Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 237. (Read 661498 times)

It is supposed to be an exaggerated joke that can hold a certain percentage of truth.



Disregard the troll but the key point is that I and NEM has no inferior complex toward NXT, Ethererum, Bitshare etc.  

NEM: the 2015 King - best developers- best innovation - best vision - best community

[/quote]
+1000。 support!   

Ethereum : impractical idea - no practical use cases
Ripple: outdated model - limited appeal
Mastercoin+ Counterparty: unsuitable foundation - limited functionality
Invictus Bitshare : fragmented products, lack a correct vision
Exo: dubious fundamental
Bitcoin: still great but the old King with new problems popping up everyday
NXT: XXXXXX
NEM: the 2015 King - best developers- best innovation - best vision - best community

Disclaimer: comments are with guaranteed objectivity as long as you understand there is no objectivity in forum writing.

I think Pat are pretty much on the point. In a way, NEM structure and fundraising is uniquely different from all other so call IPO so it is good that people are worked up and ask questions since that is opportunity to clear all the muddied issues.

For number 3, there is no practical enforcement. In my interpretation, participation is not restricted to the past or the present. It could be some type of participation in the future. So unless the community has a different interpretation of participation and get really warmed up to that idea and and cook up a practical way to enforce it, things will stay the way they have been so far.

thank you for the explanation  , very informative.

I think if Ethereum is really what it promises, it is that big of a deal.  

The way I see it is like this.  In the short term, it doesn't matter.  In the short term from a functionality perspective, they will all have the same functions.  The lead developer of Ethereum mentioned this in an interview recently.  Both will have multi-sig functions and asset exchanges and other key aspects.  Things that bitcoin simply can't do because its code is not designed for it.  So in this aspect, NXT has somewhat of a 1st mover bump.  

But.... Ethereum is designed basically to do anything and everything in the future, most of which hasn't been designed yet, or for that matter even thought of yet.  So, it is very possible that in 5 years, NXT will find itself in the "Bitcoin" situation of not being able to meet the needs of a new market.  A platform that was revolutionary and great at the time, but eventually limited for what it needs to do.  And then again.... maybe it won't.  Maybe it will prove very versatile and adaptable.  But I see a very long "blue-ray vs HD DVD" battle coming up between "Ethereum vs Ripple vs NXT" with honorable mention of NEM.  (and then trailing after that counterparty and bitshares)

Ethereum and NEM are late to the game, but both have advantages that if leveraged can really be a big factor.  Ripple and NXT are here now, both with advantages and disadvantages that makes them very polarized and hated/loved in the community.  It all depends on how bad their decisions are and how much NEM can monopolize their failings.  On top of that, NXT has already quasi-set a framework for NEM to follow.   This is not a bitcoin vs litecoin type of battle.  It is going to be much closer than that.  

One things for sure, NEM has the chance to be the people's 2.0 platform, but it will not be easy and we will really need to work as a community to make it happen.  

PS.  You asked for "knowledgeable" and well...... that probably isn't me, I am a newbie, but I thought I would give it a go. hahaha

I don't think that's what's going to happen.

Yes I agree wholeheartedly, we need people to participate. The important question is ; can we make a stakeholder participate if he feels disinclined to do so? in such a event is it right to take away his/her stake? How can we justify a person like 2Kool4Skewl  getting a stake and not a 16 year old noob. These are difficult questions to answer   for me atleast.

There is no difference between newcomers and veterans. I would welcome both as always. There is a difference between participants and investors. If you are an investor and looks for an investment, NEM is not for you at this phase. Investors are welcomed when all NEM are distributed and trading starts. Additionally for a similar reason, there was no NEM IPO but rather "a call for participation". For all other fundraising, you send in a certain amount of money and you get an equivalent of coins/ shares etc. the more money you send in, the more coin you will get and that's how an IPO looks likes as you buy the shares in the public offering.

There was no NEM IPO in that sense. In NEM fundraising, the fee/ donation is more like to establish the eligibility to participate. Stakeholders are participants not investors.

There is a certain subtlety in my wording and there is a good reason for that. I hope everyone understand and support NEM.

That's in the plan.

Another thing I would like to suggest for NEM is that the addresses have checksums. NXT does not have this.
It makes it safer if a user mistypes or doesn't copy an address properly.

It's being nemphasized again and again because it s very nemportant. People are always saying how great it is that NEM has such a big community and how that is going to contribute to it's success. How much is it going to contribute if most of the community are only investors that aren't willing to do anything ?

Okay, then we are clear on those points (if UtopianFuture (NEM) agrees)

This is causing "a fuzz" for me, because it gets emphasized again and again, so I had to ask.

I didn't want to imply that he made something up. I just meant that sometimes it feels like that. Like recently when suddenly everyone said inactive people are going to kicked out.


I think this is what you guys are refering to:


I don't think that is the same as saying someone is not suitable but I guess that's up for interpretation.


1. Pretty much anything that helps NEM.
e.g.

• running a node
• spreading the word
• joining the swarm team
• discussing ideas in the forum
• ...

simply stuff you do when your excited about something.

2. I guess whenever you have time and feel like it. Many people are discussing things and sharing ideas already.

3. Don't think it will be enforced. It's just very much encouraged.

I don't get why this is causing such a fuzz.

Could clarify this?

- What do you expect?
- When do you expect this?
- How are you going to enforce stakeholders to contribute?

Maybe he was referring to the people who are on the waiting list. Who knows...

He did not make this up, UP said that a couple of pages back. There is nothing wrong for a call of participation, but suggesting a stakeholder he might not be suitable is not cool. Everyone was welcome to be a stakeholder, its NEMs most attractive draw. I understand UP has to deal with a ton of crap and any one can loss their cool once in a while and I hope its just that.

nope... nxt will be able to do everything ethereum can and maybe more... nxt will use automated transactions, where as all ethereum transactions will be turing complete...

because nxt will use automated transactions aswell as regular ones.. it can pick and chose which tx type is right for the task in hand.. minimizing the amount of data needed for certain transactions

ALL of ethereum transactions will be turing complete.. meaning all transactions will have a higher byte size.. regular(like just sending ether to someone) transactions dont need turing complete.. therefore using more bytes for the transaction then necessary.

im not sure of the full pros/cons of being fully turing complete compared to only select transactions being turing complete but im nearly certain it puts ethereum on the back foot.

someone asked before in this thread about whether NEM will be turing complete and the devs reply was basically that nem wont use automated transactions but he said they will be able to do all the same stuff.. cant remember the term he used but i was happy with his answer... it will be a while before automated transactions are implemented in nxt and ethereum wont launch til Q4 of 2104 so in saying this if NEM launches with this feature it will actually be ahead of NXT and ethereum in terms of turing complete/automated transactions..

there is also ALLOT of hype around ethereum and very high expectations.. i think allot of people think that ethereum will have "many" features that other 2nd gen coins dont have and as far as i know thats simply wrong.

iv also herd many times that they have backing from a large bank... which is a strength and weakness at the same time.

This is a qoute from a poster form the NEM vs NXT thread.


One of the problems NEM is going to have is that it's going to be sandwiched in between NXT and Etherium when it launches.

NXT and Etherium are in some ways complimentary in the sense that NXT has "out of the box" features that get up and running quickly whereas Etherium will have a rich "Javascript for Blockchains" type language which will be used for advanced contract based transactions.

By that time, NXT might just have enough traction to carve itself a market presence alongside all the hype and bluster that Etherium will bring. NEM will get launched into the shadow of Etherium - a massivly more advanced technology than anything that has gone before and NXT which will have had nearly a year's worth of smoothing out bugs, gaining brand recognition and capturing new business (hopefully).

Is Etherium really as revolutionary as this guy makes it out to be ? Can some of the more knowledgeable posters please enlighten me on how they are so much better than both NXT & NEM potentially ( since Etherium is yet to be released)

Yeah. Telling people that are part of a movement they should participate - that's outrageous
Who said newcomvers are not suitable ?

Please always quote the post you're refering to. Sometimes it feels people are just making stuff up.