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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 420. (Read 661525 times)

sr. member
Activity: 602
Merit: 268
Internet of Value
Marketing NEM after fundraising

Ok Nem has done a good job attracting stakeholders with its initial equal distribution plan but what happens after the close of the fundraising?  Why would people choose to invest in NEM( apart from being a great coin ) instead of the other 100 or more crypto currencies when the carrot of a million Nem per stake no longer exists.

We need to think of ways to differentiate Nem from the competition. The following are few ideas that occurred in my mind.

- The wallet should contain a small amount of NEM( 100Nem?) to entice people to download the wallet to properly see just how much better it is compared to other cryptos.

- Stake holders should band together and sponsor good causes for goodwill. Raising money to help buy medical supply for our unfortunate friends in Syria, Sudan is a great way to do good while helping NEM cause too.

- Start a Nem community market with goods sole priced in NEM.

- start a fundraising campaign to get a 10-20 sec commercial on bbc,cnn( if allowed)

any other ideas you guys can think of?  

We should do that as a community. I hope our generally egalitarian community would help to kick-start a lot of good-will projects. 
sr. member
Activity: 602
Merit: 268
Internet of Value
@ utopianfuture

maybe, it would be good to get somebody with an economical background (if someone of you already is, ignore this) in the developer team!
somebody who can do the maths and rough progronses (for example if we want to figure out how many fees should be forged at what amount of coins.)
this should probably not just be random intuition.

I think this would make a very convincing and holistic crypto!



I have an economic background, not the type of financial engineering or mathematical economics but in the institutional and political tradition of Keynes, Hayek, Friedman, Minsky, Douglas North etc. However imho mainstream economic models such as these DSGE models http://en.wikipedia.org/wiki/Dynamic_stochastic_general_equilibrium generally do not work for economic policies as well as having a good grasp of institutional history and incentive design. Mathematical models look sophisticated but often require a lot of restrictive assumptions which generally not being satisfied in real life conditions.
sr. member
Activity: 602
Merit: 268
Internet of Value
I think a decentralised exchange (asset exchange) on release would be amazing. Then there'd be no need for NEM to be accepted on a centralised exchange to begin trading; it can happen immediately.

Thoughts on this?

It would be great but you still need an exchange as a fallback.
Also there is a bounty open on a fiat to NEM Service which would be a huge deal since this is something I think no other crypto has (besides BTC and maybe LTC obviously).
I know very little about the details of opening an exchange such as this, but I'm under the impression it's extremely difficult; not technically, but in terms of getting tied up in all sorts of legal trash... essentially it's not really worth it unless your exchange is likely to get lots f volume.

Yep that's pretty much it. Many people have tried providing a service where you can buy cryptos via PayPal and it usually takes less than a month for PayPal to shut it down. The only service I know that is still able to sell BTC for PayPal is virwox.

I like to have something like a LocalNemcoin site. LocalBitcoin is a great grassroot service for bitcoin and that model is much more difficult to suppress compared to a centralized service.
legendary
Activity: 1176
Merit: 1134
nxtchg.com is for sale. All the source code for an exchange. https://nxtchg.com/sale.php
Min bid is 10 BTC
full member
Activity: 182
Merit: 100
Hey
lots of talk about going on about this or that exchange asap.
if we were listed on an exchange first thing people would do is  -  sell.
maybe some would hold.(still free market and greater movement)
the damage of a large scale sell sell sell, start for NEM would be dire for the long term objective.

I think UP has already covered this, earlier post Graviton (Dgex)
NXT has a few large account holders. Very easy to manage the flow of sales barring a few dumps by the black sheep. It may sound odd to some but i think a lot of NXT was actually bought back by large account holders. i would hazard a guess  pro day traders have input.

How many amongst us will buy when the price is falling and take a loss ?

I think a shake and bake of all stakeholders well before any exchange listing is paramount.

Perhaps if stake holders only got 50% of coins now, 25% in a year and 25% in two years this would improve peoples efforts to progress NEM such as pro activeness in any form. We are not a clone (HURRAY) and the devs have vision, our strength shall be as one and as many.

Our shinning light is NEM and what it stands for. Yes we all want fast money "NOW" me to.
We are born with nothing, we will die with nothing other than the difference we made.

On a lighter note and back to MONEY > me me me 10146161142384606182 grats !




























member
Activity: 118
Merit: 10
full member
Activity: 183
Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
@ utopianfuture

maybe, it would be good to get somebody with an economical background (if someone of you already is, ignore this) in the developer team!
somebody who can do the maths and rough progronses (for example if we want to figure out how many fees should be forged at what amount of coins.)
this should probably not just be random intuition.

I think this would make a very convincing and holistic crypto!

full member
Activity: 183
Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
@ TauMuon

The community is just the killer.
because there is ...
NO ENVY! Smiley
full member
Activity: 224
Merit: 100
NEM Enthusiast
NEM is not planned to be a fork of NXT anymore but rather NEM code bases would be re-written completely based on the best ideas in Bitcoin and NXT plus its own innovations.

This is certainly the best news for NEM since introduction!  Grin
I think there is little interest in a NXT clone (even with an optimised distribution), but the way NEM is evolving is just very promising IMHO!


THIS.
IS.
ABSOLUTE.
AWESOMENESS.


NEM is just turning out to be great in general! Cheesy
full member
Activity: 183
Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
NEM is not planned to be a fork of NXT anymore but rather NEM code bases would be re-written completely based on the best ideas in Bitcoin and NXT plus its own innovations.

This is certainly the best news for NEM since introduction!  Grin
I think there is little interest in a NXT clone (even with an optimised distribution), but the way NEM is evolving is just very promising IMHO!


THIS.
IS.
ABSOLUTE.
AWESOMENESS.
sr. member
Activity: 258
Merit: 250
DRAMA: Dumb Retards Asking More Attention
NEM is not planned to be a fork of NXT anymore but rather NEM code bases would be re-written completely based on the best ideas in Bitcoin and NXT plus its own innovations.

This is certainly the best news for NEM since introduction!  Grin
I think there is little interest in a NXT clone (even with an optimised distribution), but the way NEM is evolving is just very promising IMHO!


Oh and I still have a question:
 
Is there a way to develop NEM to prevent the recent problems with Bitcoin (Mt.Gox issues)?
See this article: http://www.coindesk.com/price-drops-mt-gox-blames-bitcoin-flaw-withdrawal-delays/
sr. member
Activity: 258
Merit: 250
DRAMA: Dumb Retards Asking More Attention
Marketing NEM after fundraising

Ok Nem has done a good job attracting stakeholders with its initial equal distribution plan but what happens after the close of the fundraising?  Why would people choose to invest in NEM( apart from being a great coin ) instead of the other 100 or more crypto currencies when the carrot of a million Nem per stake no longer exists.

We need to think of ways to differentiate Nem from the competition. The following are few ideas that occurred in my mind.

- The wallet should contain a small amount of NEM( 100Nem?) to entice people to download the wallet to properly see just how much better it is compared to other cryptos.

- Stake holders should band together and sponsor good causes for goodwill. Raising money to help buy medical supply for our unfortunate friends in Syria, Sudan is a great way to do good while helping NEM cause too.

- Start a Nem community market with goods sole priced in NEM.

- start a fundraising campaign to get a 10-20 sec commercial on bbc,cnn( if allowed)

any other ideas you guys can think of?  

The distribution is something that will have a huge effect on promotion. Due to the amount of stakeholders there should be an active community once the whole thing kicks off.  I am convinced that this is what makes the difference between another useless coin that is destined to extinguish from the beginning and something like dogecoin which is a coin which will make alot of people go  Shocked  this year and the main reason for this is the comunity behind it. 
full member
Activity: 224
Merit: 100
NEM Enthusiast
Quote
The wallet should contain a small amount of NEM( 100Nem?) to entice people to download the wallet to properly see just how much better it is compared to other cryptos.

Interesting. I like this idea; you can imagine news spreading across the internet - "FREE MONEY if you download the NEM wallet!". I think that could potentially be killer. Very doable.

Quote
Stake holders should band together and sponsor good causes for goodwill. Raising money to help buy medical supply for our unfortunate friends in Syria, Sudan is a great way to do good while helping NEM cause too.

This is quite achievable and something we should certainly attempt to do; it is, of course, what blasted DOGE to fame. Very doable.

Quote
Start a Nem community market with goods sole priced in NEM.

This will require more effort than you think, but it's a good idea none the less. Possibly doable in the future.

Quote
Start a fundraising campaign to get a 10-20 sec commercial on bbc,cnn( if allowed)

I think this will cost a LOT of money, but obviously achievable. The BBC don't have adverts, so other networks will have to be used. I'm not entirely sure how much 20-30 second ads are to take out (I think about £50/$80k?), but they can probably get quite expensive, especially during primetime. If enough people pool together, very doable.


These are some great ideas! If just these four ideas were delivered then NEM will be blasted into fame.

sr. member
Activity: 382
Merit: 256
Fundraising updates: As we are moving past page 70, I would like to announce a few updates going forward.

- Given the our targets in funding and the number of stakeholders, the fundraising will stop after page 90 of registration thread 2. After that there will be a public auditing of the stakeholder list based on the public information in the two registration threads including account names and transaction records. Every NEM stakeholders are invited to look at the records for mistakes and discrepancies; we will also apply the disclaimer "the development team reserves the right to refund you the money if an effort to unfairly accumulate NEM stakes is discovered" to refund big multi-accounters based on the taint analysis results. Details about this process will be published after the fundraising is over at page 90.    

- Details about the management of development stakes as well as development fund will also be published after page 90. There will be a refund period after this announcement so if you don't like the way funding for development is handled you can get a refund.

- Promotional stakes will be open again but to veteran accounts (open before the fundraising and has activity >20) only.

- An interesting statistics about our stakeholders' population will be published soon.

Thanks for supporting NEM. We will be a great community.



Good news, looking forward to an update.
sr. member
Activity: 420
Merit: 250
Marketing NEM after fundraising

Ok Nem has done a good job attracting stakeholders with its initial equal distribution plan but what happens after the close of the fundraising?  Why would people choose to invest in NEM( apart from being a great coin ) instead of the other 100 or more crypto currencies when the carrot of a million Nem per stake no longer exists.

We need to think of ways to differentiate Nem from the competition. The following are few ideas that occurred in my mind.

- The wallet should contain a small amount of NEM( 100Nem?) to entice people to download the wallet to properly see just how much better it is compared to other cryptos.

- Stake holders should band together and sponsor good causes for goodwill. Raising money to help buy medical supply for our unfortunate friends in Syria, Sudan is a great way to do good while helping NEM cause too.

- Start a Nem community market with goods sole priced in NEM.

- start a fundraising campaign to get a 10-20 sec commercial on bbc,cnn( if allowed)

any other ideas you guys can think of?  




  


full member
Activity: 224
Merit: 100
NEM Enthusiast
I think a decentralised exchange (asset exchange) on release would be amazing. Then there'd be no need for NEM to be accepted on a centralised exchange to begin trading; it can happen immediately.

Thoughts on this?

It would be great but you still need an exchange as a fallback.
Also there is a bounty open on a fiat to NEM Service which would be a huge deal since this is something I think no other crypto has (besides BTC and maybe LTC obviously).
I know very little about the details of opening an exchange such as this, but I'm under the impression it's extremely difficult; not technically, but in terms of getting tied up in all sorts of legal trash... essentially it's not really worth it unless your exchange is likely to get lots f volume.

Yep that's pretty much it. Many people have tried providing a service where you can buy cryptos via PayPal and it usually takes less than a month for PayPal to shut it down. The only service I know that is still able to sell BTC for PayPal is virwox.

Despite it's difficulty I think it's something the NEM community should really push for, even if it takes a long time. Obviously getting NEM on crypto exchanges is a priority, but we shouldn't brush it aside.
hero member
Activity: 980
Merit: 1001
I think a decentralised exchange (asset exchange) on release would be amazing. Then there'd be no need for NEM to be accepted on a centralised exchange to begin trading; it can happen immediately.

Thoughts on this?

It would be great but you still need an exchange as a fallback.
Also there is a bounty open on a fiat to NEM Service which would be a huge deal since this is something I think no other crypto has (besides BTC and maybe LTC obviously).
I know very little about the details of opening an exchange such as this, but I'm under the impression it's extremely difficult; not technically, but in terms of getting tied up in all sorts of legal trash... essentially it's not really worth it unless your exchange is likely to get lots f volume.

Yep that's pretty much it. Many people have tried providing a service where you can buy cryptos via PayPal and it usually takes less than a month for PayPal to shut it down. The only service I know that is still able to sell BTC for PayPal is virwox.
member
Activity: 78
Merit: 10
Since I know myself unfortunately too little! We should be hearing what eg utopianfuture says that?

When next it has indeed taken a long time until it was listed on other exchanges! And when would be communicated to vircurex before launch details so that they can prepare to manage the other exchanges not in such a short time;)

it is too early, they're still writing the codes.


Yes, I understand that too! But the idea has come to me now, sorry for that...
newbie
Activity: 6
Merit: 0
Since I know myself unfortunately too little! We should be hearing what eg utopianfuture says that?

When next it has indeed taken a long time until it was listed on other exchanges! And when would be communicated to vircurex before launch details so that they can prepare to manage the other exchanges not in such a short time;)

it is too early, they're still writing the codes.
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