Author Topic: [FYI] interesting post @ BTT about NEM development  (Read 10552 times)

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Offline Amazon

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OK, so it started as an NXT clone and then devs changed their mind  and decided develop their own coin.

lol scam  :P
https://bitcointalk.org/index.php?topic=426303.msg7273210#msg7273210  :o

lol, I know NXTchg deleted lot of posts by ghosthouse in his simcoin topic. But it is funny to see it turn out to be the dev of NEM, very interesting.
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Offline vlight

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OK, so it started as an NXT clone and then devs changed their mind  and decided develop their own coin.

lol scam  :P
https://bitcointalk.org/index.php?topic=649852.0
« Last Edit: June 12, 2014, 05:29:46 pm by vlight »

Offline Agent86

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I haven't done any research regarding NEM but I intend to do so...Do you believe it is too late now? I think I read some posts from NXT forum saying that NEM is not a threat to NXT, that they bought cheap NEM and now are selling etc..So if NXTers got first NEM stakes and are dumping now their shares I don't think there is much potential with NEM but I might be mistaken ofcourse..

Something else that might sound silly to many people is the name "NEM" is not nice. "NXT" "Next generation bla bla" is much nicer...I can't believe that any cryptocurrency, equity will survive without a nice name...

PPC is obviously a better coin than bitcoin. But how on earth they came up with the name peerpeer coin? The could have just called it p2pcoin...

Black coin also could be a nice coin. Why on earth would you call a coin "black" and stigmatize it whith racism? Same applies to "Darkcoin"...oooo dark..drugs, anonymity, illegal activities....

Some people really should pay more attention how they name their coins...
I have my NEM stake.  I take bitshares more seriously, but I like NEM better than NXT at current price... mostly a gut feeling.  NEM stands for "New Economy Movement"  I actually like the name better than NXT.  I think they are auctioning off a good number of stakes after they release an alpha.  I'm not sure if it would be cheaper now or then, but you could wait for the auction to play it safer.  And of course nothing is released so it's speculation.  I like bitshares in the long run but lots of people are into NEM and I could see it going up a lot.

Offline gamey

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I haven't done any research regarding NEM but I intend to do so...Do you believe it is too late now? I think I read some posts from NXT forum saying that NEM is not a threat to NXT, that they bought cheap NEM and now are selling etc..So if NXTers got first NEM stakes and are dumping now their shares I don't think there is much potential with NEM but I might be mistaken ofcourse..

Something else that might sound silly to many people is the name "NEM" is not nice. "NXT" "Next generation bla bla" is much nicer...I can't believe that any cryptocurrency, equity will survive without a nice name...

NXT is sorta a marketyable name isn't it ?   NEM has new economy movement though which captures a lot of anger at established fiat systems.  So it might be a toss.

As far as reading NXT threads, of course guys are going to say they are now selling NEM etc. What else would you expect ?  If I had a bunch of spare BTC sitting around I'd buy stakes at 2 btc all day just to diversify.  Seems quite likely for that to be profitable.  Give estimations it'll hit certain market caps etc... do the math.

Remember these guys are trying to make basically a 3rd generation currency off the backs of all the mistakes elsewhere. 
I speak for myself and only myself.

Offline mf-tzo

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I haven't done any research regarding NEM but I intend to do so...Do you believe it is too late now? I think I read some posts from NXT forum saying that NEM is not a threat to NXT, that they bought cheap NEM and now are selling etc..So if NXTers got first NEM stakes and are dumping now their shares I don't think there is much potential with NEM but I might be mistaken ofcourse..

Something else that might sound silly to many people is the name "NEM" is not nice. "NXT" "Next generation bla bla" is much nicer...I can't believe that any cryptocurrency, equity will survive without a nice name...

PPC is obviously a better coin than bitcoin. But how on earth they came up with the name peerpeer coin? The could have just called it p2pcoin...

Black coin also could be a nice coin. Why on earth would you call a coin "black" and stigmatize it whith racism? Same applies to "Darkcoin"...oooo dark..drugs, anonymity, illegal activities....

Some people really should pay more attention how they name their coins...


 


Offline JoeyD

Very interesting :)
Well Bitshares is definitely in the 'deep innovation' side

I don't remember the source but I remember reading that the best predictor
of whether kids will be financially successful later or not is the marshmallow test.

Delayed Gratification

Not IQ or anything but the marshmallow test. 


Instant Gratification=Hunter Gatherer Genes

Delayed Gratification=Farmer Genes

Very interesting stuff

If i recall correctly the results suggested a high correlation between the ability to delay gratification and high IQs in children tested later in life in addition to the genetic expression of hunter/gatherer vs producer traits.  Very interesting study.
Could also just mean you're a kid like me who just doesn't like sweets all that much. Don't know if I was smart enough back then to eat the yucky thing before the big strange man brings more of them.

Anyway I wouldn't put too much value in tests like those predicting your future success. Look at me, my life certainly didn't turn out in the way those tests would suggest.

Offline fuzzy

Very interesting :)
Well Bitshares is definitely in the 'deep innovation' side

I don't remember the source but I remember reading that the best predictor
of whether kids will be financially successful later or not is the marshmallow test.

Delayed Gratification

Not IQ or anything but the marshmallow test. 


Instant Gratification=Hunter Gatherer Genes

Delayed Gratification=Farmer Genes

Very interesting stuff

If i recall correctly the results suggested a high correlation between the ability to delay gratification and high IQs in children tested later in life in addition to the genetic expression of hunter/gatherer vs producer traits.  Very interesting study.
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Offline gamey

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And recall, NEM did not come out of nowhere, it reached escape velocity from a cesspool of NXT clones where evolution accelerated to a high pitch. x)

At the time I was very into reading bitcointalk I found the thread.  It had a different vibe and I watched it grow and saw how much effort they put into catching sock puppets.  Nothing terribly unfair but they put forth a lot of effort.  There were times I questioned it, but patmast3r and utopianfuture always came across as legitimate.  Anyone who dismisses it doesn't have their pulse on crypto-currency or has missed the factors that make winning "coins".  NEM could very well surpass NXT.  It is vaporware though, but so are many projects.

UF puts no effort as establishing his credibility and will just say google my name.  It is there you see his passion etc.  Maybe they'll flub the implementation, but given implementations are already out there... I am not sure why anyone would expect it. 
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Offline tonyk

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AGS could be listed in the same fashion on both Counterparty or the NXT Asset exchange. But asking I3 to allow that is probably like asking the Pope for permission to shoot a porn gig inside the Sistine Chapel.

 +5% I know man!

 Now I like more than your picture Mrrr :)  +5%
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Mrrr

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WAW...

And he i.e ‘utopianWhatever’ listed all those shares just as an estimate how many people would like to do that and/or sell their stake?
Cool…

Wish somebody have listed AGS the same way and offered ‘simulated tradability” for the AGS shares… :)

Utopianfuture (REMBER THAT NAME!) listened to a request from the community: to have stakes tradable before release. So that any dumpers could cash out and any interested people could get in even after registrations closed.
He then gave the option for stakes be traded on the NXT AE, on MSC and on Counterparty. With a minimum of 100 people interested in any of the above listed before he'd enable trading. NXT AE was the winner.

The 1000 tokens were his estimate of how much would be needed to satisfy the communities' request. As of now 400 or so have been transferred so it seems he was ok with that estimate.

AGS could be listed in the same fashion on both Counterparty or the NXT Asset exchange. But asking I3 to allow that is probably like asking the Pope for permission to shoot a porn gig inside the Sistine Chapel.

Offline tonyk

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WAW...

And he i.e ‘utopianWhatever’ listed all those shares just as an estimate how many people would like to do that and/or sell their stake?
Cool…

Wish somebody have listed AGS the same way and offered ‘simulated tradability” for the AGS shares… :)
« Last Edit: June 07, 2014, 11:54:58 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Mrrr

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Very easy. There are ca. 3000 bitcointalk accounts on the NEM stakeholders list. Anyone of those can send a PM to utopianfuture requesting their stake to be listed. Utopianfuture created an asset on the NEM Asset Exchange, called NEM. You PM him with your NXT address, and utopianfuture will send you a NEM asset (a token for your NEM stake). Once NEM launches you can send this token back to utopianfuture to claim your coins. You can keep the token in in your next wallet or you can trade it on the exchange.

EDIT: utopianfuture created 1000 NEM assets, any stakeholder can get one while stocks last.
« Last Edit: June 07, 2014, 11:43:05 pm by Mrrr »

Offline tonyk

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"If you transfer your stake to the NXT asset exchange"

One can do that? How?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Mrrr

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.... 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.

Offline tonyk

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.... 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?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.