Quote from: Thingamajig on October 31, 2014, 07:42:23 PM

Quote from: abstraktalias on October 31, 2014, 07:24:21 PM

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).

This is just sheer negligence - negligence that shouldn't be a burden on the developers part. It is the investors responsibility, not theirs.

If i were an investor in anything, i'd be making more of an effort on my part to at least follow it on a weekly or at least monthly basis, especially in a fast paced and rather volatile market such as crypto's. BTC was also a major exception to the rule - there were no crypto markets then, peoples negligence was somewhat justified. Things are different now.

Quote from: abstraktalias on October 31, 2014, 07:24:21 PM

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.

So is it really so demanding that they at least spend a few hours a night, maybe once or twice a month, to follow their investment and the terms in which they may need to abide by to claim? How is it possibly the fault of the devs if people are so flippant and care free that they just throw money at projects and expect -- no, demand -- some sort of reimbursement of what little efforts they put in?

Quote from: abstraktalias on October 31, 2014, 07:24:21 PM

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.

I do believe it's ultimately the people who participate in these currencies that make them what they are - which is why, to some extent, i'm with you on not keeping it aside as a "development fund".

However, given that too many people just throw money at this project, and not follow it, are they really individuals who can provide something to NEM and it's ecosystem? or have they proven that they're simply in it for a quick buck, their own gains, and washing their hands of it once they're satisfied? At least having some sort of redemption limit, some sort of terms that it requires people to show some vested interest.

Quote from: abstraktalias on October 31, 2014, 07:24:21 PM

How this distribution is dealt with will determine whether or not I'll remain interested in NEM longterm.

In the end, this is what most people will do regardless of the outcome. It's unfortunate you'd feel that way but really, in my perspective; it's your loss.

Thanks for the well thought out replies. I actually appreciate the fact that you answered them logically.

The thing is regardless of how active or not those initial investors are/were they still providing something, their initial investment (in BTC), which allowed the project to be developed further. That initial funding is participating in a sense, though indirectly.

If it was my project I'd want to thank those people who initially had faith in me, by making sure they got a return on their investment.

It's really not a huge burden on the developer's part either. You give a month to the active community to claim their stake before official launch and then hold the unclaimed ones and distribute them once a month there after. It's not a daunting task or an unreasonable request.

Anyways it's a mute point for me as I'm not on that original list, but I also still want to see the issue dealt with properly as I can't imagine the solutions suggested so far would do anything to help the reputation of NEM in the future.

Learn from NXT's mistakes, that's always been NEM's advantage.