Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 338. (Read 661499 times)
February 26, 2014, 04:39:31 PM
When does the public auditing begin? Has it already started?
February 26, 2014, 04:06:04 PM
Can someone explain to me what a decentralized exchange is and just exactly how it would work? Say I wanted to send USD to this exchange...where would that money go?
February 26, 2014, 02:34:24 PM
Maybe NEM will have some benefits from the Egalitarian.
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
The question is does it make a difference if you have few people harding a lot compared to many people hoarding less. POI will be a huge factor here but I still think many stakeholders are going to sit on their NEM waiting to dump it once it get's the first big spike.
This can be both a good and bad thing.
Yes, people can dump, but this just means those who recognize the value in NEM will buy up. Yes, sure, this may mean existing stakeholders may just accumulate more NEM, making the distribution more unbalanced, but this may not necessarily be a bad thing if said individual has their priorities right and actually has an active involvement in (this) community/thread.
In regards to my own stake, i hope to contribute as much as i can to the community as i lack the knowledge and experience to do so in any other way.
I may not participate much, but i pay much attention to threads such as this.
What i'm seeing in regards to NXT is pretty much exactly what i feared; A select minority -- who have no involvement in the community -- accumulating large sums, with the sole intent to likely dump as soon as it's valuable. It goes without saying that if you hold a large sum in any crypto, it's in YOUR long term interest to cooperate with the community as much as possible. Sadly greed often blinds people and it wouldn't surprise me if they do this with an agenda...sabotage the coin, perhaps.
yes ... long term, years, and if US and EU and others can't get corrected the wrong direction that the world economy took in 2008, then who knows, if the cryptocurrencies will be more important than the common currencies.
The USD & al needs trust. Well, years 2008 - 2009 showed to us that trusting the system may be your last error. So, it is better to trust systems, which are independent on humans' errors and greediness. Maybe cryptos are as near such as it is currently possible?
Sabotage ... yes. It is not a new method. In the last Wars enemy countries planned to print other country's money, fake money (that's the forgery) to drive that country's economy down. In cryptos ... etc.
February 26, 2014, 02:04:20 PM
Maybe NEM will have some benefits from the Egalitarian.
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
The question is does it make a difference if you have few people harding a lot compared to many people hoarding less. POI will be a huge factor here but I still think many stakeholders are going to sit on their NEM waiting to dump it once it get's the first big spike.
This can be both a good and bad thing.
Yes, people can dump, but this just means those who recognize the value in NEM will buy up. Yes, sure, this may mean existing stakeholders may just accumulate more NEM, making the distribution more unbalanced, but this may not necessarily be a bad thing if said individual has their priorities right and actually has an active involvement in (this) community/thread.
In regards to my own stake, i hope to contribute as much as i can to the community as i lack the knowledge and experience to do so in any other way.
I may not participate much, but i pay much attention to threads such as this.
What i'm seeing in regards to NXT is pretty much exactly what i feared; A select minority -- who have no involvement in the community -- accumulating large sums, with the sole intent to likely dump as soon as it's valuable. It goes without saying that if you hold a large sum in any crypto, it's in YOUR long term interest to cooperate with the community as much as possible. Sadly greed often blinds people and it wouldn't surprise me if they do this with an agenda...sabotage the coin, perhaps.
February 26, 2014, 12:00:21 PM
Maybe NEM will have some benefits from the Egalitarian.
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
The question is does it make a difference if you have few people harding a lot compared to many people hoarding less. POI will be a huge factor here but I still think many stakeholders are going to sit on their NEM waiting to dump it once it get's the first big spike.
...that will be
If this cryptocurrency panic (MtGox, Bitcoin drop -30%, rise, drop, ...) will vanish and cryptocurrencies will get stabilized, also NEM has an opportunity to grow steadily.
What will be after 4 - 10 years? NEM community world wide, independent from USD, Euro. The value of 1 nem could be XXXX times, what it is after the launch and after the first spike.
Who has the courage to sell and then just look NEM growing
February 26, 2014, 11:56:48 AM
Maybe NEM will have some benefits from the Egalitarian.
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
The question is does it make a difference if you have few people harding a lot compared to many people hoarding less. POI will be a huge factor here but I still think many stakeholders are going to sit on their NEM waiting to dump it once it get's the first big spike.
February 26, 2014, 11:52:52 AM
Maybe NEM will have some benefits from the Egalitarian.
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
There will not be such whales (unless there are some groups of sockpuppets), who are just waiting ...
https://bitcointalksearch.org/topic/m.5384028
February 26, 2014, 11:52:08 AM
I'm trying to understand how this works. Forging is running a node to support the network and return transaction fees are rewarded to individual nodes. I understand forging rewards will be proportional to your stash size?
What you're talking about is 100% POS. NEM is going to use POI which includes more factors besides POS. Details will be released in time - you can browse this thread for some rough explanations.
February 26, 2014, 11:50:25 AM
I see a lot of coins ( counter party, Master coin,Protoshare, Nxt, Etherium, even NEM) trying to build on top of the existing coin/platform. Things like DACs and exchanges 
. New guys like me get totally confused.
Why the need for such things, crypto currency itself is arcane enough without adding layers of further complexity, is just too confusing for newbies like me.
I could see the benefit, if all new coins, exchanges etc where created on one master platform (bitcoin) but there are so many platforms any benefit would be diluted to insignificance . They say a major benefit is creating a decentralized, trust-less exchange but in the end would you still not need an centralized exchange like btce, mt gox etc to change it into fiat?
.
. New guys like me get totally confused. Why the need for such things, crypto currency itself is arcane enough without adding layers of further complexity, is just too confusing for newbies like me.
I could see the benefit, if all new coins, exchanges etc where created on one master platform (bitcoin) but there are so many platforms any benefit would be diluted to insignificance . They say a major benefit is creating a decentralized, trust-less exchange but in the end would you still not need an centralized exchange like btce, mt gox etc to change it into fiat?
. nope there wont be a need for 3rd party exchanges soon! nxt seems by far the most promising! you may even be able to order a pizza on the nxt asset exchange :L seriously that was actually a use case for something ha you will be able to trade between various cryptos the same way you would on btce! the progress and innovation with Nxt is astounding!
He is right about fiat though. You would need a 3rd party to get into fiat.
no i think they have a way around that too...
cant remember the technicalities but i think something to do with gateways.. like one guy is going to do a silver bullion gateway so you can buy and sell silver with nxt.. or any other crypto if there is a gateway to support it which once there is one it wont be hard to mirror it for other coins!! should be cool... I think you are confusing this with Ripple. Also Gateways are still 3rd parties
February 26, 2014, 11:06:20 AM
Proof of importance? I've just skimmed, but how is this calculated?
Can someone explain this, IN DETAIL? We need to start looking at the algorithm critically to make sure it cannot be easily exploited.
I think you should pm makoto1337 about this
February 26, 2014, 10:29:48 AM
I'm trying to understand how this works. Forging is running a node to support the network and return transaction fees are rewarded to individual nodes. I understand forging rewards will be proportional to your stash size?
February 26, 2014, 10:25:18 AM
...
X * quote ...
Apparently I made a wrong evaluation in the beginning of this NEM IPO;
and ofc let the previous NXT logo competition "scare"
Otherwise everything would have been so much easier and saved network bandwidth
Suggestions (drafts) for NEM logo and currency symbol:
https://i.imgur.com/3CmjQ99.png
https://i.imgur.com/q8cfQnC.png
https://i.imgur.com/Zj7Fa7A.png
https://i.imgur.com/q8HOwwA.png
https://i.imgur.com/xFUT8Wc.png
Last three are kind of interesting. The balance could be a little better, though.
Thanks for the positive feedback. (I guess it was such
)What do you mean by better balance? ... I'm willing to draw better drafts if it is possible
Those drafts are kind of results of an evolution: started from "NEM" ...
And the same for the currency symbol. They are usually one letter + (long/short) lines like $, £, €.
I was thinking that a letter is too common for NEM. But on the other hand it shouldn't be totally new symbol, which is coming outside of our alphabets
But, I'd still develope the images, if they have any perfectible draft
Hello Jkoil.
I like your work especially that kind you play with colors, however could you try to create a colored symbol similar to the symbol located in signature of patmast3r?
I mean, it's just a proposal.
Unfortunately I'm not a graphic-artist or programmer
Regards
ok, that proposal was quite easy to do, if you wanted just one-color-NEMs. Shades and such effects are out of my tools
February 26, 2014, 10:05:26 AM
...
X * quote ...
Apparently I made a wrong evaluation in the beginning of this NEM IPO;
and ofc let the previous NXT logo competition "scare"
Otherwise everything would have been so much easier and saved network bandwidth
Suggestions (drafts) for NEM logo and currency symbol:
https://i.imgur.com/3CmjQ99.png
https://i.imgur.com/q8cfQnC.png
https://i.imgur.com/Zj7Fa7A.png
https://i.imgur.com/q8HOwwA.png
https://i.imgur.com/xFUT8Wc.png
Last three are kind of interesting. The balance could be a little better, though.
Thanks for the positive feedback. (I guess it was such
)What do you mean by better balance? ... I'm willing to draw better drafts if it is possible
Those drafts are kind of results of an evolution: started from "NEM" ...
And the same for the currency symbol. They are usually one letter + (long/short) lines like $, £, €.
I was thinking that a letter is too common for NEM. But on the other hand it shouldn't be totally new symbol, which is coming outside of our alphabets
But, I'd still develope the images, if they have any perfectible draft
Hello Jkoil.
I like your work especially that kind you play with colors, however could you try to create a colored symbol similar to the symbol located in signature of patmast3r?
I mean, it's just a proposal.
Unfortunately I'm not a graphic-artist or programmer
Regards
February 26, 2014, 09:58:38 AM
Proof of importance? I've just skimmed, but how is this calculated?
Can someone explain this, IN DETAIL? We need to start looking at the algorithm critically to make sure it cannot be easily exploited.
February 26, 2014, 09:56:30 AM
...
X * quote ...
Apparently I made a wrong evaluation in the beginning of this NEM IPO;
and ofc let the previous NXT logo competition "scare"
Otherwise everything would have been so much easier and saved network bandwidth
Suggestions (drafts) for NEM logo and currency symbol:
https://i.imgur.com/3CmjQ99.png
https://i.imgur.com/q8cfQnC.png
https://i.imgur.com/Zj7Fa7A.png
https://i.imgur.com/q8HOwwA.png
https://i.imgur.com/xFUT8Wc.png
Last three are kind of interesting. The balance could be a little better, though.
Thanks for the positive feedback. (I guess it was such
)What do you mean by better balance? ... I'm willing to draw better drafts if it is possible
Those drafts are kind of results of an evolution: started from "NEM" ...
And the same for the currency symbol. They are usually one letter + (long/short) lines like $, £, €.
I was thinking that a letter is too common for NEM. But on the other hand it shouldn't be totally new symbol, which is coming outside of our alphabets
But, I'd still develope the images, if they have any perfectible draft
February 26, 2014, 09:21:10 AM
Where can i get the latest stakeholder list?
thanks!
thanks!
Look in the post above yours.
February 26, 2014, 09:12:48 AM
Where can i get the latest stakeholder list?
thanks!
thanks!
February 26, 2014, 08:56:47 AM
NEM official stakeholder list (before the public auditing).
https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdHVfeU1BRFVoZkJ6QTRvcjc2cTQzQ2c#gid=0
From now on we will use this list instead of the previous stakeholder list which will be used for checking references only.
https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdHVfeU1BRFVoZkJ6QTRvcjc2cTQzQ2c#gid=0
From now on we will use this list instead of the previous stakeholder list which will be used for checking references only.
hi, utopianfuture, thanks, I'm in the stakeholder list.
good job
February 26, 2014, 08:43:49 AM
Hi, i would like to know why im not in the stakeholder list, ive made the transaction de 22 of january. Transaction ID 0.001 BTC c0dc5a9f94e602d610fcfd30fb9d71c15f02a544f16b1fc8ea36b86a6d3154cb
https://bitcointalksearch.org/topic/m.4657591
thanks
https://bitcointalksearch.org/topic/m.4657591
thanks
Hi Luis77.
Why don't you post the question in this thread?
https://bitcointalksearch.org/topic/nem-nem-stake-complaint-questions-etc-450200
There are the persons in charge for complaints.
February 26, 2014, 08:43:09 AM
if i want some nem...what i have to do?
Jump to: