Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
TaunSew
on 23/11/2016, 02:17:38 UTC
That "fella" had at least 3 million XEM.  What you suggest is no different than saying bail out for bankers, rich and elites.  Good riddance to him.  We should be focusing more on the ordinary man, not the new bankers of crypto.  

At this stage of the game it's still microscopic and it needs to be supported. There's no more than a few thousand people involved and anyone getting wiped out costs NEM an ally.

3 million coins doesn't make anyone a psychopathic bankster. It was a few grand. And it would've eventually been spread far and wide. Someone with that much skin in the game is going to work a little harder than some guy on Poloniex with 500 XEM on his balance.

guys i need no support to get back the 3 million XEM
all i wanted to say is that as someone understand correct

XEM in fact have a deflation

with zero new coins generated and more and more coins overtime will become non-access-able
only gods know how many initial shareholder for example already lost access to their coins
not all of the coin spread group where experienced crypto users and chances are high many lost access to their coins

in fact i was lucky and recovered most keys beside one so the loss for me is just a lessons learned to have more frequent and better backups

may this be a warning for that of u who didnt backup in a while....


I've had quite a few tell me they lost their coins and that we should give them a new stack. :-) It's not going to happen.

There should never be a bailout for holders.  Ethereum is a failure in integrity.  Ethereum classic will always be classic.  Ethereum on other hand can fork indefinitely and even decide to arbitrarily seize and liquidate holders.  Maybe Ethereum foundation can issue a "tax" on holders to fund itself.  Another way, more stealthily, is to give themselves a considerable percentage of PoW / PoS for free.

We almost need to invent a scientific term in the crypto community - something like litmus test or grandfather paradox but for capitalizations following big scandals like MtGox and DAO.  Bitcoin has yet to recover to MtGox $1250.  Ethereum has yet to recover to its' high of $15 before DAO.  I don't think BItcoin nor Ethereum will ever recover to their former glory and  yet, because the market can't rationally decide to move on, we're essentially frozen in time until a big actor bets on a newer horse.

Worse yet, when those big actors bet on intellectual masturbation organizations like R3, which is all talk and no work.


How many years does it take before people realize the old capitalization will never been recovered?  Well it's been almost 3 years since MtGox. . .