I missed the IPO. I'm so sad right now 
Next time better dude.
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 160. (Read 661498 times)
April 28, 2014, 02:46:18 AM
Next time better dude.
April 28, 2014, 02:42:47 AM
...random crap from some troll...
Awww that's so cute. Look at that little troll trying so hard. Where are you from little troll? NAS ? NXTL ? NEXX ?
April 28, 2014, 02:19:25 AM
go home it is all over guys.
nem is just a stakeholder list and a few beautiful pictures.
don't give it btc, you'll lose all.
nem is just a stakeholder list and a few beautiful pictures.
don't give it btc, you'll lose all.
April 28, 2014, 12:54:20 AM
any safeguards against clones of nem planned? or will it even be needed?
The radiation in space will keep clones from joining us on the moon.
Are you hinting that NEM has a "radiation shield"?
I'm hinting at teleportation
NEM is very unique, because we are the only ones that have a Time Lord in our dev team!
So the NEM dev team includes, amongst others:
- Satoshi
- BCNext
- The Doctor
- The Queen of England
- Neil deGrasse Tyson
Pretty sure Chuck Norris has had a say with the NCC too.
April 28, 2014, 12:37:31 AM
uhuuuu can't waiting more !!!
April 28, 2014, 12:33:08 AM
any safeguards against clones of nem planned? or will it even be needed?
The radiation in space will keep clones from joining us on the moon.
Are you hinting that NEM has a "radiation shield"?
I'm hinting at teleportation
NEM is very unique, because we are the only ones that have a Time Lord in our dev team!
April 27, 2014, 11:47:16 PM
any safeguards against clones of nem planned? or will it even be needed?
The radiation in space will keep clones from joining us on the moon.
Are you hinting that NEM has a "radiation shield"?
I'm hinting at teleportation
April 27, 2014, 11:39:16 PM
UP, Pat, rest of Devs, and community,
Can we start an official Buy/Sell thread for the dumpers right now?
Let's get those that just want to dump their stake out of the way right now.
Thoughts??
Can we start an official Buy/Sell thread for the dumpers right now?
Let's get those that just want to dump their stake out of the way right now.
Thoughts??
Я пpeдлoжил этo cдeлaть чepeз ayкциoн. Пycть вce тe, ктo xoтят пpoдaть cвoи дoли, cдeлaют этo чepeз cвoбoдный ayкциoн. T. e. дo тoгo кaк мoнeтa выйдeт нa биpжи. Taким oбpaзoм вce тe, ктo нe ycпeл нa IPO cмoгyт пpинять yчacтe в ayкциoнe и кyпить ceбe дoли дo тoгo мoмeнтa пoкa мoнeтa выйдeт пo бoлee дopoгим цeнaм нa биpжи.
Translate :
I suggested it to make through auction. Let all those who want to sell the shares, will make it through free auction. I.e. before the coin comes to the exchanges. Thus those who wasn't in time on IPO will be able to accept all of a fate in auction and until to buy shares while the coin leaves at more expensive prices of the exchanges.
April 27, 2014, 10:45:56 PM
A litter update: I just sent out the first wave of invitation to the waiting list. You could see the new column of waiting list invitation in a separate tab in NEM final stakeholder list https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=6 ;
I do not invite any account with litter activity (less than 5 posts) and likely to be a sockpuppet. The first wave of invitations are sent to Priority 1 group (senior members with more activity or with likely more contributions). Given the number of stakes reserved for the waiting list, Priority group 1 is guaranteed to get a stake if they want and all of Priority group 2 are still very likely to have a stake as well.
The works on refunding list are almost done and now we are one step closer to the ultimate final stakeholder list. Stay tuned in the thread for more updates and the coming Alpha release. Thanks.
another step,good job I do not invite any account with litter activity (less than 5 posts) and likely to be a sockpuppet. The first wave of invitations are sent to Priority 1 group (senior members with more activity or with likely more contributions). Given the number of stakes reserved for the waiting list, Priority group 1 is guaranteed to get a stake if they want and all of Priority group 2 are still very likely to have a stake as well.
The works on refunding list are almost done and now we are one step closer to the ultimate final stakeholder list. Stay tuned in the thread for more updates and the coming Alpha release. Thanks.
April 27, 2014, 10:28:15 PM
any safeguards against clones of nem planned? or will it even be needed?
The radiation in space will keep clones from joining us on the moon.
Are you hinting that NEM has a "radiation shield"?
April 27, 2014, 10:27:13 PM
Im so excited and I just cant hide it. 
April 27, 2014, 10:22:17 PM
A litter update: I just sent out the first wave of invitation to the waiting list. You could see the new column of waiting list invitation in a separate tab in NEM final stakeholder list https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=6 ;
I do not invite any account with litter activity (less than 5 posts) and likely to be a sockpuppet. The first wave of invitations are sent to Priority 1 group (senior members with more activity or with likely more contributions). Given the number of stakes reserved for the waiting list, Priority group 1 is guaranteed to get a stake if they want and all of Priority group 2 are still very likely to have a stake as well.
The works on refunding list are almost done and now we are one step closer to the ultimate final stakeholder list. Stay tuned in the thread for more updates and the coming Alpha release. Thanks.
I do not invite any account with litter activity (less than 5 posts) and likely to be a sockpuppet. The first wave of invitations are sent to Priority 1 group (senior members with more activity or with likely more contributions). Given the number of stakes reserved for the waiting list, Priority group 1 is guaranteed to get a stake if they want and all of Priority group 2 are still very likely to have a stake as well.
The works on refunding list are almost done and now we are one step closer to the ultimate final stakeholder list. Stay tuned in the thread for more updates and the coming Alpha release. Thanks.
April 27, 2014, 10:08:36 PM
227 pages!
thing goes well
[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread « 1 2 ... 226 227 » utopianfuture 4537replies 92078views Today at 10:28:35 AMthing goes well
Go,go,go..... 100,000views
[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread « 1 2 ... 332 333 » utopianfuture 6658replies 141358 views
Go,go,go..... 200,000views
This is amazing.
NAS at a marketcap of nearly $400k. Let's be conservative and say we at least match them and have 3000 stakeholders at launch sharing 90% of the coins, each of our stakes will be worth $120. Let's say we crush the pre-marketing and this far into it we are over the $1M mark, that puts our stakes at $300.
Could we be in the top 20 and start seeing 2M market cap? Blow past VertCoin? Then we will have stakes worth 1-2BTC
Is NEM the NxT killer? Do we see that Doge like market caps of 50-75M. There is no reason we couldn't. stakes at point will be worth $15,000-20,000.
My prediction for the stake auction will be .25-.5 BTC. Max of 1BTC.
April 27, 2014, 09:41:50 PM
is anyone going to any of the bitcoin confrences?
https://bitcoin.org/en/events
what about auctioning off a handful of stakes live at the conference.. set up a stand.. explain nem and what the whole project is about to people and allow them to bid on stakes! (or partial stakes)
or you could just have a full blown stand up and yell bdbdbdbbdbdbdbd 1 bitcoin bdbdbd can i get 2 bdbdbdbd sold to the bitcoin junky in the back row! now that would draw attention lol
https://bitcoin.org/en/events
what about auctioning off a handful of stakes live at the conference.. set up a stand.. explain nem and what the whole project is about to people and allow them to bid on stakes! (or partial stakes)
or you could just have a full blown stand up and yell bdbdbdbbdbdbdbd 1 bitcoin bdbdbd can i get 2 bdbdbdbd sold to the bitcoin junky in the back row! now that would draw attention lol
I hope some of use can attend some conferences once we launch/get close to launch.
This sounds like a fun time.
April 27, 2014, 08:16:51 PM
is anyone going to any of the bitcoin confrences?
https://bitcoin.org/en/events
what about auctioning off a handful of stakes live at the conference.. set up a stand.. explain nem and what the whole project is about to people and allow them to bid on stakes! (or partial stakes)
or you could just have a full blown stand up and yell bdbdbdbbdbdbdbd 1 bitcoin bdbdbd can i get 2 bdbdbdbd sold to the bitcoin junky in the back row! now that would draw attention lol
https://bitcoin.org/en/events
what about auctioning off a handful of stakes live at the conference.. set up a stand.. explain nem and what the whole project is about to people and allow them to bid on stakes! (or partial stakes)
or you could just have a full blown stand up and yell bdbdbdbbdbdbdbd 1 bitcoin bdbdbd can i get 2 bdbdbdbd sold to the bitcoin junky in the back row! now that would draw attention lol
I hope some of use can attend some conferences once we launch/get close to launch.
April 27, 2014, 08:12:49 PM
Todays cars are high tech products. But no one has to be an engineer to ride the car.
Just sit in and drive.
NEM should create a similar situation for the coin.
For people's widespread acceptance NEM handling should be possible for ordinary people.
Simple NEM handling should be the surface common people see.
Technical details may be interesting for experts.
Just sit in and drive.
NEM should create a similar situation for the coin.
For people's widespread acceptance NEM handling should be possible for ordinary people.
Simple NEM handling should be the surface common people see.
Technical details may be interesting for experts.
I totally agree with this.
April 27, 2014, 08:07:09 PM
any safeguards against clones of nem planned? or will it even be needed?
The radiation in space will keep clones from joining us on the moon.
April 27, 2014, 07:47:47 PM
227 pages!
thing goes well
[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread « 1 2 ... 226 227 » utopianfuture 4537replies 92078views Today at 10:28:35 AMthing goes well
Go,go,go..... 100,000views
[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread « 1 2 ... 332 333 » utopianfuture 6658replies 141358 views
Go,go,go..... 200,000views
This is amazing.
April 27, 2014, 07:33:18 PM
My biggest problem with the sale of stakes is it goes against the original principles of the coins IPO. Because odds are a fair number of already existent stakeholders will attempt to buy in more stakes (Say, those who created sockpuppets), making the coin far less distributed. This is not good news and really tarnishes what was otherwise a good start.
it's a pity we didn't have an IPO whereby stakeholders received their coins gradually rather than in one whole lump sum, this way, dumping is a near null concern and it'll also stop any sort of co-ordinated market manipulation. However, this doesn't trouble me much at all mainly because we've already got a vast number of stakeholders already, which suffices enough as far as i'm concerned.
it's a pity we didn't have an IPO whereby stakeholders received their coins gradually rather than in one whole lump sum, this way, dumping is a near null concern and it'll also stop any sort of co-ordinated market manipulation. However, this doesn't trouble me much at all mainly because we've already got a vast number of stakeholders already, which suffices enough as far as i'm concerned.
April 27, 2014, 07:02:10 PM
I think a fair starting price for each stake is between 0.2-0.5 BTC. The stakes for the waiting list guys will be 0.1 BTC, so a 0.2 BTC starting price seems fair to me.
But fairness doesn't seem to have a clear meaning in this situation.
Fairness relative to what, to buyers or to the devs and community who put a lot of hard work into this?
The call to participation was 1st phase to get in, waiting list is 2nd phase and auction is whole different matter.
With the auction we should aim to prepare for the market and set a real price for the stakes. The call for participation and auction should not be put together and compared because they are different things with different purpose.
Anyway, I would be very interested to hear Utopians view on this matter.
One question. If you auction 2 identical Macbook on Ebay at the same time, which one will yield higher price ? the one set up with a no reserve auction or the one set up with a 1000$ reserved auction ?
Interesting question. I think the answer here may depend a lot on the product at hand. If it is a Macbook, given the brand Apple has build, the product may indeed sell even better without a starting price. But that is not because the starting price is the most important factor, but rather, as I said, due to the great brand Apple has built and the strong demand that exists for their products. Indeed, I think the absence of a starting price when a great brand and enough demand exist, would gather a lot more people around an auction simply because the auction will feed their impression that they could buy a high value product for a cheap price, even though in the end they may pay more than they would have if the price was fixed.
So the natural question that arises now is do we have a strong enough brand to benefit from an absence of price or should we start with at least half the price we would expect to be minimum, as a safety precaution?
I was also thinking about Nassim Taleb's(some of you may be familiar to his ideas) antifragility theory and I think our aim should be to create an antifragile or at least resilient/robust market. Meaning that we should not fear the dumpers, but take them into account and even encourage(incentivize) them to get it over with as soon as possible. In fact, there may be some people who have received a stake but don't intend to help or keep it and so through this natural selection process the real supporters hold and contribute to the value of the movement while the dumpers exit and help us grow even faster by decreasing the risk to big dumping happening further down the road.
I agree. Our initial thought is to offer the first auction on the Alpha release to avoid scam accusation and we will take some times to build the brand up to that point. The likely method of auction is http://en.wikipedia.org/wiki/Multiunit_auction. We will write a more detail guidelines at least one week before the auction but that's something everyone can study first if they are interested in the auction. Uniform auction have been used for U.S Treasury auctions. You can read about the theories and empirical studies of this type of auction here http://www.treasury.gov/resource-center/fin-mkts/Documents/final.pdf and here http://www.treasury.gov/resource-center/fin-mkts/Documents/upas2.pdf
Utopianfuture, are you familiar with the work of Taleb? (The Black Swan and Antifragile)
If you are interested in economics I assume you have heard of him. If not, I urge you, this is a person you cannot afford not to read. He is simply too good to be ignored if you are interested in science, philosophy, economics, etc.
If you read him, just let me know what you think.
Nassim Nicholas Taleb. +1
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