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

[conbos]

I have mixed felingd about charity. On the one hand, I agree that the 'profit' for NEM is marginal compared with others actors (charity institutions) but on the other, I also think that charity coming from an organized community is very much in agreement with the ideals of the movement.
I guess the dilution is to choose the middle way, let's focus in those projects that can give an added value to the movement (e.g. Organizing local communities to use NEM as wy of payment) and also can have a 'aocial value'. Helping farmers to get seds and products, organization of a web market to pay with NEM and other options that bring the power to the people will strength our currency and highlight the community values without the need to focused on charity as a first instance

[Coinsy]

EDIT: in the event that everybody on the waiting list gets a stake I agree with the above poster: auction off the remaining stakes for charity.

Great Idea.

What's the obsession with charity? We are not a charity fund. If someone want to spend his money for charity - then go for it, but don't use money that belong to others for it. We need a strong coin and we should spend all available money for development and marketing. I'd better give all money to dev team so they could quit their day jobs and focus on Nem. After all $40-50K spent on development and marketing may increase coin capitalization 10 times and everybody can spend 10 times more money on charity if they're so obsessed with it.

It is no obsession. If the people on the waiting list will pay for their stake I think there is sufficient funds for development, for marketing and for the devs to pay the rent and go on a well deserved binge.

My reasoning is the following: the best IPO ever was the Counterparty IPO. Over 2000 BTC where taken out of the market and thus payed to all holders of BTC as a dividend. All people who burned BTC made a profit, and by doing so everyone in the community made a profit.

If NEM is released it will be on an exchange and the minimum price for 1 NEM will be 1 satoshi. This equals >0.1 BTC per stake, per definition. Profit for all.

An auction for more development funds and marketing funds smells like greed. Greed for a larger profit than the profit we already made. IMO, this would go against everything that made NEM a valuable idea in the first place.

Since the NEM team has made us a profit already, and since I'm a communist at heart, I believe those that didn't have the chance to participate should share in my profit, since I didn't do anything to deserve it for myself alone.

A good charity for the hypothetical auction would be this:

https://www.counterparty.co/full-bitcoin-nodes

http://nodeshares.com

We'd pay a tribute to the crypto community by financially supporting the above initiative. Bitcoin paved the way for the NEM team to be able to create NEM, and it will continue to pave that road for the foreseeable future. Call it charity. I'd call it common sense.

Shit if 1 million NEM will be .1 btc at release you can bet your ass I'm buying a fuckity fuck load of stakes.

[Mrrr]

EDIT: in the event that everybody on the waiting list gets a stake I agree with the above poster: auction off the remaining stakes for charity.

Great Idea.

What's the obsession with charity? We are not a charity fund. If someone want to spend his money for charity - then go for it, but don't use money that belong to others for it. We need a strong coin and we should spend all available money for development and marketing. I'd better give all money to dev team so they could quit their day jobs and focus on Nem. After all $40-50K spent on development and marketing may increase coin capitalization 10 times and everybody can spend 10 times more money on charity if they're so obsessed with it.

It is no obsession. If the people on the waiting list will pay for their stake I think there is sufficient funds for development, for marketing and for the devs to pay the rent and go on a well deserved binge.

My reasoning is the following: the best IPO ever was the Counterparty IPO. Over 2000 BTC where taken out of the market and thus payed to all holders of BTC as a dividend. All people who burned BTC made a profit, and by doing so everyone in the community made a profit.

If NEM is released it will be on an exchange and the minimum price for 1 NEM will be 1 satoshi. This equals >0.1 BTC per stake, per definition. Profit for all.

An auction for more development funds and marketing funds smells like greed. Greed for a larger profit than the profit we already made. IMO, this would go against everything that made NEM a valuable idea in the first place.

Since the NEM team has made us a profit already, and since I'm a communist at heart, I believe those that didn't have the chance to participate should share in my profit, since I didn't do anything to deserve it for myself alone.

A good charity for the hypothetical auction would be this:

https://www.counterparty.co/full-bitcoin-nodes

http://nodeshares.com

We'd pay a tribute to the crypto community by financially supporting the above initiative. Bitcoin paved the way for the NEM team to be able to create NEM, and it will continue to pave that road for the foreseeable future. Call it charity. I'd call it common sense.

Shit if 1 million NEM will be .1 btc at release you can bet your ass I'm buying a fuckity fuck load of stakes.

For NEM to be traded against bitcoin it should at least have a value of 1 satoshi. 10 million satoshi in a Bitcoin, >1 million NEM per stake: >0.1 BTC per stake.

[swartzfeger]

An auction for more development funds and marketing funds smells like greed. Greed for a larger profit than the profit we already made. IMO, this would go against everything that made NEM a valuable idea in the first place.

You have absolutely no idea how much good developers cost, do you?

Valuable ideas are a dime a dozen.

'Common sense' is allocating shares to development of tier 2 features. Common sense is donating your own personal share to charity, or organizing a group of stakeholders that are like-minded and want to donate 10% of their stake into a pool.

Allocating unassigned shares to charity before an alpha is released is pure lunacy.

[roslinpl]

For NEM to be traded against bitcoin it should at least have a value of 1 satoshi. 10 million satoshi in a Bitcoin, >1 million NEM per stake: >0.1 BTC per stake.

This is a problem of coins with huuuuge numbers....

price will be shhity anyway because there are too many coins ... imagine 1NEM=1cent .... that would make all of you billionaires
Economy cannot agree with that.

[j23a]

For NEM to be traded against bitcoin it should at least have a value of 1 satoshi. 10 million satoshi in a Bitcoin, >1 million NEM per stake: >0.1 BTC per stake.

This is a problem of coins with huuuuge numbers....

price will be shhity anyway because there are too many coins ... imagine 1NEM=1cent .... that would make all of you billionaires
Economy cannot agree with that.

If one Nem = 1 cent then a stake will be a little over $10,000. You must be thinking that Nem will be in the trillions like Dogecoin. . There will be a total of 4 Billion Nems.

[Mrrr]

An auction for more development funds and marketing funds smells like greed. Greed for a larger profit than the profit we already made. IMO, this would go against everything that made NEM a valuable idea in the first place.

You have absolutely no idea how much good developers cost, do you?

Valuable ideas are a dime a dozen.

'Common sense' is allocating shares to development of tier 2 features. Common sense is donating your own personal share to charity, or organizing a group of stire takeholders that are like-minded and want to donate 10% of their stake into a pool.

Allocating unassigned shares to charity before an alpha is released is pure lunacy.

I got a perfect idea of what a good developer costs. And IMO, the developers of NEM already deserved all the BTC they got through the IPO, and even more. There is a big BUT though:

Common sense is the developers believing in their product. Protoshares had the developers looking to buy stakes in their own fcking coin. Counterparty had the developers relinquish over 2000 BTC.

Call me a lunatic if you wish.

Allocate the last 10 shares to the Nodeshares initiative, by auction. It will will bring the entire crypto community forward. Including us.

[oldisoft]

Hello Dear Friends!

I'm from waiting list and very worring-waiting list is closed and now I think we will understand who from us will be part of this community!

When You are going to take decision?

Thank You!

[nembit86]

I always have an eye on coinmarketcap.com and have noticed some interesting points.
Ripple looks like it's dying a bit. Interest waning on the centralized crypto?
These airdrop coins of late are Booming at first but they sure are Busting later on.
I'm sure I saw Marinecoin over a billion earlier today and now less than one million market cap.
NxT is sticking in there though proving that high tech is worth something?
Glad I'm in with Nem, another quality coin like NxT that I'm sure will lead the way in crypto land. No boom and bust here methinks.


What's all this talk about charities and auctions? Let's just stick to Utopian futures plan guys. Let's not get
things too complicated.

[Mrrr]

I always have an eye on coinmarketcap.com and have noticed some interesting points.
Ripple looks like it's dying a bit. Interest waning on the centralized crypto?
These airdrop coins of late are Booming at first but they sure are Busting later on.
I'm sure I saw Marinecoin over a billion earlier today and now less than one million market cap.
NxT is sticking in there though proving that high tech is worth something?
Glad I'm in with Nem, another quality coin like NxT that I'm sure will lead the way in crypto land. No boom and bust here methinks.


What's all this talk about charities and auctions? Let's just stick to Utopian futures plan guys. Let's not get
things too complicated.

I think the first step is to get rid of the dollar signs in your eyes. Nem is more than coinmarketcap. It is more than a Pump and Dump. We are talking revolution here. And we won't settle for less.

[nembit86]

I always have an eye on coinmarketcap.com and have noticed some interesting points.
Ripple looks like it's dying a bit. Interest waning on the centralized crypto?
These airdrop coins of late are Booming at first but they sure are Busting later on.
I'm sure I saw Marinecoin over a billion earlier today and now less than one million market cap.
NxT is sticking in there though proving that high tech is worth something?
Glad I'm in with Nem, another quality coin like NxT that I'm sure will lead the way in crypto land. No boom and bust here methinks.


What's all this talk about charities and auctions? Let's just stick to Utopian futures plan guys. Let's not get
things too complicated.

I think the first step is to get rid of the dollar signs in your eyes. Nem is more than coinmarketcap. It is more than a Pump and Dump. We are talking revolution here. And we won't settle for less.

I only watch coinmarketcap.com to get an overall picture of what is happening and AT PRESENT most markets are still priced in dollars.

However , I do like your attitude and hope you are correct.

[nxtvisa]

For NEM to be traded against bitcoin it should at least have a value of 1 satoshi. 10 million satoshi in a Bitcoin, >1 million NEM per stake: >0.1 BTC per stake.

This is a problem of coins with huuuuge numbers....

price will be shhity anyway because there are too many coins ... imagine 1NEM=1cent .... that would make all of you billionaires
Economy cannot agree with that.

If one Nem = 1 cent then a stake will be a little over $10,000. You must be thinking that Nem will be in the trillions like Dogecoin. . There will be a total of 4 Billion Nems.

total  agree   

[oldisoft]

So, may be the auction will be very interesting idea!
The beginning price,please?
Thanks

[MouldyGorrilla9]

@utopian

Any update on the development contract? )


Also, there seems to be a lot of negativity towards charity lately! Stop being miserable bastards and lighten up! Lol

[DontPanic_42]

It is no obsession. If the people on the waiting list will pay for their stake I think there is sufficient funds for development, for marketing and for the devs to pay the rent and go on a well deserved binge.

My reasoning is the following: the best IPO ever was the Counterparty IPO. Over 2000 BTC where taken out of the market and thus payed to all holders of BTC as a dividend. All people who burned BTC made a profit, and by doing so everyone in the community made a profit.

If NEM is released it will be on an exchange and the minimum price for 1 NEM will be 1 satoshi. This equals >0.1 BTC per stake, per definition. Profit for all.

An auction for more development funds and marketing funds smells like greed. Greed for a larger profit than the profit we already made. IMO, this would go against everything that made NEM a valuable idea in the first place.

Since the NEM team has made us a profit already, and since I'm a communist at heart, I believe those that didn't have the chance to participate should share in my profit, since I didn't do anything to deserve it for myself alone.

A good charity for the hypothetical auction would be this:

https://www.counterparty.co/full-bitcoin-nodes

http://nodeshares.com

We'd pay a tribute to the crypto community by financially supporting the above initiative. Bitcoin paved the way for the NEM team to be able to create NEM, and it will continue to pave that road for the foreseeable future. Call it charity. I'd call it common sense.

Shit if 1 million NEM will be .1 btc at release you can bet your ass I'm buying a fuckity fuck load of stakes.

For NEM to be traded against bitcoin it should at least have a value of 1 satoshi. 10 million satoshi in a Bitcoin, >1 million NEM per stake: >0.1 BTC per stake.

I dont want to be an smart-ass but : 

*smart-ass-mode on*

1 BTC equals 100 Milion satoshi.
I paid 0.045 BTC for my stake and lets say 1 stake is 1,000,000 NEM, than 1 NEM = 4.5 Satoshi  ( 0.045 BTC / 1,000,000 = 0.000000045 BTC/NEM )  If 1 stake reaches 0.1 BTC I would little more than double my BTC.

*smart-ass-mode off*

But I would not sell at that price, thats for sure   

[Mrrr]

LOL I missed a zero there. Nevermind, I still beliebe.

[TwinWinNerD]

Your competitor NAScoin was just added to the first exchange: dgex.com

your move NEM!

[dodododi]

+1 for the auction.  if you want the coin to be competitive you need solid devs.

[jxmhqjg]

Your competitor NAScoin was just added to the first exchange: dgex.com

your move NEM!

Buy[bid]    Amount    Sell[ask]           Amount
-         -    0.00000036         49925.00
-         -    0.00000036         1000000.00
-         -    0.00000037         1000000.00
-         -    0.00000037         734200.00
-            0.00000037         320000.00
-            0.00000037         696000.00

[TaunSew]

Your competitor NAScoin was just added to the first exchange: dgex.com

your move NEM!

Not in the same league, so not a competitor.  Nas coin is a poor copy of NxT with a sockpuppet developer who has already been banned once.