makoto1337
Legendary
 Offline
Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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January 09, 2015, 12:08:33 AM |
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somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons, and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.
the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.
You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price
Brilliant piece of writing! +1 Nakamoto |
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freigeist
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January 09, 2015, 01:19:11 AM |
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Where's Utopian's sock puppets when you need them. Grasping at straws man, grasping at straws. Speaking of straws and straw mans, check this and meet yours! http://www.yourstrawman.com/ |
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Djinou94
Legendary
Offline
Activity: 1036
Merit: 1000
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January 09, 2015, 02:34:29 AM |
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somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons, and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.
the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.
You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price
Brilliant piece of writing! +1 Nakamoto +2 cake satoshi |
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HungryLaunch
Newbie
Offline
Activity: 57
Merit: 0
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January 09, 2015, 03:15:14 AM |
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600 pages
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makoto1337
Legendary
Offline
Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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January 09, 2015, 03:26:19 AM |
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600 pages
A little too early ^_- |
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jasemoney
Legendary
Offline
Activity: 1610
Merit: 1008
Forget-about-it
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January 09, 2015, 03:31:34 AM |
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600 pages
A little too early ^_- Can't blame HungryLaunch, Im starting to get excited too! Wish I had some BTC to spare.. Id love to nail down another NEMmy Stake. |
$MAID & $BTC other than that some short hodls and some long held garbage.
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Djinou94
Legendary
Offline
Activity: 1036
Merit: 1000
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January 09, 2015, 03:58:07 AM |
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600 pages and the coin is not launch wtf
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jabo38
Legendary
Offline
Activity: 1232
Merit: 1001
mining is so 2012-2013
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January 09, 2015, 05:32:24 AM |
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somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons, and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.
the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.
You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price
a very big and delicious cake  |
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FuckingNEM
Newbie
Offline
Activity: 6
Merit: 0
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January 09, 2015, 05:59:16 AM |
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Yeah cause it's OUR fault that NEM started a redemption thread that has lasted so far for 7 MONTHS with no actual redemption....I see clearly now it's all our fault. |
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mixmaster
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January 09, 2015, 07:21:52 AM |
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I'm really looking forward to check out multisig in the next BETA release. A coin which starts without multisig doesnt seem serious.
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patmast3r
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January 09, 2015, 07:27:59 AM |
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I'm really looking forward to check out multisig in the next BETA release. A coin which starts without multisig doesnt seem serious.
Next release will prob lack the GUI but we'll prob. provide description on how to use it anyway but it won't be very user friendly. Maybe someone will write some scripts so it's easier for non-tech people. Don't worry - at launch GUI will be ready  |
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martismartis
Legendary
Offline
Activity: 1162
Merit: 1005
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January 09, 2015, 08:00:49 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
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patmast3r
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January 09, 2015, 08:27:01 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
multi-sig has little todo with that i think but if someone wants to do that - go for it. Don't think the core team will have time for that. |
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rockethead
Legendary
Offline
Activity: 1059
Merit: 1016
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January 09, 2015, 08:55:51 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
You mean NEM MGW? |
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martismartis
Legendary
Offline
Activity: 1162
Merit: 1005
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January 09, 2015, 09:26:03 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
You mean NEM MGW? It could be NEM MGW, of course. But there is working NXT MGW and I think 50% of Nemsters also using NXT. |
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Simakki
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January 09, 2015, 10:11:35 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
You mean NEM MGW? It could be NEM MGW, of course. But there is working NXT MGW and I think 50% of Nemsters also using NXT. I prefer to work on behalf NEM MGW rather than stuck with NXT... People who already had used NXT could have bought NEM from NX AE. This time it should be the opposite way. |
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oldisoft
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January 09, 2015, 10:28:03 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
You mean NEM MGW? It could be NEM MGW, of course. But there is working NXT MGW and I think 50% of Nemsters also using NXT. I prefer to work on behalf NEM MGW rather than stuck with NXT... People who already had used NXT could have bought NEM from NX AE. This time it should be the opposite way. Absolutely agree with! We get tired of the stuck with NXT |
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haggis
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January 09, 2015, 10:57:10 AM |
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martismartis
Legendary
Offline
Activity: 1162
Merit: 1005
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January 09, 2015, 11:02:00 AM |
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Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
You mean NEM MGW? It could be NEM MGW, of course. But there is working NXT MGW and I think 50% of Nemsters also using NXT. I prefer to work on behalf NEM MGW rather than stuck with NXT... People who already had used NXT could have bought NEM from NX AE. This time it should be the opposite way. Absolutely agree with! We get tired of the stuck with NXT But Pat wrote, that NEM core devs will not have time for this. So what is the solution other, than use NXT MGW at the begining? Do you have one? NXT/Supernet multigateway is a working solution and I think NXT/Supernet devs will help with NEM implementation in MGW. |
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