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

[patmast3r]

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

Yeah, everyone finds that process way to cumbersome. It's a gernal problem in crypto land. I'm hoping Apex will help us out.

[DreamSpace]

it's unusual, such a strong move upwards and it's quite silent here, what is happening    ?

[shveicar]

I'm curious why this coin with the large-cap not having normal Windows wallet? (That does not require installation of Java Oracle).
Is there a  POS income for the owners NEM?

You can earn  transaction fees by harvesting blocks.
There is also the node rewards program currently running.

The wallet can be rewritten in C++ if needbe, and indeed this transition is already being done with catapult. But take note that alot of currencies are now written in java.

I think that if this coin wants to gain popularity and get the attention of major investors, the development normal wallet is important.
For example the success for Ethereum came after they released a normal wallet for the Windows platform.

[patmast3r]

I'm curious why this coin with the large-cap not having normal Windows wallet? (That does not require installation of Java Oracle).
Is there a  POS income for the owners NEM?

You can earn  transaction fees by harvesting blocks.
There is also the node rewards program currently running.

The wallet can be rewritten in C++ if needbe, and indeed this transition is already being done with catapult. But take note that alot of currencies are now written in java.

I think that if this coin wants to gain popularity and get the attention of major investors, the development normal wallet is important.
For example the success for Ethereum came after they released a normal wallet for the Windows platform.

I don't think it needs to be the main focus but a better client is definitely direly needed. Afaik it's being actively worked on though.

[jelin1984]

クリプト友の会、サンデーナイトトーク。テーマはNEMにでもしますか。 telegram.me/joinchat/BKXTB…


Zaif ceo

[teletobi]

I'm curious why this coin with the large-cap not having normal Windows wallet? (That does not require installation of Java Oracle).
Is there a  POS income for the owners NEM?

You can earn  transaction fees by harvesting blocks.
There is also the node rewards program currently running.

The wallet can be rewritten in C++ if needbe, and indeed this transition is already being done with catapult. But take note that alot of currencies are now written in java.

I think that if this coin wants to gain popularity and get the attention of major investors, the development normal wallet is important.
For example the success for Ethereum came after they released a normal wallet for the Windows platform.

I don't think it needs to be the main focus but a better client is definitely direly needed. Afaik it's being actively worked on though.

There is a nano Client being worked on, I think it works kind of like the waves Client. These Clients log into a Supernode then, thats why Supernode rewards Program was started.

[fragout]

it's unusual, such a strong move upwards and it's quite silent here, what is happening    ?

Its China . Polo is just following .    

Poloniex   XEM/BTC   $ 682,628   $ 0.006859   53.63 %   Recently
2   BTC38   XEM/CNY   $ 565,021   $ 0.007026   44.39 %   Recently

And its XEM/CNY which is far more important than XEM/BTC

[Elhanan]

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

Yes, a "FIAT/NEM - NEM/FIAT link for dummies" would be great. I wrote LiteBit.eu an e-mail and asked them to add NEM, so people can buy NEM directly with euro's, without having to use Bitcoin and complicated exchanges.
See: https://www.litebit.eu/en

[tyz]

Well, I think the big jump is not mainly caused by usual traders here on the board but rather by big players like whales or even companies/institutions which have understood the bride perspective of NEM. Such players are silent by nature

it's unusual, such a strong move upwards and it's quite silent here, what is happening    ?

[DenisZabar]

Lightweight wallet from http://nem.io/install.html is password protected. Why? What is the password?

Thank you

[tyz]

I wanted to use my free 2 GB VPS to set up and run a SuperNode today. According the requirements on the NEM forum, a SuperNode account needs at least 3,000,030 XEM.
Is this right?
I own only 1/3 of it. 3 million XEM are 21,000 USD at the moment. This is a big amount to let users be part of this network. Are there any other options to run a Supernode wish less XEM except a "normal" XEM node?

[wvl]

I dont get NEM.
NEM creates blockchain software that can be used by banks (mijin)?
But why do we have XEM then? What is the connection?

[Porsche911]

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https://twitter.com/ProjectInvesd/status/747085082482057216

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[tolikkk]

I wanted to use my free 2 GB VPS to set up and run a SuperNode today. According the requirements on the NEM forum, a SuperNode account needs at least 3,000,030 XEM.
Is this right?
I own only 1/3 of it. 3 million XEM are 21,000 USD at the moment. This is a big amount to let users be part of this network. Are there any other options to run a Supernode wish less XEM except a "normal" XEM node?

now you can create supernode for 3 mil coins and no any other conditions not, but as an option, you can through smart contract to build with few users on equal terms one overall score for super node and receive rewards at all, or to create a regular node or two - you can't afford that, there are no other options

[rigel]

Lightweight wallet from http://nem.io/install.html is password protected. Why? What is the password?

Thank you

The password is nem

[rigel]

I dont get NEM.
NEM creates blockchain software that can be used by banks (mijin)?
But why do we have XEM then? What is the connection?

Xem and mijin are two different products that share the same technology and code base.

The fact that financial institutions start using mijin in real world applications demonstrates how solid this technology is.

This is the first crypto project to have some relevance outside cryptocoin world.
Even bitcoin is just a nerds only toy when compared to nem.

[Tehfiend]

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

IMO all of the Mijin news has attracted attention to NEM and when people research and learn the details about the project they realize it's potential and conclude XEM is currently undervalued because:

1) Zero inflation.
No new XEM will ever be generated so it is one of the few coins that currently has no inflation.

2) Good initial distribution.
No premine or unfair initial distribution of the currency to insiders/devs. I bet most of the greedy short-sighted stake holders probably sold out long ago so most current holders believe in the project and have very long positions thus there is not much supply of XEM also due it part because of #1 above.

3) POI (proof of importance)
POI appears to be working as intended which has many advantages over POW. There is no hashrate arms race nor massive amounts of energy required to secure the network. You don't have miners who are forced to sell freshly mined currency to cover their mining costs which again limits supply. Securing the network is actually very cheap compared to POW currency.

4) Solid dev team/leadership.
A lot of people are turned off by the current situation with BTC and ETH development for various reasons. The NEM team seems to be very talented and they appear to be "down for the cause" with a grand long term vision.

5) Solid tech.
NEM is one of the strongest platforms when you look under the hood. Anybody that researches the details will be very impressed with the technology that powers NEM and the features it offers as well as very impressive plans for the future. The use of this tech by the banking industry via Mijin signals this same confidence.

6) Solid dev/community funds.
The multisig funds will fuel progress for quite some time and puts this project in a very healthy long term position, especially as the price increases.

There is no other cryptocurrency that offers all of the above IMO and slowly the secret is getting out. As an initial stakeholder I personally plan to ignore the roller-coaster and hope to hold AT LEAST until 1XEM = 1USD because I truly believe in it's potential to change the world and that won't happen overnight...

[minerfool]

I wanted to use my free 2 GB VPS to set up and run a SuperNode today. According the requirements on the NEM forum, a SuperNode account needs at least 3,000,030 XEM.
Is this right?
I own only 1/3 of it. 3 million XEM are 21,000 USD at the moment. This is a big amount to let users be part of this network. Are there any other options to run a Supernode wish less XEM except a "normal" XEM node?

now you can create supernode for 3 mil coins and no any other conditions not, but as an option, you can through smart contract to build with few users on equal terms one overall score for super node and receive rewards at all, or to create a regular node or two - you can't afford that, there are no other options

I believe there was some discussion awhile back about lowering the balance amount for supernodes as the price rises.

It only makes sense, as (at the moment) ~30+ BTC to run a supernode is out of reach for most people, especially if you're just joining the ranks.

 

[gentlemand]

Is there a technical reason for the 3 million limit?

[ElitistCA]

how many XEM can supernode of 3 mil make currently if it is not too active in transaction area?