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Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
[Poll]
How many NEM coins should be?
Please vote twice, and decide NEM's future for yourself.
1) https://forum.nemcoin.com/index.php?topic=2531.0
2) https://forum.nemcoin.com/index.php?topic=2540.0
How many NEM coins should be?
Please vote twice, and decide NEM's future for yourself.
1) https://forum.nemcoin.com/index.php?topic=2531.0
2) https://forum.nemcoin.com/index.php?topic=2540.0
Hold the horses, as I suggested earlier, do we actually have a sponsor from the dev team willing to agree this is feasible with the time remaining? Granted I see it as a constant change and a regression test with JUnit, but that is my uninformed assessment.
Secondly, I know TaunSew and others maintain some of the documentation. We okay signing them up for something on short notice like this? I think we'd want a few of them to say "yeah sure we'll do it". I don't know if I have seen that yet either.
Lastly, can we just formalize the position with the regulators on the NEM team that the mechanics stay the same just scaled in proportion? A formal statement on that would be good to avoid a suckerpunch to the the AE prices. If it is changed before it hits an exchange there shouldn't be too much backlash as everyone will still get what they paid for in proportion. I think that statement would need to encompass alt nemo too right? Like cold wallet is 2000 instead of 1000? Not sure what else would be affected.
Given markets are never 100% efficient or subject to emotional influence, is there any chance we actually induce market cap reduction? I think the fact that the NXT AE assets are fixed and not doubling it should spare any sort of shock sell off. I suppose some of that could be tolerated with the understanding it increase long term success, still... but this one would most easily be resolved by the vote of people deciding if they are willing to risk what they put in. I don't see why this would happen, but anything is possible.
It's hard to believe we now are discussing changing the quantity of coins. During the alpha testing, the PoI was adjusted using a base of four billion. If we alter this important number, won't this require further testing?
Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion]
Cross-posting this here from the NEM forum.
Amazing, amazing stuff as always! The amount of work being put into making NEM a long-term player in the cryptocurrency market should be clear to anyone by this point. I'll try to spread this news to as many people as I can as well!
One marketing strategy which I have done for other altcoins in the past is to utilize fiverr.com. If you don't know, fiverr.com is a website where you can hire individuals to perform various services for you, usually for very cheap ($5 and up, hence the name of the site). I have hired people to print and hand out fliers and do other sorts of guerilla marketing services like this before, so this is something we could possibly think about doing for NEM as well. As for how effective it is, well, who knows, but the price is cheap so you can't really go wrong in my opinion.
Thanks for the suggestion. We are actually considering experimenting with fiverr for a number of things. Will post about that as we do.
In addition to fiverr, WorkHub is worth a try.
https://www.workhub.com
You can use them for promotion or testing.
https://www.workhub.com/promotion
https://www.workhub.com/testing
Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
When will NEM be added?
Soon! I'm in the process of creating a separate section for the Nxt Asset Exchange.
Good news NEM and NXT followers!
Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]
Yes, go with harvesting.
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
So is the coin generation called 'foraging' then? Is this final? I'm not sure I like it... it's not a word suited to a highly technological platform. 'Foraging' brings images to mind of people rummaging in bushes or shrubs to find berries or something...
To me, a word like 'minting' sounds much better.
I just think it sounds better. Has a ring to it. Thoughts?
To me, a word like 'minting' sounds much better.
Quote
"A node can mint NEM at a rate according to the unique PoI algorithm."
I just think it sounds better. Has a ring to it. Thoughts?
+1
I cannot stand the term "foraging". I'm glad to see someone else has an issue with this.
"Minting" does sound a lot better, but that word refers more to the creation aspect. Qubic's Network PoW is like our PoI, and they use "Minted" to describe how Qubic's are created and "Providers" are the nodes.
Here are the two posts on this subject:
https://bitcointalk.org/index.php?topic=426303.msg5850252#msg5850252
https://bitcointalk.org/index.php?topic=426303.msg5852350#msg5852350
At that time "Guarding" is what I came up with, but later chanc3r mentioned the word "Validating", which I like better.
"Validating" and "Providers" are good descriptions, but let's work on this and come up with the perfect name.
Please, anything but "foraging".
Yeah, the more I think about it 'foraging' sounds worse and worse... you wouldn't 'fish' or 'hunt' for coins would you?
Why would using 'forging' be a bad thing anyway? Every single PoW coin uses the word 'mining' despite differences in their individual algorithms. If 'foraging' was an attempt to be different than NXT then it's failed; it looks like exactly the same word at a glance.
I find nothing wrong with the just plain - good old fashion "forging".
Is there anyone else that would like to replace the term "foraging"?
I would not use "forging". Some people feel it familiar because its has been used before but I don't think it is a good word to describe the process. What and how do you forge exactly ? Emunie uses hatching; Maidsafe uses farming; Not sure peercoin uses what but saying "forging" is good old fashion is a bit premature imho as it has no relevance with the process it is supposed to describe.
Okay, here is amateur linguistic analysis: forge have two main meanings: the first is to counterfeit which has a negative connotation; the second is to form by heating and beating and hammering into shape. Now if you want to describe the process to a completely new comer and you say "I have been forging NEM all days". It sounds more like you are counterfeiting something. If the second meaning gets through, it also draws a complete picture like you are forging a blade or at least it indicates a transformation of the material during the "forging" process. You "foraging" and" harvesting" does suggest you picking up something already being there not a process of transformation even though now harvesting feels a bit more evolved to me. So "foraging" and" harvesting" are more accurate relatively to "forging" when describing the process of getting NEM as block reward from transaction fee.
You are right "forging" is not the exact word for NEM's process, it's just that personally most anything would sound better than "foraging".
"Reaping" it does sound scary. The word needs to describe NEM's process. I don't know what the word is, but I think it should be more modern/technical.
"Harvesting" is an improvment over "foraging".
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
So is the coin generation called 'foraging' then? Is this final? I'm not sure I like it... it's not a word suited to a highly technological platform. 'Foraging' brings images to mind of people rummaging in bushes or shrubs to find berries or something...
To me, a word like 'minting' sounds much better.
I just think it sounds better. Has a ring to it. Thoughts?
To me, a word like 'minting' sounds much better.
Quote
"A node can mint NEM at a rate according to the unique PoI algorithm."
I just think it sounds better. Has a ring to it. Thoughts?
+1
I cannot stand the term "foraging". I'm glad to see someone else has an issue with this.
"Minting" does sound a lot better, but that word refers more to the creation aspect. Qubic's Network PoW is like our PoI, and they use "Minted" to describe how Qubic's are created and "Providers" are the nodes.
Here are the two posts on this subject:
https://bitcointalk.org/index.php?topic=426303.msg5850252#msg5850252
https://bitcointalk.org/index.php?topic=426303.msg5852350#msg5852350
At that time "Guarding" is what I came up with, but later chanc3r mentioned the word "Validating", which I like better.
"Validating" and "Providers" are good descriptions, but let's work on this and come up with the perfect name.
Please, anything but "foraging".
Yeah, the more I think about it 'foraging' sounds worse and worse... you wouldn't 'fish' or 'hunt' for coins would you?
Why would using 'forging' be a bad thing anyway? Every single PoW coin uses the word 'mining' despite differences in their individual algorithms. If 'foraging' was an attempt to be different than NXT then it's failed; it looks like exactly the same word at a glance.
I find nothing wrong with the just plain - good old fashion "forging".
Is there anyone else that would like to replace the term "foraging"?
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
So is the coin generation called 'foraging' then? Is this final? I'm not sure I like it... it's not a word suited to a highly technological platform. 'Foraging' brings images to mind of people rummaging in bushes or shrubs to find berries or something...
To me, a word like 'minting' sounds much better.
I just think it sounds better. Has a ring to it. Thoughts?
To me, a word like 'minting' sounds much better.
Quote
"A node can mint NEM at a rate according to the unique PoI algorithm."
I just think it sounds better. Has a ring to it. Thoughts?
+1
I cannot stand the term "foraging". I'm glad to see someone else has an issue with this.
"Minting" does sound a lot better, but that word refers more to the creation aspect. Qubic's Network PoW is like our PoI, and they use "Minted" to describe how Qubic's are created and "Providers" are the nodes.
Here are the two posts on this subject:
https://bitcointalk.org/index.php?topic=426303.msg5850252#msg5850252
https://bitcointalk.org/index.php?topic=426303.msg5852350#msg5852350
At that time "Guarding" is what I came up with, but later chanc3r mentioned the word "Validating", which I like better.
"Validating" and "Providers" are good descriptions, but let's work on this and come up with the perfect name.
Please, anything but "foraging".
Re: NXTL: Next Coin Lite - Officiall Topic - Fair Distribution
Hi
What does apache tomcat have to do with node.js, and why is this something you want to show off?
Since you are collecting stakes.. show us some ready modules where you actually have ported some code to js. I think you can manage one..
What does apache tomcat have to do with node.js, and why is this something you want to show off?
Since you are collecting stakes.. show us some ready modules where you actually have ported some code to js. I think you can manage one..
We had wanted to rewrite the NXT on java
Now we are beginning to write on Node.Js
Would be nice to see some code asap...
+1
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Auction sounds like good opportunity test the valuation, though it might be could make it in sequels as UP has said. Are there any similar scenarios ever done before? How you can prevent people just bid without intention to buy ? Like some ahole just messin with auction
One way would be to set up an escrow. So people who bid would send their bid to an escrow. If they win, they get the NEM. If they, don't their money (minus a tx fee) would be returned.
Escrow is a good idea. What about using a descending price auction (Dutch auction) to determine the ideal market price for NEM?
www.investopedia.com/terms/d/dutchauction.asp
en.wikipedia.org/wiki/Dutch_auction
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
I also have to stress that i think the key isn't in just distribution or the fear of dumping, but also in making sure we have ACTIVE stakeholders who are prepared to donate a portion of their NEM to community promotions and other initiatives.
This is the big problem with NXT right now. In order for the idea to succeed in such a competitive market, it'll take community effort to make NEM stand out. This also means, imo, getting NEM to have some presence on the deep web as well as more legit retailers.
This is the big problem with NXT right now. In order for the idea to succeed in such a competitive market, it'll take community effort to make NEM stand out. This also means, imo, getting NEM to have some presence on the deep web as well as more legit retailers.
I will be donating NEM for a forging system that runs on the Raspberry Pi, waiting for some NEM and waiting for that RPi bounty to be listed.
Funfact: NEM will probably note use the term forging as it is connected to POS and NXT. If you read some of my posts I already used the word foraging (i guess people thought it's a typo)
Not sure this is final though but I like it.
PoW= Mining
PoS= Forging
PoI= Foraging
or
PoI= Guarding
NXT chose to use the word forging in the metallurgical sense, unfortunately the general public views it with a criminal connotation.
I like the idea of having a new name for POI, but from a marketing perspective foraging is not much better.
I looked-up foraging in Merriam-Webster and several other dictionaries.
Definition of Forage.
1: Food for animals especially when taken by browsing or grazing. Grasses and other plants that are eaten by animals (such as cows).
2: Search for provisions. To wander in search of forage or food, browse, graze, pasture, rustle.
Agriculture and animal husbandry? Does this sound like NEM?
Foraging has a lot of associations and many are negative:
browsing, collecting, combing, eat, explore, feed, ferret, fodder, gathering, graze, harvesting, hunt, looking for, nibble, nose around, peeking,
peering, pilfer, plunder, probing, prying, raid, ransack, ravage, rifling, root about, rummage around, rummaging, scavenge, scouring, scrounge,
searching, seeking, sifting.
"I am mining bitcoin." or "I mine bitcoin." or "We are mining bitcoin." Sounds fine.
"I am forging NXT." or "I forge NXT." or "We are forging NXT." Sounds like we are coping NXT illegally.
"I am foraging NEM." or I forage NEM." or "We are foraging NEM." Makes us sound like we are cows foraging in the pasture.
"I am guarding NEM." or I guard NEM." or "We are guarding NEM." Sounds slightly better.
Foraging implies searching and collecting.
If you are a forager for NEM you are randomly, willy-nilly searching and collecting NEM.
A guard protects and gets paid.
If you are a guard for NEM you are protecting the NEM network and can get compensated with the transaction fee.
NEM soldiers guarding the NEM network.
Also the pronunciation of foraging is too silmilar to forging, some people will find it confusing when they hear it.
The forging mechanism in NEM needs to have it's own term for PoI. Guarding is a better description, but we need to think more about this and
come up with the perfect name.
sorry patmast3r, I did notice the "typo" and thought it was a joke or typo. I like reading your posts, it's just my logomisia.
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
I saw this Dilbert comic today and had to look-up holacracy. It sounds similar to how NEM might be organized.
http://en.wikipedia.org/wiki/Holacracy
http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/200000/10000/4000/200/214286/214286.strip.gif
http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/200000/10000/4000/200/214287/214287.strip.gif
http://en.wikipedia.org/wiki/Holacracy
http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/200000/10000/4000/200/214286/214286.strip.gif
http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/200000/10000/4000/200/214287/214287.strip.gif
