Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 25. (Read 661498 times)

yep. Well, some. Had one originally, bought 2 more, one more max at around 14000.

Sounds like you're already doing it ^ lol

It's pretty pointless to even try to enforce the 2 stake rule, or even having it.
If only 2 stakes per account is allowed, people will simply transfer assets to another account before cashing it in.
If this is monitored, and forbidden, people will transfer nxt to another account and buy from different accounts. If Nxt movement is checked to prevent this, people will fund Nxt accounts from exchange, and use those to buy stakes.

The 2 stakes rule is incredibly easy to game, and very hard and time consuming (impossible actually) to enforce, therefore, pointless.

I recall seeing that too, and also wondered what the fate of such accounts would be and reasoned one of two things:

1) They will need to dump down to two and the days leading up to cashing in there will be a glut and a price drop (don't expect this as #2)
2) They will shuffle the stakes around in 2 pair chunks to other accounts.

Are we doing taint analysis? This isn't necessarily against the rules is it? You'd need to do the same analysis as the stake holder sheet.

That is the pareto principle in practice - the 80 / 20 distribution.  A lot of people right now think $1500 is huge amount of money for doing very little (beyond sending a small amount of BTC / NxT back in February), so they are glad to give it up for a few bucks.  Even though a stake could be worth $10K within a month of launch or millions years from now.

  I'm inclined to believe that crypto currencies will someday be $1 trillion, as investment gold is currently worth $2 trillion, global remittance (e.g. Flippinos / Mexican in America sending money home) is $500 billion, and Crypto Currencies tend to combine characteristics of gold and remittance.  World tourism revenues are over $1 trillion.    There's also $20 trillion in retirement funds around the world but let's not get ahead of ourselves.

 Most people tend to opt for the instant easy money versus the patience in waiting

finally open alpha is coming ! 

Good news

There's going to be manipulation in a market as small as the NEMstake asset. Just gotta accept it.

Sorry, i didn't know you felt so strongly on the issue.

I'm not too concerned either way, just stating what i thought was obvious -- it's hardly a fantasy, more of an observation.


Also, you're one letter off calling it Proof of Impotence there, we don't want that.

dont talk to much shit,   it is and called all the time  "Proof of Importance" , and it is infact a real good choice to call it like that. So dont come on with your fantasy choice. Proof of Impotance sounds it is important and infact it is the best choice to explain the mechanism of NEM.  

I've heard proof of Interest mentioned before. I must admit, i prefer Proof Of Interest over Proof Of Importance. Seems to fit the community spirit NEM is trying to cultivate. Even moreso when you consider it's egalitarian principles -- "Importance" kinda doesn't fit that message, yet anyone who invests more time and energy (Interest) in supporting the infrastructure (and said principles), deserves to be rewarded.

So, in a nutshell, i think it should be referred to as Proof of Interest, not Importance


Which reminds me, i need to read up more about how to run nodes as it is something i will be happy to participate in once the ball (coin) gets rolling.

POI = Proof-of-Importance (not intent; this is not mineable)

Because there is no FUD on the MOON!

We made it

Will there be available some test scripts, which each volunteer could use to make much more transactions  and other operations?
That could make stress tests while not using manually the UI and the operations to test each feature.

It was a call for participation and we don't need the technologically illiterate.  There is no strict requirement that someone is active on Bitcointalk or social media.  That being said, there could be an implied assumption that NEM stakeholders will engage in offline P2P advertisement.  In that scenario, an infant or a technologically illiterate grandmother isn't of any use to NEM as they couldn't possibly explain to someone how to download & use a wallet.

yea... many stories, but we can not know, which of them were true 

There were few who said that they have 40 - 60+ stakes. Provocation/trolling maybe, coz they did not want to prove or sell.

I am classified as an early NxT adopter, by the NxT crew, and yet the capitalization has yet to recover to what it was back in late January when it hit $100 million.  

The FUD with the distribution, quality of source code and the emerging discussion of NxT descendents is arguably what did NxT in.

I know NxT emphasizes the rhetorical 'technological innovation' argument but it's a weak argument.   There is nothing proprietary (nothing can be patented) in the crypto world.  Most of NxT's best features are currently being copied into other coins as we speak.  Without the innovative features what is NxT stuck with?  The poor distribution?  The accompanied hostile whales who engage in price manipulation? 

The reality of cryptos is best symbolized by Doge - it was a stupid meme of a dog and yet it was worth more (at one time) than NxT and Mastercoin.  Bitcoin is arguably no different, hundreds of coins have come about claiming to be superior and yet innovation hasn't come anywhere close to dethroning Bitcoin.

Much like real world $Fiat - it seems like community is more important than anything else.  The $USD is a good example in a way, it still uses green paper money while there are countries in Africa which have already adopted polymer bills, but the US is technically the dominant currency in the world due to use as the petrodollar around the world.

100% NEM