Another story that really damages crypto's reputation:

http://www.theverge.com/2015/1/5/7496825/someone-stole-5-million-from-a-major-bitcoin-exchange


There really needs to be a solution to these exchanges. These thefts do no favors to the public image of crypto.

I think one of the best articles i saw on NEM was from Motherboard:

http://motherboard.vice.com/read/this-cryptocurrency-doesnt-want-to-beat-bitcoin-it-wants-to-beat-the-economy

It was nice to see Motherboard write up this article as (imo) they've got a large profile/presence online. I'm a fan of their youtube channel as well which does have quite alot of appeal. I've been a subscriber of theirs for a few years.

This was a conclusion i reached many years ago back in 2009. I dabbled with mining but considered it a waste of time as i figured if it took off, we'd soon see dedicated hardware which would outperform that of what we see in desktops today (aka, ASICs)

Plus there's no doubt in my mind that what we consider cutting edge asics (with the pricetag to boot) is merely scraps fed to the competing masses that manufacturers hand us. Ultimately the real winners are asic manufacturer's, who will have a monopoly not just over the mining hardware itself, but over Bitcoin too and the mining process. (No doubt they'll use any experimental tech to mine for themselves, turning over a profit giving them an advantage; when this ceases to be, they sell it to the masses at a premium. Rinse and repeat.)

I personally would like to know how this is any different from centralized/privatized banks who conduct fraudulent business with FIAT.

With this in mind, within a few days i didn't go near crypto again for many years - only coming back here after hearing about NXT and NEM. In retrospect my foresight actually cost me alot of money - if i had carried on with mining, i'd have been better off today. But the way i see it is this is a short term profit that has no long term sustainability. It won't last. In fact, i'd argue the only thing keeping Bitcoin afloat is miners who manipulate the market and, most certainly, black market trade of said currency (Which is an inevitable outcome as governments and banks will deem crypto's a threat - there's a reason "anonymous" coins have such high appeal. This is a fact.)

PoW needs a successor if Crypto is to be taken seriously, then all is left is to deal with any threats from banks or governments who will likely regulate it to destruction.

Found this article:

http://www.coindesk.com/19-crypto-2-0-projects-watch-2015/

No NEM listed on it though. Not even NXT which was rather surprising.

Gotta bare in mind Nemstake is seeing less volume simply because there's less Nemstake available. Most buyers have bought, redeemed, and await release.

Seems a tad unreliable to peg NEM's future prospects onto an asset which is slowly dwindling in quantity.

Yeah, so far though this project has proven it is different; an active asset that has seen plenty of activity - first of it's kind - and a functional, beta client to play with. Nevermind seeing a fairer distribution coupled with taint analysis...

Although what i've said is cliched, this coin is different.





I can't imagine there are many nemstakes left to trade - hence the smaller volume. Most people would've redeemed their assets and have a place on the stakeholder list.

Yup. NEM has seen huge growth from what was essentially nothing. It's clear to see that there's a number of people here who have intents to sell almost straight away - now of course i don't hold them against that, but i do believe they just see quick profit in their eyes and this is most certainly going to be their undoing - this is the biggest problem crypto's have in the altcoin space, and is precisely why we see so many scams, pumps and dumps, fudsters and other chaos. They're in it for the FIAT.

I'm certain that the less vocal among us who regularly spectate these discussions are likely in this for a much longer haul, and I like to think of myself the same.

Oh man, the Stalker games were awesome. Loved their atmosphere.

Said it before, i'll say it again;

I'm only interested in a solid platform. I don't want another bitcoin where there's so many patches and holes it makes people wary of investment. This is not what NEM needs.

Your efforts are very much appreciated. It's nice to see NEM get some representation.

Clearly not a reputable site either considering the eyesore it is, nevermind how the writer can't even paragraph. FUD in a nutshell.

This is a topic gone over a million times, and common sense pretty much says this - those who pressure for a release are likely people looking for quick fiat anyway, and won't contribute to the nem ecosystem.

I want NEM to be solid, without it things will crash pretty quickly.

Being a direct investor in EXO and watching it closely myself, i have to say there is no similarities with EXO and NEM in terms of development, devs or how it's being handled.

EXO was once perhaps a real vision and project but it has now descended into a cut and run. Considering the developer never made much efforts to communicate with the community, it was bound to end up in this scenario sooner or later - a complete stark contrast to what NEM has been.

or, use:

http://preev.com/


Work out price of NEM (per NEM coin) in fiat, then enter it into the above site. Benefit of this method is the site is regularly updated with the fluctuating price of BTC.

Not sure why you'd be interested in it's FIAT value though - selling will be the furthest thing from my mind as i know in the many months after release, NEM's true value won't be realized.

Good to hear.


I see the trolls and fudsters are back again. Obviously wanting a quick release so they can dump (Likely individuals who "Redeemed" their stakes so therefore can't dump on AE) - i expected nothing less from BTT. The real discussions happen over at Nemforum.

There never was or has been a deadline in my mind. The last thing i want is a project that ultimately winds up just like what Bitcoin is.

Yup. It's very easy to fall for the same traps as others - by assuming people understand even basics that everyone else (like us) considers common knowledge.

You get this in any field regardless of specialty - and you get "specialists" who frequently assume people understand even basics the majority are unaware of.

Clear, step-by step guides are an absolute must, not just in the wallet setup, but also on higher levels such as running nodes on various OS's.

As a direct investor myself, i approached it prudently and only invested what i could afford to lose.

As others have stated, i think this was a project with good intentions but i think the devs bitten off more he can chew, thus it might just turn into a money grab/scam.

I've not followed much of EXO, seeing as the developer hasn't made much an effort to communicate with his investors.

Everything you've said thus far the reality has proven otherwise. It's staggering what utter nonesense this is, even despite the obvious language barrier. There's been no other community that has had the ears of the devs as much as NEM has. Repeated votes and even changes to otherwise big rules have all been considered and done so if necessary. I've also no idea where you're pulling this centralized malarky from either - if you want to make accusations like that which stick, take your pick of any other thread on BTT - plenty of other coins have a far worse reputation and distribution method, especiall PoW.


It's so bad it's funny.

Knowledge is not synonymous with wisdom -- people often forget that.


(This isn't a personal dig at anyone, just my observations/life experience)

A individual with wisdom asks "Is what I'm learning true or false?"