[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread

[magdapani]

In general, I consider a mining - an error of decentralization. All computing capacities once will appear in hands of one mega corporations that conducts to centralization and control from the governments. Satoshi when I created it, I he think knew and guessed to what at the end everything leads it. Freedom is given only in the beginning when everyone can мaйнить at home on videocards, thereby forming the decentralized network. But here its complexity grows and grows that finally leads to centralization and to total control, up to even before network destruction if supervisory authorities of it want. And most likely they will want because yet time will find as someone sold for BitCoins drugs or sponsored terrorism, and so on. BitCoin for them at present as a splinter which just like that can't be pulled out. But Satoshi created it everything temporary, as a result a ball one will govern mega corporation and sure to appear over it will rule the governments. It will be the beginning of the end of a network BitCoin.

So much of this. The only real winners are manufacturer's and those with deep pockets to buy asic's and other specialist mining hardware.

PoW is no more decentralized than FIAT, in fact it's worse because those with the influence are more anonymous and just as powerful.


PoS has the capacity to be just as centralized - poor distributed IPO, or other such tatics seen with the MaidSafe IPO. NEM so far has been a step in the right direction. I must say though the concept of releasing stakeholders coins periodically (Rather than in an immediate lump sum) to discourage dumping and more dedication to the cause - an idea i saw mentioned a few pages ago - intrigued me. Food for thought.

That actually sounds like a good idea, releasing the coins little by little. I really want this coin to succeed.

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[utopianfuture]

Off topic.

Stolen MTGOX BTCs going to maidsafe ipo?

https://bitcointalk.org/index.php?topic=579797.280

Maidsafe had almost no presence on the net a few months ago, it was some obscure vaporeware project.  Suddenly, out of nowhere, they annouced some coin and received millions in hours until it was partially closed.  

Someone invested 900 BTC ($450K) in one transaction alone.  Based on what?  No photos and stuff copied from freenet?  No escrow?  No marketing?

Something there doesn't pass the smell test.
Especially since mastercoin has pretty much no future anyway.

I would not say it a vaporware before I can read all their GibHub repo and white papers. David (MaidSafe founder) was in Inside Bitcoin in early April and made a tour to some research university, Google development group before that. As I understand the project has been backed by BitAngel at least for 1 year, hence the estimated 2.5 million$ backing up to now. You can bet that the person who put 900BTC in probably read codes and white papers before.  

It would be pretty naive to think that they can go ahead with type of deal without at least 1 or 2 huge backers pre-committed to a certain amount. Compared to other types of Bitcoin ecosystem venture deals such as Coinbase, Circle, Bitpay etc. the amount raised here is pretty normal for the amount of works and the project's potential.

I have a theory of why they do this kind of quick IPO without much fanfare but anyway it doesn't really relate to the actual potential of the project which is determined wholly by the technology itself.      

[David Latapie]

That actually sounds like a good idea, releasing the coins little by little. I really want this coin to succeed.

FYI, Quebecoin plans to follow the same "little-by-little" strategy for its airdop.

[xtester]

I see people are starting to notice Nem and talk about it on twitter and facebook.

If we spread the word about the auction Nem is going to get a lot of coverage especially after the IPO success Maidsafe has achieved.

[pranas]

when is the auction starting?

[TauMuon]

its not so much technical.. im not a coder.. its more just thinking outside the block! :L but thanks for the words of encouragement. il keep at it.. still need more pledges too though.. *hint to everyone reading this* (you wont be sending me the coins)

What figure are you aiming for?

[okaynow]

Another pure Nxt clone coming out in two weeks - https://bitcointalk.org/index.php?topic=580537.0

And it's client is another take on wesleyh's client aswell. A banner at the top has changed.

[Trishula]

I cannot wait for the launch!!

[patmast3r]

Anyone among our stakeholders that has some experience with the legal implications of running an exchange ?

[Eadeqa]

Anyone among our stakeholders that has some experience with the legal implications of running an exchange ?

If there is no fiat involved, it would not be a problem, as long as you pay taxes on profit. With fiat included, you might need to register/license or something.

[patmast3r]

Anyone among our stakeholders that has some experience with the legal implications of running an exchange ?

If there is no fiat involved, it would not be a problem, as long as you pay taxes on profit. With fiat included, you might need to register/license or something.

Are you a legal pro or is that just common knowledge ?
Sorry to be so blunt.

[nandk70]

Anyone among our stakeholders that has some experience with the legal implications of running an exchange ?

If there is no fiat involved, it would not be a problem, as long as you pay taxes on profit. With fiat included, you might need to register/license or something.

Are you a legal pro or is that just common knowledge ?
Sorry to be so blunt.

if you include fiat you need to get permission from securities agencies SEC(USA), FSA(UK)... Bitstamp operates with permission from FSA

I am a banking pro

[ALBORCA]

hi i am on the waiting list here is my post https://bitcointalk.org/index.php?topic=467027.msg5418313#msg5418313 , i still do not see my name on the final list! although some of the first few who posted on it are in it, how do you pick you some and not the others ! can you explain?

[patmast3r]

hi i am on the waiting list here is my post https://bitcointalk.org/index.php?topic=467027.msg5418313#msg5418313 , i still do not see my name on the final list! although some of the first few who posted on it are in it, how do you pick you some and not the others ! can you explain?

We haven't picked anyone from the waitinglist. Please be a little more patient.

[patmast3r]

Anyone among our stakeholders that has some experience with the legal implications of running an exchange ?

If there is no fiat involved, it would not be a problem, as long as you pay taxes on profit. With fiat included, you might need to register/license or something.

Are you a legal pro or is that just common knowledge ?
Sorry to be so blunt.

if you include fiat you need to get permission from securities agencies SEC(USA), FSA(UK)... Bitstamp operates with permission from FSA

I am a banking pro

When you say a banking pro what exactly does that mean ?
Feel free to pm me.

[ALBORCA]

hi i am on the waiting list here is my post https://bitcointalk.org/index.php?topic=467027.msg5418313#msg5418313 , i still do not see my name on the final list! although some of the first few who posted on it are in it, how do you pick you some and not the others ! can you explain?

We haven't picked anyone from the waitinglist. Please be a little more patient.

thank you for clarifying   

[patmast3r]

hi i am on the waiting list here is my post https://bitcointalk.org/index.php?topic=467027.msg5418313#msg5418313 , i still do not see my name on the final list! although some of the first few who posted on it are in it, how do you pick you some and not the others ! can you explain?

We haven't picked anyone from the waitinglist. Please be a little more patient.

thank you for clarifying   

no sweat. Just check in from time to time (especially the first post of this thread which is being updated) and you won't miss anything.

[erikforfreedom]

Hey, just signed up for this forum, I am a long-time lurker though.
I plan to bid in the upcoming NEM auction.
Regardless, I would like to support NEM.

Thanks
-Erik

[mr smith]

Hey, just signed up for this forum, I am a long-time lurker though.
I plan to bid in the upcoming NEM auction.
Regardless, I would like to support NEM.

Thanks
-Erik

Welcome aboard it's going to be a great journey

[Hacer88]

I am supposed to publish the unified stakeholder list today but I have just finished thread 1. I apologize for the delay but I do need some sleep now so will be back at work tomorrow. Be patient  

UP

Are you going to kick anyone else out of the genesis block?

Yes everyone who joined nem by mistake and now think it is not a good idea.

At your discretion, you mean, right?  I still want my stake, but you are forcefully kicking me out.

Shocking news;

2Kool4Skewl has been banned from Bitcointalk.