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

[wiser]

Assuming BTC itself remains static - my guesstimate range would be $800 to $5000 per million within a month of launch.

 I will be holding for 5+ years.  

 I think digital currencies will be worth $Trillions someday and something like NEM could be a front runner or one of the runner ups (so anywhere from $10-$500 per unit of NEM might be possible).

That would be quite a return!

[arteleis]

Hey guys  haven't been on thread now in a while.  I need to register my nemstake?

[wiser]

Hey guys  haven't been on thread now in a while.  I need to register my nemstake?

Follow the directions here: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

[arteleis]

Hey guys  haven't been on thread now in a while.  I need to register my nemstake?

Follow the directions here: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

Thanks.  I'm nxt a asset holder.  So guess I'm waiting for the nxt addy to send to and instructions on obtaining my nem address.  I'll keep a close eye. (-;

[wiser]

Hey guys  haven't been on thread now in a while.  I need to register my nemstake?

Follow the directions here: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

Thanks.  I'm nxt a asset holder.  So guess I'm waiting for the nxt addy to send to and instructions on obtaining my nem address.  I'll keep a close eye. (-;

Me too. I have an open tab for this thread and I check it way more often than I used to

[rabbiter]

I think we should give time for people to claim at least a few months not just one.



But I want to play devils advocate and give another opinion.

What if many of these unclaimed stakes are from sockpuppets who now can't work out how to get past the claiming page that shows you successfully registered. Is this case we should be happy they can't claim.


Why not do a massive advertising blitz, I mean like a full page advert in the New Yprk Times big etc? Some hot air ballon dropping stakes out etc, My point is something big and extravagant.


Or just have a MASSIVE marketing fund that really does a great job of selling and communicating NEM to the masses that don't know about cryptocurrencies. That's the whole point of NEM after all right? This would at first limit the supply, increasing the value so that fund would be able to do a lot and stakeholders would feel happy their stake is rarer than before, everyone wins. Split the marketing fund into 5 pieces so no one person holds the funds.

[starfishi]

I think, the owner is the owner, is the owner, is the owner, and he stays the owner, until he decides to let it go.
Until then, guess what, he´s the owner . . .  

I strongly disagree. If you're not interested enough to look over bitcointalk or nem forums once in a month (even longer as the time for when the claiming process was going to start was announced even earlier) you most likely wont be committed to helping NEMs sake either. For NEM to become a successful currency and for it to have a thriving ecosystem say 30 % of all coins can't be with or be waiting for stake holders so uninterested and unengaged that they don't care to look for updates at least once a month.

I mean say that everyone could come and claim their stake at any point of time. And by the time someone claims their stake NEM is huge. It would, in the very least, be devastating for the stability of the price if someone came and dumped 1/4000 of the total marketcap once in a while.

My vote goes for investing at least the majority of all unclaimed stakes to improve the NEM ecossytem in a responsible way (marketing, development, nem companies etc, although most of this investment should preferable not go to the core NEM team to prevent centralization and to minimize the risk). My second option would be to burn all the left over NEM, even if this is far from an optimal solution it's still miles better than to have NEM laying around waiting for unengaged stake holders to pick it up and dump it.

Don't worry about the dumpers. We actually need more of these guys nowadays, so we would be able to buy cheap NEMs

Say that NEMs marketcap would look like BTCs does now. If someone were to dump 1/4000 of all BTC in one go it would have a major impact on the prize and would make it very unstable (something that is bad for a  currency).

That would happen once or twice up until the trading waves stabilizes when the dumped NEMs fall into the hands of whom appreciate the movement.

I don´t know how many times that will happen then, but thats what a free market does. There will always be whales who don´t really appreciate the movement. But if NEM is any good, then it will clear itself of them and recover from crashes and always will swing back to the truth, sooner or later. Just hodl on 

By saying these and these people are not worthy, then actually that is manipulating the market right from the beginning and will lead to much bigger crashes . .

In the end, NEM will end up in the hands of appreciative people anyway, but it should go there by itself.

But ok, like i said, lets just settle for a compromise: more time !

[CryptoCurrencyInc.com]

I just bought some NEMstake from NXT asset exchange, what do I do now?

[rigel]

I just bought some NEMstake from NXT asset exchange, what do I do now?

Well done!

Now just wait: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

[starfishi]

I just bought some NEMstake from NXT asset exchange, what do I do now?

Just wait until you get a NXT-address to redeem to, here.
You´ll have to create a NEM address (they will tell you how to, but just install the beta-wallet, when its up), and send them the stakes and the NEM-address in the accompanying message, together, to recieve your NEMs in your NEM-wallet. Done . . right, mods ?

[Coinshot]

When does trading on Asset Exchange close? I am trying to get some more, and buying NXT on the dips.

[patmast3r]

I put it through word count and there's only 818 stakeholders who registered, plus the other 700-something who had claimed tokens.

So we are looking at only 1600 stake-tokens so far but there's still 2/3rd of a month left.  Might end up with 600-800 unclaimed stakes.  NODE had 200-something who couldn't complete the steps to claim their accounts and they had a distribution around 1000.


Unlike NODE, a PM was sent for NEM which notifies them both on BTT and on the registered email they had used to register for BTT.

Either you are doing something wrong or the site is. We're currently at 502 registered.

/edit: Something seems to be off with the site....I'll look into it.

/edit2: You and the portal were right. My manual query seems to have been off

[patmast3r]

Alright, regarding the discussion about how long to claim and blablabla.
We've talked about this multiple times so I won't even go into reasoning but let me say this.

Anyone who thinks that the people that don't claim within a month care about NEM or deserve their stake - you are wrong imho.
The sure as fuck don't care as they would at least check every other week to see what's new. They don't deserve their stake either. That's what happens when you invest in something and then don't give a shit afterwards. People from the stakeholderlist ask me what NEM even is. They'll get their stake since they at least asked but don't be delusional and think that everyone on the stakeholderlist is really supporting NEM.
I'd much rather use those stakes for further distribution or any other good cause then give it into the hands of people that don't give a fuck and are in it for the profit.

I'd also appreciate any links to other coins that are not PoW that waited indefinitely ? Has anyone done that ?

Why make everything more complicated for people that are most likely of no use whatsoever to the movement.

It's also very easy for you to talk if you're not at all involved in organizing this freakshow.

[starfishi]

I officially defer my "vote" in regard to the unclaimed stakes to the devs.

$$$ figures start getting thrown around and all of a sudden the thread explodes...   

smaragda, i tried to understand your post, but i get only to "explodes" 

well, english is not my first language . .

[starfishi]

I officially defer my "vote" in regard to the unclaimed stakes to the devs.

$$$ figures start getting thrown around and all of a sudden the thread explodes...   

smaragda, i tried to understand your post, but i get only to "explodes" 

well, english is not my first language . .

As long as you're smiling...  everything is good!   

From left to right 

[rockethead]

I note that there are only a handful of posters here suggesting that NEM should be held indefinitely and they are mostly NEWBIES. They seem to surface only now.

A vast majority who commented otherwise appear to be the more regular ones who care about NEM.

There are 837 registered to date. Hence we should expect about 600-800 unclaimed as what Taunsew said earlier.

I would like to make this comment. In any decision, you cannot please them all, for if you try to, some will not be pleased. If you don't know what it means, it is basically applying the 80:20 rule. Most will be pleased some will not. We will have to do that, comes the crunch.

I think we are clear what direction we should head to. It is now a matter of how to treat them so that it does not benefit those who already benefited from it unless they contribute more than what they have already been allocated for.

The investment fund suggested by Makoto seems to be the best option forward. We need to establish a proper Terms of Reference as well as proper governance in the management of these funds.

There is also insufficient marketing funds being allocated. Perhaps some should also be allocated for that. These should be used for NEM for a duration of 18 months after the launch of V1.

There is also a need to address long term support of NEM. As I said although we want to support decentralization, it is an ideal situation. There needs to be some sort of centralization one day for NEM to remain relevant.  This must be well discussed and decided after V1.

I wouldn't worry too much about those handful who are saying that the funds need to be kept indefinitely. Like I have mentioned elsewhere, it is easier to say it. But show me how to do it. We don't need people who'd only suggest problems to a problem. Because that itself is a problem. What we need is a solution to a problem.

[starfishi]

make a present to all original stake holders who kept their stake for 10 months - send them a silver coin for being loyal  

Yeah, you wish, dreamer . .  

[koanado]

All successfuly registered people: https://chain.nem.ninja/stakes/registered
Hope this helps.

Thanks patmast3r, that helps 

[sdersdf3]

I see anything that reduces the distribution and concentrates ownership more than what was originally planned -- or gives any perception that rules have changed arbitrarily (real or not) -- potentially hurts the coin by increasing market fears of dumping/malfeasance. The altcoinmarkets are sickly, skittish and risk-averse as it is these days and NEM has been an island of stability in the storm. We need to keep it that way.

We should consider that not everyone lives on bitcointalk.org and we should give all of those who paid for their stakes as much time as practical to claim what they paid for.

I think anything else risks badly tainting the launch, and I wonder whether the market movements of the past couple days have been hinting at concern about this. Many of us have waited way too long to have the launch tainted and the market price disrupted by controversy.

How long do those who haven't yet claimed their stakes have to register, and is anything else besides the bitcointalk PM messaging being tried to reach them?

[cryptohunter]

I see anything that reduces the distribution and concentrates ownership more than what was originally planned potentially hurts the coin by increasing market fears of dumping/malfeasance. The altcoinmarkets are sickly, skittish and risk-averse as it is, these days and NEM has been an island of stability in the storm. We need to keep it that way.

We should consider that not everyone lives on bitcointalk.org and we should give all of those who paid for their stakes as much time as practical to claim what they paid for.

I think anything else risks badly tainting the launch, and I wonder whether the market movements of the past couple days have been hinting at concern about this. Many of us have waited way too long to have the launch tainted and disrupted by controversy.

How long do those who haven't yet claimed their stakes have to register, and is anything else besides the bitcointalk PM messaging being tried to reach them?

+1

a month is not all that much. Support or not if they are on the list those shares belong to them. 3- 6 months is more reasonable.  If they return and dump staight away who cares more for the rest of us at a low rate.