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

[BitcoinArsenal]

A great news that will get lost again in the current market situation. The good news stream keeps up.
The more I deal with and think about it, XEM is one of the best long term investments in blockchain space. Buy now at those cheap levels and then sell when XEM is again> $ 2.

BIG NEM NEWS


Japan’s First Online Bank Tests Blockchain Technology with mijin and Hyperledger



http://mijin.io/en/1370.html

[1715028484]

1715028484

[tomkat]

Total transactions per second:
    Visa: 24,000
    Ripple (CCC: XRP-USD): 1,500
    PayPal: 193
    Bitcoin Cash (CCC: BCH-USD): 60
    Litecoin (CCC: LTC-USD): 56
    Dash (CCC: DASH-USD): 48
    Ethereum (CCC: ETH-USD): 20
    Bitcoin (CCC: BTC-USD): 7



https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)



Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second


Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.

Now time for some fun facts that wikipedia won't tell you:

• a) in case of any problems visa is pushing responsibility onto the banks
• b) guess what, banks will push responsibility on you
• c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
  glad you ask, well see a) and b)
• d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
• e) there are many POSes, that do not require chip-based authorization
• f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
• g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros

So yeah, Heil VISA and let the banks live and prosper ❤️

Moreover, credit card issuers can easily block certain operations, like purchases of digital currency 
https://twitter.com/coinbase/status/960726774391828481

[jnet1.co]

Im hoping that the price would be stable . NEM platform would be in full swing and should dapps adapt its platform, and this would drive developers swoop down and use it.

[dextronomous]

so wich exchanges accept these xem's while wallets still seem online and not put in maintenance, i send to and not get them
same message, all affected but not all? coincheck issue i mean

wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?

[asdlolciterquit]

thank you for this link. I have a question: after i've login my nemwallet with my trezor, in the future i can access my nem wallet only with my trezor?

Correct. That's the idea.

If Trezor disappears or you lose yours and can't afford another one you can get a private key from the Trezor seed with this - https://github.com/saleemrashid/nem-trezor-standalone  but obviously only do that if absolutely necessary and only on a very, very offline computer.

And then you can restore your XEM by opening a conventional private key nano wallet with that private key. There might be a nano seed wallet sometime, but there's no mention of it yet.

thank you! Just to be sure that i've understood right...the process is irreversible? So, if i connect my trezor to my nemwallet, there's no way to disconnect them? what happen if i lose my nem wallet.dat on my pc?

[gentlemand]

thank you! Just to be sure that i've understood right...the process is irreversible? So, if i connect my trezor to my nemwallet, there's no way to disconnect them? what happen if i lose my nem wallet.dat on my pc?

Everything is inside your Trezor and the account exists inside it the moment you install the firmware and note the seed. It creates a new account. There's no .wlt file. Everything is the Trezor seed. You're only using the computer to interface with the Trezor. Keep the seed safe and you'll be fine.

[Flodner]

Thanks for sharing info about vesting!
Yes as I understand this process is like staking in other cryptos (i.e. I'm staking Gridcoin because I like this crypto and don't expect much)
I'll be getting NEM anyway, but probably a bit later.

[KloNEM]

so wich exchanges accept these xem's while wallets still seem online and not put in maintenance, i send to and not get them
same message, all affected but not all? coincheck issue i mean

wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?

Yes, I have also (another one) stuck with XEM deposit on Polo, it's really annoying. Some weeks ago, somebody here mentioned Abucoins.com exchange, so I used this twice and I have to say that everything is fine : Smooth and clear design, fast (and working!) deposit & withdrawals (another weird thing by Poloniex - they say about 18 confirmations, but it's pretty unclear, how they're counting this ... in fact confirmation [if everything goes well] is about 50-150 NEM blocks at all), relative high withdrawal limit (equivalent of 1BTC per day) without verification, etc. Just two issues should be improved in the future :
        * very small trading volume (but there would be a benefit from the troubles of big exchanges) ;
        * horrible high withdrawal fee for BTC (1000bits yet today, even if BTC fees are really pretty small now).

So, who wants, let's try it ... let's make together the trading volume there great again :-)

[Tehfiend]

Hi everyone, i want to transfer my xem on my new trezor. The problem is that i really don't know how to do it. Is there any guide some where? Can anybody help me?

Thanks in advance.

https://www.youtube.com/watch?v=nPi7Xzn5Tq0&feature=youtu.be

Waffle until 2.30

thank you for this link. I have a question: after i've login my nemwallet with my trezor, in the future i can access my nem wallet only with my trezor?

What I did was just add my Trezor account as co-signer to my existing multisig account. Then if I lose it, I can still sign using my cold storage wallet.

[neoscorpius]

And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.

This state of affairs already really worries everyone. No one knows what can be done about it. How to relieve the total dependence of all altcoins on bitcoin?

It's similar to the stock market when the bears take over. Whenever the crypto-bears take over nearly every coin will drop.
Besides that a correction was really overdue given the insane rise within the last few months.

Furthermore, I guess in a few years bitcoin won't be the number one anymore (maybe ethereum, or NEM  ) but this will not change the bull/bear effect.

To get rid of the dependence of the bitcoin price is unequivocal. That's just who will replace it in the market. There is no stable guarantor that could satisfy our needs.

[ruletheworld]

And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.

This state of affairs already really worries everyone. No one knows what can be done about it. How to relieve the total dependence of all altcoins on bitcoin?

It's similar to the stock market when the bears take over. Whenever the crypto-bears take over nearly every coin will drop.
Besides that a correction was really overdue given the insane rise within the last few months.

Furthermore, I guess in a few years bitcoin won't be the number one anymore (maybe ethereum, or NEM  ) but this will not change the bull/bear effect.

To get rid of the dependence of the bitcoin price is unequivocal. That's just who will replace it in the market. There is no stable guarantor that could satisfy our needs.

As long as sentiment drives the market, and the overall sentiment of crypto is gauged by Bitcoin, there is no escaping its shadow. It isn't necessarily a bad thing though. Bitcoin usually leads the way, and then people introduced to the space look at other projects. I would much rather that say institutional investors be able to hold NEM, for instance. That won't happen without Bitcoin leading the way first.

The price isn't determined by Bitcoin per se. Remember NEM outperformed Bitcoin last year, for example. However, the market sentiment is driven by Bitcoin. End of the day, NEM has to stand on its own feet, good and bad. Yes there will be volatility, but as long as people and projects are using the NEM blockchain and find utility in it, it should hold up its value. If not, it won't retain its value. Bitcoin can only do so much, up or down.

[tomkat]

so wich exchanges accept these xem's while wallets still seem online and not put in maintenance, i send to and not get them
same message, all affected but not all? coincheck issue i mean

wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?

Yes, I have also (another one) stuck with XEM deposit on Polo, it's really annoying. Some weeks ago, somebody here mentioned Abucoins.com exchange, so I used this twice and I have to say that everything is fine : Smooth and clear design, fast (and working!) deposit & withdrawals (another weird thing by Poloniex - they say about 18 confirmations, but it's pretty unclear, how they're counting this ... in fact confirmation [if everything goes well] is about 50-150 NEM blocks at all), relative high withdrawal limit (equivalent of 1BTC per day) without verification, etc. Just two issues should be improved in the future :
        * very small trading volume (but there would be a benefit from the troubles of big exchanges) ;
        * horrible high withdrawal fee for BTC (1000bits yet today, even if BTC fees are really pretty small now).

So, who wants, let's try it ... let's make together the trading volume there great again :-)

Abucoins has been listed in the public warnings of the Polish SEC equivalent (KNF) for "unauthorized activity in the provision of payment services or in the issuing of electronic money" https://www.knf.gov.pl/dla_konsumenta/ostrzezenia_publiczne. The bigger picture is that Polish SEC is strongly against crypto, and currently they are trying to discourage people from using crypto with aggressive actions against exchanges. They also put BitBay on the same list.

[Alohaboy?!]

Total transactions per second:
    Visa: 24,000
    Ripple (CCC: XRP-USD): 1,500
    PayPal: 193
    Bitcoin Cash (CCC: BCH-USD): 60
    Litecoin (CCC: LTC-USD): 56
    Dash (CCC: DASH-USD): 48
    Ethereum (CCC: ETH-USD): 20
    Bitcoin (CCC: BTC-USD): 7



https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)



Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second


Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.

Now time for some fun facts that wikipedia won't tell you:

• a) in case of any problems visa is pushing responsibility onto the banks
• b) guess what, banks will push responsibility on you
• c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
  glad you ask, well see a) and b)
• d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
• e) there are many POSes, that do not require chip-based authorization
• f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
• g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros

So yeah, Heil VISA and let the banks live and prosper ❤️

Moreover, credit card issuers can easily block certain operations, like purchases of digital currency 
https://twitter.com/coinbase/status/960726774391828481

But in the same way there are banks cooperating with exchanges too. So only the major ones are in fear and want to retain their power

[Termie]

Vote for NEM to be added to bitindia.co
https://bitindia.co/vote.html

The session one will decide the addition of 5 Coins/Tokens which receive the maximum votes.
You can vote for 3 coins/tokens with your email address, the voting is free during the first session.

[Nistap]

Total transactions per second:
    Visa: 24,000
    Ripple (CCC: XRP-USD): 1,500
    PayPal: 193
    Bitcoin Cash (CCC: BCH-USD): 60
    Litecoin (CCC: LTC-USD): 56
    Dash (CCC: DASH-USD): 48
    Ethereum (CCC: ETH-USD): 20
    Bitcoin (CCC: BTC-USD): 7



https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)



Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second


Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.

Now time for some fun facts that wikipedia won't tell you:

• a) in case of any problems visa is pushing responsibility onto the banks
• b) guess what, banks will push responsibility on you
• c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
  glad you ask, well see a) and b)
• d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
• e) there are many POSes, that do not require chip-based authorization
• f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
• g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros

So yeah, Heil VISA and let the banks live and prosper ❤️

If NEM can really reach 4000 transactions per second with the Catapult release, it will be faster than Ripple. Or is this speed only reached with the private chain and not with the public chain?

[zakon4ik]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

[ruletheworld]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

It's been that way since the Coincheck hack. I guess the exchanges want to be careful and try and track any movement of the stolen NEM. If the hacker wants out, exchanges are the easiest way to go in general.

[tbandy]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

It's been that way since the Coincheck hack. I guess the exchanges want to be careful and try and track any movement of the stolen NEM. If the hacker wants out, exchanges are the easiest way to go in general.

The wallet shows the red flag but you can buy or sell NEM at Bittrex   

[Minabo]

Maybe someone could help me. I downloaded the NEM application wallet to my iPhone and now I can't transfer NEM from it. I have no sense what to do and how to transfer NEM from application to any exchange.
 

[Minabo]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

I suppose they have much technical improvements to make in the nearest future...