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Concerning pricing of NEMcredits on Nem AE:

Let's say i borrowed 100000 NCR. I need to buy a certain equipment for realization of my business, my idea in the outside world. What do I do? I put up for sale 100000 NCR on Nem AE. And when from me they aren't bought the whole week, at me in number of them remains already 99000 NCR. Thus, time at me their quantity decreased as each 7 days time of automatic payment of the commission comes to 1%, I am compelled to put the price 1% higher of Nem AE. Thus from week to week the price of NEMcredits of Nem AE will be higher and higher. as will induce people to buy NEMcredits for XEM from people to whom the credit was issued. They on these means will build various new services for NEM.

Here it will work everything so.

I´m sorry, but can anybody explain this to me in one language. Thanks. Really, sorry, but i can´t follow., peep, peep
Overload

You´re right, i´ll rather learn russian first . I would love to join your forum, but thats another nogo, languagewise, sorry.

I'm russian speak nemster. We're russian nemsters. Our russian NEM thread : https://bitcointalk.org/index.php?topic=455591.msg11460857#msg11460857

My head hurts........I cannot make head or tail of it either.
Can you explain it in steps like these:
1. Person A lends money to Person B (interest free)
2. Person B pays every 7 days to Person A 1% back of borrowed money
3. .......

+1

Yes.

1. Person A emits a credit asset. Initially he can determine time (hours) and percent (1%, 2%, etc.).
2. Person A lends money to Person B (interest free).
3. Person B pays automatically every 7 days (168 hours) commission of to Person A of 1% of back of borrowed money.

How it works?

1. Person A issued the credit of 100000 units of Person B, under 1% of the commission each 168 hours (7 days). Interest free.
2. Person B pays automatically every 7 days (168 hours) commission of to Person A of 1% of back of borrowed money.

In this case, Person B will pay 1000 units 168 hours later. Or it is less if it spends these units. From all issued credits of Person A the 1% of the commission returns each 168 hours. Thus all units will be credit and will constantly come back on 1% each 168 hours to the issuer i.e. Person A. Everything, without exception.

It was the example with the commission of 1%. It is also possible to give out under 2% of the commission in each 168 hours. Here twice quicker the issued credit automatically from all issued credits will come back Person A. But also money such will be quicker withdrawn from an economy turn in favor of that who issued the credit i.e. Person A.

Sounds like a very good idea, but I have some questions:
- How can Person B use all the "money" if he needs to start pay back so quickly (after 7 days)?
- What if person B needs more for paying back?
- Can person B borrow money from several creditors (person A1, person A2, etc)?
- What if person B cashes out all the money, how can 1% (or any other percentage) be paid back automatically to person A?
- Can person B run away with the money and not pay back anything?
- Is there also an option for person A to optin to become a shareholder of person's B business and receive profit instead?
[/quote]

- How can Person B use all the "money" if he needs to start pay back so quickly (after 7 days)?

It has to as it is possible to start quicker the realization business of idea for NEM. It is best of all to take proceeds of credit with a certain stock in order that means lasted for business realization means so far come back on 1% a week.

- What if person B needs more for paying back?

It can always take additional resources if they aren't enough for it.

- Can person B borrow money from several creditors (person A1, person A2, etc)?

Yes, it is possible if all of them not against to issue it the credits. Same different assets will be if different creditors. Each creditor has the credit asset connected to the Nem AE market.

- What if person B cashes out all the money, how can 1% (or any other percentage) be paid back automatically to person A?

In that case the new owner of a credit asset pays from balance of an asset 1% the commission in a week to the founder of an asset, i.e. the creditor.

- Can person B run away with the money and not pay back anything?

No, can't. It can only take the credit and sell it at the market price on Nem AE for XEM and disappear. But it won't exempt the new owner of a credit asset from payment of the automatic commission of 1% a week to the creditor.

- Is there also an option for person A to optin to become a shareholder of person's B business and receive profit instead?

Such option is possible that the creditor could open joint-stock company and all shareholders gained income from the issued credits by number of actions. Here already to the discretion of DEV as they want. But I think it there will be a sensible idea to own all society through actions.