KimNg
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Activity: 169
Merit: 10
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November 09, 2018, 03:47:40 PM |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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jkoil
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November 10, 2018, 08:48:38 PM |
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Why would POI voting be fairer when those with a low balance would have little say?
Because self-interest is always trying, and PoI is directly proportional to self-interest, that's why private enterprise is usually better than bureaucracy in getting things done efficiently, with some notable exceptions like public goods. Are you saying that those people who have more PoI, have also more to lose in the voting, and that is the reason why they will try to make wise votes? That may be true, but there is also the risk that if the PoI's are too concentrated, then the votes may represent too narrow or too short-term visions. |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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November 10, 2018, 10:12:41 PM |
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Are you saying that those people who have more PoI, have also more to lose in the voting, and that is the reason why they will try to make wise votes?
That may be true, but there is also the risk that if the PoI's are too concentrated, then the votes may represent too narrow or too short-term visions.
By the looks of things no more than a couple of hundred people have registered to vote because the whole process is so fucked up. There's a good chance many of them will be identified as sockpuppets. PoI would've been a better move until less stupid conventional voting could've been put in place. |
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boomboom
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November 10, 2018, 10:51:34 PM |
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Why would POI voting be fairer when those with a low balance would have little say?
Because self-interest is always trying, and PoI is directly proportional to self-interest, that's why private enterprise is usually better than bureaucracy in getting things done efficiently, with some notable exceptions like public goods. Are you saying that those people who have more PoI, have also more to lose in the voting, and that is the reason why they will try to make wise votes? That may be true, but there is also the risk that if the PoI's are too concentrated, then the votes may represent too narrow or too short-term visions. Yes, PoI is directly proportional to self interest in making NEM successful, skin in the game. It doesn't mean good decision making is directly proportion with PoI, but it does remove a lot of stupid elements that often make public sector decision making so frustratingly idiotic when decision makers deploy other people's money and assets.. Until humanity reaches a new plane of enlightenment the safest assumption is the vast majority of people act in their own self interest, therefore the best system of governance is one that aligns the interests of investors with those making decisions. Council members will act to further their own interests, if they are there because a lot of XEM voted for them they will act to make that XEM more valuable, so they keep their position. If Council members can get elected without much XEM holder support then we will have problems when their personal interests are in conflict with the value of XEM, so we could expect the same inefficiencies as the government sector, big salaries, lots of overseas travel, people more worried with personal power and influence than making NEM price rise, which is the ultimate result of good decisions, increased adoption increasing market price. |
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MMysterious
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Activity: 972
Merit: 255
Bear season or just the beginning
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November 11, 2018, 09:49:08 AM |
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Ouch! I am too behind on crypto news since the market slump. So Lon Wong is already out as head of NEM? He is the founder so is he still officially part of the team or not? His project is still using the NEM network. Any story behind?
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LordAltcoin
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Activity: 113
Merit: 0
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November 11, 2018, 10:18:55 AM
Last edit: November 11, 2018, 11:09:25 AM by LordAltcoin |
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Regardless.... Ive seen so much "Drama" like this in Crypto and everytime, it works out to be the best time to buy, often the "drama" is blown out of porpotion and actually used to drive down prices. Mark my words.... If you are in XEM HODL, ignore the Drama. If you are looking to Buy, fill your boots ! IF nothnig else, chart looks perfect! Started at the bottom! Current XEM Chart on Bittrex with clear Buy zone > https://i.imgur.com/bc9ewX9.jpg |
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Blondoar
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Activity: 196
Merit: 10
TACHAIN Entertainment and Transportation Synergy
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November 11, 2018, 01:03:47 PM |
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apparently they've secured a partnership that will allow 1000 businesses to accept Xem as a currency. Nem really is the next bitcoin imo
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KimNg
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Activity: 169
Merit: 10
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November 11, 2018, 01:31:16 PM |
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Regardless.... Ive seen so much "Drama" like this in Crypto and everytime, it works out to be the best time to buy, often the "drama" is blown out of porpotion and actually used to drive down prices. Mark my words.... If you are in XEM HODL, ignore the Drama. If you are looking to Buy, fill your boots ! IF nothnig else, chart looks perfect! Started at the bottom! Current XEM Chart on Bittrex with clear Buy zone >  "In the midst of chaos, there is also opportunity." -Sun Tzu |
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nzminer
Legendary
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Activity: 1918
Merit: 1001
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November 12, 2018, 03:39:59 AM |
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Regardless.... Ive seen so much "Drama" like this in Crypto and everytime, it works out to be the best time to buy, often the "drama" is blown out of porpotion and actually used to drive down prices. Mark my words.... If you are in XEM HODL, ignore the Drama. If you are looking to Buy, fill your boots ! IF nothnig else, chart looks perfect! Started at the bottom! Current XEM Chart on Bittrex with clear Buy zone > "In the midst of chaos, there is also opportunity." -Sun Tzu Look how stable the price has been since august! |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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nzminer
Legendary
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Activity: 1918
Merit: 1001
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November 12, 2018, 03:40:58 AM |
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Ouch! I am too behind on crypto news since the market slump. So Lon Wong is already out as head of NEM? He is the founder so is he still officially part of the team or not? His project is still using the NEM network. Any story behind?
Lon is still very much involved with NEM and is working on his own project to extend the NEM ecosystem called ProximaX. |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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icosscam
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Activity: 73
Merit: 0
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November 12, 2018, 08:47:22 AM |
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any news why XEM flying?
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SolarStorm
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Activity: 81
Merit: 10
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November 12, 2018, 09:37:18 AM |
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satb
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Activity: 202
Merit: 30
forum.nem.io
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November 12, 2018, 01:57:19 PM
Last edit: November 12, 2018, 03:11:01 PM by satb |
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Coin Check Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, President: Toshihiko Katsuya, hereinafter referred to as "Company") resumed new account opening and payment / purchase of some virtual currencies on October 30, 2018, With regard to ETH, XEM and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment / purchase of the virtual currency from November 12, 2018. https://corporate.coincheck.com/2018/11/12/61.html |
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ormin79
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November 12, 2018, 03:48:22 PM |
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Typical pump before dump. 6 cents or lower - new dip in this month is matter of high possibility. However this may be flash crash, so it could be not easy to catch. I have renewed strong position @around 10 cents, but i am waiting patienly for even lower prices for longterm accumulation. Without longer period of accumulation no huge uptrend will be in case of XEM possible, only erratic moves without specified direction and noise to provoke impatient specultors to sell lower, what they bought higher.
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Oinas
Member
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Activity: 81
Merit: 10
I wasn't here
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November 12, 2018, 07:01:32 PM |
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nzminer
Legendary
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Activity: 1918
Merit: 1001
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November 12, 2018, 09:10:37 PM |
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Typical pump before dump. 6 cents or lower - new dip in this month is matter of high possibility. However this may be flash crash, so it could be not easy to catch. I have renewed strong position @around 10 cents, but i am waiting patienly for even lower prices for longterm accumulation. Without longer period of accumulation no huge uptrend will be in case of XEM possible, only erratic moves without specified direction and noise to provoke impatient specultors to sell lower, what they bought higher.
All markets have been pretty much flat since August, you have had 3 months now to accumulate as you put it  |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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Bytem3
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November 12, 2018, 10:29:37 PM |
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NEM did a nice jump up today Gained 14% after Coincheck resumed trading!
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DenisZabar
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November 13, 2018, 12:56:45 AM |
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Why sudden price jump  |
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