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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 210. (Read 661498 times)

full member
Activity: 224
Merit: 100
NEM Enthusiast
Is there any guesstimate on when stakeholders will be informed of how to claim their stakes (via BTT or other means)?

No - at least not an "official" one.
My personal guesstimate would be June - July.  

What makes you say that? That's over a month beyond the 'end of May' timeframe being quoted around...

I know may is being quoted around I just don't know where that is coming from.
Like I said - personal guesstimate.

Utopian gave those estimates in his update post here.
hero member
Activity: 980
Merit: 1001
Is there any guesstimate on when stakeholders will be informed of how to claim their stakes (via BTT or other means)?

No - at least not an "official" one.
My personal guesstimate would be June - July. 

What makes you say that? That's over a month beyond the 'end of May' timeframe being quoted around...

I know may is being quoted around I just don't know where that is coming from.
Like I said - personal guesstimate.
newbie
Activity: 11
Merit: 0
Is there any guesstimate on when stakeholders will be informed of how to claim their stakes (via BTT or other means)?

No - at least not an "official" one.
My personal guesstimate would be June - July. 

What makes you say that? That's over a month beyond the 'end of May' timeframe being quoted around...
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
There's no solid evidence that PoS is the way to go.  PoS has been out for ages and NxT & Peercoin never dethrone LTC.

You are always stating things, but why don't you do some research. There are very good whitepapers out there.

For example Peercoins POS had major flaws with the fact that it is free to forge on EVERY fork possible. So whenever a fork is happening, just run multiple instances of the client and try to forge blocks on every chain. This is not a behaviour you want in your algorythm.

NXT tried/tries to fix that, but it isn't implemented yes: Transparent forging.

Bitshares now released a whitepaper on exactaly this topic: http://107.170.30.182/security/delegated-proof-of-stake.php They call it delegated Proof of stake. But it is essentially transparent forging. And I am curious who will be first to implement it.

So there is good proof our there that POS is secure and doesn't have any big flaws. (if implemented correctly)

What you are most likely reffering to is, what is more successful with users... But users give a shit, miners do, but they will die out soon enough I bet.
member
Activity: 75
Merit: 10
Anybody know when the NEM whitepaper will be ready?
Currently no.
full member
Activity: 142
Merit: 100
Do we have a timeline when the coin will be launched?

No definite timelines as of now. Rough estimates are as follows:
  • Stakeholder Social Contract (including final stakeholder list and development roadmap) - in time for the alpha client launch. Possibly a week or so sooner.
  • Alpha client launch for testing - Late April 2014
  • Launch - Late May 2014

Other F.A.Q.s here.

Good to know. Looking forward to Stakeholder Social Contract.
+1 Cheesy Cheesy Cheesy
hero member
Activity: 756
Merit: 506
There's no solid evidence that PoS is the way to go.  PoS has been out for ages and NxT & Peercoin never dethrone LTC.
hero member
Activity: 980
Merit: 1001
are there any thoughts on making NEM a POS coin with a multipool - like Blackcoin and Faircoin. Those two coins have really led the way in (relatively) stable (non-pump-and-dump) value creation for investors.

NEM is not going to be PoS.
The multipool thing has come up. I don't think there are any solid plans though.
hero member
Activity: 799
Merit: 1000
I'm on the waitinglist. It's closed now. Is there anything more to do? Or just wait for new information.
full member
Activity: 224
Merit: 100
are there any thoughts on making NEM a POS coin with a multipool - like Blackcoin and Faircoin. Those two coins have really led the way in (relatively) stable (non-pump-and-dump) value creation for investors.
newbie
Activity: 57
Merit: 0

If you could not be bothered to read that.........


NAS distribution  is  WAY worse than Nxt's distribution. The giveaway means nothing in real terms.

Someone needs to release a nxt clone that does not allow 11 people to hold 71% of the coins.... how difficult can it be.

It is copy pasted post from other thread.
Sorry, I couldnt resist. I dont wanna newbies getting burned and got in pessimist vibe, when NEM is released.



Im pretty sure the distribution model is one of the main reasons newbies are drawn to NEM. I think in the long run for mass adoption of NEM - initial distribution most likely wont be of a conern as it is in the initial stages.

Anyone who invested a full bitcoin into NXT, which was only 4-5 people ($130 at the time) got around 47M NXT.  Valued at $6.5M a few times this year,  I'm 99% sure that 99% of their stakes have been distributed at this point.  Wouldn't you have already sold and quietly moved to Guatemala or Honduras by now? Cheesy

why Guatemala or Honduras?  or  were u joking..
hero member
Activity: 980
Merit: 1001
Anybody know when the NEM whitepaper will be ready?

Nope but I cann assure you it'll be worth the wait Wink
Devs are still ironing out the kinks so there are no final specs yet which means there is nothing final to write about. Doesn't make sense to write a whitepaper about "this might be how we propose to do things but we're not sure" Smiley
hero member
Activity: 980
Merit: 1001
Is there any guesstimate on when stakeholders will be informed of how to claim their stakes (via BTT or other means)?

No - at least not an "official" one.
My personal guesstimate would be June - July. 
full member
Activity: 224
Merit: 100
Is there any guesstimate on when stakeholders will be informed of how to claim their stakes (via BTT or other means)?
hero member
Activity: 506
Merit: 510
Whatever the plan is I suggest you make it quick Smiley Someone tossed this on to the Litecoin forums and the post was met with a rather cold Ponzi/Premine sentiment. Which is, in a sence, a very logical response from any non Belieber.
hero member
Activity: 644
Merit: 500
NXT looks good, but is held back by the initial distribution to only 71 people...

This is nonsense, as far as I am concerned. Nxt IPO was open to everyone for 2 months. There were fewer people on the forum back then, and many were skeptical claiming it a scam. In one way that turned out to be a good thing as they didn't have to deal with sock puppets. That was back in Oct/Nov of 2013, and it's irrelevant now as there are somewhere around 25,000 nxt accounts with at least one nxt in them.  Nxt distribution is no worse than bitcoin where early miners still have vast majority of bitcoins.  It's not going to make a difference going forward. What matters now is current development, active developers, adding new features, making it more useful as a platform to wider audience, and active community. Just a quick look at the forum https://nxtforum.org/ and it's clear nxt have all these properties.

newbie
Activity: 6
Merit: 0
Do we have a timeline when the coin will be launched?

No definite timelines as of now. Rough estimates are as follows:
  • Stakeholder Social Contract (including final stakeholder list and development roadmap) - in time for the alpha client launch. Possibly a week or so sooner.
  • Alpha client launch for testing - Late April 2014
  • Launch - Late May 2014

Other F.A.Q.s here.

Good to know. Looking forward to Stakeholder Social Contract.
newbie
Activity: 30
Merit: 0
I'm curious, how do the NEM developers collaborate? If this helps, I found some online development environments where the team can chat and edit the same code in realtime.
Cloud9 IDE https://c9.io
Codenvy https://codenvy.com
Compilr https://compilr.com
Koding https://koding.com
legendary
Activity: 1806
Merit: 1001
some apparently bought nearly 2 000 000 000 coins for 0.49 BTC and wants to sell it now for MIN of 500BTC  lol wtf  this board gets more insane by the day?

People bought hundreds of millions coins during the first week after IPO was over. He doesn't have 2B coins anymore. Even if he does what your problem with that? Unless he doesn't sell a lot of coins on exchnges and doesn't hurt price level I don't care if he has 50% coins. Some people just can't stand the idea of someone's luck. Don't be so stupid and greedy, guys.
hero member
Activity: 518
Merit: 504

If you could not be bothered to read that.........


NAS distribution  is  WAY worse than Nxt's distribution. The giveaway means nothing in real terms.

Someone needs to release a nxt clone that does not allow 11 people to hold 71% of the coins.... how difficult can it be.

It is copy pasted post from other thread.
Sorry, I couldnt resist. I dont wanna newbies getting burned and got in pessimist vibe, when NEM is released.



Im pretty sure the distribution model is one of the main reasons newbies are drawn to NEM. I think in the long run for mass adoption of NEM - initial distribution most likely wont be of a conern as it is in the initial stages.

Anyone who invested a full bitcoin into NXT, which was only 4-5 people ($130 at the time) got around 47M NXT.  Valued at $6.5M a few times this year,  I'm 99% sure that 99% of their stakes have been distributed at this point.  Wouldn't you have already sold and quietly moved to Guatemala or Honduras by now? Cheesy
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