Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
KingCole
on 06/03/2014, 15:57:03 UTC
Quote from: patmast3r on March 06, 2014, 03:29:51 PM
Quote from: CurtainsRoverrated on March 06, 2014, 03:25:48 PM
Quote from: patmast3r on March 06, 2014, 03:03:29 PM
wow so eager to sell stakes. Wtf ?!
If this is what we can look forward to when NEM hit's an exchange then good night.

I fail to see how that's a bad thing?

People want to sell their NEM stakes = NEM already has a value. If there is a lot of selling on an exchange then it means the distribution will increase even more.

Hoarding coins for as long as possible isn't intrinsically good, and selling coins as fast as possible isn't intrinsically bad. It's just market movement. Besides, isn't PoI being developed for NEM specifically to encourage spending/selling NEM?

POI is supposed to give incentive to use NEM regularly. Dumping a fuckload once will prob not be considered important to the network.
I didn't actually state that it was bad (won't say it's good either) just that I was suprised to see it already.

Easy to take a dim view on this and how the philosophy of NEM, UP and others can be overturned. I believe this is a very small minority, the stakeholders are several thousand in total and these early "offers" are less than a dozen. Wait until the community has something to get behind for the masses that aren't developers and then we'll see if NEM is different.

KC