Re: Fighting the Price Divergence. What is the true price of bitcoin?
Hey all, nupond operator here (i run the liquidity pool on bter).
Who would i need to talk to for getting a liquidity pool on my exchange? Currently we offer NBT/BTC and BTC/NSR trading pairs. We are planning on starting a nubit<->fiat service similar to localbitcoins.com in a few months. we have a fully functional API and would offer a liquidity provider 0.0% trading fee's
I'd recommend to visit the Nu forum at https://discuss.nubits.com/ and discuss this topic.
The community is in general very friendly and open to ideas!
Ultimately the NSR holders will need to vote for liquidity operations, because liquidity operations are compensated with a fee paid by Nu.
The liquidity operations at exchanges are offering BTC and NBT in trading pairs at a value of close to 1 USD.
There are several more liquidity layers which help keeping the rates and the volume at exchanges at an acceptable level.
It's helpful to discuss prior to put up a grant for voting.
You might want to get familiar with some technical aspects of Nu, but I think it's not too hard to understand how Nu works.
Summarized in one sentence you could say that Nu keeps NuBits pegged to USD by adjusting the NBT supply to demand.
NSR holder votes for motions and grants are just a way to directly create currency units (NBT or NSR in so-called grants) or to decide which way to go (motions).
The whole system is absolutely democratic and you need a majority of votes to get a grant or motion passed.
Have you thought about flipping the NBT/BTC pair? BTC/NBT is much easier to read if you are aware that 1 NBT = 1 USD
[...] or do Nubits just lose 2-3% per year
...compared to what?
And what is 2 or 3% per year if you can have the same loss with BTC in a single day or even hours?
NuBits is just the initial product of the Nu network.
If you are afraid of USD inflation, you might be interested in the next products of the Nu network: crypto currencies pegged to CNY and EUR and special drawing rights:
https://discuss.nubits.com/t/passed-motion-to-introduce-new-nubits-products/2834