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

[b1007]

Devs rapport:

Tech: 10
Marketing : 1

Seriously this is just silly, stay focused on developing the NEM project technically and people will want to buy XEM themselves, no need for these silly games...It's NEM unworthy...No more freebies, it sounds cheap, I am sure if the tech is right, more people will join the network...

This is a sinking ship man be careful. It's like a B movie at this point.

Why do you think so?, I consider NEM a hidden gem actually...

Its been a hidden gem for two years now, what makes you think that is going to change? The team is not doing anything to change that. If you are happy with the 40 sat valuation then this is perfect for you. If you like deadlines that get pushed back indefinitely then this is the coin for you. If you hate money this is the coin for you.

I get the impression that you are a short-term trader that wants to gain a quick buck, I am a long-term investor, I don't care about the delays as long as the devs keep delivering excellent quality work, they have a passion, I was very impressed by their White Paper...

[1714925600]

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[1714925600]

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[kauppalahti]

If there is a title to be the king of the sandbox, i`ll buy you some
business cards.

Only the wind is moving your lips. Have you any idea what is the meaning of rational?

No more sugar to your blood.

Kauppalahti have spoken, ugh.

UP

[mixmaster]

If you are happy with the 40 sat valuation then this is perfect for you. If you like deadlines that get pushed back indefinitely then this is the coin for you. If you hate money this is the coin for you.

NEM is not about making money, but about good tech in the first place. The industry will get it, then the people will get it. And then the traders will get it, but then its too late. So you either see this long term, or not. But NEM is for sure not the right thing for you, if you want to make a quick buck.

Besides that: What deadlines are you talking about? Mind to give just 1 example?

[rockethead]

Thanks Jabo, I think NEM devs are the best devs in crypto town, however the wallet is still too complex. Can you tell me how I can make a back up of my wallet? I mean the NEM wallet operates online or are my coins secure on cold storage on my harddrive? I know these are noob questions, but it's still not quite clear to me...

Crypto 101. There are no coins in crypto. They are only numbers to show quantity and they are all shown on the blockchain, aka ledger or database. The ledger is an immutable and irreversible transaction ledger.

You need keys to unlock and make "changes" to your balance. By "changes" we mean transacting. Technically, it is reducing the number balance you have and incrementing the number balance of the recipient.

So, keys are the main thing to unlock your balance and make transactions. Some keys are stored in the cloud or somewhere, e.g. coinbase, bitpay, etc. for Bitcoin. For NEM, they are stored in your wallet. So, you need to back up your wallet. If you are well versed with the crypto concept, actually you only need to back up the private keys of your wallet accounts. You can reconstruct your wallet with these private keys.

Cold wallet=don't expose your wallet to a network/internet. Hot wallet=exposed. Unique to NEM, warm wallet = exposed to internet, but need another key to sign off, which can be connected off or online.

Hope that helps.

[Gizfreak]

Is there gonna be a shortcut to the Sound of NEM in the menubar of nem.io?
Same goes for the faucet btw

[mixmaster]

Unique to NEM, warm wallet = exposed to internet, but need another key to sign off, which can be connected off or online.

I actually don't like that term "warm". If you are talking about multisig: If the cosigner account is cold, then the multisig account is exactly as safe as a non-multisig cold wallet. If the cosigner account is hot, then the multisig account is exactly as safe as a non-multisig hot wallet.

[rockethead]

Unique to NEM, warm wallet = exposed to internet, but need another key to sign off, which can be connected off or online.

I actually don't like that term "warm". If you are talking about multisig: If the cosigner account is cold, then the multisig account is exactly as safe as a non-multisig cold wallet. If the cosigner account is hot, then the multisig account is exactly as safe as a non-multisig hot wallet.

Co-signer can be switching off and online in another machine along with the counterpart cosigner who is also switching on and off. How do you define this? Not hot and not cold?

[dandruff1138]

If you are happy with the 40 sat valuation then this is perfect for you. If you like deadlines that get pushed back indefinitely then this is the coin for you. If you hate money this is the coin for you.

NEM is not about making money, but about good tech in the first place. The industry will get it, then the people will get it. And then the traders will get it, but then its too late. So you either see this long term, or not. But NEM is for sure not the right thing for you, if you want to make a quick buck.

Besides that: What deadlines are you talking about? Mind to give just 1 example?

The coin itself was nearly a year late hahaha

And Technology moves fast. Buy the time this catches on it will be surpassed. It may already be surpassed.

[mixmaster]

If you are happy with the 40 sat valuation then this is perfect for you. If you like deadlines that get pushed back indefinitely then this is the coin for you. If you hate money this is the coin for you.

NEM is not about making money, but about good tech in the first place. The industry will get it, then the people will get it. And then the traders will get it, but then its too late. So you either see this long term, or not. But NEM is for sure not the right thing for you, if you want to make a quick buck.

Besides that: What deadlines are you talking about? Mind to give just 1 example?

The coin itself was nearly a year late hahaha

And Technology moves fast. Buy the time this catches on it will be surpassed. It may already be surpassed.

There was never a deadline, just estimates. If you ever worked on a bigger project, you know how easy it can happen that it takes longer than thought.
So we learned from that and are even very careful with estimates, because of people like you. Not sure if that helps or not, but thats how it is now.

So, examples for any deadlines or just trolling?

[Thingamajig]

Devs rapport:

Tech: 10
Marketing : 1

Seriously this is just silly, stay focused on developing the NEM project technically and people will want to buy XEM themselves, no need for these silly games...It's NEM unworthy...No more freebies, it sounds cheap, I am sure if the tech is right, more people will join the network...

This is a sinking ship man be careful. It's like a B movie at this point.

Why do you think so?, I consider NEM a hidden gem actually...

Its been a hidden gem for two years now, what makes you think that is going to change? The team is not doing anything to change that. If you are happy with the 40 sat valuation then this is perfect for you. If you like deadlines that get pushed back indefinitely then this is the coin for you. If you hate money this is the coin for you.

The team have done alot to change that, actually.

The primary being searching outside of the crypto "circles" to secure funding and development. Fact of the matter is, cryptocurrency is very much a specialist knowledge and field and even those coins deemed successful are only so simply because they're a passing thought in a BTC whales mind, who can at will pump and dump coins in turn, creating attention from other small fishes in the cryptocurrency market -- this is a cycle that eventually comes to a dead end. Leaving dissatisfied, bitter bagholders in it's wake.

NEM is not only getting attention from those within crypto, but making efforts to ensure those outside these fields get a taste of it's potential -- potential not only from a technological standpoint, but from it's committed developers too.. Which is VITAL to making it a successful platform.

A coin that doesn't strive to break free out of the typical "cryptocurrency" markets is a coin that is doomed to failure or succession from others that do the opposite. The vast majority of alts out there make no effort to broaden their userbase outside those within the (small) crypto sphere. They are, in a nutshell, pump and dumps, a means to an end especially for big whales looking to increase their wealth.

[willowfoot]

Is there a reason why I cant encrypt the message, it's greyed out ...
trying to send to Sound of NEM, so address should be fine?

[jabo38]

Is there a reason why I cant encrypt the message, it's greyed out ...
trying to send to Sound of NEM, so address should be fine?

As soon as you enter the Sound of NEM account NB6T2N-T4WVMS-2THDZR-LPCKVU-636BUJ-2V7E5D-ZX7X or any other account that has been involved in transactions before, you should see the encrypt option box change so you can click it and send an encrypted message. 

If an account is not known to the network because it has not ever had a transaction, then you can't send encrypted messages to it. 

Uhm, maybe recheck the address one more time.

[jabo38]

Thanks Jabo, I think NEM devs are the best devs in crypto town, however the wallet is still too complex. Can you tell me how I can make a back up of my wallet? I mean the NEM wallet operates online or are my coins secure on cold storage on my harddrive? I know these are noob questions, but it's still not quite clear to me...

Crypto 101. There are no coins in crypto. They are only numbers to show quantity and they are all shown on the blockchain, aka ledger or database. The ledger is an immutable and irreversible transaction ledger.

You need keys to unlock and make "changes" to your balance. By "changes" we mean transacting. Technically, it is reducing the number balance you have and incrementing the number balance of the recipient.

So, keys are the main thing to unlock your balance and make transactions. Some keys are stored in the cloud or somewhere, e.g. coinbase, bitpay, etc. for Bitcoin. For NEM, they are stored in your wallet. So, you need to back up your wallet. If you are well versed with the crypto concept, actually you only need to back up the private keys of your wallet accounts. You can reconstruct your wallet with these private keys.

Cold wallet=don't expose your wallet to a network/internet. Hot wallet=exposed. Unique to NEM, warm wallet = exposed to internet, but need another key to sign off, which can be connected off or online.

Hope that helps.

So there are two things that can make it so your coins are lost. 

One is if somebody has your wallet and the password to that wallet.  Just the password alone, or just the wallet file alone will not ever allow them to access your account and make transfers from your account. 

Somebody that has your password, but not your wallet, won't ever be able to recreate your wallet, but somebody that has your wallet file can brute force your wallet file if your password is very weak, just like any other thing that is password protected.

The second thing that could allow somebody to access your account would be if they had access to your private key.  The private keys are some of the very important information that the wallet has inside of it, so whether a hacker gets your private key from the wallet file, or just gets the private key by itself, they can access your account. 

To me, the private keys are the most important thing to back up.  There are loooooong debates of how these should be backed up, whether printed on paper, or stored in a wallet file, or stored in another file format and hidden there.  I think it is very important though to have those keys backed up one way or another.  I personally print up them on paper (no hacker can get at them that way) and also have a back up of the wallet file with a very long and safe password. 

If you would like to make a copy of your wallet file, instructions can be found at http://blog.nem.io/how-to-find-export-or-delete-your-wallet-and-address-book-file/

[andme]

Cosigners of the MS account, can you see my messages? I don't see ones.
v0.6.42 standalone.

[martismartis]

Cosigners of the MS account, can you see my messages? I don't see ones.
v0.6.42 standalone.

Have same message, curious, did message reached voice of NEM correctly.

[patmast3r]

Cosigners of the MS account, can you see my messages? I don't see ones.
v0.6.42 standalone.

Have same message, curious, did message reached voice of NEM correctly.

prob just a bug in NCC.

[b1007]

Thanks Jabo, I think NEM devs are the best devs in crypto town, however the wallet is still too complex. Can you tell me how I can make a back up of my wallet? I mean the NEM wallet operates online or are my coins secure on cold storage on my harddrive? I know these are noob questions, but it's still not quite clear to me...

Crypto 101. There are no coins in crypto. They are only numbers to show quantity and they are all shown on the blockchain, aka ledger or database. The ledger is an immutable and irreversible transaction ledger.

You need keys to unlock and make "changes" to your balance. By "changes" we mean transacting. Technically, it is reducing the number balance you have and incrementing the number balance of the recipient.

So, keys are the main thing to unlock your balance and make transactions. Some keys are stored in the cloud or somewhere, e.g. coinbase, bitpay, etc. for Bitcoin. For NEM, they are stored in your wallet. So, you need to back up your wallet. If you are well versed with the crypto concept, actually you only need to back up the private keys of your wallet accounts. You can reconstruct your wallet with these private keys.

Cold wallet=don't expose your wallet to a network/internet. Hot wallet=exposed. Unique to NEM, warm wallet = exposed to internet, but need another key to sign off, which can be connected off or online.

Hope that helps.

So there are two things that can make it so your coins are lost. 

One is if somebody has your wallet and the password to that wallet.  Just the password alone, or just the wallet file alone will not ever allow them to access your account and make transfers from your account. 

Somebody that has your password, but not your wallet, won't ever be able to recreate your wallet, but somebody that has your wallet file can brute force your wallet file if your password is very weak, just like any other thing that is password protected.

The second thing that could allow somebody to access your account would be if they had access to your private key.  The private keys are some of the very important information that the wallet has inside of it, so whether a hacker gets your private key from the wallet file, or just gets the private key by itself, they can access your account. 

To me, the private keys are the most important thing to back up.  There are loooooong debates of how these should be backed up, whether printed on paper, or stored in a wallet file, or stored in another file format and hidden there.  I think it is very important though to have those keys backed up one way or another.  I personally print up them on paper (no hacker can get at them that way) and also have a back up of the wallet file with a very long and safe password. 

If you would like to make a copy of your wallet file, instructions can be found at http://blog.nem.io/how-to-find-export-or-delete-your-wallet-and-address-book-file/

Thanks for helping me out, so a key is that a file you can back-up or is it just a password? If you make a back-up of your wallet do you automatically have a back-up of your key as well? Since you talk about printing your key I presume it's just a password?  Also you have NCC and NIS wallet, but you only need NIS if you want to harvest am I correct?

So many noob questions but I really want to understand what this project is all about, I hope the project becomes more userfriendly and simple in time...

[b1007]

Also, if private keys are passwords, how do you prevent brute forcing/hacking of accounts? 

[jabo38]

Cosigners of the MS account, can you see my messages? I don't see ones.
v0.6.42 standalone.

Have same message, curious, did message reached voice of NEM correctly.

prob just a bug in NCC.

It's a bug in NCC. It'll be fixed next release.

All messages for the contest having been arriving just fine and all have been readable.

[patmast3r]

Also, if private keys are passwords, how do you prevent brute forcing/hacking of accounts? 

Private-keys aren't passwords. Private-keys are just password-protected inside your wallet.
In most Brainwallets private keys are passwords (hashed versions of it anyway)