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201  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: February 10, 2015, 10:49:32 AM
What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

While that is the ideal pov i do want to add some thing from my pov.

@2) I maintain that NEM is NOT the only system with blockchain enforced multi-sig. BTCs multi-sig has to be enforced by the blockchain. It may be right that you have to prepare everything for that on the client side but the blockchain has to enforce it somehow otherwise there is no multi-sig. If I have multi-sig set up and the network still accepts tx without the co-signatories then noone would dare to say BTC has multi-sig because that would be a lie. NEMs implementation is infinitely more userfriendly though.

@4) They have the possibility but I personally doubt that they will use it (eventhough they very much should). From my experience crypto-service providers have their one implementation and try to squeeze every new coin in there no matter what. Everything else is just to much of a hassle for many or even most. At least that's what I suspect.

Although i agree, the thing is it's precisely their attitude thats causing so many problems in the crypto world - i think they're going to have to make more of an effort to utilize such new tools if they want to keep their reputation (and crypto's) intact. There's really no excuse.

They've been given the means, they should set their priorities straight and take that opportunity even if it does require a bit more effort. The consequences significantly outweigh it.
202  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: February 07, 2015, 05:15:50 PM
I can't wait for the incessant noise about launch to be over with.  We get it people you want XEM to be live. there isn't one person who does not want XEM to be out of testnet. but no amount of plea bargaining on bitcointalk, forum.nemcoin, twitter, facebook or a note notarized signed by your mother is going to convince these devs to ship ugly. so all your doing is wasting breath(text). remember December launch quote was before multisig was included in the plan. you see the need for it right? we got an awesome feature that separates XEM from most coins with an extra month of coding. and now some testing.

TL;DR unwind your bunched panties, it will launch when ready, and it will be more glorious than the NEM that convinced you to buy a stake.

PS if your complaining about timelines and have a free stake go to hell.

Nailed it. Once you shift through the smoke and mirrors (fud and nonsense), this is really all thats important. In a world thats dominated by day-traders and pump and dumpers, i can't say i'm surprised that so many lack the patience needed to make a unique crypto.

In the meantime, people should be supporting by running the beta.

What i do find rather funny is that all this extra work and effort the devs pour into NEM is precisely what gives it value. In the long haul, the users in this new ecosystem benefit, but sadly so many are caught up in immediate gratification in the short term at the expense of long term -- this is in contrast to why I invested in NEM.

I'm tired of seeing clones and alt currencies based on PoW formula, it's become stagnant and it's why so many people exploit alts. No innovation, nothing groundbreaking and no progress, only people who manipulate those markets to concentrate wealth into the hands of a few (whales), leaving bagholders with nothing of value. NEM's distribution will really help combat this.

I "invested" into nem under the assumption that what i put in i may lose. This is how it goes in crypto. The Alpha/Beta has shown this is developing into a real, serious project, with more yet to come. I'm quite happy to wait as long as it takes because i know this is, as previously stated, a Sleeping Giant.
203  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: February 05, 2015, 08:41:17 PM

I think that NEMs huge problem is that it wasn't launched in November before the current BTC slaughter and all ongoing ALT slaughter. I know, you might tell how NEM wasn't ready, multisig wasn't ready etc.. and I agree with this, but I think huge opportunity has been passed. Crypto is in a big slump and it will take time for it to get out of this slump. Problem with NEM is that will be launched in the midst of the crypto storm crisis.

Look at NXT, they are constantly delivering but the price is plummeting and trust me, there is not even that many whales unloading at the moment. You might say how NXT is worst than NEM but I don't agree, feature wise it will take NEM a good year of development to catch up its bigger brother. I have read a prediction somewhere how in 2015, 80% of ALTs will loose 80% of value. I think this is exactly happening and keeping this in mind, NEM is just coming at the bad moment.

And just to add, this is why I am pissed by all the delays since my claimed stake is now stuck. In the crypto world, investment climate is changing very fast. What seemed good in October doesn't seem that good in February.

yes that pissed me a bit cause i felt that bitcoin would fall from 300 and sold my modest stash of bitcoins at that price. We know the rest it fell well below 200. I re-bought there and recover some of my "virtual loss" because of my NEM redeeming two weeks before. Doesn't mean i don't believe in Nem, i just FRIGGIN HATE being blocked and unecessarily bagholder when obvious moves are about to happen in crypto world to optimize my coin stash.

Well i don't own much Nem because i smelt bitcoin blood back in december and played über safe but this redeeming blocked me well in my trading strategy Smiley Can't imagine for the guys who have several stakes redeemed looking at crypto being slaughtered and nem launch delayed to march april may etc...Would drive me mad, i'm not the long term kind cause i discovered you always get rape doing so cause crypto landscape is very lunatic. Never worked once for me to baghold in alt crypto world. NOT ONCE. It just never works, you have to follow the trends.

It can work for NEM because it is first class crypto but always a risky bet to just sit and wait.

In the end, being pegged with nxt and btc is just a pain in the as* Smiley

Major dump after the launch would be a worst case scenario and Im arfraid that we´ll see that. Alts are taking huge hits and we are stuck with frozen stakes, although i believe in NEM i did not like lost value of my investments.

I think it's well established that NEM is not your typical altcoin - and yeah, I know this is an extremely cliched thing to say as most say it about alts, but the proof is in the pudding with the functional beta client.
204  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: February 04, 2015, 10:59:05 PM
...
In any case, there is a lot of room for people who really want to help and can do things. This is NEM, remember? This is the economy where you can help to solve the problems. It all depends on you... and everybody else here.  Wink

Give me the word and i'm ready to support nem as much as i can. Gunna get me some banana's and servers set up to help support the network on release.
205  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: February 02, 2015, 05:39:25 PM
i find it quite astonishing that we have thousands of stake holders and very little actual complaints about launch taking a long time. some frustration yes but thats most of the time followed by a show of support for what the devs are doing. this sort of tells me that over the last 6 months or so, we have shaken lose all the dump-at-launch-ers who would normally be the ones complaining saying that we should just launch and are left with people who have long term hopes for nem and will hold much longer. Interesting times ahead Grin

Or nobody cares anymore Tongue.



You really don't get it. I personally have a stake and just want to dump it. Do you honestly think we are going to come here and criticize after you guys have proven yourself to be such soup nazis. The NEM guys have lost all touch with reality I think.

This is why you're ignored (And btw, cheers for confirming my last post). It's glaringly obvious the people who pressure for a release with insults and condescending remarks want to do precisely this. Wouldn't surprise me at all if you're a professional troll who uses FUD to manipulate markets for their own gains. Hopping from one coin to the next with no real dedication to any project whatsoever.

In response for your last message though:

Trolls have arrived. That means NEM is doing something right.

Watching this thread. Launch is near I guess.

I wouldn't use the word troll(s) loosely. No doubt it's a tiny minority of people (or person) using multiple accounts to create FUD. Sorta the norm on BTT which is why nem has it's own forums to play with -- in many respects it just goes to show how manipulators are ruining crypto and what it stands for.

Besides, given the recent downtime of BTT, creating your own forum is sorta a given with any even remotely serious crypto.

At any rate, the features the devs are building into NEM will by default give it value, regardless of what fud and trolls say. Best to ignore them so they look the fools once NEM hits full release.
.... This has achieved NOTHING in the market ....
You have a redemption thread that is heading toward a year old, you guys are noobs of the highest order. And you claim I am FUD! Dicks..

 NEM does have value already - it's called NEMstake. Else you wouldn't be here, correct?

If you wanna go play the markets, go dump your stake. Someone more commited might just buy it off you Wink. I'm sorry; but some people see right through you.

Anyway's, i'm done being troll bait Tongue
206  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: February 02, 2015, 12:11:25 PM
Trolls have arrived. That means NEM is doing something right.

Watching this thread. Launch is near I guess.

I wouldn't use the word troll(s) loosely. No doubt it's a tiny minority of people (or person) using multiple accounts to create FUD. Sorta the norm on BTT which is why nem has it's own forums to play with -- in many respects it just goes to show how manipulators are ruining crypto and what it stands for.

Besides, given the recent downtime of BTT, creating your own forum is sorta a given with any even remotely serious crypto.

At any rate, the features the devs are building into NEM will by default give it value, regardless of what fud and trolls say. Best to ignore them so they look the fools once NEM hits full release.
207  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 30, 2015, 11:40:50 PM
Why not pay monthly interest for the first 6 months of NEM, encourage holders and buyers.
there will be node pay outs for the first 3 years.. Run a node and you will essentially get interest. Running nodes is more important to the network than people having incentive to hold. If people don't already have an incentive to hold then imo we have already failed.

Those who are hodling should be running a node anyway, it's in their interest to help support the network.

I know i'll be running my fair share of nodes once NEM releases.


yeah don't sell more than say 30% of your stake if u have to. You will just put coins into whales hands that will then manupulate with massive walls and kill the hard work made on distribution in the first place. Maybe it's a little idealist cause dumpers gonna dump anyway but fair distribution was the purpose of nem so let's keep it this way as long as it's possible. Forge and support the network. Most holders just have one stake or barely more, not 50 millions coins like nxt. A few have more of course but they paid a substantial price for it.

What the point of dumping to gain a few bitcoins anyway, especially for a long term high class crypto like nem.

I think it's also important to bare in mind that it's going to be much more difficult for whales to manipulate the NEM ecosystem, primarily because of it's wide distribution to alot of stakeholders. NEM is going to be more resistant to whales/wealth centralization then any other crypto as far as i can see.

Quote from: msin
Do you just make the rounds once a week to post something stupid and unproductive?

Quick browse of his post history and it's clear to see he doesn't contribute much to any thread he ever posts in.
208  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 30, 2015, 01:04:14 PM
What about the Nemstake that is tradeable on the NXT assett exchange, how can i get that? I'm confused

There was a short period where people could trade their claim of Nemstake into a NXT NEMstake asset, allowing them to freely sell the asset if they so choose (Or buy more). NXT asset holders had to then send the asset to a specific NXT account in order to "redeem" it for real NEM coins on release - this transaction included a message of the REAL nem address to send the real coins to (The real address is generated in the NEM client).

Those who didn't convert it to an asset on NXT simply just kept the claim tied to their Bitcointalk account - meaning they had to redeem it differently (as Kodtycoon explained)

209  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 27, 2015, 12:01:39 PM
Many people think though that Bitcoin itself may not have a future, but the blockchain technology will - so there's no reason why innovative, groundbreaking projects like NEM can't get some serious momentum.

That's the thing. How do we know that NEM is "groundbreaking" when it doesn't really even exist yet? I am more interested in the PON model of mining at this point: PROOF OF NEM

Can we get some of that around here? February what? Please make the date firm. No more squirming around. If something isn't quite 100%, screw it, release it anyway. That's what Counterparty and NXT did and they've done just fine since.

So please stop all the talk about how great NEM is until it actually exists.

Last i checked, it does exist - in alpha, then in beta. Progress is being made. The proof is in the beta. and PoI is pretty groundbreaking, seeing as no other crypto uses it.
210  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 26, 2015, 04:41:42 PM
So is the launch in sight guys? I feel trapped with my 1 NEMStake redeemed and launch is nowhere to be seen. February is coming!!

It's understandable legitimately interested and eager participants/Stakeholders feel this way, but ya'll really should make your way to the NEM forums and Telegram chats. Following discussions there will help calm your concerns. I'm in the same position as you and participating in the discussions really helps.

After everything i've followed, i think the future of NEM will be pretty exciting.


Dear Nem, please save crypto from darkness

Cryptos will fly.
Also, we will see Btc back, soon.
May even 1000$ or more again, that's what I'm thinking.

Alot of buyers into BTC are speculative buyers - so i knew BTC would bounce back. With the recent news of the "licensed" bitcoin exchange, it was inevitable Wink. I think it would take something extremely big to turn Bitcoin into dust - a flaw in the code, or a successor crypto.

Many people think though that Bitcoin itself may not have a future, but the blockchain technology will - so there's no reason why innovative, groundbreaking projects like NEM can't get some serious momentum.
211  Alternate cryptocurrencies / Altcoin Discussion / Re: What is Your Top 5? on: January 25, 2015, 08:51:42 PM
Not a huge alts supporter, but dabbling in DOGE and DRK.

Never been a fan of altcoins either as the majority were by design for pump and dumps - Doge was a prime example of that and it was just very well marketed/manipulated (Google "Doge God.pdf" and you'll see what i mean) Only currencies that interested me were ones running their own algorithm or otherwise bought value to the table with some unique features.

NEM fits that bill rather well, seeing as it got plenty of initial stakeholders - most being from the veteran member rank here on BTT. I think that speaks for itself.
212  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 23, 2015, 12:07:13 PM
close to 45 000 nxt again

NEM is rising
It is still cheap before its official launch.

before its official launch...that maybe will never happen Sad

Im pretty sure you are right... just look at theire histoy besides a lot of promisses and a few "beta-clients" nothing has happend.
We still hear the old "The LAUNCH will be soon" Story and "BUY more as long as it is cheap !!" from the believers...
The Facts are theire marketcap and theire trades are declining and actualy my Personal opinion is that this whole PILLE of S+++
is nothing more than a big scam coin that keeps draging in more naive "we are the new economy" believers....
If i recall it right theire first launch date has been set to NOV-Dec now it is almost end of JAN and we still hear it will be "SOON"

I Bet it will be,as soon as the devs get theire tickets to the Caymans Cheesy


There's actually a fair amount in the pipeline. If you followed the forums and telegram chat, you'd probably be aware of this.
213  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 19, 2015, 10:57:55 PM
quick and short update.

We're still fighting with multisig, it's working, but it's too slow right now (that's why testnem blockchain restart didn't happen yet)
We need better performance to make it usable on a daily basis, otherwise we'd fall into problems quite quick.

Thanks for the update. Good to hear things are at least progressing.
214  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 19, 2015, 02:30:51 PM
i will hold my NEMs till death, nothing to lose anymore. If i see one of you selling below 10 dollars, i will put a contract on your head  Smiley

The beauty is anyone selling isn't going to effect price as drastically as most crypto's. Thanks to it's unique distribution Wink
215  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 19, 2015, 12:47:45 PM
Well, crypto is down overall (just like all kinds of assets all over the world). NEM has been taking longer than we had hoped, so it makes sense that some people are getting edgy. Launch really is getting closer, though, so I hope people can cheer up and help welcome in the new economy.

We have some amazing projects planned for this year and if even just half of them are successful, I think we will generate a lot of buzz.

Frankly i'd be really surprised if we didn't.
216  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 16, 2015, 02:06:08 AM
I hate to throw a curve-ball, but I feel like we are seeing the same names over and over, the same people praising, and the same people complaining. I really think we are losing steam with new people adopting this coin. Are we waiting on launch to start more marketing/advertising?

The problem is called Telegram. 90% of active nemsters hangout in our group there.

No, the problem is NEM isn't a real coin, after months and months of promises. That's why people are losing / have lost interest in this project.

NEM.. deaded?   Cry

I hope is not dead, but most people I know have sold their NEM. Please Dev team cheer  this up with good news, This is far taken too long.

How have they sold their nem when it's not released yet?

You must mean nemstake, in which case, isn't it obvious most people have redeemed their stakes and await the full release? Nemstake see's less trading because there's simply less Nemstake to trade.

Besides, its clear to see for anyone who's following this project that the activity is at the NEM forums as well as on Telegram chats.
217  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 13, 2015, 02:07:39 PM
There is another coin out there similar to NEM, Their client is based on NXT; It also have fair distribution.
It beats NEM to launch first.

http://nhzcrypto.org/

Their fair distribution are currently for sale on Poloniex exchange for price cheaper than NEMstake
https://www.poloniex.com/exchange#btc_hz




I forgot to include a link to their online wallet version.
https://account.horizonplatform.io/

NHZ is just piece of shit like NAS and another clones of NXT  

And of course there are no any relation with NEM

If it's a clone coin, then naturally it did beat NEM. NEM, thankfully, isn't a clone.
218  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta on: January 08, 2015, 03:31:55 AM
Time to swallow the reality pill guys. This guy has gone. Ran to the hills.

Blows my mind people cling to false hope when the release is many months overdue & there is no communication from the devs. It's over.
219  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 07, 2015, 01:50:03 PM
To keep you guys informed, multisig is progressing, but there's still lot of small details, that needs thinking/changing/testing.
We'd like to have last beta release (with blockchain restart) ASAP, possibly upcoming weekend (multisig probably won't be in UI until then).

Also please note multisig was never one of our initial goals, but large number of unclaimed/socks stakes forced us to add it.

Cheers for the update. Tis much appreciated.
220  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Redemption extended[Updates&Discussion] on: January 06, 2015, 11:56:29 PM

can't wait for February newsletter and postpone to March

February or else this is just the most elaborate crypto scam I've seen yet. At least I own one of the t-shirts for it. Might as well get one with Mark Karpeles' face on it next.

It's surely not a scam but they look a bit afraid to release Nem and see it eventually fail or "not doing so well" imo by postponing forever for whatever reason, that tiny amount of 144 stakes on nxt ae on a ridiculous volume is confortable but is no real price indicator compared to open exchange with volume, price manipulation etc within a hard crypto context...9 billions coins is a lot ffs.

i understand what they're doing, polishing a product to make it irreproachable, but extreme perfectionism is a bi*tch, hope we don't lose momentum and interest.

Afaic i'm disappointed mainly because Alpha state looked so advanced already this summer and now we're stuck with a postpone-fest launch date 6 months later with almost no "objective" progress for the not-so-techy.

I just hope we don't end up launching in the same time than Ethereum, nobody wants to release a movie during the same weeks than a Star Wars blockbuster haha

HOPEFULLY YOU WILL ALL LAUGH AT ME IN FEBRUARY Smiley

Functional Beta client, successful distribution with quite elaborate and clever taint analysis, work being done on multisig functionality plus many other projects and idea's in the pipeline.

I think it's safe to say this is not a scam Wink.


Perfectionism to an extent is actually pretty important. Unless NEM is rock solid, it won't be an effective currency/platform/economy, it will crash and it will burn.

With this in mind, i'd sooner they take their time developing NEM then rushing it out and seeing it collapse just because a few individuals wanted to cash out/cash in FIAT. Where all their hard work thus far would've gone to waste - this would be really devastating to see, not only because they've worked hard on it, but because NEM does hold great promise.

It's done when it's done. I think all the NEM devs need to do is just keep people informed of progress (Newsletters are very much appreciated by me, let me tell you), there's no need for solid dates untill they can be absolutely certain a solid date can be maintained.
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