Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1796. (Read 2985265 times)

Any professional collector would see value in this but I don't know how they could come to know about it, unless they browse Bitcointalk or keep up with crypto news.  Even if they didn't see value in NEM itself they would value the limited issued physical coins.  Much like I see this becoming a popular asset on the NXT asset exchange as it is the first asset to issue physical gold and silver from a reputable source.

Just like if you bought Casacius today and then Bitcoin was later $0 - a Casacius 1oz silver would be worth thousands due to the novelty, first precedents and history behind it.

  As far as I know NEMsilver and NEMgold is the first crypto currency to be struck by an internationally renown mint and that brings value.   As well, there are collectors of Royal Mint / Perth Mint who would also want to collect the first crypto currency struck by them.

It's stupid.We need Nem ,don't need gold and makoto1337.

The darker someone's inner fraud and corruption are.

Let's make it a bit more flexible. Have some offline bulk deals to make things more exciting. 100 silver coins, 200 silver coins, 5 Gold coins? Something like that. Crowdsale need not be inflexible.

After all what we are interested is to raise some funds and let the community have the benefit of the coins that they deserve.

Price is 3700 NXT for the first 10 NEMsilver assets sold!

I'm pretty sure that I will buy one of the silver coins! Perfect way to support NEM.

Given the low mintages, if NEM is even remotely successful, I think the value of the coins will go up.

The coins include international shipping and insurance, so that is a fairly large part of the price, unfortunately.

I believe there is customization, shipping and insurance involved, which I believe makes the coin more expensive, cost wise, than a mass mint like the canadian maple or australian kangaroo coins. I guess there is also a premium for a premium mint. :-)

yah mike or mark dice is his name. yah  If I was offered that I would've been cha ching. best deall ever

There's a hilarious YouTube of a guy trying to sell the "$50 Canadian Coin" for $25 people to random people on the street in the United States and there was no takers, even though they could had taken the coin into the coin dealer behind him and get as much as $1400 -$1600.  
 

Royal Canadian mint has the purest pms. .9999 silver oz and .99999 gold oz

We hope that POI, as well as other features, will help to increase the velocity of money.

Maybe you should write in to them at [email protected] for a huge discount for having guessed right!

http://forum.nemcoin.com/index.php?topic=2368.0

This is it, guys
original post:
http://forum.nemcoin.com/index.php?topic=2368.msg4349#msg4349



Here is the big announcement - the 1oz 9999 pure gold and 999 pure silver bullion coin sale is on!
Details are all on http://altnemo.com

This is a HUGE step for NEM because with these coins:

- We will create a way for people to have a physical, tangible connection to NEM
- We can raise money for mobile apps and a fast trading exchange incorporating fiat
- In exchange for raising capital to fund the NEM ecosystem, we will give people stunningly beautiful coins, to be minted at the Perth Mint in 9999 pure gold and 999 pure silver bullion. Each coin will come with a NEM cold wallet (100 NEM for silver, 1000 NEM for gold), giving people both a physical and digital store of value.

Right now gold and silver prices are at incredible lows, so we hope that these coins can grow in value, as we work together to create the new economy.

Given that the coins are of the highest proof quality, to be minted at one of the best mints in the world, and that we are doing very limited quantities (at most only a few thousand silver and few hundred gold), you would expect each coin to cost quite a lot, given that international shipping and insurance is also required. With the goal of making money (this is a crowd sale to fund the NEM epic projects, after all), you would maybe expect a current price of 10,000 NXT per silver coin, once shipping is taken into account.

However, by working with a company in Singapore to help with logistics, we are getting the price down to less than 5,000 NXT per silver coin--this includes a NEM cold wallet and globally insured shipping!

In addition, people who buy these coins will get exclusive access to new information and preliminary versions of our projects, along with other exclusive benefits that we legally cannot name at this time!

Right now you can buy these coins on the NXT Asset Exchange as NEMsilver (Asset ID: 13343565057420780630) and NEMgold (Asset ID: 4280260188071460715). Once you buy the assets, you can redeem them for coins by following the instructions on http://altnemo.com/#buy. Prices for NEMsilver and NEMgold will vary a little as NXT fluctuates with respect to the USD, but currently NEMsilver is around 5,000 NXT and NEMgold is around 80,000 NXT.

Please support NEM and buy NEMsilver and NEMgold. This is a great chance to turn crypto into a physical asset and also help to build a better world.

PoI should address some of the concerns of velocity in PoW and PoS.  I know from reading the NXT forums that many people were disappointed that they couldn't stake much of anything.


 Bitcoin had velocity in the sense that anyone who needed Bitcoin (but had no $Fiat) could had CPU mined.  It's different now that the only way to profitably mine is through a Bitcoin ASIC factory (with immense electrical costs and overhead) and many of these are owned by people who already have excess $Fiat and capital.

Of course this velocity argument is sort of flawed in its' own way.  Someone in a developed country with a $500 - $1000 computer arguably is not as desperate for money as someone in rural Kenya..  this could be a dichotomous example as there likely have been urban Africans who have mined Bitcoin and/or alternates but later had to stop as they couldn't do it profitably when CPU mining was replaced by GPU and later ASIC / Scrypt.

The latest number of incoming transactions for Ethereum is 8020 and they raised about $13.815 million. The average transaction is about 3.5BTC.

On that basis, can we, a community of 3000 raise that much? We'll know, come the crowdsale. And we need only one tenth of it, or about 0.7BTC each! :-)

The first modern depression in the world was caused through a lack of velocity.
http://en.wikipedia.org/wiki/Panic_of_1893#Effects

This is probably what would happen if a pure PoS coin were to replace $Fiat in use.  There's no incentive for anyone in a PoS coin to spend their coins and thus you end up with hoarding.

Fiat bills can get moldy and destroyed over time, too. That is kind of what the prof was getting at.

Anyway, stealing money from everyone is NOT a good economic system. That being said, minor inflation is good in crypto to replace coins that are lost due to people losing private keys, etc.

An expiration date would not work as people would just turn it into a game of musical chairs.  We already see this to an extent in $Fiat where very few people anymore keep more than $10K in the bank - their savings goes straight into into their home or a retirement fund which is backed by physical assets or equity.

No, but fiat has inflation.

Does fiat has expiry dates?