I think Nu is an incredibly valuable project. While on paper it would cost a couple million dollars to bring back the peg, I feel the number would be higher if we continue an unsustainable and complicated model, but much lower if we took a step back and read the white paper, which made so much sense and convinced me to invest quite a bit in Nu.
I have bought back my stake in Nu since I left, but I fear we are too ‘dug in’ to get back to our roots in the minds of shareholders coupled with the fact that it is highly likely Jordan Lee can pass or deny any motion or grant he pleases and he has bad ideas. This is apparent by the popularity of his motion on the blockchain but not so much where shareholders communicate with each other.
If any shareholders want to collaborate on a motion to undo some of Nu’s drastic fundamental changes and get back more to the white paper, please invite me into your discussions. The only proposed plans to save Nu involve penalizing NBT holders when they simply hold our product in their wallet or to perpetually inflate NSR to provide an extremely liquid BTC hedging product.
Both propositions are destined to fail unless Nu was intentionally crashed, in order to bring it back to life like a Phoenix rising from the ashes and look like a hero. If the latter is the case, it could come back to life at any moment until the chickens come home to roost again.
