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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 1968868 times)
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Kora
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June 24, 2014, 02:27:41 PM
 #881

Securities are a serious thing.  Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.

The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.



I think you are right here! If you quack like an IPO, and waddle like an IPO ...

Doesn't matter what the fine print says, NEM took payment and will deliver tokens. If a securities regulator used a common sense approach they would *probably* argue that NEM had an IPO.

When a business displays a sign like 'all care taken but no responsibility accepted' it is meaningless. If the law says you are responsible, that's the law, and displaying a sign that says otherwise wont save you in a court of law.

UtopianFuture is better off now that he is 'retired'.

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June 24, 2014, 02:35:47 PM
 #882

I don't think anyone will care about not being in genesis block!

There's implication of this... accounts inside nemesis block are fully vested...

After talking to gimre, it looks like NXT AE NEMstake will be in NEMESIS after all.

Buy with confidence. Being in at NEMESIS will give you slightly more harvesting power at the beginning (but don't worry, it will even out once the NEM economy matures a bit).

NeverEnoughMakoto XEM: NDMAKOTODH4OXMQCAGZWWPVLRUVOCLXXKOSKFUJA/
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June 24, 2014, 02:36:02 PM
 #883

Securities are a serious thing.  Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.

The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.

I think you are right here! If you quack like an IPO, and waddle like an IPO ...

Doesn't matter what the fine print says, NEM took payment and will deliver tokens. If a securities regulator used a common sense approach they would *probably* argue that NEM had an IPO.

When a business displays a sign like 'all care taken but no responsibility accepted' it is meaningless. If the law says you are responsible, that's the law, and displaying a sign that says otherwise wont save you in a court of law.

UtopianFuture is better off now that he is 'retired'.

Are you familiar with Howey test? If bitshare/ mastercoin people are fine, I have a hard time to see any issue with UF's approach. He probably knows more about what he was doing than most people do.

A freedom fighter. Stop all your bull shit !
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June 24, 2014, 02:52:35 PM
 #884

i just wnat to know how high we can go with the price ,it seems the price is 0.0000035B per nem now according to NTX-AE.
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June 24, 2014, 02:54:25 PM
 #885

Is there a way to bid on some on the stakes on the AE without downloading the client?

Ethereum > xem
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June 24, 2014, 02:55:54 PM
 #886

Is there a way to bid on some on the stakes on the AE without downloading the client?
i do not think so ,you must have a nxt account and some nxtcoins.
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June 24, 2014, 02:56:18 PM
 #887

Is there a way to bid on some on the stakes on the AE without downloading the client?

Hi! No, but using the client couldn't be easier: http://nxtra.org/nxt-wallet -- click and go.
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June 24, 2014, 02:59:07 PM
 #888

Is there a way to bid on some on the stakes on the AE without downloading the client?

Hi! No, but using the client couldn't be easier: http://nxtra.org/nxt-wallet -- click and go.
is it safe ??
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June 24, 2014, 03:00:16 PM
 #889

Is there a way to bid on some on the stakes on the AE without downloading the client?

Hi! No, but using the client couldn't be easier: http://nxtra.org/nxt-wallet -- click and go.
is it safe ??

Yes, it's the official client.
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June 24, 2014, 03:01:45 PM
 #890

Securities are a serious thing.  Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.

The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.

I think you are right here! If you quack like an IPO, and waddle like an IPO ...

Doesn't matter what the fine print says, NEM took payment and will deliver tokens. If a securities regulator used a common sense approach they would *probably* argue that NEM had an IPO.

When a business displays a sign like 'all care taken but no responsibility accepted' it is meaningless. If the law says you are responsible, that's the law, and displaying a sign that says otherwise wont save you in a court of law.

UtopianFuture is better off now that he is 'retired'.

Are you familiar with Howey test? If bitshare/ mastercoin people are fine, I have a hard time to see any issue with UF's approach. He probably knows more about what he was doing than most people do.

I honestly hope so. We're all on the same crypto team after all, and if one coin goes down, so would a lot of other ones.

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June 24, 2014, 03:03:54 PM
 #891

The client kept burning up my laptop with DLing the blockchain and such so I uninstalled it. But I really want some NEM stake sheh...

Ethereum > xem
From Above
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June 24, 2014, 03:11:26 PM
 #892

alpha looks wow 4sure

~CfA~

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June 24, 2014, 03:11:55 PM
 #893

The client kept burning up my laptop with DLing the blockchain and such so I uninstalled it. But I really want some NEM stake sheh...

I may make something that help your purchase easier  Smiley after I check the open Alpha though.

A freedom fighter. Stop all your bull shit !
dandruff1138
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June 24, 2014, 03:15:38 PM
 #894

The client kept burning up my laptop with DLing the blockchain and such so I uninstalled it. But I really want some NEM stake sheh...

I may make something that help your purchase easier  Smiley after I check the open Alpha though.

Well thank you! Smiley

Ethereum > xem
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June 24, 2014, 03:34:15 PM
 #895

6/25 Alpha NEM Client is coming! I'm very very very excited about this!  Shocked
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June 24, 2014, 03:36:27 PM
 #896

6/25 Alpha NEM Client is coming! I'm very very very excited about this!  Shocked

soundz DOPE

~CfA~

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June 24, 2014, 03:36:39 PM
 #897

After talking to gimre, it looks like NXT AE NEMstake will be in NEMESIS after all.

Nice!

sweet!

does that mean the process of redemption of nxt AE stakes will be automated?

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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June 24, 2014, 03:44:53 PM
 #898

Securities are a serious thing.  Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.

The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.



I think you are right here! If you quack like an IPO, and waddle like an IPO ...

Doesn't matter what the fine print says, NEM took payment and will deliver tokens. If a securities regulator used a common sense approach they would *probably* argue that NEM had an IPO.

When a business displays a sign like 'all care taken but no responsibility accepted' it is meaningless. If the law says you are responsible, that's the law, and displaying a sign that says otherwise wont save you in a court of law.

UtopianFuture is better off now that he is 'retired'.

This is a communal association. There was and is no company. If you collect money in the church for something good and there is no promise of return are you telling me it is an IPO?

There was no promise of return. Cryptos were raised for a common cause and about >2800 participants (socks or not) voluntarily put their faith on it that it will come into fruition for a new movement and not with a promise of profit.

That is the difference.

Fastpow
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June 24, 2014, 03:47:33 PM
 #899

Securities are a serious thing.  Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.

The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.



I think you are right here! If you quack like an IPO, and waddle like an IPO ...

Doesn't matter what the fine print says, NEM took payment and will deliver tokens. If a securities regulator used a common sense approach they would *probably* argue that NEM had an IPO.

When a business displays a sign like 'all care taken but no responsibility accepted' it is meaningless. If the law says you are responsible, that's the law, and displaying a sign that says otherwise wont save you in a court of law.

UtopianFuture is better off now that he is 'retired'.

This is a communal association. There was and is no company. If you collect money in the church for something good and there is no promise of return are you telling me it is an IPO?

There was no promise of return. Cryptos were raised for a common cause and about >2800 participants (socks or not) voluntarily put their faith on it that it will come into fruition for a new movement and not with a promise of profit.

That is the difference.

devs on their own say its IPO dude

~CfA~

Nope, the devs have said all along that is was a call of participation.

Curecoin, more than just a coin.
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June 24, 2014, 03:49:43 PM
 #900

Securities are a serious thing.  Ethereum has been having legal problems as it's based in Ontario (IIRC) and they have very strict laws when it comes to securities, crowd funding, et al.

The law is such is that coin developers have to remain anonymous, unless it's Ripple style premine. No legal issues in selling magical coins but the law comes down hard when it resembles securities and funding.



I think you are right here! If you quack like an IPO, and waddle like an IPO ...

Doesn't matter what the fine print says, NEM took payment and will deliver tokens. If a securities regulator used a common sense approach they would *probably* argue that NEM had an IPO.

When a business displays a sign like 'all care taken but no responsibility accepted' it is meaningless. If the law says you are responsible, that's the law, and displaying a sign that says otherwise wont save you in a court of law.

UtopianFuture is better off now that he is 'retired'.

This is a communal association. There was and is no company. If you collect money in the church for something good and there is no promise of return are you telling me it is an IPO?

There was no promise of return. Cryptos were raised for a common cause and about >2800 participants (socks or not) voluntarily put their faith on it that it will come into fruition for a new movement and not with a promise of profit.

That is the difference.

devs on their own say its IPO dude

~CfA~

rockethead's interpretation is correct. I read the fundraising page and there was no mention of IPO and it does sound like a participatory association. The auction later on can be interpreted as an IPO though so be careful with that.

A freedom fighter. Stop all your bull shit !
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