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General Discussion / Re: Video of Inside Bitcoins keynote?
« on: October 07, 2014, 06:48:25 pm »AFAIK it starts in 3 minutes ..Maybe I had my time zone calculation off by an hour.
It either just ended or is just starting!
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AFAIK it starts in 3 minutes ..Maybe I had my time zone calculation off by an hour.
just figured out that ALL USD markets on bter have pretty low volume .. to sell BTC you need to give away btc for 100$ below the market :\
The OP is basically arguing against crypto as a concept.
That is because ALL Nubits is owned by one team.
They sold 100 NBTS,get 100USD CASH.
IF they do not wish to run off with the 100USD CASH AT THE MOMENT,they can easily do whatever liquidity they like .Because everytime they sold a NBTS,
THEY GET CASH !!!!!!
Of course,as long as they do not want to run off ,even after selling 2 Million NBTS and get 2 Million USD eash CASH .
If I make a coin with 100% premine , I can easily do the same trick,as long as I don't run off with the money I sold from the coin.
And ,the team maybe only 1 person ,even after selling some shares in the public,the main power and fund still controls in 1 person.
But the main issue to adoption in my view is complexity. It requires a BTSX wallet (and BTSX as collateral) to access and hold BitUSD. Its a multi-step process. And trading it requires a knowledge of some quite complicated (and constantly shifting) rules to understand the market dynamic, at least until enough history means people can just default to trusting it.
Also, NuBit volume is the result of bots trading. It's not organic.
Bitshares requires bag holders as well. If everyone decides to get out of BitUSD what next? How well will it "track" the price?
Reality is NBT so far works better than BitUSD, when it comes to liquidity. Can you buy/sell 1000 BTC worth of BitUSD without pushing the market? No.
Straw man argument. You can't argue against the potential wet bag of shit Ponzi scheme that is NuScam
Reality is NBT so far works better than BitUSD, when it comes to liquidity. Can you buy/sell 1000 BTC worth of BitUSD without pushing the market? No.