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

[nextgencoin]

Nember sounds like an insult.

Nemster sounds like a pet.


Nembie?

[gimre]

Nember sounds like an insult.

Nemster sounds like a pet.


Nembie?

Oh, come on! Be a nem!

[Fatih87SK]

Nember

[xtester]

love the new pic on the homepage!!!

Thank you. Website and overall branding of NEM can certainly be improved much more but I think it is better to focus on passing the Alpha release milestone first, so that is a small change in the scenery  

Yeah, the site looks good. Now the term harvesting is more suitable.

@xtester Hi I just bought Taleb's Antifragile and also bookmarked link to his notes. I always like Taleb and his empiricism learning. On the economics side my thought is that he belongs to Austrian school of Mises, Hayek etc. and his criticism of academic learning has roots in Hayek's criticism of socialism's central planing that top-down planning fail to capture grassroot knowledge spawn out of practice and experiences.

I think his criticism of Piketty is missing the point though. Taleb saw inequality as a results of the unbalance in pay-off from different type of labor and risk-taking but Piketty's point is more like on the contrast between pay-offs from capital and labor. So they don't really discuss about the same type of inequality.            

Hi Utopian,

I am actually thinking of re-reading the book myself, as I said, it had an enormous impact on my thinking and interestingly enough, I stumbled upon it at a moment when I had an epiphany of sorts and I was, myself, developing a conceptual robustness/antifragility model for living life.  So I suppose the timing was perfect.

Just to give everyone a taste of what we are talking about, here is a little introduction to Antifragile:

HOW TO LOVE THE WIND

Wind extinguishes a candle and energizes fire.
Likewise with randomness, uncertainty, chaos: you want to use them, not hide from them. You want to be the fire and wish for the wind. This summarizes this author’s nonmeek attitude to randomness and uncertainty.
We just don’t want to just survive uncertainty, to just about make it. We want to survive uncertainty and, in addition—like a certain class of aggressive Roman Stoics—have the last word. The mission is how to domesticate, even dominate, even conquer, the unseen, the opaque, and the inexplicable. - Nassim Nicholas Taleb

As for Piketty, in a sens you are right, it may be the case that they are discussing different matters. Though, Taleb has published a paper very recently in which he and another important mathematician indirectly argue that much of Piketty's measurements and conclusions are based on flawed statistics, which if true, indeed, invalidates Pickety's arguments.
Here is the link to the paper again: https://docs.google.com/file/d/0B8nhAlfIk3QIbzRrRkhhc1RNY0U/edit

Anyway, how is the marketing position working out? How do you and the dev team see the innovation-technical side in relation to the marketing side?

Btw, I just saw another interesting idea. Sharecoin has built a new exchange for their pos coin and it seems the profits are distributed as feeshares which can be bought by the sharecoin holders. The exchange looks pretty good for some new project created from nothing in a couple of days. They have 4 coins on it now already and plan to add more. Not sure but maybe such an exchange would be a good way to add another layer of value to our Nem community and would solve the initial Nem trading problem. Here are the links to the distribution info and to the exchange: https://bitcointalk.org/index.php?topic=587051.0 and https://sharexcoin.com/.

What do you and the community think?

Update: I think Nemsters sounds better.

Update 2: Here is another link to the finished paper from Taleb. The previous one was just a draft.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2434363

[mr smith]

I wish Sharecoin all the best of luck and why not ? As to the FUND raiser of the exchange also good luck and why not ?

[tinadrake]

After NEM's launch, the initial stakeholders only have two options, hold or dump. We can give them one other option, spend.

Crowd-funding sites are very popular right now. If we use Kickstarter as an example, it's global rank is 822 and it's rank in the US is 387. Kickstarter has several limitations.

-Only project creators from certain countries are permitted.
-Charity and awareness campaigns are prohibited.
-Projects must fit within one of 13 categories.
-High fees, they take a 5% cut of the pledged funds plus Amazon Payments get 3-5%.
-You are only backing projects, the terms and conditions do not allow investment returns (no movie distribution rights or dividends).

We could create our own crowd-funding site based on NEM, without these limitations. Project creators from all countries will be welcome and they will have the option of offering dividends. The fees will be lower.
 
Our NEM crowd-funding platform could be the first "company" on the Asset Exchange. For now let's call this company "NEMfunder". The fee will support the operating costs (administration, marketing, hosting, etc) the remaining profit will be distributed to NEMfunder shareholders.

Instead of just saving or selling their NEM, the stakeholders will now be able to buy shares of NEMfunder. If your plan is to hold NEM, a better option might be to buy some NEMfunder shares. Owning NEMfunder shares denominated in NEM will give you leverage. In the future, if the value of NEM increases threefold and the NEMfunder share price doubles the value of your NEM holdings would multiply by 6 times.

If we issue 10,000,000 shares, it may look something like this:

NEMfunder total shares= 10,000,000
70% internal shares= 7,000,000 (80% for employee salaries and 20% expansion fund)
30% external shares= 3,000,000 for public offering issued on the NEM Asset Exchange.
 
Employees of NEMfunder will receive internal shares. We will be needing developers, marketers and a stay-at-home CEO. To add to the credibility and momentum of this IPO, anyone in the NEM core team is invited.

To get this going I registered www.NEMfunder.com and www.NEMstarter.com (also NXTfunder.com, in case our neighbor NXT likes it).

What is the next step to bring NEMfunder into existence?

[BitZCoin]

Nemster is more kind of "hip", I think.
Also it sounds a little bit faster and more buoyant then the other.
- A member always sounds boring, like NEM would be the membership in a book-. or polo club.
Last but not least, with Nemster there's no association for the people to sign a contract, pay money, or going through complicated and time-consuming registration progresses like they would have to go through for getting in a regular real live m/(n)embership. For people Nemster will sound a lot more noncommittal.

My vote goes to Nemster

[jnuqsx]

+1

BTW, NEMster? Maybe I'm wrong but shouldn't that be NEMber? 

Both is fine i guess. NEMber is used in the client though

Which one sounds better? Nember or Nemster ? we can change the client's wording.

Nemster

[ShawnLeary]

F*ck the launch. I can't wait for the Alpha release.

I prefer a woman

You haven't lived until you have F'd a good launch.  all that cold cut ham and salami and mustard ;-)

[Hollowman338]

+1

BTW, NEMster? Maybe I'm wrong but shouldn't that be NEMber? 

Both is fine i guess. NEMber is used in the client though

Which one sounds better? Nember or Nemster ? we can change the client's wording.

Nemster

nemillionaires

[EFFV]

I have heard news that Lamassu https://lamassu.is/ is advertising that they can sell open-source (programmable) crypto-currency atms for any currency at $1800 a piece.
When Nem starts to get big it would cost less than 100k to have one atm in every u.s. state.

This is achievable, Dogecoin raised like 48k (correct?) to advertise in a nascar race.

This would be great for Nem infrastructure and publicity.

...Not even Bitcoin has an atm grid like that.

We should put something like this on fund.nemcoin.com.

Tell me what you think...

[EFFV]

After NEM's launch, the initial stakeholders only have two options, hold or dump. We can give them one other option, spend.

Crowd-funding sites are very popular right now. If we use Kickstarter as an example, it's global rank is 822 and it's rank in the US is 387. Kickstarter has several limitations.

-Only project creators from certain countries are permitted.
-Charity and awareness campaigns are prohibited.
-Projects must fit within one of 13 categories.
-High fees, they take a 5% cut of the pledged funds plus Amazon Payments get 3-5%.
-You are only backing projects, the terms and conditions do not allow investment returns (no movie distribution rights or dividends).

We could create our own crowd-funding site based on NEM, without these limitations. Project creators from all countries will be welcome and they will have the option of offering dividends. The fees will be lower.
 
Our NEM crowd-funding platform could be the first "company" on the Asset Exchange. For now let's call this company "NEMfunder". The fee will support the operating costs (administration, marketing, hosting, etc) the remaining profit will be distributed to NEMfunder shareholders.

Instead of just saving or selling their NEM, the stakeholders will now be able to buy shares of NEMfunder. If your plan is to hold NEM, a better option might be to buy some NEMfunder shares. Owning NEMfunder shares denominated in NEM will give you leverage. In the future, if the value of NEM increases threefold and the NEMfunder share price doubles the value of your NEM holdings would multiply by 6 times.

If we issue 10,000,000 shares, it may look something like this:

NEMfunder total shares= 10,000,000
70% internal shares= 7,000,000 (80% for employee salaries and 20% expansion fund)
30% external shares= 3,000,000 for public offering issued on the NEM Asset Exchange.
 
Employees of NEMfunder will receive internal shares. We will be needing developers, marketers and a stay-at-home CEO. Anyone on the NEM dev team is invited. To add to the credibility and momentum of this IPO, anyone in the NEM core team is invited.

To get this going I registered www.NEMfunder.com and www.NEMstarter.com (also NXTfunder.com, in case our neighbor NXT likes it).

What is the next step to bring NEMfunder into existence?

Good idea, but we already have fund.nemcoin.com.

[nxtonly]

I have noticed there are lots of talk about NEM.
When will it be launched? Maybe a rough time?

[makoto1337]

love the new pic on the homepage!!!

Thank you. Website and overall branding of NEM can certainly be improved much more but I think it is better to focus on passing the Alpha release milestone first, so that is a small change in the scenery  

Yeah, the site looks good. Now the term harvesting is more suitable.

@xtester Hi I just bought Taleb's Antifragile and also bookmarked link to his notes. I always like Taleb and his empiricism learning. On the economics side my thought is that he belongs to Austrian school of Mises, Hayek etc. and his criticism of academic learning has roots in Hayek's criticism of socialism's central planing that top-down planning fail to capture grassroot knowledge spawn out of practice and experiences.

I think his criticism of Piketty is missing the point though. Taleb saw inequality as a results of the unbalance in pay-off from different type of labor and risk-taking but Piketty's point is more like on the contrast between pay-offs from capital and labor. So they don't really discuss about the same type of inequality.            

Would you recommend Antifragile?

Also, do you have any personal theories on causes of inequality, or does it depend on the type of inequality and there are many causes?

[makoto1337]

You can be a Nember of a club but you are a Nemster 

Damn it feels good to be a Nemster

[makoto1337]

love the new pic on the homepage!!!

Thank you. Website and overall branding of NEM can certainly be improved much more but I think it is better to focus on passing the Alpha release milestone first, so that is a small change in the scenery  

Yeah, the site looks good. Now the term harvesting is more suitable.

@xtester Hi I just bought Taleb's Antifragile and also bookmarked link to his notes. I always like Taleb and his empiricism learning. On the economics side my thought is that he belongs to Austrian school of Mises, Hayek etc. and his criticism of academic learning has roots in Hayek's criticism of socialism's central planing that top-down planning fail to capture grassroot knowledge spawn out of practice and experiences.

I think his criticism of Piketty is missing the point though. Taleb saw inequality as a results of the unbalance in pay-off from different type of labor and risk-taking but Piketty's point is more like on the contrast between pay-offs from capital and labor. So they don't really discuss about the same type of inequality.            

Hi Utopian,

I am actually thinking of re-reading the book myself, as I said, it had an enormous impact on my thinking and interestingly enough, I stumbled upon it at a moment when I had an epiphany of sorts and I was, myself, developing a conceptual robustness/antifragility model for living life.  So I suppose the timing was perfect.

Just to give everyone a taste of what we are talking about, here is a little introduction to Antifragile:

HOW TO LOVE THE WIND

Wind extinguishes a candle and energizes fire.
Likewise with randomness, uncertainty, chaos: you want to use them, not hide from them. You want to be the fire and wish for the wind. This summarizes this author’s nonmeek attitude to randomness and uncertainty.
We just don’t want to just survive uncertainty, to just about make it. We want to survive uncertainty and, in addition—like a certain class of aggressive Roman Stoics—have the last word. The mission is how to domesticate, even dominate, even conquer, the unseen, the opaque, and the inexplicable. - Nassim Nicholas Taleb

As for Piketty, in a sens you are right, it may be the case that they are discussing different matters. Though, Taleb has published a paper very recently in which he and another important mathematician indirectly argue that much of Piketty's measurements and conclusions are based on flawed statistics, which if true, indeed, invalidates Pickety's arguments.
Here is the link to the paper again: https://docs.google.com/file/d/0B8nhAlfIk3QIbzRrRkhhc1RNY0U/edit

Anyway, how is the marketing position working out? How do you and the dev team see the innovation-technical side in relation to the marketing side?

Btw, I just saw another interesting idea. Sharecoin has built a new exchange for their pos coin and it seems the profits are distributed as feeshares which can be bought by the sharecoin holders. The exchange looks pretty good for some new project created from nothing in a couple of days. They have 4 coins on it now already and plan to add more. Not sure but maybe such an exchange would be a good way to add another layer of value to our Nem community and would solve the initial Nem trading problem. Here are the links to the distribution info and to the exchange: https://bitcointalk.org/index.php?topic=587051.0 and https://sharexcoin.com/.

What do you and the community think?

Update: I think Nemsters sounds better.

sharexcoin looks a little familiar: https://nxt-e.com/

[nxtonly]

sharexcoin is much better.
It will be a major competitor very soon.

[qhong]

I wish Sharecoin all the best of luck and why not ? As to the FUND raiser of the exchange also good luck and why not ?

yes you are right, benshitonggensheng, xiangjianhetaiji.....

[malei]

sharexcoin is much better.
It will be a major competitor very soon.

may be , let us keep an eye on the coins...

whether it will have a nice future....

[makoto1337]

I thought this was an interesting article:

http://www.analyticbridge.com/xn/detail/2004291:BlogPost:295873

I wonder what the NEW ECONOMY will look like.