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

[kocodile]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

[1715151228]

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[Dr Charles]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...

[kocodile]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...

true

[samysamy1]

What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?

so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .

If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...

true

Yeah I guess you're right, but some wealth could be very useful in those stressful events.

[wiser]

I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

[samysamy1]

I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

I also have a question: If I import the old wallet to nano, will delegated harvesting be active or do I need to restart it again and pay a fee?

[wiser]

I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

I also have a question: If I import the old wallet to nano, will delegated harvesting be active or do I need to restart it again and pay a fee?

I'm just assuming you have to restart it (and pay the fee).

[wiser]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

[leizjg]

According to bittrex graph. NEM is going to rise. I predict rise to be for next 6 coming hours and then some corrections. We will see!

[KloNEM]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I don't think that crucial reducing of requirement to, e.g., 100.000 XEM, is good idea (it could probably lead into a massive sell pressure). But slight decreasing of necessary amount could be good idea, IMHO (there will be also some slight selling pressure, but on the contrary some of supernode owners will try to buy more for creating 2nd instance of supernode...so in final it's also good for widespread and network coverage).

According to this, I have one "historical question" (somebody from the dev team would know the answer) : One NEM stake is (was, on AE NXT) 2.250.000 NEM, is it correct ? I remember, that the first idea of supernode minimum amount was about 5.000.000 coins, then it was decreased into 3.000.000 coins. But the historical question is : Why wasn't that limit set up into 2.250.000 NEM (instead of 3mio) ? It would be equal to 1 NEM stake then, which should encourage more stake owners to build a supernode ...

[Dr Charles]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.

[wiser]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.

OK, good to know. I hope it's at least being talked about. As someone who has tried unsuccessfully to delegate harvest in the past (old wallet), I will say that finding a node I could hook up to for successful harvesting has been difficult. I think with all the expansion underway, the network could use more supernodes, but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

On the delegated harvesting error I hadn't thought about that. The NEM I want to use to harvest has been consistently sitting at the same address since the very beginning, so I would assume the vesting is already in place. However, if that is not the case and my problem will be solved in ten days, then I guess I can wait.

[gentlemand]

but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

It's a staggering amount of money indeed, but you could argue that exclusivity serves a purpose. Someone with 3 million is either old school or a true believer if they've bought in.

For the super nodes the last thing you want is people flitting in and out. They're designed to be the backbone of the whole thing run by people with a deep commitment.

[wosch76]

I wonder how many of the big exchanges (Kraken, bitfinex, gdax, ...) currently struggle to implement NEM

[samysamy1]

According to bittrex graph. NEM is going to rise. I predict rise to be for next 6 coming hours and then some corrections. We will see!

We have been saying this for a couple of days now

[wiser]

but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

It's a staggering amount of money indeed, but you could argue that exclusivity serves a purpose. Someone with 3 million is either old school or a true believer if they've bought in.

For the super nodes the last thing you want is people flitting in and out. They're designed to be the backbone of the whole thing run by people with a deep commitment.

Good points, especially if there are enough. If there aren't enough, then maybe incrementally reducing the entry barrier until desired number is obtained might be a good plan.

[501026666]

According to bittrex graph. NEM is going to rise. I predict rise to be for next 6 coming hours and then some corrections. We will see!

We have been saying this for a couple of days now

Will the NEM replace XRP to be No 2?

[wiser]

Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.

I checked and I have a vested balance that is greater than 10,000 XEM, so that's not the issue. Any other ideas?

[DIMKAZDS]

but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

It's a staggering amount of money indeed, but you could argue that exclusivity serves a purpose. Someone with 3 million is either old school or a true believer if they've bought in.

For the super nodes the last thing you want is people flitting in and out. They're designed to be the backbone of the whole thing run by people with a deep commitment.

Good points, especially if there are enough. If there aren't enough, then maybe incrementally reducing the entry barrier until desired number is obtained might be a good plan.

yep, according to BloodyRookie ( Developer) there was enough of them about 1 year ago (it was about twice lower amount of them, then now)

[wiser]

but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

It's a staggering amount of money indeed, but you could argue that exclusivity serves a purpose. Someone with 3 million is either old school or a true believer if they've bought in.

For the super nodes the last thing you want is people flitting in and out. They're designed to be the backbone of the whole thing run by people with a deep commitment.

Good points, especially if there are enough. If there aren't enough, then maybe incrementally reducing the entry barrier until desired number is obtained might be a good plan.

yep, according to BloodyRookie ( Developer) there was enough of them about 1 year ago (it was about twice lower amount of them, then now)

Well, try finding an available slot on any of those nodes to do delegated harvesting! I've gone through the first hundred or so on the list and they are all full.

What would be the configuration to custom add if I just want to use my own computer to harvest?

It looks like my earlier error message came because I was trying to activate delegated harvesting when it's already active. Now I just need to actually start delegated harvesting, but can't find an available slot.

EDIT: Is there a way to set up a regular node that would just allow me to delegate harvest, but isn't a supernode?