E47 2015-01-13 - Bytemaster about Nubits
http://bytemaster.bitshares.org/article/2015/01/13/NuBits-is-a-Ponzi-Scheme/?r=beyondbitcoin
I'm not one to throw across the time period Ponzi scheme loosely. In any case nearly each crypto undertaking has been known as a Ponzi scheme sooner or later. Simply because early adopters get wealthy doesn’t make one thing a Ponzi, what issues is the construction and monetary soundness of the funding alternative. NuBits is a crypto forex that has emerged from the Peercoin group which goals to peg its worth to the greenback. It has the looks of being very profitable due to excessive volumes, tight spreads and an impressive provide of NuBits price over $2 million. From the skin one might even get the impression that NuBits is healthier than BitUSD at sustaining a peg to the greenback. All Ponzi schemes begin out wanting like stable investments till at some point they collapse. What's most fascinating in regards to the NuBits Ponzi is that it at the moment is promising a return of zero%!!! This have to be some form of first in Ponzi historical past.
http://bytemaster.bitshares.org/article/2015/01/13/NuBits-is-a-Ponzi-Scheme/?r=beyondbitcoin
I'm not one to throw across the time period Ponzi scheme loosely. In any case nearly each crypto undertaking has been known as a Ponzi scheme sooner or later. Simply because early adopters get wealthy doesn’t make one thing a Ponzi, what issues is the construction and monetary soundness of the funding alternative. NuBits is a crypto forex that has emerged from the Peercoin group which goals to peg its worth to the greenback. It has the looks of being very profitable due to excessive volumes, tight spreads and an impressive provide of NuBits price over $2 million. From the skin one might even get the impression that NuBits is healthier than BitUSD at sustaining a peg to the greenback. All Ponzi schemes begin out wanting like stable investments till at some point they collapse. What's most fascinating in regards to the NuBits Ponzi is that it at the moment is promising a return of zero%!!! This have to be some form of first in Ponzi historical past.
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