Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
hydkyll
on 14/02/2014, 00:30:03 UTC
...

Agree with the comments. I have been thinking what can be do to give value to NEM beyond the still restricted world of crypto currencies. Maybe, if the development can introduced the idea of NXT's coloured coins and assist's exchanges in straightforward way, I guess it can be more easy to establish markets in which NEM can be used to buy/sells gods and thus transfer value to the coin. Thus, one of the markets that NEM can exploit is those agricultural products under the denomination of Fair Trade. Quite often, those products are sealed by small cooperatives of farmers in third developed countries. I envision in the near future that NEM, thanks to its egalitarian character, can be used by small communities or cooperatives to interchange its products in a fair way, without the intromission of intermediates that inflates the prices on their benefits

Yes these things are important but I feel the initial distribution is still somewhat of an issue. It's what should distinguish us from NXT, an IPO with legitimacy. And I don't think 3000 share holders are really enough for that. I understand that more might not be manageable but there are also other ways of distributing coins other than giving them to the shareholders. I think Freicoin had some good ideas here. They have this program where you can donate coins to some non-profit organizations and they add extra coins to your donation from a fund (see here https://foundation.freicoin.org/#/donations). We could get some very good publicity if NEM had something similar.