[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 196.

j23a

full member

Activity: 210

Merit: 100

Quote from: upekha on April 18, 2014, 01:07:24 PM

Im following this thread since page 50 almost everyday now & it has been a great time Wink

the Nem Community is just amazing.

keep up the great work everyone!!

I remember page 46, though I started some pages before.

I guess I've read every post since (actually I have my computer read it for me in a robotic voice), but I did skip some of the logo talk, since I guess that's the part that I'm least interested to read about.

j23a

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Activity: 210

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Quote from: patmast3r on April 18, 2014, 12:33:03 PM

Quote from: Touque on April 18, 2014, 12:25:47 PM

Quote from: nismhjt on April 18, 2014, 12:16:15 PM

very optimistic. so all the stakeholders are worth half a million USD now

Exactly. Some people are naive and like to image to be rich without hard work and bumpy road. Wake up!

What people need to realize that even if they are rich in cryptos it doesn't mean they are rich in fiat. At least not at this point. Until you can pay your rent, food and everything you need everyday with cryptos you'll always have to go through exchanges to get to fiat. What do you think would happen if all of a sudden 3000 people try to cashout 500k USD ? Exactly...noone get's squat.

NEM isn't supposed to make anyone rich quickly. It's supposed to be a better BTC that will actually be capable of replacing fiat (because btc isn't) hopefully at some point in the future. That's what seperates us from shitcoins. We have a goal beyond releasing a coin and hiting some exchanges.

People need to realize that and not go crazy selling.

bluewhackadoo

sr. member

Activity: 406

Merit: 252

Quote from: TaunSew on April 18, 2014, 01:26:31 PM

People would dump at $500K? I can't even purchase a crack shack in my city for such a low amount. That wasn't sarcasm. Only thing $500K would get me is a closet in a 30 year old building with mold.

There are cheaper cities but drugs are common in them - everyone is coked up on meth due to the sheer boredom in lower income cities and suburb residential areas. I bet some of you are reading this and can already guess the country. Grin

Scottsdale, AZ?

TaunSew

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Activity: 756

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People would dump at $500K? I can't even purchase a crack shack in my city for such a low amount. That wasn't sarcasm. Only thing $500K would get me is a closet in a 30 year old building with mold.

There are cheaper cities but drugs are common in them - everyone is coked up on meth due to the sheer boredom in lower income cities and suburb residential areas. I bet some of you are reading this and can already guess the country. Grin

upekha

full member

Activity: 183

Merit: 100

TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W

Im following this thread since page 50 almost everyday now & it has been a great time Wink

the Nem Community is just amazing.

keep up the great work everyone!!

lstern

newbie

Activity: 14

Merit: 0

Quote from: patmast3r on April 18, 2014, 12:33:03 PM

Quote from: Touque on April 18, 2014, 12:25:47 PM

Quote from: nismhjt on April 18, 2014, 12:16:15 PM

very optimistic. so all the stakeholders are worth half a million USD now

Exactly. Some people are naive and like to image to be rich without hard work and bumpy road. Wake up!

What people need to realize that even if they are rich in cryptos it doesn't mean they are rich in fiat. At least not at this point. Until you can pay your rent, food and everything you need everyday with cryptos you'll always have to go through exchanges to get to fiat. What do you think would happen if all of a sudden 3000 people try to cashout 500k USD ? Exactly...noone get's squat.

NEM isn't supposed to make anyone rich quickly. It's supposed to be a better BTC that will actually be capable of replacing fiat (because btc isn't) hopefully at some point in the future. That's what seperates us from shitcoins. We have a goal beyond releasing a coin and hiting some exchanges.

Well said. Although I do expect some financial return from my NEM investment, I invested in NEM because I liked the proposed features and the initial coin distribution plan and I want it to prosper. POW doesn't make sense in the long-run, most coins lack of a proper transaction tax mechanism and NEM do have real incentives for money circulation. As NEM is not a pump and dump scheme I expect some coin struggle in the beginning because it takes time to build a real ecosystem around a new currency and some anxious people will be disapointed creating some negative buzz.

mladen00

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Activity: 2124

Merit: 1013

K-ing®

Quote from: upekha on April 18, 2014, 12:26:51 PM

Quote from: nismhjt on April 18, 2014, 12:16:15 PM

Quote from: TwinWinNerD on April 18, 2014, 12:05:25 PM

Quote from: bluewhackadoo on April 18, 2014, 12:03:21 PM

Quote from: Touque on April 18, 2014, 11:13:30 AM

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.
10 BTC easy!!

We will see how the market will decide it. Bur remember NEM is not launched yet and has not prove anything yet.

I sold my co-worker a Spike energy drink for 5 NEM two weeks ago, retail is $2.50 so current conversion rate of 1 NEM = .50 USD

That's fact.

4000000000*0.5 = 2 billion USD. A 1/3rd of BTC.

Hmm Wink

very optimistic. so all the stakeholders are worth half a million USD now

slavery again!!

Wink

if (WHEN) bitcoin goes to 5000-1000 it's possible

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: Touque on April 18, 2014, 12:25:47 PM

Quote from: nismhjt on April 18, 2014, 12:16:15 PM

very optimistic. so all the stakeholders are worth half a million USD now

Exactly. Some people are naive and like to image to be rich without hard work and bumpy road. Wake up!

What people need to realize that even if they are rich in cryptos it doesn't mean they are rich in fiat. At least not at this point. Until you can pay your rent, food and everything you need everyday with cryptos you'll always have to go through exchanges to get to fiat. What do you think would happen if all of a sudden 3000 people try to cashout 500k USD ? Exactly...noone get's squat.

NEM isn't supposed to make anyone rich quickly. It's supposed to be a better BTC that will actually be capable of replacing fiat (because btc isn't) hopefully at some point in the future. That's what seperates us from shitcoins. We have a goal beyond releasing a coin and hiting some exchanges.

upekha

full member

Activity: 183

Merit: 100

TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W

Quote from: nismhjt on April 18, 2014, 12:16:15 PM

Quote from: TwinWinNerD on April 18, 2014, 12:05:25 PM

Quote from: bluewhackadoo on April 18, 2014, 12:03:21 PM

Quote from: Touque on April 18, 2014, 11:13:30 AM

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.
10 BTC easy!!

We will see how the market will decide it. Bur remember NEM is not launched yet and has not prove anything yet.

I sold my co-worker a Spike energy drink for 5 NEM two weeks ago, retail is $2.50 so current conversion rate of 1 NEM = .50 USD

That's fact.

4000000000*0.5 = 2 billion USD. A 1/3rd of BTC.

Hmm Wink

very optimistic. so all the stakeholders are worth half a million USD now

slavery again!!

Wink

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: bluewhackadoo on April 18, 2014, 12:03:21 PM

Quote from: Touque on April 18, 2014, 11:13:30 AM

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.
10 BTC easy!!

We will see how the market will decide it. Bur remember NEM is not launched yet and has not prove anything yet.

I sold my co-worker a Spike energy drink for 5 NEM two weeks ago, retail is $2.50 so current conversion rate of 1 NEM = .50 USD

That's fact.

made my day Grin

Touque

member

Activity: 94

Merit: 10

Quote from: nismhjt on April 18, 2014, 12:16:15 PM

very optimistic. so all the stakeholders are worth half a million USD now

Exactly. Some people are naive and like to image to be rich without hard work and bumpy road. Wake up!

nismhjt

newbie

Activity: 32

Merit: 0

Quote from: TwinWinNerD on April 18, 2014, 12:05:25 PM

Quote from: bluewhackadoo on April 18, 2014, 12:03:21 PM

Quote from: Touque on April 18, 2014, 11:13:30 AM

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.
10 BTC easy!!

We will see how the market will decide it. Bur remember NEM is not launched yet and has not prove anything yet.

I sold my co-worker a Spike energy drink for 5 NEM two weeks ago, retail is $2.50 so current conversion rate of 1 NEM = .50 USD

That's fact.

4000000000*0.5 = 2 billion USD. A 1/3rd of BTC.

Hmm Wink

very optimistic. so all the stakeholders are worth half a million USD now

nismhjt

newbie

Activity: 32

Merit: 0

Quote from: Simakki on April 18, 2014, 11:46:51 AM

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

That is very well possible(I do that a lot in ebay to inflate the price and don't buy them and the item goes unsold!!! Grin

) So whoever want to participate in the auction deposit a reserve of say 1 or 2 btcs.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: bluewhackadoo on April 18, 2014, 12:03:21 PM

Quote from: Touque on April 18, 2014, 11:13:30 AM

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.
10 BTC easy!!

We will see how the market will decide it. Bur remember NEM is not launched yet and has not prove anything yet.

I sold my co-worker a Spike energy drink for 5 NEM two weeks ago, retail is $2.50 so current conversion rate of 1 NEM = .50 USD

That's fact.

4000000000*0.5 = 2 billion USD. A 1/3rd of BTC.

Hmm Wink

bluewhackadoo

sr. member

Activity: 406

Merit: 252

Quote from: Touque on April 18, 2014, 11:13:30 AM

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.
10 BTC easy!!

We will see how the market will decide it. Bur remember NEM is not launched yet and has not prove anything yet.

I sold my co-worker a Spike energy drink for 5 NEM two weeks ago, retail is $2.50 so current conversion rate of 1 NEM = .50 USD

That's fact.

nismhjt

newbie

Activity: 32

Merit: 0

Quote from: cryptomite on April 18, 2014, 10:42:43 AM

When people do the math, and realize what promotional power 15% of NEM (>5000 BTC), plus over 1000 unique stakeholders will bring to future value, I see these stakes at auction going for a mega-shit-ton. Then, this makes the 15% worth even more. Its an amazing idea.

10 BTC easy!!

10 BTC/stake would put Market cap @ 40000BTC which is around 20 million. I doubt the auction price will be so high as this may not give superior returns on launching

Simakki

hero member

Activity: 697

Merit: 500

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

gsxrl3oi

sr. member

Activity: 315

Merit: 250