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

[makoto1337]

Nem back down to 364 sat now

Hopefully it's gunna rise above 400 soon??

you have obviously long forgotten 40 satoshi days 

Or 30 satoshi days?

[nzminer]

Nem back down to 364 sat now

Hopefully it's gunna rise above 400 soon??

you have obviously long forgotten 40 satoshi days  

Or 30 satoshi days?

Im sure i remember we were as low as 25 at one point! lol

[yshin365new]

Nem back down to 364 sat now

Hopefully it's gunna rise above 400 soon??

you have obviously long forgotten 40 satoshi days 

Or 30 satoshi days?

I love those days because I bought lots of XEM then. 

[stereotype]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

[jubalix]

i am quite amazed that nem has gone back up.

[McDoxy1]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

Jabo posted this nice explanation a couple of pages back:

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

[stereotype]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

Jabo posted this nice explanation a couple of pages back:

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

Ok, that kinda of addresses the situation. Cheers.

The next logical question is, if they/whoever reject using the NEM chain, whats plan B? Is there another meaningful use case?

[joywin]

i regret that i sold my nem

[fob123]

i regret that i sold my nem

Lesson learnt. Buy more while its still cheap.

[yshin365new]

i regret that i sold my nem

That's too bad.
If you don't buy NEM now, you will regret again.

[zoata87]

i regret that i sold my nem

That's too bad.
If you don't buy NEM now, you will regret again.

If NEM succeeds, I think 1 XEM=1-10 dollars, ofcourse it doesn't happen overnight, but building up a decent stash becomes harder and harder after each significant development/update.

To reach prices like this i guess we need about 5-10 years but indeed it is a realistic case.

[shenkeng]

need long term investmen

[gimre]

"Takao Asayama, CEO of Tech Bureau Corp, explained that distributed ledger technology when correctly applied can “transform the revenue model of the banks”. Asayama also said that the system used in the trial could handle “4-digit transactions per second while geographically dispersed” and that further improvements are currently being worked on."

Wow! 4 digits per second on separated nodes.  That isn't a lab intranet.  That is getting close to 100,000,000 transactions per day if not over.  SETL claimed 1 billion which is by far the most I have heard, but exact details and conditions of tests weren't given, nor was it mentioned if third parties were testing at that rate.  

To put it in comparison, Visa also does 4 digits per second.  Maybe a peak of 4000 per second at a busy time on a busy day. 

So this is about SBI tests ? Those used AWS if I recall correctly so that certainly isn't lab internet...
>1k TPS throughput is actually not bad 

I need to hold your horses for a little bit. To be clear, those WERE powerful machines.
Also keep in mind it was an experiment.

[jabo38]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

Jabo posted this nice explanation a couple of pages back:

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

Ok, that kinda of addresses the situation. Cheers.

The next logical question is, if they/whoever reject using the NEM chain, whats plan B? Is there another meaningful use case?

Out of 5000 business, it would suck if all of them decided to not utilize blockchain services in someway or another especially if it was part of an enterprise software suite that they have already paid for. 

Even if 80% hated it and only 20% decided to use Mijin, that would still be 1000 medium to large size companies.  Just one large company would at this point be impressive to get it to use a blockchain, but 1000 is over the top.   

And hopefully the main chain can build some services (remember it is a public chain hub) that would attract some of those 500 to also spend thirty minutes and point their code to the main chain too.  Now if the main chain was even able to attract 5% of that 1000, that would still be 50 medium to large size companies.  Which is about 50 more than most blockchains excluding Bitcoin have.  :-) 

Ask any other chain how they attempt to get 50 medium to large size companies to use their chain.  I'm not sure if their answer will be nearly as plausible as the one stated here, especially since a deal has already been signed between DF and Infoteria, a deal that has taken 3 seasons and A LOT of meetings, some lawyers, and some tests to sign. 

Now, none of this is a promise.  So many things could go wrong, but there is a path and a plan here and it is being executed.  It is a long game, so please stay tuned in. 

[stereotype]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

Jabo posted this nice explanation a couple of pages back:

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

Ok, that kinda of addresses the situation. Cheers.

The next logical question is, if they/whoever reject using the NEM chain, whats plan B? Is there another meaningful use case?

Out of 5000 business, it would suck if all of them decided to not utilize blockchain services in someway or another especially if it was part of an enterprise software suite that they have already paid for. 

Even if 80% hated it and only 20% decided to use Mijin, that would still be 1000 medium to large size companies.  Just one large company would at this point be impressive to get it to use a blockchain, but 1000 is over the top.   

And hopefully the main chain can build some services (remember it is a public chain hub) that would attract some of those 500 to also spend thirty minutes and point their code to the main chain too.  Now if the main chain was even able to attract 5% of that 1000, that would still be 50 medium to large size companies.  Which is about 50 more than most blockchains excluding Bitcoin have.  :-) 

Ask any other chain how they attempt to get 50 medium to large size companies to use their chain.  I'm not sure if their answer will be nearly as plausible as the one stated here, especially since a deal has already been signed between DF and Infoteria, a deal that has taken 3 seasons and A LOT of meetings, some lawyers, and some tests to sign. 

Now, none of this is a promise.  So many things could go wrong, but there is a path and a plan here and it is being executed.  It is a long game, so please stay tuned in. 

I didnt appreciate the broad exposure NEM may achieve. If that 5000 number is indeed valid and expected, then yeah, it should follow that at the least, a spin-off or three, could be exploited by NEM. I think big business on the blockchain is still a way off, for a few reasons, but in the mean-time, the positioning of NEM should offer it some opportunities to exploit.....if the above numbers are valid. 

[nzminer]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

I believe that dragonfly pay is basically a fiat gateway that uses NEM as a means of funds transfer, so will be some serious competition to the likes of paypal.
When dragonfly pay takes off, so will NEM

[Xpedite]

So this is about SBI tests ? Those used AWS if I recall correctly so that certainly isn't lab internet...
>1k TPS throughput is actually not bad 

I need to hold your horses for a little bit. To be clear, those WERE powerful machines.
Also keep in mind it was an experiment.

OK , I just got excited that it's even possible. 

[LemonAndFriesOne]

How will NEM profit from Mijin and Dragonfly?

Right now these two companies are promoting their 'own' version of NEM.
But who is going to market NEM to companies so they can use it?

What is the long term planning/mission of NEM? Why should a company choose NEM when they can choose a private ledger like Mijin or Dragonfly?

Real shame this was not answered. Probably THE question that decides NEMs path, and its followed by countless posts about price.   

I believe that dragonfly pay is basically a fiat gateway that uses NEM as a means of funds transfer, so will be some serious competition to the likes of paypal.
When dragonfly pay takes off, so will NEM

Here you go:

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact. 

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others. 

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here. 

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly.

This is possible down the road, but initially financial transactions would likely be between Mijin users (i.e. transactions across companies, or within companies [between departments etc -- finance stuff]), but the potential far exceeds financial transfers. Blockchains are public ledgers, so can be leveraged for all kinds of things.. Imagine IT wants to keep track of where all of it's computers are located (building / floor / cubicle); a blockchain could be used to track these assets and their movement, with the benefit of a rock solid audit trail. Just a tiny example of a non-finance use, there are heaps more.

A few cool things about Mijin mirroring Nem:
1. Mijin's success lends a LOT of credibility to NEM
2. It's very unlikely that business would readily adopt a public blockchain like Bitcoin - they're more likely to create their own alt and run it privately. This approach makes it much easier and more agreeable for businesses to adopt blockchain.
3. As mentioned above - Mijin and NEM use the same APIs -- so an open source blockchain explorer or mobile app madefor NEM could be used by businesses on Mijin and vice-versa.. This could be really cool if it picks up -- I can imagine a number of gits popping up as businesses and outside developers explore what they can do with the blockchain, which could be built upon by both Mijin or Nem community members. A mutually beneficial development framework.

[jelin1984]

i am sure after see those  sell walls at poloniex

that xem will be very soon go very high


so keep xem well the party is just beggining

[Nxtblg]

i regret that i sold my nem

Yeah, so do I. In fact, I was lining myself up to run a Supernode but I wandered. I hope to come back someday, ideally after making enough of a profit to buy back the ~3.1 million I had.