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Oftopic:
Finnish-TV aired documentary about homophobia in Russia few weeks a go. I think it was filmed in Moscow by BBC. It was pretty disgusting to watch, because it was so clear that political institutions and police forces pretty much allowed hate crimes against gays.
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Is there any possibility to move these trading, conspiration theories and such a crap to the new topic.
I love to read real news about NEM development but this is gettin out of hand, could UP or somebody moderate this topic? I mean just move this nonsense about sockpuppet etc to new topic.
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To utopiannow:
There is allready marketplace section in btt, so i suggest you to continue your effort there.
Your whole story sounds shady and from investor perspective your actions seems two-fold.
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Both are good offers  but no thanks, I am holding mine for at least a full year  call me crazy but I really believe anyone selling their stakes right now will never be able to forgive himself when NEM becomes big. If NEM flops you are losing at most 50 bucks not a disaster if it succeeds who knows what it can be worth. Friends hold tight, help build the coin and we can all be winners  NEM has potential to become the silver to NXT's gold, just as LTC is the silver to BTC's gold in POW coins. Today, as I write: BTC marketcap is $7,352,253,598 LTC marketcap is $440,369,745 LTC has ~6% the marketcap of BTC I'm valuing NEM at 10% marketcap of NXT. With 4 times the coins for NEM over NXT, my offer is 1 NXT for 40 NEM. This offer is competitive, and risk free if you have multiple NEM stakes. Keep some NEM stakes, sell your socks, get a stake in NXT. Instant risk free profit. Send PM if you prefer. I really dont understand how u made these assumptions. So u just calculate NEM market cap without even knowing what the NEM would be after development process is done. There is a significant possibility that NEM could be more usable in terms of a currency (distribution, POI, etc). And based upon your willingness to buy shares even before launch, i highly doubt that you have calculated very different valuation to the coin. IMO it would fair to stop puplish these predictions, when the only purpose is to get cheap stakes and benefit on those. |
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I was thinking how we could exploit better that NEM community. I came up with idea similar than ongoing logo competition, but instead logos people can contribute to community via making different kind of marketing tasks. Ads, banners, t-shirt design etc. And only the best ideas will be granted somehow.
I'm pretty sure that people will come with great ideas and in any case, whether these materials will ever used, it will rise awareness about NEM.
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NEM with POI  |
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Interested, do we need Finnish translation ? I Could do it.
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 You guys are just hilarious, why on earth iceland gov would provide that icekey service to use in this case ? Got dammit is unbelievable to see such a many auroracoin groupies, this coin is obviously at least "murky". The air-drop sounds like a joke without any decent realistic way of distribute the coin. And from the basic economics perspective, what would happen to the price if supply suddenly explode ?
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GTFO with ur buy and sale chat!
There is a a trade section in [Suspicious link removed]o Please leave this topic.
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Funny topic, suddenly some somebody has just cloned idea of Auroracoin..
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Have watched how litecoin goes down from to november, so this btc-china news is quite relief!
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The Price will dump really big time when icelanders get them. Supply and demand, so simple. I dont understand how people miss that, basic economics for god sake. Google supply curve shift and see what will happen  |
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I can translate it in to Finnish!
I can help with marketing and logo design
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A lot of people are talking/dreaming about a future price (in fiat/btc) of NEM and the wildest predictions come to mind. Let's think this over in a realistic way. 3000 shareholders get about 1000000 NEM. The initial input/price was between 0 and 0.08btc. Let's take 0.04btc as an average. This means the initial value is 0.00000004btc. If NEM hits an exchange, unlike 'traditional' mined cryptocurrencies 4 billion 'coins' will be available instantly. Stakeholders ofcourse won't sell their million at this price. Some, however, will do so when they have a (nice) profit of, let's say 100-500%. This means that the market will be flooded by NEM at prices of 0.0000002btc. If NEM proves to be a better 'system' than NXT, this value could rise ofcourse but then it has to prove alot (good for businesses, handy, good clients (better than NXT). In order to do so, developpers will need bounties who are actually worth something. If you put NEM against NXT, a big difference is that NXT was the new innovative kid in town with 73 stakeholders who had huuuuge amounts of NXT and who could miss a few 100K NXT. This will be a real challenge to NEM, will the community (stakeholders) be prepared to donate a relative much more significant amount of their NEM (which won't be worth much initially) in order to develop the 'system'.
Enthusiasm and logo's won't cut it this time I think. A much bigger altruistic (read: sharing a lot of your NEM for the bigger cause and not haording them until they pay for your mortgage) effort will be needed.
Your thoughts?
IMO it will depend on the final number of stakeholders. If the final number is 3000, maybe you can distribute 3 billion NEM (that is 1 million per stakeholder) and to put the remaining 1 billion in some sort of community fund that can support bounties, development, long-term investments etc. That can help to reduce the pressure of the stakeholders to give significant amount of NEM coins to this project and that money can be reserved to trade it (either the currency or a commodity). If the team decide to distribute it completely, then as you said, it is needed a bigger altruistic effort. In my case, I plan to reserve a 50% for my personal use and give the rest to finance any project or fund that the community required. Of course, it is not a rigid plan and it will depend on the evolution of the currency I think bandar is correct. If i receive 1 million NEM, i will not be inclined to give a share of my stake so easily. In the opening post we have two kind of stakes: regular stakes en development stakes. So a part of NEM will be developed. But to continue and guarantee future development of NEM we need a development fund that should have a sizable stake as conbos suggests. A community committee could decide how to spend the funds. If we have a voting mechanism then the NEM community can decide who should be in the committee. But how is that necessary a bad thing? When people doesnt give their coins for free does it mean at the same time maube price will instead be higher and after that, less is actually more... I just dont get that concept, which you guys refer. We have allready 1500-2000 community, which i see an great advance looked from investment aspect. |
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A lot of people are talking/dreaming about a future price (in fiat/btc) of NEM and the wildest predictions come to mind. Let's think this over in a realistic way. 3000 shareholders get about 1000000 NEM. The initial input/price was between 0 and 0.08btc. Let's take 0.04btc as an average. This means the initial value is 0.00000004btc. If NEM hits an exchange, unlike 'traditional' mined cryptocurrencies 4 billion 'coins' will be available instantly. Stakeholders ofcourse won't sell their million at this price. Some, however, will do so when they have a (nice) profit of, let's say 100-500%. This means that the market will be flooded by NEM at prices of 0.0000002btc. If NEM proves to be a better 'system' than NXT, this value could rise ofcourse but then it has to prove alot (good for businesses, handy, good clients (better than NXT). In order to do so, developpers will need bounties who are actually worth something. If you put NEM against NXT, a big difference is that NXT was the new innovative kid in town with 73 stakeholders who had huuuuge amounts of NXT and who could miss a few 100K NXT. This will be a real challenge to NEM, will the community (stakeholders) be prepared to donate a relative much more significant amount of their NEM (which won't be worth much initially) in order to develop the 'system'.
Enthusiasm and logo's won't cut it this time I think. A much bigger altruistic (read: sharing a lot of your NEM for the bigger cause and not haording them until they pay for your mortgage) effort will be needed.
Your thoughts?
I dont understand how you compare NEM and NXT, how is that theoretically a good thing have only 73 stakeholders ? Markets will decide the price, when demand and supply met. So i just thought having 3000 "suppliers" at the beginning will presumably stabilize price volatility and growth rather than otherwise. Case of NEM is of course big question mark at the moment. But if the demand will be like in NXT, i do see an option that stakeholders valuate their NEM much higher at the beginning than 73 NXT early adopters. Though we must have really good "product" and hype behind it. |
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Any time-frame to the 2nd investment round? When it will start?
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Looking forward to get enlighting news! I suppose somebody gonna stream the event or atleast film it ? That would be great.
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utopianfuture, it sounds like you are the head coder? May I ask how much experience you have? Are there other coders on this project? I'd like to request an answer to this very basic question. Check the first page of official NEM topic, developers are listed etc. But as an answer to you question, UP are not the main coder, which he has said allready. |
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Any moron thinking that Ripple, Nxt, or any other commercially developed coin will ever gain ground against the endless army of free and happy bitcoin programmers and miners is really out of there mind.
Just like Linux or any open source based things ? I do not really think tha t any of these current altcoins will overcome bitcoin, but in future maybe someone will develope something really groundbreaking. Also if you think about open source etc out of your box, you surely would understand that avarage Joes doesnt give a jack shit whether it is used or not. I dont necassary understand what is the point in this altcoin, copycat etc discussion. Anyway the competition and free markets are allways good. |
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NEM & Devcoin |
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