In just over 5 days, the funding period will end for Teehe's Peershares based sports book and casino. As of March 25th, $44,000 has been raised. In case you are still hesitant about purchasing Peershares from them, there is a detailed thread on the NuBits forum where the community has asked a lot of questions and informative answers have been given. Please take the time to read this over in these final days. https://discuss.nubits.com/t/ipo-teehe-dao-sports-book-and-casino-based-on-peershares/1734 |
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Just in case people are unaware, this project was created by Peerchemist (the creator of Peerbox) along with help from one other unnamed community member. This is an important fact for potential investors to know because Peerchemist has a solid reputation in the Peercoin community, which lends immediate credibility to this project. Also, judging from his work on Peerbox, you can be sure that security in Teehe will be a high priority. https://www.peercointalk.org/index.php?topic=3999.msg38285#msg38285 |
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The creator of Peerbox has announced an IPO for a new Peershares based DAO, which will function as a sports book and casino. More details can be found at teehe.net and questions can be asked in this thread. You can also read their prospectus and business plan. |
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So what you are saying is that in the end, we have have to trust some secret guys behind closed doors to do the right thing. Sounds like another system I heard of, the FED. Luckily everyone trust the FED to do the right thing?!?
Absolutley not. All shareholder discussion is available publicly on our discussion forum... https://discuss.nubits.com/There is nothing secret going on behind closed doors. In fact, this is the beauty of NuShares. Anyone around the world can participate freely and openly and help make decisions on behalf of the network through their voting power. What you can trust, is that if NuShareholders mess up in any way that causes the failure of the peg, they will lose their investment. This ensures that shareholders are very careful when making decisions about the network and voting. |
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I'm not completely up to date on the NuBits forum, but from what I understand Jordan Lee designed NuNet to have zero counterparty risk and zero reserves. They're trying to create a market for liquidity providers, lots of people that will end up providing their own money for liquidity operations. Again, I'm not completely up to date, so try checking out the forum and make up your own mind. Check Jordan's post here about reserves... https://discuss.nubits.com/t/regarding-reserves-and-fractional-reserve/1126 |
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ppc dying?
No. The decline in price is because it's following Bitcoin, which has taken a nosedive recently. |
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I just wanted to comment that Sigmike (who designed this solution along with Jordan Lee) is a core developer for both NuBits and Peercoin. Sunny King has reviewed it and approved this change in Peercoin and it will be supported in the next version when it releases, which will be v0.5. |
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Peerbox v0.24 is available for download and now supports 2FA and Google Authenticator
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Exciting news everyone! Peercoin is now accepted at EVERY Bitcoin merchant by using the new ShapeShift Lens browser plugin. Find more information on how to use it by checking out the following link and watching the video... http://www.shapeshift.io/lens.html |
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Also Sunny King's weekly update #115... Weekly Update #115 - Bitspark (http://www.bitspark.io/), a new exchange based in Hong Kong begins trading support of Peercoin and Nubits.
Have fun! |
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This was posted on our forum. I thought I'd post it here for anybody that was interested in purchasing a copy... |
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Sunny King's Weekly Update #114 http://www.peercointalk.org/index.php?topic=3532.msg34151#msg34151Weekly Update #114 - Since the release of Nubits, the exchange peg of nubits to USD appears to be working so far. It must be noted that, the fact that due to the peg it's under political control (fiat inflation) to some extent, is actually quite superficial. This is because, the pegging mechanism can be used to commodity money as well, especially gold. The fact that the project issues USD equivalent first is likely a market driven decision, as USD remains the dominating currency in the world.
- Also, Nubits inherit privacy features of bitcoin, thus having privacy properties very close to fiat cash. Let's recall that during Internet 1.0, David Chaum had a project known as digicash/ecash, which focused on anonymity of digital fiat. The project failed primarily due to political obstacles. But it was a big deal back then, as that was the only known way to preserve privacy in money at the time. That was before bitcoin brings decentralization technology to the market. It is decentralization that allows the market to freely launch currency projects without official support from banks and governments.
- Notably, Nubits now has achieved similar goals of ecash, despite having different compromises in its properties. And thanks to decentralization, nubits is now circulating in the market, while the other pioneers of market-driven digital currencies, ecash and e-gold, languished in the footnote of history.
Chronology:
1995 digicash/ecash, anonymous digital note
1996 e-gold, digital gold note
2009 bitcoin, decentralized digital currency
2012 peercoin, energy efficient decentralized digital currency
2013 peershare, decentralized autonomous/anonymous company
2014 nubits, decentralized pegged digital noteHave fun! |
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