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

[kashish948]

There are lot of NEM millionares in the dev team now (Bloodyrookie etc) and i hope they dont just cash in and move to a tropical island or if they do to take me 2

yeah i hope that does not happen 

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[Alohaboy?!]

So a few thoughts & observations from watching coinmarketcap this week.
as I type this the total market cap is over $52 BILLION.
I remember a few months ago it was around 21 Billion total.. so a TON of new money has flooded into crypto in the last 6+ months
Bitcoin's Dominance is at an all time low, only 52%

Looking at the top 10-20 coins, it looks like there's a flood of people trying to get in on the "penny" coins trying to cash in on the next big thing. all the "major" coins, bitcoin, eth, dash etc. are all well over $50-100 apiece, too much for anyone to really try and gain some cash from speculating.
Nem, Ripple, Lumens etc have all had tremendous gains recently, and they're all the ones that were or are a few cents.

Even with Nem's meteoric rise in price, it's still only trading with a fraction of the volume of the other penny coins, $45 million vs. $300+ million for ripple and lumens.. I don't know if this is a good or a bad thing but it's worth noting.

Nem is now at $0.13 with a 1.2 billion marketcap. I think it's stuck in that self serving cycle right now. Price and interest is up, so more buy in/out, which increases popularity, which increases price, rinse and repeat.
Who knows where this rollercoaster ends but personally I don't see why we can't end up with a market cap like ripple somewhat soon. The amount of nem and how cheap they are make it seem like it's possible. 6-7 billion cap i think is in reach, barring a major slide in everything.

and lastly, This has all been done without catapult or any large earth shattering corporate partnership. (I'm aware that some companies are testing some aspects of nem out) but once something goes mainstream with one of these tech deals coupled with catapult's release, we could really be onto something if that happens.

i think one important thing is the REAL coin supply. Since many stakeholder lost their keys and a lot of coins are locked the real supply is much lower. so it is far more valuable

[Alohaboy?!]

There are lot of NEM millionares in the dev team now (Bloodyrookie etc) and i hope they dont just cash in and move to a tropical island or if they do to take me 2

yeah i hope that does not happen 

they always told they do not care about the price. and that´s the right thinking. And why should anyone cash out if it can still increase multiple times

[cryptonit]

There are lot of NEM millionares in the dev team now (Bloodyrookie etc) and i hope they dont just cash in and move to a tropical island or if they do to take me 2

yeah i hope that does not happen 

wont happen while they coding they are like inside their own micro-cosmos
when they finished with catapult will be the first time when they realize what they have created

and then who know maybe the start to move more in a software architect role
create workpackages for additional hired coders
and enjoy a bit of their wealth

but i trust that they wont leave and for sure dont cash out

cash out xem would be silly

who is trading a value exploding thing against a constant value loss by inflation thing?

[jabo38]

There are lot of NEM millionares in the dev team now (Bloodyrookie etc) and i hope they dont just cash in and move to a tropical island or if they do to take me 2

yeah i hope that does not happen 

they always told they do not care about the price. and that´s the right thinking. And why should anyone cash out if it can still increase multiple times

The main devs already were well-off financially before they started to code for NEM as they were already well-paid professional devs. They aren't hurting to dump to buy Lambos. 

As far as I know, they all still think it will be worth much more too in the future.   

 

[4emily]

So a few thoughts & observations from watching coinmarketcap this week.
as I type this the total market cap is over $52 BILLION.
I remember a few months ago it was around 21 Billion total.. so a TON of new money has flooded into crypto in the last 6+ months
Bitcoin's Dominance is at an all time low, only 52%

Looking at the top 10-20 coins, it looks like there's a flood of people trying to get in on the "penny" coins trying to cash in on the next big thing. all the "major" coins, bitcoin, eth, dash etc. are all well over $50-100 apiece, too much for anyone to really try and gain some cash from speculating.
Nem, Ripple, Lumens etc have all had tremendous gains recently, and they're all the ones that were or are a few cents.

Even with Nem's meteoric rise in price, it's still only trading with a fraction of the volume of the other penny coins, $45 million vs. $300+ million for ripple and lumens.. I don't know if this is a good or a bad thing but it's worth noting.

Nem is now at $0.13 with a 1.2 billion marketcap. I think it's stuck in that self serving cycle right now. Price and interest is up, so more buy in/out, which increases popularity, which increases price, rinse and repeat.
Who knows where this rollercoaster ends but personally I don't see why we can't end up with a market cap like ripple somewhat soon. The amount of nem and how cheap they are make it seem like it's possible. 6-7 billion cap i think is in reach, barring a major slide in everything.

and lastly, This has all been done without catapult or any large earth shattering corporate partnership. (I'm aware that some companies are testing some aspects of nem out) but once something goes mainstream with one of these tech deals coupled with catapult's release, we could really be onto something if that happens.

@sammart Interesting analysis - thanks for posting.

what's your source for the amount of new money invested in crypto over the last 6 months?

[cryptonit]

what's your source for the amount of new money invested in crypto over the last 6 months?

https://coinmarketcap.com/charts/



and keep in mind this is only the value gain of all existing cryptocoins which are listed on CMC
not included is all the money that did flood into blockchain projects instead of coins

[4emily]

@cryptonit Thanks

The market cap metric used by marketcap.com is based on the circulating supply and doesn't include a factor for inflation or the coins held by the project developers, according to this article
https://blog.sia.tech/want-to-deflate-the-token-bubble-fix-the-market-cap-indicator-d50f7f1e1ec4

Although arguably flawed, marketcap.com's marketcap metric, as it currently stands, would nevertheless seem to accurately reflect the amount of money invested in cryptos.

[realneural]

what's your source for the amount of new money invested in crypto over the last 6 months?

https://coinmarketcap.com/charts/

and keep in mind this is only the value gain of all existing cryptocoins which are listed on CMC
not included is all the money that did flood into blockchain projects instead of coins

Don't get me wrong I'm optimistic too BUT: this graph and data shows only the growth of valuation (marketcap), not the amount of new capital. We can only guess the amount of actual real new money coming in. Sure there must be new money involved but amount unknown. Could be 20% or could be 80% of the growth of marketcap.

Extreme example: If hodlers had all the crypto, no selling, it would take 1$ to lift the total marketcap to mars.

[ThaVoise]

I've made Nem xem parody you can watch it here
https://m.youtube.com/watch?v=q6KD-yWKUlY
Comment what do u think

[ciappa]

I have an old wallet with some NEM.. Now i have downloaded the nem client (nis/ncc...) and is running. Now i need to open the wallet, but i have no wallet because i have reinstalled windows... Hope someone can help me

edit: all i have is the original stakeholder password

You need your private key or wallet with password. The Stakeholder password alone won't work, sorry.

yes i think i have the private key... but i dont have the wallet on my pc... how can i access my wallet with only the private key?`

I have also downloaded the mobile app, i tried to access with private key and a name (i dont know if it is the correct name??) but the error is: PRIVATE_KEY_ERROR_1

Get nano wallet, there you can import the private key.

Sign Up  >  private key wallet

thank you, but i have the private key only (it is a combination letters+numbers..?)
If this is not enough, in the moment of the launch, how it was distributed? I cannot remember, but maybe so i can enter to my wallet

thanks a lot

If it really is the private key that you have, then it is enough. Just do what was advised above, get Nano wallet and then create a "private key wallet".

Sorry, but the private key is a alphanumeric code or a file? I have the code only

[teletobi]

I have an old wallet with some NEM.. Now i have downloaded the nem client (nis/ncc...) and is running. Now i need to open the wallet, but i have no wallet because i have reinstalled windows... Hope someone can help me

edit: all i have is the original stakeholder password

You need your private key or wallet with password. The Stakeholder password alone won't work, sorry.

yes i think i have the private key... but i dont have the wallet on my pc... how can i access my wallet with only the private key?`

I have also downloaded the mobile app, i tried to access with private key and a name (i dont know if it is the correct name??) but the error is: PRIVATE_KEY_ERROR_1

Get nano wallet, there you can import the private key.

Sign Up  >  private key wallet

thank you, but i have the private key only (it is a combination letters+numbers..?)
If this is not enough, in the moment of the launch, how it was distributed? I cannot remember, but maybe so i can enter to my wallet

thanks a lot

If it really is the private key that you have, then it is enough. Just do what was advised above, get Nano wallet and then create a "private key wallet".

Sorry, but the private key is a alphanumeric code or a file? I have the code only

How many characters? Have you tried nano wallet? Please tell us a bit more...

[ciappa]

I have an old wallet with some NEM.. Now i have downloaded the nem client (nis/ncc...) and is running. Now i need to open the wallet, but i have no wallet because i have reinstalled windows... Hope someone can help me

edit: all i have is the original stakeholder password

You need your private key or wallet with password. The Stakeholder password alone won't work, sorry.

yes i think i have the private key... but i dont have the wallet on my pc... how can i access my wallet with only the private key?`

I have also downloaded the mobile app, i tried to access with private key and a name (i dont know if it is the correct name??) but the error is: PRIVATE_KEY_ERROR_1

Get nano wallet, there you can import the private key.

Sign Up  >  private key wallet

thank you, but i have the private key only (it is a combination letters+numbers..?)
If this is not enough, in the moment of the launch, how it was distributed? I cannot remember, but maybe so i can enter to my wallet

thanks a lot

If it really is the private key that you have, then it is enough. Just do what was advised above, get Nano wallet and then create a "private key wallet".

Sorry, but the private key is a alphanumeric code or a file? I have the code only

How many characters? Have you tried nano wallet? Please tell us a bit more...

Sorry, there are 32 characters... i have tried the nano wallet, but it is asking me a file... I have no file, but only this alphanumeric code with 32 characters?


Edit: Awesome guys, now i have found the name, created passwordcode, address, public key, and private key

Edit again: but sorry, i am using the nano wallet now, but it is still asking to import wallet (on the voise "select wallet")? I have no file to import  

[teletobi]

I have an old wallet with some NEM.. Now i have downloaded the nem client (nis/ncc...) and is running. Now i need to open the wallet, but i have no wallet because i have reinstalled windows... Hope someone can help me

edit: all i have is the original stakeholder password

You need your private key or wallet with password. The Stakeholder password alone won't work, sorry.

yes i think i have the private key... but i dont have the wallet on my pc... how can i access my wallet with only the private key?`

I have also downloaded the mobile app, i tried to access with private key and a name (i dont know if it is the correct name??) but the error is: PRIVATE_KEY_ERROR_1

Get nano wallet, there you can import the private key.

Sign Up  >  private key wallet

thank you, but i have the private key only (it is a combination letters+numbers..?)
If this is not enough, in the moment of the launch, how it was distributed? I cannot remember, but maybe so i can enter to my wallet

thanks a lot

If it really is the private key that you have, then it is enough. Just do what was advised above, get Nano wallet and then create a "private key wallet".

Sorry, but the private key is a alphanumeric code or a file? I have the code only

How many characters? Have you tried nano wallet? Please tell us a bit more...

Sorry, there are 32 characters... i have tried the nano wallet, but it is asking me a file... I have no file, but only this alphanumeric code with 32 characters?


Edit: Awesome guys, now i have found the name, created passwordcode, address, public key, and private key

Edit again: but sorry, i am using the nano wallet now, but it is still asking to import wallet (on the voise "select wallet")? I have no file to import 

Have you chosen the private key import?

I think it would be best to join nem helpdesks Telegram: https://t.me/nemhelpdesk

[ciappa]

I have an old wallet with some NEM.. Now i have downloaded the nem client (nis/ncc...) and is running. Now i need to open the wallet, but i have no wallet because i have reinstalled windows... Hope someone can help me

edit: all i have is the original stakeholder password

You need your private key or wallet with password. The Stakeholder password alone won't work, sorry.

yes i think i have the private key... but i dont have the wallet on my pc... how can i access my wallet with only the private key?`

I have also downloaded the mobile app, i tried to access with private key and a name (i dont know if it is the correct name??) but the error is: PRIVATE_KEY_ERROR_1

Get nano wallet, there you can import the private key.

Sign Up  >  private key wallet

thank you, but i have the private key only (it is a combination letters+numbers..?)
If this is not enough, in the moment of the launch, how it was distributed? I cannot remember, but maybe so i can enter to my wallet

thanks a lot

If it really is the private key that you have, then it is enough. Just do what was advised above, get Nano wallet and then create a "private key wallet".

Sorry, but the private key is a alphanumeric code or a file? I have the code only

How many characters? Have you tried nano wallet? Please tell us a bit more...

Sorry, there are 32 characters... i have tried the nano wallet, but it is asking me a file... I have no file, but only this alphanumeric code with 32 characters?


Edit: Awesome guys, now i have found the name, created passwordcode, address, public key, and private key

Edit again: but sorry, i am using the nano wallet now, but it is still asking to import wallet (on the voise "select wallet")? I have no file to import 

Have you chosen the private key import?

I think it would be best to join nem helpdesks Telegram: https://t.me/nemhelpdesk

ok thank you, i am on telegram now

[smbbm]

There are lot of NEM millionares in the dev team now (Bloodyrookie etc) and i hope they dont just cash in and move to a tropical island or if they do to take me 2

yeah i hope that does not happen 

they always told they do not care about the price. and that´s the right thinking. And why should anyone cash out if it can still increase multiple times

I really like how the NEM team is always quiet and focused on tech and not on recent gains. Thing is that although these gains are quite insane for most of us it's still just a one grain from big capital heap that might inflow into blockchain industry in coming months and years.

[suky321]

Nice article on NEM on cointelegraph:

...In an unexpected move, NEM, the multiple vertical applications Blockchain, jumped two places up to become the fifth most valuable cryptocurrency. With a mountainous 78.10 percentage upsurge, it overtook Ethereum Classic and Dash to sell at $0.129600. NEM's Market Cap is now over $1.1 bln...

...However, to overtake Ethereum Classic and go ahead to dislodge Dash, the darling boy, is very surprising to many. This is an indication that NEM is being taken seriously by the global cryptocurrency and Blockchain community...

https://cointelegraph.com/news/nem-breaks-into-top-5-altcoins-passes-dash-ethereum-classic

[drewid]

Is there any bounty I can contribute to for hardware wallet support? Preferably TREZOR.

Hello Alex,

thank you for contacting SatoshiLabs Support, I'm Misa and I'm happy to help you.

If you are interested in any altcoin that is not supported yet, please contact its developers first and suggest them the integration as it depends on them.

Is there anything else I can help you with, Alex?

Best regards,
Misa
Customer Support

SatoshiLabs

[Tehfiend]

Is there any bounty I can contribute to for hardware wallet support? Preferably TREZOR.

Hello Alex,

thank you for contacting SatoshiLabs Support, I'm Misa and I'm happy to help you.

If you are interested in any altcoin that is not supported yet, please contact its developers first and suggest them the integration as it depends on them.

Is there anything else I can help you with, Alex?

Best regards,
Misa
Customer Support

SatoshiLabs

I need Trezor support for NEM soooooo badly right now.

[gentlemand]

I need Trezor support for NEM soooooo badly right now.

It would be extremely useful. I presume NEM's main developers will be too busy for such a thing. Are there others equally conversant who'll know how to do it?