Lets just settle at 10BTC per stake so we don't get disappointed.
+1，Too high expectations are unrealistic
Maybe 1 btc per stake
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 116. (Read 661499 times)
May 14, 2014, 07:22:29 AM
Lets just settle at 10BTC per stake so we don't get disappointed.
+1，Too high expectations are unrealistic
Maybe 1 btc per stake
May 14, 2014, 07:19:33 AM
I've added recent updates to the F.A.Q. thread.
hmmm...
Lets just hope the developers don't dump their 25% premine.
Premine is the wrong term. There is no mining and since all coins are created at one point in time there is no "pre".
Who in their right mind would harm a project - by dumping - after putting in countless hours of their free time?
I plan to buy more NEM upon launch. That, and some MOON BOOTS.
May 14, 2014, 06:02:07 AM
Its going to be $10000 per stake or more I think.
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10,000 per stake = 22BTC each.
22BTC * 4000 stakes = 88000BTC marketcap
Valuation = 40Million
You are saying it will have a market capitalization more than Dogecoin with their massive community.
That sounds way to optimisitic for a client that doesn't really add anything revolutionary to the table. (innovative yes)
Lets just settle at 10BTC per stake so we don't get disappointed.
What exactly are you refering to by "client" ? You do realize that NEM is about more than just a new fancy client right ?
Also who decides what is revolutionary ? In the end I guess history will decide but POI could very well be revolutionary - time will tell.
NXT has a similar market cap to DODGE so it's very possible that NEM can reach that as well.
No i am saying that their is no reason for the average bitcoiner to choose to use nem over bitcoin. Only way for that to happen imo is price stability. Also the average bitcoin user doesn't care if its POW. POS. POI only the technically minded care.
Hey i would love to see nem beat nxt, but just assuming it will creates expectations that can lead to disappointment.
Managing expectations is not bad, though I think we really are in a very fortunate situation at the moment.
Anyway, there are more reasons why the average bitcoiner would consider NEM, though NEM will arguably only compete with Bitcoin in the long run.
First we have to show we can conquer 1st place in the 2nd gen and altcoin league. After we make it clear that NEM is superior to any altcoin, we will inevitably go a level up. There
Things for which NEM could be the choice are the follwing:
1)Clear simplicity advantage and user friendliness compared to bitcoin and any other altcoin.
2)Increased efficiency and sustainability.
3)Ecosystem/utility
May 14, 2014, 05:54:24 AM
Lets just settle at 10BTC per stake so we don't get disappointed.
+1，Too high expectations are unrealistic
May 14, 2014, 05:43:49 AM
be patient! guys, still wait for the final break. 
May 14, 2014, 05:41:11 AM
Lets just settle at 10BTC per stake so we don't get disappointed.
It all comes down to how high/low people end up placing their Asks... CHOOSE WISELY!
...I will be sitting on my hands the whole time...
That's right. Be an expensive hooker, don't sell cheap.
May 14, 2014, 05:29:14 AM
Its going to be $10000 per stake or more I think.
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10,000 per stake = 22BTC each.
22BTC * 4000 stakes = 88000BTC marketcap
Valuation = 40Million
You are saying it will have a market capitalization more than Dogecoin with their massive community.
That sounds way to optimisitic for a client that doesn't really add anything revolutionary to the table. (innovative yes)
Lets just settle at 10BTC per stake so we don't get disappointed.
What exactly are you refering to by "client" ? You do realize that NEM is about more than just a new fancy client right ?
Also who decides what is revolutionary ? In the end I guess history will decide but POI could very well be revolutionary - time will tell.
NXT has a similar market cap to DODGE so it's very possible that NEM can reach that as well.
No i am saying that their is no reason for the average bitcoiner to choose to use nem over bitcoin. Only way for that to happen imo is price stability. Also the average bitcoin user doesn't care if its POW. POS. POI only the technically minded care.
Hey i would love to see nem beat nxt, but just assuming it will creates expectations that can lead to disappointment.
You're right and I didn't want to raise eny big expectations.
However if we can get merchants to accept NEM and build a nice ecosystem for it I think we can attract even bitcoiners.
Merchants and the rest of the Ecosystem have to be one of the highest priorities and this is also a big part that the community can and will have to do.
May 14, 2014, 04:59:52 AM
shit i need to brighten this thread up
May 14, 2014, 04:34:58 AM
Its going to be $10000 per stake or more I think.
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10,000 per stake = 22BTC each.
22BTC * 4000 stakes = 88000BTC marketcap
Valuation = 40Million
You are saying it will have a market capitalization more than Dogecoin with their massive community.
That sounds way to optimisitic for a client that doesn't really add anything revolutionary to the table. (innovative yes)
Lets just settle at 10BTC per stake so we don't get disappointed.
What exactly are you refering to by "client" ? You do realize that NEM is about more than just a new fancy client right ?
Also who decides what is revolutionary ? In the end I guess history will decide but POI could very well be revolutionary - time will tell.
NXT has a similar market cap to DODGE so it's very possible that NEM can reach that as well.
No i am saying that their is no reason for the average bitcoiner to choose to use nem over bitcoin. Only way for that to happen imo is price stability. Also the average bitcoin user doesn't care if its POW. POS. POI only the technically minded care.
Hey i would love to see nem beat nxt, but just assuming it will, creates expectations that can lead to disappointment.
May 14, 2014, 04:34:08 AM
10 BTC sounds good but to be honest I wouldn't sell it for that. Not even 22.
+1
I think we are better than Dodge, and we dont have coin yet
Nem will be biggest altcrypto, bye bye LTC
May 14, 2014, 04:24:41 AM
Its going to be $10000 per stake or more I think.
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10,000 per stake = 22BTC each.
22BTC * 4000 stakes = 88000BTC marketcap
Valuation = 40Million
You are saying it will have a market capitalization more than Dogecoin with their massive community.
That sounds way to optimisitic for a client that doesn't really add anything revolutionary to the table. (innovative yes)
Lets just settle at 10BTC per stake so we don't get disappointed.
What exactly are you refering to by "client" ? You do realize that NEM is about more than just a new fancy client right ?
Also who decides what is revolutionary ? In the end I guess history will decide but POI could very well be revolutionary - time will tell.
NXT has a similar market cap to DODGE so it's very possible that NEM can reach that as well.
May 14, 2014, 04:17:19 AM
10 BTC sounds good but to be honest I wouldn't sell it for that. Not even 22.
May 14, 2014, 04:09:18 AM
Its going to be $10000 per stake or more I think.
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10,000 per stake = 22BTC each.
22BTC * 4000 stakes = 88000BTC marketcap
Valuation = 40Million
You are saying it will have a market capitalization more than Dogecoin with their massive community.
That sounds way to optimisitic for a client that doesn't really add anything revolutionary to the table. (innovative yes)
Lets just settle at 10BTC per stake so we don't get disappointed.
May 14, 2014, 03:07:50 AM
Its going to be $10000 per stake or more I think.
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
10% between all the developers is more than fair.
Maybe Im wrong, but if im right, that 15% is going to do some serious damage when it comes to promotion.
Then its going to just turn into a snowball.
And that snowball is going to roll down the hill so damn fast its going to hit investors right in the face, and money is going to come flying out of their pockets!!
This is when NEM will have the momentum and the power to do something special and give the power back to the people.
NEM has the leadership, design, resources, community, and philosophy necessary to execute its plans. NEM actually has the chance to reach its goals. And those goals are groundbreaking, refreshing, and ambitious. NEM reaching those goals will change the world. There's more than $10,000 at stake!
May 14, 2014, 12:06:39 AM
I am skeptical about bitshare economic model. I don't think the way they peg bitusd arbitrarily to $ could work in practice. Lending business is pretty difficult to do with bitcoin because of its deflation nature so i am interested so see if anyone can come up with a viable model.
Briefly why do you think it might not work? I have my own concern but just wondering what yours may be ?
May 13, 2014, 10:54:03 PM
It seems that some people don't understand the proposed distribution. From UP's letter (https://docs.google.com/document/d/1q-Ew6-ac_3NmWHxO2O0WivNOP7Wz9sghTYS2tPWqd8E/edit):
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
Quote
NEM would be created with the maximum of 4 billion unit divisible to 6 figure after zero. We plan to distribute 72% of the total to the community at the official lunch, all with a minimum contribution of promotional effort or donation. 3% will be auctioned to the public to raise money for the development fund. 25% will be reserved under control of the core development team in which 10% is reserved for the core development team for their works in fully developing NIS and NCC to V1 blockchain specification. 5% is reserved for the extended development team for their works on NEM promotion and NEM ecosystem. The last 10% is reserved for future development after the completion of V1 blockchain including further development of the ecosystem and special features to the core blockchain.
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
NEM is going to be as big as NXT, according to dev team. Nice 3,000,000 USD salary for the team. I'm not judging, I think you guys deserve it, and I am looking forward to the first public beta!
Since average donation for 1 million NEM is about 0.05 btc. You can say development team salary is=0.05 *400=20btc. Now if we somehow get 3 million in the future, it is only because we make a nice gift of close to 10.000$ for every single stakeholder. But that is huge IF and actually we don't think about it at all because I am sure it does not just depend on core developers. If stakeholders want to have that nice 10.000$, they will probably have to work a bit too.
The nice thing about allocating 75% of NEM (not 72%) to the community on the launch is that we effectively give up the majority control of the network. We will bring in something worthwhile but from that point forward, NEM's progress will depend greatly on the community's involvement.
Yes, 75% will go to stakes. Sorry for missing that!
May 13, 2014, 10:43:38 PM
It seems that some people don't understand the proposed distribution. From UP's letter (https://docs.google.com/document/d/1q-Ew6-ac_3NmWHxO2O0WivNOP7Wz9sghTYS2tPWqd8E/edit):
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
Quote
NEM would be created with the maximum of 4 billion unit divisible to 6 figure after zero. We plan to distribute 72% of the total to the community at the official lunch, all with a minimum contribution of promotional effort or donation. 3% will be auctioned to the public to raise money for the development fund. 25% will be reserved under control of the core development team in which 10% is reserved for the core development team for their works in fully developing NIS and NCC to V1 blockchain specification. 5% is reserved for the extended development team for their works on NEM promotion and NEM ecosystem. The last 10% is reserved for future development after the completion of V1 blockchain including further development of the ecosystem and special features to the core blockchain.
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
NEM is going to be as big as NXT, according to dev team. Nice 3,000,000 USD salary for the team. I'm not judging, I think you guys deserve it, and I am looking forward to the first public beta!
Since average donation for 1 million NEM is about 0.05 btc. You can say development team salary is=0.05 *400=20btc. Now if we somehow get 3 million in the future, it is only because we make a nice gift of close to 10.000$ for every single stakeholder. But that is huge IF and actually we don't think about it at all because I am sure it does not just depend on core developers. If stakeholders want to have that nice 10.000$, they will probably have to work a bit too.
The nice thing about allocating 75% of NEM (not 72%) to the community on the launch is that we effectively give up the majority control of the network. We will bring in something worthwhile but from that point forward, NEM's progress will depend greatly on the community's involvement.
May 13, 2014, 10:34:43 PM
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
Ok, then I was wrong about 35%. It's 28% plus all the BTC and Nxt collected during the IPO
I hope there is auditing and public record on how the 18% plus IPO money is used.
There was no IPO
How many times do I have to say that. Otherwise, feel free to comment as I am working on a more detail version of development fund governance. May 13, 2014, 10:13:04 PM
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
Ok, then I was wrong about 35%. It's 28% plus all the BTC and Nxt collected during the IPO
I hope there is auditing and public record on how the 18% plus IPO money is used.
May 13, 2014, 10:06:23 PM
It seems that some people don't understand the proposed distribution. From UP's letter (https://docs.google.com/document/d/1q-Ew6-ac_3NmWHxO2O0WivNOP7Wz9sghTYS2tPWqd8E/edit):
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
Quote
NEM would be created with the maximum of 4 billion unit divisible to 6 figure after zero. We plan to distribute 72% of the total to the community at the official lunch, all with a minimum contribution of promotional effort or donation. 3% will be auctioned to the public to raise money for the development fund. 25% will be reserved under control of the core development team in which 10% is reserved for the core development team for their works in fully developing NIS and NCC to V1 blockchain specification. 5% is reserved for the extended development team for their works on NEM promotion and NEM ecosystem. The last 10% is reserved for future development after the completion of V1 blockchain including further development of the ecosystem and special features to the core blockchain.
100-72 = 28% reserved for building NEM.
10% is our salary and the remaining 18% is going towards building the ecosystem and future infrastructure for NEM and marketing.
NEM is going to be as big as NXT, according to dev team. Nice 3,000,000 USD salary for the team. I'm not judging, I think you guys deserve it, and I am looking forward to the first public beta!
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