Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1591. (Read 2985369 times)

He's a busy guy with lots of commitments. He's also not a Java dev and probably doesn't want to play around with security settings to get webstart working

I'm trying to see if we can use something like InstallAnywhere to make an easy installer or something.

500k test nem for you.

Could someone send me some nem to test?

TBZXHE-TD6AO6-PHSFZL-SZ7MWS-JEEI7C-EFCUC2-7Y7V

that was NEVER made clear at the start, and is not the case with any other currency on the board. It's utter rubbish. Stakeholders should be entitled to it regardless of active participation within the community.

However there needs to be a time cut off limit. Their stakes should be held by some escrows for future claims.

It's not like the NEM project has gone smoothly to be fair..  Taking people shares away is not going to do the project any favours in the future. I would suggest a 6 month deadlline minimum if you don't want a lot of screaming and shouting when nem stakeholders find out they just lost their stakes by taking a few weeks out.

valid argument. That's why i'd be concerned about the safety of the dev-funds in particular I'd make longer option to claim stakes for people regardless and maybe burn unclaimed stakes spring/summer 2015

Ading coins to the dev-fund shouldn't be an option since 20% is already an outsized fund. For promo and giveaway 1% of supply is enough for years. Promo and giveaway can be driven with donations from community also, so you could burn 100% unclaimed later and in fact raise the value of the other coins a lot with this. Every coin burned (less total supply) raises the value of the other coins.
I think burning the remaining coins if it really with 100% certainty is unclaimed with no hope of ever being claimed is the way to save everyone hours of discussion and headaches.
Burning the coins that are certainly unclaimed is a loss for nobody in the end of the day and if done in a transparent manner will in fact cause a positive reaction in the markets. We have seen such things before.

So i'd suggest to make that redemption longer ... like months longer. Think about people who could be on vacation with no internet, those in hospital and so on. 1 month is not long enough for some people in some situations. Make it 6 months and burn remaining coins after that time saves discussion and creates no envy or bad public relations later.

Coldstorage for the time needs to be thought out and executed well. It is possible to have coins 100% secured even if 99,99% of people can't do it - it is possible. To protect the privkey you just need to be a paranoid with some skills

To protect against a keyperson becoming compomised you'd use multisig for sure.

pro-tip:
to protect from hacking you create wallets offline and store them in encrypted filecontainers on at least three offline-devices. No idea how that can be hacked.
Important privkeys never touch the net until actually needed for the first and last time (use once only)- that's what one calls 'secure coldstorage'

What's happened with the NEM price ?
Someone is manipulating down.

That same argument could be put for the devs holding them for bounties etc.
I followed the nem forum thread on this subject and there are ideas a plenty. Tbh this should have been sorted well before now as everyone knew there would be unclaimed stakes.
 Personally I think the devs deciding to keep them on top of the 20% to promote NEM is going to cause more bad publicity if done at this late stage. I dont know what the best answer to the problem is either, but I suppose a community vote is the only way to show transparency without damaging the brand.

ok let's say that was to happen? Who would want the responsibility to hold 100's of stakes indefinitely? What if that person became compromised? What if it was a dev and he actually dis getc hacked? Would you even want one person holding 10% of coins forever? Holding them indefinitely is never going to happen..

the unclaimed stakes should be given to the people, US! more coins per stake that way we know where it goes

it's a non-issue.
Just decouple unclaimed stakes from btctalk accounts and after deadline only let people claim stakes who can proove they control the private keys of the btc-adress that payd the fees back then. So there won't be an issue with having stakes unclaimed forever. No need to redistribute, burn or discuss. Unclaimed is unclaimed and nothing else. Coins unclaimed will keep status 'unclaimed' until they are claimed or they just stay unclaimed forever. My suggestion to clear up all this mambojambo in under 1 minute.

Yeah let's give hackers unlimited time to compromise unclaimed stakes, such brilliant much genius such brains!

So it was made clear to people before taking their payment that "If you dont participate then you have no right to stay"?
This is a real question as I don't know all the details.

Ok...here we go again.....there has always been a call for participation to this movement. If you dont participate then you have no right to stay....a piddly donation was asked to participate at the start.

No decision has been made about unclaimed stakes as no-one knows for sure how many there will be.

I've never seen the 40% number before. It seems made up...

on the one hand saying 'who missed deadline looses the stakes' and then turning around and saying "we must distribute them to more people" is inconsistent.

So what you want ? Distribute coins to people? So why cancel stakes of people who are late? You guys make no sense.

I have been reading through the forum and gone from extremely confused to a little less confused.  I have run the beta client without any problems, created a real account and now have an address starting with the letter N and the according private and public keys.  The testnet address in the upper left corner had me  a bit flabbergasted for a while but after hours spent reading the forum I think I get it now.  The phase 2 stake claim seems to be only for those who have a stake on nxt ae, right?   I have a token that was messaged to me here and registered/claimed it through the given link, so Im not supposed to go through that process of sending a message to that nxt account with my newly created real nem address and token code, right?  So I just wait for?  Sorry for the confusion but there is a lot of confusing info going around.

for example (wasn't able to find the original comment):


if a quarter of that 71% is unclaimed and you ad it to the dev-fund you end up with roughly 40%
After the dev-fund according to this already has 20% of the coins i really have no understanding how you can be so bold to be wanting to claim more coins for that from people who missed their deadline? Claiming even more than those 20% is outlandish for sure.

If it was on me i'd say "destroy all unclaimed coins, 100% of them or make sure they end up with those who were paying the 0.07btc months ago"
wasn't like signing up was for free, was it?
Unclaimed coins are just unclaimed. Someone still owns them. A fee has already been payd for those coins by someone. I think it isn't right to set such strict deadlines ... and keeping the coins of those that weren't able to meet those deadlines. Why not make a deadline of 1 day and keep 99% of the coins? Honestly, why not?

@Balu where are you getting 40%  from? And do you mean 40% of 4000 stakes or 40% of stakes that were assigned to stake holders ie. 28xx apposed to 4000? Can you post calculations?

Redemption process phase 2 is in 2 days am I right? Looking forward to that.

geocashing popular with nerds kinda like crypto that could be a good one!