Okay guys, I need you help with this one. Let's make XEM the official currency of the new country Liberland. Please join this group and then vote up XEM after they approve you. https://www.facebook.com/groups/liberland/That would be awesome Great for promotion. Btw, how many people live there? If this takes off I may just move there |
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Okay guys, I need you help with this one. Let's make XEM the official currency of the new country Liberland. Please join this group and then vote up XEM after they approve you. https://www.facebook.com/groups/liberland/That would be awesome |
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5 millions ? Man that's not cheap  I wouldn't mind getting to 5 mil also |
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I have 3.7% importance but have been unable to harvest a single block. It has been days does anyone have any advice or is this how it works?
EDIT nvm I did harvest a block but the reward was zero. So why harvest at all? It doesnt seem like the reward is worth it.
I have 2,9% of importance and harvest about 25 blocks in one week,or around 750 XEM in week. I have solved my issue and harvested just over 400xem in the last day |
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On the other hand, you don't need to spend a lot of computer power (read electricity and money for ASICs etc) to harvest XEM... You can do it for free!
On our forum there are guides how to set up your own 24/7 FREE node which will harvest for you - something you cannot do in BTC or other PoW cryptos.
Yep! Guys, set up your own node or use mine (nemnode.tk). I'm harvesting 24/7 for FREE and and that's nice. tyvm |
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I have 3.7% importance but have been unable to harvest a single block. It has been days does anyone have any advice or is this how it works?
EDIT nvm I did harvest a block but the reward was zero. So why harvest at all? It doesnt seem like the reward is worth it.
At the moment some blocks have 0 fees, others have 10, 20, 200, up to 1200 XEM. Hmm given the amount of XEM that exist it hardly seems worth it. Even if I got 200 a day thats only 73000 year. |
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I have 3.7% importance but have been unable to harvest a single block. It has been days does anyone have any advice or is this how it works?
EDIT nvm I did harvest a block but the reward was zero. So why harvest at all? It doesnt seem like the reward is worth it.
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True. Doesn't mean to say fair distribution isn't a massive priority on the release of a new coin though - in fact it's absolutely, 100% necessary. (Even though as time passes, the fairness of distribution will mean nothing once wealthy people start to accumulate large sums)
It is not however a means to an end. You're right in that people are mostly in the crypto markets for personal financial gain - they're also into it for less then legal reasons, money laundering, illicit trade. As much as i don't want to say it; this is reflected upon bitcoins rise to dominance (And the popularity of anon coins), which was entirely enabled through the deep net and all the nasty trading going on there.
Fact of the matter is, not only is a fair distribution massively important in the initial stages of a crypto, but also a crypto that appeals to peoples personal needs is a must too. And whether people here choose to admit it or not, the only real personal need most people want from cryptocurrency is anonymity to enable them to accomplish such underhanded tasks.
I believe this is sadly just how the crypto markets work. Truth is aside from legitimate investors, the real users are those with criminal backgrounds or with ill intent -- this is the current demographic of crypto users in the markets right now.
Very true Thingamajig! It's a sad state of affairs and I am sure Satoshi has been saddened by how things turned out. Cryptocurrencies have proven that regardless of the distribution method (POW, POS, airdrops, etc) the end result will always be the same: the majority of wealth ends up in the hands of a few.This is simple economics though really. You'll never have a "equal" financial system. FIAT right now is largely consolidated in the hands of a few. It's just the inevitable outcome of all systems really. I'm sure some people reading this might have "communism" niggling at the back of their minds but even that's a joke - it preaches equality but in truth it simply makes everyone equally broke, and those that enforce the rules (ie; Government) are the only wealthy elite through excessive/oppressive taxation (It's why such systems often turn totalitarian). Fact of the matter is, equality in an unfair world is an impossible endeavor, and if it's something that is strived for, it's got to be done with strict care and moderation (NEM's distribution did this perfectly). anyone who tells you otherwise is probably someone preaching communism when they're the ones working in government office, moneybags at the ready waiting for your cash  . NEM's devs have accomplished a distribution that is nothing short of admirable -- NEM as a platform itself also holds great promise, but i feel unless an understanding is reached of who are currently crypto buyers and what their intents are, it'll struggle to get the momentum to appeal to a wider market. Take a page from Bitcoins history . Bitcoin too has hit a massive hurdle and is struggling to broaden it's userbase, NEM is the same, just smaller scale. Wow, look at that!!! NEM now has paper wallets. Pretty exciting and beautiful. .......  Fantastic stuff ^^. Really is exciting seeing things progress. Agreed, I wanted to see what was going to happen after launch an I am now ready to start investing. Put up a 1 btc buy order to get started. |
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How long does it take to download the blockchain? i started 12 hours ago and i've still got 64 weeks to go, 15 connections
Do you have any med or looking to invest? |
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It takes a while thats for sure. I am 7 weeks behind at the moment. When I am synced I will upload it to a file sharing site so everyone can download it quick.
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Since no one is really interested in mining then possibly move to pos only. That may get some more interest.
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I think to keep the coin going we should introduce proof of stake
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maybe seek out some investments to fund projects. Someone to attend conferences to get the word out there.
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News about Cryptocurrency Tip: http://www.coindesk.com/uber-hotwire-2-25-million-neucoin/Micropayments startup NeuCoin has raised $1.25m in angel and seed funding from over 20 individual investors, including King co-founder Patrik Stymne, Uber SVP Emil Michael and Hotwire president Henrik Kjellberg. MED TipBot is better than NeuCoin but it has no good business operator. Anyone has suggestions? I have said many time we need a proper dev and support team. |
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Anyone still here? I see the coin is still being mined.
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yeah thanks for all the great work
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Med on a crazy ride up someone knows something.
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