Tks for accepting my invitation to join the forum and tks for the comment.
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What s the size of the liquidity that you usually need each time you trade nubits if i may ask?
Welcome @toldixxbeam, Marlon, to the forum and thank you for sharing your experience with NuBits!
When I read that you were holding your life savings in NBT I was a bit puzzled, because despite all the love I bear for Nu and NBT I find it dangerous to have no diversification.
Now I understand better - at least I think I do.
You hold an amount of money in NBTthat is required to run your business, Augmentation Inc., right?
So rather your business related cash flow is based on NBT, than your private assets?
Which is still impressive, because it means your cash flow is based on a digital cryptocurrency based token that is pegged to the value of USD!
You have the stability of the Dollar and the convenience and security of a blockchain based crypto currency.
I congratulate you on your choice!
Imagine how easy it would be not having to convert between BTC and NBT hence and forth if customers or suppliers would use NBT!
I wonder why I don’t find a reference to NBT on https://www.facebook.com/toldixxbeam
Is there an issue making deals on https://localbitcoins.com/ and having payment in NBT?
Explaining NBT to those whom you attemt to explain Bitcoin to can make your life and their life easier if Bitcoin is meant to be used as means of payment.
If those are interested in Bitcoin as investment, telling them about NuShares would be the right move 
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@toldixxbeam Welcome. How did you discover NuBits? You appear to be using NBT exactly as we intended, so it is helpful for us to understand what messaging and/or websites helped attract you to our products.
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I cannot agree more.
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I hear about Nu on a youtube video, I can not really recall… This was about 9 months ago maybe? IDK. I followed it for a few months, and jumped right in. It was very easy to implement into my business module. I am by no means a “big fish”, my liquidity is around $500-1000/transaction, maybe 10k/week volume, if even.
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Discussion on nubits, bitsusd and tether [jan, 8th]:
https://bitcointalk.org/index.php?topic=1090964.msg13483628#msg13483628
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this, today on r/Bitcoin
Bitshares discusses again NuBits peg:
My vote is yes… we have the chance to crush our competition (Nubits) by implementing such a feature.
Pretty much Nubit’s only benefit is that they dilute Nushares holders to provide liquidity for Nubits, and I think we should level the playing field and do this ourselves with Smartcoins. However, the way you state it should work in your OP is flawed because it only helps people that want to buy Smartcoins at a reasonable price, and does nothing to ensure that they can sell them at a reasonable price. There is a reason Nubits puts up both sell and buy walls… if I am buying Smartcoins I want to be reasonably certain that I will be able to sell them close to parity. I think the way Nubits/Nushares provides liquidity is a much better way of doing it… by the use of elected custodians which are provided incentive by diluting Nushares. Each custodian provides their own funds for operating liquidity operations and is incentived by payments made from Nushares dilution.
Starting at https://bitsharestalk.org/index.php/topic,20939.msg271209.html#msg271209
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from coinhoarder: “Pretty much Nubit’s only benefit is that they dilute Nushares holders to provide liquidity for Nubits”…
There is no such forced mechanism in Nu. The peg is maintained by liquidity providers that we pay in NuBits. If the peg is endangered the last resort is nushares sales (dilution) but before Nu uses Reserve (T4) and Parking (T5).
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Bring it. I tried to work with them, now they want to compete? Bring it, we’ll mop the floors with them.
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Nice catch!
Not only because it tells us something about BitShares, but about Nu and this community as well.
CoinHoarder has such a hard time explaining the obvious that I’d like to say I feel pity for him, but refrain from that, because it could make me sound like an arrogant smartass.
It’s good to see, that Nu on the other hand has done so much so good from the start (kudos to JordanLee!) and improved all that desperately needed improvement (NSR grants, decentralized liquidity, hedging BTC volatility still under construction, but being tackled) and seems to never stop improving (flow between tiers in the decentralized liquidity provision, etc.).
There have been controversial topics (e.g. the discussion about open sourcing the code), but my perception is that after a discussion has come to an end and has been settled by a voting, all are on the same side, even those who were on the opposite side before the voting.
There’s so much unity here, but no brown-nosing.
There’s so much discussion, but rarely conflicts.
There’s so much cleverness, bu no pride.
I really love this community!
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I agree – Mature, intelligent, progressive, open-minded discussion feeding a self-improving DAC
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Which one of you speaks Russian?
http://fininek.ru/finansy/chto-takoe-nubits-i-kak-mozhno-zarabotat.html
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I read a translation of it. The details remained ambiguous. There are some sentences that start out one way, and then seem to contradict themselves.
nubitsov NBT!
From 16:22, the MakerDAO (stablecoin on ethereum) developer says quite “vaguely” that basically they are taking the NuBits model, but with 2 differences:
- it will be more distributed: they are trying to build a mechanism so that it is not just a handful of shareholders issuing the stablecoins –
- the peg will be to the SDR
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The De-Throning of Bitcoin: If It Happens, This Will Be Why