Its not an additional distribution. Original stakeholder just get a token on the AE (if they want to) which represents their NEM stake. So they can already trade their NEM, although they have no real NEM yet. DEV-team earns nothing with this. my fault - I did not understand enough Why do you put so much effort into a post, but at the same time, fail to research any of the "facts"? By simply reading the info that has been provided, you would find your post makes MANY assumptions that are false. I would usually go into explaining which parts of a post are incorrect, however in this case i can just sum it up by saying your post is largely untrue.
Just thought it would be good to let you know this. Take another closer look, I think you will find the true facts surrounding NEM are very positive.
You stated above that you, "started to read posts". Again, my advice is continue reading them and get back to us and let us know what you think at that point. I find it difficult to really follow this chaos - several threads, updates in the middle of 400 pages thread, homepage empty with links to BCT thread again... Someone said 35 people working on this? Who is responsible for marketing/informational side? Wow that would be a large amount 10%. That is not better distribution than Nxt....... That makes no sence you collected Nxt from us, all NEM should be devided equally to all shareholders. How can we be not sure you playing pump and dump in the beginning with the 400 mio. I thought as well the point of Nem is additionally 'fair distribution'. agree - why to take additional 10% of NEMs if you already collected 1 mil NXT? Maybe you should refund NXT/BTC after launch and divide this 10% into developers? Also who will answer the question - what is the real progress? 35 devs - give us an answer please. Or maybe you just wait for NXT success and all bugs fixed to copy it? -- supporter It has been said before. No one needs to be involved. Refund are readily available for current stakeholders. So in what perspective are you complaining when you do nothing ? Why should i not be surprised? Is it not allowed to be surprised? When i bought the stake, the info was 4000 stakeholder 4 billion Nem. I thought if there is less than 4000 stakeholder it will be equally devided. I thought this is a really great way to do it. So in what perspective are you complaining when you do nothing ? It is just fair to know that 400 mio going to the devs...... I was one of many that was disappointed about Nxt distribution. The math still doesnt work, will you proof of burn the rest? Its the same with darkcoin if you ask about the instamine at the first day people gonna hate you 4 ever. Since you are an stakeholder, I would like to request you to ask for a refund if you feel so "surprised" and "unfair" about the distribution scheme. No one needs to be involved if he does not want to. I was interested in Nem since you propose it at the nextcoin.org forum, so why should i change my mind now? Kind of feel sad that people want to talk people into giving up there shares... Man that was my first post here, it's like a hive of bees... Did you read the disclaimers ? maybe it is time to read it 4 months afterward. I am pretty transparent about the plan forward. You can question if you want but don't assume information that is never there in the beginning. |
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Please go the the main thread for the Development contract (preliminary draft) in one minute.
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Cross post to the asset exchange thread and I am truly sorry.
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Dear NEM stakeholder community,
I apologize for making some of you disappointed but I decide to hold off the asset exchange listing for at least a couple of days until more information about NEM and its governance structure could be provided.
The reason for that is because I realized involving new investors is a qualitative change in NEM organizational structure and that needs to be handed with more transparency and disclosure. So far NEM has been conceptualized as a voluntary association in which stakeholders are participants and contributors to the formation of a new decentralized movement. In that conceptualization, I am comfortable in handling participant complaints with a simple refund suggestion. In that conceptualization, no one loses when he doesn't like what the development team is doing and can voluntarily withdraw. We as a team could also have the right to refuse certain participants who are deem not beneficial (sockpuppets for example). This phase has been dubbed "a call for participation" (it is not an IPO sorry) for these rationales.
This phase was over when the final stakeholder was published. No more stakeholders will be added. Now we are going to transition to a new phase in which investors can come in via sales from the current stakeholders and public auction. I think they deserve to know more what future governance of the system will look like. So before investors are welcomed in, I would like to publish at least a preliminary draft of the Development Contract to the agreement of all current stakeholders. So the time during the asset exchange listing postponement will be used for that process. The process will include: the development team publishing a preliminary draft of the Development Contract; current stakeholders commenting and criticizing the Development Contract; majority of current stakeholders agreeing on the Development Contract and the rest requesting a refund and leave.
While I believe at this point the shares of the current stakeholders are theirs to control and technically asset listing is for the current stakeholder selling a part of his shares. However, we as a team cannot afford officiating the sale without performing our obligation in a full disclosure of what we plan to do with the development shares and development reserves. Hence, the postponement of the listing. I have been preparing materials for the Development Contract for a while and will be able to publish a preliminary draft very soon.
UtopianFuture
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Dear NEM stakeholder community,
I apologize for making some of you disappointed but I decide to hold off the asset exchange listing for at least a couple of days until more information about NEM and its governance structure could be provided.
The reason for that is because I realized involving new investors is a qualitative change in NEM organizational structure and that needs to be handed with more transparency and disclosure. So far NEM has been conceptualized as a voluntary association in which stakeholders are participants and contributors to the formation of a new decentralized movement. In that conceptualization, I am comfortable in handling participant complaints with a simple refund suggestion. In that conceptualization, no one loses when he doesn't like what the development team is doing and can voluntarily withdraw. We as a team could also have the right to refuse certain participants who are deem not beneficial (sockpuppets for example). This phase has been dubbed "a call for participation" (it is not an IPO sorry) for these rationales.
This phase was over when the final stakeholder was published. No more stakeholders will be added. Now we are going to transition to a new phase in which investors can come in via sales from the current stakeholders and public auction. I think they deserve to know more what future governance of the system will look like. So before investors are welcomed in, I would like to publish at least a preliminary draft of the Development Contract to the agreement of all current stakeholders. So the time during the asset exchange listing postponement will be used for that process. The process will include: the development team publishing a preliminary draft of the Development Contract; current stakeholders commenting and criticizing the Development Contract; majority of current stakeholders agreeing on the Development Contract and the rest requesting a refund and leave.
While I believe at this point the shares of the current stakeholders are theirs to control and technically asset listing is for the current stakeholder selling a part of his shares. However, we as a team cannot afford officiating the sale without performing our obligation in a full disclosure of what we plan to do with the development shares and development reserves. Hence, the postponement of the listing. I have been preparing materials for the Development Contract for a while and will be able to publish a preliminary draft very soon.
UtopianFuture
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Its not an additional distribution. Original stakeholder just get a token on the AE (if they want to) which represents their NEM stake. So they can already trade their NEM, although they have no real NEM yet. DEV-team earns nothing with this. my fault - I did not understand enough Why do you put so much effort into a post, but at the same time, fail to research any of the "facts"? By simply reading the info that has been provided, you would find your post makes MANY assumptions that are false. I would usually go into explaining which parts of a post are incorrect, however in this case i can just sum it up by saying your post is largely untrue.
Just thought it would be good to let you know this. Take another closer look, I think you will find the true facts surrounding NEM are very positive.
You stated above that you, "started to read posts". Again, my advice is continue reading them and get back to us and let us know what you think at that point. I find it difficult to really follow this chaos - several threads, updates in the middle of 400 pages thread, homepage empty with links to BCT thread again... Someone said 35 people working on this? Who is responsible for marketing/informational side? Wow that would be a large amount 10%. That is not better distribution than Nxt....... That makes no sence you collected Nxt from us, all NEM should be devided equally to all shareholders. How can we be not sure you playing pump and dump in the beginning with the 400 mio. I thought as well the point of Nem is additionally 'fair distribution'. agree - why to take additional 10% of NEMs if you already collected 1 mil NXT? Maybe you should refund NXT/BTC after launch and divide this 10% into developers? Also who will answer the question - what is the real progress? 35 devs - give us an answer please. Or maybe you just wait for NXT success and all bugs fixed to copy it? -- supporter It has been said before. No one needs to be involved. Refund are readily available for current stakeholders. So in what perspective are you complaining when you do nothing ? |
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2. You stated that you as developers will get 10 % of NEMs. 400 million NEMs Wow that would be a large amount 10%. That is not better distribution than Nxt....... That makes no sence you collected Nxt from us, all NEM should be devided equally to all shareholders. How can we be not sure you playing pump and dump in the beginning with the 400 mio. I thought as well the point of Nem is additionally 'fair distribution'. The point of NEM is blockchain innovation and an incentive compatible system. "Fair" means people who work hardest and contribute the most should get the biggest share. NOW it is laughable that you compare a distribution in which 40% of the supply going to a random 8 people and one in which 6-8 developers who do almost everything share 15% of the shares. Since you are an stakeholder, I would like to request you to ask for a refund if you feel so "surprised" and "unfair" about the distribution scheme. No one needs to be involved if he does not want to. |
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Hi everyone, as planned we will be issuing 1000 tokens in Nxt asset exchange. The tokens have been created as follow: ASSET NAME : NEMstake ACCOUNT : NXT-J62B-CNAR-34YW-4RCFN ASSET ID : 12465186738101000735 ISSUING TIME: 5/25/2014 12.00 GMT or 7.00 A.M EST I would write a NEM buying guide and put it in the front page and our website so that newcomers now have the opportunity to buy some NEM pre-launch. Another option for newcomers if you don't want to bother with Nxt asset exchange is to wait for our NEM public auction that will be held in the Bitcoin blockchain later on. Please restrict the discussion of NEMtoken price to the asset exchange thread here https://bitcointalk.org/index.php?topic=616467.0 since we will try to keep this thread focused on NEM updates and feature discussion. |
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Will you announce the exact listing time beforehand?
Yes, I have pre-created the tokens and will be sending out them at 0.00 GMT today (in about 3hours +) Disambiguate, please, since there may be other (fraudulent) assets with the same name. What is the asset identifier or the id of the issuing account? ASSET NAME : NEMstake ACCOUNT : NXT-J62B-CNAR-34YW-4RCFN ASSET ID : 12465186738101000735 ISSUING TIME: 5/25/2014 12.00 GMT or 7.00 A.M EST It is in the front page. I will put it in our discussion thread + website as well. |
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Will you announce the exact listing time beforehand?
Yes, I have pre-created the tokens and will be sending out them at 0.00 GMT today (in about 3hours + or not) - Issuing time is delayed to 12 GMT tomorrow so I can write "How to buy" guide and put it ournem website first. |
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How many NEM should be create and how many NEM in a stake ?
1 stake = 1 million NEM and the smallest trading unit is 1/10 stake = 100.000 NEM. |
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Hi everyone. Thank you for your support. I am checking everything and choosing a good time for listing. It will be in a few hours. Please check your acc number to see if there is any mistake.
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Look at DarkCoin? O_O
Can we made too anonymous transactions in Nem and anonymous blockchain how made in DarkCoin?
Not in alpha or in the official launch. We will see how DarkCoin does in a longer time frame and learn from the experience. I remember a while ago everyone was crazy about Aurora coin and numerous suggestions have been made about giving NEM free for a certain country/ city. Look at where the Aurora coin is now ? I am not saying Darkcoin will be a second Aurora but we can't not say Darkcoin will not be a fad, neither. So we will see how it goes later on. But imho, it is relatively easier for NEM to take in new tech and features than for other coins to take in NEM's features. @xtester thanks for the write-up. Would take me sometimes to digest everything and respond  |
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100 reached!  if there is enough demand.. say another 100.. will you list more? YES until 1000 token is exhausted.Until that point, token will be sent on demand of the current stakeholders. Note: everyone please checks your receiving address in the final stakeholder list as I am going to issue NEM token soon. |
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I was under the impression that members coded more than 2 hours a day but that was my mistake i just checked the NEM Development plan. I don't find that impossible with a full time job and i was under the impression that it was necessary to do so with your ETA claims. Its just hard for me to compute that a project with huge ambitions is matched with 2 hours a day of work per dev. I am also just getting frustrated with the alpha launch and i am just trying to point the finger at somebody.  I've agreed with many things you've said on this forum, but you really got on my nerves, I'm sitting more than 30 hrs a week (and I have a job besides that as other devs), so please, just shut up now. not to mention the time at my ACTUAL job that I spend thinking ON NEM, and what we need+should doOh P.S. I actually was considering quitting job, and one of the devs probably too, but I simply can't afford it. Well since you BROUGHT it up again(telling someone to shut up is like putting kerosene in fire) Yeah if you read it was a misinterpretation, I thought 2 hours a day was too low but his meaning of a couple was different to mine. I never said that anyone should quit their job. If your working 30 hours a week that's approx 4.2 hours a day 7 days a week which is obviously more than 2 hours a day. If you didn't want anyone talking shit then you should have stayed quite, develop the currency then distribute and release it. This IPO stuff just makes people fucking anxious. |
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Who said 2 hours ? I said a couple of hours. That can range from 2 to about 4 or 5 (i guess everyone has their own limits for "a couple").
It's also not like all the devs come together then code for a couple of hours and then nothing happens for a day. Spread over multiple timezones there is probably always somebody working on NEM so if you see it that way the devs are working 24/7.
Imho it's nobodys businees if the devs work 1 minute or 10 hours a day as long as they deliver.
Yes as long as they deliver, but if they don't deliver on time, questions like work hours and doubt will become more and more frequent. These things will pop up whether you like them or not, an open and public forum does not care what your moral compass is. This is going to turn into more pages of useless dribble lol so i better stop here, cheers. Anticipate the restlessness and impatience of some stakeholders, refund thread has been opened and and request to list the stake in an exchange has been answered. So now it is everybody's choice to contribute something, show encouragement, stay out or sell your stake. But since it has been said before it is not an investment so I think it is unreasonable for you to complain about other's commitments while there is no promise made to you. Calling for participation, remember ? |
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It has been changed: www.ournem.com; I dropped charity for friendship (is comradeship better) because I think the latter is better for our goal. Charity is very good and we will do a bunch of them but it could be at more individual level imo. A new economy based on the principles of financial freedom, decentralization, equality and friendship. The world we live in could be made better. We could make trade and finance fairer when we use a decentralized currency and reduce the influence of the established capital. We could prevent the corruption of centralized power when we embrace grassroots movement and decentralization. We could support the the principle of equality to give all people a fair chance in life. We could transform the boss-employee hierarchical relationship in most conventional working environments to one where people are partners and friends and making decisions in a democratic fashion. NEM community advances its ideas and projects via Nemcoin premier decentralized technological platform. /clap  !!! But...what is the difference to nxt?;-) I hope the difference will be in the things we do, not words |
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It has been changed: www.ournem.com; I dropped charity for friendship (is comradeship better) because I think the latter is better for our goal. Charity is very good and we will do a bunch of them but it could be at more individual level imo. A new economy based on the principles of financial freedom, decentralization, equality and friendship. The world we live in could be made better. We could make trade and finance fairer when we use a decentralized currency and reduce the influence of the established capital. We could prevent the corruption of centralized power when we embrace grassroots movement and decentralization. We could support the the principle of equality to give all people a fair chance in life. We could transform the boss-employee hierarchical relationship in most conventional working environments to one where people are partners and friends and making decisions in a democratic fashion. NEM community advances its ideas and projects via Nemcoin premier decentralized technological platform. |
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Gustuv.
Pay out of nem coins, the real ones, will be automated. You will just have to send your tokens to a nxt address along with a nem account number in a message attached and your real coins will be sent to you. If you have .1 tokens you will get .1 of a nem stake in real coins. .1 is a tenth of a stake so 156k coins.
That's incorrect. 1 Nemstake = 1 million NEM. 1/10 stake (100.000 NEM) is the smallest unit you can trade in asset exchange. oh sorry. i thought it was 1.56.. was sure i read it somehwere.. anyway thats ok.. makes allot more sence now being 1 stake = 1 token thus being able to trade 100 coins at once. much simpler, thanks why will we get ours 2 weeks after launch?  I'm guessing we'll distribute the "regular" stakes first and that will take quite a bit of time. But pay outs of nem tokens will be automated. Ao send total nem needed to where ever it needs to be to fund token withdrawls and let it run while distributing normal stake holders. It would actually be more efficient if everyone used the tokens. Whyleave token holders til the end if all ya gota do is send one bulk transaction to fund auto withdrawls? If people know the token stakes are guna be sent automatically, and do that first. More people will do that just to get their stake before those with regular stakes. Thus less normal stakes to distribute so it woulbe faster for ose who really dont want to use nem. @soadan. In that case i stand by my previous post a page or 2 back about 1 stake one asset. Its retarded. What if near the end or half way or after alpha stakes are 5btc, thats a minimum buy in limit of .5 btc... TOTALLY DEFEATS THE PURPOSE! it prevents the people with below the amount required to buy .1 of a stake to buy in.. many many people wont be able to buy in with that sort of money! Gimre, our chief scientist said 1 token divided by 10 should be maximum. The logistics could be a nightmare otherwise. Since you don't code, stop talking like you know about automaton. |
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