NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[jabo38]

No, I'm afraid that's incorrect.

Very good, I'll wait for the analysis publication then.

unless there is a good reason not to, I agree with releasing the analysis.

There is still the extended redemption of two months. It does not make any sense to release an analysis publication until the extended redemption is over (2 months after launch), otherwise it would give those people between 2 months to a year from today (after reading said publication) to find ways to circumvent detection.


As for the extended redemption - absolutely in no circumstance should it be processed by a per person basis.   NEM should only sent until after the two months are over and Patmast3r had time to look at all the late redemption requests and conduct sock analysis.  If that isn't done then I would be highly suspicious of this coin as most definitely sock masters would pass through if it was like: *Applies and gets coins within 20 seconds with no analysis*

I am going to agree, sock masters don't know how they were caught so there is no point in announcing it.  We need to wait until all the BTT late redeemers are in to make sure that none of them are cheats.

What if the sock master with 200 accounts found his lost list of an extra 100 that he wasn't able to redeem before?   It is unlikely, but we just don't know. 

[greentea]

so with the recent socks kicked out (~ 400 accounts)

Come someone post a breakdown of how the current stakes/XEM will be distributed to the remaining stakeholders, developers, funds, etc .... with numbers?

[makoto1337]

so with the recent socks kicked out (~ 400 accounts)

Come someone post a breakdown of how the current stakes/XEM will be distributed to the remaining stakeholders, developers, funds, etc .... with numbers?

As discussed a few posts back, we won't have final numbers until the extended redemption period is over.

It looks like around 1566.5 stakes will be distributed to 1397 unique NEM addresses at launch. These are not final numbers, just preliminary numbers. Eventually I expect that another 200 of the unclaimed, etc, will get their stakes, so around 1750 stakes will likely be distributed to stakeholders, but that is just my opinion.

Overall, this is still qualitatively better than what other coins have seen
I am very optimistic for the future.

[makoto1337]

so with the recent socks kicked out (~ 400 accounts)

Come someone post a breakdown of how the current stakes/XEM will be distributed to the remaining stakeholders, developers, funds, etc .... with numbers?

As discussed a few posts back, we won't have final numbers until the extended redemption period is over.

It looks like around 1566.5 stakes will be distributed to 1397 unique NEM addresses at launch. These are not final numbers, just preliminary numbers. Eventually I expect that another 200 of the unclaimed, etc, will get their stakes, so around 1750 stakes will likely be distributed to stakeholders, but that is just my opinion.

Overall, this is still qualitatively better than what other coins have seen
I am very optimistic for the future.

What happens to the other 2250ish stakes?

1 stake is 1/4000 of NEM, so there are 4000 stakes total.

1155 stakes are for development (400 stakes for the core team up until V1, 355 for marketing, 400 for dev work post-V1) and the remaining 1200 or so will be used as follows:

~ 10% node rewards
~ 10% silver coins
~ 10% unconventional marketing
~ 15% community fund with strict governance
~ 15% mobile app and NEM client
~ 40% future redistribution projects (sustainable loops)

see: https://forum.nemcoin.com/general-discussion/proposed-usage-for-unclaimed-socks/msg13351/#msg13351

These numbers were agreed upon over months of discussion. The point is that the core team won't take the unclaimed/sock stakes. NEM will be able to shoot up to the moon using this firepower. We are not just targeting the world of crypto circle jerks (even BTC might only have 250k users at most), but rather are targeting the world of 7 billion people. Those who lost some sock accounts now that you created trying to get an edge of others don't need to worry about anything. Even 1 or 2 stakes are enough to make you fabulously wealthy if we can work together to create a new econemy.  

[makoto1337]

BTW, there are two things:

1) Please try to promote our reddit page (http://www.reddit.com/r/nem/) and make it more active

2) Are there any brick and mortar shops that are interested in accepted NEM?

[BuliH]

Here are some interesting stats about the accounts in NEMESIS:

avg post count: 211
avg registered days after NEM start: -64 (meaning registered 64 days before NEM start on avg)
avg number of days since last active (from 3/8): 65

For comparison, here are the same stats for sock accounts:

avg sock post count: 5
avg sock registered days after NEM start: 11
avg number of days since socks were last active: 203

You can't rely on this because Ripple Giveaway led to a lot of sockpuppet accounts created in advance (because of expectations that another coin will use the same approach). For a better assessment you should do Resource Testing trick which would show how many computers are owned by the remaining accounts. If you get that only 30% accounts own a computer then you could reliably assume that 70% are sockpuppets.

In this case, post count is a fair approximation for a proof of work 
People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

There was no requirement of an amount of posts for the people who paid for their stakes in the beginning. And paying or investing in the development of NEM is in my opinion already contributing to NEM. There are people like me who have contributed initially by investing and followed the progress of an interesting development project from the sidelines and now find themselves kicked out. It doesn't mean that they are not going to contribute by supporting the economy after the launch. People just have different amount of time, skills and knowledge to participate in the conversation.

[patmast3r]

PLEASE DO NOT CONTACT ME VIA PM JUST YET. WE'RE DISCUSSING THE MATTER INTERNALLY AND WILL ANNOUNCE HOW WE'RE GOING TO PROCEED SOON ENOUGH. FOR NOW IT'S POINTLESS TO CONTACT ME

And what the fuck is wrong with you for threatning us with legal actions? We working our asses of for a year and this is what we get?

[makoto1337]

Here are some interesting stats about the accounts in NEMESIS:

avg post count: 211
avg registered days after NEM start: -64 (meaning registered 64 days before NEM start on avg)
avg number of days since last active (from 3/8): 65

For comparison, here are the same stats for sock accounts:

avg sock post count: 5
avg sock registered days after NEM start: 11
avg number of days since socks were last active: 203

You can't rely on this because Ripple Giveaway led to a lot of sockpuppet accounts created in advance (because of expectations that another coin will use the same approach). For a better assessment you should do Resource Testing trick which would show how many computers are owned by the remaining accounts. If you get that only 30% accounts own a computer then you could reliably assume that 70% are sockpuppets.

In this case, post count is a fair approximation for a proof of work  
People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

There was no requirement of an amount of posts for the people who paid for their stakes in the beginning. And paying or investing in the development of NEM is in my opinion already contributing to NEM. There are people like me who have contributed initially by investing and followed the progress of an interesting development project from the sidelines and now find themselves kicked out. It doesn't mean that they are not going to contribute by supporting the economy after the launch. People just have different amount of time, skills and knowledge to participate in the conversation.

No, so posts were just one criteria. As explained in the forums, IPs or fingerprints had to be linked. Once that link was established, the posts of potential socks were read and determined if they were a real person or not.

But don't worry, there will be a way for legitimate people to complain.

[hardshot]

And what the fuck is wrong with you for threatning us with legal actions?

LOL.. Some of those gready asses noticed the potential of NEM.
But I clearly doubt that anyone will really start any actions.

[bitcoingirly]

Here are some interesting stats about the accounts in NEMESIS:

avg post count: 211
avg registered days after NEM start: -64 (meaning registered 64 days before NEM start on avg)
avg number of days since last active (from 3/8): 65

For comparison, here are the same stats for sock accounts:

avg sock post count: 5
avg sock registered days after NEM start: 11
avg number of days since socks were last active: 203

You can't rely on this because Ripple Giveaway led to a lot of sockpuppet accounts created in advance (because of expectations that another coin will use the same approach). For a better assessment you should do Resource Testing trick which would show how many computers are owned by the remaining accounts. If you get that only 30% accounts own a computer then you could reliably assume that 70% are sockpuppets.

In this case, post count is a fair approximation for a proof of work  
People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

There was no requirement of an amount of posts for the people who paid for their stakes in the beginning. And paying or investing in the development of NEM is in my opinion already contributing to NEM. There are people like me who have contributed initially by investing and followed the progress of an interesting development project from the sidelines and now find themselves kicked out. It doesn't mean that they are not going to contribute by supporting the economy after the launch. People just have different amount of time, skills and knowledge to participate in the conversation.

No, so posts were just one criteria. As explained in the forums, IPs or fingerprints had to be linked. Once that link was established, the posts of potential socks were read and determined if they were a real person or not.

But don't worry, there will be a way for legitimate people to complain.

You guys finally tried my patience. I have jumped through all your fucking stupid rings to get this now outdated coin. I used a sockpuppet as I am the devloper of a well known coin and don't want my name all over another coin. When I invested I thougt it had some potential but after all the bullshit of the founder being found to be a scammer and all this bullshit and to end up with a NXT look alike wallet I'm absolutely Fucking done with your childish bullshit. What fuckong hopeless team ends up with 60% of the coins and says it egalatarian. Fuckwits.....I'm out.

[makoto1337]

Here are some interesting stats about the accounts in NEMESIS:

avg post count: 211
avg registered days after NEM start: -64 (meaning registered 64 days before NEM start on avg)
avg number of days since last active (from 3/8): 65

For comparison, here are the same stats for sock accounts:

avg sock post count: 5
avg sock registered days after NEM start: 11
avg number of days since socks were last active: 203

You can't rely on this because Ripple Giveaway led to a lot of sockpuppet accounts created in advance (because of expectations that another coin will use the same approach). For a better assessment you should do Resource Testing trick which would show how many computers are owned by the remaining accounts. If you get that only 30% accounts own a computer then you could reliably assume that 70% are sockpuppets.

In this case, post count is a fair approximation for a proof of work  
People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

There was no requirement of an amount of posts for the people who paid for their stakes in the beginning. And paying or investing in the development of NEM is in my opinion already contributing to NEM. There are people like me who have contributed initially by investing and followed the progress of an interesting development project from the sidelines and now find themselves kicked out. It doesn't mean that they are not going to contribute by supporting the economy after the launch. People just have different amount of time, skills and knowledge to participate in the conversation.

No, so posts were just one criteria. As explained in the forums, IPs or fingerprints had to be linked. Once that link was established, the posts of potential socks were read and determined if they were a real person or not.

But don't worry, there will be a way for legitimate people to complain.

You guys finally tried my patience. I have jumped through all your fucking stupid rings to get this now outdated coin. I used a sockpuppet as I am the devloper of a well known coin and don't want my name all over another coin. When I invested I thougt it had some potential but after all the bullshit of the founder being found to be a scammer and all this bullshit and to end up with a NXT look alike wallet I'm absolutely Fucking done with your childish bullshit. What fuckong hopeless team ends up with 60% of the coins and says it egalatarian. Fuckwits.....I'm out.

As per the rules, people are allowed 1 sock account. If you have a legitimate excuse, then please contact us through the appeal process, which will be announced shortly. Just stop spamming our thread

None of the sock/unclaimed stakes will be used by the core team, as explained previously. The NEM devs are only getting 10% of the coins in total, up to the V1 launch, which is still many months away. We are not violating our principles.

[Daedelus]

stick to the first plan 25% to dev,mobile app, nodes and 75% to stakeholders

The solution is to reduce  the number of  coins.  Give 25% to developers, hold  5% for people who might claim later, and 1 million each  for all legit users.

As I understand it, the 25% was agreed. It seems sensible to stick to this.

I don't recall the 25% being a a condition when I joined, so I already feel the stakes have been diluted. But maybe my bad, I swallowed that. Having such a high percentage out of circulation for 'unconventional marketing', 'mobile app' etc sounds more like mercenary devs/marketers will be producing what is needed for bounties and dumping for payment. Which is ok and expected to an extent, but not when those devs/marketers who want to get paid for their efforts are potentially as big a group as those that are holding NEM. There will be a huge imbalance.


I haven't seen any reason why the 'original' plan of 75% to stakeholders and 25% to devs/marketing/etc. can't be carried through ("we can't/won't" seems to be the current response). I can understand why 65% of the stakes not being distributed can seem like it will give NEM devs security in the future, but it is more likely that it will depress the price and make you wish you had limited this proportion to 25%.

[Come-from-Beyond]

In this case, post count is a fair approximation for a proof of work  

There is a big difference between real PoW and your "PoW". The latter can't be verified and statement "NEM devs excluded part of the participants to avoid dilution of their own stake" still remains.

People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

Does this mean that it's you who decides if someone deserves a stake?

[patmast3r]

In this case, post count is a fair approximation for a proof of work  

There is a big difference between real PoW and your "PoW". The latter can't be verified and statement "NEM devs excluded part of the participants to avoid dilution of their own stake" still remains.

People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

Does this mean that it's you who decides if someone deserves a stake?

May I ask where you sudden interrest in NEM comes from ?
Don't get me wrong, I welcome it but i don't think I've seen you in this thread before last week and now you're quite active in this thread.

[makoto1337]

In this case, post count is a fair approximation for a proof of work  

There is a big difference between real PoW and your "PoW". The latter can't be verified and statement "NEM devs excluded part of the participants to avoid dilution of their own stake" still remains.

People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

Does this mean that it's you who decides if someone deserves a stake?

If you read the explanation of the analysis on our forums, then you would know that accounts had to be linked into fingerprint or ip-based clusters. It's the same data and analysis done in the previous sock cleaning round. Also, as before, no one was put on the sock list without someone going through their posts and seeing if they were legit or not. Finally, there's even an appeal process for real people who slipped through.

[makoto1337]

In this case, post count is a fair approximation for a proof of work  

There is a big difference between real PoW and your "PoW". The latter can't be verified and statement "NEM devs excluded part of the participants to avoid dilution of their own stake" still remains.

People who have only 1 post in the past year are not likely to be real people. And if they are, then they are even less likely to be able to contribute anything to NEM.

Does this mean that it's you who decides if someone deserves a stake?

May I ask where you sudden interrest in NEM comes from ?
Don't get me wrong, I welcome it but i don't think I've seen you in this thread before last week and now you're quite active in this thread.

He's waiting for the launch announcement, which is probably not far off..

[Come-from-Beyond]

May I ask where you sudden interrest in NEM comes from ?
Don't get me wrong, I welcome it but i don't think I've seen you in this thread before last week and now you're quite active in this thread.

Before last week everything was going pretty smoothly, there was only 1 red flag (absence of PoI tech details). But suddenly more red flags popped up. Time before the launch is the only opportunity to find out real motives behind NEM devs deeds, after the launch you could just say "Sorry, it's too late to change anything".

PS: Do you ask because my questions make you feel uncomfortable?

[patmast3r]

May I ask where you sudden interrest in NEM comes from ?
Don't get me wrong, I welcome it but i don't think I've seen you in this thread before last week and now you're quite active in this thread.

Before last week everything was going pretty smoothly, there was only 1 red flag (absence of PoI tech details). But suddenly more red flags popped up. Time before the launch is the only opportunity to find out real motives behind NEM devs deeds, after the launch you could just say "Sorry, it's too late to change anything".

PS: Do you ask because my questions make you feel uncomfortable?

I ask because I wanted to know. You're asking questions in a zivilized and rational manner. Nothing that makes me feel uncomfortable at all.

[Come-from-Beyond]

If you read the explanation of the analysis on our forums, then you would know that accounts had to be linked into fingerprint or ip-based clusters...

How could the community verify that there are no other sockpuppets controlled by an insider left? Is the anti-sockpuppet analysis published somewhere?

[Mickeyb]

Man, this is turning into real soap opera!!