It’s clear why buying release candidate BKS is a risky endeavour for the buyers and not in favour of the BKS market perception. The resulting BKS price would need to be below the price BKS are still being sold for by B&C Exchange to reflect that risk.
Still I understand @ronny’s/CCEDK’s reasoning for starting early as a lesson learned from the start of NSR trading.
Halting that trading pair a few more days until the current blockchain is confirmed to become the production blockchain is very forthcoming of @ronny.
While NSR trading without data feeds could have led to severe structural problems for Nu1, BKS trading now would only be of lesser economical importance for B&C Exchange.
I find it reputable that @ronny decided to hold back BKS trading for some more days.
Technically you are right.
Practically it’s more complicated.
Punishing BTER on the one hand would be shooting in one’s own foot on the other hand.
The ways to punish BTER for what they’ve done are limited, not continuing liquidity providing one of the possibilities.
Is Nu really interested in doing that?
In contrast to trying to punish BTER for that (which hardly could be successful), Nu and BCE (I start to find this abbreviation more comfortable than writing “B&C Exchange” all the time) could honour positive moves by rewarding them in appropriate ways.
I find positive incentives for “good behaviour” more appealing and more practical than trying to punish for “misbehaviour”.
This expresses my style of treating situations like this:
In order to get the nsr pairs up and running again, I would prefer to leave that pair out, and suggest all interested parties to buy BKS with their NSR via the listed nsr pairs NSR/BTC, NSR/NBT, NSR/PPC, NSR/USD, NSR/EUR and NSR/CNY.
We are considering the delisting of some of these pairs if no movement in coming month, so I guess this could be a nice time to see which of these pairs have a reason to stay.
Re. BTC to buy BKS, please note that NBT/BTC pair is also available and might be a good way to get that pair back up and running.
And I will just make sure there are no tradng fees connected to that pair at least untill October!
Meaning traaing pair will be a mere 0,001% just to have show in CMC!
And on the BTC/BKS pair it will be the standard 0,2%, and we ofcourse make use of this as potential income to repay the shareholders a well. Looking into first return of funds starting this week, but still waiting to have adresses as to where to return the funds from @KTm
You missed the exchange defaults/hacks this year February. CCEDK was one of those and owes Nu money since then just like bter does. Exco.in does so too, but is bancrupt.
B&C may become one of major exchange in future, and it is decentralzied competitor of traditional exchange, so if I were you, I would have bought some BKS.
But B&C exchange cannot handle FIAT, so traditional exchanges still have some remaining advantage over B&C while B&C’s decentralized feature outperforms them greatly.
Also here it can be of interest to marketmakers that the trading pairs will be possible to have reduced trdaing commission base on tradaing activity, and the chart is mentioned on top right when you log in, and are on the pair in question. This will be up on those two pairs within next few hours as well.
I think you will have more success with BKS/NBT instead of NBT/BKS. Traders want to see that they can buy 1 BKS for $4.00 (4.00 NBT) rather than trying to think about how many NBT they would need to sell for a BKS.
