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

[BTCRAVE]

What is NEMS value at the moment? Somebody can tell? And how much Nem will each stakeholder get?

hope its gonna be a good one!  

[makoto1337]

Back to forging >
Coins still have to be sent around so people can forge. ( i think )
Would it be a good idea for all stakeholders to say donate and pass a parcel of coins around to the next stakeholder on the list. Would this help liquidity?

I believe part of the POI model will include a "timer" of sorts on the coins. You can only forge with your current coins if you have had them for a certain amount of time, (To prevent fraud). UP will be giving out more information soon.

I am no expert but wouldn't that just encourage hoarding?  

It sure would and it's the first time I hear this timer thing in regards to POI but I might have missed it. Even if there is a timer though there are plenty of other factors that will discourage hoarding.

I think by timer, he means the concept of coindays. It isn't just how many coins you have, but also how long you have kept them. This was how POS was originally described, if I am not mistaken.

[cryptofutureis]

https://www.smore.com/khjt
NEM Promo Flyer created.
You can share it with facebook, tweet, pin or even embed it on your site!

[bluewhackadoo]

Worked up my first NEM logo, obviously my graphic skills are top notch and this was many hours of thought, labor and sweat.  You have my permission to stamp it official.

[Robert Lewandowski]

When will the IPO list be updated?

[2Kool4Skewl]

I'm not sure why Nem's slogan is "New Economic Movement".  That's a perfect description of the movement Nxt represents.

I think all the Nem supporters would do much better for themselves by building on top of Nxt.

[leagoti]

I saw so many NEM logo.I think if we collect them whether they will become  valueable art 。

[patmast3r]

Between my NEM stake & a 4 million pile of Reddcoin I'm sitting on I will be putting in my 30 day notice at work Friday.

You don't know what the future holds. I'm still going to continue starving myself and looking for work, even Nem if gives a good return.

People plz don't go over board. I know things are really active in here and theres a lot going on but don't quit your jobs !

Let's say every stakeholder will get 1 Mio NEM (it'll probl. be more but we don't have an exact number jet)
Say NEM were to hit 1 Cent really soon (which is somewhat optimistic imho) that would mean every stakeholder would own 10k USD. That's not enough to live ! At least not for long.

Also you have to figure out how to get it into fiat (not everything at once people NEM is supposed to survive remember ?) and then onto your bank account in a way so the state won't rob you (I'm talking about taxes).

Calm your horses

[smithAwesson]

When start?

[masta23]

Between my NEM stake & a 4 million pile of Reddcoin I'm sitting on I will be putting in my 30 day notice at work Friday.

You don't know what the future holds. I'm still going to continue starving myself and looking for work, even Nem if gives a good return.

People plz don't go over board. I know things are really active in here and theres a lot going on but don't quit your jobs !

Let's say every stakeholder will get 1 Mio NEM (it'll probl. be more but we don't have an exact number jet)
Say NEM were to hit 1 Cent really soon (which is somewhat optimistic imho) that would mean every stakeholder would own 10k USD. That's not enough to live ! At least not for long.

Also you have to figure out how to get it into fiat (not everything at once people NEM is supposed to survive remember ?) and then onto your bank account in a way so the state won't rob you (I'm talking about taxes).

Calm your horses

+1

[Istanbul34]

Between my NEM stake & a 4 million pile of Reddcoin I'm sitting on I will be putting in my 30 day notice at work Friday.

You don't know what the future holds. I'm still going to continue starving myself and looking for work, even Nem if gives a good return.

People plz don't go over board. I know things are really active in here and theres a lot going on but don't quit your jobs !

Let's say every stakeholder will get 1 Mio NEM (it'll probl. be more but we don't have an exact number jet)
Say NEM were to hit 1 Cent really soon (which is somewhat optimistic imho) that would mean every stakeholder would own 10k USD. That's not enough to live ! At least not for long.

Also you have to figure out how to get it into fiat (not everything at once people NEM is supposed to survive remember ?) and then onto your bank account in a way so the state won't rob you (I'm talking about taxes).

Calm your horses

It's great to see the enthousiasm from everyone though =)

[KingCole]

Between my NEM stake & a 4 million pile of Reddcoin I'm sitting on I will be putting in my 30 day notice at work Friday.

You don't know what the future holds. I'm still going to continue starving myself and looking for work, even Nem if gives a good return.

People plz don't go over board. I know things are really active in here and theres a lot going on but don't quit your jobs !

Let's say every stakeholder will get 1 Mio NEM (it'll probl. be more but we don't have an exact number jet)
Say NEM were to hit 1 Cent really soon (which is somewhat optimistic imho) that would mean every stakeholder would own 10k USD. That's not enough to live ! At least not for long.

Also you have to figure out how to get it into fiat (not everything at once people NEM is supposed to survive remember ?) and then onto your bank account in a way so the state won't rob you (I'm talking about taxes).

Calm your horses

+1

[wesleyh]

Is there a development bounty for a client?

[hyunsookmom]

Worked up my first NEM logo, obviously my graphic skills are top notch and this was many hours of thought, labor and sweat.  You have my permission to stamp it official.

WTF?

[Hacer88]

Utopian, could you give any time frame for the distribution of the coins? Thanks for all the work you put in.

Sorry nothing definite at the moment. But I can have a way so that you can sell/ buy your stakes within 1 months when the fund raising is over. 

@Utopian

Is this still relevant since NEM is being written with new code?

YES. I do have some unannouced plans.

Oooo, how cryptically exciting! Awesome! When can we expect to hear these unannounced plans?

Can't wait to hear those !

[erkki12]

You know how i heard of nem.....i saw a picture posted on the nxt forums with 3 girls showing their behinds ( with underwear of course). One had NXT on it, one had NEM on it, and a dressed down lady right at the back just watching with NEX on her. It said something about nex just stands at the back watching with envy wishing it was them, or something like that. 

That was how I also found out NEM the first time !

[Tosun14]

Is there a development bounty for a client?

F*** a bounty...  just HIRE wesleyh...  SERIOUSLY!!!    

...and don't be cheap either...    

+1000

I like the looks of the client of Marcus as well.

[ashapasa]

Guys have u heard of M-Pesa its a becoming huge. Maybe we can learn from its success.

 Why does Kenya lead the world in mobile money?
May 27th 2013, 23:50 by T.S.

PAYING for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched in 2007 by Safaricom, the country’s largest mobile-network operator, it is now used by over 17m Kenyans, equivalent to more than two-thirds of the adult population; around 25% of the country’s gross national product flows through it. M-PESA lets people transfer cash using their phones, and is by far the most successful scheme of its type on earth. Why does Kenya lead the world in mobile money?

M-PESA was originally designed as a system to allow microfinance-loan repayments to be made by phone, reducing the costs associated with handling cash and thus making possible lower interest rates. But after pilot testing it was broadened to become a general money-transfer scheme. Once you have signed up, you pay money into the system by handing cash to one of Safaricom’s 40,000 agents (typically in a corner shop selling airtime), who credits the money to your M-PESA account. You withdraw money by visiting another agent, who checks that you have sufficient funds before debiting your account and handing over the cash. You can also transfer money to others using a menu on your phone. Cash can thus be sent one place to another more quickly, safely and easily than taking bundles of in person, or asking others to carry it for you. This is particularly useful in a country where many workers in cities send money back home to their families in rural villages. Electronic transfers save people time, freeing them to do other, more productive things instead.

Dozens of mobile-money systems have been launched, so why has Kenya’s been the most successful? It had several factors in its favour, including the exceptionally high cost of sending money by other methods; the dominant market position of Safaricom; the regulator's initial decision to allow the scheme to proceed on an experimental basis, without formal approval; a clear and effective marketing campaign (“Send money home”); an efficient system to move cash around behind the scenes; and, most intriguingly, the post-election violence in the country in early 2008. M-PESA was used to transfer money to people trapped in Nairobi's slums at the time, and some Kenyans regarded M-PESA as a safer place to store their money than the banks, which were entangled in ethnic disputes. Having established a base of initial users, M-PESA then benefitted from network effects: the more people who used it, the more it made sense for others to sign up for it.

M-PESA has since been extended to offer loans and savings products, and can also be used to disburse salaries or pay bills, which saves users further time and money (because they do not need to waste hours queuing up at the bank). One study found that in rural Kenyan households that adopted M-PESA, incomes increased by 5-30%. In addition, the availability of a reliable mobile-payments platform has spawned a host of start-ups in Nairobi, whose business models build on M-PESA’s foundations. Mobile-money schemes in other countries, meanwhile, have been held up by opposition from banks and regulators and concerns over money-laundering. But M-PESA is starting to do well in other countries, including Tanzania and Afghanistan, and last month it was launched in India. At the same time, operators in some other countries are doing an increasingly good job of imitating it. Some of the factors behind Kenya's lead cannot be copied; but many of them can, which means it should eventually be possible for other countries to follow Kenya's pioneering example

[ShawnLeary]

i think all stake holders in group 3 of the statistics spread sheet should be scrapped.. no one that has just heard of nxt/nem/btc would simply open an acc just to apply for that and never use it again.. and like it says it some acc's show activity.. AFTER the stats are done and ppl realise they are in the bottom group they try and build up usage to get out of it to try and protect their multiple shares! i think community should vote on this! if you remove these inactive acc's which contribute nothing to the community and will most likely be merged with other multiple sock puppet acc's every one else will get a larger stake but still evenly distributed and you wont end up with 10/15 guys with 40/50 shares or more.. those acc's should be removed!

That is complete BS.  I made an account just to be part of this.  I was one of the first 2000 owners of NXT, liked the idea but was more fond of this more egalitarian approach.  I never felt the urge to post on this forum because I think that you should only post something if you have something interesting to add.  What you're saying is that if someone has posted posts like 'to da moon!'  or 'how much you think crapcoin X will be worth in 2015' in the past has more rights than someone who doesn't post crap like that?  Maybe I will contribute somewhere along the way, maybe on this forum, maybe somewhere else.  You don't know.

Maybe we should scrap all the accounts who actively try to slim down the total amount of accounts just to end up with a bigger share of the cake themselves, like you're doing right now.

Please do try to activate people and try to motivate them on engaging in this community but please DO NOT try to do this by bending or changing the initial deal/rules and by forcing them to post anything not worth posting on a forum just for the sake of it.

I have to agree that no one should be scrapped.  Yes there will be a few fake accounts but it would be much more sinister if an individual or two were wrongfully cut out.  My close friend who has been buying and mining BitCoin for the past eight months thinks there is no value in the alt coins and feels bitcoin will simply absorb any valid competitive attributes, he had NO account on bitcointalk and I convinced him to get on here and help fund this movement.  When NEM launches it will probably be worth less or close to what we put in, so someone with 10BTC could buy 100 stakes in seconds after it hits the exchange.  The real focus should be getting the word out and not wasting time on this.  

[stoneone]

great  work