Quote from: Yenog on May 25, 2014, 09:18:12 PM

This was absolutely ridiculous. He announced he will send it after 100 requests. After that was complement, he announced the date and exact time. He sat there last second and then comes back to announce
delay at very last second.

I should explain here why the postpone decision seemed to appear suddenly and at the last minute. I can assure you that there was no intention of manipulation whatsoever.

A coupe of posts which appeared close to the planned time in the update thread are the key reason behind the postponement. These are the posts:

https://bitcointalk.org/index.php?topic=426303.msg6924246#msg6924246

https://bitcointalk.org/index.php?topic=426303.msg6925570#msg6925570

https://bitcointalk.org/index.php?topic=426303.msg6926063#msg6926063

One user seems like a prospective investor and the other user is a stakeholder that have requested a token before (crimi). Both showed an utter lack of understanding about NEM governance structure and made some ridiculous demands to me and it hit me that we are never being clear enough about NEM going forward. Most stakeholders sent it relatively small amount of fund for a stake and so far in some bad cases as these two, I can offer the refund to them and we can part away. Solid and Easy.

I realized that I can not do a hand waving like that if an investor buy a stake via Nxt asset exchange for 5 btc. Technically, he buys the stake from a former stakeholder and that deal should not be related to NEM or the development team. However, ultimately it will come down to the development team's reputation and NEM as a whole if some similar bad dispute happens.

To avoid these situations, I decided to postpone the exchange listing and speed up the Development Contract which will serve as the foundational information for investors. Current stakeholders should also agree to the terms so the whole community could unite on organizational principles and push forward to do other important things.

The Development contract (preliminary draft) were very quickly written up and put out there because I know people are disappointed about the postponement of the listing (but NEM summary information have been discussed and agreed on by the core team for a while ). It should have been done in a more orderly manner. Originally, it is planned that we will publish development contract after the open Alpha but now it looks like a correct decision to push it out before more investors are involved.

So please be patient so that the development contract
https://docs.google.com/document/d/19so-Jy3Gqw2KltZP-gaw3oFaHliN0OdtwZktOP4pCOQ/edit
could be read by everyone involved. After that the asset listing will resume. Thanks for your support so far.