[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 187.

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: loyer on April 20, 2014, 02:59:30 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!

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.

loyer

member

Activity: 73

Merit: 10

have made me also some thoughts!

to the auction to make things even more interesting, perhaps it would be a good idea, according to the auction among all participants one or two half stakes(a whole stake might be unfair towards others) to raffle! What do you think?

the same could be for example mong the active participants NEM make forums

loyer

member

Activity: 73

Merit: 10

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!

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: mrvegad on April 20, 2014, 01:36:28 AM

No one is forcing you to invest in NEM, if you trust the dev's and trust what you hear so far about NEM then take a chance and invest in NEM. If you don't trust the dev's or what you hear about NEM then don't invest, it's that simple. Unless you have some proof otherwise stop with the scam and how unfair it is talk.

THIS !

mrvegad

hero member

Activity: 616

Merit: 500

No one is forcing you to invest in NEM, if you trust the dev's and trust what you hear so far about NEM then take a chance and invest in NEM. If you don't trust the dev's or what you hear about NEM then don't invest, it's that simple. Unless you have some proof otherwise stop with the scam and how unfair it is talk.

km4700ruda

full member

Activity: 518

Merit: 100

Quote from: hill on April 20, 2014, 01:05:10 AM

Quote from: mladen00 on April 20, 2014, 12:05:25 AM

Quote from: cryptoknightt on April 19, 2014, 07:38:18 PM

Quote from: heajin5921 on April 19, 2014, 04:23:49 PM

Quote from: ojman28 on April 19, 2014, 04:15:25 PM

Quote from: Nonlin on April 19, 2014, 03:42:56 PM

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.

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

10% =400 shake/5 or 6 =60-80 shake/person
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
+1

10% is fair! the devs deserve 10%!

You can post a vote thread for it if you insist.
And you will see that you right or wrong!

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: mladen00 on April 20, 2014, 12:05:25 AM

Quote from: cryptoknightt on April 19, 2014, 07:38:18 PM

Quote from: heajin5921 on April 19, 2014, 04:23:49 PM

Quote from: ojman28 on April 19, 2014, 04:15:25 PM

Quote from: Nonlin on April 19, 2014, 03:42:56 PM

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.

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

10% =400 shake/5 or 6 =60-80 shake/person
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

hill

member

Activity: 68

Merit: 10

Quote from: mladen00 on April 20, 2014, 12:05:25 AM

Quote from: cryptoknightt on April 19, 2014, 07:38:18 PM

Quote from: heajin5921 on April 19, 2014, 04:23:49 PM

Quote from: ojman28 on April 19, 2014, 04:15:25 PM

Quote from: Nonlin on April 19, 2014, 03:42:56 PM

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.

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

10% =400 shake/5 or 6 =60-80 shake/person
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
+1

10% is fair! the devs deserve 10%!

gimre

legendary

Activity: 866

Merit: 1002

Quote from: jabo38 on April 19, 2014, 09:17:37 PM

I'm very excited about NEM's POI. Rewarding nodes for actually serving the network in a reasonable way.

keep in mind POI in it's current form is about accounts that are important for NEM network, not physical nodes themselves.

(but worry not, there's also secret idea, how nodes can be rewarded, it won't be in alpha and probably not even in beta)

patmast3r

hero member

Activity: 980

Merit: 1001

I encourage everyone that is unhappy with the stake distribution to wait for the dev contract announcement.
I understand it will state exactly what people do to get dev stakes (dunno if the exact distribution will be on there as well)

If you're still unhappy request a refund.

Please stop with these witch hunts because someone pointed out unverified numbers. All it does is hurt NEM. Maybe even wait until one of the devs confirms the numbers before raging out

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: cryptomite on April 19, 2014, 02:41:43 PM

PLEASE let me and the rest of us that are on the waiting list AND willing to PROVE our identity in PLEASE!! That would only be adding 250,000,000 for a total of 4.25 billion NEM.

You will know we are not sockpuppets and a lot of us promised to be active.

This wouldn't be the end of the world for value, and you would make all of us very happy!!

It will help NEM because we WOULD ACTUALLY PARTICIPATE more than some of the others because most of us are people who have skills that would help NEM if you read what was said on the list.

Only those who will PROVE our identity.

UP please consider this, there will definitely be less than 250 that will be willing to prove who they are.

If it wasn't for the auction idea I would have made it in.

But I have to admit the auction idea IS a great idea!!
I just dont have enough BTC

Also I have been VERY active promoting NEM on the forum

There are other stakes also destined to go to the waitinglist. The auction idea has not rendered the waitlinglist useless

ShawnLeary

hero member

Activity: 518

Merit: 504

Quote from: jabo38 on April 19, 2014, 08:50:26 PM

Satoshi owns more than 10% of bitcoin by himself.
I don't know if it's true but I heard Charles Lee owns 27% of Litecoin.
The top two Litecoin wallets each have 10% of Litecoin in them.
JR once owned or still owns more than half of Mastercoin.
NXT was divided by 73 people, some getting way more than others.
Ripple labs owns half of the Ripple from premine.
And these aren't the pump and dumps.

NEM's distribution will be amazing! The "core" development team has 8 people but that is just the core. Some of the seriously hard working developers might end up with 1%

Think it's more like 2-3%, right?

Anyway, I'm happy with my .003% Cheesy

It took me nearly 3 minutes to send that 200NXT. It was brutal. If I don't get at least $100k for all that effort, I'm done with this crypto BS! Wink

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

Quote from: cryptoknightt on April 19, 2014, 07:38:18 PM

Quote from: heajin5921 on April 19, 2014, 04:23:49 PM

Quote from: ojman28 on April 19, 2014, 04:15:25 PM

Quote from: Nonlin on April 19, 2014, 03:42:56 PM

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.

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

10% =400 shake/5 or 6 =60-80 shake/person
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
+1

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: dave5555 on April 19, 2014, 10:13:03 PM

Quote from: utopianfuture on April 19, 2014, 12:38:12 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.

BitzMD

sr. member

Activity: 421

Merit: 250

Quote from: ?? on ??

Quote from: Spyrofix on April 19, 2014, 01:23:38 PM

Quote from: hypersire on April 19, 2014, 12:40:43 PM

Quote from: ?? on ??

you know before the auction. do you think it would be a good idea to release some snippets of code.. to instill some confidence in the buyers! i think you will get far more interest if you do!

also i dont think anyone has of yet called nem a scam? would i be right in saying that... if so that is an achievement in itself! :L

+1! A very good idea as it will surely increase bidders confidence and price

I love the way things are progressing here - NEM has the potential to go mainstream!

Thats a good point to think about it!
I share your view - this could increase confidence. On the other side NEM has already its reputation so nobody would say anymore NEM is a kind of SCAM or something else in this direction.

but there are ALLOT of people who wont put a penny into anything untill they see something solid! and they are usually the ones with big money! lol perhaps have half before code snippet release and half after and see the difference!

the fact that you say you will release code will bump the price a bit and then after all the publicity about the 1st nem auction and code release you will have people biting your hand off for the second batch!

what you could also do.. is instead of letting people sell there stakes.. auction them off for people in a controlled manner.. have a waiting list of stakes to auction off.. but limit it to max how ever many a day/week.. that way you will get steady selling and no mass selling of stakes it will be organised and people will more then likely get more for their stakes and thus a higher base price at launch.. as this picks up more media attention more people will bid... you will have a waiting list of bidders rather then a waiting list of sellers by the time you launch! now that.. is when you will get mega bucks for the stakes! nem will also go down in history for highest trade volume... pre-launch lol

Very interesting

gwinevere

newbie

Activity: 364

Merit: 0

Quote from: ThePatient on April 19, 2014, 10:06:57 PM

How does PoI work?

That is NEM's secret sauce, I guess we have to wait for the whitepaper.

dave5555

newbie

Activity: 52

Merit: 0

Quote from: utopianfuture on April 19, 2014, 12:38:12 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.

ThePatient

sr. member

Activity: 574

Merit: 250

How does PoI work?

gwinevere

newbie

Activity: 364

Merit: 0

Quote from: jabo38 on April 19, 2014, 09:17:37 PM

And more...

A handful of mining pools all but control bitcoin.
ASICs are a heartbeat away from Litecoin so that'll happen their too.
And one guy from NXT gets 70% of the mining fees!!!!!

I'm very excited about NEM's POI. Rewarding nodes for actually serving the network in a reasonable way.

I am also excited about PoI, I have a feeling it will have a bright future. You are right about "mining is so 2012-2013", here's another one you can use "PoW is so passé".

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: ?? on ??

I believe some of the confusion here is the conflict between older and more current versions of development updates. There was initially like 8 developers but the list shrunk since February.

Right now I am almost certain it's just

Thies1965
UtopianFuture
LoiTran4
Krysto
Makoto1337

5 x 60 = 300, 300 being 10% of 3000.

As you can see - this is still 10% of the 3000 stakeholder figure or 1.8% per development of total NEM in circulation (3000 + 300 development stake). As others had implied, if you wanted a piece of the Pie then you could had contributed between the months of February and April.

As for comparisons with other examples - I think they are all valid comparisons. NxT, Mastercoin, Ripple, all had pretty lopsided distribution.

Maybe you have mis-read NCC specification. NEM core development team currently are

UtopianFuture: organization, technological road-map
Jaguar0625: core developer, NIS, NCC
Gimre : core developer, NIS, NCC
Makoto1337: core developer, NIS, POI
Thies1965: core developer, NIS, NCC
BloodyRookie: core developer, NIS
Krysto: NCC, web developer
TranLoi: NCC, designer, UX element

working parallel on two products NIS (Nem infrastructure server) and NCC (Nem Community Client) and of course a bunch of other things.

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 187. (Read 661498 times)