[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 249.

TauMuon

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Quote from: upekha on March 31, 2014, 05:24:50 PM

seems like people believe in NEM:
https://bitcointalksearch.org/topic/best-alt-coin-to-invest-in-2014-487409

NEM is mentioned a lot in that thread! I've posted my bit for NEM. I advice everyone else to do the same! This is when the SWARM team would come in handy.

TauMuon

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Quote from: ?? on ??

Can somebody point me in the right direction. Do I have to wait for the release, or can I submit a stake? Sorry for the ignorance.

The initial 'call for participation' ended about a month ago. There is a waiting list to join here, which will be used to bring the total number of stakeholders to ~3000 people after the removal of sockpuppets.

Unfortunately, apart from the above, you will have to wait till launch in late May to buy up some NEM. I know there are people selling their stakes, but I'd wait until the final stakeholder list is produced before buying anything; their accounts could be caught sockpuppets.

pabloangello

legendary

Activity: 1344

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Quote from: ?? on ??

Can somebody point me in the right direction. Do I have to wait for the release, or can I submit a stake? Sorry for the ignorance.

You are already too late for a stake.

mynxtcoin

newbie

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Quote from: utopianfuture on March 31, 2014, 02:50:35 PM

Quote from: Eadeqa on March 31, 2014, 01:55:03 PM

Quote from: conbos on March 31, 2014, 01:33:06 PM

I think we have a big chance to reproduce (or even surpass) NXT initial success

Nxt small number of stakeholder turned out to be advantage in manipulating prices (in nxt favor), as number of coins in circulation (on exchanges) is lower than it could have been with wider initial distribution. Add the fact that there are 4 times more Nem (and many more people will be trading on exchanges) I am not entirely sure how high would one Nem go. Plus things have changed with all crappy altcoins around. People are burnt out with buying alt clones then prices go down as developers dump big amount after initial pump.

We will see how it goes, but I am keeping expectations low.

I would be cautiously optimistic. Hopefully, Bitcoin and general crypto scene would be in a better state than it is now when we launch.

It looks like that at the end of April to the middle of May, things will turn around quickly. So, starting in four to five weeks a dramatic shift should occur.

upekha

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

seems like people believe in NEM:
https://bitcointalksearch.org/topic/best-alt-coin-to-invest-in-2014-487409

mr smith

full member

Activity: 182

Merit: 100

Quote from: msin on March 31, 2014, 04:58:30 PM

Quote from: fairGame on March 31, 2014, 04:07:48 PM

Looks great. I support NEM. But watch out for competition Exo, Numus, Edge etc. all new kids. The way I see it, tech aside, each community would need a core group of supporters. Take care of them and pay no attention to detractors. I will be back. XXX

I would disagree. Exo, Numus, Edge, all unknown developers and creators, nothing released, they could all easily be scam coins. NEM has a very trusted and intelligent group of individuals involved in development.

I also disagree on the fact that NEM has MANY stakeholders thus there is no need to take care of a few. As the British government would say "We are all in this together"

msin

legendary

Activity: 1470

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Quote from: fairGame on March 31, 2014, 04:07:48 PM

Looks great. I support NEM. But watch out for competition Exo, Numus, Edge etc. all new kids. The way I see it, tech aside, each community would need a core group of supporters. Take care of them and pay no attention to detractors. I will be back. XXX

I would disagree. Exo, Numus, Edge, all unknown developers and creators, nothing released, they could all easily be scam coins. NEM has a very trusted and intelligent group of individuals involved in development.

fairGame

newbie

Activity: 4

Merit: 0

Looks great. I support NEM. But watch out for competition Exo, Numus, Edge etc. all new kids. The way I see it, tech aside, each community would need a core group of supporters. Take care of them and pay no attention to detractors. I will be back. XXX

utopianfuture

sr. member

Activity: 602

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Internet of Value

Quote from: mr smith on March 31, 2014, 03:22:59 PM

Yes things seem to be moving forward. As to talk of exchanges, it's incredibly difficult in the UK. There is Coinfloor that is on the go. Its registered with HMRC as a Bureau de Change however this means nothing. The owners had dealings with GLBSE that scammed $$$$$ and they operate out of a post box in London !
I am not slinging mud around but all i ask is that we use full due diligence when indeed the time comes to list on an exchange after all this is our NEM.

I agree.

mr smith

full member

Activity: 182

Merit: 100

Yes things seem to be moving forward. As to talk of exchanges, it's incredibly difficult in the UK. There is Coinfloor that is on the go. Its registered with HMRC as a Bureau de Change however this means nothing. The owners had dealings with GLBSE that scammed $$$$$ and they operate out of a post box in London !
I am not slinging mud around but all i ask is that we use full due diligence when indeed the time comes to list on an exchange after all this is our NEM.

emelac

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Activity: 184

Merit: 100

Quote from: gentlemand on March 31, 2014, 03:06:00 PM

Quote from: Eadeqa on March 31, 2014, 01:55:03 PM

Quote from: conbos on March 31, 2014, 01:33:06 PM

I think we have a big chance to reproduce (or even surpass) NXT initial success

Nxt small number of stakeholder turned out to be advantage in manipulating prices (in nxt favor), as number of coins in circulation (on exchanges) is lower than it could have been with wider initial distribution. Add the fact that there are 4 times more Nem (and many more people will be trading on exchanges) I am not entirely sure how high would one Nem go. Plus things have changed with all crappy altcoins around. People are burnt out with buying alt clones then prices go down as developers dump big amount after initial pump.

We will see how it goes, but I am keeping expectations low.

I'd say that would be a long term bonus. It would make for a much deeper and more widespread market.

Any initial price explosions are likely to be very modest compared to more constricted coins but it would make a functioning market that could last.

Sudden spikes in price are usually bubbles that do not last. Perhaps a slow sustained build up in NEM price could result in a sustained high NEM price eventually. Considering the number of stakeholders there will probably be some that dump and bring the price down early on, but the people who buy off them will probably hold them for longer to get a decent return on their investment.

gentlemand

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Welt Am Draht

Quote from: Eadeqa on March 31, 2014, 01:55:03 PM

Quote from: conbos on March 31, 2014, 01:33:06 PM

I think we have a big chance to reproduce (or even surpass) NXT initial success

Nxt small number of stakeholder turned out to be advantage in manipulating prices (in nxt favor), as number of coins in circulation (on exchanges) is lower than it could have been with wider initial distribution. Add the fact that there are 4 times more Nem (and many more people will be trading on exchanges) I am not entirely sure how high would one Nem go. Plus things have changed with all crappy altcoins around. People are burnt out with buying alt clones then prices go down as developers dump big amount after initial pump.

We will see how it goes, but I am keeping expectations low.

I'd say that would be a long term bonus. It would make for a much deeper and more widespread market.

Any initial price explosions are likely to be very modest compared to more constricted coins, but it would make a functioning and realistic market that could last without ridiculous swings.

conbos

member

Activity: 94

Merit: 10

Quote from: utopianfuture on March 31, 2014, 02:50:35 PM

Quote from: Eadeqa on March 31, 2014, 01:55:03 PM

Quote from: conbos on March 31, 2014, 01:33:06 PM

I think we have a big chance to reproduce (or even surpass) NXT initial success

Nxt small number of stakeholder turned out to be advantage in manipulating prices (in nxt favor), as number of coins in circulation (on exchanges) is lower than it could have been with wider initial distribution. Add the fact that there are 4 times more Nem (and many more people will be trading on exchanges) I am not entirely sure how high would one Nem go. Plus things have changed with all crappy altcoins around. People are burnt out with buying alt clones then prices go down as developers dump big amount after initial pump.

We will see how it goes, but I am keeping expectations low.

I would be cautiously optimistic. Hopefully, Bitcoin and general crypto scene would be in a better state than it is now when we launch.

I hope so too!

TauMuon

full member

Activity: 224

Merit: 100

NEM Enthusiast

Quote from: bitmadaboutcoin on March 31, 2014, 01:50:05 PM

hello long time since iv been on but glad i came on! the client looks so cool! Cheesy

any update on launch?

Check out the 'updates' section on the first post for any news:

Quote

Updates

1/19 : the fundraising began
2/17 : the fundraising closed
update 2/17 : plans ahead https://bitcointalksearch.org/topic/m.5206938
update 2/19 : an unified stake holder list would be made on 2/22 which is three days from today. You need to file a complaint in the stake complaint thread by that day if you think you are a stakeholder but you are not on the list or on the list without Y.
update 2/21 : waiting list https://bitcointalksearch.org/topic/m.5159558
update 2/24 : what is stakeholder list public auditing ? https://bitcointalksearch.org/topic/m.5338775 unified stakeholder list published (check the link above)
update 3/2 : the stakeholder list public auditing begins. Read the rules here https://bitcointalksearch.org/topic/m.5463089
update 3/10: a short update on coding progress https://bitcointalksearch.org/topic/m.5615748
update 3/10: logo committee is formed.
update 3/12: looking for a UI/ UX designer https://bitcointalksearch.org/topic/m.5662029
update 3/12: future plans explained https://bitcointalksearch.org/topic/m.5668983
update 3/29: development update https://bitcointalksearch.org/topic/m.5973475

Launch will probably be late May/June with an alpha client coming our way late April.

TauMuon

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Quote from: Thingamajig on March 31, 2014, 01:10:14 PM

Quote from: fondobinario on March 31, 2014, 12:25:41 PM

Quote from: marek3ball on March 31, 2014, 11:56:35 AM

Quote from: fondobinario on March 31, 2014, 08:48:56 AM

Hello all,

I have been following you for quite a long time and I would love to have your coin in our exchange, we are not like any other exchange that have full of silly worthless coins. At Binary Fund we choose our crypto currencies wisely, we do our best to investigate and research a coin before adding it. Only coins that we think may have a future are added to the exchange. We don’t accept bribes or have paid voting systems. We have very few coins and we like to keep it that way but we would like to have your coin with us. www.binaryfund.com has been in Beta version since a few days ago and we are fully functional now. Please take a look at our exchange and tell us what you think. We are based in London. Please see below the explanations of Binary fund features.

WHAT IS BINARY FUND?

Binary Fund is a state of the art exchange platform for crypto currencies. It has been developed to meet the needs of those new to trading and experienced traders alike.

FEATURES
•Secure coin storage. Every coin is send to a cold storage wallet so only the Binary Fund crew can access it.
•Candle stick graphs for every market pair to view the price history.
•We allow bank transfer to deposit fiat into your account without going through a third party.
•We have trading pairs for trading with GBP, EUR and USD.
•User friendly website with adjustable market pairs. You can hide market pairs you’re not interested in.
•Withdrawal through PayPal and bank transfer.
•Regular competitions with crypto prizes.
•Lively and engaging chat.

DESIGN
Binary Fund is designed with the user in mind. Trading is laid out to make it as easy and powerful as possible. With a clean, clear, concise layout even new users will understand how the platform works in only a few minutes.

www.binaryfund.com

Looks good! Will you add NXT and later NEM?

Thanks marek3ball, we would like to add NEM with the permission of the owners and not NEXT, I think NEM will do one million much better than NEXT because of it's wonderful community, I would like to invite you all to try our exchange and let us know what you think, we will welcome your ideas and add things you think will make us better, we have competitions where we give alt coins away

I came across your exchange a while ago, and from what i read, it looks pretty good.

On the release of NEM, I will very likely get myself authenticated on your site. I appreciate the consideration to add NEM.

Me too. If this is the only NEM-Fiat exchange on launch, they've instantly made 3000 new customers. Great news!

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: Eadeqa on March 31, 2014, 01:55:03 PM

Quote from: conbos on March 31, 2014, 01:33:06 PM

I think we have a big chance to reproduce (or even surpass) NXT initial success

Nxt small number of stakeholder turned out to be advantage in manipulating prices (in nxt favor), as number of coins in circulation (on exchanges) is lower than it could have been with wider initial distribution. Add the fact that there are 4 times more Nem (and many more people will be trading on exchanges) I am not entirely sure how high would one Nem go. Plus things have changed with all crappy altcoins around. People are burnt out with buying alt clones then prices go down as developers dump big amount after initial pump.

We will see how it goes, but I am keeping expectations low.

I would be cautiously optimistic. Hopefully, Bitcoin and general crypto scene would be in a better state than it is now when we launch.

abofj

newbie

Activity: 57

Merit: 0

Good discussions lately, pushing up positivism in all the areas.
I hope nobody will crash it with tomorrow's April news

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: wiser on March 31, 2014, 01:47:15 PM

How will the formal announcement be made? I'm not on the Forum as much as I used to be and want to make sure I don't miss it. Is there any way that you could send a notice via Forum PM or email?

Quote from: utopianfuture on March 29, 2014, 04:30:46 PM

Development update:

The development contract announcement will be delayed. My plan is to have the announcement when we have a clear road map of NEM development going forward and preferably within 1-2 weeks of the alpha launch. Unfortunately, at this point we don't have an ETA for the alpha launch yet and consequently, the formal announcement is delayed. My guesstimate of the Alpha is still on later part of April but there are quite a few things that needs to be worked on before we can make a solid ETA.

We currently have two repo, one for NEM infrastructure codes and one for NEM client codes and quite a few other concurrent projects going on. Progress is made on daily basis and team-quality wise I think we are as strong as Ethereum group except that NEM team and development are still in a stealthy mode.

NEM client would be called NEM community client (NCC) and here is NCC specification written by Thies1965. Feel free to comment on it.

https://docs.google.com/document/d/10ZVrzuS_krjRF5rMvt5oKl3IS3VOhF_qnn2faZb7KZQ/edit

These are some mock-up design of NCC

https://drive.google.com/folderview?id=0B9jSTPeGZxgtTjVncFlmMmJ6LW8&usp=sharing

I hope you like what NCC will look like in the future. Let me know if you are a developer and interested in working on expanding NEM ecosystem. I have some ideas about the future direction of NEM that I could share and I am very excited about it. Thanks.

Bookmark the first page of this thread and/or NEM Facebook and/or ournem.com and/or NEM reddit and check one of these sources at least one a week. The announcement will be featured in all of these at least 2 weeks before the official launch.

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: Smokeymar on March 31, 2014, 01:43:04 PM

I'm starting to think the NEM community is in a unique position that no other coin is or was ever in. If the source code isn't released, do exchanges need the development team's permission to add NEM to their exchange? If so, I think exchanges will be knocking down our door instead of the other way around. Yes?

Exchanges do not need the source codes, just the API to add new crypto. NEM API as well as wallet would certainly open to exchanges to test out.

scg1000

newbie

Activity: 5

Merit: 0

Quote from: Eadeqa on March 31, 2014, 12:49:38 PM

Quote from: patmast3r on March 31, 2014, 05:59:15 AM

Quote from: Djentriser on March 31, 2014, 05:32:17 AM

I waited what impact will have releasing of NXT code. The community thought that it will drive the price up, but in reality it did nothing for NXT, just many people trying to copy it. They didnt, but I heard those people saying they are not going to copy NXT code because it is strangely written.
Not sure how important releasing of code is, but think we should do something to prevent copying it.

First rule of economy says that resources are limited, thats what gives them value.
NEM must be valuebale. I totally stopped caring for 1.gen crypto, just because how much of them is in existence. Dont let that happend to NEM.

You're right the source release had no positive effect for NXT regarding the price. I think that witholding however did have an effect - a negative one.

Nxt didn't have "negative" start. They had the biggest gain in the history of ALTCOINS, ever. They turned 21 BTC to almost 100,000 BTC. The prices have dropped since releasing the code. If there was anything that had negative impact, it was the fact that it was different and required exchanges to do some work to add it -- not a single exchange that eventually added Nxt cared about code. Cryptsy owners still seem to think it's closed source, even though he added it to cryptsy.

Things have really changed in the last 2 months. It's much harder now to distinguish yourself from hundreds of coins. Every week there are dozen more crapcoins released. I think you will find it will be hard this time to convince outsiders why they should even care about Nem when 100s of other coins are around. If you make it even more diluted with Nem clones, that will be just bad.

@Eadeqa as stated by @utopianfuture on the NEM Promotion Trello board yesterday:

"NEM is not a coin. NEM is more like a new technological platform which takes a huge amount of effort and time from core developers to create. In a technological sense NEM platform is not that different from Android or Facebook except that NEM infrastructure maintenance would depend on a decentralized effort...."

NEM is vastly different from those "crapcoins" you mention. Yes, it will be difficult gaining the audience of "outsiders". But with our community of 3000+ we'll get it done.

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 249. (Read 661498 times)