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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2824334 times)
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mr smith
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July 06, 2014, 08:08:46 PM
 #1941

NEM on the AE does not represent our true value. We can go around in circles all day long speculating about the price and governing factors.

The proof will be in the pudding when we launch  Smiley

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July 06, 2014, 08:46:59 PM
 #1942

Nem is as low as it was around 3 weeks ago, pre alpha. It baffles me why someone would want to sell at this price? It should make for some happy investors, you'll probably never be able to pick up coins this cheap again.
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July 06, 2014, 08:47:39 PM
 #1943

@tuansew

Good points. It's actually impressive that nem held its ground against nxt through nxts decline. I don't think nems value is accurate since it's being dragged around by nxt lol will be interesting to see what happens once it's detached.

Could be a case of nem being severely undervalued due to the lack of entry points for fiat while having to jump hoops to go from exchange to exchange trading fiat > btc > nxt > nem. It's causing a bottleneck and restricting the inflow of money. And don't forget you need minimum 100 dollars of crypto just to top it off. This rocket is jam packed with jet fuel, and full launch will be the spark.

I predict some explosive growth in the first hours of hitting exchanges as more entry routes are opened and the doors open for the masses with few coins. Any current price swings Will be seen as stable.

I think it will be great for NEM to decouple from Nxt and be bought directly with btc.
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July 06, 2014, 08:50:09 PM
 #1944

I would love to have a sneak peak at coinmarketcap in say  Huh 5 years or so  Cheesy


Imho cmc isn't really reflecting the state of a coin and most definitely not of a movement. LTC is no better than any of the other forks yet it's 2nd Smiley

LTC is only there because it has the first mover advantage. I think it's reasonable to believe it won't be second in 1 year or so, in fact top 10 will look very different from what it is today.

CMC is obviously random at the moment, but in the long run I think it will become more accurate in reflecting the state of a coin.
gsxrl3oi
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July 06, 2014, 08:51:26 PM
 #1945

do we have eta or a rough eta on the actual NEMstakes release
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July 06, 2014, 09:01:38 PM
 #1946

I would love to have a sneak peak at coinmarketcap in say  Huh 5 years or so  Cheesy

Here you go:

1. NEM
2. Nxt
3. BTC

 Wink
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NEM ....best currency distribution ever ...!!!!!!!


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July 06, 2014, 09:23:43 PM
 #1947

I would love to have a sneak peak at coinmarketcap in say  Huh 5 years or so  Cheesy

Here you go:

1. NEM
2. Nxt
3. BTC

 Wink

Love it.....lol....

NDZ4YPCKVKWAIIZBB5T7T5EL67N2XWPQODGGWIYT
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July 06, 2014, 09:23:55 PM
 #1948

NEM's price is unrelated to the scammer fireselling.  It's still in its' healthy range around 25,000 NxT.    I suspect as we get closer to launch that the healthy range will increase to 40,000 NxT.

NEM losing value has more to do with NxT dropping a whole cent in the past days (as NEM is traded on the NxT asset exchange).  Recall back in April-May that NxT was only worth two to four cents (it was worth less than Doge for some weeks).  If NxT hypothetically went down to 2 cents again then a NEM stake would drop in value accordingly.


NxT could be in a free fall at the moment as its' upswing to 7 cents was likely all "hype buying" (speculation) from current users reacting to the news of the new asset exchange (June 1st) and the pay expos.  It's no different then how Bitcoin went up by $30 to $50 just from the news of newegg accepting BTC (was that from new people or was it, the answer, existing users speculating buying thinking Bitcoin will go up in value?  Ditto).


The reality is capitalization is often always manipulation or speculation to one degree or another.  The principle challenge is not trying to grow the capitalization but trying to grow the user base of a coin.  I think Doge did it right in that regard but Doge was crippled by poor technical and strategic decisions which later led to an net emigration of users to other coins.
.


nxt has been stable for a while since before it came out about the scammed stakes so it's not related to the fall in value of nxt. Nem stakes stayed at the same price in terms of nxt through the entire decline of nxt from the ath to present, until it came out about nodes puppets being in the nem stake holder list so I would assume it's that. If it is due to nxts decline, that's some seriously slow reactions by traders.

Nope.  Up until today, NEM effectively followed NxT.  This can be seen with the seven day graphs on coinmarketcap.  All the real decline in NEM occurred on sunday.  I suspect the "stolen stakes" is a non-factor here.  

Your second half of your post has merit, though.  There's been independent decline on sunday and I presume it's all the accused NODE socks (who are finding out today that they're on the public's radar) who are fireselling their NEM tokens. . but to suggest it's just them it's a foresight, NEM already took a beating when NxT lost a cent in value.



One scammed account is having 2.5 stakes for sale at 24. That is one major uncertainty. No one is buying that scammed stakes and people are selling because these stakes will be selling down anytime. This is the scammer account NXT-5SPQ-5AVB-PV6D-F6EJL

A freedom fighter. Stop all your bull shit !
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July 06, 2014, 10:32:27 PM
 #1949

what happened with NEM price? -50%?
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July 06, 2014, 10:38:30 PM
 #1950

interesting blog post about proof of stake written by vitalik buterin

https://blog.ethereum.org/2014/07/05/stake/

@devs, is nem the solution to the issues brought up in this article? Wink

I also saw the reddit thread. 

I'm not sure why Vitalik Buterin has such a wide cult following, even being more famous than a real Bitcoin developer like Gavin Andresen or even an alternate developer like Charlie Lee. 

Vitalik's fame was some obscure magazine which was only actively read by hundreds.  It seems probable that an old theory is correct - Goldman Sachs needed a "hip young mascot"  ("to appeal to the young Facebook masses") for their crypto currency, so they went with Vitalik.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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July 06, 2014, 10:46:58 PM
 #1951

what happened with NEM price? -50%?

Where is the -50%?  NEM is $1237 right now versus $1600 a week ago.  Measuring in $Fiat is inaccurate since NxT itself has lost a cent in the past week and NEM is traded on the NxT exchange.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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July 07, 2014, 12:26:42 AM
 #1952

interesting blog post about proof of stake written by vitalik buterin

https://blog.ethereum.org/2014/07/05/stake/

@devs, is nem the solution to the issues brought up in this article? Wink

I also saw the reddit thread. 

I'm not sure why Vitalik Buterin has such a wide cult following, even being more famous than a real Bitcoin developer like Gavin Andresen or even an alternate developer like Charlie Lee. 

Vitalik's fame was some obscure magazine which was only actively read by hundreds.  It seems probable that an old theory is correct - Goldman Sachs needed a "hip young mascot"  ("to appeal to the young Facebook masses") for their crypto currency, so they went with Vitalik.


Goldman Sachs ...  umph ... I would think very carefully about participating something, which is touched by GS. And would reject even from the principal basis.

http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308
http://www.businessweek.com/magazine/content/10_15/b4173030234603.htm


NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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July 07, 2014, 12:56:20 AM
 #1953

interesting blog post about proof of stake written by vitalik buterin

https://blog.ethereum.org/2014/07/05/stake/

@devs, is nem the solution to the issues brought up in this article? Wink

I also saw the reddit thread.  

I'm not sure why Vitalik Buterin has such a wide cult following, even being more famous than a real Bitcoin developer like Gavin Andresen or even an alternate developer like Charlie Lee.  

Vitalik's fame was some obscure magazine which was only actively read by hundreds.  It seems probable that an old theory is correct - Goldman Sachs needed a "hip young mascot"  ("to appeal to the young Facebook masses") for their crypto currency, so they went with Vitalik.


Goldman Sachs ...  umph ... I would think very carefully about participating something, which is touched by GS. And would reject even from the principal basis.

http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308
http://www.businessweek.com/magazine/content/10_15/b4173030234603.htm



They have former Goldman Sachs.  Which you might otherwise excuse, saying someone's past shouldn't matter, but at the same time there's only so many people in the world who have worked for GS (we're talking tens of thousands in a planet with billions of people).  It's not a coincidence that one would show up in coin which appears to have huge funding.  There's plenty of developers and organizers without that sort of background.

That's not the reason why I dislike Ethereum.  To me Ethereum is a copywrighting coin like Mastercoin and Maidsafe.  Worse yet, they seem to be a copywrighting equivalent to Ripple.

  They spam YouTube with these awful rhetorical rambles about politics and bankings which last over a hour and only get a few hundred views.  They pump out equally boring articles which nobody reads.  They have all these developers and people who don't work for free..  so where are these guys going to get their compensation?

IIRC - Ethereum (before it got in trouble with the Ontario & Canadian Government) admitted it wanted a $30 million IPO.  I'm sure that money would be put to great use.  Vitalik already vacations around the world but I guess he needs a Tesla automobile and a mansion in Thunderbay (or whatever constitutes a nice area of Ontario).

https://forum.ethereum.org/discussion/107/why-30-million-why-so-inflationary
(or, alternatively, just google "Ethereum 30,000 BTC" without the quotations)

It makes you wonder the point of even investing into Ethereum if it's a grand version of Mastercoin.  I put in $1000?  Ok that gives me 0.000033% of Ethereum...   making it $10,000 to get 0.0003% makes no quantifiable difference for what is an extreme high risk investment (the people who invested into Mastercoin and Maidsafe know this.  They would had made more money off Doge, NxT, Darkcoin, et al).  Ponzi schemes ran by wealthy investors and greedy developers is just exactly what we all want *sarcasm*

Then there are the technical issues.  I'm not a programming but I can say this: programming languages like Java, C++, et cetera, weren't born overnight and took as long as a decade or more to work out the kinks.  I doubt Vitalik was busy programming his revolutionary new language when he was twelve.  Not only will it take time for Ethereum language to be completed but there's also an education issue in that Ethereum language developers currently don't exist and they'll have to spend years to master the language and then pump out the code. 

Ethereum, if you noticed, has exiled itself from Bitcointalk after it couldn't take any criticism.  They've also banned and deleted many users from their own forums.

Stay classy Goldman Sachs

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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July 07, 2014, 01:13:35 AM
 #1954

I would love to have a sneak peak at coinmarketcap in say  Huh 5 years or so  Cheesy


Imho cmc isn't really reflecting the state of a coin and most definitely not of a movement. LTC is no better than any of the other forks yet it's 2nd Smiley

LTC is only there because it has the first mover advantage. I think it's reasonable to believe it won't be second in 1 year or so, in fact top 10 will look very different from what it is today.

CMC is obviously random at the moment, but in the long run I think it will become more accurate in reflecting the state of a coin.

More and more POS (or PoI like NEM) and less and less PoW

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
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July 07, 2014, 01:26:59 AM
 #1955


damn, nice post lol that pretty much sums ethereum up in one foul swoop.

on a side note. just had an idea. i think vic was talking about getting people onto the nem forum but only realised that after i though of something else.

(perhaps some kinks to be worked out, but i think this could be a good, and different idea)

http://forum.nemcoin.com/index.php?topic=2277.msg3177#msg3177

credit goes to ARGpentem for the forum idea
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July 07, 2014, 01:41:36 AM
 #1956

When the incentive is there then people will sign up.  As of now, although this is a catch-22, there isn't really any exciting discussions ("but how can there be any exciting discussions if there are no people", hence the catch 22).


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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July 07, 2014, 02:27:23 AM
 #1957

Some cities in Spain are using decentralized currencies, but you can only use within cities. The elite can't control us as before!

New technology = New Times



Get them to use NEM!

NeverEnoughMakoto XEM: NDMAKOTODH4OXMQCAGZWWPVLRUVOCLXXKOSKFUJA/
DarkhorseofNxt
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July 07, 2014, 03:08:19 AM
 #1958

Unable to register myself in nem forum. Kept showing error. Login from my mobile.

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July 07, 2014, 03:29:59 AM
 #1959

Unable to register myself in nem forum. Kept showing error. Login from my mobile.

What did the error say?

Does it work if you register from a computer?

NeverEnoughMakoto XEM: NDMAKOTODH4OXMQCAGZWWPVLRUVOCLXXKOSKFUJA/
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July 07, 2014, 03:52:37 AM
 #1960

Between NxT losing value and people dumping NEMstake, think we'll see $500 NEMstake soon?  Cheap.   Grin   

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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