gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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June 05, 2017, 04:13:25 PM |
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Since the NEM devs never disappointed us, I highly doubt that NEM's value will decrease in the near future but rather we could face the fact that a funding worth of 5 million XEM could be soon equal to 5 million USD!
They have absolutely nothing to do with setting the price. |
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Scharfenberger
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June 05, 2017, 04:17:59 PM |
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Since the NEM devs never disappointed us, I highly doubt that NEM's value will decrease in the near future but rather we could face the fact that a funding worth of 5 million XEM could be soon equal to 5 million USD!
They have absolutely nothing to do with setting the price. I know! The thing is we should find a reasonable cap for funding in order to make sure that there is enough remaining for each and every party that wants to create something for the NEM platform. |
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samysamy1
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June 05, 2017, 04:22:35 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.
Can't see any global benefit in this project. |
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Skelaton4
Newbie
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Activity: 15
Merit: 0
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June 05, 2017, 04:23:38 PM |
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Since the NEM devs never disappointed us, I highly doubt that NEM's value will decrease in the near future but rather we could face the fact that a funding worth of 5 million XEM could be soon equal to 5 million USD!
I am hopeful that you are correct and that 5 NEM is worth 5 million, but even if that is the case. We need innovation to attain such lofty goals. These massive funds were set aside for this very purpose. I don't see the benefit in keeping them tied up. More important questions were list above. Such as: How does this increase the value of NEM? How will the community benefit? Will this broaden the potential adoption of NEM? etc etc etc Questions like these are more important than the question of whether or not to use the funds, IMO. |
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samysamy1
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June 05, 2017, 04:27:47 PM |
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If you look at Dash and their model of the masternodes voting on what to fund each month you can learn how to increase use and utility. Dash has a YouTube channel describing everything about development and progress etc. Their aggressive advertising has helped them brand their coin. They have paid outside companies to incorporate dash in their websites. Enabling fiat to dash.
Nem is a great platform but it could use some good advertising and videos explaining the utility. This should be done quickly because new platforms are evolving quickly. Dan Larimer has a new project called EOS that seems very similar to Nem.
We have been telling the Nem team to do some good marketing for years, but they just won't listen. |
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samysamy1
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June 05, 2017, 04:32:50 PM |
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Why are there so many "newbies" on here trying to convince us to fund this project with 15 Million Xem?
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Scharfenberger
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June 05, 2017, 04:37:33 PM |
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Why are there so many "newbies" on here trying to convince us to fund this project with 15 Million Xem?
True, that's remarkable. But it won't change the outcome of a funding at all as most of the voting people are Nembers since the beginning ;-) |
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Skelaton4
Newbie
Offline
Activity: 15
Merit: 0
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June 05, 2017, 04:40:48 PM |
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Why are there so many "newbies" on here trying to convince us to fund this project with 15 Million Xem?
Long time lurker. Finally, something that is actually asking for community input, thought I would give some. |
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Zylon
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June 05, 2017, 04:44:33 PM |
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If you look at Dash and their model of the masternodes voting on what to fund each month you can learn how to increase use and utility. Dash has a YouTube channel describing everything about development and progress etc. Their aggressive advertising has helped them brand their coin. They have paid outside companies to incorporate dash in their websites. Enabling fiat to dash.
Nem is a great platform but it could use some good advertising and videos explaining the utility. This should be done quickly because new platforms are evolving quickly. Dan Larimer has a new project called EOS that seems very similar to Nem.
We have been telling the Nem team to do some good marketing for years, but they just won't listen. Pls NEM team, put this money into marketing instead of supporting this project! A good marketing is much more important! |
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Scharfenberger
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June 05, 2017, 04:49:43 PM |
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If you look at Dash and their model of the masternodes voting on what to fund each month you can learn how to increase use and utility. Dash has a YouTube channel describing everything about development and progress etc. Their aggressive advertising has helped them brand their coin. They have paid outside companies to incorporate dash in their websites. Enabling fiat to dash.
Nem is a great platform but it could use some good advertising and videos explaining the utility. This should be done quickly because new platforms are evolving quickly. Dan Larimer has a new project called EOS that seems very similar to Nem.
We have been telling the Nem team to do some good marketing for years, but they just won't listen. Pls NEM team, put this money into marketing instead of supporting this project! A good marketing is much more important! Marketing and the investment in the listing of XEM on the bigger exchanges as this attract people (without paying for marketing), too! |
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SolarStorm
Member
Offline
Activity: 81
Merit: 10
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June 05, 2017, 04:54:28 PM |
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The value of a cryptocurrency imo does not derive from development, like it was a stock, but of usage.
I notice people in here seem to think that if you add 3 mio on development cost, that the value of the 'stock' goes up 3 mio. But htat is not the case. it will go up simply because nem gets more useful, and more people want to holds some. Therefore i would vote for the development project, because it is important to increase usage asap, and then we will laugh about the dev costs in a few years.
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cybercash
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June 05, 2017, 05:07:53 PM |
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Why are there so many "newbies" on here trying to convince us to fund this project with 15 Million Xem?
Offtopic: Apparently you are a newb too that don't know how to edit a post... Topic: Who can guarantee that they don't get away with the funds, 15M XEMs ain't low? |
cybercash - bathing in cybercurrencies
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Scharfenberger
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June 05, 2017, 05:10:33 PM |
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Why are there so many "newbies" on here trying to convince us to fund this project with 15 Million Xem?
Offtopic: Apparently you are a newb too that don't know how to edit a post... Topic: Who can guarantee that they don't get away with the funds, 15M XEMs ain't low? That's the reason why I suggested a waterproof contract beforehand (for instant NEM Foundation and XXX). This also should include a detailed compliance check when it comes to such a huge amount of XEM. |
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gadado
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June 05, 2017, 05:30:43 PM |
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I give you something to think about. A proposal from a year ago on the DASH page: https://www.dashcentral.org/p/Vendor-ExperienceThe vendor machine they built was a really great thing and yes sure more than worth to be supported!! Unfortunatly they asked about too much in the proposal which ended in a no vote and a rage quit. At first glance it didn't look bad: All they asked was 729 DASH a month for 8 years. A bit more than a year ago this was just: Monthly Amount 729.000 DASH (2,954.52 USD) (2,815.11 EUR) Total Amount 72,171.000 DASH (292,497.56 USD) (278,695.95 EUR) Total Payments 99 so 3000 dollars a month. Sure that had been ok. !!! It had been worth it! --- Now just a year later the 729 Dash translate into 100'000 dollar per month !! ..and there had been 7 more years to go ---- |
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NEMergizer
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June 05, 2017, 06:03:29 PM |
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Why are there so many "newbies" on here trying to convince us to fund this project with 15 Million Xem?
Good catch! All of a sudden a bunch of newbies supporting a project for an unknown organization! |
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CoinNews
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June 05, 2017, 06:38:56 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. I would argue that this is a critical time in the history of NEM. Many cryptos are racing to become the chosen Blockchain/coin, innovation at this juncture will help drive adoption. If no one adopts NEM it doesn't matter if we have 1 trillion in the DEV fund if no one is using it. I say go for it.
There were few good points ... Basically, I would not reject new devs, because they are coming "outside" of NEM. But the another issues are a) the possible benefits to NEM b) the costs To evaluate the possible benefits, there are needed good examples of the use cases, etc. 5 days is quite short time to study and understand them well enough. To evaluate the costs there are 2 ways: how much coding work (men months) the project requires or/and how much NEM community values the possible benefits. Correct! would like to add/extend it: 2nd point - Need to clear understand why they need 13m xem, but not 16m or 20m. Propose: - I'd suggest to divide budget to each Milestone for clear vision and undesrtanding - Send payment once Milestone is reached (!!!)1st point - Explain simple users what benefits nem could get. for example, it could increase time of development in 2-3 times and so on. Best regards, John Galt |
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pfrtlpfmpf
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June 05, 2017, 07:00:18 PM
Last edit: June 05, 2017, 07:21:21 PM by pfrtlpfmpf |
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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. I would argue that this is a critical time in the history of NEM. Many cryptos are racing to become the chosen Blockchain/coin, innovation at this juncture will help drive adoption. If no one adopts NEM it doesn't matter if we have 1 trillion in the DEV fund if no one is using it. I say go for it.
There were few good points ... Basically, I would not reject new devs, because they are coming "outside" of NEM. But the another issues are a) the possible benefits to NEM b) the costs To evaluate the possible benefits, there are needed good examples of the use cases, etc. 5 days is quite short time to study and understand them well enough. To evaluate the costs there are 2 ways: how much coding work (men months) the project requires or/and how much NEM community values the possible benefits. Correct! would like to add/extend it: 2nd point - Need to clear understand why they need 13m xem, but not 16m or 20m. Propose: - I'd suggest to divide budget to each Milestone for clear vision and undesrtanding - Send payment once Milestone is reached (!!!)1st point - Explain simple users what benefits nem could get. for example, it could increase time of development in 2-3 times and so on. Best regards, John Galt - Send payment once Milestone is reached (!!!)I heard that before, somewhere . . . Thanks, I only trust NEM devs. What they say to this ? Hallo NEM-Team ? I know you´re busy, but let us not make a mistake here ! They must have an opinion to this, it´s their project. |
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NEMergizer
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June 05, 2017, 07:10:09 PM |
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So at this moment there should be no voting up until the proposal is rewritten with more details including full milestone. I would also like to see reduction in the requested funds. Nem community funds should remain available for future projects. I guess there will be many more projects in the near future. Each approved project should not consume more than 1% of the community funds unless its an extremely valuable project that will be used by the majority of nemers and will help in expanding the community and nem users.
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CoinNews
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June 05, 2017, 07:16:17 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. I would argue that this is a critical time in the history of NEM. Many cryptos are racing to become the chosen Blockchain/coin, innovation at this juncture will help drive adoption. If no one adopts NEM it doesn't matter if we have 1 trillion in the DEV fund if no one is using it. I say go for it.
There were few good points ... Basically, I would not reject new devs, because they are coming "outside" of NEM. But the another issues are a) the possible benefits to NEM b) the costs To evaluate the possible benefits, there are needed good examples of the use cases, etc. 5 days is quite short time to study and understand them well enough. To evaluate the costs there are 2 ways: how much coding work (men months) the project requires or/and how much NEM community values the possible benefits. Correct! would like to add/extend it: 2nd point - Need to clear understand why they need 13m xem, but not 16m or 20m. Propose: - I'd suggest to divide budget to each Milestone for clear vision and undesrtanding - Send payment once Milestone is reached (!!!)1st point - Explain simple users what benefits nem could get. for example, it could increase time of development in 2-3 times and so on. Best regards, John Galt - Send payment once Milestone is reached (!!!)I heard that before, somewhere . . . Thanks, I only trust NEM devs. What they say to this ? Hallo NEM-Team ? I know you´re busy, but let us not make a mistake here ! 1. We have to pay for done job if we don't have real contract! 2. This is a good approach from managment side then team has good motivation to finish Milestone 3. Team should also understand that we got info about the team only TODAY! Albert Castellana - albert@atraura.com / @kstellana Product Owner Aleix Morgadas - aleix@atraura.com / @aleix_mp Architect Guillem Sole - guillem@atraura.com / @guillemsc Developer David García - david@atraura.com / @david360 Developer Andreu Rodriguez - andreu@atraura.com / @anrodon Developer Alvaro Llobet - alvaro@atraura.com / @Alvarollobet Marketing Gerard Bernal - gerard@atraura.com / @GerardBe Marketing |
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NEMergizer
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June 05, 2017, 07:18:00 PM |
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Please correct me if am wrong: It seems to me that the proposed NEM authenticator project will mainly require a one full time experienced developer. He can fully develop it within 6 months + 3 to 6 months more for testing. In addition the project will require good security tests. Overall there is no way that $3,000,000 is needed for such project. I would evaluate it in the range of minimum $200k to maximum $600k. I am all ears if anyone would like to prove me wrong on that.
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