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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2984141 times)
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gentlemand
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August 07, 2016, 10:16:50 PM
 #25901

This geezer must be providing 95% of the mining in the alt world judging by how many he's sampled, even if he couldn't get it work.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 07, 2016, 10:24:35 PM
 #25902

I agree it is simple. cannot run the browser and software together just freezes
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August 08, 2016, 12:12:07 AM
 #25903

I agree it is simple. cannot run the browser and software together just freezes

It's java based, make sure you have a powerful enough machine.

Your posts suggests you are also trying to run miners at the same time, free up some resources. Java can use up a decent amount of resources.

If not, then use a different node to connect to instead of downloading the whole blockchain. Use settings option:

http://www.nodeexplorer.com/
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August 08, 2016, 02:25:52 AM
 #25904

ok will try again
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August 08, 2016, 06:45:15 AM
 #25905

Wow! reward for supernode jump to 522 xem! Shocked

It will return to previous levels: https://forum.nem.io/t/nem-supernode-rewards-program/1735/590

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August 08, 2016, 01:10:58 PM
 #25906

Please take note of the follwing threads in the NEM forum:

1) Realignment of funds discussion:
https://forum.nem.io/t/realignment-of-nem-funds-discussion/2685

2) Legal entity vote:
https://forum.nem.io/t/legal-entity-vote/2698

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
fragout
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August 08, 2016, 02:52:59 PM
 #25907

Please take note of the follwing threads in the NEM forum:

1) Realignment of funds discussion:
https://forum.nem.io/t/realignment-of-nem-funds-discussion/2685

2) Legal entity vote:
https://forum.nem.io/t/legal-entity-vote/2698

I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity. The legal entity will not only control the funds but actually own them to do as they wish.  Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.
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August 08, 2016, 02:58:24 PM
 #25908

Please take note of the follwing threads in the NEM forum:

1) Realignment of funds discussion:
https://forum.nem.io/t/realignment-of-nem-funds-discussion/2685

2) Legal entity vote:
https://forum.nem.io/t/legal-entity-vote/2698

I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity. The legal entity will not only control the funds but actually own them to do as they wish.  Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.


Interesting, so NEM is trying to centralize the funds? Devs should respond with more details on this matter.
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August 08, 2016, 02:59:20 PM
 #25909

Please take note of the follwing threads in the NEM forum:

1) Realignment of funds discussion:
https://forum.nem.io/t/realignment-of-nem-funds-discussion/2685

2) Legal entity vote:
https://forum.nem.io/t/legal-entity-vote/2698

I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity. The legal entity will not only control the funds but actually own them to do as they wish.  Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.


I dont understand it. Could you explain this to me if you have time (here or in pm)

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dadingsda
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August 08, 2016, 03:03:21 PM
 #25910

Please take note of the follwing threads in the NEM forum:

1) Realignment of funds discussion:
https://forum.nem.io/t/realignment-of-nem-funds-discussion/2685

2) Legal entity vote:
https://forum.nem.io/t/legal-entity-vote/2698

I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity. The legal entity will not only control the funds but actually own them to do as they wish.  Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.


Ähh wtf? Thank you very much for the info! But in case the idea came from the devs a voting is senseless. How many stakes each of them ownes? About 50x as an original investor?! Or about 500x today (because many of them sold a big chunk already).

INVALID BBCODE: close of unopened tag in table (1)
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August 08, 2016, 03:44:51 PM
 #25911

I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity. The legal entity will not only control the funds but actually own them to do as they wish.  Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.

I (personally) do not intend to use any funds to affect the results of the vote in any way.

If you think about it, there are VERY good reasons to have a legal entity (I think most of them were actually laid down here: http://blog.nem.io/a-major-announcement/)

Keep in mind, that right now, NEM can't even protect its copyrights, as there is no legal organization that would guard our back.

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github: https://github.com/symbol
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August 08, 2016, 04:00:25 PM
 #25912

@gimre

legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc."  is a no go.
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August 08, 2016, 04:13:01 PM
Last edit: August 08, 2016, 04:24:49 PM by rockethead
 #25913

Please take note of the follwing threads in the NEM forum:

1) Realignment of funds discussion:
https://forum.nem.io/t/realignment-of-nem-funds-discussion/2685

2) Legal entity vote:
https://forum.nem.io/t/legal-entity-vote/2698

I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity. The legal entity will not only control the funds but actually own them to do as they wish.  Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.


Please do not make conjectures. Ask if you have doubts. Making conjectures is fud.

Today, the funds in the non-entity of NEM is controlled by 8 core members. They can run with the fund too and it can collapse.

The legal entity gives it a protection layer as it cannot run away with the funds so easily as it binds the trustees of the fund to the law.

Making decisions to use the funds are explicity spelt out how they are going to be used to promote the 10 focus areas as described here: http://blog.nem.io/a-major-announcement/

THe 10 focus areas are:

  • Setting up regional presence
  • Organising NEM blockchain technology events
  • Collaborating with educational institutions
  • Collaborating with Government agencies to define standards
  • Collaborating with commercial entities to further develop its use.
  • Setting up a centre of excellence and to be headed by our very own core developers
  • Setting up a consulting arm to consult on matters relating to the technology and provide such services to businesses at large that will use the NEM blockchain technology
  • Acquiring and promoting intellectual properties from its community and working with them to promote such intellectual properties to global businesses
  • Spawning new ventures, and where possible, by providing technology and financial assistance
  • Providing for scholarships and internship for brilliant and world class students

How the funds will be used will be decided as before. Nothing has changed.

How the funds will be disbursed have always been done by the 8 core members without the need to answer to anyone. How the funds will be used in future will need corporate governance, and simply using funds at will, can land some people in jail. Simple as that. We are putting check and balance into the system. It can only be better, not worse.

Finally, the legal entity is not only a legal entity per se. It will comprise of members, pretty much like a foundation, but the word foundation is not the right description, more so a society in nature. There will be members there who will cast their votes for any major investments.

In the initial stage, this will be very much guided by the core team. The initial stage is expected to be 10 years and by which time, we hope to achieve a proper legacy for all to follow.

Let's hope this will clear some air.

Edit: Please note that the whole question in the end is the community fund. The rest of the fund has always been autonomously decided by the core. So really, the question is the community fund.

Another point to be made, the structure is two tier, trustee tier and society tier.  Society is run by executives who are entrusted to run and execute what has been decided collectively between the members of the society (presumably the nembers here), the executives and the board of trustees. In short, it is not without any check and balance.

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August 08, 2016, 04:17:20 PM
 #25914

@gimre

legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc."  is a no go.

We will expect some people will be paid for sure. It cannot be pro-bono. Would you spend your time in there, pro-bono?
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August 08, 2016, 04:34:02 PM
 #25915

@gimre

legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc."  is a no go.

We will expect some people will be paid for sure. It cannot be pro-bono. Would you spend your time in there, pro-bono?

No i wouldnt but I dont like a board of directors assigning themselves a wage that they deem fair either out of community funds. Yes the guys who hold the keys to the funds now could run away with them as you say, but that would be stealing and would kill their current holdings value not to mention the project (NEM) in general. Giving ownership of the funds to a legal entity in which they have the power to sign checks as they see fit is not ideal either.

Dont get me wrong, I am not trying derail a plan that is being attempted with good intentions (probably) but making an announcement that there will be a vote with a deadline of the 14th of Aug in which the main beneficiaries  have the power to win that vote and in which the community loses all control of the community funds is rushed to say the least.
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August 08, 2016, 05:39:39 PM
 #25916

@gimre

legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc."  is a no go.

We will expect some people will be paid for sure. It cannot be pro-bono. Would you spend your time in there, pro-bono?

No i wouldnt but I dont like a board of directors assigning themselves a wage that they deem fair either out of community funds. Yes the guys who hold the keys to the funds now could run away with them as you say, but that would be stealing and would kill their current holdings value not to mention the project (NEM) in general. Giving ownership of the funds to a legal entity in which they have the power to sign checks as they see fit is not ideal either.

Dont get me wrong, I am not trying derail a plan that is being attempted with good intentions (probably) but making an announcement that there will be a vote with a deadline of the 14th of Aug in which the main beneficiaries  have the power to win that vote and in which the community loses all control of the community funds is rushed to say the least.

I would like to hear a better solution rather than the problem we already know. Otherwise there still has to be an answer to the problem to move forward. And to move forward we must. Smiley

Honestly, some people in the community wants a resolution. We have made the announcement on 7th. July, but most are apathetic when this is history in the making. THe idea and deadline for resolution was mooted by someone in the community who is seeing inaction and non-deliberation.
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August 08, 2016, 05:43:47 PM
 #25917

Can someone tell me when was the 3 mil supernode collateral announced? Or what was the xem price at that time?
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August 08, 2016, 05:47:29 PM
 #25918

Can someone tell me when was the 3 mil supernode collateral announced? Or what was the xem price at that time?


About a year ago. when XEM was about 70-80 sat
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August 08, 2016, 05:54:02 PM
 #25919

Can someone tell me when was the 3 mil supernode collateral announced? Or what was the xem price at that time?


About a year ago. when XEM was about 70-80 sat

thank you
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August 08, 2016, 07:06:15 PM
 #25920

@gimre

legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc."  is a no go.

We will expect some people will be paid for sure. It cannot be pro-bono. Would you spend your time in there, pro-bono?

No i wouldnt but I dont like a board of directors assigning themselves a wage that they deem fair either out of community funds. Yes the guys who hold the keys to the funds now could run away with them as you say, but that would be stealing and would kill their current holdings value not to mention the project (NEM) in general. Giving ownership of the funds to a legal entity in which they have the power to sign checks as they see fit is not ideal either.

Dont get me wrong, I am not trying derail a plan that is being attempted with good intentions (probably) but making an announcement that there will be a vote with a deadline of the 14th of Aug in which the main beneficiaries  have the power to win that vote and in which the community loses all control of the community funds is rushed to say the least.



I would like to hear a better solution rather than the problem we already know. Otherwise there still has to be an answer to the problem to move forward. And to move forward we must. Smiley

Honestly, some people in the community wants a resolution. We have made the announcement on 7th. July, but most are apathetic when this is history in the making. THe idea and deadline for resolution was mooted by someone in the community who is seeing inaction and non-deliberation.

Well I cant argue with you about the community being apathetic as I seem to be the only one concerned with the plan ( maybe they all like it ).
I am against centralization in principal but I also see that Bitcoin is in a mess with no decisions being made. I expect most to complain after the vote. I think there should be more details such as who are the people involved in the Legal entity, Which funds are being transferred to them and if there will be any oversight regarding spending, accounts etc.
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