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CATO Institute discusses NuBits

NuBits is the only serious contender to displace Bitcoin as the number one crypto-currency

On the 29th of December, 2015,  William J. Luther, scholar at the CATO Institute, published an article entitled "Theoretical Fedcoin, Meet Operational NuBits".

In this articile, Luther describes NuBits as the first decentralized crypto-currency to maintain a perfect peg to the US dollar.

In this sense, he concludes that NuBits is accomplishing the role of a Fedcoin.

At the end, he however states that NuBits is not perfect.

Nontheless, he acknowledges that NuBits solves the biggest problem of Bitcoin: its volatility.

I do think that the world is starting to realize the huge benefits of NuBits over Bitcoin.

It is time to realize that NuBits is far superior than Bitcoin as a currency.

One might remember what Hanke and Dowd that wrote "New private monies" said about Bitcoin's volatility at the end of 2014.

“Though the supply of Bitcoin is limited, the demand is very variable; this variability has made its price very uncertain and created a bubble-bust cycle in the Bitcoin market. Perhaps the safest prediction is that Bitcoin will eventually be displaced by alternative cryptocurrencies with superior features.”

To me this is clear. Bitcoin will be eventually displaced at the crypto-currency with the most liquidity and NuBits is the only serious contender right now.

2016 is likely to be a very interesting year for NuBits!

blog   2015/12/31   uploada