NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[makoto1337]

Here from nem at Twitter

http://www.meti.go.jp/english/press/2016/0531_01.html

Japanese government nem

The report however uses word "node" in an ugly (for crypto currencies interested person) fashion...
Take a look at this paragraph (others about PoS, PBFT are written in the same way, so at least it's consistent)

PoI refers to a method to cluster(39) nodes through transaction graph analysis(40) using transaction
amounts and balances of individual nodes as indicators, calculate the significance of each node, and
assign priority in hash calculations (assign easier hash calculations) to more significant nodes.
Clustering is supposed to make it possible to detect nodes that are likely to commit unlawful
transactions. PoI is adopted in NEM.

Now translation for normal people:

PoI refers to a method to cluster(39) accounts through transaction graph analysis(40) using transaction
amounts and balances of individual accounts as indicators, calculate the significance of each account, and
assign priority in hash calculations (assign easier hash calculations) to more significant acconuts.
Clustering is supposed to make it possible to detect accounts that are likely to commit unlawful
transactions. PoI is adopted in NEM.

It's awesome that PoI was in the METI (経産省) report! Unfortunately, their explanation of PoI is not really correct. Importance refers to the graph theoretic importance of an account (in the netted, directed transaction graph). NEM uses hit/target values to determine harvesters, so I don't think "assign easier hash calculations" is correct. Clustering is used not to detect nodes that can commit "unlawful transactions," but rather to help prevent link spamming as part of the NCDawareRank algorithm.

[yshin365new]

Here from nem at Twitter

http://www.meti.go.jp/english/press/2016/0531_01.html

Japanese government nem

The report however uses word "node" in an ugly (for crypto currencies interested person) fashion...
Take a look at this paragraph (others about PoS, PBFT are written in the same way, so at least it's consistent)

PoI refers to a method to cluster(39) nodes through transaction graph analysis(40) using transaction
amounts and balances of individual nodes as indicators, calculate the significance of each node, and
assign priority in hash calculations (assign easier hash calculations) to more significant nodes.
Clustering is supposed to make it possible to detect nodes that are likely to commit unlawful
transactions. PoI is adopted in NEM.

Now translation for normal people:

PoI refers to a method to cluster(39) accounts through transaction graph analysis(40) using transaction
amounts and balances of individual accounts as indicators, calculate the significance of each account, and
assign priority in hash calculations (assign easier hash calculations) to more significant acconuts.
Clustering is supposed to make it possible to detect accounts that are likely to commit unlawful
transactions. PoI is adopted in NEM.

It's awesome that PoI was in the METI (経産省) report! Unfortunately, their explanation of PoI is not really correct. Importance refers to the graph theoretic importance of an account (in the netted, directed transaction graph). NEM uses hit/target values to determine harvesters, so I don't think "assign easier hash calculations" is correct. Clustering is used not to detect nodes that can commit "unlawful transactions," but rather to help prevent link spamming as part of the NCDawareRank algorithm.

Somebody in Japan had better contact METI report writer to give him an accurate information/explanation.
Thanks.  

[ctrent33]

Is this him?

hmm, I've also dug something weird about him... http://bit.do/asayama-criminal

Definitely a criminal offence. These kind of criminals go to this prison.......   https://www.youtube.com/watch?v=hMnk7lh9M3o

Why NEM has partnered with money laundering experience?

pls troll in another thread.
thx

everybody that forms a threat to capitalisme will be accused of some sort of criminal activity, even if it's not true.

http://archives.starbulletin.com/2000/12/08/news/story15.html
http://archives.starbulletin.com/2000/04/18/news/story9.html

And He seems to have many doubts for many years in Japan.
http://wc2014.2ch.net/test/read.cgi/venture/1070357269/

How many new accounts are you going to make 

[Camus]

Any news of xem?It has raise for a few days

[patmast3r]

Here from nem at Twitter

http://www.meti.go.jp/english/press/2016/0531_01.html

Japanese government nem

The report however uses word "node" in an ugly (for crypto currencies interested person) fashion...
Take a look at this paragraph (others about PoS, PBFT are written in the same way, so at least it's consistent)

PoI refers to a method to cluster(39) nodes through transaction graph analysis(40) using transaction
amounts and balances of individual nodes as indicators, calculate the significance of each node, and
assign priority in hash calculations (assign easier hash calculations) to more significant nodes.
Clustering is supposed to make it possible to detect nodes that are likely to commit unlawful
transactions. PoI is adopted in NEM.

Now translation for normal people:

PoI refers to a method to cluster(39) accounts through transaction graph analysis(40) using transaction
amounts and balances of individual accounts as indicators, calculate the significance of each account, and
assign priority in hash calculations (assign easier hash calculations) to more significant acconuts.
Clustering is supposed to make it possible to detect accounts that are likely to commit unlawful
transactions. PoI is adopted in NEM.

It's awesome that PoI was in the METI (経産省) report! Unfortunately, their explanation of PoI is not really correct. Importance refers to the graph theoretic importance of an account (in the netted, directed transaction graph). NEM uses hit/target values to determine harvesters, so I don't think "assign easier hash calculations" is correct. Clustering is used not to detect nodes that can commit "unlawful transactions," but rather to help prevent link spamming as part of the NCDawareRank algorithm.

Maybe you should tell them that

[gimre]

PoI refers to a method to cluster(39) accounts through transaction graph analysis(40) using transaction
amounts and balances of individual accounts as indicators, calculate the significance of each account, and
assign priority in hash calculations (assign easier hash calculations) to more significant acconuts.
Clustering is supposed to make it possible to detect accounts that are likely to commit unlawful
transactions. PoI is adopted in NEM.

It's awesome that PoI was in the METI (経産省) report! Unfortunately, their explanation of PoI is not really correct. Importance refers to the graph theoretic importance of an account (in the netted, directed transaction graph). NEM uses hit/target values to determine harvesters, so I don't think "assign easier hash calculations" is correct.

They might have simplified it a bit, but that is (sort-of) correct. Importance is part of target value. Nicer target == faster reaches hit. Saying that "easier hash calculation" isn't the best phrasing I guess.

Clustering is used not to detect nodes that can commit "unlawful transactions," but rather to help prevent link spamming as part of the NCDawareRank algorithm.

Indeed, that part (in their raport) is not right.

[gimre]

Friendly reminder for our new troll (your initial posts were acceptable, and haven't been removed, but new ones are pure FUD/trollism):

This is MODERATED thread, initial name of the thread actually was: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]

AFAIR, non-moderated thread hasn't been closed and still exists: https://bitcointalk.org/index.php?topic=650274.1240

[jabo38]

Jabo38 tell that supernodes will start at 1 of June 2016

I got my first payment yesterday.  Hoping to get another soon for today. 

[rajc]

Jabo38 tell that supernodes will start at 1 of June 2016

I got my first payment yesterday.  Hoping to get another soon for today. 

the payments are kind of high right now
70000 XEN for around 150 nodes with current XEM price it is over $30 a month.

[gimre]

Jabo38 tell that supernodes will start at 1 of June 2016

I got my first payment yesterday.  Hoping to get another soon for today. 

the payments are kind of high right now
70000 XEN for around 150 nodes with current XEM price it is over $30 a month.

And they probably will be increased after two months. (not promising anything)

[wjarmb]

I think once we have cut the troll disease, our community should be able to evolve and bloom again in no time.

[b1007]

I think once we have cut the troll disease, our community should be able to evolve and bloom again in no time.

Indeed, this is a serious project for serious investors  Although I like Waves, I like NEM better, can't wait till public platform becomes operational for realz 

[nzminer]

If anyone knows how the balance can be shared with multisig to combine enough to make a node work, im keen to know.

[gentlemand]

I think once we have cut the troll disease, our community should be able to evolve and bloom again in no time.

One squealing prick is derailing the entire project? I find that a tad difficult to believe.

[Tosun14]

Meanwhile @NextBank with Lon Wong;

[minerfool]

Meanwhile @NextBank in Japan with Lon Wong;

Looks like it was from here:
http://www.meetup.com/NextMoneyKL/events/231236934/

Great job!

[Brainofmasses]

Great job Lon!

Hopefully we get more such and similiar presentations #soon. 

[jkoil]

These nodes will fork tomorrow if they don't update.  Fork comes at block 199,800.


img]...

In the NCC is the shoutbox saying "Latest stable release: 0.6.43"

Will/could/should it say today...tomorrow  "Fork coming at blk 199800" ?

That's a good idea. Right now it says the latest release is 0.6.43 and anyone that had that it 0.6.42 is good.

But it would also be nice to have a red alert with the fork block highlighted.

Have the features of the shoutbox been upgraded?   

[gimre]

Have the features of the shoutbox been upgraded?   

Lol, you must have been away for a while, ncc's gonna get killed (sooner or later).
Lightwallet / Nano wallet will take all of it's functionality. #soon

[jkoil]

Have the features of the shoutbox been upgraded?   

Lol, you must have been away for a while, ncc's gonna get killed (sooner or later).
Lightwallet / Nano wallet will take all of it's functionality. #soon

yea.... a year away .. and continues :-(
had to leave this world year ago to get money. But I didnt expect to get fast money from here either 
Anyway, now with NEM it looks quite good. Apparently NEM has done something right.

Lightwallet / Nano wallet will take all of it's functionality. #soon

Thanks for the info.... gotta check that wallet.