Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Thread - Redemption ends[Updates&Discussion]
by
patmast3r
on 10/03/2015, 19:05:52 UTC
Are the 4000 stakes being reduced inline with the number of socks taken out? Or do the devs/marketing/bounties etc. just keep more of the stakes (2433.5/4000)?

Just me being ignored then  Cheesy

The latter. And you can believe that everyone involved hates the fuck out of that.

wait a minute, your saying that the developers will be holding 60% of total NEM?Huh

They will be holding whatever is left after extended redemption. Emphasis is on holding. They don't own it and in fact it's all going to be in funds that have a specific purpose. A huge chunk will be in a community led fund and of course it will also be used to ditribute NEM further through bounties and what not.
I don't like it either but it's not like there was much of a choice.

And plz don't say we should have burned it.