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

[greentea]

So the price ATM is ~ $.46 but Coincheck agreed to payout $ .82 XEM that was lost.

So these owners have the ability to almost double their holdings if current price holds?

[wiser]

So when is Catapult going to be released (for public). It's been over a year now. Before 4k tps seems a lot, but now you hear 1 million tps  i think NEM missed that boat. I'm still a believer, but having that hack is a sh***y PR that is not needed. We need catapult now. We hear NDA's are signed so no one can talk about what is being tested (i totally understand), Just curious to know how many company's signed NDA's, I want to know if there are actually a lot of companies trying out NEM Tech.   

I don't think it will matter one bit with the market the way it is right now.
With btc dragging everything down NEM could announce some major partnership and it wouldn't amount to anything because of the overall market being in the toilet.

Best to wait until things improve and hopefully they can capitalize on the rebound.

Yes the tide right now isn’t good. Endless regulatatory headlines.

Amazing how the government won’t provide healthcare, education, basic services-you’re on your own for that but suddenly they want to “protect” you in crypto.

I really don’t mind a selloff if it’s a healthy correction but my obvious worry is that after a pounding of this magnitude things may not recover for a long time (twice bitten etc etc). What does everyone think?

I think you might be right about the prices being depressed for a while, which I guess is depressing LOL. The problem with the last price spike may have been that it happened too quickly, and I hear about people mortgaging their properties and such to get in, which is always bad news, the classic signs of a bubble. When price goes up fast, it can fall just as quickly.

I'd like to see a recovery, and if you follow the NEM News telegram channel, for every bit of bad news, there's five or six good news items so NEM really is continuing to truck along, so I have no doubt a price recovery is in the future. I'd just like to see it happen more slowly. A nice, steady increase of one or two cents a day, with long periods of the price staying the same, would be perfect for me. That gives people lots of chances to buy in, and those who need to sell for any reason can count on getting a decent deal. That's what you want in a coin. Stability with a general trend upwards.

To really get there, I think we're going to need to see some XEM/fiat direct markets open up. As long as any coin has to go through Bitcoin, then it's going to be stuck rising and falling with Bitcoin, and that really stinks, to be honest.

[niknik1966]

And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.

[mattadc]

Version numbers do not refer the completion level. 0.x version can be quite ready, 95 %, but it is not officially published.
What is now missing from NEM ?

Is that an essential feature ?

There are always some features to be added, but when can be said that the software is "ready" ?

I dunno what these people coming out with this 'not ready' shit are smoking. Bitcoin was up for sale for years at 0.whatever.

I don't know why it isn't on more exchanges, but ground is being lost needlessly. I have no idea why some people think it's good thing not to be over with as many people as possible.

NEM is still in experimental phase. Do you really want thousands, even millions, of people flocking to a platform that is still experimental?

It doesn't sound like a good idea when we even haven't left beta stage, this tech will manage people's literal finances which affect their daily lives. Developers have to make sure it's extra secure and stable.

It will be ready when it will be ready and when that happens more exchanges/people/companies will pick up NEM.

EXPERIMENTAL ?


HMMM ...
Crypto currencies have something common, which they don't tell openly.


The essential characteristics of different things:

https://en.wikipedia.org/wiki/Shark
Sharks can travel 70 to 80 km in a day.


https://en.wikipedia.org/wiki/Tiger
tigers can reach speeds of about 49–65 km/h


https://en.wikipedia.org/wiki/Sun
The orbital speed of the Solar System about the center of the Milky Way is approximately 251 km/s


or other essential characteristic
https://en.wikipedia.org/wiki/Passive_house
a passive house typically loses less than 0.5 °C (1 °F) per day (in winter)



Nevertheless these wikipedias don't give that or any essential information
https://en.wikipedia.org/wiki/Bitcoin
https://en.wikipedia.org/wiki/Litecoin
https://en.wikipedia.org/wiki/NEM_(cryptocurrency)
https://en.wikipedia.org/wiki/Monero_(cryptocurrency)
https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

Why they don't?

These sites give the speed information. And it isn't good for crypto currencies!

https://finance.yahoo.com/news/cryptocurrencies-fastest-transaction-speeds-130600579.html
Total transactions per second:
    Visa: 24,000
    Ripple (CCC: XRP-USD): 1,500
    PayPal: 193
    Bitcoin Cash (CCC: BCH-USD): 60
    Litecoin (CCC: LTC-USD): 56
    Dash (CCC: DASH-USD): 48
    Ethereum (CCC: ETH-USD): 20
    Bitcoin (CCC: BTC-USD): 7



https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)



Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second


Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.



Another intersting question rises?
Why LemonAndFries didn't explain why NEM and other crypto currencies are experimental though it would have been so easy.
The reason might be that LemonAndFries do want to spread uncertainty that makes it easier to manipulate crypto users ?
LemonAndFries is part of hte small group of Bitcoin Billionaires, who just give us the information which is useful for
manipulation of the ongoing P or D.

And LemonAndFries likes to give us somethinh savory, sour and salty.

[mattadc]

do know what happened to huge amount stolen from coincheck xem? are the stolen coin addresses available? Have the coins already been dropped on exchanges?

All funds are traceable and NEM foundation is marking all accounts with the stolen funds.
only about 1100 XEM has been moved around AFAIK, and no XEM has been moved to any exchanges yet.

I think the thieves will have a very difficult time cashing out. Five percent of the entire NEM supply has been effectively taken out of circulation. I mean, it can technically "circulate," but it's tainted.

My guess is the exchange and hacker will reach some kind of settlement with regards to this stolen NEM. Seems like an impasse at the moment, but perhaps there are talks going on that aren't public already.

Very possible, that sort of thing would not be disclosed at this time.

Yeah. And for the people new to crypto-land, the precedence here was set by NXT when a hacker stole a bunch from BTER. https://www.ccn.com/fifty-million-nxt-stolen-bter-cryptocurrency-exchange-ransomed-hacker/. They seem to have negotiated a fee of 100 BTC and the hacker returned the NXT to the exchange. It is possible that a similar scenario might unfold here. It would seem to be in everyone's best interest if such a thing happens though - the hacker can get some reward (call is a 'security bounty') and the exchange gets its crypto back.

Really depends on if its an inside job or not i guess?

I suspect someone inside the company may have had access.
Still blows me away that they kept that much funds in one hot wallet.
At least 300M XEM was theirs that they bought in 2016 also. Dunno why that even needed to be in the same wallet.

Definitely inside job !

Some one/s made the wallet bigger and bigger for only that purpose. To blow as much as possible.
Maybe he / they know that Bitcoin is crashing.
Maybe he / they know that new restrictions coming for bitcoin from many Governments.

It's all in thr book.

[asdlolciterquit]

Hi everyone, i want to transfer my xem on my new trezor. The problem is that i really don't know how to do it. Is there any guide some where? Can anybody help me?

Thanks in advance.

https://www.youtube.com/watch?v=nPi7Xzn5Tq0&feature=youtu.be

Waffle until 2.30

thank you for this link. I have a question: after i've login my nemwallet with my trezor, in the future i can access my nem wallet only with my trezor?

[gentlemand]

thank you for this link. I have a question: after i've login my nemwallet with my trezor, in the future i can access my nem wallet only with my trezor?

Correct. That's the idea.

If Trezor disappears or you lose yours and can't afford another one you can get a private key from the Trezor seed with this - https://github.com/saleemrashid/nem-trezor-standalone  but obviously only do that if absolutely necessary and only on a very, very offline computer.

And then you can restore your XEM by opening a conventional private key nano wallet with that private key. There might be a nano seed wallet sometime, but there's no mention of it yet.

[jelin1984]

BIG NEM NEWS


Japan’s First Online Bank Tests Blockchain Technology with mijin and Hyperledger



http://mijin.io/en/1370.html

[nzminer]

So when is Catapult going to be released (for public). It's been over a year now. Before 4k tps seems a lot, but now you hear 1 million tps  i think NEM missed that boat. I'm still a believer, but having that hack is a sh***y PR that is not needed. We need catapult now. We hear NDA's are signed so no one can talk about what is being tested (i totally understand), Just curious to know how many company's signed NDA's, I want to know if there are actually a lot of companies trying out NEM Tech.   

I don't think it will matter one bit with the market the way it is right now.
With btc dragging everything down NEM could announce some major partnership and it wouldn't amount to anything because of the overall market being in the toilet.

Best to wait until things improve and hopefully they can capitalize on the rebound.

Yes the tide right now isn’t good. Endless regulatatory headlines.

Amazing how the government won’t provide healthcare, education, basic services-you’re on your own for that but suddenly they want to “protect” you in crypto.

I really don’t mind a selloff if it’s a healthy correction but my obvious worry is that after a pounding of this magnitude things may not recover for a long time (twice bitten etc etc). What does everyone think?

I think you might be right about the prices being depressed for a while, which I guess is depressing LOL. The problem with the last price spike may have been that it happened too quickly, and I hear about people mortgaging their properties and such to get in, which is always bad news, the classic signs of a bubble. When price goes up fast, it can fall just as quickly.

I'd like to see a recovery, and if you follow the NEM News telegram channel, for every bit of bad news, there's five or six good news items so NEM really is continuing to truck along, so I have no doubt a price recovery is in the future. I'd just like to see it happen more slowly. A nice, steady increase of one or two cents a day, with long periods of the price staying the same, would be perfect for me. That gives people lots of chances to buy in, and those who need to sell for any reason can count on getting a decent deal. That's what you want in a coin. Stability with a general trend upwards.

To really get there, I think we're going to need to see some XEM/fiat direct markets open up. As long as any coin has to go through Bitcoin, then it's going to be stuck rising and falling with Bitcoin, and that really stinks, to be honest.

Bitcoin may have been a bubble, but its only the noobs who start investing that get burnt.
Meanwhile alternatives to Bitcoin such as NEM have far greater potential and more room for growth than Bitcoin.
Biggest problem was Bitcoin was getting most of the media attention and when Bitcoin crashes, it brings everything else down with it.
Cryptocurrency and blockchain are gaining much more media attention in recent weeks which is good as we dont want everyone putting all their money into Bitcoin alone, its wise to diversify their investments.

[ruletheworld]

So when is Catapult going to be released (for public). It's been over a year now. Before 4k tps seems a lot, but now you hear 1 million tps  i think NEM missed that boat. I'm still a believer, but having that hack is a sh***y PR that is not needed. We need catapult now. We hear NDA's are signed so no one can talk about what is being tested (i totally understand), Just curious to know how many company's signed NDA's, I want to know if there are actually a lot of companies trying out NEM Tech.   

I don't think it will matter one bit with the market the way it is right now.
With btc dragging everything down NEM could announce some major partnership and it wouldn't amount to anything because of the overall market being in the toilet.

Best to wait until things improve and hopefully they can capitalize on the rebound.

Yes the tide right now isn’t good. Endless regulatatory headlines.

Amazing how the government won’t provide healthcare, education, basic services-you’re on your own for that but suddenly they want to “protect” you in crypto.

I really don’t mind a selloff if it’s a healthy correction but my obvious worry is that after a pounding of this magnitude things may not recover for a long time (twice bitten etc etc). What does everyone think?

I think you might be right about the prices being depressed for a while, which I guess is depressing LOL. The problem with the last price spike may have been that it happened too quickly, and I hear about people mortgaging their properties and such to get in, which is always bad news, the classic signs of a bubble. When price goes up fast, it can fall just as quickly.

I'd like to see a recovery, and if you follow the NEM News telegram channel, for every bit of bad news, there's five or six good news items so NEM really is continuing to truck along, so I have no doubt a price recovery is in the future. I'd just like to see it happen more slowly. A nice, steady increase of one or two cents a day, with long periods of the price staying the same, would be perfect for me. That gives people lots of chances to buy in, and those who need to sell for any reason can count on getting a decent deal. That's what you want in a coin. Stability with a general trend upwards.

To really get there, I think we're going to need to see some XEM/fiat direct markets open up. As long as any coin has to go through Bitcoin, then it's going to be stuck rising and falling with Bitcoin, and that really stinks, to be honest.

The problem though is crypto is inherently going to be very volatile no matter how you cut it. Sure, it would be nice to see 1-2 cent growth a day for a while, but that's just not how things work.

Especially a coin like NEM, which has a limited supply without new coins being created, the price is driven purely by demand and supply, i.e. if the price increases, there is no way to somehow go and 'get more NEM' which would curb the enthusiasm. This means it is pure animal spirits in either direction, up and down.

The other thing is, the fortunes of NEM and other cryptos are pretty correlated with each other. This means things happening outside of the NEM ecosystem can have a significant effect on the price.

[bitofc]

Japan’s First Online Bank Tests Blockchain Technology with mijin and Hyperledger



Source: http://mijin.io/en/1370.html

[fragout]

I believe that catapult is not far away

If Catapult was ready tomorrow, they should hold it back. This would be the worst possible time to release it and would be a non-event. The fact is if bitcoin doesn't mount a recovery (over 10k would do), the whole crypto scene will be in the doghouse for another year at least.

[gentlemand]

If Catapult was ready tomorrow, they should hold it back. This would be the worst possible time to release it and would be a non-event. The fact is if bitcoin doesn't mount a recovery (over 10k would do), the whole crypto scene will be in the doghouse for another year at least.

There's no way they'd hold it off for months purely to excite traders. That's never been how they drop things. It'll happen when it's ready and not before or after.

[MoneyJ]

NEM wallet on bittrex is not functioning. I have tried to withdraw my XEM to my wallet and it is still on maintenance status. What is the problem with NEM or bittrex? Hopefully it will resume operation as soon as possible.

[Flodner]

It would be good if anybody can share here your harvesting experience. 10 000 XEM is needed (minimum) for the harvesting process, and now when XEM fell in price as all crypto - investing this or bigger amount can be good investment.
While supernode (3 mln XEM is needed) is very hard to afford.

[gentlemand]

It would be good if anybody can share here your harvesting experience. 10 000 XEM is needed (minimum) for the harvesting process, and now when XEM fell in price as all crypto - investing this or bigger amount can be good investment.
While supernode (3 mln XEM is needed) is very hard to afford.

It's totally hit and miss. You might get a few hundred on your first block or nothing for months. I wouldn't bother buying 10,000 with the expectation of making thousands more. It's a bonus for already holding coins, not the primary reason to buy them.

[onionpealer]

NEM wallet on bittrex is not functioning. I have tried to withdraw my XEM to my wallet and it is still on maintenance status. What is the problem with NEM or bittrex? Hopefully it will resume operation as soon as possible.

I wouldn't worry about it, Bittrex, and all other exchanges, will occasionally put a wallet into 'maintenance', usually if there is an update to be done to the wallet.

[Soloha]

It would be good if anybody can share here your harvesting experience. 10 000 XEM is needed (minimum) for the harvesting process, and now when XEM fell in price as all crypto - investing this or bigger amount can be good investment.
While supernode (3 mln XEM is needed) is very hard to afford.

per month....
Vested balance - 0 .... 30500 XEM
Harvested blocks - 2
Fees earned - 1,05 XEM

[nemwanderer]

If Catapult was ready tomorrow, they should hold it back. This would be the worst possible time to release it and would be a non-event. The fact is if bitcoin doesn't mount a recovery (over 10k would do), the whole crypto scene will be in the doghouse for another year at least.

There's no way they'd hold it off for months purely to excite traders. That's never been how they drop things. It'll happen when it's ready and not before or after.

Soon would be nice.

Though it may not matter, this selloff seems so endless that even if the market stabilizes (which it probably will eventually) it will enter a deep funk perhaps for years. Damn shame really.

I suppose your original advice to look to 2020 is our small consolation.

[nzminer]

If Catapult was ready tomorrow, they should hold it back. This would be the worst possible time to release it and would be a non-event. The fact is if bitcoin doesn't mount a recovery (over 10k would do), the whole crypto scene will be in the doghouse for another year at least.

There's no way they'd hold it off for months purely to excite traders. That's never been how they drop things. It'll happen when it's ready and not before or after.

I agree, besides if catapult gets released in the middle of this bear market it will show that NEM has serious fundamentals and will give us an early boost before the bulls get going again.