[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 250.

Eadeqa

hero member

Activity: 644

Merit: 500

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.

bitmadaboutcoin

newbie

Activity: 42

Merit: 0

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

any update on launch?

wiser

legendary

Activity: 1806

Merit: 1029

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.

Smokeymar

member

Activity: 118

Merit: 10

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?

conbos

member

Activity: 94

Merit: 10

Quote from: patmast3r on March 31, 2014, 01:04:44 PM

Quote from: Eadeqa on March 31, 2014, 01:01:17 PM

Quote from: patmast3r on March 31, 2014, 12:57:44 PM

I didn't say NXT had a negative start. I said the only partially released source had a negative effect. So what I'm actually saying is that the NXT start could have been even better imho. With the at least partialy closed source it had kind of a bitter aftertaste.

There is no evidence this is true. This is pure speculation. If there were clones of Nxt back in November just after IPO ended, I would say Nxt would not be where it is to say. It would be way down.

Of course this is speculation. Unless you own a crystall ball we'll never know Wink

my 2 NEMs in this discussion. I am favor of open source code also; but it is true that there is a wild world out there waiting for us. We should be really careful in that respect. The public launch should be, at least, a beta product, easy to install and be able to be immediately incorporated in a vast network of asset exchanges, trade exchanges colored coins (maybe) and a really really aggressive marketing campaign by the swarm team and the community in general. IMO, I agree that the NXT pre-launch was very promising and a lot of expectations were generated at late december (that were reflected in the price). But some bad decisions (DGEX fees just at the moment of the code release plus some technical failures) were bad enough to stop the price increase (then, it comes the market manipulation by big whales, but this is another story). If we manage to be at the news and be presented as a real innovation regarding BTC, I think we have a big chance to reproduce (or even surpass) NXT initial success

Thingamajig

hero member

Activity: 497

Merit: 501

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.

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: Eadeqa on March 31, 2014, 01:01:17 PM

Quote from: patmast3r on March 31, 2014, 12:57:44 PM

I didn't say NXT had a negative start. I said the only partially released source had a negative effect. So what I'm actually saying is that the NXT start could have been even better imho. With the at least partialy closed source it had kind of a bitter aftertaste.

There is no evidence this is true. This is pure speculation. If there were clones of Nxt back in November just after IPO ended, I would say Nxt would not be where it is to say. It would be way down.

Of course this is speculation. Unless you own a crystall ball we'll never know Wink

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: patmast3r on March 31, 2014, 12:57:44 PM

I didn't say NXT had a negative start. I said the only partially released source had a negative effect. So what I'm actually saying is that the NXT start could have been even better imho. With the at least partialy closed source it had kind of a bitter aftertaste.

There is no evidence this is true. This is pure speculation. If there were clones of Nxt back in November just after IPO ended, I would say Nxt would not be where it is to today. It would be way down.

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: TwinWinNerD on March 31, 2014, 12:51:58 PM

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.

Why would you say that? NXT code was released in the beginning of March...

Nxt released (old version) of the code in early January -- about the time Nem (which originally was stated to be Nxt clone itself) and dozens of other Nxt clones were announced. None of them succeeded in cloning as there were injected flaws in the code deliberately added to encourage people to audit the code.

The clean version was made open source a few weeks ago, but even then developer claims they have anti-clones trap in the code.

Fatih87SK

hero member

Activity: 616

Merit: 500

NXT & NEM to da m00n!

patmast3r

hero member

Activity: 980

Merit: 1001

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.

I didn't say NXT had a negative start. I said the only partially released source had a negative effect. So what I'm actually saying is that the NXT start could have been even better imho. With the at least partialy closed source it had kind of a bitter aftertaste.

gsxrl3oi

sr. member

Activity: 315

Merit: 250

IMO. I think we should hold of on releasing the code for at least 6 months after NEM has been distributed to its stakeholders. Let's give NEM time to grow deeper and stronger roots before we start competing with other clones. AGAIN this is must my opinion, I am sure many of you disagree and that is ok. But either way, I am proud to be part of this community.

PS: Pls do not sell your share at this stage. I read in this forum that (utopiannow) is trying to buy 10% of NEM. LOLZ. what do you think he's going to do when the price slightly goes up. It'll be NXT all over again. We don't need big whales moving the market in the direction that they desire. I know there is no stopping this once NEM is released, But we can stop it before it's been released.

Cheers to DEV team.

YEYO

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

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.

Why would you say that? NXT code was released in the beginning of March...

Eadeqa

hero member

Activity: 644

Merit: 500

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

hero member

Activity: 644

Merit: 500

Quote from: j23a on March 31, 2014, 04:14:03 AM

But think about it pat, the average user doesn't care about source code. Just look at the post two spots before this one. Don't you think there are some pros in Nem taking its time in releasing its source code?

Exactly. Most people do not care about open source. 99% are using Windows OS, which isn't open source. I am all for open source, but give your self enough time to establish yourself first. You sure don't want to compete against clones, along with all other altcoins within the first 2 months.

fondobinario

newbie

Activity: 24

Merit: 0

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

marek3ball

full member

Activity: 180

Merit: 100

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?

xzhybbs

hero member

Activity: 756

Merit: 500

NCC's vision is really very good, as a shareholder, I'll wait for NEM day of glory!

Nintendocore

full member

Activity: 201

Merit: 100

It very cool and will become new development in industry!
NEM - this future

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: j23a on March 31, 2014, 10:03:01 AM

Quote from: jyou17 on March 31, 2014, 09:25:04 AM

What is this talk about dropping members who have posted only once or a few times? I don't feel it would be that fair to people like me. I have no relevant skills to help out with the project, but I am following it closely as it really looks magnificent and well thought out and I feel there is great potential. I helped out by buying a stake for almost $80AUD, so why should I be kicked from the stakeholders list? I could post more frequently, but the posts wouldn't be of much use and would be buried by the more important stuff.

I understand that everyone is trying to make it the fairest it can be, however we need to be careful. A lot of legitimate new comers put real money into this and it would quite harsh to boot them. As I mentioned I put in almost $80AUD and shortly after the price dropped significantly (over 50%) as a bonus to the last few new comers. I don't mind as I really saw potential with the project and it looks like my investment is paying off, but I would be extremely sad and disappointed if I was kicked from the stakeholders list simply because I didn't post enough. I may not have much to show for on this forum, but I mean it doesn't mean I haven't talked to my friends and people at my uni about the coin.

This is my first cryptocurrency I've put some real (real to me as I don't have much) money into, and I really hope I get to stay a part of it. The developers are doing an outstanding job and the wallet mock-ups look great. I can't wait until the alpha comes.

It was the suggestion of one guy and one guy only. Utopianfuture has made the rules pretty clear, and from what I've seen he would be very against such a suggestion. It would not be fair at all to the legitimate stakeholders in the bunch.

Being inactive will only byte you if you are a sockpuppet. If an account pops up during taint analysis and then also shows almost zero acitivity it is very likely to be a sockpuppet and that's when it may be refunded (depending on wether or not the person reacts to the accusation and in what way).

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 250. (Read 661498 times)