I get asked pretty much the same set of questions when introducing Nirvana. The #1 (by a wide margin) being “how can anything guarantee a floor price?” And then there is the second most common question: “huh - why isn’t this bigger?” There’s a bewildered frustration at the sad situation we’ve been living with. Once you see a floor price, it’s hard to go back. It seems so obvious. Like putting wheels on luggage for the first time. Why wasn’t anyone doing this long before? We can have permanent...

I get asked pretty much the same set of questions when introducing Nirvana. The #1 (by a wide margin) being “how can anything guarantee a floor price?” And then there is the second most common question: “huh - why isn’t this bigger?” There’s a bewildered frustration at the sad situation we’ve been living with. Once you see a floor price, it’s hard to go back. It seems so obvious. Like putting wheels on luggage for the first time. Why wasn’t anyone doing this long before? We can have permanent...