Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
gimre
on 19/04/2014, 20:54:19 UTC
What people need to realize that even if they are rich in cryptos it doesn't mean they are rich in fiat. At least not at this point. Until you can pay your rent, food  and everything you need everyday with cryptos you'll always have to go through exchanges to get to fiat. What do you think would happen if all of a sudden 3000 people try to cashout 500k USD ? Exactly...noone get's squat.

NEM isn't supposed to make anyone rich quickly. It's supposed to be a better BTC that will actually be capable of replacing fiat (because btc isn't) hopefully at some point in the future. That's what seperates us from shitcoins. We have a goal beyond releasing a coin and hiting some exchanges.

(bolds are mine)

I couldn't have possibly put that myself better. Really nicely said.

That is exactly why I'm in NEM, and why I believe in NEM.