So wait, these stakes are selling at about 0.00000390 BTC per NEM with a 4 Billion coin supply and it hasn't even been released yet? I am fairly new to the crypto world but I do not see how there will be any ROI... Or am I doing my math wrong?
What ROI do you want? NEM has a very good chance of hitting 50-100m within months, so that's an easy 10K / 20K per stake. Then there's always holding until the coin goes to the moon. Crypto currencies will probably hit $1 Trillion in a decade. |
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Interesting Come-from-Above frequently accuses people of having sock puppet accounts when he seems to have a few of his own: https://bitcointalk.org/index.php?topic=661438.0The hypocrisy is one thing, but i'd also like to see if Come-from-Above can take it as well as he dishes it out. BCfrictionless is CFA. They're both name impersonations of frictionless coin and call from beyond, both reputable developers. BCfrictionless (if you read his deleted messages on LK) and CFA troll hard. It's some weirdo who goes around impersonating developers and then trolls. |
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CFA is back delivering fud, he'll try to drop the stake down to 17 so he can buy cheap.
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Securities are a serious thing. Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.
The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.
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I don't buy from anonymous developers who name themselves after a coin. So Kora is out for me.
As well many coins have copied NEM's distribution model and failed to drum up interest. NEM isn't some Communist or freebie coin. NEM is an initiation to a new economic movement.
No need to buy Kora! Are you spreading FUD? You have given me little choice but to post in the NEM thread to counter your 'error'. NEM followers can get the facts on Kora here - https://bitcointalk.org/index.php?topic=620518.0Kora stakes are 100% free! Kora will be 100% funded using developer stakes, plus some personal funding out of my own pocket! Kora is IPO free! We will receive ZERO funds from our stakeholders! Kora distribution webapp has been planned & designed over the last month, and opens in a few hours! We used NEM as a guide - NEM had some good points, and some bad points - we have improved on NEM distribution method IMO. - distribution is free - sockpuppets are banned, no confusion! - account activity test - email verification - a few extras steps yet to be revealed NEM supporters will like Kora! No FUD. I'll participate when I can get my papers. |
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1 day before alpha, and NEM is already #11 in marketcap!  #10 or 11 on coinmarketcap. Almost past Blackcoin. |
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It's because you need money to make more money. When you have more money, you can also have your money working for you (i.e. investments).
When you are living paycheck to paycheck, you basically feel like you are working your tail off, just to keep your head barely above water.
This argument could be true if you're working at Walmart and have three kids to feed, but for most people it isn't. Wealthier people are not wealthy just because they have money but many have traits conductive to being wealthy, such as patience. Quite a considerable portion of the world's billionaires owe their wealth due to being buy and hold investors, yes even when they were middle class or poor. Just think of all the BTC guys who panic sold after making $10K, $100K or $1 million. |
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Wow - Tom Leykis had a few Bitcoin calls today. I wonder if it was my post?  |
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Reminds me of that joke "I like women ~ I think everyone should own one."  |
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Can't afford tesla. Only place near me taking BTC are tattoo parlours and cannabis shops.
Still very early in cryptos.. only $10 billion versus dot.com which was $7 trillion years ago. LTC or any alt could replace BTC with ease.
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I don't buy from anonymous developers who name themselves after a coin. So Kora is out for me.
As well many coins have copied NEM's distribution model and failed to drum up interest. NEM isn't some Communist or freebie coin. NEM is an initiation to a new economic movement.
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As for a distribution of 100 (typical alt is more like 20-50) vs distribution of 2000+. It doesn't scale to world population (dumb rhetoric) but it shows that anybody could had got in. The thing is if you have less than 50 they may as well be relatives / friends of the coin creator. When you have 2000+ almost all will be strangers with no connection to each other. That's just the point and why 2000 - 3000 is sufficient, anymore defeats the purpose
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No envy movement yet OP is envious because he missed an call for participation which included 2800 people.  |
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Sell walls looking very weak
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Tom Leykis on monday has a segment called "money mondays". IIRC, he's a fan of Roth IRA and he likes his EFTs at Vanguard Mutual. He doesn't like Bitcoin, though.  He always says go with a fee based financial advisor. The problem with a "free" financial advisor is they make money by referring you to buy their assets or they collect a kickback somehow, it's a conflict of interest. |
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$1 trillion Bitcoin capitalization = $50K Bitcoin.
That would make Karpeles #13 most wealthiest ($35 billion) in the world but in liquidity he would be wealthier than Carlos Slim, Bill Gates, et al. Have to realize the wealthiest people on that list are only asset rich. Remember that someone like Donald Trump almost declared personal bankruptcy several times as he didn't have any liquidity (despite billions in assets).
Bitcoin, being quasi-money, would be far more liquid and Karpeles would be immensely indescribably rich.
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A lot of hard work went into the alpha and it shows.  |
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Well the "slop" of waiting a day to download a blockchain is too much for most people, especially new users to Bitcoin. Have to realize that not everyone is a computer science major, a lot of this "technological hiccups" are barriers to Bitcoin adoption. If Bitcoin supposedly wants to tap into the $500 billion remittance market, you're going to have to dumb it down a lot (no offended intended  ) |
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It may also just be that crypto currencies are in a recession and the community could be cannibalizing itself, people taking their frustrations out on alternates, et al. Bitcoin hasn't gone anywhere in a very long time.
Since January all I have seen has been 'pump of the month' (some get rich off this but it largely results in many angry and bitter bagholders). NxT and LTC is the only exception as far as I can see.
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He's made troll threads about me and other coins, and then deleted my comments right away.
It's one thing to use the moderation option to eliminate actual trolls, it's another thing when a troll is actively using it themselves to silence everyone.
Report such abuse to the mods on bitcointalk....There are a few trolls that are contributing nothing in terms of helping in the alt coin section but to spread fear, uncertainty, and doubt. So far within the last week I have seen the following from trolls Coins that are dead/dying LTC NEM NXT Doge While you may not like some of these coins, this type of behavior shouldn't be tolerated by the community and the moderators of these forums should be known. I even went a step further and asked if sockpuppet accounts are allowed and the response was not only are they allowed, but encouraged by the admins here (which is fine for their reasoning, but with the recent trolling abuse it shouldnt be). I tried my best to research and see if this was originating from another website. It seems strange that people are going extremely hard on many alternates at the moment, especially LTC which orthodox Bitcointalk largely refrains talking about. LTC was pretty much the Great Uncle of the family, the old guy's been there for awhile and nobody talks bad about him (yet a lot of negative stuff come out of nowhere and I am struggling to understand why). There is allegation of Moscow hiring shills to spam discussion boards and news media outlets. It makes me wonder if some investment firm or something is purposely going around spreading FUD and hype to effect prices. |
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