Just to make it clear. I am entitled to a share but I don't really need the token. I just do nothing right? And when NEM is released I just ask for my share. Let me know if I am correct  Correct. |
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Thanks everyone for your patience. New issuing date is 5/30 at the same time 0.00 GMT or 7.00 A.M EST.
Note: a new conversion condition has been added to the conversion rules.
9. Additional conversion condition: A maximum of 2 NEMstake tokens will be allowed to convert to NEM per one NXT account (with one unique NEM receiving account). That means if one account sends more than 2 NEMstake tokens back to the issuer account for NEM, he will receive the cap for that account of 2 million NEM. This hopefully will partly discourage an early concentration of NEM in a few accounts.
Thanks for all your support.
maybe I got it mixed up but 0.00 GMT is 8.00PM EST. for me Maybe I was mixed up with the non daylight saving time. I means 7.00 EST. I could start a bit sooner because as of now it is planned to be done manually. |
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I can wait. Not a problem at all. This project has gained a lot of trust from me.
Thanks for your support. I would take a longer term view on NEM. Sustainability is more important than a short term gain. Since asset listing is coming soon, stakeholders can have a profitable and safe choice to sell at least a part of their holdings if they are impatient. |
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Thanks everyone for your patience. New issuing date is 5/30 at the same time 0.00 GMT or 7.00 A.M EST.
Note: a new conversion condition has been added to the conversion rules.
9. Additional conversion condition: A maximum of 2 NEMstake tokens will be allowed to convert to NEM per one NXT account (with one unique NEM receiving account). That means if one account sends more than 2 NEMstake tokens back to the issuer account for NEM, he will receive the cap for that account of 2 million NEM. This hopefully will partly discourage an early concentration of NEM in a few accounts.
Thanks for all your support.
great idea! i assume taints analysis will be used so people cant just send to multiple accounts? or send nxt to other accounts to buy? No it is hard condition. Nothing more will be added (or subtracted). On taint analysis, there is no reliable way to do taint analysis on Nxt account since every Nxt accounts are connected in a way (6 degree of separation) |
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Thanks everyone for your patience. New issuing date is 5/30 at the same time 0.00 GMT or 7.00 A.M EST.
Note: a new conversion condition has been added to the conversion rules.
9. Additional conversion condition: A maximum of 2 NEMstake tokens will be allowed to convert to NEM per one NXT account (with one unique NEM receiving account). That means if one account sends more than 2 NEMstake tokens back to the issuer account for NEM, he will receive the cap for that account of 2 million NEM. This hopefully will partly discourage an early concentration of NEM in a few accounts.
Thanks for all your support.
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Has anybody claimed the bounty yet? There's this but I'm not sure if UP saw it. Right, saw that, thanks for the infographic. But that's not an investor's handout as far as I can tell. Agreed but UP wanted one based on the info in the summary so it seems to me that it's exactly what he wanted. No based on the full summary not just the allocation tab. Organization, idea, fundraising etc. everything so far. One person wants to do it but bounty is still open. |
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I am one of the NEM stakeholders in the final list named "xiaoxiaojie"
Now the problem is that my account named"xiaoxiaojie" was banned by BTT.
I contacted the author（utopianfuture）, but no response.
Please send messages to my old account or (mailbox is best), verify the authenticity of my.
I hope you can as soon as possible, I had been waiting long.
You'll need to prove that you own the address that xiaoxiaojie used to register. Pls send a small tx or sign a message and post it here. Plz also post a link to your original posting in the registration thread. thank you I tried to send dev NXT, and explain the transaction. Could you explain to Pat? I can't understand the pm you sent me. UP |
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After reading the NEM auction format, it seems very inefficient and time consuming to return funds and organize who the winning and loosing bids are. It is also quite ridicules that if i would like to increase my bid i can't but it would count as 2 seperate bids instead...
My suggestions:
1. Simply use cryptothrift.com, they are very good and charge 2.5% per sold item.
2. Make a wordpress site and use the wp auctions plugin which allows you to auction off items and accpet bitcoin. WP auctions plugin lite is free and pro version is $40 which can be paid in bitcoin.
Both are very easy to setup, allows people to increase their bid and less time consuming.
Could someone offer a counter point ? while do you want to increase your bid? Do as recommended, make a max bid you can afford and forget about it. BTW I am open to suggestions if there are indeed ways of doing thing better. |
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Isnīt it canceled anyway???
No postponed |
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Can you tell me how proof of importance will work?
Makoto should answer that, I really don't want to hype what we are doing though. |
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Will the whitepaper be referenced in the investor's handout? I didn't see it mentioned on the NEM timeline tab. Good point. Everyone is too busy coding to sit down and write a white paper. A white paper should go out at some point I guess to cover new innovation poi etc. to me what we are doing more like software development than an academic pursuit so understandably the core dev. focus on developing first. |
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I will add peerexplorer.com support for Nem when its released if the api is userfriendly like Nxt.
Sorry about the bad talk earlier. That is what NEM is looking for |
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Just recently discovered NXT & laterly NEM. Both seem like a real step forward in crypto and have rightly peaked my interest.
I have been messing around with NXT over the last few days and now have a reasonable holding.
I think I have read most of the threads on NEM (finally - so many pages!) and have a decent understanding so would like to buy a stake on the AE when this goes live.
Few questions:
UF - Saw your post that the token distribution has been delayed. What is your revised estimate - tomorrow? tuesday? later?
All - Do we have a feel for what people think is a reasonable price for 1 stake? I see the latest offer is 26k NXT but with no sell orders it is hard to estimate how likely this is?
It does strike me that the initial stakeholders are likely to see a colossal return on their original meagre investments - will be interesting to see how this plays out. Current cap of $4m before any semblance of a launch is pure madness!
Thanks
We are going to have the public auction of about 4% of NEM as well so asset exchange is not the only option to buy NEM pre-launch. I need to think through some issues so that no more postpone or cancellation next time. |
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I do noticed a slight upswing in dissent compared to prior months. Which seems to be irrational as there are currently more updates and content data releases in the past 30 days than in the past months altogether. I do agree with the statement that, if you bringing negativity, then you are not forced to be here and should surrender your stake so someone else may become a positive participant.
That's not me being a shill but if you're being a 'tard, then you should be a 'tard on someone else's thread (not here) - others who had missed out on being participants would like to come in.
I theorize the dissent may be a reaction the recent (slight) upswing in BTC value. Months ago Bitcoin was rather stagnating, but now Bitcoin looks like it might be poised to rebound or even leap past its' old capitalization record, and some stakeholders are afraid NEM may miss out on that.
There is a degree of impatience and emotional exaggeration, I accept, when considering these stakes were reserved for variable amounts less than .10 BTC - I cannot rationalize how one can truly be 'upset' when effectively they were able to reserve a stake, for the equivalent of lunch money, which will in an immediate timeframe after launch will likely worth several thousand and long term, perhaps, even millions.
QFT - NEM is going to have it's fair share of dumpers, no doubt. However, given it's already rather large distribution, dumps will not be (easily) coordinated, and prices will be much harder to manipulate - at least at first. Depending on who buys up NEM in any large quantity will likely determine it's future manipulation later down the road. I like NEM, alot, primarily due to it's dedicated and transparent devs, and also it's IPO. I think it'll have a good future ahead of it. My only gripe is that ideally, stakes should've been distributed in increments over a set period of time, to discourage dumps/manipulation further. Thanks. I agree with a lot of what you said. My view of the market has always been on the "utopian" side so I am somewhat oblivious to manipulation but regarding NEM I have to be careful. Nevertheless, not giving the full stack to the stakeholders seems like too much on the "centralized" side. Regarding asset exchange listing, do you think NEM will be easily manipulated if we do that ? |
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Utopian,
I am not going to descend into the insults that others have levelled at you, I have seen your track record and until I see evidence otherwise I will assume this indecision is due to concern for NEM and its community.
Personally I don't mind whether you list on NXT AE or not but this kind of uncertainty is not good for NEM or NXT and I speak as a stakeholder in both and I intend to remain a stakeholder in both.
When someone proposes to list something of considerable value on the AE this affects the price of NXT, this could have a pump and dump effect on NXT at the moment which is not good for NXT.
The plan to do this affect NEM stakeholders and people who plan to be NEM stakeholders as they make plans whether to acquire or dispose of assets which could be significant in terms of their crypto investments.
The problem here is the indecision on the day that you proposed to list - this is an unacceptable level of disruption, if there were doubts you should have called it off much sooner and set a new date - the current limbo state of 'very soon' and a lack of clarity about what will happen is not acceptable.
Either withdraw the plan and put people out of their misery and take the heat - it will pass
or
Set a date when the decision will be made one/way or the other with a new listing date if the decision is yes and then deliver on it.
But please resolve this lack of clarity.
I had a post above that should explain the reason behind the postpone and I will set a new date for the exchange listing. There will be a proper ANN and and no cancellation next time. Thanks for the post. |
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This was absolutely ridiculous. He announced he will send it after 100 requests. After that was complement, he announced the date and exact time. He sat there last second and then comes back to announce
delay at very last second.
I should explain here why the postpone decision seemed to appear suddenly and at the last minute. I can assure you that there was no intention of manipulation whatsoever. A coupe of posts which appeared close to the planned time in the update thread are the key reason behind the postponement. These are the posts: https://bitcointalk.org/index.php?topic=426303.msg6924246#msg6924246https://bitcointalk.org/index.php?topic=426303.msg6925570#msg6925570https://bitcointalk.org/index.php?topic=426303.msg6926063#msg6926063One user seems like a prospective investor and the other user is a stakeholder that have requested a token before (crimi). Both showed an utter lack of understanding about NEM governance structure and made some ridiculous demands to me and it hit me that we are never being clear enough about NEM going forward. Most stakeholders sent it relatively small amount of fund for a stake and so far in some bad cases as these two, I can offer the refund to them and we can part away. Solid and Easy. I realized that I can not do a hand waving like that if an investor buy a stake via Nxt asset exchange for 5 btc. Technically, he buys the stake from a former stakeholder and that deal should not be related to NEM or the development team. However, ultimately it will come down to the development team's reputation and NEM as a whole if some similar bad dispute happens. To avoid these situations, I decided to postpone the exchange listing and speed up the Development Contract which will serve as the foundational information for investors. Current stakeholders should also agree to the terms so the whole community could unite on organizational principles and push forward to do other important things. The Development contract (preliminary draft) were very quickly written up and put out there because I know people are disappointed about the postponement of the listing (but NEM summary information have been discussed and agreed on by the core team for a while ). It should have been done in a more orderly manner. Originally, it is planned that we will publish development contract after the open Alpha but now it looks like a correct decision to push it out before more investors are involved. So please be patient so that the development contract https://docs.google.com/document/d/19so-Jy3Gqw2KltZP-gaw3oFaHliN0OdtwZktOP4pCOQ/edit could be read by everyone involved. After that the asset listing will resume. Thanks for your support so far. |
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Do you think NEM's market cap can surpass NXT, which is 700,000 btc now?
ps: one stake of NEM = 70000/3000=23.33 BTC!
No too early. There is still a ton of things to do. |
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Outstanding job! It seems we currently find ourselves in the midst of some kind of cambrian explosion in the crypto world. Moreover, a lot of noise confuses people causing them to impulsively focus on all the wrong things when judging how projects evolve. However, in the midst of all this NEM seems to emerge as an utterly distinct kind of creature. One that seems to be steadily and decisively evolving and may turn out to be a unique black swan. +1. But do not so worried about the timing because we are going to release full version before the next great Bitcoin surge it is not worth it to rush a release in a downtrend. |
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I like the way things are communicated. No problems here for waiting a bit longer.
@Utopianfuture: We stakeholders could however use a 'rough' timescale.
Furthermore, if you need my assistance in helping you, or the devteam, you guys know where to reach me.
Hi thanks for understanding. The alpha is pretty close and in fact core dev. are testing the network currently. However, we do not plan to release a bare-bone blockchain right away (open alpha should be a bare-bone blockchain and comparable to other coin official releases), but add more advanced features to be tested on the beta. So it will take a some more times (a month or more) until the official launch but that will differentiate us from all other coins. I think Jaguar0625 will address this after the open Alpha . |
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