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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2824228 times)
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jabo38
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June 26, 2014, 11:40:07 PM
 #1381

Hi everybody, stakeholder here.

I would like to innitiate some technical discussions.

a) If bitcoin is cryptocurrency 1.0, an introduction of purely POS in NXT is crypto 2.0, would you say introduction of POI in NEM is innovative enough to talk about crypto 3.0?

Let me address the issues in bitcoin that make some people hesitate about its future:

a) mining : environmental issues, centralization as it is becoming more and more expensive for the layman.

b) the problem of its 7-transaction/second limit

I understand that POS and POI overcome problem a)

How does NEM addreses problem b)?

I would love to see this list completed by the community and developers/NEMsters in general explaining how NEM addresses these problems.

Thanks!

I consider NEM to be a 2.0.  I think of NXT as the first real 2.0 and Ripple too.  But for NEM as a 2.0 it can do many things right that have caused problems with other 2.0's. (our genesis narrative is better as well as distribution)  NXT's POS hasn't proven if it will be viable in the long run yet, so POI is a very interesting experiment.  Both PoW and PoI are responses to Bitcoins flawed mining system, for instance the slow and inevitable move towards centralization and greater environmental concerns.  

As far a transaction limits go, I can't answer the question well because I am not a developer, but I can say that since NEM is PoI it doesn't have many of the problems and that I am expecting it can have great transaction limits in the future as NEM's code is lighter and quicker.  


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June 26, 2014, 11:40:50 PM
 #1382

The way NEM is listed on coinmarketcap is actually advantageous.  When the coin does actually launch, it'll increase 4 times in capitalization overnight -

 so it could hypothetically pop up on launch day between $20 to $40 million (#4 to #6 on coinmarketcap) and everyone would be thinking "what the heck, who are these guys and how did they enter the top 5 so quickly".  It may even trigger an aurora styled buying frenzy.



Or glut in supply drives price per share down Wink.

Except the market price is determined by who's willing to sell (supply) and who's willing to buy (demand), and anyone willing to sell their NEM can already.

I wouldn't speculate that all the dumpers have already done so. I'd say there are folks that haven't flipped their share for an AE token yet for two reasons:

1) Too lazy to fuss with NXT. Plenty of posts littered in here to that effect.
2) Belief that they'll get more on launch day than now, so they'll wait until launch day to dump. Why bother with a token now when you'd have to wait two weeks. If you sit tight, exchange on launch day, then dump you'd be ahead of the AE guys.

You're forgetting opportunity cost.
Dump NEM right now, pocket $2K, buy $hitclones and make $20K profit.  All before NEM launches sometime between July - September.

Naturally this would be contrasted by the long term strategy, that if you hold onto your NEM then hypothetically a NEM stake could be worth between $5 million to $100 million..

 I'm running by the thesis that crypto currencies will be worth $1 trillion in 10 years (vs $2 trillion investment gold, $500 billion global remittance, $97 trillion investments world wide, $400 trillion derivatives).

Dot.com bubble in late 1990s was $7 trillion and back then fewer people used the internet.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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June 26, 2014, 11:42:34 PM
 #1383

If I buy NEMstake (TOKEN) today on NXT AE.... how to I turn that into actual NEM?

NEM:TAKW34-AZXNNI-HBASDF-M52WT4-FL2QZM-DC434J-PAOV
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June 26, 2014, 11:45:11 PM
 #1384

If I buy NEMstake (TOKEN) today on NXT AE.... how to I turn that into actual NEM?

Hi cmason22! You'll be able to convert your stake to NEM after the official launch.

Quote
Conversion of NEMstake tokens to NEM:
Owners of NEMstake tokens need to send the total amount of owned tokens back to the issuer (patmast3r's issuing account) and put their NEM address in the "comment" field of the transaction to receive the corresponding amount of NEM in the receiving address. Caution: you could lose your share if you don't put in the correct NEM address in the "comment" field.

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June 26, 2014, 11:49:14 PM
 #1385

The way NEM is listed on coinmarketcap is actually advantageous.  When the coin does actually launch, it'll increase 4 times in capitalization overnight -

 so it could hypothetically pop up on launch day between $20 to $40 million (#4 to #6 on coinmarketcap) and everyone would be thinking "what the heck, who are these guys and how did they enter the top 5 so quickly".  It may even trigger an aurora styled buying frenzy.



Or glut in supply drives price per share down Wink.

Except the market price is determined by who's willing to sell (supply) and who's willing to buy (demand), and anyone willing to sell their NEM can already.

I wouldn't speculate that all the dumpers have already done so. I'd say there are folks that haven't flipped their share for an AE token yet for two reasons:

1) Too lazy to fuss with NXT. Plenty of posts littered in here to that effect.
2) Belief that they'll get more on launch day than now, so they'll wait until launch day to dump. Why bother with a token now when you'd have to wait two weeks. If you sit tight, exchange on launch day, then dump you'd be ahead of the AE guys.

You're forgetting opportunity cost.
Dump NEM right now, pocket $2K, buy $hitclones and make $20K profit.  All before NEM launches sometime between July - September.

Naturally this would be contrasted by the long term strategy, that if you hold onto your NEM then hypothetically a NEM stake could be worth between $5 million to $100 million within 10 years.

 I'm running by the thesis that crypto currencies will be worth $1 trillion in 10 years (vs $2 trillion investment gold, $500 billion global remittance, $97 trillion investments world wide, $400 trillion derivatives).

Dot.com bubble in late 1990s was $7 trillion


a good plan, iff those other clonecoins do not fail ...

NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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June 26, 2014, 11:51:05 PM
 #1386

Can I already get my NEMTOKEN? If yes, is it still Valid when the Launch is there?
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Hello You


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June 26, 2014, 11:53:08 PM
 #1387


You're forgetting opportunity cost.
Dump NEM right now, pocket $2K, buy $hitclones and make $20K profit.  All before NEM launches sometime between July - September.


A sweet idea in practice. Usually horrendous in reality. That's why I gave up and grabbed a stake in NEM.

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June 26, 2014, 11:54:07 PM
 #1388

Are buyers of nemstake (bignem) included in the nemesis block ? I read about two weeks delays for those.

Yes, there is a 2 week delay after genesis, so that we can handle the logistics of distributing NEMstake.


Correction: most likely buyers of nemstakes on nxt ae WILL be included in nemesis (that's still being discussed)

nemesis = NEM genesis (block)?
 
In some game it means more like an archenemy  Smiley

NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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June 27, 2014, 12:04:21 AM
 #1389

NEM Alpha on Mac OS X / Linux

I am trying and trying to install NEM on my mac. I have installed Java 8 and downloaded the file and unzipped, but I am stuck no step 2.  "What is unpack to cd to package"? and How do I  "set permissions"?

I copy and pasted the line "chmod +x nix.runNis.sh && chmod +x nix.runNcc.sh" in to terminal but it tells me "no such file or directory exists".

change to the dir where nix.runNis.sh and nix.runNcc.sh are.

The network seems to be down at the moment so your client won't be able to connect right now.

How do I change the dir where nix.runNis.sh and nix.runNcc.sh are?  what should I click on or type?


Hi jabo38, you use the change directory (cd) command: http://alvinalexander.com/unix/edu/examples/cd.shtml

for example
Code:
cd ~/Downloads/package


It worked.  I have now got NEM going on a Mac and Windows 8.1!

Thanks

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June 27, 2014, 12:05:45 AM
 #1390

Can I already get my NEMTOKEN? If yes, is it still Valid when the Launch is there?

if you have already applied for it then you must wait until pat distributes them

and yes but you will have to wait 2 weeks after official launch before nem tokens are redeemed and then you will have 2 weeks or more to redeem them. so there wont be any rush

thanks. Who is PAT?
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June 27, 2014, 12:13:44 AM
 #1391

Can I already get my NEMTOKEN? If yes, is it still Valid when the Launch is there?

if you have already applied for it then you must wait until pat distributes them

and yes but you will have to wait 2 weeks after official launch before nem tokens are redeemed and then you will have 2 weeks or more to redeem them. so there wont be any rush

thanks. Who is PAT?

It's PAT  Grin https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=video&cd=1&cad=rja&uact=8&ved=0CBsQtwIwAA&url=https%3A%2F%2Fscreen.yahoo.com%2Fpat-birthday-party-000000920.html&ei=lLasU_qABo37oATo_ILQCw&usg=AFQjCNGlhPaQLPq7NTZI16Edy8wfvJXEWw&sig2=8YSuwVltNunVA5k9X4xHIw
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June 27, 2014, 12:23:41 AM
 #1392

Can I already get my NEMTOKEN? If yes, is it still Valid when the Launch is there?

if you have already applied for it then you must wait until pat distributes them

and yes but you will have to wait 2 weeks after official launch before nem tokens are redeemed and then you will have 2 weeks or more to redeem them. so there wont be any rush

thanks. Who is PAT?

It's PAT  Grin https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=video&cd=1&cad=rja&uact=8&ved=0CBsQtwIwAA&url=https%3A%2F%2Fscreen.yahoo.com%2Fpat-birthday-party-000000920.html&ei=lLasU_qABo37oATo_ILQCw&usg=AFQjCNGlhPaQLPq7NTZI16Edy8wfvJXEWw&sig2=8YSuwVltNunVA5k9X4xHIw

lol. I ended up watching it! Chris Rock seems like 18 in there.

NEM : TAFTFJ-JJ4XTW-FNYZU7-HZR2Y2-RXIKEW-QIOWFJ-WM4N
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June 27, 2014, 12:31:40 AM
 #1393

The way NEM is listed on coinmarketcap is actually advantageous.  When the coin does actually launch, it'll increase 4 times in capitalization overnight -

 so it could hypothetically pop up on launch day between $20 to $40 million (#4 to #6 on coinmarketcap) and everyone would be thinking "what the heck, who are these guys and how did they enter the top 5 so quickly".  It may even trigger an aurora styled buying frenzy.



Or glut in supply drives price per share down Wink.

Except the market price is determined by who's willing to sell (supply) and who's willing to buy (demand), and anyone willing to sell their NEM can already.

I wouldn't speculate that all the dumpers have already done so. I'd say there are folks that haven't flipped their share for an AE token yet for two reasons:

1) Too lazy to fuss with NXT. Plenty of posts littered in here to that effect.
2) Belief that they'll get more on launch day than now, so they'll wait until launch day to dump. Why bother with a token now when you'd have to wait two weeks. If you sit tight, exchange on launch day, then dump you'd be ahead of the AE guys.

I think you assume the NEM at launch will be the same as it is now. The core dev. said they are adding features. NEM at the current form is better than many coins at launch so it is reasonable to expect something much better two months from now. Perhaps the guys that are too lazy to dump will get lucky this times.

A freedom fighter. Stop all your bull shit !
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June 27, 2014, 12:35:52 AM
 #1394

NEM will be the best coin with a difference but what it makes a coin to raise value is marketing, look a wankcoin, it has nothing and just only its name and marteking is raising its value like crazy, it has multiply by 10 in less than a day. Its all about good Marteking

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June 27, 2014, 12:42:05 AM
 #1395

NEM Alpha on Mac OS X / Linux

Install Java 8. Check java -version via Terminal, it should return 1.8. If it doesn't you need to set a symlink to your new version.

=> Symlink on Mac OS X:
Code:
sudo ln -fs "/Library/Internet Plug-Ins/JavaAppletPlugin.plugin/Contents/Home/bin/java" /usr/bin/java
Confirm by typing java -version again, should return 1.8.

1. Download latest release from http://bob.nem.ninja
2. unpack and cd to package; set permissions:
Code:
chmod +x nix.runNis.sh && chmod +x nix.runNcc.sh
3. first launch Nis
Code:
./nix.runNis.sh
4. open new terminal window, cd to package dir and launch Ncc
Code:
./nix.runNcc.sh
5. head over to http://localhost:8989/ncc/web/index.html
6. click on the arrow next to your username (top right corner), boot local node

Enjoy Alpha

I am trying and trying to install NEM on my mac. I have installed Java 8 and downloaded the file and unzipped, but I am stuck no step 2.  "What is unpack to cd to package"? and How do I  "set permissions"?

I copy and pasted the line "chmod +x nix.runNis.sh && chmod +x nix.runNcc.sh" in to terminal but it tells me "no such file or directory exists".

change to the dir where nix.runNis.sh and nix.runNcc.sh are.

The network seems to be down at the moment so your client won't be able to connect right now.

How do I change the dir where nix.runNis.sh and nix.runNcc.sh are?  what should I click on or type?

It's quite difficult.
http://www.hospitality-school.com/wp-content/uploads/2010/10/difficult-situation-guest.jpg
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June 27, 2014, 12:42:43 AM
 #1396

NEM will be the best coin with a difference but what it makes a coin to raise value is marketing, look a wankcoin, it has nothing and just only its name and marteking is raising its value like crazy, it has multiply by 10 in less than a day. Its all about good Marteking

It is best when the tech and the marketing can be combined. Lol at wankcoin I looked it up since you mentioned it.

A freedom fighter. Stop all your bull shit !
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June 27, 2014, 12:44:33 AM
 #1397


It's quite difficult.


It was very difficult! Until I knew what to do, then it was easy.  hahahaha. 

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
jabo38
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June 27, 2014, 12:47:44 AM
 #1398

The way NEM is listed on coinmarketcap is actually advantageous.  When the coin does actually launch, it'll increase 4 times in capitalization overnight -

 so it could hypothetically pop up on launch day between $20 to $40 million (#4 to #6 on coinmarketcap) and everyone would be thinking "what the heck, who are these guys and how did they enter the top 5 so quickly".  It may even trigger an aurora styled buying frenzy.



Or glut in supply drives price per share down Wink.

Except the market price is determined by who's willing to sell (supply) and who's willing to buy (demand), and anyone willing to sell their NEM can already.

I wouldn't speculate that all the dumpers have already done so. I'd say there are folks that haven't flipped their share for an AE token yet for two reasons:

1) Too lazy to fuss with NXT. Plenty of posts littered in here to that effect.
2) Belief that they'll get more on launch day than now, so they'll wait until launch day to dump. Why bother with a token now when you'd have to wait two weeks. If you sit tight, exchange on launch day, then dump you'd be ahead of the AE guys.

I think you assume the NEM at launch will be the same as it is now. The core dev. said they are adding features. NEM at the current form is better than many coins at launch so it is reasonable to expect something much better two months from now. Perhaps the guys that are too lazy to dump will get lucky this times.

I have been testing NEM.  I can confirm that it is already better than most coins ever created and it is still in alpha.  I am really looking forward to the real launch!

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
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June 27, 2014, 12:53:29 AM
 #1399

It seems everytime that I log in I have a new address?  What could I be doing wrong? Huh  I am sure that I am logging in the same way every time, I am using an autofill program.  If anybody is willing to send some test coins to my current address its in sig.  Thanks
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June 27, 2014, 12:58:20 AM
 #1400

It seems everytime that I log in I have a new address?  What could I be doing wrong? Huh  I am sure that I am logging in the same way every time, I am using an autofill program.  If anybody is willing to send some test coins to my current address its in sig.  Thanks

sent

Thanks, but something is still wrong, I hit refresh to see if that would make something happen and that logged me out, so I had to log back in and now I have a new address?
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