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

[bitwhizz]

So they are twenty times more, and there's nothing released yet......

[McDoxy]

So they are twenty times more, and there's nothing released yet......

Yup. And this tells you something about NEMs market potential.
If you think it's overvalued, don't buy. And maybe get left beside the road when it takes off at launch.
This is a decision every investor has to make for himself.

[sisx2007]

Where do I get nemStake?

on the nxt AE

[patmast3r]

how the hell is that going to work??? theres nothing to send to nxt-e lol

I guess they must have some kind of integration of the AE i.e. you use nxt-e website to buy assets and they use the API to actually make the trades on the AE.

[lumierre]

how much more expensive is it to buy it off the asset exchange, comapred to when it was released?

You mean when people reserved stakes?  For me: 125000%

So they are twenty times more, and there's nothing released yet......

It's not like a person turned 10 BTC to 12,500 BTC. There was a maximum amount of BTC you could invest into the initial IPO. Taking that into consideration, an original stakeholder would only have a maximum gain of about 2 BTC at current prices. Nobody has turned into a millionaire overnight.

[bitwhizz]

Ok does anyone know how actually purchase an asset using the nxt asset exchange? I'm having troubles

[lumierre]

Ok does anyone know how actually purchase an asset using the nxt asset exchange? I'm having troubles

What seems to be the problem?

[patmast3r]

can a dev confirm if its 2.0 or 3.0 generation?

I think there are no solid definitions of 2.0 or 3.0.
NXT called itself 2.0 which I think started the whole "generation" fuzz but I'm not sure there are actuall definitions.
If we see non-POW coins as 2nd gen then NXT was by no means the first 2nd gen (unless we only count 100% non POW coins and no hybrids). If we see transparent forging as 2nd gen then any other advanced feature could be 2nd gen as well so there is no way to tell where 3rd gen starts (leaving aside the fact that transparent forging is afaik not yet implemented).

I think if POI works as intended then it could be considered 3rd gen as it would be another improvement over the existing algos.
So it would be...

POW -> POS -> POI

...which would make sense to me but again...hard to say.

Could also be POW -> POW/POS -> POS -> POI.


Asking me I think the whole generation question is a huge amount of bs. Who cares ?

[bitwhizz]

Thanks, but can i purchase it online using the online wallet (this is where i am having difficulty just trying to find  a buy button)? or is downloading a client necessary,

[Eadeqa]

Thanks, but can i purchase it online using the online wallet (this is where i am having difficulty just trying to find  a buy button)? or is downloading a client necessary,

There is no online wallet with asset exchange fully implemented yet.

You need this wallet which is easy to install http://nxtra.org/nxt-wallet/

[bitwhizz]

thanks, problem solved

[xtester]

The Open Alpha is scheduled on 6/25. Let's the countdown begin. We will be inviting selective users into the closed Alpha testing starting in a couple of days. The priority goes to helpers/ volunteers who are in the Trello board or answer the volunteer survey earlier so there is no need to sign up now. Thanks.

On behalf of the NEM dev. team.

I am making a countdown timer for this, what timezone will it be in?

[miguodong]

can a dev confirm if its 2.0 or 3.0 generation?

I think there are no solid definitions of 2.0 or 3.0.
NXT called itself 2.0 which I think started the whole "generation" fuzz but I'm not sure there are actuall definitions.
If we see non-POW coins as 2nd gen then NXT was by no means the first 2nd gen (unless we only count 100% non POW coins and no hybrids). If we see transparent forging as 2nd gen then any other advanced feature could be 2nd gen as well so there is no way to tell where 3rd gen starts (leaving aside the fact that transparent forging is afaik not yet implemented).

I think if POI works as intended then it could be considered 3rd gen as it would be another improvement over the existing algos.
So it would be...

POW -> POS -> POI

...which would make sense to me but again...hard to say.

Could also be POW -> POW/POS -> POS -> POI.


Asking me I think the whole generation question is a huge amount of bs. Who cares ?

I totally agree with you patmast3r, and I think the point for a new coin is not 2.0 or 3.0 because there is no clear defination of 2 or 3. The major point for NEM is it provides an increasing number of different functionality, new ideas, new applications which could support sustainable development and evolvement of NEM.

[bitwhizz]

So at current price on the assset exchange NEM is being valued at around 5 million dollars

[McDoxy]

So at current price on the assset exchange NEM is being valued at around 5 million dollars

Roughly ... yes.

I expect it to go to $50m at least within the first 6 months.

[rockethead]

The Open Alpha is scheduled on 6/25. Let's the countdown begin. We will be inviting selective users into the closed Alpha testing starting in a couple of days. The priority goes to helpers/ volunteers who are in the Trello board or answer the volunteer survey earlier so there is no need to sign up now. Thanks.

On behalf of the NEM dev. team.

I am making a countdown timer for this, what timezone will it be in?

I believe UTC timezone is the easiest to base on.

[NakedPony]

So at current price on the assset exchange NEM is being valued at around 5 million dollars

Roughly ... yes.

I expect it to go to $50m at least within the first 6 months.

Very optimistic)
NXT now is only $60m. Considering whales with millions in cold wallets its its $30m.

Realistic value $5-10m imho.

[zhuzhu_15]

The Open Alpha is scheduled on 6/25. Let's the countdown begin. We will be inviting selective users into the closed Alpha testing starting in a couple of days. The priority goes to helpers/ volunteers who are in the Trello board or answer the volunteer survey earlier so there is no need to sign up now. Thanks.

On behalf of the NEM dev. team.

I am making a countdown timer for this, what timezone will it be in?

Just do it, i'm looking forward to it.

[gentlemand]

Very optimistic)
NXT now is only $60m. Considering whales with millions in cold wallets its its $30m.

Realistic value $5-10m imho.

The whale issue is what has held NXT back. If it didn't have that hanging over it then I'm sure it would be far, far higher than it is today.

[midnight_rgs]

The Open Alpha is scheduled on 6/25. Let's the countdown begin. We will be inviting selective users into the closed Alpha testing starting in a couple of days. The priority goes to helpers/ volunteers who are in the Trello board or answer the volunteer survey earlier so there is no need to sign up now. Thanks.

On behalf of the NEM dev. team.

 

Good news!