February 14, 2014, 10:13:37 AM
#1
NEM is the New Economy MovementA groundbreaking crypto-currency that gives control of their economy back to the people and establishes them as sovereigns over their own destiny. A currency is an expression of a political ideology and social attitude. Cryptocurency expresses the idea of financial freedom and a new global economic order. There are many cryptocurrency, but do not mistake us as just another one.
We are a New Economy Movement.
NEM :: Descendant of Nxt - NEM - New Economy Movement
Proof of Stake - Financial Freedom - Decentralized
Fair Distribution. Equal Shares for All. The First Egalitarian Crypto.
NEM - development team
See the current core team in our development plan
https://docs.google.com/document/d/1NhxTyi4Eo2D_1m1Ca8zvzQr0_RB0dgM2VuWXAIzcS-I/editNames are BTT accounts, please contact UtopianFuture or other individual team members if you have a question.
A note on organization:
NEM will follow the principle of fluid organization. We believe the NEM's core principles of fairness and equality will attract many other talented developers and helpers. So while all of us are committed to NEM, we would welcome others developers/ helpers to join us and make NEM a success.
NEM discussion thread
https://bitcointalk.org/index.php?topic=426303.0NEM promotion board
https://trello.com/b/GEWEPSZJ/nem-promotion ; Join the board to make your ideas stick.
NEM forum
https://forums.nxtcrypto.org/viewforum.php?f=58&sid=f9b9689593f761096779bfca849bcde6NEM reddit page
http://www.reddit.com/r/nem/NEM bounties : see in the discussion thread or in forum
NEM twitter
https://twitter.com/nemcoinNEM development plan (first draft):
https://docs.google.com/document/d/1NhxTyi4Eo2D_1m1Ca8zvzQr0_RB0dgM2VuWXAIzcS-I/editNEM ongoing stakeholder list
https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdDZ0amZpM00wQXhrR2lJM3pCOGRhNFE#gid=0; huge file update to the end of page 70/ registration thread 2
HOW - TO
This is a call to join a new decentralized network movement. We are looking for active participants that can help NEM in particular and the decentralized network culture in general. The fundraising is especially designed to promote fairness and egalitarianism. This is the first funding scheme of this type ever and we believe it is revolutionary in its effort to bring egalitarianism to the crypto industry. It is also designed to protect your anonymity if you wish to do so.
If you do not have a Bitcointalk account yet, you need to create one to reserve a stake spot. Do not lose the account password, because you will need to access the account later to claim your share.
In the first 20 pages, stake spots are reserved only by showing "interest". After page 20, a fee has been introduced for late participants. People who join after page 20 will still be distributed an equal share of NEM but they have to pay a fee to join in. Then after every 10 pages, the fee will be adjusted as a multiple of the initial fee. Another way to reserve a stake spot is to promote NEM to the outside community. Condition of promotion for a stake spot will be revised every 10 pages by the development team. We would greatly encourage you to spread NEM's idea to mainstream people outside the cryto-community even when you have already reserved a stake spot.
After we reach a critical mass, we will launch the NEM genesis block, (we plan not to have more than 4000 accounts in total, see FAQ below). A total of 4 billion NEM will be distributed equally to all adopters. That means every stakeholder will have an equal and fair share of NEM when NEM blockchain officially starts. Then you can sell- buy NEM freely and let the market forces determine the price.
One Bitcointalk account is entitled to only one stake spot. If you send more than the required amount at one time or multiple times, we will consider it a donation to NEM.
An announcement that lasts at least 5 days will be made in this registration thread, discussion thread and NEM forum after the fundraising is over and the development team is ready for the first NEM distribution. It is your responsibility to read that announcement and follow the instruction to claim your NEM share. Again, do not lose the account password, because you will need to access your account to claim your share.
History of the fund raising :
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First 20 pages : free to join in
pages 21-30 : fee = 0.001 btc or 10nxt
pages 31-40 : fee= 0.002 btc or 20 nxt ;
pages 41-50 : fee= 0.004 btc or 40 nxt
page 51-60 : fee= 0.008btc or 80nxt
page 61-70 : fee=0.016btc or 160nxt
page 71-80 :fee=0.025btc or 250nxt
page 81-90 :fee=0.03btc or 300nxt
page 1-10 :fee=0.035btc or 350nxt
page 11-20 :fee=0.04btc or 400nxt
page 21-30 :fee=0.045btc or 450nxt
page 31-40 :fee=0.05btc or 500nxt
page 41-50 :fee=0.055btc or 550nxt
page 51-60 :fee=0.06btc or 600nxt
page 61-70 :fee=0.065 or 650 nxt
page 71-80 :fee=0.075-------------------------
How to join from page 81 to page 90.
1. Pay a fee to join in
Send 0.08 BTC to the address 1Ghpgsir11J9Ht7x53kK5DG11cKpsD7S41
The fundraising is planned to conclude at the end of page 90.
Automatic registration to new accounts is closed starting from page 90.
Counter sockpuppet measure: Sending address could be checked and if there were already two payments made to NEM's addresses before, then the third payment would be considered a donation. This measure has come into effect at page 81 (registration thread 1) and does not apply retroactively (it is in effect now). So DO NOT SEND the fee to NEM from an exchange, you would need to withdraw to your account first. Thanks for your understanding.
After you send the fee, include the transaction hash in your reply post in this thread, to confirm your stake reservation. The reservation should be made within 10 minutes after sending in the fee.
Donation is welcome but not necessary
2. Promote NEM to receive a stake pot without fee; now only open to accounts dated before 2/1/2014 and with > 20 activities
+ Link this thread to any public forums or social media sites such as twoplustwo and Reddit ; Facebook ; Twitter; tennis, sport, fitness, Flickr, Pininterest etc. anywhere with decent traffic so that people can hear about NEM (but please not in NXT forums); or makes a comment in any crypto related articles so the readers know about NEM. You have to show proof of your work in your reply post in this thread, then you have reserved a stake spot. Please be considerate when you promote NEM to the outside community.
+ Translate this thread to any other language and post it to one of that language's community, then you have reserved for a stake spot.
+ Make a video for NEM, then you have reserved for a stake spot.
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Integrity guaranteed. NXT, BTC sent to this project won't be touched until an official date for the genesis block is announced. The development team is committed that the project will go forward. The money collected here will be dedicated 100% to NEM developers to make the genesis block and other supporting apps. It all goes to make NEM a feasible project.
We are in the first exploratory phase. The first development plan is here
https://docs.google.com/document/d/1NhxTyi4Eo2D_1m1Ca8zvzQr0_RB0dgM2VuWXAIzcS-I/editWhile NXT is the inspiration for NEM's development; NEM code bases would be re-written from ground-up with a focus on security, stability and innovation.
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Please see our development plan for the details of NEM's features. NEM's project is inspired by NXT but NEM's code bases will be re-written completely from the start. NEM plans to combine the best features of Bitcoin and NXT system plus its own innovations.
Highlight innovations includes:
+ Unlike Bitcoin and other mining coins, all NEM would be distributed at the genesis block. NEM stakeholders are its own network nodes which verify the transactions and protect the network following a hybrid of Proof of Stake/ Proof of Importance forging mechanism. This type of distribution eliminates the need to have a mining industry which is an external force that imposes a huge cost to Bitcoin and other POW networks. The computational arm-race is avoided by using the hybrid of Proof of Stake/ Proof of Importance forging mechanism.
+ A novel method Proof of Importance forging that rewards the nodes that re most important to the network, not the nodes with the biggest number of NEM.
+ Support for colored coin implementation and the asset exchange is planned at launch with advanced features such as automatic settlement, assets listed with an expiration date. NEM focuses on the usability of the asset exchange to make them the premier platform for fundraising, asset listing, token issuing etc.
+ Secure messages for contract storage.
V1 blockchain plans to include all these above features, while more advanced features such as parallel blockchains, reputation system are in discussion and will be included in V2 blockchain in later dates.
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Initial NEM codes can be found here
https://github.com/NxtEM/nem-----------------------------
In the future:
If you can run a NEM node, it will help us stabilize and secure the network. If you have invested in NEM, it is beneficial to you to run a VPS to help to secure the NEM network.
How-to run NEM on your Raspberry Pi
NEM videos :
https://www.youtube.com/watch?v=l2cNKqH-4Wchttp://www.youtube.com/watch?v=IuNeM94ZOZM&feature=youtu.beNXT videos go to NXT thread
https://bitcointalk.org/index.php?topic=345619.0Join in if you want to be a part of NEW ECONOMY MOVEMENT.
Disclaimer:
- While we are committed to the idea of "Fair Distribution - Equal Shares for ALL "; the fund raising terms are subject to changes upon the discretion of the development team.
- There is no refund. We are committed to move the project forward. However, in the unlikely event that the project disintegrates, the remaining development fund could be sent to a charity of the community's choice.
- No contractual promise is made to anyone.
- Be patient
FAQ:
1. How many shares of NEM would I get ?
There is no specific number yet. Our current formula is number of NEM per stake spot = total of NEM issued/ (total account stakes + development stakes). At the moment we are aiming for roughly 3-4000 accounts in which 5-10% is development stake, but it could be more, could be less depending on the fund raising.
2. What is the difference between regular stake and development stake ?
No difference except that development stakes are reserved for NEM developers/ helpers and they can use their regular accounts for these stakes.
3. I am an investor. Can I give you 50 BTC to get a bigger stake in NEM ?
NO - NEM's egalitarian principle means no single stakeholder should receive much more NEM than another stake holder regardless of how rich he is. NEM is conceptualized as a movement/ community, and therefore we need active participants rather than investors.
4. How could you prevent multiple buy-ins ?
In short - We can't. Multiple buy-in will be possible with multiple accounts. We also want you to have the ability to buy a NEM stake for your loved ones so they could all join the movement. However accumulating many NEM stakes goes against NEM's principles of fairness and equality, therefore the development team reserves the right to refund you the money if an effort to unfairly accumulate NEM stakes is discovered.
Detail explanations are here
https://bitcointalk.org/index.php?topic=426303.msg4661493#msg4661493https://bitcointalk.org/index.php?topic=426303.msg4671768#msg46717685. I contribute to NEM development so much more than some others. Why don't I have more (development) stakes than him/ her ?
Initially I would make decisions on allocation of development stakes with input from the development team and the community. So this blame falls on me. I will try my best to follow NEM's principle of fairness and equality but mistakes can sometimes happen and some people might be unhappy. On the other hand, NEM is also NO ENVY MOVEMENT. Volunteerism is greatly appreciated.
6. Can you compare NEM to NXT, Mastercoin, CounterParty Protocol and Ethereum ?
In short NEM is the first crypto-coin that no wealthy person or early adopters can obtain a significant percentage of by using money to buy-in or by using a huge mining rig. That to me symbolizes a great sense of fairness and egalitarianism. There will also no one with many NEM available for "dumping" when it starts on an exchange. That means there will be a significant financial upsides to NEM. In a few months, NEM will be the first pure Proof-Of-Stake cryptocurrency which starts out immediately with a huge and equal user base.
