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

[jelin1984]

not greece 300 of spartan

[yoohoo309]

very nice viewer

http://nember.ru/#/stats

it is just matter of interest that makes things as they want to see.

[ournem]

Some of you might have Namespaces that need to be renewed. Download the NanoWallet update with the renew Namespaces option in Services to renew your namespaces. https://www.nem.io/install.html

We should have a big update of NanoWallet in Feb that looks much nicer.

[BloodyRookie]

I second that: renew your namespaces, they start expiring tomorrow!

[LemonAndFriesOne]

not greece 300 of spartan

[jelin1984]

XEM soon at 1150 sat

xem  is ready to moon...

[pinkman12345]

Ok, i've done a lot of reading the past few weeks on NEM. I've got myself a healthy amount of NEM, but... i have a few questions, which may have been answered before, but i haven't found the answers yet, so would welcome any replies.

1. Is there any plans to decrease the minimum amount of NEM needed to become a supernode? To me, its just making those rich, even richer, and those who are less fortunate have harvesting. Harvesting is great, but Poloniex is the biggest harvester and is making a fortune whilst us little guys really have no incentive to harvest at all. Surely the more Supernodes that exist then the stronger the network? There is no mining, no proof of stake, all we have is harvesting (and super expensive SNs) and to be totally honest, the system seems a little unfair now.

2. When it comes to NEM and the public and private blockchains. If i were a business/government who wanted to utilise landstead, apostille or the next apps that come out, am i actually just buying into the security of the network over the apps, because being open source really means that anyone could create their own blockchain use all the functions currently in any open source alt coin for free (minus the cost of the dev who creates it) making it free for the business..

Thanks for any answers,

Pinkman

[3x2]

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat

That is what i think, 10k sat is the minimum target.

[jelin1984]

xem article!!!!

https://cointelegraph.com/news/top-10-crypto-reshuffle-nem-pushes-back-augur-and-steem

[bctacc32]

1. Is there any plans to decrease the minimum amount of NEM needed to become a supernode? To me, its just making those rich, even richer, and those who are less fortunate have harvesting. Harvesting is great, but Poloniex is the biggest harvester and is making a fortune whilst us little guys really have no incentive to harvest at all. Surely the more Supernodes that exist then the stronger the network? There is no mining, no proof of stake, all we have is harvesting (and super expensive SNs) and to be totally honest, the system seems a little unfair now.

Welcome to capitalism

2. When it comes to NEM and the public and private blockchains. If i were a business/government who wanted to utilise landstead, apostille or the next apps that come out, am i actually just buying into the security of the network over the apps, because being open source really means that anyone could create their own blockchain use all the functions currently in any open source alt coin for free (minus the cost of the dev who creates it) making it free for the business..

I think it's about adoption. The more nodes the network has, the less you have to trust a single node or group of nodes.

[greentea]

Ok, i've done a lot of reading the past few weeks on NEM. I've got myself a healthy amount of NEM, but... i have a few questions, which may have been answered before, but i haven't found the answers yet, so would welcome any replies.

1. Is there any plans to decrease the minimum amount of NEM needed to become a supernode? To me, its just making those rich, even richer, and those who are less fortunate have harvesting. Harvesting is great, but Poloniex is the biggest harvester and is making a fortune whilst us little guys really have no incentive to harvest at all. Surely the more Supernodes that exist then the stronger the network? There is no mining, no proof of stake, all we have is harvesting (and super expensive SNs) and to be totally honest, the system seems a little unfair now.

2. When it comes to NEM and the public and private blockchains. If i were a business/government who wanted to utilise landstead, apostille or the next apps that come out, am i actually just buying into the security of the network over the apps, because being open source really means that anyone could create their own blockchain use all the functions currently in any open source alt coin for free (minus the cost of the dev who creates it) making it free for the business..

Thanks for any answers,

Pinkman

As far as the supernodes, these questions came up a lot when the price shot up last time over 2500+
People were asking about the price of supernodes coming down.

I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.

[tolikkk]

I think supernode in the future will cost about 500000 Nem, which has a positive effect on the need for space procurement the number of coins

[Alohaboy?!]

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat

That is what i think, 10k sat is the minimum target.

really looking forward to catapult release. @1 XEM=1$  i will tattoo the logo somewhere

[sandwraithBTC]

hello
what is the estimated date for Catapult release ?
exciting at waiting at it

thank you

[belowizard]

I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.

never heard of the 3mill limit. how does it work, who does it apply to? thx

[greentea]

I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.

never heard of the 3mill limit. how does it work, who does it apply to? thx

If you want to run a supernode (high performance node to secure the network) you need to have a minimum balance of 3 million XEM.  Anyone can set this up.

These supernodes are rewarded on a daily basis if the server passes all the tests (balance, bandwidth, responsiveness etc...)  Current payout ~ 400XEM a day.  This changes the more/less supernodes are enrolled.

You can see a map of the supernodes here:
https://supernodes.nem.io/map

You can read the full details about the program & setting one up here:
https://forum.nem.io/t/nem-supernode-rewards-program/1735

[rigel]

As far as the supernodes, these questions came up a lot when the price shot up last time over 2500+
People were asking about the price of supernodes coming down.

I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.

Supernodes must be trusted.

You can trust my node, even if you don't know me, because you know I made a significant investment in NEM so I have no interest  in cheating and damaging NEM network.

[rajc]

These supernodes are rewarded on a daily basis if the server passes all the tests (balance, bandwidth, responsiveness etc...)  Current payout ~ 400XEM a day.  This changes the more/less supernodes are enrolled.

actually all nodes together earn 70 000 a day so the more nodes there are the less they earn

[greentea]

These supernodes are rewarded on a daily basis if the server passes all the tests (balance, bandwidth, responsiveness etc...)  Current payout ~ 400XEM a day.  This changes the more/less supernodes are enrolled.

actually all nodes together earn 70 000 a day so the more nodes there are the less they earn

That number doubled on Sept/2016 to 140,000 XEM a day.  Last payout was around 421 XEM so you can do the math and see how many supernodes passed the test last round.  I believe there are >400 active supernodes but the thing is every round a handful of nodes FAIL this or that.  

[BaggedGoods]

xem article!!!!

https://cointelegraph.com/news/top-10-crypto-reshuffle-nem-pushes-back-augur-and-steem

More and more people are hearing about xem, so the price is going to fly I guess.