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

[bbc.reporter]

@pabloangello that is very true! It is also why we see why many people do not hold their coins long term. They fear that their profits will diminish. For them their paper profits are already real money which is not. They only think it is.

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[raphma]

Dash made a massive gain when their android wallet was released a few days ago. I suspect the nem mobile wallet will do the same.

dash and NAV, they both had a big pump caused by a mobile wallet. It's definitely a big deal so let's hope XEM do the same.

[fob123]

its worth noting that the Dash mobile wallet was only for android, whereas nem is for both IOS and Android.
I would expect the price to double once the news is announced.

[gilang]

Finally a thread without people who misunderstand the concept of free speech

[pabloangello]

@pabloangello that is very true! It is also why we see why many people do not hold their coins long term. They fear that their profits will diminish. For them their paper profits are already real money which is not. They only think it is.

Yes. Holding long term is very very hard. Imagine you bought NEM at 30satoshi, it rises to 300satoshi, then try not to sell (You dont know then that it will rise to 2000sat in couple months). To do that you need to be experienced investor or complete beginner bag holder.

[LemonAndFriesOne]

None of these coins are getting higher because of some "mobile" element, the defining moment that can be said is when a coin has achieved mass adoption.

Otherwise it's just devs and the same people who bought into the coin pumping it up.

[willowfoot]

Just browsing over http://nodeexplorer.com

anyone know the reason in the small drop in nodes online today?

[ja23]

Nem will always be my favorite crypto. It was just fascinating how it started basically by people volunteering their services. It was huge.

[BigSirko]

None of these coins are getting higher because of some "mobile" element, the defining moment that can be said is when a coin has achieved mass adoption.

Otherwise it's just devs and the same people who bought into the coin pumping it up.

Mobile app is good marketing and, a well-designed one, should ease the learning curve for new users.

http://prefundia.com/blog/getting-to-100000-users-paypals-60m-referral-program-that-nobody-knows-about/
PayPal spent $60 million on their referral program.

User adoption is expensive and, with exception of flukes like Tumbler and Facebook, many companies had to spend $10s of millions to get their users.   From this, you can see why crypto has struggled with mass adoption.  Bitcoin foundation barely has any money and Ethereum itself only raised like $20 million and promptly spent it all.  To get all the Joes and Janes on board, you probably have to spend $50+ million on just marketing / advertisement and wisely at that.



I think NEM will be the first crypto project to have a world class marketing budget.  There's 2 marketing funds added up to 450,000,000 XEM.  Developers / non-profit has to wait until $1,350,000,000 marketcap or $0.15 XEM and then they'll have like $67 million to utilize.  $67 million could fund a few 30-second TV ads, probably do a ton of YouTube and social media ads, product placements,  interviews on popular talk radio, et cetera.  


 
To think Ethereum has already hit that marketcap but they were too amateur, inexperienced and lacked pre-launch foresight to think about long-term marketing & advertisement.

[bbc.reporter]

@pabloangello that is very true! It is also why we see why many people do not hold their coins long term. They fear that their profits will diminish. For them their paper profits are already real money which is not. They only think it is.

Yes. Holding long term is very very hard. Imagine you bought NEM at 30satoshi, it rises to 300satoshi, then try not to sell (You dont know then that it will rise to 2000sat in couple months). To do that you need to be experienced investor or complete beginner bag holder.

Hahaha. So you mean to say you have to be completely very skilled or very stupid to be a big winner in trading. That is two extremes at each end of the spectrum.

[BigSirko]

@pabloangello that is very true! It is also why we see why many people do not hold their coins long term. They fear that their profits will diminish. For them their paper profits are already real money which is not. They only think it is.

Yes. Holding long term is very very hard. Imagine you bought NEM at 30satoshi, it rises to 300satoshi, then try not to sell (You dont know then that it will rise to 2000sat in couple months). To do that you need to be experienced investor or complete beginner bag holder.

Hahaha. So you mean to say you have to be completely very skilled or very stupid to be a big winner in trading. That is two extremes at each end of the spectrum.

There's also the absentee holder.  Bitcoin had a lot of them, people who acquired coins for fun in 2009/2010 and left them on old drives.  The absentee Bitcoin holders were only reminded about their jackpot when Bitcoin was making headlines everywhere in 2013. . .  some interesting stories about them if you set your google search filter to only 2013.

http://blockexplore.in/static/data/stalelist.html

There's 168 addresses on the stale list.  I could definitely see something like 50-100 of those addresses making it to $1.  A lot of them are people who got their NEM in 2015, lost interest for various reasons (most probably boredom), and will only recall owning XEM if it makes international headlines some day.  There'll be a bunch of rags-to-riches headlines, just like Bitcoin had in 2013, and this will probably be some good marketing.

[yshin365new]

None of these coins are getting higher because of some "mobile" element, the defining moment that can be said is when a coin has achieved mass adoption.

Otherwise it's just devs and the same people who bought into the coin pumping it up.

Mobile app is good marketing and, a well-designed one, should ease the learning curve for new users.

http://prefundia.com/blog/getting-to-100000-users-paypals-60m-referral-program-that-nobody-knows-about/
PayPal spent $60 million on their referral program.

User adoption is expensive and, with exception of flukes like Tumbler and Facebook, many companies had to spend $10s of millions to get their users.   From this, you can see why crypto has struggled with mass adoption.  Bitcoin foundation barely has any money and Ethereum itself only raised like $20 million and promptly spent it all.  To get all the Joes and Janes on board, you probably have to spend $50+ million on just marketing / advertisement and wisely at that.



I think NEM will be the first crypto project to have a world class marketing budget.  There's 2 marketing funds added up to 450,000,000 XEM.  Developers / non-profit has to wait until $1,350,000,000 marketcap or $0.15 XEM and then they'll have like $67 million to utilize.  $67 million could fund a few 30-second TV ads, probably do a ton of YouTube and social media ads, product placements,  interviews on popular talk radio, et cetera.  


 
To think Ethereum has already hit that marketcap but they were too amateur, inexperienced and lacked pre-launch foresight to think about long-term marketing & advertisement.

Thanks for a nice post. 

[BigSirko]

NEM is Crypto's last hope if we want to see change in the world.  Other projects could hit $1 billion someday but would not have the funds to make anything happen and thus it would be stagnation / status quo.

[nzminer]

None of these coins are getting higher because of some "mobile" element, the defining moment that can be said is when a coin has achieved mass adoption.

Otherwise it's just devs and the same people who bought into the coin pumping it up.

Mobile app is good marketing and, a well-designed one, should ease the learning curve for new users.

http://prefundia.com/blog/getting-to-100000-users-paypals-60m-referral-program-that-nobody-knows-about/
PayPal spent $60 million on their referral program.

User adoption is expensive and, with exception of flukes like Tumbler and Facebook, many companies had to spend $10s of millions to get their users.   From this, you can see why crypto has struggled with mass adoption.  Bitcoin foundation barely has any money and Ethereum itself only raised like $20 million and promptly spent it all.  To get all the Joes and Janes on board, you probably have to spend $50+ million on just marketing / advertisement and wisely at that.



I think NEM will be the first crypto project to have a world class marketing budget.  There's 2 marketing funds added up to 450,000,000 XEM.  Developers / non-profit has to wait until $1,350,000,000 marketcap or $0.15 XEM and then they'll have like $67 million to utilize.  $67 million could fund a few 30-second TV ads, probably do a ton of YouTube and social media ads, product placements,  interviews on popular talk radio, et cetera.  


 
To think Ethereum has already hit that marketcap but they were too amateur, inexperienced and lacked pre-launch foresight to think about long-term marketing & advertisement.

Thanks for a nice post. 

Remember that if Ethereum can gain 1 billion marketcap with a completley non user friendly command line wallet then we can do well with what we have!

[pabloangello]

@pabloangello that is very true! It is also why we see why many people do not hold their coins long term. They fear that their profits will diminish. For them their paper profits are already real money which is not. They only think it is.

Yes. Holding long term is very very hard. Imagine you bought NEM at 30satoshi, it rises to 300satoshi, then try not to sell (You dont know then that it will rise to 2000sat in couple months). To do that you need to be experienced investor or complete beginner bag holder.

Hahaha. So you mean to say you have to be completely very skilled or very stupid to be a big winner in trading. That is two extremes at each end of the spectrum.

In second case (you called it "stupid") you are just lucky, sometimes.

and this:

@pabloangello that is very true! It is also why we see why many people do not hold their coins long term. They fear that their profits will diminish. For them their paper profits are already real money which is not. They only think it is.

Yes. Holding long term is very very hard. Imagine you bought NEM at 30satoshi, it rises to 300satoshi, then try not to sell (You dont know then that it will rise to 2000sat in couple months). To do that you need to be experienced investor or complete beginner bag holder.

Hahaha. So you mean to say you have to be completely very skilled or very stupid to be a big winner in trading. That is two extremes at each end of the spectrum.

There's also the absentee holder.  Bitcoin had a lot of them, people who acquired coins for fun in 2009/2010 and left them on old drives.  The absentee Bitcoin holders were only reminded about their jackpot when Bitcoin was making headlines everywhere in 2013. . .  some interesting stories about them if you set your google search filter to only 2013.

http://blockexplore.in/static/data/stalelist.html

There's 168 addresses on the stale list.  I could definitely see something like 50-100 of those addresses making it to $1.  A lot of them are people who got their NEM in 2015, lost interest for various reasons (most probably boredom), and will only recall owning XEM if it makes international headlines some day.  There'll be a bunch of rags-to-riches headlines, just like Bitcoin had in 2013, and this will probably be some good marketing.

[ElitistCA]

I always felt like ETH marketcap was so big because of banks and fin institutions bought in and probably brought price up as marketing strategy to ensure that their bet will dinstinct from rest of alts. As BigSirko said, ETH is not user friendly and is not adopted by anyone really. The only solution to big cap is that it was manipulated by likes of Goldman sachs. Do you guys think that ETH marketcap is made of genuine interest of public?

[solix]

I always felt like ETH marketcap was so big because of banks and fin institutions bought in and probably brought price up as marketing strategy to ensure that their bet will dinstinct from rest of alts. As BigSirko said, ETH is not user friendly and is not adopted by anyone really. The only solution to big cap is that it was manipulated by likes of Goldman sachs. Do you guys think that ETH marketcap is made of genuine interest of public?

Agreed... there was some VC money swirling around in there. Smoke filled rooms with backroom handshakes, no doubt. The crypto investors mostly bought in during the Fomo period. Most ico buyers were busy dumping at one dollar, not buying from my observations and conversations. The market cap was a knee jerk to some sort of stimulus from interested investors that probably got sold on it. The Ethereum folks certainly are not rivaled in the evangelism and social networking category. Even with the current market cap, can anyone think of one single "killer" app that required smart contracts? The DAO was a bust, Augur might be good, but who knows.

Bottom line, that 1 billion is speculation, not practical application valuation imho.

[nzminer]

I always felt like ETH marketcap was so big because of banks and fin institutions bought in and probably brought price up as marketing strategy to ensure that their bet will dinstinct from rest of alts. As BigSirko said, ETH is not user friendly and is not adopted by anyone really. The only solution to big cap is that it was manipulated by likes of Goldman sachs. Do you guys think that ETH marketcap is made of genuine interest of public?

Agreed... there was some VC money swirling around in there. Smoke filled rooms with backroom handshakes, no doubt. The crypto investors mostly bought in during the Fomo period. Most ico buyers were busy dumping at one dollar, not buying from my observations and conversations. The market cap was a knee jerk to some sort of stimulus from interested investors that probably got sold on it. The Ethereum folks certainly are not rivaled in the evangelism and social networking category. Even with the current market cap, can anyone think of one single "killer" app that required smart contracts? The DAO was a bust, Augur might be good, but who knows.

Bottom line, that 1 billion is speculation, not practical application valuation imho.

I agree, and also partially because a big amount was raised with the ICO...

[ja23]

None of these coins are getting higher because of some "mobile" element, the defining moment that can be said is when a coin has achieved mass adoption.

Otherwise it's just devs and the same people who bought into the coin pumping it up.

Mobile app is good marketing and, a well-designed one, should ease the learning curve for new users.

http://prefundia.com/blog/getting-to-100000-users-paypals-60m-referral-program-that-nobody-knows-about/
PayPal spent $60 million on their referral program.

User adoption is expensive and, with exception of flukes like Tumbler and Facebook, many companies had to spend $10s of millions to get their users.   From this, you can see why crypto has struggled with mass adoption.  Bitcoin foundation barely has any money and Ethereum itself only raised like $20 million and promptly spent it all.  To get all the Joes and Janes on board, you probably have to spend $50+ million on just marketing / advertisement and wisely at that.



I think NEM will be the first crypto project to have a world class marketing budget.  There's 2 marketing funds added up to 450,000,000 XEM.  Developers / non-profit has to wait until $1,350,000,000 marketcap or $0.15 XEM and then they'll have like $67 million to utilize.  $67 million could fund a few 30-second TV ads, probably do a ton of YouTube and social media ads, product placements,  interviews on popular talk radio, et cetera.  


 
To think Ethereum has already hit that marketcap but they were too amateur, inexperienced and lacked pre-launch foresight to think about long-term marketing & advertisement.

Thanks for a nice post. 

Remember that if Ethereum can gain 1 billion marketcap with a completley non user friendly command line wallet then we can do well with what we have!

The thing about Ethereum is the extreme hype and marketing. Nem has a better technology than Bitcoin, but that won't overcome the Bitcoin brand.

[gentlemand]

The thing about Ethereum is the extreme hype and marketing. Nem has a better technology than Bitcoin, but that won't overcome the Bitcoin brand.

What NEM needs is more community. I hear about things going on in the Far East, but this is the prime thread in the English speaking world and there are often several hours between posts.

The nem.io forum might manage one or two new threads a day with the wind behind it and the reddit sub has less than 200 subscribers.

There are total junk coins with way, way more conversation swirling around them.

 It doesn't need pumps. It needs more interest. It must have attracted plenty of passing interest by now but it's still not sticking and I'm not sure why.