Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 244. (Read 661498 times)

If you haven't yet written a post about NEM in the below thread it is time to do it now!

https://bitcointalksearch.org/topic/best-alt-coin-to-invest-in-2014-487409

I've been meaning to look into Ripple, just haven't gotten that mental motivation to do so.

It does sound interesting to me, from a technological standpoint. But who exactly owns most of the coins? How does those coin get distributed to others?

+1, Bitcoin could be beat...

Call me picky, but I'm not sure I like the forum redesign... What does everyone else think?

Like Instacash said, it's slightly more time-consuming for exchanges to add support for 2nd-generation cryptocurrencies. The reason for this is how different they are to the Bitcoin and Litecoin derivatives that saturate the cryptocurrency scene at the moment.

It's nothing to worry about though, with massive exchanges like BTER and Cryptsy adding NXT trading, NEM surely won't be far behind.

Yup. That's what often slips many minds here. Everyone is inside the crypto matrix.

A coin that steps outside that and presents itself as user friendly and informative will kick the pants off any amount of technical cleverness.

Ripple has been misspercieved and bashed. So much FUD has been spread that hardly anyone knows what's true anymore. It's also a more complex system which requires people to do some more research and most people just don't do that and simply decide to hate it instead.
I looked into Ripple a few months ago and here's how i understood it (may not be correct 100%):

Ripple is afaik decentralized it just isn't currently used that way by the majority of people. Currently it's more like distributed. The ripple client is a thin client that's why it relies on servers and that's why people say it's not decentralized but the truth is anyone can run a ripple server. The only difference between Ripple and any alt is that most alt-clients contain server and client. NEM will also support thin clients does that make it centralized ? I hardly think so. The consensus in the Ripple-Network is reached by validators I'm not sure how that works but I don't think it's relevant for this point.

Trust is something that could be an issue but if you look at the big picture it's not much different than with bitcoin or any alt it just deals with it in a different way.
If you buy bitcoins from an exchange you trust that exchange don't you ? Would you deposit money on an exchange that you don't trust ? If you wan't to trade on what's called a gateway in Ripple you need to trust that gateway in the ripple client. What most people are worried about is "rippling" which is a way more complex topic and people should read up on that themselves but I want to menion that you can disable rippling. You can also remove the trust again at any time.

Ripple is way cooler and more sophisticated than it's being given credit for. It could actually do a lot for the entire cryptoscene since it supports any form of currency but the crypto scene is to busy bashing it.

It's impossible to accurately speculate, but I think NEM could easily reach that kind of market capitalization, fairly quickly.

NEM hasn't been released yet. Rough ETAs include an alpha release in late April, and V.1 release late May. The NEM will be delivered to stakeholders at launch.

NEM will be released with a decentralised asset exchange on launch, along with the possibility of a NEM<=>Fiat exchange on launch too. So you'll be able to purchase NEM in either of those places. I know some people are selling their BTT stake-holding sockpuppet accounts, but purchase them at your own risk (at least wait until the final contractual stakeholder list has been released in a couple of weeks).

Well I agree with you there about the video, but I guess that was only intended for marketing purposes. What I really like about this coin is their professional and practical approach to gain widespread adoption of their coin. The key for them and most coins nowadays is marketing. Face it, no real coin besides primarily Dogecoin and Bitcoin has really gained public adoption of some sort. The first coin which secures a foothold outside of the crypto community will be most likely to succeed in the long-term. This is what I think NEM and Numus should work towards.

+1?

It's definitely the most exciting coin in the horizon, so we'll see how that goes. Just hope it doesn't lose momentum.

Very, very valid points.

As far as a tech and app goes, Ripple is very slick. Much better than any alt coin. At the same time it's not truly descentralized which is a HUGE no go in the community. It also takes a step backwards to many because it requires trust.  In some ways, it is a "realistic" compromise. The type of thing governments or big banks might like, and that is part of the reason it's so hated. Right now banks and governments are angainst the blockchain, and the crypto community is against centralization and trust. That puts Ripple in a no mans land. It's great tech but nobody wants to support it. It's a very long shot.

NEM will have a great community. And has a chance to be just as good as anything else at there! In some ways NEM is the most exciting thing on the horizon. Definitely in the next few months.

  waiting patiently...

Ripple market cap is artificial. Something like 95% XRP have never been distributed, so the real market is (100 billion (total) - 95%) * whatever it is on coinmarketcap for one xrp.

All Nem coins will be distributed on the launch date

I think it'll be better to use the NXT AE but only IF it is working well. Traditional exchanges are welcome too of course.

I also think it's huge from day one to have a big mining pool. Lines have been drawn on POW verses POS. Many miners hate POS but might be willing to mine for NEM as the distribution and model is fair.

Mining for POW is so 2010-2013. 2014 is the year of POS indirect mining. Basically the POS is going to eat POW for lunch because it can and POW can't do anything about it.

I've never really looked into Ripple, but from what I know about it, it's the complete opposite of Nem in terms of distribution. But if we had it's market cap, then one million Nems would be worth $211,767.48.

I mean, I was just checking out the current marketcap to compare things, hoping that a Nem stake would be worth at least $5,000 and be happy with that. But then I looked at Ripple and thought it's a really long shot, but why not? Anything is possible.

Perhaps NXT didn't reach similar market cap because of the fear of those who were not original stake holders, but Nem doesn't have that problem.

Different times though, so I don't know.

I don't get how it's a game changer, compared to lets say Nem, or NXT.

It's not new code, it's based on Peercoin, and the gimmick is that it's going to be marketed, and they have a neat looking presentation.

To me that looks more promising than your daily alt coin, but at the same time, it's more of the same, just with a nicer, more professional looking presentation.

Like I looked at the video and it starts by saying, "We have an idea," and the proceed to talk about how they came up with a coin that can be used in a decentralized way. And it frustrates me when a new coin says that, because they're describing all other coins, yet saying it like they just came out with that new a revolutionary idea.

This watch out for Numus. That coin looks to be a game-changer.