<<  >> (p.29)
    Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2987669 times)
    This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
    Conurtrol
    Sr. Member
    ****
    Offline Offline

    Activity: 478
    Merit: 250


    View Profile
    June 22, 2014, 11:37:10 AM
     #561

    Ok

    Just thrpwing some words out there which could replace 'foraging'

    -yielding
    -reaping
    -Harvesting ( as we all know)
    -garnering

    Or NEM could make up its own term as appose to using a dictionary term

    for instance

    'NEMering'

    I like Nemering, might just call it 'Nemming'.

    Some unique word would be my preference.
    I like Nemering as well, +1 some unique word will be better...

    Nemering  would be a unique term, but it also is a city in Germany Smiley
    http://www.strassenverkehrsamt.de/lokal/nemering-94571


    We will make it the capital of the New Economy Movement and make our own flag Smiley

    Once we become rich enough we will get our own army and air force too.

    Bitcoin miners are firstly looking for reward blocks, and then secondly backing up the network.  The word "miner" is good because it shows that they are randomly trying to get gold (bitcoin).

    But in our system people that run a node can't have their primary goal be to earn fees.  NXT has run into this problem.  From a economic perspective, forging in NXT is a losing game.  Most people that are not original founders of NXT will not earn enough fees from NXT to pay for electricity.  Why?  Because there are no block rewards, but instead only transaction fees.  

    The main motivation behind forging/mining in NEM should be to protect our stakes.  As stakeholders, if we don't run nodes, then the network will fall apart.  I think a word for forging/mining in  POI system should emphasis, not the rewards from fees, but the fact that a person running a node is vested in protecting the network from attack.  

    Something like "gating" or "guarding" is literally more what is happening.  

    I like a word more like "backing" though.  As "backers" a person is "backing up" the network, but also getting NEM "back" as a reward.  Additionally, "backers" would be the "backbone" of the network.

    Can anybody else think of a word that focuses on maintaining the network but also infers getting a reward?

    +1. This is an important point to take in to consideration. If you call it foraging or harvesting then some people will be confused and possibly upset when they never get any Nem.
Page 28
Viewing Page: 29