From the Nubits Whitepaper:

Quote

When this occurs, NuBit demand will decline permanently. The end of the currency will be marked by interest rates rising to unprecedented highs and then going still higher until the vast majority of NuBits are parked. When market participants reach a unanimous consensus that NuBits are worthless, then they will suddenly drop to zero value from one USD. As long as a small group of speculators believe there is even a small chance NuBit demand will reach a new all time high the price will remain one USD. As the currency shows signs of stress and serious decline in levels of use NuBits will pass from ordinary businesses and people to speculators willing to take large risks for large rewards. Ownership of NuBits will centralize somewhat as the currency shows signs of stress. Failure of the currency is not synonymous with failure of the network. If there are other currencies offered by Nu, they will continue to be unaffected.

In the space between now and obsolescence, there is much that Nu can do to benefit shareholders and its users.

It seems to me they know fairly well how the story will end. I guess it all boils down to arguing about when that will happen.

Quote from: Shentist on October 08, 2014, 10:13:48 pm

market cap 2m and the trading volume in 24h is 1m.

I would bet that there are a lot more than 2M NuBits by now, so the market cap should be higher.

But coinmarketcap is pretty slow at updating share counts.

Update:

I've been trying to resolve two problems with LottoShares but have not managed to do so.

The first is a forking problem when the checkpointing server is running. The checkpointing server allows draws to take place but causes forks to take place when checkpoints aren't accepted by some clients.

The second is decentralizing the draw/random number generation. Using the block hash and a private key to generate unpredictable randomness is centralized and ultimately unsatisfactory. I think the second problem may only be resolvable in the context of a (bitshares style) delegate model.

Unfortunately I've been unable to resolve these problems in LTS despite a huge amount of effort. I have now decided to redirect my efforts to other projects.

Thanks to everybody who took part and I'm sorry it didn't turn out as well as we had all hoped.

Quote from: liondani on October 02, 2014, 10:37:41 pm

can somebody sent me 1 dns to

delegate-liondani


thanks in advance

somebody?
I want to activate my delegate before I get to sleep... its 2 AM here 

Quote from: biophil on October 01, 2014, 07:35:57 pm

Yield question: BM recently quoted 1.5% yield on BitUSD. Did he get that number by computing (collected_fees) / (current_share_supply) ?

If so, then BitCNY is paying about twice that and BitGLD is "paying" over 18%. Obviously the bitGLD number will change once the "assert exception" bug is fixed, but that's an awfully nice yield on gold.

let me hightlight two lines out of the GLD market status:

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  "precision": 1000000,
  "current_share_supply": 70397,

There just is no liquidity in GLD yet ..

The issue of the yield .. if have no clue .. but I guess something in that . or maybe he collected blockchain data and estimated according to the already paid yields .. something like that ..

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1. pay your employees in bitUSD
2. pay your contractors in bitUSD
3. let the bitshares DNS, Votes, Music etc. integrate bitUSD payment from the start - as easy as possible
4. establish an easy way to convert USD in bitUSD - this will bring new money in the system

we need more purpose for bitUSD and everything else will follow

 Exactly!