After NuBits was exposed to the world, Dan Larimer saw it for the ponzi scam that it really is. His analysis should be here at the top of a thread and perhaps parked in the NuBits section.. Hopefully we don't see anyone taken advantage of
... it all depends upon trust in a central authority to perform market intervention to buy back NuBits.....
This is not accurate.
There is no central authority and there is no need to buy back NuBits to support the price when demand is in decline. Instead, shareholders spread throughout the world can vote to provide incentives to hold NuBits by offering interest rates on parked NuBits.
Delayed inflation dependent upon continual growth to prevent losing all value.
Tell me this... If the dollar was loosing value and the us government decided they would prop it up by paying interest via inflation would you lock your savings away in a cd hoping that the interest earned would outpace the very inflation it creates?
Would you trust the fed to buy back dollars with their assets to stop inflation.
I don't throw around the ponzi accusation lightly, but nubits is the first crypto I have seen that fits the description.
Propping up demand by increasing future supply hoping to sucker in a greater fool with the promise of more unbacked assets.
Sooner or later you run out of suckers willing to hold out for increased future demand at any interest rate.