Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 124. (Read 661498 times)

Good work again guys. I can understand a technically innovative and qualitatively superior product needs a lot of hard work.

Thanks for putting in all that work. I think I am not mistaking if I say that all Nemsters appreciate this and look forward to contributing to the project as much as possible.

As a side note, I am not sure auctioning the Nem stakes on the Nxt AE would be the best option. I am for Nxt, and appreciate all the hard work and innovation they are putting in as well, but in a situation like this it may be better to avoid this option due to conflicting interest.

It would only be a win-win situation if Nxt would agree to do something similar and promote Nem with some positive marketing as well.

The waiting list invitation period lasted 2 weeks and was over a coupe days ago, and now I would like to present you the NEM final stakeholder list in this link.

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=10

It was a long process lasting close to four months and filled with drama, and finally I am happy to say that it came to an end. The waiting list invitations were sent directly to 134 accounts in the waiting list thread and 91 of them has agreed to join in. This is the invitation letter I sent out:

https://docs.google.com/document/d/1q-Ew6-ac_3NmWHxO2O0WivNOP7Wz9sghTYS2tPWqd8E/edit

I am very happy that the majority of waiting list people agreed to join us not only because they sent the biggest donation to NEM development fund, but also because they are much more likely to be helpful to NEM than an average stakeholder in earlier stages (better selection process). For that I am thankful that you agreed to join us.  

As it is the stakeholder list now consists of 2844 stakeholders and that would leave 156 NEM shares (=156 million NEM) for the auction held later on. Minus a coupe of shares for corrections and addition, the shares for auction will be closer to 4% of the total NEM than 3% estimated earlier.

On the blockchain development, we have been working non-stop for three months with almost no off day (that is for the whole team, each of us sometimes takes a necessary break) and we are getting close to an Alpha release but not there yet. Personally, I can't be happier with the team we have and I expect much bigger things for our collaboration. First 3 months could just be a tiny step in the lifespan of NEM. I  have a longer commitment to NEM development and I hope stakeholders would share my view.

But if you do not, we will offer you some ways to sell all or a part of your stake soon. The first obvious way is to request a refund for your contribution. I will open a refund request soon and all refund requests would be honored (minus transaction fee) until the NEM official launch. We are also exploring some pre-launch trading options including issuing temporary tokens representing NEM stakes aka Maidsafe coin issuance style.

Gimre have been updating to you about coding progress in this thread regularly and we promise that we won't leave the community in the dark about what we are working on (except things that has a chance of being cloned easily by a competitor). However it should be kept in mind that "we are working on A" or" we plan to work on A" does not translate to "we promise to deliver A in". Priorities could change and we don't make feature promises until the features are production ready.

Finally, I would say relax, have some fun and wait for the Nemesis. I think at this point you can be sure that we are not running off with your money  

The waiting list invitation period lasted 2 weeks and was over a coupe days ago, and now I would like to present you the NEM final stakeholder list in this link.

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=10

It was a long process lasting close to four months and filled with drama, and finally I am happy to say that it came to an end. The waiting list invitations were sent directly to 134 accounts in the waiting list thread and 91 of them has agreed to join in. This is the invitation letter I sent out:

https://docs.google.com/document/d/1q-Ew6-ac_3NmWHxO2O0WivNOP7Wz9sghTYS2tPWqd8E/edit

I am very happy that the majority of waiting list people agreed to join us not only because they sent the biggest donation to NEM development fund, but also because they are much more likely to be helpful to NEM than an average stakeholder in earlier stages (better selection process). For that I am thankful that you agreed to join us.  

As it is the stakeholder list now consists of 2844 stakeholders and that would leave 156 NEM shares (=156 million NEM) for the auction held later on. Minus a coupe of shares for corrections and addition, the shares for auction will be closer to 4% of the total NEM than 3% estimated earlier.

On the blockchain development, we have been working non-stop for three months with almost no off day (that is for the whole team, each of us sometimes takes a necessary break) and we are getting close to an Alpha release but not there yet. Personally, I can't be happier with the team we have and I expect much bigger things for our collaboration. First 3 months could just be a tiny step in the lifespan of NEM. I  have a longer commitment to NEM development and I hope stakeholders would share my view.

But if you do not, we will offer you some ways to sell all or a part of your stake soon. The first obvious way is to request a refund for your contribution. I will open a refund request soon and all refund requests would be honored (minus transaction fee) until the NEM official launch. We are also exploring some pre-launch trading options including issuing temporary tokens representing NEM stakes aka Maidsafe coin issuance style.

Gimre have been updating to you about coding progress in this thread regularly and we promise that we won't leave the community in the dark about what we are working on (except things that has a chance of being cloned easily by a competitor). However it should be kept in mind that "we are working on A" or" we plan to work on A" does not translate to "we promise to deliver A in". Priorities could change and we don't make feature promises until the features are production ready.

Finally, I would say relax, have some fun and wait for the Nemesis. I think at this point you can be sure that we are not running off with your money  

Here you see what happens when you ask uncomfortable questions, guys never ask questions with your stake account and make this what your GURU say.

I´m a original NEMster keep up the good work

Even you can´t see it - something (NEM) is out there.

And now - VERPISS DICH

nem-infrastracture-server>git rev-list HEAD --count
1080
nem-client>git rev-list HEAD --count
121

No the assets could be issued by 12 oclock tomorrow if utopian so wished and has the time. The infrastructure is there now to do it. Or atleast it will be to tomorrow. And the assets woundnt have to represent stakes ether.. They could represent the coins themselves so instead of issuing 1 stake token per person on asset exchange you could issue 156m nem coin tokens.

So u could sell 50 percent of your stake if you so wish to. The nem coin tokens would be issued on asset exchange and redeemable 1:1 for real nem coins at launch. If you can trade on mintpal you can trade on asset exchange. Its exactly the same thing. But decentralised. No need to be techy.

 Its very easy. Why do an auction when you can list nem coin tokens on asset exchange and trade it like a real coin as if it was on mintpal. You buy what you want at market price same as any other coin thats launched on an exchange.

Come distribution of real coins. You send what ever nem coin tokens you own back to utopian along with a nem address and he exchanges the the nem coin tokens 1 for 1 with real nem coins!

This way everyone can trade their coins freely on open market, no need for auction as you would get the best price at the time judged by the market, which i bet you a nem stake would be more then what you would get if it was auction first then open market. The only people that would disagree in my opinion would be people who want cheap auction stakes.

Could we get a devs input on this please?

Edit:

As for doing an auction once a month for a year. Its a bit pointless. Whos going to bid 15 dollars for something they pay 10 dollars for on the open market. The auction price would ether be lower or the same price as the market value of the coin.

what work do you mean? I have seen nothing yet.

@ Patti: D

it does not say something like "fuck off" ---- VERPISS DICH----- I'm also a NEMster

what work do you mean? I have seen nothing yet.

@ Patti: D

it does not say something like "fuck off" ---- VERPISS DICH----- I'm also a NEMster

@patmast3r

Well said ! But don´t care about that troll. Nobody does.

To keep the balance i send good vibes to you (and team)! Great work so far - go on!   

MuHaHaHaHa 0,1 Dollar one NEM   follow your GURU i have already 5 stakes and 20 sold ... i´m a multi millioair

Guys don´t be stupid

So you are saying that we need to wait till June/July when the coin is released and then issue an asset and just change the price daily to follow the price on exchances. But if price rises to $0,1/NEM who would buy $100k/stake ? Then we will need to split stakes to not bigger than 10k NEM ($1000) pieces so enough people will afford to buy any. That asset is gonna be there a long time... Exchange volumes might stay too low... Or relay exclusively to NXT-system at first (it needs to get super-popular) and later on NEM's own Decentralized-Exchange ??

people could just freely pm him through bitcointalk to buy at market price imstead of an auction and keep the sale of 135 odd stakes off the market and thus not effect the price with many sells. Alls he gota do is send the buyer of "auction" stakes a nem stake asset to buyers nxt account. Job done. Saves the hassle of originising an auction too. It will give the dumpers a good chance to dump at much lower prices to those who may hold the coin long term, as i will. People dont know what to pay at auction as a price hasnt been set yet. The price would be much better set on the open market then at auction, as many will with hold from bidding in the hope of getting cheaper stakes on the open market. I say no auction. Issue assets. Set base price on open market. Then utopian sells the "auction" stakes off the market. Job done and best price got for them. He can also hold some stakes for later sale after alpha and beta when he will get a much higher price.