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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 410. (Read 661525 times)

full member
Activity: 165
Merit: 104
Also if POI is to be implemented it will be important IMO that there will be a account/alias bound reputation system.

But the major flaw that I see atm with POI is regarding the fact that you can just circulate coins between your own account and get hashing power that way. If this isn't prevented somehow I suggest that the forging will be at maximum 20% based on POI.

But these are all my speculations, I've got no legitimate knowledge on the mechanisms of POI. Lets just see that how the white paper turns out.

I guess the 0.1% fee can prevent artificial coin circulation if it´s implemented with some POI forging power cap.


Good point! But won't the 0.1% fee be a bit high considering the long term of the coin? If it gains success nobody will be willing to pay those transfer fees. The fee should at least have to possibility of being lowered in the future.
hero member
Activity: 980
Merit: 1001
Hey, all out there.
I've read, it would be allowed to hold two stakes. One for each self and one for a loved person.
I also read, the stakes would be closed at page 90 of the second thread.
Now I would love to invest in another second stake, am I allowed to buy it or not?
Would love to get a fast answer before the threads are closed, or I transvered some Btc or NXT for not getting a second stake.

Thanks a lot! Smiley

You're a newbie so you'll have to introduce yourself in the thread and then pay the fee after that. Plz use the search function to find that introduction thread. Thank you.
sr. member
Activity: 275
Merit: 250
Hey, all out there.
I've read, it would be allowed to hold two stakes. One for each self and one for a loved person.
I also read, the stakes would be closed at page 90 of the second thread.
Now I would love to invest in a second stake, am I allowed to buy it or not?
Would love to get a fast answer before the threads are closed, or I transferred some Btc or NXT for not getting a stake.

Thanks a lot! Smiley
newbie
Activity: 14
Merit: 0
Also if POI is to be implemented it will be important IMO that there will be a account/alias bound reputation system.

But the major flaw that I see atm with POI is regarding the fact that you can just circulate coins between your own account and get hashing power that way. If this isn't prevented somehow I suggest that the forging will be at maximum 20% based on POI.

But these are all my speculations, I've got no legitimate knowledge on the mechanisms of POI. Lets just see that how the white paper turns out.

I guess the 0.1% fee can prevent artificial coin circulation if it´s implemented with some POI forging power cap.
sr. member
Activity: 420
Merit: 250
The fund raising is almost coming to an end Grin and by all account is a huge success. We probably have more then 2500plus unique stakeholders Shocked thats huge.  Now perhaps it time to speed up the development of the actual product, my hands are literally itching to download a beta nem wallet( ala emunie).

I am not saying this to profit quickly but everyday a new coin is being launched and Nem could be buried under a deluge to crapcoins.We risk being labeled just another NXT clone, we simply cannot afford that.

The way nxt marketed themselves as the first second generation coin was very effective. WE need something similar, we need to be the first something.

how about: NEM The Ultimate Cryptocurrency Revolution

or            : NEM the final cryptocurrency evolution

oo           : NEM evolution at work

I know its a bold claim but maybe we can pull it off.
full member
Activity: 165
Merit: 104
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?

Our new P-O-I is a new innovative way of forging which I believe will make NEM a more sustainable system. Makoto is writing the white paper and when all the theoretical aspects are considered we will implement it in the core codes.

Would it be possible to implement a combination of POS, PON and POI? I think it would make the system really stable, because POS would give the incentive to invest in the currency, PON would encourage to support the network and POI would encourage to use the currency!

maybe a new forging-variable, which is a mix of the amount your holding & your activity?
the NEM-O-METER Wink

interesting importance ...

Is it sure that importance is not close to PoW ?



Yes as far I've understood it works so that the system analyzes the in and out transactions made from you account. The account which has most transactions will then be the one that has contributed most to the distribution of the coin and therefore has most hashing power. This will guarantee the circulation of the currency.

But we must here remember that it can not solely be POI because it will only encourage trading between the accounts that you've created. There must be a combination of some sort.

Also if POI is to be implemented it will be important IMO that there will be a account/alias bound reputation system.

But the major flaw that I see atm with POI is regarding the fact that you can just circulate coins between your own account and get hashing power that way. If this isn't prevented somehow I suggest that the forging will be at maximum 20% based on POI.

But these are all my speculations, I've got no legitimate knowledge on the mechanisms of POI. Lets just see that how the white paper turns out.
newbie
Activity: 57
Merit: 0
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?

Our new P-O-I is a new innovative way of forging which I believe will make NEM a more sustainable system. Makoto is writing the white paper and when all the theoretical aspects are considered we will implement it in the core codes.

Would it be possible to implement a combination of POS, PON and POI? I think it would make the system really stable, because POS would give the incentive to invest in the currency, PON would encourage to support the network and POI would encourage to use the currency!

maybe a new forging-variable, which is a mix of the amount your holding & your activity?
the NEM-O-METER Wink

interesting importance ...

Is it sure that importance is not close to PoW ?

full member
Activity: 183
Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?

Our new P-O-I is a new innovative way of forging which I believe will make NEM a more sustainable system. Makoto is writing the white paper and when all the theoretical aspects are considered we will implement it in the core codes.

Would it be possible to implement a combination of POS, PON and POI? I think it would make the system really stable, because POS would give the incentive to invest in the currency, PON would encourage to support the network and POI would encourage to use the currency!

maybe a new forging-variable, which is a mix of the amount your holding & your activity?
the NEM-O-METER Wink
full member
Activity: 165
Merit: 104
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?

Our new P-O-I is a new innovative way of forging which I believe will make NEM a more sustainable system. Makoto is writing the white paper and when all the theoretical aspects are considered we will implement it in the core codes.

Would it be possible to implement a combination of POS, PON and POI? I think it would make the system really stable, because POS would give the incentive to invest in the currency, PON would encourage to support the network and POI would encourage to use the currency!
full member
Activity: 183
Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?

I think this is one of the most important questions, that will heavily influence the succes of NEM.

One of the biggest long-term problems of NXT is in my opinion, the current forging system.
It supports hoarding coins but gives no incentive to actually USE the currency.
And as we can see, many stakeholders are just sitting on huge sums, waiting to forge some more. (http://87.230.14.1/nxt/nxt.cgi?action=34)

I always hoped, cryptocurrency will solve the problem of the ongoing redistribution in favour of the rich.
But greed always finds a backdoor, somewhere.

NEM wants to be fair, so this is our chance.

I dont quite understand the concept of Proof of Importance, so maybe someone can explain this in more detail or with a good similie.
In my opinion NEM has to give two kinds of incentive:

- 1st: to buy into the coin as an long-term investment
- 2nd: to actually use NEM as a currency

(when I think of this, it seems, that bitcoin solves this quite well:
1st: it is rare & limited-> deflation
2nd: low transaction fees )


So how can we improve over NXT and design a currency, where people feel good when they hold and feel good when they spend?

sr. member
Activity: 602
Merit: 268
Internet of Value
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?

Our new P-O-I is a new innovative way of forging which I believe will make NEM a more sustainable system. Makoto is writing the white paper and when all the theoretical aspects are considered we will implement it in the core codes.
legendary
Activity: 1422
Merit: 1029
POS / PON or POI forging will be use? I prefer POS / PON. But perhaps there are more arguments for POI ?
sr. member
Activity: 338
Merit: 250
Dear NEM community,

I have finished thread 1 about duplicated hashes and I would like to ask you to check it out. If you find your username on the list try to prove your ownership how utopian mentioned above. You can also check who used your hash/tx ID.

https://docs.google.com/spreadsheet/ccc?key=0AgHJzpkvTvCxdFFvQ0pLRmNsbWM5ekNxY3lmcHdWa1E#gid=0



Hi Kooream,

Great work man, respect!

I saw my name on the list for a duplicate hash and my brothers account, Flepper, (paid by me) marked as possible fraudster.
In the other thread I explained this: https://bitcointalksearch.org/topic/m.5032852
Utopianfuture already told me to wait, but is that still the case?

Do you want me to sent another small payment to prove these are mine?.

Mike

Hi Mike

I believe those hashes belong to you but to avoid any misunderstanding please send a small amount and make a public post in NEM stake complaint thread.


I've made another small payment and posted in the other thread.

Regards,

Mike
hero member
Activity: 980
Merit: 1001
who is UtopianFuture1 vs UtopianFuture (ORIGINAL) ?

Please be CAREFUL !!! the BTC address is completely different!!!

Utopianfuture1 is a scammer, do not send him anything!

Utopianfuture is the founder of NEM and it is safe to send him your BTC.

That sob is still continuing. I've reported the thread and it's locked but appearantly he can still post and is now handling everything via pm. Freaking lowlife.
full member
Activity: 165
Merit: 104
who is UtopianFuture1 vs UtopianFuture (ORIGINAL) ?

Please be CAREFUL !!! the BTC address is completely different!!!

Utopianfuture1 is a scammer, do not send him anything!

Utopianfuture is the founder of NEM and it is safe to send him your BTC.
newbie
Activity: 55
Merit: 0
who is UtopianFuture1 vs UtopianFuture (ORIGINAL) ?

Please be CAREFUL !!! the BTC address is completely different!!!
hero member
Activity: 644
Merit: 500
P2P The Planet!
I have a master degree in economics. Compared to lotteries, i think this investment is much smart. I will sent 0.075 btc and see what happens.

you don't need a master degree to figure that lol  Tongue
full member
Activity: 168
Merit: 102
I have a master degree in economics. Compared to lotteries, i think this investment is much smart. I will sent 0.075 btc and see what happens.
newbie
Activity: 55
Merit: 0
thank you, yes I have PM'd UtopianFuture, now waiting for his reply.

Thank you very much

Hi, this is Jean.  My best friend Losy text me this "promising opportunity". love NEM. Thanks to let me on boat. i will spread my good word

newbie
Activity: 56
Merit: 0
Hi, this is Jean.  My best friend Losy text me this "promising opportunity". love NEM. Thanks to let me on boat. i will spread my good word
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