Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
utopianfuture
on 02/06/2014, 20:50:17 UTC
That's an example that people buy things based on ideas and the team. I don't have an opinion about current price of NEM token. Whatever the price is, the core team has no direct benefit.

I understand your point, I just don't like unbased speculation which serves basically as propaganda, which you have to admit there is a little bit going on around here.

So the core team has no NEM holdings whatsoever? Please correct me if I'm wrong but the value of a stake is, for the time being, the only indicator of the future price of NEM. If stakes start going for 10 BTC each, I would have to imagine it would make you at least somewhat happy. If it didn't, you'd be kicking yourself for not giving yourself a bigger founding stake.  

I'm sorry, I'm doing my best to not be a jerk. I just want to understand how the core team has no direct benefit from the price of a NEM token. Its like saying Jeff Bezos has no direct benefit from the price of Amazon stock even though he has hundreds of millions of dollars worth of stock options.

I also am curious if there is a release date in sight, or any such estimation. Thank you.

No direct benefit NOW. Because we are not being able to sell anything. We will have something only when NEM launch so until that point token price has no direct benefit to us.

Jeff Bezos can put bread on his table NOW from his stock. We can't and that why there is no "direct" benefit.

Best estimation can be found in NEM summary.