NBT: From a Hedging Currency to a Transactional Currency

[crypto_coiner]

“Imagine you see a cup of coffee selling for $1.79 US. How much will it cost in NuBits?
1.79”

[quote=“woolly_sammoth, post:1, topic:1921”]
Hedging: Traders might be able to successfully hedge against you. This means that people speculate on the BTC price movement and buy NBT from you at a low price and sell them back to you when the price is high (or vice versa).
[/quote] (extract from post )

Because Liquidity custodians have to use BTC, they are exposed to its volatility and to the risk of losing money in their original primary objective of pegging NBT to the USD.
With bitcoin going down in the foreseeable future, what can we realistically expect of the profitability of the liquidity custodianship on the NBT/BTC pair? see example
Wouldn’t it be time to promote NBT/USD pairs on markets and start to work on them?
Are we not loosing sight of the following primary goal:

This post suggests that NuPool (and probably NuLagoon) could be easily applied on NBT/USD

Edit: typos

[Nagalim]

I think at the core of this issue is the question of what metric we use to determine our success. If true longterm stability of Nubits at $1 is the goal, then I agree that we should be pegging nbt/USD. If we want to appear to have stability in the long term, however, we need coinmarketcap (camp) to list nbt at $1, and since cmp uses volume weighted averages of all trading pairs, we need to focus on all nbt pairs. And finally, if our figure of merit is global volume, as it has been in the past, nbt/btc is crucial because btc has all the volume. Pegging against hedges simply gives us the best statistics to tout.