Topic: Is there a list of the things that are unique to NEM (XEM) or that it did FIRST? (Read 460 times)

This is what I'm talking about. What else? Or what else is coming out?

I don't think you're going to argue, the community with very solid devs built NEM.

I assume because you have decentralized in your name you can appreciate that.

So let's get back to what is unique about NEM, technical achievements and so on.

If you mean features, then NEM was the first coin to offer proof-of-importance as an alternative to proof-of-stake and proof-of-work. Proof-of-importance was a modification of proof-of-stake that is designed to discourage hoarding and encourage its use as a currency. NEM was also the first altcoin to feature Eigentrust++ as a reputation system to help protect the network and disincentivize bad nodes as well as the first coin to implement blockchain-based multisig upon launch.

I have a few NEM myself (in addition to the NXT I originally had) which I intend to hold as a long term investment. Gotta say I do feel sorry for utopianfuture though (assuming that the sockpuppet scandal wasn't completely planned out and staged like some people here think). Without him, NEM would never have existed. I can completely understand how it might be easy to forget to log off and post under the wrong account.

NXT was marred by a less-than-perfect initial distribution while NEM was marred by the founder getting caught with sockpuppets. Despite these, I still think that both coins have enormous potential to become major players in the future. Unfortunately for their communities however, these associations will probably continue to haunt these coins forever - as the replies made in this thread so far show.

Nobody can honestly believe that all of UtopianFuture's socks were discovered.  He had literally hundreds of them.  He lost his position not because of the community's diligence, but because he's an idiot who logged in under one of his socks to post as UtopianFuture.

It's a scam because NEM was/is advertised as "an egalitarian/fair crypto" to the unsuspecting masses all while UtopianFuture defrauded everyone to profit.  The whole community found out about his deceit and kept up this ridiculous mantra.  Not to mention that UF claimed all his stakes in the beginning when they were free and then later changed the rules and started charging for them.

First coin to launch created by a known scammer.

repeat

First coin to launch created by a known scammer.



everyone KNEW utopianfuture was a scammer, and NEM still launched. That's a first, and absolutely amazing.

It's an incredible marketing opportunity. No other coin can claim this 'bad boy' heritage.

Of course many coin founders are suspected AFTER the launch, but UP was a KNOWN scammer before the launch. That's unique to NEM

Wow, thanks for such a quick response!!

1. Yes, there were a lot of socks, a ton actually. That is understandable, as people are greedy. Of course that would happen as people seen it had potential and they wanted as much NEM as they could get. Sure, no argument there.

At the same time the community did such a great job weeding them out that even the founder lost his leadership position and his socks as well.

That's what I love about decentralized systems.

That's the power of the community.


2. How did noobs get scammed. They got in free, or for 10 bucks, and it was worth $1300 at one point.

Man, I want to be scammed like THAT!!!


3.?


4. Yes, profit!! I would add that to the list, but as a lot of coins do cause people to lose BTC, there have been some profitable ones, so I don't think we can call that unique or a first.

1 - Created the most sockpuppet accounts in the history of BTT.
2 - Scammed the most noobs in the history of BTT.
3 - ?
4 - PROFIT!!!!111

Edit: Scratch No 2.  You guys didn't even manage to do that.

It seems that most people don't know just how much NEM has accomplished.

So I want to put together a list of just how successful NEM has become. It seems that because it has taken so long (and understandably so) that people haven't kept up with the amazing progress it has made.

If those that know can just reply with the details, I will add it here as they come.

I think those outside the community will be surprised how far we have come.