|
Title: How Can NuBits Be Used? Post by: BIT-Sharon on January 05, 2015, 08:59:04 AM No other digital currency on Earth has the same versatility as NuBits.
https://nubits.com/ Title: Re: How Can NuBits Be Used? Post by: CryptoClub on January 05, 2015, 09:13:25 AM No other digital currency on Earth has the same versatility as NuBits. https://nubits.com/ In theory you could sell BTC to Nubits when Bitcoin is high, and buy when Bitcoin is low, without using USD. BitUSD would also work that way. Both have effective pegging systems that have stood up well with these momentary panics. (over 100 days at least) Title: Re: How Can NuBits Be Used? Post by: Mageant on January 05, 2015, 09:50:57 AM You could run an cryptocurrency exchange without any bank accounts.
Title: Re: How Can NuBits Be Used? Post by: pragmatic gut on January 05, 2015, 11:31:45 AM Nubits requires trust by using a custodian.
The highest goal in crypto would be a "trustless" system. This is why I believe Nushares is short lived. Bitshares with BitUSD is superior ... a trustless system .... .... but Bitshares is very confusing to most. So, Nubits may take hold for awhile. ...but, I think crypto is way beyond a nubits model .... this is just a temporary patch ..... .... Truthcoin will one to on the lookout for .... its being developed by some heavy weight developers tightly held within an Ivy League type group ... ... I would be careful to not go too long with Nushares .... but it might be a good small hedge same as a Ripple hedge ...it certainly would be better to park you Bitcoin in Nubits than to leave it on an exchange when prices are moving wildly |