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

[jwiz168]

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

Personally I'd wait until NEM has an AE so those silver coins can be issued as mosaics and redeemed or sold. This would of course mean that it wouldn't happen for another while but it seems like the most logical way to do it at least to me.
Technically they could be issued right now since mosaics are already in place but without an AE it seems rather point less. Of course it would be totally fine for people that want to redeem i.e. get that physical silver coin.

I realize that this does not solve the governance issue.

Another thing to consider is that there is probably a good chunk of original stake holders that no longer have access to their original account. I wonder if it's even worth to issue mosaics to those accounts. I guess it wouldn't really matter but I still somehow feel like that would be a shame. No biggie - just something to consider imho.

I agree, and some innovation for NEM network going to premium features, such as snapshot for an ICO using its platform. So that it incentivize the NEM hodls.

[yshin365new]

In February of 2014 a lot of (lucky/risky) investors donated around $25 (some more and some less) worth of btc or NXT in hopes of helping NEM and joining the Nemesis block.  https://asktom.cf/index.php?topic=440185.msg4903908#msg4903908

For those that stuck around and redeemed their coupon, they were rewarded with a launch marketcap of around $2.5 million during the first week.  That was $625 per person.  From $25 that was a whopping 25x increase on their money for patiently waiting 14 months (which is a looooooooong time in crypto years).

For some months after that launch NEM slowly drifted down as many people sold, but also the NEM developers were quietly working in the background, just as they still are. 

Some 14 months after launch we can look at the marketcap today of about $63m and see that since that original launch marketcap of $2.5m, NEM has gone up ANOTHER 25x in another 14 months. 

One time can be an accident.  Two times means there is something there.  But if NEM repeats this growth again over the next 14 months, we can safely say that this is real. 

All numbers in this post can be checked on Coinmarketcap. https://coinmarketcap.com/currencies/nem/

What a sharp observation you did!
And if next 14 month make 25X again, NEM's market cap will be 1.5 billion on Aug 2017.  
I have a good feeling that the 1.5 billion day will come sooner.

[fragout]

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

I thought there was a chunk of NEM set aside for this and it was put on hold due to the low volume and price of NEM at the time. My memory could also be failing however.

[johnybyo]

In February of 2014 a lot of (lucky/risky) investors donated around $25 (some more and some less) worth of btc or NXT in hopes of helping NEM and joining the Nemesis block.  https://asktom.cf/index.php?topic=440185.msg4903908#msg4903908

For those that stuck around and redeemed their coupon, they were rewarded with a launch marketcap of around $2.5 million during the first week.  That was $625 per person.  From $25 that was a whopping 25x increase on their money for patiently waiting 14 months (which is a looooooooong time in crypto years).

For some months after that launch NEM slowly drifted down as many people sold, but also the NEM developers were quietly working in the background, just as they still are.  

Some 14 months after launch we can look at the marketcap today of about $63m and see that since that original launch marketcap of $2.5m, NEM has gone up ANOTHER 25x in another 14 months.  

One time can be an accident.  Two times means there is something there.  But if NEM repeats this growth again over the next 14 months, we can safely say that this is real.  

All numbers in this post can be checked on Coinmarketcap. https://coinmarketcap.com/currencies/nem/

What a sharp observation you did!
And if next 14 month make 25X again, NEM's market cap will be 1.5 billion on Aug 2017.  
I have a good feeling that the 1.5 billion day will come sooner.

IF NEM get micropayments markets in 3rd world working this will go huge. Bitcoin are too slowly for micropayments. And 3rd world are only first step to take place around of world. Even $0.1-$1 per NEM are not impossible.

[gentlemand]

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

[nzminer]

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

I think its because we have a totally new and unique audience which Bitcointalk is not a large part of...

[Tehfiend]

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

4th highest volume of all crypto as well according to http://coinmarketcap.com/...

[johnybyo]

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

4th highest volume of all crypto as well according to http://coinmarketcap.com/...

Looks like volume coming from price drops.

[nzminer]

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

4th highest volume of all crypto as well according to http://coinmarketcap.com/...

Looks like volume coming from price drops.

That doesnt really matter, because its changing hands and a good amount of people are buying while its cheap!

I could have bought and sold on these swings and got more XEM, but its just too risky for me.

[johnybyo]

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

4th highest volume of all crypto as well according to http://coinmarketcap.com/...

Looks like volume coming from price drops.

That doesnt really matter, because its changing hands and a good amount of people are buying while its cheap!

I could have bought and sold on these swings and got more XEM, but its just too risky for me.

New holders are good thing but it is too high level buy in hopes micropayments working when there are still BTC. Probably 900 area and we get much more new investors. Now everyone scary price drop and not buying in. Similar can see in NXT. Sometimes need go down to get up.

[JakeThePanda]

NEM NEM NEMMM...NEMMMLY NEM NEM NEM...NEM NEM NEMMM...NEMMMLY NEM NEM NEM...NEMMMMMMMMMMMM

That's supposed to be the two and a half men theme song.

[johnybyo]

Difference with NXT and XEM swings are it is other way, NEM go first down and coming back up while NXT go up and crashing down

[cryptodv]

Can someone tell me why this coin has suddenly taken off in the last couple of weeks?

[gentlemand]

I'm stumped. maybe someone better qualified will arrive soon.

[jubalix]

I wonder if among other things the initial distribution is really helping here

I'm not sure there was a coin with a better distribution, also a very health dev fund....

and a good implementation...

gotta say I am impressed by NEM

[johnybyo]

I wonder if among other things the initial distribution is really helping here

I'm not sure there was a coin with a better distribution, also a very health dev fund....

and a good implementation...

gotta say I am impressed by NEM

This all together NXT price are really possible in near future. Also it is pretty possible that Japan Bitcoiners start buying large sums of NEM when get exchange.

[nzminer]

Can someone tell me why this coin has suddenly taken off in the last couple of weeks?

I reckon there is a good amount of Japanese investors buying into it, but we will wait and see i guess!

[kauppalahti]

good job!, but how many coins is in the collections of the Devs, how much it will cost under these conditions, the start node of supernode, how many potentially user counts make Nem; rich list shows just over 2k accounts - is that the celebration between close best friends? ) thank you

You can find all answers to you questions with a small research.

Supernode is 3M x (current value)+ 30 xem.

Is it a trick question ; )

[howi53]

I dream of a FIAT/NEM  - NEM/FIAT link for dummies like "anycoindirect.eu"  offers it for some coins.
Send money - get coins or send coins - get money. Via bank account or even paypal. This would be suitable for most of the people.

For me and most of non-crypto-people the polo-way is a risky one (lack of knowledge/experience).
Register (polo) - send xem - sell xem/buy bitcoin - register (Kraken) - send bitcoin to Kraken - sell bitcoin against € and then send € to my bank.
To many chances to make mistakes and lose money

[jelin1984]

At late of next week we add at zaif