[quote]
Rational expectations would then come into play to stabilize the price of coins during
each period. If the price of coins were to go below $1 during any such
period, it would be profitable to take a bullish position in coins, go
long, and profit when the quantity adjustments at the end of the period
pushed the price back up to $1. Conversely, if the price of coins were
to go above $1 during that period, then it would be profitable to take a
bear position and sell or short coins to reap a profit at the end of
that period, when the quantity adjustments would push the price back
down to $1.[/quote]
Why am I writing all this?
The author seems to be well-informed, the article is well-written, using references and Kevin Dowd is presented as “an adjunct scholar at the Cato Institute, and a professor of finance and economics at Durham University in England. Dowd has written extensively on the history and theory of free banking/private money, central banking, financial regulation, and commodity monetary systems.”
It might not help getting the desired attention spamming comments at the end of that article which is already close to two weeks old.
Getting in contact with Kevin Dowd, informing him about Nu hoping that he finds that interesting might be worth the efforts.
It could be he just haven’t heard about Nu so far…
@tomjoad, what do you think of this? Could this be worth writing him an email or a comment?
D’oh! I should have read the comments…
…buy anyway the assertion that there is fluctuation based on charts from coingecko can hardly aligned with the liquidity at 1 USD provided by pools.
It’s just like selling you 1 USD for 0.9 USD or 1.10 USD (you wouldn’t want to do the latter) and claiming that USD fluctuates.
USD doesn’t fluctuate relatively to the level the issuer is guaranteeing and that’s (so far) true for NBT as well.
B&C Exchange is another decentralized exchange that is in fundraising. It has raised about $95,000 out of $200,000 required. It will allow trading between native blockchains and offers cryptoequity to its owners in the form of BlockShares (which can earn Bitcoin dividends from trading fees on the exchange).
Unfortunately, the body of the post apparently appears as “” for other users besides myself. It seems like I’m being censored for some reason. Perhaps others can try and see if the text body shows up.
It says removed. Are Bitcoiners that paranoid about competing technologies? The best option may be to advertise on Reddit. I don’t see that thread getting upvoted even if it wasn’t censored.
True, it would be better to post it there, but it would also be great if the r/bitcoin mods got back to him. Let us know if you post it in r/cryptocurrency.
In this thread I created about Sunny King’s comments last week, I got into a small discussion with somebody about NuBits. They’re convinced our model will fail. I’m posting this here in case @Nagalim or somebody wants to respond to him. Also it’s important that we take outside feedback like this into consideration in case they have a point. Living in our own bubble is not helpful…
I left a comment with our Twitter account thanking him for writing about us and pointing out the price stability innovations we’ve created since our initial release (the post is awaiting moderation). @Sentinelrv’s History of Nu page is really useful to use as a reference in responses, along with our updated https://nubits.com/about/price-stability page that @masterOfDisaster suggested.
Has your comment gone through? I don’t see it. Someone in there also believes the supply continues to increase. A lot of this could be prevented if the whitepaper was updated by Jordan to factor in all of our advances.
