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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 431. (Read 661525 times)

full member
Activity: 224
Merit: 100
NEM Enthusiast
Poll for the logo.

Imgur album of the options (and their corresponding numbers) can be found here.


Note - this poll is by no means final, or 'official', I made it purely so we can gauge what logo the community likes the idea of the most.
newbie
Activity: 5
Merit: 0


free market is the only way to go.




That's 100% true. We may create automated stabilisation of currency price but transaction price must be free to decide as far as system has it's % on it.
sr. member
Activity: 420
Merit: 250
hi Pat

Longterm there is no other-way but the freemarket I agree , but initially to give NEM an initial liftoff and separate us from regular dime a dozen cryptos a consensus price could be hugely beneficial. Emunie I think is doing something vaguely similar, setting the price at $.10 and creating emunie equal to the initial funds raised in the IPO. If there is more future demand and no one is willing to sell at $.10 they will create the demanded emunie plus one more to be divided among the hatcher and initial holders.
newbie
Activity: 5
Merit: 0
All I want to say:


I hope that legally and by soul we will create new economy based on digital decentralised Consumer cooperatiion: http://en.wikipedia.org/wiki/Consumer_cooperative
In many countries it has status of non profit or have much lover taxation.

Consumer cooperatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops and other groups operating in areas such as health care, insurance, housing, utilities and personal finance (including credit unions).

We need to be better then others.
1) Fast and easy transactions on smartphones (not more then 10 sec)
2) Fixed transaction fee at fixed speed of proceding
3) Transaction expances must be not higher then those with banking processing centers, VISA and Master Card
4) Ideally automated processing original credit or debit card transactions with payment to the parties and stakeholders as commision(bonus) (maybe we need own processing center or something like opensource google wallet)
5) Algorithm to automaticly calculate emition of new money based on condition of stabilisation fund.
We can use a) premined billions secured in automated account or transaction algorithm b)internal system commision on transactions to develop stabilization fund and regulate speed of market growth.
6) To ballance even better - we need automaticly controlled deflation not higher then 96%, 48%, 24%, 12%, 6% in future years and 0% inflation suppotred by stabilisation fund
7) Later on we may need to implement rating system and be open to current legal system - create way to show real identity by paypal or banking account validation if person or company wants. If system will be really big we will show the rules - not government))

It's huge challange but it may make the difference for human future. Just think that with this system we can have great deflation at lunch to have rapid growth, then our coin become new international independent payment system, more stabile then any government or banking system.. And system mast be fair. If you're early bird you will have some passive income at begining but it will not last long as amount of transactions is growing and you're not participating.

Regards, Yurij

hero member
Activity: 980
Merit: 1001
No, but seriously in a free market sellers would quote silly prices and NEM Holders would not be willing to buy at those prices which could just lead to a deadlock.

If all 3000+ stakeholders were to reach some sort of consensus value among themselves and pledge to honor that decision by providing goods and services at agreed value we would have all increased the value of our own stake.
Its a common "prisoners dilemma" problem. But I guess you need stakeholders who can see the longterm benefit of such an agreement as opposed to just dumping the coin. Sad for a small profit.

free market is the only way to go.

If someone sells that silly prices no one will buy - his problem
If someone buys at those silly prices - his problem
If someone sees noone's buying at his silly price and he decides on a more reasonable price - PROFIT !

Anything else is just not working and I understand why. BIDs and ASKs - all we need.
sr. member
Activity: 420
Merit: 250
No, but seriously in a free market sellers would quote silly prices and NEM Holders would not be willing to buy at those prices which could just lead to a deadlock.

If all 3000+ stakeholders were to reach some sort of consensus value among themselves and pledge to honor that decision by providing goods and services at agreed value we would have all increased the value of our own stake.
Its a common "prisoners dilemma" problem. But I guess you need stakeholders who can see the longterm benefit of such an agreement as opposed to just dumping the coin. Sad for a small profit.

I wish we could do NEM again, only selecting stakeholders who are committed and willing to actually pledge their time, effort and goods and services and not just be stakeholders who "invest" a pittance and hope for a miracle to happen.
full member
Activity: 233
Merit: 107
Why is the User Coinonaer not in the stakeholder list?
He has made ​​several inquiries and its entries were deleted?
He has sent 500 Nxt see here: https://bitcointalksearch.org/topic/m.4916130 # msg4916130


look

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdDZ0amZpM00wQXhrR2lJM3pCOGRhNFE#gid=6

T2-2093 and hashinfo
sr. member
Activity: 420
Merit: 250
Yes, u are right but then who would want to trade their coins initially ?

Lets assume the price of NEM = .06 btc(Stake) /1000000=.000045 $

price of can of coke/pepsi= 22000 NEM coin Huh

We all know about the man who bought the pizza for 10000 BTC now Grin
hero member
Activity: 644
Merit: 500
How do we price goods on NEM? Do we let the market decide or should the price be set by prior consensus?
And how u gonna to bound anyone who doesn't want to follow consensus?

Free market - best way to settle price with a minimum amount of anger. Set your buy/sell price and wait for agreement - what can be better?

Anyone'd remember NEM'll be equal distributed (or rule-distributed) only before Genesis, and after that free trading'll flow in.
sr. member
Activity: 476
Merit: 250
Ⓘ♡฿
Have sent 0.04btc @ 1. February:
https://bitcointalksearch.org/topic/m.4873688

I'm not in the stakeholder list. Whats wrong?
sr. member
Activity: 420
Merit: 250
How do we price goods on NEM? Do we let the market decide or should the price be set by prior consensus?

Example

1 NEM = .001 $
A can of Pepsi/Coke  = 1000 NEM
hero member
Activity: 644
Merit: 500
member
Activity: 85
Merit: 10
Why is the User Coinonaer not in the stakeholder list?
He has made ​​several inquiries and its entries were deleted?
He has sent 500 Nxt see here: https://bitcointalksearch.org/topic/m.4916130 # msg4916130
full member
Activity: 165
Merit: 104
Nice post yurkomik. I like your ideas very much, I too think we need a market where we can trade/buy real goods with NEM. Without a proper market, NEM is just another dead coin in the long-run( 1 yrs?)  

As of this moment, two events are likely to happen with the release of NEM
Scenario 1: NEM gets released, people start to rush to dump their coins to make a quick buck leading to a dead cypto.
Scenario 2: Most people hoard their coins for forging, unintentionally  artificially inflating price ( NXT?) but susceptible to big price volatility with the smallest trade activity,rendering the currency useless.

Money was created to facilitate trade between goods and services, with cryptos we are creating money without goods and services. 99% of all alt currencies will be dead in a year all due to lack of a market, lets make NEM the exception to the rule. We really do need participants for this experimental currency to succeed not silent stake holders.

Let me be one of the first to volunteer , My name is Pasang I own a small hotel in Bhutan. I could offer my rooms in NEM but since most of u guys are probably not in my locality it would be pointless, instead I would be willing to post 10 items for sale every month for sale priced in NEM on its release for the next four months to get the ball rolling.

I hope more of you will join me in this endeavor, We are all potential NEM coin millionaires and now it is up to us to make this million actually worth a million or just worthless digital numbers.  

 

Great point! This might be a bit early since no concrete technology behind NEM yet, but still we need a possibility to buy real life stuff with NEM.

Once nem lauches ill be willing to support  all retailers who start selling services/goods through nem (and I'm sure many more people will support too)!
sr. member
Activity: 420
Merit: 250
Nice post yurkomik. I like your ideas very much, I too think we need a market where we can trade/buy real goods with NEM. Without a proper market, NEM is just another dead coin in the long-run( 1 yrs?)  

As of this moment, two events are likely to happen with the release of NEM
Scenario 1: NEM gets released, people start to rush to dump their coins to make a quick buck leading to a dead cypto.
Scenario 2: Most people hoard their coins for forging, unintentionally  artificially inflating price ( NXT?) but susceptible to big price volatility with the smallest trade activity,rendering the currency useless.

Money was created to facilitate trade between goods and services, with cryptos we are creating money without goods and services. 99% of all alt currencies will be dead in a year all due to lack of a market, lets make NEM the exception to the rule. We really do need participants for this experimental currency to succeed not silent stake holders.

Let me be one of the first to volunteer , My name is Pasang I own a small hotel in Bhutan. I could offer my rooms in NEM but since most of u guys are probably not in my locality it would be pointless, instead I would be willing to post 10 items for sale every month for sale priced in NEM on its release for the next four months to get the ball rolling.

I hope more of you will join me in this endeavor, We are all potential NEM coin millionaires and now it is up to us to make this million actually worth a million or just worthless digital numbers.  

 
full member
Activity: 168
Merit: 100
hero member
Activity: 490
Merit: 504
@ DaFockBro
I don't believe him anything^^


Exactly. 15 to 20 stakes. What a joke.

I say lets close this already. We have enough stakeholders. Everyone new is basically a sock puppet.

+1

I'm also starting to think that it wouldn't be a bad idea to close this already, surely when excluding the socketpuppets we must have over 500 different people as participants.

so the trolls want to destroy this coin by short IPO? Nxt had 61 days long IPO. To get 1.000.000 Nxt you had to send 0.02 Btc during those 61 days. Nxt is already more fair than this Cheesy
newbie
Activity: 5
Merit: 0
Hello community!
I have some ideas 

What do you think?


these are good ideas! the diversification and connection with real economy should be high priority to avoid use NEMs as just an speculative tool. I need to think a little bit more about your solution but it is good to orient the debate in that direction

Thanks for your support ) I think it's nice idea to start discussion about this. It's easy to build such network if we will make stable (protected from falling down, slowly growing) currency and real time smartphone transactions. You can use it in automated convenience shops and retail shop transactions.   It will be a little harder to create paypal for crypto transactions. Idea with NXT/NEM ratings may help with auction model but we will need real company to handle fraud insurance as paypal does. Also I think we must think about fast and slow transactions. I don't want to be able to loose all my money in seconds. I want to have transaction limits on everyday accounts and easy to use few steps verification model for really big transactions.  I am not a criminal so it's ok if to protect my money I may disclose my identity. It's even ok to send my NEMs to bank and connect it to my debit card.
Who want to discuss it?

Regards, Yurij
legendary
Activity: 961
Merit: 1000
This letter is for the owner of the ship Captain utopianfuture   :

First of all many thanks for starting creating this coin NEM. I registered in the first 20 pages  and I am proud to be one of your sailors without asking who you are where you are coming from or what you do with your life or if you did something wrong in your childhood.

People are asking here for your identity and even the identity of stake holders to prove they did not buy more than 1 stakes not only that they want their facebook, ip addresses etc…..These people that are  asking that are naïve or don’t work in the world of IT.

 There is a main reason Captain utopianfuture do not want to give his id, future threaths of people losing with NEM, mafia knowing Captain is making a fortune and want to kidnap one of his kids to get a reward.

People asking for facebook, yes give more details to hackers to enter your NEM account, your real name, where you live, yes give as much information so they can hack your account. Ip addresses? Yes give your ip address so they can hack into your PC!

These people asking for ID, facebook, Ip addresess, etc have not stop for a second thinking about the consecuences this can carry on and putting in danger the integrity of the individual and families.

  Now can we stop this argument about multiple accounts, Captain is working on that and some people are getting nervous knowing Captain is investigating and coming here saying they have bought 20 stakes for friends or 10 stakes for family because they don’t know how to do it! Full bullshit…you are nervous now knowing there is an investigation going on and  you will be caught up and before that happen you come here with a sick story just to avoid be refund your 10 or 20 stakes!…these people should be return their stake without hesitation Captain! I do understand a person can have 3 stakes for people he/ she really love like grandpa or mother that are quite old and will find it extremely difficult to go into buying NEXT or BTC to get into the ship as one of your sailors and wish a good retirement for the last years of life of their beloved ones, 3 stakes are reasonable, more than 3 are ENVY movement!

As a sailor of your boat I will follow not you orders or command but your leadership without hesitation, Some sailors here asked that they have their right to know what is the  situation of their investment and are very pushy and demanding in doing so,my question to them is, you just invested pennies on this and you are asking Captain full report in a way that its no nice, you are not investing your house or all your possesions and you are asking him like your life is at stake! Dear Captain this is only a suggestion never a demand, as you will always get these greedy people asking  greedy impatient question of where their pennies are gone and when they will become precious stones or gold, why don’t you create a thread with  daily progress of the coin and what have been done even if that day has been done nothing or very little, some sailors will always be rebellious and question his captain.  A good Ship can only reach good port with good sailors and not with traitors or questioning the leadership of their captain, if some of you come here to question him I would suggest Captain to create a thread for those ones that want to leave the ship and  moaning about the pennies investment they have done and the legitimacy skills and trust for the captain to navigate this ship. Also I notice some sailors want to change your rules, NO! We join this trip knowing the rules, if you joined you know we go to a port call NEM, if you want to go to a different port I suggest you need to change the ship!

As a loyal sailor I would like to ask one question, my concerned is that when you launch the coin there might be 4 sharks that are ready there to buy 40 per cent of the coins at the beginning when is cheap and then the coin will be a manipulated by these rich sharks that will become richer and can afford to take control of your coin and repeatedly manipulating the market to get more coins and NEM then will become like any other ALT, I guess there is nothing you can do to stop these sharks taking ownership of the NEM ship.

(before any sailor start bitching about  how I write or express myself I am not an  English spoken sailor)

Regards,

Your faithful Sailor
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