NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[jadedjack]

And has anybody kept track of how many scams and thefts occurred on that platform? It is a very large number I am sure.

I'm listening. How many involved breaches or break down in Nxt's technology i.e. the algos?

You know that is a very good question. Certainly there was a fiasco regarding the public key or lack of and required emergency measures to fix. But what else. There were a number of very large suspicious thefts. One of the largest forgers today is the thief who ripped off DGEX, Klee, and BTER.
How did that "encryption expert" find the passkey to the nemesis block so easily? And he as the one that proclaimed that the nxt algo was secure and was paid for that proclamation. Shortly after that was the public key fiasco, when it was found things were not so secure.

Disturbing

[Daedelus]

And has anybody kept track of how many scams and thefts occurred on that platform? It is a very large number I am sure.

I'm listening. How many involved breaches or break down in Nxt's technology i.e. the algos?

You know that is a very good question. Certainly there was a fiasco regarding the public key and required emergency measures to fix. But what else. There were a number of very large suspicious thefts. One of the largest forgers today is the thief who ripped off DGEX, Klee, and BTER.
How did that fellow find the passkey to the nemesis block so easily? And he as the one that proclaimed that the nxt algo was secure. Shortly after that was the public key fiasco, when it was found things were not so secure.

Disturbing

Public key fiasco, Links?

Bter theft was a weak password (his mums name? don't quote me) without any 2FA.

The genesis block passphrase was a sentence from a famous book. It was intended to be found, but it surprised CfB how quickly it was. They guy who found it then went on to be a very technical and helpful consultant for Nxt's ideas. There is nothing you could ever do with the passphrase, it is just a curiosity now.


TL:DR - Nxt's technology has never been hacked. Exchanges have been hacked but thefts so far are human error of one sort or other.

[rockethead]

Really quite sick of seeing people from NXT throwing shit in NEM related threads. The hypocrisy of it is annoying and it is otherwise just simply pathetic.

saying NXT "probably" consisted largely of sockpuppets is a massive understatement. The number of sockpuppets the NEM devs managed to remove was a big eye opener to how greedy and self centered most people are on BTT (which is of no surprise really as BTT is a small community).

Money talks, bullshit walks. One thing you can guarantee is most people did their utmost to own the biggest nxt share possible. Probably just a few Bitcoin whales looking for a toy to play with.

Would be a fair assumption that most of those 70 holders was actually significantly less in terms of unique people.

The biggest problem with nxt is not the distribution. It is what followed.

Like their "marketing"
(1) How "nxt" will help poor people.
(2) Anti-US clips (snowden and crap)
(3) Promoting features that are not implemented yet and might never and probably will not ever get implemented
(4) Stealing copyrighted videos and stamping nxt logo on them

And has anybody kept track of how many scams and thefts occurred on that platform? It is a very large number I am sure.

NEM does #1 and #3 also.

There are members in the NEM community that are just as bad as some members in the NXT community.

Like some average joe who wants to make it sound like he is from Nevada, hiding behind the trees of British Columbia, socking all over with new names and having verbal diarrhoea, hopping from one project to another project?

Yes, the entire crypto community should rid of these low lying scum bags and shit up characters. In any case, these are the people who are preventing the growth of the crypto economy. Don't know why they need to be here. They should be in some mental institutions instead. My analysis is they are all failures in life. Not probably, they are.

[mrvegad]

Really quite sick of seeing people from NXT throwing shit in NEM related threads. The hypocrisy of it is annoying and it is otherwise just simply pathetic.

saying NXT "probably" consisted largely of sockpuppets is a massive understatement. The number of sockpuppets the NEM devs managed to remove was a big eye opener to how greedy and self centered most people are on BTT (which is of no surprise really as BTT is a small community).

Money talks, bullshit walks. One thing you can guarantee is most people did their utmost to own the biggest nxt share possible. Probably just a few Bitcoin whales looking for a toy to play with.

Would be a fair assumption that most of those 70 holders was actually significantly less in terms of unique people.

The biggest problem with nxt is not the distribution. It is what followed.

Like their "marketing"
(1) How "nxt" will help poor people.
(2) Anti-US clips (snowden and crap)
(3) Promoting features that are not implemented yet and might never and probably will not ever get implemented
(4) Stealing copyrighted videos and stamping nxt logo on them

And has anybody kept track of how many scams and thefts occurred on that platform? It is a very large number I am sure.

NEM does #1 and #3 also.

There are members in the NEM community that are just as bad as some members in the NXT community.

Like some average joe who wants to make it sound like he is from Nevada, hiding behind the trees of British Columbia, socking all over with new names and having verbal diarrhoea, hopping from one project to another project?

Yes, the entire crypto community should rid of these low lying scum bags and shit up characters. In any case, these are the people who are preventing the growth of the crypto economy. Don't know why they need to be here. They should be in some mental institutions instead. My analysis is they are all failures in life. Not probably, they are.

I don't live in British Columbia.

[MrPortMan]

Per everybody, there is an ongoing debate about who controls what in NEM/NXT.  It appears somebody is representing the NXT community by telling lies about NEM, which ultimately I think looks bad on the NXT community.   

I would like to clear it up with some facts and hard numbers that I just posted elsewhere. 

Okay......

Per the debate about distribution that everybody is having.  Here are the hard facts.  The real hard facts. 

74% of NXT is all held by 143 accounts (not far off from the original 70 that originally had 100%)  Or in other words 0.13% of NXT accounts own 74% of all NXT.  https://nxtblocks.info/#section/blockexplorer_distribution

74% of NEM is held by only 100 accounts, which looks worse until you release that almost 2/3 of that 74%, (e.i., almost exactly half of all XEM) is money being held not by individuals but by funds held in multisig accounts set aside for massive development and ecosystem projects. http://blockexplore.in/search/richlist/  And when you exclude those special funds to fuel projects, what is left is one of the most amazing distributions of any crypto.  http://blockexplore.in/graphs/bubble-chart-no-dev/

Everything is right! Forwards with NXT aren't right and have to apologize or have to leave our community.

[rockethead]

Really quite sick of seeing people from NXT throwing shit in NEM related threads. The hypocrisy of it is annoying and it is otherwise just simply pathetic.

saying NXT "probably" consisted largely of sockpuppets is a massive understatement. The number of sockpuppets the NEM devs managed to remove was a big eye opener to how greedy and self centered most people are on BTT (which is of no surprise really as BTT is a small community).

Money talks, bullshit walks. One thing you can guarantee is most people did their utmost to own the biggest nxt share possible. Probably just a few Bitcoin whales looking for a toy to play with.

Would be a fair assumption that most of those 70 holders was actually significantly less in terms of unique people.

The biggest problem with nxt is not the distribution. It is what followed.

Like their "marketing"
(1) How "nxt" will help poor people.
(2) Anti-US clips (snowden and crap)
(3) Promoting features that are not implemented yet and might never and probably will not ever get implemented
(4) Stealing copyrighted videos and stamping nxt logo on them

And has anybody kept track of how many scams and thefts occurred on that platform? It is a very large number I am sure.

NEM does #1 and #3 also.

There are members in the NEM community that are just as bad as some members in the NXT community.

Like some average joe who wants to make it sound like he is from Nevada, hiding behind the trees of British Columbia, socking all over with new names and having verbal diarrhoea, hopping from one project to another project?

Yes, the entire crypto community should rid of these low lying scum bags and shit up characters. In any case, these are the people who are preventing the growth of the crypto economy. Don't know why they need to be here. They should be in some mental institutions instead. My analysis is they are all failures in life. Not probably, they are.

I don't live in British Columbia.

Don't want to know and don't care.

[mixmaster]

I think it's good and even necessary that they have such a large fund for development and marketing if it will indeed be used for such purposes and not personal gain.

Also btw what happened to the silver coin for stakeholders? No talk of that anymore.

I have seen this asked before but never answered.

Read "2.1.2 Silver Coins for Distribution to Initial Stakeholders" in the Development Contract.

[mrvegad]

Really quite sick of seeing people from NXT throwing shit in NEM related threads. The hypocrisy of it is annoying and it is otherwise just simply pathetic.

saying NXT "probably" consisted largely of sockpuppets is a massive understatement. The number of sockpuppets the NEM devs managed to remove was a big eye opener to how greedy and self centered most people are on BTT (which is of no surprise really as BTT is a small community).

Money talks, bullshit walks. One thing you can guarantee is most people did their utmost to own the biggest nxt share possible. Probably just a few Bitcoin whales looking for a toy to play with.

Would be a fair assumption that most of those 70 holders was actually significantly less in terms of unique people.

The biggest problem with nxt is not the distribution. It is what followed.

Like their "marketing"
(1) How "nxt" will help poor people.
(2) Anti-US clips (snowden and crap)
(3) Promoting features that are not implemented yet and might never and probably will not ever get implemented
(4) Stealing copyrighted videos and stamping nxt logo on them

And has anybody kept track of how many scams and thefts occurred on that platform? It is a very large number I am sure.

NEM does #1 and #3 also.

There are members in the NEM community that are just as bad as some members in the NXT community.

Like some average joe who wants to make it sound like he is from Nevada, hiding behind the trees of British Columbia, socking all over with new names and having verbal diarrhoea, hopping from one project to another project?

Yes, the entire crypto community should rid of these low lying scum bags and shit up characters. In any case, these are the people who are preventing the growth of the crypto economy. Don't know why they need to be here. They should be in some mental institutions instead. My analysis is they are all failures in life. Not probably, they are.

I don't live in British Columbia.

Don't want to know and don't care.

By the way, nice personal attack MR.Altnemo. Please show a post of mine where I have personal attacked anyone from the NEM community.

[MrPortMan]

#account name             name of cosignatory 1        name of cosignatory 2   ....
Sustainability Fund      BloodyRookie                   gimreC                                Makoto1337  mixmaster

Marketing Fund           gimreC                             Makoto1337                           jabo38s        kodtycoon   mixmaster

Operational Costs        BloodyRookie                    Makoto1337                           kodtycoon     jabo38s           mixmaster

Pre-V1 Fund               BloodyRookie                   Makoto1337                      gimreC        Jaguar0625   jabo38s   kodtycoon  

Post-V1 Fund              BloodyRookie                   Makoto1337                      gimreC        Jaguar0625   mixmaster   kodtycoon

Contributors               BloodyRookie                   Makoto1337                      jabo38s        kodtycoon      

These are the people in charge of the funds, it's up to you to decide if you trust them. This information plus more is in the nemesisData file in the nem-infrastructure-server-0.6.28-BETA jar.

That is pretty accurate.  But it is soon changing and Saul is also a signer on some of the accounts.  The results come from breaking down the Sustainability Fund into its smaller individual funds.    

Also, we realize that anyone person can't ever be trusted in crypto, and that is the point that those funds were all put in N of N multisig.  So you don't have to trust all of us, you need only trust that at least one person in each group is being honest and diligent.  




Furthermore this funds are being set aside to fuel some pretty cool projects that we hope will make NEM a much greater and much more valuable platform. 

Everything is right. I all attacking from NXT said for a long time about it that nobody owns alone funds of development, and that all funds are protected multi-signatures. Anybody alone won't be able to steal a coin. Show this picture all attacking from NXT more often that they saw as actually affairs are. I would would like to become CoSigner for funds, but I am afraid to bring team and not so well I know English, it is necessary to translate from English into Russian and from Russian into English. Russian my national language. Because of it from time to time there is a misunderstanding. But if I in perfection knew English that would ask for CoSigners in order that it was visible to the trolls attacking from NXT that funds all under protection of good people. It is possible to rely on me I for honesty, conscience, justice, true democracy!

[MrPortMan]

In NXT 143 accounts own 74.80% of all coins. There is no equitable distribution.

https://nxtblocks.info/#section/blockexplorer_distribution

[MrPortMan]

By the way, quite recently, i carried out the analysis between XEM and NXT to whom you can interestingly esteem in my native Russian in russian thread :

https://asktom.cf/index.php?topic=455591.msg11128478#msg11128478

[msin]

Let's all agree that crypto distribution in general is shit. Why? Because very few people are interested in crypto, and much less are interested in anything but BTC.

[xtester]

Guys, lets stop with the Nxt - NEM trashing. It really doesn't bring anything. This is not the Nxt thread but rather the NEM thread. Let's keep it on course.

[tyz]

You are right, but NXT is still much more distributed than Bitcoin for instance. What is the definition of well or equally distributed? NEM has indeed a better distribution than most of the alts but only among under a few thousands of users, so that is not really a good distribution as well.

In NXT 143 accounts own 74.80% of all coins. There is no equitable distribution.

https://nxtblocks.info/#section/blockexplorer_distribution

[CryptoCurrencyInc.com]

Guys, lets stop with the Nxt - NEM trashing. It really doesn't bring anything. This is not the Nxt thread but rather the NEM thread. Let's keep it on course.

This is the official thread for XEM v.s. NXT discussion.
https://asktom.cf/index.php?topic=1035014.0

[TaunSew]

Everything is right. I all attacking from NXT said for a long time about it that nobody owns alone funds of development, and that all funds are protected multi-signatures. Anybody alone won't be able to steal a coin.

The question is not about stealing funds. The question is that 6 people, when you add their personal development stakes, future  development, and unclaimed stakes  ended up controlling 71 % of the coins. 50% of which are  still not distributed. Remember they started with 25% development stake and that number ended up with 71%.  As more of these coins are  dumped in the market, prices would go lower and lower.

Then wait until that 50% is sold and then buy XEM at half the price.  

Eadeqa... as for your other points... do we need to be reminded by Klee who had a "dog ate my homework" excuse for the NXT community fund "disappearing"?  He's no longer a NXTer, so you have the greenlight from NXT to do character assassinations on him and probably he did steal that money, but allegations are difficult to prove.   Cosigning funds are meant to prevent those "dog ate my homework" stories and so far they've prevented them in NEM.  

[Eadeqa]

NEM has indeed a better distribution than most of the alts but only among under a few thousands of users, so that is not really a good distribution as well.

This isn't true. Even if we ignore the fiasco about  the unclaimed stakes, there are plenty of PoW and PoS coins that have similar and or even much distribution (mintcoin, nfd, node, crypti, or take auroracoin where the developer was honest and tried his best to distribute stakes by verifying ID). All these coins failed miserably, by the way.

[3x2]

NEM has indeed a better distribution than most of the alts but only among under a few thousands of users, so that is not really a good distribution as well.

This isn't true. Even if we ignore the fiasco about  the unclaimed stakes, there are plenty of PoW and PoS coins that have similar and or even much distribution (mintcoin, nfd, node, crypti, or take auroracoin where the developer was honest and tried his best to distribute stakes by verifying ID). All these coins failed miserably, by the way.

Auroracoin dev was honest? really? 

[Eadeqa]

NEM has indeed a better distribution than most of the alts but only among under a few thousands of users, so that is not really a good distribution as well.

This isn't true. Even if we ignore the fiasco about  the unclaimed stakes, there are plenty of PoW and PoS coins that have similar and or even much distribution (mintcoin, nfd, node, crypti, or take auroracoin where the developer was honest and tried his best to distribute stakes by verifying ID). All these coins failed miserably, by the way.

Auroracoin dev was honest? really?  

Absolutely. There is no proof his intention was to deceive people, and just last week he burned the remaining premine coins  as he promised two years ago


https://asktom.cf/index.php?topic=446062.msg11167491#msg11167491

[Hollowman338]

Any faucets up and running yet?