[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 42.

utopianfuture

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Quote from: TwinWinNerD on June 03, 2014, 11:05:05 PM

Quote from: utopianfuture on June 03, 2014, 11:01:30 PM

Quote from: TwinWinNerD on June 03, 2014, 11:00:15 PM

Quote from: utopianfuture on June 03, 2014, 10:57:42 PM

Quote from: Eadeqa on June 03, 2014, 10:47:38 PM

Quote from: utopianfuture on June 03, 2014, 09:58:16 PM

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

This was the main problem that country coins exploited to get on top of the list, even though 50 to 70 percent were not tradable and were "locked" for future release to a country.

Only stakes that are available for trade on asset exchanges should be counted to calculate market cap --

coinmarketcap will not make the same mistake as they did with country coin, artificially inflating the ranking. I think he already learnt his lesson,

In the case of country, the coins are locked up for a purpose so they are not outstanding shares. In the case of NEM, no regular share is locked up. For example: any stakeholder can request a token and sell it tomorrow. It is real money and completely actionable. If NEM stake shoot up to 10.000$ tomorrow, I am sure the tokens will be running out pretty fast. It does not stop there. I am open to list else where as long as there are requests so ALL shares are actually tradable and sellable.

I did not talk with Gliss yet but you can bet that NEM will be listed in CMC before the official launch as long as he think maidsafe could be there.

How much do you want to bet? :p

Gliss also has the requirement that the trading must be on atleast one exchange with a good trackrecord and a good API. I don't think he will implement his own implementation for the AE just for one asset. So I wouldn't be so sure about getting listed Wink

Big enough so I can pay him to implement technicality.

Touchê!

But still I don't think the AE qualifies as an exchange with a proven trackrecored in his books. Also no coin build on XCP/RIPPLE ect is listed.

Nonetheless, will be nice to see some novelty Wink

He already said he is looking for Nxt asset API to implement Nxt asset. That is without any "special" incentive.

TwinWinNerD

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Quote from: utopianfuture on June 03, 2014, 11:01:30 PM

Quote from: TwinWinNerD on June 03, 2014, 11:00:15 PM

Quote from: utopianfuture on June 03, 2014, 10:57:42 PM

Quote from: Eadeqa on June 03, 2014, 10:47:38 PM

Quote from: utopianfuture on June 03, 2014, 09:58:16 PM

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

This was the main problem that country coins exploited to get on top of the list, even though 50 to 70 percent were not tradable and were "locked" for future release to a country.

Only stakes that are available for trade on asset exchanges should be counted to calculate market cap --

coinmarketcap will not make the same mistake as they did with country coin, artificially inflating the ranking. I think he already learnt his lesson,

In the case of country, the coins are locked up for a purpose so they are not outstanding shares. In the case of NEM, no regular share is locked up. For example: any stakeholder can request a token and sell it tomorrow. It is real money and completely actionable. If NEM stake shoot up to 10.000$ tomorrow, I am sure the tokens will be running out pretty fast. It does not stop there. I am open to list else where as long as there are requests so ALL shares are actually tradable and sellable.

I did not talk with Gliss yet but you can bet that NEM will be listed in CMC before the official launch as long as he think maidsafe could be there.

How much do you want to bet? :p

Gliss also has the requirement that the trading must be on atleast one exchange with a good trackrecord and a good API. I don't think he will implement his own implementation for the AE just for one asset. So I wouldn't be so sure about getting listed Wink

Big enough so I can pay him to implement technicality.

Touchê!

But still I don't think the AE qualifies as an exchange with a proven trackrecored in his books. Also no coin build on XCP/RIPPLE ect is listed.

Nonetheless, will be nice to see some novelty Wink

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: Eadeqa on June 03, 2014, 10:48:40 PM

Quote from: lovekfc on June 03, 2014, 10:44:48 PM

I think that we should have own NEM wallet (at least the alpha version release) , before NEM listed on CoinMarketCap.

I think it should not be listed at all -- not on regular list -- until official launch. Same should apply to mediasafe.

Maybe there can be separate list for assets. It would be fine on that list

I partly agree. NEMstake is an asset rather than a coin.

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: TwinWinNerD on June 03, 2014, 11:00:15 PM

Quote from: utopianfuture on June 03, 2014, 10:57:42 PM

Quote from: Eadeqa on June 03, 2014, 10:47:38 PM

Quote from: utopianfuture on June 03, 2014, 09:58:16 PM

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

This was the main problem that country coins exploited to get on top of the list, even though 50 to 70 percent were not tradable and were "locked" for future release to a country.

Only stakes that are available for trade on asset exchanges should be counted to calculate market cap --

coinmarketcap will not make the same mistake as they did with country coin, artificially inflating the ranking. I think he already learnt his lesson,

In the case of country, the coins are locked up for a purpose so they are not outstanding shares. In the case of NEM, no regular share is locked up. For example: any stakeholder can request a token and sell it tomorrow. It is real money and completely actionable. If NEM stake shoot up to 10.000$ tomorrow, I am sure the tokens will be running out pretty fast. It does not stop there. I am open to list else where as long as there are requests so ALL shares are actually tradable and sellable.

I did not talk with Gliss yet but you can bet that NEM will be listed in CMC before the official launch as long as he think maidsafe could be there.

How much do you want to bet? :p

Gliss also has the requirement that the trading must be on atleast one exchange with a good trackrecord and a good API. I don't think he will implement his own implementation for the AE just for one asset. So I wouldn't be so sure about getting listed Wink

Big enough so I can pay him to implement technicality.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: utopianfuture on June 03, 2014, 10:57:42 PM

Quote from: Eadeqa on June 03, 2014, 10:47:38 PM

Quote from: utopianfuture on June 03, 2014, 09:58:16 PM

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

This was the main problem that country coins exploited to get on top of the list, even though 50 to 70 percent were not tradable and were "locked" for future release to a country.

Only stakes that are available for trade on asset exchanges should be counted to calculate market cap --

coinmarketcap will not make the same mistake as they did with country coin, artificially inflating the ranking. I think he already learnt his lesson,

In the case of country, the coins are locked up for a purpose so they are not outstanding shares. In the case of NEM, no regular share is locked up. For example: any stakeholder can request a token and sell it tomorrow. It is real money and completely actionable. If NEM stake shoot up to 10.000$ tomorrow, I am sure the tokens will be running out pretty fast. It does not stop there. I am open to list else where as long as there are requests so ALL shares are actually tradable and sellable.

I did not talk with Gliss yet but you can bet that NEM will be listed in CMC before the official launch as long as he think maidsafe could be there.

How much do you want to bet? :p

Gliss also has the requirement that the trading must be on atleast one exchange with a good trackrecord and a good API. I don't think he will implement his own implementation for the AE just for one asset. So I wouldn't be so sure about getting listed Wink

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: Eadeqa on June 03, 2014, 10:47:38 PM

Quote from: utopianfuture on June 03, 2014, 09:58:16 PM

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

This was the main problem that country coins exploited to get on top of the list, even though 50 to 70 percent were not tradable and were "locked" for future release to a country.

Only stakes that are available for trade on asset exchanges should be counted to calculate market cap --

coinmarketcap will not make the same mistake as they did with country coin, artificially inflating the ranking. I think he already learnt his lesson,

In the case of country, the coins are locked up for a purpose so they are not outstanding shares. In the case of NEM, no regular share is locked up. For example: any stakeholder can request a token and sell it tomorrow. It is real money and completely actionable. If NEM stake shoot up to 10.000$ tomorrow, I am sure the tokens will be running out pretty fast. It does not stop there. I am open to list else where as long as there are requests so ALL shares are actually tradable and sellable.

I did not talk with Gliss yet but you can bet that NEM will be listed in CMC before the official launch as long as he think maidsafe could be there.

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: lovekfc on June 03, 2014, 10:44:48 PM

I think that we should have own NEM wallet (at least the alpha version release) , before NEM listed on CoinMarketCap.

I think it should not be listed at all -- not on regular list -- until official launch. Same should apply to mediasafe.

Maybe there can be separate list for assets. It would be fine on that list

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: utopianfuture on June 03, 2014, 09:58:16 PM

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

This was the main problem that country coins exploited to get on top of the list, even though 50 to 70 percent were not tradable and were "locked" for future release to a country.

Only stakes that are available for trade on asset exchanges should be counted to calculate market cap --

coinmarketcap will not make the same mistake as they did with country coin, artificially inflating the ranking. I think he already learnt his lesson,

lovekfc

newbie

Activity: 19

Merit: 0

I think that we should have own NEM wallet (at least the alpha version release) , before NEM listed on CoinMarketCap.

xtester

hero member

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Risk taker & Black Swan farmer.

Quote from: utopianfuture on June 03, 2014, 03:54:49 PM

NEM public IRC channel is now #nemcoin ( freenode ). I will be parking there when I am online. Consultation service is available for Nemsters who are in emotional distress.

Great.

utopianfuture

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Internet of Value

Quote from: Eadeqa on June 03, 2014, 09:44:16 PM

Quote from: utopianfuture on June 03, 2014, 09:41:18 PM

This does not make sense. All NEM are fully owned by someone at this point. So market cap has to take all supply into consideration.

The market cap is not calculated by ownership. It's calculated by "available" (to trade) numbers.

If that were not the case, all country coins would still be listed as someone (developer) owns them

That's incorrect. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. As long as a coin has an ownership and can be traded, it is considered an outstanding share.

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not). CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

For NEM, all regular stakes now have an owner and can be sold or traded. That the owner does not request to put his share on an exchange does not mean it is not an outstanding share. That Bill Gates do not put his Microsoft shares on an exchange does not change Microsoft market cap.

Eadeqa

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Activity: 644

Merit: 500

Quote from: utopianfuture on June 03, 2014, 09:41:18 PM

This does not make sense. All NEM are fully owned by someone at this point. So market cap has to take all supply into consideration.

The market cap is not calculated by ownership. It's calculated by "available" (to trade) numbers.

If that were not the case, all country coins would still be listed as someone (developer) owns them

utopianfuture

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Activity: 602

Merit: 268

Internet of Value

Quote from: TwinWinNerD on June 03, 2014, 09:31:48 PM

Quote from: utopianfuture on June 03, 2014, 09:26:34 PM

Quote from: TwinWinNerD on June 03, 2014, 09:06:07 PM

Quote from: Jaguar0625 on June 03, 2014, 08:59:04 PM

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Maidsafe ?

yes, but it is a fully launched token.

If CMC lists NEM than only the amount of tokens that are currently floating around, so PRICE*300 (or how much it currently is).

This does not make sense. All NEM are fully owned by someone at this point. So market cap has to take all supply into consideration.

TwinWinNerD

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Quote from: utopianfuture on June 03, 2014, 09:26:34 PM

Quote from: TwinWinNerD on June 03, 2014, 09:06:07 PM

Quote from: Jaguar0625 on June 03, 2014, 08:59:04 PM

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Maidsafe ?

yes, but it is a fully launched token.

If CMC lists NEM than only the amount of tokens that are currently floating around, so PRICE*300 (or how much it currently is).

jabo38

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mining is so 2012-2013

Quote from: jrossIV on June 03, 2014, 09:12:00 PM

Distribution will play a big effect. Leveraging all these people is going to be powerful. I think this coin will be top 5 within year of launch.

It's very hard to understand exactly what the crypto scene will look like in a year from now. For all we know in 6 months a new coin will come out with new code and a new system that will blow everything away. And then again, that new coin might be called NEM.

But I think it's completely safe assumption NEM will be in the top 10, and has a great chance at the #5, #4, or spot. And yes, that would be great if it was even higher.

The point is to get to the top 10 is easy, but to stay there is much harder.

utopianfuture

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Quote from: TwinWinNerD on June 03, 2014, 09:06:07 PM

Quote from: Jaguar0625 on June 03, 2014, 08:59:04 PM

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Maidsafe ?

jrossIV

newbie

Activity: 28

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Distribution will play a big effect. Leveraging all these people is going to be powerful. I think this coin will be top 5 within year of launch.

TwinWinNerD

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Quote from: Jaguar0625 on June 03, 2014, 08:59:04 PM

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Jaguar0625

sr. member

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What ever happened to the listing NEM on CoinMarketCap?

TwinWinNerD

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Quote from: jpdeng on June 03, 2014, 08:43:56 PM

Quote from: ?? on ??

Quote from: snapter on June 03, 2014, 08:00:27 PM

Quote from: Momimaus on June 03, 2014, 05:03:08 PM

Quote from: nzminer on June 03, 2014, 04:56:09 PM

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Can you buy a fraction of a stake?

yup minimum is 1/10 of a stake.. thats around 1600 - 1700 nxt now

It is so cheap!

Hmm. Define cheap. The price of 1 NEM stake is 1.6 BTC.

4000*1.6 BTC = 6600BTC market cap.

According to CMC that would place us instantly into the top 15 of all cryptocurrencies. This might be a cheap price once the client is stress tested and released but right now it seems to be a rather expensive price given the uncertainty!

Remember the original praticipation fee was 0-0.1 BTC only!

If NXT price keeps rising, we will see a 10000 NXT/stake price soon.

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 42. (Read 661498 times)