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

[Eadeqa]

4th place is the 3rd loser.

The game is not over yet, and won't be over for years.

4th place is ahead of thousands of other coins, some of them even older

[oldisoft]

I have a few comments about marketing issue.

1. Do not forget our root in equality, solidarity and grassroots contribution.

2. The core team is not community's centralized marketing powerhouse. We are unlikely to do much marketing except some very important ones at our discreation. In general don't expect the core team being  your representative.

3. The majority of NEM belongs to stakeholders and community. If you have a brilliant marketing idea, persuade the community. Given how NEM allocation is very equal, you don't need to persuade any whale at all but the agreement of the community.

4. Let's practice (3) with the idea of hiring a professional marketing manager. If you think it is the best for NEM, persuade the community and raise a fund to do so. If the communty thinks that is a good idea and spend 10% of their stake to support it you will have no problem of hiring a world class marketer.

Very wise words! Absolutely agree!!!

It is very interesting idea to have a professional  marketing manager to us as well ! All our community will be richer in this case!

To be richer- we must to invest! 

[makoto1337]

NEM smartwatch app. Keeping the dream alive.



http://appleinsider.com/articles/14/05/25/inside-the-iwatch-the-technology-apple-is-looking-at-for-your-wrist

In June, Samsung may unveil a "watch-phone", a smartwatch that can make or receive calls without having to be tethered to a mobile phone.
http://www.reuters.com/article/2014/05/23/samsung-mobilephone-idUSL1N0O911Q20140523

Microsoft files for smartwatch patent
money.cnn.com/2014/05/06/technology/innovation/microsoft-smartwatch/

We'll see what comes out at WWDC

[makoto1337]

i dont mean to burst everyones bubble, but i really dont like misunderstandings.
The ones here that are doing the marketing, please give me an honest answer to this:
 
What are you marketing ?
What are you marketing it as?

Nem is nothing but an awesome idea so far, at a pre-alpha stage.
How are you marketing something that has no features so far, no code published, no client and no launch?

i'm honestly curious to hear what people are saying to others in regard to a product that has not launched yet,
this is not a trolling attempt, so please lets all have a serious discussion.

In basically ALL businesses marketing is huge.  Many companies will spend more money on marketing than product development.  Let me say that again, it is more profitable to market a product than it is to actually develop a product.  That seems silly, right?  Wouldn't the best product win?  No, the product that wins is the product that is the best in the eyes of the public, not that actual best product.  The way to win the public is marketing.  

So....... NEM doesn't have a product right now?  Why then do marketing?  Let us look at a few examples.  There is CounterParty, Ethereum, NXT, and Bitshares.  These are all next generation platforms and are possible competitors to NEM.  Three of them have real products and have been developed by people who have real high tech skills. These are NXT, CounterParty, and Bitshares.  Actually, each of these products is very slick, even more so than bitcoin.  But....... none of them are actually worth much.  Why?  Because the people that made them are developers who don't know shit about anything else.  They are really smart people that just because they know one thing, think that they can make it.  They are sadly mistaken.  Being able to write code, doesn't make a product good.  Ethereum on the other hand doesn't even have a working product.  It is really just an idea that aims high and a ton of marketing.  It has professionals on board.  Not just professional coders, but professionals from every aspect and end of a business.  Yes, they are running it like a business, not some dudes writing code on their home computer at night and typing messages on a forum.  Writing code on your computer at night and typing messages on a forum just isn't enough to make it in today's world.  A product needs a lot more support than that.  

So Ethereum has no real working product yet, just an ideal and intense marketing by pros.  Can it be considered successful?  More successful than NXT, Bitshares, and CounterParty?  They are at least up and running with nice products.  If Ethereum were to have its fundraiser tomorrow, sheep from all over the crypto community would line up to throw money at them.  The Ethereum non-product is already worth way more than NXT, Bitshares, and CounterParty real products combined, and when it does come to market on day 1, it will have a market share that reflects this.  100% for sure.  

If NEM wants to be a real force.  It has a choice.  It can choose to be like Ethereum and bring on some pros, or at least some semi-pros into the team for marketing, finance, legal, creative, admin, strategist and so on.  Simply writing a good code won't do it.  

I really would hope that NEM would find people for the development team that could be advisers for each of these areas, and do it now.   Again, I would argue that in a market like crypto that is filled with pump and dump that professional or at least semi-professional marketers would be important.  A semi-pro can give NEM a huge advantage over helping boost NEM over other products that are being developed by great programmers that know little of marketing (I am talking about you NXT, Bitshares, and CounterParty).  

NEM doesn't even have a logo yet.  I know the development team wants to have a product first, but really that isn't how successful stories work.  Ethereum is being made by pros.  They had a slick webpage, logo, t-shirts, and smooth public speakers long before it has ever released a product.  The guys at Ethereum know exactly what they are doing.  It is counter-intuitive.  It doesn't seem like a slick logo and webpage are worth more than a slick product, but yes, they really are.  Again, it is not the best product that wins, but the product that is best in the eyes of the public.  The distinction shouldn't be that big of a deal, but it is indeed a huge deal.  

Making money is not about having a good product.  Making money is about making people "think" you have a good product.  Con-men have known this for ages and are quite successful because of it.  All big companies know this (these are in someways con-men too).  It seems like very few people in this forum really internalize this.  The fact that people even have to ask, "why market?" shows just how clueless people are.  I have no doubt that Okaynow is a very intelligent person and this is not a rant against Okaynow and in certain areas of discourse would school people with his/her knowledge.  This is more of a statement in general that very few people on these forums no shit about actually developing a successful product.  

We are definitely going to get out there and promote NEM leading up to the launch. Now is not the right time yet, but maybe in another 2 months we should put the pressure on and market like crazy.

[makoto1337]

I have a few comments about marketing issue.

1. Do not forget our root in equality, solidarity and grassroots contribution.

2. The core team is not community's centralized marketing powerhouse. We are unlikely to do much marketing except some very important ones at our discreation. In general don't expect the core team being  your representative.

3. The majority of NEM belongs to stakeholders and community. If you have a brilliant marketing idea, persuade the community. Given how NEM allocation is very equal, you don't need to persuade any whale at all but the agreement of the community.

4. Let's practice (3) with the idea of hiring a professional marketing manager. If you think it is the best for NEM, persuade the community and raise a fund to do so. If the communty thinks that is a good idea and spend 10% of their stake to support it you will have no problem of hiring a world class marketer.

If you want something, you should help create it.

[xtester]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Development contract (preliminary draft)

1. Please refer to the NEM summary to all major information about NEM governance up to now and in the future.

2. To current stakeholders: the core development team’s development contract is designed to best advance NEM blockchain innovation, functionality and widespread usages from the core development team’s perspective. It is understandable that some stakeholders would not agree to the terms. In that case, you should request a refund and we should go separate ways in an amicable term. No fund from stakeholders is withheld by the development team involuntarily.

3. To investors: if you want to buy NEM from a current stakeholder or from NEM public auction. Please consult the development contract very carefully and consider it a very risky investment and only invest with what you can afford to lose.

4. The information in NEM summary should be self-sustained. The development team is under no obligation to provide extra information such as an exact release date of the software, team member personal information etc.

NEM Summary

Allocation of NEMshares is as follows:

Stakeholder community distribution            - 2845 = about 71%
Pre launch public auction                         - 155   = about 4%
Development distribution to V1 completion  - 600   = 15%
Development reserve post V1 completion    - 400   = 10%

Total = 4 billion NEM                                - 4000 = 100%

Development to V1 completion consists of:

Core development        400    10%
Promotion/ Marketting   100    2.50%
Ecosystem                  100    2.50%

Explanations:   

- Development fund = initial fund raising + pre-launch public auction   
- Initial fund raising = 66.2 btc + 419,697 nxt (minus some refund)   
- External expenses = independent code audit ; bug tracker bounties; contractor salaries etc.    
- Development fund - external expenses = Development bonus    
- Development bonus is allocated proportionally to Development shares up to V1 blockchain completion    

Development reserve principles:   

- Released over time maximum average 10% every 2 months (after V1 blockchain completion)   
- Focus on important features, big projects and applications for example: private transaction mode, encrypted social messaging system, multi-signature implementation, establish NEM using zones (street, shopping square, commune etc.), important ecosystem projects

Note: Development fund, development reserve, and development shares do not belong to the community. They are under the control of the development team to best advance the NEM blockchain, NEM functionality, NEM widespread usage and community and they will be allocated under the above guidelines.

NEM timeline:
    
Initial fundraising          1/19/2014   2/17/2014  first fundraising thead - second fundraising thread   
Waiting list open           2/21/2014  4/10/2014  waiting list thread
Public auditing of stakeholder list     3/2/2014   4/9/2014  public auditing thread   
Waiting list invitation    4/28/2014   5/9/2014    invitation letter   
Final stakeholder list published        5/10/2014  THE final list   
Development contract published     5/25/2014   Development contract   
NEMstake on asset exchange         5/30/2014   Asset exchange thread   
Open Alpha release                       TBA
NEM stake public auction               After open alpha release
Open Beta release                        estimate August
Official launch                              TBA
V1 blockchain completion               TBA   

History of allocation:   

The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network. The rule of registration is 1 account/ 1 share, however stakeholder can reserve a share for their loved one in a different (new) account. Taint analysis was used during 1 month period of public auditing to find accounts that are related to maintain an even distribution.   ( taint analysis was a surprise factor and not known to be used during the fundrasing and as a result close to 300 accounts were refunded )   

Stakeholder population statistics:   

Group 1: veteran account at least junior member, high activity, acc openned before the fundrasing ---> about 1205 accounts   
Group 2: acc openned after January 16 but have recent activity, average >15 posts, show NEM support ---> about 645 accounts   
Group 3: accounts less than 10 posts, or >10 posts but with junk posts ---> about 995 accounts

155 NEM stakes will be put on a public auction (155 million NEM)

The auction will happen in Bitcoin blockchain and follow the multi auction format: Wiki multi auction format

1. On the auction day, a Bitcoin escrow address will be revealed at a designated time.
2. Each transaction to the escrow address will be considered a bid. Two transactions from the same address to the escrow address will be considered two separate bids.
3. The auction will last at least 24 hours (but less than 36 hours)
4. Bidders could monitor the bidding process in real time via Blockchain.info
5. When the auction ends, X highest bidders (X biggest transactions) will win X stakes
6. We will refund all non-winning bids minus the transaction fee and a service fee. All winning bids will receive back the difference between the winning bid price and lowest winning bid price minus the transaction fee and a service fee. Service fee is for the escrow service (for tallying and refunding the bids)
7. Example: there are 3 bids 1 btc, 1.2 btc and 2 btc and all are winning bids. Since 1 btc is the lowest winning bid price then bidders of 1.2 btc and 2 btc will win a stake and get a refund of 0.2 and 1 btc respectively.
8. There is a limit of two bids for each sending address and taint analysis will be used on the escrow address to make sure no address wins more than 2 stakes.
9. The sending address of the winning bid will be the identifier of the owner of the won stake.
Therefore the winning bid sender should later provide a NEM address to receive the share via a signed message from the sending address. Signed message could be done via popular bitcoin wallets such as multibit, bitcoin-qt or blockchain.info.
10. Bidding recommendation: bidders should consider placing only 1 bid if they want to buy 1 stake and placing the highest bid that they are willing to buy. Since the buying price for all stakes will be equal to the minimum winning bid, there is no risk of over-paying for a stake.

Technical update

The First Development Plan   The first NEM development plan published on 2/9/2013; There are many changes since then and a new development plan will be published soon.
NCC Specification    Ongoing NCC specification.   
NCC Teaser 1   Mock-up design   
NCC Teaser 2   1.5 months old buid (real thing will be better)

Organization:

Please read: Letter of invitation to waiting list   

Core team : UtopianFuture, Jaguar0625, Gimre, Thies, BloodyRookie, Makoto   

Developers and helpers: patmast3r, Krysto, Tranloi, xtester, taumuon, errki12, Kooream, Zoata87 and many more.   

Useful Links:

Our NEM website   
Twitter   
Facebook
Reddit   
Bitcointalk forum discussion thread - Currently, all the lastest updates go there first on the first page.   
Pre-launch asset exchange thread   
Logo package 1   
Logo package 2   

NEM development fund addresses:   
NXT: 14343293611098709683
BTC: 1Lk5Paws9T1YpoSeLeZT7ZeSQKW7UNq4TJ   

P.S. Please pm me if something needs to be corrected or added.

[SomethingElse]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

That was a great post!  Thank you xtester. 

[sxh]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Landmark work. nem entered a rapid development stage.

[utopianfuture]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Landmark work. nem entered a rapid development stage.

@xtester great. stamp a logo in and it probably will work as an investor handout as well.

[jenea4pda]

ALPHA LAUNCH IS SOONER THAN WE THINK.

BETA LAUNCH IS SOONER THAN WE THINK.

Dear Friend! This is lovely sounds, I also hope that it will be soon... but Where did You take this info(SOONER) ?

Tempus fugit.

but it dosn't mean that we( in case of ''Tempus fugit'') closer to ALPHA

But honestly, I, of course, trust and believe that very soon I will test  my NEM wallet!!!

[thuhyl]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Development contract (preliminary draft)

1. Please refer to the NEM summary to all major information about NEM governance up to now and in the future.

2. To current stakeholders: the core development team’s development contract is designed to best advance NEM blockchain innovation, functionality and widespread usages from the core development team’s perspective. It is understandable that some stakeholders would not agree to the terms. In that case, you should request a refund and we should go separate ways in an amicable term. No fund from stakeholders is withheld by the development team involuntarily.

3. To investors: if you want to buy NEM from a current stakeholder or from NEM public auction. Please consult the development contract very carefully and consider it a very risky investment and only invest with what you can afford to lose.

4. The information in NEM summary should be self-sustained. The development team is under no obligation to provide extra information such as an exact release date of the software, team member personal information etc.

NEM Summary

Allocation of NEMshares is as follows:

Stakeholder community distribution            - 2845 = about 71%
Pre launch public auction                         - 155   = about 4%
Development distribution to V1 completion  - 600   = 15%
Development reserve post V1 completion    - 400   = 10%

Total = 4 billion NEM                                - 4000 = 100%

Development to V1 completion consists of:

Core development        400    10%
Promotion/ Marketting   100    2.50%
Ecosystem                  100    2.50%

Explanations:   

- Development fund = initial fund raising + pre-launch public auction   
- Initial fund raising = 66.2 btc + 419,697 nxt (minus some refund)   
- External expenses = independent code audit ; bug tracker bounties; contractor salaries etc.    
- Development fund - external expenses = Development bonus    
- Development bonus is allocated proportionally to Development shares up to V1 blockchain completion    

Development reserve principles:   

- Released over time maximum average 10% every 2 months (after V1 blockchain completion)   
- Focus on important features, big projects and applications for example: private transaction mode, encrypted social messaging system, multi-signature implementation, establish NEM using zones (street, shopping square, commune etc.), important ecosystem projects

Note: Development fund, development reserve, and development shares do not belong to the community. They are under the control of the development team to best advance the NEM blockchain, NEM functionality, NEM widespread usage and community and they will be allocated under the above guidelines.

NEM timeline:
    
Initial fundraising          1/19/2014   2/17/2014  first fundraising thead - second fundraising thread   
Waiting list open           2/21/2014  4/10/2014  waiting list thread
Public auditing of stakeholder list     3/2/2014   4/9/2014  public auditing thread   
Waiting list invitation    4/28/2014   5/9/2014    invitation letter   
Final stakeholder list published        5/10/2014  THE final list   
Development contract published     5/25/2014   Development contract   
NEMstake on asset exchange         5/30/2014   Asset exchange thread   
Open Alpha release                       TBA
NEM stake public auction               After open alpha release
Open Beta release                        estimate August
Official launch                              TBA
V1 blockchain completion               TBA   

History of allocation:   

The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network. The rule of registration is 1 account/ 1 share, however stakeholder can reserve a share for their loved one in a different (new) account. Taint analysis was used during 1 month period of public auditing to find accounts that are related to maintain an even distribution.   ( taint analysis was a surprise factor and not known to be used during the fundrasing and as a result close to 300 accounts were refunded )   

Stakeholder population statistics:   

Group 1: veteran account at least junior member, high activity, acc openned before the fundrasing ---> about 1205 accounts   
Group 2: acc openned after January 16 but have recent activity, average >15 posts, show NEM support ---> about 645 accounts   
Group 3: accounts less than 10 posts, or >10 posts but with junk posts ---> about 995 accounts

155 NEM stakes will be put on a public auction (155 million NEM)

The auction will happen in Bitcoin blockchain and follow the multi auction format: Wiki multi auction format

1. On the auction day, a Bitcoin escrow address will be revealed at a designated time.
2. Each transaction to the escrow address will be considered a bid. Two transactions from the same address to the escrow address will be considered two separate bids.
3. The auction will last at least 24 hours (but less than 36 hours)
4. Bidders could monitor the bidding process in real time via Blockchain.info
5. When the auction ends, X highest bidders (X biggest transactions) will win X stakes
6. We will refund all non-winning bids minus the transaction fee and a service fee. All winning bids will receive back the difference between the winning bid price and lowest winning bid price minus the transaction fee and a service fee. Service fee is for the escrow service (for tallying and refunding the bids)
7. Example: there are 3 bids 1 btc, 1.2 btc and 2 btc and all are winning bids. Since 1 btc is the lowest winning bid price then bidders of 1.2 btc and 2 btc will win a stake and get a refund of 0.2 and 1 btc respectively.
8. There is a limit of two bids for each sending address and taint analysis will be used on the escrow address to make sure no address wins more than 2 stakes.
9. The sending address of the winning bid will be the identifier of the owner of the won stake.
Therefore the winning bid sender should later provide a NEM address to receive the share via a signed message from the sending address. Signed message could be done via popular bitcoin wallets such as multibit, bitcoin-qt or blockchain.info.
10. Bidding recommendation: bidders should consider placing only 1 bid if they want to buy 1 stake and placing the highest bid that they are willing to buy. Since the buying price for all stakes will be equal to the minimum winning bid, there is no risk of over-paying for a stake.

Technical update

The First Development Plan   The first NEM development plan published on 2/9/2013; There are many changes since then and a new development plan will be published soon.
NCC Specification    Ongoing NCC specification.   
NCC Teaser 1   Mock-up design   
NCC Teaser 2   1.5 months old buid (real thing will be better)

Organization:

Please read: Letter of invitation to waiting list   

Core team : UtopianFuture, Jaguar0625, Gimre, Thies, BloodyRookie, Makoto   

Developers and helpers: patmast3r, Krysto, Tranloi, xtester, taumuon, errki12, Kooream, Zoata87 and many more.   

Useful Links:

Our NEM website   
Twitter   
Facebook
Reddit   
Bitcointalk forum discussion thread - Currently, all the lastest updates go there first on the first page.   
Pre-launch asset exchange thread   
Logo package 1   
Logo package 2   

NEM development fund addresses:x   
NXT: 14343293611098709683
BTC: 1Lk5Paws9T1YpoSeLeZT7ZeSQKW7UNq4TJ   

P.S. Please pm me if something needs to be corrected or added.

Good job!

[newNEM]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Development contract (preliminary draft)

1. Please refer to the NEM summary to all major information about NEM governance up to now and in the future.

2. To current stakeholders: the core development team’s development contract is designed to best advance NEM blockchain innovation, functionality and widespread usages from the core development team’s perspective. It is understandable that some stakeholders would not agree to the terms. In that case, you should request a refund and we should go separate ways in an amicable term. No fund from stakeholders is withheld by the development team involuntarily.

3. To investors: if you want to buy NEM from a current stakeholder or from NEM public auction. Please consult the development contract very carefully and consider it a very risky investment and only invest with what you can afford to lose.

4. The information in NEM summary should be self-sustained. The development team is under no obligation to provide extra information such as an exact release date of the software, team member personal information etc.

NEM Summary

Allocation of NEMshares is as follows:

Stakeholder community distribution            - 2845 = about 71%
Pre launch public auction                         - 155   = about 4%
Development distribution to V1 completion  - 600   = 15%
Development reserve post V1 completion    - 400   = 10%

Total = 4 billion NEM                                - 4000 = 100%

Development to V1 completion consists of:

Core development        400    10%
Promotion/ Marketting   100    2.50%
Ecosystem                  100    2.50%

Explanations:   

- Development fund = initial fund raising + pre-launch public auction   
- Initial fund raising = 66.2 btc + 419,697 nxt (minus some refund)   
- External expenses = independent code audit ; bug tracker bounties; contractor salaries etc.    
- Development fund - external expenses = Development bonus    
- Development bonus is allocated proportionally to Development shares up to V1 blockchain completion    

Development reserve principles:   

- Released over time maximum average 10% every 2 months (after V1 blockchain completion)   
- Focus on important features, big projects and applications for example: private transaction mode, encrypted social messaging system, multi-signature implementation, establish NEM using zones (street, shopping square, commune etc.), important ecosystem projects

Note: Development fund, development reserve, and development shares do not belong to the community. They are under the control of the development team to best advance the NEM blockchain, NEM functionality, NEM widespread usage and community and they will be allocated under the above guidelines.

NEM timeline:
    
Initial fundraising          1/19/2014   2/17/2014  first fundraising thead - second fundraising thread   
Waiting list open           2/21/2014  4/10/2014  waiting list thread
Public auditing of stakeholder list     3/2/2014   4/9/2014  public auditing thread   
Waiting list invitation    4/28/2014   5/9/2014    invitation letter   
Final stakeholder list published        5/10/2014  THE final list   
Development contract published     5/25/2014   Development contract   
NEMstake on asset exchange         5/30/2014   Asset exchange thread   
Open Alpha release                       TBA
NEM stake public auction               After open alpha release
Open Beta release                        estimate August
Official launch                              TBA
V1 blockchain completion               TBA   

History of allocation:   

The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network. The rule of registration is 1 account/ 1 share, however stakeholder can reserve a share for their loved one in a different (new) account. Taint analysis was used during 1 month period of public auditing to find accounts that are related to maintain an even distribution.   ( taint analysis was a surprise factor and not known to be used during the fundrasing and as a result close to 300 accounts were refunded )   

Stakeholder population statistics:   

Group 1: veteran account at least junior member, high activity, acc openned before the fundrasing ---> about 1205 accounts   
Group 2: acc openned after January 16 but have recent activity, average >15 posts, show NEM support ---> about 645 accounts   
Group 3: accounts less than 10 posts, or >10 posts but with junk posts ---> about 995 accounts

155 NEM stakes will be put on a public auction (155 million NEM)

The auction will happen in Bitcoin blockchain and follow the multi auction format: Wiki multi auction format

1. On the auction day, a Bitcoin escrow address will be revealed at a designated time.
2. Each transaction to the escrow address will be considered a bid. Two transactions from the same address to the escrow address will be considered two separate bids.
3. The auction will last at least 24 hours (but less than 36 hours)
4. Bidders could monitor the bidding process in real time via Blockchain.info
5. When the auction ends, X highest bidders (X biggest transactions) will win X stakes
6. We will refund all non-winning bids minus the transaction fee and a service fee. All winning bids will receive back the difference between the winning bid price and lowest winning bid price minus the transaction fee and a service fee. Service fee is for the escrow service (for tallying and refunding the bids)
7. Example: there are 3 bids 1 btc, 1.2 btc and 2 btc and all are winning bids. Since 1 btc is the lowest winning bid price then bidders of 1.2 btc and 2 btc will win a stake and get a refund of 0.2 and 1 btc respectively.
8. There is a limit of two bids for each sending address and taint analysis will be used on the escrow address to make sure no address wins more than 2 stakes.
9. The sending address of the winning bid will be the identifier of the owner of the won stake.
Therefore the winning bid sender should later provide a NEM address to receive the share via a signed message from the sending address. Signed message could be done via popular bitcoin wallets such as multibit, bitcoin-qt or blockchain.info.
10. Bidding recommendation: bidders should consider placing only 1 bid if they want to buy 1 stake and placing the highest bid that they are willing to buy. Since the buying price for all stakes will be equal to the minimum winning bid, there is no risk of over-paying for a stake.

Technical update

The First Development Plan   The first NEM development plan published on 2/9/2013; There are many changes since then and a new development plan will be published soon.
NCC Specification    Ongoing NCC specification.   
NCC Teaser 1   Mock-up design   
NCC Teaser 2   1.5 months old buid (real thing will be better)

Organization:

Please read: Letter of invitation to waiting list   

Core team : UtopianFuture, Jaguar0625, Gimre, Thies, BloodyRookie, Makoto   

Developers and helpers: patmast3r, Krysto, Tranloi, xtester, taumuon, errki12, Kooream, Zoata87 and many more.   

Useful Links:

Our NEM website   
Twitter   
Facebook
Reddit   
Bitcointalk forum discussion thread - Currently, all the lastest updates go there first on the first page.   
Pre-launch asset exchange thread   
Logo package 1   
Logo package 2   

NEM development fund addresses:   
NXT: 14343293611098709683
BTC: 1Lk5Paws9T1YpoSeLeZT7ZeSQKW7UNq4TJ   

P.S. Please pm me if something needs to be corrected or added.

Wow, this is an impressive post which collected most of information and showed us the history of NEM. Most of links are available and useful to refer. Thanks for the efforts so that the people like me saved much time to go through each part of NEM.

[xtester]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Landmark work. nem entered a rapid development stage.

@xtester great. stamp a logo in and it probably will work as an investor handout as well.

Thanks. Am working on two more versions with a bit of a logo, introduction and end.

Will post them later.

[ElitistCA]

Im very satisfied with latest posts in this thread. Picture of decentralized community making it big in the world is very romantic. But. Picture of marketing company that run things the most efficiently and uses "know how" is more realistic. I, as rational person tend to choose second.

And dont forget about the viral video. Good story/twist and captivating music is all it takes. It shouldnt be commercial, it should be a "video" people would talk about. Next week Im gonna ask students who study for a film directors at local art school, if they could come with any idea. 

[jenea4pda]

Im very satisfied with latest posts in this thread. Picture of decentralized community making it big in the world is very romantic. But. Picture of marketing company that run things the most efficiently and uses "know how" is more realistic. I, as rational person tend to choose second.

And dont forget about the viral video. Good story/twist and captivating music is all it takes. It shouldnt be commercial, it should be a "video" people would talk about. Next week Im gonna ask students who study for a film directors at local art school, if they could come with any idea. 

Yep! Video and music are very important in promoting any things at all in our world! I remembered NXT video with Nazi, it was really funny to see it and after that I was wondering-why not to buy some NXT??? did You catch my thoughts

[hunanay]

Top 2 Bid order now in AE:
Account                                  Quantity    Price    Total
NXT-5RB8-KJD3-BT3B-E2QWW   0.2         26'000   5'200
NXT-P5JJ-YSAL-G6N7-7WL2N   0.1         25'000   2'500

So cheap! Forget it...

                 Account                       Quantity    Price    Total
NXT-W5VE-QYCQ-XKTY-2P6XE             0.4         28'000   11'200
NXT-5RB8-KJD3-BT3B-E2QWW          0.2         26'000   5'200
NXT-R8MA-SUVG-2CVY-F3EP2           0.1         26'000   2'600

no more change,still cheap

Buy Orders (27)
Account    Quantity    Price    Total
NXT-ATQ2-L28N-4FR6-C6UR2   0.2   50'000   10'000
NXT-W5VE-QYCQ-XKTY-2P6XE   0.4   28'000   11'200
NXT-5RB8-KJD3-BT3B-E2QWW   0.2   26'000   5'200

[hunanay]

Great community, a few days to increase so much pages and post.....

[hunanay]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Development contract (preliminary draft)

1. Please refer to the NEM summary to all major information about NEM governance up to now and in the future.

2. To current stakeholders: the core development team’s development contract is designed to best advance NEM blockchain innovation, functionality and widespread usages from the core development team’s perspective. It is understandable that some stakeholders would not agree to the terms. In that case, you should request a refund and we should go separate ways in an amicable term. No fund from stakeholders is withheld by the development team involuntarily.

3. To investors: if you want to buy NEM from a current stakeholder or from NEM public auction. Please consult the development contract very carefully and consider it a very risky investment and only invest with what you can afford to lose.

4. The information in NEM summary should be self-sustained. The development team is under no obligation to provide extra information such as an exact release date of the software, team member personal information etc.

NEM Summary

Allocation of NEMshares is as follows:

Stakeholder community distribution            - 2845 = about 71%
Pre launch public auction                         - 155   = about 4%
Development distribution to V1 completion  - 600   = 15%
Development reserve post V1 completion    - 400   = 10%

Total = 4 billion NEM                                - 4000 = 100%

Development to V1 completion consists of:

Core development        400    10%
Promotion/ Marketting   100    2.50%
Ecosystem                  100    2.50%

Explanations:   

- Development fund = initial fund raising + pre-launch public auction   
- Initial fund raising = 66.2 btc + 419,697 nxt (minus some refund)   
- External expenses = independent code audit ; bug tracker bounties; contractor salaries etc.    
- Development fund - external expenses = Development bonus    
- Development bonus is allocated proportionally to Development shares up to V1 blockchain completion    

Development reserve principles:   

- Released over time maximum average 10% every 2 months (after V1 blockchain completion)   
- Focus on important features, big projects and applications for example: private transaction mode, encrypted social messaging system, multi-signature implementation, establish NEM using zones (street, shopping square, commune etc.), important ecosystem projects

Note: Development fund, development reserve, and development shares do not belong to the community. They are under the control of the development team to best advance the NEM blockchain, NEM functionality, NEM widespread usage and community and they will be allocated under the above guidelines.

NEM timeline:
    
Initial fundraising          1/19/2014   2/17/2014  first fundraising thead - second fundraising thread   
Waiting list open           2/21/2014  4/10/2014  waiting list thread
Public auditing of stakeholder list     3/2/2014   4/9/2014  public auditing thread   
Waiting list invitation    4/28/2014   5/9/2014    invitation letter   
Final stakeholder list published        5/10/2014  THE final list   
Development contract published     5/25/2014   Development contract   
NEMstake on asset exchange         5/30/2014   Asset exchange thread   
Open Alpha release                       TBA
NEM stake public auction               After open alpha release
Open Beta release                        estimate August
Official launch                              TBA
V1 blockchain completion               TBA   

History of allocation:   

The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network. The rule of registration is 1 account/ 1 share, however stakeholder can reserve a share for their loved one in a different (new) account. Taint analysis was used during 1 month period of public auditing to find accounts that are related to maintain an even distribution.   ( taint analysis was a surprise factor and not known to be used during the fundrasing and as a result close to 300 accounts were refunded )   

Stakeholder population statistics:   

Group 1: veteran account at least junior member, high activity, acc openned before the fundrasing ---> about 1205 accounts   
Group 2: acc openned after January 16 but have recent activity, average >15 posts, show NEM support ---> about 645 accounts   
Group 3: accounts less than 10 posts, or >10 posts but with junk posts ---> about 995 accounts

155 NEM stakes will be put on a public auction (155 million NEM)

The auction will happen in Bitcoin blockchain and follow the multi auction format: Wiki multi auction format

1. On the auction day, a Bitcoin escrow address will be revealed at a designated time.
2. Each transaction to the escrow address will be considered a bid. Two transactions from the same address to the escrow address will be considered two separate bids.
3. The auction will last at least 24 hours (but less than 36 hours)
4. Bidders could monitor the bidding process in real time via Blockchain.info
5. When the auction ends, X highest bidders (X biggest transactions) will win X stakes
6. We will refund all non-winning bids minus the transaction fee and a service fee. All winning bids will receive back the difference between the winning bid price and lowest winning bid price minus the transaction fee and a service fee. Service fee is for the escrow service (for tallying and refunding the bids)
7. Example: there are 3 bids 1 btc, 1.2 btc and 2 btc and all are winning bids. Since 1 btc is the lowest winning bid price then bidders of 1.2 btc and 2 btc will win a stake and get a refund of 0.2 and 1 btc respectively.
8. There is a limit of two bids for each sending address and taint analysis will be used on the escrow address to make sure no address wins more than 2 stakes.
9. The sending address of the winning bid will be the identifier of the owner of the won stake.
Therefore the winning bid sender should later provide a NEM address to receive the share via a signed message from the sending address. Signed message could be done via popular bitcoin wallets such as multibit, bitcoin-qt or blockchain.info.
10. Bidding recommendation: bidders should consider placing only 1 bid if they want to buy 1 stake and placing the highest bid that they are willing to buy. Since the buying price for all stakes will be equal to the minimum winning bid, there is no risk of over-paying for a stake.

Technical update

The First Development Plan   The first NEM development plan published on 2/9/2013; There are many changes since then and a new development plan will be published soon.
NCC Specification    Ongoing NCC specification.   
NCC Teaser 1   Mock-up design   
NCC Teaser 2   1.5 months old buid (real thing will be better)

Organization:

Please read: Letter of invitation to waiting list   

Core team : UtopianFuture, Jaguar0625, Gimre, Thies, BloodyRookie, Makoto   

Developers and helpers: patmast3r, Krysto, Tranloi, xtester, taumuon, errki12, Kooream, Zoata87 and many more.   

Useful Links:

Our NEM website   
Twitter   
Facebook
Reddit   
Bitcointalk forum discussion thread - Currently, all the lastest updates go there first on the first page.   
Pre-launch asset exchange thread   
Logo package 1   
Logo package 2   

NEM development fund addresses:   
NXT: 14343293611098709683
BTC: 1Lk5Paws9T1YpoSeLeZT7ZeSQKW7UNq4TJ   

P.S. Please pm me if something needs to be corrected or added.

@xtester  outstanding job!Thx.

[7585145]

Since I find the information in the NEM Development contract and summary a bit hard to read and make sense of in the presented form, here is all that information presented in a simple way so everyone can find and read it.

Development contract (preliminary draft)

1. Please refer to the NEM summary to all major information about NEM governance up to now and in the future.

2. To current stakeholders: the core development team’s development contract is designed to best advance NEM blockchain innovation, functionality and widespread usages from the core development team’s perspective. It is understandable that some stakeholders would not agree to the terms. In that case, you should request a refund and we should go separate ways in an amicable term. No fund from stakeholders is withheld by the development team involuntarily.

3. To investors: if you want to buy NEM from a current stakeholder or from NEM public auction. Please consult the development contract very carefully and consider it a very risky investment and only invest with what you can afford to lose.

4. The information in NEM summary should be self-sustained. The development team is under no obligation to provide extra information such as an exact release date of the software, team member personal information etc.

NEM Summary

Allocation of NEMshares is as follows:

Stakeholder community distribution            - 2845 = about 71%
Pre launch public auction                         - 155   = about 4%
Development distribution to V1 completion  - 600   = 15%
Development reserve post V1 completion    - 400   = 10%

Total = 4 billion NEM                                - 4000 = 100%

Development to V1 completion consists of:

Core development        400    10%
Promotion/ Marketting   100    2.50%
Ecosystem                  100    2.50%

Explanations:   

- Development fund = initial fund raising + pre-launch public auction   
- Initial fund raising = 66.2 btc + 419,697 nxt (minus some refund)   
- External expenses = independent code audit ; bug tracker bounties; contractor salaries etc.    
- Development fund - external expenses = Development bonus    
- Development bonus is allocated proportionally to Development shares up to V1 blockchain completion    

Development reserve principles:   

- Released over time maximum average 10% every 2 months (after V1 blockchain completion)   
- Focus on important features, big projects and applications for example: private transaction mode, encrypted social messaging system, multi-signature implementation, establish NEM using zones (street, shopping square, commune etc.), important ecosystem projects

Note: Development fund, development reserve, and development shares do not belong to the community. They are under the control of the development team to best advance the NEM blockchain, NEM functionality, NEM widespread usage and community and they will be allocated under the above guidelines.

NEM timeline:
    
Initial fundraising          1/19/2014   2/17/2014  first fundraising thead - second fundraising thread   
Waiting list open           2/21/2014  4/10/2014  waiting list thread
Public auditing of stakeholder list     3/2/2014   4/9/2014  public auditing thread   
Waiting list invitation    4/28/2014   5/9/2014    invitation letter   
Final stakeholder list published        5/10/2014  THE final list   
Development contract published     5/25/2014   Development contract   
NEMstake on asset exchange         5/30/2014   Asset exchange thread   
Open Alpha release                       TBA
NEM stake public auction               After open alpha release
Open Beta release                        estimate August
Official launch                              TBA
V1 blockchain completion               TBA   

History of allocation:   

The purpose of the stakeholder community distribution round  is to spread the majority of NEM evenly and to many stakeholders as long as the logistics allows. The goal is to build a big and decentralized community that can support NEM's exsitence and operation as a decentralized network. The rule of registration is 1 account/ 1 share, however stakeholder can reserve a share for their loved one in a different (new) account. Taint analysis was used during 1 month period of public auditing to find accounts that are related to maintain an even distribution.   ( taint analysis was a surprise factor and not known to be used during the fundrasing and as a result close to 300 accounts were refunded )   

Stakeholder population statistics:   

Group 1: veteran account at least junior member, high activity, acc openned before the fundrasing ---> about 1205 accounts   
Group 2: acc openned after January 16 but have recent activity, average >15 posts, show NEM support ---> about 645 accounts   
Group 3: accounts less than 10 posts, or >10 posts but with junk posts ---> about 995 accounts

155 NEM stakes will be put on a public auction (155 million NEM)

The auction will happen in Bitcoin blockchain and follow the multi auction format: Wiki multi auction format

1. On the auction day, a Bitcoin escrow address will be revealed at a designated time.
2. Each transaction to the escrow address will be considered a bid. Two transactions from the same address to the escrow address will be considered two separate bids.
3. The auction will last at least 24 hours (but less than 36 hours)
4. Bidders could monitor the bidding process in real time via Blockchain.info
5. When the auction ends, X highest bidders (X biggest transactions) will win X stakes
6. We will refund all non-winning bids minus the transaction fee and a service fee. All winning bids will receive back the difference between the winning bid price and lowest winning bid price minus the transaction fee and a service fee. Service fee is for the escrow service (for tallying and refunding the bids)
7. Example: there are 3 bids 1 btc, 1.2 btc and 2 btc and all are winning bids. Since 1 btc is the lowest winning bid price then bidders of 1.2 btc and 2 btc will win a stake and get a refund of 0.2 and 1 btc respectively.
8. There is a limit of two bids for each sending address and taint analysis will be used on the escrow address to make sure no address wins more than 2 stakes.
9. The sending address of the winning bid will be the identifier of the owner of the won stake.
Therefore the winning bid sender should later provide a NEM address to receive the share via a signed message from the sending address. Signed message could be done via popular bitcoin wallets such as multibit, bitcoin-qt or blockchain.info.
10. Bidding recommendation: bidders should consider placing only 1 bid if they want to buy 1 stake and placing the highest bid that they are willing to buy. Since the buying price for all stakes will be equal to the minimum winning bid, there is no risk of over-paying for a stake.

Technical update

The First Development Plan   The first NEM development plan published on 2/9/2013; There are many changes since then and a new development plan will be published soon.
NCC Specification    Ongoing NCC specification.   
NCC Teaser 1   Mock-up design   
NCC Teaser 2   1.5 months old buid (real thing will be better)

Organization:

Please read: Letter of invitation to waiting list   

Core team : UtopianFuture, Jaguar0625, Gimre, Thies, BloodyRookie, Makoto   

Developers and helpers: patmast3r, Krysto, Tranloi, xtester, taumuon, errki12, Kooream, Zoata87 and many more.   

Useful Links:

Our NEM website   
Twitter   
Facebook
Reddit   
Bitcointalk forum discussion thread - Currently, all the lastest updates go there first on the first page.   
Pre-launch asset exchange thread   
Logo package 1   
Logo package 2   

NEM development fund addresses:   
NXT: 14343293611098709683
BTC: 1Lk5Paws9T1YpoSeLeZT7ZeSQKW7UNq4TJ   

P.S. Please pm me if something needs to be corrected or added.

@xtester  outstanding job!Thx.

Very useful. 非常好，谢谢！

[GreenDude]

I have to say i was a bit skeptical but this is starting to be exciting. Great job and great ideas. Go nem.