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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2984386 times)
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solix
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October 12, 2014, 05:58:25 PM
Last edit: October 12, 2014, 06:26:04 PM by solix
 #6341

@void

If you knew there was a 1000 dollars sitting waiting for you would you not invest 5 dollars to set up a vpn to get past the fire wall or pay an it guy to do it for you or find a way somehow?
Apologies @ Kodtycoon if i new you were on the A list of Marketers-volunteers i would not have accused you of sounding like a banker.

Does any one have the link to when the original discussion regarding unclaimed stakes took place.
There is a considerable amount of info to sift through before i conclude to invest more or not.

The one thing the niggles me is the staggering amount of unclaimed stakes. I tend to think these belong to Chinese accounts. It was decided by the owners of nem that i month was it so i suppose thats it then.

A major irritant is what happens to those stakes now that we know the scale of the problem.
Is this open for discussion or has it been decided behind closed doors.
What i am trying to say is. The owners already have a reasonable amount of stakes for there work and on going work. They also have the sockpuppet stakes and all these unclaimed stakes coming.

Imagine offering a new shito coin to a community and saying " there maybe a pre mine of around
30/40/50 % or so but dont fret it will all be used to make shito coin fantastic" Dont think there would be a long line of eager investors.

This sounds more appealing

Completely Fair Distribution - Equal Shares for ALL
No arbitrary distribution. Decentralized. The most egalitarian coin. Show your love to NEM.

There is no blame for this situation and Nemsters should be proud of the success achieved to date.
But it may appear to some that the lions share of wealth seems to be centralized.

In a perfect world we could have a perfectly distributed coin with no unclaimed stakes. It's not a perfect world, though, unfortunately. So, the best thing we can do is try to turn a negative situation (having unclaimed stakes in the first place) into a positive one (using those funds to help further the development of the coin).

I don't think anyone here can say with a clear conscience that they are glad there are unclaimed stakes. I know I hope that everyone who invested in the beginning gets their stake safely in their NEM wallet when the time comes. Unfortunately, the crypto world changes at a rapid pace. Many people likely invested (since it was such a small, small amount so many months ago) and then completely forgot about NEM or maybe even gave up on crypto entirely. But remember, that was more than a simple investment. By choosing to reserve a stake in NEM, you became a part of this community. The goal of NEM is to have a community of people who actually believe in the ideas of what NEM represents. I don't think we are looking for people who just want to pump and dump to convert their NEM back into a few more BTC or, worse, fiat.

This is just my opinion but I feel like if you are not willing to be a part of the community, even after we are doing everything we can here (as volunteers nonetheless) to make it easy for everyone to claim their stake, then you forfeit your advantage of being an early adopter. Yes, we want to be accommodating to everyone who has an interest in NEM, but when there are thousands of people involved (and soon to be many more than that after launch), it is an impossibility to try and please every single person.

In these early days of NEM, we have an obligation as early adopters and believers in this movement to try and make it successful for the sake of everyone who is an early adopter who IS actively participating. If we bring in unnecessary risk to the system in the way of holding stakes for people for an unlimited amount of time, that is not fair to any of us and could itself undermine NEM completely.

Imagine, if you will, a situation in which NEM is worth $10/NEM. Suddenly a NEMstake is worth $10 million. By the time this happens, most of the initial stakeholders will have sold at least some of their coins off, and distribution will be much wider across hundreds of thousands if not millions more NEM users. By this time, there will be very few (if any) people holding 1 million+ NEM. Now suddenly you have people realizing they had a NEMstake, and we've been holding the unclaimed stakes indefinitely. Now you have people who have essentially artificially entered the market (because due to their lack of participation henceforth, they were not actually market participants and were not subject to the market pressures that caused everyone else to sell off or use their coins in order to distribute them to a wider user base).

So now you have people who never cared about NEM in the first place with more NEM than anyone else. They will either dump the coins immediately and take their multi-million dollar lottery winnings or, even if not they will have artificially high and unfair harvesting power due to their disproportionately high amount of NEM.

I just don't think it is fair to those of us who ARE actively participating and who will be building/securing the network from the beginning, to suddenly have to bend to the whims of stakeholders who come back to the party years later when they contributed nothing in the first place. To me, this goes directly against the principles of NEM in the first place.

Anyway, that's just my opinion. Would love to hear others' thoughts about this as well.

I positively agree. Furthermore, the call was for stake holders not investors. If you are a stake holder, it means you have active participation with vested interest. If you aren't around for what's going on it means you aren't contributing and your position as a stake holder has been neglected. Reciprocity is the key to every relationship. As TaunSew points out, if you have something worth 1,000 + USD, and are aware of this fact (key point, implies participation), I suspect you'll bother to deal with Tor or VPN.

Edit: Actually, I think so long as you give a provision for "returning" the initial "membership" purchase, there isn't a lot to stand on in terms of logical arguments that would create a backlash. You purchased a place holder. You did not stay involved, and you did not comply with the "terms of service", that are subject to change at any time. By not adhering to the TOS you will get your initial membership price back, and that is that. Hard to be upset about having a net gain/loss of 0. Opportunity cost is on the purchaser's shoulders at that point. We don't deal in "what ifs".

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October 12, 2014, 06:46:46 PM
 #6342

Are we going to vote on the unclaimed stakes?



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October 12, 2014, 07:28:27 PM
 #6343

Are we going to vote on the unclaimed stakes?



Not really much to vote on from what I've understood. Lots of people saying they don't want this or that but few people come with viable suggestions. I guess a big part of the final decision is on the core team as it's them that has to handle/program the solutions.

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October 12, 2014, 07:43:35 PM
 #6344

Are we going to vote on the unclaimed stakes?



It was decided like 10 pages back.  This subsequent discussion is rather pointless.  Not everything can be a direct democracy.  Besides the logo vote, everything else has been input consensus (arguably representative democracy as when you are inactive you defer judgement to more active contributors)

You have the choice to get a refund or sell if you don't like something.  That's actually rare as the developers often make everybody happy

What was decided on?




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October 12, 2014, 08:42:05 PM
Last edit: October 12, 2014, 08:55:12 PM by lyka
 #6345

good discussion ...
as together discredit start
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October 12, 2014, 08:44:41 PM
 #6346


This makes me glad that we replaced NXT-ADD-RES-STB-DET with "an address to be announced".

Nxt address to b det might get spammed now.  Pat!

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October 12, 2014, 08:48:16 PM
 #6347

Hey Pat,
what about a second round of PMs excluding people who already registered?
Just a message to urge stakeholders to take action without issuing the token again.

I really hope we can minimize unclaimed stakes whatever we are doing with them.
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October 12, 2014, 08:56:11 PM
 #6348

Hi NEM friends. 

As a few of you already know KkotNEM (our favorite NEM cheerleader) has made a song about P-O-I.  Please listen to her video.  If you really like, you can get a copy as a ringtone too.  Smiley

http://youtu.be/u6EaJ7kvBHg

I like your POI song, short and sweet. Good job! Smiley
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October 13, 2014, 01:20:57 AM
 #6349

Finally registered my token.  Wink I hope to receive personal e-mail after NEM official launch. And I highly appreciate fact that your made client open-source.

This was huge. I don't know of any other crypto that is so eager to release code, especially pre-genesis!

Dark coin after months just released its main code and within just hours an exploit was found. Lessons on why open source is needed.

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October 13, 2014, 01:22:27 AM
 #6350

Hi NEM friends.  

As a few of you already know KkotNEM (our favorite NEM cheerleader) has made a song about P-O-I.  Please listen to her video.  If you really like, you can get a copy as a ringtone too.  Smiley

http://youtu.be/u6EaJ7kvBHg

I like your POI song, short and sweet. Good job! Smiley

Thanks TinaDrake! Really KktoNEM made it, I just posted because she's not into forums. I'll tell her you liked it.

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October 13, 2014, 03:07:28 AM
 #6351

This is cool, like something Q from James Bond would build.
http://www.techspot.com/news/58248-these-self-destructing-ssds-will-physically-destroy-the-nand-flash-on-your-command.html
http://securedrives.co.uk

In this application, letting out the magic smoke out is a good thing.
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October 13, 2014, 06:20:06 AM
 #6352

Please keep it nice and clean. If she reads stuff like that she won't be excited to help.

Nor will many other women whom we desperately need in NEM

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October 13, 2014, 06:26:09 AM
 #6353

Please keep it nice and clean. If she reads stuff like that she won't be excited to help.

Nor will many other women whom we desperately need in NEM

I'm hoping xtester will delete those posts.

                
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October 13, 2014, 06:28:54 AM
 #6354

Please keep it nice and clean. If she reads stuff like that she won't be excited to help.

Nor will many other women whom we desperately need in NEM

I'm hoping xtester will delete those posts.


This thread is damaging NEM. Let's let the developers make the decision about unclaimed stakes and let's stop this dumb ass conversation about it....and yeah delete stupid posts.
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October 13, 2014, 06:38:00 AM
 #6355

I have a feeling we're going to break the 1k registered today.

*fingerscrossed*


If that rate would continue there wouldn't be any unclaimed Wink

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October 13, 2014, 06:48:47 AM
 #6356

Please keep it nice and clean. If she reads stuff like that she won't be excited to help.

Nor will many other women whom we desperately need in NEM

Oh, come on, they want it too, you know . . ?

But, ok, i apologize !


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October 13, 2014, 07:13:20 AM
 #6357

I have a feeling we're going to break the 1k registered today.

*fingerscrossed*


If that rate would continue there wouldn't be any unclaimed Wink



The redemption process started on the 4-5th October and will last a month but the OP says the real coins could be released as early as late THIS month. Surely that's therefore wrong and misleading.
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October 13, 2014, 07:25:01 AM
 #6358

Let's keep it civilized here.(especially starfishi)
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October 13, 2014, 07:32:21 AM
 #6359

Let's keep it civilized here.(especially starfishi)

Yep, no pompem. Smiley


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October 13, 2014, 08:34:37 AM
 #6360

why the price had this huge drop in the last few days? Sad
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