Let your investors inform what is your plan to get 1$ of nubits back

[Larrivee]

Lots of investors are wating to back to $1 of nubits. we have question when it will be.

Please inform your plan. How long time we wait? You mentioned that you can’t trust who seemingly just come around for facetious remarks.

But we can’t trust just your team. we lost our money and chances. we have right what happend and will progress.

Exactly we want when Nubits will be back $1!!!

[gesite]

@jooize I saw the twitter account says that marketing is not an area where you are competent.

Please tell me what is your area of competence at all? What is it that you can do really well, especially in regards to Nu? What is the value that you bring to the network besides buying and selling Nushares on exchanges?

Last time when the model failed people were fired. What about this time? Will anybody be held responsible and fired @jooize? If not, why?

@jooize people lost hundreds of thousands of dollars. Do you have all the contracts in place that protect you from legal recourse?

[ghost76]

Please, can we get an estimate on when we can expect a $1 Nubits again?

I had my entire portfolio in here waiting for BTC to drop, only to find out I’ve lost close to 70% when I look today! Any estimation at all???

[matthewd]

Nobody realises losses unless they sell, same as any other crypto.

The Nubits peg has been lost before and regained. Same this time: Nushares will be sold, and Nubits nursed back to $1 health.

[Larrivee]

I believe to be recover Nubits’s 1dollar.
I just concern about how long time will be…

If It take a long time such as 6months I will go bankrupt.

Think about this. If Bitcoin’s price will be 30k dollar. Nubits team will get win without effort.
And I will lose vast amount of bitcoins instead of getting little money.

Please try and hard work. Never foget!! Our money is not your toy.

[ChrisTDM]

Think about this. If Bitcoin’s price will be 30k dollar. Nubits team will get win without effort.

And I will lose vast amount of bitcoins instead of getting little money.

I m not aggree with you , i store a huge amount of money in Nubits few weeks ago, and i m really concerned about all my money.
I know it s hard but , no matter what happen to Bitcoin the main concern is to go back to 1$ in the shortest time possible. That s why people with management/finance skill should suggest ideas to go back on tracks.
I have almost nothing to trade anymore but we 're speaking about trading , would you buy now the Bitcoin is very low on a support ? may be it will go more down if it breaks it and you would loose more, may be not, we don’t know , the only thing we know for sure is that our money is kind of frozen for now.

I really don’t like this situation , as everyone , but let’s try to find solution together.
We don’t need more fear on the forum especially for new investors.

[excell]

For all new investors! Consider the best time for investing in Nubits to be right now, this very time! After years of almost constantly seeing the value of Nubits in coinmarketcap at $1.00 it feels like a dream come true, unlimited money! The peg will eventually get restored, last time the peg was broken the value dropped as low as $0.25 , meaning investors made 4x on their investment on a period of months when the price restored to 1$ . Now in no ways am I saying that the peg being broken is a good thing, no no no,(I actually lost a bit) however we should take advantage of buying opportunities like this while we can. Eventually some whale, maybe even Nu itself will buy up all the Nubits, slowly but surely, then hold, until the value is completely restored.

[smooth]

Eventually some whale

No whale is going to buy into a project with a ten million USD financial hole and the existing stakeholder control and leadership remaining in place after they at best screwed up and at worst somehow stole (some of) that money.

At an absolute minimum there needs to be massive dilution (90-95%+) of existing holders and all existing leadership voted out. If that doesn’t happen there is no chance you will see your money ever again.

Ten million USD is not going to just fall out of the sky and bail you out.

[smooth]

Also, bear in mind that the previous peg failure occurred with less than one million NuBits outstanding, not ten million. The situation is massively more dire now and to expect a repeat of the relatively painless recovery that occurred last time is not realistic.

[excell]

With all due respect, if you have absolutely no faith in Nu and of its ability to recover from a broken peg, liquidate your Nu assets (if any) and leave this forum. You are not helping with the current situation if all you give is negative commentary.

[smooth]

Pointing out that major changes are needed is not “negative commentary”, it is the only constructive path forward.

If you want recovery then you should embrace the need for change, not keep on the same path and expect some magical rescue, while attacking those presenting a clear factual analysis of the gravity of the situation and suggesting that they leave.

The idea is not to make you feel better by sugar coating, it is to actually fix the problems.

But we will see whether there is actually any appetite for the perhaps bitter tasting medicine that is necessary.

[marvin]

Yeah, um, maybe when the price gets near $1, we can start throwing the heretics out agian, k? Until then, any and all ideas are welcome.

[excell]

I have proposed multiple ideas to the Nubits team, all which require a temporary reduction of coins in circulation. Commentary which does not help Nubits in any way is negative commentary, strictly for the sole purpose of making Nu look bad. We know the current state of Nubits is not desirable, but there is no need to state it over and over again! Instead it would be more beneficial to comment your ideas on how to fix this mess, if you have none then why are you in the forum?

[smooth]

your ideas on how to fix this mess, if you have none

@excell did you actually read what I wrote at all (including the thread I started “Righting the ship”)

1. Remove existing leadership and stakeholders (responsible for destroying if not stealing the previous value invested here) with 90-95% dilution as a prerequisite to restore trust and attract new capital.
2. Target a new 90-95% reserve ratio for the time being, helping to restore trust in a stable, safe, and sustainable peg. Leverage can be reintroduced later, when there is a viable and visible revenue model.
3. Phase out parking for now as the massive interest rates being paid are both increasing the capital shortfall and working counter to the goal of winding down leverage.

[excell]

I read it. Mediocre at best. Basically you are saying screw all current Nushare holders and dilute the living hell lights out of them (a form of theft). So you are basically saying everytime we have problems with Nu we should dilute and kill the Nushare holder to solve our problems? Very bad reasoning. My proposal does not involve dilution nor burning of anyone’s assets, dilution sounds criminal, look at Venezuela!

[gesite]

Mediocre at best? Does that mean you don’t like the Chief of Liquidity Operations? Maybe you should do your homework to understand what the chief himself has to say about Nushares. Restrictions of Nushare sales have never been a topic. It is now because @Phoenix and @jooize don’t want to lose their well paid positions.

Liquidity operations policy changes

The market prices of NuBits and NuShares are the result of many interactions of unpredictable and unknown actors, so they cannot be forecast with certainty. However, I believe we will see the NuShare price rise as we reduce the rate of NuShare sales, which is a process that began yesterday. Let me explain why. NuShares are no ordinary crypto asset. Aside from the pioneering model of governance they facilitate, they are designed to be the most volatile crypto asset. This is because NuBits were …

[gesite]

And I’d like to add here: the post I quoted above is so funny to read considering the current situation. It’s a joke in itself. Back then decentralized liquidity providers were to blame. Now it’s the lack of exchanges and @jooize “admits that marketing has been neglected”. The answer is so much simpler:
@jooize has no clue about finance.

Trying to build a low reserve system with such a small market is completely ridiculous and would only be done by those who would like to play the system. That’s why I wouldn’t say that @Phoenix has no clue about finance, but instead emphasize that @Phoenix does know a lot about finance! And he has anonymous, you know? (just saying…)

@jooize if you pitch the model to large investors, do you hide information about the inner workings of Nu? Do you tell them everything? Thefts, hacks, losses, anonymous payments to “contractors”, forum bans, low reserve despite calls for high reserve, peg breaks, no multisig at all for most of the tim for millions and millions of USD in assets, your knowledge about financial markets, @Phoenix arising from the ashes in a religious act after @JordanLee has been buried (my god now it gets ridiculous, I should stop, and I will).

Please pitch the whole story if you have enough time. I am sure you’ll find some “special (seed) investors” that will help Nu out, but only if there are “private Nushare sales off exchange”. Good luck!

[excell]

I am surely enjoying 155% returns on my Nubits, somehow some whale actually purchased them just how I predicted :o . Sorry you chose not to buy them when they were 30 cents a pop! This teaches a lesson that everytime Nubits are worth below their peg it is instantly a buy opportunity