TaunSew
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August 19, 2014, 02:54:20 AM Last edit: August 19, 2014, 03:57:32 AM by TaunSew |
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The one area where cryptos fail is in having natively txs clear in 6 sec or less, this removes any outside / thridparty centralization which can control the processing fees. As far as i know there is only crypto out there that has it which is in beta (and no im not saying which one as it doesn't pretain to NEM).
If there is a completely decentralized solution that clears tx in 6 sec please do say which one as I'd really like to take a look at it Ethereum claims it can do it in 6s with their platform. Ethereum is in the conceptual phase and they are running an IPO, so they will say anything (and don't have to prove it) to get people to invest. Actually the Ethereum IPO has been a let down to an extent. They only had 4440 incoming transactions and 100 wallets (wallets =/= people) own like 45% - 50% of Ethereum according to a blog post I saw from Vitalik. Wallets are not people, like if I wanted to invest $1 million $Fiat into Ethereum then I would do it in 5 to 10 wallets to minimize loss from a hypothetical wallet theft. Is 4440 really that impressive if NEM was able to get 3000? The demand to become a stakeholder for NEM was such was that NEM could had done 5000 or even as much as 10,000 (a far bigger figure than 4400) stakeholders. So it led me to conclude that there's actually very little demand or userbase for Ethereum. The number 3000 just made sense as it's a lucky number (and a round easy to remember number) and it was enough distribution to curb the influence of whales that we see in almost every cryptos. I don't even think a whale can occur in NEM due to how it is structured. There's only ever like 10-20 stakes for sale on the token exchange and someone buying 20 stakes does not make them a whale (although it's more then what other people have). You need at least 200 - 600 stakes to become a whale and there simply isn't enough sellers at 20,000 - 100,000 NXT to make that happen.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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xtester
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August 19, 2014, 03:27:17 AM |
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It use to be that this thread was constantly in the "Alternate cryptocurrencies" list, but not it doesn't appear. Is there some reason why?
Yes, one of the btt moderators has moved the thread to the "Announcements (Altcoins)" section.
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SomethingElse
Full Member
Offline
Activity: 210
Merit: 100
Looking for the next big thing
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August 19, 2014, 03:43:50 AM |
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It use to be that this thread was constantly in the "Alternate cryptocurrencies" list, but not it doesn't appear. Is there some reason why?
Yes, one of the btt moderators has moved the thread to the "Announcements (Altcoins)" section. ahhhh, well, that kind of sucks. I feel like it takes away some of the traction this thread had. Still, I guess I understand why the mod moved it.
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NEM
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xtester
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August 19, 2014, 03:57:25 AM |
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It use to be that this thread was constantly in the "Alternate cryptocurrencies" list, but not it doesn't appear. Is there some reason why?
Yes, one of the btt moderators has moved the thread to the "Announcements (Altcoins)" section. ahhhh, well, that kind of sucks. I feel like it takes away some of the traction this thread had. Still, I guess I understand why the mod moved it. Tend to agree. They have moved the Nxt thread as well.
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patmast3r
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August 19, 2014, 06:05:39 AM |
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I will try to implement that tomorrow.
Thank you for the feedback.
Thx for putting is there Could you fix "Quantity: 4,000,000,000 NXT (4 billion)"? I do hope we ship NEM not NXT
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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August 19, 2014, 09:14:06 AM |
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Thanks. I now realized why so many lines where fucked up, it was an override error from the NXT rating. Should be fixed now.
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crackerhead
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August 19, 2014, 09:55:36 AM Last edit: August 19, 2014, 10:08:34 AM by crackerhead |
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Nice to see that one of the biggest "whales" is someone like jl777hodl
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DarkhorseofNxt
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August 19, 2014, 10:15:19 AM |
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Nice to see that one of the biggest "whales" is someone like jl777hodl Jl777hodl is an asset.
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TaunSew
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August 19, 2014, 10:34:16 AM Last edit: August 19, 2014, 10:59:19 AM by TaunSew |
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Nice to see that one of the biggest "whales" is someone like jl777hodl That word shouldn't be used, even with quotations, in the same sentence as NEM. 10 stakes is 0.0025% of the total supply of 4B. When developers in many cryptos take up to 0.97% (97%) and other coins have individual whales taking as much as 0.3% (30%). As pointed out that is his investment fund wallet. I don't think he would appreciate us linking his private wallet. He actually has a moderate amount of NXT himself and he doesn't own any NEMstakes. His fund acquiring NEMstake was likely due to requests from investors.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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XbladeX
Legendary
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Activity: 1302
Merit: 1002
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August 19, 2014, 10:59:58 AM |
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Dev and community 10+ for rest we need final release to be honest i want see NEM volume and in action over time.
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Request / 26th September / 2022 APP-06-22-4587
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rockethead
Legendary
Offline
Activity: 1059
Merit: 1016
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August 19, 2014, 11:54:59 AM |
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Latest list of translated/translating of the NCC:
Russian - Jenea4pda Italian - Rigel Brazilian Portuguese - Parana Chinese - Shawn Japanese - Makoto & Gulliver German - BloodyRookie Croatian - Freigeist Lithuanian - Martismartis French - Chaos514 Hindi - iaminitnow06 Spanish - mess-lelouch Bulgarian - filchef Polish - ApexEvo Czech - ApexEvo Slovak - ApexEvo Ukranian - DIMKAZDS Turkish - Istanbul34
Thank you Nemsters. The list is sure expanding.
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rockethead
Legendary
Offline
Activity: 1059
Merit: 1016
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August 19, 2014, 12:47:41 PM |
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Latest list of translated/translating of the NCC:
Russian - Jenea4pda Italian - Rigel Brazilian Portuguese - Parana Chinese - Shawn Japanese - Makoto & Gulliver German - BloodyRookie Croatian - Freigeist Lithuanian - Martismartis French - Chaos514 Hindi - iaminitnow06 Spanish - mess-lelouch Bulgarian - filchef Polish - ApexEvo Czech - ApexEvo Slovak - ApexEvo Ukranian - DIMKAZDS Turkish - Istanbul34
Thank you Nemsters. The list is sure expanding.
wow that is amazing.. another crypto record broken! is there anyone that can do Portuguese? that would cover brazil then on top of Portugal.. Brazilian Portuguese is different to Portugal Portuguese. :-)
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DarkhorseofNxt
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August 19, 2014, 12:59:10 PM |
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Nice to see that one of the biggest "whales" is someone like jl777hodl That word shouldn't be used, even with quotations, in the same sentence as NEM. 10 stakes is 0.0025% of the total supply of 4B. When developers in many cryptos take up to 0.97% (97%) and other coins have individual whales taking as much as 0.3% (30%). As pointed out that is his investment fund wallet. I don't think he would appreciate us linking his private wallet. He actually has a moderate amount of NXT himself and he doesn't own any NEMstakes. His fund acquiring NEMstake was likely due to requests from investors. He does own at least 0.1 stake. Kinda sure.
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patmast3r
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August 19, 2014, 01:00:46 PM |
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Nice to see that one of the biggest "whales" is someone like jl777hodl That word shouldn't be used, even with quotations, in the same sentence as NEM. 10 stakes is 0.0025% of the total supply of 4B. When developers in many cryptos take up to 0.97% (97%) and other coins have individual whales taking as much as 0.3% (30%). As pointed out that is his investment fund wallet. I don't think he would appreciate us linking his private wallet. He actually has a moderate amount of NXT himself and he doesn't own any NEMstakes. His fund acquiring NEMstake was likely due to requests from investors. He does own at least 0.1 stake. Kinda sure. Don't know if he owns any NEMStake on the AE but he is an original stakeholder.
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TaunSew
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August 19, 2014, 02:09:08 PM Last edit: August 19, 2014, 02:25:38 PM by TaunSew |
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My largest crypto holding is in a PoSV coin. Nothing wrong with PoSV if you are a follower of the economic policies of Emperor Diocletian. I have been using PoI in the alpha and have written a preliminary draft of its' comparison with PoSV (for my own consumption) but I have not found an appropriate contemporary scholar and I may have to dwell pre-1920 (or check foreign languages) to find the appropriate one.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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DarkhorseofNxt
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August 19, 2014, 02:18:23 PM |
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My largest crypto holding is in a PoSV coin. Nothing wrong with PoSV if you are a follower of the economic policies of Emperor Diocletian. What is a posv coin?
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TaunSew
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August 19, 2014, 02:24:12 PM |
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My largest crypto holding is in a PoSV coin. Nothing wrong with PoSV if you are a follower of the economic policies of Emperor Diocletian. What is a posv coin? Proof of Stake Velocity. It is used in tipping coins.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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