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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2068102 times)
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patmast3r
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June 17, 2014, 03:49:29 PM
 #121

A couple of suggestions regarding the profit of 156 auction stakes, todays price about 468 BTC (coul be more) :

1. Use it for corporate desing and big marketing bomb soon after launch.
2. ...or devs could quit their dayjobs and consetrate to just NEM for a while to get even more work done.
3. ...or use it to send a marketing group to many bitcoin-conferences and payexpo's etc. to advertise NEM and get some contacts and make deals. (It worked great for NXT)

Those are exactly the kind of things all funds that are allocated for the future of NEM will be used.

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June 17, 2014, 03:50:36 PM
 #122

Let me address some of the issues.

Regarding dev fund, as of today UF already spend 10.5BTC for UI/UX. And the estimate is another 10btc till Aug.
The dev fund is controlled by dev team, the accounts are in first post.


There are/were two main reasons for public auction:
  • get more stakeholder, to have 3000 stakes altogether,
  • get funds for future work (mainly for external expenses),
  • public auction would most likely be held AFTER BETA.

When it comes to me (and I think I express view of other devs too), I'm here for NEM, not for btc.
Whether public auction will be held (I think it should as it was promised), and how many stakes
will there be, is TBD. We will definitely take Eadeqa's fears and doubts into consideration.
(Give us few days time for some internal discussion)

Regarding 15%, keep in mind there is 400/100/100 split there, so it's not only dev but also promotion and ecosystem.

The 10% reserve, is supposed to go for FUTURE projects and it will be LOCKED (using NEM business rules).


How about we use a large percentage of the auction proceeds to benefit Sean's outpost or another non-profit organization.  This would be a great public relations event.
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June 17, 2014, 03:56:36 PM
 #123

Let me address some of the issues.

Regarding dev fund, as of today UF already spend 10.5BTC for UI/UX. And the estimate is another 10btc till Aug.
The dev fund is controlled by dev team, the accounts are in first post.


There are/were two main reasons for public auction:
  • get more stakeholder, to have 3000 stakes altogether,
  • get funds for future work (mainly for external expenses),
  • public auction would most likely be held AFTER BETA.

When it comes to me (and I think I express view of other devs too), I'm here for NEM, not for btc.
Whether public auction will be held (I think it should as it was promised), and how many stakes
will there be, is TBD. We will definitely take Eadeqa's fears and doubts into consideration.
(Give us few days time for some internal discussion)

Regarding 15%, keep in mind there is 400/100/100 split there, so it's not only dev but also promotion and ecosystem.

The 10% reserve, is supposed to go for FUTURE projects and it will be LOCKED (using NEM business rules).


How about we use a large percentage of the auction proceeds to benefit Sean's outpost or another non-profit organization.  This would be a great public relations event.

i disagree, i think that amount of money can be much better spent on the likes of conferences in the future, a big marketing campaign, infrastructure costs like ATM's ect. theres so much that can be done with that sort of money it would be nuts to give a big chunk of it away. giving to charity gets a short term burst of recognition and then fades away. pointless imo.

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June 17, 2014, 03:57:52 PM
 #124

Let me address some of the issues.

Regarding dev fund, as of today UF already spend 10.5BTC for UI/UX. And the estimate is another 10btc till Aug.
The dev fund is controlled by dev team, the accounts are in first post.


There are/were two main reasons for public auction:
  • get more stakeholder, to have 3000 stakes altogether,
  • get funds for future work (mainly for external expenses),
  • public auction would most likely be held AFTER BETA.

When it comes to me (and I think I express view of other devs too), I'm here for NEM, not for btc.
Whether public auction will be held (I think it should as it was promised), and how many stakes
will there be, is TBD. We will definitely take Eadeqa's fears and doubts into consideration.
(Give us few days time for some internal discussion)

Regarding 15%, keep in mind there is 400/100/100 split there, so it's not only dev but also promotion and ecosystem.

The 10% reserve, is supposed to go for FUTURE projects and it will be LOCKED (using NEM business rules).


How about we use a large percentage of the auction proceeds to benefit Sean's outpost or another non-profit organization.  This would be a great public relations event.

Unwise whilst NEM is undervalued.

Marketing is a Key priority to any organisation. We were supposed to have an auction after the release of Alpha. With the capital raised used to hire Pro marketing.

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June 17, 2014, 05:09:17 PM
 #125

@mr smith, Absolutely agree to hire Pro marketing.
This is really great sounds, Marketing is the first priority after coding.

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June 17, 2014, 05:14:24 PM
 #126

I'm stakeholderlist, but haven't heared anything more from the developers. how do I get my coins on launch? I must be more active maybe

  ►  NEW ECONOMY MOVEMENT  ◄ 
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June 17, 2014, 05:21:39 PM
 #127

@all. Qora had a troll that ceased activities after being reported for spamming in a fashion that made debate rather impossible. CfA does make consecutive posts, is being redundant, and makes multiple topics on the same issue. I could imagine that a couple of reports could make a mod convince CfA to go easy on the reply/create new topic button.  

Meanwhile. I'm very happy to see that NEM didn't suffer too much damage from UP's mistake. IMO UP's case is more like Bill Clinton's than Trendon D. Shavers'...

But since all has been said and done already: huge high five to everyone for handling this like grown-ups. Brilliant future ahead Smiley

burp...
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June 17, 2014, 05:26:22 PM
 #128

A couple of suggestions regarding the profit of 156 auction stakes, todays price about 468 BTC (coul be more) :

1. Use it for corporate desing and big marketing bomb soon after launch.
2. ...or devs could quit their dayjobs and consetrate to just NEM for a while to get even more work done.
3. ...or use it to send a marketing group to many bitcoin-conferences and payexpo's etc. to advertise NEM and get some contacts and make deals. (It worked great for NXT)

Those are exactly the kind of things all funds that are allocated for the future of NEM will be used.

Ok, not much choice either, because the extra stakes added up to stakeholders current stakes coud be problematic, because there is allready million NEM/stake sales been done in NXT-AE   Grin
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June 17, 2014, 05:33:08 PM
 #129

@mr smith, Absolutely agree to hire Pro marketing.
This is really great sounds, Marketing is the first priority after coding.

Yes hopefully Beta won't be to long after Alpha. The auction will also generate a significant buzz.
US Marshals are to auction 3000 BTC about $17m worth on the 27th. That would buy a lot of marketing !
Problem is you need to deposit $200,000 and provide ID.

The ID side of things puts me off  Smiley
Will hodl my Nem instead !

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June 17, 2014, 05:35:41 PM
 #130

A couple of suggestions regarding the profit of 156 auction stakes, todays price about 468 BTC (coul be more) :

1. Use it for corporate desing and big marketing bomb soon after launch.
2. ...or devs could quit their dayjobs and consetrate to just NEM for a while to get even more work done.
3. ...or use it to send a marketing group to many bitcoin-conferences and payexpo's etc. to advertise NEM and get some contacts and make deals. (It worked great for NXT)

Those are exactly the kind of things all funds that are allocated for the future of NEM will be used.

Ok, not much choice either, because the extra stakes added up to stakeholders current stakes coud be problematic, because there is allready million NEM/stake sales been done in NXT-AE   Grin

why not start sending people to conferences straight after the alpha? ethereum goes to them, why not us? could sell stakes at the conferences! give a couple away to major crypto companies like exchange ceos payment processors ect. i read somewhere that the api will be released after alpha so im guessing much more technical details will be available. if people buy a stake at them they can choose to just give details to claim later or if they know about nxt, an account could be set up for them and send the stake to their account their and then!

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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June 17, 2014, 06:46:36 PM
 #131

A couple of suggestions regarding the profit of 156 auction stakes, todays price about 468 BTC (coul be more) :

1. Use it for corporate desing and big marketing bomb soon after launch.
2. ...or devs could quit their dayjobs and consetrate to just NEM for a while to get even more work done.
3. ...or use it to send a marketing group to many bitcoin-conferences and payexpo's etc. to advertise NEM and get some contacts and make deals. (It worked great for NXT)

Those are exactly the kind of things all funds that are allocated for the future of NEM will be used.

Ok, not much choice either, because the extra stakes added up to stakeholders current stakes coud be problematic, because there is allready million NEM/stake sales been done in NXT-AE   Grin

why not start sending people to conferences straight after the alpha? ethereum goes to them, why not us? could sell stakes at the conferences! give a couple away to major crypto companies like exchange ceos payment processors ect. i read somewhere that the api will be released after alpha so im guessing much more technical details will be available. if people buy a stake at them they can choose to just give details to claim later or if they know about nxt, an account could be set up for them and send the stake to their account their and then!

^ This: There will be a time and place for donations. But anything that helps increase liquidity and get coins in to the hands of the every day Joe and not crypto nerds is our mission if we are to uphold "new economy movement". Anything else is a disservice to the people stuck using fiat that governments print at will.

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June 17, 2014, 06:51:12 PM
 #132

The costs.  Tens of thousands for flights / hotel rooms / booth rental only to advertise to the hundred or so people who show up, most being from other coins.

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June 17, 2014, 07:00:34 PM
 #133

The costs.  Tens of thousands for flights / hotel rooms / booth rental only to advertise to the hundred or so people who show up, most being from other coins.

I don't want the developers to get intertwined in politics & socializing.  BTC's stuff isn't hosted by Satoshi or even the foundation, third parties do it.

I'm sure we could find volunteers local to the area? Who said it had to be devs? Socialization is everything for cryptos don't you think? We can't rely on people seeking this stuff out for themselves on the net. You have to put it in front of them. I'm not saying it needs to be a trade show necessarily, but we need folks socializing this stuff. Just be smart about it. Pay for a booth, use a local NEM person willing to travel out of their own interest (I'd consider it for example) armed with prepared material by the community. It doesn't have to be lavish.

Edit: I think my point here is that I talk to a lot of people daily that don't quite get this whole "bitcoin" thing. When I explain things like frictionless transactions and native currency exchanges from buyer to seller their eyes light up and they say "yeah my brother has to wire money to his daughter in university over seas and it's such a total drag! that sounds great". Then give them a way to easily do that from their mobile, and they are hooked and they tell a friend and so on. So maybe while not trade shows (those people already get cryptos right?), we need some sort of community awareness thing. Maybe parents attending university orientations or something... put a booth up next to the Greek community and give them a QR code for the app in the app store Tongue.

The task we are charged with is helping people see the relevance to their lives. Why should I use this if I can just use the money in my pocket today? To show them this has use, and isn't just some funny Internet money. Libertarians get it, and underworld figures get it, and certainly the governments and banks get it. Everyone is fighting for the hearts and minds of the common man who ultimately is the one that decides what is to prevail. What useful functions can it serve for mere mortals? This is a cultural shift. People have to trust it. They can trust it when they can see how easy it is to move between fiat and nem. Banks and governments won't make that easy for us. Things like VirWox / SLL, Cryptsy, and the 10 other sites you need to jump through to move between the two is one of our big headaches. I know my mom would never be willing to deal with any of that. I don't think you can move to people using it exclusively until they feel at ease moving between what they do today and something new. I could be wrong.

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June 17, 2014, 07:39:46 PM
 #134

WP on the new thread.
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June 17, 2014, 08:02:17 PM
 #135

Can anyone explain API in simple terms what is API ? Also Fiat notes have a serial number>
cryptocurrency coins , do they all have a unique serial numbers ?

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June 17, 2014, 08:10:26 PM
 #136

Can anyone explain API in simple terms what is API ? Also Fiat notes have a serial number>
cryptocurrency coins , do they all have a unique serial numbers ?

Application Programming Interface

It tells other people that might use or interface with your system how to do it. So if some other person or entity wants to write some other application, say a mobile app, that talks to NEM (let's say an auction house that uses NEMs Asset Exchange under the covers), it tells them how to write code to interface with it. I'm sure others can do a better job than I did.

As for serial numbers, I think it comes down to your philosophical belief in things like Dark coin. Should people be able to transact anonymously? In a Libertarian sense I say yes, but it would also make black markets and illegal activity much more difficult to police. It's a double edged sword. Again, crypto geeks will probably have a better idea about the block chain and what the analogy is there with respect to a coin being minted. I'd guess not since the denominations are not pre-set.

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June 17, 2014, 08:24:18 PM
 #137


Edit: I think my point here is that I talk to a lot of people daily that don't quite get this whole "bitcoin" thing. When I explain things like frictionless transactions and native currency exchanges from buyer to seller their eyes light up and they say "yeah my brother has to wire money to his daughter in university over seas and it's such a total drag! that sounds great". Then give them a way to easily do that from their mobile, and they are hooked and they tell a friend and so on. So maybe while not trade shows (those people already get cryptos right?), we need some sort of community awareness thing. Maybe parents attending university orientations or something... put a booth up next to the Greek community and give them a QR code for the app in the app store Tongue.

The task we are charged with is helping people see the relevance to their lives. Why should I use this if I can just use the money in my pocket today? To show them this has use, and isn't just some funny Internet money. Libertarians get it, and underworld figures get it, and certainly the governments and banks get it. Everyone is fighting for the hearts and minds of the common man who ultimately is the one that decides what is to prevail. What useful functions can it serve for mere mortals? This is a cultural shift. People have to trust it. They can trust it when they can see how easy it is to move between fiat and nem. Banks and governments won't make that easy for us. Things like VirWox / SLL, Cryptsy, and the 10 other sites you need to jump through to move between the two is one of our big headaches. I know my mom would never be willing to deal with any of that. I don't think you can move to people using it exclusively until they feel at ease moving between what they do today and something new. I could be wrong.

I completely agree with this point. IMO Bitcoin would have reached way more people by now if the marketing stopped focusing on the tech side, and focused much more on the usability side.

A lot of people are happy letting banks hold onto their money simply because it's the most convenient option for them, once a crypto is proven to be as convenient as online banking, I think we will see a huge adoption rate (honestly there is no reason that it shouldn't be way more convenient than online banking, there's no BS signup and verification process with NEM).


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June 17, 2014, 09:09:21 PM
 #138

Can anyone explain API in simple terms what is API ? Also Fiat notes have a serial number>
cryptocurrency coins , do they all have a unique serial numbers ?

Application Programming Interface

It tells other people that might use or interface with your system how to do it. So if some other person or entity wants to write some other application, say a mobile app, that talks to NEM (let's say an auction house that uses NEMs Asset Exchange under the covers), it tells them how to write code to interface with it. I'm sure others can do a better job than I did.

As for serial numbers, I think it comes down to your philosophical belief in things like Dark coin. Should people be able to transact anonymously? In a Libertarian sense I say yes, but it would also make black markets and illegal activity much more difficult to police. It's a double edged sword. Again, crypto geeks will probably have a better idea about the block chain and what the analogy is there with respect to a coin being minted. I'd guess not since the denominations are not pre-set.
Thanks i kinda get it, will give it some thought whilst meditating over a football match  Smiley


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June 17, 2014, 10:51:14 PM
 #139

The costs.  Tens of thousands for flights / hotel rooms / booth rental only to advertise to the hundred or so people who show up, most being from other coins.


That, in bold.

In order to get NEM to have a wider adoption outside of those already familiar with crypto's, things like youtube and facebook would be my first port of call.



I completely agree with this point. IMO Bitcoin would have reached way more people by now if the marketing stopped focusing on the tech side, and focused much more on the usability side.

A lot of people are happy letting banks hold onto their money simply because it's the most convenient option for them, once a crypto is proven to be as convenient as online banking, I think we will see a huge adoption rate (honestly there is no reason that it shouldn't be way more convenient than online banking, there's no BS signup and verification process with NEM).


Actually, i think the rationale behind alot of the "average joe" user goes a bit like this:

1. They read FUD in mainstream media which in often cases only reports on stories that are controversial or negative (on the subject of crypto's that is) - negativity is frequently good clickbait as people are more inclined to express outrage or negativity then they are praise. It's a human trait. (Although granted, Bitcoin deserves criticism in many respects, if it didn't, i wouldn't invest in non-PoW coins, however mainstream media tends to literally spread FUD when it deals with Cryptocurrency, largely through ignorance and a agenda, this leads to outright scorn, not criticism. )

2. The corresponding opinion as a result of mainstream media makes them uninterested or inclined to believe Crypto's are scams or unsafe - and in many respects, they're right. This forum is full to the brim of scamcoins. Even bitcoin, being still rather young, is volatile in terms of valuation -this makes it unsafe to stash away your hard earned savings/money in it.


With the above things in mind, NEM will likely struggle to make it into mainstream adoption unless it's able to market itself like Bitcoin did; on the allure of "money for nothing" or "mining". I for one think a few viral video's and some well placed, timed Facebook marketing is in order - but obviously on more honest and transparent principles.

The biggest thing going for NEM right now is it's rather large initial distribution - this gives it more security, and the more who already join in, the more secure it will become.
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June 17, 2014, 11:43:00 PM
 #140

Moderated threads scare me a bit.
Or we need a certain level of generosity I think.

QORA | 2ND GEN | NEW SOURCE CODE | QftJiaRTEVDJqqaa3K4wEDaH1MeDhFr1Mm
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