KimNg
Member
Activity: 173
Merit: 10
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October 15, 2014, 12:32:04 AM |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
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.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture The number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. |
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jabo38
Legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
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October 15, 2014, 01:33:38 AM |
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Block 100,000 in the Alpha is upon us.  |
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TaunSew
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October 15, 2014, 03:11:40 AM |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
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.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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kenbytes
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October 15, 2014, 03:24:43 AM |
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My NEM had been stolen
f**K!!!
where had you it kept? linked to btt or on AE? BTT Fud ,unlucky  My coin has been stolen, 19999.9ROOT
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makoto1337
Legendary
Activity: 1610
Merit: 1000
I am not Dorian Nakamoto.
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October 15, 2014, 04:02:15 AM |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
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.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. Creating 8 billion NEM might be good, too. 8 is a good number and everyone's stake could just be doubled. |
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jabo38
Legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
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October 15, 2014, 04:03:30 AM |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
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.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. That's an easy way to figure out what to do with 112 unclaimed stakes. |
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makoto1337
Legendary
Activity: 1610
Merit: 1000
I am not Dorian Nakamoto.
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October 15, 2014, 04:55:15 AM |
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The NEM lift goes to da moon |
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xtester
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October 15, 2014, 05:12:51 AM |
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Bumping this for visibility. |
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TaunSew
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October 15, 2014, 05:40:01 AM
Last edit: October 15, 2014, 05:57:13 AM by TaunSew |
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Bumping this for visibility. Seems like what you wrote on the NEM forum is rather close to what I would write. This would be giving an incentive for unethical people to lie and claim stakes from forgotten accounts. If you lost both your bitcointalk account and your bitcoin / nxt wallet (which you used back in Jan - March to register) then we can't ascertain your identity and thus under no circumstances should you be given a stake. This goes for the forgotten accounts but the irony about this is, compared to NXT IPO, NEM CfP was technically more expensive. This is something people should remember if any Fudder said NEM CfP was free (it wasn't - the CfP as a percentage of the overall coin was more expensive than most new coins on Bitcointalk). $150 got you 50 million or 0.05% / 5% in NXT. Some NEM stakeholders paid up to $50 for their 1 million or 0.00025%. There's people who've paid above $1000 on the asset exchange and might even forget to claim. It's rather bizarre how little some people value their money. Re: Paragraph 1. Granted there might be a genuine case or two inconvenienced by this but remember we are talking about a scale of 3000, so it's immaterial triviality. Scale of 3000 means just about any story is possible. We probably already have a dead stakeholder already and don't even know about it. Please don't say Howi53, we know that he was online as recently as yesterday.  |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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nembit86
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October 15, 2014, 05:56:30 AM |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
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.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. Creating 8 billion NEM might be good, too. 8 is a good number and everyone's stake could just be doubled. Yes I wouldnt mind that, psychologically I would have twice the amount, Asians would like the number 8 , cmc wouldnt have an irregular amount to deal with and as Ive said before, with what we want for NEM then 8 B would be needed even although it can be split up. |
NDZ4YPCKVKWAIIZBB5T7T5EL67N2XWPQODGGWIYT
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TaunSew
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October 15, 2014, 06:05:33 AM |
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If I had to choose between the 3.888-- billion and the 8 billion, I think I would go for the latter (the 8 billion). I think the 3.888 is too much of a mouthful / typefull and people would just round it up (in their head) to 4 billion.
I think the total supply has to be addressed because the origin behind 4 billion is a rather dumb story (as Eadeqa pointed out) and numerology wise it's a terrible number in many cultures.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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TaunSew
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October 15, 2014, 06:25:14 AM
Last edit: October 15, 2014, 06:42:21 AM by TaunSew |
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Do you really want the number 4 billion? 4 means death in a lot of cultures.
It's true.
Especially in China, 4 is the worst number.
It equals to the 13th Friday in Western.
Edit/I basically agree to investment fund.
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.
Burning them erases this problem in advance.
Burning them will prevent this probable lawsuit and also result in investment fund increase in the end.(by the scarcity of NEM and high value of each NEM.)
what about 3,999,000,000? we could just burn one stake, or maybe even burn one NEM, and have it be 3,999,999,999. I personally would volunteer 1 of my NEM to be burnt pre-Genesis block, just to make Asians happy. I do know that this is serious. I once lived in a building with no 4th floor. Really, the elevator went 1, 2, 3, 5, 6..... People take this seriously. Not exactly the mark of the beast for Christians, but many Asians really don't like 4. Are we considering changing the total to something other than 4 billion units? What about 3,888,888,888? It has three triple 8's in sequence. In the Chinese culture this would be very fortunate. "In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it." https://en.wikipedia.org/wiki/888_(number)Lucky numbers: Eight "The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky." Unlucky numbers: Four "Number 4 is considered an unlucky number in Chinese because it is nearly homophonous to the word "death". Due to that, many numbered product lines skip the "4": e.g., Nokia cell phones (there is no series beginning with a 4), Palm PDAs, Canon PowerShot G's series (after G3 goes G5), etc. In East Asia, some buildings do not have a 4th floor." https://en.wikipedia.org/wiki/Numbers_in_Chinese_cultureThe number 4 is omitted in some Chinese buildings. https://upload.wikimedia.org/wikipedia/commons/d/d4/ShanghaiMissingFloors.jpgChina= 19% of the world's population. http://www.worldometers.info/world-population/china-populationWe would need to subtract 111,111,112 NEM (~111 stakes). If we want to keep it closer to the original 4 billion, a couple more choices: 3,999,888,888 double triple 8's (-111,112 NEM) 3,999,999,888 single triple 8's (-112 NEM) Or preferably just keep with the original 4,000,000,000, it's easier to remember. Yes 3,888,888,888 is a good number and it wouldn't take much to discard to reach. You wouldn't see that number on coinmarketcap but it's something which could be mentioned in media articles for sure. I'm not really sure what's happening in mainland China in regards to digital currencies. We know elsewhere that digital currencies are becoming popular in Hong Kong and Vietnam. NEM is something that could thrive in those two locations but also mainland China and island of Taiwan. Eventually South Korea and Japan will get into digital currencies as well. Despite MtGox being located there, Bitcoin hasn't really seen much adoption or usage in Japan itself - the emerging trend in Japan is Mona coin (that was $8 million at one point and almost entirely located within Japan) and maybe NEM could get popular over there. Creating 8 billion NEM might be good, too. 8 is a good number and everyone's stake could just be doubled. Yes I wouldnt mind that, psychologically I would have twice the amount, Asians would like the number 8 , cmc wouldnt have an irregular amount to deal with and as Ive said before, with what we want for NEM then 8 B would be needed even although it can be split up. It's not really for coinmarketcap's consumption. Coinmarketcap would only depict the available number of NEM. So if we had 8 billion coins then 5.68 billion to 6 billion would be listed. 5 and 6 are still good numbers everywhere, I guess. The 8 billion would be for media consumption or when discussing the total supply. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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traderbit
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October 15, 2014, 06:27:04 AM |
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reason to fear that Asians number 4 is that its pronunciation is very similar to the word "death"
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TaunSew
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October 15, 2014, 06:45:47 AM |
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reason to fear that Asians number 4 is that its pronunciation is very similar to the word "death"
Yeah they are quite serious about not using the number 4 in most of Asia. Won't find it at weddings, people don't release products containing the number 4 , refuse to live on a floor labelled as fourth, the list goes on. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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nembit86
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October 15, 2014, 06:49:40 AM |
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reason to fear that Asians number 4 is that its pronunciation is very similar to the word "death"
Yeah they are quite serious about not using the number 4 in most of Asia. Won't find it at weddings, people don't release products containing the number 4 , refuse to live on a floor labelled as fourth, the list goes on. Asia is where its going to be at the next hundred years or so , so maybe it should be given serious thought |
NDZ4YPCKVKWAIIZBB5T7T5EL67N2XWPQODGGWIYT
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asdlolciterquit
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October 15, 2014, 08:09:05 AM |
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will NEM stake's price reach again 3BTC before the official release?
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jaspita
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October 15, 2014, 09:36:55 AM |
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What is the maximum number of transaction per second within the NEM network? You all know that the 7 tx/s limitation is a issue.
I insist!!! |
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jabo38
Legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
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October 15, 2014, 11:28:50 AM |
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will NEM stake's price reach again 3BTC before the official release?
I can see that happening. Once we are a few days away from launch, the price will probably shoot up 2 or 3 times. |
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Mickeyb
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October 15, 2014, 11:50:28 AM |
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will NEM stake's price reach again 3BTC before the official release?
I can see that happening. Once we are a few days away from launch, the price will probably shoot up 2 or 3 times. i think as soon as nemstake redemption on AE starts we will see a rise. possibly a substantial one over the week after. with fewer and fewer stakes trading, liquidity on the sell side will go to shit so if even a few buyers want anything over 1 stake it is going to send the price quite high. once people send their stakes away, the market is not going to work properly. we will have normal fluctuations in upward pressure but a severe hindrance on downward seeing as many people, even if they wanted to, wont be able to sell. the closer we get to launch the stronger the buy pressure will be and the weaker the sell pressure will become. anyone selling now is making probably the worst trade of the year. soon there will be fireworks  When will nemstake redemption on AE start? |
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