Pamadar
Legendary
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Activity: 2982
Merit: 1028
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June 05, 2017, 09:15:53 AM |
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This news makes more excitement in the market as NEM dev are kept working for future developments of the project. So in future, we have our own forum for spreading the news about XEM/NEM. Very good to know about it. yes this news will bring more and more new people to support nem as progress is ongoing and more news are spreading we will expect a much higher value in this coming days, good call to buy for sure it will not go down between 8-9k lets bring it on NEM team... |
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revelacaogr
Legendary
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Activity: 1316
Merit: 1021
2009 Alea iacta est
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June 05, 2017, 09:49:43 AM |
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NEMergizer
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June 05, 2017, 12:30:58 PM |
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With all respect to Albert and Atraura Organization, I am totally and completely against funding any third party organization using NEM funds. NEM funds should only get spent to expand the NEM dev team internally "NOT EXTERNALLY". Any third party organization can create their own crowd funding away from NEM dev funds. Moreover, the requested 15 Million XEM seems too high compared to the proposed solution. |
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jor77
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June 05, 2017, 12:39:07 PM |
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With all respect to Albert and Atraura Organization, I am totally and completely against funding any third party organization using NEM funds. NEM funds should only get spent to expand the NEM dev team internally "NOT EXTERNALLY". Any third party organization can create their own crowd funding away from NEM dev funds.
Totally agree with this! Only internal use! |
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gatilocoin
Member
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Activity: 116
Merit: 10
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June 05, 2017, 01:03:40 PM |
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With all respect to Albert and Atraura Organization, I am totally and completely against funding any third party organization using NEM funds. NEM funds should only get spent to expand the NEM dev team internally "NOT EXTERNALLY". Any third party organization can create their own crowd funding away from NEM dev funds.
Totally agree with this! Only internal use! And I agree. Better 15 million XEM ( 3 329 355 $) to spend to expand the development team, a lot of smart advertising, creating videos and stuff. This is the basis and it is not enough. For this money, can win the hearts of all potential investors and make it so that they are satisfied with the economy NEM. Just see how the companies were built: Apple, Microsoft, Facebook, Tesla. Aggressive advertising and smart technologies. The Ethereum is gaining speed and soon there will be number 1. NEM system better Ethereum. We need to act aggressively. While there is time. |
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gentlemand
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Activity: 2604
Merit: 3089
Welt Am Draht
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June 05, 2017, 01:05:25 PM |
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With all respect to Albert and Atraura Organization, I am totally and completely against funding any third party organization using NEM funds. NEM funds should only get spent to expand the NEM dev team internally "NOT EXTERNALLY". Any third party organization can create their own crowd funding away from NEM dev funds.
Totally agree with this! Only internal use! That's ridiculous. There aren't very many of them and they're busy people and not exactly the most reactive or accessible bunch. There's a mountain of money waiting to be used to improve NEM. If an outsider can do it then it should be allocated. Ideas come from everywhere. I have no clue or opinion about this project, but for instance the upcoming Trezor integration comes from an outside programmer. He did a deal and is being paid by developer funds as far as I know. It's a vast benefit to everyone that wouldn't otherwise have happened. And this project isn't asking for all the funds upfront anyway. |
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Scharfenberger
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June 05, 2017, 01:08:37 PM |
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With all respect to Albert and Atraura Organization, I am totally and completely against funding any third party organization using NEM funds. NEM funds should only get spent to expand the NEM dev team internally "NOT EXTERNALLY". Any third party organization can create their own crowd funding away from NEM dev funds.
Totally agree with this! Only internal use! It depends!!!! Before we dismiss this opportunity, what kind of contract would be created between NEM and this third party? In case they'd receive NEM funding, we should ask if they solely rely on NEM or on other platforms, too. If they only and entirely (!) rely on NEM, then I see no difference, why they should get treated differently in comparison to any other start-up that uses NEM. (Regardless the funding they're asking for at this stage as this should be questioned later on) Just my two NEMs! |
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gadado
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June 05, 2017, 01:43:42 PM |
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15 million XEM is a lot to ask especially if you consider that the value of a XEM likely will still grow a good way in the comming months. So we are not talking just about 3 mil dollars which is already a lot but given time a lot more.
I can't judge Atraura because I don't know them but the request of such a sum for a more or less open outcome rises a question mark to me.
I dont really see the benefit of
"Our goal: Create the best open source framework for blockchain development."
When it is done by a third party. That might ask for trouble. My question would be how you maintain this after the project phase is over. How do you keep it up to date with the core development?
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NEMergizer
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June 05, 2017, 01:45:22 PM |
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With all respect to Albert and Atraura Organization, I am totally and completely against funding any third party organization using NEM funds. NEM funds should only get spent to expand the NEM dev team internally "NOT EXTERNALLY". Any third party organization can create their own crowd funding away from NEM dev funds.
Totally agree with this! Only internal use! That's ridiculous. There aren't very many of them and they're busy people and not exactly the most reactive or accessible bunch. There's a mountain of money waiting to be used to improve NEM. If an outsider can do it then it should be allocated. Ideas come from everywhere. I have no clue or opinion about this project, but for instance the upcoming Trezor integration comes from an outside programmer. He did a deal and is being paid by developer funds as far as I know. It's a vast benefit to everyone that wouldn't otherwise have happened. And this project isn't asking for all the funds upfront anyway. Trezor is a different story and it is considered a lite project. It was a request from the NEM community not a request form a third party organization for funding. Totally different story. Please make sure to evaluate and compare apple to apple. |
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NEMergizer
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June 05, 2017, 01:55:59 PM |
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I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!
Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.
A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.
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Defender_Of_The_Ancients
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June 05, 2017, 01:59:50 PM |
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I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!
Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.
A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.
That's a very valid point. Always good to read smart posts  I start to read about XEM project and I see there's a massive community behind. I'm trying to find a project and enter it long-term, XEM is one of the things I start to track. |
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LemonAndFriesOne
Legendary
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Activity: 1050
Merit: 1000
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June 05, 2017, 02:08:07 PM |
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I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!
Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.
A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.
Everytime something like this comes up, I have not seen one developer in the thread asking for a vote or setting up a system for the initial investors to vote on. We can discuss this all day long, but if we can't actually physically vote then all these are just words and we will be ignored. Can anyone point me to where the voting is happening? Because I have yet to see it all these years. |
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NEMergizer
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June 05, 2017, 02:11:45 PM |
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I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!
Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.
A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.
Everytime something like this comes up, I have not seen one developer in the thread asking for a vote or setting up a system for the initial investors to vote on. We can discuss this all day long, but if we can't actually physically vote then all these are just words and we will be ignored. Can anyone point me to where the voting is happening? Because I have yet to see it all these years. I followed the NEM forum links and couldn't find any voting there. Can't wait to vote with a BIG NO. |
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enhu
Legendary
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Activity: 2492
Merit: 1018
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June 05, 2017, 02:14:26 PM |
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If its for the development, I would actually allow the funds to be used, we might not wait for years for NEM to moon its demand. If you are to keep your NEMs anyway, you'd be patient to see price go up again. It started with less than a cent too.
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fudster
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June 05, 2017, 02:21:14 PM |
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I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!
Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.
A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.
That's a very valid point. Always good to read smart posts I start to read about XEM project and I see there's a massive community behind. I'm trying to find a project and enter it long-term, XEM is one of the things I start to track. Agree. WAVES platform has developed and supported token projects within their platforms which is a smart move for them. Its going to be a smart decision for all NEM holders too. Don't wait for ARKs to be developed or you'll end up with copied ideas. Use the funds for new projects. |
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Pamadar
Legendary
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Activity: 2982
Merit: 1028
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June 05, 2017, 02:24:02 PM |
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If its for the development, I would actually allow the funds to be used, we might not wait for years for NEM to moon its demand. If you are to keep your NEMs anyway, you'd be patient to see price go up again. It started with less than a cent too.
yes indeed it took only a year and the price went up to this level so what would be the possibility of price increase again after another year, i'm okay if funds needed to be use for more development as we are here to support we already believed and for sure it will make more huge rise up after new development will be offered. |
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NEMergizer
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June 05, 2017, 02:26:41 PM |
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The proposed NEM authenticator from Atraura Organization seems mainly focused on EASE OF USE. I do not see any new proposed feature other than utilizing multi-sig "which is one of NEM's core features". They will utilize multi-sig in a manner that would make it very easy and simple for users to use it practically for authentication and authorization purposes.
NEM dev team already developed the hard part long time ago "multi-sig". Back then NEM dev team didn't spend $3,000,000+ to develop such impressive core NEM feature.
Atraura Organization is asking for too much funds "$3+ Million" just to utilize NEM technology. It is not smart to waste NEM funds on NEM Dapps. We should vote on the principal that NEM should never fund third party projects unless:
- The research/design been fully developed and approved internally
or
- The added NEM feature been initially requested by the NEM community such as what happened with the hardware wallet request.
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LemonAndFriesOne
Legendary
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Activity: 1050
Merit: 1000
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June 05, 2017, 02:28:24 PM |
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I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!
Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.
A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.
Everytime something like this comes up, I have not seen one developer in the thread asking for a vote or setting up a system for the initial investors to vote on. We can discuss this all day long, but if we can't actually physically vote then all these are just words and we will be ignored. Can anyone point me to where the voting is happening? Because I have yet to see it all these years. I followed the NEM forum links and couldn't find any voting there. Can't wait to vote with a BIG NO. I would also like to vote and have some proper articles/opinions from both sides to make a decision. The first issue anyone should have right now is to demand a voting system if NEM is truly a currency for the community. |
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jyrvalor
Jr. Member
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Activity: 48
Merit: 2
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June 05, 2017, 02:37:25 PM |
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Here's my 2 nem about the latest community fund proposal.
First thing people need to understand is that the community fund and the development fund are not the same thing.
Community fund was created to fund projects outside of the main nem development.
15 million might sound like much but given that there is currently almost 300 million in the community fund this project would only require about 5% of the fund.
Now about the proposal itself:
Having a development framework would make development on the nem chain even easier.
The guys at Atraura have experience developing for nem so they are not just some random company asking for nems so i think there is a good chance they will finish the project.
Having more projects running on the nem blockchain is the best possible advertisement. (Usually theres an uptick in price on any crypto when new projects are finished)
Not to mention this project would not only help Atraura but every developer that wants to develop for the nem chain.
Last thing i want to say is that the milestones in their request sound very reasonable - for the first ones they only need 1,5 million each.
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