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

[patmast3r]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

Im sure there is something we can do to SHOW that the unclaimed stakes are NOT controlled by the Devs..........have you any ideas?

Nothing has been decided yet. And it is not the plan to make them developer controlled as there is no plan as of yet. We will come up with one and then will be the time to complain.

Just a sidenote: All the complaints have lead the core team to actually consider burning and/or raising stakes for existing stakeholders.
My guess is we won't do 1 thing with unclaimed stakes. We will probably do a couple of things.

[patmast3r]

Is it 8 Billion Nem coins divided to all the Nemstake holders?

no, 4b

Don't post BS. The plan was that 75% of the 4 billion would be divided to stakeholders who claim the coins.  That's 3 billion -- not 4 billion.  Given  at least 25% of those who registered in January are unlikely to show up, that means only 50% of coins will be distributed to stakeholders. The other half will be in total control of developers.

They are talking about the overall number of coins..."which will be 8 billion 

wouldn't bet on that.

[nembit86]

Is it 8 Billion Nem coins divided to all the Nemstake holders?

no, 4b

Don't post BS. The plan was that 75% of the 4 billion would be divided to stakeholders who claim the coins.  That's 3 billion -- not 4 billion.  Given  at least 25% of those who registered in January are unlikely to show up, that means only 50% of coins will be distributed to stakeholders. The other half will be in total control of developers.

They are talking about the overall number of coins..."which will be 8 billion 

wouldn't bet on that.

Yir a killjoy Pat......so you are 

[misterycoins]

A big thank you to Pat.

A big thank you to all who made NEM possible.

It's a great achievement. Few can program and deliver a product at this level.

Pat, the various freaks who will come out of nowhere to attack is part of the game. I hope you hold onto this fact when you're being inundated by the tossers in the following weeks post launch.

Instead of dwelling on these matters, I know you will turn to the works you have achieved and recall all of us out here who appreciate and support.

+1000 great work team dev ,thank you all

[asdlolciterquit]

Step three:

I have a doubt: the address in green in the picture is different from the address in the left cornet of the client! which one is the real address? which one should i have to use??

Is there any way to make sure that the address in green that i've copied is correct?

the address is the corner is testnet and the one you created is live net.. Livenet addresses start. With "N" where as test net start with "T". Once you have created and saved your data you can go to "verify account data" entrenched details and check that it is correct. You send off the address that gets created with the private and public key

thx a lot!
Now I have successfully registered my stake!

But i really don't understand how i can send my NEMStake to NXT-97MX-EWKV-CGKX-DA5WH....

Do i have to use an nxt client?? pls, help me!

I think you can use secureAe if that's what you are using. Go to account > portfolio/my assets > transfer asset(next to nemstake) and include a message containing you live net address and for recipient enter the nxt address you need to send it to. Don't encrypt.

Or use nxtclient.

for secureAe do you mean this?--> http://www.secureae.com/

I've never used it

Maybe it's better if i use nxtclient...i think is more simple, isn't it?

[patmast3r]

Step three:

I have a doubt: the address in green in the picture is different from the address in the left cornet of the client! which one is the real address? which one should i have to use??

Is there any way to make sure that the address in green that i've copied is correct?

the address is the corner is testnet and the one you created is live net.. Livenet addresses start. With "N" where as test net start with "T". Once you have created and saved your data you can go to "verify account data" entrenched details and check that it is correct. You send off the address that gets created with the private and public key

thx a lot!
Now I have successfully registered my stake!

But i really don't understand how i can send my NEMStake to NXT-97MX-EWKV-CGKX-DA5WH....

Do i have to use an nxt client?? pls, help me!

I think you can use secureAe if that's what you are using. Go to account > portfolio/my assets > transfer asset(next to nemstake) and include a message containing you live net address and for recipient enter the nxt address you need to send it to. Don't encrypt.

Or use nxtclient.

for secureAe do you mean this?--> http://www.secureae.com/

I've never used it

Maybe it's better if i use nxtclient...i think is more simple, isn't it?

I haven't used SAE either but it seems some people have problems with it in regards to messages.
I'd strongly suggest to use the nxt client. It's simple and reliable.

[rockethead]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

I don't give a damn if it is a new point or an old point. Why are you assuming that the unclaimed coins will go into the devs hands? Where is it said? It is called fud if there is no basis to your claims.

[Mickeyb]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

If this is true than 50% is way too much! The develompent funds should not exceed 25%. If it does, this will haunt us like NXT initial distribution forever! These unclaimed stakes need to be burned or distributed to the current users! Heck, 2000 initial users is still amazing, even if we don't get to the number of 3000. NXT had only 71!!

[Mickeyb]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

Im sure there is something we can do to SHOW that the unclaimed stakes are NOT controlled by the Devs..........have you any ideas?

Nothing has been decided yet. And it is not the plan to make them developer controlled as there is no plan as of yet. We will come up with one and then will be the time to complain.

Just a sidenote: All the complaints have lead the core team to actually consider burning and/or raising stakes for existing stakeholders.
My guess is we won't do 1 thing with unclaimed stakes. We will probably do a couple of things.

+1

This is exactly what we need!! To the DEVs: Please be careful, this decision can make or break NEM. So far we have a great reputation, let's not blew it at the end and put ourselves a tag like NXT has with its initial distribution allegations that will haunt us forever!

Edit: Just to show how important is initial distribution of NXT, I quit NXT for NEM because I don't believe NXT will ever solve this huge problem!!!

[mladen00]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

If this is true than 50% is way too much! The develompent funds should not exceed 25%. If it does, this will haunt us like NXT initial distribution forever! These unclaimed stakes need to be burned or distributed to the current users! Heck, 2000 initial users is still amazing, even if we don't get to the number of 3000. NXT had only 71!!

Nxt had max 71 stakeholders (71 account)

[makoto1337]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

If this is true than 50% is way too much! The develompent funds should not exceed 25%. If it does, this will haunt us like NXT initial distribution forever! These unclaimed stakes need to be burned or distributed to the current users! Heck, 2000 initial users is still amazing, even if we don't get to the number of 3000. NXT had only 71!!

Dev team will not control the unclaimed stakes or socks from socks. No one ever said we would. Don't listen to trolls for your information

What to do with the unclaimed stakes and stakes from socks has been discussed and is being discussed on our forums at forum.nemcoin.com

For the unclaimed stakes, the idea of putting them into a venture capital fund to feed the NEM ecosystem seems to have a lot of support. This fund would be a legal entity that is incorporated in some country and will be managed by professional fund managers who have their identities public. This would be completely outside of the control of the NEM dev team. All NEMsters would benefit by having the fund pay dividends to stake holders.

For the socks, nothing has really been discussed yet as we don't have all the final numbers public. There are some proposals to redistribute to those who run nodes, at least for part of the stakes. There will probably be 3-4 different uses for the stakes for the benefit of all NEM stakeholders. These stakes won't be controlled by the dev team.

As a side note, I think there is a good chance to go with 8 billion NEM

[Mickeyb]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

If this is true than 50% is way too much! The develompent funds should not exceed 25%. If it does, this will haunt us like NXT initial distribution forever! These unclaimed stakes need to be burned or distributed to the current users! Heck, 2000 initial users is still amazing, even if we don't get to the number of 3000. NXT had only 71!!

Dev team will not control the unclaimed stakes or socks from socks. No one ever said we would. Don't listen to trolls for your information

What to do with the unclaimed stakes and stakes from socks has been discussed and is being discussed on our forums at forum.nemcoin.com

For the unclaimed stakes, the idea of putting them into a venture capital fund to feed NEM ecosystem seems to have a lot of support. This fund would be a legal entity that is incorporated in some country and will be managed by professional fund managers who have their identities public. This would be completely outside of the control of the NEM dev team. All NEMsters would benefit by having the fund pay dividends to stake holders.

For the socks, nothing has really been discussed yet as we don't have all the final numbers public.

OK great!! 

[Istanbul34]

I'm a BTT stakeholder.

I registered my received Token by PM.

What is the next step? I can create a real NEM account, but where do I need to send it to? It's confusing with the AE stakeholder and the BTT stakeholder.

And how much time do I have to do this?

[bitdraw]

Is it 8 Billion Nem coins divided to all the Nemstake holders?

no, 4b

Don't post BS. The plan was that 75% of the 4 billion would be divided to stakeholders who claim the coins.  That's 3 billion -- not 4 billion.  Given  at least 25% of those who registered in January are unlikely to show up, that means only 50% of coins will be distributed to stakeholders. The other half will be in total control of developers.

why not give the rest away to new users? wouldnt it be in the interest of NEM to reach as many people as possible?

[Eadeqa]

why not give the rest away to new users? wouldnt it be in the interest of NEM to reach as many people as possible?

No, as continuously giving away coins mean that existing owners (especially those who paid for it on Nxt AE)  continue to lose money. We had one IPO -- not a hundred where you continue to give away coins forever. The new users should buy it . There should be reasons that they should be tempted to buy it.  

Aruracoin gave the whole country of Iceland "free" coins. It didn't gain "users" -- instead it killed aruracoin as those who got it for free immediately dumped them for BTC. Aurora is dead now.

[Istanbul34]

This is what I do;

* PHASE 2 REDEMPTION FOR BTT STAKEHOLDERS CLAIM YOUR STAKE *

I enter this; https://bitcointalk.org/index.php?topic=654845.msg9315950#msg9315950

But that post doesn't describe where to send my NEM address. Or am I stupid?

[jubalix]

8b is much better then 4b inmho.

4 is just not a good numbe, eg LTC.

also how long do we have to register?

[patmast3r]

I'm a BTT stakeholder.

I registered my received Token by PM.

What is the next step? I can create a real NEM account, but where do I need to send it to? It's confusing with the AE stakeholder and the BTT stakeholder.

And how much time do I have to do this?

Check this out https://forum.nemcoin.com/index.php?topic=2488.0

Deadline will be announced soon.

[xtester]

Eadeqa your supposed to be a "respected" member of the nxt community.. stop talking shit about nem as if nem has done something to personally harm you. i know you want to "fit in with the gang" and all but this is just lowering you to a bottom feeding troll destroying what ever respect you had.

This isn't a new point.  Nxt didn't have development fund, so unclaimed coins went to development development.  Nem already allocated 25% for the development, and now they are planning to add unclaimed coins to that stash, growing the development fund to 50%.   I mentioned this months ago, and back then Jaguar acknowledge this could become a problem. Nothing has been done to fix it, except doing exactly what I warned will happen.  Nem has the biggest percentage of coins controlled by the developers, only behind Ripple.

50% of coins would be controlled by the developers.

You do put in a lot of energy into deliberatly distorting information despite previous answers you received.

I wonder, have you also considered contributing with something?

I notice most people simply ignore your comments and it seems to be for a very good reason.

[rockethead]

8b? Really? Didn't see that one coming.. It must be for reasons other than just that 4 = death in China? Or atleast a good reason on top of that..

If it is for any reason, it is this reason: https://forum.nemcoin.com/index.php?topic=2531.msg6776#msg6776. No one ever shot it down yet with a more solid counter proposal. 8 is an incidental change to the argument that I have put forth.

If I have my way 10 Billion coins would be a good round number if we are going to increase it.

Edit: Honestly, I have no idea what the sweet spot is, whether it is 10 Billion, 80 billion or 100 Billion. But I am more sure that they all will have a better market cap than 4 Billion.