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

[TaShoKi]

I sell all my XEM now.

Why?
Ill take them off you happily! 

I buy at low price off you in 2 days

do you have any explanation to our statement?

i don´t see any reason for a drop

This is my strategy to trade. It's easy BTC UP♠ALT DOWN

[kauppalahti]

I sell all my XEM now.

Why?
Ill take them off you happily! 

I buy at low price off you in 2 days

do you have any explanation to our statement?

i don´t see any reason for a drop

This is my strategy to trade. It's easy BTC UP♠ALT DOWN

Oisko tollee?

[Shiroslullaby]

Its not really any different than any other POS coin, only difference is you get rewarded more if you actively use your account.

I read this on the website but still don't fully understand-

What is this "POI"?
POI is short for "Proof-of-Importance". It is a consensus algorithm at the core of the NEM software. The higher your importance, the higher your chance to be allowed to calculate a block (and harvest the fees inside that block). POI adjusts your importance depending on how many transactions you make, with whom you make them and a number of other factors. If you don't do any transactions POI will set your importance based on your balance only (it is then similar to proof-of-stake).

I also need to read more about "delegated harvesting".
It sounds like the ability to mine offline but I'm not totally sure.

[Brainofmasses]

Its not really any different than any other POS coin, only difference is you get rewarded more if you actively use your account.

I read this on the website but still don't fully understand-

What is this "POI"?
POI is short for "Proof-of-Importance". It is a consensus algorithm at the core of the NEM software. The higher your importance, the higher your chance to be allowed to calculate a block (and harvest the fees inside that block). POI adjusts your importance depending on how many transactions you make, with whom you make them and a number of other factors. If you don't do any transactions POI will set your importance based on your balance only (it is then similar to proof-of-stake).

I also need to read more about "delegated harvesting".
It sounds like the ability to mine offline but I'm not totally sure.

Hey Shiroslullaby,

you maybe want to take a look this tutorial:
https://blog.nem.io/how-local-and-delegated-harvesting-works/

Or watch the youtube video on how to use delegated harvesting:
https://www.youtube.com/watch?v=ojxGI9xHJeM&feature=youtu.be

[gentlemand]

everybody harvesting knows that most blocks have no transactions....and I do not see a lot of change there,

I guess it is fair to say that the marketcap of NEM can only increase if the network grows faster (=more wallets, more transactionsday)

I think the same goes for almost every single alt out there. New 'users' arrive on exchanges and stay there. They're parking the coins for a bit and then moving them on to the next owner without ever meeting the real chain.

The ones that do have some action in terms of transactions and increasing users are mined in the main.

[Shiroslullaby]

Hey Shiroslullaby,

you maybe want to take a look this tutorial:
https://blog.nem.io/how-local-and-delegated-harvesting-works/

Or watch the youtube video on how to use delegated harvesting:
https://www.youtube.com/watch?v=ojxGI9xHJeM&feature=youtu.be

Thanks for the link. I've been reading over their website  but I still have some pages and technical documentation to read.

"Delegated harvesting" is very interesting.
It seems like a very good security feature to isolate your addresses, but couldn't you do the same thing with Bitcoin just by using one address for mining and another for cold storage?
(Or am I not understanding its purpose and possible uses in the future?)

[MoneyJ]

Hey Shiroslullaby,

you maybe want to take a look this tutorial:
https://blog.nem.io/how-local-and-delegated-harvesting-works/

Or watch the youtube video on how to use delegated harvesting:
https://www.youtube.com/watch?v=ojxGI9xHJeM&feature=youtu.be

Thanks for the link. I've been reading over their website  but I still have some pages and technical documentation to read.

"Delegated harvesting" is very interesting.
It seems like a very good security feature to isolate your addresses, but couldn't you do the same thing with Bitcoin just by using one address for mining and another for cold storage?
(Or am I not understanding its purpose and possible uses in the future?)

Not only interesting but helpful in maintaining the security of NEM . I have no problem doing it with 2 accounts.

[zachamo]

Looks like SBI is getting much more interest and momentum than initially anticipated: https://news.bitcoin.com/42-banks-japanese-blockchain-consortium/

Per a post from last December, there was some degree of partnership/interest from SBI in Nem https://asktom.cf/index.php?topic=654845.msg13274949#msg13274949

I know SBI has partnered with Ripple, but with our costs coming down in the upcoming fork, Nem may be more competitive than before. I think this is especially true with the flexibility provided via Mijin.

Do we know if SBI's still interested in Nem? Any inside scoops?

[nzminer]

Looks like SBI is getting much more interest and momentum than initially anticipated: https://news.bitcoin.com/42-banks-japanese-blockchain-consortium/

Per a post from last December, there was some degree of partnership/interest from SBI in Nem https://asktom.cf/index.php?topic=654845.msg13274949#msg13274949

I know SBI has partnered with Ripple, but with our costs coming down in the upcoming fork, Nem may be more competitive than before. I think this is especially true with the flexibility provided via Mijin.

Do we know if SBI's still interested in Nem? Any inside scoops?

Yes i would like to know too.

On the other hand, is it really a big deal?
Ripple gets alot of criticism because of its ties with banks.

[zachamo]

Looks like SBI is getting much more interest and momentum than initially anticipated: https://news.bitcoin.com/42-banks-japanese-blockchain-consortium/

Per a post from last December, there was some degree of partnership/interest from SBI in Nem https://asktom.cf/index.php?topic=654845.msg13274949#msg13274949

I know SBI has partnered with Ripple, but with our costs coming down in the upcoming fork, Nem may be more competitive than before. I think this is especially true with the flexibility provided via Mijin.

Do we know if SBI's still interested in Nem? Any inside scoops?

Yes i would like to know too.

On the other hand, is it really a big deal?
Ripple gets alot of criticism because of its ties with banks.

Ripple is centralized and private, Nem is decentralized and Public. The Nem community can veto the devs by rejecting a hard fork (see etherium classic) .. As such, Nem can never have ties with anyone in the same way that ripple can.. It's a matter of company ties vs community ties.

[nzminer]

Looks like SBI is getting much more interest and momentum than initially anticipated: https://news.bitcoin.com/42-banks-japanese-blockchain-consortium/

Per a post from last December, there was some degree of partnership/interest from SBI in Nem https://asktom.cf/index.php?topic=654845.msg13274949#msg13274949

I know SBI has partnered with Ripple, but with our costs coming down in the upcoming fork, Nem may be more competitive than before. I think this is especially true with the flexibility provided via Mijin.

Do we know if SBI's still interested in Nem? Any inside scoops?

Yes i would like to know too.

On the other hand, is it really a big deal?
Ripple gets alot of criticism because of its ties with banks.

Ripple is centralized and private, Nem is decentralized and Public. The Nem community can veto the devs by rejecting a hard fork (see etherium classic) .. As such, Nem can never have ties with anyone in the same way that ripple can.. It's a matter of company ties vs community ties.

Thats probably one of the reasons banks are choosing Ripple perhaps?

[g3rszpi]

everybody harvesting knows that most blocks have no transactions....and I do not see a lot of change there,

I guess it is fair to say that the marketcap of NEM can only increase if the network grows faster (=more wallets, more transactionsday)

I think the same goes for almost every single alt out there. New 'users' arrive on exchanges and stay there. They're parking the coins for a bit and then moving them on to the next owner without ever meeting the real chain.

The ones that do have some action in terms of transactions and increasing users are mined in the main.

maybe it would be an option to implement an new kind of reward system which would incite the people to keep their coins in the wallet.
lets say an in-wallet exchange?

[gentlemand]

That's an interesting idea. I think Node was planning on doing that until the developers gave up on life.

But people like exchanges and they like seeing walls to play with. I think that's a major part of the thrill of trading even when the risks of losing your coins are there and it's the overlap from all the different coins that causes the markets to ebb and flow. One pump feeds another. The DAO failure is probably the main factor in XEM's journey to the stars.

[cryptonit]

This is my strategy to trade. It's easy BTC UP♠ALT DOWN

but dont forget the second half of the story

BTC rise stabilzed alts catch up

nothing wrong by move some funds into BTC when it rise

but be carefull to not miss the point to move the funds back into the cashcows of the future like XEM

else u might easy end in sell XEM for some little BTC gain but miss reenter XEM before it catched up in BTC price

that make ur gain on BTC in fact a loss if u want to reenter XEM

[Fatih87SK]

NEM Foundation/Organization officially formed in Malaysia

[jwiz168]

NEM Foundation/Organization officially formed in Malaysia

This is indeed a great news for NEM Supporters. Spreading across Asia and be able to standardized the flow of fin tech in this area.

[colombuszka]

Great job guys!

As I see, NEM is one of the few projects that actually does some real work and has a real future in some years. Dont dorget that it comes from a non-ICO zone. Good to see the devs are so dedicated to bring NEM into a platform with real life usage.

[DIMKAZDS]

so tomorrow android app will be released

[wosch76]

NEM Foundation/Organization officially formed in Malaysia

Can someone translate what's written on this paper?
thank you

[garp]

NEM Foundation/Organization officially formed in Malaysia

November 2016! So this is brand new. This is an important step in the history of NEM.