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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2915107 times)
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February 20, 2018, 08:33:41 PM
 #35861

Can you guys stop crying? The first time a coin flies to hell? Everything will be fine, patience is always rewarded. Start to panic if the price does not react to the release of the Catapult, and until then it is only a temporary drop in prices. Do not forget, the more we fall, the stronger will be the growth. This is one of the most promising projects in the world. Technology is just a bomb. Just a little patience.

This !
It will pass. Patience, guys ! Get yourself some porn in the meantime, it´s what i´m doing  Smiley




might has to be a quite long one though Wink Cheesy

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February 20, 2018, 09:49:42 PM
Last edit: February 20, 2018, 10:01:43 PM by greentea
 #35862

Spotted on Reddit (nothing official)...

Is NEM being used as the platform for the Venezuelan Petro?
https://www.coindesk.com/petro-debut-learned-venezuelas-cryptocurrency-today/
https://www.criptonoticias.com/mercado-valores/gobierno-venezuela-inicia-preventa-privada-criptoactivo-petro/

Buyer's Guide:
http://www.elpetro.gob.ve/docs/MANUAL%20COMPRADOR%20VERSION%20BETA.pdf

Account in Question:
http://explorer.ournem.com/#/s_account?account=NCGBBZKOTERO3EXMPPCNDNDXZQQJXBEMWWO7MB66

However, whitepaper lists ETH as the platform?
http://www.elpetro.gob.ve/Whitepaper_Petro_en.pdf


NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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February 21, 2018, 12:31:26 AM
 #35863

Almost all Altcoins are up but XEM is belly up  Shocked

That's because XEM doesn't really solve any existing problem or actually do anything useful at all.

It's just another vehicle for speculation.  But after the hack and terrible crisis management by its Core devs, XEM is fatally wounded and bleeding out as it dies.

XEM will fade away just like Maidsafe and all the previous pump-and-dump flavors of the month.

  Cheesy
I will quote you very soon, so you can grow and learn by your own ignorance and stupidity

Please explain exactly what problem XEM solves.

Please reconcile this supposed use case with the market cap ranking of XEM sinking below that of Dash AKA Digital Trash.

I'm eager to hear you spin the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing.

In a few months you'll be gone from this forum, and I'll still be here making fun of the next scam that replaces XEM.

I am almost sure (never 100% but almost), that Monero  will be dead much faster than XEM, Ripple, Stellar Lumens or even BTC and BitcoinCash. Full anonymity will be forbidden by the rulers of our world, and crypto will be strictly regulated. There is no room for Monero, Dash, PIVX and even my favoured DeepOnion ( i had some hope in it but now i dont have much) in this world. You probably dont understand technology behind XEM (or dont want to understand), and You believe too much in Your own propaganda about greatness of Monero. Only projects/coins with blessing from the masters of puppets can be succesful. Sheeple will go in the direction chosen by these masters. Dont fool even Yourself, that there is a solution to win with system.

And lack of upmove of XEM in terms of USD is nothing new. Always after downtrend in BTCUSD XEM has problems to move up, but when start finally his move, this move looks like "mooning". So i'am fully relaxed now. Some manipulators can even do flashcrash to 10cents and XEM will be not even wounded. Will be after that pumped even stronger by those, who will buy so cheap.


Why are you rambling about Monero instead of answering my questions regarding "exactly what problem XEM solves" and how you plan to "spin the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing?"  Are you just mad that XEM is now ranked below XMR?

Do you have the faintest idea exactly what problem XEM solves?  If you do, please let the rest of us know.

If you can't spin the the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing, I'd understand.  It did seem fairly indefensible, and the market apparently feels the core devs' appallingly hand-waving self-congratulatory response was worse than the actual hack.


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February 21, 2018, 01:00:46 AM
 #35864

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER Cheesy Cheesy Cheesy Cheesy Cheesy
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February 21, 2018, 01:42:44 AM
Last edit: February 21, 2018, 02:16:47 AM by greentea
 #35865

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER Cheesy Cheesy Cheesy Cheesy Cheesy


https://twitter.com/PresidencialVen/status/966110687310336000


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February 21, 2018, 02:02:18 AM
 #35866

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER Cheesy Cheesy Cheesy Cheesy Cheesy




Wow! That could be a HUGE boost for NEM! The price could sure use a leg up Smiley

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February 21, 2018, 02:14:34 AM
 #35867

Almost all Altcoins are up but XEM is belly up  Shocked

That's because XEM doesn't really solve any existing problem or actually do anything useful at all.

It's just another vehicle for speculation.  But after the hack and terrible crisis management by its Core devs, XEM is fatally wounded and bleeding out as it dies.

XEM will fade away just like Maidsafe and all the previous pump-and-dump flavors of the month.

  Cheesy
I will quote you very soon, so you can grow and learn by your own ignorance and stupidity

Please explain exactly what problem XEM solves.

Please reconcile this supposed use case with the market cap ranking of XEM sinking below that of Dash AKA Digital Trash.

I'm eager to hear you spin the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing.

In a few months you'll be gone from this forum, and I'll still be here making fun of the next scam that replaces XEM.

I am almost sure (never 100% but almost), that Monero  will be dead much faster than XEM, Ripple, Stellar Lumens or even BTC and BitcoinCash. Full anonymity will be forbidden by the rulers of our world, and crypto will be strictly regulated. There is no room for Monero, Dash, PIVX and even my favoured DeepOnion ( i had some hope in it but now i dont have much) in this world. You probably dont understand technology behind XEM (or dont want to understand), and You believe too much in Your own propaganda about greatness of Monero. Only projects/coins with blessing from the masters of puppets can be succesful. Sheeple will go in the direction chosen by these masters. Dont fool even Yourself, that there is a solution to win with system.

And lack of upmove of XEM in terms of USD is nothing new. Always after downtrend in BTCUSD XEM has problems to move up, but when start finally his move, this move looks like "mooning". So i'am fully relaxed now. Some manipulators can even do flashcrash to 10cents and XEM will be not even wounded. Will be after that pumped even stronger by those, who will buy so cheap.


Why are you rambling about Monero instead of answering my questions regarding "exactly what problem XEM solves" and how you plan to "spin the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing?"  Are you just mad that XEM is now ranked below XMR?

Do you have the faintest idea exactly what problem XEM solves?  If you do, please let the rest of us know.

If you can't spin the the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing, I'd understand.  It did seem fairly indefensible, and the market apparently feels the core devs' appallingly hand-waving self-congratulatory response was worse than the actual hack.

You need to get your facts straight.  The hack was not the fault of XEM / NEM code, it was due to the way the Coincheck exchange was coded, it was clearly their fault.

You need to learn more about XEM / NEM.  Youtube is a great resource, you should try it. Here is a video that has an insightful interview on the topic of XEM / NEM and how it compares to ETH which is a less advanced / not as feature rich smart contract platform.

https://www.youtube.com/watch?v=s6wirjoWGz4

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February 21, 2018, 02:16:52 AM
 #35868

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER Cheesy Cheesy Cheesy Cheesy Cheesy




Wow! That could be a HUGE boost for NEM! The price could sure use a leg up Smiley

This is absolutely terrible, if I'm reading it right. NEM is going to issue and back Venezuela's cryptocurrency? That of an autocratic regime seeking to circumvent sanctions and raise money from foreign investors while letting its people starve?
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February 21, 2018, 02:24:36 AM
 #35869

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER Cheesy Cheesy Cheesy Cheesy Cheesy




Wow! That could be a HUGE boost for NEM! The price could sure use a leg up Smiley

This is absolutely terrible, if I'm reading it right. NEM is going to issue and back Venezuela's cryptocurrency? That of an autocratic regime seeking to circumvent sanctions and raise money from foreign investors while letting its people starve?

I don't know that NEM is issuing and backing Venezuela's cryptocurrency, so much as that cryptocurrency *may be* running on the NEM backbone. My understanding is that anyone can code a token to run on the NEM platform. That doesn't necessarily mean it's endorsed by NEM leadership.

I figure a high profile token using NEM is good publicity, even if the people creating the token aren't the best, but I suppose it could be seen as a negative reflection on NEM.

That brings to mind this question: Suppose the issuers of a given token are really bad people, and they run the token off NEM, can the NEM Foundation or NEM leadership actually stop them from doing so? My understanding is the answer is no, but I could be wrong.

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February 21, 2018, 02:26:47 AM
 #35870

Prensa Presidencial‏
@PresidencialVen
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#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER Cheesy Cheesy Cheesy Cheesy Cheesy




Wow! That could be a HUGE boost for NEM! The price could sure use a leg up Smiley

This is absolutely terrible, if I'm reading it right. NEM is going to issue and back Venezuela's cryptocurrency? That of an autocratic regime seeking to circumvent sanctions and raise money from foreign investors while letting its people starve?

I don't know that NEM is issuing and backing Venezuela's cryptocurrency, so much as that cryptocurrency *may be* running on the NEM backbone. My understanding is that anyone can code a token to run on the NEM platform. That doesn't necessarily mean it's endorsed by NEM leadership.

I figure a high profile token using NEM is good publicity, even if the people creating the token aren't the best, but I suppose it could be seen as a negative reflection on NEM.

That brings to mind this question: Suppose the issuers of a given token are really bad people, and they run the token off NEM, can the NEM Foundation or NEM leadership actually stop them from doing so? My understanding is the answer is no, but I could be wrong.

I imagine they can, but I don't know.

I can't image Venezuela could have done this without the help of the NEM team though.

This is pretty horrendous in all honesty. Crypto was meant to defeat such regimes, not enable them. This puts NEM in a horrendous light.
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February 21, 2018, 02:50:50 AM
 #35871


I imagine they can, but I don't know.

I can't image Venezuela could have done this without the help of the NEM team though.

This is pretty horrendous in all honesty. Crypto was meant to defeat such regimes, not enable them. This puts NEM in a horrendous light.

You do raise some good points. I'm not sure "Crypto" has values (ethical or otherwise) on its own. It's a technology and as such would be value neutral and very dependent on the people operating it.

I would be interested in hearing some kind of statement from NEM about its involvement/support of the Venezuelan Petro.

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February 21, 2018, 02:53:28 AM
 #35872

Money talks my friend "give to caesar what belongs to caesar's and unto God the things that are God's"
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February 21, 2018, 03:05:15 AM
 #35873

My idea is simple:
If XEM devs cannot stop stolen token sale it has a big trust problem.
When ETH were stolen there were roll back and coins were defended. ETC stayed in old road with stolen coins and it took 2 ears to recover from it.
I do hope that xem will recover but even I feel that trust were lost and moment till now I do not see any strong XEM dev confirmation that problem will be solve.   Undecided

From what I understood, coincheck itself was the biggest loser of the hack as the biggest part of the stolen XEM belonged to them. The customers that lost XEM get their coins back. Is it really necessary to do a hard fork for a company that created the conditions for the hack itself (by keeping all the coins in a hot wallet).

What is annoying is that, if it is true that already 84 million dollars worth of XEM are laundered, there is still more that 400 million dollars worth of XEM waiting to be laundered.

Let's see what happens in the coming weeks/months. Hopefully the news of catapult being introduced to the world may affect the rate of XEM.

its actually worth only 200 some million now.
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February 21, 2018, 03:05:40 AM
 #35874

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

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February 21, 2018, 03:14:32 AM
 #35875

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

This is disgusting.

Might as well help North Korea launch a coin next.

At least the Twitter post isn’t jubilant like it was about the hack. But still...
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February 21, 2018, 03:16:45 AM
 #35876

This is disgusting.

Might as well help North Korea launch a coin next.

At least the Twitter post isn’t jubilant like it was about the hack. But still...

They can't really do anything to stop it. At least we can be certain that this is one ICO best avoided.

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February 21, 2018, 03:32:43 AM
Merited by gentlemand (2)
 #35877

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

Some of the comments to that post are interesting too. There's one that says the value of having a platform open to all outweighs the risk that some might use it for evil. That's some good food for thought. It's the classic problem with freedom, which is that you (or others) are then free to make the wrong decisions.

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February 21, 2018, 03:48:21 AM
 #35878

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

Some of the comments to that post are interesting too. There's one that says the value of having a platform open to all outweighs the risk that some might use it for evil. That's some good food for thought. It's the classic problem with freedom, which is that you (or others) are then free to make the wrong decisions.

I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.
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February 21, 2018, 03:52:30 AM
 #35879

I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.

I thought your foot was most of the way out the door already. You want even more reasons?

Anyone can download the wallet and APIs and start playing and building. Their transactions can't be stopped either. It's not like IBM selling them a database solution.

As NEMofficial's tweet says -  'The NEM technology is freely open to any individual or organization that wants to use it. The NEM Foundation abstains from political endorsements'

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February 21, 2018, 05:28:22 AM
 #35880

I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.

I thought your foot was most of the way out the door already. You want even more reasons?

Anyone can download the wallet and APIs and start playing and building. Their transactions can't be stopped either. It's not like IBM selling them a database solution.

As NEMofficial's tweet says -  'The NEM technology is freely open to any individual or organization that wants to use it. The NEM Foundation abstains from political endorsements'

The beauty of open source and decentralized systems, I can smell the future and it ain't whatever the Rock is cooking  Cool
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