Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 220. (Read 661498 times)

I'm following this launch with great interested and I'm keen to know does anyone who's invested in this coin even know what day of the week it is? 

What's the obsession with charity? We are not a charity fund. If someone want to spend his money for charity - then go for it, but don't use money that belong to others for it. We need a strong coin and we should spend all available money for development and marketing. I'd better give all money to dev team so they could quit their day jobs and focus on Nem. After all $40-50K spent on development and marketing may increase coin capitalization 10 times and everybody can spend 10 times more money on charity if they're so obsessed with it.

Agreed. Focus on NEM's strengths, and how it can differentiate from Nxt, NAS, etc. Allocate those funds to development.

Charity won't drive adoption, a stable, feature-rich platform will drive adoption.

What's the obsession with charity? We are not a charity fund. If someone want to spend his money for charity - then go for it, but don't use money that belong to others for it. We need a strong coin and we should spend all available money for development and marketing. I'd better give all money to dev team so they could quit their day jobs and focus on Nem. After all $40-50K spent on development and marketing may increase coin capitalization 10 times and everybody can spend 10 times more money on charity if they're so obsessed with it.

cannot agree more

Great Idea.

+1 for this idea

EDIT: in the event that everybody on the waiting list gets a stake I agree with the above poster: auction off the remaining stakes for charity.

Would you all be against letting ALL on the waiting list in?

Those who would verify their ID in conventional ways?

And offer stakes to the 20 most senior members who asked?

And auction off 20 stakes?

We might go over 3000 by alittle?

These are positive things that would help NEM.

And yes I am on the waiting list

My thinking is those that would wait just to get in and be willing to PROVE who they were must be pretty serious about NEM.
You would also know for a fact that we were real.

And the other ideas would raise the value if you ask me. So do you really care if you get a few thousand less NEM?

Checking to make sure I made the stakeholder list.

My 2 nem:

An auction doesn't seem completely fair to me. Nem has quite a bit of newbies and 'friends of' who can't freely sling around bitcoin. To me it seems a NEM stake is now already worth more than the original buy-in, and you shouldn't be distributing an egalitarian crypto on the basis of who can afford to pay the most.

In the hypothetical case of 300 spare stakes here's how I would proceed:

290 go to the people on the waiting list through a lottery. Put those at 0.1 BTC or something to keep things straight for the people who got in earlier.

Then, refund the people that somehow thought it was a wise idea to send money while on the reserve list.

Then, throw a public auction for the last 10 stakes, and send the proceeds to charity.

EDIT: in the event that everybody on the waiting list gets a stake I agree with the above poster: auction off the remaining stakes for charity.

+2! Auction is good and interesting idea. What is dev's opinion?

When will NEM launch and where can we buy it?

(1) What is NEM?

• NEM (New Economy Movement) is a brand-new, upcoming 2nd-generation cryptocurrency.
• NEM is being written from scratch with 100% original code, sharing nothing with any other digital currency.
• NEM is not just a currency, but a technological platform. It has the ability to support many activities which involve a trust-less consensus between two parties: a decentralised exchange, messaging, reputation systems etc.

However, NEM is more than this. This movement was built upon foundations of fairness, equality and charity; foundations which every NEM stakeholder and user should respect and try to adhere to.

(2) When NEM Launch?
V.1 of the blockchain will launch roughly the end of May 2014. An alpha version of the client for testing will be released roughly the end of April 2014.

(3) How will the NEM be delivered to stakeholders?
The details are still being finalised, but it will involve sending a private message on the Bitcointalk Forum account you claimed your stake with; so don't forget the password! The final in-depth instructions on how to claim your NEM will be made obvious on all forms of social media (here on the Forum, Reddit , the Bitcointalk Forum thread, Twitter, Facebook etc.) at least 2 weeks before launch.

(4) How many coins will each stakeholder get?
The number of NEM per stakeholder is determined as follows:


The number isn't final just yet, but will likely be just over a million NEM per stakeholder

(5) How do I become a stakeholder?
Unfortunately, the 'call for participation' ended 17th February 2014. There was also a waiting list (which was used to bring up the total number of stakeholders to ~3000 people after the removal of sockpuppet accounts) which was closed 9th April 2014. 

(6) What features will be included in NEM at launch?
V.1 of the NEM blockchain will include the following features:

• 'Proof of Importance' (PoI) coin generation that rewards people for actively using NEM as a currency, discouraging hoarding. The people most important in maintaining the network receive the highest coin rewards, not the people with the most NEM.
• Support for 'coloured coins' and a fully-functioning Asset Exchange (A.E). The A.E is designed with advanced features such as automatic settlement and expiration dates. There is a huge focus on the ease-of-use of the asset exchange to make it the premier platform for fundraising, asset listing, token issuing etc.
• Secure messaging for contract storage.

You can read in more detail about the various features of NEM in the development plan.

(7) Will the NEM client be an online client or a desktop client?
The NEM Community Client (NCC) will be a one-click-install client which displays through through your web-browser. Wallet data will be stored locally on your computer just like any other wallet. You can read in more detail about the various features of NEM in the development plan.

(8) Does NEM have a website?
Yes, but it is still under construction.

(9) What can I do to help NEM?
There is a public Trello board with lists of activities and discussions which anyone can get involved or help out with. Go check it out!

(10) What charities will NEM be donating to?
Nothing final has been decided yet; this will be a community-orientated decision. 10% of the total supply of NEM has bee allocated to charity and give-aways. I posted a thread on the NEM subreddit a while ago asking for people's opinions on specific charities. If you're passionate about a charitable organisation, post there!

(11) Where can I see updates as they happen?
All development updates are posted by users 'Utopianfuture' or 'Jaguar0625' on the Bitcointalk Forum thread. They are also linked on the first page of that thread, under the 'updates' section.

Time of writing: 10th April 2014.