Where is the option to go back to the drawing board, remove the IPO, reissue NEM as proof of work for distribution, then convert to proof of stake once all shares have been mined?
There is no option for this because the developer wants money. How much did he get? Like 100 BTC? More? How is that a "New Economcy Movement". He's issuing currency for profit. That's an old economy movement. Ultracoin, Coinye, many others have all done the same thing. They're all referred to as scammers. Is it any different because the thing is written in Java? That's not a "feature", that's just another negative to add on the stack.
There is no option for this because the developer wants money. How much did he get? Like 100 BTC? More? How is that a "New Economcy Movement". He's issuing currency for profit. That's an old economy movement. Ultracoin, Coinye, many others have all done the same thing. They're all referred to as scammers. Is it any different because the thing is written in Java? That's not a "feature", that's just another negative to add on the stack.
100 BTC belong to the NEM community not the developers. If you want to develop NEMcoins and apps for the community, that money could be given to you. We have no new codes yet so it is not like developers trying to sell the coin/ software they already made. People with a shared idea chipping money together to make something great. Is that concept too difficult to understand to you ? BTW, this is an open invitation to join NEM development team if you share the same idea with the NEM community. We always need talented developers and helpers.
About mining, thank you but NO. What's the purpose of running useless calculation? especially if we don't need to. "I don't think this world needs people just to waste CPU time and electricity with no purpose" .
