Topic: [PPC] Peercoin - Indicium Logo & PeerAssets Diagram Released - page 12. (Read 50012 times)

As I understand it a portion go to people who have demonstrated they will be good for the network, a portion will be provided to whoever will pay, and after that they will be on exchanges and sold/traded just like any other crypotcurrency.

so only "people who have demonstrated skills that will be helpful to the advancement of the network" can buy nuShares and typical buy should be 9000 nuBits (USD)?

This is all the information we have on NuShares distribution:

http://discuss.nubits.com/t/undistributed-nushares/125

sorry about noob question, but how can I obtain nuShares?

Forget about rumours, PPC is going to be the second biggest market if NuBits succeed! And I think it's going to succeed, GOOD JOB!

Only if literally every single person sells 100% of their dividends, which is unlikely to happen. Especially if NuBits is showing success and the system is growing.

Nu is a clever system, but as soon as its details were revealed, it was obvious that it isn't going to have any direct impact on the PPC price. Sure, it will pay dividends in PPC, but that's not a net buying pressure. It could indirectly help PPC price by bringing new people into the ecosystem, etc, but paying dividends in PPC creates selling pressure (people cashing their dividends out) which exactly cancels out the buying pressure that comes from the Nu system acquiring the PPC in the first place.

There is a lot of info and questions answered on the NuBits forum. Check it out...

http://discuss.nubits.com/

I like the idea behind Nubits but I have to admit that I can't really understand everything. But I understand that there will be nuShares, which get minted like bitcoins and there are nuBits. NuShares own the network. They get traded like other currency and the price gets determined through supply and demand. The nuBits are the currency and get set to 1NBT = 1USD. To keep the NBT to $1 there are custodians. Custodians get elected by the owners of the NuShares (-> I think by the ones which creates a block). They give the custodians an amount of new nuBits to create big sell walls at $1. -> So the price can't increase. On the other hand, if the price wants to decrease, the network offers nuBit owners an interest rate to park their nubits on a specific address (supply decreases). Should the price decrease through a sudden crash in demand, people which sell at <$1 will always lose and people who buy at <$1 will always win. Because in a matter of time the price will stabalize at $1 again. The network (holders of nuShares  calles Nu) get a revenue. If they chose to create new nubits, they get sold for $1 each. That revenue gets paid in PPC only so they have to buy PPC from the revenue in dollar.

At this point I don't really know what exchanges get chosen and how the electing works, but I keep reading later

I love the bit about BTC-e, exactly what was happening in the trollbox. If people bothered to stay informed, they'd be watching the peercointalk.org chat and would learn fast that there's a problem with the https version. Out of ignorance many people started panic-selling, making other people relly happy. But that's just a side story.

It's time to dig into the true story, as NuBits exhibit a great potential. Don't rush into things, check and understand the mechanisms to avoid surprises and panic.

I'm getting ready to give it a read and see what I can pull out from it. I see that Cryptsy has just added PPC/USD trading yesterday as well, now might be the time for me to stop slacking and buy some Peercoin when I have the chance. I think right now it's a good way to hedge some funds instead of just being invested into BTC.

The secrecy was to retain first mover advantage. As was said, read the whitepaper in full and maybe you'll change your mind.

1. The site was not working correctly for the first 10 minutes or so.

2. BTC-E loves to make everything look like  scam for a flash crash, so they can buy cheap.

3. NuBits is an involved project that requires time to digest. At a super quick glance, it doesn't look like anything special. Whereas the first two pages of the whitepaper make it clear this has never been done before.

Classic buy the rumor sell the news. The fact that the details were kept secret pretty much sends the message (intended or not) that the news may not be live up to the hype. This indeed, turned out to be true.

5 Minutes after NuBits rel, PPC Crash from 0.038 to 0.030 
Why??

From a quick read sounds just like a pegged asset. Have to see if it holds in the face of volatility.

It took me several days to digest all that info. Take your time guys. By the way, here is an interview with Jordan Lee from TheCoinFront...

http://thecoinfront.com/an-interview-with-nubits-head-developer-jordan-lee/

Read the whitepaper. It will take a while to sink in..

https://nubits.com/about/white-paper

What in particular do you find messy?

They're just having a little problem. It will be fixed soon.