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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2875242 times)
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extee
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March 10, 2016, 09:28:33 AM
 #22141

I got a NEM stake for free back in the day (posted in the original thread) . didn't redeem it in time.  I'm gutted but I don't feel like bitching about it or blaming anyone.
I didn't even rememeber about my stake untill last week when I had a look at the coinmarketcap page. "omg NEM! " (i know what helped HinnomTX magically find his lost NXT password lol)
for a year or so I was inactive. there were rules and deadlines for redemtion which I didn't follow .the asset even said to keep up with the rules. fair enough.
frankly seems already too lenient that they allowed redemtion for the first 3 months after genesis...you'd expect it be settled  finalized before that.
anyway after reading on forums that I couldn't redeem it anymore I dumped it on NXT asset exchange for a few thousand NXT (10$ or so) which then I immediately reinvested into NEM ...and now I have 10.000 NEM. just enough to move to my wallet for harvesting ! and as soon as I make more (trying to figure out this harvesting stuff) I plan to send back the NXt to that dude who probably had forgotten the buy order.


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March 10, 2016, 09:30:51 AM
 #22142

Nice CNY/XEM volume in BTC38

1707711
24H VOL CNY  XEM

457124
24H VOL CNY  Litecoin

4351856
24H VOL CNY BTC

Too bad CMC doesn't include that volume. Can anyone contact them?

anyone can do it through this form (Request form at the bottom of the page)
https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform
-> "... modify information on an existing coin"
I just did it.
maybe it speeds things up, if they get more requests for that Smiley

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March 10, 2016, 11:17:37 AM
Last edit: March 10, 2016, 12:24:44 PM by Thingamajig
 #22143

....

There is plenty of XEM. I think one of the most important things we could do with it, is make sure those who were there in the beginning, and bought a stake, reap the rewards, and are allowed to be a XEM carrying member of the community in all its glory.

....

I find this rather patronizing. Because alot of us who saw the value in NEM watched each post with bated breath over the years it's been active. The people who show up now demanding their NEMstake redemption only do so because it's suddenly got some nice value they want to dump on an exchange. They don't care. They lost out.

They had plenty of time and opportunity to redeem their stake (Even after deadline extensions!) - they chose not to by not checking on NEM's progress. Probably because they were throwing BTC into other projects to increase their odds of a bigger FIAT cashout. NEM is and was not a typical ALT pump and dump, and that was clear straight from the start. There was more to investment than simply throwing a tiny sum of BTC/NXT at the project, as is the trend with most alt clone projects.


In the end, the entire discussion history is all in black and white in this very thread. There's nothing to debate, it's over.
LemonAndFriesOne
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March 10, 2016, 02:28:24 PM
 #22144

Seems like the majority doesn't want to make this very late redemption happen.

Attacking NEM as a scam will not help anyone convince the community to reopen the NEM asset redemption, if anything it hurts chances by insulting the community.

Even though last year was bad for alts, I still checked once a month to make sure I wasn't missing out on anything. In the back of my mind I still had a tiny bit of hope that alts would rise once again. Sure I cashed out before that, but I still kept a good amount of coins that I could afford to lose if it went down.

Some people completely turned their back and they are finding out this year that it was a mistake. A lot of them came back, a bit down but still willing to give it a second try and not blame anyone for their mistakes.

NEM community is leaning more towards not allowing this very late redemption, even though some of us might want to give one last chance if the majority decides not to do it then we must respect this decision.

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March 10, 2016, 02:32:35 PM
 #22145

People still crying about late redemption LOL  Roll Eyes Been more than a year now...

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March 10, 2016, 02:45:22 PM
 #22146

I was one of the people that got locked out of my Nxt Acct.

Pat helped me. The community helped me. Btw, I'm curious. How many are left unclaimed right now? Does anyone know?


https://bitcointalk.org/index.php?action=trust;u=186785
Here is the link to my trust settings here on forum. This trust system is very unfair. I make good on every deal Ive ever made. I had many, many deals as you can see and I never scammed anyone. All it takes is a random account to give you negative trust and youre screwed. Tomatocage has never even talked to me ever but when the random acct hit me with negative trust, Tomatocage came right behind him and marked neg trust again so obviously he was the one who did it. You can look at Tomatocage trust and see how many of his compeditors at the currency exchange thread he labeled scammers. I never scammed anyone. My trust was green over 20 before this. I hope it never happens to you because the mods cant help you.
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March 10, 2016, 03:04:28 PM
 #22147

People still crying about late redemption LOL  Roll Eyes Been more than a year now...

From a cynics point of view, some of these people may not have originally believed in the currency, and then seen the recent price increase and decided it's now time to cash in.

NEW ECONOMY MOVEMENT    https://www.nem.io/
100% built from scratch • revolutionary forging mechanism • fairly distributed
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March 10, 2016, 03:40:29 PM
 #22148

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
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March 10, 2016, 03:48:38 PM
 #22149

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
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March 10, 2016, 04:31:34 PM
 #22150

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
Don't you get it? This is the way the scam operates. The devs have setup 'OFFICIAL RULES' and 'DEADLINES' to justify stripping away people's investments. The whole NEMstake token was just a fleecing operation on both ends. What will be the next hoop the devs make you jump through to keep your asset? You may feel OK now that you have your XEM and your blockchain, but the pattern of behavior is set. Before you know it the devs will say, 'Oh your XEM is really on testnet. Sorry but you need to convert to the real NEM over here.' But it's ok to be unethical in cyberspace, right? It's just funny money anyway. If you treat it like funny money, it will be. In the real world, you'd be fined by the SEC and ordered to make investors whole.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
LemonAndFriesOne
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March 10, 2016, 04:37:22 PM
 #22151

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
Don't you get it? This is the way the scam operates. The devs have setup 'OFFICIAL RULES' and 'DEADLINES' to justify stripping away people's investments. The whole NEMstake token was just a fleecing operation on both ends. What will be the next hoop the devs make you jump through to keep your asset? You may feel OK now that you have your XEM and your blockchain, but the pattern of behavior is set. Before you know it the devs will say, 'Oh your XEM is really on testnet. Sorry but you need to convert to the real NEM over here.' But it's ok to be unethical in cyberspace, right? It's just funny money anyway. If you treat it like funny money, it will be. In the real world, you'd be fined by the SEC and ordered to make investors whole.

If it's such a scam then what are you doing here? Just turn away and don't look back, after all it's just "funny money".

Your argument does not make logical sense, I and probably a few others were trying to make a case for you and others in your situation. Not anymore, NEM should continue business as usual.
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March 10, 2016, 04:38:51 PM
 #22152

now to something totally different Tongue

found this list, which was posted in january 2015 (link below).
https://bitcointalk.org/index.php?topic=654845.msg10075681#msg10075681
where are we now with these features/projects labeled as "in development"?
Is there an official list about that or can you update the list makoto?
I'm specially interested in that hardware wallet thing.
is someone still developing a hardware wallet and is it based on an existing solution with special firmware?
thank you

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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March 10, 2016, 04:41:17 PM
 #22153

I paid attention to what they were saying. As a result of that I wound up with what I was allocated. That's not very scammy.

I dunno how the thinking went but I think provision should have been made for those who didn't pull their fingers out. You're not going to get a very favourable response screaming scam though.

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March 10, 2016, 05:17:53 PM
 #22154

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
Don't you get it? This is the way the scam operates. The devs have setup 'OFFICIAL RULES' and 'DEADLINES' to justify stripping away people's investments. The whole NEMstake token was just a fleecing operation on both ends. What will be the next hoop the devs make you jump through to keep your asset? You may feel OK now that you have your XEM and your blockchain, but the pattern of behavior is set. Before you know it the devs will say, 'Oh your XEM is really on testnet. Sorry but you need to convert to the real NEM over here.' But it's ok to be unethical in cyberspace, right? It's just funny money anyway. If you treat it like funny money, it will be. In the real world, you'd be fined by the SEC and ordered to make investors whole.

If it's such a scam then what are you doing here? Just turn away and don't look back, after all it's just "funny money".

Your argument does not make logical sense, I and probably a few others were trying to make a case for you and others in your situation. Not anymore, NEM should continue business as usual.
Yep, the truth is coming out now. In the real world, your 'seed' and 'A round' investors provide the capital formation. They go in knowing they may get diluted down the road, but they invest with reasonable confidence that if they lose it all, it's because of a failure of execution from the people they hired. Here, the people you're hiring are prone to embezzling funds from the investors at opportune moments, because they are operating unchecked in cyber space. It's all 'funny money' because the equity that your A round investors bought, which should be treated with respect, has been expropriated and misappropriated at the whims of developers and even the community.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
LemonAndFriesOne
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March 10, 2016, 05:30:18 PM
 #22155

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
Don't you get it? This is the way the scam operates. The devs have setup 'OFFICIAL RULES' and 'DEADLINES' to justify stripping away people's investments. The whole NEMstake token was just a fleecing operation on both ends. What will be the next hoop the devs make you jump through to keep your asset? You may feel OK now that you have your XEM and your blockchain, but the pattern of behavior is set. Before you know it the devs will say, 'Oh your XEM is really on testnet. Sorry but you need to convert to the real NEM over here.' But it's ok to be unethical in cyberspace, right? It's just funny money anyway. If you treat it like funny money, it will be. In the real world, you'd be fined by the SEC and ordered to make investors whole.

If it's such a scam then what are you doing here? Just turn away and don't look back, after all it's just "funny money".

Your argument does not make logical sense, I and probably a few others were trying to make a case for you and others in your situation. Not anymore, NEM should continue business as usual.
Yep, the truth is coming out now. In the real world, your 'seed' and 'A round' investors provide the capital formation. They go in knowing they may get diluted down the road, but they invest with reasonable confidence that if they lose it all, it's because of a failure of execution from the people they hired. Here, the people you're hiring are prone to embezzling funds from the investors at opportune moments, because they are operating unchecked in cyber space. It's all 'funny money' because the equity that your A round investors bought, which should be treated with respect, has been expropriated and misappropriated at the whims of developers and even the community.

We all know what we got ourselves into when we invested in crypto currency, that's not a secret. Even many members of the crypto community warn about this.

Just stop, you know how risky these types of investments are. It's not pretty that's for sure.
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March 10, 2016, 05:32:10 PM
 #22156

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
Don't you get it? This is the way the scam operates. The devs have setup 'OFFICIAL RULES' and 'DEADLINES' to justify stripping away people's investments. The whole NEMstake token was just a fleecing operation on both ends. What will be the next hoop the devs make you jump through to keep your asset? You may feel OK now that you have your XEM and your blockchain, but the pattern of behavior is set. Before you know it the devs will say, 'Oh your XEM is really on testnet. Sorry but you need to convert to the real NEM over here.' But it's ok to be unethical in cyberspace, right? It's just funny money anyway. If you treat it like funny money, it will be. In the real world, you'd be fined by the SEC and ordered to make investors whole.

If it's such a scam then what are you doing here? Just turn away and don't look back, after all it's just "funny money".

Your argument does not make logical sense, I and probably a few others were trying to make a case for you and others in your situation. Not anymore, NEM should continue business as usual.
Yep, the truth is coming out now. In the real world, your 'seed' and 'A round' investors provide the capital formation. They go in knowing they may get diluted down the road, but they invest with reasonable confidence that if they lose it all, it's because of a failure of execution from the people they hired. Here, the people you're hiring are prone to embezzling funds from the investors at opportune moments, because they are operating unchecked in cyber space. It's all 'funny money' because the equity that your A round investors bought, which should be treated with respect, has been expropriated and misappropriated at the whims of developers and even the community.
seriously, you need a doctor.
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March 10, 2016, 05:42:25 PM
 #22157

Starting distribution again now is only waiting to open a shitstorm from others who missed the redemption deadlines, both from the NXT assets as well as before that. It would be very inwise in my opinion.
Wait- the devs left some investors behind twice? You mean there was an expropriation of claims to assets at the time of NEMstake issuance? Ho lee fuk.
I can hear the posts being deleted now.

The devs did not leave anyone. Some people however missed OFFICIALLY ANNOUNCED DEADLINES, other people had some "technical" difficulties but DID NOT CARE ENOUGH to contact devs.  
Don't you get it? This is the way the scam operates. The devs have setup 'OFFICIAL RULES' and 'DEADLINES' to justify stripping away people's investments. The whole NEMstake token was just a fleecing operation on both ends. What will be the next hoop the devs make you jump through to keep your asset? You may feel OK now that you have your XEM and your blockchain, but the pattern of behavior is set. Before you know it the devs will say, 'Oh your XEM is really on testnet. Sorry but you need to convert to the real NEM over here.' But it's ok to be unethical in cyberspace, right? It's just funny money anyway. If you treat it like funny money, it will be. In the real world, you'd be fined by the SEC and ordered to make investors whole.

If it's such a scam then what are you doing here? Just turn away and don't look back, after all it's just "funny money".

Your argument does not make logical sense, I and probably a few others were trying to make a case for you and others in your situation. Not anymore, NEM should continue business as usual.
Yep, the truth is coming out now. In the real world, your 'seed' and 'A round' investors provide the capital formation. They go in knowing they may get diluted down the road, but they invest with reasonable confidence that if they lose it all, it's because of a failure of execution from the people they hired. Here, the people you're hiring are prone to embezzling funds from the investors at opportune moments, because they are operating unchecked in cyber space. It's all 'funny money' because the equity that your A round investors bought, which should be treated with respect, has been expropriated and misappropriated at the whims of developers and even the community.

The NEMstake you bought were like stock options. They weren't real equity, but the opportunity to receive real stock/equity in a certain period of time and with certain rules.
You agreed to those rules when you bought them. You broke those rules. Your fault. Nothing anyone can do about that.
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March 10, 2016, 06:04:19 PM
 #22158

People who didn't claim funds during the more than reasonable and fair period, have lost their chance to claim.  Their period to claim has passed.  That token was not XEM.  It was a chance to get XEM, a chance with a clearly announced date of expiration.


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March 10, 2016, 06:25:14 PM
 #22159

I got a NEM stake for free back in the day (posted in the original thread) . didn't redeem it in time.  I'm gutted but I don't feel like bitching about it or blaming anyone.
I didn't even rememeber about my stake untill last week when I had a look at the coinmarketcap page. "omg NEM! " (i know what helped HinnomTX magically find his lost NXT password lol)
for a year or so I was inactive. there were rules and deadlines for redemtion which I didn't follow .the asset even said to keep up with the rules. fair enough.
frankly seems already too lenient that they allowed redemtion for the first 3 months after genesis...you'd expect it be settled  finalized before that.
anyway after reading on forums that I couldn't redeem it anymore I dumped it on NXT asset exchange for a few thousand NXT (10$ or so) which then I immediately reinvested into NEM ...and now I have 10.000 NEM. just enough to move to my wallet for harvesting ! and as soon as I make more (trying to figure out this harvesting stuff) I plan to send back the NXt to that dude who probably had forgotten the buy order.


Join Telegram via the link below. Then PM me on BTT your Telegram ID. I'll help you get started and tip you another 10,000 so you can speed up the vesting process so you can harvest earlier.

HinnomTX
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March 10, 2016, 06:29:41 PM
Last edit: March 10, 2016, 07:01:46 PM by HinnomTX
 #22160

The NEMstake you bought were like stock options. They weren't real equity, but the opportunity to receive real stock/equity in a certain period of time and with certain rules.
You agreed to those rules when you bought them. You broke those rules. Your fault. Nothing anyone can do about that.
Sort of like options, but not really. Unclaimed 'options' should never have spawned NEM.
The rules were changed as the devs went along. Investors were set up to enable their claims getting expropriated going into and coming out of NEMstake. Instead of erring on the side of extreme caution and fiduciary responsibility, devs took the unclaimed stakes and made them into a project proposal fund. Now I can't stop the way the devs and community want to operate. But the economics here are fundamentally flawed, and it's very likely the hazards brought upon your earliest investors will continue to haunt your organization. Good luck.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
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