I made some small changes to the front page to cover the sockpuppet case and add more fundraising history information. There will be several grammatical changes when I received the proofreading file from EvilDave. But at this point I would be very averse to changes in anything substantial in the front page. Any of such changes will be announced here for public reviews.
Also I am going to update the stakeholder list soon. Stay tuned.
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 477. (Read 661525 times)
January 26, 2014, 05:53:11 PM
January 26, 2014, 05:44:37 PM
Here is an interesting discussion. Could you guys chip in ?
https://forums.nxtcrypto.org/viewtopic.php?f=58&t=678
Let me know what you think.
https://forums.nxtcrypto.org/viewtopic.php?f=58&t=678
Let me know what you think.
January 26, 2014, 12:34:21 PM
What happens to all the funds used to purchase stake?
if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:
Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.
As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.
Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.
if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:
Code:
(400*0)+(200*0.0001)+(200*0.0002)+(200*0.0004)+(200*0.0008)+(200*0.0016)+(200*0.0032)+(200*0.0064)+(200*0.0128)+(200*0.0256)+(200*0.0512)+(200*0.1024)+(200*0.2048)+(200*0.4096)+(200*0.8192)+(200*1.6384)(200*3.2768)+(200*6.5536)+(200*13.1072)
Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.
As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.
Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.
The fee will not double up every 10 pages since after page 60 it exceeds 100NXT or 0.01BTC, I thinking of moving the fee on a linear scale after that. So the schedule would be 80nxt ->160nxt ->200nxt ->250nxt -> 300 nxt and increases 50 nxt every 10 page after that. Firstly, we don't want the fee to be exorbitantly expensive for newcomers to join in; Secondly, the fee's main goal is not to maximize the development fund, it is not that necessary ; but the fee is set to establish initial value for NEM and encourage people to go outside and promote NEM to get a promotional stake which is more important because I saw a lot people sending money in but not enough promotional effort so far.
I think a page would get us 200 posts but probably around 150-170 stakeholders because people asking questions and I have to go around answer or ask them to move to the discussion thread. So yes, we would probably go on to page 200 and more but it would not take that long though because we went though 50 pages + in 7 days.
Now managing 3800 stakeholders (200 is in development stake) would require some intense manual works but we are prepared. I have assigned 10 people for this task (see in stakeholder list) and it could go up to 20 people if needed. I would need to trust these people though because they will handle transferring NEM stakes. So it will be manual work, not automatic but it's already well planned. I managed to create the stakeholder list myself up to page 45 with close to 800 accounts; so it is not really that difficult.
About the fund, could someone provide an estimate how much we are going to get given the above fee schedule ? Similar as BCNext sitting on 10 million NXT common fund right now, I will control this fund myself until there is a safe way for the community to manage the fund; or I will transfer the fund to a person who I and the community trusts. Community should decide how to spend the fund.
About exchanges: Peercover, Graviton many options; I have a plan but it is expected that NEMs should be traded fairly easy after the fundraising and the allocation. So stay tuned.
Regarding the linear scale: you should add it to the Join NEM topic front page.
In my calculation the last 1 million NEM sold will be at a price of 800NXT/ .08 BTC. Now that's quite all right for a 0.025% stake and still doesn't really discriminate between the first and the last post. If this will go anywhere at all it will not really matter. If it goes nowhere the last poster will lose 70$ but that's a very reasonable exposure compared to other IPO's.
January 26, 2014, 12:12:41 PM
I have only next coins on bter and dgex, can is transfer from there?
January 26, 2014, 06:11:45 AM
What happens to all the funds used to purchase stake?
if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:
Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.
As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.
Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.
if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:
Code:
(400*0)+(200*0.0001)+(200*0.0002)+(200*0.0004)+(200*0.0008)+(200*0.0016)+(200*0.0032)+(200*0.0064)+(200*0.0128)+(200*0.0256)+(200*0.0512)+(200*0.1024)+(200*0.2048)+(200*0.4096)+(200*0.8192)+(200*1.6384)(200*3.2768)+(200*6.5536)+(200*13.1072)
Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.
As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.
Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.
The fee will not double up every 10 pages since after page 60 it exceeds 100NXT or 0.01BTC, I thinking of moving the fee on a linear scale after that. So the schedule would be 80nxt ->160nxt ->200nxt ->250nxt -> 300 nxt and increases 50 nxt every 10 page after that. Firstly, we don't want the fee to be exorbitantly expensive for newcomers to join in; Secondly, the fee's main goal is not to maximize the development fund, it is not that necessary ; but the fee is set to establish initial value for NEM and encourage people to go outside and promote NEM to get a promotional stake which is more important because I saw a lot people sending money in but not enough promotional effort so far.
I think a page would get us 200 posts but probably around 150-170 stakeholders because people asking questions and I have to go around answer or ask them to move to the discussion thread. So yes, we would probably go on to page 200 and more but it would not take that long though because we went though 50 pages + in 7 days.
Now managing 3800 stakeholders (200 is in development stake) would require some intense manual works but we are prepared. I have assigned 10 people for this task (see in stakeholder list) and it could go up to 20 people if needed. I would need to trust these people though because they will handle transferring NEM stakes. So it will be manual work, not automatic but it's already well planned. I managed to create the stakeholder list myself up to page 45 with close to 800 accounts; so it is not really that difficult.
About the fund, could someone provide an estimate how much we are going to get given the above fee schedule ? Similar as BCNext sitting on 10 million NXT common fund right now, I will control this fund myself until there is a safe way for the community to manage the fund; or I will transfer the fund to a person who I and the community trusts. Community should decide how to spend the fund.
About exchanges: Peercover, Graviton many options; I have a plan but it is expected that NEMs should be traded fairly easy after the fundraising and the allocation. So stay tuned.
January 26, 2014, 05:06:37 AM
What happens to all the funds used to purchase stake?
if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:
Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.
As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.
Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.
if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:
Code:
(400*0)+(200*0.0001)+(200*0.0002)+(200*0.0004)+(200*0.0008)+(200*0.0016)+(200*0.0032)+(200*0.0064)+(200*0.0128)+(200*0.0256)+(200*0.0512)+(200*0.1024)+(200*0.2048)+(200*0.4096)+(200*0.8192)+(200*1.6384)(200*3.2768)+(200*6.5536)+(200*13.1072)
Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.
As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.
Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.
January 26, 2014, 04:03:23 AM
maybe there is Graviton ready to develop an Exchange for NEM, after all, he has the experience...
For my godson I would also like to have a share. Can I make about dgex a referral because my client is Nxt scrap and my brother had to help me already!
He would then hold 13 years the coins: D
For my godson I would also like to have a share. Can I make about dgex a referral because my client is Nxt scrap and my brother had to help me already!
He would then hold 13 years the coins: D
January 26, 2014, 02:54:15 AM
I'm loving this distribution model.
In order for someone to gain just 1% of NEM, they would have to create 40 bitcointalk accounts and pay more than .4btc in fees.
Compare this to NXT, where several people gained control of 4%+ just by sending 1 bitcoin.
In order for someone to gain just 1% of NEM, they would have to create 40 bitcointalk accounts and pay more than .4btc in fees.
Compare this to NXT, where several people gained control of 4%+ just by sending 1 bitcoin.
in Nxt everyone could send only 0.0004 BTC... and it was 61 days long!
January 26, 2014, 02:24:43 AM
Will there be an exchange for nem?
We could just use ripple to trade nem, even now!
I could help setup a trading market and distribute NEM IOU within ripple. These could be traded now and as long as they are redeemable into actual nem after genesis, then it means we can launch nem much sooner
As soon as there is an nem/xrp orderbook, it automatically gets us fiat gateway to usd, cny, eur, etc
We could even convert to btc, ltc, nmc, ppc, doge
Let me know if this is of interest and if it qualifies for fiat gateway
James
You have my vote.We could just use ripple to trade nem, even now!
I could help setup a trading market and distribute NEM IOU within ripple. These could be traded now and as long as they are redeemable into actual nem after genesis, then it means we can launch nem much sooner
As soon as there is an nem/xrp orderbook, it automatically gets us fiat gateway to usd, cny, eur, etc
We could even convert to btc, ltc, nmc, ppc, doge
Let me know if this is of interest and if it qualifies for fiat gateway
James
I would like to see a ripple gateway for NEM .
January 26, 2014, 02:18:17 AM
I'm loving this distribution model.
In order for someone to gain just 1% of NEM, they would have to create 40 bitcointalk accounts and pay more than .4btc in fees.
Compare this to NXT, where several people gained control of 4%+ just by sending 1 bitcoin.
In order for someone to gain just 1% of NEM, they would have to create 40 bitcointalk accounts and pay more than .4btc in fees.
Compare this to NXT, where several people gained control of 4%+ just by sending 1 bitcoin.
January 26, 2014, 12:36:52 AM
Will there be an exchange for nem?
We could just use ripple to trade nem, even now!
I could help setup a trading market and distribute NEM IOU within ripple. These could be traded now and as long as they are redeemable into actual nem after genesis, then it means we can launch nem much sooner
As soon as there is an nem/xrp orderbook, it automatically gets us fiat gateway to usd, cny, eur, etc
We could even convert to btc, ltc, nmc, ppc, doge
Let me know if this is of interest and if it qualifies for fiat gateway
James
We could just use ripple to trade nem, even now!
I could help setup a trading market and distribute NEM IOU within ripple. These could be traded now and as long as they are redeemable into actual nem after genesis, then it means we can launch nem much sooner
As soon as there is an nem/xrp orderbook, it automatically gets us fiat gateway to usd, cny, eur, etc
We could even convert to btc, ltc, nmc, ppc, doge
Let me know if this is of interest and if it qualifies for fiat gateway
James
January 25, 2014, 10:42:59 PM
So will the devs contact the stakeholders true mail or?/
No we will make an announcement 3 to 5 days in advance and at that point you would need to PM us a certain password/ account/ or identification in your registered username account. I have a plan but I need to make sure it would work before announcing it. It would involve a bit of manual works but we have a team ready for it.
It is expected to happen shortly after the fundraising.
Announcement will made simultaneously in this thread, registration thread and in our forum
How do you mean password/account?! Then u have all my login information... and what kind of Identification? I send 20 nxt and copy past the transaction ID, thats enough right?
There are details I don't want to reveal yet. It would be very easy to understand and follow if you read the announcement. The risks that you will lose your stake are from:
1. You can't access to your bitcointalk account anymore
2. You don't read the announcement
That's all. If you can do these two above things you will get your stake. And no we won't have any personal information from you. Password means a random password not your account password.
January 25, 2014, 10:39:36 PM
So will the devs contact the stakeholders true mail or?/
No we will make an announcement 3 to 5 days in advance and at that point you would need to PM us a certain password/ account/ or identification in your registered username account. I have a plan but I need to make sure it would work before announcing it. It would involve a bit of manual works but we have a team ready for it.
It is expected to happen shortly after the fundraising.
Announcement will made simultaneously in this thread, registration thread and in our forum
How do you mean password/account?! Then u have all my login information... and what kind of Identification? I send 20 nxt and copy past the transaction ID, thats enough right?
January 25, 2014, 10:36:11 PM
So will the devs contact the stakeholders true mail or?/
No we will make an announcement 3 to 5 days in advance and at that point you would need to PM us a certain password/ account/ or identification in your registered username account. I have a plan but I need to make sure it would work before announcing it. It would involve a bit of manual works but we have a team ready for it.
It is expected to happen shortly after the fundraising.
Announcement will made simultaneously in this thread, registration thread and in our forum
January 25, 2014, 10:31:23 PM
well this forum is our contact 
hehe
hehe January 25, 2014, 10:25:19 PM
So will the devs contact the stakeholders true mail or?/
January 25, 2014, 10:21:13 PM
Hey there! I have send the NXT already. How can I clain my share and how much NEM coins will that be? Can I already make a wallet ore do you contact all the stake holders? My first time I invest from the start, so would like to now he its gonna be like. thanks!
Here is plan.
We are going to wait until
1. It is feasible to clone NXT code bases, it would probably not possible until April even though it might be possible earlier
2. Gathering a mass movement with at least more than 3000 stake holders.
3. In the mean time, we can discuss making logo, currency symbol, setting forum; discussing everything else
4. At some point, I will set up some type of exchange to buy/ sell initial stakes. This will probably happen before the genesis block.
5. Community should give input and make the movement possible. Because at this point I only have 1 account stake as many others.
Any news
Here is plan.
We are going to wait until
1. It is feasible to clone NXT code bases, it would probably not possible until April even though it might be possible earlier
2. Gathering a mass movement with at least more than 3000 stake holders.
3. In the mean time, we can discuss making logo, currency symbol, setting forum; discussing everything else
4. At some point, I will set up some type of exchange to buy/ sell initial stakes. This will probably happen before the genesis block.
5. Community should give input and make the movement possible. Because at this point I only have 1 account stake as many others.
January 25, 2014, 10:00:50 PM
Hey there! I have send the NXT already. How can I clain my share and how much NEM coins will that be? Can I already make a wallet ore do you contact all the stake holders? My first time I invest from the start, so would like to now he its gonna be like. thanks!
January 25, 2014, 09:46:34 PM
Hey all
okaynow set us up a Reddit page here http://www.reddit.com/r/nem/comments/1w4f4t/announcing_nem_the_first_egalitarian_crypto_join/ ; check it out and give us an up-vote.
okaynow set us up a Reddit page here http://www.reddit.com/r/nem/comments/1w4f4t/announcing_nem_the_first_egalitarian_crypto_join/ ; check it out and give us an up-vote.
January 25, 2014, 09:26:04 PM
Don't know if i'm the best, but I am available....be about 12-24 hours depending on how Outside life goes.
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