Is nubits solution analogous to BitShares assets? Half a year ago I read about BitXXX assets and concluded that it's very likely to implode one day.

Nu permits holders of NuShares to manage the quantity of NuBits without dependence on any off blockchain mechanisms. Additional NuBits can be created when shareholders vote to do so and will be placed in the custody of a recipient chosen by shareholders called a custodian. There can be as many custodians as the shareholders elect to have and they can be changed at the whim of shareholders. Custodians may adopt a pseudonym if they choose to do so. Because custodians can be pseudonymous, many in number and abandoned at the will of shareholders, third parties cannot gain control of the network by leveling threats against custodians. Being a custodian doesn't impart any control over the network, only over a finite quantity of network revenues. NuBits created and sold are network revenues that can be used by custodians for Nu operating expenses and dividends. Dividends will be paid only in Peercoins, which means custodians must purchase Peercoins in preparation to distributing them. Therefore, demand for Peercoins will increase proportionate to the amount of dividends paid by Nu.



Conversely, the system can reduce the available supply of NuBits through a separate mechanism called parking, where holders of NuBits volunteer to take their currency out of circulation for a user configurable period of time in exchange for a monetary incentive. This is similar to extending a loan at interest. Shareholders can dynamically adjust the level of interest offered on parked NuBits (which varies by the duration) by voting for whatever yield curve they think is appropriate when they mint a block. When organic NuBit demand is in decline, shareholders will create synthetic demand for them by offering interest on parked NuBits. Some entities that would have no interest in NuBits as a currency will purchase them simply to park them at interest, thereby compensating for the decline in organic demand. Shareholders will raise the interest offered to whatever level is required so that organic and synthetic demand combined will not decline. As organic demand increases once again, the interest offered will be reduced until organic demand reaches its previous peak, at which time no interest will be offered for parking.

Quote from: bcdev on September 08, 2015, 11:16:59 am

Quote from: HCLivess on September 08, 2015, 11:02:18 am

nubits....

I'll read it in a few days and I'll give my feedback.

I'm unable to link to it, but we have a "Price Stability" page on our website that shows some of the additional innovations that have been created over the past year - including variable transaction fees, NuShare custodial grants, and automated decentralized liquidity pools - that all have helped improve the stability of NuBits beyond what the original white paper specified.