NuBits release date announcement

I’m game.

I guess its time to buy some PPC.

Great news for the depressed PPCers!

7 days, I feel I cannot wait. lol

Congratulations, Jordan, Smike, Ben and all the Nubits team, and all PPCers.

Time to buy PPC indeed. Selling 5 bitcoins to buy more PPC. Just look at the PPC/BTC all time rate:
http://www.cryptocoincharts.info/pair/ppc/btc/btc-e/alltime

It’s a year since PPC last traded that low against BTC. Totally undervalued :smiley:

So, when NuBits comes out, there will be something for sale, which will be returned to shareholders via Peercoins, do I have that right?

Also, great work, I’m very excited!

Great job.

i think that one of the major reasons for the bitcoin’s low demand right now is its volatility.
volatility is great for speculators but bad for users that want to store wealth.
if nubits can solve the problem of volatility for bitcoin, it would be a huge game changer.
since it involves no counterparty risk (contrary to bitsharesx which is not capable to solve the volality issue btw), we can speculate that there is no derivatives involved.
in other words, holding the “coin” is enough to help stabilize its price.

think about it.
volatility is also caused by speculators selling and buying the right quantity at the right time, to manipulate the price.
but since those speculators represent only a fraction of holders, we can regard that manipulation as a form of centralization since it does not represent the majority.
if we can somehow sum up the totality of “votes” to represent the majority, manipulation is not possible, and therefore volatility is erased.
so i speculate that nubits uses a form of proof of stake or proof of storage, in which the network is able to enforce the trustless computation of all users’s bid and ask price…

news posted around:
https://bitcointalk.org/index.php?topic=784423.0

So I panic-bought 3000 PPC last night at the cost of 0.0017 BTC/PPC just after the release date was announced in FaceBook. PPC now trades at 0.00207 BTC/PPC. ;D

I can’t wait to see how it works, with some good marketing the NuBits innovation could really bring masses to Cryptos!

Sounds exciting! I’m trying to think about how I can speculate on NuBits: I guess since it pays dividends in PPC there should be some speculatory buying of PPC (obviously already happening… probably good for a 2x or 3x bump since the price is so low). But will NuBits support the PPC price long-term? Is NuBits a cryptocurrency in its own right? If so, how will it be distributed?

I’m also having a hard time thinking how the volatility issue is solved. The only way to have a stable price is to have a varying supply; the only attempt at this so far in the crypto-space is bitAssets in BitSharesX, which have been moderately successful so far (see https://bter.com/trade/BITUSD_USD), but still young and rough around the edges. I think I remember the NuBits team saying at some point that NuBits is completely different from BitSharesX. Are there any team members out there who would be interested in commenting on this?

Can’t wait! ::slight_smile:

[quote=“biophil, post:20, topic:2870”]Sounds exciting! I’m trying to think about how I can speculate on NuBits: I guess since it pays dividends in PPC there should be some speculatory buying of PPC (obviously already happening… probably good for a 2x or 3x bump since the price is so low). But will NuBits support the PPC price long-term? Is NuBits a cryptocurrency in its own right? If so, how will it be distributed?

I’m also having a hard time thinking how the volatility issue is solved. The only way to have a stable price is to have a varying supply; the only attempt at this so far in the crypto-space is bitAssets in BitSharesX, which have been moderately successful so far (see https://bter.com/trade/BITUSD_USD), but still young and rough around the edges. I think I remember the NuBits team saying at some point that NuBits is completely different from BitSharesX. Are there any team members out there who would be interested in commenting on this?[/quote]
All details will be revealed on 23rd, but check out David’s post here earlier today regarding distribution of Nubits to answer at least one of your questions. I suspect there are more hints to come in days to launch.

Will NuBits represent the first live implementation of Peershares?

Yes, as far as I’m aware NuBits will be the first customized implementation of Peershares.

Our team has been contacted by a couple companies who are interested in utilizing Peershares for their own operations, so you may see other Peershare implementations down the road by those groups.[/quote]

How do we buy nubits? With ppc or btc?

[quote=“Cybnate, post:22, topic:2870”][quote=“biophil, post:20, topic:2870”]Sounds exciting! I’m trying to think about how I can speculate on NuBits: I guess since it pays dividends in PPC there should be some speculatory buying of PPC (obviously already happening… probably good for a 2x or 3x bump since the price is so low). But will NuBits support the PPC price long-term? Is NuBits a cryptocurrency in its own right? If so, how will it be distributed?

I’m also having a hard time thinking how the volatility issue is solved. The only way to have a stable price is to have a varying supply; the only attempt at this so far in the crypto-space is bitAssets in BitSharesX, which have been moderately successful so far (see https://bter.com/trade/BITUSD_USD), but still young and rough around the edges. I think I remember the NuBits team saying at some point that NuBits is completely different from BitSharesX. Are there any team members out there who would be interested in commenting on this?[/quote]
All details will be revealed on 23rd, but check out David’s post here earlier today regarding distribution of Nubits to answer at least one of your questions. I suspect there are more hints to come in days to launch.[/quote]

Would Nubits introduce a dedicated currency (nubit) to reward the nodes for stabilizing the market(s)?
In that case, what would be the role of peercoin?
Jordan said that much of the rewards would be delivered via peercoins…which implies that a portion of the rewards would be delivered via another currency…
If this is true, we can speculate that there will be some sort of fixed exchange rate between peercoin and nubit in that case…
Just speculation though.

Great work guys, PPC will start rocking now!!!

前排就座。等待看看这是什么东西哈哈。
为什么没有其它语言的人来捧场?

First big change in the cryptocurrency market since the mtgox stuff. Exciting times!