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General Discussion / Re: NuBits
« on: September 23, 2014, 04:54:08 pm »And this will happen because....? What their ability to decide when to print dollars(NuBits)? I do not buy this...From my quick reading it seems there is no economic incentive to hold Peercoin. Is that correct?
I wondered if Peercoin would be the equivalent of BitsharesX, but clearly its not.
Peercoin holders receive dividend payments from the profits of the system. NuShares is where all of the capital appreciation will happen.
It's exactly that, they are printing USD out of thin air, how can they not profit from this? The Dev (Jordan Lee) already set out the distribution plan, the entire NuShares stake will be distributed for $4.5M, and it's a private sale, you have to message him to set up the deal to buy some shares.