I will repeat the broken record and say dividends were my biggest motivator for becoming a shareholder by buying NuShares. I didn’t put an incredible amount of thought into the revenue side of Nu besides that it would be very slim (buy for $1, sell for $1). I also didn’t anticipate the first round of dividends, which in hindsight were also a huge mistake or calculated move to pump the NSR and PPC markets.
We drifted away from a business model with a break even profit model to one that lost 100% of our operating budget. Drastic changes are necessary, but voting seems to indicate we are more interested in tweaks or printing money out of thin air to keep things chugging along (NSR grants) than moving back to breaking even.
Just look at tether. Centralized solution, centralized profit. It’s a great product in that it is a $1 token with a blockchain. Have they figured out a way to make a profit off of tether yet? Does it even matter? They are a huge player now.
It wouldn’t even matter had Nu figured out a way to make a non-trivial profit because of BCexchange. When I supported BC exchange funding it was going forward with the impression that Nu was done perverting it’s business model, but it seems Nu did the opposite and became so heavily involved with the NSR market that NSR lost 90% of its lowest ICO cost.
Abolish everything would be a great start. Dilute NSR to support the peg, but only because it is our only hope. If we continue forward as if this is not a move of desperation and just ‘oh this is how our protocol works’ we will fail miserably. Only provide shareholder support to USD/NBT markets. This is a tl;dr of my vision.
Jordan admitting he is actually capable of making a mistake would be a move of honesty on his part, seeing how he is the majority stakeholder, instead of blaming shareholders other than himself.