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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1647. (Read 2985369 times)

hero member
Activity: 980
Merit: 1001

Some minor changes have been added to the newsletter.

Did anyone read this ?
This thread was filled with the discussion regarding a longer redemption period for a week and now an announcement regarding that doesn't even spark any reaction ?

Let me post the direct link then: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53
that's shocking.. Soo many people kicked up a stink over the unclaimed and now that a solution is put into practice by the devs.. No one can even say thank you...

It's not shocking. In my op it is the best possibility to handle the unclaimed ones.

This doesn't have anything todo with how to handle the unclaimed stakes.
full member
Activity: 186
Merit: 100

Some minor changes have been added to the newsletter.

Did anyone read this ?
This thread was filled with the discussion regarding a longer redemption period for a week and now an announcement regarding that doesn't even spark any reaction ?

Let me post the direct link then: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53
that's shocking.. Soo many people kicked up a stink over the unclaimed and now that a solution is put into practice by the devs.. No one can even say thank you...

It's not shocking. In my op it is the best possibility to handle the unclaimed ones.
full member
Activity: 186
Merit: 100
Just thinkin...maybe we should do as some suggested and burn only one coin.

3 999 999 999

and show this number everywhere instead of 4 B.

Why? Well everyones Granny and her dog is going to ask why it wasnt 4billion exactly.

And we can tell them the reason.

There just doesnt seem to be a clear majority wanting 8 billion which I think was the best idea.

I really like to stay close to the original 4B.
3.999.999.999 seems to be the best solution.
hero member
Activity: 588
Merit: 500
NEM ....best currency distribution ever ...!!!!!!!
Just thinkin...maybe we should do as some suggested and burn only one coin.

3 999 999 999

and show this number everywhere instead of 4 B.

Why? Well everyones Granny and her dog is going to ask why it wasnt 4billion exactly.

And we can tell them the reason.

There just doesnt seem to be a clear majority wanting 8 billion which I think was the best idea.
hero member
Activity: 888
Merit: 1001
Proof-of-Stake Blockchain Network
it is 11 ...
remember the twin towers ...
member
Activity: 426
Merit: 10
These two polls are more polling-sampling than an actual vote.   If we wanted an official vote then it would had been like the logo vote, sending a private message and it being recorded on a public list.    Probably a single transferable vote like the Australian and Irish elections, due to the amount of options there can be.

I think it's too late to attempt something like this, given Beta is days off.  As well the poll only indicates marginal majority support for 8 billion.
I don't know if this has to be put to an official vote.  It seems like a lot of work for what could be a trivial detail.  So if it means we can avoid a long troublesome vote then I withdraw my support for 8 billion or any drastic scaling.

  

The best solution here is probably what we discussed prior to this superstition stuff and one that can't be rounded up to 4 billion.



We do know there is going to be 700-800 unclaimed stakes at this rate.    If we are concerned about people rounding up then the solution is simple:  3.8 billion coins.  Nobody rounds 3.8 up to 4.   They will round up 3.9 or 3.99, but not 3.8.    

3.8. also makes the superstitious people happy as 3 is an important number in both the west (Holy Trinity) and Asia (in Asia it means alive or birth) and 8 is a very important number in China.   so the 3 + 8 together could mean "the beginning of a prosperous new economy movement".


So it seems simple that you could burn 200 stakes, which would make every NEMholder wealthier through deflation, and the remaining unclaimed stakes (as per the newsletter #6) can be put in that investment fund if that is what ends up happening.


Maybe 3.8 is the Destiny of NEM  Grin
http://www.destinythegame.com/uk/en
Note the logo    Cheesy


sr. member
Activity: 289
Merit: 250
[Poll]
How many NEM coins should be?
Please vote twice, and decide NEM's future for yourself.


1)   https://forum.nemcoin.com/index.php?topic=2531.0
2)   https://forum.nemcoin.com/index.php?topic=2540.0



I closed the first poll as a three way poll isn't that accurate, especially when the first two options were similar enough.


The 100 billion option could be polled on but is anyone actually enthusiastic about it?  As well wasn't the point behind this other people's superstition?   The number 8 is an important number in East Asia.  I'm not sure if the number 10 is considered good anywhere.


I think two options are good enough, but what if someone doesn't want a change?
1st poll is (A) 4 billion  (B) 3,888,888,888  (C) 8 billion
2nd poll is (A) 3,990,000,000(4 billion)  (B) 8,000,000,000(8 billion)
In 1st poll, We have only to read the result as {(A)+(B)} vs (C).
If 1st poll is closed, surely somebody will say "Why there is not the choice of 3,888.......?"

EDIT/ In fact, the ideal poll is (A)4 billion(including 3,999..... and 3,88.....) vs (B) 8 billion.
And if (A) is the winner, then poll again (a) 4 billion (b) 3,999..... (c) 3,888....  
WOW. So Poll, Much Vote Grin  


I think a first pole should be "Do we change the number of units? Yes or No"  

If people say no, it is over.  If people say yes, then we work on the number to change it too.
You are somewhat right.
The issue started not from "Shall we change the amount of NEM or not?", but from "How about changing the amount of NEM into 8 billion?"
So, the poll proceeded like present.
I personally regard these polls as an opinion survey of NEM members, and believe our creative and open minded dev/marketing team will make a wise decision/action considering the result of polls.
hero member
Activity: 888
Merit: 1001
Proof-of-Stake Blockchain Network
In China 4 - Death
In the Gnostic (European, esoteric) tradition, this figure is 11.

Set of 3 and 8 give 11.

From what had gone, there are.


3 and 9 - much better...

or any amount which gives 3; 6; 9
hero member
Activity: 497
Merit: 501

Some minor changes have been added to the newsletter.

Did anyone read this ?
This thread was filled with the discussion regarding a longer redemption period for a week and now an announcement regarding that doesn't even spark any reaction ?

Let me post the direct link then: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53
that's shocking.. Soo many people kicked up a stink over the unclaimed and now that a solution is put into practice by the devs.. No one can even say thank you...

Thats because you're catering to a minority, and catering to minorities is only wasting your time and effort in the long term.

By all means help them, but don't bend over backwards to do so. Set ground rules and stick with it, otherwise you're only creating a bad image for yourself.

Nonetheless, i'm glad to see the extended period wasn't by many weeks or even months as what some people were crying for.
legendary
Activity: 1059
Merit: 1016

Some minor changes have been added to the newsletter.

Did anyone read this ?
This thread was filled with the discussion regarding a longer redemption period for a week and now an announcement regarding that doesn't even spark any reaction ?

Let me post the direct link then: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53
that's shocking.. Soo many people kicked up a stink over the unclaimed and now that a solution is put into practice by the devs.. No one can even say thank you...

Demented community? Wink I think they are more interested in seeing the trees in front than the forest. :-)
hero member
Activity: 980
Merit: 1001

Some minor changes have been added to the newsletter.

Did anyone read this ?
This thread was filled with the discussion regarding a longer redemption period for a week and now an announcement regarding that doesn't even spark any reaction ?

Let me post the direct link then: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
I asked this before, receiving no response. When is the initial NEM stake redemption deadline?

If I am wrong, somebody correct me! But I think it is about 17 more days to claim NEMstake.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
These two polls are more polling-sampling than an actual vote.   If we wanted an official vote then it would had been like the logo vote, sending a private message and it being recorded on a public list.    Probably a single transferable vote like the Australian and Irish elections, due to the amount of options there can be.

I think it's too late to attempt something like this, given Beta is days off.  As well the poll only indicates marginal majority support for 8 billion.
I don't know if this has to be put to an official vote.  It seems like a lot of work for what could be a trivial detail.  So if it means we can avoid a long troublesome vote then I withdraw my support for 8 billion or any drastic scaling.

  

The best solution here is probably what we discussed prior to this superstition stuff and one that can't be rounded up to 4 billion.



We do know there is going to be 700-800 unclaimed stakes at this rate.    If we are concerned about people rounding up then the solution is simple:  3.8 billion coins.  Nobody rounds 3.8 up to 4.   They will round up 3.9 or 3.99, but not 3.8.    

3.8. also makes the superstitious people happy as 3 is an important number in both the west (Holy Trinity) and Asia (in Asia it means alive or birth) and 8 is a very important number in China.   so the 3 + 8 together could mean "the beginning of a prosperous new economy movement".


So it seems simple that you could burn 200 stakes, which would make every NEMholder wealthier through deflation, and the remaining unclaimed stakes (as per the newsletter #6) can be put in that investment fund if that is what ends up happening.

This is by far the best solution! If 200 stakes are to much, we can burn 112 and in that way get a 3,88 B cap!  Smiley
member
Activity: 89
Merit: 10
Sounds like a good idea! But how is it to "lose" 200 stakes? Is it worth it?
You dont change the total cap. The remaining 3800 stakes are just worth more by burning 200.
hero member
Activity: 980
Merit: 1001
Will NEM have an Asset Exchange like NXT?

I can't wait to buy some Assets.

Yes but not at launch. Hopefully it will be implemented within Q1 2k15
full member
Activity: 232
Merit: 100
Will NEM have an Asset Exchange like NXT?

I can't wait to buy some Assets.
hero member
Activity: 980
Merit: 1001
Quote
Sounds like a good idea! But how is it to "lose" 200 stakes? Is it worth it?

That was the best compromise I can think of.     We can ignore the superstition but I think there was a plurality opinion between the polls that is not an advisable route as it could backfire.  I wouldn't want a coin if it had a supply of 666 and I imagine many East Asians may not want a coin with a supply of 4.  We may laugh at these things but it could be a deal breaker.

  It was already discussed, back when the issue of unclaimed stakes first arose, about burning X amount.   So burning 200 is a simple thing..

Is it worth it?  We know Gliss and I think to Gliss whether you put 700 into an investment fund or 500 into an investment fund, he would count neither in the available supply on coinmarketcap.

Does gliss discount the NXT in the community fund? If the money is put into an investment fund, it is to be actively used, so I see no reason why it would not be in the marketcap.

I think if it were to end up somewhere then it would be on the asset page, not on the standard default page which is available supply.


If the fund would be represented by an asset but I'm not sure that would be the case.
legendary
Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
Quote
Sounds like a good idea! But how is it to "lose" 200 stakes? Is it worth it?

That was the best compromise I can think of.     We can ignore the superstition but I think there was a plurality opinion between the polls that is not an advisable route as it could backfire.  I wouldn't want a coin if it had a supply of 666 and I imagine many East Asians may not want a coin with a supply of 4.  We may laugh at these things but it could be a deal breaker.

  It was already discussed, back when the issue of unclaimed stakes first arose, about burning X amount.   So burning 200 is a simple thing..

Is it worth it?  We know Gliss and I think to Gliss whether you put 700 into an investment fund or 500 into an investment fund, he would count neither in the available supply on coinmarketcap.

Does gliss discount the NXT in the community fund? If the money is put into an investment fund, it is to be actively used, so I see no reason why it would not be in the marketcap.

I think if it were to end up somewhere then it would be on the asset page, not on the standard default page which is available supply.


The specifics of that will have to be decided of course. One compelling idea is to create a legit, licensed investment fund that is legal. Any lawyers here think that can be done? It'd be great to change the system from within Cheesy
hero member
Activity: 756
Merit: 506
Quote
Sounds like a good idea! But how is it to "lose" 200 stakes? Is it worth it?

That was the best compromise I can think of.     We can ignore the superstition but I think there was a plurality opinion between the polls that is not an advisable route as it could backfire.  I wouldn't want a coin if it had a supply of 666 and I imagine many East Asians may not want a coin with a supply of 4.  We may laugh at these things but it could be a deal breaker.

  It was already discussed, back when the issue of unclaimed stakes first arose, about burning X amount.   So burning 200 is a simple thing..

Is it worth it?  We know Gliss and I think to Gliss whether you put 700 into an investment fund or 500 into an investment fund, he would count neither in the available supply on coinmarketcap.

Does gliss discount the NXT in the community fund? If the money is put into an investment fund, it is to be actively used, so I see no reason why it would not be in the marketcap.

I think if it were to end up somewhere then it would be on the asset page, not on the standard default page which is available supply.
legendary
Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
Quote
Sounds like a good idea! But how is it to "lose" 200 stakes? Is it worth it?

That was the best compromise I can think of.     We can ignore the superstition but I think there was a plurality opinion between the polls that is not an advisable route as it could backfire.  I wouldn't want a coin if it had a supply of 666 and I imagine many East Asians may not want a coin with a supply of 4.  We may laugh at these things but it could be a deal breaker.

  It was already discussed, back when the issue of unclaimed stakes first arose, about burning X amount.   So burning 200 is a simple thing..

Is it worth it?  We know Gliss and I think to Gliss whether you put 700 into an investment fund or 500 into an investment fund, he would count neither in the available supply on coinmarketcap.

Does gliss discount the NXT in the community fund? If the money is put into an investment fund, it is to be actively used, so I see no reason why it would not be in the marketcap.
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