NuBitsOrganization
$30 million.
[Poll] FED coin or Hayek coin?
https://discuss.nubits.com/t/poll-fed-coin-or-hayek-co…/4264
The next revolution: “company over the blockchain” or “blockchained company”
Nu is the first "Company, Blockchained" or Co., Blk .
Now you can get to know when parked nubits get unparked. http://nuexplorer.ddns.net/charts/parked
This must represent the seed custodial grant that issued brand new #NuBits currency for the first time in history:
https://gist.github.com/KiaraTamm/c30172f9d5d73e970bf2
Long-Term Network Sustainability
As originally written by Jordan Lee in July 2015.
NuShares can be created and sold for NuBits so long as the price of NuShares is not zero. So, under what circumstances could we expect the NuShare price to become zero? There would have to be complete consensus that there would never again be demand for additional currency and NuShares would never receive a dividend in a new system such as B&C Exchange again. Over the last year, despite only ve...
Continue ReadingOne quick overview of important achievments
provided stable wallets for Windows, Linux and MacOS from the start
formed a formidable community with lots of talented and committed contributors
increased decentralization in may areas, e.g.:
transition (from centralized) to fully decentralized liquidity providing with NuLagoon as an MLP and several ALPs (formerly known as TLLP)
tier 4/6 liquidity to be moved to multi signature custodian group
had nubitsj created (Java implementation of the Nubits protocol)
had NuDroid created to provide a mobile phone app that allows storing NBT while paying with different crypto coins (thanks to shapeshift.io) - in addition to the coinomi wallet
created NSR grants
made tx fee dynamic
got listed to several high profile exchanges
handled 24h trading volume of above 1 million USD without losing the peg
proved that we can transfer the balances of a production blockchain into another production blockchain (is a way to shrink a bloated Nu blockchain if necessary)
proved how impressively effective motions are to achieve consensus
proof of concept for seeded auctions to link NBT directly to NSR in an ongoing process
achieved a nice price-profit ratio of roughly 24% thanks to PPC and BKS dividends
integrated data feeds to be able to delegate the voting behaviour to a data feed provider
"NSR holders not ownly own the corporation, they are effectively in control.
They can create grants, which issue NBT or NSR on protocol level or can create motions, which can create an "off-blockchain" consensus (the motions/votes are of course written in the blockchain, but except for the votes nothing happens on protocol level or with the blockchain).
In PoS systems there's always the ultimate way to find consensus by forking the blockchain.
As that can be a disruptive meas...ure, it's good to have a non-disruptive measure as well.
The NSR buybacks have nothing to do with manipulation as well as NSR sales have nothing to do with manipulation.
The stability of NBT is ultimately backed by the value of Nu, the sum of all NSR. If there's demand for NBT, which get sold for BTC, the redeemed value needs to be put somewhere to evade the volatity risks of BTC.
The answer is: put it in NSR (through buybacks).
If NBT demand declines, NSR get sold to buy NBT from the market (an additional measure to buffer temporary decline in demand is to offer park rates to remove NBT temporarily from circulation).
It's as simple as that and not maipulation. "
"I used poloniex. In fact I just held them on polo the entire time. Never even transferred them out. Decided to use them as a fiat proxy instead of tether."
A: If you don't intend to withdraw them, a lot of the advantages over fiat are indeed void.
In difference to using Tether there's no regulatory issues that need to be tackled when using NBT.
In difference to fiat, no KYC/AML practices need to be applied when using NBT.
You could just withdraw NBT to your wallet and have them safe from theft and exchange default.
If you find the time to register an address pair at NuLagoon Tube, you can exchange BTC<->NBT directly.
There's a lot liquidity at NuLagoon Tube 
"
A user trying to sell his 2kNBT
"I used poloniex. Those big buy orders arent always there. Sometimes they disappear. I would rather not trust that one or two whales are ensuring my ability to comfortably cash out."
Q: "They disappear when the BTC price moves.
They need to disappear, because otherwise they'd offer NBT at rates that are just not matching the BTC rate....
Liquidity is not offered by one or two whales at Poloniex, but (for the last months) offered by a mixture of different providers:
people who put their own money on the book for a compensation (the details would be too much for this post, but if you are interested in it, you can have a look at how "ALP - automated liquidity pool" works)
people who send their money to a provider, who puts them on the books ("MLP - managed liquidity pool")
funds from Nu reserves put there by bots
In total you find thousands of USD value each side.
The orders that are within 1.5% spread can be found here: https://alix.coinerella.com/walls/?4h
There's liquidity at Poloniex.
"
The liquidity is very different across exchanges.
At the moment Poloniex has together with NuLagoon Tube the biggest liquidity.
current Poloniex NBT/BTC orders (at BTC/USD ~ 450): http://i.imgur.com/p7n2BmB.png
NuLagoon Tube: https://nulagoon.com/
The 2,000 NBT could easily be converted to BTC at each of those two places.
Understand the Blockchain in Two Minutes [video]
A successful application & growing: #NuBits (DAC issuing stable currencies)
Understand the Blockchain in Two Minutes [video]
A successful application & growing: #NuBits (DAC issuing stable currencies)
Understand the Blockchain in Two Minutes [video]
A successful application & growing: #NuBits (DAC issuing stable currencies)
I did a presentation on NuBits/NuShares at the smart contract meetup in Tokyo. http://www.meetup.com/ja-JP/Smart-Contract/events/230311289
