It worked for Mt. Gox – see [The Willy Report] (https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/ ) … well, it all worked well until it didn’t.
Attainment back to $1.00 is plausible, but I don’t see it as mathematically guaranteed. It depends how much funding can be raised from NSR sales. Investor’s appetite for risk, as well as the depth of their cryptowallet, is finite.
I don’t think that some dilution is the end of the world for Nu. Start-ups often go thru several rounds of funding, and along the way pick up more investors. In other words, one way for Nu to get more exposure, visibility, and brainpower, is to have more shareholders, as well as having some shareholders rotate out (such as the weak hands)
The network effect can be powerful, and the attention Nu is getting due to the recent challenges may in fact be a benefit in the long term.
What is not acceptable, however, is a plan or pathway that results in unbounded dilution. In other words, I’d rather wait for us to formulate a concrete plan that has value beyond transaction fees, and begin to take action on it, then hastily restore the peg only to lose it again, and along with it any more faith the crypto community has in us.
