With this in mind, i sincerely hope there will be guides for people who wish to set up nodes.

As i said in a previous message; i'd like to support the network by purchasing a few banana Pi's to help support NEM. But i would need some guidance to get it up and running as i'm somewhat unfamiliar with the OS's they use.

Sense, it is spoken here.

I would like to nominate patmast3r (https://bitcointalk.org/index.php?action=profile;u=230980) of NEM (https://bitcointalk.org/index.php?topic=654845.0)

For his work on NEM - there has been no greater community and developers who have provided such an incredible platform that holds such promise.

http://cointelegraph.com/news/112914/regulations-will-be-used-to-prevent-mainstream-adoption-stefan-molyneux

This article expresses alot of the concerns i have for NEM, especially as NEM is a more open and transparent currency, I do think if it ever had the opportunity to play with the big boys in terms of value (Fiat, Bitcoin, etc) It would find itself in the exact same position as bitcoin - pushed to black market trade (And I view this as a good thing). It's a cruel world and NEM is going to have to take the gloves off to get by, just as what Bitcoin did and is doing.

I always envisioned NEM being firstly marketed as a movement (After all, this is how the "IPO" went) as a sort of protest against a dishonest monetary system - so in my view this is probably the best way.

By the way, i edited my post you first replied to

Short term value doesn't bother me for precisely the reasons you've stated. Short term, it's going to see values comparable to most of the other currencies out there - pretty darn low, way lower than what it's truely worth. NEM's true value won't be realized until we see people trading services and goods for it, and new tech surrounding it. As you said - it's at this stage NEM is most vulnerable from whales, of whome can buy it up and toy with it as they wish.

Marketing is also a driving factor. When you think about it Bitcoin was marketed brilliantly - in fact, so good, it's what gave it the success it has today. It convinced people that they could turn over profit simply running their PC's, and most people own one these days. NEM needs a similar drive in order to see wider adoption from the masses. It's important NEM gets distributed as widely and quickly as possible.

This is why i think a NEM mobile app is essential. You can effectively do what Bitcoin did but emphasizing on low-power needed, all on devices everyone owns - mobiles. Far more common than your desktop PC.

Bitcoins model is now outdated, and a select minority control a sum of the hashing power of which undermines it's initial appeal, pushing out the little man and further centralizing distribution.

Their mining power is centralized - it wasn't in the early days because it was a new concept, there was no king(s) of the hill at that point, at least not by any large margin.

Mining is now an industry in and of itself. In some ways this is a good thing as such groups/companies now so invested into it also help to sustain Bitcoins value, but it's not good for new PoW coins as all it takes is a few big players to jump on the bandwagon and pump and dump it into oblivion - as they do, consistently, all the time. The little man cannot compete with that.


It's really hard to get an unbiased opinion on this subject, but this is genuinely what i think is the truth and it's what attracts me to projects like NEM, especially as NEM had a very low fee for the "IPO/Call to participation" which did not exclude anyone because of costs.

True. In fact i recall seeing a documentary of an individual living on a remote island with islanders who basically operated on similar principles of communism. What i took from this documentary was the reason why it worked (and it worked wonderfully) is because of trust - people in close knit communities don't have the issue of trust because they generally know eachother. They can trust not one group or individual is going to be selfish and directly (or indirectly) steal the wealth of the people. In a nutshell, it requires everyone think the same (Hence why if they don't, "force" is required to put them in check - totalitarianism).

When we're talking nations; well, thats a whole different ball game. People are more content to steal and mistreat strangers then they are those they know. After all you "Don't shit where you eat". It's why an elite get the wealth of the majority, and the majority live "equally" piss broke. It's communism gone bad, very bad - just as what we live in today is capitalism gone bad due to dishonest currencies.

For small communities, i think Communism works well, anything bigger - no. Out of the two evils, i'd choose the lesser one; Capitalism, with honest money.

You're right, and i think equality does the opposite of what wealth does - think about it. If everyone had an equal share of something, making them all equally wealthy, they cease to be wealthy - anything considered valuable will be something everyone else lacks. It is very much like communism in a way - lovely on paper, but in practice, it doesn't work because it directly conflicts with the nature of markets, wealth and even human nature, it's why i think such countries that adopt this approach tend to turn totalitarian; because it can't keep human will in check, and it refuses to accommodate to it - this is wrong, markets are there for us, to tailor to us. NOT the other way around.


I think equality on an economic scale just will not work, ever, period. However, in NEM's case it was equality in opportunity - everyone getting a fair chance to invest within acceptable, obtainable means. The initial "Call to participation" did a very good job of this, even after we had Nemstake on the AE. This is what the equality in NEM is about (At least, this is what it appears to me).

Aha, thats brilliant. I love attention to detail to such things. It's certainly something i'll look for once i get my hands on these rounds.

Makoto - will we be able to buy said coins on the release of NEM with our own nem coins?  I very much would like a few, but aint got the funds for a few months at least yet.

Seeing as the design isn't finalized yet, perhaps this might interest you:

https://www.youtube.com/watch?v=sgHvU0IQYM0

I Do like the "Wealth cycle" symbol, perhaps this would have a place on NEM.

I very much would like to get some Pi's myself to help support the network. Sadly i don't know the first thing about setting it up - anyone fancy writing a tutorial on the nem forums? Prwetty pwease?

It wouldn't surprise me at all. Lets just hope they get their facts straight before they write up any articles

This is probably the biggest concern I have with it. I do find myself asking though; where was everyone during the vote who are against this change?


I admit, this is probably the soundest decision to be made in these circumstances.

I'm not sure what the big deal is about this.

I think alot of people are scared that raising the limit to 8 billion is going to negatively impact the value of what they'll own - when they should know this will go unchanged, it'll simply just scale.

I'm in NEM for long term, so whether it changes to 8 billion or keeps it at 4 is of no concern to me - i see pro's and cons to both decisions and really i think either one isn't going to hurt.

Nailed it right here.

I did direct investment. Fortunately it was a miniscule sum - easily something i can afford to lose (hence, me directly investing).

You mean Unencrypted, right?

Absolutely, friggin' spot on.

The devs are going to have to look deep, really make a hard decision that truely benefits the project, because there will be alot of people who will be biased for their own gains - even those once thought of as prudent and honest. Baring in mind what you said, I propose that devs take things discussed with a pinch of salt.

Oh the hypocrisy of someone from NXT preaching what is "fair". Lol. Hilarious. The FUD'sters are still coming out of the woodwork i see.

They're going to have to try harder than that.

NEM has broken the mold with it's distribution model, not perfect by any means but perfection is quite a difficult thing to strive for in such a FUD riddled market. The NEM dev's have done some exceptional work and I know it's only the beginning.

I think anyone here knows that sock puppet masters are well aware of this, essentially all we're doing now is feeding troll bait.

tbh, the measures the NEM devs took to root out sock puppets i think have displayed for all BTT users how manipulated and controlled these markets can be - any new coin that doesn't implement measures to catch such underhanded, selfish acts is destined to be another coin ran by puppet masters.

I'm glad the NEM devs took these measures. Thrilled, even.