How will NEM profit from Mijin and Dragonfly?
Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?
What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?
Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price. I believe that dragonfly pay is basically a fiat gateway that uses NEM as a means of funds transfer, so will be some serious competition to the likes of paypal. When dragonfly pay takes off, so will NEM So I think I get the Mijin-NEM link.
NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??
Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks. A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact. But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs. So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others. Does this mean that Sony will be making transactions on NEM? Not at all. Does it mean that they will even use Mijin as a part of their software suite? No, they might not even chose to turn that part of their software on. There are 0 promises here. But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software. And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services. That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess. From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly. This is possible down the road, but initially financial transactions would likely be between Mijin users (i.e. transactions across companies, or within companies [between departments etc -- finance stuff]), but the potential far exceeds financial transfers. Blockchains are public ledgers, so can be leveraged for all kinds of things.. Imagine IT wants to keep track of where all of it's computers are located (building / floor / cubicle); a blockchain could be used to track these assets and their movement, with the benefit of a rock solid audit trail. Just a tiny example of a non-finance use, there are heaps more. A few cool things about Mijin mirroring Nem: 1. Mijin's success lends a LOT of credibility to NEM 2. It's very unlikely that business would readily adopt a public blockchain like Bitcoin - they're more likely to create their own alt and run it privately. This approach makes it much easier and more agreeable for businesses to adopt blockchain. 3. As mentioned above - Mijin and NEM use the same APIs -- so an open source blockchain explorer or mobile app madefor NEM could be used by businesses on Mijin and vice-versa.. This could be really cool if it picks up -- I can imagine a number of gits popping up as businesses and outside developers explore what they can do with the blockchain, which could be built upon by both Mijin or Nem community members. A mutually beneficial development framework. I dont think Mijin has anything to do with Dragonfly pay, they are two separate entities. Dragonfly pay was announced a month or two before we even heard about Mijin. |
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How will NEM profit from Mijin and Dragonfly?
Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?
What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?
Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price. I believe that dragonfly pay is basically a fiat gateway that uses NEM as a means of funds transfer, so will be some serious competition to the likes of paypal. When dragonfly pay takes off, so will NEM |
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Nem back down to 364 sat now  Hopefully it's gunna rise above 400 soon?? you have obviously long forgotten 40 satoshi days  Or 30 satoshi days?  Im sure i remember we were as low as 25 at one point! lol |
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There may be others, but im confident that the major players are in this list.
Ethereum is not on this list, because its already hit $1 Billion despite it dropping back under.
Litecoin also went over 1 Billion USD in late 2013 so it should be also removed from the list by the same argument. Are you sure about that? My records show about 600 million. |
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Fixed  |
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IOTA Token is missing.
yes ill add that, hasnt launched properly yet though. |
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Ive never even heard of Vcash before!
Dont know what the big deal even is about it, but after doing some quick research, its simply vanillacoin but they have rebranded it!
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ETH is not an alt, nor is NXT, NEM, Bitshares, etc.
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Don't know if current price 370 sat is a good buy or not?
of course it is.......!!!!!! given time XEM will be a hundred times present value NEM's days are numbered below 400 sats! Never too late to buy. Things are really only just starting to heat up.  |
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There may be others, but im confident that the major players are in this list.
Ethereum is not on this list, because its already hit $1 Billion despite it dropping back under.
i would like to see Vcash on the list,thanks Added, but never heard of it. |
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There may be others, but im confident that the major players are in this list.
Ethereum is not on this list, because its already hit $1 Billion despite it dropping back under.
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CoinOUSD - WTF did this appear from???  |
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The way i see it. The main reason the price is relativey low compare other s@&"coins out there is because ppl are too lazy and not bother to lookup the corrolation between mijin, dragonfly and xem.
Furthermore, most if not all news, are in japanese. Xem really needs deserve a translator and a marketing team.
Until this happens, any progress is only know to xemalisse.
In some ways its not all bad, its keeping XEM concentrated on one market and thats Japan/asia. Once things explode over there its inevitable it will spread more quickly to the rest of the world. We do need some translators to translate the news articles though and perhaps then the news will spread further. |
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Just another Chinese pumped shitcoin.
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Whats the big deal about LISK anyway? Its just rebranded Crypti!
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Silkcoin for short term and NEM for long term! |
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Things looking good for XEM! I honestly didnt think we would reach #8 marketcap in such a short space of time. Once things take off in Japan which it appears so, things will really explode in the asian markets and eventually globally! |
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Awesome news guys! Well done to the whole team who made this possible! XEM is still cheap, and clearly the days of cheap XEM are numbered. We have achieved something that few if any cryptos have. Well done! |
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hi devs. any bounties for translating to other languages? I can translate to Filipino. there are so many pinoys here you can see it in the local forum. so it would really help XEM gain more adoption.
They have a translation team and are always looking for more to join. Send a message to jabo38 and he should put you in the right direction |
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Looking forward to launch! |
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