Quote from: patmast3r on November 17, 2015, 12:04:39 PM

Quote from: mill0601 on November 17, 2015, 11:59:40 AM

Quote from: mill0601 on November 17, 2015, 11:56:11 AM

Quote from: kelsey on November 17, 2015, 11:51:39 AM

Quote from: jabo38 on November 16, 2015, 03:24:29 PM

Quote from: kelsey on November 15, 2015, 02:11:02 PM

now maybe i'm behind in all the goings on here, but is there a decision and breakdown of said decision on what the remaining coins are earmarked for?

i did see something on the nem forum, but yeah seemed unrealistic figures for such small time things as android wallets etc, so i guessed it wasn't a set in stone breakdown? ie why be in such a hurry to get rid of coins on projects and thus massively devalue xem?

This is the blog you are looking for to get you up to date. http://blog.nem.io/update-sustainability-fund-final-redemption-numbers/

We spent a lot of time trying to be very careful and transparent as possible as we planned this. There are links for the accounts that go to the block explorer. The main account that has been spent from is the mobile/NCC fund of which more than half is left, and we have almost finished paying for the apps so the good news is our budget worked out fine and will be able to continue to support development after the apps are released.

On that note. A new iOS version was released today. Testing is going well. It is now more about working out the last bugs and getting the final tweaks in at this point. It's been a long 9 months. Much longer than we first thought.

yes i've seen the breakdown, very surprising, the amounts given for each venture Shocked

in my thinking significantly devalues the currency (not that giving it away, and much of that being gamed already didn't).

and why the hurry? like a global supply of currency should at minimum be kept funding the projects for a decade +.....if the goal is a usable global currency, and i would have thought the reason why there is so many billions of XEM is for that purpose?

i mean 329,599,242.98 XEM simply for a mobile app Huh

also is the funds in each category going into the various developers pockets? so therefore simply to be dumped on the market in order to receive remuneration?

Jesus that greatly devalues xem. Not to mention yes it will be dumped and absolutely destroy the price.

Lets say they could sell it all at current price that would be $37000 for a mobile app? Absolutely rediculous. Xem is over this is the nail in the coffin.

Just shows that you have no idea how much something like that costs. I've seen WAY MORE expensive apps. It sounds a lot but it really isn't all that much. It should have been out months ago but that's about all the criticism one can have right now. The price is absolutely sensible.

Also the market situation is always being considered when XEM are sold. Noone is going to dump huge amounts to pay for somehing.

mines no troll it was a genuine response not based at all on any fiat price but based around the cost in terms of the entire supply of XEM, paying that much of the total supply of what is designed to be a global currency is a serious concern., and does undermine XEM potential as a global currency (just as any insta/premine for development does in normal pow coins)