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

[NorrisK]

If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem

I guess it's never going to happen next, and it sounds impossible.

It does but you bought btc at $1 and someone said it would be worth $1200+ within a few years, it would sound impossible too.

The one thing i know that nothing is impossible in crypto world, ofcourse it wont ever hit 1200$ because of supply but the possiblity of hitting 1$ is not that impossible.

Maybe we should focus less on the price and more on the possibilities that NEM offers?

Besides, 1 USD is still very far away, let's get to 0.1 USD first, which brings NEM to the market cap that ether had during its previous high.

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[suky321]

If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.

At that time the cost of a supernode would be $3,000,000.  Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.

[rendravolt]

If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.

At that time the cost of a supernode would be $3,000,000.  Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.

But now everything has changed.

[tolikkk]

If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.

At that time the cost of a supernode would be $3,000,000.  Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.

I think that it will be revised in the direction of reduce rates in your purse, otherwise it may be unchanged, but with reputable companies, here are a few questions, one of which is the status of the host is not changed the condition stipulated in the white paper, I think, these issues will be rising in the future

[rigel]

I wonder if one day they will lower the amount of XEM you need to run a supernode,3 million is super expensive now, i think for purposes of decentralization... they gotta do it.

Has been discussed before. I don't think it will happen.

Increasing the number of supernodes would reduce profitability

It will reduce profitability but will it not strengthen the network even more?

I'm not sure about this... What if people start using low end VPSs because of reduced profit?

[ApexEvo]

Hey guys, Im original investor of NEM and very happy with progress team achieved, but Im reading more and more about quantum computers, seems that IBM will offer some basic form of quantum computation this year. How is NEM standing in resistence towards quantum computation?

[gbcholgi]

Hi, is there a posibility to get Xem directly with € ?

[nzminer]

How is NEM standing in resistence towards quantum computation?

Same could be asked about any cryptocurrency.

Firstly, quantum computers are not anywhere near powerful yet to achieve these tasks.

Secondly, the algorithms in NEM are pretty well written and are designed in such a way that would make it very difficult to crack.

But I Believe the only way to make something quantum proof is if it was written on a quantum computer itself.

People are exploring ways currently to make something binary quantum proof, but we will wait and see. We have many years until we need to worry about this.

[teletobi]

@suky321: Daily SN payout is between 380 and 450 the last weeks, not 500. There are 140.000 xem distributed every Day.

@nzminer: IOTA is claiming to be quantum proof.

[nzminer]

@nzminer: IOTA is claiming to be quantum proof.

Yes I believe so.

Is this to do with the use of the Jinn ternary processor project?

[gentlemand]

How can you be proofed against something that doesn't exist yet?

[KimNg]

How can you be proofed against something that doesn't exist yet?

Correct, proof is the wrong word. IOTA is quantum-resistant because it uses Winternitz signing.

NEM and IOTA are my top picks. They are two of the most innovative platforms out there. Potential++ 

[howi53]

Hi, is there a posibility to get Xem directly with € ?

I think changelly.com will work. As far as I know they accept Visa and Mastercard. Please let me know if it is true.
But reverse (XEM to Euro) not.

[cryptonit]

If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.

At that time the cost of a supernode would be $3,000,000.  Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.

dont forget supernodes is a temporary thing
NEM is designed around harvesting tx fees
supernodes only simulate tx fee income from a fund pot which when it is empty supenode payouts will stop too
as i understand the supernode payout will run max 2 or 3 years
in that timeframe the daily tx volume and possible to harvest fee income should generate a similar income stream

never forget XEM is zero inflation
there is no coins come out of nothing

[PovertyByte]

I have a wallet harvesting question

I got 700 XEM on the android mainnet beta wallet. I looked at it and over 600 is vested towards harvesting now. I thought there was a minimum limit to begin harvesting.

[freigeist]

I have a wallet harvesting question

I got 700 XEM on the android mainnet beta wallet. I looked at it and over 600 is vested towards harvesting now. I thought there was a minimum limit to begin harvesting.

I think the minimum limit is 10000 xem vested to start harvesting.
If you want to start harvesting fund your wallet with 100 000 xem so that
you don't have to wait long time before this amount of 10000 get vested.

[seek4dream]

My NEM wallet worked well yesterday.
After computer crash, it won't work. it says "NIS is running(booted).NCC is stopped" .
I reinstalled the wallet but it doesn't work.
Whatt should be done?

[kauppalahti]

I have a wallet harvesting question

I got 700 XEM on the android mainnet beta wallet. I looked at it and over 600 is vested towards harvesting now. I thought there was a minimum limit to begin harvesting.

I think the minimum limit is 10000 xem vested to start harvesting.
If you want to start harvesting fund your wallet with 100 000 xem so that
you don't have to wait long time before this amount of 10000 get vested.

@Freigeist is back!   Hi there!

[BloodyRookie]

My NEM wallet worked well yesterday.
After computer crash, it won't work. it says "NIS is running(booted).NCC is stopped" .
I reinstalled the wallet but it doesn't work.
Whatt should be done?

try deleting c:\users\<your_user>\nem\ncc\accounts_cache_mainnet.json

[seek4dream]

My NEM wallet worked well yesterday.
After computer crash, it won't work. it says "NIS is running(booted).NCC is stopped" .
I reinstalled the wallet but it doesn't work.
Whatt should be done?

try deleting c:\users\<your_user>\nem\ncc\accounts_cache_mainnet.json

It works again. Many thanks.