Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1545. (Read 2985369 times)

What's wrong with 10 Billion?

So now when's the official launch? Official Launch was slated for late October, it's now 1/3 into November and still no launch?

Make it 8 trillion.

Make it 8 trillion.

Hello.

I have voted for 8 billion NEM.
Why the people that thinks this will lower the value of NEM haven't voted or
proposed to have 4 NEM in total. According to this logic NEM should
be the most valuable crypto coin if there are only 4 NEM in circulation.
or even if there are all 4 nem in one account.

Do you people think that the value of a coin comes out only from the number of the coins?
Don't you thinks that the value comes out of the usage of the coin?

SO tell me why should I buy NEM which is expensive because there are only few?!
Tell me for what can I use NEM for?

Can i buy gas? NO
Can i buy food ? NO
Can i buy clothes ? NO
Can i pay the bills ? NO
Then what is it for what can i do with NEM and from where the value comes out?

Have you people asked yourself this questions?
Have you asked what can I do to make NEM valuable.
Don't you think that  the value of NEM will increase when the answers to the above questions
will be all YES?

I'm in favor for inflation from 0.1% to 1% maximum but this depends of coin usage
and the economy expansion. And if NEM will be successful wide adopted
and used like currency then inflation is inevitable to keep more stable price.

But if the things are like Makoto mentioned that the inflation can be generated out colored coins also then
we should not have inflation in NEM beacsue this will increase inflation even more.

Exactly, the top coins are in the millions, not billions.

Currently, there are 13.4 million bitcoins, and it seems to be doing ok.

If anything, I'd rather see a lot less nemcoins, more like 4 million, instead of 4 billion. I fear we're diluting it's value.

Just my two cents.

make it 80 billion, just in case ... 


... and don't forget to change it later ...

This a really amazing idea to me.  I figured out that if there are 4 billion coins that 0.1% inflation per year could go as a node reward no problem, possibly even more.  I think nobody can really get upset about a tenth of a percent of inflation.  The plus side is that would be just a little over 10,000 NEM a day.    If the amount of coins is 8 billion, then that number goes up to 20,000 NEM a day.  This actually is a kind of nice amount of NEM.

I think the best way is that once a day, always at a random time that nobody can know, a network sweep is done for nodes and that 10,000-20,000 NEM is divided equally between all nodes, rich or poor, all alike would get a reward. I could even easily double those numbers and not even think twice about it.  This could also dramatically cut down on the whole "faucet" thing.  Instead of people going to some website and going through silly motions or putting a silly signature on their profile, they can just leave a very lightweight client running in the background and get free coins.  

For instance, I once checked into NXT and found out they usually have less that 200 hallmarked nodes at any time (hallmarked nodes are the ones your really need because while anybody can forge, only hallmarked nodes support the network).  One reason for that is that in NXT making a hallmarked node is very difficult and only really for the more advanced techies.  But in NEM getting the node to be hallmarked is like 10 times easier (still took me a bit to figure out and took many tries, some clear guides with pictures and steps on how to open ports on different popular firewalls and routers would go a long way to making it much easier).  It would be sooooooooo awesome to say that NEM on week one had more nodes up and going than NXT.  And what would the cost be? Very very little in the way of inflation.  

If I had to give it a name, I would call it proof-of-support.  

I can tell you right now for a fact 100%, that if I could have gotten 20-100 NXT a day just for leaving a client going, I would have had it running in the background of my computer all the time, anytime I had the computer on.  I also would have been much, much, much, more active in their community.  After a long time in NXT, I forged three blocks, all for 0 fees.  Made me so frustrated I turned it off and started looking at their forum far less.  How many more people were like me?  NXT's system is set up in a way where the rich just get richer.  We have a chance do do something about that here and give regular people a chance to become something too, especially if they are in on NEM early.  

One of my majors in university was Psychology.  It has been proven time and time again, if you get people to do a little something for you, they are more invested in you and will do a big something later on.  This is one of the oldest tricks of manipulators around the world.  New religious movements do it constantly.  Those people that come knocking on your door trying to convert you, the church doesn't send them out to your house for your salvation.  The church sends them out to your house to solidify the faith of the person knocking.  That is why there are always two, an established church member and a newbie.  The newbie by knocking on the doors becomes soooo invested in the church that they are much much more likely to give the church money later.  

The Mormoms famously send out all their young for two years to proselytize.  After this intense experience, they are much more likely to not ever leave the church but instead more likely to donate money to it.  It is one of the richest churches in the world because of this despite being so small (I have another degree in world religions).

My point is, if we can get people running NEM in the background, they will be much more likely to follow our posts, join the community, and even contribute more.  A very small inflation of less than one percent given to people that support NEM would actually make NEM much more valuable, not less valuable.  

I support this idea 100%.

Good day. How to extract this coin?

Just check the amount of the coins in top 10 in CMC.......

Changing to 8b = controversial.

Sticking to 4b = not controversial.

We should avoid any possible controversial changes at this late stage. It's been well and truly ingrained into people that it is 1m nem per stake. Changes to that May just cause more controversail situations and unnecessary confusion. That is reason enough to stick with 4b. Also it's going to cause confusion for months after cos some people will still think it's 4b the same way that some still think nem is a clone. This stuff sticks..

Plus many many people won't know about the change, assume they got double by mistake
And could end up dumping the extra cos they think it's free profit..

Is that not a compelling reason to stick with 4?

-1

Digital currencies already have a lot of inflation from the exchanges creating fake coins.  Then velocity is unpredictable as formally dormant & hibernating whales come out of nowhere to dump their BTC and other coins.

You do know that 0.1% means 10%, correct?  Nobody is going to touch NEM if that were the case and I will tell you why.  There's already several 10% to 25% PoS coins and they often do worse than their lower interest or low-rate PoW counterparts.


People don't even want 1% inflation in cryptos.  Have to realize a lot of people coming into digital currencies are investors with diversified holdings or people working on their retirement portfolio.  In a nutshell, for that demographic, you have to make digital currencies look more attractive than bonds and investment plans at institutions like Vanguard.