Well, it isn’t always low. NSR is the most volatile cryptoasset. Scarcely more than a year ago NSR was worth 1800 satoshis compared to today’s 15. It has been low lately, which is due to the shrink in the currency supply that resulted from the illegal and anti-social default imposed by FLOT (First Liquidity Operations Team) and Augeas in June.
The NSR price tends to move in the same direction as the total currency supply. This has fallen from 820,000 in May to just $136,000, where it has been fairly stable for more than a month. If the money supply begins to grow again, we should expect the NSR price to do the same. Even with no additional currency sales, the rate at which we sell NSR continues to decline.
While it was a very expensive demonstration that I would have avoided, it nonetheless displays the tremendous power our model has to support currency. We can keep the peg while purchasing back more than 80% of the currency. That has been proven. I am proud to be part of a financial network that has demonstrated that remarkable capacity.
Now that we have proven we can lower the currency supply as low as it can go without losing the peg, let’s show that we can bring value to shareholders by increasing the currency supply.
