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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 1797548 times)
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patmast3r
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June 18, 2014, 12:56:51 PM
 #221

The auction was announced before the Assets on the NXT AE. Therefore everyone knew that some more stakes will be distributed.
Ans stop saying everything goes into devs pocket.
There's no problem about the auction of the 150 stakes for BTC. It was properly announced before the launch of NEM in NXT AE.

The thing is that as NEM has already practically launched on NXT AE, you can't anymore do whatever you like. I can only see two fair (or three) schemes regarding the unclaimed stakes:

- Destroy the unclaimed coins
- Distribute the unclaimed coins equally between stakeholders
- (Distribute the unclaimed coins equally in portions between stakeholders, developers and developing funds)

Just to make sure we are talking about the same subject, I am talking about the stakes that will be left unclaimed after you have finished distributing NEM. I am OK with the auction of the around 150 stakes for BTC.


Well then we were talking about 2 different things.
What we'll do with the "leftovers" is yet undecided but there is a heavy discussion going on as we see that it's important to the community to have a decision here.

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dadingsda
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June 18, 2014, 01:03:20 PM
 #222

Destroy the "leftover" coins

Totem22
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June 18, 2014, 01:06:04 PM
 #223

There are three choices for "unclaimed coins ":

1. Distribute proportionally to all current stakeholders.

2. Destroy all the coin.

3. Form a community committee to manage the coins aka Nxt's committee style.

I am for 3. Nxt's committee has been very effective. Choice 3 gives an incentive for NEMsters to do good things for NEM.  Grin

NEM: TC2L3G2VREUAZI7SE5WJW7TM6B3DBBKL4DJCO6AA
patmast3r
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June 18, 2014, 01:07:31 PM
 #224

There are three choices for "unclaimed coins ":

1. Distribute proportionally to all current stakeholders.

2. Destroy all the coin.

3. Form a community committee to manage the coins aka Nxt's committee style.

I am for 3. Nxt's committee has been very effective. Choice 3 gives an incentive for NEMsters to do good things for NEM.  Grin

I think we should have such a committee not only for the unclaimed stakes but in general. The community is supposed to have more power over what happens after V1.

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June 18, 2014, 01:11:15 PM
 #225

[...] Out of 100, 73 came back to claim their stake, so 25%+ never showed up. The second statement is correct too as those 25% had contributed BTC that were worth 1% of Nxt which was about 10 million Nxt. That doesn't change the fact that 25% of people never showed up to claim the coins. Since in Nem every stake is equal, if 25% don't show up that would be 750 million nem

Please don't count the chickens before they're hatched. Nxt was one of the first coins (indeed maybe the first coin) to do a fund raising. That's probably why 25% never showed up when Nxt finally was released. Now that there already were a lot of fund raisings people are more used to it so I doubt that it will be 25% in our case. But I don't know...and you don't know as well.
We are already discussing the issue internally. But due the fact that the core team is spread across different time zones and not everyone has time to discuss the topic on every day, we need a few days to come to a conclusion. It would be kind of you to give us some more time to prepare a statement before coming up with the issue again.

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
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June 18, 2014, 01:11:55 PM
 #226

no need to destroy them, rather make one side happy, than no one.

devs motivated by massive amount of NEM - I like it.

members motivated by bigger amount of NEM - I like it.

No one is motivated - I dont like it.
patmast3r
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June 18, 2014, 01:13:17 PM
 #227

no need to destroy them, rather make one side happy, than no one.

devs motivated by massive amount of NEM - I like it.

members motivated by bigger amount of NEM - I like it.

No one is motivated - I dont like it.

by destroying the coins the rest of them will become more valuable as they are more rare (in theory).
So everyone could still be happy Smiley

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June 18, 2014, 01:15:28 PM
 #228

6 days till alpha!!  Grin
city19akro
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June 18, 2014, 01:18:52 PM
 #229

I think the auction is a very good idea. It will be done not long before the release so it will be a very good advertising and allow the last people to get in before the madness.

It was announced a long time ago. The 4 million coin number was announced a long time ago. It is a long term plan and a very smart one. I think The only ones against it are greedy people that want instant gratification so they can dump more nem when it is officialy out and arrives on an exchange.
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June 18, 2014, 01:19:29 PM
 #230

stakes shouldn't be distributed to even wider audience, as this would be very unfair towards people who have bought their stake from NXT AE.

Can you elaborate on how that would be unfair ?
Their shares won't get smaller by more people getting in. We're merely trying to get to those 3k stakeholders.

{troll mode on} I guess he has sock puppet accounts an he want to get as much of AE as poosible...
What I meant was that the value of the stake would naturally decrease if the unclaimed ones would be re-distributed. In my opinion that would be unfair for the ones who have bought their stakes from NXT AE as this would be unanticipated move. The auction of the 150 stakes for btc is fair as it was expected and announced _before_ the launch of NEM in NXT AE.

And gimre please don't make such accusations even though I don't have many posts. Writing in a foreign language takes great energy from me, and have chosen to stay as "a reader" on these forums. Also, you can check that I haven't claimed my stake as nxt asset nor have I any plans to do so.

That´s the point.

If you sell them, you just take money from the ones who decided to not sell their stake or even buy more, and put in developers pocket or in a developer fund. And there is already a developer fund.

Please state a decision as soon as possible.

So, what's your point here? I don't get what you are trying to say. Please be more explicit and please be factual about what you say e.g., "put in developers pocket".

That goes for everyone. It is considered a fud if one talks without facts. In such a situation, it must be reasoned out properly for anyone to accept an idea or a proposal. But if it is going to be an armchair critique with a selfish intention, then this goes against the spirit of the initiative.

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June 18, 2014, 01:19:36 PM
 #231

{troll mode on} I guess he has sock puppet accounts an he want to get as much of AE as poosible...
And gimre please don't make such accusations even though I don't have many posts. Writing in a foreign language takes great energy from me, and have chosen to stay as "a reader" on these forums. Also, you can check that I haven't claimed my stake as nxt asset nor have I any plans to do so.

Sorry for that, I didn't mean to offend you.

As pat, has written, we were definitely talking about two different things.

So to clarify future discussion, there are two separate things:
  • auction of ca 150 stakes
  • unclaimed stakes - those WON'T be auctioned

We need some time to discuss it with rest of devs, but what I'd like most, is that this should be
governed by community, as we definitely want community involvment.


But again this "unclaimed fund", would most likely adhere similar rules as promotion/ecosystem/dev, (slow release using Nem Business Rules)

Totem22
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June 18, 2014, 01:20:54 PM
 #232

6 days till alpha!!  Grin

Great looking forward to it  Grin First: we have to alpha (in 6 days); Second: we have to launch (in 2 months); Third: V1 blockchain (another 2-3 months). unclaimed coins are too far away. Don't rush to a decision  Smiley

NEM: TC2L3G2VREUAZI7SE5WJW7TM6B3DBBKL4DJCO6AA
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June 18, 2014, 01:24:49 PM
 #233

I think the auction is a very good idea. It will be done not long before the release so it will be a very good advertising and allow the last people to get in before the madness.

It was announced a long time ago. The 4 million coin number was announced a long time ago. It is a long term plan and a very smart one. I think The only ones against it are greedy people that want instant gratification so they can dump more nem when it is officialy out and arrives on an exchange.

Or dump less nem given that they may potentially be more valuable.

I think it's important that regardless whats decided, we also stick the original plan in every regard (That is, the plan before UP left). If there's any deviation, it'll open things up to debate - and to trolls - and unnecessary smear.
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June 18, 2014, 01:29:20 PM
 #234

The auction was announced before the Assets on the NXT AE. Therefore everyone knew that some more stakes will be distributed.
Ans stop saying everything goes into devs pocket.
There's no problem about the auction of the 150 stakes for BTC. It was properly announced before the launch of NEM in NXT AE.

The thing is that as NEM has already practically launched on NXT AE, you can't anymore do whatever you like. I can only see two fair (or three) schemes regarding the unclaimed stakes:

- Destroy the unclaimed coins
- Distribute the unclaimed coins equally between stakeholders
- (Distribute the unclaimed coins equally in portions between stakeholders, developers and developing funds)

Just to make sure we are talking about the same subject, I am talking about the stakes that will be left unclaimed after you have finished distributing NEM. I am OK with the auction of the around 150 stakes for BTC.


Can you think of more choices? Can we not use the unclaimed coins to bring NEM to greater heights and therefore better for the community? It would be good if all of us can contribute great ideas to the initiative instead of tossing over some coins.

We are blessed and fortunate to be able to sit in front of a terminal and be a wet blanket to an initiative. What about the poor and the under-privileged? Can we also not use the unclaimed NEM coins to benefit them in some way?

There are a myriad of things we can do with the unclaimed coins. And if we are civilized enough to sit down and channel our energy to thinking what great we can do instead of being negative and paranoid about the use of the unclaimed coins, things will never come to be. Not unless one has very clear and selfish intention to profit from it immediately. Then I am afraid this is the wrong place to be in. It just cannot work that way.

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June 18, 2014, 01:30:15 PM
 #235

I would like to see a huge pile of NEM get into the hands of average joe without them paying for it,this will make the stakeholders mad since they had to pay for it but average joes won't be spending money to buy NEM when they are not sure about it. Isn't the goal of NEM to help people achieve financial freedom? The more people that have it the greater chance NEM will succeed which will increase the value for the stakeholders.
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June 18, 2014, 01:33:19 PM
 #236

I would like to see a huge pile of NEM get into the hands of average joe without them paying for it,this will probable make the stakeholders mad since they had to pay for it but average joes won't be spending money to buy NEM when they are not sure about it. Isn't the goal of NEM to help people achieve financial freedom? The more people that have it the greater chance NEM will succeed which will increase the value for the stakeholders.

There are a lot of sand on the beach too. By the same token, one can get free sand on the beach and be financially free, won't it?

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June 18, 2014, 01:37:00 PM
 #237

I would like to see a huge pile of NEM get into the hands of average joe without them paying for it,this will make the stakeholders mad since they had to pay for it but average joes won't be spending money to buy NEM when they are not sure about it. Isn't the goal of NEM to help people achieve financial freedom? The more people that have it the greater chance NEM will succeed which will increase the value for the stakeholders.

A lot of coins like Dogecoin and Redd tried tipping to do what you suggest, I think it brought more bad than any good.


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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June 18, 2014, 01:44:16 PM
 #238

6 days till alpha!!  Grin

Great looking forward to it  Grin First: we have to alpha (in 6 days); Second: we have to launch (in 2 months); Third: V1 blockchain (another 2-3 months). unclaimed coins are too far away. Don't rush to a decision  Smiley

Third: V1 blockchain     Anyone can tell me about??
mrvegad
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June 18, 2014, 01:44:31 PM
 #239

I would like to see a huge pile of NEM get into the hands of average joe without them paying for it,this will make the stakeholders mad since they had to pay for it but average joes won't be spending money to buy NEM when they are not sure about it. Isn't the goal of NEM to help people achieve financial freedom? The more people that have it the greater chance NEM will succeed which will increase the value for the stakeholders.

A lot of coins like Dogecoin and Redd tried tipping to do what you suggest, I think it brought more bad than any good.



I was thinking that when NEM does presentations, hand out paper wallets to people that seem interested and have never used crypto before, samething for our co-workers, friends, neighbors or whoever (even the poor and the under-privileged).
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June 18, 2014, 01:53:45 PM
 #240

I'm glad to see that NEM keep going! Smiley
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