Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 199. (Read 661498 times)

Happy Easter to all Nemster's on this special day. 
Hey do unhappy refund bunnies complain   https://bitcointalk.org/index.php?topic=450200.0
or somewhere else ?

I'm not in the final stakeholder list nor in the refunding list but i was asking for a stake more then 2 weeks ago here's my post:

Post N. 320 https://bitcointalksearch.org/topic/m.5963337

Why is that?

15% is not a lot?  

Let's be very conservative and say NEM will reach 1000 sats per NEM.
600 million X 0.00001000 = 6,000 BTC

I would expect to see an unprecedented media storm for that amount! Take in to account that a 1000 sats is the very least one NEM would reach.

Then again, a lot of new coins / networks don't spend enough on marketing, that's even worse... Still 15% IS a lot of NEM.

Instead of giving stakes to people on waiting list, can we give them to the owners of popular exchanges?

cryptsy,
mintpall,
justcoin
bter
btc38
coinbase

etc etc

Am I reading this correct:

You are going to divide 3 billion coins amongst 3000 stakes? So 1 million per stake?

Wasn't the original plan to divide 4 billion coins, minus 10% for devs + etcetera, to 3000 stakes?

From the OP:
There is no specific number yet. Our current formula is number of NEM per stake spot = total of NEM issued/ (total account stakes + development stakes). At the moment we are aiming for roughly 3000 accounts plus 5-10% development stake, but it could be more, could be less depending on the fund raising.

It seems quite a big deviation from the OP to reserve 25% (10% for devs. + personal compensation) for future plans. Could you elaborate?

Wait until the sockpuppets wake up and see theit name on the refundlist. Those will be memories I'd rather not make in the first place

Awesome job. It seemed like yesterday we reached 200 pages, now we're probably going to hit 300 tomorrow.

If Nem becomes really big, I'm going to miss the whole waiting for news, and launch being so far away. The month long fundraising/call for participants, the public auditing, finally reaching the final stakeholder's list. So many are so anxious for the coin to be released, but if it becomes really big these days could become fond memories.

This update is not the development contract but it has important information on NEM stake allocation that would be in the development contract we will announce later. However since this update is not the development contract, the information here may be subject to modification or a completely disregard. So keep that in mind. A more formal development contract will be announced at a point very close to the Alpha release or even passing Alpha release and close to the Open Beta release.

The final stakeholder list is the result of merging two thread lists in the list for public auditing plus all addition/corrections and also removing all accounts in the refunding list. The refunding list is the result of a careful analysis with the contributions  of many members in the community. All accounts in refunding list were tagged by taint analysis and later subject to a closer inspection of activity, transaction timing etc. You can read more about the process in the NEM public auditing thread.

NEM final stakeholder list currently stands at 2740 accounts corresponding to 2740 stakes (1 stake=1 million NEM) being distributed at launch. This is our proposal to distribute another 260 stakes to make our community first round distribution staying at 3 billion NEM. 120 stakes are going to the waiting list for selected members at 0.1 BTC. 120 stakes are going to auction to raise fund for NEM development (with a part going to charity). 20 stakes are going back to accounts in refunding list that make a good case that they should be back in.

120 stakes for auction is a deviation from my first plan of going with all 1 account/ 1 stake for all community distribution. However, imo it is a good thing to bring an element of market price to valuing NEM at this point. It should be remembered that all the NEM fundraising up to this point is a "call for participation" and not a sale of NEM stakes. NEM stakes were distributed to all accounts for only a nominal fee or effort with a goal that they will be contributors to NEM. It is my hope that all NEM stakeholders could be a long term supporter of NEM and offer helps to NEM in setting up nodes, promoting NEM in some capacity etc. in exchange for 1 million of NEM being distributed at launch and that's reason for the low nominal cost that a stakeholder sent in.

So the plan so far is that in 4 billion NEM created, there will be 72% going to community distribution on the basis of 1 account / 1 stake at launch. 3% will be put on auction before NEM officially launchs. I will detail the distribution 25% remaining later on 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. The remaining would be distributed to other NEM helpers/ developers and also reserved for future development of NEM ecosystem as well as other features (details will follow).

More follow-ups will be coming. Thanks for supporting NEM.

NEM final stakeholder list https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE#gid=1
NEM refunding list https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdG5HUC1jZWp1SXJYcEVGZjRCU0FJYUE&usp=drive_web#gid=0