Well the true distribution was arguably before the asset exchange went live, when you had 3000-ish stakeholders. Asset exchange was a response to dissent that people wanted a means to trade and the development team listened and conceded. This is why NEM is a great coin as it isn't a Developer-Dictatorship but a true community.
There was only 700-ish tokens requested and most of them requested was only for security reasons. If you look at the asset exchange, there's only ever like 10 stakes being listed for sale and half of them are listed at way above historic market prices (thus it's difficult to acquire any large amounts).
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1735. (Read 2985623 times)
September 23, 2014, 03:55:02 AM
September 23, 2014, 03:38:03 AM
What about the 2 stakes maximum at NXT AE? Gone?
Not gone. It's still 2 stakes per wallet on the NXT AE. It's a soft cap. If you bought 60 stakes then yes you can create 30 wallets and retrieve your 60 million NEM.
In practice I don't think that is the case (due to the $Fiat cost and many hours of work involved) nor is it really our concern.
NXT had people who received 5% of the total supply just for sending in 1.5 BTC (which back then was like $150) and arguably that was done in minutes of work.
Nobody has 5% of NEM (200 stakes) due to the $Fiat cost (it would be like $170K-$200K), hours of work involved or even the mere fact that there isn't really enough NEM for sale to make it happen (true 700-something requested tokens but there's only ever like 10 NEMstake for sale at any given time and many of them are listed above 30K NXT).
Seems like fuel for criticism that could come up later about distribution if stakes are forced to be split (could be said that the distribution was manipulated to look spread out). I'm personally holding a few for other people and unfortunately will have to split them across multiple NEM accounts.
September 23, 2014, 03:35:09 AM
I guess we could make a how-to video for each phase once it starts to really make everything abundantly clear.
I thought Amy's idea on the NEM forum made a lot of sense.
Left Side -- Right Side
Have to recall that NEMbers have a range in technological literacy. We have programmers and developers but on the flip side we have people who are essentially technologically illiterate and then most people are somewhere in the middle. There's also a lot of NEMbers who are not fluent in English as well.
It could even be picture coded. You could use a generic photo of someone's forum post stating they were interested on the left side. On the right side, someone's photo of their NEMstake in the NXT blockexplorer.
September 23, 2014, 03:03:22 AM
I guess we could make a how-to video for each phase once it starts to really make everything abundantly clear.
September 23, 2014, 03:02:20 AM
What about the 2 stakes maximum at NXT AE? Gone?
Not gone. It's still 2 stakes per wallet on the NXT AE. It's a soft cap. If you bought 60 stakes then yes you can create 30 wallets and retrieve your 60 million NEM.
In practice I don't think that is the case (due to the $Fiat cost and many hours of work involved) nor is it really our concern.
NXT had people who received 5% of the total supply just for sending in 1.5 BTC (which back then was like $150) and arguably that was done in minutes of work.
Nobody has 5% of NEM (200 stakes) due to the $Fiat cost (it would be like $170K-$200K), hours of work involved or even the mere fact that there isn't really enough NEM for sale to make it happen (true 700-something requested tokens but there's only ever like 10 NEMstake for sale at any given time and many of them are listed above 30K NXT).
September 23, 2014, 02:52:21 AM
Thanks for the feedback everyone, it is very appreciated. We will do our best to make things more clear so that the redemption process is well understood and can run as smooth as possible.
September 23, 2014, 02:50:30 AM
It is not complicated for me 
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
I really appreciate you feedback.
I guess I just didn't expect anyone that isn't familiar with computers at all to be a NEM stakehodler.
Thanks for your reply. I appreciate your view also.
NEM stakes were purchased for everyone. All types of people. Not necessarily just BCT
member regulars. It has an appeal for the whole family. All walks of life.
You are right. I have been going around promoting NEM to crypto enthusiasts and they get confused with NEMstake and AE. People who are new to NEM (and even NEMsters themselves who signed up earlier) find it hard to understand what a NEMstake is all about. They think NEMstake is NEM coins and get even more confused if they can buy from an AE in Nxt only and also Secureae is not helping either. They usually ask why they need to change to NEM coins.
We should be very clear on this.
I think a detailed, step-by-step guide (ideally with images) would be ideal to help people along with the the redemption process.
Even though i'm familiar with crypto's, I'd appreciate such a tutorial just to make absolutely, 100% sure what i do is correct. The last thing i'd want is to jeopardize my claim.
September 23, 2014, 02:43:53 AM
It is not complicated for me
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
I really appreciate you feedback.
I guess I just didn't expect anyone that isn't familiar with computers at all to be a NEM stakehodler.
Thanks for your reply. I appreciate your view also.
NEM stakes were purchased for everyone. All types of people. Not necessarily just BCT
member regulars. It has an appeal for the whole family. All walks of life.
You are right. I have been going around promoting NEM to crypto enthusiasts and they get confused with NEMstake and AE. People who are new to NEM (and even NEMsters themselves who signed up earlier) find it hard to understand what a NEMstake is all about. They think NEMstake is NEM coins and get even more confused if they can buy from an AE in Nxt only and also Secureae is not helping either. They usually ask why they need to change to NEM coins.
We should be very clear on this.
September 23, 2014, 02:10:49 AM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
Hello.
The phase 1 seems a little bit complicated or at least I wasn't able
to understand how it goes by reading it only once.
Maybe having a flow chart that shows the redemption process in steps could be useful
and will be more clear and understandable.
A flow chart is probably a good idea.
September 23, 2014, 02:02:19 AM
It is not complicated for me
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
I really appreciate you feedback.
I guess I just didn't expect anyone that isn't familiar with computers at all to be a NEM stakehodler.
Thanks for your reply. I appreciate your view also.
NEM stakes were purchased for everyone. All types of people. Not necessarily just BCT
member regulars. It has an appeal for the whole family. All walks of life.
September 23, 2014, 01:58:40 AM
What about the 2 stakes maximum at NXT AE? Gone?
September 23, 2014, 01:58:39 AM
It is not complicated for me
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
I really appreciate you feedback.
I guess I just didn't expect anyone that isn't familiar with computers at all to be a NEM stakehodler.
September 23, 2014, 01:52:55 AM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
The phase 1 seems a little bit complicated or at least I wasn't able
to understand how it goes by reading it only once.
Maybe having a flow chart that shows the redemption process in steps could be useful
and will be more clear and understandable.
I agree that phase 1 seems a bit complex. Should be able to figure it out but the person
receiving the second stake for them, will have a hard time without my help. They are not
that computer savy and only have a cell phone.
Should be fine. Hope process is very clear in final revision. Looks good so far.
I'm sorry people but how is this complex:
Step1: Receive a pm with a code.
Step2: Visit a website enter the code and click submit
Done.
It's more complicated to sign up on btt and you all figured that out
I really don't mean to be condescending (I'm sometimes borderline retarded myself) but srsly how could phase 1 be any easier ?
Hi
It is not complicated for me
The person receiving the second stake is not that familiar with computers. Not everyone
is you know. They will need help. Nothing to do with being slow. Some people just have
different strengths and skills dealing with crypto and stuff.
The directions emphasize being correct in the procedure. Feedback was requested and
this is my view.
September 23, 2014, 01:46:36 AM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
The phase 1 seems a little bit complicated or at least I wasn't able
to understand how it goes by reading it only once.
Maybe having a flow chart that shows the redemption process in steps could be useful
and will be more clear and understandable.
I agree that phase 1 seems a bit complex. Should be able to figure it out but the person
receiving the second stake for them, will have a hard time without my help. They are not
that computer savy and only have a cell phone.
Should be fine. Hope process is very clear in final revision. Looks good so far.
I'm sorry people but how is this complex:
Step1: Receive a pm with a code.
Step2: Visit a website enter the code and click submit
Done.
It's more complicated to sign up on btt and you all figured that out
I really don't mean to be condescending (I'm sometimes borderline retarded myself) but srsly how could phase 1 be any easier ?
/edit: Just checked the portal on my phone and it workes there too so there really should be no problem for anyone.
September 23, 2014, 01:26:40 AM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
The phase 1 seems a little bit complicated or at least I wasn't able
to understand how it goes by reading it only once.
Maybe having a flow chart that shows the redemption process in steps could be useful
and will be more clear and understandable.
I agree that phase 1 seems a bit complex. Should be able to figure it out but the person
receiving the second stake for them, will have a hard time without my help. They are not
that computer savy and only have a cell phone.
Should be fine. Hope process is very clear in final revision. Looks good so far.
September 22, 2014, 11:51:18 PM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
Hello.
The phase 1 seems a little bit complicated or at least I wasn't able
to understand how it goes by reading it only once.
Maybe having a flow chart that shows the redemption process in steps could be useful
and will be more clear and understandable.
We will definitely make sure the instructions are as clear as possible. Don't worry, we are going to do everything we can to make it simple and easy to follow.
September 22, 2014, 11:10:52 PM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
Hello.
The phase 1 seems a little bit complicated or at least I wasn't able
to understand how it goes by reading it only once.
Maybe having a flow chart that shows the redemption process in steps could be useful
and will be more clear and understandable.
September 22, 2014, 10:35:08 PM
"unconfirmed holding condition" means.
Somebody sent to me uncredible 1,000,000 Nem with a message "have fun". but it was unconfirmed. and my balance was 0. and could not send to somebody.(=holding)
I've never seen time goes back and unchanged block no..
Always "NIS is synchronizing. At block 14779," and "est. 33 --> 34-->35--> 36 days behind"
Java(TM) ME SDK 8.0 is also Java 8, right?
What do you think about that I make another wallet? Is there any problem?
Somebody sent to me uncredible 1,000,000 Nem with a message "have fun". but it was unconfirmed. and my balance was 0. and could not send to somebody.(=holding)
I've never seen time goes back and unchanged block no..
Always "NIS is synchronizing. At block 14779," and "est. 33 --> 34-->35--> 36 days behind"
Java(TM) ME SDK 8.0 is also Java 8, right?
What do you think about that I make another wallet? Is there any problem?
It was me who send you the 1M NEM and I am sure those nem are indeed on your account, you just can't see them. You are definitely stuck on a fork. Are you running the latest version (0.2.18)?
I think it would be best for you to shutdown the software and delete the database (file c:\users\
September 22, 2014, 09:20:47 PM
Announcing NEM t-shirts arrive 9/5/14!
You can view the thread here: https://bitcointalk.org/index.php?topic=760787.new#new
Orders begin 9/5/14
Pre-Order Now!
Support NEM with a NEM T-Shirt!
This will be the second group of NEM T-Shirts I have issued, the first set of 15 featured the cube logo and were purchased for a Bitcoin & Cryptocoin club.
This new set features the new official NEM logo branded on a high quality 100% cotton material.
For my first public run I will print 10 tees.
-1 Small
- 4 Medium
- 4 Large
-1 XL
Any orders outside the quantities specified may be delayed for about a week to shipment.
You can view the thread here: https://bitcointalk.org/index.php?topic=760787.new#new
Orders begin 9/5/14
Pre-Order Now!
Support NEM with a NEM T-Shirt!
This will be the second group of NEM T-Shirts I have issued, the first set of 15 featured the cube logo and were purchased for a Bitcoin & Cryptocoin club.
This new set features the new official NEM logo branded on a high quality 100% cotton material.
For my first public run I will print 10 tees.
-
- 4 Medium
- 4 Large
-
Any orders outside the quantities specified may be delayed for about a week to shipment.
I bought one of these shirts (the small) from EFFV and was happy with my purchase. I sent him NXT and then he promptly sent the t-shirt as promised. If anybody is interested in getting a shirt, I can recommend him.
---------------------------
Rock Star NEM Power. hahaha
Thanks Jabo!
September 22, 2014, 07:17:24 PM
Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
We are interested in hearing your thoughts and feedback before we move forward with it.
We are interested in hearing your thoughts and feedback before we move forward with it.
Great news :-)
Seems like a good process to me.
Those deadline restrictions make me nervous when we don;t even have any dates yet.
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