Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1671. (Read 2985436 times)
October 14, 2014, 02:26:08 AM
Sorry for my ignorance, but i cannot find informations about. Do you have a timeline for the step 1 redemption?
October 14, 2014, 02:16:27 AM
Nem Stake distribution is bad ass imo.
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
This doesn't prove any thing. I have a lot of nem stakes in different NXt accounts, but this graph won't tell you that. You would think all these are different people, but they aren't.
same with 140 nxt accounts.
October 14, 2014, 01:43:28 AM
The idea behind that was to make it tedious for people to redeem large amounts of stakes without really limiting the free market. If people know they have to split up their stakes they might not buy more stakes because they are too lazy to split them up. We all know many crypto folks are lazy as fuck.
What a stupid idiotic logic. Why on earth would you want to launch a coin where you don't want people to buy it by making it harder for them? This is not the question of "distribution" anymore as people who bought it on AE bought it with real money on market price.
How are you going to stop people from buying the coins after the launch if your goal is to stop people from buying too many coins?
You also ignored my question about what happens to more than 2 stakes when someone sends them to you using the same account? Are you going to confiscate/steal those stakes and add them your ever increasing "development" fund? That would be really pathetic theft if that happens as that person bought it with real money. You will be officially a thief if you steals someone stakes by using that excuse.
October 14, 2014, 01:37:40 AM
How much NEM stakes are allowed for each NXT address? Are there any restrictions or limitations? Thanks.
2 stakes per nxt account. If you have more than 2 you split them up to more nxt accounts before cashing them in for real NEM. I feel like I anserwed this like 20 times 
What a meaningless retarded requirements.
What a rediculous statement.
It's actually a decent (and necessary) deterrent from big players buying/hording nemstake, as they'll be reluctant to spend any large amount of time distributing their stakes across a host of NXT accounts to comply. This i didn't think would need explaining unless you're one to be buying Nemstake in huge quantities yourself.
I'm personally glad the requirement stands for this very reason - as there are plenty of individuals who are into crypto with the resources to buy out Nemstake in almost any quantity they choose. Especially NXT whales. So no, it's far from "Meaningless" or retarded, as you so eloquently put.
So why are you forced to divide your Stakes to several Accounts? NEMs Advance from the beginning was the good Distribution. This Advance was destroyed when going to the AE. Now there are some People with 10, 20, even 32 Stakes. (Even one with 252, but I think thats the Distribution Account, but it has no Name or Alias attached).
So everyone here is blaming nxt for its Distribution. If everyone is forced to divide his AE Stakes to several Accounts you´ll never have a real Picture about the REAL first NEM Distribution, right?
I think the whole idea of you must "split" your more than two stakes is so that we can brag by claiming we got "good distribution", even if it's achieved by artificially splitting stakes.
There is no other logical reason to do that.
What happens if someone refuses to split their stakes that they bought?
I am betting the developers will steal those stakes too and will add them to their ever increasing "development" fund.
Alright, I'll give an answer to this one post. After that you're addded to my ignorelist. Are you butthurt that you beloved NXT has hard times ?
The idea behind that was to make it tedious for people to redeem large amounts of stakes without really limiting the free market. If people know they have to split up their stakes they might not buy more stakes because they are too lazy to split them up. We all know many crypto folks are lazy as fuck.
We should do anythoer analsysis after the distribution is finished. Once thing is for sure. NEMs distribution will be hell of a lot better at day 1 thatn NXTs a year after launch.
People think distribution isn't that important but it's very important. That's not an opinion that's fact. You can't depend on people to do the right thing for the ecosystem if thy can just do what's best for themselves and dump for profit. Didn't BCNext run aways because most stakeholders where to dumb to realize that ?
October 14, 2014, 01:24:50 AM
How much NEM stakes are allowed for each NXT address? Are there any restrictions or limitations? Thanks.
2 stakes per nxt account. If you have more than 2 you split them up to more nxt accounts before cashing them in for real NEM. I feel like I anserwed this like 20 times What a meaningless retarded requirements.
What a rediculous statement.
It's actually a decent (and necessary) deterrent from big players buying/hording nemstake, as they'll be reluctant to spend any large amount of time distributing their stakes across a host of NXT accounts to comply. This i didn't think would need explaining unless you're one to be buying Nemstake in huge quantities yourself.
I'm personally glad the requirement stands for this very reason - as there are plenty of individuals who are into crypto with the resources to buy out Nemstake in almost any quantity they choose. Especially NXT whales. So no, it's far from "Meaningless" or retarded, as you so eloquently put.
So why are you forced to divide your Stakes to several Accounts? NEMs Advance from the beginning was the good Distribution. This Advance was destroyed when going to the AE. Now there are some People with 10, 20, even 32 Stakes. (Even one with 252, but I think thats the Distribution Account, but it has no Name or Alias attached).
So everyone here is blaming nxt for its Distribution. If everyone is forced to divide his AE Stakes to several Accounts you´ll never have a real Picture about the REAL first NEM Distribution, right?
I think the whole idea of you must "split" your more than two stakes is so that we can brag by claiming we got "good distribution", even if it's achieved by artificially splitting stakes.
There is no other logical reason to do that.
What happens if someone refuses to split their stakes that they bought?
I am betting the developers will steal those stakes too and will add them to their ever increasing "development" fund.
October 14, 2014, 01:19:11 AM
Nem Stake distribution is bad ass imo.
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
Thanks for the post Kod, good points.
October 14, 2014, 01:17:23 AM
Nem Stake distribution is bad ass imo.
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
This doesn't prove any thing. I have a lot of nem stakes in different NXt accounts, but this graph won't tell you that. You would think all these are different people, but they aren't.
October 14, 2014, 01:00:59 AM
How much NEM stakes are allowed for each NXT address? Are there any restrictions or limitations? Thanks.
2 stakes per nxt account. If you have more than 2 you split them up to more nxt accounts before cashing them in for real NEM. I feel like I anserwed this like 20 times What a meaningless retarded requirements.
What a rediculous statement.
It's actually a decent (and necessary) deterrent from big players buying/hording nemstake, as they'll be reluctant to spend any large amount of time distributing their stakes across a host of NXT accounts to comply. This i didn't think would need explaining unless you're one to be buying Nemstake in huge quantities yourself.
I'm personally glad the requirement stands for this very reason - as there are plenty of individuals who are into crypto with the resources to buy out Nemstake in almost any quantity they choose. Especially NXT whales. So no, it's far from "Meaningless" or retarded, as you so eloquently put.
So why are you forced to divide your Stakes to several Accounts? NEMs Advance from the beginning was the good Distribution. This Advance was destroyed when going to the AE. Now there are some People with 10, 20, even 32 Stakes. (Even one with 252, but I think thats the Distribution Account, but it has no Name or Alias attached).
So everyone here is blaming nxt for its Distribution. If everyone is forced to divide his AE Stakes to several Accounts you´ll never have a real Picture about the REAL first NEM Distribution, right?
October 14, 2014, 12:54:41 AM
Nem Stake distribution is bad ass imo.
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
Not to be captain negative, because I like these numbers, but you'll want to re-run that after the 2 stakes per account people redeem and consolidate :S. Don't get me wrong, I can't imagine that will throw these charts off wildly, but some of that is skewed, I suspect, by our own requirements
. Some of the folks are being lazy and carrying 19 or 10 stakes around in their nxt accounts, and may or may not dump some out of lazyness around launch time, and some folks are probably cruising around with a couple different nxt accounts in the 0.1 to 2.0 range. Pure speculation. 
October 14, 2014, 12:07:12 AM
When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins When do we get our coins
This is the 5th time I've asked with no response.
This is the 5th time I've asked with no response.
October 13, 2014, 09:56:00 PM
October 13, 2014, 09:09:28 PM
How much NEM stakes are allowed for each NXT address? Are there any restrictions or limitations? Thanks.
2 stakes per nxt account. If you have more than 2 you split them up to more nxt accounts before cashing them in for real NEM. I feel like I anserwed this like 20 times What a meaningless retarded requirements.
What a rediculous statement.
It's actually a decent (and necessary) deterrent from big players buying/hording nemstake, as they'll be reluctant to spend any large amount of time distributing their stakes across a host of NXT accounts to comply. This i didn't think would need explaining unless you're one to be buying Nemstake in huge quantities yourself.
I'm personally glad the requirement stands for this very reason - as there are plenty of individuals who are into crypto with the resources to buy out Nemstake in almost any quantity they choose. Especially NXT whales. So no, it's far from "Meaningless" or retarded, as you so eloquently put.
October 13, 2014, 08:58:35 PM
NEM and Node for me. I can't get excited about knockoffs.
October 13, 2014, 08:50:26 PM
I agree. NEM and XCurrency are my two largest holdings by far.
My top two are NEM and counterparty.
My top two are NEM and Jinn. If you count assets.
October 13, 2014, 08:18:42 PM
I agree. NEM and XCurrency are my two largest holdings by far.
My top two are NEM and counterparty.
October 13, 2014, 08:17:19 PM
why the price had this huge drop in the last few days? 
because i made all the women leave . .
edit: no, not all of them, only the weak hands, don´t worry.
Still here, still don't like the comments and don't like you referring to women who would leave because of them as "weak hands". No way am I going to let this thread turn into a gender debate because there is no point and there is nothing I hate more than gender debates on the Internet, but you have to understand that comments like that just are not acceptable in any social context.
If you have to say "don't tell her that" then you shouldn't be saying it in the first place. That's all I'll say about it, and I hope nobody else even brings it up anymore because it's pointless. Let's just leave it at this.
+1 let's all be civil
October 13, 2014, 05:45:04 PM
It is not just the most important NXT devs are leaving, THE DEVELOPER is leaving. Yes, there is James who is prolific and Jean Luc too, but really CfB is NXT. He is now moving on and with it will go the best ideas of NXT. The whole reason he built NXT was a test and he was pretty much honest about that always saying he would have a next project. NXT has a good enough start, it very well might live on and grow into something special, especially if James can get his Supernet going. James was good enough to do MGW, so maybe he can. Then again, MGW isn't working at the moment. Just saying. Ciyam is suppose to release his long discussed project and I feel confident he will deliver.
Where did you get the idea that CfB is leaving? At most he said that the development work needs to be decentralized more, it shouldn't depend on him only, he's trying to involve others to code for NXT, which is happening more and more.
From what I have read anyway
In the JINN thread and elsewhere he said he is leaving and he said he will finish his projects. All of which are extremely ambitious and will bring huge value to NXT. But his main focus has been turned elsewhere to JINN. In reality his focus has always been JINN. He was talking about it and working on it years before NXT came out.
I personally do hope lots of other devs step up and work on the ecosystem. I've seen James do it, and like I said I beleive Ciyam will too. Both of which I think bring a huge amount of value to NXT and either of which is multiple times more capable than 99% of alt coins.
Still with CfB not taking on any new NXT projects, I'm not quite as optimistic. He is the only one that time and time again proved reliable. James did MGW which to me is absolutely amazing, so I still have a lot of NXT (well, a lot to me). It's my second largest holding after Bitcoin (still not that much).
Anyway..... back to the point NEM DEVS ARE MANY, COORDINATED, AND TALENTED
October 13, 2014, 05:40:35 PM
So basically 140 people control NXT. That's double from the original 70, but still just aweful. If one cashes out, then the price just tanks.
If one NEMster cashes out, it'll probably effect trading for a day or two but have no permanent effect on the steady climb upwards in price.
The exception would be if a big dev account cashed out. I don't think the market could absorb that in a day. Hopefully the devs will be motivated to keep on developing. I believe they are serious, that's why I'm here. They are basically doing everything differently than the pump and dumps.
I think there are quite a few nxt whales that are cashing out a significant amount of nxt to fiat every week and just living off that money. That means all the new money going into nxt is feeding the lifestyles of 50-100 people. I think that is just to big of a drain.
With NEM any one NEMster stands to make a huge profit but not none of the NEMsters will have enough NEM to take $10,000 out of the NEM ecosystem week after week and month after month. While NEM and NXT are similar in some ways, this is a HUGE difference. It means that NEM won't be, can't be artificially controlled but instead the free market will take over and a real economy will be born.
As far as I'm concerned this is the first time this has ever happened in crypto. Not even Bitcoin can say that. It's going to be quite the interesting experiment.
If one NEMster cashes out, it'll probably effect trading for a day or two but have no permanent effect on the steady climb upwards in price.
The exception would be if a big dev account cashed out. I don't think the market could absorb that in a day. Hopefully the devs will be motivated to keep on developing. I believe they are serious, that's why I'm here. They are basically doing everything differently than the pump and dumps.
I think there are quite a few nxt whales that are cashing out a significant amount of nxt to fiat every week and just living off that money. That means all the new money going into nxt is feeding the lifestyles of 50-100 people. I think that is just to big of a drain.
With NEM any one NEMster stands to make a huge profit but not none of the NEMsters will have enough NEM to take $10,000 out of the NEM ecosystem week after week and month after month. While NEM and NXT are similar in some ways, this is a HUGE difference. It means that NEM won't be, can't be artificially controlled but instead the free market will take over and a real economy will be born.
As far as I'm concerned this is the first time this has ever happened in crypto. Not even Bitcoin can say that. It's going to be quite the interesting experiment.
October 13, 2014, 04:54:23 PM
Hey thanks for the infographic Kod, that answers some questions I had and it certainly looks very encouraging for NEM.
Other interesting fact: At a market cap of $3,152,121.86 or 8117.75 BTC that puts NEMstake right behind BlackCoin, not too shabby.
Other interesting fact: At a market cap of $3,152,121.86 or 8117.75 BTC that puts NEMstake right behind BlackCoin, not too shabby.
October 13, 2014, 04:24:18 PM
Nem Stake distribution is bad ass imo.
for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
+4000 Stakes for this i have assumed all stakes are redeemed. i have also assumed that the 25% for dev stuff has been split equally 25 ways just for arguments sake adding 25 account to number of accounts and adding 1000 stakes to the 10 - 50 stake range. iv no idea whats happening with those stakes so just stuck em in.
2822 possible nxt account holders excluding dev stakes so we have only lost 188 stake holders out of 3000 initial.. that is amasing..
some stats:
Stakes range no. of accounts % of Total Stakes % of Stakes
all accounts
--------------------------------------------------------------------------------------------------
0.1 - 0.4 193 6.78% 39.2 1%
--------------------------------------------------------------------------------------------------
0.5 - 0.9 89 3.13 % 54.7 1%
--------------------------------------------------------------------------------------------------
1.0 - 4.9 2519 88.48% 2668.1 67%
--------------------------------------------------------------------------------------------------
5.0 - 9.9 12 0.42% 84.7 2%
--------------------------------------------------------------------------------------------------
10.0 - 50.0 34 1.19% 1153.3 29%
--------------------------------------------------------------------------------------------------
no compare this with nxt(cant find a pic i can copy): https://nxtblocks.info/#section/blockexplorer_distribution
amount of nxt no. of accounts % of accounts total nxt % of all nxt
0-10 44922 78.89% 59596.00773985 0.01%
10-100 4010 7.04% 159677.21025917 0.02%
100-1,000 3286 5.77% 1262328.65081496 0.13%
1,000-10,000 2510 4.41% 8736397.06823062 0.87%
10,000-100,000 1530 2.69% 47858828.92765824 4.79%
100,000-1,000,000 549 0.96% 166355838.50015077 16.64%
1,000,000-1,000,000,000 139 0.24% 775547357.6386226 77.55%
tbh.. i think even if there are a good few unclaimed we are still very clear into the safe zone when it comes to distribution.. :)7
this is what distribution looks like with out dev stakes..
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