Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]
by
patmast3r
on 22/06/2014, 12:16:49 UTC
There is one thing that i'm asking myself.

Why would we need NEM ?

It is absolutely blowing my mind , that there are people who think NEM will be their Bitcoin Rocketstart into wealth.

Why ? Because this time there a new people as Stakeholders ? Because the System is new , developed from the ground up and with another chance for catastrophic bugs or failures ? Is there really a need for another POS Coin ?

Baffles me and makes absolutely no sense in my mind...

(I'm also asking myself why we need NXT, but that is another story for another day.)

I can see why you are confused. You think NEM is another POS coin when it really uses a new algo called POI.
I'm guessing you think POW is perfectly fine right ?
About 400 tonns of CO2 per year of mining. That's not fine that's bullshit and it would be retarted to stick with the system when there are better options.