i think this is the correct thread to write my thoughts about pegging value.
during the last month i see in coinmarketcap the nubits value always at 0.99…$
i know that it doesn’t have much difference from 1$ value. but i believe it is a little bit
psychological to see nubits at 1$ even if it is 1.01 or 1.02 which i have seen it sometimes.
It is the same phenomenon as in the merchant space where we see the goods to be priced at 9,99$
and not 10$. people will think that 9.99$ is much cheaper than 10$.
yes it is strange, but it is working!
the same with nubit, we say that 1nbt=1$ but people will see it as 0.99 and will think that peg is lost!!!
Perhaps we should try to have nbt always during 1.01 $ at all times
edit: not a reply to MoD