Anyone following cryptocurrency for as long as I have knows there is no shortage of brilliant minds taking part in this social leap. Unfortunately, there are also plenty of thieves, con artists, and dreamers distracting from the true advances in Bitcoins evolution. At this point, anyone with financial skin in the game should be leery of investing in undelivered promises.
The Peercoin track of development stands out in my mind as a veritable leader in innovation, foresight, and meticulous deployment. Jordan Lee, sigmike, and erasmospunk have proven talent in advancing the ground-breaking work of Sunny King. If you havent taken the time to evaluate the opportunities in Peershares and NuBits you havent performed due diligence in the industry and shouldnt be investing in cryptocurrencies.
Jordan Lee has demonstrated himself capable not only of professional development but of true commitment to solving the fundamental roadblocks in world-wide adoption of decentralized finance. Instead of pumping a trend for a quick buck, Jordan has joined Sunny King in constructing a legacy for our children that is both fair and resilient. What other examples in history do we have of true intellectual treasure being openly distributed into the hands of the community?
Having solved volatility and liquidity in NuBits, Jordan and his team are moving ahead to cure the other black eye of Bitcoin - centralized exchanges. As one of many who have suffered great losses through exchange collapse, I cannot be more certain that this is the vital next advance the democratization of money. Personally, my cryptocurrency assets are out of the economy until something like B&C exchange is up and running.
In my mind, the tradition of security and fairness that lives on with Peercoin carries through to this auction. Its hard to imagine a less risky investment in the cryptocurrency space simply because one has here the opportunity to bid on a proven asset at possibly below market value. Although I have no doubt about the capacity of Jordan, Sigmike, and erasmospunk to deliver on their promises, a winning bid in this auction immediately conveys value through the direct ownership of the NuShares. Aquiring NuShares though this bid may be your last opportunity to build a sizable stake in the Nu network irrespective of the eventual success of B&C.
If, for some reason, you maintain no interest in a long-term investment in NuShares you should at least take heed of the success of NuBits over the past 9 months in upholding 1:1 USD parity against extremely deep volume through periods of extremely rapid BTC/USD volatility. Jordan Lee promised a stable cryptocurrency, and he delivered on schedule. Furthermore, he continues to demonstrate his perseverance in accepting criticism, learning from mistakes, and building the future as a full team effort with some of the leading innovators in cryptocurrency. Bidding on NuShares through this auction is your opportunity to enable the freedom of us all -for the first time in modern history- to store wealth and engage in commerce liberated from centralized power.
If you own Bitcoin, you should be bidding on this proposal.