Author

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 164. (Read 661498 times)

hero member
Activity: 518
Merit: 504
full member
Activity: 183
Merit: 100
i would likely trade NEM on DGEX.com. Is it possible ?

In addition to this we should try to get on bter.com

https://bitcointalksearch.org/topic/annvote-new-coins-on-btercom-which-new-coin-should-bter-add-in-next-week-502363

freeworm (an admin of bter.com) is all the time looking for something big. This would be a great big push for the acceptance of NEM and its value, too.

why not poloniex ?

Polo would be a great one. Cryptsy just sucks. I think if it went to Bittrex than Polo or Polo than Bittrex you will see the most success. Polo is gaining huge volume everyday and is one of 3 exchanges I use. If NEM can get huge btc volume on those 2 Mintpal will add it without it being voted in.
mintpal  would be nice!
full member
Activity: 183
Merit: 100
Alpha in a few days?!

Software project delay is a normal situation, there are many uncertain factors, patience!
newbie
Activity: 22
Merit: 0
hero member
Activity: 854
Merit: 1001
Would it be possible to distribute the stakes slowly, lets say within 1 or 2 months time to avoid dumping too fast ?
I would not mind to wait for a while to get my stake.

This is clearly a good idea. I approve Wink

Very bad idea. People who will get the coins later will get screwed, while early ones pocket the money selling coins.  There will still be dumping, but only early ones would be making money, while those who come later will be left holding the bags,.

How would we trust the developers aren't picking themselves and their friends first?  They are already getting 10% of stakes, so they will have plenty to sell while  rest watch and wait.

If this system is adapted, I want to see provable/verifiable random mechanism.   That is, Sha256  (BTT account ID) then use that result in a java's Math.random as a seed. No special favors for developers.


+1

All NEM released at the same time, as far as is technically feasible.
Having said that it shouldn't matter when you get your coins, unless you are planning to dump immediately......which I'm certainly not.
Think long term, guys, not just grab 'em and dump 'em.

member
Activity: 83
Merit: 10
Would it be possible to distribute the stakes slowly, lets say within 1 or 2 months time to avoid dumping too fast ?
I would not mind to wait for a while to get my stake.

This is clearly a good idea. I approve Wink

Very bad idea. People who will get the coins later will get screwed, while early ones pocket the money selling coins.  There will still be dumping, but only early ones would be making money, while those who come later will be left holding the bags,.

How would we trust the developers aren't picking themselves and their friends first?  They are already getting 10% of stakes, so they will have plenty to sell while  rest watch and wait.

If this system is adapted, I want to see provable/verifiable random mechanism.   That is, Sha256  (BTT account ID) then use that result in a java's Math.random as a seed. No special favors for developers.






I taught that devs would be the last ones who wanted NEM to sink below all the crap-coins. And they probably know that it's much wiser to sell a bit later and slowly to  keep the price higher, cause that is better for NEM and for their own wealth.
And some clever system like that "random mechanism" should be done if that's necessary for peace of mind.
hero member
Activity: 854
Merit: 1000
https://iota.org/
Hi Guys,

When it's going to be alfa for this GREAT coins?

Cheers.
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.

hero member
Activity: 644
Merit: 500
Would it be possible to distribute the stakes slowly, lets say within 1 or 2 months time to avoid dumping too fast ?
I would not mind to wait for a while to get my stake.

This is clearly a good idea. I approve Wink

Very bad idea. People who will get the coins later will get screwed, while early ones pocket the money selling coins.  There will still be dumping, but only early ones would be making money, while those who come later will be left holding the bags,.

How would we trust the developers aren't picking themselves and their friends first?  They are already getting 10% of stakes, so they will have plenty to sell while  rest watch and wait.

If this system is adapted, I want to see provable/verifiable random mechanism.   That is, Sha256  (BTT account ID) then use that result in a java's Math.random as a seed. No special favors for developers.



newbie
Activity: 6
Merit: 0
Would it be possible to distribute the stakes slowly, lets say within 1 or 2 months time to avoid dumping too fast ?
I would not mind to wait for a while to get my stake.

This is clearly a good idea. I approve Wink
legendary
Activity: 1036
Merit: 1000
First of the list first distribute  Tongue
member
Activity: 83
Merit: 10
Would it be possible to distribute the stakes slowly, lets say within 1 or 2 months time to avoid dumping too fast ?
I would not mind to wait for a while to get my stake.
sr. member
Activity: 490
Merit: 252
i would likely trade NEM on DGEX.com. Is it possible ?

In addition to this we should try to get on bter.com

https://bitcointalksearch.org/topic/annvote-new-coins-on-btercom-which-new-coin-should-bter-add-in-next-week-502363

freeworm (an admin of bter.com) is all the time looking for something big. This would be a great big push for the acceptance of NEM and its value, too.

why not poloniex ?

Polo would be a great one. Cryptsy just sucks. I think if it went to Bittrex than Polo or Polo than Bittrex you will see the most success. Polo is gaining huge volume everyday and is one of 3 exchanges I use. If NEM can get huge btc volume on those 2 Mintpal will add it without it being voted in.


Maybe  Wink

Personally I'd like to stay away from exchanges that add every crapcoin. I wouldn't want to see NEM mixed in with all the clones and the rest of the swamp.
Let's try to get something more exclusive going for NEM Smiley

Also If I remember correctly we've decided not to approach DGEX. Best to set us apart from NXT and most importantly from NAS.

Yeah, I think an exclusive exchange would be great to start with, but we should also consider something like Mintpal. It is probably the best right now. Good security, simple and clean design, and really great customer service.(I have opened 2 tickets for problems. One was solved in 5 min and another in 30 min.) Mintpal should definitely be on our list.

Not sure but I thought that Nxt would integrate an exchange into the wallet so that you don't have to use exchanges anymore and put your coins at risk of being stolen. Did Nem consider doing this too?
full member
Activity: 224
Merit: 100
NEM Enthusiast
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.
full member
Activity: 224
Merit: 100
NEM Enthusiast
When can i buy some steak ??

Unfortunately, the 'call for participation' ended 17th February 2014. There was also a waiting list (from which 120 people will be selected to join for a fee of 0.1BTC; this selection hasn't yet happened) which was closed 9th April 2014.

There will be an auction soon (possibly next weekend) where 120 stakes will be sold to the highest bidder. More information on this will be posted here on Bitcointalk or on NEM's various social network accounts (the forum, Reddit, Facebook and Twitter). 

Alpha in a few days?!

The Alpha will be soon, but probably won't be in April; early May is likely.

To everyone: Make sure you read the F.A.Q.s thread on the forum, they should answer most of your questions.
hero member
Activity: 756
Merit: 506
member
Activity: 75
Merit: 10
wow, I remember time when we were counting on DGEX, No, we were hoping in DGEX... now, we are too good for it. 
NEM goes hard  Wink
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
i would likely trade NEM on DGEX.com. Is it possible ?

In addition to this we should try to get on bter.com

https://bitcointalksearch.org/topic/annvote-new-coins-on-btercom-which-new-coin-should-bter-add-in-next-week-502363

freeworm (an admin of bter.com) is all the time looking for something big. This would be a great big push for the acceptance of NEM and its value, too.

why not poloniex ?

Polo would be a great one. Cryptsy just sucks. I think if it went to Bittrex than Polo or Polo than Bittrex you will see the most success. Polo is gaining huge volume everyday and is one of 3 exchanges I use. If NEM can get huge btc volume on those 2 Mintpal will add it without it being voted in.


Maybe  Wink

Personally I'd like to stay away from exchanges that add every crapcoin. I wouldn't want to see NEM mixed in with all the clones and the rest of the swamp.
Let's try to get something more exclusive going for NEM Smiley

Also If I remember correctly we've decided not to approach DGEX. Best to set us apart from NXT and most importantly from NAS.

Yeah, I think an exclusive exchange would be great to start with, but we should also consider something like Mintpal. It is probably the best right now. Good security, simple and clean design, and really great customer service.(I have opened 2 tickets for problems. One was solved in 5 min and another in 30 min.) Mintpal should definitely be on our list.
hero member
Activity: 980
Merit: 1001
i would likely trade NEM on DGEX.com. Is it possible ?

In addition to this we should try to get on bter.com

https://bitcointalksearch.org/topic/annvote-new-coins-on-btercom-which-new-coin-should-bter-add-in-next-week-502363

freeworm (an admin of bter.com) is all the time looking for something big. This would be a great big push for the acceptance of NEM and its value, too.

why not poloniex ?

Polo would be a great one. Cryptsy just sucks. I think if it went to Bittrex than Polo or Polo than Bittrex you will see the most success. Polo is gaining huge volume everyday and is one of 3 exchanges I use. If NEM can get huge btc volume on those 2 Mintpal will add it without it being voted in.


Maybe  Wink

Personally I'd like to stay away from exchanges that add every crapcoin. I wouldn't want to see NEM mixed in with all the clones and the rest of the swamp.
Let's try to get something more exclusive going for NEM Smiley

Also If I remember correctly we've decided not to approach DGEX. Best to set us apart from NXT and most importantly from NAS.
member
Activity: 63
Merit: 10
When is our Alpha test going to happen guys. Im so excited. Grin Grin Grin Grin Grin Grin Grin
I love this community.
From catching up Alpha soooon and yes good community  Smiley
Jump to: