And what do you do to the person who doesn't pay? Any legal action against them will cost more than $2000 per year per person who doesn't pay and thus be unprofitable. Jail time would also be a net loss

Considering NuBits is backed by NuShares and NuShares the debt to equity ratio of NuBits to NuShares is 70% while the NuBits are trading on low volume ($6000) and NuShares have equally low volume ($6000)

Bulls are smart enough not to dump Steem Dollars or to use their steem dollars to bid up the Steem Dollar / Steem market. As a steem bull wanting to convert into Steem Power I would find the cheapest route