Quote from: patmast3r on March 21, 2014, 04:13:29 PM

Quote from: j23a on March 21, 2014, 04:02:02 PM

Quote from: rusty_coin on March 21, 2014, 12:23:20 PM

I don't know exactly what the plan for NEM distribution is, but it might be interesting to give people the option to either receive it as one transaction, or receive it over time in smaller transactions. If we encourage that later option, then I believe it would be better for the future of the coin, since it will mean there will be less to dump on the market on day 1.

For example, you could decide that you are going to give every stakeholder 5000 coins on opening day, or 450 coins a month for 1 year. Taking the second option would not only show that you support NEM for the long-term, but you'd also get an 8% bonus.

I'm also very afraid of people dumping on day one, because a lot of people will try to sell them. There's just too many stakeholders.

Perhaps such a solution of not giving out all the coins at once would be a good thing. Maybe not for a year, but something flexible, that takes into account whether people are dumping them.

I know the idea sounds horrible, but it's just an idea to work with.

Maybe something like eMunie, that releases the coins to the stakeholders based on demand.

I just wouldn't want the price to go massively high on day one, just so that the price could drop by 20x, and having the people who bought at the highest point losing 20x their money, followed by the price staying down, because as soon as the price goes up a little, the new people who got into Nem will start immediately selling due to fear of another massive price drop before they can sell.

There is always goign to be some dumping but that doesn't necessarily affect the long term success.
If we keep up the momentum and keep building the community than I really do believe that NEM can be a huge success. Like I said. I have never ever seen such a professional team behind a crypto but maybe that just never usually surfaces. It is amazing whats being done and worked on and I'm really stoked about the things that are yet to come.

Spread the word and make the world a nemtastic place Wink

I also never seen such a professional team behind a coin for.

Maybe Ethereum gives a certain impression, but they just really seem more contrived.

Also my concern really the public buying Nem during a massive pump, followed by a huge price drop, causing them to lose big time. My dream would be for a steady price increase.