http://digiconomist.net/details-and-shortcomings-of-nubits/
Topic: How to profit from the upcoming NuBits launch (Read 5437 times)
yes its #2.
After reading the white paper the first time, I didn't get it. Then I read it 2nd time more slowly, and I think its the most intelligent white paper I've read since Satoshi's white paper.
After reading the white paper the first time, I didn't get it. Then I read it 2nd time more slowly, and I think its the most intelligent white paper I've read since Satoshi's white paper.
where is nubits thread ?
what is the world is ppc? Newbie here 
(Price per click?)
(Price per click?)Peercoin (PPC)
You can see a price chart and links to information about it here.
https://coinmarketcap.com/currencies/peercoin/
Thank you sir
what is the world is ppc? Newbie here (Price per click?)
(Price per click?)Peercoin (PPC)
You can see a price chart and links to information about it here.
https://coinmarketcap.com/currencies/peercoin/
Number 2.
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
What kind of a jump in price could we expect PPC to make? Is it too hard to tell?
To $5. And everybody knows this.
$5 is completely possible, but that's close to 4 times its current value, and that's an unusually high 1-day jump for a mature crypto (show me examples if I'm wrong). Maybe PPC doesn't have the network effect that I think it has, and as such it is more susceptible to flash pumps than I think it is.
In any case, I'm increasing my PPC exposure ahead of the launch, but when NuBits goes live I'll have 75% of my PPC holdings in ask orders, mostly below $4. Regardless of how high it jumps immediately following launch, I'd be extremely surprised if PPC demand from NuBits will be enough to sustain PPC above $2 for long. I'll re-evaluate this opinion once I read the whitepaper, but right now I'm expecting we'll hit at least $3 in the coming week and be back below $1.50 two weeks from now.
that was a joke. Nobody knows how high the price will go or not. Maybe the price crashes to 10Cents. Who knows. I am 100% long. I take the risk. (no risk, no fun)
what is the world is ppc? Newbie here (Price per click?)
(Price per click?) Number 2.
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
What kind of a jump in price could we expect PPC to make? Is it too hard to tell?
To $5. And everybody knows this.
$5 is completely possible, but that's close to 4 times its current value, and that's an unusually high 1-day jump for a mature crypto (show me examples if I'm wrong). Maybe PPC doesn't have the network effect that I think it has, and as such it is more susceptible to flash pumps than I think it is.
In any case, I'm increasing my PPC exposure ahead of the launch, but when NuBits goes live I'll have 75% of my PPC holdings in ask orders, mostly below $4. Regardless of how high it jumps immediately following launch, I'd be extremely surprised if PPC demand from NuBits will be enough to sustain PPC above $2 for long. I'll re-evaluate this opinion once I read the whitepaper, but right now I'm expecting we'll hit at least $3 in the coming week and be back below $1.50 two weeks from now.
Number 2.
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
What kind of a jump in price could we expect PPC to make? Is it too hard to tell?
To $5. And everybody knows this.
Number 2.
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
What kind of a jump in price could we expect PPC to make? Is it too hard to tell?
Do we get to find out what nubits is at 14:00 UTC, or are we just expected to buy it then?
I have no idea, what Nubits is. It seems to be some kind of trading bots which needed a lot of PPC (they adressed the big PPC holders) to keep the price stable. NuBits seems to be a fork to PPC. And this big holders have no risk because of the trading bots (except a default of the trading website), but they get some compensation. In form of PPC? How do they make money?
I expect the price of PPC will be really volatile on 14:00 UTC.
I expect the price of PPC will be really volatile on 14:00 UTC.
Only Peercoin? I would have expected them to support Primecoin too. A 50 - 50 split like Bitshares did with Protoshares and Angelshares.
Only Peercoin thus far. I haven't seen Jordan show much interest in Primecoin. Peercoin is far more developed at this point.
NuBits is a Peershares implementation; part of the original story of Peershares is that any Peershares chain would pay dividends in PPC; no mention was made of Primecoin.
Only Peercoin? I would have expected them to support Primecoin too. A 50 - 50 split like Bitshares did with Protoshares and Angelshares.
Only Peercoin thus far. I haven't seen Jordan show much interest in Primecoin. Peercoin is far more developed at this point.
Only Peercoin? I would have expected them to support Primecoin too. A 50 - 50 split like Bitshares did with Protoshares and Angelshares.
Has anyone said what it will be stable against? I assume it's the US dollar, but no fiat currencies are ever completely stable against each other.
Number 2.
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
It has been confirmed that the NuBits network will have shareholders. Shareholders will be paid only in Peercoin. So Peercoin going back to it's per-announcement levels makes zero sense because as the NuBits network grows and starts paying out more and more dividends, more and more Peercoin will be used to pay the shareholders! In other words, Peercoin is going to be used for something far more than it ever has so far.
Also, for those who don't know what NuBits is about:
nubits.com is the site and countdown. All the information will be available there on Tuesday.
And this article gives a decent overview of the story:
http://www.coinssource.com/nubits-revealed-three-days/
I'd like to start a discussion regarding the NuBits Launch in a day and a half. For those unaware, NuBits is a project (headed by Jordan Lee, I believe) from the Peercoin community that purportedly will cure the volatility of cryptocurrencies and create a price-stable altcoin. The devs have disavowed any similarity to the BitUSD project from BitSharesX. At this point, nothing is known about NuBits except that it has some high-quality people on the project. The BitShares community apparently believes that NuBits is all about creating trading bots that will stabilize prices; I suspect it's something considerably more than that and will likely be one of the hot cryptos of the 2nd half of 2014.
The question is: how can I make money off it? The NuBits announcement last week was responsible for the surge in PPC price recently; fortunately, I heard about the announcement just hours after it came out and had the good luck to buy a few PPC ahead of the pump. NuBits has done no public fundraising, there was no ICO/IPO, and nobody knows how it will work except that somehow it will pay dividends in PPC. Dividends to whom? Nobody knows.
So I want the community's opinion on this. I see several possibilities:
1. NuBits will be price-stable, so buying NuBits on launch will have essentially zero upside. If this is the case, don't bother buying NuBits.
2. NuBits will somehow cause a further increase in the PPC price. Maybe it's something like BitSharesX, where the creation of NuBits entails putting PPC in collateral; in that case, to profit on NuBits, buy loads of PPC.
3. PPC will only be peripherally connected to NuBits, and after launch and the release of the whitepaper, PPC prices will crash back to their pre-announcement levels and anybody following strategy (2) will be holding the bag.
4. NuBits themselves will not be price-stable, but will enable some kind of ecosystem in which price-stable assets exist (think BitSharesX). If this is the case, buy NuBits on launch!
The problem is that (2) and (3) are mutually exclusive, and (1) and (4) are mutually exclusive. What do people think will actually happen?
The question is: how can I make money off it? The NuBits announcement last week was responsible for the surge in PPC price recently; fortunately, I heard about the announcement just hours after it came out and had the good luck to buy a few PPC ahead of the pump. NuBits has done no public fundraising, there was no ICO/IPO, and nobody knows how it will work except that somehow it will pay dividends in PPC. Dividends to whom? Nobody knows.
So I want the community's opinion on this. I see several possibilities:
1. NuBits will be price-stable, so buying NuBits on launch will have essentially zero upside. If this is the case, don't bother buying NuBits.
2. NuBits will somehow cause a further increase in the PPC price. Maybe it's something like BitSharesX, where the creation of NuBits entails putting PPC in collateral; in that case, to profit on NuBits, buy loads of PPC.
3. PPC will only be peripherally connected to NuBits, and after launch and the release of the whitepaper, PPC prices will crash back to their pre-announcement levels and anybody following strategy (2) will be holding the bag.
4. NuBits themselves will not be price-stable, but will enable some kind of ecosystem in which price-stable assets exist (think BitSharesX). If this is the case, buy NuBits on launch!
The problem is that (2) and (3) are mutually exclusive, and (1) and (4) are mutually exclusive. What do people think will actually happen?
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