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

[icosscam]

If my pockets were not full of XEM I would not look into XEM until it will start new uptrend.  Why? We were waiting for CATAPULT 3 years already and product was overexposure. Massive money loundering, spending and etc brings PREMINED coin to BANCRUPCY. Joke??? How it is possible?
They are speaking that much money was spent to marketing, but I did not see it at all. Marketing companies that I see was just an IDIOT idea: be a basketball club investor with a not working project…
 How old are u retards to do such a moves?
XEM must be the one of the most disappointing coins in top crypto industry, except ETC scammers.
Thanks good I am trader and I will leave this train on a first “train station” but until catapult will not be fully functional do not think about INVESTING into XEM.
Just my 2 cents.

[Swapster]

If my pockets were not full of XEM I would not look into XEM until it will start new uptrend.  Why? We were waiting for CATAPULT 3 years already and product was overexposure. Massive money loundering, spending and etc brings PREMINED coin to BANCRUPCY. Joke??? How it is possible?
They are speaking that much money was spent to marketing, but I did not see it at all. Marketing companies that I see was just an IDIOT idea: be a basketball club investor with a not working project…
 How old are u retards to do such a moves?
XEM must be the one of the most disappointing coins in top crypto industry, except ETC scammers.
Thanks good I am trader and I will leave this train on a first “train station” but until catapult will not be fully functional do not think about INVESTING into XEM.
Just my 2 cents.

NEM always had the best trinkets though... and beautiful offices. Who needs Catapult when you got all these people globetrotting around the world, staying at the best hotels, good restaurants, big presence at all the conventions. The party never ends... till it does.

https://www.cryptoninjas.net/2018/07/06/nem-malaysia-opens-doors-to-new-nem-blockchain-center-in-kuala-lumpur/

[wgd]

nem guys thought the hossais not over, wrong !!. I'm disappointed with this project, today we have over 10% dropping ...

[gentlemand]

Opinions?

It's an interesting exercise in collective intuition.

Basically every regular moan - Catapult isn't advancing, all the council is doing is opening blockchain centres filled with their mates, ProximaX was Lon Wong's middle finger bail to NEM itself - all turned out to be true.

The one bright spot is that this council has confirmed this and is doing the tricky stuff to address it. Imagine where it would be if this council had been in place for a couple of years.

Either way it's not exactly a jolly development.

[cool4y]

"The XEM exchange rate has suffered catastrophic drops from this time a year ago, just as many other ambitious cryptocurrency projects have suffered, now the NEM Foundation is facing challenging budget decisions. We are in a tough spot like many others in this space. It is our duty to act quickly to ensure the longevity of the NEM ecosystem and development.

The reality of having one month left in funding means we won’t be able to support our current headcount, partnerships, and projects. We need to put everything on hold. This is painful since it hurts good people and partners, but the new council is aligned that we need to be transparent with what is happening behind the scenes of the NEM Foundation."

[sam_ti_dyatel]

Guys, you can express displeasure with these scammers here https://twitter.com/Jaguar0625

comment from Jaguar0625
"Yet more drama from the foundation that has no impact on the actual development 🤷‍♂️.
hint: most developers don't work for the foundation"

How devs relate to foundation? The second one is for marketing only?

[nutildah]

Uh... "almost the same".. are you nuts? One year ago it was 80 cents a coin, today its $0.047 a coin.

"Lets take random time gaps and claim blah blah."
It's steady and stable, in a decline so far but it has been a stable decline in price. Not a crash like you are trying to suggest.

"Random time gaps" aren't so random. One year, the point being argued was an exactly one year time frame.

Prices go up and down all over the place, NEM stays almost the same. Interesting actions I would say.

Sorry, this is simply not true. Year ago, 1 NEM was at 12000 sat, now it's about 1300 satoshis. As BTC is 4-5x lower than before a year, it means ~ 40x decrease. And as we were on #4-#5 position year ago, now we're at #18 and constantly falling further. Maybe it's (the position on CMC) just means that here are more projects now, that are more interesting / overhyped / whatever ... despite of this or that, it's sad at all.

You haven't kept an eye on the USD price apparently. Again, it's almost the same.

Falling from 80 cents to 5 cents isn't "almost the same" regardless of how you spin it.

It fucking crashed. Not that the underlying tech isn't great and there isn't tremendous room for growth, it is, and there is. However, NEM, like most coins, was way too high one year ago, and came crashing down with every single other coin.

[freigeist]

Falling from 80 cents to 5 cents isn't "almost the same" regardless of how you spin it.

It fucking crashed. Not that the underlying tech isn't great and there isn't tremendous room for growth, it is, and there is. However, NEM, like most coins, was way too high one year ago, and came crashing down with every single other coin.

Suddenly today crashed even more!
What to do now? Panic buy or panic sell?! 

[gentlemand]

Guys, you can express displeasure with these scammers here https://twitter.com/Jaguar0625

comment from Jaguar0625
"Yet more drama from the foundation that has no impact on the actual development 🤷‍♂️.
hint: most developers don't work for the foundation"

How devs relate to foundation? The second one is for marketing only?

The foundation's job is to spread use of the public NEM chain.

The developers aren't paid by the foundation or employed by them. The idea was that the foundation would liaise with the developers and together they would work on pushing the public chain.

What started off NEM's run of disaster and/or change was the developers calling out the foundation for doing nothing about bringing the public Catapult upgrade forward.

https://forum.nem.io/t/foundation-faq-core-dev-perspective/20363

It's been downhill since then. The only bright spot has been the change of foundation leadership who are committed to Catapult however they've also discovered the money is largely gone.

[satb]

If the Dev hadn't called up the foundation in that post, the old members of the foundation would have carried on as they were and things would have been a lot worse.  In my opinion it was a positive thing and a change of foundation is what was needed.  Drastic changes now have to be made to make the foundation more streamlined and future proof.  Short term pain for long term growth.

[gentlemand]

If the Dev hadn't called up the foundation in that post, the old members of the foundation would have carried on as they were and things would have been a lot worse.  In my opinion it was a positive thing and a change of foundation is what was needed.  Drastic changes now have to be made to make the foundation more streamlined and future proof.  Short term pain for long term growth.

It's definitely positive long term. Shame it had to come to that though and there'll be more short term shit sandwich to eat.

[lemonandfriesonetwo]

Get rid of the foundation, crowdfund a marketing team and help the developers still on board.

It's obvious the foundation is just a low effort scam grab cash.

[rendravolt]

If the Dev hadn't called up the foundation in that post, the old members of the foundation would have carried on as they were and things would have been a lot worse.  In my opinion it was a positive thing and a change of foundation is what was needed.  Drastic changes now have to be made to make the foundation more streamlined and future proof.  Short term pain for long term growth.

It's definitely positive long term. Shame it had to come to that though and there'll be more short term shit sandwich to eat.

Indeed, in fact everything will be on the long-term path and very minimal possibility for a profitable short term, especially with the situation in almost all altcoins like today.

[lemonandfriesonetwo]

Why the foundation doesn't come on bitcointalk and explain this?

They just pushed this idiotic idea of a "foundation" onto us without consulting those of us who started with NEM.

If foundation doesn't want to leave, then let's show them what can be done. A doxxing would be in line, until they relinquish power to the developers. The developers are the real shot callers here, not some business major with 2 years of experience running fast food restaurants.

/End rant

[fragout]

The newly elected president of the NEM Foundation, Alex Tinsman, told CoinDesk Wednesday the Singapore-based NEM Foundation now intends to submit a funding request to the NEM community fund for 160 million tokens (worth roughly $7.5 million), money that would be used to rescue the organization.

It will be different this time i'm sure

[nutildah]

Falling from 80 cents to 5 cents isn't "almost the same" regardless of how you spin it.

It fucking crashed. Not that the underlying tech isn't great and there isn't tremendous room for growth, it is, and there is. However, NEM, like most coins, was way too high one year ago, and came crashing down with every single other coin.

Suddenly today crashed even more!
What to do now? Panic buy or panic sell?! 

Well, let's admit it: competition in the crypto space is brutal. Without any real catalysts to encourage broad speculation in the marketplace, NEM (like anything else) will have to depend on increases in real-world adoption to gain any positive traction. However, if and when another strong bull market manifests itself, then it will likely be one of the prime recipients of a capital injection.

Basically I don't know and your guess is as good as anybody's.

[satb]

Get rid of the foundation, crowdfund a marketing team and help the developers still on board.

It's obvious the foundation is just a low effort scam grab cash.

That is an option as an alternative to funding the foundation with the community fund.

[lemonandfriesonetwo]

Get rid of the foundation, crowdfund a marketing team and help the developers still on board.

It's obvious the foundation is just a low effort scam grab cash.

That is an option as an alternative to funding the foundation with the community fund.

Yes, let's reward the hard working developers and get rid of these "managers".

It's obvious the foundation is just there for the $$$. Disband it, use the funds for developers and an independent marketing team that the community manages and votes on.

Remember: It's "NEM - New Economy Movement", not "NEM - Let's run it like a cheap restaurant"

[freigeist]

If the Dev hadn't called up the foundation in that post, the old members of the foundation would have carried on as they were and things would have been a lot worse.  In my opinion it was a positive thing and a change of foundation is what was needed.  Drastic changes now have to be made to make the foundation more streamlined and future proof.  Short term pain for long term growth.

That is true.
But if developers had issues with the foundation they should had called up earlier
that would cause more pressure from holders earlier to resolve the issues.

I think that is also our fault we didn't pressure them more to release
info ON OFFICIAL FORUM and to be accountable

There were some news releases here and there ever other communication channels
which gave the impression that something was happening but there was not
clear transparency about the spending of the funds.

I hope this new elected foundation will change that.
I also advise developer not to be silent and share the problem they have with the community.

[lemonandfriesonetwo]

Call it for what it is:
We have been scammed.
Get rid of the foundation.
Reward the developers and hire a marketing team.
Foundation is just a black hole for $$$.

NEMSecretariatOffice: "...We saw very little accountability for funds and questionable ROI, leading to a burn rate of 9 million XEM per month."