Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion]
Thank you for posting amytheplanarshift that was a really exciting and interesting read 
just one little thing I think banks most likely very well know whats going on underneath them just right now its probably still just like peanuts to them as you say so they probably don't care much yet
Perhaps the bankers are smarter than Kodak or many of the other corporations who have shared a similar fate in recent history, but only time will tell. just one little thing I think banks most likely very well know whats going on underneath them just right now its probably still just like peanuts to them as you say so they probably don't care much yet
Any currency, fiat or not, is threatened by alternatives. I'd wager bankers are well aware of the threat Crypto poses.
No doubt, they'll use their resources to manipulate crypto's to their gain. It's why i favored NEM's IPO with investment caps/requirements and other restrictions - it acts as a deterrent to any entity with large weath/resources from immediately crippling a currency like NEM at it's most vulnerable stage; the distribution.
NEM is and was a voluntary association, not an IPO
http://en.wikipedia.org/wiki/Voluntary_association
But yes, I agree that UP's distribution plan was good. Only problem is that it took so much time to do taint analyses, etc. Glad I wasn't the one doing it
