Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
Thingamajig
on 27/01/2014, 05:01:34 UTC

Dude if all the accounts are owned by exactly one person per account or a few people opened multiple accounts it makes no difference to your one stake. You will get around 1m, whatever people do that's why its not worth envying others and just be grateful you have this opportunity.

You obviously didn't understand the criticism. If this coin is modeled on fairness how is it fair that some people can claim more stake than others?

It doesn't matter that the amount of stake doesn't change. The fact is if someone gets 20x stake, his value is 20x that of mine.
I get 1 million and some unethical person gets 20 million? it also devalues the value of everyones stake. If we have 3000 stakes but only 2000 users then we have lowered the value (inflated) our stake by 50%

Isn't that quite obvious?
Every single fake account devalues your stake. That is so painfully simple I can't explain it any more straightforward.

Also, someone who's likely going to go to such lengths will also be untrustworthy with their large stake. Likely selling out and ruining a market before it's even taken off.

I think at the very least, the creator should stop people from asking for a stake if they made their account AFTER the date of the thread.