Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 194. (Read 661499 times)
April 18, 2014, 10:01:50 PM
I think it should be an open bid and that a person can get all the stakes if he bids high enough
April 18, 2014, 09:52:52 PM
Auction sounds like good opportunity test the valuation, though it might be could make it in sequels as UP has said. Are there any similar scenarios ever done before? How you can prevent people just bid without intention to buy ? Like some ahole just messin with auction
One way would be to set up an escrow. So people who bid would send their bid to an escrow. If they win, they get the NEM. If they, don't their money (minus a tx fee) would be returned.
It is a good idea. The way it could be done is that the escrow set up the address at a designated time and everyone sends a payment to that address would be considered a bid. The auction would last 24 hours since the designated time. 10 highest bis win 10 stakes and the rest will be returning to the senders. Who want to be the escrow ? I could pay a small payment for the service.
Sorry I have not yet finished the governance piece since I am in the middle of Smiley. Hopefully finish tomorrow. Anyway any preference for the first lot, charity at launch or logo+branding package ?
April 18, 2014, 09:08:14 PM
As someone who has a stake in NEM (confirmed in list) is there anything else I need to do for the time being to make sure that my stake is locked in? What is the auction I am hearing about? Sorry don't have time to follow this thread very often and it is starting to get extremely long.
You have to fly to New York and meet Utopianfuture face to face, to verify that you're a real person. That is all.
Jk. It's already locked in, but you should try to be more active. Put Nem as your signature and try to make an effort of promoting it a little.
Something that has been stressed if for stakeholders to try and be active regarding Nem.
April 18, 2014, 08:51:50 PM
As someone who has a stake in NEM (confirmed in list) is there anything else I need to do for the time being to make sure that my stake is locked in? What is the auction I am hearing about? Sorry don't have time to follow this thread very often and it is starting to get extremely long.
April 18, 2014, 08:46:41 PM
I dont understand why people still compare NEM to the NXT, lead nowhere.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
+1
-1
Nxt is the first 2nd gen coin. Every other coin will always be compared to Nxt: Nem, Nas, Nxtl, Qora, eMunie, Ethereum...
April 18, 2014, 07:36:41 PM
I dont understand why people still compare NEM to the NXT, lead nowhere.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
+1
April 18, 2014, 07:36:14 PM
Auction sounds like good opportunity test the valuation, though it might be could make it in sequels as UP has said. Are there any similar scenarios ever done before? How you can prevent people just bid without intention to buy ? Like some ahole just messin with auction
One way would be to set up an escrow. So people who bid would send their bid to an escrow. If they win, they get the NEM. If they, don't their money (minus a tx fee) would be returned.
April 18, 2014, 07:32:13 PM
what will be the details of the auction? Will it be blind, where everyone submits a closed bid?
closed bidding is good. no one will try to increase the bid like in ebay. but I doubt developers will go for this as they will be trying to raise as much as they can
April 18, 2014, 07:21:09 PM
At the upcoming public auction.
When is the auction? Is there a date set for NEM's launch yet?
I guess soon, I suggest you look at every day NEM forums and community updates, you'll know the exact date。
April 18, 2014, 07:18:51 PM
what will be the details of the auction? Will it be blind, where everyone submits a closed bid?
April 18, 2014, 07:17:50 PM
+1
+1000;Hits 400 pages soon 
April 18, 2014, 07:15:42 PM
At the upcoming public auction.
When is the auction? Is there a date set for NEM's launch yet?
April 18, 2014, 07:09:54 PM
Are there any app programmers out there that can make a simple NEM wallet for a smartwatch? I will help add to the development bounty if this ever becomes a project.
Here is a teardown of Samsung's new Gear 2 smartwatch www.ifixit.com/Teardown/Samsung+Gear+2+Teardown/23990 Some neat features include immersion up to 1 meter of water, 2MP camera, heartrate monitor and IR TV remote.
Here is a teardown of Samsung's new Gear 2 smartwatch www.ifixit.com/Teardown/Samsung+Gear+2+Teardown/23990 Some neat features include immersion up to 1 meter of water, 2MP camera, heartrate monitor and IR TV remote.
I know a developer who make a payment app for Pebble https://getpebble.com/. The last time I talked to him about Bitcoin he is not that interested but that was just a brief mentioning of Bitcoin. Anyway if that's the something the community wants then at some point it is best starting to look for a developer and contract him. Bounty system works best when it is really big and got advertised massively.
This looks really promising!
Coindesk's article about Wearable Technology:
www.coindesk.com/can-wearable-tech-bitcoin-revamp-mobile-payments
Motorola and LG are also making a Smartwatch.
Moto360:
www.engadget.com/2014/03/18/this-is-motorolas-new-android-wear-smartwatch-moto-360
www.engadget.com/2014/03/19/moto-360-designer
G Watch:
www.engadget.com/2014/03/18/lg-g-watch-android-wear
On a unrelated side note, Google is working on a modular smartphone.
www.engadget.com/2014/04/15/project-ara-modular-smartphone
April 18, 2014, 07:06:31 PM
I am new to BTT. how can I buy a stake?
At the upcoming public auction.
April 18, 2014, 07:02:35 PM
Been thinking about it for a while and looking at the complaint thread makes me laugh:
It's like some have reserved a stake for their partner, their mother, father, son, daughter, sister, brother, uncle, aunty, grandpa, grandma, maybe even created an account for an unborn child
I think no one should have more than 1 per household, and if you have friends you should share your stake with them, I mean that's what real friends do
It's like some have reserved a stake for their partner, their mother, father, son, daughter, sister, brother, uncle, aunty, grandpa, grandma, maybe even created an account for an unborn child
I think no one should have more than 1 per household, and if you have friends you should share your stake with them, I mean that's what real friends do
April 18, 2014, 07:01:43 PM
I am new to BTT. how can I buy a stake?
April 18, 2014, 05:58:07 PM
Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids
And you say that based on what?
5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%?
Well this is my opinion.
Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit!
not really.. if people are willing to bid for a stake pre launch then it shows how much demand there is for stakes... the more demand the more people will want to hold and see what happens... but there is always a point when the rice price is reached.. for me for a nem stake it would be atleast 6-7 btc... no less...
If NEM stakes get traded at 5-10 BTC I will sell mine and rebuy NEM at launch. Just because EVERY other coin launch had significant dips at the launch. I want to be part of this project, but I also have some common sence that his project wont be valued at 20-30k BTC from the early start.
April 18, 2014, 05:50:45 PM
I dont understand why people still compare NEM to the NXT, lead nowhere.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
April 18, 2014, 05:30:12 PM
Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids
And you say that based on what?
5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%?
Well this is my opinion.
Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit!
Well, at least we'll see how this distribution model works. Lots of people got their stakes for free. I got mine for 10 Nxt ) Even 1 btc will be a great return.
Also 10 Btc for 1M Nem is crazy. There are 4B coins which makes Nem at least 4 times cheaper than Nxt and 250K Nxt cost about 12.5 btc now. I can't imaging somebody buying 1M Nem even for 5 btc. Not before Nxt costs x10 from today price.
We are NEM. Who is this NXT?
April 18, 2014, 05:28:39 PM
Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids
And you say that based on what?
5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%?
Well this is my opinion.
Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit!
Shortsighted. Good to weed out the weak in the beginning
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