Post
Topic
Board Marketplace (Altcoins)
Re: [NEM] ---NEM stake complaint, questions etc.---
by
TaunSew
on 23/04/2014, 18:45:00 UTC
Hello, Just read i need to speak here.
I have a group of 14 friends ( includes their partners and such). We are all on the refunding list as the accounts are connected to mine. I understand you want to limit such accounts down. Could we be limited down to 5 stakes shared between us? I can provide proof of identity for these 5 people. What would be your decision on this case? would that be ok or would something else be more ideal for you?
Thanks

Edit: to be honest, the way things are looking we would even be happy with 3. At least that is something decent to share between us.

Any idea of what your decision would be here? I need to know how much money I need to pay back to them, if we are sharing I need to work out a percentage of refund to each of them (fiat). For the record I did let UP know about this long before audit, so I really would like to know whats happening.


Ok, I suppose I better give a bit more info.
I found Nem and got a few friends on board who I was coaching in cryptos. They in turn then wanted their girlfriends/wives/boyfriends to jump in. In my stupidity I thought it would be fine to just send them the nxt from my account and collect the fiat from them when they have enough money. It was a lot quicker to do it this way. I did not try to hide anything, you cant in a public block chain. Some of us have lost out quite bad being the victim of pump and dump schemes, but it is all down to learning experience. Some of us have been more fortunate. I no longer day trade myself, I am a long term investor mainly now. I cannot stand the dirtiness of pump and dumps.
Anyway, we are hoping that when can have a few shares between us. Please consider us.


It was a call for participants - not investors.  It doesn't do us any good to have "participants" who are presumed to be technologically illiterate or disinterested to the extent that they did not claim their own stake

They were not disinterested, It was me who pushed my nxt onto them. I told them I will sort it for them and just send them my nxt for fiat. Big mistake. So it is my fault for rushing. We will be participants but we have been a bit held back as we knew we would be on the refund list and not even sure if we are going to get stakes at all. We are waiting for UP's decision so we can jump back in.

So you peddled 14 people into giving you money for stakes?

That is not how this was supposed to work.  No where was it written that you were suppose to pester Granny & other technological illiterate friends for money to get NEM stakes.

How did you even persuade these people to 'invest'?  Someone unfamiliar with cryptos can't tell the 300 or so coins apart.  I'm thinking you sold some "get quick rich" scheme to them. 

How do we rationalize your 14 sockpuppets / non-participating friends over people on the waiting list?