Re: NEM Official Thread - Beta is here/Phase 2 Redemption begins[Updates&Discussion]
even if you call this an ipo then what type of an investor you are if you do not check your investment?
Exactly, I have some shares (I mean non-crypto shares).
I check the prices everyday and I check news about companies at least once a week (but mostly more often).
As you've noted NEM is not IPO, but if it would and someone is not checking the status, he shouldn't be called investor, but a fraudster.
What a ridiculous statement.
There were many people who bought hundreds or even thousands BTC from 2009-2011 and did in fact forget about it or didn't follow the price fluctuations on a daily basis until BTC started reaching new ATH's and making headlines. Once BTC started to gain some mainstream attention, those same people said "Wait Bitcoin, I think I bought some of those a couple of years ago, let me check."
For those people the same amount of BTC was still in their wallets, providing they could access them (i.e. didn't throw out the hard drive/PC that held them). It's not like the total number of BTC reduced by 25%, 50% then 75% after each month that passed.
Is it not possible that some people thought that NEM looked like a promising project back in January or February, threw some BTC at it while it was extremely cheap (less than 1 BTC) than simply said I'll check back in 6 to 12 months and see if it's worth claiming or worth anything? I would think that has happened at least a few times. Part of being a long term investor is not checking the price on a daily basis and just believing that project/company itself has a promising future.
Some people have lives that don't allow them the free time to post on BTT on a daily basis. Most accounts here on BTT (roughly 99%) that are active on a daily basis are newbies, day traders, sockpuppets, scammers, fraudster and charlatans. NOT INVESTORS. Anyone who thinks otherwise in beyond naive.
Come up with a reasonable solution to deal with unclaimed stakes. Don't redistribute them to other investors. Don't keep them for yourselves to help develop NEM. And don't reduce the number someone bought regardless of how active or not active they are. Those stakes still belong to them and that's how it should remain. They should be able to claim them whenever they want period. No other solution is reasonable. You can still launch NEM, it's not like unclaimed stakes are holding back the process.
All other decisions regarding unclaimed stakes are driven by greed and nothing else, which is the opposite if what attracted me to this community to begin with.
How this distribution is dealt with will determine whether or not I'll remain interested in NEM longterm.