Quote from: ashapasa on March 13, 2014, 08:17:12 PM

Quote from: TauMuon on March 13, 2014, 07:55:05 PM

Quote from: ashapasa on March 13, 2014, 02:06:43 PM

what gives a thing value. Is it utility, is it beauty, is it nostalgia/emotion, is it cultural?
why is a diamond more valuable then medicine. Why is an arsenal win over spurs more valuable to me then $100 but not a $1000.

The Mona Lisa is to me personally worth very little but to an art lover invaluable. It's rare,beautiful has historical emotional value which converts to financial value.

Bitcoin has value because its relatively rare, innovative, has utility and has gained a reasonable amount of trust. Aurora coin has value because it has utility, somewhat rare, speculative value and sentimental value.

What is the most important component for value creation. How would Nem be valuable to people.Sorry I am just daydreaming.

NEM would be valuable because people give it value.

It begs the question, why is anything valuable? The answer is that there is nothing intrinsically valuable about diamond, gold, silver or other precious metals. The idea of 'intrinsic value' is nonsense.

Which begs the question why people apart from us stakeholders give it value Cheesy

. How do we make people fall in love with NEM? Doge was brilliant, it appealed to the better side of human nature. It started by being fun, making fun of the greed culture among miners and being generous. wow its really hard to think of ideas that are effective.

Doge's momentum is based entirely on a joke which, like all jokes, will get old. People will get bored of it (I know I'm already sick of it). It's dead in the water as a legit cryptocurrency far as I'm concerned.

To make a cryptocurrency appealing it needs to be
(a) Easy to obtain and use with a friendly, supportive community.
(b) Offer innovative features that sets it apart and lifts it above the competition
(c) Able to be spent at certain places.

Part (c) is important. What the Bitcoin website and subreddit lack is a huge obvious list of where you can spend your Bitcoin. If NEM were to (eventually) make it really obvious where you can spend your NEM, then people will be more inclined to do so. I think it's important to get across that it is an actual currency and not an investment, or a tool to get rich.