Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 419. (Read 661525 times)

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 ) build around NEM.

Obviously there will be some major price fluctuations from the start, it takes time to get some stability ( untill the donkeys learn or get out of currency). But don't underestimate the power of supply/demand. Once people start dumping their shares price will immediately drop which in its turn will make them stop dumping their shares. And this is where the smart people take advantage by buying whatever they can get their hands on and redestributing it later at rates that does not affect the price too much   Anyway, those hoping to get rich probably won't...

As I have written here before; we can learn alot from the dedication the doge community has for their coin. They have the tipping and fundraising as drive to attract new people. If you take into account the share ammount of doge that are mined it is incredible that the coin is still gaining in value.

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!

I think as a "community builder" we could vote on a logo

Awesome. Been wanting to quit my job for some time now

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.

I think that's a great chanche, hope Nem will make it all the way up!!

damn right!

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

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

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!

I'm glad to be part of this project.

It is obvious that all initial stakeholding has been conducted fairly. As most of the new people have now taken part then at this later stage it is not surprising that some excited stakeholders are trying to get a few more of this most amazing opportunity. It's a tough world out there and they are trying to get ahead.
If the worst culprits still have less than 1% of stakeholding then this will have been the fairest distribution of all crypto currencies by far.

Haven't come a across that so far but it doesn't actually suprise me.

The goal has always been to spread NEM widely and evenly (but not perfectly even) at the beginning distribution and I take that goal seriously. We have couple of plans to make that happen.

hi this is what I plan to share. NEM stakeholder's population statistics

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdG1XYWlDemNENl9IaGR5ZHNUNTNhcmc#gid=0

Kooream complied this and he is half way through thread 2.

In my estimation, we already have around 1000 unique stakeholders in registration thread 1 alone.

Deleted my rant.

I have funding number and stakeholder number targets and they have been announced well in advance. You can read it in the front page when you fist register. Everything goes according to plan so far. Fundraising actually goes a bit too fast. 

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?

zero confirmation transaction time is a neat idea , I hope the devs look into this.

nice to have people on board that are already thinking ahead


I think that's what giveaways and the begging area in forums are for. If you wan't to get NEMs from someone you need to register in our forum and therefore are already closer to actually become part of the community. Also who's stoping me from downloading the wallet on my 50 VMs that I randomly send over TOR nodes ?


So true. Actually that's the real job of a stakeholder. If you want your stake gain value then that's what you have to do. Hard to say though how many of thousands of people will actually get this right (or even want to).


I think every forum has a market area where everyone can sell anything. My experience is however that that doesn't really take off.
Maybe with a dedicated website but then we're already building ebay and that may be a lot of work for such a young community. if we do it we should put the necessary time into it and get it right the first time.


I think TV commercials wont really do much but what do I know . I'm under the impression that the Reddit adds went really well so we might consider sponsor something like this again.


I think we should hold everything until we have our 2 websites and an exchange up. If we make a big fuzz about NEM with almost 0 infrastructure people will turn away and never comeback.
I know utopian has this parallel development plan but I think the community is coming together quite nicely and maybe we should slow down on that end a bit and wait until the technical part catches up.

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

NEM will have an asset market and also encrypted messaging, so something like that could replace Ebay if done right. The key is we need to work with shop owners to create a grassroots network of places accepting NEM. Places like your local pub. If you can get just regular places like that to accept NEM, then that will naturally create the infrastructure that we need.