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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1585. (Read 2985369 times)

hero member
Activity: 588
Merit: 500
This thread has made me sad to see the past few days which is why I have not posted. I think it is just an inevitable part of the redemption process that all this fighting will occur. Once this is behind us everyone will forget about it and we can move on and start to really try and do what NEM has set out to do.

I'll really be glad to just get this over with. People are acting like it is an easy thing to manually redeem 3000+ stakes and distribute coins for them for a small handful of volunteers. The main thing I don't understand is those who are getting so riled up over unclaimed stakes which, if you are here getting riled up about it, should not even be a problem for you. There are going to be unclaimed stakes, just face it. There are plenty of people who paid the fee to join NEM and forgot about it or just do not care. Forget about them. What have they even done to deserve 1 million NEM other than paying an insignificant fee? If they want to get some NEM later when they realize its true potential and value then they can buy in and/or harvest like everyone else. In these early days of NEM, we need people who are dedicated to making NEM something used by every single person on the planet, not a bunch of people sitting around waiting on the rest of us to make them millionaires or billionaires. Of course, this entire movement is about financial freedom, but nobody ever said it was the "sit around and do nothing and get rich movement", particularly for us initial stakeholders.

I really wanted to try and make this the one crypto community that was friendly, nice, and free of all the bickering and drama of literally every other crypto community out there (something even Dogecoin could not manage to maintain). But, now I see that once money is involved, greed takes over as part of human nature and the fighting begins. That's a very sad fact for me to face, but I suppose I have to realize I can't expect everyone that comes here to be friendly and that trolls are an inevitable nature of the anonymity of the Internet. I'm still going to try and do whatever I can to keep this a friendly place though, even if a lot of you who are suddenly appearing over the past few days are completely undermining everything I've been trying to do over the past few months to keep this a civil place of friendly discussion and forward thinking.

Honestly, if we sit around here fighting about unclaimed stakes forever what kind of change are we making in the world? We should be sitting here talking about new and interesting ways that we can use NEM and its blockchain technology to help the other billions of people in the world live a better life, instead of trying to make sure sockpuppet1234 gets his or her unclaimed stake. Try to open your eyes and look at the bigger picture, because fighting for one random person who happened to invest a miniscule amount into NEM on BTT months ago and who obviously does not care about anything related to this movement get his or her 1 million NEM is extremely short-sighted and is not helping ANYONE.
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
Those having problems running the beta client, are you using java 8?  I ran mine on linux without any problems except for harvesting is not working and maybe its not supposed to work yet.

Harvesting works, it's just that it starts working after 24h.
legendary
Activity: 2632
Merit: 1023
you just can seize stakes that have been paid for by NXT or whatever. Sure you can charge a reasonable holding in the don't turn up, or admin fee.

Don't go seizing them though.

Perhaps you could buy them back and hold the funds to give them back in funds purchased but this is second guessing what the purchaser wanted.

Things happen people don't log on.

I am you could say quite regular, but haven;t had nearly as much time as I would like to follow nem

Deadlines could only be used if they were clearly articulated at the the beginning eg terms and conditions of IPO
Dohhhhhhhhhhhh.......it wasn't an IPO......for the gazillionth time.......

what was it then?

it was a call for participation. not an ipo.

in an ipo you get a number of shares/coins that is directly corrolated to the amount you invested.

people payed a variable fee (that increased over time from 0 - ~700nxt) to join the movement. the benefit of join said movement is that you are allocated 1 million nem for your participation. every see "dallas buyers club"? so you did not invest and get 1 million in return for an investment. you  payed a nominal fee to join a movement and it just happens that one of the perks is getting 1 million nem. there is no legal binding in this deal that stakes must be held for x time..

Unless there was a specific statement to the effect non claimed stakes could be seized, the "join the movement" heading does not change this. Part of the joining was a precise numerical  equation based on given certain number of NXTs or something for something else. The Dallas buyers club is irrelevant, as it was not in the terms on nem.

Your claim

"you did not invest and get 1 million in return for an investment. you  payed a nominal fee to join a movement and it just happens that one of the perks is getting 1 million nem"

is orthoganal to the terms of NEM which stated exactly that you get a stake in nem for a certain consideration, you even note the variable fee

I note in to original thread post that it says
Quote
3. How can I get my shares ?

"You will need to access your BTT account to send a PM or make a post confirming the ownership of the account to claim your share. Detail instructions in an announcement will be posted here, NEM reddit, NEM facebook, ournem website and the announcement will last at least 1 month. It is your responsibility to read and follow the instructions to claim your shares. So please check back frequently. Thanks."

so this is to claim shares, and does cast responsibility back, however it does not set out what can be done if you don't claim shares. As usual terms are not complete confusion follows. Alts defn need some legal help, just for the sake of haveing better terms that stop things later. And by legal I mean not for court legal, but for experience to set out good terms.

however I don't know if this was edited in later.....probally not.

It is still better not to sieze stakes. Look at those people who bought in BTC early and forgot about if for years. they still have them if they kept the private keys.
legendary
Activity: 1568
Merit: 1002
I created a real NEM address and a private/public key.

But the client gives a warning. Can I send the NEMstake to the created address safely?

I'm waiting with my NXT wallet open and ready to redeem my NEMstake. Can anyone confirm that I can ignore those errors, because I managed to create a real NEM account?




the errors(nis not booted)  don't affect the creation of real account info afaik
member
Activity: 112
Merit: 10
Those having problems running the beta client, are you using java 8?  I ran mine on linux without any problems except for harvesting is not working and maybe its not supposed to work yet.
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
Guys, let's not make this a fight between NEM and Nxt again, cause it's not. This is not a zero-sum game, hence bashing other coins is not necessary for winning.

Not fighting. Just an advice. It would be handy if there is a readme for people like me who never started the NEM client before.

Yeah, that's a good advice. My post was not directed at you. Last few pages discussion drifted to NEM is way ahead of Nxt and better and etc. Right now we need to focus on NEM, the launch is approaching and there are still lots of things to do. The dev team is especially busy, fixing and refining things and preparing NEM for the launch. The marketing team is also busy preparing some good stuff to accompany the the dev work.

That said, we are always eager and interested in hearing honest and intelligent opinions/feedback and really appreciate when we see it. Please also note that among the people who care and offer thoughtful criticism, there are also lots of trolls who neither care, nor want to help, but try to induce fear, uncertainty and doubt. As with every serious project we've had our fair share of challenges but have managed to overcome them and move forward, thus, we are very close to a major milestone for NEM, our official launch. We will still face problems and expect a good deal of trolls too, but we'll do our best to keep moving forward, this is what we do.
legendary
Activity: 1700
Merit: 1075

What is the deadline to submit the NEMstake?

I'm having a issue with cliente NEM. It impossible the creation of real NEM address.
hero member
Activity: 616
Merit: 500
Guys, let's not make this a fight between NEM and Nxt again, cause it's not. This is not a zero-sum game, hence bashing other coins is not necessary for winning.

Not fighting. Just an advice. It would be handy if there is a readme for people like me who never started the NEM client before.
hero member
Activity: 616
Merit: 500
I created a real NEM address and a private/public key.

But the client gives a warning. Can I send the NEMstake to the created address safely?

I'm waiting with my NXT wallet open and ready to redeem my NEMstake. Can anyone confirm that I can ignore those errors, because I managed to create a real NEM account?



hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.
Guys, let's not make this a fight between NEM and Nxt again, cause it's not. This is not a zero-sum game, hence bashing other coins is not necessary for winning.
hero member
Activity: 616
Merit: 500
https://forum.nemcoin.com/index.php?topic=2546.0;topicseen

One click install doesn't work. Nothing appears when I click at nem-monitor.

Standalone version is not user friendly. There is no readme like in NXT. How can I get it working?

EDIT: nevermind. I started NCC and NIS. There was an IP address in the command prompt. Wrote that down and it worked.


did you RIGHT CLICK on the nem monitor icon in the icon tray? Roll Eyes

There is no icon created.
legendary
Activity: 1568
Merit: 1002
https://forum.nemcoin.com/index.php?topic=2546.0;topicseen

One click install doesn't work. Nothing appears when I click at nem-monitor.

Standalone version is not user friendly. There is no readme like in NXT. How can I get it working?

EDIT: nevermind. I started NCC and NIS. There was an IP address in the command prompt. Wrote that down and it worked.


did you RIGHT CLICK on the nem monitor icon in the icon tray? Roll Eyes
hero member
Activity: 616
Merit: 500
https://forum.nemcoin.com/index.php?topic=2546.0;topicseen

One click install doesn't work. Nothing appears when I click at nem-monitor.

Standalone version is not user friendly. There is no readme like in NXT. How can I get it working?

EDIT: nevermind. I started NCC and NIS. There was an IP address in the command prompt. Wrote that down and it worked.
legendary
Activity: 1568
Merit: 1002
abstraktalias

its fairly obvious to me that you are a sock account(not accusation, just opinion).. if i am right, which i think i am, may i ask why you chose not to post from your real account?

newbie
Activity: 50
Merit: 0
So just to clarify. I can use the same address I used on AE to claim my BBT stake holder account too
hero member
Activity: 497
Merit: 501
The thing is regardless of how active or not those initial investors are/were they still providing something, their initial investment (in BTC), which allowed the project to be developed further.  That initial funding is participating in a sense, though indirectly.  

If it was my project I'd want to thank those people who initially had faith in me, by making sure they got a return on their investment.  

I think we both know it doesn't work this way. People buy into IPO's to dump later at a higher price. It's why NEM called it a "Call to participation" - it was asking people to invest and show interest in it as a community, to participate in this community, to encourage people to work on it's ecosystem and to help prevent people dumping for some quick fiat. Simple "investing" just doesn't cut it anymore. For many people that investment is just a means to an end; to cash out.

It's really not a huge burden on the developer's part either. You give a month to the active community to claim their stake before official launch and then hold the unclaimed ones and distribute them once a month there after.  It's not a daunting task or an unreasonable request.

I think the devs have expressed reasons why this isn't the case. Although i wish i could believe you otherwise.


Anyways it's a mute point for me as I'm not on that original list, but I also still want to see the issue dealt with properly as I can't imagine the solutions suggested so far would do anything to help the reputation of NEM in the future.

Learn from NXT's mistakes, that's always been NEM's advantage.  

In all fairness i think this is precisely why this discussion has gone on for so long (ironically, there appears to be hardly any hint of it on the NEM forums - where ideally it should be).

Given NEM's development and distribution thus far, it's leagues and bounds away from what NXT ever was.
newbie
Activity: 40
Merit: 0

For those people the same amount of BTC was still in their wallets, providing they could access them (i.e. didn't throw out the hard drive/PC that held them).  

This is just sheer negligence - negligence that shouldn't be a burden on the developers part. It is the investors responsibility, not theirs.

If i were an investor in anything, i'd be making more of an effort on my part to at least follow it on a weekly or at least monthly basis, especially in a fast paced and rather volatile market such as crypto's. BTC was also a major exception to the rule - there were no crypto markets then, peoples negligence was somewhat justified. Things are different now.


Some people have lives that don't allow them the free time to post on BTT on a daily basis. Most accounts here on BTT (roughly 99%) that are active on a daily basis are newbies, day traders, sockpuppets, scammers, fraudster and charlatans. NOT INVESTORS.  Anyone who thinks otherwise in beyond naive.

So is it really so demanding that they at least spend a few hours a night, maybe once or twice a month, to follow their investment and the terms in which they may need to abide by to claim? How is it possibly the fault of the devs if people are so flippant and care free that they just throw money at projects and expect -- no, demand -- some sort of reimbursement of what little efforts they put in?

Come up with a reasonable solution to deal with unclaimed stakes.  Don't redistribute them to other investors. Don't keep them for yourselves to help develop NEM.  

I do believe it's ultimately the people who participate in these currencies that make them what they are - which is why, to some extent, i'm with you on not keeping it aside as a "development fund".

However, given that too many people just throw money at this project, and not follow it, are they really individuals who can provide something to NEM and it's ecosystem? or have they proven that they're simply in it for a quick buck, their own gains, and washing their hands of it once they're satisfied? At least having some sort of redemption limit, some sort of terms that it requires people to show some vested interest.

How this distribution is dealt with will determine whether or not I'll remain interested in NEM longterm.  

In the end, this is what most people will do regardless of the outcome. It's unfortunate you'd feel that way but really, in my perspective; it's your loss.  




Thanks for the well thought out replies.  I actually appreciate the fact that you answered them logically. 

The thing is regardless of how active or not those initial investors are/were they still providing something, their initial investment (in BTC), which allowed the project to be developed further.  That initial funding is participating in a sense, though indirectly. 

If it was my project I'd want to thank those people who initially had faith in me, by making sure they got a return on their investment. 

It's really not a huge burden on the developer's part either. You give a month to the active community to claim their stake before official launch and then hold the unclaimed ones and distribute them once a month there after.  It's not a daunting task or an unreasonable request.

Anyways it's a mute point for me as I'm not on that original list, but I also still want to see the issue dealt with properly as I can't imagine the solutions suggested so far would do anything to help the reputation of NEM in the future.

Learn from NXT's mistakes, that's always been NEM's advantage. 
hero member
Activity: 742
Merit: 500

The truth is it doesn't matter what we do. People will come and say it was unfair we didn't give them enough time and we hare literally Hitler. It's frustrating but that how btt works. Time to leave btt and completely communicate over forum.nemcoin.com.

you are all Hitler! Go hiding! Grin

Grow some skin, man.  Wink

Generally: if you let people vote over a problem nobody can say a lot because 'democracy'  Smiley  Just an idea.

A vote is a good way to proceed for sure, but i do ask myself - how many (legitimate people ) will actually participate in that vote?

I do wonder maybe few will, which leads me to believe this whole redemption issue is only pressed by a minority of people. I am happy to be proven wrong though in this regard.

well, only people holding nem should be voting of course. You can even vote on the chain maybe.
hero member
Activity: 497
Merit: 501

The truth is it doesn't matter what we do. People will come and say it was unfair we didn't give them enough time and we hare literally Hitler. It's frustrating but that how btt works. Time to leave btt and completely communicate over forum.nemcoin.com.

you are all Hitler! Go hiding! Grin

Grow some skin, man.  Wink

Generally: if you let people vote over a problem nobody can say a lot because 'democracy'  Smiley  Just an idea.

A vote is a good way to proceed for sure, but i do ask myself - how many (legitimate people ) will actually participate in that vote?

I do wonder maybe few will, which leads me to believe this whole redemption issue is only pressed by a minority of people. I am happy to be proven wrong though in this regard.
hero member
Activity: 742
Merit: 500

The truth is it doesn't matter what we do. People will come and say it was unfair we didn't give them enough time and we hare literally Hitler. It's frustrating but that how btt works. Time to leave btt and completely communicate over forum.nemcoin.com.

you are all Hitler! Go hiding! Grin

Grow some skin, man.  Wink

Generally: if you let people vote over a problem nobody can say a lot because 'democracy'  Smiley  Just an idea.
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