Is <<NEM>> relevant? Is it needed? What is it ?

[bitwho]

hah.. staking in NXT.

now thats a term i haven't heard in along time. Seriously. How much coins do you need to own to be able to stake a few hundreds? i am almost sure 100k nxt is not enough.

Everyone stakes in equal proportion to the amount of coins they hold.  How is NEM any different?  Are you some type of Communist?

whoooshh

[DecentralizeEconomics]

You claim 1300 unique individuals at launch is some kind of achievement in "egalitarianism" which is absurd.  NXT has over 100,000 accounts.  A lot of original NXT stakeholders sold out early before it became worth a substantial amount of money.  There are over 7 billion people in the world.  What about the other 6,999,998,700 individuals?  Regardless of how evenly spread out the initial distribution is, which is highly questionable, we all know that very quickly some people will dump their coins and others will quickly purchase tons of coins making the initial distribution null and void.  Wealth distribution is controlled by the Pareto principle and you cannot change nature.  Why spend so much time and energy vainly and unsuccessfully attempting to make distribution "equal" when it will be instantly destroyed once the coin is allowed to be exchanged?  "Equal" doesn't equate to "Fair" and NEM's initial distribution was far from "Fair".  UtopianFuture made sure of that.

You are speculating. You will probably be right. People might dump. But that does not mean the distribution is not healthy at lunch. Why is this important?  Well it raises the ratio or dumper to holders. Also the moment the price dips. Just like you assume people will dump , well with that many users im sure equally more will be there to buy them. minimizing the low floor.

Either way. this is speculations. Nothing wrong with that but your sound like your calling them out of something that might happen.. calm your titties

I am calm.  I'm just stating the fact that it will happen.  Guaranteed.

PoI is fundamentally flawed.  

Can you prove it?
Also. You think you are a genius to think of this exploit? NEM devs have never thought of this? a year into developments and no one thought of this basic "fundamental" exploit?

Yes, the tests say that I am a genius.  I've brought this point up numerous times when discussing PoI and nobody has offered any solution for preventing it.  My best guess is that NEM's devs know about this flaw, but are being quiet because if revealed, it would destroy NEM's only so called "innovation" and turn it into a liability.

hah.. staking in NXT.

now thats a term i haven't heard in along time. Seriously. How much coins do you need to own to be able to stake a few hundreds? i am almost sure 100k nxt is not enough.

Everyone stakes in equal proportion to the amount of coins they hold.  How is NEM any different?  Are you some type of Communist?

whoooshh

"whoooshh"?

[bitwho]

I'm am calm.  I'm just stating the fact that it will happen.  Guaranteed.

Guaranteed. ........ of course you do. until you don't. Got that magic globe ?

Yes, the tests say that I am a genius.  I've brought this point up numerous times when discussing PoI and nobody has offered any solution for preventing it.  My best guess is that NEM's devs know about this flaw, but are being quiet because if revealed, it would destroy NEM's only so called "innovation" and turn it into a liability.

Do you know what i said the first time i read about POI? the same thing. Wow. we are both geniuses. two for two. i wonder how many other are like us. Surely not a lot of whom when they first hear about POI , think about what would happen if you send it back and forth.

Boy lets keep nagging the devs until they finally understand that POI can be gamed that way. i am sure they never thought. After all not many people can be as genius as us.


Seriously. Just that you did not get your disclosure does not mean they haven't thought of it. So calm your titties and wait for the lunch, no?

[From Above]

what honestly interests me most is how NEM developers and advocates view the need of the project. U know like I said there are some nextgen projects out there that r working and that don't suck, but not a whole lot of people use them ~platforms/~coins. Why would Nem be a difference then?  also there's ethereum that has countless top notch developers, $18M in funding, public interest, media coverage and what not. hating it or not it's a fact that can't be denied.

how does it even make sense to launch another crypto platform? U know this is a serious concern and I have not once heard why BUT how great it's supposed to be. U see? PoI and all that, yeah yeah, but why really? What'd make the world care? what's the actual need other than to possibly enrich developers and nem holders? I mean the basic system behind it (apart from yet unproven gimmicks like poi) is already existent ain't it?

thanksees to all who took the time to answer to this thread, u r great,

[choochimil]

NEM is an attempt at a full featured ecosystem from launch.

[extrabyte]

Still has bugs in the client that are preventing Nem launch ?

[bitsire]

It seems like the whole alt scene has really died down this year but at least NEM is trying to bring something new to the table and isn't just a copy and paste Bitcoin clone.

Despite the "scandal" with UtopianFuture, I do think NEM will be one of the better launches this year.

[0nlyBTC]

[tokeweed]

i mean there iss  ethereum (and nxt etc).  can NEM still be relevant?

im looking up to developers like bloodyrookie  who obviously actually have skills and don't really care about all the drama surrounding all the crypto coins.

how does community view this thing ?
can this thing keep up with Ethereum ?
will it have its need in the world ?

what say u?


P.S. accidently clicked self moderated, this is not on purpose, I won't delete anything

funding will matter a lot.  how much funding does the NEM team have?

[Este Nuno]

I don't know, but reading this thread gives me the impression that NXT is going to have a much better distribution than NEM. Which is a bit ironic since if I remember correctly the entire purpose of NEM was to 'fix' that.

It's kind of hard to distribute better than NXT when it has had a year and a half of live trading at low prices. Is there really a better distribution method than an open market? I'm not so sure.

[DecentralizeEconomics]

I don't know, but reading this thread gives me the impression that NXT is going to have a much better distribution than NEM. Which is a bit ironic since if I remember correctly the entire purpose of NEM was to 'fix' that.

It's kind of hard to distribute better than NXT when it has had a year and a half of live trading at low prices. Is there really a better distribution method than an open market? I'm not so sure.

The NEMwits would tell you the best distribution method is Communism.  Just look how "fair and equal" UtopianFuture was in allocating stakes to himself.

"All stakeholders are equal, but some stakeholders are more equal than others." - Official NEM Motto

[Zer0Sum]

Nem has also integrated a new spam filter which i dont think any crypto has done to date.. Nem is also the first coin to have blockchain based multi signature accounts, which for the record, none of the other established cryptocurrencies have managed to pull off so far. Nem is also the first to have P2P synchronised time, which i have heard is a problem that P2P tech has needed solving for a quite while..

Ya man, obscure features don't create tx... it's all about tx...
Successful businesses built on or moved to your platform create tx.

After about 15 months of NXT and 12 months of NEM:

NXT Forum posts....165,000
NEM Forum posts......12,000

If you were a business looking for a "tool box"... which pool of critical mass would you choose?

But I'll say this...
Just ONE existing multi-million dollar business choosing NEM over NXT could flip it.
 
A big torrent site or big anon vpn site would vault NEM over NXT...
You guys should be HOSTING these types of businesses out-of-the-freaking-box...
Pirate Bay or Mullvad should be up and running on NEM in 48 hours (nothing like this on NXT)...
Yo! You've had a year to build a hosting platform... while NXT is spinning their wheels.

[nutildah]

Wait till you see what's in store for after launch

Which is.... when?

I just ask because you've been saying the same thing for over 6 months now.

[Come-from-Beyond]

Real companies picking nem over nxt before its launched....

This is interesting. Any ideas why they chose such the strategy? A tech that is not tested in wild brings extra risk (and reward?) into business.

[FuckingNEM]

Firstly the problem is I don't beleive there is any room for another alt apart from ones attached to a real world product like an ebay type site etc.

The specific problem with NEM is they have become the same type of circle jerks they were susposed to be opposing in NXT. NEM has no tech innovation that anyone cares about and has less than the competition. It's last years new, it will be dumped.

[Este Nuno]

What are the problems with NXT that NEM is supposed to solve?

[FuckingNEM]

What are the problems with NXT that NEM is supposed to solve?

It solved the jealousy of some NXT boys who didn't get in on the early lucrative action.

[Come-from-Beyond]

It solved the jealousy of some NXT boys who didn't get in on the early lucrative action.

Shouldn't there be "Awesome" in the middle of your nick?

[Ingatqhvq]

NEM is a communist joke.

I can't  agree you more.
It claim fair, but with lots of sockpupt account.

[0nlyBTC]