Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 440. (Read 661525 times)

Well that's probably why it's going to be public and everyone can make his case. If you helped a few friends it'll be fine. There'll prol be a bit of time between the transactions as well.

proof of network.  like proof of stake, but it is proof of network.  I don't think the idea is used anywhere because it is likely quite flawed.  People who don't understand virtualization etc think that having different instances of a server add to security. Security can't rely on such things obviously. 

Guys , sorry for completely newbie question - would you explain PoN abbreviation? and how it works in two sentences?

many thanks

or at least give some reference link - as I couldn't find anything here.

What about for the people who gave NXTs to who friends and family who never heard of Cryptocurrencies? For example I gave NXTs to my aunt, and a friend in England. They gave me money for them and I helped them through the process? I also have extensive Facebook conversation helping my England friend out. There still have to be cases like that because as simple as the whole thing is for me, it's virtually impossible for people who are less tech savvy. Many people dismiss me when I tell them about them, but I'm very motivated to help the few that trust me.

@The whole fraudster and multi account topic.

Koreem and I are already sweeping through the regsitration pages (Koreem has done way more I just started yestersay) and already found some multi-accs. I'm gessing utopian is also looking. The more the merrier so if you have time go ahead and check the blockchains.

If you do it remember that you have to check the history of an address as well. The multi accs I found were only discovered because I checked where the used addresses were funded from in the first place.

As I understand it the current plan is to collect all the intell until fundraising is over and then publicly discuss the cases and refund them if they have more than 10 stakes.

I myself believe that 10 is actually a lot and we should start at 5 but let's hear some thoughts.

That's actually a good point. I was all about making forging more fair but it's really about keeping the network secure. Now I'm totally for a smaller amount of PON. Maybe 30% ?

And if you announce it like we want a picture over a week from now. With a newspaper on that exact date.

They will only have 1 day to collect people who wants to be on a picture  

They can still fraud. Bit it will decrease it from 50 multiple accounts to 5-10 I think.

This is idiotic.   Did you not read what NEM is supposed to be about ?  How can you claim an open coin that tries to be fair when you need an old account on 1 specific forum on the internet ?

It wouldn't spread the buyers, it does the opposite.  Hellllo?

It is so amazing how No Envy becomes Most Envy.  Like people complaining about taxes feeding the poor.  These people are first in line to get free government handouts.  They just hate the idea of someone else getting them.  I look at this thread a few times a day hoping for interesting discussion.  No.  What I see are more halfbaked ideas worrying about sock puppets having multiple accounts.  Instead of ideas to help coin grow etc, we get people worried about what others have.  All with the coin originally named "No Envy Movement".  Can't make this stuff up.

Somebody keeps pushing the NXT price down. It's really annoying. I bought 10,000 NXT a few weeks ago for .00007 Bitcoins each. I went to BTER and saw that the lowest price was at .0000718. I decided to checkout how much those 10,000 that I bought last week would be worth if I sold them for .0000718, and in less than 10 seconds after I went to the page somebody had posted like 4 or 5 new sell order for under .000069. Including one for 14,000 NXT. Why not just sell slightly below the current lowest price? These people keep pushing the price down. The other week it was at around .000097 or so, then someone came and every 5 seconds kept selling 10 to 20,000 NXT for lower price, and lower price, and lower price, every few seconds, until the price was in the .000070s, and then it went to .000085, and then a repeat of the same process. It's annoying. The price would have probably been over .0001 right now if it wasn't for that.

Maybe a picture of each stakeholder with the transaction ID written on a paper in his hand is enough.

This will set the fraudsters get to work =)

are you stupid?
circulated but not everything on utopianfuture. everyone can look but even after muliple accounts and report them! Is that so hard?
And no nobody here will send his ID card or a copy of the identity card! We are not here at NSA.

Order other issues and the search for multiple accounts in the background and report it to utopianfuture in a private message

I think the measures are anti-whale measures rather than anti-sock puppet.

Short of requesting identity documents (epic fail in the crypto world), there will always be a way for people to create sock puppets and claim multiple stakes.

However, the measures in place do prevent a whale from gaining a 4% stake in NEM during the ipo.  It is too time consuming for someone to create 120 different bitcointalk accounts, wait the required 4 hours on each before they can post in the registration thread, then create 120 different wallets to send the fee from.


NEM, the first whale-resistant currency.

I agree that something must be done to combat corruption of NEM's intended fair distribution.  I think the measures being executed by the devs are probably adequate.
However, come on people! It is appalling that closing this off to established forum members is being tossed around as a sensible idea. 
If anything there should be a drive to attract new members to join the forum.  Let's speculate that the forum veterancy rule was enforced from the start.  Were there even 4000 established forum regulars that would care enough about NEM to join?

I'm looking forward for accurate comparing calculations.

I should add that of course you have to expect a lot of people to be creating multiple accounts, but you also have to consider that it all balances itself out if more people are doing that. If everyone bought two stakes, then everyone would still have a very balance market. It would be like having 2,000 stakeholder rather than 4,000, but that's still a lot of people. And I'm sure Utopianfuture thought of that when he set the number to 4,000 Stakeholders.

I think the vast majority of people complaining over and over about this issue, and trying to create scenarios for stopping the ipo are thinking so small minded, compared to the Utopianfuture understanding and approach to the situation. It's all small minded because it's all based on jealousy, and trying to lock out as much people as possible, rather than being grateful for the opportunity.

Many, many people are going to buy multiple stakes. Get over it already, because it's still more fair than any other coin that I've seen so far. Be grateful that you knew about it, and try to bring new people into the cryptocoin market. Help them set up an account. That would only benefit the NEM market. If Utopianfuture had a different, normal mentality then new people would be locked out. So I'm impressed by his mentality, because most other people are so small minded.

That would only limit it to Bitcoin talk register users, rather than bring new people in to cryptocurrency, who are the people who should be brought in. That would eliminate people who don't know anything about Bitcoin that I'm trying to bring in, and just limit it to certain people on one website. How is that fair?

DNA/fingerprinting is really the only way to go guys.

We should also require social security number, mother's maiden name, birth certificate, passport, proof of address, and bank account information.

Please make the distribution even more complicated than it already is.  After you've done that, I'm going to say it's still not good enough and ask you to please make it even more complicated.

i just noticed, NEM is currently funded twice as much as NXT.
this is nice!
And considering there are still open spots, this could be a fun baby to watch it grow.

Here's an idea.

Set a new rule for the remaining shares. The rule restricts everyone but buyers who's registration date is sometime before the announcement of the coin, maybe several months before?.. and restrict the buyers to full members. Then lower the share price to a price maybe half of the current value or so. Allow buyins of multiple shares, but cap it at a small amount. This will bring in a different pool of investors. It should help fill up the spots quicker while also spreading the buyers. Thoughts?

Excellent, 0.5% is a good good investment. if the percentage is less, nothing happens. It's good to live with what is necessary. Excess money rots us.

They can create 10 btc-e mother account, and only OKPAY account to transfer. Sure there are some trickster.

Some people think it's crazy, but it's the best: Send identity document for each of the stakes If this happens, NEM would expand the more friends

There may also be document forgers. Crazy world.