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

[kocodile]

NEM is double market cap based on LTC, amazing project, LTC has nothing new tech, but XEM is the best.

I don't know why but I always used to hate LTC and Ripple

i ditched dash and  stellar when i start searching their history
it is not good folks.
 i am happy i have discovered NEM recently

DASh went through many rebrands to hide their questionable history many used to call
dash the "biggest ongoing scam"
i was holding dash but never felt comfortable due to the "instamine" scam

Ripple founder jed mccaleb  was known to be a big scam artist linked directly to MTgox scandal the biggest  scandal of the crypto history
for this reason i never bought ripple,
https://www.youtube.com/watch?v=mQKxSVLLfAk

from there he went to create STELLAR (this one i just recently discovered it  )
i panicked and sold all my stellars
 ripple+stellar are from the same scam artist jed mccaleb





 

[dissident]

@NEM Team

I'm still trying to wrap my head around the fact that you haven't announced ANY official strategy of unloading a significant part of the undistributed funds at these levels (e.g. outside of the exchanges at Market rates).  Please don't say you always knew it would happen within a 2-month period.  Don't you see how thin the top of the order book is already?  Just a handful of initial stakeholders cashing out would cut the Mkt. Cap in half.  What are you waiting for?  

I don't care how many folks are running Buy-bots in private.  Considering that you've said it's not the official team participating in market making activities (i.e. ability to support both sides pretty much risk free), the private efforts will have ABSOLUTELY NO CHANCE supporting the order book.  

I'll say it again, something is not adding up (or simply can't make sense of it myself)...   but feel free to explain the official strategy.  


Edit:  Just to be clear, the thin order books is not the main point here.  All high Mkt. Cap projects have thin order books at the top.  I'm discussing strategy in respect to undistributed funds.  If there were no undistributed funds (or they were a much smaller % of Total Supply), there would be no post!  

The NEM development team themselves is not pumping this coin. Some of their stakeholders like myself extol the virtues of this coin, but that doesn't necessarily mean it will skyrocket up and replace ethereum in value or be the bitcoin killer, even though I think it might.  The way to address the undistributed funds would be to lower the requirement to be a supernode to something like 100,000 to 250,000 coins.  This could indeed flood the market with coins.. that's life.   If anything XEM has better distribution than any of the other top 5 coins... there is one bitcoin wallet that alone has 80,000 lost bitcoins. That's the same as a couple hundred stakes of XEM. XEM was distributed in the most fair way of any of these altcoins except perhaps Ethereum.  There's likely a lot of lost coins, but that's no different than any other crypto.  As for distribution held by the developers, if any, XEM has gone up fast and the fact they are not simply dumping their stakes and on the forum pumping the coin is a testament to where their priorities lie. Maybe they'll do some sort of dividend in the future. Who knows. A public disclosure of all their held funds in their control would be a positive though. I'd be interested to see that.

As for LTC, segwit was a patch and XEM will be capable of far more transactions and much more scalable, especially after the release of Catapult. Apples and oranges here. LTC is more like BTC than XEM, and that's not necessarily a complement.

[samysamy1]

Great news for Nem or not?
http://www.zerohedge.com/news/2017-03-19/bitcoins-fork-road

[kocodile]

Great news for Nem or not?
http://www.zerohedge.com/news/2017-03-19/bitcoins-fork-road

it is a good thing.
 if bitcoin is healthy means more money will flow to crypto
i don't know who said


BITCOIN is an alternative  to the fiat  payment system
NEM is an alternative to the  fiat economy

NEM like IPHONE
Bitcoin like FAX
people still today  use FAX
 

[gentlemand]

Great news for Nem or not?
http://www.zerohedge.com/news/2017-03-19/bitcoins-fork-road

This is an article written at the height of fork panic. Also the stupid bitch who wrote it sold all his coins in the expectation of a contentious fork. Won't happen.

[NorrisK]

@NEM Team

I'm still trying to wrap my head around the fact that you haven't announced ANY official strategy of unloading a significant part of the undistributed funds at these levels (e.g. outside of the exchanges at Market rates).  Please don't say you always knew it would happen within a 2-month period.  Don't you see how thin the top of the order book is already?  Just a handful of initial stakeholders cashing out would cut the Mkt. Cap in half.  What are you waiting for?  

I don't care how many folks are running Buy-bots in private.  Considering that you've said it's not the official team participating in market making activities (i.e. ability to support both sides pretty much risk free), the private efforts will have ABSOLUTELY NO CHANCE supporting the order book.  

I'll say it again, something is not adding up (or simply can't make sense of it myself)...   but feel free to explain the official strategy.  


Edit:  Just to be clear, the thin order books is not the main point here.  All high Mkt. Cap projects have thin order books at the top.  I'm discussing strategy in respect to undistributed funds.  If there were no undistributed funds (or they were a much smaller % of Total Supply), there would be no post!  

I hope and kind of expect that these funds will not be unloaded in major quantities on exchanges. Imo it's better and more likely to do a kind of auction where people or institutions can bid on certain stakes. This type of auction has happened with other coins in the past as well and seems to work quite well for people that want to stock up big (remember, also buying a lot of coins greatly increases current price).

Additionally, as NEM matures, there is also less need to unload NEM for BTC/fiat/anything else as NEM will become useful enough to accept payments in.

I agree with you that a statement on this would be nice. 

[legati]

next 24 hours XEM 100% ??!!!!

[samysamy1]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the crypto currency world?

[kocodile]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

[Dr Charles]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...

[kocodile]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...

true

[samysamy1]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...

true

Yeah I guess you're right, but some wealth could be very useful in those stressful events.

[wiser]

I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

[samysamy1]

I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

I also have a question: If I import the old wallet to nano, will delegated harvesting be active or do I need to restart it again and pay a fee?

[wiser]

I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

I also have a question: If I import the old wallet to nano, will delegated harvesting be active or do I need to restart it again and pay a fee?

I'm just assuming you have to restart it (and pay the fee).

[wiser]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

[leizjg]

According to bittrex graph. NEM is going to rise. I predict rise to be for next 6 coming hours and then some corrections. We will see!

[KloNEM]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I don't think that crucial reducing of requirement to, e.g., 100.000 XEM, is good idea (it could probably lead into a massive sell pressure). But slight decreasing of necessary amount could be good idea, IMHO (there will be also some slight selling pressure, but on the contrary some of supernode owners will try to buy more for creating 2nd instance of supernode...so in final it's also good for widespread and network coverage).

According to this, I have one "historical question" (somebody from the dev team would know the answer) : One NEM stake is (was, on AE NXT) 2.250.000 NEM, is it correct ? I remember, that the first idea of supernode minimum amount was about 5.000.000 coins, then it was decreased into 3.000.000 coins. But the historical question is : Why wasn't that limit set up into 2.250.000 NEM (instead of 3mio) ? It would be equal to 1 NEM stake then, which should encourage more stake owners to build a supernode ...

[Dr Charles]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.

[wiser]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.

OK, good to know. I hope it's at least being talked about. As someone who has tried unsuccessfully to delegate harvest in the past (old wallet), I will say that finding a node I could hook up to for successful harvesting has been difficult. I think with all the expansion underway, the network could use more supernodes, but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

On the delegated harvesting error I hadn't thought about that. The NEM I want to use to harvest has been consistently sitting at the same address since the very beginning, so I would assume the vesting is already in place. However, if that is not the case and my problem will be solved in ten days, then I guess I can wait.