Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1656. (Read 2985369 times)

Please update the language translations as soon as possible if you want them to be included:
https://forum.nemcoin.com/index.php?topic=2493.60

Yes, exactly.

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

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.)

Just look at what NXT achieved with so few stakeholders. NEM will be like NXT on crack, I really think there will be NEM ATM's, NEM <-> FIAT exchanges, NEM multipools and more appearing very soon after launch.

Taunsew is right.  While I think it is very awesome you came in, we also don't want somebody coming in and buying a large percentage of NEM and then being able to manipulate the market.  We want distribution as wide as possible and initially cheap enough to get a lot of people in. 

So yes, it has been designed so that it is really hard for somebody to own too much.  But yes, if somebody really wants it bad enough, they can. 

That "stupid rule" was to ensure nobody would come in and do something like buy 200 stakes.    These $capital restrictions also kept the price of NEMstake cheap so other people would have a chance to join NEM.


Technically speaking you can still buy 200 stakes but you would have to create 100 NXT wallets to do so, which is 100 transactions, 100 passwords to remember (and not lose), et cetera.  Kind of a lot of work that could take hours.  In every other coin to get 5% (or as much as 50%)  you just send in some BTC and you're done in 30 seconds.

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

Just have a bit of patience and you'll see wonders can happen. 

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

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

Every stakeholder will receive another PM with some more info soon.

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!

So whats the process to claim all your NEM if you currently hold multiple stakes?

Surely Busoni will list NEM in polo as I saw his name in the stakeholders list. But please someone give him a shout as he has not registered his token yet. We want everybody on board!!

not set place yet to exchange NEM for $, but I am thinking it will happen soon.   But that is just a conjecture. 

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.

Well...... other things need to go with it like multisig (oh look, NEM is working to have that on launch when other coins don't even have it after a long time post launch).  

Fingerprint scanner alone doesn't make it totally secure, but yes, in a right system built in the right app it is a piece to the ideal financial reality.  A crypto utilizing a fingerprint scanner correctly along with other security measures basically solves all security issues.  This is one of the great promises of crypto.  We are trying to make the world into one where nobody can steal your credit card information, nobody can get your password for your bank account via key logger, nobody can clone your debit card and empty your bank and so on.  It is not 100%.  Somebody could beat the system but that somebody would have to get your password, steal your phone, and then chop off your finger. Hahahaha.  And all for an account that might have restrictions on it so that even if they did get in, the money would be mostly locked down anyway.  

All kinds of parameters will be able to be put on an account in the future.  NEM will basically be programmable money.  The full implications right now can't even be fully imagined.  But the leap from paper money in your pocket, to digital programmable money, money that represents certain things (not just cash) and can only behave in certain ways under certain conditions will be a pretty big leap.  And yes, the fingerprint scanner will basically ensure that you are the only one programming your money.  

So question guy. Where can we trade NEM/$ in the future?

pretty soon well be #1 on NXT-AE lol. Excuse us SuperNET