Many of you here (including myself) originally came here from Peercoin hoping for a network where we had more say in matters through fair voting and because we had a unique product to sell that could be highly useful to people in the form of a dollar pegged cryptocurrency. I had high hopes for this network and everything it was trying to accomplish.
However it has become clear to me now that we were all being played and taken advantage of. Nu has been one big lie since the very beginning and we all fell for it. The whole thing is one big scam designed to cheat people out of their money, both NuBit holders and NuShare holders. Phase 1 of the scam was a success for JordanLee/Phoenix. Now with the money he earned from phase 1, he was able to purchase a majority stake in the network and can do whatever he wants, while pretending shareholders still have a say by publicly asking them to vote for his motions and grants. He’s putting on a show for anyone looking in from the outside who doesn’t understand our history.
He is now preparing for phase 2. Restore a peg that he crashed on purpose. Treat himself to massive NuShare bonuses for restoring the peg so he can expand his control over the network even further than it is now. Introduce multiple new products that he can then use to scam an even greater number of people with. I don’t know where the end point for this scam lies or how far he thinks he can take it, but it will most likely end with currency holders and minority shareholders losing all their money. If millions of dollars in new currency are sold, most of those millions can go straight to Jordan via the dividend mechanism. He most likely wants to expand operation as far as possible before he takes profit.
I can’t be part of this anymore and I plead with those of you who are still involved (especially if you are public with your identity) to wake up and realize what is going on here and the fact that Phoenix is not your friend. He is using all of you to get what he wants and you may be held responsible as an accomplice for what happens in the end. Leave now while you still can.
Come back to Peercoin where nobody is trying to manipulate or scam you. Check out what we’re doing with the PeerAssets protocol. It is being designed as a replacement for Peershares, except all DAOs will work under the existing Peercoin network. It started out as a simple protocol for asset issuance, voting and dividends, but has morphed into something far greater. You’ll be able to create any rules you want with the PA protocol, allowing something like Nu or B&C to be recreated on top of Peercoin or any other type of DAO that you want.
For those of you who still believe Nu could be done correctly by supporting only USD pairs without involving BTC, it can most likely be done with PeerAssets and without the destructive influence of JordanLee/Phoenix. Even rules for parking rates and other advanced things can be written. One of our developers (hrobeers) is actually going to create a DAO that uses proof-of-stake on the assets themselves, all on top of Peercoin. Separate Peershare networks will no longer be necessary, especially the funding it costs to keep each network’s protocol updated. The main Peercoin developers will take care of protocol updates, while asset creators can focus entirely on managing their DAOs. And each DAO created on top of Peercoin will make the overall network more useful and valuable, as well as the fact that any asset transactions will cost Peercoin in fees, working as a deflationary force on the money supply.
There is no reason for you to stay here and continue to be abused by JordanLee/Phoenix. Come back to Peercoin where we now have active development, a complete rebranding of our logos/websites and soon the ability to create your own DAOs on top of the chain. Check out https://peercoin.chat/, where most discussion happens nowadays. The peercointalk forum still needs to be rebranded and the forum software needs to be upgraded, so check out peercoin.chat instead. Search for and join the #peerassets channel and one of the developers can help answer any of your questions.
