NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1954.

TauMuon

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Activity: 224

Merit: 100

NEM Enthusiast

Quote from: makoto1337 on June 23, 2014, 09:32:57 PM

Quote from: BitZCoin on June 23, 2014, 12:36:50 PM

I already wrote this on 26/02: (This quotation is a little bit changed in the beginning of the sentence).

"It would be possible to write another coin (little brother of NEM), which would be only possible to mine/forge/harvest, by trading and/or holding NEM.
The more you trade/hold, the more you get. Also if you sell or buy some NEM, you're earning some of the little brother.
NEM should get an unbelievable thrust through and it would people even more animate to use this Movement."

I don't want to lose this idea. It would be a huge deal, I think - Especially in long term.
NEM will hold up any option, that's what NEM is made for

GreetZ

BitZCoin

PS:
Now is the time to buy your stake @: http://bit.ly/1qmjzRV
(1 000 000 NEM are not even @ 30 000 NXT right now!

If you have ideas, feel free to post them on trello.

What is the point of having another coin that rides of NEM? I mean, what is the benefit to the user?

Having a secondary coin which exists on the NEM Asset Exchange would, theoretically, help to improve price volatility.

Totem22

newbie

Activity: 14

Merit: 0

Quote from: EFFV on June 23, 2014, 09:53:03 PM

Quote from: ?? on ??

https://bitcointalksearch.org/topic/ann-ora-nxt-monetary-system-currency-620518

Nem already bein coppied? Check the distribution model! Wink

Wow.

It should be considered flattery.

Wow. 5% goes to webapp registration dev. UP should have 5% if only he did not disappear Grin

EFFV

sr. member

Activity: 278

Merit: 250

Quote from: ?? on ??

https://bitcointalksearch.org/topic/ann-ora-nxt-monetary-system-currency-620518

Nem already bein coppied? Check the distribution model! Wink

Wow.

It should be considered flattery.

makoto1337

legendary

Activity: 1596

Merit: 1000

I am not Dorian Nakamoto.

Quote from: BitZCoin on June 23, 2014, 12:36:50 PM

I already wrote this on 26/02: (This quotation is a little bit changed in the beginning of the sentence).

"It would be possible to write another coin (little brother of NEM), which would be only possible to mine/forge/harvest, by trading and/or holding NEM.
The more you trade/hold, the more you get. Also if you sell or buy some NEM, you're earning some of the little brother.
NEM should get an unbelievable thrust through and it would people even more animate to use this Movement."

I don't want to lose this idea. It would be a huge deal, I think - Especially in long term.
NEM will hold up any option, that's what NEM is made for

GreetZ

BitZCoin

PS:
Now is the time to buy your stake @: http://bit.ly/1qmjzRV
(1 000 000 NEM are not even @ 30 000 NXT right now!

If you have ideas, feel free to post them on trello.

What is the point of having another coin that rides of NEM? I mean, what is the benefit to the user?

ARGpentem

full member

Activity: 154

Merit: 100

Quote from: DrearyUrbanite on June 23, 2014, 08:38:56 PM

Quote from: misterbowls on June 23, 2014, 07:49:16 PM

Quote from: PL_CoinTrader on June 23, 2014, 01:20:42 PM

Quote from: upekha on June 23, 2014, 12:56:29 PM

for my part, Im not against NXT, I just think they have a distribution problem, that keeps getting worse..

I don't think so. 2000 vs 100 stakeholders seems like a huge difference and I think NEM will profit from a big community but to be honest the distribution is barely better. People will always complain about unfair distribution. I mean what about the other 7 billion people in the world? Life is really unfair mimimimimi....
Also it has turned out that NXT actually benefits from its stakeholders. A few stakeholder with huge amounts of coins are donating more than thousands of investors with little amounts. What I fear about NEM launch is that many people cash out when price is high and in the end the distribution is as bad as in NXT, Bitcoin and others.

Lets assume there are some people with multiple stakes.

They are likely to either dump most but a lot may be motivated marketers. If they were motivated enough to sign up for all the BTT accounts then they will be motivated to help out NEM for the long run. So while we may wish there were 0 sock puppets, they may not necessarily be as bad as people think. They might also be more willing to give NEM out to friends etc. It isn't 100% one sided.

Having 3000 stakeholders would be the best, but having 2000 might be 90% as good if those motivated to acquire stakes are motivated to continually support NEM over their stakes. It is even possible that those sock puppets end up being more valued than the people who came on late once it had been determined to be a very successful coin.

While we are assuming…. Let’s assume that most investors have bought their legal 2 shares (I have). Let’s also assume that 10% of investors have been greedy and have bought 10 or more shares. What does that do to the NEM distribution model?

To me the fair distribution argument for NEM has never seemed any fairer to me than NXT or any other crypto it the large scheme of things. Imagine even 3,000 of the 7,000,000,000 people in the world getting shares and 6,999,997,000 not getting shares. It doesn’t seem like a drop in the bucket fairness wise, does it?

"NEM is the first crypto-coin that no wealthy person or early adopters can obtain a significant percentage of by using money to buy-in or by using a huge mining rig. That to me symbolizes a great sense of fairness and egalitarianism". (NEM wiki)

It is probably okay if you work hard for it. anyway, it is a moot point. if you truly feel that way about "fairness", there is no need to go to NEM thread to defend your coin.

ARGpentem

full member

Activity: 154

Merit: 100

Quote from: misterbowls on June 23, 2014, 07:49:16 PM

Quote from: PL_CoinTrader on June 23, 2014, 01:20:42 PM

Quote from: upekha on June 23, 2014, 12:56:29 PM

for my part, Im not against NXT, I just think they have a distribution problem, that keeps getting worse..

I don't think so. 2000 vs 100 stakeholders seems like a huge difference and I think NEM will profit from a big community but to be honest the distribution is barely better. People will always complain about unfair distribution. I mean what about the other 7 billion people in the world? Life is really unfair mimimimimi....
Also it has turned out that NXT actually benefits from its stakeholders. A few stakeholder with huge amounts of coins are donating more than thousands of investors with little amounts. What I fear about NEM launch is that many people cash out when price is high and in the end the distribution is as bad as in NXT, Bitcoin and others.

Lets assume there are some people with multiple stakes.

They are likely to either dump most but a lot may be motivated marketers. If they were motivated enough to sign up for all the BTT accounts then they will be motivated to help out NEM for the long run. So while we may wish there were 0 sock puppets, they may not necessarily be as bad as people think. They might also be more willing to give NEM out to friends etc. It isn't 100% one sided.

Having 3000 stakeholders would be the best, but having 2000 might be 90% as good if those motivated to acquire stakes are motivated to continually support NEM over their stakes. It is even possible that those sock puppets end up being more valued than the people who came on late once it had been determined to be a very successful coin.

Motivating people to stay and contribute to a decentralized project is not easy. I suspect it mostly depends on how open, fun and talented the whole community is. NEM distribution is fine as it is

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: misterbowls on June 23, 2014, 07:49:16 PM

Quote from: PL_CoinTrader on June 23, 2014, 01:20:42 PM

Quote from: upekha on June 23, 2014, 12:56:29 PM

for my part, Im not against NXT, I just think they have a distribution problem, that keeps getting worse..

I don't think so. 2000 vs 100 stakeholders seems like a huge difference and I think NEM will profit from a big community but to be honest the distribution is barely better. People will always complain about unfair distribution. I mean what about the other 7 billion people in the world? Life is really unfair mimimimimi....
Also it has turned out that NXT actually benefits from its stakeholders. A few stakeholder with huge amounts of coins are donating more than thousands of investors with little amounts. What I fear about NEM launch is that many people cash out when price is high and in the end the distribution is as bad as in NXT, Bitcoin and others.

Lets assume there are some people with multiple stakes.

They are likely to either dump most but a lot may be motivated marketers. If they were motivated enough to sign up for all the BTT accounts then they will be motivated to help out NEM for the long run. So while we may wish there were 0 sock puppets, they may not necessarily be as bad as people think. They might also be more willing to give NEM out to friends etc. It isn't 100% one sided.

Having 3000 stakeholders would be the best, but having 2000 might be 90% as good if those motivated to acquire stakes are motivated to continually support NEM over their stakes. It is even possible that those sock puppets end up being more valued than the people who came on late once it had been determined to be a very successful coin.

While we are assuming…. Let’s assume that most investors have bought their legal 2 shares (I have). Let’s also assume that 10% of investors have been greedy and have bought 10 or more shares. What does that do to the NEM distribution model?

To me the fair distribution argument for NEM has never seemed any fairer to me than NXT or any other crypto in the large scheme of things. Imagine even 3,000 of the 7,000,000,000 people in the world getting shares and 6,999,997,000 not getting shares. It doesn’t seem like a drop in the bucket fairness wise, does it?

misterbowls

newbie

Activity: 29

Merit: 0

Quote from: PL_CoinTrader on June 23, 2014, 01:20:42 PM

Quote from: upekha on June 23, 2014, 12:56:29 PM

for my part, Im not against NXT, I just think they have a distribution problem, that keeps getting worse..

I don't think so. 2000 vs 100 stakeholders seems like a huge difference and I think NEM will profit from a big community but to be honest the distribution is barely better. People will always complain about unfair distribution. I mean what about the other 7 billion people in the world? Life is really unfair mimimimimi....
Also it has turned out that NXT actually benefits from its stakeholders. A few stakeholder with huge amounts of coins are donating more than thousands of investors with little amounts. What I fear about NEM launch is that many people cash out when price is high and in the end the distribution is as bad as in NXT, Bitcoin and others.

Lets assume there are some people with multiple stakes.

They are likely to either dump most but a lot may be motivated marketers. If they were motivated enough to sign up for all the BTT accounts then they will be motivated to help out NEM for the long run. So while we may wish there were 0 sock puppets, they may not necessarily be as bad as people think. They might also be more willing to give NEM out to friends etc. It isn't 100% one sided.

Having 3000 stakeholders would be the best, but having 2000 might be 90% as good if those motivated to acquire stakes are motivated to continually support NEM over their stakes. It is even possible that those sock puppets end up being more valued than the people who came on late once it had been determined to be a very successful coin.

vladnokov

newbie

Activity: 15

Merit: 0

Quote from: kattokassinen on June 23, 2014, 07:32:29 AM

Quote from: jenea4pda on June 23, 2014, 07:30:33 AM

Quote from: jabo38 on June 23, 2014, 07:27:00 AM

I am another NEM stakeholder that hasn't and won't be asking for my NEM on on the AE. I am keeping it for me!!!

+1, as well as me Wink

I think it's safer to keep it on AE, as NXT can't really be hacked unless you have very unsecure passphrase. I don't know about the safety of bitcointalk.

Good point, it will be safer on NXT's AE.

fragout

legendary

Activity: 1279

Merit: 1018

Quote from: ?? on ??

Quote from: freigeist on June 23, 2014, 06:18:22 PM

Hello

Is nice to see NEM stake value increase but I think this could also lead to another problem
that the stake could become so expensive that other people will be reluctant to join.
The question is what(how) can we do to increase NEM user base even more before the
complete release of the coin and the NEM stake becomes to expensive (valuable)?!

a trusted member of the nem community could issue nem stakes on the AE divisible by 100 rather than 10. the stakes coming from the stakes to be auctioned or elsewhere. come distribution the devs distribute the stakes as they would to those who claimed plus the stakes to the trusted member who would then distribute the coins to those who claim the stakes that they bought off him. main distributor(who ever is in control of stakes) > ~10 stakes > sub distributor sells on AE(amounts down to .01 of a stake all set to sell at the market price set by the main market) > buyers,

buyers(nxt payed for stakes) > sub distributor > main distibutor

there is no extra work created for main devs/distributor, as it would be passed on to the sub distributor. every one with out enough to buy .1 on main market could buy on the mini market.

thoughts?

Dont like. It would create a 2nd market and possibly confusion. tbh I dont care about the price at the moment as the asset exchange will flush out the early dumpers. The main distribution will take place when the coin is released and on an exchange

freigeist

hero member

Activity: 1110

Merit: 534

Hello

Is nice to see NEM stake value increase but I think this could also lead to another problem
that the stake could become so expensive that other people will be reluctant to join.
The question is what(how) can we do to increase NEM user base even more before the
complete release of the coin and the NEM stake becomes to expensive (valuable)?!

jxmhqjg

full member

Activity: 175

Merit: 100

Quote from: BitZCoin on June 23, 2014, 12:36:50 PM

I already wrote this on 26/02: (This quotation is a little bit changed in the beginning of the sentence).

"It would be possible to write another coin (little brother of NEM), which would be only possible to mine/forge/harvest, by trading and/or holding NEM.
The more you trade/hold, the more you get. Also if you sell or buy some NEM, you're earning some of the little brother.
NEM should get an unbelievable thrust through and it would people even more animate to use this Movement."

I don't want to lose this idea. It would be a huge deal, I think - Especially in long term.
NEM will hold up any option, that's what NEM is made for

GreetZ

BitZCoin

PS:
Now is the time to buy your stake @: http://bit.ly/1qmjzRV
(1 000 000 NEM are not even @ 30 000 NXT right now!

HOLD

freigeist

hero member

Activity: 1110

Merit: 534

Quote from: TaunSew on June 23, 2014, 03:41:11 PM

I don't buy from anonymous developers who name themselves after a coin. So Kora is out for me.

As well many coins have copied NEM's distribution model and failed to drum up interest. NEM isn't some Communist or freebie coin. NEM is an initiation to a new economic movement.

Hello.

You don't need to buy anything registration is FREE
so you don't need to send any NXT or BTC to the "developer" to join.

jkoil

hero member

Activity: 834

Merit: 524

Nxt NEM

Quote from: ARGpentem on June 23, 2014, 04:13:13 PM

Quote from: xtester on June 23, 2014, 04:02:55 PM

Interesting things are being prepared for NEM.

more details ?

Maybe after verifications

?

arniebaby

sr. member

Activity: 279

Merit: 250

Quote from: CECVW on June 23, 2014, 05:05:48 PM

Quote from: xtester on June 23, 2014, 04:02:55 PM

Interesting things are being prepared for NEM.

why to say things half the way and keep us intrigue, its better to say it all than keep us in limbo

LOL. Good things come.................

CECVW

legendary

Activity: 961

Merit: 1000

Quote from: xtester on June 23, 2014, 04:02:55 PM

Interesting things are being prepared for NEM.

why to say things half the way and keep us intrigue, its better to say it all than keep us in limbo

Tompa

full member

Activity: 224

Merit: 100

Quote from: TauMuon on June 23, 2014, 04:30:26 PM

Closed alpha has blown me away. Everyone should be very, very excited for the open alpha.

Yes! It is amazing! I was very excited about open alpha but now.... Really can't wait for everyone to be able to see it and start tinkering with it.

TauMuon

full member

Activity: 224

Merit: 100

NEM Enthusiast

Closed alpha has blown me away. Everyone should be very, very excited for the open alpha.

ARGpentem

full member

Activity: 154

Merit: 100

Quote from: xtester on June 23, 2014, 04:02:55 PM

Interesting things are being prepared for NEM.

more details ?

ARGpentem

full member

Activity: 154

Merit: 100

Quote from: gentlemand on June 23, 2014, 04:02:36 PM

Quote from: Totem22 on June 23, 2014, 03:59:06 PM

Quote from: TaunSew on June 23, 2014, 03:41:11 PM

I don't buy from anonymous developers who name themselves after a coin. So Kora is out for me.

As well many coins have copied NEM's distribution model and failed to drum up interest. NEM isn't some Communist or freebie coin. NEM is an initiation to a new economic movement.

+1. Kora is not the first. NXT lite was the first copy of the distributional model. But i guess there are more to wide distribution. Where is aurora coin now if the success is to give the coins to many people as possible?

NXT would be way up there if its beginnings hadn't been so botched. Screaming about distribution is still the first thing that comes out when people discuss it.

Hard to say. Maybe it was intended that way.

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1954. (Read 2984910 times)