What is this website about at all. Ddos packages? And i dont see much content where ads could be placed. Im not even sure what the website is selling.

And the backlinks... didnt you only run a software that posted your video on hundred of video hosters to get the backlink?

Last question... why not selling it on flippa? If this is legit then you would surely get more money than in a specialized forum like this, that doesnt have to do with the topic, as far as i see.

Ah, these things. Its really dangerous to live in the US. It seems no one there recognizes irony. They should at least check if there is anything that supports the claim he planned something like that.

Im happy that i do not live their not seldom.

I have no new info so far, though i didnt ask anykeywhy. I guess ill write anykeywhy an email now and ask if he has any news.

Yes, i have read that some say nubits are backed by NSR. Though even if you say that... what will happen if the price of nubits fall considerably under 1USD? The whole idea of backing them with USD was to hold the price stable. When this breaks away then i can ensure you that a big part of users will lose confidence and sell. Pushing the price even further.

Its simply a core idea for nubits. Or lets say THE core idea for everyone that comes to nubits newly. If you break that you will have a real mess.

Wouldnt you say that the value of nsr mostly comes from nubits too? What will nsr be worth when nubits would crash?

So 35k USD are ensuring that the price of nubits isnt crashing? I found that there are 636,408 NBT in existance currently. That means 5.5% of NBT are backed by USD now. Sounds like a small enough amount to make it possible to break the 1$ price rule. I mean nubits are promoted as the first stable cryptocurrency. Breaking that promise would be devastating.

Im not sure how burning of nbt or nsr could help there. Price for them still would be made by the markets and im not sure that all nubit users or market participants would think nbt is now worth 10% more when 10% nbt in existance were burned. Especially when the 1$-rule would have been broken. Why are you sure about that?

So maybe i misunderstand what happens when someone provides liquidity. Probably you buy nsr and your funds are used to fund the projects. Then you get "dividends" in the form of nubits?

Regardless of that... you create 9% value each month. Thats what you pay out as dividend. But these profits arent backed. Its a bubble that is forming dont you think?

So how can you back these high dividend payments. Even the future plans dont look to me like they could turn out a 108% profit each year.

Hm... guess there are smart people in every government. Unfortunately they stand too often against too many conservative politicians that fear the future and try to play on the lower tones of feelings of their voters.

I hope you succeed in the long term. Though i think thats somewhat inevitable.

Prison for an insult? Are you sure that you didnt miss something? I cant imagine that naming or insulting would possibly bring you into jail in the US. Even with hate speak, racist things or something. Nothing of that should be worth prison. Oo

Im not sure thats the right way to attack them. Most probably they arent the bums you portrait them here. The working poor in the US are a growing problem. Full time work and still poor.

Im not sure why you think its correct to work fulltime for an amount of money that will leave you back with nothing at the end of the month. They have all right to complain.

The biggest difference is that the funds they borrow cant be taken out of bitfinex since they only can be used to trade with them. So the risk is rather small. I heard with a good risk management that its possible to be relatively secure on btcjam too but trusting bitfinex might be easier.

I dont know. I only remember of occassional groupbuys for ATMs but not of companies presenting their ATMs here. I guess OP should know more and can contact the producer of his ATM as well as other producers. Guess thats something he might do since the topic is clearly worrying him.

I think you take me for another one. I never named you that way. I only know that trading doesnt work that way and i dont see how the software could decide so that its possible to make a constant profit.

Who locked it? Double spend only means you send two different transactions for the same coins. Normally only one transaction should win and being implemented in the blockchain. Who locked your account then? An exchanged?

And what should the warning above mean? Are double spent coins on the way through the normal blockchain?

Thanks for your answers. I read through it and through the posts on the other forum.

So what i see is that the value of nubits is bound to the USD. And the community stands behind it. Its artificially bound to this value. So in case a real bad news happens and nubits price comes under pressure... how big is the backing of nubits by USD? 10%?

So if 10% sell their nubits and the backing cant be hold then the value isnt bound to the usd anymore. It would become an altcoin, or even worse in value because community might lose trust in a panic way since the value was not determined by trust in the currency, how it is with other altcoins. The idea would be broken and trust would not be established.

I read some suggest nubits are backed by nushares. I dont get how this could back them. They are only voting rights. Maybe rights to vote on where to invest value in order to create dividends to nushares. Right? But at the moment no value is created, so besides the artificial usd backing price, there would be no more value than any other altcoin.

So what i see now is an altcoin that does not create value. The only value comes from investments, though value is created, the 9% monthly, that is not backed at all. You know... after some months you have a huge amount of nubits that arent backed anymore. And i really dont see which investments nushares should do in order to create that value.

Even after i read all that, im not convinced that its not a pyramid scheme, since at the moment it simply looks like one. The value is created by creation of corresponding theoretical value. If too many would want to use this theoretical value then all could collapse very fast.

Am i wrong?

I read its backed 1/8... and nubits are an altcoin. No established companies using and holding it that would not be able to go out of the coin fast. The majority will be traders and people that are able to act fast. Which could mean very well, that in the event of something bad happening, the reserve will be eaten pretty fast. Showing that the given value is not there anymore, which leaves the value on a level of trust and belief. Which might mean for an idea that broke, that it will be at zero fast.

I think your third link pictures what i think. Benjamin meant that the constant creation of nubits as reward for the liquidity provision is the reason why nubits ultimately will turn to a ponzi. Because nubits and nushares will never be able to create 9% profit monthly back. The plans i read, about nubitmessage and an exchange, i really doubt that you will be able to create 9%*12= 108% annual return with them. Even though exchanges create money, the market is pretty saturated in my opinion and you would need a good marketshare. Even then... backing ALL dividends paid with that exchange sounds not posisble to me.

So these creations of value through the provision reward are not backed now and wont be backed most probably. So the fractional reserve will become prozentually smaller the more rewards are created in the form of nubits. And the risk of not being able to hold the value of nubits is rising very much.

Nushares dilute in price because new nushares are minted so that the price of nushares is dropping constantly?

Ah ok. I already took part in many petitions but i think chances here are zero. Governments are way too far away from that and you will not even get enough signatures so that any politician will take a look.

Its even in the bitcoin area special. On top its for a certain country only. I dont see any chance at all, sorry.

Im generally a coder though i did not do much with java yet. Does the escrow have to check the sourcecode? Really?  Anyone who is doing that would have to be prepared for a serious amount of work.

Besides, im no security expert and would most probably not know all possible problems.

Arent doublespends automatically solved? Or does one have to check for these things too when receiving a transaction?

Till now i thought one transaction wins, and thats it.

So you sell a cashcow bringing in 7200$ each week for 100$ a month to others. Dont you think that doesnt make very much sense?

And it says 40 trades max. You have way more trades in your stats.

I know how attracting stories like youres can be, so im sure one or the other will still try it.

Please dont get too confident. It really might happen to have luck on the start but its similar to gambling. Please only bet small amounts. And only when you learned to read the psyche of markets, then you will turn from gambling to trading.

I learned it the hard way, so be cautious.

How does this work? Isnt tax only the vat that you have to pay for importing goods coming form the US into your country?

Normally it should be the same. Though maybe amazon has a store in your country that contains your goods so that it can ship directly from there? But even then... if purse instant would order for you then amazon would ship from there too.

So i dont get why there should be a difference in tax.

I think the reason is because every news about bitcoin WERE actually good news. There were no politicians or bankers that feared the impact of bitcoin because none of them realized how big this will become. So all the bitcoin nerds sat around and found their magical internet money mentioned in the news. GREAT...

*lol* I think i did exactly the same. Bought the minimum for both chaintypes and checked out how it works because someone claimed its working so great. Of course i had the same experience and my doubts were confirmed.  It became clear pretty fast that the initial investment wont come back.