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401  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 21, 2014, 05:55:58 PM
I occupy two entries in the final stakeholder list, #91 and #1824. It happened because I was one of the first who said «I love NEM», but then I desided to pay, just in case, to be sure.
If it means that two stakes were counted, maybe it is not accidental and may I ask you to give one to my friend shaktigami, she's in the waiting list:
https://bitcointalk.org/index.php?topic=467027.msg5858765#msg5858765

It happened to a number of people. I would ask you to consider the other small fee as a donation to NEM (or I could refund you that fee). Officially, no matter how many times and how much you sent from one account it only counted as one share.
402  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 21, 2014, 12:07:48 PM
Other ex-devs ( like J.L. from NXT) are already setting trust in NEM  Grin

NEM is in discussion in other threads outside our own, too. What a tremendous sign for NEMs interest in BTT.

https://bitcointalk.org/index.php?topic=576480.msg6311955#msg6311955

Ex-dev? I think you are wrong. J.L is the leading light for Nxt. I can't say enough good things about him (as well as Cfb and some other developers) and they are the main reason I still hold on to a chunk of Nxt.
403  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 21, 2014, 11:36:33 AM
Utopianfuture, I clicked the link on the OP of this thread for the final stakeholder's list and the link takes me to an unrelated post of  yours from April 17th. https://bitcointalk.org/index.php?topic=426303.msg6275960#msg6275960

My post was mysteriously deleted (didn't see any deletion notification) and I can't find it in my history of posts any more. Anyway I put the links up and will rewrite a more fully announcement later. 
404  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 07:53:23 PM
I remember he said he has a team. Maybe it is just you so I don't know. It doesn't matter because I already said I don't mind if he (or his team) has 5-10-20% or more of Nxt (this is may be sixteen times). It is certainly way better than giving 5% of Nxt to some random guy who think he is so smart because he just happen to be there at the right time.

Ok. Funny thing is that BCNext didn't even pay 1 BTC as he was going to do. Coz he wanted to have 21 BTC invested but another guy sent 1 BTC right before the funding was over. (It's according to his own words, there is still a possibility that he lied and actually owns 50% of the coins.)

I thought earlier that the 47 guy may have a connection with BCNext. Maybe not. I would rather BCNext has 20% of Nxt and being real instead of being a certain cult figure.
405  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 07:28:51 PM
BCNext was on the record saying sending 1BTC and he was on the record saying he has a team sending BTC in as well. If you are such a good historian you should be able to find the written texts. I already said I don't mind BCNext having 5-10% of more so you can chill on that.  

I'm reading this thread with interest. I don't get what is new in ur movement, but I hope I'll get it one day and will use it in my own coin (Qubic) if it has advantages over the old way.
I have a question regarding "a team sending BTC in as well". I consider myself as a member of his team and I sent 0.1 BTC. I think BCNext worked only with me coz he was very paranoid. Do u have a link that proves ur words? Exactly these ones -
Quote
...and he was on the record saying he has a team sending BTC in as well
I failed to find the proof.

I remember he said he has a team. Maybe it is just you so I don't know. It doesn't matter because I already said I don't mind if he (or his team) has 5-10-20% or more of Nxt (this is may be sixteen times). It is certainly way better than giving 5% of Nxt to some random guy who think he is so smart because he just happen to be there at the right time.
406  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 06:55:58 PM

Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders

No, he didn't, and that needed to be said given a lot of people bash nxt in this thread for "unfair" distribution which is a pathetically dishonest criticism as nxt IPO was open to anyone for 2 months and  Bcnext (the developer) didn't demand any extra shares for himself.

One thing we can say about nxt inventor: he wasn't greedy.

Doesn't he own ~5% of NXT?

No, as I understand, everyone was allowed 1 btc max investment. bcnext was not exception to that rule. The 1 billion nxt were divided among the investors. This is all public record and happened in the open forum. Unless he was using a sock puppet account to invest twice, there was no special "stock" for bcnext. https://bitcointalk.org/index.php?topic=303898.msg3254124#msg3254124


see this post in particular, where he laid out the rules clearly about "no developer/creator cut"

https://bitcointalk.org/index.php?topic=303898.msg3256852#msg3256852

Here is my perspective. If you open a a distribution round in one and half month and get only 71 people in which 8 people end up owning 40% of the supply. Then that was a disaster distribution and indicated incompetency. I don't know why you can be proud of it unless the person in charge of distribution intentionally did not try at all.

I believe this is what happened:  The first post was back in Sept 2013. The traffic in this forum   was 1000 time lower.  His account was new with no history, and in the second page of the thread someone claims "fraud". People were skeptical, traffic was much lower.  

I won't call it a "disaster" though as nxt by any standard is a success with more larger and very active community that grew rapidly.


I did not say NXT was a disaster. I said NXT initial distribution was a disaster. 
407  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 06:34:51 PM

Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders

No, he didn't, and that needed to be said given a lot of people bash nxt in this thread for "unfair" distribution which is a pathetically dishonest criticism as nxt IPO was open to anyone for 2 months and  Bcnext (the developer) didn't demand any extra shares for himself.

One thing we can say about nxt inventor: he wasn't greedy.

Doesn't he own ~5% of NXT?

No, as I understand, everyone was allowed 1 btc max investment. bcnext was not exception to that rule. The 1 billion nxt were divided among the investors. This is all public record and happened in the open forum. Unless he was using a sock puppet account to invest twice, there was no special "stock" for bcnext. https://bitcointalk.org/index.php?topic=303898.msg3254124#msg3254124


The question is does he own 5% ? not what's the rules of distribution?.  I don't mind he owns 5% or more at all but here you should answer the question instead of evade it.

There is no way to prove who BCnext is and what he owns. All we know  this is what  happened in the public forum

https://bitcointalk.org/index.php?topic=303898.msg3256852

where anyone was allowed to invest btc (cap was 1 btc) and all coins were distributed among the investors. The IPO was open for 2 months. There was no creator's cuts or special stakes for bcnext.

This is all public record.
 

BCNext was on the record saying sending 1BTC and he was on the record saying he has a team sending BTC in as well. If you are such a good historian you should be able to find the written texts. I already said I don't mind BCNext having 5-10% of more so you can chill on that. 
408  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 06:29:37 PM

Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders

No, he didn't, and that needed to be said given a lot of people bash nxt in this thread for "unfair" distribution which is a pathetically dishonest criticism as nxt IPO was open to anyone for 2 months and  Bcnext (the developer) didn't demand any extra shares for himself.

One thing we can say about nxt inventor: he wasn't greedy.

Doesn't he own ~5% of NXT?

No, as I understand, everyone was allowed 1 btc max investment. bcnext was not exception to that rule. The 1 billion nxt were divided among the investors. This is all public record and happened in the open forum. Unless he was using a sock puppet account to invest twice, there was no special "stock" for bcnext. https://bitcointalk.org/index.php?topic=303898.msg3254124#msg3254124


see this post in particular, where he laid out the rules clearly about "no developer/creator cut"

https://bitcointalk.org/index.php?topic=303898.msg3256852#msg3256852

Here is my perspective. If you open a a distribution round in one and half month and get only 71 people in which 8 people end up owning 40% of the supply. Then that was a disaster distribution and indicated incompetency. I don't know why you can be proud of it unless the person in charge of distribution intentionally did not try at all.
409  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 06:25:51 PM

Someone said earlier that BCNext was the fairest developer. That's not true. If he really didn't take more than any of the other stakeholders

No, he didn't, and that needed to be said given a lot of people bash nxt in this thread for "unfair" distribution which is a pathetically dishonest criticism as nxt IPO was open to anyone for 2 months and  Bcnext (the developer) didn't demand any extra shares for himself.

One thing we can say about nxt inventor: he wasn't greedy.

Doesn't he own ~5% of NXT?

No, as I understand, everyone was allowed 1 btc max investment. bcnext was not exception to that rule. The 1 billion nxt were divided among the investors. This is all public record and happened in the open forum. Unless he was using a sock puppet account to invest twice, there was no special "stock" for bcnext. https://bitcointalk.org/index.php?topic=303898.msg3254124#msg3254124


The question is does he own 5% ? not what's the rules of distribution?.  I don't mind he owns 5% or more at all but here you should answer the question instead of evade it.
410  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 03:48:49 PM
I feel something huge is coming towards us!  Grin

Good huge or bad huge?

It feels like a min. 40 000 000 $ market.  Grin

Btw.:
It would be very interesting to know current marketcap through our investments. Smiley

If everyone is getting involved, 40 million cap is no problem. If everyone chooses to sell half of their holding upon launch, then it will take a while to get there.

In the long term, it is all about what kind of technological products NEM can bring to the world and what kind of user adoption NEM community can drive forward. We have some cool projects post V1 blockchain, I hope every stakeholder can stay with the development team until then.  
411  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 09:17:59 AM
To be honest,it is really not a very good distribution.
1/2740=0.00036 and  ~but we (the core development team) will keep the promise of taking the maximum of 10% of NEM for personal compensation to deliver the community a complete NEM V1 blockchain. ~

10%? really?
Are you kidding me?I'm really disappointed and I will not buy any nem coins in the future.

10% for developers is a fair share. They worked hard and organised such a massive project and distribution. They deserve to be rewarded.

Yes, they wanted to get rich so organised this project. But they also create some money/btc for us for just trolling
10% =400 shake/5 or 6 =60-80 shake/person
fair?
We have only 1 shake but His cake is 60-80 times as big as mine.
Does that seem fair to you?



WTF

I made a promise to myself that I will act nice when it comes to things regarding NEM because I want to respect the movement. I'm going to say this as nice as possible.

You are not seeing the big picture here. You are very short-sighted. Missing the point in a very very idiotic way. Open your eyes and take the lint out of your ears.

60 times more for the CREATORS than the guy who just CAME to what these guys CREATED!!

That for one is the best deal I have seen. Look around, but follow my advice above first.

SMH

+1

10% shares for devs is ok and normal

NEM devs are taking smallest piece of (THEIR) cake in whole cryptocoin history

RESPECT

With all the nxt bashing, BCNxt didn't get any extra shares of nxt. He paid by the same rules like all the stakeholders, despite the fact he was the first to deliver second generation crypto currency.

Now talk about respect there.  

That makes nxt developer (BCNxt) the fairest developer in the history. No one is going to ever come close

You are day-dreaming.
412  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [NEM] ---NEM stake complaint, questions etc.--- on: April 20, 2014, 03:59:37 AM
Any news about my case ? i could check on my paypal the trans id if you need.

did you check the official list ? I thought you are in.
413  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 03:27:53 AM

I don't promise you any thing in particular. I said it okay that you can create an account for your friend. But you got it wrong when you think this is an investment while it never was. If you asked can my friend do nothing and not participate in helping NEM then I would say NO. This is not a hypothetical answer because it was indeed the answer I gave in one p.m earlier.

It should be very clear to everyone that NEM is now much bigger than it was in the first conception. It is a changing concept grown out of the stakeholders' contribution. It will be even much bigger later when the development team publish whitepaper, technological road-map etc. and other stakeholders join in. I will try to keep NEM evolve in that way.  

@Dave I never knew how many friends you have and want to create accounts for. I thought the question was for one friend. Anyway as I said your group of friends could get 1 or 2 stakes depending on refunding situation and I think you should take that.  

I'm not going to sit here and try to debate my case with you.

I know what was put on the table and you are backtracking on what was understood.

It doesn't matter, give me whatever stakes you can for the group and I will divide it amongst them accordingly.

That means that I will prorate their investment and refund whatever is needed to make it fair and balanced on my end.

At least I know I'm doing things right on my side, there's really no way to prove it because we are strangers online.


Exactly because we are online and communicate exclusively via written messages that you should really be able to prove it if I have in any way misled you to think this is a profitable investment or your friend should buy a NEM stake even he knows or care nothing about NEM.
414  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 20, 2014, 03:00:36 AM
I believe some of the confusion here is the conflict between older and more current versions of development updates.  There was initially like 8 developers but the list shrunk since February.

Right now I am almost certain it's just

Thies1965
UtopianFuture
LoiTran4
Krysto
Makoto1337

5 x 60 = 300, 300 being 10% of 3000.

As you can see - this is still 10% of the 3000 stakeholder figure or 1.8% per development of total NEM in circulation (3000 + 300 development stake).  As others had implied, if you wanted a piece of the Pie then you could had contributed between the months of February and April.

As for comparisons with other examples - I think they are all valid comparisons.  NxT, Mastercoin, Ripple, all had pretty lopsided distribution.


Maybe you have mis-read NCC specification. NEM core development team currently are

UtopianFuture: organization, technological road-map
Jaguar0625: core developer, NIS, NCC
Gimre : core developer, NIS, NCC
Makoto1337: core developer, NIS, POI
Thies1965: core developer, NIS, NCC
BloodyRookie: core developer, NIS
Krysto: NCC, web developer
TranLoi: NCC, designer, UX element

working parallel on two products NIS (Nem infrastructure server) and NCC (Nem Community Client) and of course a bunch of other things.
415  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 19, 2014, 11:33:30 PM
The deal so far has been very very good for a regular stakeholder. Each core developer will get about 60-80 times a regular stake but let me be frank if you are a helpful stakeholder who run a node and contribute to NEM marketing from times to times, a core developer contributes about 1000 times more than you do. And I only estimate that until V1 blockchain completed because if all core developers stay with NEM until NEM technological road-map being completed, they will contribute way way more than that.

I do my best to keep key developers staying with us for a long term and make NEM (and its ecosystem) the most advanced technological system possible and that would be the way to treat our developers. I hope this would be the message to all other developers out there as well. But not only NEM key developers would be rewarded monetarily, I believe we have a coherent vision and a technological road-map that would make NEM one of the most successful decentralized system in one year.

You should believe me otherwise you can leave and go after other blockchain such as Nxt, Nas, Blackcoin or whatever coin out there. Talented people drive technological progress and NEM concept of fairness is to set the incentive system in the right place. NEM system rewards people who contribute the most not to reward some rich investors or some lucky random people. If anyone fails to understand this point, he should consider leaving for the next fairest and free coin out there.

you started behaving like this coin is your property

Exactly, up until this point NEM (or its technological properties) belongs completely to the core development team. The system will start its own life only when the it officially launch and after that the community opinion could overwhelm one of the core development team. 
416  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 19, 2014, 11:30:01 PM
The deal so far has been very very good for a regular stakeholder. Each core developer will get about 60-80 times a regular stake but let me be frank if you are a helpful stakeholder who run a node and contribute to NEM marketing from times to times, a core developer contributes about 1000 times more than you do. And I only estimate that until V1 blockchain completed because if all core developers stay with NEM until NEM technological road-map being completed, they will contribute way way more than that.

I do my best to keep key developers staying with us for a long term and make NEM (and its ecosystem) the most advanced technological system possible and that would be the way to treat our developers. I hope this would be the message to all other developers out there as well. But not only NEM key developers would be rewarded monetarily, I believe we have a coherent vision and a technological road-map that would make NEM one of the most successful decentralized system in one year.

You should believe me otherwise you can leave and go after other blockchain such as Nxt, Nas, Blackcoin or whatever coin out there. Talented people drive technological progress and NEM concept of fairness is to set the incentive system in the right place. NEM system rewards people who contribute the most not to reward some rich investors or some lucky random people. If anyone fails to understand this point, he should consider leaving for the next fairest and free coin out there.
417  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [NEM] ---NEM stake complaint, questions etc.--- on: April 19, 2014, 05:52:51 PM
Hello, Just read i need to speak here.
I have a group of 14 friends ( includes their partners and such). We are all on the refunding list as the accounts are connected to mine. I understand you want to limit such accounts down. Could we be limited down to 5 stakes shared between us? I can provide proof of identity for these 5 people. What would be your decision on this case? would that be ok or would something else be more ideal for you?
Thanks

Edit: to be honest, the way things are looking we would even be happy with 3. At least that is something decent to share between us.

Any idea of what your decision would be here? I need to know how much money I need to pay back to them, if we are sharing I need to work out a percentage of refund to each of them (fiat). For the record I did let UP know about this long before audit, so I really would like to know whats happening.


If you do choose to allow us 5 stakes here are 5 of our account names. If you choose to give us less you can pick and choose who you want allow back on the list. Of course you may just say none..
Moloch, Spiritas , Jack skeleton, Leonardos, Asmodeus.

I find it strange that the majority of the shit storming is coming from confirmed stakeholders.

Give me a day or two to process all the refunding requests. I will get back to you soon. Thanks for understanding.
418  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 19, 2014, 05:38:12 PM
To UF:

I saw some of my clients on the refund list.

These are people I know in my personal life and I recommended investing in NEM for them.

I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.

They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.

They are as follows:

nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i

I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.

And yes I did create an account for each because that's how you stated I should go about investing for them.

Here is your original response:

Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).

1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.

Thank you for clearing this up.  I will get to it as soon as possible.

For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.

I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.

It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.

I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.

Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.

I still see no reply to my post from dev.

I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.

They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.

I have already been scammed out of BTC from other scam/fake coins.

If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.

The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.

In my defense, what I replied to you in my PM is a principle that you can create an account for your friend but even then I did not encourage you to enroll many stakes. I did not approve any thing specific or knew how many account you plan to enroll. On the other hand, the central principle of NEM fundraising is participation and 2 months so far all of your friends have done nothing and they all stay 1 post accounts. Are they going to set up nodes ? are they going to contribute to the "spread the words" campaign ? These are the things we take into accounts when I put these accounts on the refunding list.

I will see if I can accommodate 1 or -2 stakes so that your friend group can share and imo that's is enough given your friend level of contribution.

To all people in refunding list, please step up and complain and we will deal with all complaints on a case by case basis. After several days or when 20 stakes allocated to the refunding list running out the discussion will be considered closed and the all later complaints will be entitled to refunding. Also please don't pm me, post here or in the stake complaint thread instead, we will deal with like a community. Talk over the issues, deal with it in a rational manner ---> Win Win.

Regarding the refunding it is now officially open to everyone. I will try to collect all demands and make refunds every week (there is a column in the final list for that so the community can monitor). So far the none of NEM development fund in BTC address and NXT address has ever been used and it is not going to be used except to satisfying refunding request until NEM officially launch.    

Nah, you kept changing your terms weekly.

First it was a coin, now it's a union (this is cryptocurrency, not a labor movement)

You never mentioned they had to be active.

Then you went from OK for multiple stakes for people, to less than 5 stakes for people.

Now you changed your terms again.

Never did you mention they had to be active.

If that was the case, I would have just done what every smart sockpuppet creator does.

Get on the exchange > transfer directly to a new account

Then all I had to do was every few days post on this forum some useless post about helping.

But I decided to keep it transparent and so that you saw that the money came from my account and I was acting as a broker.

I kept my end of the deal, but you broke your end of the deal.

You made an empty promise.

You lied.

Too much wishy washiness.

The people that invested through me are not very tech savvy and have lives, not like us that spend 12+ hours on the internet.

Yes I wanted to run nodes for this project, I promoted to other people, got them involved.

This does not mean every single person invested will be active promoting NEM and helping.

Some of us will help, others will just be investors.  Thats the way it works when investing into companies.  Not everyone will be active.

I think UF is just trying to squeeze more money out of people by holding the "waiting list auction".

There is no need for waiting list, you have enough BTC.  Stop being so greedy, which is what you "supposively" are against.

Your actions say otherwise.

This is one of my BTC personal account 1KeZuWC7GHSQ949127UdFXyoTieGkzTroy. It has more than all the fund that have been raised for NEM. I am ready to push much more than that into NEM development. What is needed for NEM is not money but a supportive community and contributors. Nevertheless, more fund should definitely help to recruit more specific skill to the development.

As I said before while the fundamental principle of NEM has never changed, specific requirements do change and I am entitled to that change as I see fit for the network and still conform to the the fundamental principle of NEM. If you doubt that come back to read the disclaimer

Disclaimer:
- While we are committed to the idea of " Completely Fair Distribution - Equal Shares for ALL "; the fund raising terms are subject to changes upon the discretion of the development team.
- There is no refund. Nothing comes out of NEM's receiving addresses until the genesis block is launched. We are committed to move the project forward. However, in the unlikely event that the project disintegrates and no one picks it up, the remaining development fund will be sent to a charity of the community's choice.  
- No contractual promise is made to anyone.
- Be patient

The disclaimer applies until the announcement of the Development contract.

Thanks for allowing me to add another disappointment to the list of scams/disappointments in cryptoworld.

I have lost money already dealing with this whole scene, I thought NEM would be different.

It seems like this is just another "get rich scheme" thought up by some people on this board when they saw what NXT did.

This one just happens to be more elegant and better thought of scheme to put money into OPs account.

I'm done.

Next time, don't promise things and then backtrack yourself on your promises.

Some of us actually hold our promises to the end and follow a code of ethics closely.

I am someone who keeps his promises, now I have to backtrack and look dishonest in front of other people.

Thanks for making me lose money and have my trust level lowered with the circle of people around me.

I'm not a rich man, so it wil hurt my pockets when I refund and after all the BTC  I was scammed out of.

At least I held my end of the deal, you did not.

You gave out empty promises.

That shows your true character, you've just been doing this whole NEM thing as a way to get rich quickly.

Opportunistic is what this is called.

Are you angry because you can't have 10 stakes of NEM for yourself ?

I am disappointed, not angry.

I said I acted as a broker and we had cleared this up back in February.

I kept everything transparent.

The stakes are not for me, they are for people around me.

This is what happens when liars are pushed into a corner, start insulting and attacking without proof.

At least I have proof of your wishy washiness and how many times you have backtracked on your promises.

Maybe I have discovered your true purpose for NEM, it just happens that it took off bigger than what you expected and now you have to deliver an actual working product of quality, not just another crappy clone.

Again, these stakes were for people around me, thats why I contacted you in the first place to make sure it was OK.

I even kept the outgoing transactions transparent from my account so you would know I wasn't just trying to buy extra for me.

As stated before, all I had to do was use the exchange for the transfer to new accounts to hide it, but I didn't because I was acting in an honest way. I wasn't trying to scam for more stakes.

I don't promise you any thing in particular. I said it okay that you can create an account for your friend. But you got it wrong when you think this is an investment while it never was. If you asked can my friend do nothing and not participate in helping NEM then I would say NO. This is not a hypothetical answer because it was indeed the answer I gave in one p.m earlier.

It should be very clear to everyone that NEM is now much bigger than it was in the first conception. It is a changing concept grown out of the stakeholders' contribution. It will be even much bigger later when the development team publish whitepaper, technological road-map etc. and other stakeholders join in. I will try to keep NEM evolve in that way.  

@Dave I never knew how many friends you have and want to create accounts for. I thought the question was for one friend. Anyway as I said your group of friends could get 1 or 2 stakes depending on refunding situation and I think you should take that. 
419  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 19, 2014, 05:13:07 PM
To UF:

I saw some of my clients on the refund list.

These are people I know in my personal life and I recommended investing in NEM for them.

I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use.

They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin.

They are as follows:

nateM7654
annT78
camaronloco
mich38754
eylucu4531
michaelW8796i

I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene.

And yes I did create an account for each because that's how you stated I should go about investing for them.

Here is your original response:

Quote
Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).

1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM.

Thank you for clearing this up.  I will get to it as soon as possible.

For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience.

I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot.

It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems.

I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM.

Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM.

I still see no reply to my post from dev.

I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people.

They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back.

I have already been scammed out of BTC from other scam/fake coins.

If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product.

The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos.

In my defense, what I replied to you in my PM is a principle that you can create an account for your friend but even then I did not encourage you to enroll many stakes. I did not approve any thing specific or knew how many account you plan to enroll. On the other hand, the central principle of NEM fundraising is participation and 2 months so far all of your friends have done nothing and they all stay 1 post accounts. Are they going to set up nodes ? are they going to contribute to the "spread the words" campaign ? These are the things we take into accounts when I put these accounts on the refunding list.

I will see if I can accommodate 1 or -2 stakes so that your friend group can share and imo that's is enough given your friend level of contribution.

To all people in refunding list, please step up and complain and we will deal with all complaints on a case by case basis. After several days or when 20 stakes allocated to the refunding list running out the discussion will be considered closed and the all later complaints will be entitled to refunding. Also please don't pm me, post here or in the stake complaint thread instead, we will deal with like a community. Talk over the issues, deal with it in a rational manner ---> Win Win.

Regarding the refunding it is now officially open to everyone. I will try to collect all demands and make refunds every week (there is a column in the final list for that so the community can monitor). So far the none of NEM development fund in BTC address and NXT address has ever been used and it is not going to be used except to satisfying refunding request until NEM officially launch.    

Nah, you kept changing your terms weekly.

First it was a coin, now it's a union (this is cryptocurrency, not a labor movement)

You never mentioned they had to be active.

Then you went from OK for multiple stakes for people, to less than 5 stakes for people.

Now you changed your terms again.

Never did you mention they had to be active.

If that was the case, I would have just done what every smart sockpuppet creator does.

Get on the exchange > transfer directly to a new account

Then all I had to do was every few days post on this forum some useless post about helping.

But I decided to keep it transparent and so that you saw that the money came from my account and I was acting as a broker.

I kept my end of the deal, but you broke your end of the deal.

You made an empty promise.

You lied.

Too much wishy washiness.

The people that invested through me are not very tech savvy and have lives, not like us that spend 12+ hours on the internet.

Yes I wanted to run nodes for this project, I promoted to other people, got them involved.

This does not mean every single person invested will be active promoting NEM and helping.

Some of us will help, others will just be investors.  Thats the way it works when investing into companies.  Not everyone will be active.

I think UF is just trying to squeeze more money out of people by holding the "waiting list auction".

There is no need for waiting list, you have enough BTC.  Stop being so greedy, which is what you "supposively" are against.

Your actions say otherwise.

This is one of my BTC personal account 1KeZuWC7GHSQ949127UdFXyoTieGkzTroy. It has more than all the fund that have been raised for NEM. I am ready to push much more than that into NEM development. What is needed for NEM is not money but a supportive community and contributors. Nevertheless, more fund should definitely help to recruit more specific skill to the development.

As I said before while the fundamental principle of NEM has never changed, specific requirements do change and I am entitled to that change as I see fit for the network and still conform to the the fundamental principle of NEM. If you doubt that come back to read the disclaimer

Disclaimer:
- While we are committed to the idea of " Completely Fair Distribution - Equal Shares for ALL "; the fund raising terms are subject to changes upon the discretion of the development team.
- There is no refund. Nothing comes out of NEM's receiving addresses until the genesis block is launched. We are committed to move the project forward. However, in the unlikely event that the project disintegrates and no one picks it up, the remaining development fund will be sent to a charity of the community's choice.  
- No contractual promise is made to anyone.
- Be patient

The disclaimer applies until the announcement of the Development contract.

Thanks for allowing me to add another disappointment to the list of scams/disappointments in cryptoworld.

I have lost money already dealing with this whole scene, I thought NEM would be different.

It seems like this is just another "get rich scheme" thought up by some people on this board when they saw what NXT did.

This one just happens to be more elegant and better thought of scheme to put money into OPs account.

I'm done.

Next time, don't promise things and then backtrack yourself on your promises.

Some of us actually hold our promises to the end and follow a code of ethics closely.

I am someone who keeps his promises, now I have to backtrack and look dishonest in front of other people.

Thanks for making me lose money and have my trust level lowered with the circle of people around me.

I'm not a rich man, so it wil hurt my pockets when I refund and after all the BTC  I was scammed out of.

At least I held my end of the deal, you did not.

You gave out empty promises.

That shows your true character, you've just been doing this whole NEM thing as a way to get rich quickly.

Opportunistic is what this is called.

Are you angry because you can't have 10 stakes of NEM for yourself ?
420  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 19, 2014, 05:11:22 PM
@dave5555 if you found a word mentioning the term investment or IPO in two fundraising thread I will do anything you want. The fundraising has always been a "call for participation"
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