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2521  Economy / Economics / Re: The American Dream on: June 02, 2014, 12:57:37 PM
Population is brainwash into thinking having a house is a must.

Having a house doesn't mean having a dream.

Ironically, this is probably written by someone who either owns or resides in a house in the given moment.   Roll Eyes

It's just like Al Gore who tells us to quit contributing to global warming, while he constantly flies first class / private jets and eats luxury food imported from all over the world and his mansions (which 9/10 go uninhabited as he can't be everywhere at once) are heated by natural gas.
2522  Alternate cryptocurrencies / Altcoin Discussion / Re: Aren't people bored of NEM yet? on: June 02, 2014, 12:24:29 PM
Shameless bashing of NEM for advertising Qora

I hold both

I hold neither Smiley

NEM is nothing but talk as has been stated. I might buy it when they release an alpha client and the NEM stake goes to 3000 NXT, that is, both of these events must happen before I buy it.

Qora? NXT can do what Qora can do and more. I registered a few aliases in Qora just for the fun of it when I tried it, but haven't bought in any qoras yet, someone sent me a hundred. Can you tell me why I should buy Qora instead of NXT?

A NEM stake wouldn't be 3000 NxT ($180) if there was an alpha client released, nowhere close.  I'm prepared to buy NEM (pre-alpha) if it drops to 9000 NxT ($500) as would others.


2523  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] NEMstake tokens are listed on Nxt asset exchange on: June 02, 2014, 12:16:25 PM
I wasn't familiar with any hype over the AE.  I think where the price speculation was for a released coin, not token trading.
2524  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] NEMstake tokens are listed on Nxt asset exchange on: June 02, 2014, 11:49:28 AM
Prices dropped to 17000 NXT from 40000 NXT per NEMstake. I guess, the sockpuppets are dumping as much as they can. The sockpuppet will kill the hype price of NEM.

Look at the AE now, seems to dumping has stopped.  Kiss
just some big stakeholders selling.

There are no big stakeholders - people were limited to 1 stake, occasionally some were allowed 2.  Unless this is a "sockpuppet boogeyman post".   The time it takes to create new accounts, change IPs and bypass taint analysis meant the sockpuppet thing is a non-issue (although there was one troll who claimed to be from Ukraine and had 50 stakes.    Grin  The troll couldn't even find Ukraine on the map before Euromaidan).

The reality is that a lot of people signed up for NEM stake, since it was cheap, but never knew what it was - so naturally they see an opportunity to exchange their stake (which they've held for almost half a year) for NxT and this explains the dumping at the moment.

Although we are referring to a very small demographic.  Only like 250 (out of 2800) stakeholders have requested tokens to trade on the AE, and some requested tokens with no intent to trade.
2525  Bitcoin / Bitcoin Discussion / Re: Stay at day job (work or school) if suddenly filthy rich from Bitcoin? on: June 02, 2014, 11:15:34 AM
Yesterday I saw someone crawling around with a cloth wiping a trash can.

And then there are people who risk their lives everyday like the Turkish miners.

Even if not all day jobs are as gross or dangerous, I don't understand why anyone would volunteer to be bossed around and told what to do just to make someone else richer if they knew it wasn't necessary.

Like that guy who won the lottery and was set for life but but went back to flipping burgers after a year because he was bored.

Or the people who work in cubicles.

But if stuff like that gives someone's life purpose and meaning and their lives would be unbearably bored without it then there's nothing wrong with that I guess.

But I think it would be better to find things that you would be interested in. Why not learn code and contribute to open source projects? Pick up a musical instrument? Learn a language? Write a book? Paint something you can be proud of and hang it in a gallery?

I disagree.  I don't think people show up to work just for the "work", they crave the social interaction as well.  This explains all the Lawyers, Doctors and Accountants who work past age 65 and presumably have more than enough money to retire (although some are broke as they live beyond their means).



2526  Bitcoin / Bitcoin Discussion / Re: Stay at day job (work or school) if suddenly filthy rich from Bitcoin? on: June 02, 2014, 09:07:22 AM
If you can't find a way to be satisfied in a life devoid of work, you're gonna have a real bad time once retirement age rolls around.

What do you think happens at retirement?  Most people get bored and spend their savings away on cruise trips, eating out and drinking wine.  The reason we see a lot of people continuing to work past age 65 because they're afraid of having nothing else to do in their old age.  This is North American society where people only get to see their Grandchildren (if they have any) once a month or every several months (since they are 2000 miles away by plane), instead of everyday like in the European and Asian extended families.


2527  Bitcoin / Bitcoin Discussion / Re: Stay at day job (work or school) if suddenly filthy rich from Bitcoin? on: June 02, 2014, 09:05:07 AM
I would find a hobby that makes you money.  That way it doesn't feel like work and you won't be bored..  You can be a professional day trader or a porn star.  

Trading is hard work.

Work you can't be fired from or sweat from.  I think the definition of hard work would be welding a building side, whilst suspended mid-air, or crawling through crawl space and fixing a leaky pipe, whilst waist deep in excrement.

Trading nowadays is all handled by bots and scripts, anyway.
2528  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 02, 2014, 08:34:28 AM
it's a disappointing experience to see that against all expectations of thread members, the price of nemstakes (AE) is steadily decreasing.
I was one of the first buyers and now I have to suffer from my greed.

Volume continues to go up.  It appears it's people dumping their stakes.  This was vaguely expected, considering what people reserved their stakes for, but they'll be gone a lot quicker than say a hypothetical whale who controls a large percentage of a coin and is dumping it no matter what damage it may bring.
2529  Economy / Economics / Re: Russia, Belarus and Kazakhstan about to introduce new currency - Altyn on: June 02, 2014, 04:10:12 AM
The Euro has lost 80% of its' value since it was introduced.  How will Atlyn be any different?  It won't.

Atlyn if anything won't be accepted by Belarus, Kazakhstan or any country unless they're dumb.  Accepting the Atlyn is tantamount to giving up control over your currency.  The Greeks know that all too well, the Greeks (if they still had drachmas) would print themselves out of their current recession.
2530  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: June 02, 2014, 02:11:54 AM
NEM is close to doing $200K in volume since trading began on Friday.  It should be listed.
2531  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 07:19:39 PM
and the low volume in NXT/CNY show that the asset exchange has a little exceptional popularity in China! We should work with NEM, it is eventually the most important market:

BTER      NXT/BTC      $ 211,667   $ 0.057944    50.27 %
DGEX      NXT/BTC      $ 102,245   $ 0.058446    24.28 %
Cryptsy      NXT/BTC        $ 61,494           $ 0.058714    14.60 %
BTER      NXT/CNY       $ 36,854           $ 0.059196    8.75 %
Poloniex     NXT/BTC       $ 7,750           $ 0.059327    1.84 %
Vircurex      NXT/BTC        $ 1,032           $ 0.058714    0.25 %
NXT-E      NXT/BTC        $ 21                   $ 0.078220    0.01 %
cny has never really bin a big market.. thats not going to be the case for long though! Wink




so you are completely wrong!!! at the time NXT was new listed on BTER, the volume CNY/NXT was almost as high as the BTC/NXT volume
ah right didnt realise..

on another note.. seems the selling of shares is slowing and the 20k price is holding..

The swarm team needs to contact coinmarketcap - so they can put the NEM tokens up.  IIRC - the coinmarketcap team said they were willing to put assets up if they attained enough volume.

NEM right now has more 24 hour volume than coins like Monero, it's in the top 15 of coins (for volume.  In capitalization it's in the top 20). and that's just token trading on NxT's AE (imagine the volume if NEM was released and on actual exchanges?)

I'm very convinced, based on the current numbers, that if NEM was released then its' volume would surpass NxT's.
2532  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 05:37:00 PM
NRM is close to hitting 2.5 million NxT in volume since trading on friday.

Will Coinmarket add NEM tokens?
2533  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 05:00:53 PM
http://nxtblocks.info/#section/assets_exchange/12465186738101000735

Almost 100,000 more NxT worth of NEM has been traded since I made my initial post on NEM volume.   Grin


NEM is closing the gap with ShortNxT.  NEM will hit 3 million NxT on monday?
2534  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 11:20:09 AM
http://nxtblocks.info/#section/assets_exchange/12465186738101000735

Almost 100,000 more NxT worth of NEM has been traded since I made my initial post on NEM volume.   Grin
2535  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 10:58:37 AM
i dont agree that it is nem.. the volume growth of nem slowed allot over the last 2 days. but yet the price of nxt shoots up faster... its not nem!!! is pre-emptive buying based on that "biggest ann ever" thread.. the "largest asian exchange is confirmed", skrill is "confirmed" this is all huge stuff.. its not nem!

No it was NEM.  Prior to NEM on the AE, NxT's volume was still in the normal range and it was hovering around $40 million.  As soon as NEM hit the AE, NxT saw gains in volume and value.  

It's no different than how Maidsafe resulted in a simultaneous (but separate)  Mastercoin pump and dump.
2536  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Dystopian Future on: June 01, 2014, 09:59:50 AM
Sounded great, until I got to "The Bleak Future of Law Enforcement". You sound like all of these problems are all of the sudden going to appear or get worse because of bitcoin (or whatever distributed currency comes about).

His prediction already did happen in real life and nothing came out of it.  Oligarchs in Eastern Europe, where the Soviet Rouble was immensely devalued or the new currencies devalued, had no problems in hiring armies of bodyguards (armed with bullet-proof vests and assault rifles) to protect them (and all sorts of crime and trafficking did flourish).

Mind you a lot of people were reduced to eating dog food in the early 1990s in the eastern bloc, I don't know how it gets anymore dystopian than that.

2537  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Dystopian Future on: June 01, 2014, 09:53:53 AM
85 people on this planet have more wealth than 3.5 billion people.

Not that Bitcoin's distribution is any better but I suspect it has better distribution than the real world distribution of $Fiat and other assets.
2538  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 09:27:25 AM
If NEM is responsible for nxt price jump we should see a price rise for the tokens aswell should't we?

Not always - BTC, Litecoin and other alts have gone through volume surges without the price buckling.  Price upswings only occur when someone buys out sell walls but many traders prefer to allow the walls to build up before they do that.

2539  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] NEMstake tokens are listed on Nxt asset exchange on: June 01, 2014, 09:23:00 AM
NEM has done 2 million NxT in volume ($122K) in a 24 hour period.  Insane, it's what is driving up the capitalization of NxT at the moment.

2540  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: June 01, 2014, 09:16:23 AM
It is outstandingly clear that NEMtokens in nxt AE have moved the nxt volume up, some conferences with bunch of geeks has nothing to do it. NEM tokens volumes are quite impressing  Cool

https://nxtforum.org/general-discussion/price-speculation/960/

Even they acknowledge on NxT forum that NEM is the reason for the huge current upswings in NxT.  They know this because they have ways to check the volume on the AE and NEM is essentially dominating it.  

http://nxtblocks.info/#section/assets_exchange/12465186738101000735

NEM has done almost 2 million NXT in Volume in less than 48 hours ($125,000).  That's not counting people who bought NxT, with intent of acquiring NEM, who didn't follow through purchasing any actual NEM.


I think the argument that NXT is climbing due to NEMstake is a bit off...only ~200 stakes have been allocated.

Here's the primary reason(s) for the pump.

https://nxtforum.org/general-discussion/literally-the-biggest-announcement-i-ever-made-dev-team/



Not according to the volume on the AE.  NEM has done almost 2 million NxT ($125K) since Friday, whereas NXT's 24 hour volume is only $250K so far.  NEM is easily more than half of NxT's volume at the moment.  Not counting the people who acquired NXT, to purchase NEM, who didn't follow through to purchase anything yet.

The upswing is 100% all NEM.   Even they (hint) it on their official forum in the NxT price speculation thread (if you can be bothered to read the last 20 pages).

No one is pumping money into NxT based on a 'rumour' or some obscure convention.  That's easily dispelled from looking at the AE volume.  The AE volume by itself, if it were a separate coin, would be in the top 20 of cryptos.


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