i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
This might be a good idea, discussed earlier in this thread too, but it seems inconclusive. 
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 186. (Read 661498 times)
April 20, 2014, 07:04:31 AM
April 20, 2014, 06:41:38 AM
You ARE emotional, when you're concentrating on this kind of less important matter as you have already more important issues unanswered
https://bitcointalksearch.org/topic/m.4803050
If you see that link you posted, it was I who was criticizing nxt's 64-bit account ID system, so you can't say I hold back my punches. Though it's not serious problem, as once outgoing transaction is made, the account is protected by 256-bits public key.
April 20, 2014, 06:36:41 AM
You are day-dreaming.
Everything is in the public record, including all the stakeholders list and initial distribution. The unclaimed coins went to community fund.
Unless you are accusing bcnext of running several sock puppets with those initial 73 investors, how am I daydreaming?
I wasn't emotional. I was responding this particular comment:
Quote
NEM devs are taking smallest piece of (THEIR) cake in whole cryptocoin history
RESPECT
RESPECT
This poster used the words "cryptocoin history". I repeated the same exact words in response.
I think there are probably many other examples with no priming where developers have smaller percentages. Even satoshi himself has maybe at best 10%, but he was mining alone for an year or something, as there were not a lot of other people around.
You ARE emotional, when you're concentrating on this kind of less important matter as you have already more important issues unanswered
https://bitcointalksearch.org/topic/m.4803050
April 20, 2014, 06:33:57 AM
Guys, seriously grow up. Have any of you been at the helm of an organisation?
The only way to get the best talent and motivate the 'executives' is to give them something to work for. Who works for free? The real question is 'what are you doing for NEM to deserve your 1 stake?'
This is no different to running a business, I for one have no issues with the core development team having 10%+
The only way to get the best talent and motivate the 'executives' is to give them something to work for. Who works for free? The real question is 'what are you doing for NEM to deserve your 1 stake?'
This is no different to running a business, I for one have no issues with the core development team having 10%+
April 20, 2014, 06:20:53 AM
You are day-dreaming.
Everything is in the public record, including all the stakeholders list and initial distribution. The unclaimed coins went to community fund.
Unless you are accusing bcnext of running several sock puppets with those initial 73 investors, how am I daydreaming?
I wasn't emotional. I was responding this particular comment:
Quote
NEM devs are taking smallest piece of (THEIR) cake in whole cryptocoin history
RESPECT
RESPECT
This poster used the words "cryptocoin history". I repeated the same exact words in response.
I think there are probably many other examples with no priming where developers have smaller percentages. Even satoshi himself has maybe at best 10%, but he was mining alone for an year or something, as there were not a lot of other people around.
April 20, 2014, 06:13:15 AM
You are day-dreaming.
Everything is in the public record, including all the stakeholders list and initial distribution. The unclaimed coins went to community fund.
Unless you are accusing bcnext of running several sock puppets with those initial 73 investors, how am I daydreaming?
April 20, 2014, 05:51:55 AM
With all the nxt bashing, BCNxt didn't get any extra shares of nxt. He paid by the same rules like all the stakeholders, despite the fact he was the first to deliver second generation crypto currency.
Now talk about respect there.
That makes nxt developer (BCNxt) the fairest developer in the history. No one is going to ever come close
Well, that is needless glorification
that starts reminding to some posts in the NXT thread, where was written about "a man comes every 2000 year" or so. If you think a little bit further, you can see that there can be fairer developers than your example
April 20, 2014, 05:35:33 AM
You are day-dreaming.
Everything is in the public record, including all the stakeholders list and initial distribution. The unclaimed coins went to community fund.
Unless you are accusing bcnext of running several sock puppets with those initial 73 investors, how am I daydreaming?
April 20, 2014, 05:30:33 AM
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.
April 20, 2014, 05:23:11 AM
NEMoon
April 20, 2014, 05:17:27 AM
-While I agree %10 of all NEM in the hands of 2-3 people is greedy...
What the fuck is wrong with you, people? Those guys worked hard on the project and have been given away stakes for free. Except very small part at the end for dirt cheap. And y'all didn't do shit except screaming your arses about sockpuppets. They deserve whatever they want.
+1
There seems to be misunderstanding between egalitarian and project work.
I would understand this discussion, if there were some 'The chicken or the egg' dilemma. But there ain't such. The work must exist before there exist something to share with egalitarian. And the work is usually paid out from the project results.
April 20, 2014, 05:10:17 AM
-NEM should not release parts of source till sometime after launch, this could provide opportunities for copycats, and besides any snippet of code released that is unsubstantial is exactly that... unsubstantial.
-If you release substantial code pre-launch you get copycats, if you release unsubstantial code you prove nothing.
-It would be in the best interest of NEM to just release code sometime after launchday.
-If you release substantial code pre-launch you get copycats, if you release unsubstantial code you prove nothing.
-It would be in the best interest of NEM to just release code sometime after launchday.
+1
April 20, 2014, 05:02:45 AM
It's not like the 10% will go to 5 or 10 people. We have 35 people on NEM ecosystem board alone and still every talented developer is welcome to join. I don't really count on getting extra shares but I will buy them off non-believers for sure. So go ahead and dump it into my pocket.
Can anyone confirm this number? I am assuming the community prefers there being a large number of devs for the 10% to be divided amongst. better for ~300+ stakes to be divided amongst 35devs than 5devs
ya split 35 ways would be much much much better! even though they get 10 times more they deserve it!
oh ya did anything come about from my "share some snippets of code" idea.. id kinda like to see some myself lol wana buy stakes but i havnt got much so cant be risking everything i got on a dedicated community and not much else other then some pictures.. no offense devs lol i know its not a scam.. im just saying what everyone else with not much btc will be thinking!
> oh ya did anything come about from my
You seem to be very interested in knowing who created this mess
Maybe it is you, who will get the honour . Enjoy! of your provocative spirit. April 20, 2014, 04:17:59 AM
To be honest,it is really not a very good distribution.
1/2740=0.00036 and ~but we (the core development team) will keep the promise of taking the maximum of 10% of NEM for personal compensation to deliver the community a complete NEM V1 blockchain. ~
10%? really?
Are you kidding me?I'm really disappointed and I will not buy any nem coins in the future.
1/2740=0.00036 and ~but we (the core development team) will keep the promise of taking the maximum of 10% of NEM for personal compensation to deliver the community a complete NEM V1 blockchain. ~
10%? really?
Are you kidding me?I'm really disappointed and I will not buy any nem coins in the future.
10% for developers is a fair share. They worked hard and organised such a massive project and distribution. They deserve to be rewarded.
Yes, they wanted to get rich so organised this project. But they also create some money/btc for us for just trolling
fair?
We have only 1 shake but His cake is 60-80 times as big as mine.
Does that seem fair to you?
WTF
I made a promise to myself that I will act nice when it comes to things regarding NEM because I want to respect the movement. I'm going to say this as nice as possible.
You are not seeing the big picture here. You are very short-sighted. Missing the point in a very very idiotic way. Open your eyes and take the lint out of your ears.
60 times more for the CREATORS than the guy who just CAME to what these guys CREATED!!
That for one is the best deal I have seen. Look around, but follow my advice above first.
SMH
+1
10% shares for devs is ok and normal
NEM devs are taking smallest piece of (THEIR) cake in whole cryptocoin history
RESPECT
With all the nxt bashing, BCNxt didn't get any extra shares of nxt. He paid by the same rules like all the stakeholders, despite the fact he was the first to deliver second generation crypto currency.
Now talk about respect there.
That makes nxt developer (BCNxt) the fairest developer in the history. No one is going to ever come close
You are day-dreaming.
April 20, 2014, 04:08:04 AM
I think if UP had known the exact amount he would have stated it ouright. I don't think there was a plan on how much dev stakes would be allocated until recently.
You raise a great point, patmast3r. Everyone wants everything decentralized... until they don't. Why wasn't this planned out in advance by the Pre-Launch Developer Stake Committee™?!?!
We got our stakes for next to nothing, backed by a solid team. Stakeholders got a fair shake. Devs get a sizable and well-earned chunk. Nothing scandalous here.
And -- 10% of nothing is still nothing. The NEM team has a nice carrot in front of their noses. We all do.
April 20, 2014, 03:50:16 AM
Initially, was advertised the fair distribution of NEM, and now yet only 75% are distributed to stakeholders!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
max 10% for devs
remain min 15% for future dev of the ecosystem, bounties, charity, whatnot
What do you mean forking ?
Here is something to think about for everyone.
FAIR is not the same as EQUAL
If someone puts in 100% more work than someone else then it is fair for that person to get 100% more out of it don't you think ?
Do you think it would be more fair if a dev that devotes many hours each week into developing the software get's an equal amount of NEM as someone thats has merely paid a small fee to join NEM ? That would not be fair that would just mean they get an equal amount.
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 than he's generous not fair. It would have been very fair of him to take more.
Please keep this in mind guys when discussing "fairness" in the future.
i have never denied that the devs have their 10% do not deserve, I agree even! But you should have said it from the beginning!
sorry, I meant FORGING! If the 25% or 15% until they were properly distributed, used for forging? That would not be fair to the stakeholders
My statement was directed at everyone.
I think if UP had known the exact amount he would have stated it ouright. I don't think there was a plan on how much dev stakes would be allocated until recently.
I don't think they'll be used for foraging as the will probably be in some cold wallet.
April 20, 2014, 03:47:08 AM
Short question: Will there be any chance that users who have introduced themselves in this thread get a stake? I missed the IPO so I wrote in that registration topic. Will these user considered some time or is it over?
regards
regards
The waitinglist will be considered. I think there are about 120 stakes destined for people on the waiting list. How exactly those people will be chosen is afaik not sure yet.
April 20, 2014, 03:34:01 AM
Initially, was advertised the fair distribution of NEM, and now yet only 75% are distributed to stakeholders!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
max 10% for devs
remain min 15% for future dev of the ecosystem, bounties, charity, whatnot
What do you mean forking ?
Here is something to think about for everyone.
FAIR is not the same as EQUAL
If someone puts in 100% more work than someone else then it is fair for that person to get 100% more out of it don't you think ?
Do you think it would be more fair if a dev that devotes many hours each week into developing the software get's an equal amount of NEM as someone thats has merely paid a small fee to join NEM ? That would not be fair that would just mean they get an equal amount.
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 than he's generous not fair. It would have been very fair of him to take more.
Please keep this in mind guys when discussing "fairness" in the future.
i have never denied that the devs have their 10% do not deserve, I agree even! But you should have said it from the beginning!
sorry, I meant FORGING! If the 25% or 15% until they were properly distributed, used for forging? That would not be fair to the stakeholders
April 20, 2014, 03:19:25 AM
Short question: Will there be any chance that users who have introduced themselves in this thread get a stake? I missed the IPO so I wrote in that registration topic. Will these user considered some time or is it over?
regards
regards
April 20, 2014, 03:17:45 AM
Initially, was advertised the fair distribution of NEM, and now yet only 75% are distributed to stakeholders!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
max 10% for devs
remain min 15% for future dev of the ecosystem, bounties, charity, whatnot
What do you mean forking ?
Here is something to think about for everyone.
FAIR is not the same as EQUAL
If someone puts in 100% more work than someone else then it is fair for that person to get 100% more out of it don't you think ?
Do you think it would be more fair if a dev that devotes many hours each week into developing the software get's an equal amount of NEM as someone thats has merely paid a small fee to join NEM ? That would not be fair that would just mean they get an equal amount.
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 than he's generous not fair. It would have been very fair of him to take more.
Please keep this in mind guys when discussing "fairness" in the future.
+1
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