I decide to buy some NEM stakes and get confused.
As i understand total amount of issued coins is 9 000 000 000.
Current round of crowdsale offer me 1 gold bullion (10000 NEMs) for 3.6 BTC.
9 000 000 000 / 10 000 * 3.6 =3 240 000 BTC
What calculations wrong?
I decide to buy some NEM stakes and get confused.
As i understand total amount of issued coins is 9 000 000 000.
Current round of crowdsale offer me 1 gold bullion (10000 NEMs) for 3.6 BTC.
9 000 000 000 / 10 000 * 3.6 =3 240 000 BTC
What calculations wrong?
To my understanding the total coins issued is 4,000,000,000 and 1 NEMStake = 1,000,000 NEMS
I think emission will be 8 999 999 999 and one NEMStake = 2249999.99975 NEMS
I decide to buy some NEM stakes and get confused.
As i understand total amount of issued coins is 9 000 000 000.
Current round of crowdsale offer me 1 gold bullion (10000 NEMs) for 3.6 BTC.
9 000 000 000 / 10 000 * 3.6 =3 240 000 BTC
What calculations wrong?
If you mean 10,000 nem in the gold coin costs 3.6 btc, your getting it wrong. 3.6 btc is the cost of production of the gold coins plus shipping and insurance. The 10k nem is a bonus if you ask me :)
Also just to note: with every stake you redeem you hopefully will get 1 silver coin for free. If you redeem 1.5 stakes you will get 1.5 silver coin assets which can be redeemed for a silver coin.
I decide to buy some NEM stakes and get confused.
As i understand total amount of issued coins is 9 000 000 000.
Current round of crowdsale offer me 1 gold bullion (10000 NEMs) for 3.6 BTC.
9 000 000 000 / 10 000 * 3.6 =3 240 000 BTC
What calculations wrong?
If you mean 10,000 nem in the gold coin costs 3.6 btc, your getting it wrong. 3.6 btc is the cost of production of the gold coins plus shipping and insurance. The 10k nem is a bonus if you ask me :)
Also just to note: with every stake you redeem you hopefully will get 1 silver coin for free. If you redeem 1.5 stakes you will get 1.5 silver coin assets which can be redeemed for a silver coin.
I'm not sure this whole coin thing is set in stone. I for one think it's worth re-thinking this as it's not exactly a no-brainer to spend stakes on giving people more and more.
PS: Your post says it's been modified by me because i clicked modify instead of quote at first. I didn't actually modiy anything though....
I decide to buy some NEM stakes and get confused.
As i understand total amount of issued coins is 9 000 000 000.
Current round of crowdsale offer me 1 gold bullion (10000 NEMs) for 3.6 BTC.
9 000 000 000 / 10 000 * 3.6 =3 240 000 BTC
What calculations wrong?
If you mean 10,000 nem in the gold coin costs 3.6 btc, your getting it wrong. 3.6 btc is the cost of production of the gold coins plus shipping and insurance. The 10k nem is a bonus if you ask me
Also just to note: with every stake you redeem you hopefully will get 1 silver coin for free. If you redeem 1.5 stakes you will get 1.5 silver coin assets which can be redeemed for a silver coin.
I'm not sure this whole coin thing is set in stone. I for one think it's worth re-thinking this as it's not exactly a no-brainer to spend stakes on giving people more and more.
PS: Your post says it's been modified by me because i clicked modify instead of quote at first. I didn't actually modiy anything though…
Ah ok… No worries thanks for the correction.
Thanks for clarifying. I actually don't need gold… So i need to go to NXT and by 0.1 for ~4500 NXT.
So correct calculation is:
9 000 000 000 /1 000 000 / 0.1 * 4500 = 405 000 000 NXT * 0.017 = $ 6 885 000. Correct?
So i have 3 questions:
1. I didn't find anywhere Proof-of-Importance detail description (paper)
2. Does NXT tokens still redeemable?
3. Could somebody could send me some real tokens to test out live system
NAADRI-VCRTS6-RWAGEZ-UUXBGD-V4MBMH-CX72MZ-DG4A
Public Key
b5fec758e94357d1c58a92598fd59fe42eff22ca064f0308fbd27ce74e6d6b43
Hey guys! I still need your help and answers before i put my money and time. Regards
Thanks for clarifying. I actually don't need gold... So i need to go to NXT and by 0.1 for ~4500 NXT.
So correct calculation is:
9 000 000 000 /1 000 000 / 0.1 * 4500 = 405 000 000 NXT * 0.017 = $ 6 885 000. Correct?
what is it your trying to work out? the valuation of nem?
So i have 3 questions:
1. I didn't find anywhere Proof-of-Importance detail description (paper)
2. Does NXT tokens still redeemable?
3. Could somebody could send me some real tokens to test out live system
NAADRI-VCRTS6-RWAGEZ-UUXBGD-V4MBMH-CX72MZ-DG4A
Public Key
b5fec758e94357d1c58a92598fd59fe42eff22ca064f0308fbd27ce74e6d6b43
1) there isnt any detailed description released as of yet as the details are still secret.
2) yes the NEMstake tokens on the AE are still redeemable and will be for some time.
3) just getting my client running now so il send you some testnem asap. also the public key is not required.. (we're not nxt.. ;) )
hope that helps. :) apologies for not getting back sooner. do you need any info on how to redeem your nemstake or are you ok with that?
3. Could somebody could send me some real tokens to test out live system
NAADRI-VCRTS6-RWAGEZ-UUXBGD-V4MBMH-CX72MZ-DG4A
This is not a testnet address, but a real account address. Testnet addresses start with "T".
Thanks for clarifying. I actually don't need gold... So i need to go to NXT and by 0.1 for ~4500 NXT.
So correct calculation is:
9 000 000 000 /1 000 000 / 0.1 * 4500 = 405 000 000 NXT * 0.017 = $ 6 885 000. Correct?
what is it your trying to work out? the valuation of nem?
Yes! I still do not understand present and future valuations...
Thanks for clarifying. I actually don't need gold... So i need to go to NXT and by 0.1 for ~4500 NXT.
So correct calculation is:
9 000 000 000 /1 000 000 / 0.1 * 4500 = 405 000 000 NXT * 0.017 = $ 6 885 000. Correct?
what is it your trying to work out? the valuation of nem?
Yes! I still do not understand present and future valuations...
My crystal ball needs some magical recharging, so I can
So i have 3 questions:
1. I didn't find anywhere Proof-of-Importance detail description (paper)
2. Does NXT tokens still redeemable?
3. Could somebody could send me some real tokens to test out live system
NAADRI-VCRTS6-RWAGEZ-UUXBGD-V4MBMH-CX72MZ-DG4A
Public Key
b5fec758e94357d1c58a92598fd59fe42eff22ca064f0308fbd27ce74e6d6b43
1) there isnt any detailed description released as of yet as the details are still secret.
2) yes the NEMstake tokens on the AE are still redeemable and will be for some time.
3) just getting my client running now so il send you some testnem asap. also the public key is not required.. (we're not nxt.. ;) )
hope that helps. :) apologies for not getting back sooner. do you need any info on how to redeem your nemstake or are you ok with that?
1) Thats the worst thing in project. As i understand security algorithm based on [url=https://en.wikipedia.org/wiki/EigenTrust]Eigentrust and motivate nodes to optimise importance of itself for the network. Eigentrust is based on fake downloads. But here we have no downloads at all. That is definitely not our case. I like the idea of "node's importance" - anyway it has great potential, but success will depend on implementation of this importance metric. And i believe this algorithms should be open to discussion. Frankly i don't understand how there is so much NEM shareholders without understanding this basic principle of future network. If devs have concerns about early forks so paper should be released. That is best practise. Satoshi didn't worry about it when releases his paper first. Dan didn't worry. Vitalik also. Otherwise - they was able to attract more engaged community who understand power and impact of network effects. What happens here is BAD and sets big concerns about declared principles of financial freedom, decentralization, equality and solidarity. I would like to hear clear answer from founders.
2) How to redeem? I didn't find any instructions.
3) My NIS don't want to connect for some days already. I will post testnet address as it happens.
Thanks for clarifying. I actually don't need gold... So i need to go to NXT and by 0.1 for ~4500 NXT.
So correct calculation is:
9 000 000 000 /1 000 000 / 0.1 * 4500 = 405 000 000 NXT * 0.017 = $ 6 885 000. Correct?
what is it your trying to work out? the valuation of nem?
Yes! I still do not understand present and future valuations...
My crystal ball needs some magical recharging, so I can
...
2) How to redeem? I didn't find any instructions.
...
You're kidding me right ?
I don
...
2) How to redeem? I didn't find any instructions.
...
You're kidding me right ?
You are right :-) I was too lazy
I don
I don
I don
I don