Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1797. (Read 2985503 times)

No, but fiat has inflation.

Does fiat has expiry dates?

I recently talked with a local economics prof about cryptos and he was saying that coins need to expire if not spent, so that people will stop hoarding and spend money ....

Yes but there's exponential decay / coin aging and then interest.  It is not viable mechanism for a free market crypto currency but PoSV would be the choice mechanism for a government controlled crypto currency.

The whole point of crypto currencies, in my opinion, was to get away from $Fiat inflation and yet PoSV introduces a comparable equivalent to $Fiat inflation.

Mark Karpeles saw Makoto's tweet and he already replied.    Something about being accepted at Starbucks in the hidden code?!

My largest crypto holding is in a PoSV coin.    Nothing wrong with PoSV if you are a follower of the economic policies of Emperor Diocletian.  

I have been using PoI in the alpha and have written a preliminary draft of its' comparison with PoSV (for my own consumption) but I have not found an appropriate contemporary scholar and I may have to dwell pre-1920 (or check foreign languages) to find the appropriate one.

 Ethereum is in the conceptual phase and they are running an IPO, so they will say anything (and don't have to prove it) to get people to invest.

Actually the Ethereum IPO has been a let down to an extent.  They only had 4440 incoming transactions and 100 wallets (wallets =/= people) own like 45% - 50% of Ethereum according to a blog post I saw from Vitalik.  Wallets are not people, like if I wanted to invest $1 million $Fiat into Ethereum then I would do it in 5 to 10 wallets to minimize loss from a hypothetical wallet theft.  


Is 4440 really that impressive if NEM was able to get 3000?  The demand to become a stakeholder for NEM was such was that NEM could had done 5000 or even as much as 10,000 (a far bigger figure than 4400) stakeholders.  So it led me to conclude that there's actually very little demand or userbase for Ethereum.

  The number 3000 just made sense as it's a lucky number (and a round easy to remember number) and it was enough distribution to curb the influence of whales that we see in almost every cryptos.  

I don't even think a whale can occur in NEM due to how  it is structured.  There's only ever like 10-20 stakes for sale on the token exchange and someone buying 20 stakes does not make them a whale (although it's more then what other people have).   You need at least 200 - 600 stakes to become a whale and there simply isn't enough sellers at 20,000 - 100,000 NXT to make that happen. 

Another concern i'd like to express is this:

https://bitcointalksearch.org/topic/it-costs-009-cents-to-send-024-cents-of-bitcoin-really-743599

I actually agree with the OP in this thread. Bitcoin is really unfriendly to micro-transactions especially after fee's and such. Is NEM going to take this into account?

Another is this:

https://bitcointalksearch.org/topic/the-medias-death-grasp-on-bitcoin-price-743924

Which i also believe is very valid. Any thoughts on the above guys? It's another concern i agree with - because lets face it, mainstream media doesn't exactly have a track record of publishing accurate or truthful information.

Here is a "full report" of the Nxt - bter story: http://www.enterstageright.com/archive/articles/0814/cryptocurrpbterjob.htm

It's a bit too long, but indeed, quite intriguing.

That word shouldn't be used, even with quotations, in the same sentence as NEM.  10 stakes is 0.0025% of the total supply of 4B.  When developers in many cryptos take up to 0.97% (97%) and other coins have individual whales taking as much as 0.3% (30%).

As pointed out that is his investment fund wallet.  I don't think he would appreciate us linking his private wallet.  He actually has a moderate amount of NXT himself and he doesn't own any NEMstakes.   His fund acquiring NEMstake was likely due to requests from investors.

I am confused, what is exciting???

Oh my, this is exciting.

Please don't go all nuts about it. I think Makoto is most excited and that's why he's going all nuts on twitter

Gold and Silver coins?

Well, we are all nuts about NEM anyway. And support NEM we must so that we are the best! :-)