who runs the nem twitter page?
2 people that were handed it last week after the last guy stoped. I've brought the inactivity up already I hope it'll be active again soon. |
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I'm more inclined to lean towards no multipool i'm afraid. I'm also not fond of the idea of pushing nem as an "Eco friendly" coin.
Although it is greener, i don't think that should be the primary focus point in advertising - the green argument is a tired, cliched one, and if anything, environmentalists and other such movements have more of a stigma than anything else, which, for the most part, is largely justified.
yes you have a good point there.. but if you dont think the whole green marketing thing should be a big thing then i dont see the issue in running a multipool.. the only argument against it iv seen is that it would make nem non-green.. or is there another reason you are against it..? I've a very vague understanding of multipool, but my preference is it's probably best we don't tamper with something we've not even got out the door yet. This is just my stance - yet i'm open minded enough to reconsider my stance the more I understand how multipool works. ok you have conventional mining of proof of work coins to generate coins from blocks which uses allot of energy but energy usage varies from coin to coin.. bitcoins uses an astonishing amount of power and really it does nothing usefull other then mining coins by doing pointless math problems.. pos doesnt mine as such... every transaction pays a small fee.. all transactions with in a certain amount of time get collected in a block which a forger the confirms the transactions same as pow but they get the transaction fees instead of creating new coins. and because you dont have to do pointless math problems its far greener and any one can forge on any computer and their wont be hashing power wars like their are in pow... what a multipool does is mine pow coins the same as it you were mining it directly but when they mine they collect up all the coins that they have mined(normally the most profitable) and then sell those coins on an exchange and then buy the proof of stake coin which they are realy "mining" for.. in our case nem.. so basically its just mining other coins, selling them and buying the pos coin(nem) but in our case nem isnt launched.. so what im suggesting is to run the pool mining other coins and selling for btc.. but nem is launched.. so stock pile the btc earned and keep track of how much btc each person has mined and come launch we will have a huge amount of btc buying power to drop a mega amount of buying power on nem. what i suspect will happen is the pool will get allot of notice from people and articles written because we launched a pool so early before coins launch thus bring in more people to nem. everyone who follows this sort of thing will know we are guna have mega buying power so they will want to buy in before the pool buys all its coins and sends the price through the roof! You make a compelling argument. As far as i understand, multipools make up the majority of hashing power across PoW. From my experience, it was the multipools that in often cases caused sudden difficulty/hashing rate spikes in new coins once the multipools adopted them. As far as I could see, multipools were both PoW's strength, but more a weakness. A PoS coin like NEM could take advantage of them, at a lesser risk. I see what you're saying now, and honestly, i understand where you're coming from. It does sound like a decent idea to me; I would like to know what UP thinks of this along with the rest of the devs. What i do want to ask (To anyone who has an answer); has this been done before? If so, what (PoS) coin, and what was the outcome? If it hasn't been done before, this might be a very good idea indeed. Yeah, i admit during the brief period i was focused on PoW related coins, the idea of multipools was an ominous one, especially in light of the 51% attacks and such. It has been done before. I think NXT has a multipool allthough I'm not sure it's already operational. AFAIK UP came up with the idea initially so he should be on board. No idea what the rest of the devs think. |
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i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
I like this idea as well, it will allow another option for people to acquire NEM besides just buying it in open market... BUt you really need competent guys to be running this who have similar NEM interests aligned. Look at the blackcoinpool, they are doing all sorts of things to attract miners, giveaways etc ... I don't mind the 10% for the devs, but it would be comforting if there was some sort of gradual lockup period for the first 6 months or so to give outside investors confidence they wont be dumped on, a stigma which NXT has im a bit behind but here goes.. using a multipool doesnt make nem stop being green.. nem still is.. the multipool would just do the same things as other coins (mine them) but it will do it faster and kill them off before all coins are mined which is actually beneficial.. why let all the other mulitipools suck all the wealth out of the other coins when we can take a nice big slice too? build up a nice large savings of btc to add big big buying presure after launch! its all good good good! theres allot of people in the community that agree too... and allot of miners would get in on this to get cheap coins.. throw in a bonus stake or 2 on top of the earnings to give extra profitablity and youl get mega miners coming.. the miners would actually get the cheapest coins(bar registration people) imagine the amount of nem that will get bought up if we got people mining and stock pilling btc for months to buy nem at launch!  and loads of people will know about this and try and jump and get cheap coins before the pool buys in and raises the prices and others will try nd get infront of those people and the price will just explode!!!!! +1 if you agree with people! Actually ,I was thinking along the same lines as this too. We want NEM to be green always but overall change in types of cryptocurrencies will be gradual probably. We need to dictate the pace and not hope !!!! Enforce our views from a position of strength!!!! Pow will implode eventually, we would just be helping it along the way. I do agree with Pat though. It should never be endorsed by NEM. Some of the Guys should just get together and do it on the quiet. as long as the goal is achieved.Also if people are swayed to join NEM sooner because of its success then it will break the pow crypto backs. you gotta be cruel to be kind in the right manner. It's not like we can prevent anyone from putting this up anyway. Some wan't to support it some don't. I guess we'll see what happens  I don't like the "they'll mine anyway" argument because it's just not valid imho. Not only will a multipool give people incentive to start mining even if they we're not before but it will also further support the imho outdated PoW paradigm. If all people jumped on the green wagon and all pools would close doors then the world would be a better place imho. Instead we're putting up a new one to get a slice of the cake ? It just sounds wrong to me. Maybe we can get something going that will at least not waste the energy ? We could only support coins where the mining process is not worthless e.g. Primecoin and Gridcoin. Searching for prime numbers and supporting projects that try to cure cancer, aids and what not sounds a lot better to me than calculating otherwise worthless hashes That's also something that could set our multippol apart from the others. |
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"Encouraging" multiple buy-ins? No, UtopianFuture wasn't doing that. But allowing two, especially for a loved-one account? -- then yes. This account has been on all the confirmed lists in the past from the beginning up to the one prior to this final one. I only reserved two -- one on CycleSurfer for me and one CycleSurfer360 that represents a loved-one account. But no one can prove I am telling the truth just as no one can prove the likely probability that all humans on pages 1-80 have more than two accounts. My complaint is getting dinged for being open and honest about the process while others are sitting happy with more than two accounts and NEM stakes. More importantly, both accounts were on the first 20 pages of the original thread during the Klone NXT movement with posts on Reddit to show for it -- this is when (I believe) UtopianFuture was not worried about multiple accounts but wanted interest. I hope UtopianFuture considers this. EDIT: Here is the link to the document showing both accounts on thread pages 1-9. NEM ongoing stakeholder list at end of page 85 https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdDZ0amZpM00wQXhrR2lJM3pCOGRhNFE#gid=0; huge file 1379 stakeholders at the end of page 85. Please wait until UP answers. Maybe this was just a missunderstanding. |
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I have 2 news for u - a good and a bad one. I was googling for Nxt and...
Good - I found references to NEM among the links.
Bad - They say that NEM is based on Nxt codebase.
If u have marketing team u should spread the word that NEM is not based on Nxt code, or u'll have a lot of PR problems in the future...
NEM does not have any marketing (yet). Everything now is about writing codes, defining technological roadmap etc. There has been talk before about SEO. Or someone who knows what they are doing. This is a perfect example. Negative or incorrect things are getting indexed by search engines. If there is no "correct" or "positive" things getting indexed, then we will have a challenge as to controlling what info is being spread about NEM outside a few forums. Takes time to do so we have to start now. Yes, I am generalizing a bit, but this is basically how it works. If there is confidence that the coding is to be successful, let's get the show on the road. Pat, I respect your insights and your hard work. You are always here and I have noticed. Do you ever sleep? Anyway, I have to disagree with this notion that we dont want to do marketing and attract people before code is done. I know some people came and were disappointed, but they will return. Also, there are many that stayed. Thanks for your kind words I didn't mean to wait for launch or code completion. Imho we should wait until logo and branding is done and applied to all channels. If I were to notice this brand new crypto NEM that everyone is talking about and then check their website, twitter and forum and all of them look different and even have different logos then I would have the feeling there are a bunch of uncoordinated amateurs behind it. The only thing I want to avoid is premature marketing. Early marketing is absolutely fine and even desireable. |
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could somebody please explain how do you earn additional coins? how does this foraging process work? what should I do to get % from the fees?
Foraging works just like forging in NXT only nodes are picked via a different algorithm. NXT uses POS to select the next forger where as NEM uses POI (details to follow in the whitepaper). To be part of that "game" you need to run a node which basically means you'll have to leave the client (a client that includes the server) open 24/7 on your computer. |
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bigger font Its so awesome to see this project evolve.
Just a quick shout out for everybody on the stakeholders list to get a strong password for your BTT account!
What is strong? Are 15 random alpha-num characters enough? How many characters do you recommend? Mine is 65 ;DI think in some nxt tutorial they reccommend 50+ You can't compare NXT to BTT. You'd have to brute BTT over the internet which would take forever with the 45 sec limit. However if BTT get's hacked and they are bruting locally then the 50+ will help you but I hope that people would be informed and required to reset their pwd rather quickly. |
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...
No, it's even worse (for you), we don't give a shit what you are yelling.
Plz just stop feeding trolls. |
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My account was on the on the original stakeholders list from the beginning -- before page 80 on the original thread. This is an account for a loved-one per UtopianFuture's own rules. My active account is CycleSurfer while this account is CycleSurfer360. Was there a mix-up and an accidental deletion? At the time, there were no issues with getting a second account for those before page 80. DaFrockBro's post below summarizes what I mean. If I knew there was controversy with similar account names, I would have easily changed names. I was being open and honest about this process to match UtopianFuture openness about starting NEM. Everthing is within your rights its your coin. However I know what you told about multiple stack holder at the beginning and I am sure not the only one that remembers.
I have a short memory. Please remind me what EXACTLY that I said or more accurately what I wrote. My history of posts are available for your checking. Thanks.1.) Are you going to PM the account passwords to all initial stakeholders? I think it'd be a good idea to compile a list (google docs) of everybody who is interested and paid the fee.
2.) How are you going to prevent multiple buyins?
3.) Make the color of the NEM logo silver/grey to emphasize the silver to gold idea.
1. I have worked out a plan. It should work well. List of stakeholders are coming soon. 2. I won't prevent multiple buy-in. It is impossible to prevent people making two- three accounts and register for them. But it won't matter much as our user bases would
be huge. Furthermore, it takes time to make multiple accounts. It takes time to manage multiple accounts. Later on you would need to provide me passwords on these
accounts. That's a lot of work already and if someone can go through all of that they have shown a lot of interest in NEM and probably deserve their stakes. And at this point,
more accounts means more development fund to NEM. So I don't see the need to prevent multiple buy-in. It is very different from someone putting 10.000 NXT in and buy 10%
stake of NEM. I very much doubt anyone can have more than 5-6 buy-ins. I hope this explanation clears the worry about double buy-in.3. in progress. Also let's hear other opinions from the community.
It is on page 76 now so we better be quick. My proposition : - Keep fee as is, or add a fixed amount for every x pages to ensure growth of project
but - Add rule that promotion elsewhere (FB, Twiter, G+) must be made by an account that has been registered & active since Jan 01 at least
Fee should not change in a radical way, people will be upset but promoting with original (and older than the project) social media accounts can hinder sockpuppets I believe, you have to allow new account to ask for a spot, new user is good! but what we need to do is make it harder for sockpuppet to get more share. That will increase fairness, it is impossible to be 100% fair anyway. We should welcome new users. Just try to figure out how to reduce sochpuppet accounts. I think we should implement sending address check. Do we still want memes ? any suggestions for "promote NEM" condition changes ? I think we still need some promotional efforts, most people sent in money. At the least, for now, if you do not want to affect the job you have already done in the past and do want not frustrate people that already paid. Maybe imposing promotion only for new accounts would reduce the futur non desirable account. For now it would be a good way to promote NEM. I believe. Acting reoactively might be difficult to administrate. "How to join after page 80. Two ways 1. Pay a fee to join in Send 300 NXT to the address 14343293611098709683 Send 0.03 BTC to the address 1Lk5Paws9T1YpoSeLeZT7ZeSQKW7UNq4TJ Counter sockpuppet measure: Sending address could be checked and if there were already two payments made to NEM's addresses before, then the third payment would be considered a donation. This measure comes into effect at page 81 and does not apply retroactively. So DO NOT SEND the fee to NEM from an exchange, you would need to withdraw to your account first. Thanks for your understanding. " January 29 Quote from Utopian future establishing the cutoff for address checking as page 80:https://bitcointalk.org/index.php?topic=422129.msg4809186#msg4809186Thanks for all who support NEM. This post is page 80 cut-off. Please check the front page because a counter- sockpuppet measure has been introduced. " Counter sockpuppet measure: Sending address could be checked and if there were already two payments made to NEM's addresses before, then the third payment would be considered donation. This measure comes into effect at page 81 and does not apply retroactively. So DO NOT SEND the fee to NEM from an exchange, you would need to withdraw to your account first. Thanks for your understanding. " In addition, meme promotion for stake spot is temporarily stopped. But remember that NEM still love memes. @UP: you wanna take this ? Seems like you put him on the refundlist. |
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How does PoI work?
That is NEM's secret sauce, I guess we have to wait for the whitepaper. Whitepaper is being worked on. We'll probably adjust the algorithm based on tests in the alpha, so the paper will not be out before the alpha, but we are talking about releasing the whitepaper before launch. Nothing is set in stone, though. When will the Alpha be released? There's no exact date allthough the target was to start it by the end of this month. The alpha probably going to start small (i.e. non public) and then get bigger and bigger as we go. |
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hi, i already have a stake. but i wonder if setting up a node will give me a few more coins? i am really interspersed to know that. also what kind of services can i offer for a return in nems?
Setting up a node CAN give you more coins by foraging. I don't understand your second question. Do you mean what kind of businesses you could run to accept NEM or what services you have to run to collect a bounty ? |
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i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
I've said it before and I'll say it again. I'm not feeling the multipool idea. Yeah it stabilizes the price but it also throws the "green" out the window. |
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Initially, was advertised the fair distribution of NEM, and now yet only 75% are distributed to stakeholders!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
max 10% for devs remain min 15% for future dev of the ecosystem, bounties, charity, whatnot What do you mean forking ? Here is something to think about for everyone. FAIR is not the same as EQUAL If someone puts in 100% more work than someone else then it is fair for that person to get 100% more out of it don't you think ? Do you think it would be more fair if a dev that devotes many hours each week into developing the software get's an equal amount of NEM as someone thats has merely paid a small fee to join NEM ? That would not be fair that would just mean they get an equal amount. Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders than he's generous not fair. It would have been very fair of him to take more. Please keep this in mind guys when discussing "fairness" in the future. i have never denied that the devs have their 10% do not deserve, I agree even! But you should have said it from the beginning! sorry, I meant FORGING! If the 25% or 15% until they were properly distributed, used for forging? That would not be fair to the stakeholders My statement was directed at everyone. I think if UP had known the exact amount he would have stated it ouright. I don't think there was a plan on how much dev stakes would be allocated until recently. I don't think they'll be used for foraging as the will probably be in some cold wallet. |
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Short question: Will there be any chance that users who have introduced themselves in this thread get a stake? I missed the IPO so I wrote in that registration topic. Will these user considered some time or is it over? regards The waitinglist will be considered. I think there are about 120 stakes destined for people on the waiting list. How exactly those people will be chosen is afaik not sure yet. |
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Initially, was advertised the fair distribution of NEM, and now yet only 75% are distributed to stakeholders!
@ Utopianfuture
The remaining 25% be used in the meantime to forking?
That would be very unfair!
max 10% for devs remain min 15% for future dev of the ecosystem, bounties, charity, whatnot What do you mean forking ? Here is something to think about for everyone. FAIR is not the same as EQUAL If someone puts in 100% more work than someone else then it is fair for that person to get 100% more out of it don't you think ? Do you think it would be more fair if a dev that devotes many hours each week into developing the software get's an equal amount of NEM as someone thats has merely paid a small fee to join NEM ? That would not be fair that would just mean they get an equal amount. Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders than he's generous not fair. It would have been very fair of him to take more. Please keep this in mind guys when discussing "fairness" in the future. |
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No one is forcing you to invest in NEM, if you trust the dev's and trust what you hear so far about NEM then take a chance and invest in NEM. If you don't trust the dev's or what you hear about NEM then don't invest, it's that simple. Unless you have some proof otherwise stop with the scam and how unfair it is talk.
THIS ! |
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I encourage everyone that is unhappy with the stake distribution to wait for the dev contract announcement. I understand it will state exactly what people do to get dev stakes (dunno if the exact distribution will be on there as well) If you're still unhappy request a refund. Please stop with these witch hunts because someone pointed out unverified numbers. All it does is hurt NEM. Maybe even wait until one of the devs confirms the numbers before raging out |
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PLEASE let me and the rest of us that are on the waiting list AND willing to PROVE our identity in PLEASE!! That would only be adding 250,000,000 for a total of 4.25 billion NEM.
You will know we are not sockpuppets and a lot of us promised to be active.
This wouldn't be the end of the world for value, and you would make all of us very happy!!
It will help NEM because we WOULD ACTUALLY PARTICIPATE more than some of the others because most of us are people who have skills that would help NEM if you read what was said on the list.
Only those who will PROVE our identity.
UP please consider this, there will definitely be less than 250 that will be willing to prove who they are.
If it wasn't for the auction idea I would have made it in.
But I have to admit the auction idea IS a great idea!!
I just dont have enough BTC
Also I have been VERY active promoting NEM on the forum
There are other stakes also destined to go to the waitinglist. The auction idea has not rendered the waitlinglist useless |
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you know before the auction. do you think it would be a good idea to release some snippets of code.. to instill some confidence in the buyers! i think you will get far more interest if you do!
also i dont think anyone has of yet called nem a scam? would i be right in saying that... if so that is an achievement in itself! :L
+1! A very good idea as it will surely increase bidders confidence and price I love the way things are progressing here - NEM has the potential to go mainstream! Thats a good point to think about it! I share your view - this could increase confidence. On the other side NEM has already its reputation so nobody would say anymore NEM is a kind of SCAM or something else in this direction. Someone implied it's a scam like 10 posts back. |
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