How much is one XEM potentially worth in the future?
If the currency is as good as the blockchain then it's probably the best. If it becomes the reserve currency then something around 10 000 dollars per 1 XEM in today's values. 1 dollar per XEM would do me though.
Awesome
yeah 1 dollar would be nice, I am not too greedy
Well that would mean 9 billion marketcap. BTC went to over 12 billion marketcap and honestly , BTC has nowhere near the pedigree of NEM. These are still early days........people , don't listen to that loser dannac.....get yourselves some XEM.
This is exactly right. "These are still early days."
PayPal processes $240 billion worth of transactions a year and has a marketcap of $45 billion.
https://finance.yahoo.com/q?s=PYPLVisa processes $4.8 trillion worth of transactions a year and has a marketcap of $181 billion.
https://finance.yahoo.com/q?s=VA $9 billion marketcap is nothing for a technology that will most likely compete with all current financial institutions.
Bitcoin has first-mover advantage and is the top brand, but NEM will have second-mover advantage being more efficient and feature-rich.
Bitcoin
-Has inflation (14,437,800 btc in circulation, that leaves 6,562,200 btc still left to mine).
https://blockchain.info/charts/total-bitcoins https://en.bitcoin.it/wiki/Controlled_supply-Energy hog Proof-of-Work block reward algorithm. (PoW a.k.a. Proof-of-Waste)
-PoW mining causes monetary inflation.
-Slow 10 minute transaction confirmation.
-Poor initial distribution.
-No asset exchange.
NEM
+Zero inflation (fixed supply, all 9 billion coins released at launch).
+Energy efficient Proof-of-Importance block reward algorithm. (PoI is environmentally friendly and rewards only the most active nodes.)
+PoI harvesting, no monetary inflation, coins are earned solely from transaction fees.
+Fast 1 minute transaction confirmation.
+Relatively large egalitarian distribution.
+Delegated harvesting.
+Encrypted messaging.
+m-of-n Multi-signature.
+Eigentrust++ peer reputation management.
+One-click install client.
+Ninja releases!
future:
+Business rules.
+Decentralized asset exchange.
+Mobile wallet for Android and IOS.
+...
NEM is built 100% from scratch (not a fork of Bitcoin or Nxt). The devs engineered NEM for the future with 9 billion* XEM.
*actually 8,999,999,999 XEM (Burning 1 XEM gave us that "fortunate" eight at the beginning.)
Estimated population, based on current growth trends, to reach 9 billion in 2040.
https://en.wikipedia.org/wiki/Projections_of_population_growthWorld population to exceed 9 billion by 2050.
http://www.un.org/esa/population/publications/wpp2008/pressrelease.pdfBitcoin: 21 million/1 satoshi = 2.1 quadrillion units.
NEM: 9 billion/0.000001 = 9 quadrillion units.
The unregulated derivatives market is ~$1.5 quadrillion dollars.
http://moneymorning.com/2014/10/01/taking-profits-in-a-1-5-quadrillion-bubble/NEM is designed to accommodate our entire global economy.
NEM has great potential. In the future I can easily see 1 XEM being valued at 1 fiat dollar.