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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 162. (Read 661498 times)

sr. member
Activity: 602
Merit: 268
Internet of Value
just simple question- when will be any Alfa or anything for us- after week, month or year???
because after many months we have just bla,bla,bla...and auction instead of just give people from waiting list stakes...
IT'S REALLY VERY PITY!!!

It is coming soon (weeks not months or years). There is a choice that does not involve complaining for anyone who loses patience as well.
sr. member
Activity: 602
Merit: 268
Internet of Value

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 ?

As odd as it sounds, no reserve always seem to yield higher price.

That's what I observe too. The likely reason is that no reserved auction has a bigger pool of buyers and therefore more demand. Some does not enter reserved auction due to the uncertainty of wasting time even when winning a bid. There is also a certain psychological aspect that makes certain bidders want to stay away from no reserve auction.
full member
Activity: 133
Merit: 100
just simple question- when will be any Alfa or anything for us- after week, month or year???
because after many months we have just bla,bla,bla...and auction instead of just give people from waiting list stakes...
IT'S REALLY VERY PITY!!!
sr. member
Activity: 602
Merit: 268
Internet of Value
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
hero member
Activity: 821
Merit: 1000

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 ?

As odd as it sounds, no reserve always seem to yield higher price.
sr. member
Activity: 602
Merit: 268
Internet of Value
My vision:

I think you all expect way to much of this auction.

A high price at auction has no effect on the WHOLE batch of NEM.
Reason why it will fetch a high price is of the low amount of stakes being sold.

Imagine:

- We put 5 stakes up for auction
- 10 stakes
- 100 stakes
- 120 stakes

Which stakes do you think will fetch the highest prices?
Now think of what happens when ALL of the 3 billion NEM potentially comes available on an exchange...

Even if people know there are 3000 stakes already, they will still overbid on a small available part.

All what this will create is a high INITIAL price, NEM will skyrocket and then collapse to what people are willing to invest (long term).
Of course this initial high price will always happen, but to auction of a small part of NEM will only amplify things.

EDIT: I think we should stick to the first plan and distribute the stakes to the people in the waiting list. That will create the most fair start for everyone.

The auction is just a way for more people to join in. As you said the high initial price will happen anyway so I don't think the auction will have a huge effect on that.
We are sticking to the original plan. There are also stakes allocated to go to the waitinglist.

Wasn't the real initial plan to distribute the sockpuppet stakes to the people on the waiting list?

two reasons: sockpuppets are in the waiting list as well so the actual qualified stakeholders are way lower than what it seems in the waiting list; not all available stakes now are refund stakes. Some are from eliminating cases of 1 account/ multiple stakes, mistakes, eliminating hash stealing frauds etc.  Having a part of NEM going to auction is fine since it gives a variety to NEM initial funding and constituency.
hero member
Activity: 616
Merit: 500
TEZOS
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.

Quote
Пoлнocтью paздeляю этy тoчкy зpeния. + 1
Haдo дaть пpoдaть cвoи дoли вceм ктo xoчeт в caмoм нaчaлe иx пpoдaть. Дo cтapтa тopгoв нa биpжe. Чepeз ayкциoн.

Я пpeдлaгaю вceм, ктo жeлaeт пpoдaть cвoи дoли, пpинять yчacтиe в чecтнoм ayкциoнe, в peзyльтaтe кoтopoгo вы пpoдaдитe cвoи дoли ecли вы иx тaк xoтитe пpoдaть и нa цeнe этo пoтoм нe бyдeт oтpaжaтьcя, пoтoмy чтo cливaть мoнeтy пoтoм нa биpжax yжe нeкoмy бyдeт и oнa имeeт шaнcы пoйти в pocт тaк кaк вce тe, ктo xoтeли пpoдaть cвoи дoли, oни иx пpoдaдyт eщё дo нaчaлa тopгoв нa биpжax, нa ayкциoнe.

Пpeдлaгaю ayкциoн cдeлaть мeтoдoм пoвeшeния cтaвoк. Haпpимep, лoт 1000000 Nem = 5 BTC. Haчaлo ayкциoнa. Ктo-тo cтaвит cтaвкy 5.1 BTC, нaчинaeт oтcчитывaтьcя тaймep 5 минyт. Ecли в тeчeнии 5 минyт никтo нe cдeлaeт cтaвкy cкaжeм 5.2 BTC, тo лoт 1000000 Nem yxoдит пo цeнe 5.1 BTC. И в тaкoм дyxe нyжнo вecти ayкциoн пo нapacтaющeй цeнe. Taким oбpaзoм y людeй бyдeт aзapт кyпить дoли, пoтoмy чтo пocлe этoгo ayкциoнa вce зaинтepecoвaнныe cтopoны, кoтopыe xoтят пpoдaть мoнeтy в caмoм нaчaлe пpoдaдyтcя и цeнa пoтoм нa биpжax бyдeт идти тoлькo ввepx и ввepx, пoтoмy чтo никтo нe бyдeт пpoдaвaть мoнeтy пo цeнe нижe пoкyпки.

Я зa ayкциoн. Я зa тo, чтoбы чepeз ayкциoн вce зaинтepecoвaнныe в пpoдaжe cвoиx дoлeй пpoдaлиcь. Дyмaю 2 нeдeли нaм xвaтит вceм для тoгo чтoбы пpoвecти этoт ayкциoн, пocлe нeгo yжe нaчнyтcя тopги нa кpyпныx биpжax и цeнa дoлжнa бyдeт пoйти тoлькo ввepx, пoтoмy чтo кyпившиe дoпycтим дoли пo 5 BTC, бyдyт иx пpoдaвaть yжe пo бoлee выcoкoй цeнe, нo никaк нe нижe.

Quote
Completely I share this point of view. + 1
It is necessary to allow to sell the shares to all who wants to sell at the very beginning of them. Before start of the auction at the exchange. Through auction.

I offer all who wishes to sell the shares, to take part in honest auction as a result of which you will sell the shares if you so want to sell them and it won't be reflected then in the price because to merge a coin then at the exchanges there will be already nobody and it has chances to go to growth as all those who wanted to sell the shares, they will sell them even prior to the auction at the exchanges, at auction.

I suggest auction to make a method of hanging of rates. For example, lot of 1000000 Nem = 5 BTC. Auction beginning. Someone puts a rate 5.1 BTC, the timer of 5 minutes starts being counted. If within 5 minutes nobody relies we will tell 5.2 BTC, the lot of 1000000 Nem leaves at the price 5.1 BTC. And in such spirit it is necessary to conduct auction at the accruing price. Thus from people will be passion to buy shares because after that auction all interested parties which want to sell a coin right at the beginning will be on sale and the price at the exchanges will go then only up and up because nobody will sell a coin at the price below purchase.

I for auction. I for that through auction all interested in sale of the shares were on sale. 2 weeks to us think will suffice all to carry out this auction, after it the auction at the large exchanges will already begin and the price will have to go only up because the bought we will allow shares on 5 BTC, them will already sell at higher price, but in any way below.

hero member
Activity: 980
Merit: 1001
is there any timetable for releasing some product?

See more and more NXT clones being out. Any progress on NEM?

Theres no definitive timeline no. NXT clones are already coming out because they are just that - clones.
legendary
Activity: 966
Merit: 1009
is there any timetable for releasing some product?

See more and more NXT clones being out. Any progress on NEM?
sr. member
Activity: 338
Merit: 250
My vision:

I think you all expect way to much of this auction.

A high price at auction has no effect on the WHOLE batch of NEM.
Reason why it will fetch a high price is of the low amount of stakes being sold.

Imagine:

- We put 5 stakes up for auction
- 10 stakes
- 100 stakes
- 120 stakes

Which stakes do you think will fetch the highest prices?
Now think of what happens when ALL of the 3 billion NEM potentially comes available on an exchange...

Even if people know there are 3000 stakes already, they will still overbid on a small available part.

All what this will create is a high INITIAL price, NEM will skyrocket and then collapse to what people are willing to invest (long term).
Of course this initial high price will always happen, but to auction of a small part of NEM will only amplify things.

EDIT: I think we should stick to the first plan and distribute the stakes to the people in the waiting list. That will create the most fair start for everyone.

The auction is just a way for more people to join in. As you said the high initial price will happen anyway so I don't think the auction will have a huge effect on that.
We are sticking to the original plan. There are also stakes allocated to go to the waitinglist.

Wasn't the real initial plan to distribute the sockpuppet stakes to the people on the waiting list?
sr. member
Activity: 263
Merit: 250
Now the market downturn, hoping to get a high market value, may not be realistic. could  be 1 NEM stake=  5BTC
hero member
Activity: 980
Merit: 1001

No, it doesn't. 800 NXT != 0.8 BTC.

Well... The idea makes sense maybe not the math... Wink
My vision:

I think you all expect way to much of this auction.

A high price at auction has no effect on the WHOLE batch of NEM.
Reason why it will fetch a high price is of the low amount of stakes being sold.

Imagine:

- We put 5 stakes up for auction
- 10 stakes
- 100 stakes
- 120 stakes

Which stakes do you think will fetch the highest prices?
Now think of what happens when ALL of the 3 billion NEM potentially comes available on an exchange...

Even if people know there are 3000 stakes already, they will still overbid on a small available part.

All what this will create is a high INITIAL price, NEM will skyrocket and then collapse to what people are willing to invest (long term).
Of course this initial high price will always happen, but to auction of a small part of NEM will only amplify things.

EDIT: I think we should stick to the first plan and distribute the stakes to the people in the waiting list. That will create the most fair start for everyone.

The auction is just a way for more people to join in. As you said the high initial price will happen anyway so I don't think the auction will have a huge effect on that.
We are sticking to the original plan. There are also stakes allocated to go to the waitinglist.
sr. member
Activity: 338
Merit: 250

No, it doesn't. 800 NXT != 0.8 BTC.

Well... The idea makes sense maybe not the math... Wink
My vision:

I think you all expect way to much of this auction.

A high price at auction has no effect on the WHOLE batch of NEM.
Reason why it will fetch a high price is of the low amount of stakes being sold.

Imagine:

- We put 5 stakes up for auction
- 10 stakes
- 100 stakes
- 120 stakes

Which stakes do you think will fetch the highest prices?
Now think of what happens when ALL of the 3 billion NEM potentially comes available on an exchange...

Even if people know there are 3000 stakes already, they will still overbid on a small available part.

All what this will create is a high INITIAL price, NEM will skyrocket and then collapse to what people are willing to invest (long term).
Of course this initial high price will always happen, but to auction of a small part of NEM will only amplify things.

EDIT: I think we should stick to the first plan and distribute the stakes to the people in the waiting list. That will create the most fair start for everyone.
newbie
Activity: 51
Merit: 0
Quote
Cтaвя тaкиe низкиe нaчaльныe цeны ayкциoнa oт 0.2 - 0.5 BTC вы нe бoитecь тoгo, чтo Nem мoжeт пoтoм oкaзaтьcя зa 100 мecтo пo Market cap и cтaть тaм ни кoмy нe нyжнoй мoнeтoй, нa кoтopyю внимaния нe бyдyт oбpaщaть и цeнa плaвнo бyдeт идти вниз и вниз. B итoгe oкaжeтcя нa 150 мecтe пo Market cap.

Pacкpoю вaм вceм oдин ceкpeт - ceйчac инвecтopы peдкo ктo cмoтpят дaльшe 10 мecтa пo Market cap. Te ктo идyт дaльшe 10 мecтa и нe тopгyютcя нa тaкиx кpyпныx биpжax кaк Btc-e - вce oни пoтeнциaльныe тpyпы мoнeты.

Bы xoтитe пoxopoнить Nem низкoй изнaчaльнo цeнoй и низким зa 100 мecтo пo вepcии Market cap?

Quote
Putting such low initial prices of auction from 0.2 - 0.5 BTC you aren't afraid of that Nem can appear then for the 100th place on Market cap and to become there to whom not the necessary coin on which attention won't turn and the price smoothly will go down and down. As a result it will appear on the 150th place on Market cap.

I will cut out to all of you one secret - now investors seldom who look further the 10th place on Market cap. Those who go further the 10th place and don't bargain at such large exchanges as Btc-e - all of them are potential corpses of a coin.

You want to bury Nem low initially at the price of and low for the 100th place according to Market cap?

+1
Thats the way I'm also thinking about it. We should start in Top 10! That will guarantee NEM will remain in the Top 10.
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
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.
member
Activity: 75
Merit: 10
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.

If I were just thinking about myself I would hope this is right because I don't have a stake. I would by a bunch.

But if this is the price, that would be pretty bad for NEMs value. The community and especially the Devs behind this project should be worth at least 5 to 10 BTC min.

the starting price doesnt really matter but at the same time.. its not good to under/over value the project.... .5-1 btc should be the starting price.... or.. do batches starting out set the first batch to .2 and the second batch starting price 75-90 percent of the previous batch and batches getting smaller over time.. so you could go

40 stakes starting out at .2
(assume .8 per stake acheived)

30 @ .6
(1btc acheived)

20 @ .75
(1.4)

10 @ .85
(1.8 )

5 @ .95
(3)

5 @ 2.25
(4)
 
5 * 2 stakes @ 3btc

I think the starting price should be what would have been the next step if the registration thread would not have been closed.

We were at 750 NXT / .75 BTC right ?

Let's make the starting price 800 NXT / .8 BTC then. 

Makes sense

No, it doesn't. 800 NXT != 0.8 BTC.

Well... The idea makes sense maybe not the math... Wink
full member
Activity: 171
Merit: 100
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.

If I were just thinking about myself I would hope this is right because I don't have a stake. I would by a bunch.

But if this is the price, that would be pretty bad for NEMs value. The community and especially the Devs behind this project should be worth at least 5 to 10 BTC min.

the starting price doesnt really matter but at the same time.. its not good to under/over value the project.... .5-1 btc should be the starting price.... or.. do batches starting out set the first batch to .2 and the second batch starting price 75-90 percent of the previous batch and batches getting smaller over time.. so you could go

40 stakes starting out at .2
(assume .8 per stake acheived)

30 @ .6
(1btc acheived)

20 @ .75
(1.4)

10 @ .85
(1.8 )

5 @ .95
(3)

5 @ 2.25
(4)
 
5 * 2 stakes @ 3btc

I think the starting price should be what would have been the next step if the registration thread would not have been closed.

We were at 750 NXT / .75 BTC right ?

Let's make the starting price 800 NXT / .8 BTC then. 

Makes sense

No, it doesn't. 800 NXT != 0.8 BTC.
hero member
Activity: 1110
Merit: 534
has any one any experience with code academy? and when it comes to cryptos.. whats the best language to learn? iv done a good bit in jave but not a massive amount. so would it be best to continue with java?

Hello.

Code academy is good is some ways but in other it isn't.
For example there are a lot of exercises with solutions which is good but i think the way
that things are explained there is not good for people without any experience in programming.
I'm saying this because i know people that completed some of this courses on code academy
and got those points there but when a assignment was given to them they were unable
to solve simple problems.

From that perspective I would suggest you to check some beginners  programming
courses on coursera at https://www.coursera.org/

Also when it comes to cryptos or in general what is the best language to learn I would say
start with python if you have no experience at all.
Then when you master this and the programming principles gets clear to you than you
can switch to other languages easy.

If you started with java and if understanding of (OOP) Object Oriented Programming is not
a big deal for you than you should stick with Java until you get some experience
and try to make some small programs with it.

I hope i helped you little bit Wink

Bye.
member
Activity: 75
Merit: 10
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.

If I were just thinking about myself I would hope this is right because I don't have a stake. I would by a bunch.

But if this is the price, that would be pretty bad for NEMs value. The community and especially the Devs behind this project should be worth at least 5 to 10 BTC min.

the starting price doesnt really matter but at the same time.. its not good to under/over value the project.... .5-1 btc should be the starting price.... or.. do batches starting out set the first batch to .2 and the second batch starting price 75-90 percent of the previous batch and batches getting smaller over time.. so you could go

40 stakes starting out at .2
(assume .8 per stake acheived)

30 @ .6
(1btc acheived)

20 @ .75
(1.4)

10 @ .85
(1.8 )

5 @ .95
(3)

5 @ 2.25
(4)
 
5 * 2 stakes @ 3btc

I think the starting price should be what would have been the next step if the registration thread would not have been closed.

We were at 750 NXT / .75 BTC right ?

Let's make the starting price 800 NXT / .8 BTC then. 

Makes sense
sr. member
Activity: 437
Merit: 250
I'm looking forward for testing an alpha version
and if i'm able to do to setup a NEM-Node Smiley

thx for the amazing project

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