- we have been keeping an almost perfect peg for 1 year
… feel free to add to the list of our achievements.
… feel free to add to the list of our achievements.
Exchange theft crisis management
ALP creation
TLLP creation
Motion driven open sourcing
Motion driven NBT<->NSR burning
Motion driven BCEX funding
This DAC article makes no mention of peershares and defines DACs in a way that is not necessary compatible with Nu?
A decentralized autonomous organization (DAO), fully automated business entity (FAB), or distributed autonomous corporation/company (DAC) is a decentralized network of narrow-AI autonomous agents which perform an output-maximizing production function and which divides its labor into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself.[1][2] It can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules.
Why is it not compatible?
provided stable wallets for Windows, Linux and MacOS from the start
formed a formidable community with lots of talented and committed contributors
increased decentralization in may areas, e.g.:
had nubitsj created (Java implementation of the Nubits protocol)
had NuDroid created to provide a mobile phone app that allows storing NBT while paying with different crypto coins (thanks to shapeshift.io) - in addition to the coinomi wallet
created NSR grants
made tx fee dynamic
got listed to several high profile exchanges
handled 24h trading volume of above 1 million USD without losing the peg
proven that we can transfer the balances of a production blockchain into another production blockchain (is a way to shrink a bloated Nu blockchain if necessary)
proved how impressively effective motions are to achieve consensus
proof of concept for seeded auctions to link NBT directly to NSR in an ongoing process
achieved a nice price-profit ratio of roughly 24% thanks to PPC and BKS dividends
integrated data feeds to be able to delegate the voting behaviour to a data feed provider
Looking back at all theses things, I’m amazed that we’ve accomplished this much in only one year. Looking ahead to next year, with B&C being released, who knows how much momentum that will generate for Nu. I think things are only just starting.
We also have parametric order books releasing.
LPCs and other custodians are human, and I think that’s what makes Nu robust.
True, our business rules can be corrupt. That’s what makes us so powerful, we are Turing complete.