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381  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 27, 2014, 03:10:07 AM
Quote
Как насчёт того, чтобы на Nem сделать социальную сеть наподобие VK.com? Российские власти отобрали у Павла Дурова социальную сеть VKontakte, теперь она полностью принадлежит ФСБ.

Как я считаю будущее социальных сетей - это полный уход в криптографию. Мы могли бы на Nem сделать сразу несколько клонов социальных сетей. Таких как VK и FB. И никто бы это не мог отобрать в рамках децентрализованной криптографии.

Ссылка на пост оригинальный Павла Дурова, основателя Российской социальной сети VKontakte :
https://vk.com/wall1_45624

Quote
How about that on Nem to make a social network like VK.com? The Russian authorities selected the social network VKontakte at Pavel Durov, now it completely belongs to FSB.

As I consider the future of social networks is a full leaving in cryptography. We could make on Nem at once some clones of social networks. Such as VK and FB. And anybody couldn't select it within the decentralized cryptography.

Link to a post original Pavel Durov, founder of the Russian social network VKontakte:
https://vk.com/wall1_45624

FundRasing social decentralized network VK on base crypto platform Nem : https://vk.com/wall212533118_248?reply=249

One of those thing I don't quite understand but still like it very much Wink
382  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 25, 2014, 10:19:07 PM
I am selling a nem stake, if anyone is interested here is the link to my forum thread:

https://bitcointalk.org/index.php?topic=584752.0

sorry you can get a refund or sell your stake under the table in some way but I won't change your account stake to anyone else account name.
383  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 25, 2014, 11:49:39 AM
Off topic.

Stolen MTGOX BTCs going to maidsafe ipo?

https://bitcointalk.org/index.php?topic=579797.280

Maidsafe had almost no presence on the net a few months ago, it was some obscure vaporeware project.  Suddenly, out of nowhere, they annouced some coin and received millions in hours until it was partially closed.  

Someone invested 900 BTC ($450K) in one transaction alone.  Based on what?  No photos and stuff copied from freenet?  No escrow?  No marketing?

Something there doesn't pass the smell test.
Especially since mastercoin has pretty much no future anyway.

I would not say it a vaporware before I can read all their GibHub repo and white papers. David (MaidSafe founder) was in Inside Bitcoin in early April and made a tour to some research university, Google development group before that. As I understand the project has been backed by BitAngel at least for 1 year, hence the estimated 2.5 million$ backing up to now. You can bet that the person who put 900BTC in probably read codes and white papers before.  

It would be pretty naive to think that they can go ahead with type of deal without at least 1 or 2 huge backers pre-committed to a certain amount. Compared to other types of Bitcoin ecosystem venture deals such as Coinbase, Circle, Bitpay etc. the amount raised here is pretty normal for the amount of works and the project's potential.

I have a theory of why they do this kind of quick IPO without much fanfare but anyway it doesn't really relate to the actual potential of the project which is determined wholly by the technology itself.      
384  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 25, 2014, 01:22:12 AM
I beg to differ. "Call for participation" is different from an IPO both in legal term and in actual practice. The money stakeholders sent in are donation/ fee to join but not the payment to buy a stake. NEM initial fundrasing is set in this way for a good reason. And I don't think because everyone else is doing IPO then NEM fundrasing has to be an IPO.
Alright so I was wrong, although I don't see the difference  between a donation fee and a stake - since fundraisers will receive some NEM, they are receiving a stake, no?

NEM is an evolving entity. A stake of a Coingen clone is worth like nothing; A stake in a properly developed technology could be worth a lot. NEM could have been the former. But it happens to be the latter because of the participation of some great people like Jaguar, Thies, Gimre, Makoto, BloodyRookie, Krysto, Patmaster etc. I hope you understand.
Yes, sort of. Still, I think that saying "this is not an IPO, this is an call for participation" wil make most people defiant, like when politician use one word for an other.
Fortunately, this is easy to fix: suffice to mention in the same sentence the difference between an IPO and a call for participation. Or, better yet; "technically, this is not an IPO; but if by IPO you mean; taking a small risk in the hope it will pay out later", well yes, you can call this an IPO"

Plus, IPO is much faster to pronounce and understand than "call for participation" Smiley

There is a risk when I use the words like IPO or investment since I am in U.S which has certain regulations regarding to fundraising and soliciting investment. IPO has a strict legal meaning and I would rather avoid it. Everyone can use any words they prefer but when someone asks me about "that IPO", "this investment". I can't implicitly accept it without risking myself legally.
385  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 25, 2014, 01:09:39 AM
I beg to differ. "Call for participation" is different from an IPO both in legal term and in actual practice. The money stakeholders sent in are donation/ fee to join but not the payment to buy a stake. NEM initial fundrasing is set in this way for a good reason. And I don't think because everyone else is doing IPO then NEM fundrasing has to be an IPO.
Alright so I was wrong, although I don't see the difference  between a donation fee and a stake - since fundraisers will receive some NEM, they are receiving a stake, no?

NEM is an evolving entity. A stake of a NXT clone is worth like nothing; A stake in a properly developed technology could be worth a lot. NEM could have been the former. But it happens to be the latter because of the participation of some great people like Jaguar, Thies, Gimre, Makoto, BloodyRookie, Krysto, Patmaster etc. It is not right to say it was an IPO because I don't have much to offer without the participation of these people. I hope you understand.  
386  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 25, 2014, 12:35:44 AM
NEM initial fundraising is not an IPO. It is a "call for participation". You can leave if you want and you should leave if you don't trust the development team. I encourage you to do so if the latter case is true. Waiting lists are at the same situation since they are regular stakeholders. I can call on an escrow for the auction though.
Utopian, you know I appreciate what you've done, but this call for participation IS an IPO. IPO do not have to be scam and I believe that NEM was not a scam. Much like NXT IPO was not a scam either Smiley

I beg to differ. "Call for participation" is different from an IPO both in legal term and in actual practice. The money stakeholders sent in are donation/ fee to join but not the payment to buy a stake. NEM initial fundrasing is set in this way for a good reason. And I don't think because everyone else is doing IPO then NEM fundrasing has to be an IPO.
387  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 24, 2014, 12:23:24 PM
@devs. if someone was to build a pool could they qualify for a dev stake or part of a dev stake? or would it have to be a bounty?

Excepts some dev. stakes for administrative tasks, the basis for allocating dev. stakes in promotion category is the project's capacity to attract new users (user acquisition), of course we will try to use some kind of plausible projection instead of actual numbers. The basis of allocating dev. stakes in ecosystem category is the project's capacity to add useful functionality into NEM ecosystem. Multipools may qualify in promotion category depending on how efficient they are.  Maybe a part of the ecosystem as well.
388  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 24, 2014, 12:11:27 PM
Consider that there are a lot of POS coins that distribute stakes at no cost and they are sold at 1 - 2 btc after 1 week. The Majority have no innovation, no major plans, no real long term looking community, no no dev team and a lot of other problems. If people understand the difference between signal and noise and the immense potential that lays in this project then I think the price will be easily well above 3 btc, maybe around 5 - 10 btc or more.

Now there are a lot of fake Nem supporters that try to spread a wrong message about Nem and its price with the hope of buying it very cheap.

In any case we must not forget that a lot of time, energy and effort has been put into this project and without a doubt there will be some real whales who will pay real money to get some more Nem stakes. This project is very different from the average clone or shitcoin, just look the the demographics of this great community, at the projects being developed(https://trello.com/b/GEWEPSZJ/nem-promotion) and draw some conclusions.


Problem with IPOs is that there are lot of speculators that invest and that are looking for short time gains
and those people will likely dump the coin soon as possible because in their heads
at the end is all calculated in FIAT Sad

It would be wise for NEM stakeholders to distribute the coin gradually by offering bounties
for projects to build applications and services and infrastructure that will use the coin
and not just sell the coin for dirty cheap or dirty expensive.

Ask your self what can you do with 1M NEM what business could you start what service or application
can you make and not just how to sell (dump) the coin.

People please stop thinking only in terms of FIAT (MarketCrap,USD,EUR) and try to understand a bigger picture
how crypto currency can save us from the current state of things and from the power of the few
and give us more economic freedom.


A man without economic freedom is not a free man.
Just my 2 NEM  Wink

Totally agree.

I think it would be also very important to set up a starting price from which the auction should begin(eg. 5btc) and value all the innovation and hard work of the dev team and the community that has been put into this project up until now.
 
In other words we should set a valuation for NEM and auction should start from that price letting the market decide how much the price should go up. This is the way all the smart projects are doing it.

Shouldn't the price be determined by the market ?
389  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 24, 2014, 03:03:36 AM
I am more interested in when is the auction? Also, will there be a technical update soon?

The first auction will be next weekend or sooner. I will need to give some updates before the auction. So stay tuned.   
390  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 23, 2014, 03:38:20 PM
@utopian

what do you think about launching the pool asap.. before nem launches to obtain as much btc as possible and buy nem with it after launch and distribute the nem to miners proportionally based on the hashing power provided up until launch? this way we can also build up the hashing power so we have a large amount hopefully at launch and continue mining and then nem distribution can become autonomous?

The core team won't be able to do it. So it is up to our stakeholder community.
391  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [Ann] Safecoin maidsafecoin on: April 23, 2014, 03:20:18 PM
The website says, "To balance this, we decided to purchase all remaining MSAFE coins to ensure that backers who sent their bitcoins would have their orders fulfilled. This does mean that we can still accept bitcoin orders until the cut-off point at ~6000BTC." And they are at 5698 at the time of writing this.  Pretty amazing IPO.  https://blockchain.info/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E?offset=0&filter=0

6000 bitcoins. 3 mio usd. unbefuckingleavable.

do they already have a product, or is this all just a promise people invest 3 mio usd into?

They do have a lot of codes out wild now. Check their Github and I think that reflects a lot of works in the last 6-7 years. I think the tech is promising definitely more so than Ethereum. 
392  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 23, 2014, 02:31:15 PM

It has been done before. I think NXT has a multipool allthough I'm not sure it's already operational.

AFAIK UP came up with the idea initially so he should be on board. No idea what the rest of the devs think.

i think he means has a multipool been launched for a pos coin before the coin itself has actually launched.. could be wrong though.. by the way the nxt pool is officially launching soon and coming out of beta with 10% bonus for all miners a day!

I would personally support NEM multi pool since as I understand it would give miners automatous access to NEM without paying for NEM directly via an an exchange. That is a valuable service to NEM making it accessible to everyone with different tastes since I think some people are  averse to the idea of buying a cypto directly.

Green marketing ploy started with Peercoin people and continued by Nxt people but never actually caught on. imho, the issue should be rephrased better under the term of network efficiency. NEM network is more efficient than Bitcoin because it takes less power to maintain and still have the same level of security. The efficiency gain comes from utilizing POS/ POI foraging algorithm instead POW algorithm which consumes much more power at the same time gives rise to a computational arm-race whenever bitcoin price is increasing. So we can say the "green" aspect comes from the algorithm each network utilizes not really related to the method how an individual choose to obtain the coin.

I am interested in hearing other opinions but I would think a multi-pool could be considered an useful part of NEM ecosystem as much as an exchange is. But I agree with what someone said before that the multi pool idea will be less and less potent when more people are adopting it.

Anyway: just a reminder to all that stake-complaint thread will still be open until Friday to all refunding complaints (one week from the last update when the list was published). After Friday all refunding without a complaint would be final and we can move on to consolidate the final stakeholder list further and start to invite people in the waiting list to be in. Thanks.
393  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [NEM] ---NEM stake complaint, questions etc.--- on: April 23, 2014, 12:10:14 AM
"Encouraging" multiple buy-ins?  No, UtopianFuture wasn't doing that.  But allowing two, especially for a loved-one account? -- then yes.  This account has been on all the confirmed lists in the past from the beginning up to the one prior to this final one.    

I only reserved two -- one on CycleSurfer for me and one CycleSurfer360 that represents a loved-one account.  But no one can prove I am telling the truth just as no one can prove the likely probability that all humans on pages 1-80 have more than two accounts.  My complaint is getting dinged for being open and honest about the process while others are sitting happy with more than two accounts and NEM stakes.

More importantly, both accounts were on the first 20 pages of the original thread during the Klone NXT movement with posts on Reddit to show for it -- this is when (I believe) UtopianFuture was not worried about multiple accounts but wanted interest.  I hope UtopianFuture considers this.

EDIT:  Here is the link to the document showing both accounts on thread pages 1-9.
NEM ongoing stakeholder list at end of page 85 https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdDZ0amZpM00wQXhrR2lJM3pCOGRhNFE#gid=0; huge file 1379 stakeholders at the end of page 85.


Give me a day or two to collect all the complaint cases and then I will deal with them in a satisfactory manner. Thanks for your patience.
394  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 22, 2014, 08:43:28 PM
Which market has the thickest Darkcoin liquidity ? may buy some thanks
395  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet on: April 22, 2014, 08:35:50 PM

After today's events...  it really makes me wonder how fast the Ethereum IPO will go...    Roll Eyes

I prefer MaidSafe to Ethereum.
396  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 22, 2014, 01:00:28 PM
We have to delete: "Descendant of Nxt" in op. I theank that´s the reason most people think nem is based on nxt.

I already removed that subtitle when NEM evolved. NEM took some ideas from Bitcoin, Nxt, XCP etc. but both NIS and NCC are written from scratch.

this:
https://bitcointalk.org/index.php?topic=422129.0;topicseen

That thread was locked. Nothing can be changed except a total annihilation.
397  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 22, 2014, 12:39:13 PM
We have to delete: "Descendant of Nxt" in op. I theank that´s the reason most people think nem is based on nxt.

I already removed that subtitle when NEM evolved. NEM took some ideas from Bitcoin, Nxt, XCP etc. but both NIS and NCC are written from scratch.
398  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 22, 2014, 12:33:59 PM
I can't open "NEM final stakeholder list".Who can help me!

I can still open it. Check the first page for the link.
399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 22, 2014, 12:32:09 PM
I have 2 news for u - a good and a bad one. I was googling for Nxt and...

Good - I found references to NEM among the links.
Bad - They say that NEM is based on Nxt codebase.

If u have marketing team u should spread the word that NEM is not based on Nxt code, or u'll have a lot of PR problems in the future...

NEM does not have any marketing (yet). Everything now is about writing codes, defining technological roadmap etc.
400  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] about NEM New Economy Movement (everyone should take 30 seconds) on: April 21, 2014, 11:22:37 PM
Lol @ nxt and ripple

BTC and Ripple are suited for two different purposes.  BTC is a crypto-commodity. Ripple is a crypto-payment system.

NXT is designed to combine the best of the two and be both.

@2Kool4Skewl
This is exactly the reason why you also have a stake !?!  Grin

@ all. 2Kool is already very well-known in NEM-thread - he hates everything except NXT for what he is dying for.
Hope for you guy NXT won't die- otherwise we would surely miss you a lot!  Grin

I don't hate everything except NXT.  I said that I didn't think Nem's distribution was fair because some people received their stake for free and others had to pay.  Then, Utopianfuture started kicking people out if he or "the community" didn't like them.

isn't it because they are sock-puppets ?
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