Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]
by
nembit86
on 17/06/2014, 12:55:11 UTC
Let me address some of the issues.
...
When it comes to me (and I think I express view of other devs too), I'm here for NEM, not for btc.
Whether public auction will be held (I think it should as it was promised), and how many stakes
will there be, is TBD. We will definitely take Eadeqa's fears and doubts into consideration.
(Give us few days time for some internal discussion)

Regarding 15%, keep in mind there is 400/100/100 split there, so it's not only dev but also promotion and ecosystem.

The 10% reserve, is supposed to go for FUTURE projects and it will be LOCKED (using NEM business rules).


Very reasonable IMO. I am an early investor in Nxt and a stake holder in NEM and allow me to chime in my perspective here: Eadeqa's FUD is widely off the mark.

When Nxt was out of the genesis block there were a radom 8 people who held 5% of the total coin each. There were at least two other peope who sent the Btc twice or more and they had 5% of the total coin each too. Comparing to NEM current scheme in which the core dev. get about 2% for doing allmost all the works up to V1 blockchain (which is up to current Nxt blockchain specification as I understand).

I am questioning this Eadeqa's motive. He doesn't care that a random person holding 5% of Nxt but worry so much that a NEM core developer getting 2%? Isn't is suspicisous ? I would demand his explanation before considering any of his FUD request.

As a business owner and a technocrat myself, I believe in hardwork being rewarded. As a regular investor (in other businesses), I am always looking for the clues that the key people of that entities having proper incentives for doing a good job of running the show. As a NEM stakeholder, I think it is the best for NEM that the core dev. and other key peope in marketing and business having a sizeable chunk of NEM so that they have an interest in developing and building NEM for a longer term success.  

I agree with what's being said here. I thought at first that more coins to existing stakeholders would be good but now I'm not so sure. Once stakeholders got their 'extras' it would be more unlikely for fresh ideas to be funded. Obviously the developers must be more trusted than the average stakeholder to keep funds for future advancements of the project considering their time already spent on it.
   Hopefully with their commitment 1000000 nem coins will be enough for each holder to prosper tremendously.