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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 1949254 times)
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ARGpentem
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June 24, 2014, 01:42:41 AM
 #821

for my part, Im not against NXT, I just think they have a distribution problem, that keeps getting worse..

I don't think so. 2000 vs 100 stakeholders seems like a huge difference and I think NEM will profit from a big community but to be honest the distribution is barely better. People will always complain about unfair distribution. I mean what about the other 7 billion people in the world? Life is really unfair mimimimimi....
Also it has turned out that NXT actually benefits from its stakeholders. A few stakeholder with huge amounts of coins are donating more than thousands of investors with little amounts. What I fear about NEM launch is that many people cash out when price is high and in the end the distribution is as bad as in NXT, Bitcoin and others.

Lets assume there are some people with multiple stakes.

They are likely to either dump most but a lot may be motivated marketers.  If they were motivated enough to sign up for all the BTT accounts then they will be motivated to help out NEM for the long run.  So while we may wish there were 0 sock puppets, they may not necessarily be as bad as people think.  They might also be more willing to give NEM out to friends etc.  It isn't 100% one sided.

Having 3000 stakeholders would be the best, but having 2000 might be 90% as good if those motivated to acquire stakes are motivated to continually support NEM over their stakes.  It is even possible that those sock puppets end up being more valued than the people who came on late once it had been determined to be a very successful coin.

While we are assuming…. Let’s assume that most investors have bought their legal 2 shares (I have). Let’s also assume that 10% of investors have been greedy and have bought 10 or more shares. What does that do to the NEM distribution model?

To me the fair distribution argument for NEM has never seemed any fairer to me than NXT or any other crypto it the large scheme of things. Imagine even 3,000 of the 7,000,000,000 people in the world getting shares and 6,999,997,000 not getting shares. It doesn’t seem like a drop in the bucket fairness wise, does it?


"NEM is the first crypto-coin that no wealthy person or early adopters can obtain a significant percentage of by using money to buy-in or by using a huge mining rig. That to me symbolizes a great sense of fairness and egalitarianism". (NEM wiki)

It is probably okay if you work hard for it. anyway, it is a moot point. if you truly feel that way about "fairness", there is no need to go to NEM thread to defend your coin.

A freedom fighter. Stop all your bull shit !
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June 24, 2014, 02:32:57 AM
 #822

I already wrote this on 26/02: (This quotation is a little bit changed in the beginning of the sentence).
 
"It would be possible to write another coin (little brother of NEM), which would be only possible to mine/forge/harvest, by trading and/or holding NEM.
The more you trade/hold, the more you get. Also if you sell or buy some NEM, you're earning some of the little brother.
NEM should get an unbelievable thrust through and it would people even more animate to use this Movement."

I don't want to lose this idea. It would be a huge deal, I think - Especially in long term.
NEM will hold up any option, that's what NEM is made for Smiley

GreetZ


BitZCoin



PS:
Now is the time to buy your stake @: http://bit.ly/1qmjzRV
(1 000 000 NEM are not even @ 30 000 NXT right now! Smiley

If you have ideas, feel free to post them on trello. Smiley

What is the point of having another coin that rides of NEM? I mean, what is the benefit to the user?

NeverEnoughMakoto XEM: NDMAKOTODH4OXMQCAGZWWPVLRUVOCLXXKOSKFUJA/
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June 24, 2014, 02:53:03 AM
 #823


It should be considered flattery. Smiley

"A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves."  -Lao Tzu
My Trust Thread: https://bitcointalk.org/index.php?topic=474589.new#new
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June 24, 2014, 02:57:05 AM
 #824


Wow. 5% goes to webapp registration dev. UP should have 5% if only he did not disappear  Grin

NEM: TC2L3G2VREUAZI7SE5WJW7TM6B3DBBKL4DJCO6AA
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June 24, 2014, 03:21:08 AM
 #825

I already wrote this on 26/02: (This quotation is a little bit changed in the beginning of the sentence).
 
"It would be possible to write another coin (little brother of NEM), which would be only possible to mine/forge/harvest, by trading and/or holding NEM.
The more you trade/hold, the more you get. Also if you sell or buy some NEM, you're earning some of the little brother.
NEM should get an unbelievable thrust through and it would people even more animate to use this Movement."

I don't want to lose this idea. It would be a huge deal, I think - Especially in long term.
NEM will hold up any option, that's what NEM is made for Smiley

GreetZ


BitZCoin



PS:
Now is the time to buy your stake @: http://bit.ly/1qmjzRV
(1 000 000 NEM are not even @ 30 000 NXT right now! Smiley

If you have ideas, feel free to post them on trello. Smiley

What is the point of having another coin that rides of NEM? I mean, what is the benefit to the user?

Having a secondary coin which exists on the NEM Asset Exchange would, theoretically, help to improve price volatility.

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 24, 2014, 03:31:08 AM
 #826

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...

THE XEMURAI WILL DELIVER
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June 24, 2014, 03:54:57 AM
 #827

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.
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June 24, 2014, 05:41:35 AM
 #828

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.

Given the world population is 7 billion who never received any Nem, the difference isn't that much. Next year Nem2 will show up claiming to be "fair" as it will distribute to 10,000

And Nem distribution isn't "3000" yet as how many will be unclaimed is still unknown.

NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
dwma
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June 24, 2014, 05:53:42 AM
 #829


Given the world population is 7 billion who never received any Nem, the difference isn't that much. Next year Nem2 will show up claiming to be "fair" as it will distribute to 10,000

And Nem distribution isn't "3000" yet as how many will be unclaimed is still unknown.

Well, some people might think that every living creature should be given NEM.  In that case there are more than 7 billion.  Some people might say that is silly of me to suggest, but why not?  It is about the same expectation. Smiley

In an idealized world everyone would have the exact same amount of coins.  As it is, NEM probably has ~20 x as many stake holders as NXT started with, possibly more, likely not less.  It will be a significantly more flat distribution.  People will not be so invested in it that everyone is a selfish prick.  The flat distribution will help stabilize the market.  No one can dump all their NXT and destroy the price.  THere are numerous reasons why NEM is significantly better distribution wise.  The current line seems to be to compare every distribution to 7 billion people.

It is not just the distribution, but the demographic of the original stakeholders.  You have passionate people x20.

Anyway..  what a stupid argument..  The NXT trolls are going to be working this stuff hard.  It is easy to pay trolls when you have a fortune off your original stake.

Has anyone created a decent signature?  I had a nice stylized one but changed it to something else and am now looking to copy someone else's quality NEM BTT signature.
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June 24, 2014, 06:19:36 AM
 #830


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

Never thought NEM would reach this heights pricewise.






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cryptonikus
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June 24, 2014, 06:25:54 AM
 #831

?? 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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June 24, 2014, 06:27:17 AM
 #832


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
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June 24, 2014, 06:28:54 AM
 #833


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
 #834

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
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June 24, 2014, 08:31:04 AM
 #835

Will the open alpha launch exactly at 00:00 GMT?  Smiley
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June 24, 2014, 08:43:34 AM
 #836

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

IOTA is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things(IOT)
    http://forum.iotatoken.com/  http://iotatoken.com/ https://iotatangle.slack.com/ http://iotasupport.com/ http://www.tangleblog.com/
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June 24, 2014, 08:53:30 AM
 #837

another new ocin.hope earning more fromit.thanks.

    Bitcoin-Scratchticket.com       Win Bitcoin Playing Scratchtickets        Provably Fair   
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June 24, 2014, 09:00:00 AM
 #838

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.

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June 24, 2014, 09:15:55 AM
 #839


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

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June 24, 2014, 10:02:30 AM
 #840


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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