Author

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1979. (Read 2985503 times)

sr. member
Activity: 299
Merit: 250
Distribute the unclaimed stakes among all stakeholders imo.
 This will increase the value of every stake including the devs. Its the only fair way to do it and will (should) make everyone happy.

obvious and easy solution fits everybody

Not really. It just makes the rich richer.
sr. member
Activity: 299
Merit: 250


My points are pretty clear,. (...) Nxt was launched just 2 months after IPO and 25% of people never came back to claim their coins. Given much longer delay, this number could be even higher, but lets assume it's 25%



Why do you think 10% plus all the BTC isn't enough for future development? Nxt started with 21 BTC and unclaimed nxt equaled to 10 million ( which is only 1% of total nxt) .


What's wrong with you?


Nothing is wrong with me. Out of 100, 73 came back to claim their stake, so 25%+ never showed up. The second statement is correct too as those 25% had contributed BTC that were worth 1% of Nxt which was about 10 million Nxt. That doesn't change the fact that 25% of people never showed up to claim the coins. Since in Nem every stake is equal, if 25% don't show up that would be 750 million nem



So, if I remember correctly, BCNext and JeanLuc each sent 1 BTC to the NXT IPO and CfB send 0.1 BTC. That equates to 10% of NXT (and this is only including three of the developers). In addition, the 25% of unclaimed NXT stakes were given to the core NXT team as a community fund. In all, that's 35% controlled by the core NXT team, and I think that coin has been successful.

Please let me know if I got anything wrong.
sr. member
Activity: 299
Merit: 250
yep, pretty sure 5 % share went to developers involved who basically put in 1 bitcoin and recieved 50 million coins,

Everyone was free to deposit 1 BTC. Rules were the same for everyone. (even though there is no evidence BXNext put 1 BTC).

Quote
who then decided to arubtly  close off the auction
whereas only 2 % is going to developers, and the rest has been distributed

The IPO was open for 2 fucking month -- a lot longer than Nem IPO.



No need for cursing. Keep it civil please.

The NXT IPO was closed early and without notice (that is a fact). That shut out a lot of potential investors who were waiting until the last minute to invest. They, understandably, wanted to get as much information as possible before investing. Let's not dwell on this because it is in the past, but it did happen.
hero member
Activity: 596
Merit: 500
The client looks great!!

My 2 NEMs on what to do with the unclaimed stakes:

Use the entire wad for a marketing fund to market the hell out of NEM. Seriously, even hire a professional marketing firm. That is the best bet to get NEM mainstream.
newbie
Activity: 40
Merit: 0

This looks awesome!

Oh boys and girls, please fasten your seatbelts and make you ready for the ROCKETLAUNCH of NEM! Smiley
member
Activity: 94
Merit: 10
Great, waiting happily for the 25th  Grin
hero member
Activity: 497
Merit: 501
Who is this account?

http://nxtreporting.com/?ac=13254208495541261949

He owns 521 NEMStakes, that doesn't seem fair right? is this UtopianFuture?

It's where the stakes are being distributed from by one of the main devs





Lol, loving the messages.

"nothing else matters"   - now i want to listen to some metallica.
full member
Activity: 135
Merit: 100
Thank you all very much!
legendary
Activity: 866
Merit: 1002
Who is this account?

http://nxtreporting.com/?ac=13254208495541261949

He owns 521 NEMStakes, that doesn't seem fair right? is this UtopianFuture?

mate this is pat holding unreleased stakes...
newbie
Activity: 44
Merit: 0
Who is this account?

http://nxtreporting.com/?ac=13254208495541261949

He owns 521 NEMStakes, that doesn't seem fair right? is this UtopianFuture?
sr. member
Activity: 382
Merit: 250
Iota and JINN
hero member
Activity: 616
Merit: 500
Just to be clear, if the unclaimed coins are destroyed then not all of the 4,000,000,000 NEM will be distributed?
   
hero member
Activity: 700
Merit: 520

is this ur alpha client? cant wait to test it Smiley

that reed solomon adress looks really long.  why choose such long adresses?

These are not Reed Solomon addresses.

You can read the details of address generation here:
https://bitcointalksearch.org/topic/m.7131353

thank u !
legendary
Activity: 866
Merit: 1002

is this ur alpha client? cant wait to test it Smiley

that reed solomon adress looks really long.  why choose such long adresses?

These are not Reed Solomon addresses.

You can read the details of address generation here:
https://bitcointalksearch.org/topic/m.7131353
full member
Activity: 224
Merit: 100

Really looks great! I can hardly wait to finally have it installed and start discovering everything! Good job devs! Kudos!
hero member
Activity: 700
Merit: 520
and like there platform

ur english is incorrect,  it must be 'their' platform

~CfA~
full member
Activity: 224
Merit: 100
Finally I got the answers I was looking for...

Thank you very much!!!

Last questions:
Quote
2 weeks after the official launch you will be able to claim this stake by sending it back to the account which created this asset and he'll send the correct amount to your NEM account.

When is the expected launch?
How will I send it back to  the account which created the asset? Where do I find this account?
How long will I have to claim my NEM coins? What happen if I am on holidays and I don't claim them on time?

Appologies but I am IT newbie and trying to learn all these...

Again thank you very  much!

:-) I'm glad you got answers! Thank you for your interest and perseverance. And welcome to this community.
It is very nice to have an IT newbie picking NEM out of so many (confusing) cryptocurrencies (cryptos for short).

To answer your question I'll copy/paste a section from the first post on this thread:

NEM Timeline/Roadmap
    

As it is written here, official launch is still in To Be Announced stage. We are getting to that but no one knows at what precise date that will be. I guess sometime in the fall.
After the official launch, 2 weeks after that you will be able (as well as me too) to exchange your tokens for NEM in the manner already described. But don't be alarmed or worried. Detailed instructions as well as guidance will be available either on official thread here on bitcointalk or on our official forum  http://forum.nemcoin.com/
Also, you can follow what is going on through our twitter account or any other means that are useful to you. Here is the list (also c/p from the first page of this thread):

Useful Links

If you have any questions (doesn't matter how basic they are), please feel free and welcomed to ask them. If you would prefer to have a private conversation send me PM (private message) either here on this forum or on the official forum (forum.nemcoin.com). I have same nickname there too - Tompa.
I hope this will help you! Welcome once again!
full member
Activity: 182
Merit: 100
Come on DEVs this is a moderated thread we're all tired of listening to this idiot spewing the same garbage like a broken record. Banish him to the unmoderated thread with the rest of the trolling fools, he's made his point now, over and over and over and.......

Thanks for letting us know that you want censor all  legitimate posts in this thread that aren't about "to da moon"


SO you sound like cfa and you always post your fud around the same time
Which is all the time

Edit = two typos and yes i can not spell
hero member
Activity: 644
Merit: 500
Looks like we found two sock puppets gemstar5000 and mr smith. How many more sock puppets this guy have? I have seen this guy with other IDs too

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