kelsey
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Activity: 1876
Merit: 1000
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May 20, 2015, 11:27:09 AM |
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To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin Fiat? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
fixed it for you  |
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yshin365new
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May 20, 2015, 12:29:05 PM |
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Good question. --------> Better Answer. -----------------> Best Humor.  |
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samysamy1
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May 20, 2015, 01:22:55 PM |
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To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin Fiat? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
fixed it for you Don't think that's difficult to answer -> escaping oppression and theft by governments and bankers. The problem is that the value of bitcoin is linked to USD. We need to seperate Fiat from Crypto first. |
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Thingamajig
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May 20, 2015, 02:41:04 PM
Last edit: May 20, 2015, 02:59:54 PM by Thingamajig |
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To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin Fiat? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
fixed it for you Don't think that's difficult to answer -> escaping oppression and theft by governments and bankers. The problem is that the value of bitcoin is linked to USD. We need to seperate Fiat from Crypto first. Yes. And sadly it's going to take something serious in the economy for people to realize crypto's potential. On another subject (well, sort of.) I just read an interesting article. It certainly appeals to my standpoint but i've no idea of the legitimacy of it's claims/views. Considering the nature of the existing financial system (And how fractional reserve banking is corrupted to the core) I get the feeling much of whats spoken in this article is worth noting. (I'll qoute a few segments, then post the link)
Despite the severe blow by the Mt. Gox disaster, the adherents of Bitcoin are proud to claim that it has finally stabilized and spawned a new sense of legitimacy, with the prestigious New York Stock Exchange now introducing a Bitcoin pricing index. This index would work in much the same way as the LIBOR index, and would in effect serve as a measuring stick to determine global value. A golden day for the cryptocurrency, if you listened to the fans of Bitcoin.
This does not mean that Bitcoin will be used by the NYSE for trades, or that you can trade Bitcoin on the exchange, but that now there is a semi-official standard for other markets to be based off of. This comes on the heels of popular Bitcoin market Poloniexadding Margin Trading for the first time. Bitcoin has grown up, is the belief. But the reality is much, much darker for the Libertarians who love Bitcoin.
What this also means is that now Wall Street will be firmly in control of the exchange rates, and as history showed us with theLIBOR scandal, if the opportunity for exploitation exists, Wall Street will do it. Unlike LIBOR, where there are bank records and financial filings to verify against, Bitcoin’s own decentralized nature works against it. Unlike LIBOR, the manipulation of Bitcoin cannot be easily verified, and even if demonstrated, no penalties extracted. Also unlike LIBOR, which can only be indexed a few times per day due to the nature of the banks involved, Bitcoin manipulations can happen in milliseconds, controlled by complex trading programs without human interference. One moment is all it takes for someone to lose everything they have, and more, on the Bitcoin exchange.
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There is an irony in a currency which was closely associated with Occupy Wall Street now being embraced by the very institutions it stood against. That the cryptocurrency markets did not respond with alarm is even more telling. The users of Bitcoin are about to be taken for a ride, and they are in effect handing over the car keys to do so.
So, it should be said that Bitcoin is indeed an ideal example of Libertarian ideas at work, because this is what happens every time. Pity they won’t wake up and realize that the very core of their ideas will never work, because once they prove it works, the very nature of Libertarianism enables a minority to take over of the idea, and monopolize it, denying it to others. Then that monopoly will exploit and abuse those who use it.
Source: http://kstreet607.com/2015/05/20/wall-street-preparing-to-steal-billions-from-gullible-libertarians/As i've said many times before - i think bitcoin was a rebellion against the existing financial system with very good and valid reasons (It's introduction in 2008 is no mere coincidence). By not honoring that it's simply going to fall victim to the very same system it rose up against. Sometimes, not playing by the rules is a necessary and required thing. (A high risk with even higher rewards -- certainly was in Bitcoins case) I think the "compliant" route is naive and will result in the downfall of any crypto that attempts to do it. |
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ciappa
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May 20, 2015, 04:51:28 PM |
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gimre
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Activity: 866
Merit: 1002
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May 20, 2015, 05:14:36 PM |
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it should be off, update your links/bookmarks. Address is http://forum.ournem.com for quite some time. |
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dandruff1138
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May 20, 2015, 07:48:00 PM |
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i think we will break 80 soon  35 BTC ''wall'' to 100sat per XEM on polo... IMHO in late june we will be @100sat I agree we are going to hit 100+ sats in June... 2021. It took a year + just to get the BETA process released, with the current pace of development and little to no marketing we won't see anything substantial for at least a couple of years. |
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Xpedite
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Activity: 258
Merit: 250
DRAMA: Dumb Retards Asking More Attention
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May 20, 2015, 08:18:14 PM |
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I agree we are going to hit 100+ sats in June... 2021. It took a year + just to get the BETA process released, with the current pace of development and little to no marketing we won't see anything substantial for at least a couple of years.
I guess you have absolutely no clew how much work has been put in recently... Have you read the white paper? That's not something you can write in a couple of days... Nevertheless, I don't care about the price at the moment. Roadmap to V1 Completion of all the features in the existing wallet Coloured Coins Business Rules (a.k.a. Smart Contracts) Decentralized Asset Exchange Integration of multisignature into the AE and Business Rules Snapshotting for quick syncing of nodes Oh, I am looking forward to V1  Then let's talk about the price again But you know what they say about Rome ... |
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NEMergizer
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May 20, 2015, 09:23:25 PM |
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To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
In fact there is no huge difference between any crypto currency. It all comes to the community and the economy behind any crypto. Today there is no real solid value in switching to NEM from any other crypto. However, in the very near future there will be tons of reasons. For instance, decentralized asset exchange is one huge advantage that will be coming live in the very near future. In addition to asset exchange, NEM will support smart contracts. These are huge advantages over all other cryptos. For now NEM would be better in terms of: - No inflation. - Multi signature transactions. - Encrypted messaging. - Light weight blockchain/algorithm. - Prove of importance "will be more valuable in the future when NEM gets more popular". |
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NEMergizer
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May 20, 2015, 09:27:03 PM |
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I agree we are going to hit 100+ sats in June... 2021. It took a year + just to get the BETA process released, with the current pace of development and little to no marketing we won't see anything substantial for at least a couple of years.
I guess you have absolutely no clew how much work has been put in recently... Have you read the white paper? That's not something you can write in a couple of days... Nevertheless, I don't care about the price at the moment. Roadmap to V1 Completion of all the features in the existing wallet Coloured Coins Business Rules (a.k.a. Smart Contracts) Decentralized Asset Exchange Integration of multisignature into the AE and Business Rules Snapshotting for quick syncing of nodes Oh, I am looking forward to V1 Then let's talk about the price again But you know what they say about Rome ... +1 This is the NEM we know and thats why we are here |
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jadedjack
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Merit: 10
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May 20, 2015, 09:47:12 PM |
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To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
In fact there is no huge difference between any crypto currency. It all comes to the community and the economy behind any crypto. Today there is no real solid value in switching to NEM from any other crypto. However, in the very near future there will be tons of reasons. For instance, decentralized asset exchange is one huge advantage that will be coming live in the very near future. In addition to asset exchange, NEM will support smart contracts. These are huge advantages over all other cryptos. For now NEM would be better in terms of: - No inflation. - Multi signature transactions. - Encrypted messaging. - Light weight blockchain/algorithm. - Prove of importance "will be more valuable in the future when NEM gets more popular". I don't think there is any other crypto that can have multiple harvesters "miners" working in parallel, each independent from the others, but on the same node. |
BadaBing
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nzminer
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Activity: 1918
Merit: 1001
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May 21, 2015, 12:49:00 AM |
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To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
This can also be said for 99% of other alts. We need time and marketing, so do alot of other coins, NXT is lacking in this area too, but we just need time. |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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nvaler
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May 21, 2015, 01:12:31 AM |
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this coin is highly innovative and lightweight.
I wish u guys all the best!!!........i bought a lot !! what a bargain
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gon
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May 21, 2015, 01:13:43 AM |
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this coin is highly innovative and lightweight.
I wish u guys all the best!!!........i bought a lot !! what a bargain
How much is a lot? I´m just thinking about investition. |
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nvaler
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May 21, 2015, 01:14:16 AM |
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agree, we need time.... To make NEM successfull you need to answer the ultimate question. Why should anyone (private NOR commercial) use NEM instead of Bitcoin? If you can answer this, assure everyone about this an spread the word. That's the only way to make NEM successful and independent.
This can also be said for 99% of other alts. We need time and marketing, so do alot of other coins, NXT is lacking in this area too, but we just need time. |
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nvaler
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May 21, 2015, 01:15:38 AM |
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Finally a thread without people who misunderstand the concept of free speech spot on!!! ohhh yeah!!! |
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nvaler
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May 21, 2015, 01:17:47 AM |
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this coin is highly innovative and lightweight.
I wish u guys all the best!!!........i bought a lot !! what a bargain
you the guy that was making numerous 1.4 btc buys and jacked up the volume? that must be another buy...i am cheap...i buy .2 btc at a time...that could be a whale or someone who knows XEM has many potentials. congrats on the technical paper, it was awesome!!! I have not seen anything similar to it...done by professional PhD / PhD students / PhD in Mathematics ... its just AWESOME!!! |
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NoirSuccubus
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May 21, 2015, 02:03:17 AM |
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NEM has a massive fund set aside for marketing, so the potential is there. How I feel is we have 1 shot at doing something right, why should we rush it? Should the development team start spending marketing funds now while we still have features in development, or should we wait and market heavily after v1? I'd expect the latter to be more effective.
It's like spending money on an ad, "Hey, buy this car. One day it'll go 100 miles on the gallon, but right now we're still working on that feature."
I think if we pump money into marketing right now, it will mostly be targeting the "investor" type of people. The hype will cause a lot of buying pressure, causing the price to go up too fast. If the v1 features aren't rolled out in a timely manner we'll see a lot of disappointed holders, lots of complaining and we'll likely see a very slow devaluation back to pre marketing levels.
If we don't rush this, and take it slow I think this will happen. More than likely we'll see the antsy "investors" selling early, remember these are the people that are only here for the money. The development team will ninja launch features and over time we'll see a slow healthy growth in price while bringing in real USERS.
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