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I saw this being discussed on a non-Bitcoin forum, so it could be FUD by them.  Still it's frightening that there's a chance that they are radically overhauling Bitcoin and apparently they can get away with this (what happened to BTC being decentralized?)

https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/


The allegations I read on other websites is they effectively they want to hard fork Bitcoin and make 1 Bitcoin = 1,000,000 Bitcoin and change the symbol to XBT.  There's also allegations that they will be screwing with the public ledger and gifting themselves and their friends free coins.

I saw this being discussed on other websites, so why isn't it being discussed here?  

Why are people claiming that funds going into an investment asset would "disappear"?  It would still be there on Coinmarketcap, just under the asset page and hosted by NXT until the NEM asset exchange goes online.

I read through each paragraph and I feel most of us probably agree with this.  Too much liability in holding huge amounts for people who may never show up.

I put it through word count and there's only 818 stakeholders who registered, plus the other 700-something who had claimed tokens.

So we are looking at only 1600 stake-tokens so far but there's still 2/3rd of a month left.  Might end up with 600-800 unclaimed stakes.  NODE had 200-something who couldn't complete the steps to claim their accounts and they had a distribution around 1000.


Unlike NODE, a PM was sent for NEM which notifies them both on BTT and on the registered email they had used to register for BTT.

Then people ask how is this possible?

Nature of mining has changed significantly.  It used to be low overhead miners mining from bedrooms.  Now it's guys who spend $60K a month in electricity and have huge factories full of computers.  A lot of these industrial miners came online in 2014 and the more that come online the more the price drops.

 So the difference now is that these coins go to a few people and they have to dump most of them to pay for their overhead.

Then there's also dumping from BTC whales, previously hibernating from 2009-2013, who've been spending like drunken sailors too.

What sort of compensation do you guys need to work fulltime?  As I understand most of you happen to live in developed countries with a high cost of living. 

I don't think competitive pay is possible yet because of the limited funds, low capitalization at the moment and the possibility that withdrawing large amounts of $Fiat would hurt NEM capitalization.  Maybe this could change years later?



What if you all relocated to place like Soukanville and you could get your living expenses or compensation down to $500 a month?   I bet you are already all saying NO but that's an option.  There's already many western expats and even some IT people in Cambodia as you can live for under $10 a day and still eat and drink out.  Maybe you could all get apartments nearby or live in a big party house with a private chef.   Cheesy


If I recall those Bitcoin dark wallet people are living in an illegal squat in Spain and are dumpster diving for food, so it could be worse.  Cheesy   Not even sure how they intend on making any money from that wallet so I guess it's some lifestyle choice.

Daily mail is more like tabloid.

There's been blackhat professionals targeting all the crypto currencies.  So yes somebody using TOR has probably been banned from trying to brute force the website.

Forking NxT?

Well you may have had hit the submit button too many times or there could be another explanation.

Probably the way to fix this is to contact Patmast3r and look up one of those websites on Google: "what is my IP" so Patmast3r knows which one you are on the list and he might remove you?

Because of Bluemeanie1's  (Moneroman88) involvement in Monero, I am pulling out.  I thought the Monero community had higher standards than to associate with thieves.

Well..  did you spam the captcha?   

Fair enough, I think the outcome of this discussion is similar to the NEM official forum (give aways probably won't happen?)

Yes.  I paid $Fiat at the time for something that had a value of $0 at the time and wasn't guaranteed to go anywhere.  Probably comparable to getting into Bitcoin in 2009.  I have skin in the game in that I could had used those funds for other coins and that I almost had to wait 9 months for NEM to launch.

You mean worthless like NxT where, as soon as there is any price building or recovery, the whales start dumping?  

NxT was pretty much one big give away to 8 wallets who obviously don't care about NxT's longevity as indicated by all the dumping they do.


I would rather see someone get $500 and do something for it unlike the typical NxT whale who did virtually zilch and received $millions overnight.  Of course someone like you would shoot down my idea like someone creating a video saying why they want to be a part of NEM.

What was the results of Stellar?  Their available capitalization is only $3 million something.

It's actually pathetic when we consider they had these private investment funds invest up to $3 million (artificial buy support)  It actually cements my belief that nobody is interested in a centralized crypto currency or a ponzi scheme ran by wealthy investment funds.

It's great that  you two were able to get a free give away but for each person like you there was some blackhat hacker with hundreds of fake Facebooks or some guy manipulating poor people in India to give up their Stellar.

 I saw a Stellar rich list only weeks after it started and there were a lot of people with tens of millions and/or millions of Stellar (when the give away initially was only like 10,000 and quickly dropped down.  How does someone get the equivalent of a 1000 give aways so soon and easily?)

That's why you can't do Facebook or Twitter give aways because there's all these Blackhat professionals these days who would game it.

Vitamin D levels?  Dude lives in Arizona and has a German surname.

Funny thing you mentioned this but rates of mental diseases like schizophrenia is higher in developing countries with plenty of sunlight



I think you meant depressed and I don't think Bluemeanie1 is depressed.  Depressed people pretty much shut down and sleep all day, not really the type to steal 1 million NxT and to run a crusade.

Greed as the other guy suggested isn't classified as a mental illness (or is it?  Not a Doctor).  Like I said Bluemeanie1 rationalizes his 1 million NxT as it "just showing up in his account" and him refusing to return it as he isn't under any contractual obligation to do so.

Of course would this hold in court?  I'm sure the Lawyers would argue that there was a contract the very moment he initiated that thread and accepted NXT in return for a promise to provide a service.


Of course you are dealing with some guy on the internet who may not have any assets.  He may have a $30,000 mobile home but he could have a mortgage on that property.  Even if that house is completely in his name it's probably not worth enough to pay all the legal fees and damages if the court ruled against him.

Sounds likes your chances of getting your money back from Bluemeanie is actually pretty slim.  You really think he would cough up the password for his NXT wallet?  He seems like the type who thinks he can keep the password a secret, come out of prison some years later and walk out rich.  

Promotion.  I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".

These people would make these videos to get 500K.   Maybe the most popular respondent will get 2 million NEM?  As an incentive to make a video and to get views.

Or there could also be video contests too.