[SURVEY] Liquidity Custodianship Business - Profitable or Not Profitable

[mhps]

Ultimately we’re just waiting for someone to do it right?

Ultimately yes. But the task ahead is to identify and define requirements, and form consensus among shareholders.

[crypto_coiner]

Cryptsy uses a voting system and we have 3,000 votes when we need 30,000. It would cost something like 5 BTC to get to the top of the list. I’m not sure how or if we could specify USD.

A grant or a motion could be thinkable to finance getting NBT on cryptsy, I suppose.

[crypto_coiner]

These 4 quotes sum it up very well -

NBT, by its stability nature vs the USD is to be sold on payment processor/gateways as NBT/USD pair (or whatever NBT/fiat pair),
not on cryptocurrency exchanges as NBT/BTC pair (or whatever NBT/crypto pair)

I would like to re-iterate what I have said elsewhere: exchanges don’t make real money accepting users’ fiat. They probably lose money doing so due to regulatory overhead.

Although I support the effort but do realize NBT/USD, of which the price chart is a flat line, is not interesting to exchanges.

Forget NBTUSD on btc-e. Exchanges want TRADING volume. Back and forth frantic speculative trading, that is. NBTUSD is not for trading. It is a service, best installed on the page of payment processors and gateways, forext exchangers, etc. .

Note that nupool and nulagoon are on nbt/btc with high rate risk (BTC price is volatile and LPC could lose money). On these exchanges the interest rate for nbt/usd should be 10 times lower I think, because there is 0 rate change and 0 risk. So i think 0.25% perday on CCEDK for nbt/usd to compensate residual exchange risk is in the ball park.

[Nagalim]

It can be sold on NBT/BTC markets, we just shouldn’t be pegging them. We should be pegging the payment processors and gateways, like you said.