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

[nzminer]

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Yes ive been told this too.
When does Alpha launch?
I was reading somewhere that its August.

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[Momimaus]

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Yes ive been told this too.
When does Alpha launch?
I was reading somewhere that its August.

No August the Beta is planned.
The alpha hopefully this month.

[nzminer]

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Yes ive been told this too.
When does Alpha launch?
I was reading somewhere that its August.

No August the Beta is planned.
The alpha hopefully this month.

WOW, thats awesome!
Im glad im in on this now!
Ive missed out on so many opportunities with cryptos, I am a firm believer in NXT, but i also believe in diversity.
NXT and NEM will both help each other out for the better im sure.

One question, how do we exchange our NEM stake for our NEM once it launches?

[TauMuon]

Could a developer help me to answer this Redditor's question regarding future features of NEM?

I know NEM will be launching with an asset exchange and encrypted messaging etc, but I'm curious what the plans for NEM are after that. Will NEM eventually have features like Transparent Forging, Account Leasing, and an Alias System?

[LiYun_001]

hi,man the only way to get NEM is buy from AE?
any other way to get it?
i do not wanna install NXT.soryy,

Not at the moment...
You will have to wait till the launch. (or buy someones BTT account including stake)

Do you know the exact date of NEM launch?

NEM timeline:
    
Initial fundraising                               - 1/19/2014 -  2/17/2014 - first fundraising thread - second fundraising thread   
Waiting list open                                - 2/21/2014 - 4/10/2014 - waiting list thread
Public auditing of stakeholder list          - 3/2/2014 -  4/9/2014 - public auditing thread   
Waiting list invitation                          - 4/28/2014  - 5/9/2014   - invitation letter   
Final stakeholder list published             - 5/10/2014 - The final list   
Development contract published           - 5/25/2014  - Development contract   
NEMstake on asset exchange               - 5/30/2014 - Asset exchange thread
Open Alpha release                            - TBA
NEM stake public auction                    - After open alpha release
Open Beta release                             - estimate August
Official launch                                  - TBA
V1 blockchain completion                   - TBA   

Thanks buddy. This summary is good and brief introduced NEM milestones. Good post.

[makoto1337]

Just spotted this article about NEM http://bitcoinist.net/nem-new-economy-movement/ which contains quite a few factual errors, especially the part about the development team. Someone should tell him to read the organization tab in NEM summary. There is a nice volume from the site to our website though. NEM is getting noticed !

Quite a lot of minor errors, but it is great to have an article out there.
Who's OpticalCarrier?

[snapter]

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Can you buy a fraction of a stake?

[jpdeng]

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Can you buy a fraction of a stake?

yup minimum is 1/10 of a stake.. thats around 1600 - 1700 nxt now

It is so cheap!

[TwinWinNerD]

I just got 1 NEM stake on the asset exchange for around 15K of NXT.

Was this a good price, or will they drop further?
I was advised to wait 4 days before buying or make a bid around 15K, which i did.

I think its going to take off when it launches, pretty exciting, of course im still more invested in NXT.

Nobody can tell you if the price will go up or down. But I can tell you that I bought a couple of stakes between 15k and 22k. So I think it is a very good price.
At the latest when the alpha comes out, you can´t get this prices anymore.

Can you buy a fraction of a stake?

yup minimum is 1/10 of a stake.. thats around 1600 - 1700 nxt now

It is so cheap!

Hmm. Define cheap. The price of 1 NEM stake is 1.6 BTC.

4000*1.6 BTC = 6600BTC market cap.

According to CMC that would place us instantly into the top 15 of all cryptocurrencies. This might be a cheap price once the client is stress tested and released but right now it seems to be a rather expensive price given the uncertainty!

Remember the original praticipation fee was 0-0.1 BTC only!

If NXT price keeps rising, we will see a 10000 NXT/stake price soon.

[Jaguar0625]

What ever happened to the listing NEM on CoinMarketCap?

[TwinWinNerD]

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

[jrossIV]

Distribution will play a big effect.  Leveraging all these people is going to be powerful.  I think this coin will be top  5 within year of launch.

[utopianfuture]

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Maidsafe ?

[jabo38]

Distribution will play a big effect.  Leveraging all these people is going to be powerful.  I think this coin will be top  5 within year of launch.

It's very hard to understand exactly what the crypto scene will look like in a year from now. For all we know in 6 months a new coin will come out with new code and a new system that will blow everything away. And then again, that new coin might be called NEM.

But I think it's completely safe assumption NEM will be in the top 10, and has a great chance at the #5, #4, or spot. And yes, that would be great if it was even higher.

The point is to get to the top 10 is easy, but to stay there is much harder.

[TwinWinNerD]

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Maidsafe ?

yes, but it is a fully launched token.

If CMC lists NEM than only the amount of tokens that are currently floating around, so PRICE*300 (or how much it currently is).

[utopianfuture]

What ever happened to the listing NEM on CoinMarketCap?

Gliss doesn't list coins that are not yet launched afaik.

Maidsafe ?

yes, but it is a fully launched token.

If CMC lists NEM than only the amount of tokens that are currently floating around, so PRICE*300 (or how much it currently is).

This does not make sense. All NEM are fully owned by someone at this point. So market cap has to take all supply into consideration.

[Eadeqa]

This does not make sense. All NEM are fully owned by someone at this point. So market cap has to take all supply into consideration.

The market cap is not calculated by ownership. It's calculated by "available" (to trade) numbers.

If that were not the case, all country coins would still be listed as someone (developer) owns them

[utopianfuture]

This does not make sense. All NEM are fully owned by someone at this point. So market cap has to take all supply into consideration.

The market cap is not calculated by ownership. It's calculated by "available" (to trade) numbers.

If that were not the case, all country coins would still be listed as someone (developer) owns them

That's incorrect. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. As long as a coin has an ownership and can be traded, it is considered an outstanding share.

"all country coins would still be listed as someone (developer) owns them" ---> it should. (I should be corrected here - if the dev. are allowed to sell the premine then they are outstanding shares, otherwise they re not).  CMC should not list coin that has a sign of market manipulation but it is incorrect to not count the premine.

For NEM, all regular stakes now have an owner and can be sold or traded. That the owner does not request to put his share on an exchange does not mean it is not an outstanding share. That Bill Gates do not put his Microsoft shares on an exchange  does not change Microsoft market cap.

[xtester]

NEM public IRC channel is now #nemcoin  ( freenode ).  I will be parking there when I am online. Consultation service is available for Nemsters who are in emotional distress.

Great.

[lovekfc]

I think that we should have own NEM wallet (at least the alpha version release) , before NEM listed on CoinMarketCap.