NuBits

[liondani]

1. the homepage has much more information at this point in time than we provide
2. they have already plans for integration and give Nubits purpose. We should do it as well. bitUSD has to be used!

valid points!

 

[toast]

We should add NuShares as a market-pegged asset  =P

[xeroc]

Btw, there is also some totaly unrelated NoirShare which plans NoirBits and also has somekind of DAC .. but don't ask me?!

[emski]

Our solution to inflation is to reduce the money supply and release it when demand is high. Like a central bank does. Sounds like a proven methodology, doesn't it?

BTW I'm Cybnate, from the peercointalk forums and discuss.nubits.com forum. Nice to meet you.

How will the money supply be reduced and released ?

[Shentist]

if you call BTSX complicated Nubits is much more complicated

what i am buying on BTER and CCEDK at the moment Nushares or Nubits? i thought NBT is a Nubit, but then on the exchange the price is already overpriced. If its Nushares i don't get it why it is called NBT.

what i don't like in Nubits

1. some "trusted" 70% of nushares are granted, to everyone but not me.
2. you create Nubits with "voting" (this is really from thin air) and if the trust is broken they will call it a ponzi scheme (BTSX is called it at well)

no need to invest at the moment, to much in the dark

what i like

1. the homepage has much more information at this point in time than we provide
2. they have already plans for integration and give Nubits purpose. We should do it as well. bitUSD has to be used!

[tonyk]

It's now clear that NuBits is the first true competitor to BitUSD. The race will be decided by these three factors, in no particular order
1. Community
2. Interest paid on the asset
3. Price Stability

I will spare everybody the words I said after reading this...

I will smoothen them to "You just do not know what you are talking about!"

[cybnate]

Why do you think it's outrageous? Is it because their solution to inflation is more inflation? Haha

Sent from my SCH-S720C using Tapatalk 2

Our solution to inflation is to reduce the money supply and release it when demand is high. Like a central bank does. Sounds like a proven methodology, doesn't it?


BTW I'm Cybnate, from the peercointalk forums and discuss.nubits.com forum. Nice to meet you.

[James212]

It's now clear that NuBits is the first true competitor to BitUSD. The race will be decided by these three factors, in no particular order
1. Community
2. Interest paid on the asset
3. Price Stability

4. Marketing

 

[donkeypong]

More centralization? I'll pass on NuBits, thanks.

[tonyk]

From what I can tell they use voting to set interest rates...

They are also thinking of being closed source because they are worried we might copy them (due to my comments on this thread).

copy yourself (?)

... they are too greedy to honour  20% to AGS @ PTS holders 

When BM starting implementing something like NuBit, will be my last day in crypto!
I promise!

TonyK

[bytemaster]

From what I can tell they use voting to set interest rates...

They are also thinking of being closed source because they are worried we might copy them (due to my comments on this thread).

copy yourself (?)

... they are too greedy to honour  20% to AGS @ PTS holders 

What they are doing is NOTHING like what we are doing... it all depends upon trust in a central authority to perform market intervention to buy back NuBits.....

The only way the central authority can buy back NuBits it sells... is to raise capital by selling NuShares.... thus a NuBit represents nothing other than "naked short" of the dollar vs NuShares.

[liondani]

From what I can tell they use voting to set interest rates...

They are also thinking of being closed source because they are worried we might copy them (due to my comments on this thread).

copy yourself (?)

... they are too greedy to honour  20% to AGS @ PTS holders 

[biophil]

From what I can tell they use voting to set interest rates...

They are also thinking of being closed source because they are worried we might copy them (due to my comments on this thread).

They can't be closed source and be successful


Sent from my iPhone using Tapatalk

NuBits was never intended to be close sourced forever. It will become open source in time.

With current scheme they cannot be successful period. Make themselves rich? maybe.

Do you think you could post in detail why it will not work? It seems NBT sales are doing very well at the moment with very little exposure/coverage. It's been out for 6 hours and you're already 100% sure it's going to fail?

It is long explanation - in short they issue money based on a decision of the Nushare holders, and  enforce the peg on centralized exchanges. Support for the peg is also provided by giving interest. The decision if and how much interest is to be paid is done by vote of the NuShares holders. NuShares are distributed to 'trusted parties', read insider clique.

It is the same as you and me saying - here are some dollars (NuBits), we promise to find you people to always buy your NuBits at $1 a piece. If we happen to sell more NuBits than necessary, we will vote and give you some interest...
I collect outrageous ideas (and IPOs ideas) in crypto space. One day I will publish them as an entertaining reading - NuBit/Nushares will make one of the better chapters....

Why do you think it's outrageous? Is it because their solution to inflation is more inflation? Haha

Sent from my SCH-S720C using Tapatalk 2

[tonyk]

From what I can tell they use voting to set interest rates...

They are also thinking of being closed source because they are worried we might copy them (due to my comments on this thread).

They can't be closed source and be successful


Sent from my iPhone using Tapatalk

NuBits was never intended to be close sourced forever. It will become open source in time.

With current scheme they cannot be successful period. Make themselves rich? maybe.

Do you think you could post in detail why it will not work? It seems NBT sales are doing very well at the moment with very little exposure/coverage. It's been out for 6 hours and you're already 100% sure it's going to fail?

It is long explanation - in short they issue money based on a decision of the Nushare holders, and  enforce the peg on centralized exchanges. Support for the peg is also provided by giving interest. The decision if and how much interest is to be paid is done by vote of the NuShares holders. NuShares are distributed to 'trusted parties', read insider clique.

It is the same as you and me saying - here are some dollars (NuBits), we promise to find you people to always buy your NuBits at $1 a piece. If we happen to sell more NuBits than necessary, we will vote and give you some interest...
I collect outrageous ideas (and IPOs ideas) in crypto space. One day I will publish them as an entertaining reading - NuBit/Nushares will make one of the better chapters....

[shadowbroker2]

From what I can tell they use voting to set interest rates...

They are also thinking of being closed source because they are worried we might copy them (due to my comments on this thread).

They can't be closed source and be successful


Sent from my iPhone using Tapatalk

NuBits was never intended to be close sourced forever. It will become open source in time.

With current scheme they cannot be successful period. Make themselves rich? maybe.

Do you think you could post in detail why it will not work? It seems NBT sales are doing very well at the moment with very little exposure/coverage. It's been out for 6 hours and you're already 100% sure it's going to fail?