How to identify a bitcointard

[kodtycoon]

we will see who is right after nem launches..

Looking forward to it. Must be some really outstanding technology you've got there, wonder why virtually no one cares?

if no one cared why the hell does it have a 3m+ market cap prior to launch.. if you opened your eyes for even 5 mins you would know.

[inBitweTrust]

if no one cared why the hell does it have a 3m+ market cap prior to launch.. if you opened your eyes for even 5 mins you would know.

Marketcap is a misleading valuation on a currency and the same could be said about Bitcoin. Let's be honest. If 100 million of BTC hit the exchanges at once the price of bitcoin would crash to almost nothing. All other alts should equally be humbled by this fact as they represent a fraction of Bitcoins marketcap.

I could fork bitcoin, get a few friend together to buy some stake in a new alt and instantly have a marketcap higher than BTC if I was calculating the unsold stake at the same rate as the sold stake.

Are you suggesting people have actually invested 3 million usd into NEM?

Why do I see $ 303,484 ?

http://coinmarketcap.com/assets/nemstake/

[kodtycoon]

if no one cared why the hell does it have a 3m+ market cap prior to launch.. if you opened your eyes for even 5 mins you would know.

Marketcap is a misleading valuation on a currency and the same could be said about Bitcoin. Let's be honest. If 100 million of BTC hit the exchanges at once the price of bitcoin would crash to almost nothing. All other alts should equally be humbled by this fact as they represent a fraction of Bitcoins marketcap.

I could fork bitcoin, get a few friend together to buy some stake in a new alt and instantly have a marketcap higher than BTC if I was calculating the unsold stake at the same rate as the sold stake.

Are you suggesting people have actually invested 3 million usd into NEM?

Why do I see $ 303,484 ?

http://coinmarketcap.com/assets/nemstake/

no im not suggesting that.

3000 stake holders signed up for stakes, sock puppet removal using taint analysis removed a huge amount of socks and then sock stakes were given to people on a waiting list (after thay paid a trivial fee). it was requested that stakes be issued to stake holders on the nxt asset exchange months ago so that people could trade their stakes.. 1000 stakes were issued and only around 775 claimed their stake.. trading has been based on the knowledge that there will be 4000 stakes released(4 billion nem) so the fact that there is 4000 stakes has been, for the most part, priced in.. this can be proven too because as people are redeeming their stakes the sever and rapid drop in the number of stakes available for trading the price has not had any drastic change along with the drop. 1 stake is worth 39k nxt or ~2.29 btc..  ((39000*0.000058)*4000)*350 = $3,166,800

its not manipulation of price either because those 775 assets(stakes) that were issued were sent to 775 (mostly) unique users.

as for how much has been invested into nem, thats pretty much impossible to know unless you wana go through all the history of trading and work it out.. what i can say is that during the day or two prior to nems launch of trading on the asset exchange, nxt saw a 6m dollar increase in market cap and nem, on the first day of trading, did > 3/4 of the trading volume in dollars than nxt did on the same day.

try the tech.. look at the distribution stats and look at them with unbiased eyes and you will see why nem blows every other alt coin out of the water for so many different reasons.  if it wasnt for nem i too would probably be entirely invested in only bitcoin as i do not see any long term potential in any other alts but there comes a point when you must realise that better things can and will come.

before you bring up the 3000 stake holders 4000 stakes.. 10% is going to be split between 5 devs, possibly more people.. idk..  5% to fund ecosystem projects and 5% marketing costs and 5% something else or something like that..

distribution stats can be seen here: https://forum.nemcoin.com/index.php?topic=2518.msg6464#msg6464

that was done just prior to the start of AE stake redemption.

[LFC_Bitcoin]

Somebody who bought in as a very early investor & cashed out way too early (missing a huge chance to make some serious cash).

[cr1776]

Feel free to continue the list.

Comes up with terms like bitcointard.

This. And,

Starts a thread like this.

[inBitweTrust]

thats pretty much impossible to know unless you wana go through all the history of trading and work it out.. what i can say is that during the day or two prior to nems launch of trading on the asset exchange, nxt saw a 6m dollar increase in market cap and nem, on the first day of trading, did > 3/4 of the trading volume in dollars than nxt did on the same day.

So this is completely inaccurate?

http://coinmarketcap.com/assets/nemstake/

So you are suggesting that there are up to 4k people interested in NEM and you are boasting about this? This doesn't mean that NEM is worth 3 million or anything close to 3 million has been invested in NEM. Market cap is very inaccurate figure to judge the true value of the currency or its future potential. Do you understand this point?

Market Adoption by users and merchants, the amount of developers, Amount of investments, and brand recognition all are better indicators of the value in a currency.

[kodtycoon]

thats pretty much impossible to know unless you wana go through all the history of trading and work it out.. what i can say is that during the day or two prior to nems launch of trading on the asset exchange, nxt saw a 6m dollar increase in market cap and nem, on the first day of trading, did > 3/4 of the trading volume in dollars than nxt did on the same day.

So this is completely inaccurate?

http://coinmarketcap.com/assets/nemstake/

So you are suggesting that there are up to 4k people interested in NEM and you are boasting about this? This doesn't mean that NEM is worth 3 million or anything close to 3 million has been invested in NEM. Market cap is very inaccurate figure to judge the true value of the currency or its future potential. Do you understand this point?

Market Adoption by users and merchants, the amount of developers, Amount of investments, and brand recognition all are better indicators of the value in a currency.

i agree its inaccurate but people have a tendency to ignore what gives a coin value.. like distribution.. like teck.. like network effect.. like innovation.. like pace of development.. all things that nem is excelling in at such an early stage. price is TOTALLY unrelated to future potential.. the point i was making by bringing up the cap is that if no one gave a crap about nem it would be nearly worthless if not totally worthless which it is not.

As for your second point, i agree also but at such an early stage its difficult to judge a platform on such factors. there are certain things that have not been announced yet that i know would send the price flying up but those announcements are being withheld for now because it would be too soon to announce them.

as for developers their are 5 core developers all extremely tallented and a long list of other developers who wanted to join the core team, 6 marketing/promo team member and a lot of other people coding up network spamming bots for testing, others working on block explorers and various other things. the majority of alt coins are lucky to have more than one dev and maybe one promo guy. i know this isnt even comparable to the amount of people working on bitcoin but nem hasnt even launched yet never mind had 5 years of development.

its impossible for nem to have any merchant adoption yet for obvious reason but that does not mean that nem is not working on that already. also stuff that hasnt been announced so wont go into that.

as for the tech, well il have to let you read up on that.. dont want to turn this into an essay. all i will say is that its going to have massive implications for other coins. PoS coins have already put forward technical plans/ideas to "compete" with or mimic proof of importance much like the way bitcoin has come up with side chains to compete or devour "app" coins.

[Beliathon]

as for the tech, well il have to let you read up on that.. dont want to turn this into an essay. all i will say is that its going to have massive implications for other coins.

Phew, for a moment there I was afraid you might actually try to back up your claims this time! Seriously though, two years from now no one will know what NEM is, no one will know it ever existed (if this theoretical coin ever even does!)

By the way, calling a protocol (a knockoff protocol at that) a "movement" is full retard.

[kodtycoon]

as for the tech, well il have to let you read up on that.. dont want to turn this into an essay. all i will say is that its going to have massive implications for other coins.

Phew, for a moment there I was afraid you might actually try to back up your claims this time!

its still not open source so no matter what i say, it will be argued that what i say is not correct or i will be smeared in some way because of it.. much like what you just said..

[Beliathon]

its still not open source

Holy shit, if I wasn't sure it was a scam before, I AM NOW!

[kodtycoon]

as for the tech, well il have to let you read up on that.. dont want to turn this into an essay. all i will say is that its going to have massive implications for other coins.

Phew, for a moment there I was afraid you might actually try to back up your claims this time! Seriously though, two years from now no one will know what NEM is, no one will know it ever existed (if this theoretical coin ever even does!)

By the way, calling a protocol (a knockoff protocol at that) a "movement" is full retard.

theoretical? the beta is out.. you can test the software all you like. and how is it a knock off? a knock off of what?

[visual111]

territory wars; crypto style


this is pathetic


alts and bitcoin are all cryptocurrencies. what is the purpose of creating division in the crypto community? it is utter nonsense


bitcoin is important because it is a name people are familiar with. altcoins are important because they improve bitcoin (obviously, some fail at this)


does bitcoin have features like NXT/NEM/QORA? no, these "alts" trump bitcoin in this perspective

do any of those other coins get mentioned by *average joe*? no, only bitcoin


all coins have their downfall right now. this is not the time for the community to continue to have territory wars

[jabo38]

its still not open source

Holy shit, if I wasn't sure it was a scam before, I AM NOW!

The NCC (NEM client) for NEM has been opened sourced and already has third party devs working on it. The NIS (network server) hasn't been open sourced yet but will be after launch.

[galdur]

Bitcointards wipe the floor here. 24-5.

[bitkilo]

Belives he can predict the exact price bitcoin will be in a few days, which is always $1200+

[jabo38]

they both must have bum fucked you at the same time for you to turn out like such a dick. i bet your daddy is proud.. of the 10 stitches he gave you.

Thank you for demonstrating the limitations of your intellectual endurance, this speaks volumes about your chosen trashcoin.

i could say the same about you talking shit about something i did not even mention in my posts.

It's in every post you make, because you foolishly left it in your signature.

Smarter trashcoin pushers than you make some effort to hide their affiliations, much like modern christian-recruitment groups do on college campuses.

Kodtycoon wasn't in here pumping NEM.  The original OP made this as a joke then you got your feelings hurt and went on the attack because he had an alt coin in his signature.

The reality is that NEM tries to do everything it can not to be a trashcoin pump. That's NEM. The devs have gone out extremely out of their way to make it the most fair and widespread distribution ever in crypto. And I mean by far. They are also upfront and clear about everything with a beta that is being extensively and publicly tested pre-launch.

You can keep on applying all your normal stereotypes of alt coins to NEM all you want, but that doesn't make you right.  

[Soros Shorts]

15)Truly believes that he is of above average intelligence, and knows more about anything and everything than other forum members.

[jabo38]

15)Truly believes that he is of above average intelligence, and knows more about anything and everything than other forum members.

Hahaha. That should be #1

[cyberpinoy]

I think most if not all of the bitcoin earlier adopter already cash out.

By cash out I am assuming you mean sold their coins for cash, this actually devalues Bitcoin against cash.

People who fall into the bitcointard category are mostly late comers trying to become rich without contributing much.

Please explain how "cashing out" contributed anything useful to Bitcoins again?

[jabo38]

thats pretty much impossible to know unless you wana go through all the history of trading and work it out.. what i can say is that during the day or two prior to nems launch of trading on the asset exchange, nxt saw a 6m dollar increase in market cap and nem, on the first day of trading, did > 3/4 of the trading volume in dollars than nxt did on the same day.

So this is completely inaccurate?

http://coinmarketcap.com/assets/nemstake/

So you are suggesting that there are up to 4k people interested in NEM and you are boasting about this? This doesn't mean that NEM is worth 3 million or anything close to 3 million has been invested in NEM. Market cap is very inaccurate figure to judge the true value of the currency or its future potential. Do you understand this point?

Market Adoption by users and merchants, the amount of developers, Amount of investments, and brand recognition all are better indicators of the value in a currency.

He's boasting that thousands of people are invested in NEM pre-launch.  And anazingly each in theory has an equal share. Of course some tried to cheat and may have gotten away with it but the devs were really tricky in trying to make it one stake per one person and this was only revealed after the fact and sock puppets were cleared out.

The rest of what you said is true and after NEM is officially launched NEM will be working on those things diligently.