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

[patmast3r]

15% is not a lot?  

Let's be very conservative and say NEM will reach 1000 sats per NEM.
600 million X 0.00001000 = 6,000 BTC

I would expect to see an unprecedented media storm for that amount! Take in to account that a 1000 sats is the very least one NEM would reach.

Then again, a lot of new coins / networks don't spend enough on marketing, that's even worse... Still 15% IS a lot of NEM.

Yes it would be a lot if we would just keep it and settle on an island but imho when you put it into context of what can and will be done with it it's not that much.

Say we run our own exchange. The funds to build and run it plus the funds to keep it liquid - that's just a lot of dough that's necessary to pull that off.

It's not like the team is putting it into their pockets 

[maruosch]

Thanks for the hard work.

[LeChatNoir]

I'm not in the final stakeholder list nor in the refunding list but i was asking for a stake more then 2 weeks ago here's my post:

Post N. 320 https://bitcointalk.org/index.php?topic=467027.msg5963337#msg5963337

Why is that?

[patmast3r]

I'm not in the final stakeholder list nor in the refunding list but i was asking for a stake more then 2 weeks ago here's my post:

Post N. 320 https://bitcointalk.org/index.php?topic=467027.msg5963337#msg5963337

Why is that?

You are in the waitinglist. Noone from that thread is in the list yet. Have you read UPs post besides the two links at the end ?

[mr smith]

Happy Easter to all Nemster's on this special day. 
Hey do unhappy refund bunnies complain   https://bitcointalk.org/index.php?topic=450200.0
or somewhere else ?

[patmast3r]

Happy Easter to all Nemster's on this special day. 
Hey do unhappy refund bunnies complain   https://bitcointalk.org/index.php?topic=450200.0
or somewhere else ?

That's the spot yeah.

[punapeter]

I think that the plan to reserve 25% (of max 10% for developer compensation) for promotion etc. purposes of NEM is way too much. Even 100 million NEM should be enough for this purpose. Reserving that much NEM for the use of so few people seems kinda shady.

And if that much NEM would be reserved for promotion purposes etc. I think every original NEM stakeholder should have an easy way of having a vote on how these NEMs will be used.

[mladen00]

I'm a NEM milionare !!!!!!!!!!!!!!!!!!

and with NEM marketcap 4.000.000.000 USD i will be a USD milionare!!!!!!!!!!!!!!!!

we have a long long way ahead

let's join in the ride, and make NEM a special one

[patmast3r]

I think that the plan to reserve 25% (of max 10% for developer compensation) for promotion etc. purposes of NEM is way too much. Even 100 million NEM should be enough for this purpose. Reserving that much NEM for the use of so few people seems kinda shady.

And if that much NEM would be reserved for promotion purposes etc. I think every original NEM stakeholder should have an easy way of having a vote on how these NEMs will be used.

Do you think exchanges will add NEM willy nilly ? They'll want bounties and since we'd like to go for more premuim exchanges they'll want A LOT !
When I say premuim exchanges I mean exchanges that don't add every shitcoin that comes around the corner.

[Scharfenberger]

I'm a NEM milionare !!!!!!!!!!!!!!!!!!

and with NEM marketcap 1.000.000.000 USD i will be a USD milionare!!!!!!!!!!!!!!!!

we have a long long way ahead

let's join in the ride, and make NEM a special one

This would be fine for everyone of us!  

Nevertheless it could need much time to achieve that marketcap.  

[Scharfenberger]

I think that the plan to reserve 25% (of max 10% for developer compensation) for promotion etc. purposes of NEM is way too much. Even 100 million NEM should be enough for this purpose. Reserving that much NEM for the use of so few people seems kinda shady.

And if that much NEM would be reserved for promotion purposes etc. I think every original NEM stakeholder should have an easy way of having a vote on how these NEMs will be used.

Do you think exchanges will add NEM willy nilly ? They'll want bounties and since we'd like to go for more premuim exchanges they'll want A LOT !
When I say premuim exchanges I mean exchanges that don't add every shitcoin that comes around the corner.

+1

We'll need an exchange like Bter.com or something else in this league!

[punapeter]

I think that the plan to reserve 25% (of max 10% for developer compensation) for promotion etc. purposes of NEM is way too much. Even 100 million NEM should be enough for this purpose. Reserving that much NEM for the use of so few people seems kinda shady.

And if that much NEM would be reserved for promotion purposes etc. I think every original NEM stakeholder should have an easy way of having a vote on how these NEMs will be used.

Do you think exchanges will add NEM willy nilly ? They'll want bounties and since we'd like to go for more premuim exchanges they'll want A LOT !
When I say premuim exchanges I mean exchanges that don't add every shitcoin that comes around the corner.

I'm saying that the 15% (discounting the max 10% for developers) is a bit too much for that purpose alone. The percentage that goes to the original stakeholders should be more, and the percentage for promotion should be a bit lower. I think that 15% for the use of so few is a distribution problem and would be a problem for NEM.

[mr smith]

Dude i think 15% is fair so long as everything is transparent there is no problems. :
Or would you prefer constant demands for stakeholders to donate !

[awais3344]

I'm not in the final stakeholder list nor in the refunding list but i was asking for a stake more then 2 weeks ago here's my post:

Post N. 320 https://bitcointalk.org/index.php?topic=467027.msg5963337#msg5963337

Why is that?

post complaints here https://bitcointalk.org/index.php?topic=450200.0

[rasmanki]

I am tooooooo late to the party. When will the auction start?

[patmast3r]

I am tooooooo late to the party. When will the auction start?

no date yet.

[patmast3r]

I think that the plan to reserve 25% (of max 10% for developer compensation) for promotion etc. purposes of NEM is way too much. Even 100 million NEM should be enough for this purpose. Reserving that much NEM for the use of so few people seems kinda shady.

And if that much NEM would be reserved for promotion purposes etc. I think every original NEM stakeholder should have an easy way of having a vote on how these NEMs will be used.

Do you think exchanges will add NEM willy nilly ? They'll want bounties and since we'd like to go for more premuim exchanges they'll want A LOT !
When I say premuim exchanges I mean exchanges that don't add every shitcoin that comes around the corner.

I'm saying that the 15% (discounting the max 10% for developers) is a bit too much for that purpose alone. The percentage that goes to the original stakeholders should be more, and the percentage for promotion should be a bit lower. I think that 15% for the use of so few is a distribution problem and would be a problem for NEM.

It's used for the entire community. The process will be transparent and as always the team will listen to what the community has to say.
I don't think it's a problem as long as the team keeps it's promise to use it wisely and in a transparent manner.

[mladen00]

I'm a NEM milionare !!!!!!!!!!!!!!!!!!

and with NEM marketcap 1.000.000.000 USD i will be a USD milionare!!!!!!!!!!!!!!!!

we have a long long way ahead

let's join in the ride, and make NEM a special one

This would be fine for everyone of us!  

Nevertheless it could need much time to achieve that marketcap.  

wel if bitcoin goes above 5000....

[ishsat694]

I'm a NEM milionare !!!!!!!!!!!!!!!!!!

and with NEM marketcap 4.000.000.000 USD i will be a USD milionare!!!!!!!!!!!!!!!!

we have a long long way ahead

let's join in the ride, and make NEM a special one

That would be crazy. I see NEM having a marketcap of 35 - 50 million on launch

[utopianfuture]

To remind everyone that the current final stakeholder list does not include the waiting list yet. I will contact the waiting list in a few days to invite them in. However I would like to write a brief proposal on the NEM governance and and future road map first.

It would also serve as an additional source of information for people planning to participate in NEM auction later on.