Our forum is incredibly active compared to other cryptos

[crypto_coiner]

One NBT is still one Dollar! Have a look at CCDDK.But it failed to be always one Dollar quoted in BTC…

Any way B&C can solve this – any proposal already anyone? @Sabreiib ? the pegging using fiat pairs

[masterOfDisaster]

Loosen the NBT/BTC peg is the only approach I can think of.
The promise of keeping NBT pegged to USD quoted in BTC is close to a lie.

[crypto_coiner]

Probably

Is this the ultimate reason Nubits don’t get listed on most of the big exchanges?

Exchanges are interested in making money out of trade volume –
With NuBits, they have bots making the market and artificially “fixing” the price.
I believe they dont like the non-market based economics

[Sabreiib]

Yeah, B&C has the potential to solve Nu’s problems.

Nu’s “Seven Deadly Sins”

1. Charge seigniorage without a single AK47. Directly keep proceed NBT sale as profit, while ignoring basic accounting rules.

In fact, The real revenue of Nu are transaction fee destroyed within network and premium of BTC holding. Either small or unstable.

2. Distribution of dividends without sufficient revenue

3. Buy back shares without sufficient revenue

4. Hug FED, central banks, Judas of cryptoworld.

5. Want to achieve impossible trinity at same time. i.e. strict peg; free capital flow and independant monetary police.

6. Plan to sell NSR for BTC when company in danger to maintain peg, “Crime Inducing”. Even myself want to push NBT price to 0.5$ and buy NSR like water. Salute that guy with 12,000NBT in hands without doing such bad things!

7. Focus on cryptos arbitrage while ignoring the real future: online content comsumption payments.

I’m not curious about how small market cap of Nu, I wonder why Nu still alive.

Hope B&C will change these, otherwise my limited patience will gone.

[mhps]

I wonder why Nu still alive.

Many wonder why bitcoin is still alive. Zero reserve and non-zero price!

[masterOfDisaster]

A lot of your feedback is providing valuable points of view.

But this one doesn’t

Even myself want to push NBT price to 0.5$ and buy NSR like water. Salute that guy with 12,000 NBT in hands without doing such bad things!

With 12,000 NBT you won’t have success at Poloniex.

Wed Jun  1 08:31:04 UTC 2016
status of mOD dual side NuBot at Poloniex:
nud getliquidityinfo B | grep B9gXptkoqAApF3AFrQyhUbhSzvuEudxupt -A 2
        "B9gXptkoqAApF3AFrQyhUbhSzvuEudxupt" : {
            "buy" : 11886.08,
            "sell" : 20161.9209
status of zoro dual side NuBot at Poloniex:
nud getliquidityinfo B | grep BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo -A 2
        "BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
            "buy" : 11055.96,
            "sell" : 19665.5832

$23,000 are there on buy side.
Another 31 BTC are on T4 reserve and can replenish the gateways.
Based on that alone, you need some more money.

And I promise you: as soon as @zoro’s buy side funds are depleted at 5% offset and my buyside funds are depleted at 7.5% offset, the next orders I’m going to put there will have even more offset, but not 50% anytime soon. @zoro will hopefully follow me.
You’ll need much more money to bring NBT down to $0.50 in the NBT/BTC pair

[Sabreiib]

Bitcoin is not a company, it is just a gift from the god satoshi, a commodity.

Gold companies may become bankcrupt, but gold itself never bankcrupt, unless the Satoshi is not as a good designer as “God”.

Gold is still there in the world even the whole human being extincts, BTC is still in Internet world before any DAO comes into being, and even all DAO die off.

Your concepts need to improve.

[Sabreiib]

1. Can you assure that guy has only 12,000NBT not 60,000 NBT?

2)Can you assure that guy is not good at spread rumors/panics?
How many NBTs out of Nu’s hands & in circulation?

3)Attackers may lose half money by selling 60,000NBT @0.5$, but he may recover by ransacking NSR at extreme low price. Because Nu’s fate is held in his hands, the peg. After commit such crime, he may return to our community as a saviour providing money to rebuild peg and sell NSR gradually.

[Sabreiib]

Partly it. It started from the Peercoin community. Long on technology and ideology and short on PR and flexibility. We should adjust our acceptance level on making bold statements (hype if you will). In a noisy room you need to speak louder to make yourself heard.

Agree, in the stink of money, cryptoworld full of speculators, scammers, liars, we need to learn how to tell story, sell concepts, and draw the beatiful future pictures. This doesn’t mean we become same as them, just an extra equipment, we also continue to do the most difficulty thing: issue private money.

How about rename BKC to HYK and declare the first Hayek good money experiment in human being’s history? Different from bitcoin and other 1000 alt coins.

[Chronos]

To be honest, the longer I am in the crypto community, the more I realise it is mostly hype and scams.

Same here. Hypes and scams. But there are also scam-hypes. And every now and then, a hype-scam. Of course, if you’re lucky, you might find a scam-scam or a hype-hype. Good variety in crypto!

I’m not curious about how small market cap of Nu, I wonder why Nu still alive.

This is my thought also. Nu still has liabilities (outstanding NBT), but the peg is currently weak, and with low market cap, ability to raise funds could be limited. I wouldn’t be surprised by some kind of “bankruptcy” in the next months, if there is more NBT sell pressure. So I am not buying NSR right now.

[Sabreiib]

To be honest, the longer I am in the crypto community, the more I realise it is mostly hype and scams.

To be honest, the longer I am in this community, the more I realise it is a group of good guys/IT geeks without proper experience of running a company.

Any member of this community should consult your relatives/friends about how to run a company, otherwise, DAO is DOA(death on arrival).

[tomjoad]

Nu still has liabilities (outstanding NBT), but the peg is currently weak, and with low market cap, ability to raise funds could be limited. I wouldn’t be surprised by some kind of “bankruptcy” in the next months, if there is more NBT sell pressure. So I am not buying NSR right now.

I am not buying NSR right now for the same reason; the potential of dilution. However, it should be pointed out that the network can strengthen itself with the release of Chinese NuBits and other products. If we set a new Tier 4 threshold of 67% USD reserves, we could eventually reach it by keeping 100% of the proceeds from CN-NBT.

To be honest, the longer I am in this community, the more I realise it is a group of good guys/IT geeks without proper experience of running a company.

Any member of this community should consult your relatives/friends about how to run a company, otherwise, DAO is DOA(death on arrival).

The negativity isn’t particularly helpful. You might be surprised at some of the real-life qualifications hiding on this forum.

[Sabreiib]

Many wonder why bitcoin is still alive. Zero reserve and non-zero price!

BTC price is backed by everincreasing minting cost, this is acknowledged by satoshi and the perfect simulation of gold.

Satoshi, is an expert or a group of experts with decent crypto, IT, economics, and psychology knowledge.

[Sabreiib]

The negativity isn’t particularly helpful. You might be surprised at some of the real-life qualifications hiding on this forum.

I’m worried about my invest on B&C, if you guys continue to do things in such a way, I am afraid of losing my investment.

The DAO is a group of shareholders with direct vote for decision making, some or a portion of shareholders having proper commecial background cannot guarantee the success if the majority are amateurish.

"Truth is often in the hands of the few, " with stupid majority are in charge of everything, Hitler can be elected, socialism may lead to disaster, like Venezuela.

We need to combine the expertise/efficiency of the few and the wisdom of crowds, this is a quite tough task.

[ChrisS]

All organizations are entitled to errors; it’s not like discussions for remedies are scarce here. Your participations has been welcome and helpful. You made your investment prior to forecasting the present situation. Let’s learn and fix it.

[mhps]

BTC price is backed by everincreasing minting cost, this is acknowledged by satoshi and the perfect simulation of gold.

You can dig up anything but the work doesn’t automatically translate to value of whatever you dig up.

[crypto_coiner]

However: there is an issue of public awareness and perception- all members hide under their anonymity, except 2 or 3 – - we are dealing with the most difficult, mistaken, unpopular business: money issuance

I would add an important perception issue.
People think that DAO and the blockchain mean trustless-ness and all process executed through robots, AI and computers because human are fallible. So when they see Nu and Peershares, they tend to reject because at the end of the day, people are entrusted to execute operations.
People have a big mis-understanding of what the blockchain is and how to use it. This is not about getting rid of humans from the equation, but about a new way of decision making and organization. This is about deciding without a pyramidal hierarchy and peershares seems to be the only robust implementation of that.
Reference: http://www.julienhamonic.com/A_New_Thought_Form_from_the_Pyramid_to_the_Blockchain2/

[cryptog]

I am confident that the network will do its job perfectly.
Someone or several people, shareholders will come up with fresh ideas and the best idea will be selected to solve our issues.
This is the secret weapon of Nu: enabling any contributors to propose something and letting the consensus decide.
As long as the shares are sufficiently distributed, the security stays intact and the voting system will work.
So i urge every shareholder, including myself, to propose ideas and use our voting system.

[dysconnect]

When we get back healthy we should consider being more generous in paying people who contribute to the network. It is such a glaring mistake that the efforts of people like nagalim and mod go unpaid, and many other people are underpaid for their work. Buybacks, if it could ever happen again in these 1-2 years, should be on hold while we prioritize development expenses.

[Sentinelrv]

Honestly, with all the money that went into buybacks, I never received a single penny of it because I never sold any NuShares. Most likely people outside our network made money off of it by buying and selling NuShares and then leaving Nu when we stopped. It seems like it was such a big waste.