NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1838.

Simakki

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Quote from: rockethead on July 30, 2014, 04:01:25 AM

Quote from: vytasz7 on July 30, 2014, 03:12:46 AM

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

I think you are right that there is no such thing as egalitarian distribution in free market. In other words, egalitarian distribution doesn't exist in free market. But I thought the intent was to have at the onset, egalitarian in distribution for NEM so that everyone gets evenly distributed with NEM stakes?

Of course we won't know what will happen after that with free market coming to play. That's what I understand it to be, i.e., distribute fairly and let the community have a fair go at making it with what's in the wallet thereafter.

IMO callin a NXT AE a free market is kind of joke Cheesy

In theory it is, but as we know that there are really big whales. They surely can manipulate prices, so it is more like oligopoly.

shaman2000

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What a SHIT with NEM price at all?

rockethead

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Quote from: vytasz7 on July 30, 2014, 03:12:46 AM

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

I think you are right that there is no such thing as egalitarian distribution in free market. In other words, egalitarian distribution doesn't exist in free market. But I thought the intent was to have at the onset, egalitarian in distribution for NEM so that everyone gets evenly distributed with NEM stakes?

Of course we won't know what will happen after that with free market coming to play. That's what I understand it to be, i.e., distribute fairly and let the community have a fair go at making it with what's in the wallet thereafter.

vytasz7

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Quote from: makoto1337 on July 30, 2014, 02:02:43 AM

Quote from: cryptoknightt on July 30, 2014, 01:56:28 AM

Quote from: patmast3r on July 30, 2014, 01:20:16 AM

Quote from: Seedeer on July 30, 2014, 12:50:00 AM

Quote from: Eadeqa on July 30, 2014, 12:13:24 AM

Quote from: makoto1337 on July 30, 2014, 12:10:58 AM

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.

There are advantages and disadvantages to keeping the rule. Right now the market is severely manipulated because there are not many stakes that are for sale. Also, because NEM hasn't launched yet, the price is way lower than it should be. If we take away the 2 stake rule, then one NXT whale could buy up 200 stakes easily, and I am totally against that as it would hurt the egalitarian distribution that we have worked so hard to achieve and also hurt the image of NEM's reasonably fair distribution that we have dedicated so much time to.

Let me just say that there is something going on behind the scenes and, if successful, this will no longer be much of an issue.

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

makoto1337

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Activity: 1596

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I am not Dorian Nakamoto.

Quote from: cryptoknightt on July 30, 2014, 02:54:02 AM

Quote from: contraband on July 30, 2014, 02:51:10 AM

Quote from: cryptoknightt on July 30, 2014, 02:47:44 AM

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

you can "shut it" you have yours i will bet

yes i do but what is the huge emergency now?

If you needed it why don't you have it already?

Whatever this is almost over

Some people need money sometimes.

cryptoknightt

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Activity: 1188

Merit: 251

Quote from: contraband on July 30, 2014, 02:51:10 AM

Quote from: cryptoknightt on July 30, 2014, 02:47:44 AM

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

you can "shut it" you have yours i will bet

yes i do but what is the huge emergency now?

If you needed it why don't you have it already?

Whatever this is almost over

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: cryptoknightt on July 30, 2014, 02:47:44 AM

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

you can "shut it" you have yours i will bet

cryptoknightt

sr. member

Activity: 1188

Merit: 251

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

contraband

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Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: contraband on July 30, 2014, 02:21:41 AM

patmast3r.

you said you wait for xtester.

xtester came here. he checked list and wait now for you.

did you check "contraband" on your list.

can you now send my token at last.

thank you. i followed all rules for 3 days from jagaur xtester and your rule

thanks for doing this for me

patmast3r

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Activity: 980

Merit: 1001

Quote from: contraband on July 30, 2014, 02:21:41 AM

patmast3r.

you said you wait for xtester.

xtester came here. he checked list and wait now for you.

did you check "contraband" on your list.

can you now send my token at last.

thank you. i followed all rules for 3 days from jagaur xtester and your rule

I'm at work now. I will issue this evening.

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

patmast3r.

you said you wait for xtester.

xtester came here. he checked list and wait now for you.

did you check "contraband" on your list.

can you now send my token at last.

thank you. i followed all rules for 3 days from jagaur xtester and your rule

howi53

full member

Activity: 127

Merit: 100

howi the retiree is back.
As mentioned before, I have limited computer skills and no idea if and how cryptocurrencies work.
But - I was able to buy a Nemstake. I'll become grandfather of twins (end of August) and the Nemstake is for the twins. So I hope, everthing goes fine and I have a nice present for their birth.
Is launch of coins finished until end of August?

makoto1337

legendary

Activity: 1596

Merit: 1000

I am not Dorian Nakamoto.

Quote from: cryptoknightt on July 30, 2014, 01:56:28 AM

Quote from: patmast3r on July 30, 2014, 01:20:16 AM

Quote from: Seedeer on July 30, 2014, 12:50:00 AM

Quote from: Eadeqa on July 30, 2014, 12:13:24 AM

Quote from: makoto1337 on July 30, 2014, 12:10:58 AM

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.

There are advantages and disadvantages to keeping the rule. Right now the market is severely manipulated because there are not many stakes that are for sale. Also, because NEM hasn't launched yet, the price is way lower than it should be. If we take away the 2 stake rule, then one NXT whale could buy up 200 stakes easily, and I am totally against that as it would hurt the egalitarian distribution that we have worked so hard to achieve and also hurt the image of NEM's reasonably fair distribution that we have dedicated so much time to.

Let me just say that there is something going on behind the scenes and, if successful, this will no longer be much of an issue.

cryptoknightt

sr. member

Activity: 1188

Merit: 251

Quote from: patmast3r on July 30, 2014, 01:20:16 AM

Quote from: Seedeer on July 30, 2014, 12:50:00 AM

Quote from: Eadeqa on July 30, 2014, 12:13:24 AM

Quote from: makoto1337 on July 30, 2014, 12:10:58 AM

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: Seedeer on July 30, 2014, 12:50:00 AM

Quote from: Eadeqa on July 30, 2014, 12:13:24 AM

Quote from: makoto1337 on July 30, 2014, 12:10:58 AM

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Seedeer

member

Activity: 61

Merit: 10

Quote from: Eadeqa on July 30, 2014, 12:13:24 AM

Quote from: makoto1337 on July 30, 2014, 12:10:58 AM

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: makoto1337 on July 30, 2014, 12:10:58 AM

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?

makoto1337

legendary

Activity: 1596

Merit: 1000

I am not Dorian Nakamoto.

Quote from: Eadeqa on July 30, 2014, 12:02:36 AM

Quote from: bob131313 on July 29, 2014, 11:57:10 PM

Quote from: Eadeqa on July 29, 2014, 11:43:23 PM

Quote from: megashira1 on July 29, 2014, 11:14:39 PM

Quote from: Eadeqa on July 29, 2014, 09:44:30 PM

Quote from: Jaguar0625 on July 29, 2014, 06:05:04 PM

Quote from: megashira1 on July 29, 2014, 05:23:26 PM

If I understand correctly.. The market cap for NEM is around 4million since 1/4 of stakes are available?

Correct.

That depends on what happens when all coins are released, as there would be some who will dump them, for sure, lowering the price. Only around 500 stakes are tradeable.

Why 500 tradeable when 1000 issued?

Not all 1000 are released to the stakeholders

http://www.nxtreporting.com/shareholder.php?a=12465186738101000735

So there are 408 that are not yet released to stakeholders. Who is the guy with 26 stakes?

Good question. There is a 2 stake limit on redeeming NEMstake.

Eadeqa

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Activity: 644

Merit: 500

Quote from: bob131313 on July 29, 2014, 11:57:10 PM

Quote from: Eadeqa on July 29, 2014, 11:43:23 PM

Quote from: megashira1 on July 29, 2014, 11:14:39 PM

Quote from: Eadeqa on July 29, 2014, 09:44:30 PM

Quote from: Jaguar0625 on July 29, 2014, 06:05:04 PM

Quote from: megashira1 on July 29, 2014, 05:23:26 PM

If I understand correctly.. The market cap for NEM is around 4million since 1/4 of stakes are available?

Correct.

That depends on what happens when all coins are released, as there would be some who will dump them, for sure, lowering the price. Only around 500 stakes are tradeable.

Why 500 tradeable when 1000 issued?

Not all 1000 are released to the stakeholders

http://www.nxtreporting.com/shareholder.php?a=12465186738101000735

So there are 408 that are not yet released to stakeholders. Who is the guy with 26 stakes?

bob131313

sr. member

Activity: 420

Merit: 250

Quote from: Eadeqa on July 29, 2014, 11:43:23 PM

Quote from: megashira1 on July 29, 2014, 11:14:39 PM

Quote from: Eadeqa on July 29, 2014, 09:44:30 PM

Quote from: Jaguar0625 on July 29, 2014, 06:05:04 PM

Quote from: megashira1 on July 29, 2014, 05:23:26 PM

If I understand correctly.. The market cap for NEM is around 4million since 1/4 of stakes are available?

Correct.

That depends on what happens when all coins are released, as there would be some who will dump them, for sure, lowering the price. Only around 500 stakes are tradeable.

Why 500 tradeable when 1000 issued?

Not all 1000 are released to the stakeholders

http://www.nxtreporting.com/shareholder.php?a=12465186738101000735

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1838. (Read 2984910 times)