But it may have a problem of a lawsuit by stakeholders who did not receive coins in the future when NEM value is incredibly high.

Seems like a good compromise - would also suggest putting the deadline (the deadline before the fee starts being applied) in the title and OP of all NEM threads. Make it as hard as possible for those who don't claim to ever say they were treated unfairly, didn't know and couldn't have known without digging through tons of NEM posts/threads.

So you want people to buy nem on exchanges with a risk that anyone with access to BTT harddrive can crash nem? Why not put warning on top of client so people are warned that 500 million to billion mem can be stolen by BTTT owners? That way they are informed that nem is open to large theft before taking the risk of buying.

No, as we cannot launch when there is potential threat of large theft. Crypto transactions are irreversible. We can catch the problems before the launch and fix them, but we can't after the launch as then all transactions would be final. No launch until this issue is settled.

If you are that worried, even though they have a month of emails and warning, then lets delay the launch to December.

We cannot and should not launch a coin with potential theft of billion coins after the launch.

Why don't you think there is a not good chance that will happen? All BTT messages are archived on some hard drive. The BTT owner can already do that, so can everyone with access to that machine, not just now but someday in future one or two year from now.   How are you putting the entire fate of nem in the hands of people you don't know? Why the heck anyone should buy nem when it's fate  is totally insecure with future influx of "billion" nem from unknown people?

I don't care how long you want that wait to continue. Nem should not launch until this issue is settled.

They said they would offer a refund.

You keep ignoring the fact that leaving 100s of stakes open forever means that there is good chance someone with access to BTT server will have power to steal these stakes and kill/crash nem completely. How is that crypto?  The fate of unclaimed stakes must be decided before the distribution.

failing to collect something you have purchased does not equal the merchant stealing. if you place a deposit on an item in a shop, the shop will tell you that you have x days or weeks to pay the full amount or you lose the deposit. i dont see the difference. the people who joined this movement did not purchase coins because it was not an ipo. they payed a registration fee to join this movement so its not theft if they fail to be active and in turn lose the right to membership. this redemption of stakes can be considered more of a redemption of membership. if you fail to redeem your membership you lose the benefits of being a member - in this case it just happens that the perk of being a member is getting some nem.

' when they decide to check' .... I repeat, we cant dilly dally on our way.......

The New Economy Movement is on its way , we cant be dilly dallying.....!!!!!!!

I even disagree with the guy but am starting to feel bad for him.

I think this whole discussion is becoming a huge distraction. We will have another discussion with the dev team and try to come up with a plan or a solution regarding the unclaimed stakes problem.

Let's not get carried away and forget that beta and official launch are pretty close now. Both the dev team and marketing team are working to prepare some good stuff for the launch. As for dumps and other stuff, I think people will get a good idea what NEM is all about once we start delivering.

Still a long term goal. Still interviewing people to tackle the Hungarian and code the HYPER integration into the game. Slowly but surely making progress!


We certainly are. The HYPER Federation (http://twitter.com/hyperfed) is currently reaching out to a number of games and other services to expand the HYPER ecosystem further. We are in touch with many games and businesses but I don't want to announce anything publicly until we have finalized our partnerships.

Here is some of the latest big news from the press release (http://finance.yahoo.com/news/going-where-bitcoin-t-disruptive-105800834.html) and a HYPER update for everyone:

HYPER is designed to accomplish two things: to bring the world stable monetary growth outside of traditional banking and to be an open source currency catered specifically to the needs of game environments. Meaningless "High Scores" will soon be a thing of the past. Now gamers’ scores can have a direct, fungible monetary value: gaming is about to get a whole lot more competitive.

Games currently on HYPER servers:

- HyperZanda.com (a classic space MMO with a cult following)
- Counter-Strike
- Counter-Strike: Global Offensive (both CS servers have a monthly blitz where the top player wins 2,000 HYPER)
- Pokemon Minecraft
- @HyperTipBot on Twitter allows you to tip any Twitter user instantly in HYPER

Definite upcoming servers / games:

- World of Warcraft Arena monthly tournament coming very soon
- Team Fortress 2 server coming very soon
- Just Cause 2 server coming very soon
- Another Minecraft server is coming too.
- HYPER space MMO is a long term project

Prominent exchanges and payment gateways adding HYPER with Paypal and credit card payments:

In the weeks ahead, a number of convenient fiat and credit card payment gateways will become available, making it easy for gamers to buy HYPER with USD using any major credit card and PayPal. For the time being, U.S. exchange Bittrex.com is the most popular market for buying or selling HYPER (https://bittrex.com/Market/Index?MarketName=BTC-HYPER).

Soon, U.S. exchanges CoinMKT and AltMarket will also offer HYPER trading on their platforms.

iPhone and Android App Casheer will be integrating HYPER (please so OP for screenshots).

HYPER news and updates can also be seen by following http://twitter.com/hyperfed and http://hyper.cash/blog

The HYPER Federation also continues to also pursue more game and online business partnerships for HYPER.

As well as David Seaman (http://twitter.com/d_seaman) Justin Gliefer has joined our business development team in the US.

David Seaman continues to discuss HYPER extensively in his podcasts: http://www.stitcher.com/podcast/david-seaman-hour-full (here is the latest episode http://www.stitcher.com/podcast/david-seaman-hour-full/e/35640763?autoplay=true)

I continue to lead HYPER development worldwide.

Thank you everyone for your support. I will have more big announcements to make as HYPER moves forward securing even more exchanges, online games, and team members: as we keep expanding the HYPER ecosystem with more ways to play, earn and spend HYPER.

As usual, anyone can PM me with any ideas they have for HYPER game integration or to help HYPER grow. Would especially like to hear from people who would like to be game server admins, and game developers. Bounties are available

Damn, I got excited about this but then I saw they are based out of the US so that's definitely a NO for me.

Anyone know of a Bitcoin accepting VPS in a better jurisdiction?