Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]
I oppose pre launch public auction, as that means 400 BTC IPO is going into someone pocket at current prices.
If developers want 400 BTC more, why they also need 15% stake too (which is 600 million Nem)
If developers want 400 BTC more, why they also need 15% stake too (which is 600 million Nem)
Money is used to pay for ecosystem dev, etc. Those stakes are only worth 400 BTC because of our efforts, so what is the problem?
Those stakes are NOT worth 400 BTC because of your efforts as nothing is released. They are worth 400 BTC because of the entire community and supporter.
So let get this straight.
(1) You want 15% of stakes -- that's 600 stakes for anyone not counting, or 600 million Nem -- (reserved 10% more for future)
(2) You want 66 BTC and several thousand Nxt that were collected during IPO
(3) Now on top of that you want to sell 200 more stakes before the launch for additional 400 BTC (which is essentially a second IPO)
(4) No definite statement made about what you will do with unclaimed stakes.
The whole thing is intended to make 8 "developers" rich.
I think you are delusional. You should try to build a coin yourself to see what it is worth. A different solution: try to persuade JeanLuc to part away with his 50 million Nxt before complaining about the shares of NEM core dev. NEM need community and supporters but the shares to the dev. are more than fair. Community has 75% of the shares to build the projects of our own. Community is the majority of this project, of course after the products are released and NEM are distributed
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Good luck to "rest" of the community since if developer dump even 50% of the 15% (300 million) it will tank the prices for all of you bought it on Nxt AE, while developers are already rich.
Why don't you ask that dumping questions to JeanLuc and other 50 million holders in the Nxt land ? OH because it is well