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Topic
Board Announcements (Altcoins)
Re: NEM Official Thread - Beta is here/Phase 2 Redemption begins[Updates&Discussion]
by
Thingamajig
on 08/11/2014, 15:03:40 UTC
I'm not sure what the big deal is about this.

I think alot of people are scared that raising the limit to 8 billion is going to negatively impact the value of what they'll own - when they should though this will go unchanged, it'll simply just scale.

I'm in NEM for long term, so whether it changes to 8 billion or keeps it at 4 is of no concern to me - i see pro's and cons to both decisions and really i think either one isn't going to hurt.

My opinion is that changes this big this late in the game are a very bad idea.

This is probably the biggest concern I have with it. I do find myself asking though; where was everyone during the vote who are against this change?

Changing to 8b = controversial.

Sticking to 4b = not controversial.

We should avoid any possible controversial changes at this late stage. It's been well and truly ingrained into people that it is 1m nem per stake. Changes to that May just cause more controversail situations and unnecessary confusion. That is reason enough to stick with 4b. Also it's going to cause confusion for months after cos some people will still think it's 4b the same way that some still think nem is a clone. This stuff sticks..

Plus many many people won't know about the change, assume they got double by mistake
And could end up dumping the extra cos they think it's free profit..

Is that not a compelling reason to stick with 4?

I admit, this is probably the soundest decision to be made in these circumstances.