Ninjastic
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Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
patmast3r
on 13/04/2014, 16:51:48 UTC
Quote from: sevenyears26 on April 13, 2014, 02:00:28 PM
Quote from: patmast3r on April 13, 2014, 01:43:15 PM
Quote from: sevenyears26 on April 13, 2014, 01:38:57 PM
Quote from: patmast3r on April 13, 2014, 08:25:16 AM
Quote from: ashapasa on April 13, 2014, 06:37:25 AM
Quote from: utopianfuture on April 13, 2014, 02:26:01 AM
We want a multi-pool for NEM. Agree ? Who can help ? Smiley

What do we need to create  a multipool?

I'm not sure how i feel about a multipool for NEM.

Should we really support the waste of energy just to maybe get some miners on board ?
Is that really going to do much good for the value of NEM ? (no idea about this one)
Why would anyone use our multipool if they can use anyother pool and then wait for a good price to exchange ? (are we going to somehow provide benefits like better prices or alike ?)

When I heard that NXT was doing something like that all i thought was that they completely threw the "green" out the window.

I think you've missed the point of the multi-pool a bit.

A multi pool will use the hashing power of the community to mine other alt-coins which will be sold for bitcoin. The bitcoin will then be used to buy NEM which will theoretically increase the price of NEM. I can't think of a good reason not to do this. Its only a matter of time until ALL new alt-coins catch on to this and we are in the prime position to make it happen now.

Did you even read my post ?

Yes I did. I think my reply went off course I apologize. I mean to say that the people using this multi-pool aren't going to be using it just as a multi-pool. They will be aware of its purpose, and contributing in order to increase the price of a coin that they own. Even non-stakeholders will see this as important as they can contribute to increasing the value of coins they have just purchased. Using a multi-pool to mine alt-coins is one thing, but using it for this purpose is pretty genius. With more NEM being purchased at a steady rate this will increase the value of NEM. I witnessed blackcoin do this with my own eyes. I actually own some. As for the green aspect my personal opinion is that very very few people actually care and it will have little affect. It seems more like legacy idea that was used to make coins stand out in the past.

No need to apologize Smiley
I understand where you guys are coming from and I can see how it could have a positive effect.
For me personally however the green aspect is very important. If NEM is worth a little less but more green in return - I would be very happy with that. I wouldn't want to increase the value of NEM by supporting a system that is obviously flawed (not in a tech sense but you see what I mean right?).
Smart people have come up with alternatives to PoW for a reason. I personally would hate to see those accomplishments go to waste.

However like I said...just expressing my concerns.