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kodtycoon

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Nemstake redemption
« on: October 29, 2014, 01:01:53 pm »

The deadline for AE nemstake redemption is the 26th of february! To ensure that you dont lose your stake please redeem your stake as soon as possible.There will be no further extensions to this deadline. NemStake becomes worthless from the 26th of february onwards. .

There has been some confusion regarding nemstake redemption so i want to bring all the information relevant for nemstake holders/buyers into one place and lay it out in the most understandable way possible.

information on how to claim

Please follow the link bellow for instructions on how to claim.

https://forum.nemcoin.com/index.php?topic=2631.msg8414#msg8414

in short -
Quote
People who have their stake on the NXT Asset Exchange will need to transfer all their NEMStake to "NXT-97MX-EWKV-CGKX-DA5WH". In that transaction you also need to include a message(do not encrypt the message) that consists only of your NEM address (see guides bellow on how to create your real account data) and NOTHING ELSE, no other text whatsoever. If you fail to provide your NEM address during this step you will lose your stake. At this point you will have provided us with all the information we need to distribute your NEM, so all you have to do now is wait for it to arrive.

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

you can find a video guide on how to create your real account data, save it, and how to use that information to redeem your stake here.

there is also a text guide on how install keepass and how to create real account data and then save it in keepass here



« Last Edit: February 23, 2015, 12:48:08 pm by kodtycoon »
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2Kool4Skewl

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Re: Nemstake redemption
« Reply #1 on: October 30, 2014, 03:54:12 am »

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

You need to sign your releases and post a hash.

After launch, redemption will be possible for 3 further months. During this period, redemption will happen with reduced equivalences for NEM stakes.

  • during the 1st month after launch: 1 NEM stake is worth 750 000 NEM
  • during the 2nd month after launch: 1 NEM stake is worth 500 000 NEM
  • during the 3rd month after launch: 1 NEM stake is worth 250 000 NEM

As soon as the 3 months are over, not a single NEM stake will be able to be redeemed and remaining NEMs will be available for NEM development.

Why?  How is this fair?  People should be allowed to claim their stakes regardless of the time after launch.
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jl777

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Re: Nemstake redemption
« Reply #2 on: October 30, 2014, 12:13:34 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James
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Fatih87SK

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Re: Nemstake redemption
« Reply #3 on: October 30, 2014, 12:24:25 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James

You can always ask for advice in here;

https://bitcointalk.org/index.php?topic=654845.new#new

If they can't help you. You are right. But don't give up so quickly.
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crimi

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Re: Nemstake redemption
« Reply #4 on: October 30, 2014, 12:42:49 pm »

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this
James

  ;D
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chanc3r

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Re: Nemstake redemption
« Reply #5 on: October 30, 2014, 12:45:14 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James

It flat didn't work on the MAC, I tried on both of mine, ended up booting a windows VM to install the beta which worked fine on windows.

The security setting instructions are wrong for java 8 on the mac - but even if you figure that out the NCC/NIS try to start and then die with a file exclusive lock issue if I understand the java console output correctly..

When I get time to figure out where to post this in a NEM forum I will.
« Last Edit: October 30, 2014, 03:09:23 pm by chanc3r »
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Fatih87SK

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Re: Nemstake redemption
« Reply #6 on: October 30, 2014, 12:48:53 pm »

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this
James

  ;D

OMG best Gif ever!  :D :D :D
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kodtycoon

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Re: Nemstake redemption
« Reply #7 on: October 30, 2014, 01:08:38 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James
What part did not work?
If the software is not working for people to redeem then the deadline will be pushed back. You are the first as far as I know that couldn't get it to work.
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zorke

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Re: Nemstake redemption
« Reply #8 on: October 30, 2014, 01:25:07 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James

James I know that you are under pressure with all of your projects and price of your assets taking a beating, as well as BTCD, etc.. But slow down a bit man, it looks like you are loosing it!
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kodtycoon

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Re: Nemstake redemption
« Reply #9 on: October 30, 2014, 01:40:20 pm »

Perhaps notifying the devs of the issue might have been a better thing to do.. It's insane to assume that a deadline would come prior to fixing the software.. Fall he knows a release could have been ready for release that fixed the issue he was having.. Bit of an extreme move..

An extension on the deadline(that hasn't even been announced) would certainly have been given if people notified the team about an issue with the software.
« Last Edit: October 30, 2014, 01:42:56 pm by kodtycoon »
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kodtycoon

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Re: Nemstake redemption
« Reply #10 on: October 30, 2014, 02:08:59 pm »

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

You need to sign your releases and post a hash.

After launch, redemption will be possible for 3 further months. During this period, redemption will happen with reduced equivalences for NEM stakes.

  • during the 1st month after launch: 1 NEM stake is worth 750 000 NEM
  • during the 2nd month after launch: 1 NEM stake is worth 500 000 NEM
  • during the 3rd month after launch: 1 NEM stake is worth 250 000 NEM

As soon as the 3 months are over, not a single NEM stake will be able to be redeemed and remaining NEMs will be available for NEM development.

Why?  How is this fair?  People should be allowed to claim their stakes regardless of the time after launch.

how long did people have to claim unclaimed nxt after distribution? around 3 months wasnt it afaik.
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Djentriser

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Re: Nemstake redemption
« Reply #11 on: October 30, 2014, 03:21:09 pm »

JL777 strange attitude, I feel like there could be more to his selling NEMstakes but maybe Im too much of a conspiracy guy  :o
Im noob but I installed beta without problems.
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jabo38

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Re: Nemstake redemption
« Reply #12 on: October 30, 2014, 03:55:57 pm »

I couldn't get it to work on my Mac. But on windows after I installed the Java update, it was a very simple one click install.

I had messed up so many installs of NXT in the early days (it's all documented in my comment history) and that was post launch. This is pre-launch and was really smooth.

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starfishi

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Re: Nemstake redemption
« Reply #13 on: October 30, 2014, 04:25:41 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James

James I know that you are under pressure with all of your projects and price of your assets taking a beating, as well as BTCD, etc.. But slow down a bit man, it looks like you are loosing it!

I think, james isn´t loosing it :)  He just applies his own standards, and do you know how much a lost day of "fiddling around" for james (and therefor in part our) projects means ?
I was fiddling around 2 days getting to run NIS and NCC correctly ( mainly because of stuck NIS at certain blocks) and other unnecessary errors, like quite a few other people. You can read that mess, among other places, at:  https://forum.nemcoin.com/index.php?topic=2595.45
So, its not that he had to additionaly inform the devs about it . .

Isn´t that understandable, that this makes us nervous ? I, for one, will wait a little more, until i sent my stakes in, until everything is really working for me (granted, i have still vista on a old 32 bit lappy :) here, but it seems to be working now, but i will still test until i´m comfortable to send my stakes, i bought them with hard earned money)

Btw: i have no idea, how i got the NEM-beta running, i just closed and restarted NIS and NCC many times and just left it running the whole day and suddenly NIS is synchronized, yeah !
("BloodyRookie" was talking about a bottleneck . . , so i poured it in a glass ! )

Im`m not even a "simple" C-programmer, so it was just a question of patience for me, but then again, i don´t have the workload, time restrictions and standards as james.

But, james, we and you heard in this thread, from "kodtycoon", that everybody WILL be given sufficient time, to redeem, and that there will be NO technical reasons to not to be able to !

James, you just need an assistent, (possibly a very beautiful and sexy one), who can spend half her day trying to get the trivial things done, and the other half day, she could massage your "neck", while you are coding other serious stuff . . . :)
Seriously  :)

P.S.  I always like it, when i don´t hear from james in the forums, because it means, he`s coding away in the meantime, and enrichens us all !
So, this is not good !


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2Kool4Skewl

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Re: Nemstake redemption
« Reply #14 on: October 30, 2014, 05:48:08 pm »

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

You need to sign your releases and post a hash.

After launch, redemption will be possible for 3 further months. During this period, redemption will happen with reduced equivalences for NEM stakes.

  • during the 1st month after launch: 1 NEM stake is worth 750 000 NEM
  • during the 2nd month after launch: 1 NEM stake is worth 500 000 NEM
  • during the 3rd month after launch: 1 NEM stake is worth 250 000 NEM

As soon as the 3 months are over, not a single NEM stake will be able to be redeemed and remaining NEMs will be available for NEM development.

Why?  How is this fair?  People should be allowed to claim their stakes regardless of the time after launch.

how long did people have to claim unclaimed nxt after distribution? around 3 months wasnt it afaik.

I didn't like that either.

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

You need to sign your releases and post a hash.
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An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
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Eadeqa

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Re: Nemstake redemption
« Reply #15 on: October 30, 2014, 06:11:18 pm »

If people can't figure out how to create an andress in 3 months, they don't deserve a stake anyway. Let them sell it.

Put a solid deadline. What is this "3 more weeks" nonsense?

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starfishi

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Re: Nemstake redemption
« Reply #16 on: October 30, 2014, 06:27:26 pm »

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

You need to sign your releases and post a hash.

After launch, redemption will be possible for 3 further months. During this period, redemption will happen with reduced equivalences for NEM stakes.

  • during the 1st month after launch: 1 NEM stake is worth 750 000 NEM
  • during the 2nd month after launch: 1 NEM stake is worth 500 000 NEM
  • during the 3rd month after launch: 1 NEM stake is worth 250 000 NEM

As soon as the 3 months are over, not a single NEM stake will be able to be redeemed and remaining NEMs will be available for NEM development.

Why?  How is this fair?  People should be allowed to claim their stakes regardless of the time after launch.

how long did people have to claim unclaimed nxt after distribution? around 3 months wasnt it afaik.

I didn't like that either.

you will need to install and run the beta client in order to create your real account data which you can download from here. java 8 is a requirement to run the beta.

You need to sign your releases and post a hash.

Who ?  Me ?   I sign:  "fishi" ,  but i really don´t know how to post "Hasch"  :)

@ Eadeqa : really, what is your problem with 3 weeks ? ? (or more), please weigh : damage (impatience), against gain (distribution) .



« Last Edit: October 30, 2014, 06:57:26 pm by starfishi »
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jl777

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Re: Nemstake redemption
« Reply #17 on: October 30, 2014, 07:04:01 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James

James I know that you are under pressure with all of your projects and price of your assets taking a beating, as well as BTCD, etc.. But slow down a bit man, it looks like you are loosing it!

I think, james isn´t loosing it :)  He just applies his own standards, and do you know how much a lost day of "fiddling around" for james (and therefor in part our) projects means ?
I was fiddling around 2 days getting to run NIS and NCC correctly ( mainly because of stuck NIS at certain blocks) and other unnecessary errors, like quite a few other people. You can read that mess, among other places, at:  https://forum.nemcoin.com/index.php?topic=2595.45
So, its not that he had to additionaly inform the devs about it . .

Isn´t that understandable, that this makes us nervous ? I, for one, will wait a little more, until i sent my stakes in, until everything is really working for me (granted, i have still vista on a old 32 bit lappy :) here, but it seems to be working now, but i will still test until i´m comfortable to send my stakes, i bought them with hard earned money)

Btw: i have no idea, how i got the NEM-beta running, i just closed and restarted NIS and NCC many times and just left it running the whole day and suddenly NIS is synchronized, yeah !
("BloodyRookie" was talking about a bottleneck . . , so i poured it in a glass ! )

Im`m not even a "simple" C-programmer, so it was just a question of patience for me, but then again, i don´t have the workload, time restrictions and standards as james.

But, james, we and you heard in this thread, from "kodtycoon", that everybody WILL be given sufficient time, to redeem, and that there will be NO technical reasons to not to be able to !

James, you just need an assistent, (possibly a very beautiful and sexy one), who can spend half her day trying to get the trivial things done, and the other half day, she could massage your "neck", while you are coding other serious stuff . . . :)
Seriously  :)

P.S.  I always like it, when i don´t hear from james in the forums, because it means, he`s coding away in the meantime, and enrichens us all !
So, this is not good !
"so the earliest deadline possible would be the 11th of november" and also the statement that only partial credit will be given if it is redeemed late, maybe.

I am working literally 30+ hour shifts, sleep 4 to 12 hours, repeat. I can easily lose track of what day/week it is and I have financial responsibility to assetholders of the assets that own the NEMstakes.

I certainly dont have time to be fiddling with Windows and I am not the only one having problems with Mac and also there are Firefox issues. So, given my time constraints and the draconian redemption policy, I have little choice

James
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starfishi

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Re: Nemstake redemption
« Reply #18 on: October 30, 2014, 07:21:22 pm »

I find this unacceptable
I tried to get the beta to work, but it did not work for me even after updating to Java 8. I am quite busy and do not have time to fiddle around with beta software in order to make a claim for what I paid for.

To find out there is a deadline and it becomes worthless after that, well, I have a solution to this

James

James I know that you are under pressure with all of your projects and price of your assets taking a beating, as well as BTCD, etc.. But slow down a bit man, it looks like you are loosing it!

I think, james isn´t loosing it :)  He just applies his own standards, and do you know how much a lost day of "fiddling around" for james (and therefor in part our) projects means ?
I was fiddling around 2 days getting to run NIS and NCC correctly ( mainly because of stuck NIS at certain blocks) and other unnecessary errors, like quite a few other people. You can read that mess, among other places, at:  https://forum.nemcoin.com/index.php?topic=2595.45
So, its not that he had to additionaly inform the devs about it . .

Isn´t that understandable, that this makes us nervous ? I, for one, will wait a little more, until i sent my stakes in, until everything is really working for me (granted, i have still vista on a old 32 bit lappy :) here, but it seems to be working now, but i will still test until i´m comfortable to send my stakes, i bought them with hard earned money)

Btw: i have no idea, how i got the NEM-beta running, i just closed and restarted NIS and NCC many times and just left it running the whole day and suddenly NIS is synchronized, yeah !
("BloodyRookie" was talking about a bottleneck . . , so i poured it in a glass ! )

Im`m not even a "simple" C-programmer, so it was just a question of patience for me, but then again, i don´t have the workload, time restrictions and standards as james.

But, james, we and you heard in this thread, from "kodtycoon", that everybody WILL be given sufficient time, to redeem, and that there will be NO technical reasons to not to be able to !

James, you just need an assistent, (possibly a very beautiful and sexy one), who can spend half her day trying to get the trivial things done, and the other half day, she could massage your "neck", while you are coding other serious stuff . . . :)
Seriously  :)

P.S.  I always like it, when i don´t hear from james in the forums, because it means, he`s coding away in the meantime, and enrichens us all !
So, this is not good !
"so the earliest deadline possible would be the 11th of november" and also the statement that only partial credit will be given if it is redeemed late, maybe.

I am working literally 30+ hour shifts, sleep 4 to 12 hours, repeat. I can easily lose track of what day/week it is and I have financial responsibility to assetholders of the assets that own the NEMstakes.

I certainly dont have time to be fiddling with Windows and I am not the only one having problems with Mac and also there are Firefox issues. So, given my time constraints and the draconian redemption policy, I have little choice

James

James, loosen up, get your assistent, and go to sleep. If you then can, better the other way around, i guess . . . :)
I trust in your genious, but show your strength too, please !



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TwinWinNerD

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Re: Nemstake redemption
« Reply #19 on: October 30, 2014, 07:31:29 pm »

If people can't figure out how to create an andress in 3 months, they don't deserve a stake anyway. Let them sell it.

Put a solid deadline. What is this "3 more weeks" nonsense?



It took hours to open that buggy client on my VM. It can't be the users fault, when they are able to work with ANY crypto software but NEM.

I agree that the deadline situation is shitty.
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