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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2892322 times)
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child_harold
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February 04, 2016, 02:11:58 PM
 #21681

An article from TechCrunch Japan dated 1st Feb 2016:

To 1/2 game infrastructure operating costs in the block chain, Tech bureau and GMO Internet alliance
ブロックチェーンでゲームインフラ運用コストを1/2に、テックビューロがGMOインターネットと提携


this is huge

and … somebody buys 3million XEM

yup, big it is.

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February 04, 2016, 02:21:46 PM
 #21682

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.
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February 04, 2016, 02:25:27 PM
 #21683

here comes the real English report:

GMO INTERNET and Tech Bureau jointly develop PaaS backend engine with blockchain technology
gmo-internet-logoGMO INTERNET formed a business alliance with Tech Bureau on February 1, 2016 to jointly develop back-end engine for games based on Tech Bureau’s private blockchain technology, “mijin”. Tech Bureau is a crypto-FinTech firm and also operates bitcoin exchange, “Zaif Exchange”. The mijin was developed to dramatically reduce infrastructure cost for financial companies to less than one-tenth by 2018.

techbureau-logoBlockchain technology is the latest remarkable technology in FinTech industry. By utilizing the technology into back-end engine for games, the companies believe that zero-downtime environment can be realized with less than half the operating cost. GMO INTERNET plans to launch the PaaS backend engine this fall at GMO app cloud which is a cloud service for gaming app and has been working on expanding its service responding to the needs of game and app developers.

As P2P network built by the blockchain technology is considered to provide zero-downtime environment and reduce the cost, the mijin is expected to grow in not only financial service industry but also other areas.

In addition to realizing zero-downtime environment, the new development will allow gaming operators to closely manage data saving and remove users conducting misuse and manipulation as all data in blockchain can be managed by keys of cryptographic technology. The technology also can prevent abuse of the data and inconsistent data.

(Source: GMO INTERNET Group )

Related Articles:

2016/01/29 GMO CLICK retains top position in Global Forex industry for the 4th consecutive year
2016/01/27 GMO CLICK and MONEY DESIGN partner to develop innovative ETF discretionary management service
2016/01/21 GMO CLICK Holdings announces operating revenue increased by 28 percent
2016/01/06 Japan largest QA community, OKWAVE and Tech bureau partner to develop systems using blockchain technology
2015/12/16 After the announcement of DMM FX, Japanese giant broker, GMO CLICK Securities tightened spreads for 3 forex pairs
2015/12/04 Japanese Tech firms, Tech bureau and Infoteria partner for revolutionary blockckain technology
2015/11/20 GMO PAYMENT GATEWAY launched new security service for credit card settlement


http://jftoday.com/GMO+INTERNET+and+Tech+Bureau+jointly+develop+PaaS+backend+engine+with+blockchain+technology/
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February 04, 2016, 02:27:14 PM
 #21684

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

same question here.

but it applys to ripple as well.
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February 04, 2016, 02:48:40 PM
Last edit: February 04, 2016, 03:00:57 PM by child_harold
 #21685

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

same question here.

but it applys to ripple as well.

I've only been here a few days and am no authority on anything NEM

However I remember something about smart contracts (once implemented) traversing the private mijin chain and the public NEM chain.
There is more generally the cross-pollination of development between the networks, and their potential synergy. Where necessary or suitable the private and public chains may communicate.

This is my understanding.
Please correct me if wrong.



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February 04, 2016, 02:54:27 PM
 #21686

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

same question here.

but it applys to ripple as well.

I've only been here a few days and am no authority on anything XEM

However I remember something about smart contracts (once implemented) traversing the private mijin chain and the public NEM chain.
There is more generally the cross-pollination of development between the networks, and their potential synergy. Where necessary or suitable the private and public chains may communicate.

This is my understanding.
Please correct me if wrong.

Sounds pretty accurate to me.
There's also the thing that mijin isn't going to be free. So any company that can live with the downsides of a public blockchain can have mijin for free by simply using NEM. The APIs are 100% identical so if they tested mijin (i understand there are a bunch of trials running right now, i think i saw the number 50 a few pages back) they can resue all their previous code.

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February 04, 2016, 03:03:23 PM
 #21687

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

same question here.

but it applys to ripple as well.

I've only been here a few days and am no authority on anything XEM

However I remember something about smart contracts (once implemented) traversing the private mijin chain and the public NEM chain.
There is more generally the cross-pollination of development between the networks, and their potential synergy. Where necessary or suitable the private and public chains may communicate.

This is my understanding.
Please correct me if wrong.

Sounds pretty accurate to me.
There's also the thing that mijin isn't going to be free. So any company that can live with the downsides of a public blockchain can have mijin for free by simply using NEM. The APIs are 100% identical so if they tested mijin (i understand there are a bunch of trials running right now, i think i saw the number 50 a few pages back) they can resue all their previous code.

Cool, thanks for the confirm

Here, I found the reference:

Quote
Also, within 2016, it is planned to be able to execute smart contracts across Mijin blockchains, by communicating via the main NEM chain.
http://mijin.io/en/73.html

SO NEM is literally at the heart of it, I guess Smiley


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February 04, 2016, 04:58:02 PM
 #21688

Nem will go up again

And these time will be very high
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February 04, 2016, 05:32:45 PM
Last edit: February 04, 2016, 11:01:33 PM by greentea
 #21689

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

I posted this before, but this explains the strategy of the private/public chain combo:
(this VC believes there will be a constellation of chains ... watch for about 5 minutes)
https://www.youtube.com/watch?v=c9CjWz2N5Hs&feature=youtu.be&t=58m22s

Mijin has only been positive for NEM and building awareness.  Over 100 companies are experimenting right now with Mijin and use test cases.  Very likely these private chains will need to connect to other private chains via a public one.  With the same API's and platform enter NEM.

Also it has been discussed that possibly registering namespaces/mosaics in the future will require cross-chain interaction.

 

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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February 04, 2016, 09:17:23 PM
 #21690

How are projects being developed on the private chain going to influence the value (and then price) of XEM? Could somebody elaborate on this? How are the two chains linked and is there an immediate way in which value added to private chain will translate to value added to XEM?

THX! After having been very harsh on this project, I must say I'm impressed with the behind the scenes work towards real world integration - I am forced to reconsider my previous position. Congratulations to the team so far.

I posted this before, but this explains the strategy of the private/public chain combo:
(this VC believes there will be a constellation of chains ... watch for about 5 minutes)
https://www.youtube.com/watch?v=c9CjWz2N5Hs&feature=youtu.be&t=58m22s

Mijin has only been positive for NEM and building awareness.  Over 100 companies are experimenting right now with Mijin and uses test cases.  Very likely these private chains will need to connect to other private chains via a public one.  With the same API's and platform enter NEM.

Also it has been discussed that possibly registering namespaces/mosaics in the future will require cross-chain interaction.

 

Yes i agree, its also possible that fees for using minjin will be paid using XEM, so win win for all.

Makoto has a brilliant business plan and i think its a huge wake up call for ripple users.

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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February 04, 2016, 10:23:22 PM
 #21691

The price of namespace is really terrible. 50K is not 30 dollars.
If I buy now, and one day 1 XEM = 1 euro , I will have to live with the thought that I spent 50K euros, or 500K, if one XEM is 100, then I spent 5 Million euros.  Smiley

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February 04, 2016, 11:01:44 PM
 #21692

The price of namespace is really terrible. 50K is not 30 dollars.
If I buy now, and one day 1 XEM = 1 euro , I will have to live with the thought that I spent 50K euros, or 500K, if one XEM is 100, then I spent 5 Million euros.  Smiley

well maybe you will get 5 million euros one day, if you sell them...but all good namespaces will be taken at this point and price will have fallen to 50 nem or something  Wink
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February 04, 2016, 11:08:08 PM
 #21693

The price of namespace is really terrible. 50K is not 30 dollars.
If I buy now, and one day 1 XEM = 1 euro , I will have to live with the thought that I spent 50K euros, or 500K, if one XEM is 100, then I spent 5 Million euros.  Smiley
No one can guarantee 1 XEM will be 100 EUR, 10 EUR, 1 EUR or even 1 EURO Cent. And if so, it will take a very long time.
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February 04, 2016, 11:19:13 PM
 #21694

The price of namespace is really terrible. 50K is not 30 dollars.
If I buy now, and one day 1 XEM = 1 euro , I will have to live with the thought that I spent 50K euros, or 500K, if one XEM is 100, then I spent 5 Million euros.  Smiley

At the time of namespace being introduced, XEM's price was just a fraction of what it is now ... I'm sure in future releases, they will adjust price maybe to dollars or YEN or something like that.


NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
▃▃▃▅▅▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▅▅▅▃▃▃
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February 05, 2016, 12:08:05 AM
 #21695

The price of namespace is really terrible. 50K is not 30 dollars.
If I buy now, and one day 1 XEM = 1 euro , I will have to live with the thought that I spent 50K euros, or 500K, if one XEM is 100, then I spent 5 Million euros.  Smiley

At the time of namespace being introduced, XEM's price was just a fraction of what it is now ... I'm sure in future releases, they will adjust price maybe to dollars or YEN or something like that.



In order to avoid squatters with hundreds of namespaces a price in the range of 10-30$ is more than fair and will be quite effective. Price could always be adjusted but a extremely cheap priceat launch would ruin everything. I remember well what happened with NXT, within few minutes after the launch of their domains (can't remember how they were called) there were hundreds already taken cause it was almost free, so why wouldn't you?. I took 2 (treasury and hillaryclinton) just for fun not planing to do anything with them, effectively squatting.   Smiley

BTW name should have been NEMspaces Wink

NEM : TAFTFJ-JJ4XTW-FNYZU7-HZR2Y2-RXIKEW-QIOWFJ-WM4N
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February 05, 2016, 12:36:20 AM
Last edit: February 05, 2016, 12:48:27 AM by ElitistCA
 #21696

Sure, I get you guys, NXT alias system was fail, I personally own about 600 NXT aliasis. Cheesy
ProbLem is it is sold in XEM, so more succesful NEM will be the worse deal it is. You can sell it for 30K dollars in 5 years,
but It will not give you 50K XEM again.

I hope I will be able to buy it for something else.

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▄█▀       ▀██▀          ▀▀█▄▄▄█▀▀


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February 05, 2016, 01:45:58 AM
 #21697

The price of namespace is really terrible. 50K is not 30 dollars.
If I buy now, and one day 1 XEM = 1 euro , I will have to live with the thought that I spent 50K euros, or 500K, if one XEM is 100, then I spent 5 Million euros.  Smiley
No one can guarantee 1 XEM will be 100 EUR, 10 EUR, 1 EUR or even 1 EURO Cent. And if so, it will take a very long time.

What do you class as a long time fir interest?
If you call 5 to 10 years a long time, then im happy!  Cheesy

Remember that BTC reached $6 billion market cap in less than 5 years.

No reason why NEM cant do that in the same amount of time if we become more successful than BTC.

And i feel that BTC will not be the kingmaker then either...

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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February 05, 2016, 02:29:17 AM
 #21698

i saw somebody is asking this:

"sorry. I am confused.

if mosaic is going to create customized assets.

then what will ppl do with mosaic assets? any built-in exchange to help buy/sell or distribute them? like nxt or bts did in their system?"
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February 05, 2016, 04:14:33 AM
 #21699

I invested in NEM back at the creation, but have never claimed my share, and still have my secret token. How can I redeem my NEM?
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February 05, 2016, 04:36:03 AM
 #21700

I invested in NEM back at the creation, but have never claimed my share, and still have my secret token. How can I redeem my NEM?
You basically lost it as it expired close to one year ago.

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