Instead of burning maybe a new protocol must be instituted where a certain % of all circulating supply are FORCE parked, meaning these Nubits will be taken out of circulation helping restore the 1$ peg.
Maybe NBT holders will be upset about this decision, however force parking means they will be able to receive interest on their NBT once the FORCE parking term is over.(premium maybe?)
Obviously anybody who holds NBT wants it to store value no matter what, I would much rather have my Nubits forcibly parked and help them remain 1$ than for me to see that they are now worth $0.35.
This FORCE parking mechanism should be random, placed on a certain % of random circulating coins and should not force users to hold longer than 1-3 months, also the parking term should be random so not all people will panick sell on the market once their coins are released at the same time, rather their coins should be unparked randomly. I would be okay holding NBT knowing this could happen, because
- Peg breaking rarely ever happens, meaning it might happen only ever two years or more
- I would rest assured this action happened on everyone’s coins helping protect their 1$ value, and would take a maximum of 1-3 months
- I would receive a premium on my forcibly parked coins! And since this mechanism unparks randomly for everyone within a maximum of 1 or 3 months I could rest assured NBT is not simply dumped on the market.
Also we could just do this same version as a coin swap, burning a % of random coins, and exchanging them for new Nushares of 120% value, and releasing them in random order in a maximum period of a month. Randomness is necessary so that people will not just all dump all their Nushares at the same time in the markets, and the 20% markup will give them a safety net for volatility/as an inconvenience for exchanging their NBT.(However this brings the problem of dilution to the shareholders, so the force parking protocol is a lot more fair to shareholders)
Unfortunately these measures seem somewhat unfair and totally against someone’s freedom to use their coins as they wish, however I do want to stress that this should only be done in SEVERE or EXTREME peg danger conditions. I really think that the people who lost thousands of dollars during this peg break would have much rather have their coins forcibly parked than for them to lose all their value.