Merit of 8 billion NEM.(from a discussion until now)
1) Lucky number.---->popularity --------> large market
2) Soon, world population become 8 billion. ----> 1 NEM per 1 person!
3) 2 million NEM per 1 stakehloder (Double NEMillionaire) -------> Half sell, still NEMillionaire ----------> Wide distribution of NEM----------> NEM's popularity & prosperity.
Somebody please show me the merit of 4 billion NEM shortly.
If he shows the more merit, I will throw away 8 billion and support 4 Billion.
Thanks in advance.
The downsides of 8 bill are enough merrit for 4 bill. It was 4 bill for almost a year now and people are aware of that number. Changing it now will not only make people scratch their heads it will also look like we're all over the place changing stuff like this in the last possible moment out of superstition. |
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Rome wasn't built in a day
Node just needs some time
Looking forward to testing Node tomorrow
Exactly, if you see the early days of NXT you will be amazed how good NODE launch was, i didn't see any fork or any kind for trouble with NODE til now, People need to calm down and stay patient. In the early days of NXT, NXT was fully functional. You can't compare these two launches even remotely. How are people going to fork incomplete closed source software ? |
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3,999,.... or 3,,888,... to avoid 4 billion is just a trick of number.
They are (roughly/about) 4 billion if we round up.
The amount of NXT is 999,997,096. but people say/think NXT amount is 1 Billion.
Even NEM dev team said 4 billion NEM is determined by 4 times of 1 Billion NXT.
If we chose 3.99 billion, less 10 million than 4 billion, while 10 million will be current Bitcoin circulation，while NXT just less 3 thousand than 1 billion. So I don't think we can still call NEM issued 4 billion. Ten million difference should not be ignored. we will call the number 3.99 billion as 39亿(亿=1/10 billion) 9千万(千万=10 million) in China.Of course ,in west country ,3.99 billion maybe still regarded same as 4 billion. But our purpose is to happy asian people for this.So if 3.99billion can make it ,we will be OK. Problem is that people will round 3.9 billion up to 4. @pat: Playstation Death just sounds awesome  I Googled: "PS4 Sales Japan" and got a whole bunch of news articles about poor PS4 sales within Japan. PS4 is supposedly getting crushed by Wii U? I googled PS4 sales in asia and got messages that it's doing twice as good as the PS 2 did. |
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I'm wondering why the PS 4 is doing so well in asia. It's basically the playstation death right ?
I think you people are going a little over board with this whole superstition.
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Nemster are superstitious  Speak for yourself  |
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I'm a fan of the Australian single transferable vote but that's difficult to do with a forum poll. I think I might reset the poll and leave two options
3,999,999,999 (4 billion)
8,000,000,000
Might be a good idea yes. If the only goal is to get away from 4, why do you want to double it ? |
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Uk is becoming more and more like china. Just like the us and every other western country. Fuck this world. |
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is there any sane reason why the supernet price dropped suddenly ?
Because of what XC is doing ?
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I had no idea that so many people would look at the poll, Makoto.  This is a subject that most people can comment on. I had to hunt for it on the Forum though until finding it in 'IDEAS'. You should have put it under 'general discussion'. Anyway I voted for 8 billion like the majority. I think it does belong under ideas. It is an idea afterall. |
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Due to a recently-discovered flaw in the TLS and SSL protocols, you may want to change your password, especially if you accessed the forum using Tor.
Please just do it. But also don't forget that new password.
Don't make me have to deal with more stolen accounts cuz I'm tired. So tired.
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A good point on the forum at the moment about block rewards https://forum.nemcoin.com/index.php?topic=2501.90Jabo38 and Alkaline reckon that some portion of unclaimed stakes should be put to use rewarding ' harvesting' I think that this could be important at least in the early stages of NEM development. What do you think? Anyone not registered on the Forum yet, please do and leave a comment. The first thing that comes to mind is will block reward increase the value of NEM other than enriching the individual with a few more NEMs? Is having 10 more NEMs that is worth, say, 0.2cts each better or having NEM that is worth 2cts. each. I would use the NEMs to develop more applications that will enhance the value of NEM. If we leave NEM as it is, it will never fly. Real money is being poured into Bitcoin projects. Few ever wonder beyond that. If NEM is left alone, it will be like a feather coin reenacted. What we need is a holistic offering that people cannot help but to use it. We should spread NEM as much as we can. For this reason it would be better not to reward harvesting people by a separate bonus. The more we can spread NEM, the more people will trust NEM. And you all know that we need trust for our aim to establish a new economy movement. So we could invest the unclaimed stakes for App-development ( like NEM Wallet, perhaps also some small NEM games like candy-crush, doodle jump combined with chat-function). App-development like this for example will help to bring NEM into everybody's mind. Just my 2 cents Again I agree, I just hope that Nemsters dont get that ' whats the point of harvesting' attitude and was wondering if a portion of unclaimed stakes directed at harvesting in some way would give the network a boost. The downside of giving money to harvesters is that it just looks like we are giving more NEM to the original stake holders as they will be the most likely to harvest and that this really doesn't actually help the NEM ecosystem, but that isn't exactly how I see it. We are giving NEM not to just stakeholders, but to stakeholders that support the network. Generally speaking in life when people give support to a cause the expectation is that they get something out of it. What we don't want is people supporting the network and getting nothing for it. Many other coins are having lots of problems supporting their network because not enough people are running nodes. Bitcoin of course doesn't have this problem because miners are paid well. But in PoS like systems, no new coins are created and many people aren't motivated to protect the network because time after time the block reward is 0. We would like to think that all NEMsters will run a node just because it is the right thing to do, but if time after time they get no block reward, many will turn off their nodes. Ultimately people act in visible and measurable self-interest. Lack of nodes has been the rule with the other PoS like coins and it needs to be avoided in NEM. We need to be the exception. My suggestion was to take a very small amount of the unclaimed stakes, like less than 1%, and set it aside for small block rewards. This would help bootstrap the system. The rewards themselves probably wouldn't even pay for the electricity that it costs to keep the computer on, so we aren't making the rich richer, but seeing those extra NEM tokens coming in brings an emotional satisfaction that will keep the nodes on. People will support the network if even small amounts are rewarded because they feel like they are getting something in return. The small amount of NEMs are visible and measurable. But if the block reward says 0, then people get emotionally turned off and turn off the nodes as a result. Few people do things that don't directly benefit themselves. In the end, I believe NEM will be awesome and that people will be running nodes and will need no artificially created incentives because there will be real fees going towards the harvesters. But that is only after we have an economy, but to have an economy, we need a strong network. A small block reward will help bootstrap the network and therefore bootstrap the economy. In the end, what we really need is for NEM to be so awesome people are using it a lot. But a high volume of transactions won't happen week one because we won't have many third party partners. Until then, I see a good reason to fake it until we make it. To me, one of the beautiful things about NEM is that we get to learn from the mistakes of other coins that came before us. Pretty much all PoS like coins are having problems getting nodes. We at NEM have the best distribution of any coin, but I am not sure if that alone is enough to beat the lack of node problem. Something needs to be done. I do think with our wide distribution and a very small block reward, we could have more nodes than all the other major PoS like coins combined. I think being bigger than the rest combined would be a great selling point of NEM. We have a real chance here to say we have the strongest network and the most confirmed nodes. I think that being able to say something like that will help to attract investors that will make NEM more awesome, which will then really strengthen the network. Do note that a person opening the wallet on a desktop is almost certain to run the nis. That's the beauty vis-a-vis NXT. I'm fairly sure that's the same with NXT it's just not as obvious. Unless of course your using the online wallet. |
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If we have a nemesis account (running a public node) we don't need to have that running until Beta is released, correct? You could have it running right now if you wanted but with alpha. It really doesn't make a difference. |
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what's nemesis?  what's usually called genesis block i.e. the very first block of the blockchain. for NEM it's NEMesis. No, it doesn't make much sense but it sounds cool |
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Seems like Java 8 is officially supported now which will make the installation of the nem client via webstart way more comfortable. Thanks Oracle  |
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uhm...but after the official release, does NEM can be traded directly with BTC?
no one know the answer to this question?  Deciding on which pairs to trade is up to the exchanges. That being said I've never seen an exchange pairing a new coin with something other than BTC. |
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1243 people registered.. thats +243 in what.. 2 days? not bad i think..
If you add people from NXT AE, together it will be more than 2000 stakes. So it's only ~800 missing? true.. I'm hoping there will be no more than 400 unclaimed. At current rate of registration we shouldn't have many.. Phase 2 needs to start asap though.. Phase 2 prob won't start asap but I believe there will be an update soon. Since the recent shitstorm we may change the process slightly to make it easier for us while taking into account what many people said. Don't expect anything though - this is just what I think. Until there is an official update take this as bullshit. |
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My NEM had been stolen
f**K!!!
where had you it kept? linked to btt or on AE? BTT its the account you just posted with thats linked so its not stolen.. did you username just appear in the list of registered stakes with out you registering? Someone must have had access to his account. He requests - from that account - to get his Stake on the AE but appearantly that wasn't really him. |
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What language is NEM written in? How long will be times between the blocks?
Thanks
Written in Java, 60 sec block times (off the top of my head, correct me if I'm wrong someone). I tested the alpha and the block times seem to be just a little longer than one minute, but yes, more or less a minute. The goal is to have an average of 1 minute. Somtimes you get 3 blocks within a minute then the next block will probably take a few minutes. It's all about the avg |
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TEST Start is october 20 , When is available ?
it depends how test goes this mean 1 week 1 mont or even 1 yearh or what (when it goes bad)? how long the test will about go? As long as it takes. Learn some patience. Hmm i think NODE holders have had a lot of patience, but the launch was total disaster. They should have the POA already in the launch..... Market cap #97 and no marketing for months.... I guess it should have been more like NEM - all marketing and no fully released client nor exchange right? NODE doesn't have a fully released software either or would you call the current release complete ? NEM will be fully functional at launch and that is more than i can say for NODE. So imho yes - NODE should have waited with the release and be more like NEM in that regard. |
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