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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1655. (Read 2985369 times)

full member
Activity: 180
Merit: 100
Test nem love anyone?
legendary
Activity: 1008
Merit: 1000
What was the final decision on unclaimed stakes? If its still undecided I would like to see them burned.
sr. member
Activity: 313
Merit: 252

I honestly wonder where NEM will be 6 months from now. What we'll say and think looking back. For a coin that's only launching, NEM does seem very different compared to what people are used to in the altcoin world.

We know that for a fact. NEM is a totally different and very unique crypto. For that we believe in NEM and supporting it as much as we can. The majority of the community needs to see things in action first before acting on it. For that the launch date of NEM will be a remarkable date in the history of crypto.
sr. member
Activity: 278
Merit: 250
My understanding is that the 2 NEMstake limit per a NXT account is just to protect NEM and the NEM investors against all sorts of hacks or losing the coins in any way such as forgetting the password of the NXT wallet. As an investor such limitation shouldn't bother you at all. In fact it was made to protect your investment and in return protecting NEM.

Yes, good point NEMergizer. The sole purpose is not to break up whales.  Smiley
sr. member
Activity: 313
Merit: 252
My understanding is that the 2 NEMstake limit per a NXT account is just to protect NEM and the NEM investors against all sorts of hacks or losing the coins in any way such as forgetting the password of the NXT wallet. As an investor such limitation shouldn't bother you at all. In fact it was made to protect your investment and in return protecting NEM.
sr. member
Activity: 278
Merit: 250
5 billion and forget the round numbers.

I vote for 5 million as well..  Smiley

5 does not belog to set of {1, 2, 4, 8, 16, ...}  what is a must in crypto world  Wink

https://forum.nemcoin.com/index.php?topic=2531.30


haha Yes... I say just keep it at four billion. That was the original plan by UF.
sr. member
Activity: 289
Merit: 250
I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.

Is this some kind of vague threat? (If not, I apologize. But it just reads that way.)
It sounds like new style joke to me.   Grin
hero member
Activity: 834
Merit: 524
Nxt NEM
5 billion and forget the round numbers.

I vote for 5 million as well..  Smiley

5 does not belog to set of {1, 2, 4, 8, 16, ...}  what is a must in crypto world  Wink

https://forum.nemcoin.com/index.php?topic=2531.30
hero member
Activity: 521
Merit: 500
Do not see where the problem is. Just create more accounts and send 2 stakes over to each.

When does the sending of stake tokens back start?
hero member
Activity: 588
Merit: 500
So whats the process to claim all your NEM if you currently hold multiple stakes?

How many stakes of the AE are allowed per address? Is it only 1?

The limit is 2 per address.
legendary
Activity: 1146
Merit: 1000
So whats the process to claim all your NEM if you currently hold multiple stakes?

Please read this: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

Doesn't mention anything regarding multiple stakes..
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
So whats the process to claim all your NEM if you currently hold multiple stakes?

How many stakes of the AE are allowed per address? Is it only 1?
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
5 billion and forget the round numbers.

I vote for 5 million as well..  Smiley
hero member
Activity: 588
Merit: 500
NEM ....best currency distribution ever ...!!!!!!!
I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.

Is this some kind of vague threat? (If not, I apologize. But it just reads that way.)

no no threat! but you should not make it too complicated. There are only a handful of people have the +10 stakes.
I paid for it and let's be honest: how many has utopianfuture?

Just think about this, the people who use more than 10 stakes this as a fund or as a long term investment because they believe in NEM.

I dont think its going to change now whatever anybody says. Its not that hard to create a few nxt accounts is it? If your really interested in NEM then its a small price to pay to be such a big stakeholder. As regards utopianfuture, he was not exempt from the months of public auditing if he indeed had any stakes. None were found relating to him.
full member
Activity: 234
Merit: 100
I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.

Is this some kind of vague threat? (If not, I apologize. But it just reads that way.)

no no threat! but you should not make it too complicated. There are only a handful of people have the +10 stakes.
I paid for it and let's be honest: how many has utopianfuture?

Just think about this, the people who use more than 10 stakes this as a fund or as a long term investment because they believe in NEM.
hero member
Activity: 734
Merit: 500
Hi all,
I have a NEMstake on the nxt asset exchange. Is it possible to redeem the NEM coins in two parts.

I don't want to make mistakes when claiming my coins. So i first want to send 0,1 NEMstake and look if the process works out well and then the other 0,9 nemstake (all from the same nxt adress).

If not possible i have to use two nxtadresses.

As of my understanding you send the nxt Token to the (to be announced) Issuer Account, including your already generated NEM Account Number. Then You have to wait till NEMesis is created and beginning with the first Block of the official NEM Blockchain the NEMs are in your assigned NEM Account.
sr. member
Activity: 427
Merit: 250
Hi all,
I have a NEMstake on the nxt asset exchange. Is it possible to redeem the NEM coins in two parts.

I don't want to make mistakes when claiming my coins. So i first want to send 0,1 NEMstake and look if the process works out well and then the other 0,9 nemstake (all from the same nxt adress).

If not possible i have to use two nxtadresses.

hero member
Activity: 588
Merit: 500
I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.

Is this some kind of vague threat? (If not, I apologize. But it just reads that way.)
full member
Activity: 234
Merit: 100
I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.
hero member
Activity: 497
Merit: 501
can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  Wink

these are stupid rules, every NEMster should be glad to have bigger investors!

I'm personally on the fence about this rule, but I have to agree with the consensus. Obviously, this rule is frustrating for bigger investors and that is the point. NEM is supposed to give everyone an equal opportunity and one thing we wanted to avoid from the beginning was someone coming in and buying up a large percentage of all NEM in circulation. There are, of course, arguments for and against this policy but having such large investors really goes against the spirit of NEM because we cannot really verify such an investor's intentions.

If such an investor wanted to buy a large portion of NEM to give them away or to hold indefinitely, then that would be great but in most cases these whales just want to buy a huge chunk to dump it for BTC or fiat later which is not good for the NEM ecosystem. (Just look at what the NXT whales do to NXT's price.)

The good news is that after the launch everyone will be able to buy as much as he wants.

Yes, exactly. Smiley

Precisely. And because people can buy in as much as they like once the currency is on exchanges, there is no need to undermine the initial distribution (that often preaches equality and fairness in opportunity) by removing the 2 nemstakes per nxt account restriction.

There is absolutely no doubt in my mind whatsoever, that there are plenty of people who go over these forums with the pockets deep enough to buy deep into IPO's and dominate those currencies, crashing them, or, if it suits, sending them to the moon. In the end, crypto's that have an IPO will serve to enrich a small minority, making them no better than FIAT or new POW coins - if not many times worse.

I say PoW coins because there's a select minority that owns the majority of the hashing power. the PoW model is no longer a fair means of distribution and any new coin that adopts PoW/Mining are only enriching those already rich. It worked in Bitcoins era, because it was a new thing. Not anymore.

I'm glad many devs see it from my perspective, and are content on keeping (and enforcing) the original rule.
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