Re: Trade your nubits to BitUSD on bter.com NOW, before they become worthless!
This is further proof that the collateral backing nubits has been sitting as bitcoin, and has thus been severely hit by the 33% fall where thousands of bitcoin was dumped on the "trusted" custodians.
NUBITS IS INSOLVENT, THEY OPENLY ADMIT THIS.
NUBITS = FRACTIONAL RESERVE
NUBITS IS INSOLVENT, THEY OPENLY ADMIT THIS.
NUBITS = FRACTIONAL RESERVE
Do you even know what proof is?
the peg is maintained with US dollars. there are exchanges that have NBT/USD trading pairs and that's where the peg is originally maintained. The NBT/BTC traiding pairs are just some random internet people doing arbitrage.