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Author Topic: NEMstake discussion  (Read 142903 times)

UtopianFuture

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NEMstake discussion
« on: May 24, 2014, 08:13:45 pm »

ASSET NAME : NEMstake

ACCOUNT : NXT-J62B-CNAR-34YW-4RCFN

ASSET ID : 12465186738101000735

ISSUING TIME: 5/30/2014 at 12.00 GMT or 7.00 A.M EST

A NEMstake token represents one million NEM receivable after the official launch of NEM blockchain. The token can be traded down to one digit after zero (minimum unit is 1/10 of a token). Our website is www.ournem.com. Please read about NEM, NEMstake token and the conversion rules in our dedicated thread before buying NEMstake. The issuing account is NXT-J62B-CNAR-34YW-4RCFN.

Discussion + Update thread: https://bitcointalk.org/index.php?topic=426303.0

Token request thread: https://bitcointalk.org/index.php?topic=616467.0; Please read NEMstake token conversion to NEM rules carefully.

There is a total of 4 billion NEM.

Please read this document before considering buying NEMstake https://docs.google.com/document/d/19so-Jy3Gqw2KltZP-gaw3oFaHliN0OdtwZktOP4pCOQ/edit

« Last Edit: May 29, 2014, 01:29:42 am by UtopianFuture »
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bitcoinpaul

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Re: NEMstake discussion
« Reply #1 on: May 24, 2014, 09:03:44 pm »

Silence. Soccer?
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Come-from-Beyond

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Re: NEMstake discussion
« Reply #2 on: May 24, 2014, 09:16:35 pm »

The token can be traded down to one digit after zero (minimum unit is 1/10 of a token).

Is it for valuating NEM beforehand?
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kodtycoon

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Re: NEMstake discussion
« Reply #3 on: May 24, 2014, 10:57:57 pm »

The token can be traded down to one digit after zero (minimum unit is 1/10 of a token).

Is it for valuating NEM beforehand?

New Economy Movement
* 100% original codebase *
* XEM is the currency of the NEM platform *

Important Links
Website | Tutorials | Forum | Support | IRC #ournem 

Social Media
Facebook | Twitter | Reddit | YouTube | Weibo | BTC38

Exchanges
Poloniex | Bittrex | BTER | BTC38 | Bitcoin.co.id

Payment Processor 
Coingateway

Resources
Source Code | API Documentation | Technical Reference | Development Contract     

Tools
Nembex-Block Explorer/Node Monitor | Blockexplore.in-Block Explorer/Rich list | Node Explorer-Node Explorer/Node Monitor




Recent Updates
- Please update to version 0.6.43 or later.  A fork is coming at block 199,800.
- Warning: I versions older than 0.6.42 there was an error that sometimes led to failures in backing up wallets.  Please do not use the built-in feature to back-up your wallet on old versions.
Most likely it will generate incorrect data and backup will NOT be usable. 
- Late redemption is finally over and all funds have been dispersed to initial stake holders including sock puppet protests and late redeemers.

Specifications
Hashing Algorithm: Proof-of-Importance
Genesis Date: March 31st, 2015
Block Time: 1 minute
Available/Total Supply: 8,999,999,999 XEM
Block Reward: N/A (transaction fees only + node rewards)

Client
You can download the NEM software at nem.io.


What is NEM?
NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.

NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM finally launched on March 31, 2015.

Watch our introductory video:



Features
- NEM is built 100% from scratch (not a fork of any existing project)
- NEM is built with test-driven development
- NEM uses innovative Proof-of-Importance algorithm: first reputation based blockchain algorythm
- NEM improves different features of POW and POS coins, being more efficient and environmentally friendly
- NEM one minute average block times
- NEM is the first crypto with delegated harvesting
- NEM is the first with localized spam protection
- NEM is the first with Eigentrust++ peer reputation management
- NEM is the first editable m-of-n multisig with blockchain based alerts
- NEM offers encrypted, unencrypted and hex messaging
- NEM is easy to install with a one click installer
- NEM zero inflation (fixed supply, all 9 billion coins released at launch).
- NEM relatively large egalitarian distribution
- NEM will offer a mobile wallet for both iOS and Android (coming soon)




What is POI?
POI is the consensus algorithm used in NEM to determine who will calculate the next block. An account's importance is determined by how many coins it contains and the number of transactions made to and from that account. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In some proof-of-stake systems a person only needs to have large amounts of coins to form a block; however, in NEM the transaction amount as well as support of the network become a factor. This has been designed to encourage users of NEM to not simply hold NEM but instead actively carry out transactions within the NEM ecosystem.



Roadmap to V1
- Completion of all the features in the existing wallet
- Coloured Coins
- Business Rules (a.k.a. Smart Contracts)
- Decentralized Asset Exchange
- Integration of multisignature into the AE and Business Rules
- Snapshotting for quick syncing of nodes

Need Help?
Please visit our FAQs.
Or take a look at our tutorials.

Starter NEM Tutorials
Import a Private Key & Access Your NEM stake

Installation Tutorials
Windows/Mac Installation Guide
Windows Installation Guide (standalone)
Mac Installation Guide (standalone)
Ubuntu Installation Guide (standalone)
How to Install Java 8 (64 bit) on Windows

Misc Tutorials
How to Find, Export or Delete Your Wallet and Address Book File
How to Remove Old NEM Software Versions
How to Delete Your Local Copy of the Blockchain
How to Import the Database File Provided by Developers

Advanced Features Help
How Local and Delegated Harvesting Works]
How to Connect to a Remote Server
How to Use Multi-signature Accounts
How to Use Delegated Harvesting
How to Make Your Node Name Appear in Color on the NEM Block Explorer
Easy Configuration Guide (opening port 7890)
Setting up the Testnet

Or contact our support team.

NEM Core Developers
- Jaguar0625
- BloodyRookie
- Gimre
- Makoto
- Thies

NEM Core Marketers
- Makoto
- Rockethead
- Kodtycoon
- Jabo38
- Mixmaster
- Ronel

NEM News
Coin Telegraph, Proof-of-Importance: How NEM is Going to Add Reputations to the Blockchain
Coin Telegraph, NEM Launches, Targets Old Economy with Proof-of-Importance
Coin Telegraph, Altcoin Digest: 10 Coins That Can’t Be Neglected
Bitcoinist, NEM: New Economy Movement
The Merkle, NEM: New Economy Movement
Yahoo Press Report, Cryptocurrency NEM Gears Up To Change How Trade, Commerce And Finance Is Transacted
Motherboard, This Cryptocurrency Doesn't Want to Beat Bitcoin, It Wants to Beat the Economy
Crypto.direct, NEM OFFICIALLY LAUNCHED
News Wire Press Release, Bitcoin Alternative NEM (XEM) Officially Launches with 100% Original Codebase Cryptocurrency
Allcoinsnews, NEM Q&A – Original, Tested Blockchain Platform, Proof-of-Importance, “Change the World, Forever” Tech
Coin Telegraph, NEM: ‘Right Now We Have the Best Designed Blockchain Platform in Existence’

Extra Links
Wikipedia
Coin Gecko
Coinmarketcap
CryptoCoin Charts
Paper Wallet and Vanity Generator Programs
Nembex Testnet
Community Fund Proposal
Node Rewards Proposal


How to get Involved
If you would like to contribute to the development of NEM, please contact the team via this thread.   



NEM is a new blockchain but is a code made for developers by developers and is already having major projects being built on it. 

NEM is looking for talented developers to help work on the NEM Community Client (NCC).  The NCC is the open source wallet.  We are looking for a main NCC developer, a UI developer, and UX developer. 

We are also looking for people to work on websites, work on bots, and developers that would like to build apps on NEM's APIs.
« Last Edit: August 15, 2015, 04:44:07 pm by kodtycoon »
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jl777

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Re: NEMstake discussion
« Reply #4 on: May 24, 2014, 11:04:04 pm »

The token can be traded down to one digit after zero (minimum unit is 1/10 of a token).

Is it for valuating NEM beforehand?

its supposed to help with distribution.. but that is not looking like it will be the case with a buy order for 1% of all nem... which is a really bad thing to happen! someone owning 1% ruins all the great distribution of the other 99%
It is significantly below the previous NEM stake sales

Since everyone knows NEM is worth much more than NXT, probably more than BTC itself, I doubt anybody will sell to the bottom feeding shark. I just put it there in case anybody really wanted NXT for their NEM for some reason

James

P.S. If I do get the 1%, it will actually be the sharkfund,which is owned by dozens of people so it will still be egalitarian
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kodtycoon

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Re: NEMstake discussion
« Reply #5 on: May 24, 2014, 11:09:32 pm »

The token can be traded down to one digit after zero (minimum unit is 1/10 of a token).

Is it for valuating NEM beforehand?

its supposed to help with distribution.. but that is not looking like it will be the case with a buy order for 1% of all nem... which is a really bad thing to happen! someone owning 1% ruins all the great distribution of the other 99%
It is significantly below the previous NEM stake sales

Since everyone knows NEM is worth much more than NXT, probably more than BTC itself, I doubt anybody will sell to the bottom feeding shark. I just put it there in case anybody really wanted NXT for their NEM for some reason

James

P.S. If I do get the 1%, it will actually be the sharkfund,which is owned by dozens of people so it will still be egalitarian

ok good to hear!

can you quote that on the nem thread?
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jl777

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Re: NEMstake discussion
« Reply #6 on: May 24, 2014, 11:15:47 pm »

The token can be traded down to one digit after zero (minimum unit is 1/10 of a token).

Is it for valuating NEM beforehand?

its supposed to help with distribution.. but that is not looking like it will be the case with a buy order for 1% of all nem... which is a really bad thing to happen! someone owning 1% ruins all the great distribution of the other 99%
It is significantly below the previous NEM stake sales

Since everyone knows NEM is worth much more than NXT, probably more than BTC itself, I doubt anybody will sell to the bottom feeding shark. I just put it there in case anybody really wanted NXT for their NEM for some reason

James

P.S. If I do get the 1%, it will actually be the sharkfund,which is owned by dozens of people so it will still be egalitarian

ok good to hear!

can you quote that on the nem thread?
no time, you can repost
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chanc3r

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Re: NEMstake discussion
« Reply #7 on: May 24, 2014, 11:47:27 pm »


Since everyone knows NEM is worth much more than NXT, probably more than BTC itself, I doubt anybody will sell to the bottom feeding shark. I just put it there in case anybody really wanted NXT for their NEM for some reason

James - interesting comment - if you have a few seconds can you explain why you think this?
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jl777

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Re: NEMstake discussion
« Reply #8 on: May 25, 2014, 12:09:56 am »


Since everyone knows NEM is worth much more than NXT, probably more than BTC itself, I doubt anybody will sell to the bottom feeding shark. I just put it there in case anybody really wanted NXT for their NEM for some reason

James - interesting comment - if you have a few seconds can you explain why you think this?
You thought I was serious about valuation?
I put a bid in at 10000 NXT per share of NEM, that makes the total marketcap around $2 mil, top 20 coin. Probably a bit generous for this moment since I havent seen any actual software, but I trust utopian's group that they will eventually come out with a good coin. Certainly better than MaxCoin,which is a comparable "community" coin but just a gen1 clone. So if I can snag some NEM at MaxCoin valuation, sharkfund investors will be happy.

This still puts it as a solid second tier coin, which is nothing to be sad about. As we have seen if the market takes a liking to a coin the transition from second tier to first tier is a week long journey. I just cant value NEM in top 10 at this point

people paying namecoin valuation for NEM, well, hope they will try to analyze a bit before purchasing.

James
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chanc3r

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Re: NEMstake discussion
« Reply #9 on: May 25, 2014, 12:12:28 am »


Since everyone knows NEM is worth much more than NXT, probably more than BTC itself, I doubt anybody will sell to the bottom feeding shark. I just put it there in case anybody really wanted NXT for their NEM for some reason

James - interesting comment - if you have a few seconds can you explain why you think this?
You thought I was serious about valuation?

James

No but I didn't want anyone misunderstanding you :D
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allwelder

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Re: NEMstake discussion
« Reply #10 on: May 25, 2014, 01:14:05 pm »

Applied my stake token,but no response. :(
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crimi

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Re: NEMstake discussion
« Reply #11 on: May 25, 2014, 01:31:52 pm »

Applied my stake token,but no response. :(

You should be in the list pretty soon, they are really fast in handling there stackholder sheet.

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=14
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allwelder

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Re: NEMstake discussion
« Reply #12 on: May 25, 2014, 02:13:02 pm »

Applied my stake token,but no response. :(

You should be in the list pretty soon, they are really fast in handling there stackholder sheet.

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=14
Thanks,got it.
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UtopianFuture

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Re: NEMstake discussion
« Reply #13 on: May 25, 2014, 03:19:47 pm »

Applied my stake token,but no response. :(

You should be in the list pretty soon, they are really fast in handling there stackholder sheet.

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=14
Thanks,got it.

sorry i did not reply earlier. Got a lot of pm so I just added you in the list. No need for a confirmation.
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apenzl

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Re: NEMstake discussion
« Reply #14 on: May 25, 2014, 08:24:06 pm »

FYI :)

Dear NEM stakeholder community,

I apologize for making some of you disappointed but I decide to hold off the asset exchange listing for at least a couple of days until more information about NEM and its governance structure could be provided.

The reason for that is because I realized involving new investors is a qualitative change in NEM organizational structure and that needs to be handed with more transparency and disclosure. So far NEM has been conceptualized as a voluntary association in which stakeholders are participants and contributors to the formation of a new decentralized movement. In that conceptualization, I am comfortable in handling participant complaints with a simple refund suggestion. In that conceptualization, no one loses when he doesn't like what the development team is doing and can voluntarily withdraw. We as a team could also have the right to refuse certain participants who are deem not beneficial (sockpuppets for example). This phase has been dubbed "a call for participation" (it is not an IPO sorry) for these rationales.

This phase was over when the final stakeholder was published. No more stakeholders will be added. Now we are going to transition to a new phase in which investors can come in via  sales from the current stakeholders and public auction. I think they deserve to know more what future governance of the system will look like. So before investors are welcomed in, I would like to publish at least a preliminary draft of the Development Contract to the agreement of all current stakeholders. So the time during the asset exchange listing postponement will be used for that process. The process will include: the development team publishing a preliminary draft of the Development Contract; current stakeholders commenting and criticizing the Development Contract; majority of current stakeholders agreeing on the Development Contract and the rest requesting a refund and leave.

While I believe at this point the shares of the current stakeholders are theirs to control and technically asset listing is for the current stakeholder selling a part of his shares. However, we as a team cannot afford officiating the sale without performing our obligation in a full disclosure of what we plan to do with the development shares and development reserves. Hence, the postponement of the listing. I have been preparing materials for the Development Contract for a while and will be able to publish a preliminary draft very soon.

UtopianFuture      

kodtycoon

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Re: NEMstake discussion
« Reply #15 on: May 26, 2014, 02:51:31 pm »

if anyone wants a .5 btc bounty.. just to write up a 2-3 page document https://bitcointalk.org/index.php?topic=426303.msg6948784#msg6948784
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UtopianFuture

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Re: NEMstake discussion
« Reply #16 on: May 27, 2014, 12:20:20 pm »

New issuing time updated. My apology for the earlier postponement and please read the conversion rule in the toke issuance request as an additional conversion rule has been applied. 
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apenzl

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bitcoinpaul

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Re: NEMstake discussion
« Reply #18 on: May 27, 2014, 03:16:19 pm »

lol
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UtopianFuture

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Re: NEMstake discussion
« Reply #19 on: May 29, 2014, 01:30:17 am »

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