WTF???
NEMstakes are still being sold on the AE!
They are trading for $1280 now according to CMC!
Dont these people know they are actually completley worthless now?
Some of the most recent trades were going for almost 100K per NEMstake. lol
Will be interesting to see if more sell orders appear.
Hmm... That is very strange. I guess it's possible that NEMstakes could be worth a lot more in the future if NEM is hugely successful, as some sort of rare historical collectible perhaps. |
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The main thrust of the course is for the students to develop applications for NXT on their own or in groups, and to use those applications to earn more of the cryptocurrency. The students who’ve earned the most additional money at the end of the semester will split a reward of 10,000 NXT for their accomplishments. (Who knew that college could teach real life skills?)...
..."It is up to the students, if they want to earn more NXT, to find a job paid in crypto, build their own business or simply buy them. So this isn’t just an educational course, but also a social experiment with implemented sociological theories." Sounds pretty cool. I'm sure most of them have probably heard of Bitcoin by now but I doubt there are many people who know about altcoins like NXT yet. Interesting to note that someone set up the same experiment with Bitcoin too back in its early days. Basically what happened was there was a teacher who set up an assignment where he got his Chinese students to register on this forum and try to earn bitcoins. Full story and the results from that experiment: Sorry, mixture of slow and lazy.
3 Classes we're involved, with roughly 80 students per class.
The classes were broken into companies of their own choosing, each company needed a CEO and CFO
And that's all the rules really. The general idea being that they had to do business with foreingers for bitcoin (as at the time only Westerners had bitcoin).
When I started I did have lots of complicated rules, but that just confused everyone, so kept it really basic MUST MAKE BTC, marks given for genuine effort.
The total amount earned by all companies combined was 75btc in a period of about 1 & 1/2 months.
The largest being 31 btc by a single group.
Next being 16btc
10,8....0
There were 17 companies, only 8 of them had any bitcoin at all, the rest got nothing.
I had expected an internal market to develope where companies would specialise and people would be lent from one group to another for a price but nothing like this happened at all.
What did they do?
Apart from spamming the forum and pestering people here are some of the things that we're tried.
Translating Chinese jokes to English
Selling Mp3's and video's about Chinese culture
Making a Chinese cookbook and attempting to sell recipies.
Having a magazine about Chinese medicine
Making two homemade KungFu Movies (which were actually very good but no one bought)
Giving advice on how to enter the Chinese market, open a Chinese bank account etc.
Selling traditional Chinese Medicine advice.
Begging.
The most successful of these was translating jokes, so successful that it convered the majority of bitcoin for the first 3 groups (two of which saw how we it was working and jumped in).
Problems
Language, obviously many of the students could not write a clear advertisement to save their lives.
Understanding bitcoin
Knowing how to use a computer
Having a computer or internet access (most students dont have).
Product ideas.
In roughly the above order.
Of all the students involved about 20 really made an effort or took part. And it seems to be those from this group that are continueing to use bitcoin (after counting they asked for their bitcoin back).
In most ways I would deem this experiment something of a failure, it was poorly executed on my part, and most of my hopes (of developing an internal market inside the college based on bitcoin) came to nothing, but there were some minor success.
Most of the winning companies were in the same class, most of the failing ones were together also, it seems success and failure are contaigous.
Questions?
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... I knew NEM is based heavily on NXT ...
Completely wrong. NEM isn't based on NXT at all. Maybe the same spirit but not a single line of code is shared. "Based" probably wasn't the best choice of word on my part since its meaning can be rather ambiguous - although perhaps not so in a software development context. I know NEM is completely new code. What I was meant to say was that its ideas, general characteristics, philosophy, etc. are mostly inspired by NXT. |
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Well, I just finished the redemption process. The whole thing took me 12 hours and I'm sure many others have also done the same tonight. Not sure if redemption will be extended again or if this is the final one but I'd rather be safe than sorry. I guess the only thing I have to do now is wait for the launch.  [...] what is meant by the word "password" in the box below? When creating an address, does the password equal the same thing as NXT's passphrase (which should be very complex) or Bitcoin's wallet encryption password (which can be simple)? I'm guessing it's the latter, right?  NEM uses wallet files like Bitcoin, so your private key is saved in the wallet file, but of course encrypted. To decrypt it, you need the wallet password, which you choose in that picture you posted. This means: Without your wallet file a hacker can't bruteforce your wallet password, so this is a more secure way compared to NXT's brainwallet system (assumed people take care of their wallet file and dont publish it). This also means: To be really safe, your password should still be very strong, because if somebody is able to get your wallet file, a bruteforce attack will find weak passwords fast and then your funds are gone fast as well. BUT: The wallet you create with the current NEM software for testnet (before launch) should not (maybe even can't) be used later after launch. So for now its not really important to have strong wallet passwords, but people should learn that strong passwords are very important to secure your funds after launch!It cannot be said often or loud enough that you have to save your real account data (to be precise: the private key of your account which you use for redeeming your NEM stake) really secure. Don't save it unencrypted to your hard disk. Don't save it in cloud storages like Dropbox etc. Don't send it via email or any other channel which is not heavily encrypted and really safe (if you are not much into cryptography, just don't send your private key via ANY communication channel). If you are not sure how to handle it, try this tutorial: https://forum.nemcoin.com/tutorials/guide-creating-and-saving-real-account-data/I agree, and you've explained the whole thing very well. I knew NEM is based heavily on NXT so I thought it was possible that it was a NXT-style brainwallet/passphrase although the way its presented and the use of the word "password" instead of "passphrase" indicated that it was more likely not a NXT-style brainwallet/passphrase but rather a Bitcoin-style wallet encryption password. However, I still think it's still true that a NXT passphrase, due to its design, requires a stronger degree of security than a typical Bitcoin wallet password. With a NXT passphrase, you have to assume that multiple attackers are attacking every single address in the network at once with very little cost whereas with a Bitcoin-style password, it's only a security risk if the wallet file falls into the wrong hands (e.g. if your laptop is stolen) and even then, your opponent is usually just a single person with a single computer. Hence a 30-character passphrase composed of letters, numbers, symbols, etc. would be the bare minimum for a NXT passphrase whereas it would probably be more than enough for a Bitcoin password. |
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Xapo only ask me for phone verification and never receive any address, passport number, origin of passport, and date of birth etc. I can withdraw 50 bits and not have any problem
That's odd. In my case, whenever I clicked the "pay" tab, a form popped up asking me for address, passport origin, passport number, etc. This was after I had my phone number verified. Only after I filled out that form did the "pay" tab finally link to an actual payment page. I haven't tried making any payments using it though. |
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-make sure you have the correct version - make sure the db is in the same file structure (nxt-default.properties will tell you) - make sure properties points to the file (again) I've never tried this service or on windows, but I've heard this works somehow. What version of client are you running?
If you have just upgraded to 1.4 .16, you have to delete the 'lib' folder too.
But it sounds like you might be using the installer version of Nxt rather than NRS?
Thanks for the responses. It turns out I was running the wrong version!! I was running the installer version when I should have been using the NRS. I just downloaded the NRS and it seems to be working now and the blockchain file I downloaded is now recognized although strangely, 1.4.16 didn't work once the lib folder was deleted so I kept it. The NRS doesn't slow down my computer as much as the installer version too which is good to see although I'm not sure why this is the case. EDIT: I decided to switch to version 1.4.15 of the NRS instead but everything else is still the same. |
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glad to see the guides are helping Ya it's same as bitcoin using wallet file. Ya it's nis using all the ram. If you want I can give you an IP address to connect to a remote nis. You won't have to run nis locally or ever have to download the blockchain. Always fully synced Are you running NIS as well? We give the server (NIS) at least 512 MB of ram.
Yeah, the laptop I was using was a bit underpowered since it only had 1 GB RAM. Since it was 32-bit, I had to use the standalone client which kept saying that NIS wasn't running despite following the instructions. Fortunately, I also had a 64 bit laptop running Windows 8 and 2 GB of memory at hand so I was able to boot that up and download the installer and the rest was pretty easy. Only one more step left and that's to send my NEMstake. But before I do that, my NXT client needs to be synced. Hopefully this part shouldn't take too long. To speed up blockchain download, go to www.peerexplorer.com and download zip of the latest database snapshot (bottom right part of page). Then unzip database to NRS/nxt_db and start NRS client. Unfortunately, I tried that method but it didn't work. I downloaded the 380 MB zip file yesterday but every time I tried to copy it into my nxt_db folder (or more specifically, C:\Users\Bizmark13\AppData\Local\Nxt Wallet\nxt\nxt_db), the NXT client refused to continue and shut itself down. Now I'm downloading the blockchain via the client and it's slow but it should be finished soon. It's currently at 9 April 2014 and continuing to download at a rate of about a month per hour or two. EDIT: Turns out I was using the wrong version! Problem has been fixed. |
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glad to see the guides are helping Ya it's same as bitcoin using wallet file. Ya it's nis using all the ram. If you want I can give you an IP address to connect to a remote nis. You won't have to run nis locally or ever have to download the blockchain. Always fully synced Are you running NIS as well? We give the server (NIS) at least 512 MB of ram.
Yeah, the laptop I was using was a bit underpowered since it only had 1 GB RAM. Since it was 32-bit, I had to use the standalone client which kept saying that NIS wasn't running despite following the instructions. Fortunately, I also had a 64 bit laptop running Windows 8 and 2 GB of memory at hand so I was able to boot that up and download the installer and the rest was pretty easy. Only one more step left and that's to send my NEMstake. But before I do that, my NXT client needs to be synced. Hopefully this part shouldn't take too long. |
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Not sure why but the blockchain file downloaded from PeerExplorer doesn't work anymore. I replaced the nxt.h2.db file in nxt_db (full path was actually C:\Users\Bizmark13\AppData\Local\Nxt Wallet\nxt\nxt_db) with the version in the downloaded zip file and instead of opening like usual, the NXT wallet shows a "NRS server has exited" and "Database shutdown completed" error and then shuts down. Tried it both with and without the included nxt.lock file as well as replacing the whole nxt_db folder with the downloaded version but nope.
Oh well. It looks like I'll have to download the blockchain via the client then. Hopefully it shouldn't take too long.
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I have three laptops; two with Windows XP and one with Windows 8. These are the specs for each: 1.4GHz Pentium M 1 GB RAM (upgraded from 128MB) 40 GB HDD Intel Integrated graphics Approx date: 2004 1.6 GHz Core Duo (dual core) 1 GB RAM (upgraded from 512 MB) 80 GB HDD (upgraded from 60 GB) Intel integrated graphics Approx date: 2006 1.1 GHz Intel Celeron 847 (dual core) 2GB RAM 320 GB HDD Intel integrated graphics Approx date: 2012-2013 Basic things such as emptying the recycle bin, opening tabs in IE, navigating windows, accessing the control panel, selecting text to be copied and pasted, closing prompts, viewing file/folder properties, opening device manager, accessing the task manager, etc. are much slower on the new laptop compared with the other two laptops which do everything virtually instantly. The Windows 8 laptop is brand new and has absolutely nothing installed compared to the other two which are cluttered with junk. Does anyone know why this is? I've also used a netbook running Windows 7 and it was also slower than the XP laptops I had. And yet, I see that others on the Internet have reported that their PCs run FASTER with Windows 7 and 8 which seems completely opposite to my experience.  EDIT: Also, it seems that the more I use the Windows 8 laptop, the faster it gets?! Hmm... |
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Could you describe what Solid Trust Pay is and what country is it from?
It seems to be a payment processor similar to PayPal with branches in Canada, USA, and Europe (Montenegro): SolidTrust Pay was designed so that anyone with an email account can send or receive SolidTrust funds. The company launched in April, 2006 and has grown to serve millions of clients worldwide. In addition to providing exceptional EWallet services, SolidTrust provides direct merchant credit card processing accounts designed for the online entrepreneur. Additionally, SolidTrust Pay has assumed its corporate responsibility in the world and donates significantly to recognized charities AND provides financial aid assistance to its own members! Link: http://www.solidtrustpay.com/aboutThey're small but it seems that they aren't completely unknown. Looks like they sell on LocalBitcoins too. Couldn't find any mention of Bitcoin on their site though. |
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Seems like very thuggish behavior. Surprising to see this sort of behavior coming from Bitcoiners - who usually tend to be intelligent, nerdier-type people. Most Bitcoiners would probably make better use of their time and skills by hacking computers, running botnets, coding viruses, exploiting security holes in exchanges, etc. or, you know, running a legitimate business or offering a legitimate service - than stealing via force and physical violence.
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Problem with Bitcoin can be all these get quick rich kids. Bitcoin, according to Jeffrey Robinson, is only 250,000 users (and many wallets barely contain any sizable amounts) and yet has a capitalization it is already worth more than many companies around the world which have millions and tens of millions of customers.
That 250,000 figure might not be correct. The truth is we don't know exactly how many Bitcoin users there are but there are indications that the number is higher than 250,000. Freebitco.in has over 1 million accounts. Coinbase alone has over 2 million wallets despite only being available in 19 countries (and even less a few months ago). Since they also implement AML/KYC laws, it would be rather unlikely for users to have multiple wallets there. Blockchain.info has 3 million wallets. I've seen estimates ranging from 250,000 to as high as 10 million: Shalek, the Ribbit Capital partner, told the audience during the closing panel:
"Bitcoin has this promise of enabling innovation. There are already 10 million people or more using bitcoin." Link: http://www.coindesk.com/bitcoin-stellar-sidechains-feature-future-money-summit/The true number is probably somewhere in between the two extremes. |
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The message "You don't have enough funds to send the amount entered." appears sometimes. Just wait and withdraw will work again.
I'm not sure are they scam or not. I just don't like this wallet.
They attracted people offering +50% to every faucet bonus, but to withdraw money you have to verify your phone number. It's small cheating IMO.
I found out about them from Freebitco.in. I registered an account a month ago using the link provided by them and got the free 50 uBTC. But Freebitco.in also said that I would get an additional 1,000 uBTC after verifying my phone number. Well that's what I did but the extra uBTC still hasn't arrived. And to withdraw anything, you need to provide your address and passport number which I was never told about. Weird. Oh well, it's only ~25 cents so it's not like I care anyway. Mr. Xapo, is it true that a client would need to provide his/her address and passport to withdraw funds? If so, why would you need this info in the first place? Are you a CIA/NSA crew on a mission? I'm not him (Mr. Xapo) but I decided to finally go through the verification step and it's easier than I thought. The site just asks you for your address, passport number, origin of passport, and date of birth. You don't have to submit any documents and the verification step is instant (or at least it seems to be). I still only have 50 bits which is only worth 1 cent and I'm pretty sure that's not enough to withdraw. Maybe the 1,000 uBTC bonus will come into my account now but if it doesn't then not to worry, as it's only 25 cents. I was never asked for my SSN unlike some of the reports I've read. Perhaps that is because I'm not an American? Honestly, I'm not interested in this service that much since I prefer to have control over my private keys and I don't think Xapo allows that but I can see myself using it for purchases if it becomes big in the future. |
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The message "You don't have enough funds to send the amount entered." appears sometimes. Just wait and withdraw will work again.
I'm not sure are they scam or not. I just don't like this wallet.
They attracted people offering +50% to every faucet bonus, but to withdraw money you have to verify your phone number. It's small cheating IMO.
I found out about them from Freebitco.in. I registered an account a month ago using the link provided by them and got the free 50 uBTC. But Freebitco.in also said that I would get an additional 1,000 uBTC after verifying my phone number. Well that's what I did but the extra uBTC still hasn't arrived. And to withdraw anything, you need to provide your address and passport number which I was never told about. Weird. Oh well, it's only ~25 cents so it's not like I care anyway. |
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Yes! I will be redeeming mine tonight. The place that I'm in has terrible Internet and the only laptops which can connect to the wifi are the one I'm using right now (an ancient Pentium M) and a netbook I hardly use. So I was able to download the NEM and NXT blockchains last night and also the NEM (standalone) and NXT clients will be redeeming my 0.1 NEMstake. Just one question though... How many coins are there now? I think there was discussion about changing the total supply a while back but I'm not sure what the outcome of that was. Is the number still 4 billion coins with 1 million per NEMstake? The NEM currency is comprised of 8,999,999,999 XEM, so each stake is 2,249,999.99975 XEM Ah, OK thanks. I guess it's kinda cool that I'm getting more NEM coins now. (yes, I know they're worth exactly the same but still.  ) Also, any particular reason why it's not just an even 9 billion? What happened to the 1 missing coin? The missing coin is to be burnt to commemorate those who couldn't live to see the NEMolution. LOL!!  But more seriously, I think it's got to do with Javascript limitations: The limitation of JavaScript only allows for less than around 9 Billion coins. After some deliberation it was then suggested that the total supply be 8,999,999,999 NEM coins and distributed in the same ratio as before (each stake being worth 1/4000 of the total supply). Therefore, each stake will be entitled to 2,249,999.99975 NEM coins. Isn't NEM based on Java though? JavaScript and Java are two completely different languages. |
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Yes! I will be redeeming mine tonight. The place that I'm in has terrible Internet and the only laptops which can connect to the wifi are the one I'm using right now (an ancient Pentium M) and a netbook I hardly use. So I was able to download the NEM and NXT blockchains last night and also the NEM (standalone) and NXT clients will be redeeming my 0.1 NEMstake. Just one question though... How many coins are there now? I think there was discussion about changing the total supply a while back but I'm not sure what the outcome of that was. Is the number still 4 billion coins with 1 million per NEMstake? The NEM currency is comprised of 8,999,999,999 XEM, so each stake is 2,249,999.99975 XEM Ah, OK thanks. I guess it's kinda cool that I'm getting more NEM coins now. (yes, I know they're worth exactly the same but still. ) Also, any particular reason why it's not just an even 9 billion? What happened to the 1 missing coin? |
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Yes! I will be redeeming mine tonight. The place that I'm in has terrible Internet and the only laptops which can connect to the wifi are the one I'm using right now (an ancient Pentium M) and a netbook I hardly use. So I was able to download the NEM and NXT blockchains last night and also the NEM (standalone) and NXT clients will be redeeming my 0.1 NEMstake. Just one question though... How many coins are there now? I think there was discussion about changing the total supply a while back but I'm not sure what the outcome of that was. Is the number still 4 billion coins with 1 million per NEMstake? |
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If anyone should have become an overnight millionaire it should have been me. We don't need another millionaire, and besides there is no room for you at the top of the pyramid. “The plain fact is that the planet does not need more successful people. But it does desperately need more peacemakers, healers, restorers, storytellers, and lovers of every kind. It needs people who live well in their places. It needs people of moral courage willing to join the fight to make the world habitable and humane. And these qualities have little to do with success as we have defined it.” ― David Orr Having millions of dollars worth of BTC would be nice but even having just enough to own a small house or having enough invested for the returns to be enough to pay the rent would be good enough. After all, how would someone make a good peacemaker, healer, restorer, etc. if they are homeless and constantly hungry? Being an early adopter would help this regard. |
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