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

[swisswatch]

The LIQUI EXCHANGE promise 24% per year profit, or 0.066% per day. Polo +- the same. 0.066% from 3m is 2000 xem per day.
  Problem is that they accept only BTC for this purpose. And if i sell all my xem today, and xem price skyrocket next day, i lost much more coins then 2000

so there is no correct answer to the question "do i need sell 3m xem and give 30btc to polo landing, or keep running a supernode to take more profit"

So high annual rate may refer to ponzi scam, be cautious!

[1714895654]

1714895654

[raphma]

The LIQUI EXCHANGE promise 24% per year profit, or 0.066% per day. Polo +- the same. 0.066% from 3m is 2000 xem per day.
  Problem is that they accept only BTC for this purpose. And if i sell all my xem today, and xem price skyrocket next day, i lost much more coins then 2000

so there is no correct answer to the question "do i need sell 3m xem and give 30btc to polo landing, or keep running a supernode to take more profit"

well... bitcoin price can skyrocket too 
but yeah, there's no correct answer, they both have pros and cons. i just dont think 3m xem still the way to go since the price has increased a lot.

anyway, lets hope for a bright future for xem so with or without the node we all will be happy

[gadado]

You missed this or overread it:

Multi that by 2x in week reward we be doubled that mean 140 000xem insead 70 000xem for all nodes so you will get about 600 again

NEM supply is fixed and, with the supernode increase on September 1st, it appears to be close to 10% and no inflation is robbing that.

Where in the world you get 10% interests this days?
From an investment side it comes very close to a DASH master node.

Sometimes I wonder why the world isn't all over cryptos already but then when I read those bickering on the forums in other threads I know again.

The question for me as a potential supernode investeor isn't if it is a good investement from the interest but if it is a lasting and safe investment.

Your interest is worth nothing if the coin loses value the next years. This should be your main focus in crypto as investor.

If I knew for sure that the coin keeps its value or speculative even gains value AND will yield me that interest also after 10 years there were no question for me what to do.

But like with all crypto you will invest in something with a total lose risk. Is the interest worth the risk?

I agree with you that investing 30 btc is a significant value where someone should not be that easly ready to put in because it is a high risk investment (financial seen crypto is high risk)
It however also contains a a potential high gain when the coin value grows which we all hope.

For me that claimed a stack for almost free 2 years ago I only have to stock up about 1 mil and I am thinking for and back if I should do that or not.

The problem I have with upgrading is that it turns my risk free gift from the past into a risk of 10 btc in case of a total lose. I don't think that is happening but it is a real existing risk that you should never ignore. Valid for so many other investment in the real financial world too a lot ppl simple forget.

Also the interest -xem-pool is finit. It will dry up in about 10 years I believe (from my memory I don't know the real year numbers. 10 years. 20 years?). The point here is it is finit so if the coin did not gain the traction everyone hopes then you lose this income.

[jelin1984]

XEM add at new big exchange

to the moonnnnnnnnn


 
https://hitbtc.com/exchange/XEM-to-BTC

[garp]

Inflation.  Since August 2015, Dash has added 1 million coins to the total supply.  Dashnode is a "18%" return but this number people will throw around does not account for the massive inflation inherent on the network.   This deception is no different than how your neighborhood bank offers ~2% on a term deposit but the consumer purchasing index inflation robs most of those gains.

Libertarian politicians like Ron Paul would tell you inflation is a tax on the poor and middle class (and arguably the ignorant).  I find it strange why a lot of cryptocurrencies are obsessed with inflating themselves to the moon.  How is this an improvement on the Federal Reserve?  Newflash: it isn't.

NEM supply is fixed and, with the supernode increase on September 1st, it appears to be close to 10% and no inflation is robbing that.  You can run a SuperNODE, let the payouts accumulate and later when the price is higher you can sell.  If you tried that on Dash, and say waited year(s) until selling, then the accumulated inflation will erode your ROI.


As well inflation itself is not good for a market when it goes bear.  Miners / Dumpers still dump, regardless of what is happening, and I have seen them killed countless coins.

dude, again, lending, dash, those are examples and there others (i gave another good example too, XVC(cheaper and more profitable))....
the main point is, 30btc "locked" is way too much money.... 300xem/day doesnt worth.

and you may say "oh, but you trust XEM you should accumulate/help the network"

with 1 btc i can make way more than 300k satoshi per day and buy XEM to accumulate.
and if the point is help the network, well, ok then... but i really think they should rework the node, maybe reducing the amount needed.

again, 30btc is WAY too much for this node and XEM, like any other currency, have risks too.

Hey, there is not a lot of discussion needed here.
If you think the amount is too much, and you're entitled to have that opinion, than don't run a supernode. It's that simple.

[garp]

https://hitbtc.com/exchange/XEM-to-BTC

Great news, let's hope volume will follow...

[XbladeX]

...
Hey, there is not a lot of discussion needed here.
If you think the amount is too much, and you're entitled to have that opinion, than don't run a supernode. It's that simple.

All depends on amount of money which people have to invest.
For me running supernode with delegated priv key is more safe than run such think on any another coin with priv key.
Like with all coins who can be mine or stake is same risk but i think that NEM have good chance to get high becose
stockmarket crash is upcomming and big waves of moey will seek their "safe" bay if 1% of those founds will move into
BTC Gold it will move up 10x-50x cryptocoin market cap.

I feel better keeping crypto/gold/silver than any fiat money now in hand guys.
We are on begging now of crypto not many coins will live in next 10-20 years but those who will will go 10-1000x higher.
We are living at beggining information age.

[gentlemand]

the point is: i like xem, i would like to support xem... but still, i dont think it worth.
i can only make a critique if it is positive?

It's a ludicrous idea to put 30 BTC into something to get a trickle in return but I'll guess the price rise hadn't been anticipated when it was set up.

It's really only viable for people who already have an early stack and are in it for the long run which is exactly the right demographic needed.

The whole point of the supernodes is to be the backbone of the system. You wouldn't want people who were chopping and changing all the time as they'd add nothing but instability.

[XbladeX]

...
The whole point of the supernodes is to be the backbone of the system. You wouldn't want people who were chopping and changing all the time as they'd add nothing but instability.

And what is more important those coins are laying onlie outside exchages while most POS coins live on exchange.
Those POS coins stack hard on bttrex or polo. When such exchange is hacked it can cause big problem for any POS coin community.
You remember what drama was with NXT,VRC when hackers got those coins high chunk of it.
In NEM such supernodes are great we have 300x3 ~900M coins guarding network this is probably about 15% of all coins available is constantly online.

[gentlemand]

I never bothered to add it up. That's a cool statistic.

[XbladeX]

I never bothered to add it up. That's a cool statistic.

When exchange is compromised then you start worrying about it like NXT community was with Bter fiasco.
Hacker took 10% and then suddenly many wanted rollback or block coins, and  people have concerns about easy attack on network.
They wanted rollback and shit like that but bter owner payed hacker some money and problem was solved.

Till real problems this is fun statistic later such coin is really hard to promote.
Just because this is not happening often it doesn't mean its kind of serious problem.

[raphma]

If i were one of those early investors, i would make a node. there's no argue on that. my point is all about the new comers(like me).
@gentlemand seems to be only one understanding. 30btc in ANY coin is a risky investment.

@gadao
Even with the "2x week" still doesnt make sense.... all you said apply to xem too. when you invest in XEM there's no guarantee it will go up.

Hey, there is not a lot of discussion needed here.
If you think the amount is too much, and you're entitled to have that opinion, than don't run a supernode. It's that simple.

wtf? where should i discuss that then? is this thread only to "xem to moon" related discussion?? fuc* off dude.

[XbladeX]

....
wtf? where should i discuss that then? is this thread only to "xem to moon" related discussion?? fuc* off dude.

Who said that investing in NEM super node is deal of life ?
At end markets always are seeking balance but you must agree that 300x3m supernode at 30BTC is quite impressive amount.
For people who are not afraid put 30BTC at  any coin super node is quite good addition to overall investment.
For some people having supernode is more prestige than some sort of investment.
And what is quite good those nodes are free from hack because of delegated harvesting and such calm sleep you won't have in most of
"nodes" around. I won't tell anyone that getting 3m of xem is his deal of life because price can just go down and week later it can go up.
Gold is less risky but then you can get fake gold bars like once USA wanted cheat China.

PS: Maybe when i go on retainment i will be able to live from having supernode - you know that is my dream,
but noone knows a future.

[BigSirko]

http://prtimes.jp/main/html/rd/p/000000035.000012906.html
Zaica exploring the concept of NEM mosaic to issue virtual currency, electronic trading cards, voting cards

[BigSirko]

https://hitbtc.com/exchange/XEM-to-BTC

Great news, let's hope volume will follow...

HitBTC also thinking of add XEM/EUR, first EUR outlet for XEM.

[boomboom]

the point is: i like xem, i would like to support xem... but still, i dont think it worth.
i can only make a critique if it is positive?

It's a ludicrous idea to put 30 BTC into something to get a trickle in return but I'll guess the price rise hadn't been anticipated when it was set up.

It's really only viable for people who already have an early stack and are in it for the long run which is exactly the right demographic needed.

The whole point of the supernodes is to be the backbone of the system. You wouldn't want people who were chopping and changing all the time as they'd add nothing but instability.

running a supernode is a good option for guys who don't make income from day-trading. if you don't trade you need an income stream to live on, and supernodes could easily pay the rent one day, but I agree, it's for rusted on NEMsters who accumulated a stack in the early day (or sock masters from jan-feb 2014)

[fob123]

i know a guy who lives in a 3rd world country that runs 6 supernodes.
He quit his job 2 months ago and is now living off the rewards generated by the 6 nodes.

[boomboom]

i know a guy who lives in a 3rd world country that runs 6 supernodes.
He quit his job 2 months ago and is now living off the rewards generated by the 6 nodes.

interesting, so are 6 supernodes with 3M each better than 1 supernode with 18M?

[fob123]

i know a guy who lives in a 3rd world country that runs 6 supernodes.
He quit his job 2 months ago and is now living off the rewards generated by the 6 nodes.

interesting, so are 6 supernodes with 3M each better than 1 supernode with 18M?

the balance doesn't mean anything, as long as u have 3m thats all it counts.
each node gets a reward, so yes you need to split them up.

[fragout]

Still no supernode in Africa - http://nemnodes.org/