I can wait. Not a problem at all. This project has gained a lot of trust from me.
+1
Yes, the time is not a problem, this project is a good project, a great good work, good luck!
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 78. (Read 661498 times)
May 27, 2014, 09:03:35 PM
+1
Yes, the time is not a problem, this project is a good project, a great good work, good luck!
May 27, 2014, 09:03:07 PM
Just for fun, some statistics concerning the NEM subreddit:
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
If we multiply that with the market caps of those two currencies we pretty much exactly get an estimated market cap of $9 million for NEM (for both values).
NXT barely uses their sub. All of their activity is at nxtforum.org. NEM will be 1-2M. I would compare it to NAS maybe multiplied a few times because NEM has a stronger following now.
May 27, 2014, 08:45:25 PM
so closed alpha running smooth without any big probs?
There are no huge design problems so far, but rather just the usual assortment of software bugs that are typical when building anything of moderate complexity. Overall, I would say that things are more stable than I had anticipated, which is good news!
Good news!
May 27, 2014, 08:14:21 PM
NEM community:
I would like to unofficially nominate user kodtycoon as a NEM ambassador to the Nxt community.
He is an investor in both communities and knows the ecosystems. He is driven, and his enthusiasm would serve the NEM community very well to our cousins on the other side of the crypto fence. Kodtycoon (aka ForrestGump at the Nxt forum) is respected member of the Nxt community and would serve as a fine liaison. Over the months, he will develop a natural cross-community outreach as more NEM features are released.
As part of this nomination, I'd like to pledge 10% (100,000) of my stake and would hope to have a minimum of 9 other users match this pledge, so Kodtycoon could receive an additional full stake to serve as an ambassador. Hopefully, it would not be that much extra work for UP and his team to issue .9 stakes to the 10 (or more) people who would pledge.
What do you all think of this proposal? This will be completely user funded, with no community funds to be used or expectations to be set. He will act as an autonomous free agent (a role he's already fulfilling quite well).
Please see my proposal to kodtycoon over at the NEM Asset Exchange thread at the nxt forums.
Thanks!
I would like to unofficially nominate user kodtycoon as a NEM ambassador to the Nxt community.
He is an investor in both communities and knows the ecosystems. He is driven, and his enthusiasm would serve the NEM community very well to our cousins on the other side of the crypto fence. Kodtycoon (aka ForrestGump at the Nxt forum) is respected member of the Nxt community and would serve as a fine liaison. Over the months, he will develop a natural cross-community outreach as more NEM features are released.
As part of this nomination, I'd like to pledge 10% (100,000) of my stake and would hope to have a minimum of 9 other users match this pledge, so Kodtycoon could receive an additional full stake to serve as an ambassador. Hopefully, it would not be that much extra work for UP and his team to issue .9 stakes to the 10 (or more) people who would pledge.
What do you all think of this proposal? This will be completely user funded, with no community funds to be used or expectations to be set. He will act as an autonomous free agent (a role he's already fulfilling quite well).
Please see my proposal to kodtycoon over at the NEM Asset Exchange thread at the nxt forums.
Thanks!
May 27, 2014, 08:11:53 PM
so closed alpha running smooth without any big probs?
There are no huge design problems so far, but rather just the usual assortment of software bugs that are typical when building anything of moderate complexity. Overall, I would say that things are more stable than I had anticipated, which is good news!
Good news!
May 27, 2014, 08:10:50 PM
I'm excited about all the good news.
Lets just send a copy of our logo over to 99 designs.
For $250 (.5 BTC) we would have many great choices to choose from!!
Thoughts?
Lets just send a copy of our logo over to 99 designs.
For $250 (.5 BTC) we would have many great choices to choose from!!
Thoughts?
May 27, 2014, 07:36:47 PM
so closed alpha running smooth without any big probs?
There are no huge design problems so far, but rather just the usual assortment of software bugs that are typical when building anything of moderate complexity. Overall, I would say that things are more stable than I had anticipated, which is good news!
May 27, 2014, 07:34:14 PM
Just for fun, some statistics concerning the NEM subreddit:
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
If we multiply that with the market caps of those two currencies we pretty much exactly get an estimated market cap of $9 million for NEM (for both values).
If we calulacte the market cap of NEM with the size of this thread vs the old NXT thread we get: $6 million for NEM.
(talk about pulling numbers out of the hat )
Lets see. If that worked, we could pick coins that would give us bad numbers.
How many subscribers mintcoin reddit has? http://www.reddit.com/r/MintCoin/
and how many posts in mintoin btt thread? https://bitcointalk.org/index.php?topic=450381.0;topicseen
mintcoin market cap? $ 565,034
that gives us a market cap of .. ?
I think these kind of correlations are more incidental or random than they seem. Indeed, we all know that correlation does not imply causation, still we are very prone to getting fooled by randomness.
Here's a quite fascinating list of correlations outlining that point: http://www.tylervigen.com/
Sample size of 2 has no statistical power.
May 27, 2014, 07:16:00 PM
Just for fun, some statistics concerning the NEM subreddit:
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
If we multiply that with the market caps of those two currencies we pretty much exactly get an estimated market cap of $9 million for NEM (for both values).
It would be amazing if reddit subscribers correlated with market cap. I somehow doubt there is a strong causal relationship, though.
May 27, 2014, 07:09:54 PM
I would like to set a bounty for making an investor's handout based on the information in NEM summary
https://docs.google.com/spreadsheets/d/1A9p6QZcUoDvezVMUsp2kYaF8g_jTNPFPL5e3Tli-jaI/edit#gid=0
The handout should be professionally done 3-4 pages long. Is 0.5 BTC good enough ? Who want to do it ? it should be done within 1 week. I am available for a chat if more information is needed.
Where should I post this to get more attention ?
https://docs.google.com/spreadsheets/d/1A9p6QZcUoDvezVMUsp2kYaF8g_jTNPFPL5e3Tli-jaI/edit#gid=0
The handout should be professionally done 3-4 pages long. Is 0.5 BTC good enough ? Who want to do it ? it should be done within 1 week. I am available for a chat if more information is needed.
Where should I post this to get more attention ?
Has anybody claimed the bounty yet?
There's this
I would like to set a bounty for making an investor's handout based on the information in NEM summary
https://docs.google.com/spreadsheets/d/1A9p6QZcUoDvezVMUsp2kYaF8g_jTNPFPL5e3Tli-jaI/edit#gid=0
The handout should be professionally done 3-4 pages long. Is 0.5 BTC good enough ? Who want to do it ? it should be done within 1 week. I am available for a chat if more information is needed.
Where should I post this to get more attention ?
https://docs.google.com/spreadsheets/d/1A9p6QZcUoDvezVMUsp2kYaF8g_jTNPFPL5e3Tli-jaI/edit#gid=0
The handout should be professionally done 3-4 pages long. Is 0.5 BTC good enough ? Who want to do it ? it should be done within 1 week. I am available for a chat if more information is needed.
Where should I post this to get more attention ?
Did an infographic:
https://infogr.am/nem-essentials-for-the-investor?src=web
but I'm not sure if UP saw it.
Right, saw that, thanks for the infographic.
But that's not an investor's handout as far as I can tell.
Agreed but UP wanted one based on the info in the summary so it seems to me that it's exactly what he wanted.
I told a friend about the investors handout and he is working on a ~4 page handout as we speak!
May 27, 2014, 06:57:21 PM
Couldn't this be an order that gets pulled in two days? Just there to drive the price up?
On a side note: No Envy Movement, New Economy Movement. Anyone here should keep that in the back of their heads while seeing offers like this. Don't forget where we came from
Greed is the single most important driving force behind the crypto movement. As long as we acknowledge that and as long as we manage to contain that that's no real problem at all. It takes effort though.
On a side note: No Envy Movement, New Economy Movement. Anyone here should keep that in the back of their heads while seeing offers like this. Don't forget where we came from
Greed is the single most important driving force behind the crypto movement. As long as we acknowledge that and as long as we manage to contain that that's no real problem at all. It takes effort though.
May 27, 2014, 05:36:18 PM
I can wait. Not a problem at all. This project has gained a lot of trust from me.
+1
May 27, 2014, 05:24:03 PM
so closed alpha running smooth without any big probs?
May 27, 2014, 05:20:41 PM
closed alpha > public alpha > beta > nem launch
or
closed alpha > public alpha > nem launch/beta
or
closed alpha > public alpha > nem launch/beta
actually it'll be something like
alpha p0 -> 1-? weeks -> alpha p1 -> (hopefully) 1-2 weeks -> alpha p2 -> indefinite -> beta (nem launch) -> indefinite -> V1 blockchain
May 27, 2014, 05:12:22 PM
They're selling tokens which represent 1,000,000 NEM. These tokens are available to trade. If you bought a token then you'd be able to trade that token for NEM come the launch. 1000 of these tokens were issued. This system allows people to trade and establish a price for NEM in a roundabout way prior to launch.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
Yes I understand, but what i'm trying to say is that there won't be any sellers till 30th of May, so you can place any buy bid before that day simply to cheer up everybody here or just for fun, and then remove it. So unfortunately these 60000Nxt offers mean nothing right now?
thank you for the link, i was trying to understand which one of these is correct
closed alpha > public alpha > beta > nem launch
or
closed alpha > public alpha > nem launch/beta
Yes, you're right, I just checked the other thread out (here). There's no sell orders because the tokens won't be issued until the 30th May; there's nothing to sell yet.
May 27, 2014, 05:07:38 PM
They're selling tokens which represent 1,000,000 NEM. These tokens are available to trade. If you bought a token then you'd be able to trade that token for NEM come the launch. 1000 of these tokens were issued. This system allows people to trade and establish a price for NEM in a roundabout way prior to launch.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
Yes I understand, but what i'm trying to say is that there won't be any sellers till 30th of May, so you can place any buy bid before that day simply to cheer up everybody here or just for fun, and then remove it. So unfortunately these 60000Nxt offers mean nothing right now?
thank you for the link, i was trying to understand which one of these is correct
closed alpha > public alpha > beta > nem launch
or
closed alpha > public alpha > nem launch/beta
The account (NXT-XMYP-W4MM-GV5Q-8CF6U) which placed the buy order @ 60.000 NXT seems to have insufficient funds (balance 4.455 NXT)
May 27, 2014, 04:49:52 PM
They're selling tokens which represent 1,000,000 NEM. These tokens are available to trade. If you bought a token then you'd be able to trade that token for NEM come the launch. 1000 of these tokens were issued. This system allows people to trade and establish a price for NEM in a roundabout way prior to launch.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
Yes I understand, but what i'm trying to say is that there won't be any sellers till 30th of May, so you can place any buy bid before that day simply to cheer up everybody here or just for fun, and then remove it. So unfortunately these 60000Nxt offers mean nothing right now?
thank you for the link, i was trying to understand which one of these is correct
closed alpha > public alpha > beta > nem launch
or
closed alpha > public alpha > nem launch/beta
May 27, 2014, 04:21:55 PM
want to be a Closed Alpha tester, how i can become it?
Sorry - it's impossible. It shouldn't be too long to the open alpha though.
Whitepaper WON'T be published until beta is ready (which probably will be in August)
could you please explain the difference between alpha and beta?
current market cap going by highest bid(60,000k nxt) puts nem in #12 marketcap @ >9m dollars! h o l y g a w d
You sure that's a bid price and not and ask price? I don't own any NXT so I don't have a client to check the AE.
It is a bid price, but currently these bids mean nothing because there is nothing to sell right now?
Someone could place a 1 million nxt per share bid just for fun, correct me if i'm wrong
They're selling tokens which represent 1,000,000 NEM. These tokens are available to trade. If you bought a token then you'd be able to trade that token for NEM come the launch. 1000 of these tokens were issued. This system allows people to trade and establish a price for NEM in a roundabout way prior to launch.
You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.
By the way, look at my previous post for a description of alpha and beta software.
May 27, 2014, 04:16:01 PM
current market cap going by highest bid(60,000k nxt) puts nem in #12 marketcap @ >9m dollars! h o l y g a w d
You sure that's a bid price and not and ask price? I don't own any NXT so I don't have a client to check the AE.
Here you go: http://nextblocks.info/#section/assets_exchange/12465186738101000735
current market cap going by highest bid(60,000k nxt) puts nem in #12 marketcap @ >9m dollars! h o l y g a w d
You sure that's a bid price and not and ask price? I don't own any NXT so I don't have a client to check the AE.
Thanks guys! Yeah, that's a $9,200,000 market cap already... I'm cautiously optimistic about this.
Ideally we'll all get out of the habit of referring to the 'marketcap' of NEM in dollars. NEM is meant to be a currency, not a stock or commodity. When have you heard of people referring to the 'marketcap' of USD or GBP?
May 27, 2014, 04:11:22 PM
want to be a Closed Alpha tester, how i can become it?
Sorry - it's impossible. It shouldn't be too long to the open alpha though.
Whitepaper WON'T be published until beta is ready (which probably will be in August)
could you please explain the difference between alpha and beta?
current market cap going by highest bid(60,000k nxt) puts nem in #12 marketcap @ >9m dollars! h o l y g a w d
You sure that's a bid price and not and ask price? I don't own any NXT so I don't have a client to check the AE.
It is a bid price, but currently these bids mean nothing because there is nothing to sell right now?
Someone could place a 1 million nxt per share bid just for fun, correct me if i'm wrong
Would be a b*tch if NEM was released on the AE and someone would be able to sell whilst he/she was sleeping
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