Quote from: nzminer on June 24, 2014, 02:33:13 AM

Quote from: Thingamajig on June 23, 2014, 04:05:12 PM

Quote from: mine big alts on June 23, 2014, 09:53:32 AM

can i mine it?

are all the coins distributed allready or can i get me some nem?

You can't mine it no - this is not a PoW coin (thankfully).

NEM will be a POI coin (Proof of Importance)whereby, and i quote:

Quote

'Proof of Importance' (PoI) coin generation that rewards people for actively using NEM as a currency, discouraging hoarding. The people most important in maintaining the network receive the highest coin rewards, not the people with the most NEM.

Sounds a bit like POT (proof of transaction) doesnt it?
Thats how fluttercoin works diesnt it?

It doesn't sound like PoT to me.

PoT = Reward by making more transactions = Spending coin
PoI = Securing the network, so keeping up a node online to secure it.

This is what I think.