I’ve been trying to figure out what the status is on B&C’s development and I just haven’t been able to come up with anything in the forums. Will it be days, weeks, months or years?
If it’s anything more than weeks, I think Nu has to find Nu’s own way out.
Ultimately, I don’t think that the peg’s 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 didn’t, and sometimes even lost money holding both sides to fees and such I was astounded and terrified. It doesn’t matter how much liquidity you create if you’re hemorrhaging money.
And if there’s 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 coin’s price. Maybe we should ask them for ideas and help. If anyone could minimize a spread, turn profit and hold a market where they’d like, it’s probably people who do most of those things already.
Just putting some ideas out there.
