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I think in order to get NEM off the ground it will need some direct FIAT links so people can buy into it without too much hassle.
Any coin thats dependent on another - say bitcoin - for people to buy more of that currency is just going to hinder progress, from what i can see.
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Dear community,I would like to point out the following situation: Some members who have applied to join the New Economic Movement have lost access to their BTT account. In a few cases, these same people have made contact with the development team with a second (new) account in order to claim their token. I have come up with a simple system in which these tokens can be reclaimed by the rightful owner without risking the original owner getting scammed. System:  The developers assign two types of priorities to the following accounts: Priority 1 ( highest priority): The original (lost) BTT account. Priority 2 ( lowest priority): The new BTT account. Then, whenever someone claims to have lost access to an account, the developers would have to carefully inspect the case and hand over a so called "temporary token".If the original owner claims the token from the original account at a later point in time, the developers would have to remove the "temporary token" from the list and blacklist the person who had claimed a "temporary token". If the original owner is in fact the same person as the one who claimed the "temporary token", the stake has found it's way back to it's owner. With this simple system, you can help those who are in a bad situation while preventing any scam. Feedback is welcome! To continue with this discussion, when and how are we as a community going to decide what to do with these particular stakeholders? It'd probably be better to open a vote forum.nemcoin.com (I'll do that). From the reactions here though, I don't think they'll vote in favor or giving lost btt accounts stakes. The reason why I think a vote is unfair for the people who have lost their BTT account is because people who vote against the reimbursement have something to GAIN when they vote for neither. After all, those people might only act out of self-interest keeping in mind that those NEM stakes probably will get redistributed into the NEM economy and into THEIR wallets. This puts an incentive on voting AGAINST reimbursement, leaving the already duped in an even more negative position. Therefore the vote will always be biased and can not result in a fair outcome for the people who lost their stake. Although I completely get your argument here, if those who participated in NEM (via claiming a stake) also acted out of self-interest and did their homework, this entire scenario would've been avoidable in the first place. Bare in mind the IPO was a call of participation; it wasn't your conventional "investment"; it was a request for people to participate and help develop NEM, it was more than an investment, it was a movement and a call to join said movement. The New Economy Movement. I voted against purely for this reason. Not because of some agenda or some bias. I think long term NEM would suffer considerably if devs bent over backwards to accommodate to those who lost their stake through their own errors or neglect (especially when, as a movement, following it should be a priority). Sure, by all means try and help those who have lost out, but within reason, is what i'm saying. Don't get me wrong, the last thing i'd want is for anyone to lose their stake, but I think some personal responsibility if often missing in today's modern society and seeing it transfer to NEM is destructive, in my view. |
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How much NEM stakes are allowed for each NXT address? Are there any restrictions or limitations? Thanks.
2 stakes per nxt account. If you have more than 2 you split them up to more nxt accounts before cashing them in for real NEM. I feel like I anserwed this like 20 times  What a meaningless retarded requirements. What a rediculous statement. It's actually a decent (and necessary) deterrent from big players buying/hording nemstake, as they'll be reluctant to spend any large amount of time distributing their stakes across a host of NXT accounts to comply. This i didn't think would need explaining unless you're one to be buying Nemstake in huge quantities yourself. I'm personally glad the requirement stands for this very reason - as there are plenty of individuals who are into crypto with the resources to buy out Nemstake in almost any quantity they choose. Especially NXT whales. So no, it's far from "Meaningless" or retarded, as you so eloquently put. |
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1 NEMstake > 100,000 NXT
in few days
Yes its time to fasten your seatbelts edit- Nevermind, noticed you put NXT, not NEM  |
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I think some individuals forget NEM is still in ALPHA.. It's not until BETA we get our hands on the real NEM.
Once beta is released, you'll then download the BETA client, create a wallet, then do the redemption process to have the account funded with real NEM.
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Glad i purchased an extra 0.2 nemstake a few days ago when it was 28k NXT. Had a feeling it wouldn't be long before it took off.
I do suspect alot of other altcoins will deem NEM a threat on release tho so i'm anticipating the sort of FUD/DDOS's and other attacks in full force -- just as what NXT got.
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Proof Of Importance? based on what?
POI is based on serveral things: How much NEM you have, how much NEM you are transferring to others, how much NEM other are transferring to you. The exact formula is not set in stone so far. That's we are a little vage how it works in details. I would really like to see a third aspect which is how long the NEM client/node has been running put in the mix too. This could help to encourage more people with smaller amounts of NEM to also turn their client on and leave it on in the background. Hopefully someday the network will be supported by lots and lots of regular people. Node Coin https://bitcointalk.org/index.php?topic=590421.0 has gone with client time (one point per second) and spending score (one point per coin spent) and then which ever Node has the highest score is more likely to harvest. I think this is good, but they are missing the "coins received" and traditional Proof of Stake found in NEM. Crypti has also added proof of merchant, which means that special merchants that register can get a discount on transaction fees. By doing this, they can also be rated and won't be anonymous. A trait that we actually want when buying something from another. Basically as buyers we want to be anonymous and have our privacy protected, but at the same time we want the exact opposite for merchants. We want merchants out in the open and their history and reputation easily known. Basically, we want to know who we are sending our money too and what kind of person they are. This power in reputation has been a huge part of the success of Amazon and Ebay and really should also be incorporated into crypto too. I would call this PoS^4 Proof of Stake - Money held in account Proof of Spend - Money going in and out Proof of Service - How long a node has been supporting the network Proof of Status - Registering with the network and allowing a reputation status I really like the sound of this. Would be interesting to see what anyone official makes of it. I have this bad feeling though perhaps something like this would be difficult to implement so late into NEM's development, but i may be wrong. |
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I must underline this, just in case anyone would miss it: Do not use your nem alpha address.
Another thing thats occurred to me is the potential for people to steal Nemstakes on forums. When the NXT redeeming account address is released, i think it's very important people pay attention to anyone quoting the said address to make absolutely, double sure that they've not changed the quoted address to be something else. I've just got this vision in mind and i can see dishonest people using this tatic to accumulate nemstake. Only copy/paste any addresses directly from trusted posts from the official devs/crew, not quotes or replies to said posts in case they change it. |
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Here is my current draft for an infographic guide to stake redemption for NXT asset exchange stakeholders. If this is approved then I'll make a version similar in appearance/style for the redemption process for BTT stakeholders as well. First I want to get the design down and the community's approval. Suggestions are welcome!  Makes sense to me, but for the recipient address (NXT address) do I put in my NXT address or the address I purchased the asset from. (I only own a portion of a stake on the AE...) The recipient address is the address you send your Nxt asset (NEMstake) to in order to redeem your token for real nem. This address will be disclosed at a later date - the address in the image is just used as an example. This is what i take to be true. Also remember in the message field, your NEM account must be written otherwise you'll lose your stake.. We WILL all have to make new NEM accounts once NEM leaves Alpha. Do not use your nem alpha address. |
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It is not complicated for me  The person receiving the second stake is not that familiar with computers. Not everyone is you know. They will need help. Nothing to do with being slow. Some people just have different strengths and skills dealing with crypto and stuff. The directions emphasize being correct in the procedure. Feedback was requested and this is my view. I really appreciate you feedback. I guess I just didn't expect anyone that isn't familiar with computers at all to be a NEM stakehodler. Thanks for your reply. I appreciate your view also. NEM stakes were purchased for everyone. All types of people. Not necessarily just BCT member regulars. It has an appeal for the whole family. All walks of life. You are right. I have been going around promoting NEM to crypto enthusiasts and they get confused with NEMstake and AE. People who are new to NEM (and even NEMsters themselves who signed up earlier) find it hard to understand what a NEMstake is all about. They think NEMstake is NEM coins and get even more confused if they can buy from an AE in Nxt only and also Secureae is not helping either. They usually ask why they need to change to NEM coins. We should be very clear on this. I think a detailed, step-by-step guide (ideally with images) would be ideal to help people along with the the redemption process. Even though i'm familiar with crypto's, I'd appreciate such a tutorial just to make absolutely, 100% sure what i do is correct. The last thing i'd want is to jeopardize my claim. |
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'hi dear'. This phrase is so much like something CFA would say.
Ive no doubt he's got many alt accounts to enhance his trolling/fud abilities -- alot of users here seem to replicate his mannerisms -- After all, if he can create the illusion that his views are popular, it's only going to manipulate people into his cause. I installed nem wallet, but cannot assure whether it is installed rightly.
When I click <start harvesting>, following shows up.
"Oops!
The account is unknown. An account needs to be part of at least one transaction (sender or recipient) to be known to the network."
Somebody please send some nem.
Thank you in advance!
TBHSAN-GOY4VW-BHRGO3-45FWG6-WBO5S2-KMKLYB-6WU6
Just sent you some. |
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Can i run the client/account on different computers
like NXT?
I first installed it to old laptop and tryed in
new laptop, but it says that account already exist.
Heelp!
NEM is not a brainwallet, but private keys are stored in an encrypted wallet on your hard drive. So if an account already exists, it is because it is already in your local wallet. Can i copy that file to other pc and delete original one? Same cituation will follow after hd failure. There should be some instructions what to do then. Lot of users, some amount of problems, don't you think? This was my point on the NEM forums if i remember right. I think they're working on in-client options that help the process of backing up your wallet. It would be neat if the client also allowed you to "restore" backup wallets too. |
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Do not trust CfA under any circumstances. Keep ignoring him (I'm suprised so many people still se his messages i.e. don't have him on their ignore list)
When he first started his shitstorm against NEM I told him that what he was doing wasn't cool and he wrote ma an all apologetic pm about how I'm a sensible guy and how his intentions were all good.
I think you all remember what happend after that. Thread, after thread, after thread doing nothing but trashing NEM.
Even if he was serious he wouldn't deserve absolution.
Don't trust him. He hasn't turned. Just a new trolling angle.
I think anyone who's followed this thread even slightly would know what this individual is like. If they do believe him it's probably because they're trolling themselves. |
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NEM The Currency of Choice for Crazy People.
How do you like my new NEM slogan?
Welcome to the NEM thread, I can tell you're going to have alot to contribute here, especially if your previous posts have anything to go by. |
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Even if NEMstake doubled or even tripled, i still think this is peanuts for what NEM is worth or potentially worth.
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Regarding the discussion about the currency symbol, I'll copy and paste what I wrote on the NEM forums here for everyone to discuss. Theoretically a vote should not cause any drama. The majority wins, end of story. This is how a democratic system works. However, with that being said, having a community vote on something like this may be flawed, and I will explain why. I've seen many other cryptocurrencies voting on things related to design and aesthetics. However, the reality is that most people here and in general have no experience in this field. Art and design is a specialized field, just like anything else. Having a vote on something like a logo or a currency symbol is something that should be left up to a trusted professional. Otherwise, it would be like voting on specific changes to the codebase when the majority of the community does not even know the first thing about coding. Many people refuse to believe that art/design is something that can only be done by a professional. Everyone thinks they just inherently know what looks good and what does not, but that simply is not true. I feel that any decision for NEM related to design aesthetics be left to a trusted professional in that field, or at least someone who has demonstrated that they have the knowledge required to make those decisions. People are always going to complain about such a decision because it does not fit what they feel looks good in their eyes. But those are untrained eyes, and such an opinion should be completely disregarded (at least, that's how I feel about it). I only say this as someone who has a faint background in art and design (I am an artist in my spare time and have a bit of formal training), and I know all too well how people without the requisite training can be severely misguided in terms of what makes an effective design and what does not. Anyway, that's just my opinion. If the community would prefer to have a vote for this sort of thing, then that is not my decision to make. Just wanted to throw my thoughts into the mix.  I agree with you that design is a specialized field and only professionals have the knowledge and training to recognize "good" design. However, the currency symbol is for the eye of the masses. If a designer makes a great design according to his experience and a great majority of the community thinks it looks like sh*t, it doesn't fit to a product that aims for mass adoption. If you have enough voices of lay persons against/for a design within the community you can assume it's (approximately) the same oppinion as the rest of the world will have (excluding all other professionals ). I agree. The best course of action is to have a designer create multiple symbols and have the people vote. .....so, basically, what NEM did. |
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what was so bad about the distribution in your opinion? in fairness its probably the best by a long shot of all cryptos.
I think that this The total supply will be distributed as follows:
71% - distributed to stakeholders on the final stakeholder list.
10% - reserved for the core development team to fund development of the NCC and NIS up to the release of V.1 of the blockchain.
10% - reserved for the core development team to fund development of the NCC and NIS after the release of V.1 of the blockchain.
5% - reserved for the extended development team; those who are working on promoting NEM and the NEM ecosystem.
4% - auctioned off at a later date.
effectively undermine the usefulness of this project ( that had some merits). As a software developer myself, i fail to see why one should be rewarded so much for what can really be realized on passionate free-time, while still profiting from it a big deal. In addition, distributing any currency with an IPO really concentrate the ownership in the hands of a few, and that is a central point of failure waiting to happen. Finally, directly rewarding 'promoters' economically lead to questions like: " Is that guy promoting it because he think it is a worthy idea, or it is promoting it because he get paid for that?" This is my opinion. Thanks for asking without assuming ' do not agree, therefore troll' this time. It's easy to criticize, and although i think constructive criticism is important, i can't say i quite get your point - especially as you don't exactly offer suggestions as to how you would've done it. Face facts, NEM had seen a stake distribution like no other, it was this distribution that made me participate in the end. Even the all too common PoW distribution model is massively unfair and centralized when you consider mining power is now exclusively in the hands of those who have the deep pockets to finance and manage it. "Mining" has been out of the grasp of the average person for quite some period now. |
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Can we know what coins are being considered right now to integrate the supernetwork?
No, that's part of the the main point of the superNET asset. To invest in the coins BEFORE the announcement of it joining the superNET occurs. so better invest in NEM than bcoz it will be part of superNET Where did you hear that? Yes there is. James asked if we could make commitments regard backwards compatibility and common sense practices when releasing new versions. He appeared to be interested in using NEM AE instead of NXT AE as base.
What made it impossible to work on this with him was the timeline. Our AE isn't even designed yet and so we can't have it ready when James needs it. He would have been fine with a slight delay but our estimated timeline didn't satisfy his needs.
He did say that he will implement NEM Support next year. http://forum.nemcoin.com/index.php?topic=2393.0;topicseen |
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I really think some giveaways on Reddit might do us some good as well.
I like this idea. |
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lordoliver - But if people don't know about cryptos how where they able to take part in the NEM that was given away at the start of the project?
amytheplanarshift - thank you for the civilized reply. I agree about POI, that is what drew me to NEM. I understand there could be no 100% equal opportunity, all I am saying is that why are people against giving away some NEM to those who don't know what crypto can do for them or to those that can't afford it? I am not talking about giving them full stakes, just a small amount.
What if some of the development funds goes to making an online store that sells NEM t-shirts (someone already made some nice ones), usb sticks, keychains, coffee mugs, just some small items that won't cost much to get made and shipped out so people that are new to cryptos can see how fast and easy it is to use. I think people learn faster by doing instead of being told. I haven't put much thought in to this idea so I am sure there are some faults with it.
If NEM is truly a movement then we should try to help as many as we can.
What you said made me think; Why not sell NEM merchandise, and include a wallet with a small number of NEM's? This would depend entirely on the price of NEM of course, but surely you could sell T-shirts and other NEM related items and bundle in some NEM coins along with the purchase? By doing this, you're giving them a gateway into the currency without them directly putting FIAT currencies into it. If this meant that Tshirts and other such items come with a slightly increased price, i'm sure they'd consider buying it especially if it's a new currency of which may see the success Bitcoin did. |
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