Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
erkki12
on 09/02/2014, 12:56:43 UTC
Nice post yurkomik. I like your ideas very much, I too think we need a market where we can trade/buy real goods with NEM. Without a proper market, NEM is just another dead coin in the long-run( 1 yrs?)  

As of this moment, two events are likely to happen with the release of NEM
Scenario 1: NEM gets released, people start to rush to dump their coins to make a quick buck leading to a dead cypto.
Scenario 2: Most people hoard their coins for forging, unintentionally  artificially inflating price ( NXT?) but susceptible to big price volatility with the smallest trade activity,rendering the currency useless.

Money was created to facilitate trade between goods and services, with cryptos we are creating money without goods and services. 99% of all alt currencies will be dead in a year all due to lack of a market, lets make NEM the exception to the rule. We really do need participants for this experimental currency to succeed not silent stake holders.

Let me be one of the first to volunteer , My name is Pasang I own a small hotel in Bhutan. I could offer my rooms in NEM but since most of u guys are probably not in my locality it would be pointless, instead I would be willing to post 10 items for sale every month for sale priced in NEM on its release for the next four months to get the ball rolling.

I hope more of you will join me in this endeavor, We are all potential NEM coin millionaires and now it is up to us to make this million actually worth a million or just worthless digital numbers.  

 

Great point! This might be a bit early since no concrete technology behind NEM yet, but still we need a possibility to buy real life stuff with NEM.

Once nem lauches ill be willing to support  all retailers who start selling services/goods through nem (and I'm sure many more people will support too)!