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Author Topic: Nubits the longest run pegged cryptocurrency has lost its peg  (Read 611 times)
sdp
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June 19, 2016, 06:16:30 PM
Last edit: July 21, 2016, 01:26:56 AM by sdp
 #1

Nubits,  had been a cryptocurrency that kept its value with the USD,  has now lost its peg.   It had been working for two years and now one nubit is worth one quarter each.  

Can nubits recover its peg?   How?   What can the next implementation of a pegged currency do better?   Can we trust bitUSD or tether coin?   Why?

sdp

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Rick M
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June 19, 2016, 07:09:01 PM
 #2

Im far from economics n tech side...but take a look at those articles here
https://steemit.com/crypto-news/@steempower/nubits-not-a-price-stable-currencies-and-bc-exchanges-nbt-based-development-fund

Nubits n tether is a kind of trust in my opinion....bitshares works with strong collateral.....
Of course Im a supporter of bts n bitusd bitbtc Grin
But take a look at nubits forum n bitsharestalk to make your mind, of course if a a pegged asset survives in big volumes n market depression with perfect peg it gives credibility
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June 19, 2016, 10:11:03 PM
 #3

Read up on how the BitShares project works and it will help understand the fundamental differences between NuBits and BTS.

https://bitshares.org/technology/price-stable-cryptocurrencies/


See: https://bitsharestalk.org/index.php/topic,22576.0.html for a cool project working to integrate crypto into a stores point of sale system.
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