Quote from: utopianfuture on March 21, 2014, 07:18:17 PM

Quote from: j23a on March 21, 2014, 07:05:01 PM

Quote from: TauMuon on March 21, 2014, 05:47:20 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.

Think of NXT. They had only 70 stakeholders, some with as much as 4% of the entire supply. Did that fail on day 1 with huge dumping? Nope.

NEM may have more stakeholders cashing out on day 1 than NXT did, but that statistic is meaningless; volume is the key thing here. Because each stakeholder of NEM has a lower % of the supply than the day 1 dumpers of NXT did, the total dumping volume on day 1 could well be much less for NEM, despite the higher number of individual stakeholders selling. Make sense?

NXT did not leave my mind when I made wrote my point. I feel that the difference is that you have 70 stakeholders selling off to a lot of people during a point of a lot interest. Demand meeting the supply. With Nem the situation is different because we have hundreds of stakeholders, and my concern is if hundreds of stakeholders decided to sell at the same time, without the the demand that NXT had.

It's not a huge concern because I feel that the demand will be there, just that that a little precaution is always a good thing. I personally would spread it out over like a two weak period. Spreading it out over a certain period would also probably create a lot of discussion on the forums, which would be promotion.

Again, these are just suggestions to drive thinking about all possibility, rather than just believe one thing and not consider anything else. No one is an expert on reality, so I really wouldn't know how the market would react to this or that.

I would consider slow release but I currently prefer releasing all NEM at once on the launch day. Besides the fact it is easier logistically, it would be very interesting economic experiment for every one. Imagine 3000 accounts are created the same time at launch and each receives 1 million NEM equally and they all start to send/ gift/ exchange hysterically etc. The distribution curve is a flat line at the beginning and start to move over time. Who will sell, who will buy and how much ? Isn't it interesting ? Why should we ruin such a beautiful beginning? NEM launch day should feel like the BIG BANG in the NEM universe so I suggest we should take a breath and watch it unfold in wonder. There is no need to over-engineer a BIG BANG.

Sounds good. I really can't wait to see how things turn out.