Quote from: jkoil on Today at 12:08:49 PM

Quote from: mjrmac on March 17, 2021, 09:31:04 PM

Quote from: lemonandfriesonetwo on March 17, 2021, 09:12:50 PM

Quote from: BogdanCo on March 17, 2021, 07:26:03 PM

Quote from: DGBfanster on March 17, 2021, 04:45:47 PM

Quote from: mjrmac on March 17, 2021, 01:50:14 PM

bla bla bla

EXACTLY!

This is the problem right? People defending this PnD that just happen in front of their eyes can't concieve that devs are certainly more tech savy and more scam savy than them.

Exit scams are no blatant, otherwise they wouldn't work. Just look into the past, coins like NXT (which gave birth to NEM btw), pyramid schemes like Bitconnect. They all had exit scams not so obvious and delusional people, who hope they will regain their 80% loss in this coin, help them to do the exit scam unknownly because they protect them by default.

Exit scam? Pyramid schemes? Bitconnect? Dude, what are you smoking? NEM has more than 6 years history, so stop with this non-sense FUD.

You seem to have forgotten about the HUNDREDS of SOCK PUPPET accounts UtopianFuture admitted to making after he was found out and gave himself millions in NEM stakes.

Or the fact that the last "foundation" president quit (Laura or something), after extensively giving herself expensive cosmetic surgeries (at the cost of NEM investors) and dumping all her NEM holdings on unsuspecting investors. She works as some marketing agent for another P&D coin now (she started as simple Yelp reviewer and somehow ends up super wealthy after covering for the NEM P&D schemes). No surprise there.

ProximaX seems to have been the victim of bad faith propaganda from the NEM foundation.

ProximaX was telling the truth when they announced taking the code with them (and rightly so, they did most of the work on what was supposed to be NEM 2.0) and parting ways from NEM.
ProximaX wasn't going to let the NEM foundation steal all their work just so they could dump secretly again on unsuspecting investors.

If anyone wants to see the REAL NEM 2.0, look into ProximaX. It was supposed to be released as "Catapult", but after all the drama with the NEM foundation they decided to rebrand to ProximaX in order to distance themselves from the NEM toxic system.

I was just going to answer to BogdanCo about the sock puppets and the foundations but lemonandfriesonetwo was quicker.
bla bla bla was very wrong quote as it skips those quite valuable matters

( blabla is such language which bigger miner boys use to shut up other boys)

About Proximax and exit scams nothing to say Cool

https://bitcointalk.org/index.php?topic=654845.msg27118854#msg27118854

Damn... do not open old wounds Sad

You both DGBfanster and mjrmac may have some of it right, but what else we in BTT can do than trust!?
If we had no trust to utopianfuture, then we have not invested to NEM stakes.

W.C. Fields has said: "Anyone who hates children and animals can't be all bad."
https://www.azquotes.com/author/4795-W_C_Fields/tag/children

From that can be derived one cryptoworld rule:
"Anyone who codes a working blockchain can't be all bad."
(yea, I know that nowadays many criminals have moved from the streets to the net, but still I ("blindly", "stupidly"?) believe that generally coders (me included) cannot be bad people. Right? Anyone agree?)

So, we have trusted to the Devs. Some 100 %, some 90%, some less.
I guess the NEM team has itself admitted that they have done mistakes.

Tho ... in the beginning the Enlarged Dev Funds were unseen.
If I would have seen it coming, my acts were little bit different ... sigh...

There was a lot of blind trust in the early days of crypto unless you had a trustworthy escrow. Most people trusted UtopianFuture and it was a small price to pay and small risk. I trust the Devs and have a lot of faith in them. They have passion for the blockchain and crypto in general, financial rewards aren't as important. Their Dev stakes have been untouched through the bull markets.