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

[NorrisK]

Cryptoland is funny when it comes to price analysis  

1. before launch: coin x is gonna be great! Gamechanger!  To the moon and especially beyond bitcoin.
2. at launch: hodl! No one's gonna dump price will go boom
3. at first dump (1 hour after 2.): dump is good!  Coin x at cheap prices!
4. at 5% rebounce: see!  Coin x is gonna hit #2 on coinmarketcap within days!
5. day after & 20% lower: weak hands are dumping, cheap coins!
6. several weeks later at ridicously low prices: this coin is for the long run, not for speculation.  We have a great community and the best devs!
...
7. coin x gets removed from some shady exchange with a trillion other coins waiting the same destiny.


Not saying this is the case for XEM but evey single price speculation post/thread looks alike.

About every new coins release in the last months looks like this!

You can expect people to dump if they get a chance to get free money.. It's normal, especially in countries where 500-1000 USD means more then in a developed country..

[Kolbas]

My belief is that the success of NEM lies in the main idea that NEM is a movement. If you're trying to find the way in economy and finance, then NEM isn't much more interesting than other new systems with features: Ethereum, NXT, NODE, Bitbay, Qora. But remember Doge, just another Bitcoin fork! It became popular because of fun, memo...
I think NEM should keen on something political, more ideology. Something about society, history, progress, freedom. Maybe get in touch with some pirate and internet parties, anarchy movements... Something like that.

Although i completely agree, you're really opening up a can of worms here - especially with any political affiliation. (Pretty sure this was already discussed back on the Nemforums)

With the controversy surrounding political ideals this is something that could end terribly. I think nem needs to distance itself from anything political and focus primarily on the "sound money" aspect.

With this in mind though, there are a few and far between politicians that understand the importance of sound, honest money and the ramifications should it not be so. Ron Paul is certainly the one i know comes to most peoples minds. Especially in the Crypto sphere.

Case in point:

https://www.youtube.com/watch?v=q3SOlXxUBLk

Well, let's see what came in mind to me. The community may start some initiatives that will be strongly supported by NEM itself and widely advertised. When asset exchange will be ready, the according assets will be created to fund the initiatives. These initiatives can be, for example: Open Charity, Open Sourse Food and Open Science. The idea is to fund creation of organisations based on principles of openness, absolute freedom of information.
For example, Open Sourse Food will help create farms and factories where each stage of food manufacturing process is visible through webcams and all documents are open. What will you prefer, to buy food made by such manufacturer, even if it costs more? Or food that you don't know how it was made?
Open Science may help to create scientific communities in the Internet and fund researches. Is it better to find talented colleagues worldwide and work together?
And charity is a good idea, NEM may start it's work with helping the poor and ill. And help to create charity organisation where somehow each donator will be sure that money goes to where needed.

Sure some of these ideas and initiatives already exists. Well, that's better, maybe support these people. I've read about interesting organisation Open Source Ecology http://opensourceecology.org/

[rigel]

My belief is that the success of NEM lies in the main idea that NEM is a movement. If you're trying to find the way in economy and finance, then NEM isn't much more interesting than other new systems with features: Ethereum, NXT, NODE, Bitbay, Qora. But remember Doge, just another Bitcoin fork! It became popular because of fun, memo...
I think NEM should keen on something political, more ideology. Something about society, history, progress, freedom. Maybe get in touch with some pirate and internet parties, anarchy movements... Something like that.

Although i completely agree, you're really opening up a can of worms here - especially with any political affiliation. (Pretty sure this was already discussed back on the Nemforums)

With the controversy surrounding political ideals this is something that could end terribly. I think nem needs to distance itself from anything political and focus primarily on the "sound money" aspect.

With this in mind though, there are a few and far between politicians that understand the importance of sound, honest money and the ramifications should it not be so. Ron Paul is certainly the one i know comes to most peoples minds. Especially in the Crypto sphere.

Case in point:

https://www.youtube.com/watch?v=q3SOlXxUBLk

Politic doesn't mean affiliating with a politician or a party.

Politic means fixing some principles and ideas that we share. I think we absolutely need a manifesto.

[xtester]

Here is something I wrote almost one year ago regarding the equality experiment NEM is performing. I think most of my points are still valid and it might be useful for a lot of people here to understand the difference between equality of opportunity(something we desire) and equality of outcome(unwanted). As important as our distribution is, it remains to be seen what effect this will have on NEM. Positive effects will only be possible if we find a way to really leverage our distribution. Anyway, we are passed that now and much more potent(and counter-intuitive) market forces seem to decide where the market is going. As we have seen with bitcoin, doge, or even nxt, there's always a narrative which almost makes sense in hindsight, yet reality does not seem to obey such modus operandi. In fact this is precisely why we have something called the narrative fallacy.


NEM's Great Equality Experiment And The Marshmallow Test

What Equality Means?

The other day I found myself reflecting on NEM, what it is and what we all want to make of it. It seems there is a great discussion going on in the world regarding inequality and so NEM equality experiment comes at the precisely right point in time. As usual I think people focus on the wrong things. We should strive to give people equal opportunities, but they are not and should not be equal in outcome. In fact, though most of us start as equal now, I have no doubt we will not end as equal. If high productivity people work and risk 10x more than the other people, it's common sense that they should also be rewarded 10x more. Indeed, I think this kind of inequality is a natural and even necessary effect of the free market. If you would want to cut this kind of inequality off, you would also have to cut startups, inventions and innovations with it, since this may be the greatest driver for that.

Here are two quotes with which I tend to agree:

Worry about skin in the game, not inequality. Worry about equality in opportunity not outcome. Worry about the powerful corporations taking over the system via lobbyists and blocking artisans. Worry about the class of privileged mandarins-WNSITG (with no skin in the game) taking over the system via "grandes ecoles"..." - Nassim Nicholas Taleb

Free people are not equal, and equal people are not free. - Unknown

NEM And The Altcoin Landscape

Unfortunately the altcoin landscape is currently plagued with cheap scams and elaborate pump and dump schemes along with a horde of impulsive people enjoying playing this game. However NEM has nothing to do with this landscape. While we may well go through a cambrian crypto-explosion phase, NEM seems to be already between the fittest and is only getting stronger every passing day.

I know things are more complex but for the sake of simplicity consider the following graph:

                                                                             The Altcoin Landscape

                                
                             Cheap Scams          Elaborate Scams             Clones                Low Innovation         Deep Innovation
                                      I--------------------I--------------------I--------------------I--------------------I

       Approx. Time:        1 Day                      1 Week                  1 Month               3 - 6 Months                1 Year

      Approx. Difficulty:      1/10                       2/10                       4/10                       6/10                       10/10

Approx. Value Created:    1 btc                      10 btc                     50 btc                    100 btc                    10000 btc



You must understand that while it would take 1 day to create a cheap scam, 1 month to clone a complex coin like Nxt, it would probably take at least about 1 year to invent a deeply innovative coin if you have all other necessary resources at your disposal¹(Nxt would be good example of that). Indeed, it would be both stupid and frustrating to confuse deep innovation with clones or low innovation and demand otherwise. NEM aims to bring deep innovation on multiple levels, so when the alpha version along with more interesting details will be disclosed, I think a lot of people will get very excited and some will even get nervous. Indeed this could be one of the most important developments of the altcoin world in 2014. But as you might understand, until the right moment comes, most of these details need to be kept secret for obvious strategic reasons.

Anyway, starting with our extremely competent and responsible dev team, our large, talented and diverse community, our fair distribution and equality experiment, I think you can all see that with each passing day NEM is evolving to be a whole different kind of creature, unlike anything you have seen it the altcoin world until now. But in order to see that, you must get out of the noisy and impulsive crowd and focus on the signal. If you look close enough I'm sure you won't be disappointed.

The Marshmallow Test And Financial Freedom

It seems there are two major impediments on the road to financial freedom. One of them is the economic and banking system which we are trying to solve at least partially through NEM. The other one is a bit more counter-intuitive and less thought of, it's ourselves(with all the decisions and wrong moves we make). If we want to achieve something we must shift from a consumer mindset to a producer mindset, and therein lies the key.

Looking at the marshmallow experiment which emphasizes self-control and delayed gratification as a better predictor of success than IQ, I can only wonder what all those people selling NEM now will think in a couple of months.

If you would have to choose between receiving 1.5 btc for your share now or delaying gratification to receive at least 10x that amount in a couple of months, what would you choose?

If self-control and delayed gratification are a good predictor of success, it seems quite obvious to me, impulsivity may be an even better predictor of failure.

So in the end, I can only say be wise and make smart decisions because although we all start with an equal opportunity, ultimately our decisions, contributions and productivity will decide our outcome, and trust me, as it looks, there won't be any equality in that.



References
¹ Through necessary resources I mean an enormous amount of brain power, time and energy to invest and conceptualize such a novel technology and an even greater amount of brainpower, time, energy and determination to transform things from the realm of ideas to reality. But it gets even more intriguing, since although these resources are necessary, in a lot of cases they may still not be sufficient.

[CryptoCurrencyInc.com]

A voting poll was created for XEM coin v.s. NXT coin.

Cast your vote today if you are a supporter of XEM coin
https://asktom.cf/index.php?topic=1035014.0

[Eadeqa]

Don't think so that banks seeing NEM will make us rich ...
What is your reasoning?

I think he was trying to say it is hypocritical. Many in the cryptocommunity like to dwell on the "fairness" of whatever coin they are holding but in reality they couldn't care less about what's fair. Everyone is in it for personal gain.

The whole 'fairness' thing comes out as hilarious joke by now, and all these coins with "fairness" slogan (blatantly trying to attack Nxt) have failed (NFD, Nem, Node). First, the distribution isn't even fair as 71% of coins are controlled by six people. (those coins are not shown in the graphs posted by fans). (2) There is nothing fair about the distribution as 99.99995% of humans have actually zero nem.  

One lesson learned here:  More 'fairer' the distribution, the worst it does on the market as there is no one around to buy in a dying (the entire crypto scene) market.

I expect the  volume and price to drop significantly more as it's still new.

[greentea]

The whole 'fairness' thing comes out as hilarious joke by now, and all these coins with "fairness" slogan (blatantly trying to attack Nxt) have failed (NFD, Nem, Node). First, the distribution isn't even fair as 71% of coins are controlled by six people. (those coins are not shown in the graphs posted by fans). (2) There is nothing fair about the distribution as 99.99995% of humans have actually zero nem.  

One lesson learned here:  More 'fairer' the distribution, the worst it does on the market as there is no one around to buy  dying (the entire crypto) scene market.

I expect the  volume and price to drop significantly more as it's still new.

I wonder why NXT feels so threatened here ...

[jadedjack]

Don't think so that banks seeing NEM will make us rich ...
What is your reasoning?

I think he was trying to say it is hypocritical. Many in the cryptocommunity like to dwell on the "fairness" of whatever coin they are holding but in reality they couldn't care less about what's fair. Everyone is in it for personal gain.

The whole 'fairness' thing comes out as hilarious joke by now, and all these coins with "fairness" slogan (blatantly trying to attack Nxt) have failed (NFD, Nem, Node). First, the distribution isn't even fair as 71% of coins are controlled by six people. (those coins are not shown in the graphs posted by fans). (2) There is nothing fair about the distribution as 99.99995% of humans have actually zero nem.  

One lesson learned here:  More 'fairer' the distribution, the worst it does on the market as there is no one around to buy  dying (the entire crypto) scene market.

I expect the  volume and price to drop significantly more as it's still new.

What is not a joke is how many suckers you nxt people duped with your lies and false promises and then you  proceeded to further scam and rob them.

[Eadeqa]

What is not a joke is how many suckers you nxt people duped with your lies and false promises and then you  proceeded to further scam and rob them.

Who  is "you nxt" people? I have more nem than nxt (percentage of total coin wise). Don't let the facts slap you in the face. Everything I said was true.

[gimre]

I expect the  volume and price to drop significantly more as it's still new.

There are late comers coming, and despite all the audits that the team did, I believe some socks will be there as well, and I expect nothing else than dumping.

Ergo, one does not have to be a genius to get to your conclusion.

[teppupkcos]

Don't think so that banks seeing NEM will make us rich ...
What is your reasoning?

I think he was trying to say it is hypocritical. Many in the cryptocommunity like to dwell on the "fairness" of whatever coin they are holding but in reality they couldn't care less about what's fair. Everyone is in it for personal gain.

The whole 'fairness' thing comes out as hilarious joke by now, and all these coins with "fairness" slogan (blatantly trying to attack Nxt) have failed (NFD, Nem, Node). First, the distribution isn't even fair as 71% of coins are controlled by six people. (those coins are not shown in the graphs posted by fans). (2) There is nothing fair about the distribution as 99.99995% of humans have actually zero nem.  

One lesson learned here:  More 'fairer' the distribution, the worst it does on the market as there is no one around to buy  dying (the entire crypto) scene market.

I expect the  volume and price to drop significantly more as it's still new.

What is not a joke is how many suckers you nxt people duped with your lies and false promises and then you  proceeded to further scam and rob them.

Hell boy there be nothing wrong with nxt coin. YES YES YES from what it looks distribution was and still is complete shit.
As a platform it's impressive and some folk got rich, good luck to them and why not Dude.
Focus energy on making NEM the NEW Economy Movement not responding to WANKERS comments.
Not really into Alts but NEM has something about it.

[BldSwtTrs]

When I try to install the NEM wallet I have an error message saying that there is no version of Java detected on my computer yet there is Java 8 installed. When I install the latest version of Java wiith the lastest update, just to be sure, I still have the same error message. What to do?

[DenisZabar]

When I try to install the NEM wallet I have an error message saying that there is no version of Java detected on my computer yet there is Java 8 installed. When I install the latest version of Java wiith the lastest update, just to be sure, I still have the same error message. What to do?

First this https://www.java.com/en/download/installed.jsp

If you cant verify you didnt install java correctly

[dandruff1138]

When I try to install the NEM wallet I have an error message saying that there is no version of Java detected on my computer yet there is Java 8 installed. When I install the latest version of Java wiith the lastest update, just to be sure, I still have the same error message. What to do?

are you on a 32 bit rig?

[mixmaster]

When I try to install the NEM wallet I have an error message saying that there is no version of Java detected on my computer yet there is Java 8 installed. When I install the latest version of Java wiith the lastest update, just to be sure, I still have the same error message. What to do?

As dandruff1138 already implied you are mostlikely using Java 8 32 bit. The installer works with 64 bit Java 8 only. So you have 2 options:
1) Install Java 8 64 bit (recommended, if you are using a 64 bit machine/OS)
2) Use the NEM standalone version

Generally, please check
- the tutorials: http://blog.nem.io/nem-tutorial-list/
- the FAQs: http://nem.io/faq.html
- the forum: https://forum.ournem.com/

A lot of issues/questions are already answered many times.

If you still can't find an answer/solution, contact the NEM support: http://support.ournem.com/

[jabo38]

The whole 'fairness' thing comes out as hilarious joke by now, and all these coins with "fairness" slogan (blatantly trying to attack Nxt) have failed (NFD, Nem, Node). First, the distribution isn't even fair as 71% of coins are controlled by six people. (those coins are not shown in the graphs posted by fans). (2) There is nothing fair about the distribution as 99.99995% of humans have actually zero nem.  

One lesson learned here:  More 'fairer' the distribution, the worst it does on the market as there is no one around to buy  dying (the entire crypto) scene market.

I exhttp://www.anony.ws/image/DUji
pect the  volume and price to drop significantly more as it's still new.

I wonder why NXT feels so threatened here ...

That guy is a known lying troll. Not just of NEM but any coin that he thinks threatens NXT. Most NXTers are really embarrassed because of him doing this kind of thing many times elsewhere.

He knows for a fact that NEM is not controlled by 6 people. But it is a known and indisputable fact that 20 accounts (many of which might have been sock puppets as NXT had no sock puppet clearing) controlled over half of NXT.

71% of coins are not held by 6 people. I posted the chart of the coins released earlier without development and community funds earlier.  But I'll post the chart with those funds now. Btw, those funds are all in multisig with 9 different people as signers.  Most of which are not main devs.
http://www.anony.ws/image/DUji

[mrvegad]

#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.

[Eadeqa]

That guy is a known lying troll. Not just of NEM but any coin that he thinks threatens NXT.

That's an absolute lie. I have never said anything negative about any top 20 coin. Post proof for your lie, asshole. Post the link where I trolled any top 20 coin. I will bet you won't post proof because you are a liar.  What I said is actually true. 71% of nem  are controlled by 6 people. I warned you guys to burn unclaimed stakes or I am going to complain about it forever.

Nothing I said was a lie.

[nextgencoin]

The truth is this, NXT apart from the fact the developer probably made quite a bit (just like Satoshi) was similar to any other coin. What people hate is a few people got rich from it.

Apart from them people bought NXT on the open market with Bitcoin that served a good way to fairly distribute. I mean if you are willing to spend your Bitcoin then you are personally using up the wealth you have to buy. NEM distribution is by committee not market so actually its a warped distribution that many could of manipulated. The best distribution has been ICO sales like GEMS when people have to risk their hard earned coins to invest in the coin. And you end up with a large number of investors with quite an even distribution. So please if you support NEM never mention fairness or good distribution cause you make yourself look foolish.

And just incase you didn't get it the only reason people are interested in new coins is the UNFAIR distribution of them. What if everyone in the world got a share of a coin, maybe 1 dollar or a few cents. Would anyone care? No, what attracts people to this forum is the chance to benefit from an 'unfair' distribution, anyone who denies that is lying to themselves. 

[apullman]

When I installed the NEM client (v0.6.28) and imported my private key the balance showed 0 XEM. The private key correctly loaded the same address that I sent in. I also set it to primary account. What am I missing?