I just wonder if we can develope a loan business.
For example, in 2016 I’ve bought Nushare of 2000$ value, I submit a borrow for 1 year to system, and other shareholders pass it, so I get 1000$ value Nubits,ie 1000Nubits with 5% annuual interest rate.
The reason I wanna boorrow Nubits is that i need that money to do sth and don’t wanna sell my Nushares because I believe its price undervalued. In 2017 I have to pay system 1050Nubits and the extra Nubits from my FITA buying on exchange. If I fail to reture those Nubits in time, lose my Nushares.
Load interest rate is always higher than pack(deposite) rate, that’s common profit of business bank.
In this way, the system has another way to control turn volume of Nubits, just like packing via adjusting the loan rate. As Hayek said, if a bank stops loan businness or decrease borrow need by high rate, the payback Nubits continueouly returning to system will lead to less Nubits on the market.
Two goodness:
1)make profit for system
2)additional way to control NuBits on market
There must be some Nubits under the control of custodians or system, Nu system can buy back some Nubits, is that right? Those Nubits owned by system can be parked without interest rate for any time.
People pack Nubits to get more Nubits, and this makes the whole volume increasing, more potential sell presure on LPC. With loan business, Nu can attrack more FIAT into this system and get more Nubits in system’s hand, so more price control ability.