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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2631465 times)
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cryptonikus
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June 24, 2014, 06:25:54 AM
 #801

?? Still talking about fairness... When I was about to invest in NXT, the thing that bothered me was existence of whales, who could crash/manipulate the market. It is risky and less attractive for investors, when they know, that one person could crash the price day after they invested.

Nem distribution is good, because someone with 10 or so stakes cant crash the price. All fairness talk is nonsense.
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rabbiter
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June 24, 2014, 06:27:17 AM
 #802


Will sign up there too. Who knows if that turns out to be good too.

Never thought NEM would reach this heights pricewise.


Kora is an attempt at a clone of Qora not NEM. Imitation is indeed the sincerest form of flattery. Grin
patmast3r
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June 24, 2014, 06:28:54 AM
 #803


Will sign up there too. Who knows if that turns out to be good too.

Never thought NEM would reach this heights pricewise.


Kora is an attempt at a clone of Qora not NEM. Imitation is indeed the sincerest form of flattery. Grin

That's going to be quite hard. How do they copy it if it's not open-source yet and noone knows how their new POS works (plz correct me if I'm wrong here).
Maybe they'll reverse eng it. That would be the first clone that actually took loads of work Smiley

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June 24, 2014, 07:11:31 AM
 #804

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.

Seriously, the difference between NXT and NEM stakeholders is zilch.
Its still a small percentage on a global scale.
Distribution is NOT why ive invested in NEM...

There's actually a huge difference. With NXT you have 70 stakeholders who forge gobs of NXT daily just by holding, and with NEM you have 3000 stakeholders who are incentivized through POI to do the exact opposite of holding.

Even if you hold 1 million NXT, you dont get much by forging, seriously, check out the calculator, you might get 100NXT a month

THE XEMURAI WILL DELIVER
kattokassinen
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June 24, 2014, 08:31:04 AM
 #805

Will the open alpha launch exactly at 00:00 GMT?  Smiley
oldisoft
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June 24, 2014, 08:43:34 AM
 #806

Will the open alpha launch exactly at 00:00 GMT?  Smiley

http://www.timeanddate.com/countdown/to?p0=1440&iso=20140625T00&year=2014&month=6&day=25&hour=0&min=0&sec=0&msg=The%20Great%20NEM%20Alpha%20Launch

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June 24, 2014, 08:53:30 AM
 #807

another new ocin.hope earning more fromit.thanks.

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Thingamajig
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June 24, 2014, 09:00:00 AM
 #808

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.

Seriously, the difference between NXT and NEM stakeholders is zilch.
Its still a small percentage on a global scale.
Distribution is NOT why ive invested in NEM...

Personally, I see your points.

The NEM distribution will be exploited, but I think to a lesser extent. The purpose of the rules were to make unfair claims harder or more troublesome - everyone knows people will attempt to work around it. Thats greed for you. Additionally some people are more prudent with money, others not so - eventually some will acquire alot more coins than others. It's just the way of the world and it's why i get rather annoyed when people preach "Decentralized" when ultimately the wealth always becomes centralized. Again, not that this bothers me, it's a fact of life; what bothers me is when people intentionally mislead others with this decentralized argument.

The thing is, in light of what NXT is - Proof of Stake - Distribution should've been a far, far bigger concern, as those with the most coins can forge more. Ultimately the entire concept just lets the first holders richer because while more people buy in, not only does the value of their stash increase, but they're also forging more coins to add to the pile. For them it's a win/win.

I quite like NXT to be honest - as anything that breaks away from the PoW model is a good thing in my view - but PoS doesn't do it for me. NEM's PoI is by far the most interesting concept.

patmast3r
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June 24, 2014, 09:15:55 AM
 #809


I wouldn't look at that countdown too much. It's going to happen sometime tomorrow but when exactly is uncertain.
I don't think anyone from the team is in a timezone where 00:00 GMT is a time to lurk on btt Smiley

kattokassinen
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June 24, 2014, 10:02:30 AM
 #810


I wouldn't look at that countdown too much. It's going to happen sometime tomorrow but when exactly is uncertain.
I don't think anyone from the team is in a timezone where 00:00 GMT is a time to lurk on btt Smiley
Thanks for the answer. Eagerly waiting for the alpha launch. 00:00 GMT is 2 AM for me so good to know I won't stay awake for no reason Smiley
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June 24, 2014, 10:03:55 AM
 #811


I wouldn't look at that countdown too much. It's going to happen sometime tomorrow but when exactly is uncertain.
I don't think anyone from the team is in a timezone where 00:00 GMT is a time to lurk on btt Smiley
Thanks for the answer. Eagerly waiting for the alpha launch. 00:00 GMT is 2 AM for me so good to know I won't stay awake for no reason Smiley

It'd be totally absurd to stay awake since there is no limit on the alpha. It won't matter if you get in on week 1 or minute 1.
It may even be easier to find someone to send you some NEM when there are already more people around Smiley

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June 24, 2014, 10:14:34 AM
 #812


I wouldn't look at that countdown too much. It's going to happen sometime tomorrow but when exactly is uncertain.
I don't think anyone from the team is in a timezone where 00:00 GMT is a time to lurk on btt Smiley
Thanks for the answer. Eagerly waiting for the alpha launch. 00:00 GMT is 2 AM for me so good to know I won't stay awake for no reason Smiley

Don't stay late. Grab some sleep and then join our IRC refreshed. PM me with NEM address so that I can send you some NEM for testing.
That goes for everybody!  Smiley

A forwarded joke: I'm just going to lend you NEM, you can pay me back after the official launch  Grin
shaman2000
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June 24, 2014, 10:19:59 AM
 #813

It's alive!


very nice wallet

NEM: New Economy Movement site || Nem on Facebook: || Nem Official moderated BTT Thread: || Nem Official forum:
You still can be a Nem Investor/StakeHolder. Take a look here and stakes are negotiated on NXT asset Exchange here. We are waiting YOU!!!!
oldisoft
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June 24, 2014, 10:32:17 AM
 #814


I wouldn't look at that countdown too much. It's going to happen sometime tomorrow but when exactly is uncertain.
I don't think anyone from the team is in a timezone where 00:00 GMT is a time to lurk on btt Smiley
Thanks for the answer. Eagerly waiting for the alpha launch. 00:00 GMT is 2 AM for me so good to know I won't stay awake for no reason Smiley

Don't stay late. Grab some sleep and then join our IRC refreshed. PM me with NEM address so that I can send you some NEM for testing.
That goes for everybody!  Smiley

A forwarded joke: I'm just going to lend you NEM, you can pay me back after the official launch  Grin

 Grin Grin good joke)

Christopher RF
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June 24, 2014, 10:54:38 AM
 #815

nem maybe is die Sad Sad

oldisoft
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June 24, 2014, 11:05:18 AM
 #816

nem maybe is die Sad Sad
probably your mind is going to die...

Simakki
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June 24, 2014, 11:24:02 AM
 #817

nem maybe is die Sad Sad
probably your mind is going to die...

These trolls are so pathetic  Grin

Can´t wait ´till tomorrow

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June 24, 2014, 11:28:51 AM
 #818

nem maybe is die Sad Sad

Speculators from China are already interested in NEM  Cheesy

forum.nem.io
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June 24, 2014, 11:43:55 AM
 #819

Hello

Is nice to see NEM stake value increase but I think this could also lead to another problem
that the stake could become so expensive that other people will be reluctant to join.
The question is what(how) can we do to increase NEM user base even more before the
complete release of the coin and the NEM stake becomes to expensive (valuable)?!



a trusted member of the nem community could issue nem stakes on the AE divisible by 100 rather than 10. the stakes coming from the stakes to be auctioned or elsewhere. come distribution the devs distribute the stakes as they would to those who claimed plus the stakes to the trusted member who would then distribute the coins to those who claim the stakes that they bought off him. main distributor(who ever is in control of stakes) > ~10 stakes > sub distributor sells on AE(amounts down to .01 of a stake all set to sell at the market price set by the main market) > buyers,

buyers(nxt payed for stakes) > sub distributor > main distibutor

there is no extra work created for main devs/distributor, as it would be passed on to the sub distributor. every one with out enough to buy .1 on main market could buy on the mini market.

thoughts?



I think that would be a great idea! You could call it little NEM stake, to avoid confusion?

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June 24, 2014, 12:19:23 PM
 #820

Hello

Is nice to see NEM stake value increase but I think this could also lead to another problem
that the stake could become so expensive that other people will be reluctant to join.
The question is what(how) can we do to increase NEM user base even more before the
complete release of the coin and the NEM stake becomes to expensive (valuable)?!



a trusted member of the nem community could issue nem stakes on the AE divisible by 100 rather than 10. the stakes coming from the stakes to be auctioned or elsewhere. come distribution the devs distribute the stakes as they would to those who claimed plus the stakes to the trusted member who would then distribute the coins to those who claim the stakes that they bought off him. main distributor(who ever is in control of stakes) > ~10 stakes > sub distributor sells on AE(amounts down to .01 of a stake all set to sell at the market price set by the main market) > buyers,

buyers(nxt payed for stakes) > sub distributor > main distibutor

there is no extra work created for main devs/distributor, as it would be passed on to the sub distributor. every one with out enough to buy .1 on main market could buy on the mini market.

thoughts?

I think that would be a great idea! You could call it little NEM stake, to avoid confusion?

Anyone can issue mini-tokens as long as he is credible. XCP anyone ?

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