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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2973761 times)
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gembira
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December 31, 2019, 07:11:07 AM
 #38861

Do I have to have XEM coins in personal wallet to receive same amount of new SYM coins? or can I just stay on the online exchange and receive the new SYM coins?

Since there has not been a forking date released yet, there are no information about whether and which exchanges will support the fork. Those information will surely be released before the fork. To make sure, however, you should hold your coins in your wallet.

Why they don't have any date of release? As far as I know Catapult launch should be launched in this year... But it seems they postponed release again?
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December 31, 2019, 03:39:16 PM
 #38862

Do I have to have XEM coins in personal wallet to receive same amount of new SYM coins? or can I just stay on the online exchange and receive the new SYM coins?

I think it would be a good idea to have Your coins in a personal wallet.  Then You can choose to opt in early or wait until later.  No exchanges have said they will do the swap for their customers, and since it is opt in it will be very complicated for them to do so. 

ok, Thanks guys
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January 03, 2020, 11:51:36 AM
 #38863

did the deep pockets form japan? dump on nem 2018? and core devs forgot to exit?
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January 03, 2020, 01:40:54 PM
Last edit: January 04, 2020, 06:00:12 AM by satb
 #38864

The first draft of the Catapult whitepaper is ready for review:

https://nemtech.github.io/catapult-whitepaper/main.pdf

Preview:

"NEM had its humble beginnings as a ”call for participation” on a bitcointalk
thread in January 2014. The cryptospace had just experienced a boom at the
tail end of 2013 - although nowhere near where it would go a few years later
- and there was a lot of enthusiasm in the space. NXT had just launched as
one of the first PoS blockchains, and much of the early NEM community was inspired by
and had connections to the NXT community. This includes all three of the remaining core
developers.

Although there was some initial discussion on what to build, we quickly decided to
create something new from scratch. We wanted to challenge ourselves and see if we could
build something useful. As a result of lots of effort - mostly nights and weekends - this
culminated in the release of NIS1 mainnet in March 2015.We were pleased with what we
built, but knew we took a few shortcuts, and continued improving it. Eventually, we came
to the realization that the original solution would need a rearchitecture to fix some central
performance bottlenecks and allow faster innovation in the future.

We are grateful to TechBureau who provided support for us to build a completely new
chain from scratch - Catapult. We are hopeful that this fixes many of the problems inherent
in NIS1 and provides a solid foundation for future improvements and enhancements. Our
mandate was to build a high performance *blockchain* - not a DAG or dBFT based
system. In this, we think, we succeeded.

This has been a long journey for us, and we hope this is the last blockchain that we
build from scratch. We are excited to see what yet is to come and what novel things you
use Catapult to build. We would like to once again thank the contributors and the many
people who have inspired us. . .

Trustless, high-performance, layered-architecture, blockchain-based DLT protocol -
these are the first principles that influenced the development of Catapult.
While other DLT protocols were considered, including DAG and
dBFT, blockchain was quickly chosen as the protocol most true to the ideal of
trustlessness. Any node can download a complete copy of the chain and can independently
verify it at all times. Nodes with sufficient harvesting power can always create blocks and
never need to rely on a leader. These choices necessarily sacrifice some throughput relative
to other protocols, but they seem most consistent with the philosophical underpinnings of
Bitcoin.

As part of a focus on trustlessness, the following features were added relative to NEM: -
Block headers can be synced without transaction data, while allowing verification of chain
integrity - Transaction merkle trees allow cryptographic proofs of transaction containment
(or not) within blocks - Receipts increase the transparency of indirectly triggered state
changes - State proofs allow trustless verification of specific state within the blockchain. . ."

https://nemtech.github.io/catapult-whitepaper/main.pdf

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January 03, 2020, 08:58:40 PM
 #38865

The first draft of the Catapult whitepaper is ready for review:

https://nemtech.github.io/catapult-whitepaper/main.pdf
....

Thanks for sharing!
Better quote the preview or you could be banned for plagiarizing.

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January 05, 2020, 05:24:13 AM
 #38866

Do I have to have XEM coins in personal wallet to receive same amount of new SYM coins? or can I just stay on the online exchange and receive the new SYM coins?

I think it would be a good idea to have Your coins in a personal wallet.  Then You can choose to opt in early or wait until later.  No exchanges have said they will do the swap for their customers, and since it is opt in it will be very complicated for them to do so. 

ok, Thanks guys

Where can we opt in to participate in the swap please?
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January 05, 2020, 04:22:04 PM
 #38867

The first draft of the Catapult whitepaper is ready for review:



"First draft", 3 years later and this is the best they can come up with. Cheesy Cheesy Cheesy Cheesy

Are they going to release the new coin in phases also? When is phase 1?  Cheesy Cheesy Cheesy Cheesy Cheesy

Pay attention to the warnings.
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January 06, 2020, 01:22:51 AM
 #38868

ICYMI: NEM won for Extensibility (Scaling) in the Blockchain Mainnet Platform category and Council Member Jeff McDonald won the Blockchain Industry's Best Leader at the recent Decentralized People's Awards 2019 held in Korea.


Code: (RESOURCES)
Blockfolio Signal
https://tokenpost.com/TokenPost-identifies-and-awards-blockchain-and-crypto-trailblazers-in-DPA-2019-4592
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January 06, 2020, 09:57:19 AM
 #38869

Anybody paying attention to the silver coin fund?

https://forum.nem.io/t/silver-coin-project/2827

It is over 200 million NEM!!

What will happen with this? Did the scammers that took over NEM lose access to the account and now are trying to pass off this Symbol coin as a NEM rebirth so they can have access to the lost funds?

What about Makoto? Why did he abandon NEM and is now working full time on his own project SORA?

Why did all the original developers cash out their NEM funds and are now working on their own projects?

More mysterious questions about NEM foundation true intentions and origins (hint: the NEM foundation of today just showed up one day and offered their managing services, they were never part of the original stake holders or team)
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January 07, 2020, 01:51:09 AM
Last edit: January 07, 2020, 02:48:20 AM by gsxrl3oi
 #38870

quit the nonsense just distribute the silver funds to the original stakeholders that's the best way. We have been here since the
beginning trying and testing the tech before it went live. We deserve it. you have the list.

i feel like nem funds are being hijacked to further another project.
How about the original stakeholders get the same amount of CAT as well.
Now they're using nem money to enrich themselves. (I can be wrong of course).
Re-branding NEM means they created something new will that mean now they have full say and
control of NEM funds?
It must be nice to fund projects not using your own money to begin with.
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January 09, 2020, 06:41:57 PM
 #38871

From the final development contract notice dated March 31st 2015 (https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view)

2.1.2 Silver Coins for Distribution to Initial Stakeholders

Based on community consensus, physical silver coins will be minted and distributed
to initial NEM stakeholders .


The silver coins shall be distributed as an asset (colored coin), effectively giving all
initial stakeholders a parallel, silver-backed digital currency that shall reside on the
NEM blockchain. To claim one physical silver coin, one whole silver coin asset is
needed.
Note: ​The execution of the silver coin project is not guaranteed and will only proceed
providing that XEM market cap and liquidity are sufficient to cover the expenses with
the allocated stakes. If this condition is met, all initial stakeholders will be issued
their silver coin asset. If the allocated stakes do not reach a high enough value to
fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is
released, the complete fund will be transferred to the community fund. "A high
enough value" can not be exactly fixed at this time, but to get a feeling: it is
estimated that the fund should reach at least USD 260,000 to be successful.

There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund

Even at today's price that is worth approx $7.5M (more than the $260K noted above).

If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each.



I hadn't read this, or perhaps I just forgot.  Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy.  As much as it would be great to just split up the xem and send send it to original stake accounts,  it seems like adding the silver fund to the community fund is inevitable.
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January 10, 2020, 12:22:19 AM
 #38872

From the final development contract notice dated March 31st 2015 (https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view)

2.1.2 Silver Coins for Distribution to Initial Stakeholders

Based on community consensus, physical silver coins will be minted and distributed
to initial NEM stakeholders .


The silver coins shall be distributed as an asset (colored coin), effectively giving all
initial stakeholders a parallel, silver-backed digital currency that shall reside on the
NEM blockchain. To claim one physical silver coin, one whole silver coin asset is
needed.
Note: ​The execution of the silver coin project is not guaranteed and will only proceed
providing that XEM market cap and liquidity are sufficient to cover the expenses with
the allocated stakes. If this condition is met, all initial stakeholders will be issued
their silver coin asset. If the allocated stakes do not reach a high enough value to
fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is
released, the complete fund will be transferred to the community fund. "A high
enough value" can not be exactly fixed at this time, but to get a feeling: it is
estimated that the fund should reach at least USD 260,000 to be successful.

There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund

Even at today's price that is worth approx $7.5M (more than the $260K noted above).

If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each.



I hadn't read this, or perhaps I just forgot.  Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy.  As much as it would be great to just split up the xem and send send it to original stake accounts,  it seems like adding the silver fund to the community fund is inevitable.


I agree the actual silvercoin thing is not a runner anymore but the fund should then be given back to the original stakeholders as it was taken from their original allocation in the first place.
 What I suspect will happen though is noting and the fund will rot in the old Nem chain. The new catapult chain will have no such allocations. So they will grab all the dev funds, silvercoin funds, unclaimed stake funds and every other coin that is not claimed on the new chain.
The big flaw in their logic though is they will probably end up killing the whole Nem project and all these millions of coins will be worth zip.
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January 10, 2020, 01:56:50 AM
 #38873

From the final development contract notice dated March 31st 2015 (https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view)

2.1.2 Silver Coins for Distribution to Initial Stakeholders

Based on community consensus, physical silver coins will be minted and distributed
to initial NEM stakeholders .


The silver coins shall be distributed as an asset (colored coin), effectively giving all
initial stakeholders a parallel, silver-backed digital currency that shall reside on the
NEM blockchain. To claim one physical silver coin, one whole silver coin asset is
needed.
Note: ​The execution of the silver coin project is not guaranteed and will only proceed
providing that XEM market cap and liquidity are sufficient to cover the expenses with
the allocated stakes. If this condition is met, all initial stakeholders will be issued
their silver coin asset. If the allocated stakes do not reach a high enough value to
fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is
released, the complete fund will be transferred to the community fund. "A high
enough value" can not be exactly fixed at this time, but to get a feeling: it is
estimated that the fund should reach at least USD 260,000 to be successful.

There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund

Even at today's price that is worth approx $7.5M (more than the $260K noted above).

If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each.



I hadn't read this, or perhaps I just forgot.  Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy.  As much as it would be great to just split up the xem and send send it to original stake accounts,  it seems like adding the silver fund to the community fund is inevitable.


I agree the actual silvercoin thing is not a runner anymore but the fund should then be given back to the original stakeholders as it was taken from their original allocation in the first place.
 What I suspect will happen though is noting and the fund will rot in the old Nem chain. The new catapult chain will have no such allocations. So they will grab all the dev funds, silvercoin funds, unclaimed stake funds and every other coin that is not claimed on the new chain.
The big flaw in their logic though is they will probably end up killing the whole Nem project and all these millions of coins will be worth zip.

Who thinks they have the authority to change the original silver coin plan, why don't they show themselves ...

The original stakeholders own the funds, who exactly is planning this theft, what are their names?
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January 10, 2020, 10:36:16 AM
 #38874

Maybe  "LauraBKK", but unfortunately she ´s "Mrs incapable".
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January 10, 2020, 12:54:13 PM
 #38875

Public testnet and Symbol (Catapult) Launch

https://forum.nem.io/t/public-testnet-and-symbol-launch/24154

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January 10, 2020, 01:47:44 PM
 #38876

http://explorer.nemtech.network/blocks

run super smooth Kiss
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January 10, 2020, 10:20:57 PM
 #38877

From the final development contract notice dated March 31st 2015 (https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view)

2.1.2 Silver Coins for Distribution to Initial Stakeholders

Based on community consensus, physical silver coins will be minted and distributed
to initial NEM stakeholders .


The silver coins shall be distributed as an asset (colored coin), effectively giving all
initial stakeholders a parallel, silver-backed digital currency that shall reside on the
NEM blockchain. To claim one physical silver coin, one whole silver coin asset is
needed.
Note: ​The execution of the silver coin project is not guaranteed and will only proceed
providing that XEM market cap and liquidity are sufficient to cover the expenses with
the allocated stakes. If this condition is met, all initial stakeholders will be issued
their silver coin asset. If the allocated stakes do not reach a high enough value to
fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is
released, the complete fund will be transferred to the community fund. "A high
enough value" can not be exactly fixed at this time, but to get a feeling: it is
estimated that the fund should reach at least USD 260,000 to be successful.

There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund

Even at today's price that is worth approx $7.5M (more than the $260K noted above).

If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each.



I hadn't read this, or perhaps I just forgot.  Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy.  As much as it would be great to just split up the xem and send send it to original stake accounts,  it seems like adding the silver fund to the community fund is inevitable.


I agree the actual silvercoin thing is not a runner anymore but the fund should then be given back to the original stakeholders as it was taken from their original allocation in the first place.
 What I suspect will happen though is noting and the fund will rot in the old Nem chain. The new catapult chain will have no such allocations. So they will grab all the dev funds, silvercoin funds, unclaimed stake funds and every other coin that is not claimed on the new chain.
The big flaw in their logic though is they will probably end up killing the whole Nem project and all these millions of coins will be worth zip.

They already killing it slowly. Price is dropping and people dumping every day this coin

https://global.bittrex.com/Market/Index?MarketName=BTC-XEM
 

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January 10, 2020, 10:29:24 PM
 #38878

The new NEM chain (CATAPULT or SYM or whatever that XRP wannabe is) will be completely centralized and private.

Give back the silver coin fund to the angel investors!

The fake NEM Foundation is robbing everyone from their NEM!  Angry
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January 10, 2020, 11:26:35 PM
 #38879

I cannae believe the silver fund thing is still being discussed. There are rather more important things to be focusing on such as whether this project and its descendant has a future other than oblivion.

My own take on the silver thing is I never handed over any money for it or felt any ownership of it, I just got 70-75,000 less XEM and stakeholders paid chump change for what they did receive.

I seem to recall saying it was a fucking stupid idea at the time and my opinion has not wavered. It's been pathetically handled but it'll soon be five years ago and since then literally nothing has been done about it so it clearly never will by this point. They'll intend for the idea of it to fade away. I won't particularly care for one.



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January 11, 2020, 09:47:54 AM
 #38880

https://finance.yahoo.com/news/nem-announces-public-testnet-launch-120000697.html

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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