Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 49. (Read 661525 times)

Quote from: utopianfuture on June 02, 2014, 03:00:50 PM

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?

buying a token is basically a pre-order for the actual NEM ... the exchange rate for one token is exactly one NEM stake (1000000 NEM), so the value of both are the same ... if one token has value, then one NEM stake automatically has value even though it's not delivered to you yet. So saying NEM has value of 0 right now is simply not true. Otherwise the tokens would have a value of 0.

And his projection is basically just wishful thinking. Nobody knows what will happen and how much NEM will be worth. But right now one NEM stake is one token worth.

It's same situation when you buy shares or take part of some IPO, not exactly pre-order because IMO these guys are buyin in cos the hope to get return not just a unit of NEM or just medium of Exchange. I think that cryptocurrrencies are some kind of hybrid of money and investment.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: Eadeqa on June 01, 2014, 11:47:43 PM

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??

jkoil

hero member

Activity: 834

Merit: 524

Nxt NEM

Quote from: jkoil on June 01, 2014, 04:39:21 PM

Passwords, lost, stolen, ... the same "old" subjects

place.)

I have never "lost" a password or ever being hacked and I have been around for years. Lastpass is perfectly safe as encryption is done locally on computer. Don't do stupid things like click on executable downloadable from untrusted sources. For extra paranoids, I also recommend something like https://www.malwarebytes.org/

Quote

I still skip password generators and password managers

When being skeptic enough, nothing in the computer is in safe. At least a copy of the password must be written in paper/wood/rock/younameit in safe place.)

If that makes you happy, be my guest, but that is not good advice. Most humans will never generate more random password than cryptographically secure random generator. Plus for vast majority of people password managers are much safers for several reasons

(1) Users can use unique passwords for each site (very important security step) without having to memorize hundreds of unique passwords. I have over 350 passwords.
(2) The encryption key is derived by key stretching of master password (thousands of SHA256 operations) so even if in unlikely scenario vault file is stolen, brute force attack would still be very difficult.
(3) The user can enable two factor authentication for extra security
(4) Most password managers have have some protection against keyloggers (auto fills, two factor authentication, online keypad, one time passwords, etc).
(5) It's easy to backup passwords securely -- losing passwords due to hard drive crash is just bad as getting them stolen.

The bottom line: Even if a user has very weak master password for password manager, it's highly likely he will still never get hacked. Weak password for Nxt itself means getting hacked immediately 100%

Clip on lastpass security: https://www.youtube.com/watch?v=_stBixODWf8

"350" ...

well, then we play password games in different leagues

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

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...

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: pgb on June 02, 2014, 03:17:11 PM

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.

Quote from: instacalm on June 02, 2014, 03:23:20 PM

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.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: TwinWinNerD on June 02, 2014, 03:21:21 PM

Quote from: TwinWinNerD on June 02, 2014, 03:21:21 PM

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.

You are assuming that NEM should be worth the same as NXT right now. On what basis?

For some magical reason people seem to have the wildest predictions for the "NEM price after launch"

Yes, and I have trouble understanding how this could have happend. The devs were not really talking about the price at all, so the people have developed a certain dynamic that led to speculating about something that is not possible to speculate about.

instacalm

hero member

Activity: 798

Merit: 500

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.

You are assuming that NEM should be worth the same as NXT right now. On what basis?

For some magical reason people seem to have the wildest predictions for the "NEM price after launch"

McDoxy

member

Activity: 96

Merit: 10

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?

buying a token is basically a pre-order for the actual NEM ... the exchange rate for one token is exactly one NEM stake (1000000 NEM), so the value of both are the same ... if one token has value, then one NEM stake automatically has value even though it's not delivered to you yet. So saying NEM has value of 0 right now is simply not true. Otherwise the tokens would have a value of 0.

And his projection is basically just wishful thinking. Nobody knows what will happen and how much NEM will be worth. But right now one NEM stake is one token worth.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

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.

You are assuming that NEM should be worth the same as NXT right now. On what basis?

pgb

full member

Activity: 212

Merit: 100

Quote from: mr smith on June 02, 2014, 02:28:36 PM

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. And I won't start listing the amount of things you can buy that do not exist at the time of purchase. We can start with a house, you continue from there.

utopianfuture

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.

Pic removed. sorry

Simakki

hero member

Activity: 697

Merit: 500

Quote from: bandar on June 02, 2014, 02:01:16 PM

Quote from: Simakki on June 02, 2014, 01:22:28 PM

Quote from: bandar on June 02, 2014, 01:18:17 PM

Just install NXT client and run the AE...I mean, how hard can it be? If you're going to make tokens for tokens for NEM, will that make things easier for people who aren't able to open a 1 click client?

And Gorillajam: stfu, no one is really listening to you... So sad, little trolls screaming to buy their little coins nagging about other little coins.

But buying NXT aint that easy if you dont have BTC already...

He (UP) was talking about buying NEM with BTC, not fiat. If you can figure out to get BTC, you can get NEM. btc-->bter-->download next-client-->send nxt form bter to client-->AE. Half an hour of clicking and following instructions...

Making things as easy as possible for new users is key.

We need to embrace all avenues of distribution not just tokens via AE.
for a new user
1 exchange fiat - btc
2 exchange btc - nxt
3 exchange nxt - NEM token
4 exchange token - NEM
bit of a process and time consuming seeking fair prices, for average joe right now.

I mean that it is lots of easier to buy first BTC, straight via bank transfer and after that change to the NEM in some site made only that purpose.

For instance, when total newbie take a look at sites like BTER, im pretty confident that first thought would not be like "im gonna put my hard earned money there".
Do you see your mom or dad using site kind like that or professional looking site with clearly instructions how to buy NEM etc ? Grin

And newcomers have to deal with nxt-client and asset exchange, which aint that easy to use if you are complete new to cryptos...

utopianfuture

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 ?

nutildah

legendary

Activity: 3010

Merit: 8114

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?

zoata87

legendary

Activity: 1218

Merit: 1004

0.5 USD in 2-3 years, now trolls will come Cheesy

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.

nutildah

legendary

Activity: 3010

Merit: 8114