It is controversial for cryptos, not for fiat. NBT mimics fiat. When you want to hold/store it for a longer term you park your money. Better than a bank as still secured by the blockchain. So NBT is the crypto fiat, it has always been that, but someone forgot to think about who would pay the bills long term.
The initial high burning fee for holding should be seen as a way to get us out of the liquidation and have the ability to start over. Once the peg is established the park rates can be increased making it more attractive to hold NBT and increase the percentage of reserves of the circulating NBT.
The NBT holder will pay for the price of keeping the reserves. Ideally I like to see the burn rate to be voted on in the blockchain similar as we vote for fees and park rates. This would provide the Shareholders with all the monetary controls required to run a stable coin properly.
True, especially fiat Most would only hold because they think something else will go down, called hedging. We have seen this clearly in the last few weeks. When people think BTC is bullish they will sell quickly. My proposal adds a price to hedging, user pays.