SweetHodler
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Activity: 178
Merit: 10
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June 28, 2017, 02:30:54 PM |
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To be honest I am worried about NEM. I got in pretty early, but for last month or so I am often times asking myself "what are we offering that other currencies do?". I really hope some good news and development happen and NEM train keeps going.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Polcrack
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Activity: 280
Merit: 100
Just Believe in trusted/transparents Proyects
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June 28, 2017, 02:45:05 PM |
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I love the criptocurrence world
Xem gooo !!!
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Many people scamer with Icos and shitcoins, Invest with intelligence
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McDoxy1
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June 28, 2017, 02:46:22 PM |
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To be honest I am worried about NEM. I got in pretty early, but for last month or so I am often times asking myself "what are we offering that other currencies do?". I really hope some good news and development happen and NEM train keeps going.
Uhm ... Catapult, $40 million expansion plan, proposals for NEM framework and new marketing initiative? All of those are pretty huge in itself. |
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crypto research
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June 28, 2017, 03:09:51 PM |
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To be honest I am worried about NEM. I got in pretty early, but for last month or so I am often times asking myself "what are we offering that other currencies do?". I really hope some good news and development happen and NEM train keeps going.
Good price. |
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rajc
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June 28, 2017, 03:11:22 PM |
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looks like the markets are starting to rebound today, so that's good.
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.
So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?
what is everyone's thoughts?
Because since around 6 months ago, lots of "not so smart money" began entering crypto market. Most of the daytraders now dont understand technology, the just see numbers on markets. Since nem has "no maeketing" ( which means no hype on crypto forums ) there is no volume. I actually think, lots of money from online gambling sites is flowing strait to shitcoins through poloniex. |
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greentea
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Activity: 1418
Merit: 1002
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June 28, 2017, 03:36:16 PM
Last edit: June 28, 2017, 03:49:29 PM by greentea |
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looks like the markets are starting to rebound today, so that's good.
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.
So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?
what is everyone's thoughts?
lack of exchanges is a big reason IMO. Check ETH's market vs. NEM's (300+ vs. 17) http://coinmarketcap.com/currencies/ethereum/#marketshttp://coinmarketcap.com/currencies/nem/#marketsKorea's exchanges such as Bithumb, Coinone, and Korbit are driving huge volumes these days, and no NEM on these ... Anyway, the NEM Foundation Global Expansion is big news! https://coinjournal.net/nem-io-foundation-unveils-us40-million-global-expansion-plan/"Other initiatives part of the partnership include the development of a cryptocurrency exchange for the NEM ecosystem. Blockchain Global previously built ACX.io, Australia’s largest Bitcoin exchange by volume."Shows they continue to focus on Blue Ocean strategy ... |
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Tehfiend
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June 28, 2017, 04:10:23 PM |
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looks like the markets are starting to rebound today, so that's good.
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.
So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?
what is everyone's thoughts?
lack of exchanges is a big reason IMO. Yep, lack of exchanges and margin trading. Basically XEM is not "day traded" like other currencies which is what drives most of the volume. The lack of a hardware wallet discourages less tech savvy investors that might want to take a long position without leaving their assets in an exchange. I'm amazed at the marketcap despite this environment which will improve over time as adoption increases. I was hoping to acquire more XEM at 5000 satoshi's but it doesn't look like it's going to get down there and this news isn't helping me!  |
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BitcoinArsenal
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June 28, 2017, 05:59:25 PM |
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NEM really has a strong base in South East Asia. A fast-growing region that still has many weaknesses in building property structures, such as a land registry. Therefore, the blockchain there is a particularly great opportunity to establish. I mean the right step of NEM to strenghen at this region. However, you should also have other regions in view. For example India. There are similar problems and the potential is much higher. In addition, India has a vibrant IT technology with which to set technological partnerships. |
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McDoxy1
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June 28, 2017, 06:28:11 PM |
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Some new inside scoops from solix78, who helps building NEMs presence in the US. This was just posted on telegram.
I wanted to post it here because it has some very important points and it's very well said.
Guys... I know everyone is belly aching over price... but I assure you there is a huge volume of institutional itnerest going on. We aren't currently equipped to respond to the fire hose of interst. We are working to change that as outlined in this organizational transition stuff you hear about, but this doesn't happen in 24 hours. Dealing with cryptos intersecting with business, especially in the US, is very difficult. Finding knowledgable resources at the law and accounting level that can help take on the legal stuff is difficult. We are having to crawl lots of professional resources to identify good partnership for the long haul.
NEM has always ran lean and mean, as you know.
Additionally, some of North American folks are doing a really stellar job working on things like org charts and self sustained funding... certified solution integration franchising and so forth. Most os uf working hard on this stuff come out of fortunte 50 IT and engineering for global companies and are applying t he same rigors.
I promise you folks like myself that are involved are going 100% professional or going home.
I'm either going to succeed or fail.
I want to see NEM compete with the same level of professionalism and sucess as any other technology vendor in big business (IBM, Oracle, Microsoft, etc.)
I think the problem is a lot of people here are looking at our public facet (reasonable), and that's not going to blow anyone away. We are back in the enterprise focusing on solution integration for large companies.
Evenetually we will come full circle back to the public sector the way people use Java on the desktop or whatever.
But if you want to focus on uptake you need use cases.
And use cases primarily come out of the commercial sector unless your only value proposition is "Store of value" in which case Bitcoin is crushing most people most of the time.
Bitcoin is BitGold, and that's cool, and I'm fine with that. But if you want to build the decentraelized Internet you need a whole lot more than value routing. We are focusing on that as a platform, but it requires relationships in the commerical sector.
Guys... these ICOs building "banking in a box"... that's not how it works. I have been talking to a lot of financial institutions and most of them will tell you they have business rules. It's ridiculous t o think Bank of America has the same business rules as Wells Fargo. Yes... if you want to be extreme you can say Bitcoin will be M2 money and replace banking all together, but there is a lot more to the financial sector than just storing value.
Insurance, loans, so forth... these ICOS pressing this have white papers, but not 100 years of experience dealing in the industry. If we find a middle ground where these companies can continue to operate with their LOBs and relationships but retool their infratstructure on blockchain to reduce churn, cost, and friction of their business as it relates to the end user, it's a win. And these people will want to build these systems themselves based on their business rules.
THis is the attack vector NEM is taking and I'm not sure anyone else is doing this. Even Ethereum's "enterprise offering" is losing toe to toe with NEM in some tests in the industry. NEM was looking at this in 2014... we have a few years head start there. A lot of the other platforms are treating throughput and scalability as an after thought.
If anyone is pressing F5 every day to see nem "price" and despairing, go trade ETC. If anyone here is holding nem because they think some time down the road this stuff will integrate with the comemrcial sector and the public chain will have value, yeah, put it in a "drawer" and close it and check back in 6 months. I don't know what else to tell you guys.
You guys have to remember, if you win the commercial sector, the public sector is easy.
It's like "Bank of America is building on NEM APIs, why aren't you?"
It will be like "hey everyone is using Java, why are you using some weird Fortran 77 strack fory our app"
And remember, when developers for blockchain start to become mainstream, these resources will float around. Some guy that wrote against NEM APIs in a big business will go to some small start up and do it for a public facing project.
But the traianing and intellectual property will be funded by big enterprise. This has long been true.
I understand there are grassroots languages and frameworks that become popular in the developer community (GoLang I guess), but there are languages that dominate big business. We want to position NEM to be an enterprise grade stack. This is why I'm very supportive of what @kstellana is doing with the framework. That will be akin to the Spring framework with Java, and we need to support his efforts in the community to get help dveloping tools like that that make development easier for guys like me that already know how to do restful stuff but don't want to learn all the internals of signing a transition. We want to do that once, and audit the code, and give it to the community and not have to have them wonder if they are doing that part right. |
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jubalix
Legendary
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Activity: 2618
Merit: 1022
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June 29, 2017, 01:31:30 AM |
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One wonders what the most effective use of advertising / marketing is
now imagine a 40M buy wall on polo Versus other options.
Which one would get the most attention......
I kinda think the one with 10000 Bitcoins plus on polo, would probably be one of the most effective form of marketing......as everyone would be writing about it.
Also why did they choose Malaysia, proximity to singapore and less cost?
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Tehfiend
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June 29, 2017, 03:03:50 AM |
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One wonders what the most effective use of advertising / marketing is
now imagine a 40M buy wall on polo Versus other options.
Which one would get the most attention......
I kinda think the one with 10000 Bitcoins plus on polo, would probably be one of the most effective form of marketing......as everyone would be writing about it.
Also why did they choose Malaysia, proximity to singapore and less cost?
That is not marketing. Putting up big buy walls in an attempt to raise the price is basic market manipulation, leave that to the pump and dump whales. That 40M is raised by selling XEM out of the marketing fund. Turning around and buying them back isn't going to make any headlines, especially when daily volume of all crypto is over 4 billion. NEM's approach is the "blue ocean strategy" so the best marketing would be to raise awareness of NEM's capabilities and advantages over other blockchain platforms to increase adoption and take it mainstream. |
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McDoxy1
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June 29, 2017, 07:53:45 AM |
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One wonders what the most effective use of advertising / marketing is
now imagine a 40M buy wall on polo Versus other options.
Which one would get the most attention......
I kinda think the one with 10000 Bitcoins plus on polo, would probably be one of the most effective form of marketing......as everyone would be writing about it.
Also why did they choose Malaysia, proximity to singapore and less cost?
NEM wants to get more enterprises and developers on board. Do you really think a buy wall is gonna change anything in that regard? You get there by good old fashioned business development. |
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No Nem
Newbie
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Activity: 22
Merit: 0
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June 29, 2017, 07:59:43 AM |
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STOLEN XEM FROM ANDROID WALLET
Guys I have been keeping a few thousands coins in Android wallet for about two months. I loged in yesterday after couple of weeks of non activity and found ZERO balance.The coins has been stolen. My transaction history shows that first amount of 10 NEM was withdrawn and two minutes after whole balance!!!
It is mobile app for android.I never lost it and noone ever had access to wallet except me. Private key I keep in secure off line place and use strong password to log in. How someone can get access and withdraw funds???
This info I found in security section in the wallet.
Version:
1.0.66 BETA-Mainnet
Warning - this is development version and it can send to developers some sensitive information like transactions and/or encryption keys.
No private keys or passwords are being sent.
Does anyone of you have any experience with malicious software.Is it unnoticeable. I was online when coins was stolen.My device is protected. Allowing installation from unknown sorces was disabled . I did not installed any other apps for the last couple of weeks. How malicious software can get access to app protected with very strong password and the most disturbing why developers of this wallet do not respond to this issue. I posted it on many places.
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revelacaogr
Legendary
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Activity: 1316
Merit: 1021
2009 Alea iacta est
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June 29, 2017, 08:37:17 AM |
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McDoxy1
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June 29, 2017, 08:39:02 AM |
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STOLEN XEM FROM ANDROID WALLET
Guys I have been keeping a few thousands coins in Android wallet for about two months. I loged in yesterday after couple of weeks of non activity and found ZERO balance.The coins has been stolen. My transaction history shows that first amount of 10 NEM was withdrawn and two minutes after whole balance!!!
It is mobile app for android.I never lost it and noone ever had access to wallet except me. Private key I keep in secure off line place and use strong password to log in. How someone can get access and withdraw funds???
This info I found in security section in the wallet.
Version:
1.0.66 BETA-Mainnet
Warning - this is development version and it can send to developers some sensitive information like transactions and/or encryption keys.
No private keys or passwords are being sent.
Does anyone of you have any experience with malicious software.Is it unnoticeable. I was online when coins was stolen.My device is protected. Allowing installation from unknown sorces was disabled . I did not installed any other apps for the last couple of weeks. How malicious software can get access to app protected with very strong password and the most disturbing why developers of this wallet do not respond to this issue. I posted it on many places.
Never store a lot of coins on your phone. That goes for every crypto out there. Treat your phone like the wallet you take with you outside. You wouldn't take $1000 outside with you, would you? Smartphones are pretty insecure and malware can steal your private keys. I think the private key on the mobile wallet is not encrypted with your password. The password is only there to access the app. But not 100% sure on this. Can you post your NEM address here? Then people can check it out on the blockexplorer. |
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xibeijan
Legendary
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Activity: 1232
Merit: 1001
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June 29, 2017, 08:39:17 AM |
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How's this old project going? Anything new?
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nzminer
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Activity: 1918
Merit: 1001
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June 29, 2017, 08:46:40 AM |
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NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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Zylon
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June 29, 2017, 08:59:39 AM |
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STOLEN XEM FROM ANDROID WALLET
Guys I have been keeping a few thousands coins in Android wallet for about two months. I loged in yesterday after couple of weeks of non activity and found ZERO balance.The coins has been stolen. My transaction history shows that first amount of 10 NEM was withdrawn and two minutes after whole balance!!!
It is mobile app for android.I never lost it and noone ever had access to wallet except me. Private key I keep in secure off line place and use strong password to log in. How someone can get access and withdraw funds???
This info I found in security section in the wallet.
Version:
1.0.66 BETA-Mainnet
Warning - this is development version and it can send to developers some sensitive information like transactions and/or encryption keys.
No private keys or passwords are being sent.
Does anyone of you have any experience with malicious software.Is it unnoticeable. I was online when coins was stolen.My device is protected. Allowing installation from unknown sorces was disabled . I did not installed any other apps for the last couple of weeks. How malicious software can get access to app protected with very strong password and the most disturbing why developers of this wallet do not respond to this issue. I posted it on many places.
Oh man, I am really sorry that this happened to you! It really seems like you have a keylogger on your mobile! But nobody can tell what really happened, because a dev would need your mobile to solve this issue. That would also be the reason why the developers do not respond, and of course they don't have time for that! I am not even sure if they are experts on this issue... If you have coins on your device -don't use it for internet, like surfing etc. -don't use it for email -do not install apps on it Then you must be safe, but of course nothing is for sure! |
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revelacaogr
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Activity: 1316
Merit: 1021
2009 Alea iacta est
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June 29, 2017, 08:59:57 AM |
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NEMid: Securely Sign Into Websites and Apps With Your NEM Account. https://blog.nem.io/nemid/ |
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NorrisK
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Activity: 1946
Merit: 1007
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June 29, 2017, 09:06:50 AM |
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This is some really exciting news. NEM really needs to bump up their marketing and outreach game (outside of the industry partners they are working with and reaching out to) and this is exactly something that does this. |
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