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Just getting caught up - besides the 6-stake sock puppet issue, which seems to be minor, or at least to have passed - why is the price going down? Is there anything else depressing it, or was that it?

Our price falls along with the NXT price as NEMStake is exclusively traded on the NXT AE and it's value is determined in NXT.

Question becomes:
Why price of NXT is falling?

Alt prices are falling

nxt is rising + nem is stable = nem rising! Cool

nxt rising + nem falling + btc rising = ?? this is some strange chain reaction happening there Wink

It really depends on what you are valuating it against. NXT? BTC? FIAT?

well it's a totally unique market on top of that.

1) high minimum amount of crypto required to buy - large amount of small buyers cut out

2) only traded against nxt - excludes many who don't want use nxt/don't know how + makes it difficult to trade from any other alt to nem.

3) nxt isn't traded on any high volume trusted exchanges - further restrictions

4) traded in tenths so even those with a large amount still have left over nxt that would otherwise have been used to buy nem.

5) as nem rises in value so does the minimum buy in - amount of left over nxt grows exponentially as nem rises in value

Conclusion:

Nem is undervalued by total amount of nxt + btc + alts + fiat that can't make It into nem due to restrictions mentioned above. And the amount not in nem will only grow as time passes as the minimum buy in rises.

I'm not even counting the the lack of nxt/nem<>fiat pairs.

Nem is severely undervalued imo and the higher the market cap goes, the more undervalued it becomes.

Once nem hits major exchanges first week of launch, 90% of the restrictions will be lifted and Nem will correct the undervaluation. Combine that with the confidence gained due to it fully launching + if any major features are released.

I'm seeing multiple lunar landings in a row after all this plays out.

I can't f*%king wait lol

Love your reasoning and optimism....hope it plays out that way..

How would an automated distribution of stakes work...as mentioned earlier...anyone know?

as a stake holder I too would like an answer to this, but wait we must I guess.

my guess is we send our stake back to issuer before genesis block with an address which then gets put in genesis block hey presto automated distribution. No different from posting a nem address on a thread.

Ok, I'm thick , what do you mean by 'sending a stake back to issuer' ?. Do you mean you have to make your self an account number on client and then send that number as a pm from btt account to an account somewhere?