Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1956. (Read 2984910 times)
As for a distribution of 100 (typical alt is more like 20-50) vs distribution of 2000+. It doesn't scale to world population (dumb rhetoric) but it shows that anybody could had got in. The thing is if you have less than 50 they may as well be relatives / friends of the coin creator. When you have 2000+ almost all will be strangers with no connection to each other. That's just the point and why 2000 - 3000 is sufficient, anymore defeats the purpose
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.
If "everyone cashes out" when the price is high that means the coins will be distributed amongst all the buyers unless it's just one single whale who comes in and buys up ALL the coins (highly unlikely, especially if the prices are high). Having as many stakeholders as we do in NEM means that as we initial stakeholders begin to sell off some of our coins after launch to the general public, the coins will become much more widely and more fairly distributed amongst the populace than they ever possibly could from a small group of initial investors like NXT had. 2000 is 20 times greater than 100, that's not an irrelevant amount at all. The more people you have initially, the greater the chances are you are going to have more people selling their coins on the open market for a more even distribution. With only 100 investors, the likelihood of any of them selling very many is low as they hold out for higher and higher prices, and then when they dump it's going to fall extra hard. Having 20 times more initial investors makes us much less susceptible to such problems, but of course it could *always* be better as you say.
It is expected that NEM should has a big volume upon launch and the ecosystem development will depend on how stakeholders are going to do with their holding. If they decide to hold and do something about it then NEM could have an excellent opportunity to develop the ecosystem very fast given the huge amount of initial stakeholders.
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.
It is naive to think about distribution in term of "fairness". Every single coin community except Bitcoin is built entirely by a group of hard-core supporters which often has less than 100 members. It is fair if they have the majority of the stakes. Having something for nothing does not seem "fair" to me. The problem with NXT distribution is the incentive mis-match because the 5% whales do not contribute much (relatively) to the development.
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.
If "everyone cashes out" when the price is high that means the coins will be distributed amongst all the buyers unless it's just one single whale who comes in and buys up ALL the coins (highly unlikely, especially if the prices are high). Having as many stakeholders as we do in NEM means that as we initial stakeholders begin to sell off some of our coins after launch to the general public, the coins will become much more widely and more fairly distributed amongst the populace than they ever possibly could from a small group of initial investors like NXT had. 2000 is 20 times greater than 100, that's not an irrelevant amount at all. The more people you have initially, the greater the chances are you are going to have more people selling their coins on the open market for a more even distribution. With only 100 investors, the likelihood of any of them selling very many is low as they hold out for higher and higher prices, and then when they dump it's going to fall extra hard. Having 20 times more initial investors makes us much less susceptible to such problems, but of course it could *always* be better as you say.
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.
That's kind of inevitable. Rightly or wrongly a lot of people will have their price. There are those with deep pockets whose prices are a great deal higher who'll be happy to take their coinage off them.
...some NEM supporters are mistakenly against NXT for whatever reasons.
Make sure to always look both ways before you cross the street!
What does this mean ?
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.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
bug?
I guess it is corrected as nobody is complaining / writing about it
?it's not corrected yet, we haven't nailed it. Nobody's complaining, as it's almost impossible to spot for users, we just know WHAT to look at.
Thanks for the info.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
bug?
I guess it is corrected as nobody is complaining / writing about it
?it's not corrected yet, we haven't nailed it. Nobody's complaining, as it's almost impossible to spot for users, we just know WHAT to look at.
a quick little Infographic:
NXT NEM
guys, please, refrain from comparing NEM to NXT, we are FAR behind when it comes to features.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
NXT has working (first?)* PoS blockchain, most likely best AE currently and forage power leasing.
(* - I'm not counting Peercoin, as it is not pure PoS)
+1
I have tested NEM alpha and I love it a lot! It is already better than basically any PoW coin. That said, NXT is definitely farther ahead with many more features. (For now) Our NEM community is bigger and we are having a smoother start with a much better distribution! We also generally have a better narrative. The best way to keep our story good though, is to not go around bashing anybody, not NXT, not Bitcoin, not any coin. In a year from now, I hope to honestly say that NEM has the most features and best community for all reasons. Lets make it happen!
bug?
I guess it is corrected as nobody is complaining / writing about it
?Here to all that people trading their stakes now.
That's how you shouldn't do it
*pic*
Hold them!
We haven't even reached the first stage, so far.
That's how you shouldn't do it
*pic*
Hold them!
We haven't even reached the first stage, so far.
So true. I made this mistake so many times.
a quick little Infographic:
NXT NEM
guys, please, refrain from comparing NEM to NXT, we are FAR behind when it comes to features.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
NXT has working (first?)* PoS blockchain, most likely best AE currently and forage power leasing.
(* - I'm not counting Peercoin, as it is not pure PoS)
Couldn't agree more, some NEM supporters are mistakenly against NXT for whatever reasons.
for my part, Im not against NXT, I just think they have a distribution problem, that keeps getting worse..
a quick little Infographic:
NXT NEM
guys, please, refrain from comparing NEM to NXT, we are FAR behind when it comes to features.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
NXT has working (first?)* PoS blockchain, most likely best AE currently and forage power leasing.
(* - I'm not counting Peercoin, as it is not pure PoS)
Couldn't agree more, some NEM supporters are mistakenly against NXT for whatever reasons. NEM's in the early stages everybody!
a quick little Infographic:
NXT NEM
guys, please, refrain from comparing NEM to NXT, we are FAR behind when it comes to features.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
NXT has working (first?)* PoS blockchain, most likely best AE currently and forage power leasing.
(* - I'm not counting Peercoin, as it is not pure PoS)
In my opinion both are worth to hold´em. No need to make a decision between both. If you want to be sure you are in the Crypto winning team, hold both.
a quick little Infographic:
NXT NEM
guys, please, refrain from comparing NEM to NXT, we are FAR behind when it comes to features.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
NXT has working (first?)* PoS blockchain, most likely best AE currently and forage power leasing.
(* - I'm not counting Peercoin, as it is not pure PoS)
+1
I have tested NEM alpha and I love it a lot! It is already better than basically any PoW coin. That said, NXT is definitely farther ahead with many more features. (For now) Our NEM community is bigger and we are having a smoother start with a much better distribution! We also generally have a better narrative. The best way to keep our story good though, is to not go around bashing anybody, not NXT, not Bitcoin, not any coin. In a year from now, I hope to honestly say that NEM has the most features and best community for all reasons. Lets make it happen!
I sense a big exodus from litecoin happening soon. In fact its happening already and these are the people/money that will turn to the next most promising coin, NXT is there but NEM should have the benefit of momentum over the next 6 months
Here to all that people trading their stakes now.
That's how you shouldn't do it
Hold them!
We haven't even reached the first stage, so far.
That's how you shouldn't do it
Hold them!
We haven't even reached the first stage, so far.
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!
"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!
a quick little Infographic:
NXT NEM
guys, please, refrain from comparing NEM to NXT, we are FAR behind when it comes to features.
What we have is blockchain (we also have probably thread-related bug, that we're trying to nail before open alpha). It's really unhealthy.
NXT has working (first?)* PoS blockchain, most likely best AE currently and forage power leasing.
(* - I'm not counting Peercoin, as it is not pure PoS)
You gotta love NEM
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