Due to a recently-discovered flaw in the TLS and SSL protocols, you may want to change your password, especially if you accessed the forum using Tor. I just saw this headline. What happened?  |
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It's a bit too soon to be bullish about Bitcoin ever reaching $trillions, especially when it only has 500K-2M users and hasn't shown any indication of large scale userbase expansion yet. We don't even have the Yahoo of digital currencies yet. Internet in 1989 had more users than Bitcoin.
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haha Qora is the testnet of NXT. Finally it found some place.  that's what exactly happening  Qora needs to cut their losses and admit to being a $hitfork of NxT, because everybody knows it to be true. |
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Ethereum is another Suckerberg coin like Mastercoin and Max Coin, coins which spam the media with articles and YouTube videos almost nobody sees. They do this because there's a lot of incredibly wealthy people who want to be in on the "next Bitcoin", get persuaded by this junk and thinking throwing bags of money at a coin will produce subsequent bags of money. Classic rich man's ponzi scheme.
Never works, the people who bought Mastercoin would had made more off Doge. The people who bought Maidsafe would had made more off Darkcoin and other alternates. At best you're only making the developers rich with these Suckerberg coins.
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We had a thread about Bangladesh throwing people into prison for 12 years over trading BTC (even 0.01 will send you in). Remember it's Bangladesh - nobody is going to make it for 12 years in their prison. They throw you in prison in many countries to die and they either forget to feed you, beat you to death (or the other prisoners beat you to death) or you get some disease.
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reason to fear that Asians number 4 is that its pronunciation is very similar to the word "death"
Yeah they are quite serious about not using the number 4 in most of Asia. Won't find it at weddings, people don't release products containing the number 4 , refuse to live on a floor labelled as fourth, the list goes on. |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
But it may have a problem of a lawsuit by stakeholders who did not receive coins in the future when NEM value is incredibly high.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. Creating 8 billion NEM might be good, too. 8 is a good number and everyone's stake could just be doubled. Yes I wouldnt mind that, psychologically I would have twice the amount, Asians would like the number 8 , cmc wouldnt have an irregular amount to deal with and as Ive said before, with what we want for NEM then 8 B would be needed even although it can be split up. It's not really for coinmarketcap's consumption. Coinmarketcap would only depict the available number of NEM. So if we had 8 billion coins then 5.68 billion to 6 billion would be listed. 5 and 6 are still good numbers everywhere, I guess. The 8 billion would be for media consumption or when discussing the total supply. |
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If I had to choose between the 3.888-- billion and the 8 billion, I think I would go for the latter (the 8 billion). I think the 3.888 is too much of a mouthful / typefull and people would just round it up (in their head) to 4 billion.
I think the total supply has to be addressed because the origin behind 4 billion is a rather dumb story (as Eadeqa pointed out) and numerology wise it's a terrible number in many cultures.
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Yeah MintPal used to be pretty big? Wasn't it the #1 exchange for Doge? The irony, from the place we least expected it, seems like the more reputable exchanges are in China. Seems like all the exchanges based out of America, Britain and Japan are getting busted as scams (to be fair, the one in Japan was ran by a fat French guy and not a Japanese guy bounded by the Bushido code of honor  ) |
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Bumping this for visibility. Seems like what you wrote on the NEM forum is rather close to what I would write. This would be giving an incentive for unethical people to lie and claim stakes from forgotten accounts. If you lost both your bitcointalk account and your bitcoin / nxt wallet (which you used back in Jan - March to register) then we can't ascertain your identity and thus under no circumstances should you be given a stake. This goes for the forgotten accounts but the irony about this is, compared to NXT IPO, NEM CfP was technically more expensive. This is something people should remember if any Fudder said NEM CfP was free (it wasn't - the CfP as a percentage of the overall coin was more expensive than most new coins on Bitcointalk). $150 got you 50 million or 0.05% / 5% in NXT. Some NEM stakeholders paid up to $50 for their 1 million or 0.00025%. There's people who've paid above $1000 on the asset exchange and might even forget to claim. It's rather bizarre how little some people value their money. Re: Paragraph 1. Granted there might be a genuine case or two inconvenienced by this but remember we are talking about a scale of 3000, so it's immaterial triviality. Scale of 3000 means just about any story is possible. We probably already have a dead stakeholder already and don't even know about it. Please don't say Howi53, we know that he was online as recently as yesterday.  |
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Highly doubt bitcoin can go up more than 1000. There is no easy money in the world.
If the status quo persists then I agree with you. Only 500K-2M users and I haven't seen any indication of any large userbase expansion. The internet back in 1989 had more users than Bitcoin currently does. The number of new members here has been shrinking for a while too. Only 3800 people registered here so far in October. I know not every bitcoiner has an account here, but I'd imagine that many of them do. Most people do not use forums but it can be used as an example where userbase expansion is slowing down on here and thus it could also be slowing down in the real world usage. If someone within digital currencies can solve the mystery as to how to obtain exponential userbase growth (up to 200 million users) then they're going to be very wealthy. |
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Highly doubt bitcoin can go up more than 1000. There is no easy money in the world.
If the status quo persists then I agree with you. Only 500K-2M users and I haven't seen any indication of any large userbase expansion. The internet back in 1989 had more users than Bitcoin currently does. |
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So now its quite clear were the btc monsterdump to 300$ came from .... Very big coincidence How much BTC did you think people got goxed this time? |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
But it may have a problem of a lawsuit by stakeholders who did not receive coins in the future when NEM value is incredibly high.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture The number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. |
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Yes I'm one of the original stakeholders in NODE. The developers do not care about the capitalization.
Bad mistake - when was the last time you saw a coin with $hitcoin capitalization get resurrected or revived? Almost never - once something goes down to the bottom of the pale it's very difficult to get it to go back up.
It's getting to the point that I may have to soon click "next 100" (page 2) on coinmarketcap just to see NODE and once a coin ends up on page 2 it's never going back up.
Could be a Communism or the Tatar yoke thing but then I'm reminded that Yandex was able to overtake Google in that area, samething with VK overtaking Facebook in that area.
An Eastern European crypto currency should be able to supplant Bitcoin in the region and that should be motivation for you guys to put in the effort to get it to go there. Is it not motivation enough that you could be a billionaire someday?
The programming effort is there - the promotion and marketing effort isn't. That's why NODE capitalization keeps on going down & down.
"Useful idiots" (to borrow a term from Vladimir Lenin) like Greenhouse naysaying any valid criticism isn't going to fix NODE's declining capitalization, sorry to say.
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What about China's $23 trillion credit bubble?
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
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It's just you doing it. Well if the NEM community is going full retard bear mode - can it wait until after Columbus day? Gotta give us time to get more BTC for cheap NEM |
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Bitcoin dead! Only 300% return for people who invested last year! Worse than a 4%-8% return on a standard investment! Doom! Run for the hills! Run now and do not look back! |
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There's been a significant drop in the value of the coin since this discussion opened up.
https://nxtblocks.info/#section/assets_exchange/market/12465186738101000735(look at the trade history) Yeah that's because you just dumped a bunch for 33K NXT when the previous trade was 35K+ trade. It's just one guy according to the transaction ID. Don't fall for a manipulator. They dump below market price and make a post like "LOOK guys", someone needs to buy out this bear manipulator like that BTC bearwhale was bought out. |
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