How exactly is XEM supposed to have value?
Just like every other trust based currency (Fiat, crypto coins...). By the trust which people build up if the tech is secure and stable, and by features the tech is providing. And since it was always a main goal for NEM to make it easy to build additional features upon it, we will have a lot of interesting featurs in the future. I think you are too vague, there are many different crypto currencies. For example, ethereum is just a "fee-coin". NEM is a platform, but I don't know how XEM is supposed to have intrinsic value, is it just like Ethereum? Like you send 1000 dollars on the NEM platform, then you need 2 XEM as a fee. Or is XEM going to be more than that? Is it going to be a store of value like Gold or Bitcoin? Etc.. I can be any of that. We'll see what people will use it for. btw...Bitcoin is imho no store of value. WAY to volatile. |
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Is there any way to see a list of currently guessed guesses?
no. all guesses are encrypted on the chain so as to not prevent people from giving the same wrong answer. Gotta get some of those XEM back for that kinda price  |
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storage and internal payments
how exactly does it use it for storage ? |
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I suppose "primary account" is already filled in, but how do I call the "node name" ?  doesn't matter. You can name it whatever you want. |
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The Sound of NEM game has started. It is a great chance to win 500,000 XEM by listening to a sound and guessing correctly what it is. You need help to get started? Download and install the NEM software: nem.io/install.html Helpful tutorials: - blog.nem.io/nem-quick-start-guide - blog.nem.io/windows-mac-installation-guide Here is the blog post with the full instructions. http://nem.io/soundofnem/ 中文NEM之音 http://blog.nem.io/soundofnem-cn/This is going to be great. good game. no answer yet. if one try was less expensive and if there was some sort of clue, then I would have tried to guess (it's a WW2 click recognition thing for soldiers when they are lost so they know they are on the same side) That would have been my guess... Anyway, I 've got a question concerning booting the local node, is there something I can do so the wallet starts to boot a local node automatically when I open my wallet? I don't think it's a cricket beause the click is only at the end of the sound i think. Yes, there is an auto-boot setting. Just check out the settings page. It's a checkbox. |
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Nice.
Like I said, the wallet itself is encrypted but storing it in an encrypted container isn't a bad idea. Both worthless without appropriate passwords of course.
When you export your wallet you get an archive. Make sure to store it in multiple safe locations in case one becomes corrupted (as in disk failure or whatever).
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Correct me if I am wrong but NEM is vulnerable when it comes to the following; - "Whoever has knowledge of a private key has full control over the associated funds", which implies that if somebody is somehow able to guess your passwords he or she has only full access to your funds if they have access to the wallet file? So that's pretty safe right? - Somebody who is able to guess your key has by definition access to all your funds? I think this is risky, especially with the coming quantum computers. I think it would be better if a key alone is not enough to hack all your funds. Or am I missing something? If your able to guess that key then the NSA will hire you no questions asked and pay whatever you want. I was talking about quantum computers...not guessing... NEMs wallets are no more or less secure than other cryptos right now. You wanna worry about something ? Worry about this https://thehackernews.com/2015/10/nsa-crack-encryption.htmlThat puts your bank account at a whole lot more risk than your NEM wallet. That's some scary sh%t ! The US is acting like a global dictatorship.. It sure is some scary shit  |
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Also if you export your wallet (which is making a back up of your wallet), then you automatically also have a back-up of your keyfiles right? So you don't need to safe keyfiles yourself. honestly I think keyfiles are a pain in the ass and I don't know what they are good for...
I think you still didn't look at all into it and have actually no idea what you are talking about. I'm sorry to be so blunt but it's gettin a bit annoying What do you mean by keyfile ? You have 1 or more wallets. 1 wallet can hold many accounts but that doesn't even matter right now. Your wallet is an encrypted file stored locally on your computer that hold your key. Noone can decrypt it without the password you chose and as long as you don't pick a crappy password. Noone will be able to guess your key unless he is the luckies son of a bitch in the entire universe. Bitcoin uses the same system. Ever heard of a wallet being compromised by guessing a key ? I am just not familiar with keyfiles that's all, didn't even know bitcoin uses keyfiles as well. When I hear the term "key" I get the impression that somehow it's a necessary file/password to perform transactions and that you have to use it a lot. To you they may be basic noob questions but if the attitude is "stfu noob" then only a few crypto nerds will join the NEM platform and this thing won't take off. After all, isn't this project supposed to serve the poor in Africa? If somebody with university qualifications does not quite get it, how are they supposed to get it? Or is NEM meant to be a platform for a crypto elite? The attitude is not stfup noob and I'm sorry if that was the impression i gave you. The attitude is plz read the links multiple people have provided and come back if you have any further questions instead of asking variations of the same question over and over again. You could say the key is a necessary file/password (shouldn't but could for arguments sake) to perform transactions. The thing is it's a very long and random password so noone will be able to guess it. Since you won't be able to remember it it is stored in a file which is what everyone refers to as wallet. You don't want anyone else to be able to access that key so the wallet is encrypted with another password that you get to choose. So you have a password to decrypt your wallet and that is actually all you need. The key itself will be used by the client in the background. The client will ask you for your password, decrypt the wallet and use the key. So what you as a user need to transact is your wallet (i.e. the file that is stored) and the password you chose when creating the wallet. The key is something that is handled by the client in the background. |
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Correct me if I am wrong but NEM is vulnerable when it comes to the following; - "Whoever has knowledge of a private key has full control over the associated funds", which implies that if somebody is somehow able to guess your passwords he or she has only full access to your funds if they have access to the wallet file? So that's pretty safe right? - Somebody who is able to guess your key has by definition access to all your funds? I think this is risky, especially with the coming quantum computers. I think it would be better if a key alone is not enough to hack all your funds. Or am I missing something? If your able to guess that key then the NSA will hire you no questions asked and pay whatever you want. I was talking about quantum computers...not guessing... NEMs wallets are no more or less secure than other cryptos right now. You wanna worry about something ? Worry about this https://thehackernews.com/2015/10/nsa-crack-encryption.htmlThat puts your bank account at a whole lot more risk than your NEM wallet. |
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Also if you export your wallet (which is making a back up of your wallet), then you automatically also have a back-up of your keyfiles right? So you don't need to safe keyfiles yourself. honestly I think keyfiles are a pain in the ass and I don't know what they are good for...
I think you still didn't look at all into it and have actually no idea what you are talking about. I'm sorry to be so blunt but it's gettin a bit annoying What do you mean by keyfile ? You have 1 or more wallets. 1 wallet can hold many accounts but that doesn't even matter right now. Your wallet is an encrypted file stored locally on your computer that hold your key. Noone can decrypt it without the password you chose and as long as you don't pick a crappy password. Noone will be able to guess your key unless he is the luckies son of a bitch in the entire universe. Bitcoin uses the same system. Ever heard of a wallet being compromised by guessing a key ? |
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Correct me if I am wrong but NEM is vulnerable when it comes to the following; - "Whoever has knowledge of a private key has full control over the associated funds", which implies that if somebody is somehow able to guess your passwords he or she has only full access to your funds if they have access to the wallet file? So that's pretty safe right? - Somebody who is able to guess your key has by definition access to all your funds? I think this is risky, especially with the coming quantum computers. I think it would be better if a key alone is not enough to hack all your funds. Or am I missing something? If your able to guess that key then the NSA will hire you no questions asked and pay whatever you want. |
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nothing else to say about my avatar ?
and by the way i would have voted but there was no NONE option..
So are you saying we have to stick with crappy 1.0 coins then? Ive added none just for you, but i think only a minority will vote!  None doesn't make sense though The question is which one will be most successfull. Even if something isn't really successfull it can still be more successfull than the others. |
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do they expire at some point ?
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Also how can you print a key? it doesn't make sense to me if a key is a computerfile inside the wallet Extract the key out of the wallet. There is still a key it's just stored inside an encrypted file. |
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Also, if private keys are passwords, how do you prevent brute forcing/hacking of accounts? Private-keys aren't passwords. Private-keys are just password-protected inside your wallet. In most Brainwallets private keys are passwords (hashed versions of it anyway) Okay, so if somepony has got my password, they don't have access to my account since they don't got the keys? They need your wallet file and your password to access your account. |
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Also, if private keys are passwords, how do you prevent brute forcing/hacking of accounts? Private-keys aren't passwords. Private-keys are just password-protected inside your wallet. In most Brainwallets private keys are passwords (hashed versions of it anyway) |
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Cosigners of the MS account, can you see my messages? I don't see ones. v0.6.42 standalone. Have same message, curious, did message reached voice of NEM correctly. prob just a bug in NCC. |
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Anybody knows when asset exchange going to come out?
Well I guess we need assets (mosaics) first^^ Mosaics are working already pretty well on testnet and I guess it won't take too long until we have mosaics on real net. Seriously this is just silly, stay focused on developing the NEM project technically and people will want to buy XEM themselves, no need for these silly games...It's NEM unworthy...No more freebies, it sounds cheap, I am sure if the tech is right, more people will join the network...  There will always be people who like and dislike stuff. If you don't like Sound of NEM then just don't play. In my opinion something like Sound of NEM cannot harm the project, but it might create awareness, which is needed to make the great tech of NEM known at all. Btw: No dev was involved in Sound of NEM of course. So there is no reason to believe the tech development was slowed down by this game. Just in case you were trying to say that... Hmm okay I thought this was a DEV project Sound of NEM game was thought of and mostly made up by Microove who is a community member and not a dev. It was funded through private donations from NEMsters. Mixmaster and I, who are on the core marketing team have helped Microove out with some of the final details so he can see this project realized. I think he has done a great job working out the details and making the videos myself. Meanwhile the devs have been very busy developing. They have a NEM experimental network of Mijin going at 100 tx/s. Yes, 100 tx/s. Mosaics and Namespaces are just about to released on the public NEM testnet for anybody to test. More information about that will come out soon. Thanks Jabo, I think NEM devs are the best devs in crypto town, however the wallet is still too complex. Can you tell me how I can make a back up of my wallet? I mean the NEM wallet operates online or are my coins secure on cold storage on my harddrive? I know these are noob questions, but it's still not quite clear to me... |
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I think he has done a great job working out the details and making the videos myself.
schizophrenic much ?  |
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This is going to be impossible.
FTFY |
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