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

[frankenzipfel]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

See here:
https://coinmarketcap.com/currencies/nem/#markets

 

[1714832987]

1714832987

[1714832987]

1714832987

[1714832987]

1714832987

[1714832987]

1714832987

[1714832987]

1714832987

[Jiddu]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

How much is some for you?

There's no official faucet yet I think: https://www.nem.io/buy.html?setLng=en

[jakelyson]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

Do you mean if you can earn xem, like payment for services or faucet? If so, I have not seen any thing yet. For now, all I know is either you buy it from exchanges or harvest it. You can learn more about harvesting from here https://blog.nem.io/tag/harvesting/

[tontsa74]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

There you can find some bounty's
https://forum.nem.io

[cryptonit]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

There you can find some bounty's
https://forum.nem.io

XEM is a limited good with zero inflation
get some for free should not be possible

like every other good of value u can work earn money and spend that money to buy it

[tontsa74]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

There you can find some bounty's
https://forum.nem.io

XEM is a limited good with zero inflation
get some for free should not be possible

like every other good of value u can work earn money and spend that money to buy it

https://i.imgur.com/TMOIPJ0.png

Agree, and for clarification to all, those bounty's aren't free, need some work to get.

[teletobi]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

PM me your Address, I'll send you some.

[LemonAndFriesOne]

Guys, sorry for my question... where can i get some XEM? It means without buyn on Polo. Maybe faucet or something else?

PM me your Address, I'll send you some.

PM me also, I'll throw some NEM to play with your way.

Nothing wrong with giving out some samples to play with for newcomers. 

[TaunSew]

https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
https://blog.indiesquare.me/the-new-bitcoin-regulation-in-japan-worse-than-the-bitlicense-e669618d69e0#.h74uhjvok

Japan's new Bit License coming into effect in March and already dubbed "worse than New York's Bit License".  Need $500,000 and spend $Millions in Japan to be approved.  IOUs and Tokens like CounterParty and Augur are banned.  There will be an approved list of cryptocurrencies and no indication yet if NEM will be on that list or not.

[visaco]

“Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to the public,” according to the letter of the law. So, in short, if they haven’t heard of your coin before, you are not getting approved.

Good news .. this  ll make nem even more legit.
since nem is well established in japan...NEM COMPANIES LIKE
.HITASHI MINJIN AND OTHER  HAVE ENOUGH RESOURCES TO GET THE LICENSE.

bad news for small startup .

[nzminer]

“Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to the public,” according to the letter of the law. So, in short, if they haven’t heard of your coin before, you are not getting approved.

Good news .. this  ll make nem even more legit.
since nem is well established in japan...NEM COMPANIES LIKE
.HITASHI MINJIN AND OTHER  HAVE ENOUGH RESOURCES TO GET THE LICENSE.

bad news for small startup .

Yes I agree, we are in a good position to get licenced, but hard for the small players to try and enter, bit unfair to those, but in saying that, hopefully it will put an end to all the shitcoins out there, in Japan anyway.

[tolikkk]

“Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to the public,” according to the letter of the law. So, in short, if they haven’t heard of your coin before, you are not getting approved.

Good news .. this  ll make nem even more legit.
since nem is well established in japan...NEM COMPANIES LIKE
.HITASHI MINJIN AND OTHER  HAVE ENOUGH RESOURCES TO GET THE LICENSE.

bad news for small startup .

Yes I agree, we are in a good position to get licenced, but hard for the small players to try and enter, bit unfair to those, but in saying that, hopefully it will put an end to all the shitcoins out there, in Japan anyway.

license$ 500,000 there is the possibility of the withdrawal of business abroad, in offshore, because the only serious office with a billion dollars will be able to master such costs, of course, for small-scale private capital and the creation of digital assets may not be considered

[gsxrl3oi]

when would catapult be released?

[greentea]

https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
https://blog.indiesquare.me/the-new-bitcoin-regulation-in-japan-worse-than-the-bitlicense-e669618d69e0#.h74uhjvok

Japan's new Bit License coming into effect in March and already dubbed "worse than New York's Bit License".  Need $500,000 and spend $Millions in Japan to be approved.  IOUs and Tokens like CounterParty and Augur are banned.  There will be an approved list of cryptocurrencies and no indication yet if NEM will be on that list or not.

Man, this is not a good move for crypto in Japan.  Really a roadblock for both bitcoin and alts and hard to see the long-term affects of this.

For example, what does Zaif have to do to become complaint just to operate as an exchange?

It would be nice if anyone from the NEM team could chime in on how this may affect NEM's operations in Japan.

[TaunSew]

https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
https://blog.indiesquare.me/the-new-bitcoin-regulation-in-japan-worse-than-the-bitlicense-e669618d69e0#.h74uhjvok

Japan's new Bit License coming into effect in March and already dubbed "worse than New York's Bit License".  Need $500,000 and spend $Millions in Japan to be approved.  IOUs and Tokens like CounterParty and Augur are banned.  There will be an approved list of cryptocurrencies and no indication yet if NEM will be on that list or not.

Man, this is not a good move for crypto in Japan.  Really a roadblock for both bitcoin and alts and hard to see the long-term affects of this.

For example, what does Zaif have to do to become complaint just to operate as an exchange?

It would be nice if anyone from the NEM team could chime in on how this may affect NEM's operations in Japan.

I don't think people understand the gravity of this decision.  Bit License applies to everything, not just exchanges.  Someone like Takao Asyama could be on the hook for paying $500,000 for BitGirls, $500,000 for Mijin and $500,000 for Zaif and then another $4,000,000+ for compliance.   Though I'm thinking creative accounting can be done, by putting everything under Tech Bureau, to reduce it down to $500,000 but still.  

Question is can Japan's Blockchain Consortium (BCCC) even put together $500,000 to get a license too?  Who will be donating that money to keep it going?  Usually those kind of organizations crumble like an old cookiee when freeloader syndrome kicks in.   A bit more extreme but remember when R3 started holding their hand out for money and then people just starting leaving in droves.

[nzminer]

https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
https://blog.indiesquare.me/the-new-bitcoin-regulation-in-japan-worse-than-the-bitlicense-e669618d69e0#.h74uhjvok

Japan's new Bit License coming into effect in March and already dubbed "worse than New York's Bit License".  Need $500,000 and spend $Millions in Japan to be approved.  IOUs and Tokens like CounterParty and Augur are banned.  There will be an approved list of cryptocurrencies and no indication yet if NEM will be on that list or not.

Man, this is not a good move for crypto in Japan.  Really a roadblock for both bitcoin and alts and hard to see the long-term affects of this.

For example, what does Zaif have to do to become complaint just to operate as an exchange?

It would be nice if anyone from the NEM team could chime in on how this may affect NEM's operations in Japan.

I don't think people understand the gravity of this decision.  Bit License applies to everything, not just exchanges.  Someone like Takao Asyama could be on the hook for paying $500,000 for BitGirls, $500,000 for Mijin and $500,000 for Zaif and then another $4,000,000+ for compliance.   Though I'm thinking creative accounting can be done, by putting everything under Tech Bureau, to reduce it down to $500,000 but still.  

Question is can Japan's Blockchain Consortium (BCCC) even put together $500,000 to get a license too?  Who will be donating that money to keep it going?  Usually those kind of organizations crumble like an old cookiee when freeloader syndrome kicks in.   A bit more extreme but remember when R3 started holding their hand out for money and then people just starting leaving in droves.

I think Japan has to be careful.
But basically with the price that high, perhaps they are hoping to shut down all cryptocurrencies?
Will wait and see.
Would be a very hard thing to try and enforce, it will just make its use go underground.

Who even paid the $500,000 for butcoin to be "licensed"?

[gentlemand]

You can buy at the Polo XEM 3 million, and include supernode in the end you will receive 6 XEM for 1 block, given the potential growth of this coin, it is doubly advantageous for node profit, and profit from the fact that the price of the token increases

Did you attempt to read the posted sentence? It included not buying anything and also not buying anything on Poloniex. And someone who wants something for nothing probably doesn't have $20,000 to pay upfront to earn 6 XEM.

[TaunSew]

https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
https://blog.indiesquare.me/the-new-bitcoin-regulation-in-japan-worse-than-the-bitlicense-e669618d69e0#.h74uhjvok

Japan's new Bit License coming into effect in March and already dubbed "worse than New York's Bit License".  Need $500,000 and spend $Millions in Japan to be approved.  IOUs and Tokens like CounterParty and Augur are banned.  There will be an approved list of cryptocurrencies and no indication yet if NEM will be on that list or not.

Man, this is not a good move for crypto in Japan.  Really a roadblock for both bitcoin and alts and hard to see the long-term affects of this.

For example, what does Zaif have to do to become complaint just to operate as an exchange?

It would be nice if anyone from the NEM team could chime in on how this may affect NEM's operations in Japan.

I don't think people understand the gravity of this decision.  Bit License applies to everything, not just exchanges.  Someone like Takao Asyama could be on the hook for paying $500,000 for BitGirls, $500,000 for Mijin and $500,000 for Zaif and then another $4,000,000+ for compliance.   Though I'm thinking creative accounting can be done, by putting everything under Tech Bureau, to reduce it down to $500,000 but still.  

Question is can Japan's Blockchain Consortium (BCCC) even put together $500,000 to get a license too?  Who will be donating that money to keep it going?  Usually those kind of organizations crumble like an old cookiee when freeloader syndrome kicks in.   A bit more extreme but remember when R3 started holding their hand out for money and then people just starting leaving in droves.

I think Japan has to be careful.
But basically with the price that high, perhaps they are hoping to shut down all cryptocurrencies?
Will wait and see.
Would be a very hard thing to try and enforce, it will just make its use go underground.

Who even paid the $500,000 for butcoin to be "licensed"?

The Japanese lawyers and accountants know these things better than we foreigners ever could.  Maybe there's a loophole for people to get around the $500,000, especially if they are a non-profit or non-revenue entity.

I think the bigger concern is there's no information about who is on the official list and there will probably be some arbitrary decision making based on whale volume and not actual usage within Japan.  In terms of usage, XEM exceeds Ethereum and Litecoin in Japan and half the traffic to NEM.io is from Japan but the exchange volume doesn't really indicate that to whatever bureaucratic officer or committee makes up the list.


Not that they would ask for my input but:

1.  I can agree with tokens and IOUs being banned.  Almost all are vaporware scams or used as toys by whales.
2.  Clones shouldn't be permitted.  Litecoin, Doge and Ethereum classic are just redirecting volume from better projects and they're actually holding crypto from moving ahead.
3.  Darknet coins shouldn't be permitted due to criminality usage (and Monero falls under #2 due to being a copy of Bytecoin).
4.  Keep Ethereum off the list.  Probably will never happen, because they've had a few people networking with officials for awhile, but the Ethereum platform has been host to many tokens and IOUs (see #1), the DAO hack and other fraudulent schemes.  I don't think anyone actually uses Ethereum in a non-speculative fashion in Japan.

Not that they would ever make Bitcoin illegal but at some point they should consider charging a carbon tax on Bitcoin or the volume of Bitcoin, because Bitcoin network already uses more electricity than entire countries.  There's no rationale behind Bitcoin adoption when newer technology like XEM is very energy efficient, the most secure (see China CERT report), faster TPS and XEM should be promoted as much as possible.

[greentea]

You can see how Japan's volume in BTC is going bananas
https://coinmarketcap.com/exchanges/volume/24-hour/all/

Zaif and Bitflyer are at the top 2, both japanese exchanges.

Seems people are getting their positions how they want before the red tape gets lad down ...

[TaunSew]

You can see how Japan's volume in BTC is going bananas
https://coinmarketcap.com/exchanges/volume/24-hour/all/

Zaif and Bitflyer are at the top 2, both japanese exchanges.

Seems people are getting their positions how they want before the red tape gets lad down ...

If I am not mistaken, #1 Japan has overtaken China for some time (it wasn't just January) and #2 I think people may be racing to the exchanges to buy coins / sell coins before the licenses go through.

Actually I don't know when the license even goes in.  I usually think of March as spring but spring technically goes from March until May / June.