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

[ShawnLeary]

Is it possible that one single person can buy all of the auctioned stakes?

[formula1]

Is it possible that one single person can buy all of the auctioned stakes?

I think there is a limit of 2 stakes per auction.

[ShawnLeary]

Is it possible that one single person can buy all of the auctioned stakes?

I think there is a limit of 2 stakes per auction.

Seems like we are getting away from the most egalitarian distribution if ppl are allowed more than 1 stake pre-launch.

[formula1]

Is it possible that one single person can buy all of the auctioned stakes?

I think there is a limit of 2 stakes per auction.

Seems like we are getting away from the most egalitarian distribution if ppl are allowed more than 1 stake pre-launch.

Hm is NEM most egalitarian before ? Do the developers take 3-4% each, don't they ? I am in this because of POI and colored coin. People who help the most should get the most so I don't mind the developers but avoid the term "egalitarian". Giving people according to contribution seems better than dividing everything equally.

[gimre]

Hi guys,

What is the status on the initial distribution? What do we have to do to get our stake?

(2) When will NEM launch?
V.1 of the blockchain will launch roughly June 2014. An alpha version of the client for testing will be released roughly May 2014...

V1 is after Beta, and Beta probably won't be in June.

[UtopianBurst]

Hi guys,

What is the status on the initial distribution? What do we have to do to get our stake?

(2) When will NEM launch?
V.1 of the blockchain will launch roughly June 2014. An alpha version of the client for testing will be released roughly May 2014...

V1 is after Beta, and Beta probably won't be in June.

probably won't be in 2014.

[patmast3r]

May alpha looks unlikely?

As a matter of fact it looks like phase 0 could start just within May.
Needless to say i can't guarantee that.

[patmast3r]

I have added NEM to my analysis spreadsheet. It did very good and the only 2 categories it scored low, are impossible to get higher without a launch/beta.

We will see great things from NEM!

Take a look at my analysis here: https://twitter.com/TwinWinNerD/status/468934733205098496

I like that you're making this analysis it might help newbies get an idea of what's what.
However I can't take any analysis seriously that gives NAS 2 points for innovation (or any positive number at all).

I won't go into what I think about the NEM evaluation since it hasn't been launched and therefore I assume the value is temporary.

[makoto1337]

Public alpha in May is unlikely, though it looks like we might get something running for developers.

V1 blockchain will almost surely be released within the next few months.

[patmast3r]

Update on the issue of Token Issuance. https://bitcointalk.org/index.php?topic=616467.0

I know someone who will be very happy to see this 

[Eadeqa]

Update on the issue of Token Issuance. https://bitcointalk.org/index.php?topic=616467.0

I know someone who will be very happy to see this  

I am happy because I don't want my stake tied to BTT ID. 2Kool4Skewl already lost his account as his account got banned. He is probably not the only one. Some accounts were hacked too (i.e James jj77).

I am not sure how many accounts will never come back and claim their stakes. That number can be as high as 25% (going by the fact that out of 100 Nxt stakeholders only 73 claimed the coins eventually).
 

[mjrmac]

Is it possible that one single person can buy all of the auctioned stakes?

I think there is a limit of 2 stakes per auction.

Seems like we are getting away from the most egalitarian distribution if ppl are allowed more than 1 stake pre-launch.

Hm is NEM most egalitarian before ? Do the developers take 3-4% each, don't they ? I am in this because of POI and colored coin. People who help the most should get the most so I don't mind the developers but avoid the term "egalitarian". Giving people according to contribution seems better than dividing everything equally.

> avoid the term "egalitarian".

Why?  



Also some ppl  say "NEM is too slow, I can't wait. Avoid the term "speed" !"

Why?  I ask again


To both "speed" and "egalitarian" can be given some values to describe them.
egalitarian is different in the way that in very ideal cases there can be the ideal egalitarian (for example 1 to all). But in practice there are no ideal cases, something must be bent, then can be evaluated the egalitarian value for these,
a. 1 gets 20%, 4 get 20%  the rest get 60%
b. 1 gets 90%, the rest get 10%
c. 99.5% gets 0.09% each, 0.5% gets 2% each
d. and so on

There, calculate the egalitarian, don't whine that there is no egalitarian at all!

[patmast3r]

Update on the issue of Token Issuance. https://bitcointalk.org/index.php?topic=616467.0

I know someone who will be very happy to see this  

I am happy because I don't want my stake tied to BTT ID. 2Kool4Skewl already lost his account as his account got banned. He is probably not the only one. Some accounts were hacked too (i.e James jj77).

I am not sure how many accounts will never come back and claim their stakes. That number can be as high as 25% (going by the fact that out of 100 Nxt stakeholders only 73 claimed the coins eventually).
 

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

[patmast3r]

Is it possible that one single person can buy all of the auctioned stakes?

I think there is a limit of 2 stakes per auction.

Seems like we are getting away from the most egalitarian distribution if ppl are allowed more than 1 stake pre-launch.

Hm is NEM most egalitarian before ? Do the developers take 3-4% each, don't they ? I am in this because of POI and colored coin. People who help the most should get the most so I don't mind the developers but avoid the term "egalitarian". Giving people according to contribution seems better than dividing everything equally.

> avoid the term "egalitarian".

Why?  



Also some ppl  say "NEM is too slow, I can't wait. Avoid the term "speed" !"

Why?  I ask again


To both "speed" and "egalitarian" can be given some values to describe them.
egalitarian is different in the way that in very ideal cases there can be the ideal egalitarian (for example 1 to all). But in practice there are no ideal cases, something must be bent, then can be evaluated the egalitarian value for these,
a. 1 gets 20%, 4 get 20%  the rest get 60%
b. 1 gets 90%, the rest get 10%
c. 99.5% gets 0.09% each, 0.5% gets 2% each
d. and so on

There, calculate the egalitarian, don't whine that there is no egalitarian at all!

I explained my view on that in greater detail before but it pretty much boils down to:

egaliarian/fair != equal amounts for everyone

[Eadeqa]

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

Yes, as long as they have original wallet and can sign or prove it. Otherwise they are screwed

[Eadeqa]

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

Yes, as long as they have original wallet and can sign or prove it. Otherwise they are screwed

By the way, the first 20 pages were free giveaway. They don't even have a wallet to prove anything

2Kool belonged to that group

[mr smith]

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

Yes, as long as they have original wallet and can sign or prove it. Otherwise they are screwed

By the way, the first 20 pages were free giveaway. They don't even have a wallet to prove anything

2Kool belonged to that group

For once i agree with something you state <PROGRESS>
We do have ournem and could be all given add on ID's there to bolster security for the paranoid element. Seems like a lot of hard work though.

[Eadeqa]

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

Yes, as long as they have original wallet and can sign or prove it. Otherwise they are screwed

By the way, the first 20 pages were free giveaway. They don't even have a wallet to prove anything

2Kool belonged to that group

For once i agree with something you state <PROGRESS>.

WTH? I don't even remember you. If we talked before, must have not left an impression on me.

[mjrmac]

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

Yes, as long as they have original wallet and can sign or prove it. Otherwise they are screwed

By the way, the first 20 pages were free giveaway. They don't even have a wallet to prove anything

2Kool belonged to that group

For once i agree with something you state <PROGRESS>.

WTH? I don't even remember you. If we talked before, must have not left an impression on me.

If you read your message, you realize that your writing style is so "personal" that every hecks member notices it           Likely no one wants to leave an impression on you, srry

[patmast3r]

People can come and tell us that in the refund thread. Once they proof it's them via a signed message we exchange the old account for the new one. E.g. James already did that and he is not the only one.

Yes, as long as they have original wallet and can sign or prove it. Otherwise they are screwed

By the way, the first 20 pages were free giveaway. They don't even have a wallet to prove anything

2Kool belonged to that group

Yeah, well - we can't work around everything. It was clearly stated that btt accounts would be necessary to claim stakes.
It sucks for the people that are affected and were excited about NEM but there's really not much we can do.