"As far as NEM is concerned, tech is intact. We are not forking. Also, we would advise all exchanges to make use of our multi-signature smart contract which is among the best in the landscape. Coincheck didn't use them and that's why they could have been hacked. They were very relaxed with their security measures,"
Lon Wong, President of the NEM.io Foundation
Doesn’t really matter what the truth is, the crypto world is stupid and will read this as flaws with NEM’s product. Depressing, going to take a long time to recover from this. Hacker accounts will be blacklisted by exchanges, his XEM will be useless. Consider those XEM as burned; the remaining, in the log run, will gain from this hack. The accounts with the allegedly stolen funds have been tagged with a non-transferable mosaics already to do exactly that. Mosaic: mizunashi.coincheck_stolen_funds_do_not_accept_trades:owner_of_this_account_is_hacker Mosaic: gox:hackers_address New to NEM Curious how the mosaic works, is there a laymen explanation somewhere? Like can the hacker not just transfer to a friends account and then to exchange? or do wallets also check for that mosaic? thanks in advance for explanations Looking on the blockchain, the alleged funds have been moved to a few other accounts but are frozen and non-transferable and are still remaining in the account they've been transferred to. Mosaics are assets you can create in the block chain. The nem.xem mosaic is a special mosaic that is equivalent to the xem in the system. https://nem.io/technology/https://nemlibrary.com/documentation/mosaic/ |
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"As far as NEM is concerned, tech is intact. We are not forking. Also, we would advise all exchanges to make use of our multi-signature smart contract which is among the best in the landscape. Coincheck didn't use them and that's why they could have been hacked. They were very relaxed with their security measures,"
Lon Wong, President of the NEM.io Foundation
Doesn’t really matter what the truth is, the crypto world is stupid and will read this as flaws with NEM’s product. Depressing, going to take a long time to recover from this. Hacker accounts will be blacklisted by exchanges, his XEM will be useless. Consider those XEM as burned; the remaining, in the log run, will gain from this hack. The accounts with the allegedly stolen funds have been tagged with a non-transferable mosaics already to do exactly that. Mosaic: mizunashi.coincheck_stolen_funds_do_not_accept_trades:owner_of_this_account_is_hacker Mosaic: gox:hackers_address |
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Coinchecks wallet balance doesn't seem to reflect that they've lost 600 million. This is just a rumor, until proven otherwise. https://nemnodes.org/richlist/ Coincheck is at number 4. |
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B Grade - ETH and EOS.
B- Grade - ADA, NEO and Steem.
C+ Grade - ARK, BTC, BTS, GBYTE, DASH, DCR, IOC, LTC and NEM.
I would presume that on their next rating schedule some of the C+ could potentially get a B-
C Grade - AEON, ASCH , BLK, BLOCK, BURST, BCN, XCP, DOGE, ETC, KMD, LSK, MNR, NAV, NBL, NXS, NXT, PPC, PIVX, QTUM, XRB and XRP.
C- Grade - BCH, CLOAK, DGB, XDN, ETN, FTC, NMC, RDD, SKY, UBQ, VIA, XWC and ZEN.
D+ Grade - AUR, BTG, EMC2, GAME, NLG, MEC, ETP and PURA.
D Grade - EXP, GUP, NVC, POT, QUARK, RISE and SALUS.
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I remember when it was around 0.003 cents for quite a while at 30,000,000 Market Cap over a year ago, then when it went up to 5c in May 2017, I thought that was as high as it would go. I didn't envisage that it would go more than 40x higher by the end of the year. Now I'm thinking the same way, I could be pleasantly surprised. from $1 to maybe 20 x - 40 x increase, by the end of the year.
although such a rise as last year with 30,000% isn't possible again. 10x wouldn't surprise me at all, since 2018 is the biggest year for NEM if think I think probably in the range 3x - 5x. If more capital comes into crypto then 10x could be possible as was the case with recent rises due to many new people coming into crypto. Crypto is still in its infancy at the moment, once it matures and more adoption occurs, the sky's the limit! |
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I remember when it was around 0.003 cents for quite a while at 30,000,000 Market Cap over a year ago, then when it went up to 5c in May 2017, I thought that was as high as it would go. I didn't envisage that it would go more than 40x higher by the end of the year. Now I'm thinking the same way, I could be pleasantly surprised. from $1 to maybe 20 x - 40 x increase, by the end of the year.
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Is NXT now defunct, what is the purpose of NXT if you have Ardor. Apologies if I've missed the point, but the price of NXT has been dropping alot after the spike in December before the snapshot.
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Good to know that upbit is now included in the markets for NEM on CMC. But volume excluded as it's a Korean exchange.
I thought volume included, price excluded? Yes, you're right. Apologies. |
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Good to know that upbit is now included in the markets for NEM on CMC. But volume excluded as it's a Korean exchange.
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Well, seems a little bit like clairvoyance. It's impossible to predict the price for the next couple of years on month base. If I would believe in I would wait until Septemer 2020 and sell everythingNever sell everything. There may always happen a 1000x.  Agreed, like some early BTC investors found out over the years, and some NEM stakeholders who sold all their stake at launch in 2015 for circa $1000  |
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is the old wallet still useable? i tried to send some coins but still "pending" with no confirmations
Yes it is still useable, presume you're talking about the NCC. Check the address you sent them to on chain.nem.ninja |
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I would like to realise some of my investment(original stakeholder). I intend going to the bank to let them know that I will be depositing a large sum. They will of course require proof that I acquired these funds honestly. What proof should I show them? What have you been doing to solve this problem?
Did you pay a nominal amount or get a free stake? Dig out your original post registering yourself, the NXT or BTC payment if you did one, and show them the XEM wallet where the money lived. That'll be a complete trail. They won't understand any of it but it'll look impressive. I have asked directly from bank and tax office. They said "all clear". Nominal tax in Finland is only 34%. Sound's fair, doesn't it? Don't know if is fair to you. It depends what your country gives you for the amount you pay Either way there are countries in the world that are not requiring so much % of your wealth.  The question is are you willing to move there and if so what is the right legal procedure to do so?  Depends on the country. In the UK the first £11,300 is tax free in the current tax year. 10% tax is paid on the the next £33,500 (assuming your income is less than the personal allowance of £11,500). Then everything above that is taxed at 20%. If you cashed out £44,800 each tax year and earned no more than the minimum tax free allowance, you'd pay a total of £3,350 tax (£11,300 CGT allowance, and 10% tax on £33,500). Your partner could also do the same. The slow way each year, you pay less tax, or the big bang approach you pay 20% tax in UK. |
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Congratulations to all coin holders! Up to 2 dollars left two cents (1.98). At Zaif is already 2.04$
Correction is inevitable, but the psychological frontier is passed, that's mean everything goes according to plan)
Upbit's XEM/KRW market price is $2.41.  That is why we need to add Upbit to coinmarketcap. I've requested on two occasions, and also contact the Upbit exchange to get added to CMC. If many people as possible request on CMC, things may progress. The only info I couldn't find was the Upbit Price API and the fee structure for KRW:XEM trades. https://docs.google.com/forms/d/e/1FAIpQLSeqpM6DVuxNRJ43oD90fCsm8UltR9oIiFaVxxqt3ch_eJ5Dlw/viewform |
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hello guys
i install NanoWallet-2.0.14-win64
but didnt connect to node and node circle is red all the time i choose other node form the list and from Supernodes.nem.io but nothing change
what can i do to fix this
i see some people say android wallet has problem . is this true?
Try the NEM tech support forum, or on NEM Helpdesk on Telegram. You're more likely to get a response there. https://forum.nem.io/c/tech-support |
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I'm starting to see a shift away from people buying relatively expensive crypto to ones valued at a few dollars or cents, as the returns are much better.
e.g. for $1000 you could buy 1 crypto that costs $1000 or you could buy 1000 cryptos at $1 each and the ROI being a lot better, with lower risk.
In the case of XEM, ADA, XLM, XVG and XRP this has been the case over the last month.
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You believed in a coin because it was always on top 10 coins? Well that's a great way to value a cryptocurrency..
Yes it is. I would be much less inclined to trust something that had arrived in the top 20 or 50 one week ago. The chances are it might be gone one week later. True, but NEM has been in that range for several years - it isn't a new project after all. Also, top X gives more visibility, which means people can do their homework and learn about the project. For example, there may be a great project today between top 300-400 but it would be very hard to find it if you're just looking at CMC. ...and all this with little to no marketing... It's now marketing itself as it goes higher up the ranks. |
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