Bitcoin Forum

No one has confirmed how many stakes/ socks he had?

If all were removed why was the latest one and the only one we know of removed from the list recently?

Link to the official discussion/ update thread https://bitcointalk.org/index.php?topic=426303.0

Hey, Kudos to the developers for stepping-up and recovering ::)I want to purchase NEMSTAKE. I am new to this, so I have a few questions. Please clear them.

-I can just go to the NXT client AE and buy NEMSTAKE and I can buy a maximum of TWO NEMSTAKES??
-Do I need to to request Patmastr3 before buying or I can just PM him after buying the assets on NXT AE?

But I am confused because I have read in the official thread that a single person can only get 1 million NEM or can I buy 2 stakes to get 2 million NEMs?? Also when is the trial version coming out?? I would be happy to try it out!!
Thanks.  ;D

You can trade NEMstake on the AE like any other stake - no need to contact me.
You'd only have to contact me if you are a stakeholder already and you'd like to have your stake issued as asset on the AE.

I've never used that nxt asset exchange before, so am wondering if anyone can help with some newbie questions.

Do we simply trade using our nxt accounts, or go to that website linked here and somehow trade there?
Do we need to own some nxt before using the exchange? And we sell tokens for nxt?


I haven't requested tokens yet, as clearly I have no idea how this even all works. Just checking beforehand if I do want to go the token route.

If you request a token you'll get one issued to your nxt account. You can then trade that token (or parts of it) against nxt.

Thanks, and how much nxt do we need to own in order to even sell a part of a stake? I have a nxt account + several clones (although obviously have barely used it), but pretty sure I no longer have any nxt. I think we need to have a certain amount of nxt in the account to even sell stuff on the asset exchange, or am I wrong?

right now utopianfuture holds all the tokens and issuance rights and he supposedly left the project

the other nem people have no access at all to these tokens at the moment. u should know that

all info can be researched on the nem topics.its all there for u

If you want to request a token, please send Patmastr3 a PM with your Nxt account saying so. Then Patmastr3 will put you in this separate tab in the final stake holder list

Well, I see this stated above:
So assume he is now in charge of distributing tokens.

Since people seem to be trusting me i feel obligated to state that I do NOT YET have access to the NXT account that holds the tokens.

Ah, okay then. Any timetable for when tokens can be given out again?

they/we are still all waiting if utopianfuture runs off with the tokens or not. as soon as utopianfuture decides then patmaster has access or not

Since they are simply tokens, not real coins, I'd think there wouldn't be a whole lot of sense of 'running away with them'.  I'd hope it's mostly just an administrative issue at this point.

Since they are simply tokens, not real coins, I'd think there wouldn't be a whole lot of sense of 'running away with them'.  I'd hope it's mostly just an administrative issue at this point.

That's correct.
In fact the only thing that is keeping UP from sending the tokens to my NXT account is that I currently don't have access to my paranoid 64 char password :)
I think I'll be in possesion of the stakes by tuesday.

Okay, thanks. I'll do a bit of looking into how this asset stuff works some more, and probably get in touch with you by then.

That password stuff with the nxt flavor exchanges is always annoying to me. I keep them written down, but with all the clone flavors, get them mixed up. I once spent an hour trying to figure out my password for NAS... then realized I barely had any in there to begin with.

use a good password manager.its quintessential for internet anyway

like that its all easy as pie

Yeah, I probably should. I was new to nxt flavor exchanges at the time, and didn't prepare beforehand. With one nxt coin it wasn't a  big deal... but with each new coin, it started to add up to a lot of very confusing and forgettable passwords.

I believe all tokens have been issued, is that right Patmast3r?

I believe all tokens have been issued, is that right Patmast3r?

I have one stake. If I activate it, can I buy only 1 more nem stake?

sell while u can and get free money. NEMs intentions are made clear now that the scam had been analysed

To be quite honest, I don't understand how to get in on this.

The threads are bloody everywhere. Can someone just give me step by step instructions on getting in?

I don't get it.

Am I sending BTC or NXT? Where do I send it? How do I receive.

This is driving me mental.

YOU NEED TO BE A NEM STAKEHOLDER TO BE ISSUED A STAKE! WE ARE NOT SELLING STAKES FOR 1 NXT PEOPLE !

I can't refund you if you send 1 NXT as a fee and are not a stakeholder. I don't have enough NXT since many people seem to make that mistake...which is baffling.

To be honest, your communications haven't been the best, the threads are all over the place and no one knows what the hell is going on. Including myself.

Is it too late to get in what is the go?

You can get in by buying stakes on the AE
There will also be an auction but there's no definitive date for that yet.

Our communications got messed up by our former head leaving and locking all threads. However the informations were still all available. Even with the best communication you still have to read.

Every section I read, the thread had been moved somewhere else. I could count at least 4 threads Ive visited today.

There are exactly 3 official threads. 1 for discussion, 1 for the assets and 1 for complaints and refunds. That's it.

Done

C'mon guys were in like 22 place even shitty quark has more votes than us. You can even vote multiple times on different days. We can do sooo much better than this. Nem is at 136 votes vs doge and NXT with 15k and 16k respectively. I need anyone who reads this to simply click the link and click the vote button. So easy

https://hitbtc.com/vote[/b][/size]

the nem is good,but now I do not know some good news for it...

good jobs!

Patmast3r, made a payment and sent you a pm with the details some hours ago. When is the next batch of stakes due? Thanx.

There are exactly 3 official threads. 1 for discussion, 1 for the assets and 1 for complaints and refunds. That's it.

anyone requesting information about claiming tokens on nxt AE can contact me for general info/help! might lighten the load on pat.

@pat

whats the story with requesting 1 nxt to be sent to you to claim? is it purely to cover the cost of tx fees? il send you a 100 or so nxt to cover some if it saves the hasle of having to request 1 nxt (which is a pain if you ask me)

Are the actual NEM coins being issued now or is this still about tokens?

It's about assets.

Sorry, haven't followed the NEM threads closely and not familiar with all the lingo - by assets, you mean the tokens representing ownership of the coins, and not the actual coins themselves?

That's correct. This is just supposed to give users the ability to trade before launch on the one hand and to give them a sense of security on the other.

All clear - many thanks for the quick response. Is there any more clarity about when the actual coins are likely to be available and what the process will be for claiming them?

This is a doubled thread. One of them is made on purpose to scam people. You decide which one.

patmast3r, any news on when you're gonna send stakes again ? i have sent you a pm with the tx id and the nxt account number

thanx

xtester, u can post whatever u want anytime u want. I am not like Nem. I tolerate any opinion and deny censorship. I am not as weak as u r. I dont endorse censorship. as long as it complies with Bitcointalk rules i am fine with what u have to say.

after all any opinion should be allowed and not censored. otherwise we r in medieval times again where we censor anything that differs from our own thinking. that is terrible. self moderation is poison cause it only endorses ONE View. this is never good. is my thread self-moderated? no, of course it is not. censorship is for the scammers. U better put that in ur pipe and smoke it!

patmast3r    Hello, what time to release the token?

Srsly would you just read 2 posts before yours ?
People, this is a movemet. Stop being that lazy.

Srsly would you just read 2 posts before yours ?
People, this is a movemet. Stop being that lazy.

1. PM patmast3r
2. send 1 NXT as fee to NXT-97MX-EWKV-CGKX-DA5WH
3. give txid to patmast3r

I am looking at the asset transaction page. So if I'm not mistaken, 30 tokens were issued today? Price hovering around 20k NXT with buy support of 10.2 stakes ranging from 15k-20k. Quite healthy if you ask me.

And this is a result of giving many AE shares at once to big number of people -> price down :( Too bad for people that dumping their shares. I hope they will see their greed very soon :)

Here is price histogram: https://nxtblocks.info/#section/assets_exchange/12465186738101000735
And here is patmast3r's distribution log: http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=13254208495541261949

Both are covering itself.

@patmast3r please distribute shares more often to keep price health!

Yeah, drop from 25k to 20k (20%) in few hours is quite health. I assume you are economic shark?

At least we are in half way to distribute all AE tokens. ( https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=14 )

It's interesting to watch. Makes me think that when official blockchain will start with distribution over the rest of ~2000 accounts price should drop. So it might be best opportunity to buy in. NXT also had it bigest lows at initial weeks after distribution.

Now I'm confused. Is NEM already for sale on an exchange?


 ??? ???

which exchange?

You're using the old list :)

https://docs.google.com/spreadsheet/ccc?key=0Ak91SD0veCeddDdmTkdaWV8zbHp2dWlodDVEVUItbXc&usp=drive_web#gid=10

Actually, yes.

Hi,

If I buy now a NEM stake on the AE that doesn't give me anything in reality since UF has access to these tokens and he can run away?

So anyone who buys now on the NXT AE is speculating that UF will not run away? And if he does run away the asset purchased from the AE will have no value?

Sorry but I am newbie to all this..

Thanks  

patmast3r now manages the stakes.

A while ago I bought one NEM stake on the NXT AE and now hold one token. Does the NEM community consider me to be a stakeholder in the same way as a stake holder that got their stake another way?

A while ago I bought one NEM stake on the NXT AE and now hold one token. Does the NEM community consider me to be a stakeholder in the same way as a stake holder that got their stake another way?

I am unable to add the NEM token asset to my NXT client.

I click on the Add asset button, enter 12465186738101000735 as the account ID (I also tried with NXT-J62B-CNAR-34YW-4RCFN) but then it just hangs and says "Submitting..."

I've tried many times now. My NXT client is the latest (1.1.4).

Can someone else who doesn't have the asset added yet please try on your machine?

Thanks!

You can't just add the asset to your account. There would be no trading if everyone could just add stuff to their account willy nilly. (Of course you can issue your own asset but that's something different)
You need to buy it or if you're a stakeholder you can be sent one by me.
In order to request an asset send 1 NXT to NXT-97MX-EWKV-CGKX-DA5WH from the account you'd like to asset to be sent to and pm me the tx id.

Ah, ok it is rather confusing. I am looking to buy some more NEM stake so I thought I must first add the asset to my account and then I would be able to purchase some.

I will send 1 NXT to NXT-97MX-EWKV-CGKX-DA5WH now and PM you the transaction ID.

Thanks!

do stakeholders need to send 1 NXT to claim their token on the Asset XE? If so, what if they don't have any NXT?

do stakeholders need to send 1 NXT to claim their token on the Asset XE? If so, what if they don't have any NXT?

There is a faucet out there that will give you 2-4 for free. Or just buy a small amount on an exchange.

One thing I noticed about NXT, as I never really used it before, is how it sort of fees you to death. Requires a Nxt fee to make bids, retract bids, send funds... basically everything.

Quick question...
Is it compulsory to claim the tokens for the AE? Shall I wait until beta release to claim NEM coins?
Thanks!

You don't have to do it now but there's still about 500 shares left if you want to transfer your stake.

How do you transfer a token for a share?

hi Km356,

firstly welcome to nem! :)

there are 2 ways at the moment to obtain nem.

buy it on the AE the way you did.

there will be an auction, after alpha/beta, not sure what the devs have decided yet, but there will be an auction.

aswell as this, there is a third way, development/ecosystem(promotion) fstakes, but theres a catch

The basis of NEM is reward following contribution (not for money invested).

"any stake holder that goes the extra mile will be compensated based on what they have done". as far as i know this would fall under "promotional stakes".

there are many people who work very hard on nem, and still to this day do not have a clue how much they could get, if anything. its just one of those things you do because you love the job, not because of the money. soon, if you follow nem, you will see that those working on nem are truly passionate about what they are doing. and it shows in there work.

any other questions, just ask! :)

kod

This NEMstake business does not seem as fair and equitable as I had read in the forum.

I simply wanted to place a buy order below 25K and I placed a decent order within the spread before going to bed.

Woke up this morning and it seems some bot (or very fast human) manipulated the market to drive the price higher and now I have missed the boat.

Not feeling very fairly dealt in the last few hours!

km

thats just the market. very few people are selling using market order right now.

Why would the address for the NXT genesis block be involved in Asset Exchange NEMstakes manipulation?

It probably has to do with making money :) Next question is whether the activity is ethical according to the stated principals of NEM?

Can you elaborate more, otherwise, I suppose you want to get NEM cheaper.

i dont' see any problem even if someone buy NOW 100 stakes,
those stakes are far better in one solid hands than spread around many weakhands....

Of course everyone wants something cheaper but I would be happy to share my observations and maybe someone can help me understand a little better if I made some bad assumptions.

I reviewed the orders on the NXE AE and noticed one address repeatedly placing several bid orders interspersed with ask orders and cancellations. Hmmm...looks like a bot to me. So, I investigated the address a little and found that it was the same address as the NXT genesis block: NXT-MRCC-2YLS-8M54-3CMAJ

Well, that was interesting and I wondered if the NXT community would be so overt (and maybe they are) but then I stumbled on interesting news in February when the so called "doctorevil" successfully hacked the passphrase for the genesis account. Clearly, the account could have transferred to different hands at that point.

In any case, someone with strong NXT ties is manipulating NEMstakes on NXT AE Exchange. Algorithmic trading may not be bad in itself but, in this early phase, when the NEM community is trying for a sterling reputation for fair distribution based on principles of equality...it is lack luster to say the least!

You are on the right track but need to do some more reading. Everything happening is legitimate.

Some of these forums have soooo many posts. Can you give me some clues of where to find out more information about what I am missing?

haha registered today. So you are CFA or some other troll?
Please instaban from thread.

Why would the address for the NXT genesis block be involved in Asset Exchange NEMstakes manipulation?

It probably has to do with making money :) Next question is whether the activity is ethical according to the stated principals of NEM?

If I am not wrong the fees for placing buy/sell orders are sent to the genesis block.

Thank you for such a clear explanation. I can see that now as I trace my own transactions that fees are going to the NXT Genesis account.

So what appeared to me as regularly placed fake bid orders were actually fee transactions for other people's bid orders going to the NXT Genesis account.

I apologize for stirring your pot while I learn about all these new things.

km

Is the invest period over?

You can still buy stakes on the NXT Asset Exchange. I am not sure about anywhere else.

BE ADVISED: I'LL START IGNORING PMs THAT DON'T FOLLOW THE RULES.
I NEED:
1 NXT SENT TO NXT-97MX-EWKV-CGKX-DA5WH (FROM THE ACCOUNT YOU WANT THE ASSET TO BE TRANSFERED TO)
THE TX-ID FOR THAT PAYMENT

YOU NEED TO BE A STAKEHOLDER TO BE ISSUED AN ASSET!!!


No tx-id -> ignored
No stakeholder -> ignored
No read anything -> ignored
killed my cat -> ignored

I'm sorry but I'm sick of replying to every second PM with "i need the tx id" or "you are not a stakeholder". Wastes my time and yours.

Hi patmast3r,

I did follow your steps and PM you twice. Please help to get my stake.

Thank you very much

I replied to your last pm. You did follow protocoll which is why you are on the list for the next batch.
All is fine - you just need some patience :)

So i have .1 nemstake on the asset exchange, how do i turn that into NEM, and do I have to wait after it comes out?

so I see in 6 hours NEM is released, I'm no stake holder so I would like to buy NEMstake. Do I need to send them somewhere else before the 6 hours window or comment here or how would I convert the NEMstake to NEM later?
thanks!

In order to request an asset send 1 NXT to NXT-97MX-EWKV-CGKX-DA5WH from the account you'd like to asset to be sent to and pm me the tx id.

Hi; i pm'd you but you said I was not on the list; i registered that account for nem and i see my nick on the list + i send you 1nxt already; and you are not answering my pm  :)

cheers guys and good luck to the nem team

Yes because i didn't know what that pm was supposed to be....forwarded it and kodtycoon couldn't make sense of it either.
You need to give me the tx id for that 1 NXT tx.
PM it to me.

patmast3r, just wanted to thank you for introducing the new PM'd newsletter. Makes it much easier for those of us who dont live on bitcointalk.org to keep up with NEM developments. Many thanks!

I send PM to user patmast3r requesting token but dont get reply. Tokens are still distributing?

Hello! How I can accept NEM stake?

accept? what you mean?

If IPO is closed, how I can owned menstake?

2 weeks after NEM will be started you can exchange tokens to NEM Coins, but if you need token now for AE you mast pm PATMAST3R

But I not have hem stake. What I need do?

don't understand you, what you want, you want to buy some NEM Stakes or what?

Yes

you want to buy a nem stake? you can buy on the nxt asset exchange.

I want buy menstake in AE, but I not know how do it. I'm lamer  :-\

it's easy.
just start NXT client.
open Asset Exchange, and look for NEM asset https://nxtblocks.info/#section/assets_exchange/12465186738101000735
Asset Id:   12465186738101000735
click add new asset

How run NXT client? I not understand, installing java and etc...I not can it ((

it's easy, just install NXT client and run it.
more info about NXT and FAQ you can find in there - https://bitcointalk.org/index.php?topic=587007.0

I installed it. Where I can buy NXT?

dgex is most secure but very slow.
bter is fast, iv never had issues with bter and i always use it.
crptsy is crap and having serious issues and i wouldnt advise using it.
poloniex i havnt really used much, seems ok but has been hacked before(they paid back the last people that lost money)

for USD its advisable to buy at coinbase or another reputable exchange. but you will need to provide proof of identity in order to purchase with dollars. another option is to buy bitcoin from an american version of eircoin.net (i dont know what american ones there are, if any) and then send your bitcoins to one of the above exchanges to buy nxt. cryptsy accepts USD but only with prood of ID and they are not safe to use imo.

hello, you have posted about token issuance. there you can read more info
(edit)bilcointalk(edit)org/index.php?topic=654845.msg7350595#msg7350595

regards ;)

NO MORE NEMStakes are being issued !

Details of why to follow.

did i lose my stake?

nope. issuing of assets is being halted.

can i ask my  NEM token NOW?

i have no problem with that UtopianFuture did...at least he was man enough to face it and tell us not run away with whatever excuses :)

:)

After the official launch is NEM stake going to be withdrawn from NXT AE?

wow... What kind of deadline? how long? 1 month or less? When do we estimate the official launch? I am asking because it is summer and will soon go on holiday's and I don;t want to miss that...

As I said what feels like 100 times now - I can't answer every single PM. You should just check your account as the asset was issued at least a week ago into your account.

List: https://docs.google.com/spreadsheet/ccc?key=0Ak91SD0veCeddDdmTkdaWV8zbHp2dWlodDVEVUItbXc#gid=14 If it says "Sent" nxt to your request then you should have the asset in your account already.

Are NEM AE stakes still able to be requested or have they all been issued ?

halted at the moment

So how do I currently claim my stake that I hold in the AE? Is my stake valueless now? I shouldn't buy more stake from the AE anymore?

What is what everyone says that conversion from the AE is halted?

Will I be able to trade my stakes on the AE once nem is launched? So I can sell on the AE and buy the nem coins from an exchange? Or I still need to pm you? Not sure I have understood how that works...very newbie and limited it skills sorry..

it will be reopening very soon. should be hopefully tonight tomorrow or day after but i can promise anything. shouldnt be long anyway. :)

What happened to NEM being the fair and equal coin?

Some can request Nemstake tokens and others can't?

Where is the fairness in that?

I admit I didn't see it was restricted to 1000 tokens to begin with, my apologies. I do find the small number of tokens a bit strange given the size of NEM's user-base though.

I have a few questions.

Why has issuance been suspended?
How many tokens have been issued?
How many were issued to the dev/marketing team?
You have said there is no ETA for token issuance to be resumed, but perhaps the community can receive a best guess?

We are close to resuming (discussed on the last page) but are still ironing out the details. My personal guesstimate is next week or the week after that.

I want to know, NEMCOIN when to come out? By way trading a token? ???

If I have 0.1 stake on the AE I don;t have to do anything at this time correct?

Not at this time no.
Our plans on how to handle distribution are becoming more concrete and we'll announce the process in detail as soon as we're ready.
We'll try to unify AE holders and "normal" stakeholders as much as possible to make the process as simply as possible on the backend of things.
We'll prob build a portal of some sort to redeem NEMStake - like I said - we'll announce it  ;)

TOKEN REQUESTS CAN NOW BE MADE - READ PROCEDURE BELOW

1) Send 1 NXT from the account you want the asset to be transfered to to NXT-97MX-EWKV-CGKX-DA5WH
This will pay for the tx fee and act as bookkeeping.

2) Send pm to xtester with patmast3r in cc.
The pm needs to include the tx id for the 1 NXT payment. Don't pm us saying "I payed 1 NXT. Send my token". INCLUDE THE TX ID!
This is what a TX ID looks like: 7136633102723179216. Plz don't send us something else.

We'll issue tokens once a week. Current plan is to issue tokens every monday. Plz send your request at least 24h in advance otherwise you'll have to wait for the next monday to come along.

xtester will check first, put you on the list, then I will recheck and issue the token.

Everyone that already pmed me before will need to pm again. I can't search all those pms in my inbox for every single request I hope you can understand that.

for my understanding: this procedure only is necessary for NEM stakeholders which are listed at: https://docs.google.com/spreadsheet/ccc?key=0Ak91SD0veCeddDdmTkdaWV8zbHp2dWlodDVEVUItbXc&usp=sharing#gid=14