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Showing 13 of 13 results by cromagnon
Re: [ANN][NET] - The Browser Based Blockchain - Main net Q1 2018 - Liqui
better to start with mainnet 1 month later, because the market is at this moment not so good
To delay the public release just because of the current market situation is imho a bit short sighted...
I disagree. As an analogy, I would urge you to look up the influence of market conditions on IPOs. Market conditions can be either a booster or a retarder to any asset, especially during its initial price forming stage. Intrinsic value is a long-term attribute of an asset.
That's why I said short sighted.
I understand what you meant. I did not understand why you suggest that the creators should take a sentiment risk when the price to avoid it is likely negligible. If anything, dissuading short-term flippers should be a good thing.
Re: [ANN][NET] - The Browser Based Blockchain - Main net Q1 2018 - Liqui
better to start with mainnet 1 month later, because the market is at this moment not so good
To delay the public release just because of the current market situation is imho a bit short sighted...
I disagree. As an analogy, I would urge you to look up the influence of market conditions on IPOs. Market conditions can be either a booster or a retarder to any asset, especially during its initial price forming stage. Intrinsic value is a long-term attribute of an asset.
Re: [ANN][NET] - The Browser Based Blockchain - Main net Q1 2018 - Liqui
i bought some net on Liqui. How can i get NIM (nimiq) trade to btc, or need withdraw them to mew?
1. Go to nimiq.com
2. Read all about how to activate (change NET->NIM)
2. wait for mainnet launch
3. ...
4. profit
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
Hey Nimiq guys, you suggested to wait for NIM and NET to be both listed on an exchange in order to avoid the KYC.
However there is a big problem: if we do this, we will get almost nothing, since nobody will buy the old token its value will just drop.
However there is a big problem: if we do this, we will get almost nothing, since nobody will buy the old token its value will just drop.
I am not from the Nimiq team.
- they would never openly suggest how to bypass the KYC, to not be liable.
- post-mainnet, the NET price will have as floor (and presumably as ceiling too) the conversion rate price 1 NET = 100 NIM. There will likely be arbitrage above/below the conversion price by everyone and their dog.
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
Quote
..... Can you be explicit please what are the consequences of NOT activating now, so the community can make better decisions?
Thank you.
Check my latest post above
Thanks for your answer. IIUC the consequences for not activating now, assuming you have passed KYC process, are simply:
a) delays in activation of tokens due to manual effort
b) not being reflected on the Genesis block
Correct?
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
Is it required that we complete this conversion? Can I just keep by NET tokens in my MEW account or is this activation required?
You can keep those for some months after the mainnet launch.
You can go through KYC without activating.
Not suggested at all. NIM activation after mainnet launch will be a manual procedure that we will provided as a last resort. If you want to be in control of your NIM we strongly suggest you activate your NIM.
What exactly do you mean by "if you want to be in control of your NIM ..."? Your sentence is quite strong, even beyond a simple recommendation. Also, the information I gave above was from personal activation experience and from info I got from discord mods. There are security, usability, liquidity, speculation etc reasons for not activating. Can you be explicit please what are the consequences of NOT activating now, so the community can make better decisions?
Thank you.
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
Is it required that we complete this conversion? Can I just keep by NET tokens in my MEW account or is this activation required?
You can keep those for some months after the mainnet launch.
You can go through KYC without activating.
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
NIMIQ is a joke. If they wanted to do KYC they should of done it during the time of the sale, not after it is already selling on an exchange. Makes no sense.
Do you consider the possibility that they did not have the right information at the ICO time, or that the risk profile of the KYC decision has changed given recent regulatory changes? Your assumptions are strong but unfounded.
Is there an official announcement on this forum? Also how can you know it is developed by Vitalik Buterin?
google search or twitter, if you did not find it, its just fud, if it is real omg will kiss the moon asap,
BUterin, Wood, Zamfir are advisors.