[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread

[WayToGo]

Can someone give me the best answer for this query, which was asked in a different thread.

What does NEM hope to deliver that makes it much better than NXT? I know this sounds like a defensive attacking question but it's not, I genuinely want to know what is the best at least on paper if all things promised are delivered?

+ Initial distribution
+ POI
+ kickass client at launch

There is much more "under the hood" stuff that is being worked on though. I can't say anything about that because it hasn't been officially anounced yet and I don't want to overpromise (in case something goes south and things don't make it into the release).

+Obivously the whole team (whichi includes the entire community, devs, ...).

Thanks for answering so promptly. 

[mlwlxz]

Can someone give me the best answer for this query, which was asked in a different thread.

What does NEM hope to deliver that makes it much better than NXT? I know this sounds like a defensive attacking question but it's not, I genuinely want to know what is the best at least on paper if all things promised are delivered?

+ Initial distribution
+ POI
+ kickass client at launch

There is much more "under the hood" stuff that is being worked on though. I can't say anything about that because it hasn't been officially anounced yet and I don't want to overpromise (in case something goes south and things don't make it into the release).

+Obivously the whole team (whichi includes the entire community, devs, ...).

Thanks for answering so promptly. 

+1, thx!

[DeerCoin]

I was advised by my cousin that told me how to get signed up for this NEM currency that I should go online and I should go on this board and that I should post in this thread if I wanted to keep my place in line for this IPO or else someone would steal it from me.  Why would this happen?

[patmast3r]

I was advised by my cousin that told me how to get signed up for this NEM currency that I should go online and I should go on this board and that I should post in this thread if I wanted to keep my place in line for this IPO or else someone would steal it from me.  Why would this happen?

Ask your cousing why this would happen. Clearly he missunderstood something.

[TwinWinNerD]

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)


A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know

[Come-from-Beyond]

+ POI

Where could I read more about it? I contacted utopianfuture regarding some issues related to POI but got no answer. He is not a tech guy, so I should contact a developer. Who is writing the core?

[utopianfuture]

I was advised by my cousin that told me how to get signed up for this NEM currency that I should go online and I should go on this board and that I should post in this thread if I wanted to keep my place in line for this IPO or else someone would steal it from me.  Why would this happen?

This is not an IPO. You are expected to contribute so you might not be suitable if you are new to the crypto scene.

[bluedude]

Can someone give me the best answer for this query, which was asked in a different thread.

What does NEM hope to deliver that makes it much better than NXT? I know this sounds like a defensive attacking question but it's not, I genuinely want to know what is the best at least on paper if all things promised are delivered?

+ Initial distribution
+ POI
+ kickass client at launch

There is much more "under the hood" stuff that is being worked on though. I can't say anything about that because it hasn't been officially anounced yet and I don't want to overpromise (in case something goes south and things don't make it into the release).

+Obivously the whole team (whichi includes the entire community, devs, ...).

Nice points.
When do we know more about  "under the hood" features?
Thx.

[utopianfuture]

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)


A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know

I am not the tech guy but I think you are mistaken. Private-public key design is different from brain wallet design.

[TwinWinNerD]

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)


A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know

I am not the tech guy but I think you are mistaken. Private-public key design is different from brain wallet design.

Why do you think that?

[utopianfuture]

I was advised by my cousin that told me how to get signed up for this NEM currency that I should go online and I should go on this board and that I should post in this thread if I wanted to keep my place in line for this IPO or else someone would steal it from me.  Why would this happen?

This is not an IPO. You are expected to contribute so you might not be suitable if you are new to the crypto scene.

I do mean every stakeholders are expected to contribute in building NEM. It does not necessarily mean you need to contribute something right now since you could help NEM in the future by running nodes, spreading the words etc. The key word is that stakeholders are expected to contribute at some point. If you think of it as an IPO and you are an investor, then NEM is not for you at this phase.  
In short, stakeholders = contributors. Investors = someone putting money in and expect others to do the works, coding, promoting etc. This should be made clear.

[utopianfuture]

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)


A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know

I am not the tech guy but I think you are mistaken. Private-public key design is different from brain wallet design.

Why do you think that?

With Bitcoin you can generate a private key offline without compromising the security (no need 1 out transaction to secure the account as in the case of NXT)
Alright, it is not my intention to evaluate the security strength of different design. However, it is well-established that brain wallet as the term commonly used is not Bitcoin private-public key design.
https://gist.github.com/gavinandresen/3840286
http://bitscan.com/bitnews/item/the-pros-and-cons-of-brainwallets

[TwinWinNerD]

With Bitcoin you can generate a private key offline without compromising the security (no need 1 out transaction to secure the account as in the case of NXT)

This is indeed true. But the creator implemented this as a feature.

Our dev said, that he will implement a way to broadcast a publickey for any privatekey without sending a transaction.

Also there is a good solution for this now. You can fund an account that never saw the internet. Then sign a transaction offline, and then broadcast it withanother client to the network. This is as secure as BTC coldstorage.

[patmast3r]

+ POI

Where could I read more about it? I contacted utopianfuture regarding some issues related to POI but got no answer. He is not a tech guy, so I should contact a developer. Who is writing the core?

A whitepaper will be released when the algo is actually finished. Right now it's still being worked on.
Afaik makoto1337 is implementing POI so he should be who you're looking for

[slapper]

NEM is popping up more and more lately. Thread bookmarked and I understand that even the waiting list is long.

[SIjong]

what happend with the sockpuppet guys? There was a working list -refund list- what is with the deposit to this people?

[Simakki]

I think that ongoing development is really something new. Just look at the screenshots and some of the ideas in NEM, especially with NCC, cos many coins are something that avarage persons does'nt understand or could easily use.
Meaning that, they are made by coders to the techpersons, but not actually with great UX or ease of use.

[howi53]

Someone from Germany here?
Any idea, how to support NEM?
Does a German NEM forum exist?

[Juzion]

ich bin deutscher und habe schwierigkeiten hier mitzulesen

[pabloangello]

I would like to see colored coins idea working at last.