Thank you for confirming that.
And you refuse to accept that this is what makes Nu bleed out.
How much of the funds Nu received in its inception has been lost there?
Just calculate the difference between funds received and all that was spent on other efforts such as development, marketing, hosting, etc.
Then you have a ball park figure how expensive Nu’s main business is.
You understand that Nu loses money by shifting volatility from NuBits holders to Nu?
I could. But Bitshares already did it the way I’d be going.
Lend funds (BitUSD), gather collateral in exchange (BTSX), automate margin calls to liquidate the collateral.
I’m not whining about your ideas or work.
I’m just pointing out how ruinous they are in this case.
You might remember that I provided Nu with a draft of a product that could easily be sold with a spread.
Nu refused to build anything upon this.
But I’m gad to see that it is not only going to be implemented, but even in an improved version: https://talk.peercoin.net/t/ann-indicium-series-a/4518/76
What do you mean by that in this context?
Are you really saying that one of Nu’s officials, @Phoenix, can’t even be bothered telling how much shareholder funds he lost and that the spending the time of the “Vice Chief of Liquidity Operations” for something that’s directly related to liquidity operations is too wasteful?
Those concerned shall do your work? After all these months you still manage to impress me.
How did I even get the impression that spending time on accounting has always been perceived as wasteful at Nu?
