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

[jelin1984]

Ok so I wait until when?

When I will make my nem adress??

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[dandruff1138]

Proposal for unclaimed stakes ( based of equal distribution more or less) if there
will be big number of those.

- 50% for those who have claimed
- 20% for devs and real helpers
- 20% for to keep motor running
- 10 % for charity

We are currently discussing this very topic on the NEM forums. (https://forum.nemcoin.com/index.php?topic=2501.0)

I'll go on the record and say it is in my opinion unethical to use someone else stake just because they aren;t here, especially after so many delays. It should be held for the stake holder.

[amytheplanarshift]

Proposal for unclaimed stakes ( based of equal distribution more or less) if there
will be big number of those.

- 50% for those who have claimed
- 20% for devs and real helpers
- 20% for to keep motor running
- 10 % for charity

We are currently discussing this very topic on the NEM forums. (https://forum.nemcoin.com/index.php?topic=2501.0)

I'll go on the record and say it is in my opinion unethical to use someone else stake just because they aren;t here, especially after so many delays. It should be held for the stake holder.

We have been over this issue multiple, multiple times and have made it clear that if you do not claim your stake within the designated redemption period you will lose it. There are many reasons why the NEM team cannot just hold on to stakes for stakeholders indefinitely. It really pains me that there will be people losing their stake this way as well, but it's an unfortunate reality.

[jabo38]

Proposal for unclaimed stakes ( based of equal distribution more or less) if there
will be big number of those.

- 50% for those who have claimed
- 20% for devs and real helpers
- 20% for to keep motor running
- 10 % for charity

We are currently discussing this very topic on the NEM forums. (https://forum.nemcoin.com/index.php?topic=2501.0)

I'll go on the record and say it is in my opinion unethical to use someone else stake just because they aren;t here, especially after so many delays. It should be held for the stake holder.

We have been over this issue multiple, multiple times and have made it clear that if you do not claim your stake within the designated redemption period you will lose it. There are many reasons why the NEM team cannot just hold on to stakes for stakeholders indefinitely. It really pains me that there will be people losing their stake this way as well, but it's an unfortunate reality.

Holding stakes is troublesome. People in crypto are regularly getting hacked. Emunie has had their money stolen, Node's dev got hacked twice (once from a NEM phishing scam), and so on. Even somebody got into Satoshi's old email and then many of his other accounts. Holding coins for other people in a situation like that is just asking for a scandal to happen.

[Coinshot]

How many stakeholders have registered so far?   

377

Thats very low. Combined with Assets claimed, it makes for around only 1.1k claimed so far.

I think there should be a 3 way split - one part for development, one for marketing, airdrops and the last as bonus for all

[freigeist]

NEMstake (NEM) Currency Exchange Rate Conversion Calculator
http://coinmill.com/NEM_calculator.html
nice !

Fantastic! Do you know who is behind this?

Hello.
Yes I know, is written in the bottom (footer) of the page
 

[nutildah]

How many stakeholders have registered so far?   

377

Thats very low. Combined with Assets claimed, it makes for around only 1.1k claimed so far.

I think there should be a 3 way split - one part for development, one for marketing, airdrops and the last as bonus for all

Frankly I think all unclaimed tokens should be removed from circulation. Less NEM = more valuable NEM.

[makoto1337]

How many stakeholders have registered so far?   

377

Thats very low. Combined with Assets claimed, it makes for around only 1.1k claimed so far.

I think there should be a 3 way split - one part for development, one for marketing, airdrops and the last as bonus for all

Frankly I think all unclaimed tokens should be removed from circulation. Less NEM = more valuable NEM.

If you have seeds to plant a field, do you destroy a fifth of them to make the others more valuable? Or would you gain more by planting and harvesting?

[TaunSew]

It may had been on the official NEM forum but there were people talking about using these excess NEM as a pseudo-PoW give away to each NODE and harvester.
 
There's downsides to that concept of course.  My opinion is that mining is really just a private IPO where the person with the capital in form of multiple computers and the technical know how wins.  I was actually talking with somebody who has a problem roommate with 12 computers (probably a crypto currency miner but who knows but the issue was the skyrocketing electrical bill) and that's the sort of person who would get most of that NEM.


I'm not against a give away but I'm against giving $1000 to people who'ld probably end up dumping it or people who we can't ascertain their identity.  The issue with the Facebook give away (e.g. Stellar) is abuse by blackhat professionals with fake accounts or people in developing countries being taken advantage of (e.g., Stellar).

[TaunSew]

Promotion.  I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".

These people would make these videos to get 500K.   Maybe the most popular respondent will get 2 million NEM?  As an incentive to make a video and to get views.

Or there could also be video contests too.

[makoto1337]

It may had been on the official NEM forum but there were people talking about using these excess NEM as a pseudo-PoW give away to each NODE and harvester.
 
There's downsides to that concept of course.  My opinion is that mining is really just a private IPO where the person with the capital in form of multiple computers and the technical know how wins.  I was actually talking with somebody who has a problem roommate with 12 computers (probably a crypto currency miner but who knows but the issue was the skyrocketing electrical bill) and that's the sort of person who would get most of that NEM.


I'm not against a give away but I'm against giving $1000 to people who'ld probably end up dumping it or people who we can't ascertain their identity.  The issue with the Facebook give away (e.g. Stellar) is abuse by blackhat professionals with fake accounts or people in developing countries being taken advantage of (e.g., Stellar).

Also, giving away NEM to people with no "skin in the game" will not create interest for them. I got like 6000 stellars for free, but can't even remember what my password was. I haven't bothered to login to my stellar acct since right after their launch. I would guess that a large majority of stellar "users" are like that.

[nutildah]

If you have seeds to plant a field, do you destroy a fifth of them to make the others more valuable?

If you're receiving farming subsidies, then you do destroy them or the government won't send you your subsidy check.

But I just said that to be a contradictorian. I actually like your metaphor.

[amytheplanarshift]

It may had been on the official NEM forum but there were people talking about using these excess NEM as a pseudo-PoW give away to each NODE and harvester.
 
There's downsides to that concept of course.  My opinion is that mining is really just a private IPO where the person with the capital in form of multiple computers and the technical know how wins.  I was actually talking with somebody who has a problem roommate with 12 computers (probably a crypto currency miner but who knows but the issue was the skyrocketing electrical bill) and that's the sort of person who would get most of that NEM.


I'm not against a give away but I'm against giving $1000 to people who'ld probably end up dumping it or people who we can't ascertain their identity.  The issue with the Facebook give away (e.g. Stellar) is abuse by blackhat professionals with fake accounts or people in developing countries being taken advantage of (e.g., Stellar).

Also, giving away NEM to people with no "skin in the game" will not create interest for them. I got like 6000 stellars for free, but can't even remember what my password was. I haven't bothered to login to my stellar acct since right after their launch. I would guess that a large majority of stellar "users" are like that.

Me as well. I got some free Stellar and have not touched it since because I have no clue what it's even for.

[Djinou94]

Proposal for unclaimed stakes ( based of equal distribution more or less) if there
will be big number of those.

- 50% for those who have claimed
- 20% for devs and real helpers
- 20% for to keep motor running
- 10 % for charity

We are currently discussing this very topic on the NEM forums. (https://forum.nemcoin.com/index.php?topic=2501.0)

I'll go on the record and say it is in my opinion unethical to use someone else stake just because they aren;t here, especially after so many delays. It should be held for the stake holder.

We have been over this issue multiple, multiple times and have made it clear that if you do not claim your stake within the designated redemption period you will lose it. There are many reasons why the NEM team cannot just hold on to stakes for stakeholders indefinitely. It really pains me that there will be people losing their stake this way as well, but it's an unfortunate reality.

Holding stakes is troublesome. People in crypto are regularly getting hacked. Emunie has had their money stolen, Node's dev got hacked twice (once from a NEM phishing scam), and so on. Even somebody got into Satoshi's old email and then many of his other accounts. Holding coins for other people in a situation like that is just asking for a scandal to happen.

Why not 50% of the unclaimed stakes on a dutch auction like Jinn
20% for devs and helpers
20% for those who have claimed
10% for keep motor running
And fuck the charity its bullshit 

[TaunSew]

What was the results of Stellar?  Their available capitalization is only $3 million something.

It's actually pathetic when we consider they had these private investment funds invest up to $3 million (artificial buy support)  It actually cements my belief that nobody is interested in a centralized crypto currency or a ponzi scheme ran by wealthy investment funds.

It's great that  you two were able to get a free give away but for each person like you there was some blackhat hacker with hundreds of fake Facebooks or some guy manipulating poor people in India to give up their Stellar.

 I saw a Stellar rich list only weeks after it started and there were a lot of people with tens of millions and/or millions of Stellar (when the give away initially was only like 10,000 and quickly dropped down.  How does someone get the equivalent of a 1000 give aways so soon and easily?)

That's why you can't do Facebook or Twitter give aways because there's all these Blackhat professionals these days who would game it.

[Eadeqa]

Promotion.  I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".

These people would make these videos to get 500K.   Maybe the most popular respondent will get 2 million NEM?  As an incentive to make a video and to get views.

Giving away millions or maybe 1 billion nem would mean Nem would be pretty worthless, just like most other recently launched coins. These people will dump them fast. The recent history has shown that more free "giveaways"  the more worthless the coin. All top coins (including bitcoin) are actually controlled by very few people


I am already feeling bad for people who bought nem by spending real money on nxt asset exchange, as we are about to be flooded by giveaways that will lower down the prices significantly.  

I would rather see unclaimed coins destroyed.

[TaunSew]

Promotion.  I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".

These people would make these videos to get 500K.   Maybe the most popular respondent will get 2 million NEM?  As an incentive to make a video and to get views.

Giving away millions or maybe 1 billion nem would mean Nem would be pretty worthless, just like most other recently launched coins. These people will dump them fast. The recent history has shown that more free "giveaways"  the more worthless the coin. All top coins (including bitcoin) are actually controlled by very few people


I am already feeling bad for people who bought nem by spending real money on nxt asset exchange, as we are about to be flooded by giveaways that will lower the prices significantly  down.  

You mean worthless like NxT where, as soon as there is any price building or recovery, the whales start dumping?  

NxT was pretty much one big give away to 8 wallets who obviously don't care about NxT's longevity as indicated by all the dumping they do.


I would rather see someone get $500 and do something for it unlike the typical NxT whale who did virtually zilch and received $millions overnight.  Of course someone like you would shoot down my idea like someone creating a video saying why they want to be a part of NEM.

[makoto1337]

Promotion.  I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".

These people would make these videos to get 500K.   Maybe the most popular respondent will get 2 million NEM?  As an incentive to make a video and to get views.

Giving away millions or maybe 1 billion nem would mean Nem would be pretty worthless, just like most other recently launched coins. These people will dump them fast. The recent history has shown that more free "giveaways"  the more worthless the coin. All top coins (including bitcoin) are actually controlled by very few people


I am already feeling bad for people who bought nem by spending real money on nxt asset exchange, as we are about to be flooded by giveaways that will lower down the prices significantly.  

I would rather see unclaimed coins destroyed.

UP was smart enough to require some base price for NEM after the initial free giveaways. That made most people have at least some "skin in the game." Had everything been free, NEMstake would probably be 5000 NXT.

[Eadeqa]

You mean worthless like NxT where, as soon as there is any price building or recovery, the whales start dumping?  

Nxt made a lot of people rich, not only the original stakeholder, but everyone else who bought between Nov and December.

If you want to see what's worthless, look at Node, NFD, Crypti, Qora, Nas, and dozens of of other coins.

The question is would Nem would be like Nxt or like Nas, Node and NFD? I suspect the worst, specially with "giveaway" talks in the air.

Nxt was a miracle -- and doesn't look it will be repeated again.

[makoto1337]

Promotion.  I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".

These people would make these videos to get 500K.   Maybe the most popular respondent will get 2 million NEM?  As an incentive to make a video and to get views.

Giving away millions or maybe 1 billion nem would mean Nem would be pretty worthless, just like most other recently launched coins. These people will dump them fast. The recent history has shown that more free "giveaways"  the more worthless the coin. All top coins (including bitcoin) are actually controlled by very few people


I am already feeling bad for people who bought nem by spending real money on nxt asset exchange, as we are about to be flooded by giveaways that will lower the prices significantly  down.  

You mean worthless like NxT where, as soon as there is any price building or recovery, the whales start dumping?  

NxT was pretty much one big give away to 8 wallets who obviously don't care about NxT's longevity as indicated by all the dumping they do.


I would rather see someone get $500 and do something for it unlike the typical NxT whale who did virtually zilch and received $millions overnight.  Of course someone like you would shoot down my idea like someone creating a video saying why they want to be a part of NEM.

One option could be to sell 1 unclaimed stake a day on the exchange with the highest volume at market price. That could pay to keep NEM dev funded for a while into the future, without flooding the market.