Quote from: rockethead on August 05, 2014, 01:40:23 PM

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Quote from: rockethead on August 05, 2014, 01:17:01 PM

Quote from: Simakki on August 05, 2014, 01:07:15 PM

Quote from: rockethead on August 05, 2014, 12:45:29 PM

Quote from: Simakki on August 05, 2014, 12:38:43 PM

Quote from: makoto1337 on August 05, 2014, 12:11:32 PM

If anyone keeps track of the progress and release of crypto 2.0 coins, you will notice that there are several promising projects that have been raising a lot of funds, among which are MaidSafe and Ethereum. Unlike these other projects, NEM was created without a large amount of initial funding, giving away most of the stakes for free or for trivial amounts of money. This is good, because it sets us apart from other coins, as a movement marked by equality of opportunity and solidarity without envy.

However, it is also important to realize that in order for NEM to reach its full potential, the community needs to come together and create a vibrant ecosystem that can meet the future needs of our users.

Towards this end, we are planning to prepare to work towards creating key projects required for a comprehensive ecosystem, with an emphasis on mobile apps and a fast, secure exchange, that will fully utilize our upcoming P2P asset exchange. To build this infrastructure, we need to raise funds to compete with the likes of MaidSafe and Ethereum.

Rather than centralize more power with the dev team, we are considering promoting a separate entity that would create and maintain several key ecosystem projects. To create this entity, we should have serious funding to hire full time programmers to work in parallel with the core dev team. This would help us to hit the ground at full speed, right at V1 launch.

If you have any ideas for good ways to raise significant funds (hundreds of BTC), please post them here. I am interested in what kind of thoughts and ideas people have.

Weren´t there allready development fund for operations like that ? If everything goes as a planned one stake should be at least 2k-5k, so why you just use those funds to pay salaries etc. ?

According to the draft development contract, that is not supposed to be touched until after V1. Anyway, those funds are pittance funds. What can 100BTC do? Not much.

We need real resources to fund such an important development.

10% - reserved for the core development team to fund development of the NCC and NIS up to the release of V.1 of the blockchain.
10% - reserved for the core development team to fund development of the NCC and NIS after the release of V.1 of the blockchain.
5% - reserved for the extended development team; those who are working on promoting NEM and the NEM ecosystem

are you saying that 25% will be just 100btc and the market for NEM will plummet to something like 250 000 dollars Huh

Even with marketcap of 5 000 000 million, development fund should be considered significant in any way!

How does one get hold of those funds? Coins are not released yet and there is no NEM coins in circulation. Plus the NEM stakes are for the community to claim, not for development. To me it was an oversight and everything is snookered here.

Further, the funds were meant to fund the current core team for their work until V1. Post V1, there will be some 10% left. But that is too late. We cannot be serially acting on roll outs. If there is a way to do things parallel, we should look at that as an alternative.

Can't you work for a stake ? I understand that there is a 5% =200 stakes reserved for ecosystem development. It is worth 200.000 $ at least.

If you look at the development contract, you will note that the current batch of developers will be rewarded for the time and effort they put in to get the ecosystem off the ground. There was no provision at all for spending parallel to this effort to make things happen faster. There is even no provision to engage professional marketing help. It was definitely an oversight.

Those stakes that you refer to as 5% is supposed to be allocated. But how does one get to it? Would anyone, i.e., a professional developer who is here for the money want to wait until this thing launches before he gets his pay? No one is certain about that.

Basically, there is no one who can make this decision other than the devs themselves. I think what @Makoto is driving at, instead of just staring at the jewels in the encased container, let's work on being an element in the ecosystem and start working on great things.

What is in that container is really up to the devs anyway with what they want to do with it post V1.

Launch the coin and API sooner rather than later. You can unlock the fund and other potentials that way. How can you raise fund otherwise if you have nothing to show yet ? I test the alpha and it seems stable enough. One the outside, it looks better than most other coin launch.

ARGpentem

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