NEM (XEM) - The Star Online: Bitcoin euphoria with NEM

[Sateetje]

Stephen Chia, the regional head for NEM, a blockchain technology firm with its own cryptocurrency called XEM, says that the narrative should not be about bitcoin but blockchain technology.

“Talking about blockchain and its impact on society is a more meaningful discussion. Bitcoin is just speculative and driven by a herd mindset,” he says.

He says NEM’s blockchain technology offers a fundamentally streamlined method of maintaining a secure ledger of transactions compared to a traditional database.

“NEM’s blockchain platform was designed and coded from the ground up for scale and speed and delivers industry-leading transaction rates for internal ledgers.”

Jason Lee, NEM global director of partnerships and strategic alliances, says it is important to understand that the underlying concept behind bitcoin and blockchain is that it is decentralised.

“It is a peer-to-peer ecosystem usually without a centralised intermediary. What we are observing is the advent of a technological change to society and what we should be really thinking about is how we can respond to it.”

Full story: https://www.thestar.com.my/business/business-news/2017/12/02/bitcoin-euphoria/

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[superdant1]

NEM future)

[styca]

Stephen Chia, the regional head for NEM, a blockchain technology firm with its own cryptocurrency called XEM, says that the narrative should not be about bitcoin but blockchain technology.

NEM is a great project, and the discussion should indeed be about blockchain not bitcoin.

However news articles about bitcoin are far better as a route to mainstream adoption. Massive price rises, gold-rush mentality, freedom from governments and banks etc, even supposed links to criminal underworld... this all adds a touch of glamour which makes bitcoin (and hence cryptocurrencies as a whole) seem edgy and exciting, the new thing to get involved in. Conversely articles about blockchain and the merits and possibilites of the tech just wouldn't have the same mass-market pull.

[Bytem3]

NEM (XEM) had a really good year and reached $2 Billion market cap. For sure a good long term investment.