Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
suky321
on 28/02/2014, 13:52:02 UTC
What do you guys think of the spike Auroracoin has had. I knew I should have mined it when it came out.

It's big because of the potential promotion, by giving half of all coins to everyone in Iceland. We have to think of something that can make Nem this big so early on. The 3,000 stakeholders helps and puts us at a better position than most coins, but we need something even bigger. Something that will make the cryptomedia talk about us the same they're doing with Auroracoin.

Me too, but my wallet would not sync so I gave up Angry. I think its a bubble just like the earlier vertcoin spike. What do you think people of Iceland would do with the coins they receive, they cant spend it on any goods. Most people will not even use it thinking its a gimmick and those who do will sell it for Bitcoin to actually buy stuff.

I would not buy it now, price is way too high ( But what do I know). I guess we can declare NEM the crypto currency of Zimbabwe  Grin and hope Robert Mugabe does not execute poor UP and dev team  Grin

I was thinking something similar, that they won't know what to do with it. Though there are going to probably be thousands who will give it a try.

But I'm talking in terms of promotion, something that can get Nem noticed just as much.

Also, we need as many merchants as possible whom will accept NEM as a currency, so that people have something to do with it once they've got their hands on it.  It's going to be hard to have mainstream acceptance, unless the currency has multiple uses.