Re: [NEM] NEM -New Economy Movement - No Envy Movement

For any posts BEFORE page 81, any NXT/BTC account that has been used to submit buy-in more than once should be reviewed. If tied to multiple accounts, refund all transactions after the first and mark the user accounts of all the subsequent requests as ineligible.

No we don't apply a new law retrospectively since it will ruin NEM's reputation.

Not in my opinion. It is in your FAQ...

4. How could you prevent multiple buy-ins ?

In short - We can't. Multiple buy-in will be possible with multiple accounts. We also want you to have the ability to buy a NEM stake for your loved ones so they could all join the movement. However accumulating many NEM stakes goes against NEM's principles of fairness and equality, therefore the development team reserves the right to refund you the money if an effort to unfairly accumulate NEM stakes is discovered.

Think the NEM reputation is taking a pretty big hit on this already.

Not as applying new law retrospectively, imho.

Understood. Just as an FYI, I did recommend to a few people that they get in on this. I have since told them that if they haven't already, not to bother. At this point, it's not much different than NXT anymore. At $5USD it was just a lottery ticket. At $20 it's not worth the effort if we see the same concern.

Disagree. As I explain here "Yep, the fundraising has some incentives built in so probably not perfectly fair. But when we start the genesis block, every stakeholders have an exactly equal footing- the term "completely fair distribution" indicates the fairness at genesis block not at the fund raising. That's being said NEM fundraising is still much better than some other cryptos". NEM fundraising is very different model from any other crypto to date.

To be honest, the project is very well funded by an amount much bigger than the fundraising here;I have guaranteed that the fund raised here won't be touched until we launch the genesis block.