Our forum is incredibly active compared to other cryptos

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


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

But this one doesn’t

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 :wink:


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

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.

  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.

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. :slight_smile:

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! :laughing:

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.

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).

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.

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

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.

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.

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.

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

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/


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.

1 Like

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.


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.


Thank you for your friendly words.
I admire @Nagalim for all the contributions, thoughts, motions he made for the Nu network.
There are a lot more, who contribute. Trying to name all, would be unfair, because I’m sure I’d forget some. The work of @Nagalim, @mhps, @ttutdxh, @Cybnate and those, who produce visible results, might be more obvious than that of others who still make valuable contributions.

It might be hard to agree on a payment, because neither @Nagalim nor me are having contracts beyond those related to liquidity provision.
Yet we try to improve, harden, continue the operation of the Nu network as good as we can.
You don’t even know whether any of the contributor is shareholder or just spending efforts, because he/she believes that Nu can make the world a better place!
…honoring their contributions, caring for those efforts would suit an organization that truly tries to make the world a better place, although it’s convenient to receive performance for free.

We still don’t have an overview of development expenses, althought that was announced by @JordanLee.
At the moment we have more urgent matters, that need to be taken care of.

I often have the feeling that I’m tilting windmills and I bet I’m not alone with that feeling; I might be one who talks about it more than others.
This is even worse than not getting paid.

We’ll see what happens, when Nu is on the way to recovery - will shareholders learn from the situation and listen to those who have a good understanding of it?

Buybacks needs to be put on hold.
The reserve needs to be increased (to a much bigger percentage, including a floor level) and improved (more diversification, more USD and USD equivalents like NuSafe).
We can be glad that this happened, before additional products were released - we can do better right from the start when planning their introduction.

I wonder whether shareholders want that. I say they should want that, if they want to act responsibly.
The next weeks and months will be interesting and set the course for me to continue here or not.

The risks of an enormous spread between buybacks and sales due to the low liquidity of the NSR market have been named numerous times and the risk of NSR rate being pushed down very far, if Nu needs to sell NSR in dire situations has been named as well.
NSR holders who sold their shares made a good deal, though.
They can buy back cheap now.

With a low reserve this can be performed as an attack. That has been explained before.
In the face of the current situation, we should try to remember it.
Increasing the reserve (and its reliability) is of paramount importance, if Nu wants to be safe from relatively cheap attacks and wants to recover confidence from customers.
By saying “relatively cheap attacks” I mean, that you can execute an attack that drains the reserve of Nu and brings Nu in emergency mode with “only” the total volume of buyside (T1-T4). That’s not much compared with the corporate value of Nu.


Forum activity level and market cap aligned.


Thank you for the laugh this morning, I definitely needed it. :slight_smile:


Where are those LP? Wow, 3% profit per month? They just disappear, because the Nu cow is running out of milk, and the forum is silent. When you spend 700K USD in 1.5 years on this forum, it should be active.:slight_smile: