Fantastic stuff.

In all honesty, ALL altcoins are stagnating -- in fact, most recent alts have either stagnated to the point where the devs simply have took off without a word, or they've simply been a scam (example: EXO coin)

All considered, NEM is the most promising platform to have been released for some time and continues to be so, primarily because of the consistent communication between devs and the community, their professional conduct and the timely delivery on deadlines.

Anyone with two braincells would be putting their bets on NEM.

I wish you the best of luck in your endevour. I agree entirely with your sentiment.

This sums up BTT in a nutshell for me. It's almost funny.

NEM has proven to be the most promising crypto release in the last year and yet it still gets fud -- there's a good reason why BTT activity is limited and this is it.

New algorithm, blockchain Multisig, encrypted messaging, mobile wallet, thorough IPO distribution...yeah, i'm sure it's worth dumping.  

It's been steadily going up for a while now. I do have the same feeling that the price is suppressed - i certainly think it's significantly undervalued for sure regardless of any manipulation.

looking at a +3% change while every other coin is down.

Yes. And sadly it's going to take something serious in the economy for people to realize crypto's potential.

On another subject (well, sort of.) I just read an interesting article. It certainly appeals to my standpoint but i've no idea of the legitimacy of it's claims/views. Considering the nature of the existing financial system (And how fractional reserve banking is corrupted to the core) I get the feeling much of whats spoken in this article is worth noting. (I'll qoute a few segments, then post the link)



Source:
http://kstreet607.com/2015/05/20/wall-street-preparing-to-steal-billions-from-gullible-libertarians/


As i've said many times before - i think bitcoin was a rebellion against the existing financial system with very good and valid reasons (It's introduction in 2008 is no mere coincidence). By not honoring that it's simply going to fall victim to the very same system it rose up against. Sometimes, not playing by the rules is a necessary and required thing. (A high risk with even higher rewards -- certainly was in Bitcoins case)

I think the "compliant" route is naive and will result in the downfall of any crypto that attempts to do it.

Gotta wind back a bit.

Bitcoin was successful because it enabled criminal activity, activity on an anonymous network where anonymity was highly sought after. All of this was a big snowball and gave bitcoin the catapult into the media spotlight for real investors to come along and put their money into it.

Bitcoin also appealed to the growing number of people who were/are tech savvy, who have the upgrade bug and who saw bitcoin mining as a fun, challenging (and profitable) pasttime. However this is obviously something that could not continue as more people raised the bar until we inevitably saw dedicated hardware (ASIC's) come in at a very high price.

Spot on right there.

I'm not facing any. I'm simply trying to view things from an outsiders perspective. Someone who's not tech savvy and certainly not crypto-savvy.

Otherwise i do think the NEM client is far more user friendly then most currencies out there. I just think there's always room for improvement as this is precisely the rut cryptocurrency as a whole is stuck in; people not being able to use it because of the knowledge/usability barriers.


Yeah. I've genuinely not had a single problem running NEM myself (And if I have, it's either been Linux-ignorance related or a due to Java itself) And even then those were sorted out easily with a bit of reading.

The mobile app will really help a great deal i think. In fact i'll be eager to try it out myself.

As much as I support NEM, i do think it's important to not be entirely dismissive of criticism, even that of which may appear as fud or trolling (Lets face it, fudsters are pretty easy to spot when all they contribute is consistent negativity in their post history)

I do think NEM could benefit from more simplification and ease of use, but the same can be said for all crypto's -- crypto in general does have a massive hurdle to overcome in this field and it would be hugely beneficial to NEM if it were the first to accomplish it.

Brilliant, always great to hear good news.

Too many links being thrown about. Moving from one place to the next is by far the worst idea. It just serves to fragment and disorient information and newcomers.

all crypto's are slow right now, this isn't a fault of NEM and in all honesty i think creating new places to congregate is just going to push people away. The official NEM forums is plenty sufficient and all that is necessary.

Really quite sick of seeing people from NXT throwing shit in NEM related threads. The hypocrisy of it is annoying and it is otherwise just simply pathetic.

saying NXT "probably" consisted largely of sockpuppets is a massive understatement. The number of sockpuppets the NEM devs managed to remove was a big eye opener to how greedy and self centered most people are on BTT (which is of no surprise really as BTT is a small community).

Money talks, bullshit walks. One thing you can guarantee is most people did their utmost to own the biggest nxt share possible. Probably just a few Bitcoin whales looking for a toy to play with.

Would be a fair assumption that most of those 70 holders was actually significantly less in terms of unique people.

Although i completely agree, you're really opening up a can of worms here - especially with any political affiliation. (Pretty sure this was already discussed back on the Nemforums)

With the controversy surrounding political ideals this is something that could end terribly. I think nem needs to distance itself from anything political and focus primarily on the "sound money" aspect.

With this in mind though, there are a few and far between politicians that understand the importance of sound, honest money and the ramifications should it not be so. Ron Paul is certainly the one i know comes to most peoples minds. Especially in the Crypto sphere.

Case in point:

https://www.youtube.com/watch?v=q3SOlXxUBLk

Sorta funny really that after everything i've said, we see an article crop up pretty much saying what i just said:

http://news.yahoo.com/deals-dark-helped-bitcoin-off-says-chief-scientist-095010748--sector.html

(Updated my previous posts to include this link)


Indeed. I never meant to imply equality is bad - as i said in my posts, striving for equality is something that should be done with caution and care. It's good to pursue fairness, just do so mindfully.

Sorta reminds me of the entire regulation debate; Some people saying no regulation is good, where'as i'm of the mind who takes the middle ground. Regulation is a necessity, but regulation also has to be strictly regulated  (A problem we see in the FIAT world today, where excessive regulation is a serious, stifling issue). Too much regulation is as destructive as none; it enables criminals and fraudsters, and ruins honest businesses and individuals who try to comply.

This is simple economics though really. You'll never have a "equal" financial system. FIAT right now is largely consolidated in the hands of a few. It's just the inevitable outcome of all systems really.

I'm sure some people reading this might have "communism" niggling at the back of their minds but even that's a joke - it preaches equality but in truth it simply makes everyone equally broke, and those that enforce the rules (ie; Government) are the only wealthy elite through excessive/oppressive taxation (It's why such systems often turn totalitarian).

Fact of the matter is, equality in an unfair world is an impossible endeavor, and if it's something that is strived for, it's got to be done with strict care and moderation (NEM's distribution did this perfectly). anyone who tells you otherwise is probably someone preaching communism when they're the ones working in government office, moneybags at the ready waiting for your cash .

NEM's devs have accomplished a distribution that is nothing short of admirable -- NEM as a platform itself also holds great promise, but i feel unless an understanding is reached of who are currently crypto buyers and what their intents are, it'll struggle to get the momentum to appeal to a wider market. Take a page from Bitcoins history .

Bitcoin too has hit a massive hurdle and is struggling to broaden it's userbase, NEM is the same, just smaller scale.






Fantastic stuff ^^. Really is exciting seeing things progress.

True. Doesn't mean to say fair distribution isn't a massive priority on the release of a new coin though - in fact it's absolutely, 100% necessary. (Even though as time passes, the fairness of distribution will mean nothing once wealthy people start to accumulate large sums)

It is not however a means to an end. You're right in that people are mostly in the crypto markets for personal financial gain - they're also into it for less then legal reasons, money laundering, illicit trade. As much as i don't want to say it; this is reflected upon bitcoins rise to dominance (And the popularity of anon coins), which was entirely enabled through the deep net and all the nasty trading going on there. (Edit: as described in this article here

Fact of the matter is, not only is a fair distribution massively important in the initial stages of a crypto, but also a crypto that appeals to peoples personal needs is a must too. And whether people here choose to admit it or not, the only real personal need most people want from cryptocurrency is anonymity to enable them to accomplish such underhanded tasks.

I believe this is sadly just how the crypto markets work. Truth is aside from legitimate investors, the real users are those with criminal backgrounds or with ill intent -- this is the current demographic of crypto users in the markets right now.

To prove my point; it's precisely the closure and pursuit of marketplaces like the Silk Road that's what's damaged bitcoins value so drastically (and consequently, all coins). People have lost faith in crypto as a true "anon" platform hence alternative anon coins trying to take the spotlight. And it's working.

This is awesome stuff. Fruits of the dev teams labor. Bodes well for the future.

I took this stance, but upon a bit more thought, my view is:


Governments will take Crypto technology and build their own within the current financial system (This is already happening, and was predictable.). With this in mind, I also think it's not unreasonable to assume we just don't end up with a new elaborate scam just as what FIAT had become. (Fractional reserve banking, etc)

Governments hate Bitcoin, because they can't control it. They hate Gold/Silver - they can't print it. Solution: Build their own crypto, one that they alone can control, exploit and manipulate. If successful, this will drive down the price of Bitcoin/Alts considerably (And most certainly kill off most Alts that have not seen reasonable adoption)

Existing crypto's like bitcoin will always have a purpose -- but one that serves those who wish to do less then legal trading. Black market trade is and likely will always be the only way alt currencies will survive and maintain some semblance of purpose and value. The popularity of "anonymous" alt's is solid proof of this. Crypto was a rebellion both financially and in terms of trading, after all, so makes perfect sense.

In other words, crypto will not see the widespread adoption as what people think, because governments will already be utilizing similar technology -- the general population will go about their day to day lives with no dramatic or jarring change, it will be seamless.

Bitcoin (And altcoins - at least those that don't die) will remain a a slight novelty with benefits, and in the event that things do go south with Government issued money/government issued crypto, people will flock back to Bitcoin and alts.


This is my opinion on what the future of crypto will be like.


This bodes both good and bad for Crypto - firstly, it shows government acknowledgement of the legitimacy of Crypto and this in turn drives investor confidence. At the same time, crypto was invented as a means to undermine (and challenge) the current financial system which was, in a nutshell, exploiting people and impoverishing them. This was by design. Thus it's no wonder the only successful coins are ones that embrance anonymity and black market trading.