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Topic: Crypto Review - Cryptocurrency Analysis (Read 21511 times)

sr. member
Activity: 378
Merit: 250
September 25, 2014, 09:04:32 PM

You can find specifics or ask questions here:
http://discuss.nubits.com/

But the whitepaper gives the best overall description:
https://nubits.com/about/white-paper

Thanks.
I went there to read about it.
The concept is nice pity that is totally centralized like the FEDs
It says you need to have nushares to be able to create new nubits or to
park existing nubits in exchange to get interest but the this interest is payed in peercoins.
The nushres seems to be distributed among a close circle of people which are in control
of the currency.

I haven't found any info on how and where distribution of nushares was held. :-/
so I'm skeptical about this coin.


This is another thing that rubs me the wrong way, it was funded by private investors and there was no way for the average person to invest in the project. I'm not sure when anyone that wants to will be able to buy Nushares, I think you can only buy Nubits right now.

That is right. That's something I am a little annoyed about. I think it's something like 70% of 1 billion being actually sold at a cheaper price to people who have largely contributed to the project financially. I think it was like a minimum of 100k during this year.

So everyone with the money and who were prepared to take the risk could have essentially donated that much money to get this privilege. More people who contributed in other ways are second to get an opportunity.  Next 30% will be available in time for the others who sole interest will be financial and don't have anything 'at stake'.

About the centralization thing, I completely disagree. Consensus is required for the custodians to perform actions. It will be possible one day for the custodians to be completely autonmous too. Remove the small trust aspect which is what I hate right now.

I do agree though that it is like the fed, which imho isnt a bad thing. There is a reason the fed exists...

Quote
I think a transparent decentralised distributed (eventually autonmous) flexible voluntary cryptographic and digitalised fed literally controlled by the people in the economy using the 'money' is a great technology.

Milton Friedman is also a nobel prize economist who believes that the fed can be controlled by a computer.

You don't need nushares to create nubits, you need to be elected.
You don't need nushares to park nubits, the custodians will set the interest rates based on the consensus of the shareholders but anyone can park their Nubits.
Also, this interest is actually paid in nubits, the dividends for shareholders are paid in peercoins to the list of shareholder peercoin addresses which I think exists in the nushares blockchain.?
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
September 25, 2014, 10:35:53 AM

You can find specifics or ask questions here:
http://discuss.nubits.com/

But the whitepaper gives the best overall description:
https://nubits.com/about/white-paper

Thanks.
I went there to read about it.
The concept is nice pity that is totally centralized like the FEDs
It says you need to have nushares to be able to create new nubits or to
park existing nubits in exchange to get interest but the this interest is payed in peercoins.
The nushres seems to be distributed among a close circle of people which are in control
of the currency.

I haven't found any info on how and where distribution of nushares was held. :-/
so I'm skeptical about this coin.


This is another thing that rubs me the wrong way, it was funded by private investors and there was no way for the average person to invest in the project. I'm not sure when anyone that wants to will be able to buy Nushares, I think you can only buy Nubits right now.
hero member
Activity: 1110
Merit: 534
September 25, 2014, 09:47:50 AM

You can find specifics or ask questions here:
http://discuss.nubits.com/

But the whitepaper gives the best overall description:
https://nubits.com/about/white-paper

Thanks.
I went there to read about it.
The concept is nice pity that is totally centralized like the FEDs
It says you need to have nushares to be able to create new nubits or to
park existing nubits in exchange to get interest but the this interest is payed in peercoins.
The nushres seems to be distributed among a close circle of people which are in control
of the currency.

I haven't found any info on how and where distribution of nushares was held. :-/
so I'm skeptical about this coin.
sr. member
Activity: 378
Merit: 250
September 25, 2014, 05:35:25 AM

I'm hoping you've been reading up on nubits and nushares. Smiley

Hello
Hmmm Where? Do you have any links to this?
Can you post it here or send in PM.

Thanks.


You can find specifics or ask questions here:
http://discuss.nubits.com/

But the whitepaper gives the best overall description:
https://nubits.com/about/white-paper
hero member
Activity: 1110
Merit: 534
September 25, 2014, 03:33:01 AM

I'm hoping you've been reading up on nubits and nushares. Smiley

Hello
Hmmm Where? Do you have any links to this?
Can you post it here or send in PM.

Thanks.
sr. member
Activity: 378
Merit: 250
September 25, 2014, 02:54:22 AM
I'm hoping you've been reading up on nubits and nushares. Smiley

Yep I get the idea of it and think it is innovative, but I'm still letting it soak in before forming an opinion. It's similarity to the Feds kind of irks me in the wrong way right off the bat, but if it works as planned I think I could get over that... I mean.. I still use US dollars. Smiley

The real experiment with Nubits/Nushares is if the value of FIAT (or in Nubits case, quasi FIAT) can be maintained without the use of laws, regulation, and force. It will be interesting to see how it plays out.

I haven't had much time to update the website, but hopefully I can soon. I will be adding Nubits/Nushares.

Correct me if I am wrong, but NuBits works much the same as the Federal Reserve and the U.S. Dollar, except in a decentralized manner, with Nushares holders taking the place of the Feds. Just like FIAT, Nubits are not backed by collateral.

It sets interest rates to control the demand of Nubits, so when the demand is low it increases interest rates to prevent the price going under a dollar. When demand is high it prints Nubits to prevent the price going over a dollar. Market makers are used to hold the value of Nubits at one dollar  in the short term and provide liquidity, with the interest rate adjustments and printing Nubits holding the peg in the long term.

I think a transparent decentralised distributed (eventually autonmous) flexible voluntary cryptographic and digitalised fed literally controlled by the people in the economy using the 'money' is a great technology.

I have a vision of the eMunie system storing its 'usd' in nubits to avoid any trust regarding handling fiat.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
September 25, 2014, 12:07:01 AM
I'm hoping you've been reading up on nubits and nushares. Smiley

Yep I get the idea of it and think it is innovative, but I'm still letting it soak in before forming an opinion. It's similarity to the Feds kind of irks me in the wrong way right off the bat, but if it works as planned I think I could get over that... I mean.. I still use US dollars. Smiley

The real experiment with Nubits/Nushares is if the value of FIAT (or in Nubits case, quasi FIAT) can be maintained without the use of laws, regulation, and force. It will be interesting to see how it plays out.

I haven't had much time to update the website, but hopefully I can soon. I will be adding Nubits/Nushares.

Correct me if I am wrong, but NuBits works much the same as the Federal Reserve and the U.S. Dollar, except in a decentralized manner, with Nushares holders taking the place of the Feds. Just like FIAT, Nubits are not backed by collateral.

It sets interest rates to control the demand of Nubits, so when the demand is low it increases interest rates to prevent the price going under a dollar. When demand is high it prints Nubits to prevent the price going over a dollar. Market makers are used to hold the value of Nubits at one dollar  in the short term and provide liquidity, with the interest rate adjustments and printing Nubits holding the peg in the long term.
sr. member
Activity: 378
Merit: 250
September 24, 2014, 11:59:37 PM
I'm not sure why eMunie was removed. There latested teaser and soon to be beta is really packed and is looking at a marketplace, turing complete scripting language, decentralized exchange and web browsing just to name a few features. It's hugely innovative and i think it will sit uo there with bitshares x, nubits and nxt for innovation.

Also, i don't see skycoin there yet and I'm guessing you're waiting for more information regarding nubits/peershares?

I removed eMunie last week because there had been no updates in something like 6 months and when I visited their forums it was dead. Fuserleer reappeared from the dead today and posted an update. I mentioned it a couple posts up, but I will be adding it back to the list.

I grouped Peershares in with Peercoin since it's built on top of it and I gave a link to their page and mentioned it in the description/opinion.

Never heard of Skycoin or Nubits, I will look into them. EDIT: I will add Skycoin, but there isn't much information on Nubits yet.. I'm going to hold off on that one.

BTW- to everyone. I made a lot of edits and updates to the OP earlier today.

I'm hoping you've been reading up on nubits and nushares. Smiley
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
September 04, 2014, 04:02:46 PM
Hello.

Is simple and nice I have bookmarked it.
The only thing that I found strange was that the menu is on the bottom and not
on the top which took me some time (few visits on the page) to get used to it.

Another thing that I noticed is the contact form labels are wrapped  "Word Verification:"
 does not fit in one line like there is no enough space.
Is related to firefox on linux and in chromium I don't have the same issue.

The rest is fine Wink

Thanks for the feedback! I can see how having the navigation bar at the bottom could be confusing. I'll try to figure out how to get it on the top.. If not I can just change themes.

I noticed that about the form too.. On my browsers (iPad and chrome) it looks OK now. When I first made it the message field name was doing the same, so I guess I can probably do the same by shortening "word verification" to "captcha" or something similar.

Anyways, thanks for your opinion I will change those things. Smiley
hero member
Activity: 1110
Merit: 534
September 01, 2014, 05:05:02 PM

Any ideas or suggestions are welcome.

Hello.

Maybe you could make an external web page or blog
and put just preview (short description) in the OP for each coin
and then link it to this web page.


What do you think?

The list has been moved off of the forums to: http://www.cryptoreview.net

I also "re-branded" it as more of a general cryptocurrency review site, rather than only reviewing innovative coins. Let me know what you think of the new website- any suggestions are welcome!

If you would like to you can still keep an eye on this thread, because I will post here every time I add a cryptocurrency or make a blog post to serve as notification of some sort. I think this will be a good way to receive feedback as well.

If you would rather contact me through the website then there is a contact page where you can submit a cryptocurrency for review, let me know your opinion on a blog post or cryptocurrency analysis, or notify me of a factual error on this website. This goes straight to my email, so it is the quickest way to get a hold of me.


Hello.

Is simple and nice I have bookmarked it.
The only thing that I found strange was that the menu is on the bottom and not
on the top which took me some time (few visits on the page) to get used to it.

Another thing that I noticed is the contact form labels are wrapped  "Word Verification:"
 does not fit in one line like there is no enough space.
Is related to firefox on linux and in chromium I don't have the same issue.

The rest is fine Wink

legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
September 01, 2014, 01:45:43 AM

Any ideas or suggestions are welcome.

Hello.

Maybe you could make an external web page or blog
and put just preview (short description) in the OP for each coin
and then link it to this web page.


What do you think?

The list has been moved off of the forums to: http://www.cryptoreview.net

I also "re-branded" it as more of a general cryptocurrency review site, rather than only reviewing innovative coins. Let me know what you think of the new website- any suggestions are welcome!

If you would like to you can still keep an eye on this thread, because I will post here every time I add a cryptocurrency or make a blog post to serve as notification of some sort. I think this will be a good way to receive feedback as well.

If you would rather contact me through the website then there is a contact page where you can submit a cryptocurrency for review, let me know your opinion on a blog post or cryptocurrency analysis, or notify me of a factual error on this website. This goes straight to my email, so it is the quickest way to get a hold of me.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 29, 2014, 06:09:36 PM

Any ideas or suggestions are welcome.

Hello.

Maybe you could make an external web page or blog
and put just preview (short description) in the OP for each coin
and then link it to this web page.


Thanks for the suggestion, I might end up doing this eventually. Smiley
hero member
Activity: 1110
Merit: 534
August 29, 2014, 03:42:42 AM

Any ideas or suggestions are welcome.

Hello.

Maybe you could make an external web page or blog
and put just preview (short description) in the OP for each coin
and then link it to this web page.

legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 29, 2014, 01:49:46 AM
I tried to edit the OP to explain Bitshare's bitassets and I got this message:

"The message exceeds the maximum allowed length (64000 characters)."

Shocked Shocked Shocked

I can't believe the OP contains almost 64000 characters... lol

It looks like I will be moving this to a new thread when I make the next update. I was kind of wanting to do that anyways so I can organize it better. I am thinking about making each crypto currency a post in the thread, and then providing a link to each post in the OP. That way the list will be easier to navigate.

Any ideas or suggestions are welcome.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 29, 2014, 01:22:48 AM
I got eMunie and Zerocoin added back on the list and gave them ratings/opinions.

I also added a new rating:

REALLY RISKY BUY/HOLD - These crypto currencies are generally in development and are planning on doing an IPO of some sort. Even when crypto currencies are in development and doing an IPO, I still don't put crypto currencies in this category unless alarm bells are ringing that it may be a scam. I think these crypto currencies still deserve their spot on this list though because they have innovative ideas, and if they are not a scam then they will likely be successful.

Sorry eMunie, but you need to prove yourself and talk of planning an IPO doesn't sit well with me considering the past.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 28, 2014, 10:00:45 PM
I enjoy these reports. I just read what you said about "Huntercoin" and you are dead on. A polished game that is human mine-able can really take off.

I'm giving it a shot with "SkullCoin". The game is just something that I put together but it's not permanent. New games can be adapted to work with the "SkullCoin" model. Eventually we might create one that takes off.

"Skullcoin" hasn't even launched yet and is only trade-able on a decentralized exchange, so development is very early.



Awesome, I'll keep an eye on your project. I would love if someone made a better version of Huntercoin, good luck! The graphic looks cool fwiw.

I've been playing video games since I was a kid and into my adult life too. I would love to play a fun game that I can earn crypto playing.
full member
Activity: 126
Merit: 104
August 27, 2014, 11:33:06 PM
I enjoy these reports. I just read what you said about "Huntercoin" and you are dead on. A polished game that is human mine-able can really take off.

I'm giving it a shot with "SkullCoin". The game is just something that I put together but it's not permanent. New games can be adapted to work with the "SkullCoin" model. Eventually we might create one that takes off.

"Skullcoin" hasn't even launched yet and is only trade-able on a decentralized exchange, so development is very early.

sr. member
Activity: 378
Merit: 250
August 27, 2014, 10:06:27 PM
Another coin i have been following is simcoin. They are looking at confirmations in < 1 second! With all the security still intact. Ability to hold thin wallets, instead of the entire blockchain and the ability to truncate old transactions. Worth looking into.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 27, 2014, 05:20:44 PM
This list is extremely informative and appears to be completely unbias. It's come a long way. If i didnt sell all of my bitshares for a decent (but in perspective, horrible price) I'd support you as a delegate.

I got voted in, but am just barely in the #91 spot so I could use some more votes. Smiley

No worries about not being able to vote for me.. it's all good.

I am glad you found this informative, I try to remain as unbiased as possible.
sr. member
Activity: 378
Merit: 250
August 27, 2014, 05:10:21 PM
In case anyone didn't notice, I have added some coins on the "to be added" list the past week or so:

- Crypti (PoS variant- Proof of Time, Proof of Purchase, Proof of Merchant ID)
- Bitmark (marking and other neat features/improvements)
- Skycoin (a lot of innovations)
- Bitcoindark (... many features that other cryptocoin 2.0s have, their main innovation being "teleporting")

By the way.. if this thread has helped you (or you enjoy it), and you have some BitsharesX stake, please consider voting me in as a delegate on BitsharesX by typing this into the console: wallet_approve_delegate delegate.coinhoarder

This list is extremely informative and appears to be completely unbias. It's come a long way. If i didnt sell all of my bitshares for a decent (but in perspective, horrible price) I'd support you as a delegate.
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