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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 19, 2014, 10:46:17 PM
It's not like the 10% will go to 5 or 10 people. We have 35 people on NEM ecosystem board alone and still every talented developer is welcome to join. I don't really count on getting extra shares but I will buy them off non-believers for sure. So go ahead and dump it into my pocket.


Can anyone confirm this number? I am assuming the community prefers there being a large number of devs for the 10% to be divided amongst. better for ~300+ stakes to be divided amongst 35devs than 5devs Smiley
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 16, 2014, 07:33:15 PM

I have a different conceptual roadmap. What's more feasible and even more desirable is to push the frontier in the direction of a complete re-imagination of money and banking system. To do that we need a careful examination of all the functions that banking system have advanced since the birth of the modern banking system and to see How a decentralized framework can better them in efficiency and transparency. These are the works I have been doing (conceptualization) and imo that would make NEM distinct from all other competitors and projects. I can't go into more details but here are some areas that I hope NEM would pioneer: re-imagining personal loan, re-imagining FICO, re-imagining social lending etc.  

This is great, I see the direction and endorse... Excitement turnt up!
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: April 14, 2014, 11:49:39 PM

If you could not be bothered to read that.........


NAS distribution  is  WAY worse than Nxt's distribution. The giveaway means nothing in real terms.

Someone needs to release a nxt clone that does not allow 11 people to hold 71% of the coins.... how difficult can it be.

It is copy pasted post from other thread.
Sorry, I couldnt resist. I dont wanna newbies getting burned and got in pessimist vibe, when NEM is released.



Im pretty sure the distribution model is one of the main reasons newbies are drawn to NEM. I think in the long run for mass adoption of NEM - initial distribution most likely wont be of a conern as it is in the initial stages. Ultimately, features and functinoality of NEM are of the utmost importance. If its all about short term returns  then I have no problem with a newbie being pessimistic and selling to persons who believe in NEM and its future.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread on: March 31, 2014, 07:06:23 PM
I waited what impact will have releasing of NXT code. The community thought that it will drive the price up, but in reality it did nothing for NXT, just many people trying to copy it. They didnt, but I heard those people saying they are not going to copy NXT code because it is strangely written.
Not sure how important releasing of code is, but think we should do something to prevent copying it.

First rule of economy says that resources are limited, thats what gives them value.
NEM must be valuebale. I totally stopped caring for 1.gen crypto, just because how much of them is in existence. Dont let that happend to NEM.

You're right the source release had no positive effect for NXT regarding the price. I think that witholding however did have an effect - a negative one.

Nxt didn't have "negative" start. They had the biggest gain in the history of ALTCOINS, ever. They turned 21 BTC to almost 100,000 BTC. The prices have dropped since releasing the code. If there was anything that had negative impact, it was the fact that it was different and required exchanges to do some work to add it -- not a single exchange that eventually added Nxt cared about code. Cryptsy owners still seem to think it's closed source, even though he added it to cryptsy.

Things have really changed in the last 2 months. It's much harder now to distinguish yourself from hundreds of coins.  Every week there are dozen more crapcoins released. I think you will find it will be hard this time to convince outsiders why they should even care about Nem when 100s of other coins are around. If you make it even more diluted with Nem clones, that will be just bad.



@Eadeqa as stated by @utopianfuture on the NEM Promotion Trello board yesterday:

"NEM is not a coin. NEM is more like a new technological platform which takes a huge amount of effort and time from core developers to create. In a technological sense NEM platform is not that different from Android or Facebook except that NEM infrastructure maintenance would depend on a decentralized effort...."

NEM is vastly different from those "crapcoins" you mention. Yes, it will be difficult gaining the audience of "outsiders". But with our community of 3000+ we'll get it done.

5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM -4 billion coins- Equal Shares for ALL - Registration thread (part 2) on: January 31, 2014, 02:02:35 AM
Hi, 350 NXT deposited

Transaction id: 15675566138308276395
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