Iāve been trying to figure out what the status is on B&Cās development and I just havenāt been able to come up with anything in the forums. Will it be days, weeks, months or years?
If itās anything more than weeks, I think Nu has to find Nuās own way out.
Ultimately, I donāt think that the pegās failure is as bad as other people do. I think the business model problem is way worse. A profitable business model would allow the peg to be pulled up. Most people (myself included) assumed that Nu made money spread trading, and, when I found out it didnāt, and sometimes even lost money holding both sides to fees and such I was astounded and terrified. It doesnāt matter how much liquidity you create if youāre hemorrhaging money.
And if thereās no hedge against BTC moving 30% then wtf? We know that that happens all the time.
I think what is really needed is to recruit help from people who trade and run bots. Somehow These guys consistently do well trading, they also have a service to liquidate large amounts of funds without disturbing a coinās price. Maybe we should ask them for ideas and help. If anyone could minimize a spread, turn profit and hold a market where theyād like, itās probably people who do most of those things already.
Just putting some ideas out there.
