You obviously do not understand how Nubits or Bitshares holds its peg if you think this. This statement is pure blasphemy I'm not even going to waste my time refuting it. Everyone can do their own research.
I bet I can throw piles of shit at the glass also. Maybe even with the elegant rhetorical technique you display. Yet in the church of baghodlers i am fine with being a blasphemer. Maybe you can tone it down, maybe even have a civil conversation with me. Im not resorting to ad hominims yet (well maybe a little). Let us both settle this with intellect and grace not our dick size (cuz you know ill win
).Sorry, I am used to having to defend myself from trolls on here so often that I treat everyone as such until I know they are not a troll. I thought for certain you were a troll because the bolded is false, and shows either an attempt at FUD or a misunderstanding of how Nubits works. Nubits does indeed have systematic risks. The italicized is also an opinion, but it seemed you were stating it as fact.
No one, because they can buy 1 bitUSD for $1.053 USD right now on Bitshares' decentralized exchange.
$1.053 USD is a 5.3% variance. As i check on coinmarketcap now i see it listed at 1.04usd or a 4% variance.
Compare that to Tether (USDT) at 1.00 USD and NuBits (NBT) at $ 0.997296 or .27% variance.
NuBits is a superior system as it more closely maintains the peg (according to data on CMC)and does not have the systematic risk associated with BitUSD and other bitshares collateralized assets.
I am not arguing that Nubits more closely maintains the peg, as it does. It also has liquidity better figured out. I think both solutions have different pros and cons and there is no one superior solution.
I see smartcoins' pros as allowing for the easy issuance of many different assets (gold, silver, nasdaq, s&p, etc.. unlimited), and that they are collateralized at least by 200% worth of BTS. To create many different Nubits-style assets is unrealistic and there is a reason they (NuShares) are only planning on releasing a few FIAT Nubit-style tokens. It also allows for leveraged trading among other things... Smartcoins can earn interest, etc...
NuBits and any other cryptocoin also allow leverage. The Systematic risk i am referring to is the black swan 50% drop. This happens pretty often in the cryptocurrency scene. I think it is a major risk that is glossed over.
It is true that Nubit style assets are more difficult to create and maintain, but it really depends on the size of the crypto-marketplace. If things were to grow substantially to the size of main stream marketplace. then i could see 10s or 100s of assets. the issue is that atm there simply isnt a strong demand so its not practical. I don't hold any of either. But i think for scalability Nubits is a much more elegant design.