.... That was until the day NEM listed on the Nxt Asset Exchange. I'm looking at 1500$ for posting 'interested' on page 17 of a thread on a dodgy internet forum. Talk about ROI
Anyways. I'm in the process of listing my stake on the NXT asset exchange for security reasons (I'm not trusting theymos with my 1500$) ...
I am not familiar with this NEM business… If I buy your stake on the exchange what assurance do I get that I will receive my actual NEM?
Do not get me wrong - I like your picture on this forum , it screams ‘dependable and trustworthy,’ but is that all I have to rely on, or is there other mechanism to help me sleep till I actually get the stake?
Thank you. I'm currently working with my associates Trendon Shavers and Brock Pierce on a bitcoin project that will change the world as we know it. Its called Mt. Wrox and we have early bird investment opportunities through a BTC address announced shortly.
If you are a participant in the New Economy Movement your only method of identification is the forum account that was used to show your interest. This means that theymos (owner of bitcointalk) is essentially in control of 6 million worth of NEM as it stands now.
If you transfer your stake to the NXT asset exchange it is protected by a random 12 word password. But is is still an IOU, since NEM is in pre-alpha. Utopianfuture promises to redeem NEM asset exchange stakes in the same fashion as he will redeem BTC talk accounts who are on the stakeholder list. Once you buy a stake, you buy an IOU by the NEM team. The NXT exchange is like Counterparty.
Difference is that now I got an IOU from NEM lead dev rather than from theymos. Plus, BTCtalk has been hacked before, and the NTX exchange is far more hack proof.