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RE: Nubits reaches a new low of 45¢
Do you understand what happened that has caused this? I don't know the nubits stability mechanism very well.
Do you understand what happened that has caused this? I don't know the nubits stability mechanism very well.
Well there is a management team for that. It is not something managed by the Nu blockchain. It seems that bitUSD works. Understanding failures in pegs is important.
Yeah. bitUSD has serious flaws too, but at least there you can tell what's going on and it's more decentralized. With nubits you're totally at the mercy of the management team.
You got a 3.00% upvote from @getup
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You got a 8.00% upvote from @getup
Want to promote your posts too? Send at least 0.005 STEEM DOLLAR or STEEM to @getup with the post link as the memo and receive a upvote! More profits? 100% Payout! Delegate some SteemPower to @getup
1 SP, 5 SP, 10 SP, custom amount
► ► For Restream send 0.026 SBD
to @getup with the post link as the memo.