TL;DR: Nubits is a ponzi scheme.
Yup it's a ponzi. Can someone explain to me though why they have such high volume, ($1 million 24 hours) but the CAP of Nubits is staying the same, this week, circa $2.3 million? I don't understand.
I'm going out for the day, but if that is real volume, I'll do a marketing initiative I fund myself that tries to copy all their steps, excl. the provision of a simple BitUSD wallet that is completed within a week.
It seems all that took was
1. A simple BitUSD wallet
2. A simple BitUSD website (Theirs
https://nubits.com/ )
3. Main page Coinmarketcap listing
4. 2 Million CAP (Top 20 CMC)
5. Bter liquidity
6. Bit o advertising
7. Being ready when Bitcoin tanked
I expect their volume to go down now that BTC is stabilising but still if that's the kind of volume that is available right now within the alt-coin market for a ponzi pegged asset and very little outlay then we need to step up and compete.