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Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 48. (Read 661498 times)

legendary
Activity: 3010
Merit: 8114
What is the process for converting NEM stake back into NEM once NEM launches?

How long until launch?

Wap it two weeks after launch, not 100% sure though

So those who didn't want a token for the AE get to sell their NEM two weeks earlier than those who did? I remember reading this and wondering why you wouldn't just also conduct this step on the launch day.
hero member
Activity: 834
Merit: 524
Nxt NEM

"350" ... Smiley   well, then we play password games in different leagues Smiley
I have 8 main accounts (2 banks, 4 emails, 2 other) and those I remember. In addition there are the cryptocurrency accounts, whose passwords I do not remember, not always.)
Those usernames and passwords are in at least 2 safe places, not meaning digital stores.

Other different accounts, ~ 20, are not so important.
All the passwords, which can be in the computer are encrypted by my own, super-secure, methods Smiley  and after every backup they are also in backup devices.
In addition, ofc, there are 50+ accounts, which are even less important, some web sites are maybe used only once, twice. They just "are". Maybe they would be appropriate accounts for those pw managers - but not those bank and other important accounts.  
 
"Most humans will never" ... but they also belong to that category, where is made those warned clicks...

Good for you if you have 8 different  passwords that you remember.

It doesn't change what I said. Some CSPRNG (crypto secure random generators) are perfectly secure and do better job with randomness than any human -- including you.

Everything you do online depends on CSPRNG already. For example, you have 8 passwords but when you go to 8 websites to use them, you see "https". " "https" would not be "safe' if CSPRNG wasn't working correctly -- as the key exchange mechanism for encryption relies on CSPRNG. Your 8 password would be easily stolen if that were not the case.

So you already rely on CSPRNG every single time you login to 8 those site, every time you use wifi, and everything you do online that is intended to secure.

What you said was still a bad advice. Most people should use password managers as they will  be safer overall.
 

The "randomness" is one characteristic, the other is the length. My passwords' randomness is enough due to certain things, which is used in the pw generation - which is not revealed here either Smiley  And length I certainly have enough.


Ofc the pws are used, ofc they are used online - that's what they are for. And they all have the same odds to be stolen, when they are used. And that is not depending on their randomness or length.

You seem to be very sure that the MOST IMPORTANT passwords are in better safe in some password manager in the user's computer THAN  e.g. in the safe closet or in a paper note in a metal box behind a locked drawer. And the copies in different buildings in the similar places Smiley
I'd bet you own some shares of a pw manager company Wink


Cryptocurrencies, decentralization, lower trust level ...
pw manager, centralization, higher trust level.   Smiley     

(ok, ofc some centralization and trust is needed somewhere sometimes, but ...)



legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
What is the process for converting NEM stake back into NEM once NEM launches?

How long until launch?

When NEM launches you will have to send the token and a message to the asset issuer account.
hero member
Activity: 697
Merit: 500
What is the process for converting NEM stake back into NEM once NEM launches?

How long until launch?

Wap it two weeks after launch, not 100% sure though
newbie
Activity: 21
Merit: 0
What is the process for converting NEM stake back into NEM once NEM launches?

How long until launch?
member
Activity: 69
Merit: 10
trolls trying to get NEMtokens cheaper = Succses!! Congratulation NEM. Kiss
sr. member
Activity: 602
Merit: 268
Internet of Value

Jeff Bezos can put bread on his table NOW from his stock. We can't and that why there is no "direct" benefit.


Sure you can. You can issue yourself a stake and sell it for NXT, then you sell that NXT for BTC and that BTC into your fiat currency of choice.


We can't. Read the rules. Tokens are for current stakeholders ONLY.

So none of the core team are stakeholders? I did spend about an hour reading through forum posts on this subject, just FYI.


I also am curious if there is a release date in sight, or any such estimation. Thank you.

Best estimation can be found in NEM summary.

Also, just trying to help: you should put this information up on your website or else make it more easily available. I know you guys are busy but you would help allay potential investor concerns by doing this.

Investor's handout is being prepared. In short, tokens are available if current stakeholders request and there are 1000 of them (25%). It is a nice way to let out some steam and let newcomers to be in. Dev. team have no demand for tokens.
legendary
Activity: 3010
Merit: 8114

Jeff Bezos can put bread on his table NOW from his stock. We can't and that why there is no "direct" benefit.


Sure you can. You can issue yourself a stake and sell it for NXT, then you sell that NXT for BTC and that BTC into your fiat currency of choice.


We can't. Read the rules. Tokens are for current stakeholders ONLY.

So none of the core team are stakeholders? I did spend about an hour reading through forum posts on this subject, just FYI.


I also am curious if there is a release date in sight, or any such estimation. Thank you.

Best estimation can be found in NEM summary.

Also, just trying to help: you should put this information up on your website or else make it more easily available. I know you guys are busy but you would help allay potential investor concerns by doing this.
sr. member
Activity: 602
Merit: 268
Internet of Value

Jeff Bezos can put bread on his table NOW from his stock. We can't and that why there is no "direct" benefit.


Sure you can. You can issue yourself a stake and sell it for NXT, then you sell that NXT for BTC and that BTC into your fiat currency of choice.


We can't. Read the rules. Tokens are for current stakeholders ONLY. There it is if you want to see the best setup incentive system.
legendary
Activity: 3010
Merit: 8114

Jeff Bezos can put bread on his table NOW from his stock. We can't and that why there is no "direct" benefit.


Sure you can. You can issue yourself a stake and sell it for NXT, then you sell that NXT for BTC and that BTC into your fiat currency of choice.
hero member
Activity: 644
Merit: 500

"350" ... Smiley   well, then we play password games in different leagues Smiley
I have 8 main accounts (2 banks, 4 emails, 2 other) and those I remember. In addition there are the cryptocurrency accounts, whose passwords I do not remember, not always.)
Those usernames and passwords are in at least 2 safe places, not meaning digital stores.

Other different accounts, ~ 20, are not so important.
All the passwords, which can be in the computer are encrypted by my own, super-secure, methods Smiley  and after every backup they are also in backup devices.
In addition, ofc, there are 50+ accounts, which are even less important, some web sites are maybe used only once, twice. They just "are". Maybe they would be appropriate accounts for those pw managers - but not those bank and other important accounts.  
 
"Most humans will never" ... but they also belong to that category, where is made those warned clicks...

Good for you if you have 8 different  passwords that you remember.

It doesn't change what I said. Some CSPRNG (crypto secure random generators) are perfectly secure and do better job with randomness than any human -- including you.

Everything you do online depends on CSPRNG already. For example, you have 8 passwords but when you go to 8 websites to use them, you see "https". " "https" would not be "safe' if CSPRNG wasn't working correctly -- as the key exchange mechanism for encryption relies on CSPRNG. Your 8 password would be easily stolen if that were not the case.

So you already rely on CSPRNG every single time you login to 8 those site, every time you use wifi, and everything you do online that is intended to secure.

What you said was still a bad advice. Most people should use password managers as they will  be safer overall.
 
sr. member
Activity: 602
Merit: 268
Internet of Value
That's an example that people buy things based on ideas and the team. I don't have an opinion about current price of NEM token. Whatever the price is, the core team has no direct benefit.

I understand your point, I just don't like unbased speculation which serves basically as propaganda, which you have to admit there is a little bit going on around here.

So the core team has no NEM holdings whatsoever? Please correct me if I'm wrong but the value of a stake is, for the time being, the only indicator of the future price of NEM. If stakes start going for 10 BTC each, I would have to imagine it would make you at least somewhat happy. If it didn't, you'd be kicking yourself for not giving yourself a bigger founding stake.  

I'm sorry, I'm doing my best to not be a jerk. I just want to understand how the core team has no direct benefit from the price of a NEM token. Its like saying Jeff Bezos has no direct benefit from the price of Amazon stock even though he has hundreds of millions of dollars worth of stock options.

I also am curious if there is a release date in sight, or any such estimation. Thank you.

No direct benefit NOW. Because we are not being able to sell anything. We will have something only when NEM launch so until that point token price has no direct benefit to us.

Jeff Bezos can put bread on his table NOW from his stock. We can't and that why there is no "direct" benefit.

Best estimation can be found in NEM summary.
hero member
Activity: 1110
Merit: 534

People buy Qora leave this moron alone.

Hello.

I want to buy QORA from you @ 10 satoshi.
What amount are you willing to trade?
legendary
Activity: 3010
Merit: 8114
Posted by: gorillajam 

This user is currently ignored.
member
Activity: 98
Merit: 10
win
NCC will have a network visualizer built in. This is an actual graph of NIS under testing.

/p/nQpYxb]/p/nQpYxb]network visualizer by futureutopian, on Flickr

bump
Looks Cool will the graph be in real time ?

YES, you click on one of the green nodes (active nodes), then the graph should grow.


is there anything about NEM that hasn't been plagiarised off another coin. So you copied Ripples real time chart, well done.


People buy Qora leave this moron alone.
legendary
Activity: 3010
Merit: 8114
That's an example that people buy things based on ideas and the team. I don't have an opinion about current price of NEM token. Whatever the price is, the core team has no direct benefit.

I understand your point, I just don't like unbased speculation which serves basically as propaganda, which you have to admit there is a little bit going on around here.

So the core team has no NEM holdings whatsoever? Please correct me if I'm wrong but the value of a stake is, for the time being, the only indicator of the future price of NEM. If stakes start going for 10 BTC each, I would have to imagine it would make you at least somewhat happy. If it didn't, you'd be kicking yourself for not giving yourself a bigger founding stake.  

I'm sorry, I'm doing my best to not be a jerk. I just want to understand how the core team has no direct benefit from the price of a NEM token. Its like saying Jeff Bezos has no direct benefit from the price of Amazon stock even though he has hundreds of millions of dollars worth of stock options.

I also am curious if there is a release date in sight, or any such estimation. Thank you.
sr. member
Activity: 602
Merit: 268
Internet of Value
NCC will have a network visualizer built in. This is an actual graph of NIS under testing.


bump
Looks Cool will the graph be in real time ?

YES, you click on one of the green nodes (active nodes), then the graph should grow.
full member
Activity: 182
Merit: 100
NCC will have a network visualizer built in. This is an actual graph of NIS under testing.

network visualizer by futureutopian, on Flickr

bump
Looks Cool will the graph be in real time ?
pgb
full member
Activity: 212
Merit: 100
The NEM price on the NXT asset exchange is extremely low.

NXT price is: 0.0000898 BTC/NXT  supply @ 1 billion

NEM price should be 0.0000224 BTC/NEM , NEM supply @ 4 billion

NEM price is actually 1,000,000 for 17,500 NXT = 1,000,000 for 1.5715 BTC = 0.0000015715 BTC/NEM

so that's pretty attractive.  People buying at these low prices will easily make 10X - 20X their investment once NEM launches.


Based on what kind of analysis? There's not even a hard launch date yet.

Right now, NEM has a value of 0.000000000000000000 anything.

NEM right now has the value of what people are willing to pay, like everything else. I guess that is not difficult to understand, or at least it shouldn't.

Sorry friend but you should save being a dick for when you are right. You can't pay anything for NEM right now because it doesn't exist right now. The only thing that exists are tokens which represent NEM. So my simple question to you is, how did you come up with such liberal projections for a coin that hasn't been released yet?


I didn't make any projections and I do not care how much NEM (or tokens) is worth now but long term.


People buying at these low prices will easily make 10X - 20X their investment once NEM launches.


Okay, I see the quote wasn't you. My apologies. I guess I was addressing the guy that made this statement.
.
No worries, all good.
sr. member
Activity: 602
Merit: 268
Internet of Value
The NEM price on the NXT asset exchange is extremely low.

NXT price is: 0.0000898 BTC/NXT  supply @ 1 billion

NEM price should be 0.0000224 BTC/NEM , NEM supply @ 4 billion

NEM price is actually 1,000,000 for 17,500 NXT = 1,000,000 for 1.5715 BTC = 0.0000015715 BTC/NEM

so that's pretty attractive.  People buying at these low prices will easily make 10X - 20X their investment once NEM launches.


Based on what kind of analysis? There's not even a hard launch date yet.

Right now, NEM has a value of 0.000000000000000000 anything.

NEM right now has the value of what people are willing to pay, like everything else. I guess that is not difficult to understand, or at least it shouldn't.

Sorry friend but you should save being a dick for when you are right. You can't pay anything for NEM right now because it doesn't exist right now. The only thing that exists are tokens which represent NEM. So my simple question to you is, how did you come up with such liberal projections for a coin that hasn't been released yet?


How can people invest in a start-up when it has NOTHING yet ?

Aren't you the one that's supposed to be telling us??


That's an example that people buy things based on ideas and the team. I don't have an opinion about current price of NEM token. Whatever the price is, the core team has no direct benefit.

ADD: there should be a good price somewhere based on the risk you are willing to take and the amount of information/ analysis you do. We obviously have a high of opinion about ourselves but we avoid offering an opinion on that matter but let the market decide.
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