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

[patmast3r]

The fork is due really soon.  

Some of you might be thinking about getting a namespace for yourself, or maybe trying to squat on one. I have had some discussions and questions asked privately, so I wanted to give you a tip of the right way to do it.

Namespaces are not yet transferable, though we hope to someday make this possible.  

Interestingly enough while namespaces can not be transferred, accounts in NEM can!  

Yes, NEM has an amazing little feature I haven't ever seen in any other platform, and one that isn't discussed much, but the way NEM's multisig architecture is set up, you can transfer entire accounts intact from third party to third party.

This is done by make the account a 1 of 1 signer and passing the power of the account to another person.  So for instance if I squat on the name "Alice" and later somebody wants to buy it from me, I convert it into a multisig account and then make the other person the signer.  They now have full control over the account and there isn't anything I can do about it.  This transfer can even be done with a neutral third party acting as an escrow signer.  

So my advice is if you are squatting is to put each namespace in its own account, at which point it can the be sold and transferred to others.  

The process is a lot longer and you would have lots of keys to back up than just buying them all on once account, but you have some security knowing they are transferable. 

It might be worth adding that squatting is not going to be as cheap as on most platforms. You're gonna have to renew your namespace every year to keep it. You might wanna think hard if it's worth all those XEM to squat popular names that noone will ever buy from you. Ask all the squaters from other platforms how much they made with their names, alias' whatever they are called and then factor in that's it costs regularly not just once . 

[1714059049]

1714059049

[greentea]

check this Mijin update out ... 167 companies signed up from 15 different countries:
http://mijin.io/ja/503.html

some of the testing cases (using google translate):


Going to get very interesting after the experimentation phase completes 

[luckygenough56]

negative interest on fiat japan ? go xem 

[patmast3r]

check this Mijin update out ... 167 companies signed up from 15 different countries:
http://mijin.io/ja/503.html

some of the testing cases (using google translate):


Going to get very interesting after the experimentation phase completes 

gimre posted, i think a few pages ago that 50 of those were already up and running

[jabo38]

The fork is due really soon.  

What is the ETA on the fork?

if we're running .6.72 client are we OK?

.72 should be fine. Afaik .73 was only a bugfix.
I think last I heard was feb 1st for the fork. Better to check the block count and wait for 440k as that's what it actually depends on not a specific date or time.

correct.  0.72 was a minor update for bugs and is fine if the bugs aren't bothering you.

[suda123]

negative interest on fiat japan ? go xem 

No this is just the beginning, it gets worse from here.

[pgb]

negative interest on fiat japan ? go xem 

No this is just the beginning, it gets worse from here.

Agree, this is to see how markets react. Japan (and many others) are in deep sh£$ and this just shouts desperation. Abenomics anyone?

[greentea]

negative interest on fiat japan ? go xem 

No this is just the beginning, it gets worse from here.

Agree, this is to see how markets react. Japan (and many others) are in deep sh£$ and this just shouts desperation. Abenomics anyone?

all fiat is going down the drain ... a new monetary system will emerge

[amytheplanarshift]

negative interest on fiat japan ? go xem 

No this is just the beginning, it gets worse from here.

Agree, this is to see how markets react. Japan (and many others) are in deep sh£$ and this just shouts desperation. Abenomics anyone?

all fiat is going down the drain ... a new monetary system will emerge

A... new economy?

[tyz]

Thanks for sharing!

By the way, I am getting the warning sign, too. But only in Chrome. Firefox and Safari are skipping the warning.

Could someone explain in a few words what namespaces and mosaics are?
Or could someone point me to a site where the features are explained?

Check these out:

(Im getting a warning sign again on nem.io?)

https://forum.nem.io/t/mosaic-and-namespace-public-testnet-release/1613
https://forum.nem.io/t/introducing-namespaces/1386

[tolikkk]

how about adding the functionality of a smart-contracts and to provide the platform for modern crypto-money business model? I think that adding this function would give weight and popularity

[nembit86]

negative interest on fiat japan ? go xem  

No this is just the beginning, it gets worse from here.

Agree, this is to see how markets react. Japan (and many others) are in deep sh£$ and this just shouts desperation. Abenomics anyone?

all fiat is going down the drain ... a new monetary system will emerge

A... new economy?

Love it !!!!!!!!     if we could only be part of a movement somewhere ........

[greentea]

negative interest on fiat japan ? go xem  

No this is just the beginning, it gets worse from here.

Agree, this is to see how markets react. Japan (and many others) are in deep sh£$ and this just shouts desperation. Abenomics anyone?

all fiat is going down the drain ... a new monetary system will emerge

A... new economy?

Love it !!!!!!!!     if we could only be part of a movement somewhere ........

price is starting to creep back up

[child_harold]

Will NEM benefit from a successful mijin?

[nzminer]

Will NEM benefit from a successful mijin?

yes

[nembit86]

Will NEM benefit from a successful mijin?

yes

absolutely !!!!!! 

[child_harold]

Will NEM benefit from a successful mijin?

yes

absolutely !!!!!! 

Rosencrantz and Guildenstern?

[greentea]

Will NEM benefit from a successful mijin?

That's the million dollar question, but so far it's benefited already ...

[zoata87]

~24h until fork, right?

[jnada]

Folks,
I just got phone call from friend of mine whom I helped to participating in Xem.
She said there is 0 balance on her address submitted succesfully for NEM redemption phase March last year. I remeber that everything went ok - she received 2250000NEM's - that was last May/June when I checked her address and said her: all ok, you got your stake.
Today, after conversation I went to XEMblockchain and saw 0 balance and no trace of initial stake transaction from...

Anyone to explain this fact?

It's quite personal as her initial address was generated on my computer...