NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[rockethead]

No one talked about the Ethereum.

This is other generation of coin. Mine directly from wallet, uses CPU.

There are others details.

https://github.com/ethereum

 

no one cares for ethereum any more. They will be obsolete before they even get off the ground.

Ps. Standing in a bank, in a 10 person long queue to send 70 Euro to portagul cos online takes 2-3 days. Let's hurry this stuff up I can't stick this archaic system anymore lol

Ethereum was another get rich quick scheme, which awards almost everything to a select few like Bitshares, NXT etc. So far only Counterparty and NEM has shown to be widely distributed and above board.

Other generation of coin lol. It will be a forgotten generation soon.

I'm not sure I would agree with that. Ethereum has yet to prove what it's made of.

The signals I have seen until now are quite intriguing. So I'm curious how they'll turn out in the long run.

P.S. I was surprised when the other day I saw Ashton Kutcher(Celebrity actor, turned tech angel investor) tweet about ethereum. Just for the record, he has 16.3 million followers. These are the kind of people we need to target and find a way to bring on board.

Yes don't knock it off till it is dead completely. Their Alpha is way ahead of NEM, though it can be quite cryptic and only understood by hard core programmers.

Never try it. How is it better ? Thanks.

Their alpha is way ahead of NEM does not mean they are way ahead of NEM. ;-). What I meant is their alpha has been around since March and is pretty much Alpha with continual iterations, typical of a programmer syndrome - keep changing till perfection - and it will never get perfected!

You need to compile the client yourself and compiling it can take a toll on you if you are not well versed with it. In other words, it is "cryptic" like I said. Then, you will need to know how to program a contract. Cryptic again. Finally, you need to write your own program to get anything out of it!

This won't go down well with mainstream. They really need to wake up. Hence, if you say it is vaporware, it is not. But if you ask me, I'd say it is good, but only good for some programmers. Useable? Perhaps if they kick off by year end, that would be another 18 months later before it can be used. By then, crypto 3.0 would have crept in!

But I must admit, it is a decent solution. But like a rocket, it is no use if no one knows how to fly it to the moon. You need a Richard Branson to commercialise things and make it easy for anyone to ride on it. ;-)

[1715323840]

1715323840

[rockethead]

I made an earlier post about Ethereum some week or two ago, you are encouraged to read it.  Ethereum is a copyrighting coin but a larger version of Mastercoin.  They spend a lot of time spamming YouTube and articles which are only read by a few hundred.  Surprisingly they've recently had a video with 6000 views but that was over two months, a day old video of a kitten playing with yarn can get more views.

It's a ponzi scheme ran by wealthy investors and there is even a Goldman Sachs' connection.  Nobody wants to contribute to a get quick rich scheme benefiting a few people hence most stay away from that.  After all how is Vitalik flying around the world, staying in hotels and partying it up at conventions?  There's money coming from somewhere.

  With a $30 million IPO, I am not going to invest $1K or $10K as I would only get 0.00003% to 0.0003% of all Ether.  That translates to risking a huge amount of capital (for an average Joe at least) on a coin that may not go past $40 million.   The people who invested into Mastercoin / Maidsafe would had made more money buying Doge, NxT, Darkcoin, et cetera.

Honestly big IPOs or wealthy investors doesn't mean jack.  Crypto currencies don't have an issue in funding but an issue in educating consumers to use their coin over say Bitcoin or a money transfer like Paypal.  No amount of wealthy investors can change that, to be honest.  In Bitcoin and Doge's case - that was all offline viral P2P advertising (like telling your friends to use Bitcoin) or forum advertising.  I learned about crypto currencies from reading an internet forum and I don't think that person was being paid to promote BTC.

Good post dude, ponzi scheme may be a bit strong. Let Ethereum walk their path we will walk ours.

Spot on Mr. Smith.  Taunsew should realise also that there are about 2 million crypto users in this world. Ever wonder why? Because there is no doggone IPOs and Gold Sachs figures in the Crypto industry.

And if we continue to think that cryptos are the best things ever invented since sliced bread, then we may never see this best thing ever happening in our life time, so long we remain arrogant and think we don't need mainstream help.

It has been a good five years since bitcoin was launched and we only have at most a couple of hundred million investments by VCs. In the same time frame, back in the Internet boom, tens of billions were poured in. That is the difference.

It will be a big mistake to continue to be antagonistic in our approach against mainstream. I'd rather go for a "hook line and sinker" approach with mainstream if I want to beat them at their game.

[rockethead]

NEM is on the news http://letstalkbitcoin.com/blog/post/how-i-got-1500-for-commenting-on-an-article. Pretty interesting. Now do some works and make that comment worth 100K and you will be all over the news !

god dammit. "its a clone of nxt".

nothing mentioned about the innovations.

did didnt do any research what so ever.

that article does more bad than it does good.

Kodtycoon, you should not have over-reacted on that article. The fact is, it was supposed to have been a fork of Nxt initially. It was changed halfway through planning later. Nevertheless, he was not right either but simply quoting non factual stuff like listing on the "AE 6 months later". It was about 4.5 months later.

[rockethead]

NEM is on the news http://letstalkbitcoin.com/blog/post/how-i-got-1500-for-commenting-on-an-article. Pretty interesting. Now do some works and make that comment worth 100K and you will be all over the news !

god dammit. "its a clone of nxt".

nothing mentioned about the innovations.

did didnt do any research what so ever.

that article does more bad than it does good.

kodycoon, I liked your comment on the article. Hopefully, people will read it.

thanks. i couldnt let it go unheard. i couldnt believe what i was reading.

please everyone go to http://letstalkbitcoin.com/blog/post/how-i-got-1500-for-commenting-on-an-article and upvote my comment. people need to read the truth.

While there is probably some misinformation, the author has a good will toward NEM so I would rather see some civility toward the article. Hostility does not make friends.

You are right! Everyone is a friend, enemy or not, what more turning an enemy to be a friend instead!

[rockethead]

For all the complaints about the article - I don't see anyone having written an article themselves in order to publicize NEM.


The reality is this guy said he made $1500 just by commenting on an article and that's the stuff which appeals to the Average Joe.  We could easily circulate that article around the net on threads with titles like: "How I made $1500 just by posting a comment on an article" and the amount of views it would get is virtually unlimited and it's good publicity for NEM.  Any publicity is good publicity.  

Don't forget that tons of people came into Crypto Currencies because they heard about Bitcoin hitting $1200.   Yes people came into Bitcoin just because of that and it gave them inspiration that they could repeat that sort of success by buying Bitcoin themselves or going into alternates.  Going years back, guys bragging about making a few bucks mining is what also brought in people into Bitcoin.

So yes I am certain if we circulated that article around the internet it would bring a lot of people into NEM.

+1 making 1500$ just by commenting on an article is very good pr stuff. Wait until 1stake = 15000$, 150000$ or more then I could see the story of buying a pizza for millions dollar all over again, only slightly different with NEM.

Lol. THat' what I just commented!

[rockethead]

I made an earlier post about Ethereum some week or two ago, you are encouraged to read it.  Ethereum is a copyrighting coin but a larger version of Mastercoin.  They spend a lot of time spamming YouTube and articles which are only read by a few hundred.  Surprisingly they've recently had a video with 6000 views but that was over two months, a day old video of a kitten playing with yarn can get more views.

It's a ponzi scheme ran by wealthy investors and there is even a Goldman Sachs' connection.  Nobody wants to contribute to a get quick rich scheme benefiting a few people hence most stay away from that.  After all how is Vitalik flying around the world, staying in hotels and partying it up at conventions?  There's money coming from somewhere.

  With a $30 million IPO, I am not going to invest $1K or $10K as I would only get 0.00003% to 0.0003% of all Ether.  That translates to risking a huge amount of capital (for an average Joe at least) on a coin that may not go past $40 million.   The people who invested into Mastercoin / Maidsafe would had made more money buying Doge, NxT, Darkcoin, et cetera.

Honestly big IPOs or wealthy investors doesn't mean jack.  Crypto currencies don't have an issue in funding but an issue in educating consumers to use their coin over say Bitcoin or a money transfer like Paypal.  No amount of wealthy investors can change that, to be honest.  In Bitcoin and Doge's case - that was all offline viral P2P advertising (like telling your friends to use Bitcoin) or forum advertising.  I learned about crypto currencies from reading an internet forum and I don't think that person was being paid to promote BTC.

Good post dude, ponzi scheme may be a bit strong. Let Ethereum walk their path we will walk ours.

Spot on Mr. Smith.  Taunsew should realise also that there are about 2 million crypto users in this world. Ever wonder why? Because there is no doggone IPOs and Gold Sachs figures in the Crypto industry.

And if we continue to think that cryptos are the best things ever invented since sliced bread, then we may never see this best thing ever happening in our life time, so long we remain arrogant and think we don't need mainstream help.

It has been a good five years since bitcoin was launched and we only have at most a couple of hundred million investments by VCs. In the same time frame, back in the Internet boom, tens of billions were poured in. That is the difference.

It will be a big mistake to continue to be antagonistic in our approach against mainstream. I'd rather go for a "hook line and sinker" approach with mainstream if I want to beat them at their game.

actually it's projected that btc wi'll out pace investment in internet(upto end of 1995) by the end of 2014.

That's not the right projection people want to believe in. It is about investing in ventures relating to BTC vis-a-vis Internet. That's is the real measure. Market Capitalization doesn't say much. Like the equities market, this may not be the true value. It could be very much more or it could be very much less.

[TaunSew]

I made an earlier post about Ethereum some week or two ago, you are encouraged to read it.  Ethereum is a copyrighting coin but a larger version of Mastercoin.  They spend a lot of time spamming YouTube and articles which are only read by a few hundred.  Surprisingly they've recently had a video with 6000 views but that was over two months, a day old video of a kitten playing with yarn can get more views.

It's a ponzi scheme ran by wealthy investors and there is even a Goldman Sachs' connection.  Nobody wants to contribute to a get quick rich scheme benefiting a few people hence most stay away from that.  After all how is Vitalik flying around the world, staying in hotels and partying it up at conventions?  There's money coming from somewhere.

  With a $30 million IPO, I am not going to invest $1K or $10K as I would only get 0.00003% to 0.0003% of all Ether.  That translates to risking a huge amount of capital (for an average Joe at least) on a coin that may not go past $40 million.   The people who invested into Mastercoin / Maidsafe would had made more money buying Doge, NxT, Darkcoin, et cetera.

Honestly big IPOs or wealthy investors doesn't mean jack.  Crypto currencies don't have an issue in funding but an issue in educating consumers to use their coin over say Bitcoin or a money transfer like Paypal.  No amount of wealthy investors can change that, to be honest.  In Bitcoin and Doge's case - that was all offline viral P2P advertising (like telling your friends to use Bitcoin) or forum advertising.  I learned about crypto currencies from reading an internet forum and I don't think that person was being paid to promote BTC.

Good post dude, ponzi scheme may be a bit strong. Let Ethereum walk their path we will walk ours.

Spot on Mr. Smith.  Taunsew should realise also that there are about 2 million crypto users in this world. Ever wonder why? Because there is no doggone IPOs and Gold Sachs figures in the Crypto industry.

And if we continue to think that cryptos are the best things ever invented since sliced bread, then we may never see this best thing ever happening in our life time, so long we remain arrogant and think we don't need mainstream help.

It has been a good five years since bitcoin was launched and we only have at most a couple of hundred million investments by VCs. In the same time frame, back in the Internet boom, tens of billions were poured in. That is the difference.

It will be a big mistake to continue to be antagonistic in our approach against mainstream. I'd rather go for a "hook line and sinker" approach with mainstream if I want to beat them at their game.

If your assumption that IPOs and banks are important then how come people aren't throwing billions at Mastercoin?

I'ld say it's the opposite - the fact we have 2 million crypto users is because Bitcoin wasn't centralized by a company and there wasn't an IPO.  There's plenty of money transfer services in the world and most people write them off as ponzi schemes or scams, since they are all centralized companies which had IPOs and/or they only benefit their owners.

Ethereum frankly has no appeal to the business community.  There's no Ethereum language developers to hire (as the language barely exists at the moment), so you can't really create VC businesses to handle it.  Ethereum's huge IPO effectively means any potential returns on investments are limited.  To see a 10x return Ethereum would have to hit $300 million and frankly that's harder than it sounds.

In essence, as I've written before, Ethereum ends up being a larger version of Mastercoin or eMunie where it's all dominated by a few wealthy investors who are baffled as to why nobody wants to buy into their get quick rich scheme

[rockethead]

I made an earlier post about Ethereum some week or two ago, you are encouraged to read it.  Ethereum is a copyrighting coin but a larger version of Mastercoin.  They spend a lot of time spamming YouTube and articles which are only read by a few hundred.  Surprisingly they've recently had a video with 6000 views but that was over two months, a day old video of a kitten playing with yarn can get more views.

It's a ponzi scheme ran by wealthy investors and there is even a Goldman Sachs' connection.  Nobody wants to contribute to a get quick rich scheme benefiting a few people hence most stay away from that.  After all how is Vitalik flying around the world, staying in hotels and partying it up at conventions?  There's money coming from somewhere.

  With a $30 million IPO, I am not going to invest $1K or $10K as I would only get 0.00003% to 0.0003% of all Ether.  That translates to risking a huge amount of capital (for an average Joe at least) on a coin that may not go past $40 million.   The people who invested into Mastercoin / Maidsafe would had made more money buying Doge, NxT, Darkcoin, et cetera.

Honestly big IPOs or wealthy investors doesn't mean jack.  Crypto currencies don't have an issue in funding but an issue in educating consumers to use their coin over say Bitcoin or a money transfer like Paypal.  No amount of wealthy investors can change that, to be honest.  In Bitcoin and Doge's case - that was all offline viral P2P advertising (like telling your friends to use Bitcoin) or forum advertising.  I learned about crypto currencies from reading an internet forum and I don't think that person was being paid to promote BTC.

Good post dude, ponzi scheme may be a bit strong. Let Ethereum walk their path we will walk ours.

Spot on Mr. Smith.  Taunsew should realise also that there are about 2 million crypto users in this world. Ever wonder why? Because there is no doggone IPOs and Gold Sachs figures in the Crypto industry.

And if we continue to think that cryptos are the best things ever invented since sliced bread, then we may never see this best thing ever happening in our life time, so long we remain arrogant and think we don't need mainstream help.

It has been a good five years since bitcoin was launched and we only have at most a couple of hundred million investments by VCs. In the same time frame, back in the Internet boom, tens of billions were poured in. That is the difference.

It will be a big mistake to continue to be antagonistic in our approach against mainstream. I'd rather go for a "hook line and sinker" approach with mainstream if I want to beat them at their game.

If your assumption that IPOs and banks are important then how come people aren't throwing billions at Mastercoin?

I'ld say it's the opposite - the fact we have 2 million crypto users is because Bitcoin wasn't centralized by a company and there wasn't an IPO.  There's plenty of money transfer services in the world and most people write them off as ponzi schemes or scams, since they are all centralized companies which had IPOs and/or they only benefit their owners.

Ethereum frankly has no appeal to the business community.  There's no Ethereum language developers to hire (as the language barely exists at the moment), so you can't really create VC businesses to handle it.  Ethereum's huge IPO effectively means any potential returns on investments are limited.  To see a 10x return Ethereum would have to hit $300 million and frankly that's harder than it sounds.

In essence, as I've written before, Ethereum ends up being a larger version of Mastercoin or eMunie where it's all dominated by a few wealthy investors who are baffled as to why nobody wants to buy into their get quick rich scheme

Don't know why you keep saying there is an IPO with ethereum but they are also trying to raise funds to work on their project, albeit in a different way to what NEM did.

Why would anyone want to "throw" money at Mastercoin if it wasn't marketed the right way. I wouldn't want to associate and link NEM with Mastercoin for a start. They are separate and if you read Vitalik's experience in there you'd understand why.

Google and Facebook is centralized. I know they are worth more than half a trillion and i know for sure if they want to do some crypto thing, they can easily strike and they may at the right time. And this much I'd say. They won't care about this 2 million minnows that are so banked on their "greatest thing since slice bread". They can continue to think of their great ideals and champion their "decentralization". Reality is there is still more than 7 billion out there, including all the wealth of the less than 1% of the world's population that may buy their idea.

To be honest, I don't care about ethereum and mastercoin. I care about how we are going to make NEM work. My initial thoughts are to beat the big boys at their game - centralize and then de-centralize. It is also no more the ideals of a cryptocoin, but how a cryptocoin will make it compelling and how it will change our lives easily and permanently. And you need fiat sugar for that.

[dandruff1138]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

[rockethead]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

You will because the AE in Nxt keeps account of your address and that you will be sure to get it. In fact, you are more sure of getting it than the ones without an AE Nem Stake! Nevertheless, rest be assured, all will get it. Trust the devs to get things properly rolled out.

[TaunSew]

I made an earlier post about Ethereum some week or two ago, you are encouraged to read it.  Ethereum is a copyrighting coin but a larger version of Mastercoin.  They spend a lot of time spamming YouTube and articles which are only read by a few hundred.  Surprisingly they've recently had a video with 6000 views but that was over two months, a day old video of a kitten playing with yarn can get more views.

It's a ponzi scheme ran by wealthy investors and there is even a Goldman Sachs' connection.  Nobody wants to contribute to a get quick rich scheme benefiting a few people hence most stay away from that.  After all how is Vitalik flying around the world, staying in hotels and partying it up at conventions?  There's money coming from somewhere.

  With a $30 million IPO, I am not going to invest $1K or $10K as I would only get 0.00003% to 0.0003% of all Ether.  That translates to risking a huge amount of capital (for an average Joe at least) on a coin that may not go past $40 million.   The people who invested into Mastercoin / Maidsafe would had made more money buying Doge, NxT, Darkcoin, et cetera.

Honestly big IPOs or wealthy investors doesn't mean jack.  Crypto currencies don't have an issue in funding but an issue in educating consumers to use their coin over say Bitcoin or a money transfer like Paypal.  No amount of wealthy investors can change that, to be honest.  In Bitcoin and Doge's case - that was all offline viral P2P advertising (like telling your friends to use Bitcoin) or forum advertising.  I learned about crypto currencies from reading an internet forum and I don't think that person was being paid to promote BTC.

Good post dude, ponzi scheme may be a bit strong. Let Ethereum walk their path we will walk ours.

Spot on Mr. Smith.  Taunsew should realise also that there are about 2 million crypto users in this world. Ever wonder why? Because there is no doggone IPOs and Gold Sachs figures in the Crypto industry.

And if we continue to think that cryptos are the best things ever invented since sliced bread, then we may never see this best thing ever happening in our life time, so long we remain arrogant and think we don't need mainstream help.

It has been a good five years since bitcoin was launched and we only have at most a couple of hundred million investments by VCs. In the same time frame, back in the Internet boom, tens of billions were poured in. That is the difference.

It will be a big mistake to continue to be antagonistic in our approach against mainstream. I'd rather go for a "hook line and sinker" approach with mainstream if I want to beat them at their game.

If your assumption that IPOs and banks are important then how come people aren't throwing billions at Mastercoin?

I'ld say it's the opposite - the fact we have 2 million crypto users is because Bitcoin wasn't centralized by a company and there wasn't an IPO.  There's plenty of money transfer services in the world and most people write them off as ponzi schemes or scams, since they are all centralized companies which had IPOs and/or they only benefit their owners.

Ethereum frankly has no appeal to the business community.  There's no Ethereum language developers to hire (as the language barely exists at the moment), so you can't really create VC businesses to handle it.  Ethereum's huge IPO effectively means any potential returns on investments are limited.  To see a 10x return Ethereum would have to hit $300 million and frankly that's harder than it sounds.

In essence, as I've written before, Ethereum ends up being a larger version of Mastercoin or eMunie where it's all dominated by a few wealthy investors who are baffled as to why nobody wants to buy into their get quick rich scheme

Don't know why you keep saying there is an IPO with ethereum but they are also trying to raise funds to work on their project, albeit in a different way to what NEM did.

Why would anyone want to "throw" money at Mastercoin if it wasn't marketed the right way. I wouldn't want to associate and link NEM with Mastercoin for a start. They are separate and if you read Vitalik's experience in there you'd understand why.

Google and Facebook is centralized. I know they are worth more than half a trillion and i know for sure if they want to do some crypto thing, they can easily strike and they may at the right time. And this much I'd say. They won't care about this 2 million minnows that are so banked on their "greatest thing since slice bread". They can continue to think of their great ideals and champion their "decentralization". Reality is there is still more than 7 billion out there, including all the wealth of the less than 1% of the world's population that may buy their idea.

To be honest, I don't care about ethereum and mastercoin. I care about how we are going to make NEM work. My initial thoughts are to beat the big boys at their game - centralize and then de-centralize. It is also no more the ideals of a cryptocoin, but how a cryptocoin will make it compelling and how it will change our lives easily and permanently. And you need fiat sugar for that.

No IPO?  Huh?  First you claim there's an Ethereum Alpha and then claim they have no IPO, you have no clue what's happening with Ethereum admit it.  Don't waste my time by mentioning Gihub.



https://bitcoinfoundation.org/forum/index.php?/topic/668-introducing-ethereum/

An IPO has been in the works for ages.  Ethereum is drooling at the idea of a $30 million IPO (they used the token figure of 30,000 BTC but really were pricing $30 million in $Fiat).

By the way you have no clue about the history of crypto currencies, either.  Amazon has already tried "Amazon Payments" and it didn't go anywhere which is proof that big money doesn't make something work.  Technically, if you do your research, you'ld find that many many many companies are already in the transfer payment business but simply don't attract the userbase like Bitcoin or the alternates have.


 It's like saying Boeing (aircraft) should start making automobiles but the reality is Boeing wouldn't have a clue on how to make a good automobile, neither can a company like Facebook or Google make a good crypto currency and they're already preoccupied with their own niches.  If Google or Facebook gets into the game it's because they buy out someone like Ripple, not because they divert existing staff to create a crypto currency.


Ethereum is starting to get annoying.  It's just a 18 year old mascot from Toronto (Goldmacn Sachs wanted a Justin Bieber to promote their coin) who pumps out drafts on Github and yet this kid is more well known than real Bitcoin developers or an alternate developer like Charlie Lee.  I get it, he's "hip young and kewl" - Goldman Sachs should force Vitalik to undergo a make over so they can make him look like a boy band singer.

[crackerhead]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

It's not that they don't know how to disperse it, it's just that the best method of doing so hasn't been decided yet.

[dandruff1138]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

It's not that they don't know how to disperse it, it's just that the best method of doing so hasn't been decided yet.

That worries me a bit but I will just wait until September.

[crackerhead]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

It's not that they don't know how to disperse it, it's just that the best method of doing so hasn't been decided yet.

That worries me a bit but I will just wait until September.

I don't think it should worry you, theoretically it could be done today manually.

[Magic8Ball]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

It's not that they don't know how to disperse it, it's just that the best method of doing so hasn't been decided yet.

That worries me a bit but I will just wait until September.

I don't think it should worry you, theoretically it could be done today manually.

There is nothing to worry about. Once it is released there will be an easy way to claim it, vetted by the community. If you wait until release the price will be very high.

[dandruff1138]

I know this is crazy, but I just purchased some NEMstake, but it seems like considering they still don;t know how to disperse it, how do I have any guarantees to receive it?

It's not that they don't know how to disperse it, it's just that the best method of doing so hasn't been decided yet.

That worries me a bit but I will just wait until September.

I don't think it should worry you, theoretically it could be done today manually.

There is nothing to worry about. Once it is released there will be an easy way to claim it, vetted by the community. If you wait until release the price will be very high.

If you have a crystal ball I would like to borrow it!

[zoata87]

[TaunSew]

I am technologically semi-literate and was able to get the NEM alpha to work, but frankly that required the patience of dealing with bugs and errors for maybe a hour until it finally worked.     I couldn't comprehend how the technologically semi-illiterate (or worse) can get the NEM alpha to work and that might explain why only 200 users are actively testing it.


I suspect once we get the one click install and we edge closer to release, a NEM stake might be worth anywhere between $2K to $5K.  NEM as it stands at $1000 is relatively cheap when we weigh in the possible future valuation but buying now involves a great deal of patience for any prospective would-be buyer.  How much patience?  Quantifiable...  less than the people who have been waiting patiently since January and have refrained from selling on the asset exchange.   I hope I am not proven wrong but I am under the assumption that we'll have a launched beta (as in real coins in our wallets) sometime this year.

Mind you I am not a day trader or a speculator.  I'll probably be accused of being a hoarding penguin (a smaller counterpart to a whale?) with my stake in the year 2020.  

Even for me, the urge to refrain from selling to collect $1500 is big but I have the optimism that NEM will a top tending crypto currency.  It already has a fairly large capitalization despite the only way to purchase it is through the pigeonholed hole NXT Asset Exchange (which no doubt hurts its' capitalization in some sense).  As well, we have seen NEM's value drop considerably as it is partially pegged to the value of NxT and NxT itself went from $.062 some weeks ago to down to $0.042

(a decline of 33%.  If a NEMstake is currently $1141 - if we added back the 33% loss in NxT then NEMstake is back at $1517 which was the range it was at before NxT declined in price.  $1141 x 0.33 = 376.53 + 1141 = $1517 ).


For all the accusation that NEM isn't innovative - I have to keep on playing this old record in that NEM has multiple features and innovations which NxT itself does not possess, let alone the 300+ generation 1.0 bitclones out there.  NEM isn't a step behind anyone, on the contrary, it's steps ahead due its' algorithms and other core features.  What NEM is lacking in is side features (an example being NxT's asset exchange) but those will come in time when independent developers or the official developers submit their content.

[makoto1337]

I made an earlier post about Ethereum some week or two ago, you are encouraged to read it.  Ethereum is a copyrighting coin but a larger version of Mastercoin.  They spend a lot of time spamming YouTube and articles which are only read by a few hundred.  Surprisingly they've recently had a video with 6000 views but that was over two months, a day old video of a kitten playing with yarn can get more views.

It's a ponzi scheme ran by wealthy investors and there is even a Goldman Sachs' connection.  Nobody wants to contribute to a get quick rich scheme benefiting a few people hence most stay away from that.  After all how is Vitalik flying around the world, staying in hotels and partying it up at conventions?  There's money coming from somewhere.

  With a $30 million IPO, I am not going to invest $1K or $10K as I would only get 0.00003% to 0.0003% of all Ether.  That translates to risking a huge amount of capital (for an average Joe at least) on a coin that may not go past $40 million.   The people who invested into Mastercoin / Maidsafe would had made more money buying Doge, NxT, Darkcoin, et cetera.

Honestly big IPOs or wealthy investors doesn't mean jack.  Crypto currencies don't have an issue in funding but an issue in educating consumers to use their coin over say Bitcoin or a money transfer like Paypal.  No amount of wealthy investors can change that, to be honest.  In Bitcoin and Doge's case - that was all offline viral P2P advertising (like telling your friends to use Bitcoin) or forum advertising.  I learned about crypto currencies from reading an internet forum and I don't think that person was being paid to promote BTC.

Good post dude, ponzi scheme may be a bit strong. Let Ethereum walk their path we will walk ours.

The fact that their logo is a double pyramid should tell you something...

[solix]

http://techcrunch.com/2014/07/12/money-at-our-fingertips/

Take special notice of the bits around mobile. Personally, I don't like the idea of having some sort of RFID thing that can be used for purchases or my fingerprint because conversely it can be used to track everything I do, but the average Joe is all too happy to trade freedom for convenience, and I have to keep reminding myself when I think of cryptos my views don't reflect the vast majority's views.

This is all food for thought when we consider where to place our efforts in this platform. I have been banging the mobile drum the whole time and will continue to do so. When you can "bump" your phone with your buddy to get him/her back for the beer they got you or whatever, people will use it like crazy. Look, even if you don't replace fiat, if folks can use it in leiu of fiat while out clubbing or whatever and deal with the back conversion at home it will be huge. Much easier than fussing with your bank or cash or whatever while you our out. How often do people have to track the IOUs while out with friends? Who doesn't have a mobile? Solve that problem with tools already in the toolkit and it will jump in value against fiat as its usefulness as a "wooden nickel" system becomes obvious. I think grass roots is much more likely to succeed in this particular aspect as opposed to some sort of "forced" centralized big bank approach (the discussion earlier about Amazon's p2p currency) because it feels lax which is perfect for a "social" currency.