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141  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion] on: September 03, 2014, 10:02:32 PM
http://www.bbc.com/news/technology-29032399

Just some light reading on the topic of anonymity... not crypto focused per se, but relevant I think as we talk about all of that stuff.

And for the record, I don't think anonymity is always about tax evasion, child predators, and drug transactions. Plenty of us pay our taxes and are law abiding citizens and still greatly care about the misuse of information about us. Tongue

Edit: I had an argument recently with a friend of mine recently where he seemed to imply anyone interested in Bitcoins was in to dark web stuff, and rejected it on moral grounds. Further, he stated that it was "mostly" used by dark web people. I see that absolutely changing. Look at bitshares X and tell me you see everyone rushing to it to use silk road. I said blockchains are like hammers, you can build a house or murder someone. I am not interested in banning hammers because some people will use them for murder. It is a tool used for good or evil, but morality shouldn't interject itself in a technology that can be use to secure the privacy and security of the citizen. Any good patriot will stand firm on their civil liberties. We can deal with social problems in other ways Smiley.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."
142  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion] on: September 02, 2014, 04:35:22 AM
Someone explain the crowdsale...
http://altnemo.com/

How does buying $90 an ounce silver when the price is only $20 help anybody  Huh

Why not buy 2 ounces of silver and then with the left over $50 buy some NEMstake or use the money to buy NEM when it launches ...

We are selling on the NXT AE for 2500 NXT atm. 2500*0.026600 = $66.5 (not $90). This is also proof, bullion quality from the Perth Mint, not junk silver sold in bulk.

This includes:

  • "special privileges" in AltNemo. This is likely to be worth much, much more than the coin costs
  • international, insured shipping (which costs more than the base metal
  • 100 NEM cold wallet
  • coin packaging

See http://altnemo.com/ for all the various payment options.

If you look at how much silver bitcoins are selling for, I have seen 1 oz of silver from 2BTC - 15 BTC for one coin. These were not even minted by a famous mint like the Perth Mint, either. So I think the coins can easily be worth 10-30x what you pay now, once you consider everything. If you buy 6, you get 1 free, too.

Gold is selling for 47500 NXT atm, which is 47500*0.026600 = $1263, which is under spot price. Gold coins come with significantly more "special privileges" in AltNemo, as well, making this easily the best deal in crypto if you have $1200 sitting around (again, this price includes shipping).

Anyone on the original stakeholder list who buys a gold coin will get a free silver coin, too  Cheesy

I'm trying to crack that first buy (I think no one has yet), need another week or two Smiley. We need that mobile app! *grin*

Edit: I take that back, looks like someone bit Smiley.
143  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion] on: August 30, 2014, 05:27:10 PM
This is easily the least liquid selling side market I have seen to date on AE for NEM. I mean no buy orders are being filled. All the sell orders are being snapped up. I think the rest of the folks are finally holding.
144  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Crowdsale has begun[Updates & Discussion] on: August 28, 2014, 08:22:12 PM
Holy balls. Anyone see that 39.5 share bid? Haha.

That's 1% folks Wink

its obviously never going to get filled.. so that begs the question.. why is it there? be careful when buying.. if that wall vanishes...

I follow. For poor folk like myself it's mostly academic. My world is tenths of shares Wink. Yeah that guy already has 15, presumably selling off using the wall then buying back eh?

By the way, for all of those griping about the lack of "value" to the crowd sale stuff, y'all recognize the point of the crowd sale is to give a larger benefit to the seller on the other side of the transaction to fuel mobile development, which is the key to the success of this platform, right? Giving 1000 NEM+ on silver sort of defeats the point ya know?

I bought some when clearly straight shares were a better "value" Tongue.
145  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Crowdsale has begun[Updates & Discussion] on: August 28, 2014, 08:08:26 PM
Holy balls. Anyone see that 39.5 share bid? Haha.

That's 1% folks Wink
146  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Crowdsale has begun[Updates & Discussion] on: August 21, 2014, 06:01:21 AM
Can anyone weigh in for me on the NEM analogy to bitcoin world on unique address to sender practices? In NXT land it seems quite easy to look at an address (say asset exchange), and see all their holdings and transactions.

https://bitcoin.org/en/protect-your-privacy
Use new addresses to receive payments

To protect your privacy, you should use a new Bitcoin address each time you receive a new payment. Additionally, you can use multiple wallets for different purposes. Doing so allows you to isolate each of your transactions in such a way that it is not possible to associate them all together. People who send you money cannot see what other Bitcoin addresses you own and what you do with them. This is probably the most important advice you should keep in mind.

Forgive me if this is a fundamental 101 question, but I'm just curious.

There's always a tradeoff between privacy and ease-of-use. The bitcoin model will work with NEM (one address per payment) because NEM supports wallets that hold accounts. If you want a single account that you use for everything, that will also be supported.

So it would be similar to Bitshares X or something where the wallet can have multiple accounts (master keypairs)?
147  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Crowdsale has begun[Updates & Discussion] on: August 20, 2014, 09:06:38 PM
Can anyone weigh in for me on the NEM analogy to bitcoin world on unique address to sender practices? In NXT land it seems quite easy to look at an address (say asset exchange), and see all their holdings and transactions.

https://bitcoin.org/en/protect-your-privacy
Use new addresses to receive payments

To protect your privacy, you should use a new Bitcoin address each time you receive a new payment. Additionally, you can use multiple wallets for different purposes. Doing so allows you to isolate each of your transactions in such a way that it is not possible to associate them all together. People who send you money cannot see what other Bitcoin addresses you own and what you do with them. This is probably the most important advice you should keep in mind.

Forgive me if this is a fundamental 101 question, but I'm just curious.
148  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - NCC Is Now Open Source[Updates & Discussion] on: August 20, 2014, 04:48:54 PM
Buy 6 silver coins, get 1 free when we ship to you
Buy 12 silver coins, get 3 free when we ship to you

I assume this doesn't need to be at once right? That is, if we accumulate a few on the AE over time it is the sum total at time of redemption correct?

Edit: Oh wait, you guys can't ship to North Korea, scratch that.
149  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: August 06, 2014, 04:23:41 PM
WOOOOW, 1 NEMstake had fell to 15000NXT 

Maybe it will be 10000NXT soon! Cheesy

You guys were a waste of time to discuss the future, HOW BEAUTIFUL IT IS!

Nothing had released, just Alpha has launched. A lot of investors had lost they interest in NEM

Other projects had speed up the project progress in order to present they advantage.

And the NEM project just slow down?

It is suspicious that a stakeholder speaks like that...


I believe the original intent was to be a stakeholder with all that comes with it, and not an investor. If you want to be an investor then do your short sighted day trading. If you want to actually build something, stay put, ignore prices, and do something of high quality. We can shake loose the weak hands. If you have confidence in the devs and what they are doing you won't care about the price. The first coin across the finish line that has the same feature set as nem doesn't mean it wins at all. Rushing your product can be bad. One bad security flaw and it destroys the coin forever. You want to properly test for as much as you can, and it sounds like our guys are.
150  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: August 06, 2014, 04:17:24 PM
The guy I recommended for a celebrity stake, who is an internet radio pioneer, regularly talks about about his business finances and his revenue raising methods and some of them can be applicable to NEM development funds.

He uses Amazon affiliate as one source of income (and does mention encourage, occasionally, on the air for people to use the link).

  How that works is you click the Amazon link and it brings you to Amazon (normal prices / looks like normal Amazon) and he gets between 2% - 10% of the product price in referral income.  The NEM threads altogether, going back to January, have had around 200K+ views.  So if NEM had an affiliate link since the beginning it could had raised 1000s or 10000s for development that way.

Technically speaking if you had a group 2000 people use that link and they spent $300+ (buying regular stuff), they would had contributed something like $10K - $15K to NEM development.  

I've used Amazon several times myself (spending 100s) in 2014 but NEM didn't have an affiliate page, so I wasn't able to use it.

 

Guys, I do a lot of selling on Amazon (not affiliate). If you need help with a store front / whatever I'll volunteer. I also know how the affiliate stuff works.

Is it safe to say most folks are discussing via official nem forum now instead of here?
151  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: July 30, 2014, 04:08:47 PM
There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
 
* (is it a whale if they only own like 0.006% of NEM?  Like half of one percent is a bit different from the whales we see in every other coin who own 5%-95%)

It's 32ish now Wink Anyone run a report lately?

And by the way:
http://www.nxtreporting.com/shareholder.php?a=12465186738101000735

That doesn't seem to update.
152  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion] on: July 29, 2014, 06:17:25 AM
There should be a handout created for NEM targeted for people completely new to digital currencies. It should be brochure like, easy for anyone to print out. Make it as simple as possible, explain the idea of digital currencies as a whole and then what approach NEM is taking. People involved in the swarm team could print these off and post them locally on bulletins or hand them out by hand on streets, campuses, local events.

Going further, we could put a message inside some of the brochure offering free X amount of NEM (we could include what market value this would be in $) for anyone potentially interested in getting involved with the project. We could make the brochures unique by serial numbers and have them redeem them after creating an account on the Nem forums.

Does this seem like a realistic marketing idea?


No.  Bitcoin itself is only used by a million people around the world.  Getting people to use crypto currencies is an education campaign and a simple brochure (even with measly freebies attached - which I don't like) would have a very low effectiveness rate.

I've seen the marketing strategies used by Litecoin and Dogecoin.  Back in 2013 they were spamming on large internet forums like Bodybuilding but it wasn't an education campaign "why you should use cryptos" but more like "hear about dat Bitcoin chyieet?  Well throw money at Litecoin and make $$$$"

However unethical it was for LTC / Doge people to pass off their coin as a money flipping opportunity, I don't think anyone on their forum ever writes: "hey guys, remember in 2013 when you were passing off money flipping opportunities to random people on the internet?".

 That method they used was effective in the sense that Doge was able to hit $60 million and LTC is still the Prince to BTC and I was around (albeit not registered on BTT at the time) to see its' raise.  Ironically it was those LTC money flipping threads on websites like Bodybuilding that made me lurk on Bitcointalk.



People don't need handouts or brochures. People need simple and impossible to screw up mobile apps.

Agreed. Make a stupid simple mobile app that feels low intensity and designed to be social instead of institutional and your value will increase organically because of the viral effect. If people go "what is this thing in the top 100" on the store and its stupid simple when they run it because they heard about it from a friend, it will happen naturally. You get it in the top 100 in the first place just by making it a social currency by using gamification or some other simple / fun app that ties in to the real block chain. Maybe it's currency for an MMO game on mobile or whatever. As long as your API is solid, people can tie in to it in a variety of ways with viral apps on mobile. If it isn't easy and it isn't mobile, you'll never hit critical mass. You could have a variety of different apps that do different things (maybe one is a game, maybe one is a "friends bar tab" app) but both use the real block chain underneath. The same dollar that buys bubblegum can also buy a Ferrari, and that is the point. The more uses it has the more value it has.
153  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - One Click Install Is Here[Updates & Discussion] on: July 26, 2014, 06:11:11 PM
maybe some of you know freeNAS: http://www.freenas.org
have this type of nas server running on my own for years know and today i thought i could be a good solution to put NIS service on that NAS machines. NIS plugin runs stable 24/7 in the backround of your home/buisness fileserver, stabilizing the NEM network.

http://doc.freenas.org/index.php/Plugins

the marketing effect would be amazing to put NIS into the most widespreaded, non-commercial NAS server solution.

what do you think?

That sounds interesting. Anyway, at the moment we develop NIS and NCC on Java. To be honest I am not that familiar with freenas, do you already have experience with developing plugins for freenas?

Freenas is BSD under the hood (and uses the BSD out of box network storage functionality) with a PHP front end for managing the configuration files. I'm still a bit perplexed as to what specifically we are proposing to do with it as it relates to NEM. Are we saying that we'd sponsor a bunch of data center implementations of Freenas on pizza boxes or VMs or something and run a bunch of NIS nodes on those hosts? I use freenas a ton in virtual and non-virtual scenarios and would be happy to help if I understood the proposal.
154  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - One Click Install Is Here[Updates & Discussion] on: July 23, 2014, 07:34:56 PM
Also, what features in the 1.8 JDK are we using that we actually need? Are we coding to the new API or are we just saying "for some reason it seems like it only runs on 1.8 because we get a stack trace and we don't investigate it"? I'll accept that as a valid response if there is some UI based objects that really make our lives easier in 1.8. When I compared 1.6 to 1.7 for our dev shop there was like one deal breaker feature we needed (granted our code was business objects and not UI heavy).

Java 8 got some improvements we heavily use like CompletableFuture and lambda expressions.

Acceptable rebuttal, intelligent and specific reason given, statement retracted. And I was not intending to insult anyone. This usability stuff is always a balancing act.

@patmast3r - Your point is absolutely taken, I'm just trying to constantly remind everyone how low the bar really is, so where possible let's make strategic decisions. In this case I think people just wanted a solid justification for the "latest and greatest" tendency concern, which has now been given. That certainly wasn't a jab at the devs, whom I respect. Just don't forget how mind bendingly inefficient the average person is on a piece of technology. Statements like "this will someday replace fiat" require the minimum amount of barriers. As you said, that time frame is much larger than the small window of struggle we are seeing here, so acknowledged. 
155  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - One Click Install Is Here[Updates & Discussion] on: July 23, 2014, 06:29:22 PM
Looks like Ethereum is finally up for sale if that is your cup of tea.

1 BTC for 2000 Ethereum it looks like.
156  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - One Click Install Is Here[Updates & Discussion] on: July 23, 2014, 06:05:38 PM
**NEM requires Java 8**.

Seriously? Soooo.. There is no real intention for this coin to be used by the general public for quite some time to come? I know programmers just love to play with shiny new things but someone should have smacked them upside the head and said a big fat no to that one.

You can install Java 8 just like 7. We provided a link too so what is your problem?
You're the first one to complain so you might not want to talk about the "general public" here.
I'm probably the first one to complain because I'm not part of the crypto community and have spent the last decade marketing shit to the general public.. I spent a decade before that managing programmers and keeping them inline so that the products they created could actually be used by people and not just "techies". The general public has a hard time programming their DVD players.. Of those in the general public that have java 7 installed on their computers they probably only have it cause their kids did it so they could play minecraft. You have to create things that someone who is practically "brain dead" can actually use.

Every single coin out there has these sorts of problem, no thought to actually catering to the general public. They just "hope" that they'll somehow come on board. Everything I read on this forum is all about catering to the community and of course the markets. The first coin that will actually focus on catering to the general public will actually have the chance to "win". I'm not picking on NEM, as I said all the coins suffer from this problem. It would just be nice to see one that actually thinks seriously about it before hand and doesn't put roadblocks in their way.

Have to say I agree. The minute java update pops up my mom closes it and tells me whatever she is trying to run is broken and I need to remote in and fix it. The average computer probably has java 1.6 and possibly 1.7. You can say "hey we provided a link" all you want, and that is a valid response, but the average joe ain't gonna navigate that. If they click it, and firefox asks "what do you want to do with this?", and they say "open" and it doesn't involve a couple clicks before the interface is in front of them, they'll roll over, and that's a fact. I do a lot of pc repair and builds for my community and I promise you the average person can't handle installing a new jdk, as ridiculous as it sounds to you and I. If you want to keep it a geek only cost of entry totally fine, just accept that is what you have done.

Also, what features in the 1.8 JDK are we using that we actually need? Are we coding to the new API or are we just saying "for some reason it seems like it only runs on 1.8 because we get a stack trace and we don't investigate it"? I'll accept that as a valid response if there is some UI based objects that really make our lives easier in 1.8. When I compared 1.6 to 1.7 for our dev shop there was like one deal breaker feature we needed (granted our code was business objects and not UI heavy).
157  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - One Click Install Is Here[Updates & Discussion] on: July 22, 2014, 05:35:24 PM
On gold:

Think about it, there are only two real advantages gold and silver have to cryptos.
1) Value over time across cultures. That is a lot of momentum. (this is of course due to its luster and scarcity from the lack of metal asteroids we get)
2) Usefulness in electronics.

It does not stand on anything else.
1) "Rare". Minted coins are also finite.
2) Store of wealth. This is no different than anything else anyone agrees is valuable. There is no intrinsic value beyond electronics. Bullets, water, and other commodities are really the only real stores of wealth for someone that is concerned with anarchy.

We don't want governments to collapse _completely_. Who is going to have a standing army to guard infrastructure then? Is everyone going to cruise around with solar inverters and netbooks? Weak is fine for social shifts. Total anarchy is bad for everyone but the survivalists.

For people that buy gold and silver via proxies. Do you honestly think you will have access to that in a social collapse? Unless it was delivered to your doorstep... and then, unless you have gold coins... what are you going to do, chip of flakes to transact with people?

I just don't see much appeal to precious metals. The quantities by which you can invest for anyone but the super wealthy means it is often purchased and held through trusted parties anyway.

My 2 cents after considering investing in precious metals. I think you either buy bullets and water and MREs or you buy cryptos. You prepare for worst case or you have the expectation the government is still around.
158  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Open Alpha Has Launched[Updates & Discussion] on: July 14, 2014, 02:03:48 AM
http://techcrunch.com/2014/07/12/money-at-our-fingertips/

Take special notice of the bits around mobile. Personally, I don't like the idea of having some sort of RFID thing that can be used for purchases or my fingerprint because conversely it can be used to track everything I do, but the average Joe is all too happy to trade freedom for convenience, and I have to keep reminding myself when I think of cryptos my views don't reflect the vast majority's views.

This is all food for thought when we consider where to place our efforts in this platform. I have been banging the mobile drum the whole time and will continue to do so. When you can "bump" your phone with your buddy to get him/her back for the beer they got you or whatever, people will use it like crazy. Look, even if you don't replace fiat, if folks can use it in leiu of fiat while out clubbing or whatever and deal with the back conversion at home it will be huge. Much easier than fussing with your bank or cash or whatever while you our out. How often do people have to track the IOUs while out with friends? Who doesn't have a mobile? Solve that problem with tools already in the toolkit and it will jump in value against fiat as its usefulness as a "wooden nickel" system becomes obvious. I think grass roots is much more likely to succeed in this particular aspect as opposed to some sort of "forced" centralized big bank approach (the discussion earlier about Amazon's p2p currency) because it feels lax which is perfect for a "social" currency.
159  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Open Alpha Has Launched[Updates & Discussion] on: July 12, 2014, 05:11:08 PM
Folks,

Seems like nem forum registration is still biffed (anyone else having success?)

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160  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread - Open Alpha Has Launched[Updates & Discussion] on: July 10, 2014, 04:52:55 PM
Who maintains the simple machines forum at nemcoin? Have a technical issue...
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