Optimal timing for @jooize to hold some presentations at conferences. @jooize is anything scheduled anytime soon? You were very enthusiastic about it a few weeks ago. Any chance we get to see a passionate presentation from you? I think it’s time for @Phoenix and @jooize to agree on a big bonus should they be able to re-establish the peg. They’d really deserve it.
Everyone in this thread should check the history of Nu. It is about theft, insider trading at its best, zero transparency about payments to employees and contractors, front-running (Nushare buybacks and Nushare sales can be timed by one single person, think about it 
), banning critical voices… The list goes on.
Nubits is an interesting project. It lacks vision and professional leadership. The problem is that @jooize and @Phoenix pull a lot of money out of the system without anyone taking notice (unless you thoroughly think about all the relevant processes and the auditing measures (zero!!) in place). They argue that self-interest is what ultimately should make Nu successful. The problem is that Nu needs to be raised like a baby. It requires unselfish parents who wait until the baby grew up and can stand on its own. Only then might the baby turn into a rich person later on that is keen to pay back to its parents big time.
@Phoenix introduces bonuses like options, throws around other cash bonuses, and raises hourly rates. Its comparable to teaching a 6 months old Chinese, theory of relativity and a few other challenging things at the same time. Wrong incentive structures and so on and so forth.
Last time they had an excuse. There was a group of people anticipating the crash. In anticipation of the crash that group of people changed liquidity provision policies. The crash came nonetheless. @Phoenix, who back then emptied reserves and cashed in a lot of money, argued that the crash was due to changes in policies while the group argued that the crash was inevitable anyway. @jooize, receiving frequent shady payments from @Phoenix, jumped in to defend @Phoenix.
In the real world we all know consequence were due right now. @Phoenix and @jooize would be fired. The problem is that the distribution of Nushares was, has ever been, and will always be shady. Motions putting @Phoenix under pressure don’t get through. There are two ways to interpret that. @Phoenix insists on being indispensable and “shareholders” would acknowledge that.
Even if they were to be replaced, it will be hard to find someone to take their place, unless that person may also stay anonymous. It is not known who @Phoenix is. There is not a tiny piece of information available about him and there are very good reasons. You can imagine that the business @Phoenix is doing when it comes to Nu always puts him with one foot into jail. Especially the insider trading practices are what put him at risk. While the same applies to @jooize, it is relatively certain that he is publicly known.
You all should know that @jooize earns thousands and thousands of dollars from Nu while you are all afraid of losing your hard earned crypto assets. There is no transparency about those payments. I once read that there have been “payments to contractors” in the amount of $40,000 dollars within a matter of weeks when there was no development going on whatsoever. Back then @sigmike and @woolly_sammoth explained that they don’t even account for a single percentage point of that amount. They are the only developers of the network. It would have made at least a bit of sense if they were the ones who received the money. They didn’t.
@jooize never explained where that money went, and he claimed that there is a right to keep those payments private. Beyond doubt, the money was taken from the Nu network. Ever since I decided that Nu isn’t anymore a funny organization that I could make jokes about. Back in that moment it turned into a highly criminal business that I would never want to engage with again.
To anyone here, be careful about your decisions. It is possible that Nubits get back to $1. Be prepared for large bonus payments for peg restoration even though @jooize destroyed it in the first place. Be prepared to be diluted if you are a Nushareholder in a way that is unfair and unjustified. Be prepared for @Cybnate to jump in to tell you that we all knew this is only an experiment (she get paid by Nu). Be prepared for @woolly_sammoth to become more active and defend the network. He is paid by Nu very significant amounts of money (admittedly, he is working a lot for the network and creates value on the development side of things). Be prepared for @Phoenix to crush you all again. Be prepared for @jooize to demonstrate his lack of experience, leadership, damage control abilities, and his biggest weakness: his lacking ability to put self-control over greed. @jooize and @Phoenix always considered Nu the perfect cash cow.
Good luck to everyone!
Yours,
MrBrean
