Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1990. (Read 2984037 times)

Eadeqa, this is the reason why we had a call to participation and not an IPO: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541972520#.U5_yiigVcSq, and it has very important legal implications. UP thought of this and lead us to this: http://en.wikipedia.org/wiki/Voluntary_association.

The auction as you may remember emerged as an idea from the community(while NXT AE wasn't around and wasn't even a though) with the purpose to attract a good deal of attention and helping a lot of other people to join before our official launch(There was a high demand for it). After we did the NXT AE listing the auction remained in place because of the same reason and because it is still relatively hard for new people to buy NEM via NXT AE.

And with NEMtokens, you have to wait two weeks after launch to trade it to real NEM.

It doesn't quite work like that. All you need to do is hold onto your stake, and after the official launch, you will trade your NEMtoken for NEM (1 token will equal aprox. 1,000,000NEM)

I see the patient is reacting well to the treatment. We are moving in the right direction. 

I agree that things are a little bit too shady now about how the funds will be used. Many things have been decided by "the community", but in the end only a handful of people have had any influence to the decisions made.

I think that the decision making should be much more transparent. More voting on the official NEM forums (there should be more urging here on BTT to register there) and let the stakeholders have a say on how these reserved NEMs should be used in NEM's benefit. I agree on that we need a big fund to promote NEM, but we also need to be much more transparent about the use of this fund.

Also, how will be the BTC collected from the auction be used? Will this go to promotion fund, too?

It's basically designed to collect even more money.

So first we had an IPO (which we are not supposed to call "IPO") that collected 60+ BTC and several thousand Nxt.

Then we will have a second IPO where 200 more stakes are "auctioned" again for even BTC, this time at muh higher prices (potentially 400 BTC).

Double the fun.

Then 15% developer stakes and 10% more reserved for future (25%) -- and no answer on what will happen to unclaimed stakes that could be as high as 25% more (making 50% controlled by "developers")

Im thinking quite same, what is the purpose for collect more BTC ? Otherwise, could we use that money to big marketing campaign or made bounties for new devs ? Or just share all btc with old stake holders  

right, i got that,
but how do i claim my stake, my replies arn't being replied too
ibought from next exchange

I oppose pre launch public auction, as that means 400 BTC IPO is going into someone pocket  at current prices.

If developers want 400 BTC more, why they also need 15% stake too  (which is 600 million Nem)

HODL

i have some nem from the nxt exchange, now what do i do? my PM are not being replied too

+1   Fresh air.......lovely........let relaxed constructive discussion commence...!!!!

Hi ya! Like at ussually: I'm interesting )))

Hope, now we will have here just very possitive and contructive dialog!

Best wishes for community!

P.S. Thank You, xtester!

This is a simple function which I believe will be implemented very easily. However, is it really needed without applications?

+1 We need a strong API documentation (videos), to facilitate the onboarding process for devs to build apps on top of the nem platform.

Mobile app will be necessary if NEM want to break to the mainstream.
At the moment laptop sales fall and more and more people have just some kind of tablet, which they use daily to pay bills, check e-mails, etc.
We need to have atleast some lite-version of NEM client in biggest platforms like Android and iOS.

Go forth and take the bull by its horns! Just do it my friend!

The dev's are working on it so hopefully it will be ready.

ABSOlutely. If you can imagine friends out in the wild that want to get each other back for an evening out or whatever, maybe they can do it through their mobiles. My grandma has a smart phone and no computer... look at the demographics. If we assume that the more people that use and accept NEM the better, then we need to acknowledge the increasing demographic of mobile devices. Especially given mobile means on the move means spending money. Add in the "bump" feature of things like Android where I can just transfer you money with a bump and a swipe or something and the "tokens" gain value as a symbol of exchange, even if not directly tied to fiat. Meaning, folks might use them as "wooden nickels" to keep tabs of who got dinner last or whatever. That they could even be used in this fashion would give them value and support the network.

The bottom line is for a currency to actually be valuable it must be incredibly liquid. It must be highly accepted and easily exchanged so anything we do to that end whether its JSON/REST mobile APIs or QR codes the easier the better. This can't be understated. Even if it could be used as virtual currency (think Linden Dollars or money for an auction house in a game), it would gain value. These things are all easy to do if we properly create APIs for the targeted technology, and if we do a good job with grassroots adoption (maybe even viral in a game). Included in this is definitely gamification or similar.

There's a new article on CoinDesk.
How BitPesa Plans to Reduce Friction in the Remittances Market
http://www.coindesk.com/bitpesa-plans-reduce-friction-remittances-market/

NEM should have mobile SMS functionality.