This is the most flattering thread I've seen for Nu on this forum, but how does anyone expect investors to have any faith in BitShares if you guys have to pivot every nine months?

What has this project consistently done well with since launch?  That's genuinely an honest question. I would like to know. My impression is the project tries to do everything, and because of that nothing gets done well. I mean it's literally at the point where someone is suggesting to merge the design of Nu and B&C into the project and the responses are like "great idea!".

One year ago Nu was a ponzi scheme, horrible economics, disaster waiting to happen... on and on. (I mean it could be a disaster waiting to happen... who knows.) Now I arrive at this thread.

When is BitShares going to decide to focus on doing one thing really well?  I don't have a deep understanding of the project but I like to come by here and catch up on happenings. There's no real product focus. There will be no community or vision to stand on if the project doesn't have legs. Leaning on the success of Nu doesn't count.

We haven't really had to market Nu. I think we put out our first paid ads for NuBits on The Daily Decrypt just a couple weeks ago. That's it for paid marketing as far as I'm aware and it took us a year to get there. The project focuses mainly on results. I can promise you though if you guys decided to start following the implementation of Nu and B&C it will be the best free marketing we could ever ask for. I'm giddy just thinking about it.

Just wanted to leave some thoughts since this is a very strange thread to see on here. The BitShares community is much larger than Nu, and it has some really great members. It's why I like to come lurk. I think the future of BitShares would be brighter by finding a real identity. Not through the community but through the product. I'm not really sure what this project is trying to do, and I don't think i'm alone there.

Quote from: CoinGame on September 06, 2015, 11:24:43 pm

Ehhhhh I'm not sure I would go that far given the posts I read about NuBits on here over the past year, but it's nice to see ponzi scheme isn't being thrown around so loosely anymore.

Aren't you doing almost exactly what FED is doing?

Our project has various approaches to manage the available supply. That is the vaguest comparison to the FED that could be made, and it could probably envelop BitShares as well in how vague it is. Even so, "Aren't you doing almost exactly what the FED is doing?", to me, is like asking if we practice dark magic. Next comes baseless uneducated murmurs that we're performing witchcraft (see the post above by tonyk), and without any investigation people are trying to burn us at the stake. Does that make sense? It's like me asking "Doesn't xeroc do exactly what a hacker does?" because you use a computer, the internet, and type on a keyboard. The only point of the question from the get go is to play off peoples negative view of what i'm comparing you with.

It's unfair, but that's nothing new on this forum.

What we do is give people who own NuShares the ability to vote on actions of the network.They've included who is in charge of representing Nu in an official capacity, protocol changes of the client, and how to represent information on official properties (and a lot more). All through the motion system. Those same shareholders can vote on decisions that can adjust the supply. Their job is to maintain the peg, and they're given as many tools as possible to do that. There's transaction fee voting, park rate voting, NuBits and NuShares grants (each with their own roles and implementations that is constantly evolving). People have even invented ways outside of the protocol to help perform that duty. https://docs.nubits.com/liquidity-pools/

There's a lot of really cool stuff happening, an even more coming down the pipeline. It's an open direct democracy in action, and that's what people love so much about it. That and the fact our project maintains a consistent direction, and we meet our goals. Our successes and failures are well known, but we have managed to persevere through all of them. We're about to hit our one year anniversary of our launch later this month and it's been one hell of a ride. https://docs.nubits.com/history/

Quote from: monsterer on September 02, 2015, 08:21:28 pm

Quote from: toast on September 02, 2015, 06:41:58 pm

The custodians are the market makers. The monopoly is over the ability to issue nubits.

The market is made and the peg is maintained solely by the market makers, isn't it?

Yes, except they can be tugged around by NSR holders via parking rates.

We can also grant NuShares custodial grants now. We auction off the NSR (or sell it on the open market) to raise funds which allow us to buy and burn NBT. It was with the initial NSR distribution the past few times, but the concept in effect has worked. We leverage the value of NSR to stimulate NBT demand and then remove the NBT from the supply. Here's an example: https://discuss.nubits.com/t/passed-nsr-sale-and-nbt-burn/2138/49?u=coingame. There's some other interesting profit models for the network at a conceptual stage. B&C exchange is in rapid development though so the NuBits core dev team has their attention split.

Their community is almost non existent. Check out their forum http://www.peercointalk.org/index.php?board=3.0

Our official forum is discuss.nubits.com

There wasn't much to talk about since we've been almost totally silent about the project until today. We know there's a lot of talented and educated individuals involved with BitShares. If you all would like to discuss NuBits with the dev team stop by our forum.

We have a busy day of getting everything sorted out. see ya!

cg