Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 382. (Read 661525 times)

We not really sure about name. And my vote to nakamoto

I have to agree that no one should be scrapped.  Yes there will be a few fake accounts but it would be much more sinister if an individual or two were wrongfully cut out.  My close friend who has been buying and mining BitCoin for the past eight months thinks there is no value in the alt coins and feels bitcoin will simply absorb any valid competitive attributes, he had NO account on bitcointalk and I convinced him to get on here and help fund this movement.  When NEM launches it will probably be worth less or close to what we put in, so someone with 10BTC could buy 100 stakes in seconds after it hits the exchange.  The real focus should be getting the word out and not wasting time on this.  

Bitcoin depends on a small network of mining nodes who support their operations by generating a fixed profit of 3600 bitcoins per day.  The available daily operating budget to keep Bitcoin from freezing up is thus $3.6M or less (at $1K/BTC or under) to  generate the current 25 million GHash/s needed daily.  A representative miner “pickaxe” is a Butterfly Labs Monarch costing $2000 and using 350W of power to produce 600 GHash/sec. Thus the current Bitcoin mining network has sunk unit infrastructure costs of at least $83 million and (at $0.10/KwH) ongoing electricity costs of at least $35,000 per day. 

Both costs are rising faster and faster. Exponential growth of Bitcoin’s hashrate (see blockchain.info/charts/hashrate) means mining rigs and energy use will skyrocket out of control, sooner rather than later.  Bitcoin, and clones like Doge, are thus by their very nature destined to fail.

NXT is the sustainable solution to this problem.  By using cooperative transparent forging, not competitive gigahash mining, NXT does not have an exponential forcing function at its core that drives its costs and energy consumption ever higher.  A NXT blockchain support network of 1000 Odroid U3 nodes has a one-time unit infrastructure cost of only $60 thousand and uses only $48 per day in electricity – forever. 

I think you should use the http://www.mybb.com/ software instead And why are there chinese text and english in the same lines? Gets kinda confusing...

Though naming the basic unit of the NEM currency (micro-NEM) is a low priority, I
propose that we call it the Nakamoto, in reference to BTC’s Satoshi Nakamoto. In Japanese,
Nakamoto can have several ways of being written, but one is 中元, which can also mean
Chinese Yuan (中国元). This could make the currency popular in China, since it would already
be called “Chinese money” by one interpretation. Also, it would place NEM as continuing the
BTC tradition.

Krass wie viele deutsche sich hier rumtreiben .. grüße^^

I like it alot!

hey guys!

this is not at all finished, but more a try to push logo-styles in a different direction. (not alwas letters)
what do think about the symbol of a fist in general?



kind regards,
upekha