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RE: What makes the bitUSD better than nuBits
Hi Dan, still trying to get my head around this, could you explain why points 4 and 5 are advantageous, please?
CG
Hi Dan, still trying to get my head around this, could you explain why points 4 and 5 are advantageous, please?
CG
They prevent short-term market manipulation from impacting the conversion price unless it can be maintained for over 3 and a half days.
Without this protection someone could request a conversion to STEEM, dump a bunch of STEEM on the market which will push the STEEM per USD ratio up. When the conversion executes they would get more STEEM and then price would recover.