I know where this might end, but I need repeat this proposal anyway:
Nu could consider selling NBT for NSR instead of selling solely for BTC - especially if somebody wants to buy big amounts directly from Nu!
This might be a rather philosophical topic, but I dare say that Nu can’t survive if it doesn’t evolve beyond being a hedging instrument. I say so, because Nu’s costs for providing liquidity are several orders of magnitude bigger than the earnings from fees associated with the hedging.
But if Nu can use the (temporary) revenue from selling NBT (even if they are intended to be used for hedging BTC volatility) to bolster adoption beyond hedging, it’s worth a try.
Nu really needs more (efficient) marketing. Nu is great, but the world needs to know.
It’s so good that “The Daily Decrypt” is sponsored by Nu and BCE for some weeks!
Nu needs more…
For the record: the grant to operate NuBot on Poloniex as buy side gateway passed.
If the peg on Poloniex is in danger and BTC need to be brought to market, NuBot should do that automatically if funds are deposited at the Poloniex BTC deposit address.
I don’t feel good about the fact that the Poloniex deposit address can’t be changed by the account owner.
For that reason I’m going to send the deposit address only to FLOT members instead of posting it publicly.
It will only be available publicly if the gateway gets used and funds get sent there.
If everything pans out nicely, this will never be required.