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

[Dr Charles]

Just joined the XEM train and will be setting up a node shortly. Look forward to joining the community.

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[rajc]

NEM is awesome!

I am just concerned about one thing: I will be developing a solution on NEM, that will obviously require XEM to pay for transactions. My worry is that XEM might get so expensive, that it will negatively affect my business plan/financial projections.

I would like to see some formal communication from the NEM team on the price adjustment strategy for XEM as the price rises. Paying an annual fee of 5000 XEM for a namespace is starting to become quite a little bit of money.

I agree that the current fees are too high if the price stays where it is now. But it could also just be a spike and setle lower, who knows.
Thats why i would like to wait a bit more vs. updating fees every 2 months.

I would also like to know if there is some "oficial" fees adjustment strategy. Even if price settles at half of what it is now, fees are quite high.

[fragout]

any plan to reduce the amount required to build a masternode ?

3 000 000 is just crazy and stupid now with this price.

$200,000+ is a tad high for some i guess . Question is though, if it is reduced, will Mr average supernode person dump. Probably some will but i suspect most will just multiply the number of Nodes they have depending on how much the balance requirement is.

[Nepuz]

How much XEM can I expect with 100 000 XEM in delegated harvesting ?!

I have the same question. Delegated harvesting with 16 000 XEM?

[smbbm]

How much XEM can I expect with 100 000 XEM in delegated harvesting ?!

I have the same question. Delegated harvesting with 16 000 XEM?

It's not possible to determine amount NEM harvested in advance. And considering that you might gain "only" part of network fees indicates that harvesting gains will be  lower compared to mining of mine-able coins. Based on some numbers, people were harvesting around 0-100 XEM (w/ 10,000), resp. 0-1000 XEM (w/ 100,000) per month. However harvesting profit is not that important because NEM is better for storing value than any mine-able coin due to 0% inflation and so any harvested XEMs are only small extra bonus that costs you nothing. Of course more XEM you have, greater your importance in network is. 10,000 XEM is a minimum, 1,000,000 is somewhat high importance (I believe there is strict linear proportion) and with 3,000,000 you can establish supernode and earn really significant fee share plus some extra payments. But PoI is not PoS so there are other effects that influence your importance in NEM network. I hope this gave you some picture about the situation.

[thatbluedude]

Is there a NEM exchange that has trailing stop orders?

[Dr Charles]

Is there a NEM exchange that has trailing stop orders?

basic stop-limit on Polo but not aware of anywhere with trailing stops for XEM. Anyone else?

[cryptonit]

any plan to reduce the amount required to build a masternode ?

3 000 000 is just crazy and stupid now with this price.

the aim of supernode fund was to have a high performance backbone of 400-500 servers
and that is reached

u can expect that in future requirements to be qualified as a supernode might even more raise
not in coins but in server performance

this backbone will when mainstream opens have to handle all the nanowallets which basically use the supernode bankbone

[KevBon]

Is there a NEM exchange that has trailing stop orders?

basic stop-limit on Polo but not aware of anywhere with trailing stops for XEM. Anyone else?

I am not aware of any either.

On the topic of trading I have a question.  50% of my holdings are in XEM and the other 50% are for trading with the idea that profits would buy more XEM.  I have never seen anything like today when BTC crashed and the alts seemed to follow.  I wanted to sell some other inferior coin that was getting pumped but as I was looking to sell I noticed that BTC was getting beaten up too.  (And probably worse than the alt I wanted to sell)  I held on and didn't sell but I am not sure if that was the best thing to do. 

Does anyone know a strategy to best survive in this scenario when BTC is crashing with the alt coins? 

[LemonAndFriesOne]

Is there a NEM exchange that has trailing stop orders?

basic stop-limit on Polo but not aware of anywhere with trailing stops for XEM. Anyone else?

I am not aware of any either.

On the topic of trading I have a question.  50% of my holdings are in XEM and the other 50% are for trading with the idea that profits would buy more XEM.  I have never seen anything like today when BTC crashed and the alts seemed to follow.  I wanted to sell some other inferior coin that was getting pumped but as I was looking to sell I noticed that BTC was getting beaten up too.  (And probably worse than the alt I wanted to sell)  I held on and didn't sell but I am not sure if that was the best thing to do.  

Does anyone know a strategy to best survive in this scenario when BTC is crashing with the alt coins?  

1. Put in what you are willing to lose.
2. Diversify.
3. Decide if you are a day-trader or long-term holder.

[cryptonit]

Does anyone know a strategy to best survive in this scenario when BTC is crashing with the alt coins? 

buy XEM
hold
harvest

go into wintersleep 3 years
wake up 2020 and realize u never ever have to work ur whole live

[TaunSew]

any plan to reduce the amount required to build a masternode ?

3 000 000 is just crazy and stupid now with this price.

Sometimes you have to spend money to make money.  Welcome to the world of being a grown up. 

[cryptonit]

any plan to reduce the amount required to build a masternode ?

3 000 000 is just crazy and stupid now with this price.

Sometimes you have to spend money to make money.  Welcome to the world of being a grown up.  

yes grown up like someone who bought at 40 and face now x100

no it have nothing to do with being a grown up

its to be at right time on the right place and take the right decision

i dont say if u have the funds buy a supernode would be bad idea now

but if u dont have the funds u are to late like BTC 100$ will never come again XEM at 100 satoshi will never come again

now its playground of early adopter or late comer but rich people to be able run a supernode

[jelin1984]

XEM soon 1BN market cap !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Polcrack]

Go nem goooooo Im holding until 2020 !!!

[NORMAN MAYER KEY]

XEM soon 1BN market cap !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

In 20's will 40-100BN.

[pfrtlpfmpf]

Guys, i have tried to convince my girlfriend of 30 years. 30 years!  She says: No, i want Euro.
Guys, i have tried, a million times, but she says "no".  Do i have the most stupid girlfriend around now ?
She has her G6, and nothing can reach her.

I guess, i have to buy her a cappuccino now and then, but always with the remark: Man, you were so stupid back then . . .
I´m puting this as a message on the blockchain, just so she won´t forget that moment.
I myself, buying more XEM . . .

[Big Naturals]

Is there good guide to setting up a Supernode on windows?

Are there any Supernode pools?

[pfrtlpfmpf]

Guys, i have tried to convince my girlfriend of 30 years. 30 years!  She says: No, i want Euro.
Guys, i have tried, a million times, but she says "no".  Do i have the most stupid girlfriend around now ?
She has her G6, and nothing can reach her.

I guess, i have to buy her a cappuccino now and then, but always with the remark: Man, you were so stupid back then . . .
I´m puting this as a message on the blockchain, just so she won´t forget that moment.
I myself, buying more XEM . . .

Smart contracts, hmm ?

[aguila]

The 3.000.000 XEMS requirements to open a node sucks, A while ago after I finished configuring my server to open a node, just before launch was when I noticed my mistake for not reading the requirements.