One thing I can honestly say about this project. If you honestly wanted a say in what happens with the leftover stakes, you do have a chance to be heard. Not everyone involved with this coin is a "developer". Try getting involved and you'll see what I mean. Or, you can just sit back, watch, and make comments.
I am contributing by posting my opinion. I personally never liked the distribution plan because it was designed from start to milk as much money as possible. 10%, 15% future, and there was plan for auction which meant even more bitcoins for "developers". The whole thing was designed to milk as much money as possible for "developers" (don't forget 66 BTC and several thousand Nxt during IPO). That's a lot of "milking" Make it 10% for developer, 15% for future, and distribute the rest equally among stakeholders who do claim their coins. How is that? Pretty simple I agree, with the 25% NEM should be fine already, and doesn't need another auction to "milk" more BTC. Good point. Uncaimed stakes should be divided and distributed to claimed stakeholders. This should be simple and fair. UP was planning to auction 200 or so "stakes" which meant even more bitcoins for the "developers" -- apart from 10% and 15% and 66 BTC and several thousand nxt during IPO. This "auction" idea was designed to be as self serving as possible. Really, after all the Nxt bashing, it had the simplest and fairest IPO. Everyone who contributed got proportion amount of Nxt and there was ZERO development stake. Luckily 25% never showed up to claim their coins and that money went into various groups that community formed and voted (marketing, development, infrastructure, etc). There was nothing complicated or self serving. How often do I have to tell that we'll deal with it in the best way possible ? The core team will not just take the unclaimed stakes. It will be decided and executed in a transparent manner. Your concerns have been heard. You are requesting actions based on assumptions and that's simply not going to happen if we can just see what happens and then react accordingly. Also the idea for the auction came from the community so it wasn't designed to milk anyone unless the idea was to milk themselves ? It's one thing to display concerns but it's just wrong to spread completely incorrect facts. |
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This thread is for refunding.
Plz move to the discussion thread for discussion.
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Don't worry. We'll consider doing this once we know how many unclaimed stakes there are.
You have to make a decision before sending the coins to stakeholders (as they will get 90% instead of 75%). I am sure you have enough time, but the decision could be made just a day before distribution. We could make a second round and distribute the rest among stake holders. More work but it would give us certainty about the number of unclaimed stakes. |
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No one has confirmed how many stakes/ socks he had?
If all were removed why was the latest one and the only one we know of removed from the list recently?
That's not the topic of this thread (or any other thread for that matter) If you want to discuss things plz head on over to the discussion thread. |
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Don't think it'll be that many but there are plenty of options how we could deal with them.
-another auction
-a sell to veteran memebers
-bounties
-faucet
Thruth is we'll probably discuss this once it's clear how many we're really talking about.
It will be very high. Nxt was launched only 2 months after the announcement and 25% never showed up. 25% of 30000 is 750 (at least and real numbers could be higher as here we have 7 months delay) This exactly is the problem! Auctions would mean stakeholders will have trouble selling anything for months after the launch when there are still 750 million Nem being auctioned off. bounties and fauces (25% .. 1 billion Nem in faucets, really fucking serious? ) That's why I said instead of reserving 15% for future development from the start, you should use unclaimed coins for that purpose. There would be a lot of them, I am pretty sure about that Still possible to do that. Not a bad idea actually. It is ok. We need money for promo and marketing and competitions (maybe), social impact investments. So many things can be done with it. I am least of all worried. We should only worry about it when we cross the bridge.s. There would be enough money from unclaimed coins to spend it for years. If 750 don't claims their coins (I think number is going to be higher) you still have close to 1 billion Nem for " promo and marketing and competitions" Don't worry. We'll consider doing this once we know how many unclaimed stakes there are. |
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Don't think it'll be that many but there are plenty of options how we could deal with them.
-another auction
-a sell to veteran memebers
-bounties
-faucet
Thruth is we'll probably discuss this once it's clear how many we're really talking about.
It will be very high. Nxt was launched only 2 months after the announcement and 25% never showed up. 25% of 30000 is 750 (at least and real numbers could be higher as here we have 7 months delay) This exactly is the problem! Auctions would mean stakeholders will have trouble selling anything for months after the launch when there are still 750 million Nem being auctioned off. bounties and fauces (25% .. 1 billion Nem in faucets, really fucking serious? ) That's why I said instead of reserving 15% for future development from the start, you should use unclaimed coins for that purpose. There would be a lot of them, I am pretty sure about that Still possible to do that. Not a bad idea actually. |
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The dev team only gets 10% for half a year of work, which is not too much. The remaining amount is to keep NEM develop sustainable for at least another year and if things go well, we want to get a few people working full time on this. That is only realistically possible by reserving 25% of NEM.
What are you going to do with unclaimed stakes where people on the list never come back to claim their stakes? These unclaimed stakes could be as high 750 to 1000 (even higher?) Don't think it'll be that many but there are plenty of options how we could deal with them. -another auction -a sell to veteran memebers -bounties -faucet Thruth is we'll probably discuss this once it's clear how many we're really talking about. |
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Well, I'm absolutely shattered. Worked through the night to get all the threads back up and running. We sort out NEM's organisation properly, the refund and NEMstake threads are currently worthless. But at least they're there! I opened a card on the Trello board, go check it out! Meanwhile, I need sleep!  Night! Or should I say, morning... YAWN! Thanks for stepping up ! |
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I think people that make it on 15 ignore lists of Full members should be banned.
People like gorillajam would be insta-banned.
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now one problem remains: utopianfuture issues the nxt ae stakes which makes them pretty much useless at this point as its completrly untrustable in any means. fuck me, i have several of those. sell low now or wait for a new high sometime? well questions questions
That is the least of our problem imho. UP doesn't own any NEM. He owns assets and as long as they stay in his possesion we'll just not issue NEM for his tokens. The poeple who bought tokens that were already issued to stakeholders will get their NEM as promised allthough they will probably have to send them back to a different address not belonging to UP (in case he really does step down). do u know how many stakes UP owns exactly? or does the dev team not know this either actually? either way thx for addressing this man The truth is I couldn't know but we had a talk on irc where numbers where mentioned. I don't want to say anything though before UP gives his statement cuz I still think he's a good dude that had no bad intentions. wait u are saying only utopianfuture himself knows this? what rights do the other devs like U have actually? First off - I'm not a dev. At least not a core dev. And of course noone new about the socks. This happend during a time when UP handled the registration all by himself (afaik). Before this goes any further plz wait for the statement because I think it'll really clear some things up as his intentions really don't seem to have been all that bad. |
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now one problem remains: utopianfuture issues the nxt ae stakes which makes them pretty much useless at this point as its completrly untrustable in any means. fuck me, i have several of those. sell low now or wait for a new high sometime? well questions questions
That is the least of our problem imho. UP doesn't own any NEM. He owns assets and as long as they stay in his possesion we'll just not issue NEM for his tokens. The poeple who bought tokens that were already issued to stakeholders will get their NEM as promised allthough they will probably have to send them back to a different address not belonging to UP (in case he really does step down). do u know how many stakes UP owns exactly? or does the dev team not know this either actually? either way thx for addressing this man The truth is I couldn't know but we had a talk on irc where numbers where mentioned. I don't want to say anything though before UP gives his statement cuz I still think he's a good dude that had no bad intentions. |
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now one problem remains: utopianfuture issues the nxt ae stakes which makes them pretty much useless at this point as its completrly untrustable in any means. fuck me, i have several of those. sell low now or wait for a new high sometime? well questions questions
That is the least of our problem imho. UP doesn't own any NEM. He owns assets and as long as they stay in his possesion we'll just not issue NEM for his tokens. The poeple who bought tokens that were already issued to stakeholders will get their NEM as promised allthough they will probably have to send them back to a different address not belonging to UP (in case he really does step down). |
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Until today NEM was good promises and hot air. Now, it is turning its face to the "scam side" dangerously.
alpha is still on route as sheduled. This is no scam. Unless I was delusional those last weeks. imagine it would be a scam after all. LOL. i do NOT think so. Nem itself is not a scam and it has good development. at least thats what i think. THINK that is. Not KNOW. nobody knows except those deeply involved in the code. the only obviously scamming person until now is utopianfuture which is why he should or must be excluded from the project for the sake of the project itself we all know this and so do u patmaster. u are just afraid of utopianfuture kicking ur ass like all those who fear him in the Nem community. be true to urself my friend. ur a good guy. do not let urself be used by someone who is lying to u I'm not afraid at all. If push comes to shove we could start all over again. The devs are still on baord and the community seems to be - at least in part - still behind the project. I may not be part of the core team but I do think that i'm rather involved in the NEM development. Unless people have been orchestrating false discussion on trello and irc... Unless people have invested insane amounts of time building fake software that i tested... Unless I'm hallucinating... ...NEM is not a scam. |
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Until today NEM was good promises and hot air. Now, it is turning its face to the "scam side" dangerously.
alpha is still on route as sheduled. This is no scam. Unless I was delusional those last weeks. |
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You haven't been in this thread before today or at least i don't remember you and since I'm following this thread rather closely i think i can be pretty sure that you we're not active here. Now all of sudden you're calling for a community vote ? As far as I'm concerned you are not part of this community. I'm not saying don't vote. I'm telling YOU personally that I don't like how you seem to roll. I agree with patmast3r. I've been reading this whole incident and I was disturbed by what has been revealed. But I don't want to talk about my hurt feelings here, instead I want to look forward. I believe we will all soon be able to read some official statement hopefully from UP but if not from him then some statement from the core team. I see this incident as an opportunity to further strengthen the community. This is only a test for NEM. Somewhat unexpected but the best test are always like that. We should also be mindful that at times like this all kinds of trolls emerge and want to further destabilize the community and push their own interests. As many have said before me, we need to calm down and be patient. Dear fellow nemsters, let us show patience, kindness, respect and perseverance in times like this. Let us show our support for the whole core team and most importantly a really great project. There is no place for fear because of this incident. It's nice to see some sensible people. btw it's not the nemsters that need to calm down. 90 % of the people that are moaning here are completely new people that never opened their mouth once in this thread. |
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Ok, UF doesnt like Simcoin and he created 2 fake accounts for posting on Simcoin thread.
Of course he can't use UF account and writing on another post. He make a mistake, it's not nice to insult others devs ( I LIKE SIMCOIN)
but that doesnt have nothing with NEM.
UF is doing great job for NEM.
he also claimed a second token for NEM with his fake account! Again...tokens are worthless. If UP was to be removed we simply wouldn't issue NEMs for his tokens. Again, he can sell his token on the market place... Yes, but let's cross that bridge when we get to it. No need to worry about stuff that could possibly maybe happen. He's not going to do that. This isn't a complete different person now. He's made a mistake in the past claiming more stakes than he has publicly shown. Since then he's done nothing of that kind so there's no reason to assume he'll go rouge now. |
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Ok, UF doesnt like Simcoin and he created 2 fake accounts for posting on Simcoin thread.
Of course he can't use UF account and writing on another post. He make a mistake, it's not nice to insult others devs ( I LIKE SIMCOIN)
but that doesnt have nothing with NEM.
UF is doing great job for NEM.
he also claimed a second token for NEM with his fake account! Again...tokens are worthless. If UP was to be removed we simply wouldn't issue NEMs for his tokens. |
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You haven't been in this thread before today or at least i don't remember you and since I'm following this thread rather closely i think i can be pretty sure that you we're not active here. Now all of sudden you're calling for a community vote ? As far as I'm concerned you are not part of this community. I'm not saying don't vote. I'm telling YOU personally that I don't like how you seem to roll. |
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