Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 294. (Read 661499 times)

You can't just create a coin out of thin air, and since we're dealing with a currency, you can't just program something real quick and then throw it in the wild. I'm really surprised by questions like these. I think it's the second one today. If anything I would have imagine it would have taken longer than June, which is the month they are aiming for.

This is not a Litecoin clone where you can simply get the source code and change it around a little.

As for the final stakeholder's list, I don't mean to be rude, but it's obvious that you haven't been following things here. They just finished a public audit to try and determine people with sock puppet accounts. Again, you can't just snap your fingers, go through all accounts and their transactions to find connected account, and have it all done in one day, just to publish the final list.

If you go to the first post of this thread, you can find out more of what has been going on.

I agree NEM client needs to be as simple to install as possible, most people are not tech oriented enough to install NXT but all people are potential user if the client is easy to install and simple to use.

It seems they are doing a self destructing thing. They are creating a coin called nodecoin. People can get nodecoins almost free by running a separate program when they are forging and running nodes. Then they artificially set a price for these worthless nodecoins. It is 1 nodecoin= 0.01 NXT. How they came up this price is a mystery. If this nodecoin is created by some stranger instead of their own hired programmer, it would be no value and no one will buy it. But this is created by a Nxt hired programmer and he will use the community funds to buy these nodecoins. I doubt that any nxters are willing to buy nodecoins out of their own pockets. but this program controls millions of NXT in the funds. Therefore, the nodecoins suddenly become valuable. In the future, nodecoins will also play a role in other transactions. These worthless coins become valuable at the cost of NXT. This nodecoin will dilute NXT. They said that the nodecoins are for rewarding people running nodes and servers. Why don't they reward people with NXT which can build NXT's utility and value, instead they create a worthless coin to compete with NXT and it could become a potential Trojan horse in NXT. All this is so weird and the most weird thing is that most of the community members even believe that the nodecoin is a good thing.

In a word, NXT community  lacks of leadership.

I agree NEM client needs to be as simple to install as possible, most people are not tech oriented enough to install NXT but all people are potential user if the client is easy to install and simple to use.

+1
The NEM client needs to be a simple one-click installer, nothing like NXT client.

Why does it take so long till the coin will launch? Why does it takes a month to create a final stake holder list. I'm not impatient, but we as investors, invested a lot of NXT/BTC, I would like to know when this coin will launch... can somebody tell me that please. thanks

QFT.

Seriously, this.

It seems they are doing a self destructing thing. They are creating a coin called nodecoin. People can get nodecoins almost free by running a separate program when they are forging and running nodes. Then they artificially set a price for these worthless nodecoins. It is 1 nodecoin= 0.01 NXT. How they came up this price is a mystery. If this nodecoin is created by some stranger instead of their own hired programmer, it would be no value and no one will buy it. But this is created by a Nxt hired programmer and he will use the community funds to buy these nodecoins. I doubt that any nxters are willing to buy nodecoins out of their own pockets. but this program controls millions of NXT in the funds. Therefore, the nodecoins suddenly become valuable. In the future, nodecoins will also play a role in other transactions. These worthless coins become valuable at the cost of NXT. This nodecoin will dilute NXT. They said that the nodecoins are for rewarding people running nodes and servers. Why don't they reward people with NXT to build NXT's utility and value, instead they create a worthless coin to compete with NXT and it could become a potential Trojan horse in NXT. All this is so weird and the most weird thing is that most of the community members even believe that the nodecoin is a good thing.

In a word, NXT community  lacks of leadership.

Why does it take so long till the coin will launch? Why does it takes a month to create a final stake holder list. I'm not impatient, but we as investors, invested a lot of NXT/BTC, I would like to know when this coin will launch... can somebody tell me that please. thanks

Why does it take so long till the coin will launch? Why does it takes a month to create a final stake holder list. I'm not impatient, but we as investors, invested a lot of NXT/BTC, I would like to know when this coin will launch... can somebody tell me that please. thanks

Any reason why NXT is crashing at the moment?

If there is something to be learned from what is happening to NXT is this:

Try and make the client as "average user" friendly as possible.

Besides distribution, the other thing affecting NXT is that the community seems to refuse to reach out to the average person.

The client itself is horrible for first time users and they have yet to officially release an all-in-one easy to use client.
I mean, you still have to use a really long password and remember it, average Joe gets scared away by this (one of the bad things of the cleint).

The marketing team is basically non-existent and the community is pretentious when it comes to non-tech savvy users.

It seems like NEM will be a really good competitor if it is launched and done right.

From the looks of it, everyone in NEM community is learning for the mistakes of other PoS systems.

Any reason why NXT is crashing at the moment?

Disclaimer: I hold NXT as well as being a stakeholder of NEM

At the moment NXT is still pretty young and as a traditional crypto-currency you can't do much with it, e.g. spend it like Bitcoin and some other alt-coins. That isn't really the point of NXT and a few things conspire against it, the coins have had to be distributed fairly quickly from a smallish number of stakeholders, if one or two dump then the price will fall. NXT is all about the long term; if it is next generation to Bitcoin then it will follow a similar path to Bitcoin taking years to realise its value. But ultimately I believe NXT will survive and grow in value. The problem at the moment is it is valued lower than many fly by night alt-coins that are copies of Bitcoin or Litecoin with a marketing spin.

What does this mean for NEM? Probably the same thing as for NXT and we should be aware of this when it launches. Some stakeholders will dump because they saw it as just another alt-coin, others will hold but become vocal and demand things are done to increase its value short-term. Me? I see it like NXT as a long term investment and being part of something new. I don't sell NXT I buy and increase my stake, I will do the same with NEM. I also speculate in small amounts with alt-currencies but after making some profit I use this to buy into my long term coins Bitcoin or NXT atm. I also invest in some short-term coins that I believe have sufficient potential and are different enough, but also spend this category in the crypto eco system to keep it growing overall.

Hope the above is not to much of a ramble, just sharing my thoughts on NXT, NEM and crypto in general.

KC

Fasten your seat belts for POI