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

[cryptoknightt]

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them .   I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.

[1715300719]

1715300719

[1715300719]

1715300719

[makoto1337]

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them .   I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.

There are advantages and disadvantages to keeping the rule. Right now the market is severely manipulated because there are not many stakes that are for sale. Also, because NEM hasn't launched yet, the price is way lower than it should be. If we take away the 2 stake rule, then one NXT whale could buy up 200 stakes easily, and I am totally against that as it would hurt the egalitarian distribution that we have worked so hard to achieve and also hurt the image of NEM's reasonably fair distribution that we have dedicated so much time to.

Let me just say that there is something going on behind the scenes and, if successful, this will no longer be much of an issue.

[howi53]

howi the retiree is back.
As mentioned before, I have limited computer skills and no idea if and how cryptocurrencies work.
But - I was able to buy a Nemstake. I'll become grandfather of twins (end of August) and the Nemstake is for the twins. So I hope, everthing goes fine and I have a nice present for their birth.
Is launch of coins finished until end of August?

[contraband]

patmast3r.

you said you wait for xtester.

xtester came here. he checked list and wait now for you.

did you check "contraband" on your list.

can you now send my token at last.

thank you. i followed all rules for 3 days from jagaur xtester and your rule

[patmast3r]

patmast3r.

you said you wait for xtester.

xtester came here. he checked list and wait now for you.

did you check "contraband" on your list.

can you now send my token at last.

thank you. i followed all rules for 3 days from jagaur xtester and your rule

I'm at work now. I will issue this evening.

[contraband]

patmast3r.

you said you wait for xtester.

xtester came here. he checked list and wait now for you.

did you check "contraband" on your list.

can you now send my token at last.

thank you. i followed all rules for 3 days from jagaur xtester and your rule

thanks for doing this for me

[cryptoknightt]

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

[contraband]

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

you can "shut it" you have yours i will bet

[cryptoknightt]

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

you can "shut it" you have yours i will bet

yes i do but what is the huge emergency now?

If you needed it why don't you have it already?

Whatever this is almost over

[makoto1337]

what zone are you in PAT?

Thanks, cause if another person asks I want to tell them to shut it till then

you can "shut it" you have yours i will bet

yes i do but what is the huge emergency now?

If you needed it why don't you have it already?

Whatever this is almost over

Some people need money sometimes.

[vytasz7]

Good question. There is a 2 stake limit on redeeming NEMstake.

Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them .   I wonder what will that do Nem credibility?

For once I agree with you. This rule is just obsolete.

It is just that. We won't enforce that rule.

At least that's my understanding.

Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.

There are advantages and disadvantages to keeping the rule. Right now the market is severely manipulated because there are not many stakes that are for sale. Also, because NEM hasn't launched yet, the price is way lower than it should be. If we take away the 2 stake rule, then one NXT whale could buy up 200 stakes easily, and I am totally against that as it would hurt the egalitarian distribution that we have worked so hard to achieve and also hurt the image of NEM's reasonably fair distribution that we have dedicated so much time to.

Let me just say that there is something going on behind the scenes and, if successful, this will no longer be much of an issue.

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

[rockethead]

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

I think you are right that there is no such thing as egalitarian distribution in free market. In other words, egalitarian distribution doesn't exist in free market. But I thought the intent was to have at the onset, egalitarian in distribution for NEM so that everyone gets evenly distributed with NEM stakes?

Of course we won't know what will happen after that with free market coming to play. That's what I understand it to be, i.e., distribute fairly and let the community have a fair go at making it with what's in the wallet thereafter.

[shaman2000]

What a SHIT with NEM price at all?

[Simakki]

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

I think you are right that there is no such thing as egalitarian distribution in free market. In other words, egalitarian distribution doesn't exist in free market. But I thought the intent was to have at the onset, egalitarian in distribution for NEM so that everyone gets evenly distributed with NEM stakes?

Of course we won't know what will happen after that with free market coming to play. That's what I understand it to be, i.e., distribute fairly and let the community have a fair go at making it with what's in the wallet thereafter.

IMO callin a NXT AE a free market is kind of joke In theory it is, but as we know that there are really big whales.  They surely can manipulate prices, so it is more like oligopoly.

[TaunSew]

There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
 
* (is it a whale if they only own like 0.006% of NEM?  Like half of one percent is a bit different from the whales we see in every other coin who own 5%-95%)

[vytasz7]

ipo is long time over ,was well distributed .But when it gets on exchange you cant force people how much to buy or not to buy .26 nemstakes are nothing percentage wise .nem still is most egalitarian coin

[antonioserrano72]

ipo is long time over ,was well distributed .But when it gets on exchange you cant force people how much to buy or not to buy .26 nemstakes are nothing percentage wise .nem still is most egalitarian coin

This is so true, in fact this has also happened to other similar occasions. But nem is still a great coin besides the price.

[TaunSew]

I'm not familiar with the other examples other then Community Coin (which I suggested be renamed to Communist Coin due to its' red colouring and the fact they wanted your Facebook for awhile.  if the German Stasi or the Soviet KGB was still around that's what they'ld ask for    )

[Eadeqa]

there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.

I think you are right that there is no such thing as egalitarian distribution in free market. In other words, egalitarian distribution doesn't exist in free market. But I thought the intent was to have at the onset, egalitarian in distribution for NEM so that everyone gets evenly distributed with NEM stakes?

Of course we won't know what will happen after that with free market coming to play. That's what I understand it to be, i.e., distribute fairly and let the community have a fair go at making it with what's in the wallet thereafter.

IMO callin a NXT AE a free market is kind of joke In theory it is, but as we know that there are really big whales.  They surely can manipulate prices, so it is more like oligopoly.

These big "whales" can buy Nem at any exchange after the launch. Why are you jealous of them? You can't stop them from buying Nem, if they want, even after the launch.  Nxt AE is a free market.

[Eadeqa]

There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.

If each stake is 1 million nem,  26 stakes  is 2.6%  is 0.65%

Sorry I was thinking 1 billion nem