makoto1337
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Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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February 27, 2015, 01:34:53 AM |
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Was you NXT account ID named Martis? Yes   How long were you gonna keep the last 0.1 NEMstake on NXT AE for sale? I mean you were cutting it close. I took a nap 4 hour before deadline and had order for selling 0.1 of nemstake. It was bought at 23:51. Then, I don't know how, I wake up on 23:54 and my pants became wet, when I saw the time That was fastest transaction I ever made I bet LOL BTW I was the buyer of your 0.1 nemstake LOL Cheers to you! You bought my 9500 NXT 0.1 NEMstake!!... Seems you joined the party very late, and end up buy it expensive?? I bought the majority of my nemstake at a much lower price months before today. I bought the last 0.2 nemstake for about 0.84 BTC. I think it was a good buy even at that price. Think about it, in 6 months time, do you think you buy 100,000 XEM on an exchange for $120 USD. I just can't see it. I gotta admit, I myself was very very late party joiner. I just joined last night. Still not totally sure how much 0.1 NEMstake worth (0.1 NEMstake = XEM/NEM ??) accurately, but would definitely be worth much more when it'll be traded on Exchanges  Well 1 nemstake = 1,000,000 XEM so 0.1 nemstake = 100,000 XEM nope. 1 nemstake 2.249.000 xem. hmmm.... I got reply of my query on NXTForum like this: That's why I'm not so sure.... Today is the deadline to redeem your NEMstake assets. It won't be extended, so get those in! Join the nemolution How much NEM will be given for 0.2 NEMstake? 200000 xem for 0.2 nem stake. Not correct, it will be 500000 for 0.2 nemstake. The total number of XEM was raised from 4 billion XEM to 8,999,999,999 XEM, so all stakes were linearly scaled |
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gsxrl3oi
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February 27, 2015, 01:44:49 AM |
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 NEMstake on the AE is finished. Multisig is finished. I feel like launch is calling me. massage anyone. lol *not from me ofcourse* |
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Lorenzo
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February 27, 2015, 01:46:14 AM |
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I gotta admit, I myself was very very late party joiner. I just joined last night. Still not totally sure how much 0.1 NEMstake worth (0.1 NEMstake = XEM/NEM ??) accurately, but would definitely be worth much more when it'll be traded on Exchanges 1 NEMstake is worth 2,250,000 NEM. 0.1 NEMstake is worth 225,000 NEM. Well 1 nemstake = 1,000,000 XEM so 0.1 nemstake = 100,000 XEM
My feeling suggests that 100,000 XEM can't be worth less than $120 USD. That would be like saying, buying 25,000 NXT for 0.5 BTC (~$120) right now. At current prices you would need 1.3 BTC to get 25,000 NXT (~$310).
Hypothetically, if 1 XEM = 1NXT (accounting for the 1/4 NXT/XEM supply ratio) than 0.1 nemstake would be 1.3 BTC.
It was once true that 1 NEMstake would equal exactly 1 million NEM. This was back when there were only going to be 4 billion coins. However, the coin supply was recently changed to 9 billion NEM. This represents a x2.25 increase hence a single NEMstake now represents 2.25 million NEM. hmmm.... I got reply of my query on NXTForum like this: That's why I'm not so sure.... Today is the deadline to redeem your NEMstake assets. It won't be extended, so get those in! Join the nemolution How much NEM will be given for 0.2 NEMstake? 200000 xem for 0.2 nem stake. Not correct, it will be 500000 for 0.2 nemstake. Both are incorrect, although the second figure of 500,000 is very close. In actual fact, 0.2 NEMstake now represents 450,000 NEM. |
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grewalsatinder
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Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
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February 27, 2015, 01:55:01 AM |
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I gotta admit, I myself was very very late party joiner. I just joined last night. Still not totally sure how much 0.1 NEMstake worth (0.1 NEMstake = XEM/NEM ??) accurately, but would definitely be worth much more when it'll be traded on Exchanges 1 NEMstake is worth 2,250,000 NEM. 0.1 NEMstake is worth 225,000 NEM. Well 1 nemstake = 1,000,000 XEM so 0.1 nemstake = 100,000 XEM
My feeling suggests that 100,000 XEM can't be worth less than $120 USD. That would be like saying, buying 25,000 NXT for 0.5 BTC (~$120) right now. At current prices you would need 1.3 BTC to get 25,000 NXT (~$310).
Hypothetically, if 1 XEM = 1NXT (accounting for the 1/4 NXT/XEM supply ratio) than 0.1 nemstake would be 1.3 BTC.
It was once true that 1 NEMstake would equal exactly 1 million NEM. This was back when there were only going to be 4 billion coins. However, the coin supply was recently changed to 9 billion NEM. This represents a x2.25 increase hence a single NEMstake now represents 2.25 million NEM. hmmm.... I got reply of my query on NXTForum like this: That's why I'm not so sure.... Today is the deadline to redeem your NEMstake assets. It won't be extended, so get those in! Join the nemolution How much NEM will be given for 0.2 NEMstake? 200000 xem for 0.2 nem stake. Not correct, it will be 500000 for 0.2 nemstake. Both are incorrect, although the second figure of 500,000 is very close. In actual fact, 0.2 NEMstake now represents 450,000 NEM. Good to know! Is there any official thread of this or any official message or document stating how it's being divided? I think that will seal the accuracy part. As per your calculations given, seems I might have then 0.6 NEMstakes = 1,350,000. Not too bad. Hope NEM will be equal or more than NXT. I actually admire all of them (BitCoin, NXT, Ethereum, and now NEM).... Also, if any of you may know somebody who could help activating my NEM forum account? I'm not getting activation key for my account registration...  Cheers! |
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0nlyBTC
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February 27, 2015, 01:55:39 AM |
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I gotta admit, I myself was very very late party joiner. I just joined last night. Still not totally sure how much 0.1 NEMstake worth (0.1 NEMstake = XEM/NEM ??) accurately, but would definitely be worth much more when it'll be traded on Exchanges 1 NEMstake is worth 2,250,000 NEM. 0.1 NEMstake is worth 225,000 NEM. Well 1 nemstake = 1,000,000 XEM so 0.1 nemstake = 100,000 XEM
My feeling suggests that 100,000 XEM can't be worth less than $120 USD. That would be like saying, buying 25,000 NXT for 0.5 BTC (~$120) right now. At current prices you would need 1.3 BTC to get 25,000 NXT (~$310).
Hypothetically, if 1 XEM = 1NXT (accounting for the 1/4 NXT/XEM supply ratio) than 0.1 nemstake would be 1.3 BTC.
It was once true that 1 NEMstake would equal exactly 1 million NEM. This was back when there were only going to be 4 billion coins. However, the coin supply was recently changed to 9 billion NEM. This represents a x2.25 increase hence a single NEMstake now represents 2.25 million NEM. hmmm.... I got reply of my query on NXTForum like this: That's why I'm not so sure.... Today is the deadline to redeem your NEMstake assets. It won't be extended, so get those in! Join the nemolution How much NEM will be given for 0.2 NEMstake? 200000 xem for 0.2 nem stake. Not correct, it will be 500000 for 0.2 nemstake. Both are incorrect, although the second figure of 500,000 is very close. In actual fact, 0.2 NEMstake now represents 450,000 NEM. Can a DEV confirm? I guess I missed the memo. |
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makoto1337
Legendary
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Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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February 27, 2015, 02:00:13 AM |
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I gotta admit, I myself was very very late party joiner. I just joined last night. Still not totally sure how much 0.1 NEMstake worth (0.1 NEMstake = XEM/NEM ??) accurately, but would definitely be worth much more when it'll be traded on Exchanges 1 NEMstake is worth 2,250,000 NEM. 0.1 NEMstake is worth 225,000 NEM. Well 1 nemstake = 1,000,000 XEM so 0.1 nemstake = 100,000 XEM
My feeling suggests that 100,000 XEM can't be worth less than $120 USD. That would be like saying, buying 25,000 NXT for 0.5 BTC (~$120) right now. At current prices you would need 1.3 BTC to get 25,000 NXT (~$310).
Hypothetically, if 1 XEM = 1NXT (accounting for the 1/4 NXT/XEM supply ratio) than 0.1 nemstake would be 1.3 BTC.
It was once true that 1 NEMstake would equal exactly 1 million NEM. This was back when there were only going to be 4 billion coins. However, the coin supply was recently changed to 9 billion NEM. This represents a x2.25 increase hence a single NEMstake now represents 2.25 million NEM. hmmm.... I got reply of my query on NXTForum like this: That's why I'm not so sure.... Today is the deadline to redeem your NEMstake assets. It won't be extended, so get those in! Join the nemolution How much NEM will be given for 0.2 NEMstake? 200000 xem for 0.2 nem stake. Not correct, it will be 500000 for 0.2 nemstake. Both are incorrect, although the second figure of 500,000 is very close. In actual fact, 0.2 NEMstake now represents 450,000 NEM. Can a DEV confirm? I guess I missed the memo. 1 NEMstake is 1/4000 of all XEM. There are 8,999,999,999 XEM, so 1 stake is (8,999,999,999/4000=) 2,249,999.99975 XEM |
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0nlyBTC
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February 27, 2015, 02:01:45 AM |
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I gotta admit, I myself was very very late party joiner. I just joined last night. Still not totally sure how much 0.1 NEMstake worth (0.1 NEMstake = XEM/NEM ??) accurately, but would definitely be worth much more when it'll be traded on Exchanges 1 NEMstake is worth 2,250,000 NEM. 0.1 NEMstake is worth 225,000 NEM. Well 1 nemstake = 1,000,000 XEM so 0.1 nemstake = 100,000 XEM
My feeling suggests that 100,000 XEM can't be worth less than $120 USD. That would be like saying, buying 25,000 NXT for 0.5 BTC (~$120) right now. At current prices you would need 1.3 BTC to get 25,000 NXT (~$310).
Hypothetically, if 1 XEM = 1NXT (accounting for the 1/4 NXT/XEM supply ratio) than 0.1 nemstake would be 1.3 BTC.
It was once true that 1 NEMstake would equal exactly 1 million NEM. This was back when there were only going to be 4 billion coins. However, the coin supply was recently changed to 9 billion NEM. This represents a x2.25 increase hence a single NEMstake now represents 2.25 million NEM. hmmm.... I got reply of my query on NXTForum like this: That's why I'm not so sure.... Today is the deadline to redeem your NEMstake assets. It won't be extended, so get those in! Join the nemolution How much NEM will be given for 0.2 NEMstake? 200000 xem for 0.2 nem stake. Not correct, it will be 500000 for 0.2 nemstake. Both are incorrect, although the second figure of 500,000 is very close. In actual fact, 0.2 NEMstake now represents 450,000 NEM. Can a DEV confirm? I guess I missed the memo. 1 NEMstake is 1/4000 of all XEM. There are 8,999,999,999 XEM, so 1 stake is (8,999,999,999/4000=) 2,249,999.99975 XEM Thanks |
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nzminer
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Activity: 1918
Merit: 1001
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February 27, 2015, 02:13:43 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes!  thats ALOT of NEM! |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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makoto1337
Legendary
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Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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February 27, 2015, 02:21:18 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. |
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zoata87
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Activity: 1218
Merit: 1004
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February 27, 2015, 02:25:46 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM!  |
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0nlyBTC
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February 27, 2015, 02:37:40 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. Says 946 nemstakes in the issuing account. Now the deadline has ended, does that mean the remaining 54 nemstakes on NXT AE have not been redeemed? If so, what happens to that XEM? |
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makoto1337
Legendary
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Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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February 27, 2015, 03:02:39 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. Says 946 nemstakes in the issuing account. Now the deadline has ended, does that mean the remaining 54 nemstakes on NXT AE have not been redeemed? If so, what happens to that XEM? Yes, those have not been redeemed and will be used according to these guidelines for sock and unclaimed stakes: https://forum.nemcoin.com/general-discussion/proposed-usage-for-unclaimed-socks/msg13351/#msg13351 |
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KickAzzDude
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February 27, 2015, 03:36:05 AM |
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So when can BTT token people redeem?
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kingaltcoins
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February 27, 2015, 04:00:50 AM |
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1 NEMstake is 1/4000 of all XEM. There are 8,999,999,999 XEM, so 1 stake is (8,999,999,999/4000=) 2,249,999.99975 XEM [/quote] Thanks for clearing that up |
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Hollowman338
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Activity: 1246
Merit: 1000
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February 27, 2015, 04:11:56 AM |
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The first post-redemption bagholder sale occured; 0.1 stake for 3700 NXT. Ouch. |
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grewalsatinder
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Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
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February 27, 2015, 04:20:29 AM |
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The first post-redemption bagholder sale occured; 0.1 stake for 3700 NXT. Ouch. Yea, I was also looking at the Sell transaction happened... LOL..... |
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nzminer
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Activity: 1918
Merit: 1001
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February 27, 2015, 04:44:25 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. Wasnt trying to FUD, I redeemed my stake, i didnt realise that they still existed when redeemed, i thought they got "burned" when i sent them to that address! lol BTW... Why was it a different address than the issuing address that we had to send the stakes to for redemption? |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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makoto1337
Legendary
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Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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February 27, 2015, 04:57:06 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. Wasnt trying to FUD, I redeemed my stake, i didnt realise that they still existed when redeemed, i thought they got "burned" when i sent them to that address! lol BTW... Why was it a different address than the issuing address that we had to send the stakes to for redemption? UtopianFuture left after issuing the original stakes, so everything was transferred to accounts we control (was my understanding). In a way, you have to admit that it is awesome that UP didn't just run away with everything, but instead worked to transfer everything to the core team. |
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nzminer
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Activity: 1918
Merit: 1001
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February 27, 2015, 05:17:50 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. Wasnt trying to FUD, I redeemed my stake, i didnt realise that they still existed when redeemed, i thought they got "burned" when i sent them to that address! lol BTW... Why was it a different address than the issuing address that we had to send the stakes to for redemption? UtopianFuture left after issuing the original stakes, so everything was transferred to accounts we control (was my understanding). In a way, you have to admit that it is awesome that UP didn't just run away with everything, but instead worked to transfer everything to the core team. OK, that makes sense, that was something i was concerned about initially but i thought that he handed the account over to someone else, but i guess he would have still had access so that seems logical to start a new account. |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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makoto1337
Legendary
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Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
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February 27, 2015, 05:37:48 AM |
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And to think that the largest bagholder of NEMstake had over 800 NEMstakes! thats ALOT of NEM! That's some nice FUD The account with over 900 NEMstake assets is the issuing account. Wasnt trying to FUD, I redeemed my stake, i didnt realise that they still existed when redeemed, i thought they got "burned" when i sent them to that address! lol BTW... Why was it a different address than the issuing address that we had to send the stakes to for redemption? UtopianFuture left after issuing the original stakes, so everything was transferred to accounts we control (was my understanding). In a way, you have to admit that it is awesome that UP didn't just run away with everything, but instead worked to transfer everything to the core team. OK, that makes sense, that was something i was concerned about initially but i thought that he handed the account over to someone else, but i guess he would have still had access so that seems logical to start a new account. You got it |
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