Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1600. (Read 2985369 times)

Me too :-)  lets all buy each other drinks. haha

Seems like James is getting rid of his NEMstake holdings. Guess he was just in for a bit of short-term profit. Oh well, I'd rather it be in the hands of people who actually want to use NEM anyway.

Me too :-)  lets all buy each other drinks. haha

Im sticking around man. I want to have drinks with the devs one day when we all meet in our own NEM convention

That makes no sense at all. Surely the people who registered their BTT stakes in the last couple of weeks are primed and ready to reedem in the next stage. I expect 95% will do so in one week or less, so why another long delay? Seems like stalling and buying time.

NEM And The Altcoin Landscape

Unfortunately the altcoin landscape is currently plagued with cheap scams and elaborate pump and dump schemes along with a horde of impulsive people enjoying playing this game. However NEM has nothing to do with this landscape. While we may well go through a cambrian crypto-explosion phase, NEM seems to be already between the fittest and is only getting stronger every passing day.

I know things are more complex but for the sake of simplicity consider the following graph:

                                                                              The Altcoin Landscape

                               
                             Cheap Scams          Elaborate Scams             Clones                Low Innovation         Deep Innovation
                                      I--------------------I--------------------I--------------------I--------------------I

       Approx. Time:        1 Day                      1 Week                  1 Month               3 - 6 Months                1 Year

      Approx. Difficulty:      1/10                       2/10                       4/10                       6/10                       10/10

Approx. Value Created:    1 btc                      10 btc                     50 btc                    100 btc                    10000 btc



You must understand that while it would take 1 day to create a cheap scam, 1 month to clone a complex coin like Nxt, it would probably take at least about 1 year to invent a deeply innovative coin if you have all other necessary resources at your disposal¹(Nxt would be good example of that). Indeed, it would be both stupid and frustrating to confuse deep innovation with clones or low innovation and demand otherwise. NEM aims to bring deep innovation on multiple levels, so when the alpha version along with more interesting details will be disclosed, I think a lot of people will get very excited and some will even get nervous. Indeed this could be one of the most important developments of the altcoin world in 2014. But as you might understand, until the right moment comes, most of these details need to be kept secret for obvious strategic reasons.

Anyway, starting with our extremely competent and responsible dev team, our large, talented and diverse community, our fair distribution and equality experiment, I think you can all see that with each passing day NEM is evolving to be a whole different kind of creature, unlike anything you have seen it the altcoin world until now. But in order to see that, you must get out of the noisy and impulsive crowd and focus on the signal. If you look close enough I'm sure you won't be disappointed.

The Marshmallow Test And Financial Freedom

It seems there are two major impediments on the road to financial freedom. One of them is the economic and banking system which we are trying to solve at least partially through NEM. The other one is a bit more counter-intuitive and less thought of, it's ourselves(with all the decisions and wrong moves we make). If we want to achieve something we must shift from a consumer mindset to a producer mindset, and therein lies the key.

Looking at the marshmallow experiment which emphasizes self-control and delayed gratification as a better predictor of success than IQ, I can only wonder what all those people selling NEM now will think in a couple of months.

If you would have to choose between receiving 1.5 btc for your share now or delaying gratification to receive at least 10x that amount in a couple of months, what would you choose?

If self-control and delayed gratification are a good predictor of success, it seems quite obvious to me, impulsivity may be an even better predictor of failure.

So in the end, I can only say be wise and make smart decisions because although we all start with an equal opportunity, ultimately our decisions, contributions and productivity will decide our outcome, and trust me, as it looks, there won't be any equality in that.

---

References
¹ Through necessary resources I mean an enormous amount of brain power, time and energy to invest and conceptualize such a novel technology and an even greater amount of brainpower, time, energy and determination to transform things from the realm of ideas to reality. But it gets even more intriguing, since although these resources are necessary, in a lot of cases they may still not be sufficient.

ya won't be getting rid of me too easy anyway

I don't think anyone is just going to vanish after launch.. There has be an enormous amount of effort put into nem.. I just can't see anyone turning their back on nem after putting in so much work..

I think we will continue to see great contribution from our long standing members and also a massive increase of newer members/contributors..

Before we know it there will be so much going on it will be impossible to keep up with everything.

Sure hope so too m8!

Besides that, i am wondering about some things. What are your thoughts about the future, after the launch of NEM. I know you, jaguar, patmaster, kodtycoon, rockethead and  ofcourse uf (and lots of people i am missing) did loads and loads and loads of work to make all of this happen, but how long will you stick around? I think all of you guys did tremendous effort and hope that you will all stay..   
Thank you anyway for making this all happen!! In my opinion NEM is for me the last hope in crypto, since i have been fooled a lot by scamcoins.

Just curious about you and the rest of the devteam, please let the nemsters know!!!

That makes no sense at all. Surely the people who registered their BTT stakes in the last couple of weeks are primed and ready to reedem in the next stage. I expect 95% will do so in one week or less, so why another long delay? Seems like stalling and buying time.

That makes no sense at all. Surely the people who registered their BTT stakes in the last couple of weeks are primed and ready to reedem in the next stage. I expect 95% will do so in one week or less, so why another long delay? Seems like stalling and buying time.

205k views on this thread and we have not even launched yet.

I think the thread will explode once we launch.

On Nov 1st people will be able to send in their nem address.. But people won't get coins for a few weeks after that atleast because we have to wait for as many people to claim as possible before the coins can be distributed.

On Nov 1st people will be able to send in their nem address.. But people won't get coins for a few weeks after that atleast because we have to wait for as many people to claim as possible before the coins can be distributed.

Why is everyone in charge saying the redemption will start on Nov 1st and at the same time saying people will get their coins in a few weeks?