For the unclaimed stakes, the idea of putting them into a venture capital fund to feed the NEM ecosystem seems to have a lot of support. This fund would be a legal entity that is incorporated in some country and will be managed by professional fund managers who have their identities public. This would be completely outside of the control of the NEM dev team. All NEMsters would benefit by having the fund pay dividends to stake holders.



How would this fund work in practice? . I mean if you issue the fund with unclaimed stakes, the only way they can use them to invest in anything is to dump NEM on the market for BTC/cash or am I missing something?

i think you are pointing out a very valid conflict with free ipos. some people got it for free(or a minimal pocket change) at the start cause they were lucky enough to be at the right place at the right time, and the rest gets kinda left behind. so basically some get gifted, some not. that makes it even harder to convince people to invest into something, others got for nearly free.

This makes it necessary that you offer really strong reasons for new people to join the movement! Its hard to convince people to join something that gives and in the process of it give someone else a 1000% profit on his investment. Not to say its not gonna work!

All for the same reason why  unclaimed and sock coins should not be burnt. It will only consolidate the holdings of the balance of NS to a better position when most got them for literally next to nothing.

Agree. It would be better to actually use the non-claimed stakes for something useful that boosts the project in one way or another.

I think you have a simple conflict here.. people who already got their cheap stakes and want to have even more profit vs. people who stumbled upon NEM at a later point in time and want to join the movement without spending lots more than the original stakeholders. Id say its a basic greed game...

im quite excited how this one plays out

You know what? I came in late to the game and I had no freebies. I paid high for my stakes in the AE. And I ain't complaining at all. I am dead against giving more freebies. Sometimes, it makes one get angry because in the first place all these fudsters and trollers are just kicking so much dust without ever helping the cause at all. They only arouse bad thoughts among the weak followers. They are good for nothing and they deserve nothing at all.

It is at these times, that I favor centralized decisions and cut the shit out of everyone, so long  that the conscience is clear and that something good is done and no fund is being squandered away. After all, most came with nothing and should deserve nothing if they don't contribute. At least the devs contributed to the very existence of NEM. Even if they say they want to control, we should be happy that many of us got them for almost next to nothing. In a level playing field, who should deserve more, the fudsters? The trollers? The fence sitters? The supporters? The AE owners like yours truly who paid probably 50 times more than some and infinitely more than the rest? The contributors? The devs and core team?

I leave that for you all to answer. And if no one has a better answer, it is better to STFU.

Sorry this is just too long of a thread to keep up with, but what was the reason you lose 25% if you missed the Phase 1 deadline?

It was basically a compromise of lots of people wanting different things so that was the middle ground.

A PENALTY for those who dont keep up with the thread/project and participate at least once in a while.

And how would you propose to do that?

Precisely the point. If you cannot have an answer it is also likely no one has the answer because it is not possible. How can a BTT account be clean from hackers who will be hacking their lives away to claim the NEM Stakes? BTT accounts are beyond anyone's control in the NEM development.

Don't need a rocket scientist to think this through.