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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2628852 times)
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June 23, 2014, 07:09:39 PM
 #761

The Alpha screenshot looks great.
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June 23, 2014, 07:13:48 PM
 #762

If "everyone cashes out" when the price is high that means the coins will be distributed amongst all the buyers unless it's just one single whale who comes in and buys up ALL the coins (highly unlikely, especially if the prices are high). Having as many stakeholders as we do in NEM means that as we initial stakeholders begin to sell off some of our coins after launch to the general public, the coins will become much more widely and more fairly distributed amongst the populace than they ever possibly could from a small group of initial investors like NXT had. 2000 is 20 times greater than 100, that's not an irrelevant amount at all. The more people you have initially, the greater the chances are you are going to have more people selling their coins on the open market for a more even distribution. With only 100 investors, the likelihood of any of them selling very many is low as they hold out for higher and higher prices, and then when they dump it's going to fall extra hard. Having 20 times more initial investors makes us much less susceptible to such problems, but of course it could *always* be better as you say.


It is naive to think about distribution in term of "fairness". Every single coin community except Bitcoin is built entirely by a group of hard-core supporters which often has less than 100 members. It is fair if they have the majority of the stakes. Having something for nothing does not seem "fair" to me. The problem with NXT distribution is the incentive mis-match because the 5% whales do not contribute much (relatively) to the development.



As for a distribution of 100 (typical alt is more like 20-50) vs distribution of 2000+.  It doesn't scale to world population (dumb rhetoric) but it shows that anybody could had got in.  The thing is if you have less than 50 they may as well be relatives / friends of the coin creator.  When you have 2000+ almost all will be strangers with no connection to each other.  That's just the point and why 2000 - 3000 is sufficient, anymore defeats the purpose


All reasonable points, I haven't looked that way. I'll think about it.
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June 23, 2014, 07:26:03 PM
 #763

Shameless plug: https://www.youtube.com/watch?v=ZYE3hOnsNv8  NEM alpha video

doesn't work on mobile.

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June 23, 2014, 07:29:36 PM
 #764


I noticed that too today, I will see if i can fix that when i am able to get back to my computer
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June 23, 2014, 07:44:23 PM
 #765

what difference does it make the alpha test to the NEM value price? its not a finish coin you can use anyway, I don't see what difference will it make

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June 23, 2014, 08:06:56 PM
 #766

what difference does it make the alpha test to the NEM value price? its not a finish coin you can use anyway, I don't see what difference will it make

Are you kidding  Huh

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June 23, 2014, 08:25:21 PM
 #767

https://bitcointalk.org/index.php?topic=620518.0

Ben already bein coppied? Check the distribution model! Wink
simple rules, hilarious.

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WEBSITE / WHITEPAPER
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June 23, 2014, 08:41:11 PM
 #768

I don't buy from anonymous developers who name themselves after a coin.  So Kora is out for me.

As well many coins have copied NEM's distribution model and failed to drum up interest.  NEM isn't some Communist or freebie coin.  NEM is an initiation to a new economic movement.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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June 23, 2014, 08:43:25 PM
 #769

what difference does it make the alpha test to the NEM value price? its not a finish coin you can use anyway, I don't see what difference will it make

Are you kidding  Huh

did you see me laughing?

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June 23, 2014, 08:52:11 PM
 #770

what difference does it make the alpha test to the NEM value price? its not a finish coin you can use anyway, I don't see what difference will it make

Are you kidding  Huh

did you see me laughing?

It will clear the scam accusation. If things go well, NEM open alpha is as good or better than most coins at launch.

NEM: TC2L3G2VREUAZI7SE5WJW7TM6B3DBBKL4DJCO6AA
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June 23, 2014, 08:54:52 PM
 #771

what difference does it make the alpha test to the NEM value price? its not a finish coin you can use anyway, I don't see what difference will it make

Are you kidding  Huh

did you see me laughing?

It will clear the scam accusation. If things go well, NEM open alpha is as good or better than most coins at launch.
Thanks

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June 23, 2014, 08:59:06 PM
 #772

I don't buy from anonymous developers who name themselves after a coin.  So Kora is out for me.

As well many coins have copied NEM's distribution model and failed to drum up interest.  NEM isn't some Communist or freebie coin.  NEM is an initiation to a new economic movement.
+1. Kora is not the first. NXT lite was the first copy of the distributional model. But i guess there are more to wide distribution. Where is aurora coin now if the success is to give the coins to many people as possible?

NEM: TC2L3G2VREUAZI7SE5WJW7TM6B3DBBKL4DJCO6AA
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June 23, 2014, 09:02:36 PM
 #773

I don't buy from anonymous developers who name themselves after a coin.  So Kora is out for me.

As well many coins have copied NEM's distribution model and failed to drum up interest.  NEM isn't some Communist or freebie coin.  NEM is an initiation to a new economic movement.
+1. Kora is not the first. NXT lite was the first copy of the distributional model. But i guess there are more to wide distribution. Where is aurora coin now if the success is to give the coins to many people as possible?

NXT would be way up there if its beginnings hadn't been so botched. Screaming about distribution is still the first thing that comes out when people discuss it.

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June 23, 2014, 09:02:55 PM
 #774

Interesting things are being prepared for NEM.
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June 23, 2014, 09:08:51 PM
 #775



N.E.M stake should come with space suits. Grin
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June 23, 2014, 09:11:48 PM
 #776

I don't buy from anonymous developers who name themselves after a coin.  So Kora is out for me.

As well many coins have copied NEM's distribution model and failed to drum up interest.  NEM isn't some Communist or freebie coin.  NEM is an initiation to a new economic movement.
+1. Kora is not the first. NXT lite was the first copy of the distributional model. But i guess there are more to wide distribution. Where is aurora coin now if the success is to give the coins to many people as possible?

NXT would be way up there if its beginnings hadn't been so botched. Screaming about distribution is still the first thing that comes out when people discuss it.

Hard to say. Maybe it was intended that way.

A freedom fighter. Stop all your bull shit !
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June 23, 2014, 09:13:13 PM
 #777

Interesting things are being prepared for NEM.

more details ?

A freedom fighter. Stop all your bull shit !
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June 23, 2014, 09:30:26 PM
 #778

Closed alpha has blown me away. Everyone should be very, very excited for the open alpha.

NEM - New Economy Movement - http://blog.nem.io/overview/ | www.reddit.com/r/nem | https://www.facebook.com/ourNEM | https://twitter.com/nemcoin
Built from the Ground up with 100% Original Code | A Second-Generation Crypto, Radically Improved over Bitcoin | Philosophy of Solidarity and Egalitarianism
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June 23, 2014, 09:43:18 PM
 #779

Closed alpha has blown me away. Everyone should be very, very excited for the open alpha.

Yes! It is amazing! I was very excited about open alpha but now.... Really can't wait for everyone to be able to see it and start tinkering with it.
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June 23, 2014, 10:05:48 PM
 #780

Interesting things are being prepared for NEM.

why to say things half the way and keep us intrigue, its better to say it all than keep us in limbo Smiley

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