I guess the best way to explain it is (taken from Peachy on emunie forums)
Lot of features NXT has planned (Decentralized P2P exchange, Secure P2P messaging system, etc.) has been implemented or will soon be in eMunie client. I know for sure that the messaging system and ENS(eMunie version of Alias) have been implemented in the client, as well as profiles and other social stuff. Don't follow NXT or eMunie as much as I used to as I have had classes start up again...so not sure what has and haven't been implemented in both yet
. I have and I can create a "Alias"(known as ENS in eMunie) in eMunie client which replaces my account number and I can do something like ["Jack" sent a transaction to "Jill"] instead of [13131ed1d2312312 sent transaction to 1343ldler2j3u3423] 
. As someone who has had access to the eMunie client for the past month I find it enjoyable to just play around with. Don't use it as much though anymore as I haven't had much time on my computer.
I am someone that enjoys both NXT and eMunie though...as weird as it is
The above is a very simplistic explanation, but it allows a way to visualize how the system works."
Quote
"Think of the emu "ecosystem" as a giant ball tank.
http://25.media.tumb...jd5ryo1_500.jpg
Once your "inside" the ecosystem there are a fixed number of balls. You can trade them around with each other and eventually there will be different colors (asset types) that will be freely traded "within" the ecosystem ball tank. Thus hatcher-to-hatcher transcations are happening "inside" the walls of the ball tank and thus no need to expand (inflate) or shrink (deflate) the walls of the tank since there is "just enough" density so that everyone can transact easily (ie optimized level of fun).
The only way balls are added into the tank are by those wanting to "jump in" from outside the ball tank. As they exchange fiat for balls (and no one inside the tank wants to sell them any of their balls) then the ecosystem senses this and creates new balls for everyone (50% to the hatcher / 50% evenly and proportionally to every kid in the tank based on how many balls they already own). Once someone in the tank says "Yeah, I think I'll sell some of my balls for fiat" he places a sell order and it is distributed to the new kid who then gives him the fiat (with a minor txn cost to the dealer).
http://25.media.tumb...jd5ryo1_500.jpg
Once your "inside" the ecosystem there are a fixed number of balls. You can trade them around with each other and eventually there will be different colors (asset types) that will be freely traded "within" the ecosystem ball tank. Thus hatcher-to-hatcher transcations are happening "inside" the walls of the ball tank and thus no need to expand (inflate) or shrink (deflate) the walls of the tank since there is "just enough" density so that everyone can transact easily (ie optimized level of fun).
The only way balls are added into the tank are by those wanting to "jump in" from outside the ball tank. As they exchange fiat for balls (and no one inside the tank wants to sell them any of their balls) then the ecosystem senses this and creates new balls for everyone (50% to the hatcher / 50% evenly and proportionally to every kid in the tank based on how many balls they already own). Once someone in the tank says "Yeah, I think I'll sell some of my balls for fiat" he places a sell order and it is distributed to the new kid who then gives him the fiat (with a minor txn cost to the dealer).
Lot of features NXT has planned (Decentralized P2P exchange, Secure P2P messaging system, etc.) has been implemented or will soon be in eMunie client. I know for sure that the messaging system and ENS(eMunie version of Alias) have been implemented in the client, as well as profiles and other social stuff. Don't follow NXT or eMunie as much as I used to as I have had classes start up again...so not sure what has and haven't been implemented in both yet
. I have and I can create a "Alias"(known as ENS in eMunie) in eMunie client which replaces my account number and I can do something like ["Jack" sent a transaction to "Jill"] instead of [13131ed1d2312312 sent transaction to 1343ldler2j3u3423] . As someone who has had access to the eMunie client for the past month I find it enjoyable to just play around with. Don't use it as much though anymore as I haven't had much time on my computer.I am someone that enjoys both NXT and eMunie though...as weird as it is
The above is a very simplistic explanation, but it allows a way to visualize how the system works."
Thanks for the info wakasaki808. The thing I don't get with eMunie is what happens when there is a mass selling (if stakeholders lose confidence for instance) which causes the price to drop. I remember reading that the system will try to prevent a price drop by buying up EMU if the price starts to go down, using some kind of reserve of currency (BTC, USD, other cryptos, other fiat? I don't know). However, this reserve supply can't be limitless, and once its limits are reached, the price will drop. However, once the price has dropped, it won't be able to increase again, because the eMunie system prevents it from appreciating more than 5% per year by introducing new EMU. So I don't see how Dan plans to avoid a situation of progressive depreciation coupled with inflation: when supply outweighs demand, depreciation happens; when demand outweighs supply, inflation happens. So how does this not end up with a ton of EMU that are worth next to nothing?
EDIT: I suppose I should be asking this on the eMunie forum.
Where will the post IPO demand come from? Not sure. With hatchers (mining) taking 50%, it seems almost as bad as the etherium setup for investors.
We just need to make sure NXT has all the cool features emunie has and we can watch to see one of the greatest economic experiments ever, conducted by Dan the man. My guess is that he makes a super complicated system that nobody can possibly understand. publish the whitepaper at the very last minute (after he has banked millions) so nobody can complain that they had no idea what the money supply algo was (emunie is totally closed source) and then whatever happens, Dan is a guy with a lot of money and even more emunie if it stays stable. If it goes down, Dan is a guy with a lot of money and a bunch of worthless emunie.
Either way Dan is brilliant. Investor pockets not so much in most scenarios. If you want emunie, I suggest to wait until aftermarket and the first big selloff. Unless nobody is buying the IPO, then wait until whitepaper comes out so you understand how dilutive emunies money supply magic is.
emunie seems to want to be an electronic fiat equivalent and it could well achieve its goals. Think about that before putting any significant amount into emunie.
James
