[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 214.

DontPanic_42

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Quote from: upekha on April 13, 2014, 03:14:26 PM

let me think ... NAS is purely POS, like NXT, and there is one guy owning 20% of all the coins out there? like, a fifth of all the transaction fees go to the same guy?

currency allready doomed.

Lets have a look at the NEM rich list, 1 or 2 month after release.
Maybe you can buy NEM even cheaper than the stake price right after launch.
I think a lot of stakeholder from the first 25 pages, who paid nothing for their stakes, will dump their coins as soon as they can.
And I am sure some whales will buy it all and have something like 5% to maybe even 20% of all NEM eventually.

hypersire

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Quote from: schnidl on April 13, 2014, 06:31:29 PM

Quote from: cryptonikus on April 13, 2014, 06:02:24 PM

seems like every coin is now trying to do multipool, it is new obsession in cryptoscene.
I think that doing unofficial multipool would work best.

what exactly is multipool? you mean like hashrate.org?

Well in the case of POS coins that cannot be mined, I believe the multipool mines other coins and then uses the proceeds to purchase the POS coin. Someone please correct me if I'm wrong.

schnidl

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POS killed the POW-star

Quote from: cryptonikus on April 13, 2014, 06:02:24 PM

seems like every coin is now trying to do multipool, it is new obsession in cryptoscene.
I think that doing unofficial multipool would work best.

what exactly is multipool? you mean like hashrate.org?

cryptonikus

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seems like every coin is now trying to do multipool, it is new obsession in cryptoscene.
I think that doing unofficial multipool would work best.

vonBerlichingen

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Believe in your own strengh.

GreenDude

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This thread is not about Nas. Is about Nem.

gemini22

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Quote from: patmast3r on April 13, 2014, 04:02:57 AM

Quote from: ?? on ??

Quote from: patmast3r on April 13, 2014, 03:44:29 AM

1. That's the argument that will one day have destroyed the planet. You know why that argument works ? Because everyone uses it. If noone would support mining noone would mine. Why should we not be the first to step up and say "screw it" to waste of computing power and energy ?
2. and then dump ? imho miners are not really healthy for a crypto. They are just in it for the money not to actually use the currency they are mining. (some may actually mine to support the currency but that's probably the minority)
3. Anyone can place limit orders that are automatically filled on an exchanges. I don't think that's a big point. Why would I acceppt a much worse rate when I can just wait a bit ?

1. Yes... I understand where you're coming from... it might be wise for NEM to not fund a multipool officially as a development project... but how can NEM prevent someone from doing it anyway?
2. In this case... the crypto they end up with is not the one they mined. Dumps may come later down the line of course once value goes up... some of it might be sucked up by new Demand from the multipool... but it will be interesting to see. I have my eyes on Blackcoin waiting to see how it will pan out too. I guess if Demand from the multipools is out the picture... it all comes down to general development of the respective crypto... which takes us back to what you are saying! Wink

3. Some people are lazy/missing the know-how.

Yeah...well. I didn't actually mean to stop anyone from doing it. Just wanted to express my concerns

Agree. Keep NEM green. If someone wants to create a multipool, fine, but let's not officially endorse it as a development project.

mikesbmw

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Activity: 338

Merit: 250

What's with all the negativity about NAS?

They cost next to nothing and if there is a profit to be made: fine by me.

Perhaps it dies a quick death and maybe not.
It's like one of the 200+ altcoins that bring nothing new, but are there for our enjoyment and profits Grin

And now enough about NAS, this is a NEM topic! Kiss

upekha

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

let me think ... NAS is purely POS, like NXT, and there is one guy owning 20% of all the coins out there? like, a fifth of all the transaction fees go to the same guy?

currency allready doomed.

Thingamajig

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Activity: 497

Merit: 501

Quote from: Coinraptor on April 13, 2014, 02:08:06 PM

NAS is total shit clone, badly distributed, no innovation, advertised only by big stakeholders of NAS, trying to experience what original NXt stakeholders did. Knowing this, it is not even morally right to support such a coin, that is my personal view.
They just want to create liquidity, so they could dump, nothing else, they want to make you bagholders.

This. I saw nothing appealing whatsoever about NAS. It really offers absolutely nothing new at all.

NEM by far is the most interesting of the lot out of all the coins i've invested in.

Coinraptor

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NAS is total shit clone, badly distributed, no innovation, advertised only by big stakeholders of NAS, trying to experience what original NXt stakeholders did. Knowing this, it is not even morally right to support such a coin, that is my personal view.
They just want to create liquidity, so they could dump, nothing else, they want to make you bagholders.

TaunSew

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Quote from: Chris001 on April 13, 2014, 12:42:54 PM

1. This is the NEM thread post your coin info in the appropriate places. NOT HERE!!

2. I own zero NAS

3. I do find it funny that many of us supported NEM when it was only a fork/clone. Now we act like this so horrible LOL!!! Just saying!!

It was hypothetical discussion back then and nobody supported NEM because it was a fork of Nxt (there were other, now abandoned, $hitclones of NxT at the time).

NEM was supported then because it promised to take NxT's worst feature (distribution), modify it and make it palatable to the mainstream. Now NEM is a different creature with new code, features but also with good unparalleled distribution.

Robert Lewandowski

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Bayern

How is the project going? Just checking up since i invested .075 Btc into it.

mr smith

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Quote from: Chris001 on April 13, 2014, 12:42:54 PM

1. This is the NEM thread post your coin info in the appropriate places. NOT HERE!!

2. I own zero NAS

3. I do find it funny that many of us supported NEM when it was only a fork/clone. Now we act like this so horrible LOL!!! Just saying!!

Worth a thought > consider maybe NEM *had no intention of cloning* Regardless NEM is not a clone and built from scratch.

Chris001

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Activity: 448

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electroneum.com

1. This is the NEM thread post your coin info in the appropriate places. NOT HERE!!

2. I own zero NAS

3. I do find it funny that many of us supported NEM when it was only a fork/clone. Now we act like this so horrible LOL!!! Just saying!!

TwinWinNerD

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CEO Bitpanda.com

The biggest NAS giveaway ever has started! Join now in this thread:

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freigeist

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Quote from: TaunSew on April 13, 2014, 09:38:58 AM

Quote from: freigeist on April 13, 2014, 06:05:31 AM

Quote from: xtester on April 13, 2014, 12:10:38 AM

Clearly, the multipool is not the only factor. Blackcoin has brought some innovation to the market(the multipool), has gathered an enthusiast community and comes with no premine and no inflation because it is POS.

It has inflation but is very low in total 1% yearly inflation.

Which is still high for a crypto as most $Fiat see 1% to 3% inflation in a year and it adds up over the decades.

It depends how you look at it.
1% on total supply of 70 and something million is not that much the value won't decrease
it could stabilize the value of the coin to not raise to fast as wider adoption of this coin is expected in future.

freigeist

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Quote from: thuhyl on April 13, 2014, 07:44:55 AM

Quote from: freigeist on April 13, 2014, 06:05:31 AM

Quote from: xtester on April 13, 2014, 12:10:38 AM

Clearly, the multipool is not the only factor. Blackcoin has brought some innovation to the market(the multipool), has gathered an enthusiast community and comes with no premine and no inflation because it is POS.

It has inflation but is very low in total 1% yearly inflation.

Inflation rate can be adjusted depending on the market situation, right?

I don't know. I think is fixed in the code.
Maybe making a fork this can be "adjusted".
What would be the market conditions to change the inflation rate?!

patmast3r

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Quote from: sevenyears26 on April 13, 2014, 09:00:28 AM

Quote from: patmast3r on April 13, 2014, 08:43:15 AM

Quote from: sevenyears26 on April 13, 2014, 08:38:57 AM

Quote from: patmast3r on April 13, 2014, 03:25:16 AM

Quote from: ashapasa on April 13, 2014, 01:37:25 AM

Quote from: utopianfuture on April 12, 2014, 09:26:01 PM

We want a multi-pool for NEM. Agree ? Who can help ?

What do we need to create a multipool?

I'm not sure how i feel about a multipool for NEM.

Should we really support the waste of energy just to maybe get some miners on board ?
Is that really going to do much good for the value of NEM ? (no idea about this one)
Why would anyone use our multipool if they can use anyother pool and then wait for a good price to exchange ? (are we going to somehow provide benefits like better prices or alike ?)

When I heard that NXT was doing something like that all i thought was that they completely threw the "green" out the window.

I think you've missed the point of the multi-pool a bit.

A multi pool will use the hashing power of the community to mine other alt-coins which will be sold for bitcoin. The bitcoin will then be used to buy NEM which will theoretically increase the price of NEM. I can't think of a good reason not to do this. Its only a matter of time until ALL new alt-coins catch on to this and we are in the prime position to make it happen now.

Did you even read my post ?

Yes I did. I think my reply went off course I apologize. I mean to say that the people using this multi-pool aren't going to be using it just as a multi-pool. They will be aware of its purpose, and contributing in order to increase the price of a coin that they own. Even non-stakeholders will see this as important as they can contribute to increasing the value of coins they have just purchased. Using a multi-pool to mine alt-coins is one thing, but using it for this purpose is pretty genius. With more NEM being purchased at a steady rate this will increase the value of NEM. I witnessed blackcoin do this with my own eyes. I actually own some. As for the green aspect my personal opinion is that very very few people actually care and it will have little affect. It seems more like legacy idea that was used to make coins stand out in the past.

No need to apologize

I understand where you guys are coming from and I can see how it could have a positive effect.
For me personally however the green aspect is very important. If NEM is worth a little less but more green in return - I would be very happy with that. I wouldn't want to increase the value of NEM by supporting a system that is obviously flawed (not in a tech sense but you see what I mean right?).
Smart people have come up with alternatives to PoW for a reason. I personally would hate to see those accomplishments go to waste.

However like I said...just expressing my concerns.

TaunSew

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Quote from: freigeist on April 13, 2014, 06:05:31 AM

Quote from: xtester on April 13, 2014, 12:10:38 AM

Clearly, the multipool is not the only factor. Blackcoin has brought some innovation to the market(the multipool), has gathered an enthusiast community and comes with no premine and no inflation because it is POS.

It has inflation but is very low in total 1% yearly inflation.

Which is still high for a crypto as most $Fiat see 1% to 3% inflation in a year and it adds up over the decades.

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 214. (Read 661498 times)