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

[poiseulle]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

[NorrisK]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

There are literelly hundreds of masternodes and thousands of people staking their coins through these masternodes..

How is that too centralized?

[LemonAndFriesOne]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

Eventually the supernodes will be phased out and lower entry level to become a node will be allowed. It's just a temporary function to have super nodes while the network grows, from what I've read.

[firehead25]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

POI/POS is more centralized in fewer number of people while POW is centralized via location. Personally I'd rather a few hundred anonymous supernodes spread out all over the world than China having > 50% of POW mining pool control. They are planning to censor even VPN in 2018. Besides, POI/POS is to go against their own interest if they try to mess with the blockchain integrity as they are the ones with the most skin in the game.

[Alohaboy?!]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

There are literelly hundreds of masternodes and thousands of people staking their coins through these masternodes..

How is that too centralized?

I really agree here. The decentralization is absolutely great. No need to worry

[sandan2002]

Slowly slowly the banks will adopt the blockchain technology

[NEMergizer]

Slowly slowly the banks will adopt the blockchain technology

Who cares! the banking system will collapse very soon.

[drewid]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

the early adopters you mean?  because this sounds like someone who "missed the train"

[drewid]

Slowly slowly the banks will adopt the blockchain technology

Who cares! the banking system will collapse very soon.

it wont collapse.  it looks it like it will, but its actually going to evolve into a form of virtual currency.  hey you know what. if BOA can go towards a virtual currency type US denomination, it could greatly increase the value of the so called "virtual dollar" since now they can create a 200 trillion dollar cap , and this is to compensate for population growth, etc.  but still will be much more valuable than the current dollar , in relation to buying power.

[Tehfiend]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.

The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.

I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.

[firehead25]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.

The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.

I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.

I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.

[NEMergizer]

Dear Nembers, make sure to be ready to fasten your seatbelt at any moment through August and September
Keep in mind that the upcoming rides are oneway with no return
See you on the other side

[nzminer]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.

The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.

I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.

I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.

And rightly so too. Mining crypto uses ridiculous amounts of power which really is a total waste of energy to do such a simple task.

[27aume]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.

The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.

I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.

I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.

I approuve and that why Nem delagated harvesting allow more people to enjoy harvesting with less H.ware and matherial! i like the concept im more scared that the coin stay stock in 5th or 4th place because of the high fees

[LeyMonte]

i wonder what causes the pump of nxem in the past couple of days, is it because of some icos who used the platform of nem?

[poiseulle]

I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development

Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.

The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.

I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.

I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.

I approuve and that why Nem delagated harvesting allow more people to enjoy harvesting with less H.ware and matherial! i like the concept im more scared that the coin stay stock in 5th or 4th place because of the high fees

Very constructive discussions. I also believe the environmental-friendly PoS of PoI is better, and dynamic changes of # of supernodes as price fluctuates make sense to me.
It's also true that transaction fee (10 NEM?) will be too high if NEM reaches .5 or >1 someday.

[LemonAndFriesOne]

did somebody say....

MOON!?!

[hous26]

I bought some XEM for some reason without understanding it.  It was a good dumb moment.  I still dont understand it.  Is there an incentive to create a wallet or shall I leave it on an exchange?  Its like 500 coins.

[hous26]

This one will be $100 coin when it wakes up. It's a sleeping giant.

That would require nearly a 1 trillion dollar market cap.  I think you are little too enthusiastic.

[Arvydas77]

This one will be $100 coin when it wakes up. It's a sleeping giant.

Probably not in this lifetime. But XEM is very good coin with best blockchain technology.