I donāt know what the true plan is, but I have a vision.
As I understand it BCE and Nu have strong incentives to work together.
If the original funding plan would have worked, it would be even more clear than it is now.
It was planned to create BCE as a full subsidiary of Nu by distributing all BKS exclusively to NSR holders.
The interests of BCE and Nu would have been (at least initially) tied to each other with a 100% connection.
Even with the current funding model a large share of BCE is in the hands of NSR.
-
85,000 BKS have been distributed to NSR holders.
- 42,500 BKS have been distributed to seed funders (who most likely hold some NSR)
- 30,000 BKS (only approximately, butā¦) have been distributed to second-round funders
A total of 157,500 BKS1 has been distributed so far. 85,000 of them to NSR holders. The rest to people who more or less likely hold some NSR. If we take only the 85,000 BKS into account, this is already close to 54% of BCE being in the hands of NSR holders. We wonāt find out, but it wouldnāt take me by surprise if the ownership of Nu and and BCE would overlap by more than 75% (at the moment).
So I think itās legitimate to say that from a development perspective of BCE and Nu - even though they are different DACs - they can be seen as a unity.
Nu will benefit from BCE by having a cheaper (because more secure) way of liquidity providing.
BCE will benefit from Nu by being provided with liquidity in a stable crypto coin (NBT) that takes the place of USD at the exchange.
Iām not able to put that in any order. It mutually depends on each other.
And there might be more connections, but this is the most obvious one to me.
In my vision BCE and Nu will be developed to work well with each other.
I canāt imagine a development at Nu on the expense on BCE or vice versa, except the gain for one of them would dwarf the loss for the other as long as the ownership is so closely tied to each other.
In the future it might be different, but this does no harm to Nu nor to BCE.
By design Nu and BCE work well without each other.
- BCE could make use of a stable crypto different from NBT.
- Nu could reach out for other decentralized exchanges. MercuryEx can start its operation as soon as OP_CHECKLOCKTIMEVERIFY is widely implemented in blockchain transactions.
At the moment (ok, once BCE will work as designed
) they just work even better together than unconnectedly!
1 There are approximately 50,000 BKS left that havenāt been distributed. Letās see what happens to them.
[BKS PASSED] Motion to stop sale of BKS is still on its way to pass.