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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2897441 times)
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November 18, 2015, 01:41:59 PM
 #20381

this just in: The app costs around 20k and is almost entirely paid for already.

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November 18, 2015, 01:52:11 PM
 #20382

If nem was such a "fuel" for world economy, people would write apps for it without getting paid by nem developers. They would make profit by either selling that app or other means (adds) like most other app developers do. Many people writing software/apps for bitcoin (and now ethereum) don't get paid by bitcoin foundation or ethereum developers. They see a future in it and are speculators who think it's the right investment in time/money.

Like all said months ago, close to 50% of nem weren't even distributed, so market cap was totally fake,  and the prices could only go down (not up) as these coins are dumped in months and years.



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November 18, 2015, 02:26:06 PM
 #20383

this just in: The app costs around 20k and is almost entirely paid for already.

I would like to bring some clarity about the app.  Lots of information is being thrown around that is not accurate. 

First, there is not one app, there are two.  One is being written for Android and the other in iOS, so there are two teams, working in two languages for two different platforms and having to coordinate to make this a cross platform set of apps.   

Second, NEM is 100% new code.  If NEM was a Bitcoin clone, we could also clone some previously made Bitcoin app and rebrand it as our own.  That is not the case.  These apps are being written from scratch too and are doing a pretty amazing job of working with the system that is also new. 

Third, these apps will be open-sourced, so they aren't just an app, they will be a tool for third party devs to fork and build on NEM.  We are doing the hard part so that in the future others can get their specialized NEM app done for cheap. 

Additionally, during the course of making these apps, Apple upgraded to Swift 2, so then the iOS app was upgraded to this language.  This is a great thing because Swift 2 as a language will not just be used to make iOS apps, but also apps for the Mac app store. Likewise a Windows app store will enable porting of Android apps into Windows at some point.  While there is no plans to get these apps on the Mac app store or Windows app store at this time, that is a longer range possibility.  First we are just looking at getting them launched on iOS and Android. 

Fourth, due to the scope of these apps and the work involved building new apps for a new blockchain, we actually got a good deal.  There were many different professional app companies contacted and other estimates were a lot higher.  (In hindsight, had we taken the higher priced devs, we would already have the app by now, but that is how it goes.)

Lastly, the app costs just over 20k and is mostly paid off. 

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November 18, 2015, 02:39:44 PM
 #20384

37k for a mobile app?  Shocked Huh Well definitely want to see some real updates before I invest any further in NEM, this sounds a bit scammy and disappointing. I've red the White Paper and it was so beautifull, consistent and eloquent, but these kind of actions make me seriously doubt the intentions of the devs. Do they want to create a legimite worldwide economic blockchain platform, or do they just want to grab the money and gtfo?

Any big updates coming for NEM? When and what are they about?

There are things in the works.  If/when they are finalized, they will be announced.  The same quality of work that went into the white paper is going into other things.  Many platforms don't even have a good white paper.  I would actually like to see a single white paper written better than NEM's.  I have read A LOT and haven't see one yet. 

NEM devs haven't sold any of there XEM, if anything they actually own more.  Actually, most people involved in NEM already had good jobs and are professionals. 

Trolls on here keep on saying that things are dead or that people are cheating.  Things couldn't be further from the truth.  There is a lot of hard work being put into this platform.  For those that aren't sticking around, it is there loss. 

In the land of alts, platform after platform has oversold, over hyped, and just plain lied to the communities.  People are use to a Paycoin bar where some new thing comes in and promises the world.  Well, those are scams.  In the real world of real blockchains the real deals and real development is actually quite a task. We are taking a much more conservative approach.  The world will see the finished products to come when the curtain is pulled back and people can judge them then.  But let me mind you what has been done so far. 

- A new consensus mechanism called POI which is affected by an accounts stake and reputation in the economy.

- First ever P2P time sync of nodes. (great for security of the chain)

- First use of the Eigentrust++ as a security clustering algorithm so nodes can give reputation in to their neighbors in clusters, making it very difficult for a node to give false information consistently to the network. (great for security of the network)

- First use of remote (proxy mining) harvesting, where by another person’s node can be used to form blocks for your account. All done safely and that other node doesn’t ever get to see any of the fee rewards even though it was the one that pushed the block to the network. (great for security of the user)

- A new kind of transaction spam that. It targets the specific accounts doing the spamming and raises their transaction fees, while letting the global transaction fee rate stay low. (good for the chain)

- First blockchain with a multisig 2.0 protocol. NEM’s version of multisig doesn’t make new accounts for a multisig address, instead it takes an existing account and makes a contract over it with other accounts. This form of multi-user accounts can make any form of M of N with ease and can also can have the M or the N edited with ease as it is simply just updating the meta data of the blockchain based contract. This form of multisig also has block chain based notifications so transactions or updates of the M of N are pushed to the wallets as transactions to sign. (great security and ease of use for the user. simply the easiest and most flexible multisig in crypto)

- NEM also has many other features that it was not first, but are still important.
Messaging, which can be done unencrypted/encrypted/hex. (great for users and programmers)

- A token feature where accounts can hash data to receive a token for proof of existence.

- Any wallet may interact with any node on the network safely. (wow!)

- A large and fairly even distribution. (This ultimately leads to much better marketcap)

- Mosaics, the most advanced token creation feature in crypto allowing many advanced 2.0 features when creating personalized blockchain based tokens such as mutable, immutable, capped, not capped, divisible, not divisible, ability to be bagged with other tokens, levies, are already coded and someday more features like smart contracts inside of tokens and so on. (great for businesses)

- A long with this, NEM will also release its new naming service, Namespace, that should also be the most advanced and most integrated naming service of any blockchain. (great for reputation)

- We have our mobile apps which are in late stage of development and will be open sourced. This will allow third party devs to fork them and build their own applications on them.

- Soon to release Node Rewards.

- And........ EASY to use universal APIs. This means it is a great platform for businesses to build their applications on. Here is an example. The NEM faucet is actually a multisig distributed faucet, probably the first of its kind. It filters for addresses, amounts, frequency, and has things like daily limits. And since the operations of the faucet are split up across multiple separated nodes which only communicate via the blockchain, it makes it very hard to hack or steal from.  http://bob.nem.ninja/docs/ 
http://nem.io/ncc/index.html

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November 18, 2015, 02:43:11 PM
 #20385

The problem is the project was dependent on popularity and usage via fair distribution, which didn't really do anything but create a bunch of sellers who were happy to sell their free stake for anything. You have anonymous developers who can't market their product because they are anonymous.  NEM offers new development and POI, but no one really seems to care.  It's a bummer cause I like the project, but right now I see BTC, ETH, and maybe a few others will survive the Alt coin bubble.  I have a lot of NEM, but I'm not sure I can even sell it at this point.

Anonymous?  Really?

You can listen to use using our real names and real voices here.  https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-247-understanding-the-new-economy-movement My real phone number is on the press releases.  Makoto has been in the newspapers in Japan weekly and regularly has his picture taken and speaks in front of people each week.  He just spoke at a major conference this week, and that was not anything new for him.  

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November 18, 2015, 02:48:50 PM
 #20386


Jabo, what about new version of NIS/NCC/Mosaic ? Any progress, any ETAs ? I don't see any info nor here, nor on forum.nem.io ... thanks for any hope to our NEMsouls ;-)

Hi, Mixmaster has been the primary author and an in depth review and make over of a new NCC report.  He spent a few weeks with ideas and then discussing them with us.  Reverend has begun work on coding it.  Mixmaster has made A LOT of changes and given Rev quite a bit of work to do, luckily he is a skilled coder.  If we can get all of them done by the time mosaics/namespaces are released, I think people will be quite pleased.  I know I have always been ho hum about NCC and many other team members were too, but pretty much everything that I didn't like has been redone.  

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November 18, 2015, 07:23:42 PM
 #20387

Hopefully readers of this thread will understand more and benefit from Jabo's very detailed reply to the recent critics. I hope new readers will join us, we are here for the long haul....... Smiley Smiley

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November 18, 2015, 08:32:29 PM
 #20388

this just in: The app costs around 20k and is almost entirely paid for already.

I would like to bring some clarity about the app.  Lots of information is being thrown around that is not accurate. 

First, there is not one app, there are two.  One is being written for Android and the other in iOS, so there are two teams, working in two languages for two different platforms and having to coordinate to make this a cross platform set of apps.   

Second, NEM is 100% new code.  If NEM was a Bitcoin clone, we could also clone some previously made Bitcoin app and rebrand it as our own.  That is not the case.  These apps are being written from scratch too and are doing a pretty amazing job of working with the system that is also new. 

Third, these apps will be open-sourced, so they aren't just an app, they will be a tool for third party devs to fork and build on NEM.  We are doing the hard part so that in the future others can get their specialized NEM app done for cheap. 

Additionally, during the course of making these apps, Apple upgraded to Swift 2, so then the iOS app was upgraded to this language.  This is a great thing because Swift 2 as a language will not just be used to make iOS apps, but also apps for the Mac app store. Likewise a Windows app store will enable porting of Android apps into Windows at some point.  While there is no plans to get these apps on the Mac app store or Windows app store at this time, that is a longer range possibility.  First we are just looking at getting them launched on iOS and Android. 

Fourth, due to the scope of these apps and the work involved building new apps for a new blockchain, we actually got a good deal.  There were many different professional app companies contacted and other estimates were a lot higher.  (In hindsight, had we taken the higher priced devs, we would already have the app by now, but that is how it goes.)

Lastly, the app costs just over 20k and is mostly paid off. 


Thanks a lot for clarifying things Jabo. You could say it louder but not clearer!!  Wink

NEM : TAFTFJ-JJ4XTW-FNYZU7-HZR2Y2-RXIKEW-QIOWFJ-WM4N
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November 18, 2015, 09:05:39 PM
Last edit: November 18, 2015, 09:15:40 PM by Eadeqa
 #20389

Hopefully readers of this thread will understand more and benefit from Jabo's very detailed reply to the recent critics. I hope new readers will join us, we are here for the long haul....... Smiley Smiley

What is long haul? 50 years? The IPO was like in January 2014? In less than two months it would be 2 years. Where would nem be in next 2 years? Want to make a prediction or you going to just sit around for 50 years and chant long haul?

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November 18, 2015, 09:26:28 PM
 #20390

Hopefully readers of this thread will understand more and benefit from Jabo's very detailed reply to the recent critics. I hope new readers will join us, we are here for the long haul....... Smiley Smiley

What is long haul? 50 years? The IPO was like in January 2014? In less than two months it would be 2 years. Where would nem be in next 2 years? Want to make a prediction or you going to just sit around for 50 years and chant long haul?

Long haul for me is the next 5-10 years!

And that goes with ALL crypto currencies ive invested in!

You would have to be a complete idiot if you think you are going to make money overnight with this sort of stuff, and from what i read on BTT, it seems alot of people expect this with the majority of shitcoins!

Well i can tell you only a handful will prevail. I dont need to tell you where NEM will be in 5 years, its quite obvious!

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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November 18, 2015, 09:33:44 PM
 #20391



You would have to be a complete idiot if you think you are going to make money overnight with this sort of stuff, and from what i read on BTT, it seems alot of people expect this with the majority of shitcoins!

Well i can tell you only a handful will prevail. I dont need to tell you where NEM will be in 5 years, its quite obvious!

Thats the main problem, people want to make 100% returns every other week in crypto. 

Blockchain tech is where everything is headed the next 2-5 years...

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
▃▃▃▅▅▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▅▅▅▃▃▃
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November 18, 2015, 10:10:02 PM
 #20392

I dont need to tell you where NEM will be in 5 years, its quite obvious!

If you think it's obvious where nem will be in 5 years, that says a lot about your credibility. You aren't honest, probably not even to yourself.

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November 18, 2015, 11:33:05 PM
 #20393

So as some of you might have heard we've done quite many optimizations recently (mostly thanks to BloodyRookie),
and we have nem-related private test network running at 100tx/s.
Mainnet won't run with such speed, but mainnet will benefit from many optimizations we've done.

We're still working on next release, that will include mosaics, there's a nice thing that haven't been announced anywhere
that we want to include in this release, that's why things are getting postponed.

We hope we'll have some interesting news #soon, so be patient and don't lose hope.

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November 19, 2015, 12:59:23 AM
 #20394

I don't know if NEM will be successful, I don't even know if Bitcoin will be successful (what with the big banks working on their own blockchain tech now - The Distributed Ledger Group). All I know is that I hold a diversified portfolio of crypto, stocks, bonds, etc.. and NEM is in that portfolio. How much? About 0.7% of my entire portfolio (BTC is at 1.9%). I don't care if it goes to zero.. I'm not buying, I'm not selling. Just holding as a long term investment in the crypto space.
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November 19, 2015, 05:02:40 AM
 #20395

Just sold everything I have (at a loss).  Good luck to everyone and the project, I'm going outside  Smiley
Thanks Man for those 4m at 25sat!! Good Luck in your endevours  Wink

Have fun partying with the ETH devs Smiley

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November 19, 2015, 05:03:59 AM
 #20396

37k for a mobile app?  Shocked Huh Well definitely want to see some real updates before I invest any further in NEM, this sounds a bit scammy and disappointing. I've red the White Paper and it was so beautifull, consistent and eloquent, but these kind of actions make me seriously doubt the intentions of the devs. Do they want to create a legimite worldwide economic blockchain platform, or do they just want to grab the money and gtfo?

Any big updates coming for NEM? When and what are they about?

The mobile app was no where near $37k. That budget is set aside for mobile app dev for future versions over the years to come. Also, the current mobile app is about 80% paid for already and we still have $37k left even at this low price  Shocked

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November 19, 2015, 05:13:47 AM
 #20397

this just in: The app costs around 20k and is almost entirely paid for already.

I would like to bring some clarity about the app.  Lots of information is being thrown around that is not accurate. 

First, there is not one app, there are two.  One is being written for Android and the other in iOS, so there are two teams, working in two languages for two different platforms and having to coordinate to make this a cross platform set of apps.   

Second, NEM is 100% new code.  If NEM was a Bitcoin clone, we could also clone some previously made Bitcoin app and rebrand it as our own.  That is not the case.  These apps are being written from scratch too and are doing a pretty amazing job of working with the system that is also new. 

Third, these apps will be open-sourced, so they aren't just an app, they will be a tool for third party devs to fork and build on NEM.  We are doing the hard part so that in the future others can get their specialized NEM app done for cheap. 

Additionally, during the course of making these apps, Apple upgraded to Swift 2, so then the iOS app was upgraded to this language.  This is a great thing because Swift 2 as a language will not just be used to make iOS apps, but also apps for the Mac app store. Likewise a Windows app store will enable porting of Android apps into Windows at some point.  While there is no plans to get these apps on the Mac app store or Windows app store at this time, that is a longer range possibility.  First we are just looking at getting them launched on iOS and Android. 

Fourth, due to the scope of these apps and the work involved building new apps for a new blockchain, we actually got a good deal.  There were many different professional app companies contacted and other estimates were a lot higher.  (In hindsight, had we taken the higher priced devs, we would already have the app by now, but that is how it goes.)

Lastly, the app costs just over 20k and is mostly paid off. 


The apps are both native, too. No phonegap or other lame stuff like that. The iOS app is swift and we actually got them to implement our cryptography code in swift natively.

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November 19, 2015, 07:58:45 AM
 #20398

... and we actually got them to implement our cryptography code in swift natively.

Nice, anyone with working brain cells should realise that's more important in the long term than than this whole FUDstorm  Wink
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November 19, 2015, 12:45:45 PM
 #20399

The problem is the project was dependent on popularity and usage via fair distribution, which didn't really do anything but create a bunch of sellers who were happy to sell their free stake for anything. You have anonymous developers who can't market their product because they are anonymous.  NEM offers new development and POI, but no one really seems to care.  It's a bummer cause I like the project, but right now I see BTC, ETH, and maybe a few others will survive the Alt coin bubble.  I have a lot of NEM, but I'm not sure I can even sell it at this point.

Anonymous?  Really?

You can listen to use using our real names and real voices here.  https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-247-understanding-the-new-economy-movement My real phone number is on the press releases.  Makoto has been in the newspapers in Japan weekly and regularly has his picture taken and speaks in front of people each week.  He just spoke at a major conference this week, and that was not anything new for him.  

Makoto is a real person and he was down in Kuala Lumpur to meet the blockchain community.

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November 19, 2015, 02:19:47 PM
 #20400

... and we actually got them to implement our cryptography code in swift natively.

Nice, anyone with working brain cells should realise that's more important in the long term than than this whole FUDstorm  Wink

Give me your definition of long term? At the rate this project is moving I would estimate 10+ years before you see any rise in valuation.

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