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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1586. (Read 2985369 times)

hero member
Activity: 497
Merit: 501

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.  


newbie
Activity: 40
Merit: 0
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.




What a ridiculous statement.  Roll Eyes

There were many people who bought hundreds or even thousands BTC from 2009-2011 and did in fact forget about it or didn't follow the price fluctuations on a daily basis until BTC started reaching new ATH's and making headlines. Once BTC started to gain some mainstream attention, those same people said "Wait Bitcoin, I think I bought some of those a couple of years ago, let me check."

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).  It's not like the total number of BTC reduced by 25%, 50% then 75% after each month that passed. 

Is it not possible that some people thought that NEM looked like a promising project back in January or February, threw some BTC at it while it was extremely cheap (less than 1 BTC) than simply said I'll check back in 6 to 12 months and see if it's worth claiming or worth anything?  I would think that has happened at least a few times. Part of being a long term investor is not checking the price on a daily basis and just believing that project/company itself has a promising future. 

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.

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.  And don't reduce the number someone bought regardless of how active or not active they are.  Those stakes still belong to them and that's how it should remain.  They should be able to claim them whenever they want period.  No other solution is reasonable.  You can still launch NEM, it's not like unclaimed stakes are holding back the process.   

All other decisions regarding unclaimed stakes are driven by greed and nothing else, which is the opposite if what attracted me to this community to begin with.

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





Blaa blaa, how that "investor" tought that he will have those NEM transfered to him if he didnt pay any attention. Poorly made effort compare with BTC, after launch you could so so but not now

It's not that they thought they should be transfer directly to them, it's that there shouldn't be a deadline for them to claim plain and simple.

Unclaimed stakes have nothing to do with launching NEM. I don't like how immature/greedy people are getting here.  Not looking good.
hero member
Activity: 910
Merit: 1000
NXT = unfair distribution
NEM = fair distribution

do you remember utopianfuture?

So funny Story

back to Fiat this has fair distribution Grin
newbie
Activity: 40
Merit: 0

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.
[/quote]

Yeah I understand where you're frustration is coming from, but this is exactly the wrong way to go about things.

What's wrong with just putting the amount of unclaimed stakes away in storage until people want to claim them? What's the rush to get rid of them?

 
hero member
Activity: 697
Merit: 500
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.




What a ridiculous statement.  Roll Eyes

There were many people who bought hundreds or even thousands BTC from 2009-2011 and did in fact forget about it or didn't follow the price fluctuations on a daily basis until BTC started reaching new ATH's and making headlines. Once BTC started to gain some mainstream attention, those same people said "Wait Bitcoin, I think I bought some of those a couple of years ago, let me check."

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).  It's not like the total number of BTC reduced by 25%, 50% then 75% after each month that passed. 

Is it not possible that some people thought that NEM looked like a promising project back in January or February, threw some BTC at it while it was extremely cheap (less than 1 BTC) than simply said I'll check back in 6 to 12 months and see if it's worth claiming or worth anything?  I would think that has happened at least a few times. Part of being a long term investor is not checking the price on a daily basis and just believing that project/company itself has a promising future. 

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.

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.  And don't reduce the number someone bought regardless of how active or not active they are.  Those stakes still belong to them and that's how it should remain.  They should be able to claim them whenever they want period.  No other solution is reasonable.  You can still launch NEM, it's not like unclaimed stakes are holding back the process.   

All other decisions regarding unclaimed stakes are driven by greed and nothing else, which is the opposite if what attracted me to this community to begin with.

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





Blaa blaa, how that "investor" tought that he will have those NEM transfered to him if he didnt pay any attention. Poorly made effort compare with BTC, after launch you could so so but not now
hero member
Activity: 697
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 might want to take a look at what happened to NEOS after it did something similar.


Why don't we table this discussion over redistribution (which is what this is all essentially about, let's face it - that's why it's so contentious) to after the launch - it's damaging NEM's brand as a refuge from all the other altcoin crap out there, and it's hurting the price.

its not this discussion thats hurting the price, its one whale that had a spontaneous urge to crap all over the market like a rhino with the shkithers..


It's been sliding for 7 straight days:
http://coinmarketcap.com/assets/nemstake/
Doesn't look like the actions of a single whale. Coincides roughly with the resumption of this talk over redistribution.



If you look up, you will be blind if you dont notice how couple of accounts are playin with market. Im happy that we are going to launch soon to get rid of been tied with NXT AE.

Hopefully AE could be more effecient market place without large whales. I mean many of those "assets" seems to share certain similarities with ponzis.
newbie
Activity: 40
Merit: 0
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.




What a ridiculous statement.  Roll Eyes

There were many people who bought hundreds or even thousands BTC from 2009-2011 and did in fact forget about it or didn't follow the price fluctuations on a daily basis until BTC started reaching new ATH's and making headlines. Once BTC started to gain some mainstream attention, those same people said "Wait Bitcoin, I think I bought some of those a couple of years ago, let me check."

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).  It's not like the total number of BTC reduced by 25%, 50% then 75% after each month that passed. 

Is it not possible that some people thought that NEM looked like a promising project back in January or February, threw some BTC at it while it was extremely cheap (less than 1 BTC) than simply said I'll check back in 6 to 12 months and see if it's worth claiming or worth anything?  I would think that has happened at least a few times. Part of being a long term investor is not checking the price on a daily basis and just believing that project/company itself has a promising future. 

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.

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.  And don't reduce the number someone bought regardless of how active or not active they are.  Those stakes still belong to them and that's how it should remain.  They should be able to claim them whenever they want period.  No other solution is reasonable.  You can still launch NEM, it's not like unclaimed stakes are holding back the process.   

All other decisions regarding unclaimed stakes are driven by greed and nothing else, which is the opposite if what attracted me to this community to begin with.

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



legendary
Activity: 1106
Merit: 1000
Positivity needs to return to this thread. The trick is not to go down the rabbits hole of FUD'ers and kind of ignore them, when you try to respond and care what they say they win.
sr. member
Activity: 280
Merit: 250


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 might want to take a look at what happened to NEOS after it did something similar.


Why don't we table this discussion over redistribution (which is what this is all essentially about, let's face it - that's why it's so contentious) to after the launch - it's damaging NEM's brand as a refuge from all the other altcoin crap out there, and it's hurting the price.

its not this discussion thats hurting the price, its one whale that had a spontaneous urge to crap all over the market like a rhino with the shkithers..


It's been sliding for 7 straight days:
http://coinmarketcap.com/assets/nemstake/
Doesn't look like the actions of a single whale. Coincides roughly with the resumption of this talk over redistribution.

legendary
Activity: 1568
Merit: 1002


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 might want to take a look at what happened to NEOS after it did something similar.


Why don't we table this discussion over redistribution (which is what this is all essentially about, let's face it - that's why it's so contentious) to after the launch - it's damaging NEM's brand as a refuge from all the other altcoin crap out there, and it's hurting the price.

its not this discussion thats hurting the price, its one whale that had a spontaneous urge to crap all over the market like a rhino with the shkithers..
sr. member
Activity: 280
Merit: 250


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 might want to take a look at what happened to NEOS after it did something similar.


Why don't we table this discussion over redistribution (which is what this is all essentially about, let's face it - that's why it's so contentious) to after the launch - it's damaging NEM's brand as a refuge from all the other altcoin crap out there, and it's hurting the price.

NEM was advertised to all of us who bought it as being above this shit.
hero member
Activity: 497
Merit: 501
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.




Pretty much spot on.

And NEM was never an IPO as most people who've paid attention are aware - it was a call of participation, to participate in this community and ecosystem. Those who don't only have themselves to blame.

I am glad that the NEM devs take on board the critiscms of those who (not so eloquently) complain about the redemption limits, but as i've said numerous times - there has to be limits here as to how accomodating the devs are. We've seen repeatedly from votes and changes that the devs are prepared to take on board and support those in different circumstances, but now i feel they're being taken for fools, and i certainly wouldn't want this to negatively effect what is a rather democratic process and community. Limits need to be established.

They are being taken for fools.  The original plan was an unapologetic cut off but now you are given 3 months to claim and yet people are now asking for 6 months or indefinitely.  This is a metaphor called: "moving the goal posts"

http://en.wikipedia.org/wiki/Moving_the_goalposts


I'ld say this - if people keep whining about it then the development team should change the 3 months down to 2 months.  If the whining persists then move it down to 1 month.  There is that old saying: "we don't negotiate with terrorists".


Although i do completely agree (and in all honesty, anticipated this sort of thing), i think a large portion of those who complain come from a very vocal minority. People are more content to complain then they are to praise, after all. I think it's important to be aware of this especially if you're in any position of authority.

I'd also like to point out that a large majority of those who do complain come from the capital of FUD; BTT forums. All the more reason why i do encourage people move discussions to the NEM forums, and if there is any discontent among people there, call for votes.

I wouldn't propose that we reduce the timelimit. I think all thats necessary is to openly state a stance, with clear reasons as to why, and leave it at that - any further discussions should be ignored. The time limit was increased, the devs have done what they can to be as fair as possible. People demanding further action is, quite simply, taking the piss.
hero member
Activity: 756
Merit: 506
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.




Pretty much spot on.

And NEM was never an IPO as most people who've paid attention are aware - it was a call of participation, to participate in this community and ecosystem. Those who don't only have themselves to blame.

I am glad that the NEM devs take on board the critiscms of those who (not so eloquently) complain about the redemption limits, but as i've said numerous times - there has to be limits here as to how accomodating the devs are. We've seen repeatedly from votes and changes that the devs are prepared to take on board and support those in different circumstances, but now i feel they're being taken for fools, and i certainly wouldn't want this to negatively effect what is a rather democratic process and community. Limits need to be established.

They are being taken for fools.  The original plan was an unapologetic cut off but now you are given 3 months to claim and yet people are now asking for 6 months or indefinitely.  This is a metaphor called: "moving the goal posts"

http://en.wikipedia.org/wiki/Moving_the_goalposts


I'ld say this - if people keep whining about it then the development team should change the 3 months down to 2 months.  If the whining persists then move it down to 1 month.  There is that old saying: "we don't negotiate with terrorists".
hero member
Activity: 497
Merit: 501
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.




Pretty much spot on.

And NEM was never an IPO as most people who've paid attention are aware - it was a call of participation, to participate in this community and ecosystem. Those who don't only have themselves to blame.

I am glad that the NEM devs take on board the critiscms of those who (not so eloquently) complain about the redemption limits, but as i've said numerous times - there has to be limits here as to how accomodating the devs are. We've seen repeatedly from votes and changes that the devs are prepared to take on board and support those in different circumstances, but now i feel they're being taken for fools, and i certainly wouldn't want this to negatively effect what is a rather democratic process and community. Limits need to be established.

No other coin has had such an open or transparent process such as what we've seen from NEM thus far.
hero member
Activity: 756
Merit: 506
In the future:  "Guys NEM just felled to $22 per NEM, is NEM dying?!"  Huh
jr. member
Activity: 58
Merit: 3
Hello everyone, I got "NEM Token"
what do I do next to get my coins

?

Please help me

I received from patmast3r "Your token: XXXXXXXXXXXXXX"

?
What do I do next with this token?

Go here https://chain.nem.ninja/stakes/ and register your token
and then go here https://chain.nem.ninja/stakes/registered and check if your name is in the list
and then read this https://medium.com/@xtester/phase-2-btt-stakeholders-redemption-guide-becc1d120612
And today is last day to register your token
legendary
Activity: 866
Merit: 1002
even if you call this an ipo then what type of an investor you are if you do not check your investment?

Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).

As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.


legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
What is wise. Sell a NEMstake or redeem it?

How much NXT will it be worth after launch?  Tongue

If I knew things like this, I would have been a millionaire until now!!  Cheesy

Now seriously, when the AE stakes went close to 50k NXT I asked myself the same question. After thinking, I came to a conclusion that if I sold it, I would have made a small profit. Having 3 BTC isn't that bad, but what will this really change in my life. On the other side, keeping a NEMStake can give me much more gains in the future.

I am willing to take a risk!! If we go to 1000 satoshis in the future, which isn't that much, that would be 10 BTC profit. Indeed, we could go to 5000 satoshis but we might also go to a 100 satoshis, you never know.

Keep in mind that the current valuation looking at the NEMstake price is 266 satoshis per 1 NEM.

If it is 266 satoshi per 1 NEM; I will redeem it. Because I believe it will be more than 1000 satoshis.

I also think there should be no problem reaching 1000 satoshis, even at the launch..

I fully expect that after launch and people see how nice the client is that it will be above 1000 Satoshi.  
sr. member
Activity: 364
Merit: 250
https://bitcointalksearch.org/topic/m.7279112

Quote from: UtopianFuture

In this statement will try to address three issues: One is on NEM distributional idea which I don't think many people understand even with many many pages and words have been poured on the issue so far. Secondly, I will address the issue of my personal conduct and the last issue is about what will be the future of NEM and UtopianFuture.

NEM distributional idea is best understood in this summary written in the Development Contract.

"The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network"

IMO, the distribution round was a success. We are now having a big and passionate group of developers and helpers that share the same goal and a sense of solidarity. That's very important because they will be shaping the future of NEM with or without me.

The spread of the distribution round  was excellent as you can see in the population statistics. The number does not lie and we can show that to any detractors.  

I failed in my personal conduct and not adhere to the rules I set myself. If you are familiar with American politics, now I have the Eliot Spitzer or Anthony Weiner problem.

I had a few sockpuppet accounts but I have no intention of cashing out any of them. I did not write down the sock accounts (using an arbitrary password that I can't remember) neither and plan to donate the fees for the development fund. I created sock accounts to keep the thread at a high demand when we have few supporters. Ghosthouse is the only account I kept using more so that I can use it sometimes to cheer up NEM threads.

It is what it is. I apologize to my core team members, to all NEM supporting developers and helpers for this issue. I will step down from now on.

The task of maintaining NEM stakeholder list will be transfered to Patmast3r. He has been sharing the access to the file with me for quite sometimes. NEMtoken account will be passed to Pastmast3r as well.

NEM Twitter account will be transfered to Makoto and he could pass on to the most suitable person.

NEM development fund accounts will be fully transfered to Jaguar0625, Gimre and Thies1965.

Ournem website will be transfered to the core team as well.

Update and Discussion and Refunds threads will be closed after new threads with similar functions can be made up.

All press contacts will be passed to the core team so that they can find an appropriate person for the job.

I resign from all leading function within NEM and this will be the last post of UtopianFuture.


Not sure i get your motive here. He left, it became a community driven project. So if anything you pretty much show that NEM was fair - not sure if thats your intention but to any unbiased reader it pretty much is summed up in this way.

And what is funny is, even if UP didn't leave, NEM's distribution would've still been fairer then what NXT was, lol.
one for 3000 investor   , one for 21 investor , what do you think?
hero member
Activity: 497
Merit: 501
https://bitcointalksearch.org/topic/m.7279112

Quote from: UtopianFuture

In this statement will try to address three issues: One is on NEM distributional idea which I don't think many people understand even with many many pages and words have been poured on the issue so far. Secondly, I will address the issue of my personal conduct and the last issue is about what will be the future of NEM and UtopianFuture.

NEM distributional idea is best understood in this summary written in the Development Contract.

"The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network"

IMO, the distribution round was a success. We are now having a big and passionate group of developers and helpers that share the same goal and a sense of solidarity. That's very important because they will be shaping the future of NEM with or without me.

The spread of the distribution round  was excellent as you can see in the population statistics. The number does not lie and we can show that to any detractors.  

I failed in my personal conduct and not adhere to the rules I set myself. If you are familiar with American politics, now I have the Eliot Spitzer or Anthony Weiner problem.

I had a few sockpuppet accounts but I have no intention of cashing out any of them. I did not write down the sock accounts (using an arbitrary password that I can't remember) neither and plan to donate the fees for the development fund. I created sock accounts to keep the thread at a high demand when we have few supporters. Ghosthouse is the only account I kept using more so that I can use it sometimes to cheer up NEM threads.

It is what it is. I apologize to my core team members, to all NEM supporting developers and helpers for this issue. I will step down from now on.

The task of maintaining NEM stakeholder list will be transfered to Patmast3r. He has been sharing the access to the file with me for quite sometimes. NEMtoken account will be passed to Pastmast3r as well.

NEM Twitter account will be transfered to Makoto and he could pass on to the most suitable person.

NEM development fund accounts will be fully transfered to Jaguar0625, Gimre and Thies1965.

Ournem website will be transfered to the core team as well.

Update and Discussion and Refunds threads will be closed after new threads with similar functions can be made up.

All press contacts will be passed to the core team so that they can find an appropriate person for the job.

I resign from all leading function within NEM and this will be the last post of UtopianFuture.


Not sure i get your motive here. He left, it became a community driven project. So if anything you pretty much show that NEM was fair - not sure if thats your intention but to any unbiased reader it pretty much is summed up in this way.

And what is funny is, even if UP didn't leave, NEM's distribution would've still been fairer then what NXT was, lol.
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