ok, another comment
about the 40%, that's the number of unclaimed stakes right now. Maybe a little less.
about the need to distribute coins:
you load a faucet with 10$ worth of coins not with 1000$ worth of coins. It doesn't make a difference what's number of coins. What makes the difference is the value and total number of coins.
So you prefer giving away 10 coins for 0.1 cent each instead of 1 coin for 1 cent?
If you want to keep distributing huge amounts for free for long time i'd advise you to go over to auroracoin thread and see how that turned out.
In my humble opinion anything more than 0.5% of supply given away for free is unhealthy after a certain point and will be at the expense of those holding the coins.
I think it would be best to allow everybody to claim their stakes for 6 to 8 months, if then there are unclaimed ones, take up to 2% of total coinsupply for 'dev and promo' is safe in my opinion and destoy the rest. Anything else will result in negative outcome.
Right now i can't even get stoned without having to worry to have missed the deadline once waking up from the deepsleep.
Thinking keeping more coins will make you richer is an error. Keeping more coins will result in less value because of a lot of reasons. Core-team should very good think about what they do. If you take more coins than what you really need this will very likely end up in a bad way.
I would prefer being asked for doantions later because promo-funds ran dry instead of having to deal with a situation where like 20% or more of coins are with the core-team and i don't know what they do next with it.
If i know someone is holding huge amounts like that i can't put alot of money into the coin because it would be considered high risk. See how ripple took the dive after someone from the inside with access to a lot of coins announced selling.
Those coins with large concentration in few hands are more risky to put money on, no doubt.
You can of course talk it nice and justify why you absolutely and in any case need the funds to even operate. I don't expect anything else. It's ok. We know all that dance.
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1592. (Read 2985369 times)
October 30, 2014, 03:22:53 PM
October 30, 2014, 03:20:22 PM
Stellar facebook give away was gamed by blackhat professionals with thousands of fake facebook and a lot of people from India were tricked into giving up a $10 give away for $5. Very early on Stellar had rich lists of guys who acquired millions from the give away (which was initially 10K+ but dropped down)
As soon as Stellar clawed back on the freebies (money on the streets) people stopped caring. Available capitalization of Stellar is very low (even lower than NEM when it will launch)
Fair distribution was January - March when there wasn't any financial incentive to claim something which initially had no value
As soon as Stellar clawed back on the freebies (money on the streets) people stopped caring. Available capitalization of Stellar is very low (even lower than NEM when it will launch)
Fair distribution was January - March when there wasn't any financial incentive to claim something which initially had no value
October 30, 2014, 03:17:29 PM
Do we need to participate in PHASE 2 REDEMPTION if we do not have a stake on AE? I successfully did phase 1 with my BCTaccount.
Thanks
Thanks
Please read this: https://medium.com/@xtester/phase-2-btt-stakeholders-redemption-guide-becc1d120612
October 30, 2014, 03:17:04 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
Im sure you could try harder. why not post all your ideas on to a discussion page on the Nem forum and we can all comment on them?
Alright, what if we hide 100 stakes (paper wallets) in different locations around the world. Then we give clues as to the locations. The clues require people learn more about nem, download the wallet, post on NEM forum, etc.. to participate.
This is actually an extremely good idea. You could incorporate it via online message boards such as facebook, twitter, to really get it out there and viral.
October 30, 2014, 03:16:40 PM
so you smart guys made sure everyone who doesn't pay attention can't claim their stake, you keep up to 40% of coins 'for developement' and thus make the coin trustbased like ripple? Are you serious? I am gonna dump this shit ASAP.
If you can't destroy unclaimed stakes you're just a joke.
I say: either lift timelimit and let everyone claim as long as they want OR destroy the unclaimed stakes but keeping up to 40% of supply in very few hands makes this coin trust-based and for that reason dramatically lowers the outlooks of it. No matter how shiny your shit is, it can't obscure what greedy bastards you are. You don't care about NEM or the project. Everyone is focused on personal gains. No other way to explain this redemption-process. Period.
Destroy stakes, let people claim longer or be called greedy pigs and lower outlooks of nem-project dramatically - pretty simple, like it or not.
If you can't destroy unclaimed stakes you're just a joke.
I say: either lift timelimit and let everyone claim as long as they want OR destroy the unclaimed stakes but keeping up to 40% of supply in very few hands makes this coin trust-based and for that reason dramatically lowers the outlooks of it. No matter how shiny your shit is, it can't obscure what greedy bastards you are. You don't care about NEM or the project. Everyone is focused on personal gains. No other way to explain this redemption-process. Period.
Destroy stakes, let people claim longer or be called greedy pigs and lower outlooks of nem-project dramatically - pretty simple, like it or not.
Appears to me your minds made up - after all, we're already greedy bastards in your book.
lol. I didn't make up my mind. I just saw up to 40% unclaimed right now and then the other person saying 'this will be for promotion and developement'. I got nothing against nem or anyone. I am just straight up about stuff and say what i think.
If you fuck up distribution like that you take away a lot of its value, just sayin'. Maybe this has been overlooked. Better don't take up to 40% of supply for "developement and promo" if you don't want to destoy its public image.
I actually think you make a good argument, but resorting to insults is not a way to do it.
cut out the insults. Nothing personal. I am just the grumpy guy.
Hope nobody got hurt too much
You do what you want but i would recommend to not keep more than 10% of unclaimed stakes for 'dev and promo' to not screw it up. Best to destroy the biggest part of unclaimed coins so you don't have bad talk and bad promo because of that. See other alts that have bad distro. They never get past a certain point and tend to be more unstable. Also target of many trolls.
You are aware that you are breeding trolls by not allowing people to claim longer, are you? Let's say i am in hospital and can't claim stake. When i come back i am left with nothing. Fine. I am a troll now. So with cutting all those people off: prepare for trolls later
just my 2 cents
I also think you have a point about not keeping huge percentage of unclaimed stakes. We must be reasonable and keep a reasonable percentage while burning the rest. We can't allow our good distribution to be destroyed in this way!!
Burning is a shortsighted option. It's the worst of all the ideas. We need to distribute those NEMs further. We want many people to get their hands on NEM and not make those that already have NEM richer i.e. give them more NEM.
40 % is a bullshit number. Where is that even from ?
And now show me another non PoW that has no timelimit on claiming of coins ? If people don't care about their stake then we'll distribute it to someone who does. Who wants to help advance NEM.
PS: Wow this was really hard. But I got through without a single insult. Wasn't even rude. I think this is the beginning of a new pat
Congrats on the new beginning!!
are you all loved up or something?
October 30, 2014, 03:14:26 PM
so you smart guys made sure everyone who doesn't pay attention can't claim their stake, you keep up to 40% of coins 'for developement' and thus make the coin trustbased like ripple? Are you serious? I am gonna dump this shit ASAP.
If you can't destroy unclaimed stakes you're just a joke.
I say: either lift timelimit and let everyone claim as long as they want OR destroy the unclaimed stakes but keeping up to 40% of supply in very few hands makes this coin trust-based and for that reason dramatically lowers the outlooks of it. No matter how shiny your shit is, it can't obscure what greedy bastards you are. You don't care about NEM or the project. Everyone is focused on personal gains. No other way to explain this redemption-process. Period.
Destroy stakes, let people claim longer or be called greedy pigs and lower outlooks of nem-project dramatically - pretty simple, like it or not.
If you can't destroy unclaimed stakes you're just a joke.
I say: either lift timelimit and let everyone claim as long as they want OR destroy the unclaimed stakes but keeping up to 40% of supply in very few hands makes this coin trust-based and for that reason dramatically lowers the outlooks of it. No matter how shiny your shit is, it can't obscure what greedy bastards you are. You don't care about NEM or the project. Everyone is focused on personal gains. No other way to explain this redemption-process. Period.
Destroy stakes, let people claim longer or be called greedy pigs and lower outlooks of nem-project dramatically - pretty simple, like it or not.
Appears to me your minds made up - after all, we're already greedy bastards in your book.
lol. I didn't make up my mind. I just saw up to 40% unclaimed right now and then the other person saying 'this will be for promotion and developement'. I got nothing against nem or anyone. I am just straight up about stuff and say what i think.
If you fuck up distribution like that you take away a lot of its value, just sayin'. Maybe this has been overlooked. Better don't take up to 40% of supply for "developement and promo" if you don't want to destoy its public image.
I actually think you make a good argument, but resorting to insults is not a way to do it.
cut out the insults. Nothing personal. I am just the grumpy guy.
Hope nobody got hurt too much
You do what you want but i would recommend to not keep more than 10% of unclaimed stakes for 'dev and promo' to not screw it up. Best to destroy the biggest part of unclaimed coins so you don't have bad talk and bad promo because of that. See other alts that have bad distro. They never get past a certain point and tend to be more unstable. Also target of many trolls.
You are aware that you are breeding trolls by not allowing people to claim longer, are you? Let's say i am in hospital and can't claim stake. When i come back i am left with nothing. Fine. I am a troll now. So with cutting all those people off: prepare for trolls later
just my 2 cents
I also think you have a point about not keeping huge percentage of unclaimed stakes. We must be reasonable and keep a reasonable percentage while burning the rest. We can't allow our good distribution to be destroyed in this way!!
Burning is a shortsighted option. It's the worst of all the ideas. We need to distribute those NEMs further. We want many people to get their hands on NEM and not make those that already have NEM richer i.e. give them more NEM.
40 % is a bullshit number. Where is that even from ?
And now show me another non PoW that has no timelimit on claiming of coins ? If people don't care about their stake then we'll distribute it to someone who does. Who wants to help advance NEM.
PS: Wow this was really hard. But I got through without a single insult. Wasn't even rude. I think this is the beginning of a new pat
Congrats on the new beginning!!
October 30, 2014, 03:11:13 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
Im sure you could try harder. why not post all your ideas on to a discussion page on the Nem forum and we can all comment on them?
Alright, what if we hide 100 stakes (paper wallets) in different locations around the world. Then we give clues as to the locations. The clues require people learn more about nem, download the wallet, post on NEM forum, etc.. to participate.
Thats not such a bad idea for starters.....I'm not joking with you, seems like you may have a good marketing head on your shoulders, you should elaborate on a couple of ideas and start off a discussion on the nem forum.
I started a discussion about Nemsters getting a bonus off the unclaimed stakes and got 131 replies and 1570 views...( everybody disagreed with me of course but that was besides the point
).I think its a record...lol...... October 30, 2014, 03:11:01 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
Im sure you could try harder. why not post all your ideas on to a discussion page on the Nem forum and we can all comment on them?
Alright, what if we hide 100 stakes (paper wallets) in different locations around the world. Then we give clues as to the locations. The clues require people learn more about nem, download the wallet, post on NEM forum, etc.. to participate.
Now, that, i call a good "out of the box" idea !
Thanks. And people will have to follow NEM on all the social media so they don't miss any clues. We could do some paid advertising to kick the whole thing off. It could be incredibly cool if we run it right. That's just one idea. I'm sure there are some marketing people with great ideas too.
October 30, 2014, 03:07:56 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
Im sure you could try harder. why not post all your ideas on to a discussion page on the Nem forum and we can all comment on them?
Alright, what if we hide 100 stakes (paper wallets) in different locations around the world. Then we give clues as to the locations. The clues require people learn more about nem, download the wallet, post on NEM forum, etc.. to participate.
Now, that, i call a good "out of the box" idea !
October 30, 2014, 03:03:14 PM
Do we need to participate in PHASE 2 REDEMPTION if we do not have a stake on AE? I successfully did phase 1 with my BCTaccount.
Thanks
Thanks
Hello everyone, I got "NEM Token"
what do I do next to get my coins
what do I do next to get my coins
?
First, Have you registered you token here: https://chain.nem.ninja/stakes ?
If you don't, do it now.
If you did, check if your name is on the list here: https://chain.nem.ninja/stakes/registered
Then, the redemption process regarding original BTT stakeholders will start on Nov 1st for those who registered their token.
Please read: https://medium.com/@xtester/phase-2-btt-stakeholders-redemption-guide-becc1d120612
Thanks
October 30, 2014, 03:02:57 PM
40 % is a bullshit number. Where is that even from ?
Why is it bullshit number? You already have 25% development stake. Why do you need 50% for the "development"? Plus all the BTC and Nxt collected during the IPO? Puer greed
my understanding is that Nemsters that didnt work their butt off all day for 10 months were getting 75 per cent of stakes. unclaimed stakes are likely to be invested into a fund , trying to create wealth within the NEM ecosystem for the benefit of that 75 per cent......shared pro- rata......
October 30, 2014, 03:00:09 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
Im sure you could try harder. why not post all your ideas on to a discussion page on the Nem forum and we can all comment on them?
Alright, what if we hide 100 stakes (paper wallets) in different locations around the world. Then we give clues as to the locations. The clues require people learn more about nem, download the wallet, post on NEM forum, etc.. to participate.
October 30, 2014, 02:56:41 PM
Do we need to participate in PHASE 2 REDEMPTION if we do not have a stake on AE? I successfully did phase 1 with my BCTaccount.
Thanks
Thanks
Hello everyone, I got "NEM Token"
what do I do next to get my coins
what do I do next to get my coins
?
First, Have you registered you token here: https://chain.nem.ninja/stakes ?
If you don't, do it now.
If you did, check if your name is on the list here: https://chain.nem.ninja/stakes/registered
Then, the redemption process regarding original BTT stakeholders will start on Nov 1st for those who registered their token.
Please read: https://medium.com/@xtester/phase-2-btt-stakeholders-redemption-guide-becc1d120612
October 30, 2014, 02:53:56 PM
40 % is a bullshit number. Where is that even from ?
Why is it bullshit number? You already have 25% development stake. Why do you need 50% for the "development"? Plus all the BTC and Nxt collected during the IPO? Puer greed
October 30, 2014, 02:53:38 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
Im sure you could try harder. why not post all your ideas on to a discussion page on the Nem forum and we can all comment on them?
October 30, 2014, 02:51:20 PM
Hello everyone, I got "NEM Token"
what do I do next to get my coins
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?
I should have time to register before October 31?
October 30, 2014, 02:50:21 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
Yes, pissing on faces of people who paid 3 BTC for the stake which will then go to facebook dumpers who will dump it for 0.03 BTC
October 30, 2014, 02:49:45 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
This is something marketing people get paid for.
October 30, 2014, 02:46:47 PM
My 2 cents- I'd like to see creative contests and giveaways on Facebook, Twitter , Reddit, etc..
like what?
October 30, 2014, 02:45:53 PM
Hello everyone, I got "NEM Token"
what do I do next to get my coins
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?
Jump to: