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

[patmast3r]

Remember, one year ago, on 22 April 2015 I re-posted a long post about the marshmallow experiment and NEM.

In essence, I created a very simplistic though somewhat useful graph which looked like this:

                                                                              The Altcoin Landscape

                               
                             Cheap Scams          Elaborate Scams             Clones                Low Innovation         Deep Innovation
                                      I--------------------I--------------------I--------------------I--------------------I

       Approx. Time:        1 Day                      1 Week                  1 Month               3 - 6 Months                1 Year

      Approx. Difficulty:      1/10                       2/10                       4/10                       6/10                       10/10

Approx. Value Created:    1 btc                      10 btc                     50 btc                    100 btc                    10000 btc


Now, one year later I'm glad to see it still standing. Although I see things quite different now, one thing is clear: NEM has an approximate market cap of 31788 btc.

This project has come a long way since its inception. Glad to see it moving forward.

well, look what the cat dragged in.

Hi

[fragout]

more info on mijin

http://mijin.io/en/about-mijin  

wow.. i gota point this out:

Smart contracts can be used to manage information and agreements directly on a Mijin blockchain, with mathematically verifiable enforcement of all contracts. In the future, multiple Mijin blockchains will be able to have contracts with each other through the open NEM blockchain.

this is phenomenal!!!!!

edit: speechless... 

It also makes perfect sense. I foresee some serious NEM value in the distant future.

This bit is also interesting- 2016 Q3

Integration with Zaif Exchange engine.
Integration with major bitcoin exchange engines.

This is for Mijin, so what does it mean exactly?

[teletobi]

more info on mijin

http://mijin.io/en/about-mijin 

wow.. i gota point this out:

Smart contracts can be used to manage information and agreements directly on a Mijin blockchain, with mathematically verifiable enforcement of all contracts. In the future, multiple Mijin blockchains will be able to have contracts with each other through the open NEM blockchain.

this is phenomenal!!!!!

edit: speechless... 

It also makes perfect sense. I foresee some serious NEM value in the distant future.

This bit is also interesting- 2016 Q3

Integration with Zaif Exchange engine.
Integration with major bitcoin exchange engines.

This is for Mijin, so what does it mean exactly?

Yes, the Roadmap is quite interesting. As it´s mijins Website and NEM is already at the exchanges, it should be mijin exchange integrating, hmmm...

@xtester: I loved this Marshmallow Video!

[Sjacmur]

I think we soon reach price 500s as floor awaiting for Q3 2016
but btc start rising and slow Xem rising

[ibrahim11]

I panic bought 400k nem/xem at 389sat lol and now it's 335 sat 

[Sjacmur]

Only because BTC rising

[rigel]

I panic bought 400k nem/xem at 389sat lol and now it's 335 sat 

Don't worry, price will go up again. Just wait.

[teletobi]

I panic bought 400k nem/xem at 389sat lol and now it's 335 sat 

Panic is never a good Friend in trading.

[NEMergizer]

I panic bought 400k nem/xem at 389sat lol and now it's 335 sat  

It is totally OK to buy NEM @ 389 or even 500 but it might not be wise to sell lower than what you bought it for. My advice to you hold on to your XEMs for at least a year. It is very possible that NEM value will be multiplied by at least a factor of 10 if not 100 within the coming 3 years.

Most Nemsters buy NEM not as a short,medium, or even long term investment, but as a share in a platform/idea that they strongly believe in. If you think about it this way you will never lose.

[fob123]

Is the reward for supernode active yet?
Because i'm only receiving about 10xem per day. My supernode passed all test with flying colours.

[fragout]

Is the reward for supernode active yet?
Because i'm only receiving about 10xem per day. My supernode passed all test with flying colours.

Not yet, but close I would say as they are sending out test transactions

[ibrahim11]

I panic bought 400k nem/xem at 389sat lol and now it's 335 sat  

It is totally OK to buy NEM @ 389 or even 500 but it might not be wise to sell lower than what you bought it for. My advice to you hold on to your XEMs for at least a year. It is very possible that NEM value will be multiplied by at least a factor of 10 if not 100 within the coming 3 years.

Most Nemsters buy NEM not as a short,medium, or even long term investment, but as a share in a platform/idea that they strongly believe in. If you think about it this way you will never lose.

So with the bitcoin halvening, the btc price is expected to increase and in turn the nem price aswell? 

[McDoxy1]

I panic bought 400k nem/xem at 389sat lol and now it's 335 sat  

It is totally OK to buy NEM @ 389 or even 500 but it might not be wise to sell lower than what you bought it for. My advice to you hold on to your XEMs for at least a year. It is very possible that NEM value will be multiplied by at least a factor of 10 if not 100 within the coming 3 years.

Most Nemsters buy NEM not as a short,medium, or even long term investment, but as a share in a platform/idea that they strongly believe in. If you think about it this way you will never lose.

So with the bitcoin halvening, the btc price is expected to increase and in turn the nem price aswell?  

Depends...
BTC/XEM could drop when bitcoin goes ballistic and a lot of people go back into bitcoin due to FOMO.
If BTC/XEM falls less than bitcoin rises, then XEM/USD (and our marketcap) would increase though.
That's usually what happens.

If we really get a Nov'13 like megabubble it doesn't really matter though, because the money that comes into crypto through those bubbles will probably trickle down into altcoins and if the next bubble is the same magnitude as the one in 2013 then we can expect about 60 billion USD rushing into crypto.
But that's just speculation. The realist in me kind of doubts it will happen.

What would be way more exciting is if XEM ten-folds independently from bitcoin because of deals made by Dragonfly/Mijin for instance.

[gentlemand]

If we really get a Nov'13 like megabubble it doesn't really matter though, because the money that comes into crypto through those bubbles will probably trickle down into altcoins and if the next bubble is the same magnitude as the one in 2013 then we can expect about 60 billion USD rushing into crypto.
But that's just speculation. The realist in me kind of doubts it will happen.

What would be way more exciting is if XEM ten-folds independently from bitcoin because of deals made by Dragonfly/Mijin for instance.

That 60 billion figure is getting mixed up with market cap which is pretty much meaningless. If sixty billion of real expenditure poured in you'd be paying tens of thousands for your Bitcoin. I'm sure late 2013 attracted a decent amount of cash but it probably was tens of millions.

NEM is one of the very few projects that might be able to step away from BTC on its own terms. I'm kinda surprised it isn't being talked about more considering there are coins which promise the world and effectively do nothing gathering more excitement.

[McDoxy1]

If we really get a Nov'13 like megabubble it doesn't really matter though, because the money that comes into crypto through those bubbles will probably trickle down into altcoins and if the next bubble is the same magnitude as the one in 2013 then we can expect about 60 billion USD rushing into crypto.
But that's just speculation. The realist in me kind of doubts it will happen.

What would be way more exciting is if XEM ten-folds independently from bitcoin because of deals made by Dragonfly/Mijin for instance.

That 60 billion figure is getting mixed up with market cap which is pretty much meaningless. If sixty billion of real expenditure poured in you'd be paying tens of thousands for your Bitcoin. I'm sure late 2013 attracted a decent amount of cash but it probably was tens of millions.

NEM is one of the very few projects that might be able to step away from BTC on its own terms. I'm kinda surprised it isn't being talked about more considering there are coins which promise the world and effectively do nothing gathering more excitement.

Yup, that is true. I was using marketcap figures. The exact amount is definitely a lot less. But I would say it's definitely more than tens of millions. My guess is at least hundreds of millions.

And I agree, NEM is hugely undervalued right now. I guess it's not being talked about a lot, because of image/marketing problems. The "New Economy Movement" thing turned a lot of people off.

[garp]

A lot of people? What were the arguments against a new economy?

[rigel]

A lot of people? What were the arguments against a new economy?

The establishment supports existing economy.

So business does.

[garp]

A lot of people? What were the arguments against a new economy?

The establishment supports existing economy.

So business does.

Ah, OK. That's normal. All changes are tough.

But a lot of them are looking at or into blockchain technology, including the IMF https://www.imf.org/external/pubs/ft/sdn/2016/sdn1603.pdf and big banks (R3, ...).
And a lot of businesses are looking how they could benefit from the technology.

It's up to our community to show what blockchain in general and nem specifically can do and help them change their mind.

[McDoxy1]

A lot of people? What were the arguments against a new economy?

"New Economy" is an older term from the 90s/2000s and associated with early internet companies and the dot-com bubble, and "Movement" has just too much of a idiological connotation. NEM started very idiological, almost cult like, which almost turned me off as well, but I saw the technological potential. You just don't get mass acceptance that way.

[patmast3r]

A lot of people? What were the arguments against a new economy?

"New Economy" is an older term from the 90s/2000s and associated with early internet companies and the dot-com bubble, and "Movement" has just too much of a idiological connotation. NEM started very idiological, almost cult like, which almost turned me off as well, but I saw the technological potential. You just don't get mass acceptance that way.

Yeah, many people have recognized this as an issue already. Thing is, NEM does have some name recognition by now. So I'm okay with the idea to just leave NEM but not as an acronym. The letters don't have to stand for anything. Just nem.