NuBits as a payment method in LocalBitcoins.com

I’ve been using LBC for a couple of weeks now and it works conveniently. No problems so far. They have many payment methods for the fiat transfers. SEPA is one of them but then there are options such as PayPal. I figured that essentially NuBits could be another payment option, so I created this topic in their forums: LocalBitcoins.com — 404

So here's a cool idea, add NuBits as a payment method. It's essentially risk free because transactions cannot be reversed and 1 NuBit always costs 1$. Please read about NuBits here: nubits.com

Just look at coin market cap (coinmarketcap.com/…/#charts) and you will see that NuBits has been successful for more than over a month now at holding the price at 1$. They have bots in place and quite a complex system for that. I am a small shareholder of NuBits, I own 700k NuShares and currently 1000 NuBits which I have parked. Parking gives you interest for the NuBits you have parked. At current interest rates it seems that you get 0.1 NuBits for parking 1000 of them for 7 days.

So, what do you think? I think it makes sense because when I am selling bitcoins I’d rather receive nubits than fiat money. The only problem is that there might be not many customers willing to pay with nubits to buy bitcoins. The latter, however, may change in the future.

When I click the link I don’t see your message. Anybody else?

+1

+1[/quote]

same here, tried searching for the topic, but nothing about nubit, just some things about other payment methods, maybe the post got removed, no idea why tho

What the hell, it’s gone. Nothing. I guess admins deleted it for some reason. Very strange.

edit:
I created a new topic asking why my post was deleted:
https://localbitcoins.com/forums/#!/general-discussion:my-topic-about-nubits-was-d

[quote=“Hyena, post:5, topic:3048”]What the hell, it’s gone. Nothing. I guess admins deleted it for some reason. Very strange.

edit:
I created a new topic asking why my post was deleted:
https://localbitcoins.com/forums/#!/general-discussion:my-topic-about-nubits-was-d[/quote]

Be deleted again.

[quote=“lg15x, post:6, topic:3048”][quote=“Hyena, post:5, topic:3048”]What the hell, it’s gone. Nothing. I guess admins deleted it for some reason. Very strange.

edit:
I created a new topic asking why my post was deleted:
https://localbitcoins.com/forums/#!/general-discussion:my-topic-about-nubits-was-d[/quote]

Be deleted again.[/quote]

Some admin answered and stated a plausible explanation. Anyway, I’m quitting LBC now that I have seen it’s not possible to profit from arbitrage between stamp and LBC. People who sell btc at LBC are not getting any profit, I wonder why they even trade there. LBC takes 1% fee and the trader gets typically 0.6%. Stamp takes 0.5%, making 0.1% profit not reasonable considering USD/EUR fluctuation.