Why is Nem growing so fast? - page 3.

iamnotback

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Quote from: LemonAndFriesOne on June 27, 2016, 10:25:05 PM

People getting mad because they put down NEM and now look at the results of hard work and patience.

Tongue

Chillax. No worries, as altcoins are always manipulated pumps (otherwise they are scorned market failures):

https://bitcointalksearch.org/topic/m.15390617

It is not particular criticism of NEM. It is just the way altcoin speculation is. Fundamental developments don't matter as much as price manipulation. Gold fever. Get rich quick.

So it really doesn't matter if Proof-of-Importance is just technobabble obfuscation of Proof-of-stake. Technology isn't really the #1 important factor. Manipulated upward price is.

Giving away stake is a good way of insuring the tokens end up concentrated with a manipulator. Either they are given directly to the manipulator, or those who received them free then dump them and the manipulator buys them for peanuts.

The manipulator was accumulating when NEM was below $1m mcap for 1 year:

http://coinmarketcap.com/currencies/nem/

Cast12

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Activity: 266

Merit: 251

Quote from: SydorFunk on June 27, 2016, 03:42:47 PM

Quote from: gentlemand on June 27, 2016, 03:22:36 PM

Having said that there are some very cool developments happening but they're almost all in Asia so most people on here will have little awareness of them. It has a CNY pairing in China and may hit a JPY exchange in the coming days.

Reason is right there. NEM has partnerships with the Japanese government and banks; as well as in Malaysia and Myanmar. This is why the price is exploding. Posters do your homework.

Nice catch, SydorFunk. Yes, this may be the reason people investing in NEM has a lot of faith in the coin.

LemonAndFriesOne

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People getting mad because they put down NEM and now look at the results of hard work and patience.

Tongue

doriangray

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Activity: 567

Merit: 503

It's crazy to think about a 9 billion supply coin is worth 1700 sat each. Expect it won't last too long.

gentlemand

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Merit: 3015

Welt Am Draht

Gosh.

I mainly sit around posting shite. I like the sea, lovely walks in the country and train journeys for no particular reason.

Should the market trust me? I don't see why not but the market really doesn't care about little old me. And all I do is buy from it occasionally. I'm aiming to spend eventually, not sell.

Just occasionally there are real human beings involved in cryptoland. I am one of them.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: gentlemand on June 27, 2016, 08:12:38 PM

I am a stakeholder. I just checked to see if I'm a pathetic cypher of the sinister team behind this. I am not. I checked twice.

Who are you? What is your background? Why should the market trust you? And the others.

71 guys got together and gave themselves all the Nxt too. And see how that turned out for the investors.

Oh gee, let's all print some tokens and give them to ourselves for 65 BTC, and then we will convince others to buy our tokens.

Let's name it New Economy Movement, so that no one will really focus on the fact that Proof-of-Importance is really just Proof-of-stake.

If we have enough of ourselves to hype it, then the market will think it has a lot of support. We don't really need to talk frankly about the technology. We can put up press releases about how the Japanese Banks are working with us.

Good marketing plan. Kudos.

gentlemand

legendary

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Welt Am Draht

I am a stakeholder. I just checked to see if I'm a pathetic cypher of the sinister team behind this. I am not. I checked twice.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: ?? on ??

i know its very easy to assume that there MUST be some kind of deviousness involved somewhere along the line, but that has never been the case with nem. its a major reason why i supported nem wholeheartedly from the beginning and will continue to do so for years to come.

So we must trust you.

So just like how Mark Karpeles was our hero until he wasn't?

Why didn't you make a WoT to codify the level of decentralized trust in the system, so the decentralized trust is more verifiable.

What are the names of all these people I am asked to trust? Who trusts whom within that? What are their backgrounds and past performances? Etc...

Again I am not making accusations. I am just suggesting that if you want the market to trust you, you should be able to show information that helps to establish the trust.

iamnotback

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Activity: 336

Merit: 265

Quote from: kelsey on April 14, 2016, 09:13:51 PM

Quote from: From Above on April 14, 2016, 04:29:29 PM

my vote is....
...... NEM
New Economy Movement

lol really a giveaway coin that the lead dev admitted to scamming Roll Eyes

please

No one from NEM has answered this question yet:

Quote from: iamnotback on June 25, 2016, 02:03:20 AM

Quote from: BigSirko on June 25, 2016, 12:48:59 AM

1. NEM was a wide distribution to 1000s of stakeholders and only around 65 BTC was collected.

I don't believe the insiders didn't get a lot of tokens. Prove it with math and/or the block chain. How were these "stakeholders" selected? Why were they able to coins but not others? How do we know these "stakeholders" are not Sybils identities for the insiders?

Almost always there is some deception that enriches the insiders and always the market to manipulated (which may explain NEM's rising price if the supply was largely concentrated into a few hands). Not an accusation, but I will assume it is true until shown otherwise, because every single altcoin launch has had some deception.

lethos3

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Quote from: r0ach on June 27, 2016, 02:06:06 PM

No reason. If there was, the charts wouldn't look like this:

normally people who can read charts do not make it public as obvious as it is.

From Above

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Quote from: ashapasa on June 27, 2016, 01:48:24 PM

I am just amazed it raised in price in a couple of weeks? What's the reason, I don't see much nem news that can cause such a rise. I like nem but present growth feels like a pump? Or am I missing something others clearly see.

NEM is the New Economy Movement. It has always strived for healthy long term organic growth and partnership with dem real world

~CfA~

antiscam2000

newbie

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Distribution is/was rigged from day 1 - it rises like a marinecoin or etherscam.

BellaBitBit

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Merit: 500

Quote from: ashapasa on June 27, 2016, 01:48:24 PM

I am just amazed it raised in price in a couple of weeks? What's the reason, I don't see much nem news that can cause such a rise. I like nem but present growth feels like a pump? Or am I missing something others clearly see.

If you read the last 5 or so pages of the announcement thread you will see some news hits and more info. It is an asia based coin so like someone said we are not seeing much of the news here in western countries.

SydorFunk

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“Create Your Decentralized Life”

Quote from: gentlemand on June 27, 2016, 03:22:36 PM

Having said that there are some very cool developments happening but they're almost all in Asia so most people on here will have little awareness of them. It has a CNY pairing in China and may hit a JPY exchange in the coming days.

Reason is right there. NEM has partnerships with the Japanese government and banks; as well as in Malaysia and Myanmar. This is why the price is exploding. Posters do your homework.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

I think it's a great project and have plenty of XEM but I don't have the slightest clue why this is happening. The obvious reason is ETH/DAO money looking for something else to play with.

Having said that there are some very cool developments happening but they're almost all in Asia so most people on here will have little awareness of them. It has a CNY pairing in China and may hit a JPY exchange in the coming days.

Bokelka

sr. member

Activity: 242

Merit: 250

The chart indicates the buyers are very patient, they spend the last 6 months to accumulate the cons. there might be a dump soon.

klarki

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Top Crypto Casino

In fact neither of which were no signs of such growth.
But I like the holder of coins, it is very pleasing.
I break through 2000 Satoshi

r0ach

legendary

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No reason. If there was, the charts wouldn't look like this:

ashapasa

sr. member

Activity: 420

Merit: 250

I am just amazed it raised in price in a couple of weeks? What's the reason, I don't see much nem news that can cause such a rise. I like nem but present growth feels like a pump? Or am I missing something others clearly see.

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