Next week, Nu will be 1y old. What did we achieve?

[cryptog]

• we have been keeping an almost perfect peg for 1 year

… feel free to add to the list of our achievements.

[crypto_coiner]

Exchange theft crisis management
ALP creation
TLLP creation
Motion driven open sourcing
Motion driven NBT<->NSR burning
Motion driven BCEX funding

[ttutdxh]

Proven and stress tested DAC business model.

[crypto_coiner]

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.

[ttutdxh]

• narrow-AI autonomous agents: NuBot
• tasks which it performs itself: park rate adjustment, motion and grant execution, protocol changes…

Why is it not compatible?

[masterOfDisaster]

• 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.:

  • transition (from centralized) to fully decentralized liquidity providing with NuLagoon as an MLP and several ALPs (formerly known as TLLP)
  • tier 4/6 liquidity to be moved to multi signature custodian group

• 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

[Sentinelrv]

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.

[crypto_coiner]

It can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules.

LPCs and other custodians are human, and I think that’s what makes Nu robust.

[Nagalim]

True, our business rules can be corrupt. That’s what makes us so powerful, we are Turing complete.