Search content
Sort by
Showing 7 of 7 results by Nacionalito
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
I think it can stand for New Economy Movement and the currency can still just be called NEM. I don't see why not. I think it stands out better than Nemcoin.
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
I agree that there is definitely opportunity for NEM to outgrow NXT if done right. NXT has some problems, not just distribution. It is not helpful that the main dev for NXT wants to disappear and be a complete mystery and communication is not good. I think having a bigger team of devs and better communication with the wider NEM community will be a big help.
Forget NXT, let's beat a worthless coin like Aurora.
Lol, I wish there was an easier way to short it. Then again I would probably lose, I never would have seen the run-up to 600mil+ coming. I guess it should give us hope that it doesn't take a year to get to the top of the alt-coins.
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
It is my understanding that the devs are currently testing POI, and they aren't posting specifications on how it will work, because they are well, still testing it out.
Exactly
Yes, all the details of POI are not finalized. I am testing about 12 variants of a few algorithms, but so far the results look promising. If I had to release something today, I think I know what I would implement.
Great work, Devs. I am expecting your deliveries and believe NEM could exceed NXT.
We hope to do well. That being said, NEM isn't really in competition with NXT. There is no reason that both could not exist together. I own an amazing 0.4 BTC worth of NXT, so I am not really against it
I agree that there is definitely opportunity for NEM to outgrow NXT if done right. NXT has some problems, not just distribution. It is not helpful that the main dev for NXT wants to disappear and be a complete mystery and communication is not good. I think having a bigger team of devs and better communication with the wider NEM community will be a big help.
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Exactly. Proof of Importance is NEM's best feature. PoI is what will set NEM apart from all other coins.
I'm sorry if I missed it but is there a link somewhere to how PoI works? Is this actually a fully developed working thing, or just an idea at this point? How is "hybrid PoS/PoI" different from NXT proof of stake?
I've read about it in the development plan, there is a few lines of description that is all, it is unclear how it will work or what behaviour it will drive. I await a more formal specification and formal review of the algorithm, like all good ideas there are intended consequences and unintended consequences...
If implemented as described, it will 'set NEM apart' but whether this is in a good way or not will be how the implementation is judged when it is seen out in the community - there is a lot of stealing of ideas so I'm not surprised there is little detail posted in order to prevent this - we will have to trust in the 'devs' and see what they finally decide on.
Yea, I agree, at this point it is about believing in the dev team. It looks like devs are planning on putting in about 10-20hrs a week at the moment. I hope this might change, especially if/when things start to take off. I think these days you need to have a plan for ongoing, aggressive development. You can't just release a coin and be done with it.
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Exactly. Proof of Importance is NEM's best feature. PoI is what will set NEM apart from all other coins.
I'm sorry if I missed it but is there a link somewhere to how PoI works? Is this actually a fully developed working thing, or just an idea at this point? How is "hybrid PoS/PoI" different from NXT proof of stake?