Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 41. (Read 661498 times)

NEM has now had so much volume on the NXT asset exchange that it is not only #1, it is bigger than all the rest put together. 

This is a small win, lets not go crazy about, but lets also try to work to make more and more wins!

Thx but I actually meant a link to the comparison.

The price seems on the rise

Trade History
Date    Quantity    Price    Total    Ask Order ID    Bid Order ID
2014/6/4 19:04:03   0.1   19'000   1'900   13838705541561030118   15218161134586927381
2014/6/4 19:00:40   0.5   19'000   9'500   13838705541561030118   12592764873823771756
2014/6/4 18:56:08   0.1   19'000   1'900   13838705541561030118   1950315261879852746
2014/6/4 18:33:55   0.2   19'000   3'800   13838705541561030118   6804942866658459697
2014/6/4 17:52:40   0.3   18'950   5'685   45437626522202554           7469090376419998876

got a link to that thread ?

final how many nem stakes will be out after the official blockchain  

nem is a good coin,But someone took nfd2 and nem compare, this should is not a class, nfd2 is just a replica, and nem is something completely new

NEM may be one of the most interesting equality experiments(opportunity) and paradoxically probably one of the most important case studies against it(outcome).

I think this experiment may attract a great deal of attention if we find a smart way to make ourselves heard. Imagine how much coverage we could be able to get because of superior technological innovation in technical circles but also how much more this could bring because of this intriguing experiment and case study for economic circles. I suspect a lot of serious technical and economic journals along with countless news outlets would be interested in such a phenomena.

I am thinking of something we could write and a plan of how to do it.

Where please?

Just made some minor additions and corrections to what I have posted above.

Two good lines in this post....



Great.  What are the features and innovations that make NEM so powerful?

I was wondering why there was a large amount of stake dumpers but then I remembered this experiment (delayed gratification)

https://www.youtube.com/watch?v=QX_oy9614HQ

you can either eat it now or you can wait.


edit: I didnt even read the post above mentioning the same thing   what a coincident

Interesting! Read with curiosity!

thats funny because i was on the fence about buying one now that it 15 times the first price, but once i looked at the new wallet i knew i wanted to get one for her so i just bought a bunch of net

Thank you for this great post and wisdom.

NEM's Great Equality Experiment And The Marshmallow Test

What Equality Means?

The other day I found myself reflecting on NEM, what it is and what we all want to make of it. It seems there is a great discussion going on in the world regarding inequality and so NEM equality experiment comes at the precisely right point in time. As usual I think people focus on the wrong things. We should strive to give people equal opportunities, but they are not and should not be equal in outcome. In fact, though most of us start as equal now, I have no doubt we will not end as equal. If high productivity people work and risk 10x more than the other people, it's common sense that they should also be rewarded 10x more. Indeed, I think this kind of inequality is a natural and even necessary effect of the free market. If you would want to cut this kind of inequality off, you would also have to cut startups, inventions and innovations with it, since this may be the greatest driver for that.

Here are two quotes with which I tend to agree:

NEM And The Altcoin Landscape

Unfortunately the altcoin landscape is currently plagued with cheap scams and elaborate pump and dump schemes along with a horde of impulsive people enjoying playing this game. However NEM has nothing to do with this landscape. While we may well go through a cambrian crypto-explosion phase, NEM seems to be already between the fittest and is only getting stronger every passing day.

I know things are more complex but for the sake of simplicity consider the following graph:

                                                                              The Altcoin Landscape

                                
                             Cheap Scams          Elaborate Scams             Clones                Low Innovation         Deep Innovation
                                      I--------------------I--------------------I--------------------I--------------------I

       Approx. Time:        1 Day                      1 Week                  1 Month               3 - 6 Months                1 Year

      Approx. Difficulty:      1/10                       2/10                       4/10                       6/10                       10/10

Approx. Value Created:    1 btc                      10 btc                     50 btc                    100 btc                    10000 btc



You must understand that while it would take 1 day to create a cheap scam, 1 month to clone a complex coin like Nxt, it would probably take at least about 1 year to invent a deeply innovative coin if you have all other necessary resources at your disposal¹(Nxt would be good example of that). Indeed, it would be both stupid and frustrating to confuse deep innovation with clones or low innovation and demand otherwise. NEM aims to bring deep innovation on multiple levels, so when the alpha version along with more interesting details will be disclosed, I think a lot of people will get very excited and some will even get nervous. Indeed this could be one of the most important developments of the altcoin world in 2014. But as you might understand, until the right moment comes, most of these details need to be kept secret for obvious strategic reasons.

Anyway, starting with our extremely competent and responsible dev team, our large, talented and diverse community, our fair distribution and equality experiment, I think you can all see that with each passing day NEM is evolving to be a whole different kind of creature, unlike anything you have seen it the altcoin world until now. But in order to see that, you must get out of the noisy and impulsive crowd and focus on the signal. If you look close enough I'm sure you won't be disappointed.

The Marshmallow Test And Financial Freedom

It seems there are two major impediments on the road to financial freedom. One of them is the economic and banking system which we are trying to solve at least partially through NEM. The other one is a bit more counter-intuitive and less thought of, it's ourselves(with all the decisions and wrong moves we make). If we want to achieve something we must shift from a consumer mindset to a producer mindset, and therein lies the key.

Looking at the marshmallow experiment which emphasizes self-control and delayed gratification as a better predictor of success than IQ, I can only wonder what all those people selling NEM now will think in a couple of months.

If you would have to choose between receiving 1.5 btc for your share now or delaying gratification to receive at least 10x that amount in a couple of months, what would you choose?

If self-control and delayed gratification are a good predictor of success, it seems quite obvious to me, impulsivity may be an even better predictor of failure.

So in the end, I can only say be wise and make smart decisions because although we all start with an equal opportunity, ultimately our decisions, contributions and productivity will decide our outcome, and trust me, as it looks, there won't be any equality in that.

---

References
¹ Through necessary resources I mean an enormous amount of brain power, time and energy to invest and conceptualize such a novel technology and an even greater amount of brainpower, time, energy and determination to transform things from the realm of ideas to reality. But it gets even more intriguing, since although these resources are necessary, in a lot of cases they may still not be sufficient.

Feel free to buy a stake in the asset exchange.

i wish i bought a stake for my gf i didn't realize you were able to do that till it was too late.