Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 183. (Read 661498 times)
April 20, 2014, 09:45:34 PM
Look forward to the white paper. Is there a date to release the white paper?
April 20, 2014, 08:00:35 PM
Frankly saying I don't worry much if someone attacks NEM using this attack vector, I hoped that I could steal borrow ur solution, hehe...
BAM!
The most hopeful thing I've read in weeks. I have read CfB's post going back more than a year (and there are a lot). I highly respect him in this field. I'm so excited to hear him say that NEM might have something in common with Qubic in a distant cousin way. I for one have been really excited about POI. Since the third year of bitcoin there has been a mining problem. I'll some up his posts so you don't have to read them. CfB knew about bitcoin's mining problem and was working on a solution before bitcoin was $1. I really hope and am really excited to hear any feedback post white paper.
I agree. Nonetheless i do have alot of Faith in NEM - NEM is by far the best thing to come along since NXT. When you consider the Gox mess and other PoW related woes, i believe cryptocurrency in general needs a radical new approach to coins rather than your typical PoW/Litecoin/BTC clone.
April 20, 2014, 06:54:20 PM
Frankly saying I don't worry much if someone attacks NEM using this attack vector, I hoped that I could steal borrow ur solution, hehe...
BAM!
The most hopeful thing I've read in weeks. I have read CfB's post going back more than a year (and there are a lot). I highly respect him in this field. I'm so excited to hear him say that NEM might have something in common with Qubic in a distant cousin way. I for one have been really excited about POI. Since the third year of bitcoin there has been a mining problem. I'll some up his posts so you don't have to read them. CfB knew about bitcoin's mining problem and was working on a solution before bitcoin was $1. I really hope and am really excited to hear any feedback post white paper.
April 20, 2014, 05:36:10 PM
Frankly saying I don't worry much if someone attacks NEM using this attack vector, I hoped that I could steal borrow ur solution, hehe...
BAM!
The most hopeful thing I've read in weeks. I have read CfB's post going back more than a year (and there are a lot). I highly respect him in this field. I'm so excited to hear him say that NEM might have something in common with Qubic in a distant cousin way. I for one have been really excited about POI. Since the third year of bitcoin there has been a mining problem. I'll some up his posts so you don't have to read them. CfB knew about bitcoin's mining problem and was working on a solution before bitcoin was $1. I really hope and am really excited to hear any feedback post white paper.
April 20, 2014, 03:33:37 PM
Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders
No, he didn't, and that needed to be said given a lot of people bash nxt in this thread for "unfair" distribution which is a pathetically dishonest criticism as nxt IPO was open to anyone for 2 months and Bcnext (the developer) didn't demand any extra shares for himself.
One thing we can say about nxt inventor: he wasn't greedy.
Doesn't he own ~5% of NXT?
No, as I understand, everyone was allowed 1 btc max investment. bcnext was not exception to that rule. The 1 billion nxt were divided among the investors. This is all public record and happened in the open forum. Unless he was using a sock puppet account to invest twice, there was no special "stock" for bcnext. https://bitcointalksearch.org/topic/m.3254124
--> https://bitcointalksearch.org/topic/m.3256852
There are some statements, which sound quite familiar
Or are they just some constant operations in the announcement of a crypto currency ... idk, haven't read more than couple announcements
April 20, 2014, 03:29:34 PM
I remember he said he has a team. Maybe it is just you so I don't know. It doesn't matter because I already said I don't mind if he (or his team) has 5-10-20% or more of Nxt (this is may be sixteen times). It is certainly way better than giving 5% of Nxt to some random guy who think he is so smart because he just happen to be there at the right time.
Ok. Funny thing is that BCNext didn't even pay 1 BTC as he was going to do. Coz he wanted to have 21 BTC invested but another guy sent 1 BTC right before the funding was over. (It's according to his own words, there is still a possibility that he lied and actually owns 50% of the coins.)
If BCnext had several sock puppets investing (I doubt it), others could have done the same too. It was open process on public forum. There were no developer's stake. There were no special exceptions for the developer. The rules were same for everyone. All distributions were verifiable as it happened publicly with user's submitted SHA256 public note to investment address.
April 20, 2014, 03:22:15 PM
I don't promise you any thing in particular. I said it okay that you can create an account for your friend. But you got it wrong when you think this is an investment while it never was. If you asked can my friend do nothing and not participate in helping NEM then I would say NO. This is not a hypothetical answer because it was indeed the answer I gave in one p.m earlier.
It should be very clear to everyone that NEM is now much bigger than it was in the first conception. It is a changing concept grown out of the stakeholders' contribution. It will be even much bigger later when the development team publish whitepaper, technological road-map etc. and other stakeholders join in. I will try to keep NEM evolve in that way.
@Dave I never knew how many friends you have and want to create accounts for. I thought the question was for one friend. Anyway as I said your group of friends could get 1 or 2 stakes depending on refunding situation and I think you should take that.
I'm not going to sit here and try to debate my case with you.
I know what was put on the table and you are backtracking on what was understood.
It doesn't matter, give me whatever stakes you can for the group and I will divide it amongst them accordingly.
That means that I will prorate their investment and refund whatever is needed to make it fair and balanced on my end.
At least I know I'm doing things right on my side, there's really no way to prove it because we are strangers online.
Exactly because we are online and communicate exclusively via written messages that you should really be able to prove it if I have in any way misled you to think this is a profitable investment or your friend should buy a NEM stake even he knows or care nothing about NEM.
It doesn't matter anymore, I will do whatever I have to do with what they are given.
Will keep watching.
April 20, 2014, 02:58:03 PM
From what I remember you wanted qubic to be based on nodes that are doing PoW.
No. Nodes r supposed to be rewarded according to their usefulness/importance. PoW was used only to counteract Sybil attack.
Edit: Will wait for the whitepaper, have to focus on other things then...
April 20, 2014, 02:53:23 PM
I remember he said he has a team. Maybe it is just you so I don't know. It doesn't matter because I already said I don't mind if he (or his team) has 5-10-20% or more of Nxt (this is may be sixteen times). It is certainly way better than giving 5% of Nxt to some random guy who think he is so smart because he just happen to be there at the right time.
Ok. Funny thing is that BCNext didn't even pay 1 BTC as he was going to do. Coz he wanted to have 21 BTC invested but another guy sent 1 BTC right before the funding was over. (It's according to his own words, there is still a possibility that he lied and actually owns 50% of the coins.)
I thought earlier that the 47 guy may have a connection with BCNext. Maybe not. I would rather BCNext has 20% of Nxt and being real instead of being a certain cult figure.
April 20, 2014, 02:52:42 PM
*edit* PS, but I guess you yourself have enough of technical knowledge, to know how it's gonna be addressed
So ur PoS+PoI will become PoS+PoS (a-la Nxt) or PoS+PoW (a-la Peercoin).neither of those, but you'll have to wait for the whitepaper.
Frankly saying I don't worry much if someone attacks NEM using this attack vector, I hoped that I could steal borrow ur solution, hehe...
From what I remember you wanted qubic to be based on nodes that are doing PoW. I doubt that this will be applicable in Qubic
April 20, 2014, 02:49:26 PM
i am sorry even tho i fairly understand most of the concepts on btctalk, but i still don't understand what is POI? is it like POS?
April 20, 2014, 02:44:09 PM
*edit* PS, but I guess you yourself have enough of technical knowledge, to know how it's gonna be addressed
Ur PoI looks very similar to mining algo of Qubic. I've spent more than year trying to solve the problem of Sybil attack. Read a lot of whitepapers with proposed solutions. There r only 2 reliable solutions - centralized certification and proof-of-resource approach. NEM can't use the former coz it's against the very nature of any decentralized currency. The latter is transformed into Proof-of-Work/Stake. So ur PoS+PoI will become PoS+PoS (a-la Nxt) or PoS+PoW (a-la Peercoin).
Frankly saying I don't worry much if someone attacks NEM using this attack vector, I hoped that I could
April 20, 2014, 02:35:00 PM
I remember he said he has a team. Maybe it is just you so I don't know. It doesn't matter because I already said I don't mind if he (or his team) has 5-10-20% or more of Nxt (this is may be sixteen times). It is certainly way better than giving 5% of Nxt to some random guy who think he is so smart because he just happen to be there at the right time.
Ok. Funny thing is that BCNext didn't even pay 1 BTC as he was going to do. Coz he wanted to have 21 BTC invested but another guy sent 1 BTC right before the funding was over. (It's according to his own words, there is still a possibility that he lied and actually owns 50% of the coins.)
April 20, 2014, 02:31:19 PM
b) keep in mind POI != POS, so it doesn't translate to more NEMs == more gain from fees.
Could u explain how PoI works? And how r u going to counteract attacks that I mentioned in my letter to utopianfuture and one of the NEM devs? Especially Sybil attack, coz Eclipse attack is not so fatal.
It will be addressed in NEM whitepaper (probably closer to beta than alpha)
*edit* PS, but I guess you yourself have enough of technical knowledge, to know how it's gonna be addressed
April 20, 2014, 02:28:51 PM
BCNext was on the record saying sending 1BTC and he was on the record saying he has a team sending BTC in as well. If you are such a good historian you should be able to find the written texts. I already said I don't mind BCNext having 5-10% of more so you can chill on that.
I'm reading this thread with interest. I don't get what is new in ur movement, but I hope I'll get it one day and will use it in my own coin (Qubic) if it has advantages over the old way.
I have a question regarding "a team sending BTC in as well". I consider myself as a member of his team and I sent 0.1 BTC. I think BCNext worked only with me coz he was very paranoid. Do u have a link that proves ur words? Exactly these ones -
Quote
...and he was on the record saying he has a team sending BTC in as well
I failed to find the proof.I remember he said he has a team. Maybe it is just you so I don't know. It doesn't matter because I already said I don't mind if he (or his team) has 5-10-20% or more of Nxt (this is may be sixteen times). It is certainly way better than giving 5% of Nxt to some random guy who think he is so smart because he just happen to be there at the right time.
April 20, 2014, 02:09:50 PM
hi, i already have a stake. but i wonder if setting up a node will give me a few more coins? i am really interspersed to know that. also what kind of services can i offer for a return in nems?
No reply to me. So I am quoting again.
April 20, 2014, 02:09:39 PM
Kudos to CFB we are blessed with attendance, it must be a message *IT'S EASTER* Dude are you hear to help Nem and can i take this time to ask did you get the job at *E* respect
April 20, 2014, 02:03:01 PM
b) keep in mind POI != POS, so it doesn't translate to more NEMs == more gain from fees.
Could u explain how PoI works? And how r u going to counteract attacks that I mentioned in my letter to utopianfuture and one of the NEM devs? Especially Sybil attack, coz Eclipse attack is not so fatal.
April 20, 2014, 02:02:05 PM
Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders
No, he didn't, and that needed to be said given a lot of people bash nxt in this thread for "unfair" distribution which is a pathetically dishonest criticism as nxt IPO was open to anyone for 2 months and Bcnext (the developer) didn't demand any extra shares for himself.
One thing we can say about nxt inventor: he wasn't greedy.
Doesn't he own ~5% of NXT?
No, as I understand, everyone was allowed 1 btc max investment. bcnext was not exception to that rule. The 1 billion nxt were divided among the investors. This is all public record and happened in the open forum. Unless he was using a sock puppet account to invest twice, there was no special "stock" for bcnext. https://bitcointalksearch.org/topic/m.3254124
The question is does he own 5% ? not what's the rules of distribution?. I don't mind he owns 5% or more at all but here you should answer the question instead of evade it.
There is no way to prove who BCnext is and what he owns. All we know this is what happened in the public forum
https://bitcointalksearch.org/topic/m.3256852
where anyone was allowed to invest btc (cap was 1 btc) and all coins were distributed among the investors. The IPO was open for 2 months. There was no creator's cuts or special stakes for bcnext.
This is all public record.
BCNext was on the record saying sending 1BTC and he was on the record saying he has a team sending BTC in as well.
I went through all his posts and there is no record of him saying he has a team sending BTC. Care to post proof of that claim? In fact there is no proof he had a team of any kind. He appeared to be one man show until he hires (pays with his own) Cfb. This history is all in public record too.
Eadeqa
I now understand your feelings and love for the man called BC. Dude it's a free world but it's time to move on.
I hope your love of Nem will one day satisfy you.
April 20, 2014, 02:00:49 PM
utopianfuture is BCnext and NXT was his experiment.
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