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1121  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 10:53:11 PM
I made some small changes to the front page to cover the sockpuppet case and add more fundraising history information. There will be several grammatical changes when I received the proofreading file from EvilDave. But at this point I would be very averse to changes in anything substantial in the front page. Any of such changes will be announced here for public reviews.

Also I am going to update the stakeholder list soon. Stay tuned.
1122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 10:47:29 PM
ff455047c6e0403a804ec402a8b2d4f75b46f64d33323b153c7ee5daa2ce2045
0.008btc

I am going to reduce your stakes to one account only if you continue claiming NEM stakes this way.

ok, I will stop. sockpuppet_5 was already posted, sorry. You have specifically allowed multiple claims so I did not think I was doing anything wrong. Too tired to think of groovy forum names today.

But I have not done anything wrong!! This is unfair!! Look at all the accounts with 1 -5 posts in this thread. There are dozens of sockpuppet accounts, just like mine, but you are banning me based on my choice of "account name" - that is acting like a dictator IMO.

The only problem with me is I chose a account names that you don't like, and you ban me!. DICTATOR behaviour. Please reconsider. I am a genuine person interested in NEM. These accounts are for people in my family. I chose names that are easy to remember.

You can't make up the rules as you go along.


No arbitrary rule of distribution. No dictator to tell you how to do things. The most egalitarian coin. Show your love to NEM.


4. How could you prevent multiple buy-ins ?

In short - multiple buy-in is allowed with multiple accounts. We want you to have the ability to buy a NEM stake for your loved ones, your friends so they could all join the movement but the development team reserve the right to refund you the money if an effort to unfairly accumulate NEM stakes is discovered.

My detail explanation and rationales are here
https://bitcointalk.org/index.php?topic=426303.msg4661493#msg4661493
https://bitcointalk.org/index.php?topic=426303.msg4671768#msg4671768



It appears sockpuppet accounts are OK, but we have to conceal them.

Sorry I made that statement too quickly, so when I think about it you are probably right. I posted your case here https://forums.nxtcrypto.org/viewtopic.php?f=58&t=678 . Let's see what the community has to say.
1123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 10:44:37 PM
Here is an interesting discussion. Could you guys chip in ?

https://forums.nxtcrypto.org/viewtopic.php?f=58&t=678

Let me know what you think.
1124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 26, 2014, 02:47:37 PM
Think about it. It is only half joking.

UtopianFuture's rules of crypto industry's successes :

1. Inventor of revolutionary and successful crypto is anonymous and not asking for money

2. Makers of crypto clones can be successful and and not anonymous if they don't ask for money

3. If you think inventors of successful crypto can ask for money and not be anonymous, see rule number 1


More bullshit from you.  Now you are trying to fear monger people into thinking that all  government is bad and we should never obey the law because...who the fuk knows why?  Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off?  Hell yes.  Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something.  You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency.  Frack you.

It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites.

Your content, vocabulary, and grammar all reveal an incredible lack of class.

So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public.  A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee.  Why don't you just raise 36.8 million who the fuk would notice anyways?  Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into.  You are not only rude and crass but you are ignorant as well.

A rule of thumb, any company that refuses to comply with regulations to save money or save in fees.  If it is that easy to deceive the government, how much easier to steal your money?  Companies that skirt laws from inception will never last long.

Rule number two:  Never fuckin invest a dime into a company when the principle owners dont have one cent invested.

Rule number three:  Trust but ALWAYS verify
1125  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 02:26:33 PM
ff455047c6e0403a804ec402a8b2d4f75b46f64d33323b153c7ee5daa2ce2045
0.008btc

I am going to reduce your stakes to one account only if you continue claiming NEM stakes this way.

ok, I will stop. sockpuppet_5 was already posted, sorry. You have specifically allowed multiple claims so I did not think I was doing anything wrong. Too tired to think of groovy forum names today.

No the spirit is one proper account/ one stake. Contact me so I can send you BTC back. You will only have the sockpuppet_1 stake.
1126  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 01:50:11 PM
ff455047c6e0403a804ec402a8b2d4f75b46f64d33323b153c7ee5daa2ce2045
0.008btc

I am going to reduce your stakes to one account only if you continue claiming NEM stakes this way.
1127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 26, 2014, 12:35:18 PM
I am three hours drive from New York. I plan to attend but I have a small baby so need to figure out how it is going to work first.
1128  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 11:52:35 AM
Hi   My name isn't showing on your stakeholder list (I don't think)

 I subscribed on page 50, post 992, transaction id 10517383118058995863

Many thanks  Smiley

Stakeholder list updated up to page 45 now. Next update is page 55. So you will be there in the next update.
1129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 11:44:10 AM
My MEME created and posted to Reddit on the Cryptocurrency forum for a stake from a MEME...

http://www.reddit.com/r/CryptoCurrency/comments/1w6riq/one_does_not_simply/




Nice one. Could you send this meme to our official reddit page http://www.reddit.com/r/nem/ ; try to put in in other NEM places also.
1130  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 11:20:06 AM
Hi i have send 80.514 Nxt from my dgex account and i donīt know who long it takes

I give you a copy of that:
2014-01-26 11:12:16         Withdrawal fee    -0.48600000
2014-01-26 11:12:16         NXT Withdrawal PENDING to 14343293611098709683    -80.51400000

Is it OK so i do not have a transaction ID

Regards

Next time if anyone sends a fee from an exchange, please include a screenshot. We need an easy way to verify that you actually send the fee and the above is not something anyone can verify.
1131  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 11:18:12 AM
As author of this thread wrote:
How to join after page 50. Two ways

2. Show support to NEM to join in  still the same as we need some more marketing effort.
+ Link this thread to any public forums or social media sites such as twoplustwo and Reddit ; Facebook ; Twitter; tennis, sport, fitness, Flickr, Pininterest etc. anywhere with decent traffic


I posted the new topic in CryptoCurrency reddit that has almost 7000 readers:
Link here:  http://www.reddit.com/r/CryptoCurrency/comments/1w6phs/nem_descendant_of_nxt_nem_new_economy_movement/


That's good thanks.
1132  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 11:11:45 AM
What happens to all the funds used to purchase stake?

if you have 4000 stakeholders as you mentioned, first 20 pages free, with .0001 btc afterwards, doubling every 10 pages, thats:

Code:
(400*0)+(200*0.0001)+(200*0.0002)+(200*0.0004)+(200*0.0008)+(200*0.0016)+(200*0.0032)+(200*0.0064)+(200*0.0128)+(200*0.0256)+(200*0.0512)+(200*0.1024)+(200*0.2048)+(200*0.4096)+(200*0.8192)+(200*1.6384)(200*3.2768)+(200*6.5536)+(200*13.1072)

Which, as you can see, is ridiculous.
Obviously doubling every 10 pages is not sustainable.

As well, we would need 200 pages to get 4000 stakeholders at 20/page. Are we really going to wait that long?
Having 4000 initial stakeholders is not realistic in terms of receiving payment details and coordinating payouts of stake unless you plan to automate the process somehow (Compile pages into text doc, parse addresses into database, automate send). Even then you could have problems.

Before this gets any bigger you need to clarify exactly what's going to happen to those funds.
If this is truly to be a fair currency for the people maybe they could go into an escrow account for dev support and feature/app bounties. That is just one suggestion of course.


The fee will not double up every 10 pages since after page 60 it exceeds 100NXT or 0.01BTC, I thinking of moving the fee on a linear scale after that. So the schedule would be 80nxt ->160nxt ->200nxt ->250nxt -> 300 nxt and increases 50 nxt every 10 page after that.  Firstly, we don't want the fee to be exorbitantly expensive for newcomers to join in; Secondly, the fee's main goal is not to maximize the development fund, it is not that necessary ; but the fee is set to establish initial value for NEM and encourage people to go outside and promote NEM to get a promotional stake which is more important because I saw a lot people sending money in but not enough promotional effort so far.

I think a page would get us 200 posts but probably around 150-170 stakeholders because people asking questions and I have to go around answer or ask them to move to the discussion thread. So yes, we would probably go on to page 200 and more but it would not take that long though because we went though 50 pages + in 7 days.

Now managing 3800 stakeholders (200 is in development stake) would require some intense manual works but we are prepared. I have assigned 10 people for this task (see in stakeholder list) and it could go up to 20 people if needed. I would need to trust these people though because they will handle transferring NEM stakes. So it will be manual work, not automatic but  it's already well planned. I managed to create the stakeholder list myself up to page 45 with close to 800 accounts; so it is not really that difficult.

About the fund, could someone provide an estimate how much we are going to get given the above fee schedule ? Similar as BCNext sitting on 10 million NXT common fund right now, I will control this fund myself until there is a safe way for the community to manage the fund; or I will transfer the fund to a person who I and the community trusts. Community should decide how to spend the fund.  

About exchanges: Peercover, Graviton many options; I have a plan but it is expected that NEMs should be traded fairly easy after the fundraising and the allocation. So stay tuned.
1133  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 03:42:59 AM
So will the devs contact the stakeholders true mail or?/

No we will make an announcement 3 to 5 days in advance and at that point you would need to PM us a certain password/ account/ or identification in your registered username account. I have a plan but I need to make sure it would work before announcing it. It would involve a bit of manual works but we have a team ready for it.

It is expected to happen shortly after the fundraising.

Announcement will made simultaneously in this thread, registration thread and in our forum

 
 

How do you mean password/account?! Then u have all my login information... and what kind of Identification? I send 20 nxt and copy past the transaction ID, thats enough right?

There are details I don't want to reveal yet. It would be very easy to understand and follow if you read the announcement. The risks that you will lose your stake are from:

1. You can't access to your bitcointalk account anymore
2. You don't read the announcement

That's all. If you can do these two above things you will get your stake. And no we won't have any personal information from you. Password means a random password not your account password.
1134  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 03:36:11 AM
So will the devs contact the stakeholders true mail or?/

No we will make an announcement 3 to 5 days in advance and at that point you would need to PM us a certain password/ account/ or identification in your registered username account. I have a plan but I need to make sure it would work before announcing it. It would involve a bit of manual works but we have a team ready for it.

It is expected to happen shortly after the fundraising.

Announcement will made simultaneously in this thread, registration thread and in our forum

 
 
1135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 02:46:34 AM
Hey all
okaynow set us up a Reddit page here http://www.reddit.com/r/nem/comments/1w4f4t/announcing_nem_the_first_egalitarian_crypto_join/ ; check it out and give us an up-vote.
1136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: January 26, 2014, 02:10:39 AM
even if you moved it, spam would find its way, and you would add extra work for the mods, pointless imo because haters will hate.
Maybe move the discussion thread there, now that it is still early?

To moderate registration thread because spammers may take up spaces for people registering. At this discussion thread, why should we care about spammers ? They just waste time. I will see if the spamming issue in registration thread needs to be countered.

Also please read though the front/ registration page and suggest to me what should be changed; grammatical errors etc.  We need it to look perfect before the media campaign. EvilDave did proofreading once but I want more checking. Thanks.

My position is: let the trolls come and post, self-moderating opens u up to all kinds of accusations and makes the whole thread less trustworthy and open. If we can't handle a bit of criticism, then we don't really have what it takes.

@ UF: I can have another, more in depth check and edit of the front page tomorrow (Sunday) if u like. Just say the word.

Dave, please do an in depth check the frontpage, you are the best suited to do so.

I think you are right. I am going to let the thread goes on.
1137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL on: January 26, 2014, 01:41:57 AM
The NXT teams declare :"there are three fatal flaws in the code"
can you explain us how to solve this ?


Please, go to the discussion thread to ask question. This is the registration thread.
1138  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 26, 2014, 01:01:51 AM
UtopianFuture's rules of crypto industry's successes :

1. Inventor of revolutionary and successful crypto is anonymous and not asking for money

2. Makers of crypto clones can be successful and and not anonymous if they don't ask for money

3. If you think inventors of successful crypto can ask for money and not be anonymous, see rule number 1


More bullshit from you.  Now you are trying to fear monger people into thinking that all  government is bad and we should never obey the law because...who the fuk knows why?  Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off?  Hell yes.  Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something.  You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency.  Frack you.

It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites.

Your content, vocabulary, and grammar all reveal an incredible lack of class.

So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public.  A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee.  Why don't you just raise 36.8 million who the fuk would notice anyways?  Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into.  You are not only rude and crass but you are ignorant as well.

A rule of thumb, any company that refuses to comply with regulations to save money or save in fees.  If it is that easy to deceive the government, how much easier to steal your money?  Companies that skirt laws from inception will never last long.

Rule number two:  Never fuckin invest a dime into a company when the principle owners dont have one cent invested.

Rule number three:  Trust but ALWAYS verify
1139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 26, 2014, 12:25:15 AM
You two keep hamming it away with each other, Personally I think both of you are a complete joke.  Anybody who hassles people for questioning the legitimacy of requesting 36 million online from complete strangers is either getting paid as a shill by the company or has no sense of reality.

You have to be fuckin absolutey living in a bubble for hassling people that are questioning the legality of a totally strange entity asking strangers on the internet based off a youtube ad to invest up to 36 million.  Why dont you sell your home and car and give them all of your own money before asking the bitcoin community to give them 36 million upfront with no risk.  LMAO you are classic, you must think everyone on here is dumb that questions their motives.  I think its the exact opposite.

Please leave. There is no value to your existence.
Why don't you leave?  What kind of idiot encourages people to invest millions based off a youtube ad?  What is the harm in demanding more transparency and compliance with regulations?  Do you buy a used car without checking the  the engine or if a guy tries to sell you a diamond on the street do you immediately pay him based on his looks?  I highly doubt it, even small investments you would take the time to check it out before you handed over a single dollar.  And here you are apparently advocating everyone in the bitcoin community to give these guys millions with zero transparency or insurance that they are in compliance with  laws. So if for some reason they disappear once the money is transferred what then?  You and everyone will start crying because you didn't realize what you were getting in to. ARe you going to guarantee everyone's money with your pitiful life savings?   Not going to happen to you right?  Sure when its not your fracking money what do you care?  But if you you were going to buy anything worth of any remote value you would make sure that you are not getting scammed.  In a public forum where your money is not at risk, now its ok to just plow million into this entity with absolutely no assurance of whats going on?  Hypocrite, lets see you do this type of business deal everyday in your business life.  You dont fukin care right now and talk shit because it wont be your money and if you do, it will be a small negligible amount.

Edit: read your previous posts, now it all makes sense.  You have a vested interest in this coin succeeding.  No wonder you made that comment.  Only a shill or someone with principal interest would damn someone for questioning why there isn't more transparency for an entity asking for 36 million from internet strangers.

They are NXTers. And low tier to boot.  They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.

30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.

LOL at all these requests. Here the disclaimer comes first. I am not investing a single cent in Ethereum for some other reasons. But

You guys are clueless about Bitcoin and crypto movements in general. Crypto movements  are grey areas, if the government understand them a bit more they will probably ban them outright. So you are pretty much on your own because you cant request them to provide you the impossible. If in the future Ethereum, and also NXT prove to be viable and working well; then all current fundraising, IPO laws, financial regulations, capital movement restrictions are  going to be re-written. If these laws hold strong, then that would mean all of these protocols will be banned. Either ways anything you are requesting now will be useless.

First rule of crypto invseting: only invest what you can afford to lose.

 Oh great thanks for clarifying things, if you say it, it must be true.  Believe it or not, there are rules governing crowdfundraising 36 million dollars.  Just because they are not complying doesn't mean they are acting legally.  And so nice of you to let everyone know you will nothing to do with this coin, but oh yea go ahead and invest as much money as you want because buyer beware.  That's not how it works in the financial community, It's follow all regulations according to your federal law regarding crowd fundraising, file the appropriate documents, get verified and bonded and then release full disclosure transparency to all interested investors.  They lost their small time, we are just coin devs privilege once they decided to fundraise 36 million dollars.  Now, yes they can skirt the laws and unless someone actually starts an investigation, they can get away with it.  But believe me, if they did not follow proper procedure and someone loses even a bit of money they can get sued or shut down by the government, doesn't matter what country they operate out of.  That's why anyone thinking of investing a sizeable amount should think twice before investing a dime presale.  If they get shut down, guess who is long gone with their bitcoins.  So yea you are proving my point, buyer beware, but if some strangers are asking  you for 36 million and a pot of gold, dont you think it would be prudent to ask for due diligence?  Is everyone so blinded that they are just willing to ignore a simple principle to trust but verify?  Sick people.


I am not saying anything about valuation of Ethereum. What I say mainly is about the nature of crypto industry which I think Satoshi, Sunny King and BCNext understand well but not the guys from Mastercoin, Protoshares, Emuine and Ethereum. This basis only is enough for me to not invest in these ventures regardless of the valuations.

@nesco1805 : No I am not confused about securities and crypto; Mastercoin, Protoshares, Emuine and Ethereum guys are confused between these two concepts; and you and gutshot5820 confuse yourself because you think these guys are not confused. 

  
1140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 25, 2014, 11:12:36 PM
You two keep hamming it away with each other, Personally I think both of you are a complete joke.  Anybody who hassles people for questioning the legitimacy of requesting 36 million online from complete strangers is either getting paid as a shill by the company or has no sense of reality.

You have to be fuckin absolutey living in a bubble for hassling people that are questioning the legality of a totally strange entity asking strangers on the internet based off a youtube ad to invest up to 36 million.  Why dont you sell your home and car and give them all of your own money before asking the bitcoin community to give them 36 million upfront with no risk.  LMAO you are classic, you must think everyone on here is dumb that questions their motives.  I think its the exact opposite.

Please leave. There is no value to your existence.
Why don't you leave?  What kind of idiot encourages people to invest millions based off a youtube ad?  What is the harm in demanding more transparency and compliance with regulations?  Do you buy a used car without checking the  the engine or if a guy tries to sell you a diamond on the street do you immediately pay him based on his looks?  I highly doubt it, even small investments you would take the time to check it out before you handed over a single dollar.  And here you are apparently advocating everyone in the bitcoin community to give these guys millions with zero transparency or insurance that they are in compliance with  laws. So if for some reason they disappear once the money is transferred what then?  You and everyone will start crying because you didn't realize what you were getting in to. ARe you going to guarantee everyone's money with your pitiful life savings?   Not going to happen to you right?  Sure when its not your fracking money what do you care?  But if you you were going to buy anything worth of any remote value you would make sure that you are not getting scammed.  In a public forum where your money is not at risk, now its ok to just plow million into this entity with absolutely no assurance of whats going on?  Hypocrite, lets see you do this type of business deal everyday in your business life.  You dont fukin care right now and talk shit because it wont be your money and if you do, it will be a small negligible amount.

Edit: read your previous posts, now it all makes sense.  You have a vested interest in this coin succeeding.  No wonder you made that comment.  Only a shill or someone with principal interest would damn someone for questioning why there isn't more transparency for an entity asking for 36 million from internet strangers.

They are NXTers. And low tier to boot.  They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.

30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.

LOL at all these requests. Here the disclaimer comes first. I am not investing a single cent in Ethereum for some other reasons. But

You guys are clueless about Bitcoin and crypto movements in general. Crypto movements  are grey areas, if the government understand them a bit more they will probably ban them outright. So you are pretty much on your own because you cant request them to provide you the impossible. If in the future Ethereum, and also NXT prove to be viable and working well; then all current fundraising, IPO laws, financial regulations, capital movement restrictions are  going to be re-written. If these laws hold strong, then that would mean all of these protocols will be banned. Either ways anything you are requesting now will be useless.

First rule of crypto invseting: only invest what you can afford to lose.
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