Quote from: fragout on January 10, 2020, 12:22:19 AM

Quote from: gramufibus on January 09, 2020, 06:41:57 PM

Quote from: satb on December 10, 2019, 10:34:00 AM

From the final development contract notice dated March 31st 2015 (https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view)

2.1.2 Silver Coins for Distribution to Initial Stakeholders

Based on community consensus, physical silver coins will be minted and distributed
to initial NEM stakeholders .

The silver coins shall be distributed as an asset (colored coin), effectively giving all
initial stakeholders a parallel, silver-backed digital currency that shall reside on the
NEM blockchain. To claim one physical silver coin, one whole silver coin asset is
needed.
Note: The execution of the silver coin project is not guaranteed and will only proceed
providing that XEM market cap and liquidity are sufficient to cover the expenses with
the allocated stakes. If this condition is met, all initial stakeholders will be issued
their silver coin asset. If the allocated stakes do not reach a high enough value to
fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is
released, the complete fund will be transferred to the community fund. "A high
enough value" can not be exactly fixed at this time, but to get a feeling: it is
estimated that the fund should reach at least USD 260,000 to be successful.

There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund

Even at today's price that is worth approx $7.5M (more than the $260K noted above).

If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each.

I hadn't read this, or perhaps I just forgot. Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy. As much as it would be great to just split up the xem and send send it to original stake accounts, it seems like adding the silver fund to the community fund is inevitable.

I agree the actual silvercoin thing is not a runner anymore but the fund should then be given back to the original stakeholders as it was taken from their original allocation in the first place.
What I suspect will happen though is noting and the fund will rot in the old Nem chain. The new catapult chain will have no such allocations. So they will grab all the dev funds, silvercoin funds, unclaimed stake funds and every other coin that is not claimed on the new chain.
The big flaw in their logic though is they will probably end up killing the whole Nem project and all these millions of coins will be worth zip.

They already killing it slowly. Price is dropping and people dumping every day this coin

https://global.bittrex.com/Market/Index?MarketName=BTC-XEM