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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2902803 times)
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nzminer
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August 02, 2016, 11:43:54 PM
 #25861


The price and market cap suggests otherwise... I think we're officially in a free fall. No telling where the bottom is.
Now the million dollar question is, how many coins have seen a resurgent bounce after a tech announcement after the original sky high jump?

I can't think of any, bitcoin, litecoin, etc. they've all stayed the same.
My fear is that people won't care about new features, as they're on to other coins and have forgotten all about this one.. seen it happen many times.
I'm hoping it doesn't happen to us, but the history of other coins suggests that it is very likely that it will.

Anyone who didn't think this was a totally artificial pump needs pushing into a river, but one of NEM's most interesting aspects is its separateness from the rest of the crypto market. It's quite possible and likely that adoption will come from some very unfamiliar angles.

I agree.

Our target audience is rather different and there is so much in Japan that we dont even fully know what is happening.
I have full confidence with the team, and the partnerships formed with Dragonfly, tech bureau, mijin etc  Cheesy

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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August 02, 2016, 11:50:34 PM
 #25862


The price and market cap suggests otherwise... I think we're officially in a free fall. No telling where the bottom is.
Now the million dollar question is, how many coins have seen a resurgent bounce after a tech announcement after the original sky high jump?

I can't think of any, bitcoin, litecoin, etc. they've all stayed the same.
My fear is that people won't care about new features, as they're on to other coins and have forgotten all about this one.. seen it happen many times.
I'm hoping it doesn't happen to us, but the history of other coins suggests that it is very likely that it will.

Anyone who didn't think this was a totally artificial pump needs pushing into a river, but one of NEM's most interesting aspects is its separateness from the rest of the crypto market. It's quite possible and likely that adoption will come from some very unfamiliar angles.

I agree.

Our target audience is rather different and there is so much in Japan that we dont even fully know what is happening.
I have full confidence with the team, and the partnerships formed with Dragonfly, tech bureau, mijin etc  Cheesy

Just look at the charts, hindsight is good right now.

Maybe itll be better in the future, for now not risking it.
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August 02, 2016, 11:56:24 PM
 #25863


You are right, we see this every summer. Should have caught it earlier  Roll Eyes

Check my posts at the time. Actually I'm sure you have better things to do with your life.

It felt like ETH/DAO people deciding to have some fun with something else. Even when it was going totally batty most people on here didn't have a clue what it was and there were hardly any threads on it. The threads that did emerge were mainly 'what is this XEM and why is it rising?'

Even if it was them mysterious people in the orient driving it, there should've been more knowledge in general about it on here. That screamed pump for pump's sake to me.

Anyway, it happened. And there'll be more of it some day.


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August 03, 2016, 12:26:58 AM
 #25864


The price and market cap suggests otherwise... I think we're officially in a free fall. No telling where the bottom is.
Now the million dollar question is, how many coins have seen a resurgent bounce after a tech announcement after the original sky high jump?

I can't think of any, bitcoin, litecoin, etc. they've all stayed the same.
My fear is that people won't care about new features, as they're on to other coins and have forgotten all about this one.. seen it happen many times.
I'm hoping it doesn't happen to us, but the history of other coins suggests that it is very likely that it will.

Anyone who didn't think this was a totally artificial pump needs pushing into a river, but one of NEM's most interesting aspects is its separateness from the rest of the crypto market. It's quite possible and likely that adoption will come from some very unfamiliar angles.

obviously it was artificial. Most pumps are. My point was that as a spectator I've seen tons of coins in the last 3 years have meteoric rises, then fall back down to obscurity, never to rise again.

The prevailing thought in this thread is that people will love NEM's tech and flock to it, but tech doesn't seem to be as much as a driving force as it should be in the crypto world.
Doge was sky high at one point with a huge market cap.. now look at it. It was a joke coin but it took off and was very popular for a long time..
And that stupid coin had a giant marketcap and tons of daily volume, bigger than most of the "superior tech" coins that fell below it in it's heyday, never to return...
It's a legitimate concern for those of us who want this coin to do good, but it's stupid to overlook crypto history because of blind faith, all while ridiculing those who are concerned..
gentlemand
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August 03, 2016, 12:33:06 AM
 #25865


It's a legitimate concern for those of us who want this coin to do good, but it's stupid to overlook crypto history because of blind faith, all while ridiculing those who are concerned..

Totally, but Doge and friends all existed in the bitcointalk/reddit/junk exchange plus Chinese equivalent echo chamber and nowhere else.

NEM is one of the extreme few that isn't totally dependent on it and that's why its future is so potentially interesting and unpredictable. I think it's vital for any coin that wants to have legs to get out of here and emerge blinking into the outside world.

Who knows what'll happen? But that angle is what holds the excitement and mystery for me at least.

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August 03, 2016, 12:39:35 AM
 #25866

Patience everybody! All the other crypto's will fail due to compromised security! We are the future!
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August 03, 2016, 12:41:44 AM
 #25867

Patience everybody! All the other crypto's will fail due to compromised security! We are the future!

Dude dit you have see Gulden?

https://developer.gulden.com/roadmap
https://bitcointalk.org/index.php?topic=1343317.0
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August 03, 2016, 01:03:06 AM
 #25868


You are right, we see this every summer. Should have caught it earlier  Roll Eyes

Check my posts at the time. Actually I'm sure you have better things to do with your life.

It felt like ETH/DAO people deciding to have some fun with something else. Even when it was going totally batty most people on here didn't have a clue what it was and there were hardly any threads on it. The threads that did emerge were mainly 'what is this XEM and why is it rising?'

Even if it was them mysterious people in the orient driving it, there should've been more knowledge in general about it on here. That screamed pump for pump's sake to me.

Anyway, it happened. And there'll be more of it some day.



I panicked today and lost some but gained some, still kept a lot of NEM.

Got my senses back, going for the ride now.
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August 03, 2016, 01:50:20 AM
 #25869


The price and market cap suggests otherwise... I think we're officially in a free fall. No telling where the bottom is.
Now the million dollar question is, how many coins have seen a resurgent bounce after a tech announcement after the original sky high jump?

I can't think of any, bitcoin, litecoin, etc. they've all stayed the same.
My fear is that people won't care about new features, as they're on to other coins and have forgotten all about this one.. seen it happen many times.
I'm hoping it doesn't happen to us, but the history of other coins suggests that it is very likely that it will.

Anyone who didn't think this was a totally artificial pump needs pushing into a river, but one of NEM's most interesting aspects is its separateness from the rest of the crypto market. It's quite possible and likely that adoption will come from some very unfamiliar angles.

obviously it was artificial. Most pumps are. My point was that as a spectator I've seen tons of coins in the last 3 years have meteoric rises, then fall back down to obscurity, never to rise again.

The prevailing thought in this thread is that people will love NEM's tech and flock to it, but tech doesn't seem to be as much as a driving force as it should be in the crypto world.
Doge was sky high at one point with a huge market cap.. now look at it. It was a joke coin but it took off and was very popular for a long time..
And that stupid coin had a giant marketcap and tons of daily volume, bigger than most of the "superior tech" coins that fell below it in it's heyday, never to return...
It's a legitimate concern for those of us who want this coin to do good, but it's stupid to overlook crypto history because of blind faith, all while ridiculing those who are concerned..

Main reason i did not dump at peak is because ive been burned in the past with different coins when dumping and then find they still skyrocketed. That and the risk of dumping with a potential news update could have made a big loss for me.

We were still seriously undervalued at the peak of the pump, and high gains are unavoidable with any crypto, and the upside with the pump is that its high exposure will gain more potentially buyers who dont like buying on a pump and wait for price to settle before investing.

Lots of people still dont know about XEM, so this did gain alot of attention, many have asked me about NEM and ive provided them with information.

I dont like panic buying on a pump, so a lower price is attractive to investors.

From memory, NXT hit $100M marketcap shortly after launch, then dropped down to around $30M and then went back to $100M some months later.

What makes this stand out over other projects is that we have solid devs with a good road map and a very secure blockchain.
ETH/ETC is not out of the woods yet, and until they make it more secure, its unclear how the flaws in smart contracts will pan out.

Remember that we have achieved more than many other projects out there and the work will pay off very soon. So dont compare this to any other pump and dumps.

NEM can achieve the same result of smart contracts without the inherent security flaws of adding smart contracts to a blockchain.

NEM to the moon, (rome was not built in a day) we will get there, just give it time Smiley

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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August 03, 2016, 02:25:24 AM
 #25870

Totally agree! Cheesy
sammart57
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August 03, 2016, 01:33:41 PM
 #25871


The price and market cap suggests otherwise... I think we're officially in a free fall. No telling where the bottom is.
Now the million dollar question is, how many coins have seen a resurgent bounce after a tech announcement after the original sky high jump?

I can't think of any, bitcoin, litecoin, etc. they've all stayed the same.
My fear is that people won't care about new features, as they're on to other coins and have forgotten all about this one.. seen it happen many times.
I'm hoping it doesn't happen to us, but the history of other coins suggests that it is very likely that it will.

Anyone who didn't think this was a totally artificial pump needs pushing into a river, but one of NEM's most interesting aspects is its separateness from the rest of the crypto market. It's quite possible and likely that adoption will come from some very unfamiliar angles.

obviously it was artificial. Most pumps are. My point was that as a spectator I've seen tons of coins in the last 3 years have meteoric rises, then fall back down to obscurity, never to rise again.

The prevailing thought in this thread is that people will love NEM's tech and flock to it, but tech doesn't seem to be as much as a driving force as it should be in the crypto world.
Doge was sky high at one point with a huge market cap.. now look at it. It was a joke coin but it took off and was very popular for a long time..
And that stupid coin had a giant marketcap and tons of daily volume, bigger than most of the "superior tech" coins that fell below it in it's heyday, never to return...
It's a legitimate concern for those of us who want this coin to do good, but it's stupid to overlook crypto history because of blind faith, all while ridiculing those who are concerned..


I dont like panic buying on a pump, so a lower price is attractive to investors.

From memory, NXT hit $100M marketcap shortly after launch, then dropped down to around $30M and then went back to $100M some months later
.

Yes, NXT was one of the few that had a high rise, big drop then rose again, but now it's back down and seems to be staying that way since June of 2014, and looks to be staying down for the count.. it will have small rises and falls but I think overall it's done for. People made their money, lost interest and moved on to newer things.


What makes this stand out over other projects is that we have solid devs with a good road map and a very secure blockchain.
ETH/ETC is not out of the woods yet, and until they make it more secure, its unclear how the flaws in smart contracts will pan out.


Not out of the woods by any stretch, but as the crypto mob has illustrated time and again, people don't always go with what makes sense.. many times it's herd mentality, interest in the new high riser, etc. Even with the bad stretch ETH went through it's still going strong.. same with ETC. Just because it's got issues doesn't mean people will dump it for something else that may be technically better.

Remember that we have achieved more than many other projects out there and the work will pay off very soon. So dont compare this to any other pump and dumps.

NEM can achieve the same result of smart contracts without the inherent security flaws of adding smart contracts to a blockchain.


I really hope it can.. I know NEM can support smart contracts, but they are not functional and to be honest, I don't know just how much that would affect interest and value at this point.
I guess all we can do is wait and see, but the odds are not stacked in our favor at this current time.

NEM to the moon, (rome was not built in a day) we will get there, just give it time Smiley
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August 03, 2016, 01:42:33 PM
 #25872

Sarcasm or u talking seriously?

Omg

We are joking obviously. I am one of those deaded NEM developers Wink

When a painter dies his paintings skyrocket... why can't the same happen to software? Cheesy

satoshi long gone

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August 03, 2016, 02:51:06 PM
 #25873

I'm not feeling the same excitement.  What if it was just a "flash pump" like Bitshares and NXT?  Maybe nothing but stagnation for next years?   Huh
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August 03, 2016, 03:57:46 PM
 #25874

beta testing kraken for XEM?Huh?
why would they?

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August 03, 2016, 04:48:19 PM
 #25875

beta testing kraken for XEM?Huh?
why would they?

I suggest not to even engage with him/her. The only posts you get from jelin are angry daytrader bs. I've literally never seen a constructive post from jelin. Hasn't happend. Ever.

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August 03, 2016, 06:09:35 PM
 #25876

I tested it with xmx = 730m but it did not work, too.
Is there a minimum RAM requirement for running a NEM node? I just found a manual to set up the node but no information about minimum requirements. I ran a NXT node on the server earlier and I worked without problems.

Thanks, to point me to this fact. I will try to lower the -XmX to 700 and try to run it again.

Where could I find the right system logs? I am using Debian Linux on my VPS.

Installed a NEM node on my VPS. The node is running a few moments then the NIS server is terminated with the following message

Quote
./nix.runNis.sh: line 4:  5334 Killed                  java -Xms512M -Xmx1G -cp ".:./*:../libs/*" org.nem.deploy.CommonStarter

My VPS has 1 vCore and 768 MB RAM.

Any suggestions?

Probably the kernel Out Of Memory Killer killed your NIS (info about that in your system logs).

Parameter -Xmx must be lower than your RAM

Has your VPS  any swap space?

Chaos514
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August 03, 2016, 07:51:30 PM
 #25877

I tested it with xmx = 730m but it did not work, too.
Is there a minimum RAM requirement for running a NEM node? I just found a manual to set up the node but no information about minimum requirements. I ran a NXT node on the server earlier and I worked without problems.

Thanks, to point me to this fact. I will try to lower the -XmX to 700 and try to run it again.

Where could I find the right system logs? I am using Debian Linux on my VPS.

Installed a NEM node on my VPS. The node is running a few moments then the NIS server is terminated with the following message

Quote
./nix.runNis.sh: line 4:  5334 Killed                  java -Xms512M -Xmx1G -cp ".:./*:../libs/*" org.nem.deploy.CommonStarter

My VPS has 1 vCore and 768 MB RAM.

Any suggestions?

Probably the kernel Out Of Memory Killer killed your NIS (info about that in your system logs).

Parameter -Xmx must be lower than your RAM

Has your VPS  any swap space?


The requirement are on the FAQ section of the nem.io site.

1 GB of RAM for NIS in command line mode
2 GB of RAM for NIS AND NCC/Lightwallet simultaneously (GUI)
2 GB of  RAM for NIS Supernode (Command Line)

Hope this help.
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August 03, 2016, 09:16:44 PM
 #25878

NEM developers celebrating the destruction and withering away of $FIAT by watching XEM satoshi fall down to new lows?   Huh  No wonder they called this a Communist coin!  Shocked
LemonAndFriesOne
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August 03, 2016, 10:54:16 PM
 #25879

Everybody serious about NEM:

We have been through ups and downs with NEM, the devs have shown they are serious.

Let's ride along and not panic, don't get depressed.

This project seems like it'll be bigger than we expect. If all goes right.

Ride it and maybe in the future we can look back and laugh at these intense moments.
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August 03, 2016, 10:55:27 PM
 #25880

Don't despair all cryptos are down and its because of Bitfinex hacked a week ago. I must admit it will take time to recover IMO.
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