Quote from: awais3344_1 on February 17, 2018, 02:41:49 PM

Quote from: sprinkles on February 17, 2018, 02:30:46 PM

Just found this and it looks like a real gem.

Attempting to acheive an equal and fair distribution is certainly no easy task on the Bitcointalk forums with so many people owning multiple accounts to take advantage of any airdrops that come up.

NEM is without doubt the greatest airdrop that we have seen and I was fortunate enough to be in the right place at the right time when NEM was announced. Things did not turn out so lucky for me with NEM however in the end.

The NEM registration process was very open and only required a post expressing interest for the first 4000 accounts I seem to remember. This process still took a while as there were not anywhere near as many people around back then. I think that beyond the first few pages of the thread, very small but increasing NXT donations were required. The open nature of the stake claiming of course led to a lot of people making multiple claims with different accounts.

The earliest price I remember for NEM was that people were trading stakes for around 30 LTC in an OTC thread. When it first listed on Poloniex it was around 150 satoshi/NEM. This was about 2.5 BTC per stake. For anyone holding multiple stakes this was a massively easy sell and so the price began a downward grind all the way to 30 satoshi. Sadly for me I sold all my NEM at around 75 sats for a grand total of around 1.7 BTC. Sad

NEM wasn't very long after the Communitycoin and Sharecoin projects which were fully distributed via Bitcointalk and it did seem at the time that NEM was going to follow the price trajectory of these coins which ended up worthless. My son was born around this time and I went into crypto hibernation and never really looked back on the NEM project after selling. This was a harsh lesson and I now always hold a bag of any coin, just in case!

With the parallels Nevra will have with NEM in terms of the distribution, it makes a lot of sense to fork the NEM code base as a starting point. As well as the fact that the tech behind NEM actually turned out to be pretty awesome. It's quite interesting that NEM was originally going to fork NXT to make a more fairly distributed version of that coin. Maybe someone will fork Nevra in a few years to try and iron out anything that doesn't go quite right with the distribution method here.

If this project can manage to get these stakes in the hands of something close to 1000 unique individuals then it will be quite an achievement and something that I'd really like to be involved in. Maybe it will allow me to put my NEM demons to rest!

Something like that also happened to me. I was part of the nem token distribution and you only had to send $5 to get a stake in the nem token. I kept up with the NEM token for quite sometime, until I was fed up of declining prices of the token and finally I sold it for 0.8btc or even less. Not realizing that was the only bottom NEM has ever reached. I was under a debt to somebody and I had to give up on those coins as I couldn't bring myself to take more debt in hopes of NEM token going bigger. (ShareX and communitycoin etc were dying in those days, due to the lack of general public interest). Now the dynamics of cryptocurrency markets are different and I have high hopes with XEV. I think this coin will stand out of the crowd if it can overcome the common problem of distribution. I believe even the NEM was victim of sock puppets. Don't you think?

This was also the time when NEM stakeholders were sent fake emails pretending to be NEM developers. And I got phished out with it too. And was used to send emails to more stakeholders. Also the why I have a negative trust.

I think there are a lot of us that made the same mistake with NEM.
But we are all responsible for our own investment decisions and must live with them.
Respect to those stakeholders that held all the way up to Lambo levels who saw the true potential of NEM technology.
Can't help but wonder how things might have gone if there weren't so many sockpuppets dumping the price during that first six months of trading but I doubt I'd have held all the way up to $2!
Good luck with clearing up your negative trust issue.