Thank you for your insights as contemporary witness.
I don’t know whether there was any malicious effort to avoid a NBT/USD pair and focus on the NBT/BTC pair. I only see what happened after BTC were available, what was changed and what was the result. I come to my own conclusions.
But tell me, wouldn’t it have been wise to have exchanges trading NBT/USD first and start the project then?
I mean, it’s pretty much a prerequisite to stay in line with the white paper to have NBT/USD pair.
Just as custodians providing liquidity with non-Nu owned funds would have been.
When became exchanges that important knowing that they don’t create a lot of on-chain tx?
The NBT for the custodians was granted by the shareholders. Their choice.
But after abandoning the NBT/USD pair it was pretty much sink or swim.
Can we agree that focussing on NBT/USD with custodians who provide liquidity with own funds while avoiding BTC assets brings Nu in a more sustainable situation?