Just a suggestion guys, if there is a lot less than the 3000 registering , do you think it would be beneficial to add to the amount of each stakeholder eg. 1.25, 1.5 or even 2 million NEM ?
A BONUS could be a pleasant surprise for Nemsters who have waited for a fair period of time now.
What do you think? ( nobody would be expecting it )
Just a suggestion guys, if there is a lot less than the 3000 registering , do you think it would be beneficial to add to the amount of each stakeholder eg. 1.25, 1.5 or even 2 million NEM ?
A BONUS could be a pleasant surprise for Nemsters who have waited for a fair period of time now.
What do you think? ( nobody would be expecting it )
I think this was discussed as a possibility, and I'm sure will likely be one of the options to consider once we do determine how many unclaimed stakes there will be. Of course, I assume this will all be put to a community vote once the claiming period is over and we do know how many unclaimed stakes there are.
Another possible utilisation is to maintain a developers group so Nem be in constant devellopment. Of course nota all the stakes.
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No offense but imho that's the worst route to go.
We need to spread NEM wide and far and not give more to the people that already have a lot of it.
No offense but imho that's the worst route to go.
We need to spread NEM wide and far and not give more to the people that already have a lot of it.
I agree with this. I'd much rather see the leftover stakes go towards funding public projects for the NEM infrastructure. Encouraging growth is far, far more important then seeing more wealth get centralized into the (albeit many) hands that initially participated in the NEM distribution.
In order for POI to reach it's potential, people need to be encouraged to spend and earn NEM, this isn't going to happen if people arn't given a chance to actually spend it on goods or services. All NEM is going to be, especially in it's infancy, is just a potential dump or panic buy on exchanges up until this is accomplished.
Lets be honest; Bitcoins real value stemmed from it's underground trades on the dark/deep web, it's this sort of activity that gave it value which gave it the public spotlight it needed - just goes to show that compliance is oftentimes self-sacrificing.
If Bitcoin had nothing to do with the deep net -- and did everything it could to be legal and compliant with all nation laws -- it would've turned to dust long ago.
No offense but imho that's the worst route to go.
We need to spread NEM wide and far and not give more to the people that already have a lot of it.
I agree with this. I'd much rather see the leftover stakes go towards funding public projects for the NEM infrastructure. Encouraging growth is far, far more important then seeing more wealth get centralized into the (albeit many) hands that initially participated in the NEM distribution.
In order for POI to reach it's potential, people need to be encouraged to spend and earn NEM, this isn't going to happen if people arn't given a chance to actually spend it on goods or services. All NEM is going to be, especially in it's infancy, is just a potential dump or panic buy on exchanges up until this is accomplished.
Lets be honest; Bitcoins real value stemmed from it's underground trades on the dark/deep web, it's this sort of activity that gave it value which gave it the public spotlight it needed -- which just goes to show that compliance is oftentimes self-sacrificing. I'd wager if Bitcoin had nothing to do with the deep net, and did everything it could to be legal and compliant with all nation laws, it would've turned to dust long ago.
i agree. there are great things that can be done with the coins. giving more to those who already have, probably isnt the best route to go.. it would be better if we could spread nem very far and wide.
I actually think the devs have gone about it in the right manner so far; the biggest leap was getting precious metals involved.
The more influential people from the precious metals community take notice of NEM, the better off NEM will be, especially now where the gold/silver communities are starting to focus on crypto's in general.
I think the more NEM can make a public affiliation with gold/silver, the more the public eye will notice it, especially as fear and doubt spreads through FIAT.
NXT coins asset exchange is also a very good way to encourage people to buy into, and therefore spend NXT, so it's a very good idea to see a AE for NEM too, especially if said assets are for projects regarding the currency.
I will say that I also don't think original stakeholders should be given any part of the unclaimed stakes (if that decision were to be made, I'd most certainly donate any "bonus" amount back for development or to AltNemo or something).
Having funds in reserve for bounties/marketing/development/etc. is a great thing, even if people from outside the community may look down on it as some form of centralization or unfair distribution.
I actually think the devs have gone about it in the right manner so far; the biggest leap was getting precious metals involved.
The more influential people from the precious metals community take notice of NEM, the better off NEM will be, especially now where the gold/silver communities are starting to focus on crypto's in general.
I think the more NEM can make a public affiliation with gold/silver, the more the public eye will notice it, especially as fear and doubt spreads through FIAT.
NXT coins asset exchange is also a very good way to encourage people to buy into, and therefore spend NXT, so it's a very good idea to see a AE for NEM too, especially if said assets are for projects regarding the currency.
Buy up all the gold and silvers at AltNemo and use them to promote NEM! It would do NEM a lot of favours when AltNemo rolls out its services.;)
Seriously, I would be more inclined to use a large part of the leftovers to promote NEM, whether for marketing or for project development.
In fact, contrary to what you said earlier that Bitcoin became infamous because of its underground activities, this need not be followed anymore and we should instead go mainstream. It doesn't mean bad because whatever it is, drawing and inviting mainstream to our turf means they are embracing Crypto technology, which is largely decentralized. In the end it is still a decentralized system that will only hasten the conversion process from fiat to crypto economy.
Bitcoin has paved the way. It is now our turn to go forth and conquer!
So, yes, I'll vote for marketing, development and getting more to be aware of NEM. Even spending an acquisition cost of 100NEM per new person, if we can get to 100K subscribers, like a stellar effect, 100K would have then heard about us. Converting 1K out of these 100K subscribers means adding 1K more followers to our current pool. 100NEM x 100K is 10NS. That is a small sum.
Some may argue that there is no point in helicopter drop. But if you look at it from the marketing perspective this is important for branding.Yes, Stellar or AuroraCoin may have been opined as doing something stupid, but I beg to differ that they were doing something stupid. Fact is a lot of people are aware of them now and that's what we want. Awareness of NEM. If NEM were to offer more than just a coin, then awareness becomes conversion to real users. That is important.
I would say this. So long there is a great use for NEM, helicopter drop should be considered.
Initial stakeholders and core developers will take the bigger part of NEM in any case. There are other people who deserve a bounty:
marketers
forum moderators and administrators
translators
non-core developers
KkotNEM
Initial stakeholders and core developers will take the bigger part of NEM in any case. There are other people who deserve a bounty:
marketers
forum moderators and administrators
translators
non-core developers
KkotNEM
I think that is a given. I believe we are talking about a potentially large unclaimed sum. The abovementioned is only a fraction of it which can easily be apportioned away. ;-)
It's funny that the user vicvegas007 on here and i think he is mrvegad on btt mentioned giving some NEM out to people who are not involved with crypto currency and he wss shot down, now people are talking about doing just that.
One idea is also to spread some amount of the leftover nem freely to the masses in btt and everywhere. Kind of like a second round for those who missed the first time, but with less nem. Throwing out a lot of free cash(not all of it though) could give attention, and it would still follow the basic idea of nem. There could be a time period, say one month to get on board, and then the sum would be divided along those who have reported themselves to be interested. Of course though, there would be sock puppets and a lot of work. There could also be a different way to distribute it, without time limit for example, but it would be available for the first 1000 or something.
Another idea could be to give some of those left over stakes to some companies if they started accepting nem in return. This of course means that it should be easy to use nem. The companies could also just be some internet vendors. Imagine 500 internet shops accepting nem from early on 
One idea is also to spread some amount of the leftover nem freely to the masses in btt and everywhere. Kind of like a second round for those who missed the first time, but with less nem. Throwing out a lot of free cash(not all of it though) could give attention, and it would still follow the basic idea of nem. There could be a time period, say one month to get on board, and then the sum would be divided along those who have reported themselves to be interested. Of course though, there would be sock puppets and a lot of work. There could also be a different way to distribute it, without time limit for example, but it would be available for the first 1000 or something.
We can do creative giveaways: as an example you must print down NEM logo and take a snapshot of yourself promoting it in order to get 2000 NEM
It's funny that the user vicvegas007 on here and i think he is mrvegad on btt mentioned giving some NEM out to people who are not involved with crypto currency and he wss shot down, now people are talking about doing just that.
I believe giving out just like that is not the right way. It should be for doing something, like a viral thing and it should not be like giving out 100NS. I am against that too. Money must be well spent and results must be with some certainty. There is no free tap and we should stretch the NEM for maximum results.
Giving out to people who are not involved in cryptos as starter is not right because they won't know what to use it for as well as how to use it. Growth must be organic and should start from the crypto crowd.
Until NEM matures as a solid platform with enough offerings that are pertinent to mainstream should we then consider how to touch the laggards in cryptos.
And that begs a question. Why and what would anyone wants to use NEM for? Maybe I should start a new thread and see how stuck we all are or how ingenuous we all are in making NEM a great thing.
Hopefully most people will claim their stakes. That is the best way out of this situation.
I would really prefer that NEMs image remain clean out of this and having left over money will often draw a lot of criticism and screams of "scam, scam, scam!"
In the long run, if there isn't a good and clean way to distribute the NEM, then I think it should be burnt.
If it goes to devs, surely people will scream and yell scam. If it goes to the original stakeholders then surely many people will complain too. (what about the NXT AE stake holders, how is that suppose to be handled?)
I guess if I had my way, I would put it all in one big old account and then have that account controlled by a bot. Once every new block is formed, that bot sends out a message to another account (not really saying anything) and includes a 100 NEM transaction fee for the message. That would basically mean that every harvester would be guaranteed at least 100 NEM for each block they harvested.
By doing this, it is hard for people to scream scam. Basically it would be mining in a kind of PoW sort of way because each block would be guaranteed a certain block fee.
The most exciting benefit of such a block reward system too would be that hopefully more people would run nodes and the network would be supported more and become stronger.
Lets say that there are 10 unclaimed accounts, even though I bet there are more than that. And then the block reward was 100 NEM, that would get us through the first 100,000 blocks. Not bad at all.
If there is even more unclaimed stakes then there could be a system where the block reward halved every 100,000 blocks. Like blocks 0-100,000 get 100. Then blocks 100,001 - 200,000 get 50 and blocks 200,001 through 300,000 get 25 and so on.
It really all depends on the amount of unclaimed stakes.
But… I can tell you one thing, I have forged three next blocks and each time got a fee of 0. That was soooooo frustrating. Makes me not want to support the network. They have some kind of token now that a person gets that is worth 1 nxt, but it is stupid because it would cost me 1 nxt just to try to cash in my token.
Anyway, I like the idea of giving it away to harvesters by a bot so that some kind of fee was guaranteed. It is hard for people to scream scam then.
What I would really like to see is the 100 NEM given out randomly to any node that is online, so that even a person with only 5 NEM could have a chance at the 100, but I am not sure how that could be done. To give it to the harvester would be quite easy to implement and to give it to just a random node would be quite difficult I think.
No offense but imho that's the worst route to go.
We need to spread NEM wide and far and not give more to the people that already have a lot of it.
I agree with this. I'd much rather see the leftover stakes go towards funding public projects for the NEM infrastructure. Encouraging growth is far, far more important then seeing more wealth get centralized into the (albeit many) hands that initially participated in the NEM distribution.
In order for POI to reach it's potential, people need to be encouraged to spend and earn NEM, this isn't going to happen if people arn't given a chance to actually spend it on goods or services. All NEM is going to be, especially in it's infancy, is just a potential dump or panic buy on exchanges up until this is accomplished.
Lets be honest; Bitcoins real value stemmed from it's underground trades on the dark/deep web, it's this sort of activity that gave it value which gave it the public spotlight it needed - just goes to show that compliance is oftentimes self-sacrificing.
If Bitcoin had nothing to do with the deep net -- and did everything it could to be legal and compliant with all nation laws -- it would've turned to dust long ago.
I agree that Bitcoin initially gained traction as a store of value because of its ability to be used in shady underground deals, but I don't think that is the only way a crypto currency can draw value and actually become a real currency. Below is a comment I made on a different post talking about how Bitcoin (or NEM in this case can get past the tipping point)
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To me the most logical cases follow 2 scenarios.
1. Bitcoin becomes really good at international payments. A person will receive bitcoins from overseas and because Bitcions are sitting in a person's wallet and instead of cashing them out for cash, a person just spends them online and saves a bit in fees and exchange rates. Spending bitcoin directly is better than trading bitcoin to fiat for a fee and then spending the fiat. Especially now that a few services are even offering discounts for bitcoin.
2. The undocumented, illegal, and unbanked start getting paid in Bitcoin and then spending it.
Illegal - Part of bitcoins original growth came from illegal sells on the Silk Road. Some of this similar activity might further Bitcoin. Maybe Open Bazaar? But there are other options.
Undocumented - The illegal and undocumented aliens in countries all over the world might adopt Bitcoin to send money home to family instead of stockpiling large piles of cash to smuggle. And/or they start shopping online like the rest of us but start paying in Bitcoin instead because they don't need a name, address and #ID. To do this they need easy access points in and out of bitcoin like the prepaid Visa bought at conveinance store -> Circle option or Bitcoin ATMs that protect there anonymity and privacy.
Unbanked - There is also a huge option for the legal and working but unbanked in the third world. Most people in the world still don't have bank accounts. Bitcoin still had a chance to become their means of digital value store and transfer. In the first world, there are also lots of teenagers that are unbanked or know that their parents are monitoring their bank accounts. For them bitcoin can be a way to do electronic commerce without their parents knowing.
I'm not sure if all of these or just some of them will be the tipping point but when they happen stores will be doing sales in Bitcoin and offer employees options to get paid in bitcoins which will then drive more sales in other businesses. This makes Bitcoin more legitimate.
But it's not very useful going from just fiat -> Bitcoin -> to purchase of something I could have bought with fiat in the first place. Just doesn't make sense. Why? Because I lose money in fees.
Bitcoin being accepted in stores and widely used is its killer app, but it can't happen first because it just doesn't make sense. Some of these other things I mentioned do serve an individual's interest and can help fuel bitcoins wide growth, adaption and use. By serving the individual's interest and making it make sense to the individual on a micro level why they need crytp is important as people will more or less only act out of self interest. Crytpo needs to find a way to be better than other systems of money for the individual bringing them more value.
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So the point is that if extra NEM could somehow be used to facilitate some of the areas mentioned above (but hopefully not the illegal ones) to help get NEM to the tipping point of being used as a real currency, I think that might be a good idea to explore more. Though I think it is a difficult decision and again one that would run into many people complaining.
I really think an extra block reward is the cleanest way to distribute it.
You mentioned air drops and Stellar as good ideas for distribution and that involved giving it out to non-crypto people. Sorry but marketing alone isn't going to bring in the masses, everyone likes a freebie.
It's funny that the user vicvegas007 on here and i think he is mrvegad on btt mentioned giving some NEM out to people who are not involved with crypto currency and he wss shot down, now people are talking about doing just that.
I believe giving out just like that is not the right way. It should be for doing something, like a viral thing and it should not be like giving out 100NS. I am against that too. Money must be well spent and results must be with some certainty. There is no free tap and we should stretch the NEM for maximum results.
Giving out to people who are not involved in cryptos as starter is not right because they won't know what to use it for as well as how to use it. Growth must be organic and should start from the crypto crowd.
Until NEM matures as a solid platform with enough offerings that are pertinent to mainstream should we then consider how to touch the laggards in cryptos.
And that begs a question. Why and what would anyone wants to use NEM for? Maybe I should start a new thread and see how stuck we all are or how ingenuous we all are in making NEM a great thing.