Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids
And you say that based on what?
5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%?
Well this is my opinion.
Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit!
Well, at least we'll see how this distribution model works. Lots of people got their stakes for free. I got mine for 10 Nxt ) Even 1 btc will be a great return.
Also 10 Btc for 1M Nem is crazy. There are 4B coins which makes Nem at least 4 times cheaper than Nxt and 250K Nxt cost about 12.5 btc now. I can't imaging somebody buying 1M Nem even for 5 btc. Not before Nxt costs x10 from today price.
Even if there are more NEM than NXT 1 NEM can still be worth more than 1 NXT. You're conclusion is based on the fact that NEM is the same as NXT which is wrong.