Yes.  He could be presenting an unreasonable doubt defense.  "Who me?  I would never steal $300K when I already have two $million dollars", almost like the perfect crime and the perfect defense.   Too bad NxT is full of scumbags who utilized such defenses in the past.

 Especially when no one in the history of crypto has been busted for fraud (not that I know of), it's already an easy crime to get away with (look at Karpeles and countless others).  Only people who go to jail are people like Charlie Shrem and not for fraud but for drug related charges.

on dropbox no less, where any dropbox employee could had done it (although it was likely related to heart bleed).

Even one of those simple encryption done online probably could had adverted this.

We don't even know what was on the text file.  Maybe the person who took it had no clue what NxT was until he read the text file.  Maybe the text file was like

"NxT coin password: Blah Blah Blah"

even a lot of people are still oblivious as to what BTC is.

Well Pat - as I've said before, it's not clear to people whether there is a limit on the AE or not.  I was under the impression that limit of two tokens was lifted a long time ago (since it represents trading which would had happened if NEM launched), but there's some vagueness on that subject.

but the stored files were on drop box (open SSL) and Klee never changed his password after heartbleed.   It makes you wonder how someone so careless could be entrusted with that much money.   Klee not only lost his own money but he also lost the NxT's community fund.

That should be a lesson when NEM has its' funds that they need to be cold storage and require multiple layers of authentication involving two or more people before they can be moved.  If that can't be handled or done then arguably there shouldn't be any point in having reserve funds if they can't be secured.



 Never mind, it's open knowledge that any drop box employees can look into your files and I doubt their management cares if you steal "magic coin" (especially non-BTC "magic coins").  Heck the local police departments often have that "he stole your coins?  You mean World of Warcraft?" reaction to this crypto currency crime.

Code47 wrote what I feel about everything, even the cube part.

Why buy NEM if someone's going to take it from you?  We don't need that uncertainty.  We need assurance that the stakeholder list is final (barring some major abuse) and that any tokens we buy (1 or 100) will count as NEM at launch.

It's time we present confidence not uncertainty.  As we speak NEM is 25K to 27K NxT which is normal range but arguably it should be 32K if people weren't subject to these scares.

NEM is back to normal pricing range - I see sells around 26K-27K NxT


NxT losing 1.7 cents in a week is the culprit here.  The decline hasn't finish either.  Naturally that effects the $Fiat value of NEM.

Though there's a minimum threshold.  Like if NxT went down to 1 cent, NEM would probably hold steady at some certain point ($500?) Due to demand.

Is there a thread on this yet?

No.  They have real banks and real currencies.  Sure US and Western Europe might not take their money but the other 150+ countries in the world will.

It's traded in NxT not $Fiat.

NxT's price is collapsing because one of the original NxT whales (40 million) downloaded a keylog file and presumably close to 7 million has been dumped by a hacker so far and another 33 million will be dumped.   He had passwords to wallets worth several $million on a text file on his desktop.

https://nxtforum.org/general-discussion/price-speculation/5440/



This does relate to NEM as it is entirely traded on the AE and NxT's price changes has a huge effect.  A $500 NEMstake is possible if NxT continues to drop in price.

 

Mac Red was able to verify me

How did NEM volume fall to 1/3rd?  People holding during the storm?

As well - AFAIK - there was no rule saying you couldn't sell your own account.   There was one guy who tried before the AE and I think he got 3 or 4 BTC for it, but too long ago to remember.

It just doesn't seem particularly legit to try to sell an account, too much risk versus buying on the AE.

Well inflation has affected much of the middle class but it's generational - older people who bought homes before the 1990s are now sitting on $300K to $1 million dollar properties, since assets held their value against $Fiat and in some ways even went up in value (due to commodifying money).

This.  This makes the whole issue irrelevant.  

As well there's no conclusive proof that inactive accounts are sockpuppets.  There's many people who lurk and read Bitcointalk but simply aren't interested in any discussion on here.  The "call for participation" wasn't intended literally, it was legal wording to get out of any financial liability for running a securities.   While someone might not be active on Bitcointalk - they may be active on other social media websites or be really effective in viral P2P advertising.

My point is that we have too many "group 3", retroactively taking away their stakes (these people waited half a year) means NEM is going to create a lot of enemies overnight and I think that's more FUD worthy than any sockmaster boogeymen.  We know in NODE's case that (we take away the bull$hit intuition examples), they only found an extremely small number (compared to 1000 stakeholders) of sockpuppets.  So I stand by my conclusion that taking away stakes in mass is just going to piss off people and they'll be NEMs' worst enemies and they'll talk away any subsequent interested people.



The original issue here was someone scammed Pat of 6 or 8 tokens but that has nothing to do with sockpuppets, that was some guy who was looking up names on the stakeholder list and creating a copy cat name which look the same.

Then the people photoshopping banned photos to get NEMstake.

You know NEM must be really promising if people are resorting to weird ways to get it.


 

Some of NODE's methods were questionable . . . . (a lot of controversy on their thread over it) . . . even with the "intuition" (witch hunting) they only found a couple of sock masters and most of them only had 2 stakes (nothing which affected NODE's distribution).
 

NEM's call for participation was unprecedented.  Much like NxT's IPO was unprecedented.  Before that ground was broke - the way to get coins previously was to buy from the exchanges and that didn't require having an account on Bitcointalk.  I was able to buy Bitcoin and all sorts of alternates without needing a BTT account.



Many of those one posters are not necessarily second accounts.  I myself used to be a lurker (as in someone who reads but does not log in to post) on Bitcointalk until I saw the NEM registration.  There's likely a lot of lurkers who created an account just for NEM but otherwise haven't posted.

Personally, if it wasn't for NEM's thread, I likely would still be lurking.

The middle class and the upper class knows that, but many of the working poor do not.  Inflation is a tax on the poor, is the old saying.

This is true.  Until the second industrial revolution of the 1870s-1890s, mankind went through a quasi-stagnation of sorts since the collapse of Western Rome.



They had rudimentary computers and steam engines in Ancient Greece but nothing came out of it for over 2000 years.  A sword was a sword for thousands of years.  Knowledge like Damascus Steel and the Japanese Katana actually got lost.

  The Arquebuse was introduced in the 1480s and wasn't really outclassed until the Needle rifle which came 400 years later.  In agriculture, the scythe was invented in 500 BC and it was still being used as the principle agriculture implement until mechanization of farm equipment became common place in the 1900s.  Countless examples.


It may as well be another 2000 years until we get things like space colonization, faster than light, teleportation, et cetera.  Much like ancient Rome and Greece, we have societal factors at work which are largely inhibiting technological progress.

I sent you another PM, albeit your instructions you just mentioned here are not entirely clear.  You wanted us to quote what we received in our email?