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

[kelsey]

depressing when your importance slides   do exchanges build up a bs level of importance on the NEM network?

You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.   

no exchange should be gaining POS coins from users funds 

[mill0601]

harvested 7 blocks today all 0. I have been harvesting since the beginning and have only got about 600-800xem or 0.000544btc to me this is the major flaw as there really is no incentive to harvest. My importance is 8.4% which I think is pretty high so I certainly feel bad for those that are 1% or under.

[TaunSew]

depressing when your importance slides   do exchanges build up a bs level of importance on the NEM network?

You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.   

no exchange should be gaining POS coins from users funds 

RIP NEM.  Make exchanges rich and they dump free coins.   

[BloodyRookie]

harvested 7 blocks today all 0. [...]

My Alice node wasn't running today. But it is up now again.

[jabo38]

That Nembex sure looks nice.

[jabo38]

harvested 7 blocks today all 0. [...]

My Alice node wasn't running today. But it is up now again.

That's code for you will now get fees again if you harvest as Alice sends a lot of transactions.

[TaunSew]

Taun give it a rest.

NEM a scam?!   

[sdersdf3]

Taun give it a rest.

NEM a scam?!   

I'm curious - when did you turn on NEM and why? I dont check the board as often as I used to and am genuinely curious.  I thought you were a huge NEM fan.

[zoata87]

Taun give it a rest.

NEM a scam?!  

honestly, i pity you. welcome to ignoretown.

[Eadeqa]

I heard it has been confirmed that patmast3r is Utopian. Seems logical. There is no way UP was just going to disappear.

[Djentriser]

I heard it has been confirmed that patmast3r is Utopian. Seems logical. There is no way UP was just going to disappear.

I heard it has been confirmed that there was no real rebound after NXT crashed.

[Eadeqa]

I heard it has been confirmed that patmast3r is Utopian. Seems logical. There is no way UP was just going to disappear.

I heard it has been confirmed that there was no real rebound after NXT crashed.

And who gives a shit? I don't own millions of nxt.

 Now what about the fact that patmast3r was always Utopian and both he and developers lied to hide his identity?

[ciappa]

I heard it has been confirmed that patmast3r is Utopian. Seems logical. There is no way UP was just going to disappear.

at the time i have talked with UP and he knew i am talking german and he talked to me in english. With patmast3r i am talking in german. Sure, he could have planned to speak english as UP, but I really do not think that UP is Patmast3r...

[kelsey]

depressing when your importance slides   do exchanges build up a bs level of importance on the NEM network?

You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.  

no exchange should be gaining POS coins from users funds  

RIP NEM.  Make exchanges rich and they dump free coins.  

its worse then that if exchanges stake, also you and i send coins we get fees, on the coins we stake we earn (at this point it seems no matter what I do my fees will always exceed my stake earnings, hold my network importance goes down, move or use i get fees).

now exchanges can use our coins to earn, but charge us the fees for moving, HUGE win win for them LOSE LOSE for genuine holders, all the while the increase their network importance, further more ripping the users off who's coins they are borrowing  

Seems exchanges will eventually OWN NEM 

[Vicodin]

I gotta say

These guys coming on the thread with all this
NEM rip
Pat is Up

It's funny, these, goofs

I just hope the all the newbies to NEM realize that there are always those characters who are, well, goofs, and only making lame attempts at FUD.

After awhile it gets annoying
But I've been gone for a bit up until lately
So it's still kinda comical because it's just so outrageous. What tools lol

[yshin365new]

depressing when your importance slides   do exchanges build up a bs level of importance on the NEM network?

You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.  

no exchange should be gaining POS coins from users funds  

RIP NEM.  Make exchanges rich and they dump free coins.  

its worse then that if exchanges stake, also you and i send coins we get fees, on the coins we stake we earn (at this point it seems no matter what I do my fees will always exceed my stake earnings, hold my network importance goes down, move or use i get fees).

now exchanges can use our coins to earn, but charge us the fees for moving, HUGE win win for them LOSE LOSE for genuine holders, all the while the increase their network importance, further more ripping the users off who's coins they are borrowing  

Seems exchanges will eventually OWN NEM 

The largest NEM exchange Poloniex harvested only 66266 xem until now.
Is it much?
It's less than the trading fee I 've paid in Poloniex.
 Furthermore, Polo does not harvest at present.
http://nembex.nem.ninja/#/search/NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D
Breathe fresh air and wake up from delusion of grandeur.

[kelsey]

depressing when your importance slides   do exchanges build up a bs level of importance on the NEM network?

You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.  

no exchange should be gaining POS coins from users funds  

RIP NEM.  Make exchanges rich and they dump free coins.  

its worse then that if exchanges stake, also you and i send coins we get fees, on the coins we stake we earn (at this point it seems no matter what I do my fees will always exceed my stake earnings, hold my network importance goes down, move or use i get fees).

now exchanges can use our coins to earn, but charge us the fees for moving, HUGE win win for them LOSE LOSE for genuine holders, all the while the increase their network importance, further more ripping the users off who's coins they are borrowing  

Seems exchanges will eventually OWN NEM  

The largest NEM exchange Poloniex harvested only 66266 xem until now.
Is it much?
It's less than the trading fee I 've paid in Poloniex.
 Furthermore, Polo does not harvest at present.
http://nembex.nem.ninja/#/search/NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D
Breathe fresh air and wake up from delusion of grandeur.

wtf delusion of grandeur have to do with it?

you're best reply is it isn't a big flaw because one particularly exchange at the point hasn't taken full advantage of the flaw, wow just wow  

there's very much a serious flaw in NEM if exchanges stake. also movements in and out of xchanges give them an unfair network advantage.

so what the net benifit, purpose to NEM? to replace the greedy fiat banks with greedy network participants?


ffs revise your math before going live  

[yshin365new]

<A> POI score is not in direct proportion[ratio] to amount of xem.
<B> The largest exchange Poloniex'
cold wallet NAHPYR2PHSZ5MGXKQSW3HFDMIXM36JBHDHCPXDQB occupies 3.61% of total xem
                This fund do not harvest from the beginning.
hot wallet  NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D   occupies 1.16% of total xem
                Until now harvested 66266 xem. and not harvesting at present.
I don't know they stopped harvesting for the time being or decided to stop forever.
(Because, IMHO, they don't want small amount of harvested fees running the risk of being blamed as "they gain much profit from users' fund." "Exchanges might own NEM eventually".....)
I believe if nember understand this, there would be much less FUD.

[kelsey]

<A> POI score is not in direct proportion[ratio] to amount of xem.
<B> The largest exchange Poloniex'
cold wallet NAHPYR2PHSZ5MGXKQSW3HFDMIXM36JBHDHCPXDQB occupies 3.61% of total xem
                This fund do not harvest from the beginning.
hot wallet  NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D   occupies 1.16% of total xem
                Until now harvested 66266 xem. and not harvesting at present.
I don't know they stopped harvesting for the time being or decided to stop forever.
(Because, IMHO, they don't want small amount of harvested fees running the risk of being blamed as "they gain much profit from users' fund." "Exchanges might own NEM eventually".....)
I believe if nember understand this, there would be much less FUD.

again it doesn't matter what the exchanges chose or chose not to do, the big issue is and its not just FUD, is there is a huge flaw which exchanges could if they chose to exploit.

i believe if everyone new this you'd have less members.

i'm doing an experiment with a small amount of xem and I am certainly not winning and there is no way i can, which means someone else has the edge, and once someone has an edge eventually they own the market.....simple friggin math which is beyond most people here.

the only replies i'll get is stop spreading FUD FUD FUD, the current exchanges only tested the exploit and is not fully doing it 

[yshin365new]

Dear @Kelsey.
Why don't you found your own exchange and conquer the NEM?