I think Makoto can be a bit of an idealist.  In practical terms nobody is going to scour the universities to shake up students who are busy with assignments, midterms and finals.  This is something that already had been in *cannot be mentioned* alternate which has been hitting up Prague's universities for talent and hasn't had any success.


Given the current capitalization and funding the best way to get funding is to advertise actual employment to developers in cheaper cost of labour countries which Nemsters have connections.  This means countries like Vietnam, Philippines, China, Ukraine or even Latin America.    This means online job postings and somebody would have to play human resources.

No boiler room (slave labour) developers as this is the new economy movement and we should be supporting "fair trade developers" (like fair trade coffee) and it doesn't cost that much to provide a middle class livelihood in a lot of those countries.

Yes & No, at the current capitalization that is likely true.  On the other hand Bitcoin is $4.4 billion and Gavin is only making $180K-$200K as its' lead developer.  Technically a pittance as his counterpart in an actual $4.4 billion company would be getting all sort of equity options and other compensation pushing him way past that figure.

 Of course if NEM is a success and is worth $billions then it's possible the current developers (if they stayed on) would volunteer to take a $1 salary without alternative compensation just like Steve Jobs from 2003 until his passing.

http://en.wikipedia.org/wiki/One-dollar_salary

So how many legs of mine will they break if the confirmation takes 30 minutes or more? 

 

Apparently content enough that they cannot be bothered to get a Bitcoin wallet.  I've been to several developing countries and even in the towns and villages there was somebody with internet access and a computer.

You can even find pictures online of makeshift internet cafes in refugee camps and squalors.

Bankers are not popular on this forum but most of this is about commercial bankers like Goldman Sachs and government central banks.   Granted our neighbourhood banks are also producing some inflation but we ordinary persons at least get some tangible benefit from them like financing & credit and safe accounting.


While you are being a sour grape it seems like most people are welcoming this Fidor development on other websites I've read.  As Rockethead wrote: 2 million unhappy people want decentralized accounts while 7 billion are content with centralized accounts.


The biggest hiccup with digital currencies is people think it is unsafe and they'll lose their funds to a hacker, a hard drive crash or the theft of their computer by a burglar.  Heck what if your phone is your wallet and you lose that to a simple street mugger or you accidentally dropped your phone into the river?

This fear is essentially removed if a regulated reliable bank will hold your coins, has more SSL than the SS themselves and will reimburse you in event of a freak hack or fraud.

This is in nutshell why the original banks were formed, to protect people's money and later on they evolved to provide services.


When I think of digital currencies only having these 2 million users (at best) when the technology should be used by 100 million to 1 billion, I think it's worth a chance to give these third party crypto banks a chance.  It's quite possible mainstreet will never come into digital currencies until they think it is a 110% safe to deposit their earnings and that level of safety / guarantee is likely only possible through a regulated crypto bank.

Not even close.  There's multiple vblogs which claim the cost for Bitcoin security is actually $680 million a year.  Something like $2 million is mined everyday and like 80% of it is dumped to meet the overhead of production (electricity, factory space, new hardware).

This cost for security will only increase exponential alongside the growth of Bitcoin.  So $10K Bitcoin might mean security cost exceeding $10s of billions a year and this would all go to a few mining professionals who might be dumping 80%-95% of that.

Not when you consider the distribution breakdown of Bitcoin.  Most of the funds are held by very few people (or even lost wallets), so it doesn't make any sense for them to champion or empower another alternate currency when their gains would be higher just from hodling Bitcoin.

Not that it really matters as the real persons behind Bitcoin is only 500K-2M million.  Bitcoin with such a small userbase will likely be replaced by another coin better at promotion and userbase expansion and the biggest Bitcoin holders will be denial and would refuse to move over and even would FUD that currency as much as possible.

Construction only employs like 7% of the workforce and these jobs aren't even particularly well paid to begin with.  Apprentices are making under $20 and ticketed tradesmen under $35 a hour.  Then the work is very seasonal so there is no such thing as 365 days of pay.  Benefits and pensions?  What are these strange alien things you speak of?

I find most ticketed tradesmen I know don't even work in construction or even utilize their skillsets.  You might have a carpentry or an electrician ticket but if you work at the warehouse or docks and forklift shit all day at some union job then you're technically an over-educated warehouse / dock worker.

Credit & Financing came before the existing fiat systems.  Credit & Financing is something which goes back several millennia and it is a requirement for most entrepreneurial activity.    You need an institutionalized middle man to do risk assessment and to loan out capital to entrepreneurs.

Where the enslavement part comes is the lack of sound money and the subsequent inflation & stagflation.   

Do we actually have to keep on downloading these things or does our monitor update?

Already lost a testnet account with like 8 million NEM in it.   

Australia, Canada and Singapore would never sign treaties like this because their economies are based on rich immigrants who made their money from tax evasion, money laundering and corruption.  Ironically these people do create a lot of jobs for locals like the construction boom and even healthcare.

Now Estonia, Ireland and Latvia being on the list is questionable as those countries really need money and there's a long list of rich people around the world who would love to live in those countries as long as the government turned a blind eye about where their money came from.


What this has to do with Bitcoin?  Probably nothing as Bitcoin is only like 500K-2M users and doesn't really register.  99.9999999% of tax evasion and money laundering is done in $Fiat.

Same $hit everywhere.  In every country there are neighborhoods where it is not safe to be a man prancing in the streets wearing pink thongs.  I do not speak from experience but stating common sense.

No idea.  It is not written anywhere.  All I see here is a date of November 22, maybe the day after on November 23 is when coins are sent out to launch wallets?

You're missing the point there shouldn't be "IPOs" on this website or on the NXT forum.

In real world most companies do NOT have an IPO like IPOS are done here.  Most IPOs come after a proven business model, a working product, et cetera - look at Alibaba or Facebook.

Where you looking at p0rn that you weren't supposed to be looking at?   

Have you seen the SuperNet?  Show me a link where it's functional?  Why have an IPO for something that's likely being coded in some basement somewhere?

The IPO thing on Bitcointalk is highly illegal and unnecessary as most of these coins and services are being programmed in the proverbial basement.

Who ever  goes to jail over there?  I mean both the Visa Coin scam where a guy in China made $300K off idiots on the internet or these $hitcoin developers who get up to $1 million, or these services developers making up to $2 million and never deliver.

Those capitalization are derived from calculations based on the advertising worth of each customers and so on and so forth.   This is same about PayPal where their capitalization is derived from the transaction fees they generate from acting as a middle man payment processor.

Have to realize we are dealing here with digital currencies which operate more like traditional assets like Gold & Silver.   500K-2M Bitcoin users were able to produce a capitalization of $15+ billion in last November.  Any digital currency which has 100 million users would probably be worth $Trillions.

To put into perspective dot.com late 1990s was worth $7 Trillion and only 130 million people had internet access at the time.  

So the SuperNet stuff is the next wave of fad coins / fad developments?

Buy now before it's too late!  The developer needs a $2 million IPO because the Ferrari doesn't buy itself!!

Precisely.  The Bitcoin Foundation is anything but a foundation but a little trade association which hides in their own little corner of the internet.  It's best for the Bitcoin developers to ignore them and continue relying on their own medium of communication.

Syria isn't third world dumb nuts.  Syria before the civil war had a higher income per capita than a second world country like Ukraine.

Really you are a moron.  There's nothing right about the artificially inflated real estate in the first world -especially when those properties only decades ago were bought with the equivalent of a few years' salary