Nailed it. Anything else would've been an impossible endeavor.

Although i agree, in the end the NEM distribution is still plenty adequate in my eyes - sockpuppets or not. I don't think anything released thus far is comparable.

In the end, despite even the most honest and thorough intentions, socks and greed will always prevail. Wealth always accumulates into the hands of the few, often because they're the most determined to obtain it. I think it's just a symptom of human nature; we can hardly prevent this.

It's the thought that counts once everything is said and done, and this alone is worthy of merit. NEM's distribution has been the best i've seen so far. 26 stakes by one holder is disheartening, yes, but compared to the IPO of things like NXT, they still won't have anywhere near as much influence as what one of their initial stakeholders do. I think it was determined they'd need 100 stakes or more to have a similar impact.

In fact this is what makes Bitcoins distribution so admirable, at least in the early days. On release, anyone with a PC could mine. But now people have access to ASIC's and greed has already set in and made people buy GPU farms, any PoW coin release is never going to see a distribution like Bitcoins ever again. Ironically, it's this centralization of mining power that also poses a threat to the entire PoW model (51% attack). It would also explain sentiments such as this: http://www.reddit.com/r/CryptoCurrency/comments/2a2on3/soooooo_what_the_hell_is_happening_with_this/

It's why i see coins like NEM (And yes, even NXT) an unmissable alternative.

I don't quite understand your stance against this.

Considering it's already come to light that some accounts may be sockpuppets, it's important for it to be investigated further just out of principle - provided it's not something thats taking up Dev time.


Frankly, if this goes by ignored, i'd wager it would come back to haunt NEM later down the road and would make perfect troll bait.

I propose we use an image of satans face. Given the trend conspiracy theorists will probably just dismiss it as a goat.


Seriously though, dunno why people get their panties in a twist - people will always see something there isn't, people will always be upset in some way or another.

Personally i found nothing wrong with the dev made logo, but then i also have nothing against the cube either. I wouldn't recommend people fret over what conspiracy nuts or religious nuts think of it.

Yeah. In the end though, the wealth will always be centralized in some form or another. This is no fault of NEM, this is just how currency works. This by no means is to say a fair distribution isn't important; as it is, especially in NXT's case.

Thing is, NXT should've made more efforts for a wider, fairer distribution considering it's "Proof of Stake" nature - it's adoption by more people only serves to immediately enrich those who first got on the bandwagon by rising their stashes value. Not only this, but they're also forging more coins because thats how Proof of Stake works.

It's like bitcoin. The only difference being Bitcoin's hashing power isn't consolidated into those who hold the most Bitcoins (Unless they've invested into mining tech). Neither of which are ideal. Alternatives to these currencies is why i got interested in NEM. If nem rewards those who spend, and not horde, as a currency it's going to do very well. A currency aint worth nothing if it's not being used for purchases and trade.

Yeah. My point is though is that many crypto's may claim to be an alternative to fiat currency, yet lack the very basic (Yet crucial) features required that make it viable in the first place. Lets say NEM did become a success - i don't want to have to manually initiate every payment to each service i may be paying for.  Really, that was my point

It's this lawlessness that makes it the lucrative market it is. Remember that.



Back on subject though; I've already thrown this idea out, but i want to again because I don't think anyone paid it any mind:

Are there any plans to put into the NEM wallet, a means of setting up regular payment arrangements? Similar to some features most of us get with our own FIAT banking system (Direct debits,  Automated Clearing House, etc)

I have yet to see this feature in any wallet before, and i think it's absolutely crucial in order to make a crypto a regular, convenient form of payment. It's beyond me why developers focus on messaging in wallets when it's a service people won't pay for when alternatives outside the blockchain suffice, and are free (Email, Instant Messaging, etc). I'd say lets focus on making it a competitive currency with features that mimic, rival, and exceed the systems we have today.

MT Gox always made me suspicious. Glad i trusted my intuition.

Well i sincerely hope come NEM's release we'll have solid enough code and a good enough community to withstand any attacks.

I remember all too well the ordeal NXT had, as well as DGEX when it came to attacks not just in terms of FUD, but also in terms of network attacks, both ddos and other maliciousness against the currency.


If NEM causes a big enough stir, it's also going to get big enough attacks from those who deem it a threat to the current status quo of currencies.

This is why i'd like to see some big initiatives to help people set up clients on various platforms. I for one, will be getting a Rasberry Pi or two just in case.

This. Yes please.


I sincerely hope we can see a number of guides to help people set up the client on a number of different platforms, especially as release draws closer.

Kudos to you guys, this is very good.

What about node uptime? Say, those of us who intend to run a client on rasberry pi - if it's continuously online and doesn't see hardly any disconnects (after all, electricity can go out, phonelines can go down, bad weather, etc) will this factor into its POI score?


Thanks.

Thats great. I'm sure the initial Sync will speed up as the client becomes more optimized and bug free anyway. So thats no big deal.


Think a few Pi's will be on my to-buy list in the not too distant future.

Hey guys.

Just wonderin'; would it be possible to run the NEM client on a rasberry Pi to act as a node?

See, this is the problem i have.

Most women don't want nor need to be stereotyped. Not all women like pretty pink dresses, or shoes, or shopping.

This whole discussion is unnecessary. Some women -- just like some men -- may have a presence here on this forum thread, others may not. There's no reason to make an issue of something when there really isn't one to begin with.

In fact, whats more important, is that the NEM project remains unbiased or indifferent to either gender in it's style and appeal - just as most crypto's do (Unless it's Wankcoin ) This way it keeps it's potential appeal much broader and doesn't create confusion with it's image by tailoring it to different genders, which i'd bet would just simply turn people away from it.

Overall, just avoid the mess, keep NEM neutral, and march on.


This.

How do we go about making it welcoming to women?

This is where i have a problem.

Thing is, women arn't from Venus. Any woman with a head on their shoulders knows NEM, or any crypto, is likely a very good idea. I see absolutely no reason why gender should even be a part of the equation. All it serves is to unnecessarily divide people by focusing on their differences. It just so happens right now, there's perhaps more men then there are women - this is not a fault of ours.

Gender wasn't even an issue for me till i saw the discussion earlier. As far as i'm concerned any number of the users on here could be male or female; neither of which makes the slightest ounce of difference to me, because it's not important.

Sorry but i find this rather pathetic. If anyone is prepared to go to such lengths to see something that isn't there, then thats their choice (religion is, after all, notorious for this). Doesn't mean the development team should pamper to it (and therefore justify/encourage the behavior)

ultimately, people, for whatever reason, are always going to be upset. It's the way it goes. Devs need to decide who has legitimate criticisms and act accordingly. This is an example whereby it isn't legit. By pussyfooting around such silly things, they're only going to waste their time and damage the project, and it's reputation (as sane individuals will be scared off - who would participate if devs havn't got their priorities straight?)

Personally i like the Logo, it's the colors i question - seem to remind me of lego's and that really isn't something i deem serious enough for a coin. Although this is nitpicking a little.

In the end, i'm not too fussed as overall I do quite like it.

Personally, I see your points.

The NEM distribution will be exploited, but I think to a lesser extent. The purpose of the rules were to make unfair claims harder or more troublesome - everyone knows people will attempt to work around it. Thats greed for you. Additionally some people are more prudent with money, others not so - eventually some will acquire alot more coins than others. It's just the way of the world and it's why i get rather annoyed when people preach "Decentralized" when ultimately the wealth always becomes centralized. Again, not that this bothers me, it's a fact of life; what bothers me is when people intentionally mislead others with this decentralized argument.

The thing is, in light of what NXT is - Proof of Stake - Distribution should've been a far, far bigger concern, as those with the most coins can forge more. Ultimately the entire concept just lets the first holders richer because while more people buy in, not only does the value of their stash increase, but they're also forging more coins to add to the pile. For them it's a win/win.

I quite like NXT to be honest - as anything that breaks away from the PoW model is a good thing in my view - but PoS doesn't do it for me. NEM's PoI is by far the most interesting concept.

You can't mine it no - this is not a PoW coin (thankfully).


NEM will be a POI coin (Proof of Importance)whereby, and i quote:

Hah, thats great. Although i can't say i'd recommend queen for any "professional" marketing videos, doesn't mean i don't like them. I love myself a bit of Queen.

Nicely done, cheers for sharing this.