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

NEM has done almost 2 million NXT in Volume in less than 48 hours.  NEM started trading on Friday.  2 million NxT = $122K.    If NXT a week ago was trading between $20k to $100K, NEM is easily accounting for nearly 60% of NxT's current volume.

That isn't counting the people who acquired NxT, who had the intent to purchase / bid for NEM but didn't follow through.

NEM is huge.

I've been following conventions for the various coins and conclude that they're a waste of money, they cost more to attend than they get out of it.

A bit off-topic but I am forced to attend conventions, in my industry, and it's honestly a big joke.  Conventions are all about socialites and networking between the high status people (IF these people show up, more often than not they send the intern who can't answer simple questions).  The Bitcoin and digital currency conventions are no different, from what I have heard.


If you read the NxT forums like me - even they acknowledge that NEM is dominating the NxT AE and that's where most of the upswing in volume is coming from.

The American dream was always a contrast to the nightmare of the old world.  The one problem now is that American values have now entrenched themselves throughout the world, unless you happen to live in backwater like Burma (which only recently brought in Coca Cola), your society has been thoroughly Americanized (is your country a democracy?  does it have free speech and recognition of property?  Has class distinction been diminished?)


There were advantages to having been American back in the 1960s but those days are long gone.  If the American dream is being able to work yourself into a middle class existence with a house and an automobile, those things are arguably more accessible in Germany than in the US these days.  More accessible as a Polish plumber in Britain who can work in the UK for 20 years and retire and live like a king in Poland.

IIRC - I read a study which made the assertion that a million dollars today was only worth the equivalent of $70,000 during President Hoover's Great Depression.  A millionaire back then was actually rich rich.

Seems plausible when you factor in purchasing power parities.  A Coca Cola in a restaurant used to be .5 cents for a very long time, whereas today it costs maybe $1.0 to $2.0 at restaurant now (depending on where you live).

I've witnessed a great deal of inflation in my own lifetime and I'm far from being an old person, let alone middle aged.  At the rate $Fiat is going, a Coca Cola will probably cost $40 per drink in a restaurant by the time I am retirement age.  The concept of saving for a retirement is almost a joke, since any chump change you may save today won't be enough to cover future living expenses.    

Think about that when you hear about pensioners eating dog food - you might assumed some didn't save anything (which could be true for some) but more like most were robbed out of their savings through inflation.

There are links to confirm the $51K volume, albeit other people posted them so I don't have that link on hand (but I definitely saw it).

NEM is the only thing which explains NxT's recent upswing out of nowhere.

A million dollars wouldn't even buy me a house in my city, a 60 year old house full of mold & asbestos can be bought for the 'affordable' discounted price in the $1.2 million range.


I don't see how a million can last anyone, even if you moved to a third world country and lived like a Slumlord.

NxT's price and volume has been skyrocketing but it's been established that, yesterday, the volume trading NEM tokens was $51,000 in a 24 hour period.  People buying NxT to acquire NEM is what is shooting up NxT's price.  No different than how people buying Maidsafe coins led to Mastercoin to double (triple?) in capitalization (which then plummeted afterwards).


NxT's volume a couple weeks ago, before NEM trading, was only $20,000 to $80,000.  It looks like NEM, before alpha, is essentially almost as big as NxT in volume and that's despite being restricted to tokens on the AE.

Yeah it's been nonstop "flavor of the month" pumps since January, I'm tired of it too.

NxT by now would had been worth $300+ million but they had to screw it up with the scam-like distribution.  NEM is the next hope (it already has 50% of NxT's volume in pre-launch.  People have been buying NxT to acquire NEM, hence NxT's recent increase in price and volume)

Yup it's all luck, you sir are all correct.  85 people in this world have more wealth than 3.5 billion people, are just 'lucky'.  If you're in the backwater of Africa and Asia, all you need to do is pull up your bootstraps (oh wait can't afford said boots) and then encounter "luck".  

Nerds?  I stumble past construction sites and I see many Tradesmen who are overweight, albeit that's occupation-discriminatory ~ there's bound to be a few construction workers who play Dungeon and Dragons.    Likewise, the armies in developed countries are beginning to sound alarm over military obesity.  These are occupations where people burn a lot of calories during rigorous things and yet the fatties are abundant these days.



Obesity has doubled since the 1980s (in other countries the increase has been more).

 Our diets arguably haven't changed, there was plenty of Coca Cola and hamburgers a couple decades ago.  Maybe one difference could between then and now, is the greater accessibility of Mexican cuisine but I don't think that's the culprit.

As well - gasoline use has declined to 25% of what it was in the late 1990s - suggesting that people are driving less.  If people walking more means less obesity, right?  Wrong - obesity continues to go up regardless of the mode of transportation (feet or automobiles)


If I had to blame the culprit, then it's

- People think the world is going to ruin (the internet doesn't help in accessibility of information) and maybe this is triggering the weight retention gene.
- GMOs in our wheat and crops and the things our livestock eat.


I can say this - when I was in Asia, the cows were skinny just like the people.  I ate nonstop beer, soda and greasy food in Asia and managed to lost a ton of weight.  It leads me to believe in the 'corrupted food' hypothesis more than anything else.  Are you kidding about what you think Asians eat?  I was able to get New York Steak and Pizza at every touristy location in Cambodia - hell, even saw a Mexican restaurant.

There has been studies and books written about people who win the lottery and/or acquire wealth (and stop working).

Traveling the world gets old.  You don't need to be rich to travel.  I've been to almost 40 countries myself.
 I'll say this about "traveling"

- You spend a lot of time in bars / restaurants (things you can do at home)
- Eventually seeing new landmarks / museums gets old and you go "meh"
- You DO get bored on vacation, all the time.
- Dealing with trains / bus / rental is a pain.
- "friends of convenience", eventually you realize these people you partied with in foreign hostels / hotels you'll never see again.


I listen to a few radio shows hosted by millionaires and see the reality TV shows - their lives aren't any different from ours.  Most of them are planked on the sofa and, if it wasn't for the socialite activities, most would be bored to tears.

Most very rich people occupy themselves with some sort of career, some host on the radio (like the people I listen to), others are venture capitalist (who technically work for almost no money compared to their net worth), et cetera.


Really the only benefit I see from money is security but it's a false security, maybe the security from never being forced to work but you'll have plenty of people trying to steal said wealth from you (women, the banks, et al).

To constitute being a currency then it's literally the chicken before the egg.  Nothing will be considered a currency until a coin's volume exceeds $1 billion within a 24 hour period, something which no current coin is close to doing - Bitcoin's record was $70 million.

There are the technical issues - for instance, all the required confirmations within Bitcoin makes it impractical to use in a brick & mortar store.  There appears to be a theoretical way to get around this, such as Bitpay acting as an equivalent to a credit card.  Though nothing stops Bitpay from wiping out Visa / American express and then later jacking up the fees when they establish a monopoly.

There really needs to be a digital coin with fast transactions and confirmations, and this has to be scalable when the coin later grows to a billion+ in volume.

It's not a religion thing, no one would be making a ruckus if it were Albanians, Bosnians and white-looking Tatars migrating by the millions into Britain / France

Satoshi 1.0 and BCnext 2.0 make NEM 3.0

People with aspergers have seen his video and concluded he neither had aspergers or autism.

More probable that Eliott had stunted social skills.  For instance, despite browsing PUA websites, he himself never embraced the main principle of PUA - mass approach.   The most famous pickup artists admit they have to approach dozens of women until they find the one woman who'll say yes.  The way to getting women is, frankly, not to give a shi1t about other people's opinions but Eliott cared too much what others thought.

Pickup Artists got banned from a mall in Toronto since they advertise that location to other PUA who then converged on mass and every woman complained about being approached every 30 seconds.

http://www.canadianbusiness.com/blogs-and-comment/toronto-eaton-centre-is-cracking-down-on-pick-up-artists-tweet-suggests/

 

He didn't.  He was fake rich.  Fake rich is a common Asian thing, I know Chinese guys sleeping out of leased BMWs and Mustangs.

 He was leasing the BMW and shared an apartment with three Asian guys.

Still - his male classmates described him as a quiet loner, so he likely never talked to a girl.

He was also creepy, 5 foot 8 and 135 pounds and wanted a 8/10+ blonde but didn't have the money / appearance / personality for one

Sounds like an ageist statement if I have seen one.  There are students over age 40 (even 60) in universities and they seem to be just as capable, as the younger students, in finishing their degree (and learning new things).

Older people don't suck at learning new skills - they just become complacent (apathy) or get tied up with responsibilities which prevents them from learning skills or going back to school.

 

It could be anything as long as it's somehow recognizable by the client.  For instance, there could be an achievement called: "Luck of the Irish", if you are befriended / messaged / receive NEM from someone in Ireland (hypothetical example).   One could hypothetically be quite imaginative with the sort of achievements there could be and achievements can be an addicting mini-game.


 

Indirectly, and changing the topic, this led me to think of an "achievement" list within the NEM client - equivalent to the achievements you see on Xbox Live and in PC / Console Gaming.

  Achievements is essentially an addicting mini-game in recreational video gaming, which encourages the user to devote more hours to the game in question to unlock these achievements (I don't know how to better explain this idea but anyone who plays Xbox Live or Steam PC Games would know what I am talking about).

  You could effectively create a wide range of NEM achievements, some of them fairly easy to achieve and others more difficult or borderline impossible.  

Definitely worth noting but should it be emphasized?