RE: NuBits Implosion (You Might Be Able To Profit)
No the interest isn't always at 48%. A couple of weeks ago it was at 34%.
You do not know where I can look at the statistics on interest rates?
I did the math on NuShares and if I buy $100 at current prices and it goes back to $0.02 which was an all time high then my NuShares could be worth over $7,000. Plus I would stake the NuShares and earn additional NuShares and be parking my Nubits and earning more NuBits in anticipation for NuBits to go back to $1 and NuShares to go up in price in the future as well.
For me it's definitely a pyramid! But I probably risk with NBT, if the price drops to 15-20 cents. My idea is that by such a drawdown they burn their debt. It's as if SBD fell 20 cents - then it would be profitable for the system to redeem it)))
They should have parking rates listed on the block explorer or something but I don't think they do. I look at them in my NuBits wallet. There is a button that says "Park" that I click on and it shows it. Also park rates can be shown by typing in certain commands in the QT wallet as well but it is easiest to just hit the "park" button.
What do you mean by it's definitely a pyramid?
I'll try to find, thanks!
additional NuShares and Nubits can be paid only by the arrival of new investors. If they do not come, we see what is happening now)) It's a pyramid.