Interesting. Would you have any sources?
As a starter:
Was?
You could claim that Bitcoin is a ponzi scheme.
If miners can’t sell 3,600 per day (6 block/h * 24 h * 25 BTC/block) the price drops until all collapses.
Bitcoin is (financially) only sustainable if fresh money enters the scene and creates BTC demand day after day.
Sounds strange, I know.
Feel free to invalidate that claim if you will.
But better don’t tell the rest of the crypto world - it might be perceived as an attack on a quasi religious belief…
I understand your point but don’t we have something similar with NuBits in the sense that we need to have constantly some liquidity providers to guarantee a peg?
in this sense, ponzi is every digital coin out there. moreover the whole economic world model can be perceived as a major global ponzi scheme
(a matter of perception)
exactly.
Just saw this comment about B&C under the Cryptsy thread on r/cryptocurrency…
Just spotted this comment on the rebit article: https://medium.com/@uploada/very-good-post-3422f3c11f0a
Erik Voorhees mentions Nubits:
Some coins have different attributes than Bitcoin (ie privacy in Monero or stability in Nubits)
https://www.reddit.com/r/Bitcoin/comments/3o6irs/what_is_the_point_of_altcoin_existence/cvuhoy1
BCDEX comment is much downvoted:
https://www.reddit.com/r/Bitcoin/comments/3o6irs/what_is_the_point_of_altcoin_existence/cvuiea5
On Linkedin Pulse: https://www.linkedin.com/pulse/nubits-better-fiat-synthetic-currency-julien-hamonic
(“Nubits is better fiat, synthetic fiat currency”)
The comments are very positive.
Nice article and love the positive reply.
Synthetic fiat is an interesting label for NuBits. Another is the one Sunny King recently termed, cryptofiat.
P Carl Mullan has a great number of followers on Twitter
This: https://mobile.twitter.com/pcarlmullan/status/652907220322123776
https://mobile.twitter.com/pcarlmullan/status/652907018995564545
It seems he liked the informative reply to his comment, so that means he read it and got the links to the history and information on our current status.
fancy getting downvoted? try here https://www.reddit.com/r/Bitcoin/comments/3ohq8i/if_the_price_of_bitcoin_is_always_changing_then/
Bitcoiners want stability but not now – i guess when it might wishfully have reached a couple of grands per BTC.
BTW, to which extent is this true or false?
In the comments of -> https://www.youtube.com/watch?v=NtPpnG48Dxw
(pointless to comment in the reddit thread in r/Bitcoin)
No NuBits in this Fintech landscape summary-- any plausible and reasonable reasonable?
Interesting and intriguing.