Why is Nem growing so fast?

[willowfoot]

If I remember rightly distribution to regular humanoids was somewhere around the 71% mark.

https://forum.nem.io/t/nem-distribution-stats/811

How do we know they aren't Sybils for the same entity? How do we know they didn't sell cheap to the manipulator?

See I think the bottom line value will be the actual technology of the project. The price will rise high and then crash to the true value in the project.

if the value only lies in the tech, why does bitcoin have a ~10 billion market cap?

I can clone bitcoin right now.  It's about usage and adoption.  

Something that NEM has done fairly well under the radar. Testing with real world companies and banks ...  

[LemonAndFriesOne]

If I remember rightly distribution to regular humanoids was somewhere around the 71% mark.

https://forum.nem.io/t/nem-distribution-stats/811

How do we know they aren't Sybils for the same entity? How do we know they didn't sell cheap to the manipulator?

See I think the bottom line value will be the actual technology of the project. The price will rise high and then crash to the true value in the project.

if the value only lies in the tech, why does bitcoin have a ~10 billion market cap?

I can clone bitcoin right now.  It's about usage and adoption.  

Something that NEM has done fairly well under the radar. Testing with real world companies and banks ...  

This is correct, a lot of techies fail to recognize that the simplest of solutions to crypto coins is making a simple coin anyone can use.

Instead they add all these crazy features and whistles but the average individual can't even get a wallet to start.

NEM is for the masses, not just those who roam in these boards.

[gentlemand]

Instead they add all these crazy features and whistles but the average individual can't even get a wallet to start.

Maybe it's just me but I find the NEM wallet a major pain up the arse to operate. All sorts of clacking and whirring and things stopping and starting. I'll happily switch to a lightweight wallet when it's widespread.

[iamnotback]

NEM is for the masses, not just those who roam in these boards.

Please explain how NEM can scale to 1000s or millions of transactions per second?

What features does NEM have which make it the coin for the masses?

1. NEM doesn't have any new technology. It is a rehash of same old technology.

2. NEM's price is being manipulated to the upside as of this moment by someone with control over most of the float.

1 was wrong

2 was uncertain

1. I was correct.

2. I'm certain. See the 16,000 BTC daily volume on a $123m mcap, versus say for example 276 BTC for Monero on a $17m mcap. That is the manipulator buying from himself.

[ashapasa]

Price may be manipulated who knows, but pointing at volume makes no sense. $10 million trading volume is very good. It's much greater than lite coin although litecoin has higher market cap and is a quarter of ethereum who has a billion dollar cap. All I can conclude with volume is that people are selling a lot yet price is stable or rises that only points towards high demand.

[shyliar]

Hired the ETH marketing team.

[nzminer]

Hired the ETH marketing team.

I suspect a high amount of ETH dumpers are putting their funds into NXT and XEM after the DAO hack...

[LemonAndFriesOne]

Use some common sense:

If it was a pump, why make it 8 billion coins? Why not just make it 10 million or even 3 million, etc and pump from there.

Dear people, this is probably the one coin that is actually having a natural growth, all these scams have made many of us skeptics of crypto world.

[yefi]

I'll say this, a coin that (a) goes up 8-fold in 10 days adding $100M to its market cap and that (b) can't be shorted is (c) a prime candidate for a crash.

Hired the ETH marketing team.

lol.

[Nxtblg]

I'll say this, a coin that (a) goes up 8-fold in 10 days adding $100M to its market cap and that (b) can't be shorted is (c) a prime candidate for a crash.

Well, it has stalled at around 2000 sats. NEM often stays stalled after a big run, but this time may well be different. We'll see.

[patronis]

Hired the ETH marketing team.

I suspect a high amount of ETH dumpers are putting their funds into NXT and XEM after the DAO hack...

I could believe this. Wish I had gotten in on the action earlier...

[stealth923]

Cant wait until the pump team decides to dump on everyones ass - this is going to be the biggest knife drop ive seen in a while.

There just isnt enough liquidity in the order books to get their profit target yet....

[nzminer]

Hired the ETH marketing team.

I suspect a high amount of ETH dumpers are putting their funds into NXT and XEM after the DAO hack...

I could believe this. Wish I had gotten in on the action earlier...

I know what its like, ive missed out on many, but this seems like my lucky turn,  all i know is i wish i could predict the markets.

I think alot of weak hands will sell soon, but im in it for the long run, i predict the market cap will reach the same as BTC in a few years.

[iamnotback]

Use some common sense:

If it was a pump, why make it 8 billion coins? Why not just make it 10 million or even 3 million, etc and pump from there.

You need some sense. Manipulation is not done by issuing a larger number of official tokens. Please re-read the link you were provided by me upthread:

https://bitcointalk.org/index.php?topic=1413819.msg15390617#msg15390617

Whitepaper is very well written. Finished reading it today.  See here: http://nem.io/NEM_techRef.pdf

Except that it is all fluff and not substance. For example, Proof-of-Importance is just a way of repacking Proof-of-stake to fool investors:

https://bitcointalk.org/index.php?topic=1413819.msg15400658#msg15400658

Also they claim mass adoption goal, but can't explain why technically they should reach that goal:

https://bitcointalk.org/index.php?topic=1529039.msg15401240#msg15401240

[iamnotback]

Cant wait until the pump team decides to dump on everyones ass - this is going to be the biggest knife drop ive seen in a while.

There just isnt enough liquidity in the order books to get their profit target yet....

It would probably be better if the developers were the manipulators if you trusted them to only use manipulation to support the price and not to wreck the coin.

I explained at the following link that if your developers don't manipulate, then a whale can buy cheap as the token flounders:

https://bitcointalk.org/index.php?topic=1413819.msg15400907#msg15400907

So who is the manipulator of NEM? Who acquired most of the tokens?

[anycoin]

Been with nem since the start and it has been really good to me!

Not planning on selling my stake yet, been patient for 2 years already, can wait a bit longer. Just wondering how high this can go.. Growth seems a bit too fast now imo.

On the other hand, it was probably severely undervalued compared to to other coins so it may just be correcting to where ot should be priced.

I tried to be like you, except I missed the email where they said that I can only claim my stake for another month or two... and now boom, nothing for me.

And I am not alone.

And to top it off, now they deleted all my posts on the forum, and blocked all my IPs, even blocked the whole domain to which my email address belongs.

That does not sound like a healthy community - who would rather censor, than discuss, and who would rather cut off, than work with.

They might have short term success, but in the long term someone who has more integrity will bypass them, unless they can still fix it and unless those who got stakes can work out a way to give back to the others who also invested but did not get stakes because of poor administration in administering the stakes.

[LemonAndFriesOne]

Been with nem since the start and it has been really good to me!

Not planning on selling my stake yet, been patient for 2 years already, can wait a bit longer. Just wondering how high this can go.. Growth seems a bit too fast now imo.

On the other hand, it was probably severely undervalued compared to to other coins so it may just be correcting to where ot should be priced.

I tried to be like you, except I missed the email where they said that I can only claim my stake for another month or two... and now boom, nothing for me.

And I am not alone.

And to top it off, now they deleted all my posts on the forum, and blocked all my IPs, even blocked the whole domain to which my email address belongs.

That does not sound like a healthy community - who would rather censor, than discuss, and who would rather cut off, than work with.

They might have short term success, but in the long term someone who has more integrity will bypass them, unless they can still fix it and unless those who got stakes can work out a way to give back to the others who also invested but did not get stakes because of poor administration in administering the stakes.

You were probably flagged as a sockpuppet and rightly so.

Only 3 posts since 2014, right