Good update! That's a freaked out looking coin max though, 2,779,530,283,277,761 has any previous coin had quadrillions before? IOTA amount in trillions not quadrillions, don't freaked out there's extremely important reason for this. It's quadrillion, as in the size of the world derivatives market. (see my previous posts for links on the banks OTC derivatives) If we stick with SI prefixes, there will be no mixing of short/long scales. https://en.wikipedia.org/wiki/Metric_prefixhttps://en.wikipedia.org/wiki/Long_and_short_scalesBitcoin has 21 million units, divisible to 8 digits. 1 satoshi = 1 sat = 00000000.00000001 BTC 21000000/0.00000001 = 2.1 x 10^15 units = 2.1 quadrillion units Bitcoin supply: 21000000.00000000 BTC = 2.1 peta-satoshi = 2.1 Psats IOTA supply: 2779530283277761 IOTA = 2.779530283277761 peta-iota ~= 2.77 Piotas A 32% larger supply and no decimals to monkey with! +IOTA |
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Nice optimization, selecting 111111111111111111111111111111111 ternary is more appropriate for the non-humans. https://oeis.org/A096053http://numbermatics.com/n/2779530283277761Ternary is the integer base with the highest radix economy, binary is next. "Most economical radix for a numbering system is e (about 2.718) when economy is measured as the product of the radix and the width, or number of digits, needed to express a given range of values." "Most economical integer radix is almost always 3, the integer closest to e. If the capacity of a numbering system is rw, and the cost of a representation is rw, then r=3 is the best integer radix for all but a finite set of capacities. Specifically, ternary is inferior to binary only for 8,487 values of rw; ternary is superior for infinitely many values. https://www.americanscientist.org/issues/pub/third-base/32016 - the year IOTA will bring a renewed interest to ternary computing.  |
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Barring some fundamental flaw with this technology, IOTA will definitely be a top contender. Blockchain-based designs are numerous. The use of a DAG is a creative solution and puts us in an entirely a new category. Other blockchains will use IOTA as a complement, our features will fix their deficiencies. We are in a unique position, IOTA is unlike anything out there. Once our potential is recognized, the smart BTC and ETH whales will wisely diversify. Overall the conditions look very good: +The IOT space is wide open. +Ethereum is trading in the $10 range. +Big VC's coming on board. +Quantum resistance +Scalability +Zero fees +JINN +...  |
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Could you please be more clear about the content of the post... I hate these types of posts. You give the impression that FORBES mentioned the project directly and when I look through the article there is nothing there about IOTA but only about IoT more generally. With the post I just want to say that IOT is the next BIG thing, its already big, but its going to explode!! when IOTA succesfully operates and makes deals with big company's we can see a huge succes. Oh and by the way, there is actually a article on Forbes where they mention IOTA  |
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i think u should never forget the power of zero inflation
this is why longterm price will have to go up with demand
limited supply for the win!
This is fact. Our fixed supply has no inflation, only 8,999,999,999 XEM in existence. Quantitative easing=bad, BTC mining=poor/questionable, XEM harvesting=good! |
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On the forum there is some talk of branding. https://forum.nem.io/ I agree with rb2, the name NEM is fine with or without an acronym. We can redefine our NEM acronym where the original New Economy Movement is simply replaced with a new phrase that has better meaning. Examples: DVD - Digital Versatile Disc (originally Digital Video Disk) GAO - Government Accountability Office (originally General Accounting Office) GPO - Government Publishing Office (originally Government Printing Office) RAID - Redundant Array of Independent Disks (originally Redundant Array of Inexpensive Disks) WWF - Worldwide Fund for Nature (originally World Wildlife Fund) TWA - Trans World Airlines (originally Transcontinental & Western Air) NEM - New Easy Multisig NEM - New Economic Markets NEM - New Engineered Money NEM - N?---? E?---? M?---? Another option is we can go with a recursive acronym, an acronym that refers to itself. https://en.wikipedia.org/wiki/Recursive_acronymExamples: cURL - Curl URL Request Library GNU - GNU's Not Unix LAME - LAME Ain't an MP3 Encoder MEGA - MEGA Encrypted Global Access Nano - Nano's ANOther editor PHP - PHP: Hypertext Preprocessor (originally Personal Home Page Tools) PIP - PIP Installs Packages WINE - WINE Is Not an Emulator (originally WINdows Emulator) XBMC - XBMC Media Center (originally XBox Media Center) Saab — Saab Aeroplan AktieBolaget (originally Svenska Aeroplan AktieBolaget) NEM - NEM Easy Multisig NEM - NEM Experimental Money NEM - NEM End of Money NEM - NEM Ez Money  NEM - NEM ExtreMe NEM - NEM EMpowers NEM - NEM E?---? M?---? *not serious about any of these, just some examples, you get the idea (owon's NEM is Now Entirely MOSAICS or nemoto_v2's New Economic Machina aren't too bad.) Words starting with e and containing m http://worddetector.com/q/e*m*/Some of the very big companies are known just by their abbreviation. AAA.comABC.comADM.comAMD.comATT.comBBC.comBMW.comBYD.comCBC.caCBS.comCNN.comDHL.comDOW.comHTC.comIBM.comING.comJAL.comJVC.comNBC.comNEC.comNHK.or.jpTBS.co.jpTCL.comUBS.comUPS.comYKK.comZTE.com.cnMost of the acronyms are derived from their initials. The company BYD is an acronym derived from the phrase "Build Your Dreams". http://www.byd.com/aboutus/profile.htmlA reverse acronym or backronym is where the phrase is chosen to fit the letters. The new AMBER Alert meaning is: "America's Missing: Broadcast Emergency Response". (the term originally referred to the girl Amber Hagerman http://www.amberalert.gov) The official title of the USA PATRIOT Act of 2001 is a ten-letter backronym: "Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism". Public law 107-56 http://www.gpo.gov/fdsys/pkg/PLAW-107publ56/pdf/PLAW-107publ56.pdfhttp://legislink.org/us/stat-115-272Some companies, like AT&T and IBM dropped their original formal name and go only as the acronym. The formal name of the SAT exam was Scholastic Aptitude Test it now goes only by the name SAT. https://sat.collegeboard.org/NEM doesn't necessarily need to stand for anything, yes originally it was new economy movement but now it can be simply the brand name. If we can find a good phrase for the N.E.M. or the E.M. then great, otherwise we can just be NEM without any particular meaning. |
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Top Ten Tech Predictions for 2016 1. Virtual Reality - a watershed year. 2. Consumer robotics becomes a reality 3. Wearables go to work 4. The race for 5G begins 5. Many devices, one platform 6. Blockchain technology embraced by financial institutions 7. Hybrid console & cloud gaming gathers pace 8. eSports delivers significant new revenues for the games market 9. New security models emerge 10. Crowdfunding Fires StartUp Growth*http://www.juniperresearch.com/press/press-releases/top-ten-tech-predictions-for-2016*SEC adopts rules to permit equity crowdfunding to the general public. http://www.sec.gov/news/pressrelease/2015-249.htmlBitcoin is no longer the only game in town. In the media, "Bitcoin" is slowly (and correctly) being replaced by "Blockchain technology". NEM will be the hot ticket.Good days ahead for the NEM platform. |
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NEM did have the best distribution of any Alt IPO. Unfortunately, I just don't see the Alt market going anywhere. Everyone is looking at Bitcoin and features like Rootstock will make many Alts useless. A business isn't going to integrate with an Alt when they can integrate with the largest Blockchain ecosystem (Bitcoin). Right now, companies don't even know what to do with Blockchain, by the time they do, Bitcoin will have the features ready. Most people won't have the stomach for Alts beyond speculation. The only Alts that will survive (in my opinion) will be those that can directly interact with Bitcoin. It sucks, but the Alt coin boom is over and dead.
On the contrary, the boom is imminent. We are at the beginning phase of Blockchain technology.  Blue - successive groups of banks/companies/consumers adopting blockchain tech. Yellow - market share will eventually reach a saturation level.   * http://www.juniperresearch.com/press/press-releases/bitcoin-users-to-approach-5-million-by-2019According to Juniper the BTC forecast is a little cloudy. My forecast for NEM: Warming trend and clear skies through 2016.  |
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@jabo38 Here are few more notes and stats that may be useful. MasterCard debit purchase volume: $448 billion in the United States for the full year of 2012. Visa debit purchase volume: $1.10 trillion in the United States for the full year of 2012. MasterCard debit transaction volume: 11.3 billion transactions in the United States for the full year of 2012. Visa debit transaction volume: 29.5 billion transactions in the United States for the full year of 2012. Total number of debit card transactions in the U.S.: 47 billion in 2012, vs. 15.6 billion in 2003. http://www.nasdaq.com/article/credit-card-statistics-industry-facts-debt-statistics-cm21786Stock analysis https://www.trefis.com/company?hm=V.trefishttps://www.trefis.com/company?hm=MA.trefisCharts & Graphs Archive http://www.nilsonreport.com/publication_chart_and_graphs_archive.php?1=1&year=2014Visa's network is a star-based system. http://usa.visa.com/download/corporate/_media/visanet-technology/visa-net-booklet.pdfhttp://usa.visa.com/download/corporate/_media/visa-fact-sheet.pdfhttp://investor.visa.com/MasterCard's Banknet is a peer-to-peer mesh network. http://www.mastercard.com/us/company/en/docs/virtual_private_network.pdfhttp://investor.mastercard.com/investor-relations/default.aspxMasterCard and Visa use ISO 8583 Financial transaction card originated messages protocol. https://en.wikipedia.org/wiki/ISO_8583Visa handles on average around 2,000 transactions per second with a daily peak rate of 4,000 tps. http://usa.visa.com/about-visa/our-business/visa-transaction.jspVisa has a peak capacity of around 56,000 transactions per second and 19,000 tps during peak shopping periods. (removed, only available in yahoo or google cache) http://www.visa.com/blogarchives/us/2013/10/10/stress-test-prepares-visanet-for-the-most-wonderful-time-of-the-year/index.htmlPayPal handles around 10 million transactions per day for an average of 115 tps. https://about.paypal-corp.com/The Bitcoin network is restricted to a sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB (anti-spam). 7 tps is the theoretical maximum, the practical maximum is about 2.4 tps. https://en.bitcoin.it/wiki/Scalabilityhttps://www.quora.com/Bitcoin-is-limited-to-7-transactions-per-second-Other-than-increasing-miner-fees-for-the-processing-power-needed-what-other-viable-solutions-are-thereSide-chains can increase Bitcoin's transaction rate. http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/"If all Bitcoin transactions were on the blockchain, to enable 7 billion people to make two transactions per day, it would require 24GB blocks every ten minutes at best." http://lightning.network/lightning-network-paper-DRAFT-0.5.pdfOne Bitcoin negative you may want to include is that it is susceptible to the "51% attack". And actually with less than 50%, the same kind of attacks are possible, but with less rate of success. Someone with only 40% of the network computing power can overcome a 6-deep confirmed transaction with a 50% success rate. https://en.bitcoin.it/wiki/Weaknesseshttp://en.bitcoinwiki.org/File:Bitcoin_weaknesses.jpgBitcoin is more centralized due to large mining pools. http://www.coindesk.com/bitcoin-mining-detente-ghash-io-51-issue/https://bitcoinmagazine.com/9402/mining-pool-centralization-crisis-levels/https://www.reddit.com/r/Bitcoin/comments/1uk690/ghashio_just_mined_6_in_a_row_again_no_big_deal/Bitcoin hashrate distribution https://blockchain.info/poolsThe Bitcoin network has ~5800 reachable nodes (8-2-2015). https://getaddr.bitnodes.io/Bitcoin Network Speed 8 Times Faster than Top 500 Supercomputers Combined https://tradeblock.com/blog/bitcoin-network-8-times-faster-than-top-500-super-computers-combined/Global Bitcoin Computing Power Now 256 Times Faster Than Top 500 Supercomputers, Combined! http://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/Tianhe-2, the world's fastest supercomputer has a performance of only 33.86 petaFLOPS compared to 4,831,951 petaFLOPS of the Bitcoin network (8-2-2015). http://www.top500.org/featured/top-systems/http://bitcoinwatch.com/PoW is wasteful, every second about 400,000 trillion SHA256 computations are being performed by the Bitcoin network. The current Network Hashrate is at 389,815,294 GH/s (2-8-2015). https://blockchain.info/statshttps://blockchain.info/charts/hash-rateBitcoin Miners Are Racking Up $150,000 A Day In Power Consumption Alone http://techcrunch.com/2013/04/13/the-cost-of-a-bitcoin/The Impossible Trinity: Security, Environment Protection and Decentralization https://bitcoinmagazine.com/10829/impossible-trinity-security-environment-protection-decentralization/Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects http://www.coindesk.com/think-tank-debate-bitcoin-mining-environment/Under the Microscope: Economic and Environmental Costs of Bitcoin Mining http://www.coindesk.com/microscope-economic-environmental-costs-bitcoin-mining/Under the Microscope: Conclusions on the Costs of Bitcoin http://www.coindesk.com/microscope-conclusions-costs-bitcoin/Virtual Bitcoin Mining Is a Real-World Environmental Disaster http://www.bloomberg.com/news/articles/2013-04-12/virtual-bitcoin-mining-is-a-real-world-environmental-disasterBitcoin's carbon footprint is out of control. http://bitcarbon.org/ |
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How much is one XEM potentially worth in the future?  If the currency is as good as the blockchain then it's probably the best. If it becomes the reserve currency then something around 10 000 dollars per 1 XEM in today's values. 1 dollar per XEM would do me though. Awesome yeah 1 dollar would be nice, I am not too greedy  Well that would mean 9 billion marketcap. BTC went to over 12 billion marketcap and honestly , BTC has nowhere near the pedigree of NEM. These are still early days........people , don't listen to that loser dannac.....get yourselves some XEM. This is exactly right. "These are still early days." PayPal processes $240 billion worth of transactions a year and has a marketcap of $45 billion. https://finance.yahoo.com/q?s=PYPLVisa processes $4.8 trillion worth of transactions a year and has a marketcap of $181 billion. https://finance.yahoo.com/q?s=VA $9 billion marketcap is nothing for a technology that will most likely compete with all current financial institutions. Bitcoin has first-mover advantage and is the top brand, but NEM will have second-mover advantage being more efficient and feature-rich. Bitcoin -Has inflation (14,437,800 btc in circulation, that leaves 6,562,200 btc still left to mine). https://blockchain.info/charts/total-bitcoins https://en.bitcoin.it/wiki/Controlled_supply-Energy hog Proof-of-Work block reward algorithm. (PoW a.k.a. Proof-of-Waste) -PoW mining causes monetary inflation. -Slow 10 minute transaction confirmation. -Poor initial distribution. -No asset exchange. NEM +Zero inflation (fixed supply, all 9 billion coins released at launch). +Energy efficient Proof-of-Importance block reward algorithm. (PoI is environmentally friendly and rewards only the most active nodes.) +PoI harvesting, no monetary inflation, coins are earned solely from transaction fees. +Fast 1 minute transaction confirmation. +Relatively large egalitarian distribution. +Delegated harvesting. +Encrypted messaging. +m-of-n Multi-signature. +Eigentrust++ peer reputation management. +One-click install client. +Ninja releases! future: +Business rules. +Decentralized asset exchange. +Mobile wallet for Android and IOS. +... NEM is built 100% from scratch (not a fork of Bitcoin or Nxt). The devs engineered NEM for the future with 9 billion* XEM. *actually 8,999,999,999 XEM (Burning 1 XEM gave us that "fortunate" eight at the beginning.) Estimated population, based on current growth trends, to reach 9 billion in 2040. https://en.wikipedia.org/wiki/Projections_of_population_growthWorld population to exceed 9 billion by 2050. http://www.un.org/esa/population/publications/wpp2008/pressrelease.pdfBitcoin: 21 million/1 satoshi = 2.1 quadrillion units. NEM: 9 billion/0.000001 = 9 quadrillion units. The unregulated derivatives market is ~$1.5 quadrillion dollars. http://moneymorning.com/2014/10/01/taking-profits-in-a-1-5-quadrillion-bubble/NEM is designed to accommodate our entire global economy.  NEM has great potential. In the future I can easily see 1 XEM being valued at 1 fiat dollar. |
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Definitely not bitcoin with it's PoW (Proof-of-Waste). I believe in NXT and NEM. NXT has a great platform. NEM is launching soon with it's PoI (Proof-of-Importance) algorithm.
Our global economy has room for both NXT and NEM.
My vote is for the New Economy Movement.
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4 billion has been advertised from the beginning and changing it now so close to launch may not produce the desired results. The handout states NEM will be created with a maximum of 4 billion units, divisible to 6 digits. 4 billion/0.000001 is 4 x 10^15 units. Bitcoin's satoshis is 10^-8 BTC units. 21 million/0.00000001 is 2.1 x 10^15 units. In this area, NEM already has the advantage, 4 quadrillion is more than enough to accommodate a global economy. The unregulated derivatives market isn't even that big. http://moneymorning.com/2014/10/01/taking-profits-in-a-1-5-quadrillion-bubble/In the Chinese culture, 4 is an unfortunate number and 8 is a fortunate number. Multiplying our coin supply by a factor of two is a little on the extreme side, especially on the basis of this superstition. I can see more analytic and logical minds being interested in NEM, not the superstitious types. I like the idea of burning 1 NEM to remove the "bad" 4. It is a good compromise and the simplest solution. When generating the NEMesis block the devs can burn that 1 NEM, then marketing can advertise that at the birth of NEM exactly 3,999,999,999 coins were created. If we want to take that a step further, burning 2 NEM would give us 3,999,999,998 with a "lucky" 8 at the end, or burning 112 NEM would give us 3,999,999,888 with the "lucky" 888 at the end. Even though doubling the amount of the coin supply will double the market capitalization, the effect is that it may lower it's worth. 8 billion means greater abundance and 4 billion means greater scarcity. A lower coin supply may be perceived as more valuable. There are many factors that will influence the value, but ultimately NEM's valuation will be determined by the concept of supply and demand. |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
But it may have a problem of a lawsuit by stakeholders who did not receive coins in the future when NEM value is incredibly high.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture The number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. Creating 8 billion NEM might be good, too. 8 is a good number and everyone's stake could just be doubled. 8 billion NEM is also good, representing 8 billion humans. "According to the most recent United Nations estimates, the human population of the world is expected to reach 8 billion people in the spring of 2024." http://www.worldometers.info/world-population/#milestonesIn 10 years there will be 8 billion humans, that's around the same time when NEM is predicted to totally replace the worlds fiat system. |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
But it may have a problem of a lawsuit by stakeholders who did not receive coins in the future when NEM value is incredibly high.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. |
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Some observations of the new logo candidate. It is too similar to the Quark logo.  http://www.qrk.cc/quarkbrand/It also resembles the triskelion logo of Ripple.  https://dev.ripple.com/img/ripple-triskelion.pngtris·kel·i·on [trih-skel-ee-on] noun, a symbolic figure consisting of three legs, arms, or branches radiating from a common center. http://commons.wikimedia.org/wiki/TriskelionThe new logo explanation says: "Decentralization of NEM is represented by 3 lines coming from the centre." By using the word centre, it implies centralized. Ideally a logo that represents decentralization will not have a center.  The 3 radial lines represents the centralized characteristics of a star network (hub-and-spoke). Another sentence in the new logo explanation says: "Imagine this is a fan, it can spin...". A spinning fan is another circular reference and demonstrates this centralized nature. The new logo is "flat" compared to the 3d appearance of the cube, especially at the size of a 16x16 pixel icon.   The cube represents the decentralized and distributed characteristics of a mesh network (peer-to-peer).  I will not re-quote my previous post, but if you are curious why I believe the cube is better at representing NEM, read this: Reasons for Selecting the Cube as the Symbol of NEM. https://bitcointalk.org/index.php?topic=654845.msg7729767#msg7729767Loi does very good work and his new design is big improvement over the tomoe, but the cube better represents NEM.  My vote will be for Loi's cube design. Bump. This is the final push of the Cube logo campaign. Login and vote. Voting is about to end.Logo vote: https://bitcointalk.org/index.php?topic=654845.msg8163582#msg8163582 |
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The box is not really recognizable as a symbol of NEM and other coins use a box, too.   Hundreds of coins (~450) are disks or some other flat 2-d object, whereas the cube is a 3-d object and its shape is shared with one other coin. http://coinmarketcap.com/currencies/views/all/That is a really good ratio and qualifies it as unique. |
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