mNEM sounds generic 
rly ? It sure looks generic but have you said it out lout ?
I think it sounds pretty funny and noticeable
but hey...wouldn't be the first time that I'm totally alone with my opinion
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 428. (Read 661525 times)
February 10, 2014, 03:00:49 AM
rly ? It sure looks generic but have you said it out lout ?
I think it sounds pretty funny and noticeable
but hey...wouldn't be the first time that I'm totally alone with my opinion
February 10, 2014, 02:56:41 AM
Would POI not further encourage hoarding ?
If a node is more important if it has had more NEMs for a longer amount of time then everyone will try to keep their NEMs at one place right ?
If a node is more important if it has had more NEMs for a longer amount of time then everyone will try to keep their NEMs at one place right ?
The key part of the POI summary is this: "Forging power is a factor of a node’s weight and the NEM transfers that link it to other nodes". So, a node that actively engages in transactions will be more important that one that doesn't.
Also - Will Server nodes be more important then client notes simply by their nature ? I think they should be.
I'm may be missundestanding something about POI so please enlighten me
I'm may be missundestanding something about POI so please enlighten me
That is a good suggestion that would increase the incentives for running server nodes. We will take that under consideration.
Did I miss it or is there no Alias-System in there ?
We're not targeting that in V1. In place of it, we're allowing accounts to be given friendly names that might give newbies more confidence that they are sending money to the right place.
Is transparent forging going to be there ?
We haven't decided yet because this will depend on the forging algorithm that we choose.
Thank you for answering my questions and considering my comments. I totally missunderstood POI. I somehow missed the fact that transactions will give nodes a higher weight - All for it now
. Actually I think this could really stirr up some attention. One question that came to me regarding POI - Will my "links" be reset when I shutdown my node ? I think that'd be a shame.
Regarding the name for partial NEMs. Why not just stick with mNEM ? I think it's fun to say (reminds me of om-nom-nom).
Naka would give props to Satoshi and I get that but it's just totally different. 1 NEM and 1 Naka O_o...kind of irritating. Just my 2 cents.
mNEM sounds generic
Im really excited about this project, hope I could out help out maybe do some social media campaigns to help spread the word. 
February 10, 2014, 02:51:47 AM
POI weights will be updated every block and will not be lost when you shut down your client.
I kind of like having another unit. Like dollars and cents. NEMs and Nakas.
I kind of like having another unit. Like dollars and cents. NEMs and Nakas.
February 10, 2014, 02:23:45 AM
Would POI not further encourage hoarding ?
If a node is more important if it has had more NEMs for a longer amount of time then everyone will try to keep their NEMs at one place right ?
If a node is more important if it has had more NEMs for a longer amount of time then everyone will try to keep their NEMs at one place right ?
The key part of the POI summary is this: "Forging power is a factor of a node’s weight and the NEM transfers that link it to other nodes". So, a node that actively engages in transactions will be more important that one that doesn't.
Also - Will Server nodes be more important then client notes simply by their nature ? I think they should be.
I'm may be missundestanding something about POI so please enlighten me
I'm may be missundestanding something about POI so please enlighten me
That is a good suggestion that would increase the incentives for running server nodes. We will take that under consideration.
Did I miss it or is there no Alias-System in there ?
We're not targeting that in V1. In place of it, we're allowing accounts to be given friendly names that might give newbies more confidence that they are sending money to the right place.
Is transparent forging going to be there ?
We haven't decided yet because this will depend on the forging algorithm that we choose.
Thank you for answering my questions and considering my comments. I totally missunderstood POI. I somehow missed the fact that transactions will give nodes a higher weight - All for it now
. Actually I think this could really stirr up some attention. One question that came to me regarding POI - Will my "links" be reset when I shutdown my node ? I think that'd be a shame.
Regarding the name for partial NEMs. Why not just stick with mNEM ? I think it's fun to say (reminds me of om-nom-nom).
Naka would give props to Satoshi and I get that but it's just totally different. 1 NEM and 1 Naka O_o...kind of irritating. Just my 2 cents.
February 10, 2014, 01:48:24 AM
To give some perspective on what may be a useful amount for a global currency: there are about 100 Trillion (100,000,000,000,000) Japanese Yen in circulation. And that is just one country's currency.
And there are over 109 Japanese, that gives roughly, 106 Yens per person.
That means nem would need no have 400,000 users. (Which is possible, but most probably not in 2014
) February 10, 2014, 01:10:34 AM
hi I am new to Crypto coins and find this very exciting. First i would like to say thank you to everyone who is working on this and I find it all quite exciting even though I have no idea half the time what people are talking about.
I hope to be able to help in the future.
I hope to be able to help in the future.
February 10, 2014, 01:10:09 AM
4 Billion is less than 1 NEM per person in the world. IF we want to make a currency that people can imagine being used all over the world there should be more than 4 Billion.
Thanks
Only about 10% of the worlds population has access to connected computers so the figure would be more accurately represented as approx 5.71428571 NEM per person! Thanks
"Report Says 75 Percent Of World's Population Have Mobile Phones"
http://www.rferl.org/content/report-says-75-percent-of-worlds-population-have-mobile-phones/24648234.html
To give some perspective on what may be a useful amount for a global currency: there are about 100 Trillion (100,000,000,000,000) Japanese Yen in circulation. And that is just one country's currency.
February 10, 2014, 12:16:31 AM
I don't know if we really need to do more to attract POWers. Many don't like any type of coin that is not 100% mined. On the other hand, we could always hold back a small percentage of the initial distribution as a reserve and distribute it somehow (e.g. to miners, via a faucet, via a lottery, or via more fundraising). I don't know any of these are good ideas. I'm just brainstorming and throwing out ideas. Personally, I think we have a pretty strong community already and probably don't need to make a huge effort attracting POWers.
What about saving some NEM to set up a "World Community Grid" team and distribute based on points? Similar to the faucet that Ripple uses. I think people can feel good that they are not just doing pointless calculation, they are helping society, it is also very ASIC resistant. It also gives people a chance to get NEM without just paying for them, I think this can be easier for people new to crypto rather than buying coins. And if the coin goes to zero they can still feel like they did something positive and didn't pay someone or get "scammed".
Could this be accomplished via the asset market if we modified it some? Like have a computational task and a reward amount associated with it for running it. Then if we have a sandboxed JVM to run it on a client (similar to how Ethereum might work someday maybe), anyone could have access to a cluster of computers to do calculations.
Is this what you meant?
February 10, 2014, 12:10:03 AM
4 Billion is less than 1 NEM per person in the world. IF we want to make a currency that people can imagine being used all over the world there should be more than 4 Billion.
Thanks
Only about 10% of the worlds population has access to connected computers so the figure would be more accurately represented as approx 5.71428571 NEM per person! Thanks
February 09, 2014, 11:49:39 PM
I don't know if we really need to do more to attract POWers. Many don't like any type of coin that is not 100% mined. On the other hand, we could always hold back a small percentage of the initial distribution as a reserve and distribute it somehow (e.g. to miners, via a faucet, via a lottery, or via more fundraising). I don't know any of these are good ideas. I'm just brainstorming and throwing out ideas. Personally, I think we have a pretty strong community already and probably don't need to make a huge effort attracting POWers.
What about saving some NEM to set up a "World Community Grid" team and distribute based on points? Similar to the faucet that Ripple uses. I think people can feel good that they are not just doing pointless calculation, they are helping society, it is also very ASIC resistant. It also gives people a chance to get NEM without just paying for them, I think this can be easier for people new to crypto rather than buying coins. And if the coin goes to zero they can still feel like they did something positive and didn't pay someone or get "scammed".
February 09, 2014, 11:39:18 PM
Nakamoto is a bit long, I will admit, but it is only 1 syllable more than satoshi.
Naka could work as well. This would just be 中. This is also the short country name of China (中国). 中 could be the currency symbol. It is already in unicode...
新 means "new" and is pronounced the same in Chinese and Japanese (xin/shin). That character is also in unicode!!
Naka could work as well. This would just be 中. This is also the short country name of China (中国). 中 could be the currency symbol. It is already in unicode...
新 means "new" and is pronounced the same in Chinese and Japanese (xin/shin). That character is also in unicode!!
I like Naka so while we pay a homeage to Satoshi Nakamoto it is somewhat different from bitcoin's naming tradition. We could have the currency symbol at the same time. One stone kills two birds.
So 1 NEM= 1 bitcoin; 1 naka= 1satoshi.
I like naka too. Satoshi is too long a name for common use and is also too small a value to have any practical relevance (1 BTC = 100,000,000 satoshis) but 1 NEM SHOULD NOT = 100,000,000 naka. It is very important to have a unit that has a useful value that is not too high so you are using a bunch of decimals but is not so low like a satoshi. 1 NEM = 1000 naka?
February 09, 2014, 11:37:19 PM
Hey Nem´s!
Watching the development of NEM from the far first day and must say that Im really impressed!
Keep up the good work! Alltough there are allways stones in your way, but hey problems are here to get solved, otherwise you wouldn´t be in that forum and developing an alternative. The distribution is so far the best I´ve seen for my own, also if there are a lot of suckpuppets.
I hope the team reaches the goal to makes our world a "bit" better.(Maybe also a good model for a slogan)
Let us hope that money isn´t a thing of need, in future centuries, and dividing us like we it know today. To make real progress possible, like bringing us into the real far space, in a technically and ethically way, which is all two far away, for now and through our behaving as a civilization.
I think its quiet interesting that SHA-3 is used, like in Copperlark. Means this that the network will be secured only through GPU/CPU or will you also include in some way Asics? And if not, how Asic resistant is SHA3?
And I read somewhere that a name for the NEM satoshis is searched, why not "futures", alltough this gets a chance to getting mistaken with bourse futures, OP brought thing into rolling.
Watching the development of NEM from the far first day and must say that Im really impressed!
Keep up the good work! Alltough there are allways stones in your way, but hey problems are here to get solved, otherwise you wouldn´t be in that forum and developing an alternative. The distribution is so far the best I´ve seen for my own, also if there are a lot of suckpuppets.
I hope the team reaches the goal to makes our world a "bit" better.(Maybe also a good model for a slogan)
Let us hope that money isn´t a thing of need, in future centuries, and dividing us like we it know today. To make real progress possible, like bringing us into the real far space, in a technically and ethically way, which is all two far away, for now and through our behaving as a civilization.
I think its quiet interesting that SHA-3 is used, like in Copperlark. Means this that the network will be secured only through GPU/CPU or will you also include in some way Asics? And if not, how Asic resistant is SHA3?
And I read somewhere that a name for the NEM satoshis is searched, why not "futures", alltough this gets a chance to getting mistaken with bourse futures, OP brought thing into rolling.
NEM isn't secured by proof-of-work, so I don't think ASICs are an issue.
For the name of the basic unit of NEM, I propose the "nakamoto." Satoshi Nakamoto created this whole world, and it would be good to recognize that. Also, Nakamoto can be written as 中元 in Japanese (among other ways of writing it). This basically means 中国元, or "Chinese currency." So I think it is a name that could appeal to a larger audience, while still keeping the cyber-/cypher-punk roots.
Does it make sense to call it na or naka ? Nakamoto is a bit long for everyday use. How much is this ? 5 naka.
I think naka is fine too. Alternatively we could call it utopian.
February 09, 2014, 11:31:21 PM
The goal is not for NEM to be a NXT copy and paste coin. IMO, there's no value in that. With NEM, we want to take some of the best ideas of NXT and Bitcoin and create something new and, hopefully, better.
Wow that is amazing and exiting news to me. I'm not knocking nxt but the chance to rewrite the rules offers so much.
I have a question which might be a dumb one so I apologise in advance if so. I like the way nxt is different than mined coins, but it is a common criticism, though I think "pre-mine" is an incorrect term.
Is there any way... that without disrupting nem's initial distribution, that it could be made more appealing to the coin miners? Perhaps adopt a model that is based on nodes on the network, versus amount of nem held?
I'm thinking of this purely in terms of what could make nem a more sucessfull currency. And I'll admit I know little of what I'm talking about.
The idea behind both PON and POI is to reward nodes that contribute the most to the NEM network. PON rewards the number of nodes (exactly what you're describing). POI takes it one step further and gives preference to active nodes.
I don't know if we really need to do more to attract POWers. Many don't like any type of coin that is not 100% mined. On the other hand, we could always hold back a small percentage of the initial distribution as a reserve and distribute it somehow (e.g. to miners, via a faucet, via a lottery, or via more fundraising). I don't know any of these are good ideas. I'm just brainstorming and throwing out ideas. Personally, I think we have a pretty strong community already and probably don't need to make a huge effort attracting POWers.
February 09, 2014, 10:53:01 PM
One the NEM designs looks similar to a drum logo.
source:
http://mccartneyphoto.blogspot.com/2014/01/the-night-that-changed-america-grammy.html
http://1.bp.blogspot.com/-qyZZWH51iuU/UugQLDpTWNI/AAAAAAAAVR8/6SQOzVdpfiU/s1600/g5+(11).jpg
source:
http://mccartneyphoto.blogspot.com/2014/01/the-night-that-changed-america-grammy.html
http://1.bp.blogspot.com/-qyZZWH51iuU/UugQLDpTWNI/AAAAAAAAVR8/6SQOzVdpfiU/s1600/g5+(11).jpg
February 09, 2014, 10:10:54 PM
I am not in NEM stakeholder list. It´s fraud. NEM is scam. 
I believed in it.
I checked your post. You posted pictures rather than buy a stake with NXTs or Bitcoins. You have to buy your share. I believed in it. February 09, 2014, 10:06:41 PM
naka is very nice and easy to speak out
I like Naka so while we pay a homeage to Satoshi Nakamoto it is somewhat different from bitcoin's naming tradition. We could have the currency symbol at the same time. One stone kills two birds.
So 1 NEM= 1 bitcoin; 1 naka= 1satoshi.
Nakamoto is a bit long, I will admit, but it is only 1 syllable more than satoshi.
Naka could work as well. This would just be 中. This is also the short country name of China (中国). 中 could be the currency symbol. It is already in unicode...
新 means "new" and is pronounced the same in Chinese and Japanese (xin/shin). That character is also in unicode!!
Naka could work as well. This would just be 中. This is also the short country name of China (中国). 中 could be the currency symbol. It is already in unicode...
新 means "new" and is pronounced the same in Chinese and Japanese (xin/shin). That character is also in unicode!!
I like Naka so while we pay a homeage to Satoshi Nakamoto it is somewhat different from bitcoin's naming tradition. We could have the currency symbol at the same time. One stone kills two birds.
So 1 NEM= 1 bitcoin; 1 naka= 1satoshi.
February 09, 2014, 09:54:43 PM
The goal is not for NEM to be a NXT copy and paste coin. IMO, there's no value in that. With NEM, we want to take some of the best ideas of NXT and Bitcoin and create something new and, hopefully, better.
Wow that is amazing and exiting news to me. I'm not knocking nxt but the chance to rewrite the rules offers so much.
I have a question which might be a dumb one so I apologise in advance if so. I like the way nxt is different than mined coins, but it is a common criticism, though I think "pre-mine" is an incorrect term.
Is there any way... that without disrupting nem's initial distribution, that it could be made more appealing to the coin miners? Perhaps adopt a model that is based on nodes on the network, versus amount of nem held?
I'm thinking of this purely in terms of what could make nem a more sucessfull currency. And I'll admit I know little of what I'm talking about.
Miners's main activities are mining and selling what they mine, of course they are verifying transaction and protecting the network. But in my POV, the way POW coins have been dominated by mining industry is one of its main weakness. A self-sufficient network would be more sustainable in the long-run since the all the accounts/ nodes within the network verify transactions and protect the network themselves without resorting to an external party such as the mining industry and that would reduce the the cost of operating the network noticeably.
I have some more explanations here https://bitcointalksearch.org/topic/m.5017477 on why NEM has started the way it was.
Miners are of course welcome to join NEM by selling their mined coins and send in the relatively low fee. In the future, there may be a fund set aside to support the node infrastructure of NEM network.
February 09, 2014, 09:16:11 PM
I am not in NEM stakeholder list. It´s fraud. NEM is scam. I believed in it.
I believed in it. February 09, 2014, 09:15:17 PM
Nakamoto is a bit long, I will admit, but it is only 1 syllable more than satoshi.
Naka could work as well. This would just be 中. This is also the short country name of China (中国). 中 could be the currency symbol. It is already in unicode...
新 means "new" and is pronounced the same in Chinese and Japanese (xin/shin). That character is also in unicode!!
Naka could work as well. This would just be 中. This is also the short country name of China (中国). 中 could be the currency symbol. It is already in unicode...
新 means "new" and is pronounced the same in Chinese and Japanese (xin/shin). That character is also in unicode!!
I like Naka so while we pay a homeage to Satoshi Nakamoto it is somewhat different from bitcoin's naming tradition. We could have the currency symbol at the same time. One stone kills two birds.
So 1 NEM= 1 bitcoin; 1 naka= 1satoshi.
February 09, 2014, 09:12:12 PM
Hey Nem´s!
Watching the development of NEM from the far first day and must say that Im really impressed!
Keep up the good work! Alltough there are allways stones in your way, but hey problems are here to get solved, otherwise you wouldn´t be in that forum and developing an alternative. The distribution is so far the best I´ve seen for my own, also if there are a lot of suckpuppets.
I hope the team reaches the goal to makes our world a "bit" better.(Maybe also a good model for a slogan)
Let us hope that money isn´t a thing of need, in future centuries, and dividing us like we it know today. To make real progress possible, like bringing us into the real far space, in a technically and ethically way, which is all two far away, for now and through our behaving as a civilization.
I think its quiet interesting that SHA-3 is used, like in Copperlark. Means this that the network will be secured only through GPU/CPU or will you also include in some way Asics? And if not, how Asic resistant is SHA3?
And I read somewhere that a name for the NEM satoshis is searched, why not "futures", alltough this gets a chance to getting mistaken with bourse futures, OP brought thing into rolling.
Watching the development of NEM from the far first day and must say that Im really impressed!
Keep up the good work! Alltough there are allways stones in your way, but hey problems are here to get solved, otherwise you wouldn´t be in that forum and developing an alternative. The distribution is so far the best I´ve seen for my own, also if there are a lot of suckpuppets.
I hope the team reaches the goal to makes our world a "bit" better.(Maybe also a good model for a slogan)
Let us hope that money isn´t a thing of need, in future centuries, and dividing us like we it know today. To make real progress possible, like bringing us into the real far space, in a technically and ethically way, which is all two far away, for now and through our behaving as a civilization.
I think its quiet interesting that SHA-3 is used, like in Copperlark. Means this that the network will be secured only through GPU/CPU or will you also include in some way Asics? And if not, how Asic resistant is SHA3?
And I read somewhere that a name for the NEM satoshis is searched, why not "futures", alltough this gets a chance to getting mistaken with bourse futures, OP brought thing into rolling.
NEM isn't secured by proof-of-work, so I don't think ASICs are an issue.
For the name of the basic unit of NEM, I propose the "nakamoto." Satoshi Nakamoto created this whole world, and it would be good to recognize that. Also, Nakamoto can be written as 中元 in Japanese (among other ways of writing it). This basically means 中国元, or "Chinese currency." So I think it is a name that could appeal to a larger audience, while still keeping the cyber-/cypher-punk roots.
To be clear, I think 1 NEM should be called 1 NEM. 1 micro-NEM should be called 1 nakamoto.
Making things easier, and something effectiv against botnets?
Very Interesting! Haha wondering what was his thoughts to give a currency a chinese name in a japanese language, correlation with the historically not so good longterm relationship between these two? I also honoring the chinese tradition and development of relation to money, exactly the opposite of what the western societies life in. Debts was not seen that nice in historic china.
A NEM is a NEM no differences in opinion on that, Nakamoto would be good PR atleast but im unsure, but I can life with that what the most can life with.
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