Glad to see the project finally announced, I though I was the only one knowing about this I really thing this could be the new go-to Stablecoin. It protect your investment against fluctuation & yet the longer your hold, the more return you get. I call this a WIN-WIN..

Just bought a few HODL(www.hodldex.io). I got lucky with NEM so I hope this will pay off as well.

The requirement are on the FAQ section of the nem.io site.

1 GB of RAM for NIS in command line mode
2 GB of RAM for NIS AND NCC/Lightwallet simultaneously (GUI)
2 GB of  RAM for NIS Supernode (Command Line)

Hope this help.

Good Initiative! The site already evolved since I first look this morning. Keep up the good work.

I too nomitate patmast3r. NEM is on the verge of becoming one of the best Crypto out there.

Great Job Devs!!!

That's exactly why I use the words "I know it's not for tomorrow" and "Imagine".  I really don't think that Paypal will work with another coin than BitCoin for the moment (and I'm not even sure they will ever accept BitCoin in the end), I was just entertaining the idea of what a partnership with Braintree could do for NEM.

Yesterday, I've read that Paypal is considering accepting Bitcoin. I know it's now for tomorrow, but imagine if we could make an alliance with Braintree to including NEM as a payment option with Paypal. This would be fantastic.

http://www.theguardian.com/technology/2014/sep/11/paypal-bitcoin-braintree-overstock-reddit

That's the Nespresso symbol.

http://www.nespresso.com

+1

The AE is already giving the chance to everyone to acquirer stakes. Use the remaining stakes to ensure current/future development of NEM.

I didn't take the time to look at the code yet, but If I do and I find anything, I will not want any stake in return. As a stakeholder, having a great coin with a value that will grow over time is reward enough (and I'm sure this is true for most stakeholder). But Open source mean that anyone can look at the code, so if anyone find a way to manipulate the blockchain, they could use it for their own gain and therefore crash the value of NEM.

If NIS get open sourced, I think it wouldn't hurt to have a few persons look a the code from a security perspective. The idea of a "contest" is just to ensure we will have a few pairs of eyes looking at the code, but If we have some fellow NEMbsters with that particular background, that's even better.

I've been playing a bit with the 1-click-install and so far it's really great. Though, i agree that the whole NIS and NCC is not user friendly. It should be more transparent for the user.

Now that the code it out, is there a security audit (contest) that is planned? (I cant remember seeing this in the discussion). I really think that we should keep a couple of stakes for that.

Finally,  can someone send me some testNEM?

Cheers!

First page of the thread.

Open Beta release and distribution of real NEM : raw estimate: September 2014
Official launch :  raw estimate: November 2014

Great Job!! I Just registered.

Nice job!! This is a must read to everyone that keep to this thread asking where we are at. Do we have the latest newsletter link on the main page? I didn't see it, but I looked kinda fast.

Here's my vote:

1.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fs25.postimg.org%2Fkm3y8hxwv%2FORA_202_800_coins.png&t=543&c=vTmFB5SyHOC1yw
I especially like the one with the black design. It reminds me of the Umbrella corporation 

2.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.xomf.com%2Flgzkd.png&t=543&c=rV3utCJ8Mw0fLA

3.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fs25.postimg.org%2F5nrx9rrhr%2FKORA_104_256.png&t=543&c=QtaQq3aGy-ueHA

Proposal for Charities

I've been asked to come with a proposal on how to handle Charities. I didn't revive any suggestion by PM aside from the one from DarkhorseofNxt, so fell free to give me comment/suggestion.

We want to handle the donation to Charities with theses 3 concepts in mind:

- Transparency : Everything will be decided by the community and all action will be communicated to everyone
- Security : We want to ensure the ORA for charities will be safe
- Sustainability : Giving to charities should not result in a massive dump that could hurt ORA

So here's the proposal so far:

Selection
- We ask the stakeholders to propose charities to which they would like to Donate.
- Since we have a potentially a lot of ORA stakes, we could divide it between multiples charities (to be determine once the amount of ORA given to charities will be known)
- The selection would be done by a vote amongst original shareholder (because we know who they are) or on ORA if it include a voting mechanism.
- The selection would be composed of X charities and this process would be repeated every Y months. I suggest 3 charities every 6 months.

Donation
- The initial donation will come from a percentage of the undistributed stakes.
- We will use multising option to ensure no single person could get access to the Charities fund.

Distribution
- We wait at least 3 months after the release of the coin to start cashing out the stake
- The Maximum ORA per sold per day from the charity fund would be at maximum equal to 10% of the daily average of the last 2 weeks
- The orders would be set at a fix price so it doesn't crash the market.
- This would be done on multiple exchange.
- Charities will receive their donation in FIAT.

Again, this is only a proposition so if you have any comments/suggestion, fell free to post them here or to PM me.

ORA distribution option: Chaos514

Just sit on the remaining ORA for the moment.

I don't think we should burn the remaining stake as it would lower the number of coin in existence. Distributing the extra stakes to the current stakeholder is great, but nothing stop them to dump everything afterward. I do think that in the end, we should give more ORA to the people who keeps their ORA for a while, but I think it should be done once the coin as been released and over a certain period of time. For example, we could split 33% of the remaining stakes between the stakeholders that kept their balance above X ORA for at least 3 months. And do this 3 time over 9 months or 12 times over 12 months or any other combination (we would need to find a combination that would be resilient to dumping).

Anyway, my point is that we should kept the stakes and use them for promotion, bounty and maybe even find new stakeholders and then use the remaining stakes to create value by giving incentive to people to kept their stakes.

I've posted a similar comment in the ORA bounty thread https://bitcointalk.org/index.php?topic=718077.msg8184008#msg8184008. As discussed with DarkhorseofNxt, we will define the best way to handle charity and get back to the community. I'm open to all suggestion, but I can already tell you that will make sure that the ORA given to charities will not be dump in any fashion that can hurt this coin.

Thanks

I just thought about a feature that could be very interesting. Maybe it already exist in other coin and maybe it's already planned for NEM (tbh, I didn't do a lot of research), so fell free to tell me if it has already been discussed.

Would it be possible to include (in a latter stage) a shared wallet. When you create a share wallet, you would need to add at least 2 NEM address and the percentage of approval required to perform one of the following action:

- Withdraw fund
- Add an owner to the wallet
- Remove an owner from the wallet
- Send message
- Change the percentage
- Other function TBD

For example, I want to create a wallet to handle a community faucet. I could keep, let says, 10,000 NEM in the actual faucet (not a shared wallet) and the rest is kept in a shared wallet which is also the donation wallet. This wallet could be configure to have 5 administrators and a 66% approval.  This would mean each time the faucet wallet would run low, for an admin to transfer another 10,000 NEM into the faucet, it would need the approval of at least 2 other administrators.

I use the faucet example but it could be use for bounty, charities or any other community fund. It could also be a cool escrow feature as we could create a wallet that would need at least 66% approval, so at least one of the person in the transaction and the third party offering the escrow services.