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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 146. (Read 661498 times)

sr. member
Activity: 602
Merit: 268
Internet of Value
Distribution effectiveness = - (complaint) - (bitching)^2 - (extreme bitching/ sabotage)^4 + (happy follower) + (happy contributor)^2 + (happy loyalist/ dev. team)^4

My grandfather once remarked "you could take all the land and redistribute it equally among people and the same people would end up owning it again."

The 80-20 Pareto Distribution, where 20% of the population owns 80% of the wealth seems to be a naturally occurring phenomenon. Any coin can be expected to migrate towards this distribution. This is still a lot better than the "1%" statistic oft quoted in the US.

Any attempts to socially engineer some other desired distribution are apt to fail, and worse, yield unintended adverse consequences.

80-20 rule is interesting and I think Malcolm Gladwell wrote a long article about it as well. We will see how NEM final distribution will end up from the initial 1 account/ 1 share distribution. To me it is interesting social/ economic experiment as well.  Galatians 3:28 "There is neither Jew nor Greek, there is neither slave nor free, there is no male and female, for you are all one in Christ Jesus." ; NEM book 1:00 "at Nemesis, every account is equal"
sr. member
Activity: 448
Merit: 250
black swan hunter
Distribution effectiveness = - (complaint) - (bitching)^2 - (extreme bitching/ sabotage)^4 + (happy follower) + (happy contributor)^2 + (happy loyalist/ dev. team)^4

My grandfather once remarked "you could take all the land and redistribute it equally among people and the same people would end up owning it again."

The 80-20 Pareto Distribution, where 20% of the population owns 80% of the wealth seems to be a naturally occurring phenomenon. Any coin can be expected to migrate towards this distribution. This is still a lot better than the "1%" statistic oft quoted in the US.

Any attempts to socially engineer some other desired distribution are apt to fail, and worse, yield unintended adverse consequences.
legendary
Activity: 866
Merit: 1002
Any update about the auction? Has it started yet?

not yet, probably won't start until the open Alpha since we want to avoid scam accusation.  

good idea! any plans on how the auction will be run? will you hold off on auctioning a couple stakes until just prior to nem launch? i think thats when you will get a huge amount of interest and much higher price!

edit

still looking for pledges towards the multipool!

i have a very strong plan but need pledges and a dev still.. it needs to be stand alone nem pool now in order to implement the full plan!

only 440k pledged so far 300k from 3 generous people so i think we can do much much better seeing as we have 3k stake holders!

We had discussion within NEM core dev, and nem core dev* is almost unanimously against multipool.

but as utopianfuture noted, there is possibility, for getting funds from ecosystem and/or promotional funds.


* and slightly related:
How to understand the role of NEM core dev. team? NEM core dev. team should be considered only one group (albeit, an important one) within the NEM overall community- but not a centralized representative of NEM community. That means I would encourage NEM stakeholders to self-organize different teams/ groups that can operate independently from NEM core dev. team in a truly decentralized fashion, especially regarding to marketing and promotional activities. This I believe will increase the resilience, the diversity and the creativity of the network as a whole.

This should be considered a Prologue to NEM operation after the official launch, not that I ask the community for these decentralized activities right now - It is expected that we will fill the large bulk of all NEM necessary works (marketting included) up until our official launch, and probably extending until V1 blockchain completion as well.
sr. member
Activity: 602
Merit: 268
Internet of Value
Distribution effectiveness = - (complaint) - (bitching)^2 - (extreme bitching/ sabotage)^4 + (happy follower) + (happy contributor)^2 + (happy loyalist/ dev. team)^4
member
Activity: 60
Merit: 10
I believe nxt and nem can get success. They are complementary, rather than competitive.
 Grin
Like the relationship between BTC and LTC, but NEM and NXT which will be the next BTC, time will tell us
Ahaha, so will you hold NEM for a long term ? the early BTC player dump their BTC very early. Grin Grin
I  bet he will dump when the price up to 20 saoto.
saoto? or  Satoshi?
20 Satoshi, it will only appear in your dreams

Ahaha. 2 Satoshi is the reality.
newbie
Activity: 56
Merit: 0
I hope to be able to log into the trading platform
full member
Activity: 183
Merit: 100
I believe nxt and nem can get success. They are complementary, rather than competitive.
 Grin
Like the relationship between BTC and LTC, but NEM and NXT which will be the next BTC, time will tell us
Ahaha, so will you hold NEM for a long term ? the early BTC player dump their BTC very early. Grin Grin
I  bet he will dump when the price up to 20 saoto.
saoto? or  Satoshi?
20 Satoshi, it will only appear in your dreams
hero member
Activity: 834
Merit: 524
Nxt NEM

Anything involves James nodecoin would need a great deal of luck to go through.

I've bookmarked this. Care to wager a NEM stake on this? Cheesy

Listen, I understand you're the head of NEM. Respect for you and your team. Somehow, in all the 'fair distribution' talk it's forgotten that CfB, Jean-Luc, CIYAM, James and others are a killer team. We're not waiting on an alpha, or picking out logos -- we're testing features now as I type this.

I wouldn't wager my NEM stake if I wasn't 100% positive. Smiley

Are all those people still involved in NXT? I thought CfB's contract was up. It looks like Jean-Luc and wesley have made all the commits for at least all of April: https://bitbucket.org/JeanLucPicard/nxt/commits/all. Is there another repro where other people are contributing?

CfB hasn''t left totally. He is still around, and waiting for DGS and asset exchange to finish. CIYAM is of course still working on AT project. James is supposedly "working" on dozens of things, but they don't involve changing nxt core. These are all his own projects. There are many others working on various projects (like android apps, games ( http://www.nox.am/  )  websites ( nxt.org, etc)

The front page of the game demo does look inviting. I could agree that NXT is still the most exciting alt coin system out there currently.
I don't understand all this tecky stuff / Does this mean that Dodge is more advanced than nxt ?
Looking at if from a market cap stand point it must be true. I hope one day nxt can shake of the dark stigma of unfair distribution and whales but i don't see it happening anytime soon if ever.

Did "whales" hurt bitcoin? 1 person holds 10% of bitcoin and 200 or so have 60%. Same applies to Litecoin and Peeercoin.  In fact, same applies to Nem. The population of the word is 7 billion. So "3000" (if you ignore sock puppets) would be considered "unfair distribution, by the rest of 7 billion.  Your argument is total nonsense.


+1 Yep.  I've always thought about this.  If mass adoption is what matters, than there really isn't much of a difference between 10, 73, or 3000.  However, there are a FEW advantages to having a few more initial stakeholders, like having more people run nodes at first and help out with marketing and such.  And in this case, although I think it's unfair and doesn't really matter in the end, having less than 100 stakeholders apparently has a pretty negative stigma...

Edit: and by unfair, I mean I think it's unfair that so many people have such a negative view about Nxt's initial distribution.  It's already better than bitcoin's distribution.


Smiley
Still that "world's population" is used as an excuse for the distribution matter

https://bitcointalksearch.org/topic/m.6062164
"But if returned back to NXT vs NEM distribution, there are only guesses about how well NEM's distibution will progress. Time will show.
If making an assumption, then it is easy to say that a better distribution is reached, when X is greater, coz then it has more 'connections' to transfer the coins. Time will show. For NEM.
For NXT that could have been already calculated - and could have been produced a bit better figures than those infographs as there already exist a lot of data Smiley "

sr. member
Activity: 350
Merit: 250
1$ =1 MEC 2013 (2,56 $) 5$ =1MEC 2014 ?
Hello Fellow Nembers!

small stats from today.

April 19: Tests run: 781, Failures: 0, Errors: 0, Skipped: 0
May 01: Tests run: 878, Failures: 2, Errors: 2, Skipped: 3

So almost hundred new tests in less than 2 weeks (and that is WITHOUT integration-tests)

To answer questions upfront: the two erroneous tests are (for now) supposed to be like that (TDD),
two failing tests will be fixed.

"Be seeing you!"

Wow! Hard work!
sr. member
Activity: 602
Merit: 268
Internet of Value
Any update about the auction? Has it started yet?

not yet, probably won't start until the open Alpha since we want to avoid scam accusation. 
hero member
Activity: 763
Merit: 500
Any update about the auction? Has it started yet?
legendary
Activity: 866
Merit: 1002
Hi

It seems awhile since the last technological update.  How far are we from alpha?


Some remaining issues with NIS: fix connector issues, fix block generation issue, fix unconfirmed balances, add historical balances and integrate POI; remaining issues with NCC: tweaking UX elements; completing account related API. The first testnest is probably 1-2 weeks away.   

but keep in mind following:

so who can participate in the alpha ? stake holders or absolutely everyone ?

Current plan:

Phase 0: core devs
Phase 1: core team
Phase 2: absolutely everyone

No idea how long one phase lasts. It will depend on how well things work and on how much data devs want to collect.

newbie
Activity: 34
Merit: 0
Hi

It seems awhile since the last technological update.  How far are we from alpha?

legendary
Activity: 866
Merit: 1002
Hello Fellow Nembers!

small stats from today.

April 19: Tests run: 781, Failures: 0, Errors: 0, Skipped: 0
May 01: Tests run: 878, Failures: 2, Errors: 2, Skipped: 3

So almost hundred new tests in less than 2 weeks (and that is WITHOUT integration-tests)

To answer questions upfront: the two erroneous tests are (for now) supposed to be like that (TDD),
two failing tests will be fixed.

"Be seeing you!"
sr. member
Activity: 313
Merit: 250
Dude i was only saying that i think Dodge is better than your nxt. Why is this nonsense Yawn.

For driving, definitely.
member
Activity: 89
Merit: 10
Announcement: On behalf of NEM dev. team I would like to invite qualified candidates to apply for the position of marketing manager for NEM.

Qualifications:
- experiences with crypto currency communities.
- familiarity with marketing strategies of different crypo promoting group including Bitcoin, Doge, Blackcoin, Peercoin, NXT.
- good at English writing for promotional materials.

Requirements:    
- can spend at least 20 hours per week on NEM related promotional tasks.
- can volunteer for NEM related works.
- being a NEM stakeholder is preferable (not necessarily one right now but should be one over the long-term).
- can formulate a long term strategy as well as individual promotional projects for NEM.

Benefit:
- This is not a temporary hire but you will be a member of NEM development team (while we can pay for specific tasks) and can benefit as such. You will work in association with me as well as other NEM core developers in our many future endeavors.

Please send me a P.M describing your relevant experiences and I will contact you for further interviews. This is a very important position for NEM, so I expect the selection process will take sometimes but hopefully we will have the position filled before NEM alpha release.

Please spread it as far as possible where you see fit Smiley

You might try posting it to reddit’s r/Jobs4Bitcoin, they have 5,000 readers.
http://www.reddit.com/r/Jobs4Bitcoins
http://www.reddit.com/r/Bitcoin/comments/23wgj3/rjobs4bitcoins_just_hit_5000_readers_thanks/
hero member
Activity: 616
Merit: 500
Dude i was only saying that i think Dodge is better than your nxt. Why is this nonsense Yawn.

There is just 1 thing that Doge is better than NXT & NEM.

That is marketing.

To be honest, I like cats instead of dogs, so I never liked Doge.

Many people don't like Doge BUT; to illustrate the power of Doge. Read the next quote;

"To illustrate network effects, I asked my MBAs: "Who likes Facebook?" No hands raised. "OK, who has a Facebook account?" All hands raised."
sr. member
Activity: 406
Merit: 250
I believe nxt and nem can get success. They are complementary, rather than competitive.
 Grin
Like the relationship between BTC and LTC, but NEM and NXT which will be the next BTC, time will tell us
Ahaha, so will you hold NEM for a long term ? the early BTC player dump their BTC very early. Grin Grin
I  bet he will dump when the price up to 20 saoto.
hero member
Activity: 596
Merit: 500
F*CK WHALES!
I believe nxt and nem can get success. They are complementary, rather than competitive.
 Grin
Like the relationship between BTC and LTC, but NEM and NXT which will be the next BTC, time will tell us
Ahaha, so will you hold NEM for a long term ? the early BTC player dump their BTC very early. Grin Grin
full member
Activity: 183
Merit: 100
I believe nxt and nem can get success. They are complementary, rather than competitive.
 Grin
Like the relationship between BTC and LTC, but NEM and NXT which will be the next BTC, time will tell us
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