NEM has a massive fund set aside for marketing, so the potential is there. How I feel is we have 1 shot at doing something right, why should we rush it? Should the development team start spending marketing funds now while we still have features in development, or should we wait and market heavily after v1? I'd expect the latter to be more effective.
It's like spending money on an ad, "Hey, buy this car. One day it'll go 100 miles on the gallon, but right now we're still working on that feature."
I think if we pump money into marketing right now, it will mostly be targeting the "investor" type of people. The hype will cause a lot of buying pressure, causing the price to go up too fast. If the v1 features aren't rolled out in a timely manner we'll see a lot of disappointed holders, lots of complaining and we'll likely see a very slow devaluation back to pre marketing levels.
If we don't rush this, and take it slow I think this will happen. More than likely we'll see the antsy "investors" selling early, remember these are the people that are only here for the money. The development team will ninja launch features and over time we'll see a slow healthy growth in price while bringing in real USERS.
i fully agree, and i think most of the team does too but i obviously cant speak on there behalf. advertising at this stage would be closer to spam really. i looked into advertising costs on the likes of cointelegraph and coinmarketcap and some other sites, but the cost i think far outweighs what ever benefit we would get. once more features are rolled out and the marketcap is higher, only then would spending large amounts of money on advertising be a worth while venture. until then, we should focus on producing ground breaking tech and getting the platform to stage where it can be used for a wide variety of uses. so in that respect, it really doesnt make sense to blow huge amounts of funding pre-V1. I think NEM would see serious action if at least some of the top devs / whitepaper authors (particularly the PhD guys) went public with their identities. Reputation counts for a lot - especially these days. Many people dont pay attention to what you do unless there's a big name / university attached to it - then they read what you put it out and follow what you say. A proper academic working paper formatted the way academic papers usually are - with the identities and university affiliations of the main authors - could help give XEM some of the credibility it needs to rise from the sea of anonymous crypto coins that many people dont seem to take very seriously anymore. Makoto (a core dev and inventor of PoI) has been to conferences representing NEM and has been attending NEM meetups in Japan. Other people like myself also use real names too and also attend meetings and conferences. I had hosted two NEM meetups in my locale, but not advertised on Bitcointalk (people I networked with in crypto). Last meetup had special guest who created first Doge ATM in whole world and knows a lot about crypto. Meetup has a lot of beer and entertainment (playlist from YouTube  ) I also attended a Bitcoin meetup in Africa and will write an article on it(like one I wrote about Prague). Maybe when NEM is a bigger name I'll publish for it too.  Jokingly I want to invite Spoetnik to a meetup but he lives 6 hours away in the desert  If crypto becomes bigger I'll need to host a troll convention Glad to see they refilled you medication!! Happy to see you back!! Seriously though, being involved to this extent is very great to hear. Thanks! |
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To me, when you compare NEM to the other options out there, it stands up pretty well.
There will be ups and downs, but we will continue to see it rise because more and more people will learn that the devs have plans for NEM. Unlike other coins, our devs always come through on their promises.
Like I said, as more people out there see that the NEM devs are always working to improve the coin, those people will invest, and cause the value to increase.
NEM will only continue to grow!!!
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I gotta say
These guys coming on the thread with all this
NEM rip
Pat is Up
It's funny, these, goofs
I just hope the all the newbies to NEM realize that there are always those characters who are, well, goofs, and only making lame attempts at FUD.
After awhile it gets annoying
But I've been gone for a bit up until lately
So it's still kinda comical because it's just so outrageous. What tools lol
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Price isn't everything at this point, but it's going up, and will continue to go up. I've been right so far, but this is an easy one to see. IMHO of course.
At launch the price was over 100. It went down all the way to around 55 a week later. It went up o 72 on April 27. Today it's close to 68, so what exactly are you are right about? This isn't much difference After the initial dip the line is going up. This is what I meant by "overall". That is what I'm saying. Its going up, and will continue to go up OVERALL IMHO. There may be quick peaks or quick dips, but I BELIEVE that we will see steady progress upward. The NEM devs are not flashy and pumping NEM, they are quietly working and making improvements. This is why I think we will see slow, but steady gains. The gains are solid and not based on artificial pumps. This is why I am big on NEM. This is not an attack on Nxt, the coin you are obviously big on. I personally like them both. |
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Some bright guy just dumped at a loss all the way down to 64.
liquidity is sooo low in this you couldn't call any up or down movement either dumping or pumping, so market movements at the moment are almost meaningless. What I take from it, is that there are few people selling, which is a GOOD sign. This volume that you say is "sooo low" would many times cause the price to fall, but that's not the case. It has been steadily going up the last few weeks overall. I'm just saying that's the positive I see, and it's a big one if you think about it. Price isn't everything at this point, but it's going up, and will continue to go up. I've been right so far, but this is an easy one to see. IMHO of course. |
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Yes. Even the "late stakes" aren't delivered. It's annoying. There is no transparency. Only a note in the trollbox from makoto that they delivered 22 stakes one week ago (no proof at all). They are harvesting with our stakes and get richer and richer, while we have to buy.
I would not be concerned with the very very little they would earn from harvesting. The last 7 I harvested were all 0. I make about 100 xem a day. Not even worth mentioning. Let's get these stakes sent out guys. It is not good having people who were wrongly accused, and found to be ok, wait so much longer to get their stakes. It is important that we make it a priority to give these guys what's theirs. I understand that people are busy, and that coordination is required to send these stakes out. But it has been many weeks, and 22 sent out a week ago just doesn't seem fair. It's almost everyday that these people are asking and it looks unprofessional. The NEM devs have conducted themselves like true pros with everything else, and this is one thing that sets NEM apart, so lets keep up this high standard and take care of these guys. Many of them are loyal supporters, so let's show them what their support means to the leaders of NEM. It's time IMHO. At the same time, accusing the devs of keeping the stakes to harvest NEM is ridiculous!! I know you should have received your stake by now, but let's not accuse the devs of something so silly. They are busy making NEM better, and I would hope ALL the stakes will be sent out soon. |
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crypto currencies need to be as portable as cash, otherwise it cannot be effective to show people how versatile and easy to use they are if you need to lug around a laptop, very few coins have decent mobile features.
i look forward to seeing what nem comes up with
An android/ios app with nfc transfers would be awesome +1 in wallet fiat to nem exchange, so easy nan and pop could use it, at the moment this is a big barrier to mass adoption.
+1 What worries me is many of us know so much about how computers and technology work, That we fail to understand just how hard of a time a regular person has with these systems. An app linked to a fiat exchange is step 1 to mass adoption. It should be as easy as download the app, done I want to be a part of NEM, I download the app and buy some, like I would anything else these days. |
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So what are the next steps for nem?
What would you like them to be?  If you haven't yet, come join us and propose projects, ideas etc. and help us make NEM something never before seen in the history of men! :-D I believe that the first next step now is the publishing of the whitepaper. Hopefully shortly after we are going to see mobile app. Continuous strenghtening of the network, nodes etc. Continuous refinement and adding of the features line n-x multisig, asset exchange etc. Remember that by each day that NEM network and security isn't breached it gives NEM project validity. I see Marketing is not in this list, and it should be #1 IMHO. #2 is product, things you can actually use NEM for. the AE is a great idea but I feel it has been accomplished quite well with other coins such as NXT so we should not make it our flagship product. I believe an open bazaar, charity work (which will assist with marketing) and the mobile app are important. As well as adoption of use for established markets. I personally am a huge charity/volunteer nerd. I challenge myself each year to 100 hours of service, and each hour represents 5$. Each time I give $5 to charity or complete and hour of volunteer work I deduct an hour. ($50 would equal 10 hours deducted, etc...) And if there is a deficit at the end of the year I must pay that deficit to a charity. (If I have 50 hours remaining January 1st, I owe $250 dollars...) I reached out to a developer to create an app (Charity Track/Calculator) where you could enter your own hours goal, and your own amount per hour (so you go do 25 cents per hour of your goal or as high as you want, in my instance $5...) And each time you donated to charity or did some volunteer work you could share it on social media (Such as Facebook app connection) "I donated/Volunteered at XXXX today click here to see how to contribute" or something of that nature. You could track your goal (similar to my fitnesspal, only this would track volunteer hours/charity donations) and you could see if you have a deficit/surplus by your personal chosen date. And if you owed you could pay your deficit in BTC/XEM/DOGE/LTC or whatever currency you chose to a central system that would dispense it to the charity of your choosing. I am not typing this out as a pitch but as a point that I think we need something innovative, something outside the box, something no one will see coming and hit it hard! And actually M A R K E T I T ! We are currently taking the "We descended from giants" and building on old ideas approach which can work, but lets not be afraid to slay a few dark lair creatures and create something new as well. We are the New Economy Movement not the Improved Economy Movement. I agree that we need something new and outside the box. As for marketing A full on marketing assault may be a ways off, But it is a good time to be coming up with ideas. Dandruff, I believe that much of the planning is being done on the NEM forum on purpose, So you probably won't get too much of a response here. So go over to the NEM forum https://forum.ournem.com/index.phpThere you can keep the marketing conversation going Realize that the team is focused on other things and you may not see everyone jump on quick because the big marketing push is later But You can keep the conversation going, even if slowly at first. I like the idea of planning now. You will find that Xtester is very talented when it comes to marketing and promotion. Working with a team takes a ton of understanding and patience as well. Building relationships and being conscious of those relationships is ALWAYS more important than an idea or making a point. Honestly, it seems that much of the team is very busy with other things, so just go there and instead of PUSHING the marketing aspect each day, simply open the door, and let those who want to walk through it with you do so. I know I will be there walking through it with you, because I think it's important. Mostly because it's a bitch to market a crypto, so we better be planning now. |
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We need Senior Members with a Sig like that, too
Thanks Dandruff!!!
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Is there is any market place for XEM? Where can we buy/sell stuff for XEM?
No where, at this point NEM is an under-marketed code that NEMsters circle jerk. It is as of today pointless. Hopefully this changes soon. Your signature is silly. It's not like you. I went way back reading your posts. It took awhile. You weren't always like this. Look at things this way. Most coins are like fighter jets. They swoop in, and poof they are gone. They are exciting. They move real fast and can turn on a dime. Everything is very quick. They flash high up into the sky, or crash into the ground. A lot of times both. This is what we are used to. NEM is like an aircraft carrier. It takes awhile to chart it's path. Its turns are slow and deliberate. It is very boring to watch at times. But remember, it is built to carry the planes we all like. It is very powerful. And although it may take a long time to get there, when it finally does, everyone will know it. Come back and help us. It may take some time, but it will be very rewarding. We could use your help I believe you care. I do care, maybe too much. I am really hoping I am wrong but i just feel like we need more creative marketing and actually doing something and less talking. Powerful companies spend years on R and D. Then they work for quite some time perfecting a prototype. Then it takes even longer to get to production. Then they actually make the thing. Then a marketing guru envisions the angle of the presentation. Then the masses hear about it finally. This is the shortened version, but you get my point. We are still at the prototype stage technically. V1 is not here yet. Hate to say it, but NEM is not ready for prime time quite yet. Real prime time. Like your mom calls you up and wants to hear your take on this NEM thing. That prime time. The team is solid. The platform is very promising. Real change can take time. I'm writing this because NEM needs to be ADDING good people to the community if were really going to do this, not losing them. Unfortunately, we all want it now. So bad we can taste it. But the team consists of some real professionals. We are all lucky they also have the wisdom and patience to know how long and hard the road to the spotlight is. |
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We all know deep inside that Nem is the chosen one. Imo we need light wallet or blockchain prunage/compression and instant transaction in the near future to rock crypto world. Then asset exchange. Then unleash the marketing  I agree 100% And check out polo People are getting those 5 million and then some. There's 30 million in buy orders above 58 sats and 30 BTC in orders above 55. If I were you guys just pay the idiots selling at 62. That's low enough, don't get greedy LOL |
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sell walls have been magically pulled on poloniex, i let you think about it Wow, I just looked. A lot more buy pressure than sell. That is the first time that I have seen the buy wall far outweigh the sell wall. That is a really good sign the price has stabilized and a rise could come soon. We all knew that was gonna happen. All you needed to look at are the coins were up against. Some are ok don't get me wrong. But NEM is what everyone has been looking for and people are starting to figure that out. Just go to CMC and ask yourself what coins above NEM we won't eventually pass. I hope those who didn't grab some extra NEM yet are able to get it before it gets back to 100 and up from there. But I'd still buy then anyway. But of course it's always nice to get it really cheap. It just surprised me that some had doubts when there was a dip. It is normal, but NEM is different. Especially when we all knew that it would happen after launch. Now those that sold will rebuy once it goes back up, ending up with half or less than they just had not even a month ago. Never fails. I feel bad but thanks guys. |
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Is there is any market place for XEM? Where can we buy/sell stuff for XEM?
No where, at this point NEM is an under-marketed code that NEMsters circle jerk. It is as of today pointless. Hopefully this changes soon. Your signature is silly. It's not like you. I went way back reading your posts. It took awhile. You weren't always like this. Look at things this way. Most coins are like fighter jets. They swoop in, and poof they are gone. They are exciting. They move real fast and can turn on a dime. Everything is very quick. They flash high up into the sky, or crash into the ground. A lot of times both. This is what we are used to. NEM is like an aircraft carrier. It takes awhile to chart it's path. Its turns are slow and deliberate. It is very boring to watch at times. But remember, it is built to carry the planes we all like. It is very powerful. And although it may take a long time to get there, when it finally does, everyone will know it. Come back and help us. It may take some time, but it will be very rewarding. We could use your help I believe you care. |
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You don't need 5 million, that is just the number that would be optimal.
It's not like it's going to be a situation where 4.5 million won't be enough. It's just what Makoto said he would have, knowing what he knows.
They are not about to say, "surprise, you only have 3 million so your out!"
Hope so. Otherwise i would be a little disappointed. ps: NEM is almost my last hope in crypto.... I usually feel so bad when I hear that. This time you're in good hands. It's has an honest, powerful 70 person team with the resources set aside to make meaningful progress. I would say just get as much as you can when it's still cheap. That's all you can do. |
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You don't need 5 million, that is just the number that would be optimal.
It's not like it's going to be a situation where 4.5 million won't be enough. It's just what Makoto said he would have, knowing what he knows.
They are not about to say, "surprise, you only have 3 million so your out!"
Still. I got 7 already.
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the 5million hint isnt fud, but its not what lucky suggests. Will there be any added benefit to having multiples of 5M (i.e. 10M, 15M, etc.)?  Edit: ...without splitting into numerous accounts that is... Makoto said he was waiting a week to send out the extended redemption stakes because he was writing a paper about NEM So there is another hint |
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Enjoy trading the coins with yourself dev I don't think anyone else is going to want your coins. I see you are also mining all by yourself first. Do you see how this is pointless. Unless you are just doing this for a hobby. What were you thinking? I guess you didn't. Weird. lol  |
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Monero is one thing, but it following BTC rise, that is just silly |
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Most annoying video I have ever seen. So hard on the eyes.
You must be 90!! Just Kidding I thought it was the coolest crypto trailer Ive ever seen!! Im 42 and I though it was sharp!!~! To each is own!!!I guess!!! 150K here we come!!! |
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Neos about to lauch, this is the last chance for sub 100k coins
Also, Monero is cheap now because of what looks like just FUD, hopefully not the clam before the storm. I dont like how quiet it is
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