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

[greentea]

Gentlemen, feel free to ask any question, please!

Hello.

Could you give answer to some valid points mentioned in this thread and article:

https://asktom.cf/index.php?topic=1766882.0

https://coinidol.com/why-i-refused-to-invest-in-chronobank/

Thank you.

I agree with some of his points.  Seems more and more ICOs these days are heavy focused on the marketing and fancy roadmap
with 'bonus' structures to entice investment.  The details of the actual project/platform will be worried about later.

10,000BTC needed just for LabourX? I'd like to see some prototypes first ...

Waves and Lisk are prime examples of over promising and under developing even with massive funding.  (verdict still out)

After hitting exchanges there always seems to be a 'lull' time where price is depressed when you can buy in.  You can always wait for exchanges

[gentlemand]

ICO? Automatic disqualification as far as I'm concerned. Pegged currency? That makes it a quadruple fail. Pegs don't survive in the long run.

If it's that great an idea then go and obtain some legitimate professional funding from somewhere which'll beget more of it.

At some point soon the legacy system is going to get legally medieval on this type of thing.

[jelin1984]

  @jelin1984
26 january
@krakensupport add xem nem is more secure for many coins   
      
Kraken Support
@krakensupport   
26 january
 
@jelin1984 Thanks for your suggestion! We'll pass it on to the Kraken team!


 

maybe add at kraken

[nzminer]

Im not a big fan of ICO's myself either, but what I can say is that Chronobank does offer something new and different and at least they see the benefits of the NEM blockchain if nothing else.

[jelin1984]

http://bccc.global/ja/advisors


 

http://www.coindesk.com/bank-japan-host-distributed-ledger-forum-next-month/

[greentea]

http://bccc.global/ja/advisors


 

http://www.coindesk.com/bank-japan-host-distributed-ledger-forum-next-month/

Is there a connection between the the BCCC and the Bank of Japan forum?
Will DragonFLy be presenting at the Forum?

Last time I checked 2 new members have been added to the DragonFly team
http://www.dragonflyfintech.com/#team

[nzminer]

http://bccc.global/ja/advisors


 

http://www.coindesk.com/bank-japan-host-distributed-ledger-forum-next-month/

Is there a connection between the the BCCC and the Bank of Japan forum?
Will DragonFLy be presenting at the Forum?

Last time I checked 2 new members have been added to the DragonFly team
http://www.dragonflyfintech.com/#team

Thats what im trying to work out also.

Perhaps Jabo38 can elaborate further

[jelin1984]

very nice viewer

http://nember.ru/#/stats

[LemonAndFriesOne]

very nice viewer

http://nember.ru/#/stats

but the question is where are all those funds from Greece and why haven't you shared them with the rest of us? 

[jelin1984]

not greece 300 of spartan

[yoohoo309]

very nice viewer

http://nember.ru/#/stats

it is just matter of interest that makes things as they want to see.

[ournem]

Some of you might have Namespaces that need to be renewed. Download the NanoWallet update with the renew Namespaces option in Services to renew your namespaces. https://www.nem.io/install.html

We should have a big update of NanoWallet in Feb that looks much nicer.

[BloodyRookie]

I second that: renew your namespaces, they start expiring tomorrow!

[LemonAndFriesOne]

not greece 300 of spartan

[jelin1984]

XEM soon at 1150 sat

xem  is ready to moon...

[pinkman12345]

Ok, i've done a lot of reading the past few weeks on NEM. I've got myself a healthy amount of NEM, but... i have a few questions, which may have been answered before, but i haven't found the answers yet, so would welcome any replies.

1. Is there any plans to decrease the minimum amount of NEM needed to become a supernode? To me, its just making those rich, even richer, and those who are less fortunate have harvesting. Harvesting is great, but Poloniex is the biggest harvester and is making a fortune whilst us little guys really have no incentive to harvest at all. Surely the more Supernodes that exist then the stronger the network? There is no mining, no proof of stake, all we have is harvesting (and super expensive SNs) and to be totally honest, the system seems a little unfair now.

2. When it comes to NEM and the public and private blockchains. If i were a business/government who wanted to utilise landstead, apostille or the next apps that come out, am i actually just buying into the security of the network over the apps, because being open source really means that anyone could create their own blockchain use all the functions currently in any open source alt coin for free (minus the cost of the dev who creates it) making it free for the business..

Thanks for any answers,

Pinkman

[3x2]

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat

That is what i think, 10k sat is the minimum target.

[jelin1984]

xem article!!!!

https://cointelegraph.com/news/top-10-crypto-reshuffle-nem-pushes-back-augur-and-steem

[bctacc32]

1. Is there any plans to decrease the minimum amount of NEM needed to become a supernode? To me, its just making those rich, even richer, and those who are less fortunate have harvesting. Harvesting is great, but Poloniex is the biggest harvester and is making a fortune whilst us little guys really have no incentive to harvest at all. Surely the more Supernodes that exist then the stronger the network? There is no mining, no proof of stake, all we have is harvesting (and super expensive SNs) and to be totally honest, the system seems a little unfair now.

Welcome to capitalism

2. When it comes to NEM and the public and private blockchains. If i were a business/government who wanted to utilise landstead, apostille or the next apps that come out, am i actually just buying into the security of the network over the apps, because being open source really means that anyone could create their own blockchain use all the functions currently in any open source alt coin for free (minus the cost of the dev who creates it) making it free for the business..

I think it's about adoption. The more nodes the network has, the less you have to trust a single node or group of nodes.

[greentea]

Ok, i've done a lot of reading the past few weeks on NEM. I've got myself a healthy amount of NEM, but... i have a few questions, which may have been answered before, but i haven't found the answers yet, so would welcome any replies.

1. Is there any plans to decrease the minimum amount of NEM needed to become a supernode? To me, its just making those rich, even richer, and those who are less fortunate have harvesting. Harvesting is great, but Poloniex is the biggest harvester and is making a fortune whilst us little guys really have no incentive to harvest at all. Surely the more Supernodes that exist then the stronger the network? There is no mining, no proof of stake, all we have is harvesting (and super expensive SNs) and to be totally honest, the system seems a little unfair now.

2. When it comes to NEM and the public and private blockchains. If i were a business/government who wanted to utilise landstead, apostille or the next apps that come out, am i actually just buying into the security of the network over the apps, because being open source really means that anyone could create their own blockchain use all the functions currently in any open source alt coin for free (minus the cost of the dev who creates it) making it free for the business..

Thanks for any answers,

Pinkman

As far as the supernodes, these questions came up a lot when the price shot up last time over 2500+
People were asking about the price of supernodes coming down.

I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.