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

[BCFrictionless]

CUBE logo is clear choice.

[USDbitfnx]

Hey guys!

Where can I find details about NEM asset exchange?

Will there be an AE from the start and how will it differ from the NXT AE?

Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.

Let me know please,

Regards

[patmast3r]

Hey guys!

Where can I find details about NEM asset exchange?

Will there be an AE from the start and how will it differ from the NXT AE?

Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.

Let me know please,

Regards

There will be no AE from the very start because that would delay the launch quite a bit.
We aim to do something different from your avg AE. An AE has turned into a kind of a standard feature by now so we sure as hell won't be putting out just another iteration of that
As it stands right now I can't give out any details and it's impossible for me to give you an ETA.

Hope you're still interested when our AE launches

[USDbitfnx]

Hey guys!

Where can I find details about NEM asset exchange?

Will there be an AE from the start and how will it differ from the NXT AE?

Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.

Let me know please,

Regards

There will be no AE from the very start because that would delay the launch quite a bit.
We aim to do something different from your avg AE. An AE has turned into a kind of a standard feature by now so we sure as hell won't be putting out just another iteration of that
As it stands right now I can't give out any details and it's impossible for me to give you an ETA.

Hope you're still interested when our AE launches

Thank you for the honest and fast answer.

Yes, I will most definately launch my asset on every promising AE. NEM seems to have a big amount of followers, so it is a no-brainer.

Regards

[USDbitfnx]

Hey guys!

Where can I find details about NEM asset exchange?

Will there be an AE from the start and how will it differ from the NXT AE?

Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.

Let me know please,

Regards

There will be no AE from the very start because that would delay the launch quite a bit.
We aim to do something different from your avg AE. An AE has turned into a kind of a standard feature by now so we sure as hell won't be putting out just another iteration of that
As it stands right now I can't give out any details and it's impossible for me to give you an ETA.

Hope you're still interested when our AE launches

Thank you for the honest and fast answer.

Yes, I will most definately launch my asset on every promising AE. NEM seems to have a big amount of followers, so it is a no-brainer.

Regards

hopefully we will someday make it onto your exchange.

That would actually be awesome! Though bitfinex is very picky in adding new coins, DRK was a big surprise for most traders there, and it flopped pretty hard too.

[USDbitfnx]

may i ask do you work for bitfinex? DRK was promising but the trouble they had with master nodes put an end to that mostly. there method for annonimising transactions was a bit flimsy. a problem came up and instead of fixing it it was more like apatch, and then another problem arose from that that also got patched and eventually they couldnt contain the issues any longer as far as i know.

once nem proves itself, if it hasnt already, i think nem would be a superb choice for bitfinex. the volume already on the asset exchange speaks for itself.

I don't work for bitfinex.com, nor am I affiliated with them. Their platforum is just used for the lending feature and as collateral for the asset.

I wasn't even reffering to the fact that DRK itself failed, but that the volume on bitfinex was extremely low and many traders were kind of pissed because they added such a "shitcoin" in their oppinion.

[jkoil]

There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.

If each stake is 1 million nem,  26 stakes  is 2.6%

400m nem = 10%

40m = 1%

26m = 0.65% (i think)

thats a small whale if you ask me, barely a whale.. in nem thats a whale ya but only cos the distribution is so good.. but in most other coins with low marketcap 1% or more is a whale.

again its all about perspective.

yea ... that is not a whale ...

But, about whales:
 - are there any whales in the NEM test net now?
 - if not, is it possible that you "grow" someone to whale and after that try to follow, how it affects to the NEM system?
   Making a test-whale: select some account and all the users send 10% of their coins to that account


The latter test caused another:
could the current SW have kind of 'test menu', where are menu commands for stress testing?
Eg. one menu command could cause 100 transactions to the user-defined account with user-defined NEM amount (Edit: with certain realistic delay).  
Or would such commands be too "risky" in this phase?

[BloodyRookie]

But, about whales:
 - are there any whales in the NEM test net now?
 - if not, is it possible that you "grow" someone to whale and after that try to follow, how it affects to the NEM system?
   Making a test-whale: select some account and all the users send 10% of their coins to that account

The latter test caused another:
could the current SW have kind of 'test menu', where are menu commands for stress testing?
Eg. one menu command could cause 100 transactions to the user-defined account with user-defined NEM amount.  Or would such commands be too "risky" in this phase?

Biggest account in the test net is probably Thies' account with about 220M NEM.
It's not risky to stress the testnet, but someone has to code that test.

Aside from that:
Please, if you have a node running, upgrade it to V0.0.75 now: http://bob.nem.ninja/webstart/

[Capt Drake]

Aye matey, let me ask you something, what's the big difference with NEM to the other altcoins?

[dandruff1138]

It's almost August!  

[vrattlehead]

What's happening in August?

[Magic8Ball]

It's almost August!  

Whatever happens,  it better be something interesting. Price is dropping as general users are losing confidence. Which is fine except that the whales in the know are picking all up the initial distribution is getting hammered.

[mrvegad]

It's almost August!  

Whatever happens,  it better be something interesting. Price is dropping as general users are losing confidence. Which is fine except that the whales in the know are picking all up the initial distribution is getting hammered.

Why are they losing confidence? The dev's have started that the target launch date is Sept.

[TaunSew]

Looks like normal range to me.  NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.

The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends.  Everyone seems to be unloading their NXT.

 It's a dump and pump.  NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8.  They did the exact samething back in April by crashing NXT down to 2 cents and then profiting immensely when it rebounded to 8 cents.

[nutildah]

Looks like normal range to me.  NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.

The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends.  Everyone seems to be unloading their NXT.

 It's a dump and pump.  NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8.

A lot of the old school NXTers made a killing when they crashed down NXT to 2 cents in April and then had it rebound to 8 cents after the asset exchange.  They're just repeating an old trick.

Per usual I disagree with everything that you just said.

The price of NEM is now below its 30-day moving average; I don't know how you define the word normal but its different from how I and the rest of the chart-reading world does.

The price of NEM has been falling _in addition to_ the price of NXT falling (in addition to BTC). It was a nice theory that they should be inversely correlated but that's not how its playing out.

At this point its extremely risky behavior to purposefully drive the price of a coin down hoping that you can buy in "cheap," as most coins regardless of how good or useful they are tend to go _down_ in value.

Frankly I'd like to believe the part about NXT rebounding to 7-9 cents, but with the addition of NEM, Ethereum, MaidSafe, BlackHalo and now Bitshares, there's a lot of other cool stuff happening even among our core subgroup of "innovation-seeker" nerds.

NXT is going to have to put on quite a laser light show with fireworks in order to re-harness everybodys splintered attentions.

[TaunSew]

Looks like normal range to me.  NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.

The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends.  Everyone seems to be unloading their NXT.

 It's a dump and pump.  NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8.

A lot of the old school NXTers made a killing when they crashed down NXT to 2 cents in April and then had it rebound to 8 cents after the asset exchange.  They're just repeating an old trick.

Per usual I disagree with everything that you just said.

The price of NEM is now below its 30-day moving average; I don't know how you define the word normal but its different from how I and the rest of the chart-reading world does.

The price of NEM has been falling _in addition to_ the price of NXT falling (in addition to BTC). It was a nice theory that they should be inversely correlated but that's not how its playing out.

At this point its extremely risky behavior to purposefully drive the price of a coin down hoping that you can buy in "cheap," as most coins regardless of how good or useful they are tend to go _down_ in value.

Frankly I'd like to believe the part about NXT rebounding to 7-9 cents, but with the addition of NEM, Ethereum, MaidSafe, BlackHalo and now Bitshares, there's a lot of other cool stuff happening even among our core subgroup of "innovation-seeker" nerds.

NXT is going to have to put on quite a laser light show with fireworks in order to re-harness everybodys splintered attentions.

I'ld be really surprised if NXT does not rebound.

Klee himself admitted that almost all his funds were moved into BTC, I imagine that's true for other NXT whales - they go back and forth between BTC and NXT.   When the price of NXT is "good" for them, such as now where NXT looks like it might hit 3-something cents in a week, they'll go all in and send NXT rebounding right after the content releases.

After all it's been done several times already.  It's an old fashion pump and dump that you see all the time in coins with low volume and wealthy benefactors.  NXT has plenty of millionaires who owe their existence to that coin and have no problem engaging in a bail out (and profiting) coinciding with major releases like the asset exchange and soon-to-be digital good stores and other updates coming in the following weeks.

NXT and the assets are very good buys right now as the whales are going to send NXT back up to 8 cents, imo.  You just have to sell before they do.

[makoto1337]

Looks like normal range to me.  NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.

The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends.  Everyone seems to be unloading their NXT.

 It's a dump and pump.  NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8.  They did the exact samething back in April by crashing NXT down to 2 cents and then profiting immensely when it rebounded to 8 cents.

What is the feature on August 8?

[makoto1337]

Looks like normal range to me.  NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.

The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends.  Everyone seems to be unloading their NXT.

 It's a dump and pump.  NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8.

A lot of the old school NXTers made a killing when they crashed down NXT to 2 cents in April and then had it rebound to 8 cents after the asset exchange.  They're just repeating an old trick.

Per usual I disagree with everything that you just said.

The price of NEM is now below its 30-day moving average; I don't know how you define the word normal but its different from how I and the rest of the chart-reading world does.

The price of NEM has been falling _in addition to_ the price of NXT falling (in addition to BTC). It was a nice theory that they should be inversely correlated but that's not how its playing out.

At this point its extremely risky behavior to purposefully drive the price of a coin down hoping that you can buy in "cheap," as most coins regardless of how good or useful they are tend to go _down_ in value.

Frankly I'd like to believe the part about NXT rebounding to 7-9 cents, but with the addition of NEM, Ethereum, MaidSafe, BlackHalo and now Bitshares, there's a lot of other cool stuff happening even among our core subgroup of "innovation-seeker" nerds.

NXT is going to have to put on quite a laser light show with fireworks in order to re-harness everybodys splintered attentions.

I'ld be really surprised if NXT does not rebound.

Klee himself admitted that almost all his funds were moved into BTC, I imagine that's true for other NXT whales - they go back and forth between BTC and NXT.   When the price of NXT is "good" for them, such as now where NXT looks like it might hit 3-something cents in a week, they'll go all in and send NXT rebounding right after the content releases.

After all it's been done several times already.  It's an old fashion pump and dump that you see all the time in coins with low volume and wealthy benefactors.  NXT has plenty of millionaires who owe their existence to that coin and have no problem engaging in a bail out (and profiting) coinciding with major releases like the asset exchange and soon-to-be digital good stores and other updates coming in the following weeks.

NXT and the assets are very good buys right now as the whales are going to send NXT back up to 8 cents, imo.  You just have to sell before they do.

I think your analysis is correct. NXT looks to me like the price is being manipulated.

[TaunSew]

I only sporadically look at NXT but apparently the Digital Goods Store is coming out on August 8 I think (maybe it's been delayed again) and other similar overhauls.  There's going to be some sort of rebound as that kind of news always triggers hype / speculation buying.

[nutildah]

NXT and the assets are very good buys right now as the whales are going to send NXT back up to 8 cents, imo.  You just have to sell before they do.

Alright, you made your call, we'll see what happens.

What made you decide to start capitalizing NXT correctly? By your last couple posts I am guessing it must be your newfound love of NXT.