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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 418. (Read 661525 times)

sr. member
Activity: 602
Merit: 268
Internet of Value
Correct me if I'm wrong but according to my fusion powered quantum ROI calculator we've struck gold here. 1 stake = 1 million NEM. If NEM were to be listed on any BTC exchange we'd see a minimum price of 1 satoshi per NEM. This equals 0.01 BTC per stake. We're rich!

It is too conservative. I will not stop until NEM's market capitalization at least reaching Litecoin's level. 

That's what I was thinking. This is not a "dump at the first possible opportunity" project. I'm afraid though that many stakholders think like that.

This is why we should make sure that we can also build a similarly strong community! Then,anything is possible. But in the end the goal should be to achieve someting that has value (not because of the investment but) because it is usefull!

Yeah - agreed. NEM in and off itself won't be more usefull than NXT or most other cryptos. The most advanced and stable priced crypto isn't usefull if you can't do anything with it (other than storing value if it's really really stable). What could and will make it more usefull is the services and other things we (mostly devs Smiley ) build around NEM.


Agree with the comments. I have been thinking what can be do to give value to NEM beyond the still restricted world of crypto currencies. Maybe, if the development can introduced the idea of NXT's coloured coins and assist's exchanges in straightforward way, I guess it can be more easy to establish markets in which NEM can be used to buy/sells gods and thus transfer value to the coin. Thus, one of the markets that NEM can exploit is those agricultural products under the denomination of Fair Trade. Quite often, those products are sealed by small cooperatives of farmers in third developed countries. I envision in the near future that NEM, thanks to its egalitarian character, can be used by small communities or cooperatives to interchange its products in a fair way, without the intromission of intermediates that inflates the prices on their benefits

I love this idea. please join our Trello borad to make this possible. (pm me)
sr. member
Activity: 602
Merit: 268
Internet of Value
Some updates :

1. This is the NEM stakeholder population statistics compiled by Kooream https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdG1XYWlDemNENl9IaGR5ZHNUNTNhcmc#gid=1  This statistics is up to page 70 of registration thread 2. Feel free to check the accuracy yourself.

Basically, we look though the profiles of every stakeholders and group them into three groups: Group 1 : veteran accounts opened before the fundrasing; Group 2 : accounts opened during the fundrasing but showed further activity; Group 3: accounts opened for NEM registration only (1 post)

The results are:

For thread 1:

Group 1 : 711 stakeholders
Group 2 : 310 stakeholders
Group 3 : 440 stakeholders

For thread 2 up to page 70

Group 1 : 706 stakeholders
Group 2 : 286 stakeholders
Group 3 : 706 stakeholders

Interpretations of this statistics are up to readers but I believe we should have at least 2000 unique accounts after the fundraising is over. Given the increasing percentage of group 3 accounts, I may require new account registrations going through a verification process first after page 80.

2. After publishing the development plan, our core team has moved to a Trello board. Ideas are being discussed and works are being done in earnest. That board is private for now. I have opened another board : NEM promotion and I would like you to join in if you want your ideas stick. The key difference between the board and this thread is that: the ideas in that board will stick and have people trying to carry it through. I read many great ideas in this thread but without people push them forward they might just be great ideas forever. Furthermore, they may be buried under dozen of pages on different topics after a few days. So a task board for these ideas is a good thing.

So Pm me your email if you want to join the board. Many things are in need of people managing : Reddit, Twitter, websites, charity etc.
https://trello.com/b/GEWEPSZJ/nem-promotion.  This board will be open to the public but of course only members can write. And just to be clear joining and working to what extent on the board is voluntary; it is just a way to organize the community's efforts better.

Thanks for supporting NEM.
legendary
Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.

Also look at this fellas:
http://www.cryptocoinsnews.com/2014/02/13/the-mathematically-secure-way-to-accept-zero-confirmation-transactions/

Maybe we could somehow built this into NEM in a way that makes it easier to calculate the "confidence" ? Jaguar what do you think ?
We could promote a 0 confirmation transaction time Smiley

I took a look at this. I think we could do something similar, but the situation is not as bad for Proof of Stake/Importance as it is for Proof of Work. With POS/POI, the number of transaction confirmations is not what will guarantee security, but rather "coin days destroyed" in transactions. Once you spend some currency, the coin-days are reset (and in NXT and NEM, for the next 1440 blocks/1 day they have a weight of 0 after being spent). If large amounts of coin-days are destroyed in a block, it will make it harder to double spend, especially if transparent forging is implemented.

We are still studying Proof of Importance, but at least in theory I think it can be more secure than POS because not only would someone have to control a majority of the currency, but they would also have to control the structure of the transaction graph, meaning they would have to control the actions of the majority of the users as well. Based on some simulation analyses and tests using real NXT transactions, I plan to write a whitepaper on this approach.
newbie
Activity: 36
Merit: 0
Right now it's a good time to launch a new coin .we should launch as soon as possible
full member
Activity: 224
Merit: 100
NEM Enthusiast
Also, I'll post the poll for the logo again. I know it's not official and it doesn't include some newer ones, but still handy to see. Smiley

Poll for the logo.

Imgur album of the options (and their corresponding numbers) can be found here.
full member
Activity: 224
Merit: 100
NEM Enthusiast
What charitable foundations would you like to see NEM donate to?  I think it'll be fun to decide now.

I personally am a fan of charities such as Water for Kids, Build Africa or any other charity which helps out vulnerable people in third world countries, especially ones involving building projects like schools, wells etc. How cool would that be for NEM to get involved with? I think it resonates well with NEM's egalitarian ethos.

@The Development Team, what do you think about reserving a stake or 2 (maybe more?) for a charitable cause? I think that'd be really great.

Edit: I posted this same question to the NEM subreddit. Head over there to talk if you feel like it! Smiley
member
Activity: 112
Merit: 10
This has probably already been said but..
In the future when everything is in place, including the usefulness of Nem etc, I think each and everyone of us should actively spread the word of Nem. I don't just mean through the internet, but actually "going out" with pre agreed official flyers/business cards and hand them out as much as we can. We could give them out at internet cafés, outside universities/colleges, the average man in the street (you never know), shops, on walls, everywhere. The flyers would really need to make the eyes catch what its all about within a second as some people glance at a flyer for a second before binning it if it does not stand out to you.  
Just being an observer will not help progress much.
I know you all know this but the vision of what Nem could become is just too beautiful for me not to rabbit on Smiley
Of course my basic obvious idea here could be complete rubbish, It wouldn't be the first time!  

Too much aggression can have a negative impact.  At least lets not do it "Jehovas witness" style. No offense meant to any "witnesses" here.
full member
Activity: 224
Merit: 100
NEM Enthusiast
Until we have a forum, the NEM subreddit will do nicely! Make sure all you Bitcointalk people go over there and subscribe/post/comment. Smiley
newbie
Activity: 10
Merit: 0
...

Agree with the comments. I have been thinking what can be do to give value to NEM beyond the still restricted world of crypto currencies. Maybe, if the development can introduced the idea of NXT's coloured coins and assist's exchanges in straightforward way, I guess it can be more easy to establish markets in which NEM can be used to buy/sells gods and thus transfer value to the coin. Thus, one of the markets that NEM can exploit is those agricultural products under the denomination of Fair Trade. Quite often, those products are sealed by small cooperatives of farmers in third developed countries. I envision in the near future that NEM, thanks to its egalitarian character, can be used by small communities or cooperatives to interchange its products in a fair way, without the intromission of intermediates that inflates the prices on their benefits

Yes these things are important but I feel the initial distribution is still somewhat of an issue. It's what should distinguish us from NXT, an IPO with legitimacy. And I don't think 3000 share holders are really enough for that. I understand that more might not be manageable but there are also other ways of distributing coins other than giving them to the shareholders. I think Freicoin had some good ideas here. They have this program where you can donate coins to some non-profit organizations and they add extra coins to your donation from a fund (see here https://foundation.freicoin.org/#/donations). We could get some very good publicity if NEM had something similar.
sr. member
Activity: 299
Merit: 250
I am also really glad to be part of this project. A small question to the dev team. Once the audition to the stake holder account finished. What comes next? Is it going to be some sort of toDo list, so that the stakeholders can help before the release? So far, I had been tried to recruit people (two of them are stakeholders also) and to promote in my work, family, other forums, etc; now that the poll will close and we are going to enter in this transition period I really looking forward to do my best and  keep the promotion

We currently have a private trello board for development-related tasks. It might be reasonable to have a public trello board for non-development related tasks if there's interest?

I think it would be worth having! It means people can log into the forums and check out if they can do anything helpful without having to ask and wait for a response.

Also, is there a NEM forum coming soon? It'd be nice to have a dedicated place to discuss all things NEM. Thanks for your efforts! Smiley

I created this board and threw a few items on it: https://trello.com/b/2aksQDoB/nem-marketing-board. Feel free to add tasks to it.

We currently don't have an ETA for a NEM forum, but it is one of the TODO items.
full member
Activity: 224
Merit: 100
NEM Enthusiast
This has probably already been said but..
In the future when everything is in place, including the usefulness of Nem etc, I think each and everyone of us should actively spread the word of Nem. I don't just mean through the internet, but actually "going out" with pre agreed official flyers/business cards and hand them out as much as we can. We could give them out at internet cafés, outside universities/colleges, the average man in the street (you never know), shops, on walls, everywhere. The flyers would really need to make the eyes catch what its all about within a second as some people glance at a flyer for a second before binning it if it does not stand out to you.  
Just being an observer will not help progress much.
I know you all know this but the vision of what Nem could become is just too beautiful for me not to rabbit on Smiley
Of course my basic obvious idea here could be complete rubbish, It wouldn't be the first time!  

I was thinking the same. I'd be no use designing/making a flyer, but I'd be well up for handing them out/posting them through doors etc. This is something (as you said) which needs to come in the future when we have an established official logo and slogan etc. Smiley
full member
Activity: 224
Merit: 100
NEM Enthusiast
I am also really glad to be part of this project. A small question to the dev team. Once the audition to the stake holder account finished. What comes next? Is it going to be some sort of toDo list, so that the stakeholders can help before the release? So far, I had been tried to recruit people (two of them are stakeholders also) and to promote in my work, family, other forums, etc; now that the poll will close and we are going to enter in this transition period I really looking forward to do my best and  keep the promotion

We currently have a private trello board for development-related tasks. It might be reasonable to have a public trello board for non-development related tasks if there's interest?

I think it would be worth having! It means people can log into the forums and check out if they can do anything helpful without having to ask and wait for a response.

Also, is there a NEM forum coming soon? It'd be nice to have a dedicated place to discuss all things NEM. Thanks for your efforts! Smiley
sr. member
Activity: 299
Merit: 250
I am also really glad to be part of this project. A small question to the dev team. Once the audition to the stake holder account finished. What comes next? Is it going to be some sort of toDo list, so that the stakeholders can help before the release? So far, I had been tried to recruit people (two of them are stakeholders also) and to promote in my work, family, other forums, etc; now that the poll will close and we are going to enter in this transition period I really looking forward to do my best and  keep the promotion

We currently have a private trello board for development-related tasks. It might be reasonable to have a public trello board for non-development related tasks if there's interest?
sr. member
Activity: 299
Merit: 250
Maybe I missed it, but who is going to make a client for NEM? Will it be built from scratch or are we going to use clients from NXT to make our own?

We are either going to create a client based on minusbalancer's NXT client or create a new one from scratch. I would like to add a few novel features to the NEM client, but I'm still thinking through them. If anyone is a UX designer and wants to help design the client, PM me.
sr. member
Activity: 299
Merit: 250
Also look at this fellas:
http://www.cryptocoinsnews.com/2014/02/13/the-mathematically-secure-way-to-accept-zero-confirmation-transactions/

Maybe we could somehow built this into NEM in a way that makes it easier to calculate the "confidence" ? Jaguar what do you think ?
We could promote a 0 confirmation transaction time Smiley

Thanks for the link. We'll be looking into this.
member
Activity: 94
Merit: 10
Where you can vote for the new logo? I check those published in nxt forum and I have already a preference

sr. member
Activity: 258
Merit: 250
DRAMA: Dumb Retards Asking More Attention
Sent 0.065 BTC. from my wallet: 1scfy32AJX4MdMvzqEAvfcSprTWyVCGJj

transaction: a691421d11e716599d05c815945762eaba8a2ead2c47fed4767f3af78a4424ac

https://blockchain.info/tx/a691421d11e716599d05c815945762eaba8a2ead2c47fed4767f3af78a4424ac

pls check, and make sure im part of NEM.
thank you very much

You are posting in the wrong thread, please post your message here: https://bitcointalksearch.org/topic/ann-nem-4-billion-coins-equal-shares-for-all-registration-thread-part-2-440185
full member
Activity: 154
Merit: 100
Sent 0.065 BTC. from my wallet: 1scfy32AJX4MdMvzqEAvfcSprTWyVCGJj

transaction: a691421d11e716599d05c815945762eaba8a2ead2c47fed4767f3af78a4424ac

https://blockchain.info/tx/a691421d11e716599d05c815945762eaba8a2ead2c47fed4767f3af78a4424ac

pls check, and make sure im part of NEM.
thank you very much
newbie
Activity: 10
Merit: 0
Correct me if I'm wrong but according to my fusion powered quantum ROI calculator we've struck gold here. 1 stake = 1 million NEM. If NEM were to be listed on any BTC exchange we'd see a minimum price of 1 satoshi per NEM. This equals 0.01 BTC per stake. We're rich!

It is too conservative. I will not stop until NEM's market capitalization at least reaching Litecoin's level. 

That's what I was thinking. This is not a "dump at the first possible opportunity" project. I'm afraid though that many stakholders think like that.

This is why we should make sure that we can also build a similarly strong community! Then,anything is possible. But in the end the goal should be to achieve someting that has value (not because of the investment but) because it is usefull!

Yeah - agreed. NEM in and off itself won't be more usefull than NXT or most other cryptos. The most advanced and stable priced crypto isn't usefull if you can't do anything with it (other than storing value if it's really really stable). What could and will make it more usefull is the services and other things we (mostly devs Smiley ) build around NEM.


Agree with the comments. I have been thinking what can be do to give value to NEM beyond the still restricted world of crypto currencies. Maybe, if the development can introduced the idea of NXT's coloured coins and assist's exchanges in straightforward way, I guess it can be more easy to establish markets in which NEM can be used to buy/sells gods and thus transfer value to the coin. Thus, one of the markets that NEM can exploit is those agricultural products under the denomination of Fair Trade. Quite often, those products are sealed by small cooperatives of farmers in third developed countries. I envision in the near future that NEM, thanks to its egalitarian character, can be used by small communities or cooperatives to interchange its products in a fair way, without the intromission of intermediates that inflates the prices on their benefits
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
All this this news are great!

Can't wait for our coin to launch! Smiley
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