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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2988552 times)
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nottrulyevil
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October 12, 2014, 01:19:41 PM
 #6321

But it may have a problem of a lawsuit by stakeholders who did not receive coins in the future when NEM value is incredibly high.




Who exactly would that lawsuit be directed at? The NEM community? NEM is not a company. And I guess it wouldn't be any problem to refund those people with what they originally paid to get a stake.

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rabbiter
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October 12, 2014, 01:49:14 PM
 #6322

When will we most likely get our coins?
Momimaus
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October 12, 2014, 02:29:10 PM
 #6323

How many stakes are already meant to be given to developers and marketing and can anybody tell me how that breakdown will look?   Roll Eyes

I heard devs will get 400 shares?  Is that right? 
And how many devs is that split between?

Originally there were 1,000 NEM shares set aside for non-stake holders.  Is this still true?

It would be nice to know the number breakdowns. 


It is always pretty quit if someone is asking this.

I think dev team has got 1000 stakes. Additionally maybe the unclaimed stakes.
That´s way to much centralisiation, especially for a so called movement.
The rich are getting richer, that´s the argument of devs if you suggest to give the stakeholders more coins, but 25% of all is not enough for development?
Centralisation = insane high risk



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patmast3r
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October 12, 2014, 02:32:28 PM
Last edit: October 12, 2014, 02:43:49 PM by patmast3r
 #6324

How many stakes are already meant to be given to developers and marketing and can anybody tell me how that breakdown will look?   Roll Eyes

I heard devs will get 400 shares?  Is that right?  
And how many devs is that split between?

Originally there were 1,000 NEM shares set aside for non-stake holders.  Is this still true?

It would be nice to know the number breakdowns.  


It is always pretty quit if someone is asking this.

I think dev team has got 1000 stakes. Additionally maybe the unclaimed stakes.
That´s way to much centralisiation, especially for a so called movement.
The rich are getting richer, that´s the argument of devs if you suggest to give the stakeholders more coins, but 25% of all is not enough for development?
Centralisation = insane high risk




They are not going into the hands of the devs. Being used for development and being given to the devs are 2 different things.
Anyway even that is not decided but rest assured that we as well want to avoid centralization.

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October 12, 2014, 02:39:37 PM
 #6325

We should do well to get this over with and continue our way toward the launch. I'm sure we'll be able to find a good enough option as with everything until now.
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October 12, 2014, 02:53:24 PM
Last edit: October 12, 2014, 03:19:54 PM by rabbiter
 #6326

Has anyone made an announcement on the Chinese, Indian, Russian, Reddit, etc threads about claiming stakes?


Logic would say that IF people knew they had a $1000 stake for just logging into a site they would so obviously they haven't become aware of it for whatever reason......or are dead.


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October 12, 2014, 03:38:17 PM
 #6327

Hi, i create a thread for speculation, If feel free to vote/comment.
https://forum.nemcoin.com/index.php?topic=2508.0 Smiley

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trisher
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October 12, 2014, 04:20:07 PM
 #6328

Regarding the unclaimed stskes, has anyone suggested a dutch auction with proof of burn? Or equal distribution of them to all holders of nem on a specific date and time.

These are the only two fair distributions imo.

Yes, those two options have been suggested but for various reasons been rejected. An equal distribution would create tons of problems (how to handle those who've sold on the NXT AE etc.) and the stake holders already have enough NEM (NEM need to be spread).

Burning the NEM is in my option still an acceptable solution but it has also been rejected.

Jyrvalor posted an imo great proposal (although not sure how, and if it should/can be implemented).

https://forum.nemcoin.com/index.php?topic=2501.msg6395#msg6395


Your idea with the developement token is simply awesome. Just read your full post on NEM forum and can only agree with you!
cryptofutureis
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October 12, 2014, 04:48:02 PM
 #6329

Hi all,

quick question: The possibility to claim NEM´s with an nemstake from the nxt-assetechxange ist not ready there? When will i be able to do that?

Thank you

Read this under phase 2.

https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
https://secretaddress.com not working for me.
Quote
Can't establish a connection to the server at secretaddress.com.

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patmast3r
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October 12, 2014, 05:02:33 PM
 #6330

Hi all,

quick question: The possibility to claim NEM´s with an nemstake from the nxt-assetechxange ist not ready there? When will i be able to do that?

Thank you

Read this under phase 2.

https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
https://secretaddress.com not working for me.
Quote
Can't establish a connection to the server at secretaddress.com.
the actual address is still a secret.. Hence secretaddress.com

The real address will be posted soon. Wink

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

cryptofutureis
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October 12, 2014, 05:08:21 PM
 #6331

Hi all,

quick question: The possibility to claim NEM´s with an nemstake from the nxt-assetechxange ist not ready there? When will i be able to do that?

Thank you

Read this under phase 2.

https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
https://secretaddress.com not working for me.
Quote
Can't establish a connection to the server at secretaddress.com.
the actual address is still a secret.. Hence secretaddress.com

The real address will be posted soon. Wink

This makes me glad that we replaced NXT-ADD-RES-STB-DET with "an address to be announced".
Tried https://chain.nem.ninja/stakes/ ended with "You have been banned. Too many failed attempts." after second captcha solving. I forgot to enable cookies in first attempt. More above certificate is self-signed, is that sha256 fingerprint correct:
Quote
EA:F3:63:A2:E8:01:AB:0B:47:CB:33:F7:BE:1B:06:A9:F4:BD:F2:A0:C4:6F:D4:61:B5:D7:A1:E0:D8:9F:F6:34

ForgingBlock focuses on providing integrated solutions and builds infrastructures for developing a community to facilitate the merchants adopting cryptocurrency payment. You can find their more information at the official website at ForgingBlock
patmast3r
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October 12, 2014, 05:09:59 PM
 #6332

Hi all,

quick question: The possibility to claim NEM´s with an nemstake from the nxt-assetechxange ist not ready there? When will i be able to do that?

Thank you

Read this under phase 2.

https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
https://secretaddress.com not working for me.
Quote
Can't establish a connection to the server at secretaddress.com.
the actual address is still a secret.. Hence secretaddress.com

The real address will be posted soon. Wink

This makes me glad that we replaced NXT-ADD-RES-STB-DET with "an address to be announced".
Tried https://chain.nem.ninja/stakes/ ended with "You have been banned. Too many failed attempts." after second captcha solving. I forgot to enable cookies in first attempt. More above certificate is self-signed, is that sha256 fingerprint correct:
Quote
EA:F3:63:A2:E8:01:AB:0B:47:CB:33:F7:BE:1B:06:A9:F4:BD:F2:A0:C4:6F:D4:61:B5:D7:A1:E0:D8:9F:F6:34

The someone else (or you Tongue) with the same has tried 8 more times with the same IP. Are you using VPN, TOR or a proxy ?

cryptofutureis
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October 12, 2014, 05:17:20 PM
 #6333

Hi all,

quick question: The possibility to claim NEM´s with an nemstake from the nxt-assetechxange ist not ready there? When will i be able to do that?

Thank you

Read this under phase 2.

https://medium.com/@xtester/nem-redemption-process-f90db6b10eef
https://secretaddress.com not working for me.
Quote
Can't establish a connection to the server at secretaddress.com.
the actual address is still a secret.. Hence secretaddress.com

The real address will be posted soon. Wink

This makes me glad that we replaced NXT-ADD-RES-STB-DET with "an address to be announced".
Tried https://chain.nem.ninja/stakes/ ended with "You have been banned. Too many failed attempts." after second captcha solving. I forgot to enable cookies in first attempt. More above certificate is self-signed, is that sha256 fingerprint correct:
Quote
EA:F3:63:A2:E8:01:AB:0B:47:CB:33:F7:BE:1B:06:A9:F4:BD:F2:A0:C4:6F:D4:61:B5:D7:A1:E0:D8:9F:F6:34

The someone else (or you Tongue) with the same has tried 8 more times with the same IP. Are you using VPN, TOR or a proxy ?
Over tor, will try my private vpn then.

ForgingBlock focuses on providing integrated solutions and builds infrastructures for developing a community to facilitate the merchants adopting cryptocurrency payment. You can find their more information at the official website at ForgingBlock
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October 12, 2014, 05:26:34 PM
 #6334

Distribute to all OG stakeholders. We were all here through thick and thin. or just destroy it.
JUST BURN IT.
cryptofutureis
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October 12, 2014, 05:33:43 PM
 #6335

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.

ForgingBlock focuses on providing integrated solutions and builds infrastructures for developing a community to facilitate the merchants adopting cryptocurrency payment. You can find their more information at the official website at ForgingBlock
mrkavasaki
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October 12, 2014, 05:37:05 PM
 #6336

can we expect the  official NEM launch before december?
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October 12, 2014, 05:41:45 PM
 #6337

Any news on Beta launch? Smiley
solix
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October 12, 2014, 05:58:25 PM
Last edit: October 12, 2014, 06:26:04 PM by solix
 #6338

@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
 #6339

Are we going to vote on the unclaimed stakes?



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nottrulyevil
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October 12, 2014, 07:28:27 PM
 #6340

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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