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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 215. (Read 661498 times)

member
Activity: 75
Merit: 10
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

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.
hero member
Activity: 980
Merit: 1001
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

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 ?
member
Activity: 75
Merit: 10
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

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.
full member
Activity: 157
Merit: 100

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?
hero member
Activity: 1110
Merit: 534

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.
member
Activity: 83
Merit: 10
Why it takes so much weeks to see the final stakeholder list?
Would it be possible times to complete one thing instead of working at a hundred things at once?

I am very patient but so slow it's ok to bring a thing to an end!

- Stakeholder list
- NEM Logo
- Regulate distribution
- Bounties

That´s are the most easy things !


+ 1   

( i think also )

Every couple of days i look on this thread ... and... nothing new ... ok screenshots for few weeks ...

we will see  Roll Eyes
hero member
Activity: 980
Merit: 1001
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 Smiley
newbie
Activity: 43
Merit: 0
Why it takes so much weeks to see the final stakeholder list?
Would it be possible times to complete one thing instead of working at a hundred things at once?

I am very patient but so slow it's ok to bring a thing to an end!

- Stakeholder list
- NEM Logo
- Regulate distribution
- Bounties

That´s are the most easy things !
hero member
Activity: 980
Merit: 1001
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 ?)

1. People with mining gear will mine anyway.
2. Constant Demand...  actually even better...  we're not talking about just Bids being placed...  we're talking about Asks constantly being filled.
3. Automation

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 ?
hero member
Activity: 980
Merit: 1001
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

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.
sr. member
Activity: 420
Merit: 250
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

What do we need to create  a multipool?
sr. member
Activity: 420
Merit: 250
So what are the benefits of a multi pool?

The benefits are the following, we get to integrate the miners(which is a very large community) and create a steady buying pressure on the price, which naturally leads to steady price increase. (For more info check blackcoin as a case study)

The multipool will allow people to mine the most profitable coin, automatically convert their gains in Nem through buying on the exchange and pay them in Nem.

It's a good idea. How do the miners automatically convert coins to NEM ?
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
So what are the benefits of a multi pool?

The benefits are the following, we get to integrate the miners(which is a very large community) and create a steady buying pressure on the price, which naturally leads to steady price increase. (For more info check blackcoin as a case study)

The multipool will allow people to mine the most profitable coin, automatically convert their gains in Nem through buying on the exchange and pay them in Nem.

I can agree with this but the emphasis on steady should be noted.  BC is doing $1 million in volume at the moment and I don't think it's due to multipools alone?

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.
hero member
Activity: 756
Merit: 506
So what are the benefits of a multi pool?

The benefits are the following, we get to integrate the miners(which is a very large community) and create a steady buying pressure on the price, which naturally leads to steady price increase. (For more info check blackcoin as a case study)

The multipool will allow people to mine the most profitable coin, automatically convert their gains in Nem through buying on the exchange and pay them in Nem.

I can agree with this but the emphasis on steady should be noted.  BC is doing $1 million in volume at the moment and I don't think it's due to multipools alone?
full member
Activity: 284
Merit: 101
Guys, do we have a final stakeholder list?  I want to make sure my name is in it.

Thanks!
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
So what are the benefits of a multi pool?

The benefits are the following, we get to integrate the miners(which is a very large community) and create a steady buying pressure on the price, which naturally leads to steady price increase. (For more info check blackcoin as a case study)

The multipool will allow people to mine the most profitable coin, automatically convert their gains in Nem through buying on the exchange and pay them in Nem.
full member
Activity: 210
Merit: 100
So what are the benefits of a multi pool?
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

Definitely agree. When we look at the effect it all had on blackcoin, it's pretty amazing.  Cool
sr. member
Activity: 602
Merit: 268
Internet of Value
We want a multi-pool for NEM. Agree ? Who can help ? Smiley
newbie
Activity: 15
Merit: 0
Fairphone, this fair trade smartphone is interesting.
www.fairphone.com
Once we have our NEM app, we can do a cross-promotion with them. Their customers would be a good fit for NEM.
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