Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 195. (Read 661498 times)
April 18, 2014, 05:26:09 PM
where can I find the final stake holder list? Can't see it on page 1. thanks
April 18, 2014, 05:24:11 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.
April 18, 2014, 05:13:48 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!
April 18, 2014, 04:59:23 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.
Despite my real world energy drink transaction at a .50 USD exchange rate I would say 50 - 70M out the box is an ambitious market cap projection.
I thought its a realistic projection. Whats your projection?
April 18, 2014, 04:54:53 PM
To UF:
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.
It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.
I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.
Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.
I still see no reply to my post from dev.
I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.
They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.
I have already been scammed out of BTC from other scam/fake coins.
If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.
The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.
It was only a suggestion, and it was overly fair. There is zero activity on your six "friends" accounts and so far they have been no benefit to NEM. Tell your "friends" about the auction.
April 18, 2014, 04:40:59 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.
Despite my real world energy drink transaction at a .50 USD exchange rate I would say 50 - 70M out the box is an ambitious market cap projection.
April 18, 2014, 04:32:32 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.
April 18, 2014, 04:30:21 PM
To UF:
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.
It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.
I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.
Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.
I still see no reply to my post from dev.
I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.
They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.
I have already been scammed out of BTC from other scam/fake coins.
If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.
The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.
In my defense, what I replied to you in my PM is a principle that you can create an account for your friend but even then I did not encourage you to enroll many stakes. I did not approve any thing specific or knew how many account you plan to enroll. On the other hand, the central principle of NEM fundraising is participation and 2 months so far all of your friends have done nothing and they all stay 1 post accounts. Are they going to set up nodes ? are they going to contribute to the "spread the words" campaign ? These are the things we take into accounts when I put these accounts on the refunding list.
I will see if I can accommodate 1 or -2 stakes so that your friend group can share and imo that's is enough given your friend level of contribution.
To all people in refunding list, please step up and complain and we will deal with all complaints on a case by case basis. After several days or when 20 stakes allocated to the refunding list running out the discussion will be considered closed and the all later complaints will be entitled to refunding. Also please don't pm me, post here or in the stake complaint thread instead, we will deal with like a community. Talk over the issues, deal with it in a rational manner ---> Win Win.
Regarding the refunding it is now officially open to everyone. I will try to collect all demands and make refunds every week (there is a column in the final list for that so the community can monitor). So far the none of NEM development fund in BTC address and NXT address has ever been used and it is not going to be used except to satisfying refunding request until NEM officially launch.
Utopianfuture ,patmaster3 said to comment on the complaint thread. I have stepped up there !!!!
April 18, 2014, 04:26:40 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?
April 18, 2014, 04:24:18 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
April 18, 2014, 04:12:52 PM
Interesting times. Am very curious what price the stakes will reach at auction.
April 18, 2014, 03:28:20 PM
It's the scale which is concerning. I live in a city which has embraced crypto currencies, to the extent we had one of the very first robocoin ATMs and probably the highest per capita merchant acceptance rates of BTC, and yet I didn't have success in convincing anyone to sign up for NEM stake. He was somehow able to convince 7 different people - either he's a brilliant salesmen or they're all sockpuppets.
And his friends kind of sound like jerks too, this guy could sell ice to Eskimos.
April 18, 2014, 03:24:58 PM
It's the scale which is concerning. I live in a city which has embraced crypto currencies, to the extent we had one of the very first robocoin ATMs and probably the highest per capita merchant acceptance rates of BTC, and yet I didn't have success in convincing anyone to sign up for NEM stake. He was somehow able to convince 7 different people - either he's a brilliant salesmen or they're all sockpuppets.
That was back in February at least - now it seems like my colleagues who keep up on cryptos want to purchase NEM when it hits the exchanges.
That was back in February at least - now it seems like my colleagues who keep up on cryptos want to purchase NEM when it hits the exchanges.
April 18, 2014, 03:16:56 PM
To UF:
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.
It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.
I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.
Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.
I still see no reply to my post from dev.
I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.
They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.
I have already been scammed out of BTC from other scam/fake coins.
If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.
The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.
In my defense, what I replied to you in my PM is a principle that you can create an account for your friend but even then I did not encourage you to enroll many stakes. I did not approve any thing specific or knew how many account you plan to enroll. On the other hand, the central principle of NEM fundraising is participation and 2 months so far all of your friends have done nothing and they all stay 1 post accounts. Are they going to set up nodes ? are they going to contribute to the "spread the words" campaign ? These are the things we take into accounts when I put these accounts on the refunding list.
I will see if I can accommodate 1 or -2 stakes so that your friend group can share and imo that's is enough given your friend level of contribution.
To all people in refunding list, please step up and complain and we will deal with all complaints on a case by case basis. After several days or when 20 stakes allocated to the refunding list running out the discussion will be considered closed and the all later complaints will be entitled to refunding. Also please don't pm me, post here or in the stake complaint thread instead, we will deal with like a community. Talk over the issues, deal with it in a rational manner ---> Win Win.
Regarding the refunding it is now officially open to everyone. I will try to collect all demands and make refunds every week (there is a column in the final list for that so the community can monitor). So far the none of NEM development fund in BTC address and NXT address has ever been used and it is not going to be used except to satisfying refunding request until NEM officially launch.
April 18, 2014, 03:15:21 PM
To UF:
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.
It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.
I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.
Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.
I still see no reply to my post from dev.
I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.
They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.
I have already been scammed out of BTC from other scam/fake coins.
If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.
The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.
You got people blowing up your phone weekly over a $40 investment? Losing their trust? You need new friends brah.
April 18, 2014, 02:53:12 PM
To UF:
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.
Strong rhetorical overreaction to being denied extra stake.
April 18, 2014, 02:52:07 PM
If you really get a confirmation by the DEV team it is ok for you to act as a broker for some RL friends, then they should keep their word.
But in general, there's no possibility to check whether you're really a broker or just smart to get more NEM on your own. If your friends are not able to create a forum account, what do they want to do with NEM?
But in general, there's no possibility to check whether you're really a broker or just smart to get more NEM on your own. If your friends are not able to create a forum account, what do they want to do with NEM?
April 18, 2014, 02:47:29 PM
To UF:
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I saw some of my clients on the refund list.
These are people I know in my personal life and I recommended investing in NEM for them.
I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.
They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.
They are as follows:
nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i
I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.
And yes I did create an account for each because that's how you stated I should go about investing for them.
Here is your original response:
Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.
Thank you for clearing this up. I will get to it as soon as possible.
For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.
I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.
It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.
I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.
Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.
I still see no reply to my post from dev.
I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.
They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.
I have already been scammed out of BTC from other scam/fake coins.
If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.
The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.
April 18, 2014, 02:42:23 PM
Im following this thread since page 50 almost everyday now & it has been a great time 
the Nem Community is just amazing.
keep up the great work everyone!!
the Nem Community is just amazing.
keep up the great work everyone!!
Same here, I read every post on a daily basis but don't often post at this point unless I feel I can add some real value. NEM for me is long term and I like the community and development team.
KC
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