Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1678. (Read 2985436 times)

Yes, those two options have been suggested but for various reasons been rejected. An equal distribution would create tons of problems (how to handle those who've sold on the NXT AE etc.) and the stake holders already have enough NEM (NEM need to be spread).

Burning the NEM is in my option still an acceptable solution but it has also been rejected.

Jyrvalor posted an imo great proposal (although not sure how, and if it should/can be implemented).

https://forum.nemcoin.com/index.php?topic=2501.msg6395#msg6395

Machetes can stop gunshots, though

Regarding the unclaimed stskes, has anyone suggested a dutch auction with proof of burn? Or equal distribution of them to all holders of nem on a specific date and time.

These are the only two fair distributions imo.

Yes sir.

2nd mass.

For now just the first investitors will claim the stakes. This investitors are in the first and second threads.

 

How could claiming be automatied for a year ? It could be "automated" right now by putting everyone into NEMESIS. After that it's manual work.
Even if we were to figure out a way to automate it forever and a way to tell everyone about it when they already missed the first call. I wouldn't sleep well knowing there is 1 system holding many millions of NEMs just waiting to be broken.

Imagine one year is gone after launch... and there are something around 95% of stakes there unclaimed.

What to do whith this stakes?

Looks like its better do the final decision now. Imagine one year ahead from now: imagine one stake means 50 k U$$ (hypothetically).  The price of the coin will fell faster than a meteorite.

Why? People put money in Nem. No one will afford to let money invested in Nem while lets say "new coins are ariving to the market" (unclaimed stakes). basic rules of market pricing. The more it has, less it is valuable.

 

If we have bought on asset exchange we wait? Is this correct?

In pos coins its nice to have 50 % of the stake? 

38 k nxt to 34 k nxt... seems normal to me.

Speculation is speculation!! There is no time for this

 

patmaster: Is it really so hard to understand ...

Well, then you just prioritize ur work, do not read postings which irritate u soooo much and make those more imp th.
Can u explain why a year brings more work than a month? Isnt claiming automated?


When reading ur response it is not hard to understand why u do not see the psychological issues of negative and positive feedbacks. It can be seen from the way u treat others.
Imho, u shud go to some study course about PR, and get stripped of non friendly words (delusional, etc) and teutonic arrogance, and learn to not take everything so personally, eg. this posting . Remember we all are ur friends and fellow nemsters
   

Is it really so hard to understand that we'd like to get this over with and work on more important things ?


It's more work and for the time those funds just sit there unused when they could be put to good use.


https://chain.nem.ninja/stakes/registered

You already have 25% development funds. Why do you  25% more?

Lets rename nem to ripple as 50%+ will be controlled by the "insiders" (for development, of course, what a joke).

 

+1   to psybits's post 

The possible negative backlash can cause probs to NEM image.
Also the positive feedback is possible (like psybits wrote): if some poor guy finds from his old computer the info to claim the stake.

If it is possible to reserve a month extra time to claim the stake after the launch, then what does it require more to reserve a year?
Does it cause more risks or does it bring just more work to nem dev team?

Are the names of already claimed public? Must it be public or can it be secret... In that way it could make the stealing of an unclaimed stake more difficult.

Bumping for people just coming in. 

These are the instructions to redeem your stake. 

NXT Asset Exchange NEMstake holders don't do anything right now, just wait for further instructions. 

We need to close that unclaimed stake dilemma ASAP and focus to the launch and marketing efforts

I see where you are coming from but I think you're forgetting that those funds could be used for spreading NEM further or funding great projects. If we go with 1 year they'll just sit there for one year not aiding anyone.

Yeah - there should definitely be anti-FUD measures in place before/after launch. So what is the specific deadline for these unregistered people?

patmast3r your idea sounds like an OK compromise. These people who forgot about their stake could bring a lot of value to NEM. Can you imagine the story about the guy who forgot his stake and was a millionaire (or it if was worth 10K + USD)? Just like the really early Bitcoin millionaires who forgot about their coins We want to make NEM something positive and I believe this includes giving people positive experiences like discovering they are rich from their old, forgotten NEM stake! Personally I would support a year or more - as by my logic if someone has purchased something (a NEM stake) it does belong to them - no matter when they decide to claim it.

I fear a negative backlash when "Joe average" goes to redeem his forgotten NEM stake and discovers he has nothing! Ethically it is wrong. Compare this to the stories of the early Bitcoin adopters who forgot they had some coins stashed away and made hundreds of thousands / millions in fiat. When NEM becomes huge this will bring down a shitstorm upon NEM if old early adopters can't claim their stakes - you have all been warned

If anyone here is worried about early NEM adopters claiming their stakes and "cashing them in" you are showing that you don't believe the NEM ecosystem can handle some sell offs in the future, and therefore don't really believe in the potential of NEM

EDIT: This is the last I'll say on the topic - but when NEM is huge and all the old early supporters come out to claim their stakes don't blame me when NEM crashes and burns from a public backlash, instead of rising even higher from all the awesome stories of the old adopters who are now NEMilllionares Your thinking is backwards and NEM will suffer because of it.

If it does come to that I'll probably let the spambot loose one more time on all not registered people.

Seems like a good compromise - would also suggest putting the deadline (the deadline before the fee starts being applied) in the title and OP of all NEM threads. Make it as hard as possible for those who don't claim to ever say they were treated unfairly, didn't know and couldn't have known without digging through tons of NEM posts/threads.