Over the first 4 months of life of Nu, the peg has never been unkept.
This is a success.
At the same time, we have seen the buy support decrease down to 15k NBT but each time, some funds sitting at Tier2 were unfrozen and shifted to Tier1, in my understanding.
So it seems that NuBit’s peg has never been in great danger.
Conversely, the sell side has never been in great danger either.
This prompts me to ask the following question: Do we need first to increase the buy side in order to make users confident in Nu’s ability to maintain the peg before those users feel comfortable enough to buy NuBits or do we need first to create services that make use of NuBits and encourage users to buy NuBits, after which we can concentrate on increasing the buy side support or do we need to do both at the same time?
It is a bit like the chickens and eggs problem.