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

[jnet1.co]

Recently many people are talking about the privacy of the coin excuse my ignorance but who really needs that?
Hackers, money laundering people, high jackers,tax evaders who else?

[1715161211]

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[1715161211]

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[1715161211]

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[mattadc]

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 ❤️

Also your points are true. But it isn't enough.

to err is human ....... that's why we accept Visa's and banks errors, if we get fast service.
People are ready to pay for silly things and also
for things (speed) that are not so important as the coin's other side (reliability)

Can you draw a real use case for NEM or bitcoin blockchain? a case where the whole world is using the coin.
What is the requirement for speed: how long the shop assistant waits for you transaction's completion?
Or can he let you go without the certainty that your coins are completely transferred.

In the world is 500 000 000 people buying things between hours 6 - 18.
How many transactions must be made in a sec?

Which blockchain can manage that requirement?

[ANDREW 555]

Chainges Conference in Amsterdam, Netherland (May 04)
https://coindar.org/en/event/nem-xem-chainges-conference-in-amsterdam-netherland-3270

[shiki0]

Any dates on when Bittrex opens transactions again???

[asdlolciterquit]

so, after i connect my trezor to my nemwallet, all the xem that i have inside my .wlt file right now will automatically go into my trezor? Or i have to make a transaction?

No. Read what I wrote again.

ok, i'm sorry, you are right! is a new account, so i have to transfer what i have in my .wlt to my new account, connected with my trezor. Correct?

[gentlemand]

ok, i'm sorry, you are right! is a new account, so i have to transfer what i have in my .wlt to my new account, connected with my trezor. Correct?

Indeed. There's no way of importing anything.

[Arrrvin]

In NanoWallet go to Explorer and you'll see all of your Mosaics.

You can see them also typing your NEM address here: http://explorer.ournem.com or here: http://chain.nem.ninja

As long as I know XAR has not being distribuited yet...

Assuming you own this altcoin, then add your account address to the end off this http://explorer.ournem.com/#/s_account?account=

e.g. http://explorer.ournem.com/#/s_account?account=NABCD-12345-XXXXXX-XXXXXX-XXXXX

The mosaic will be displayed if you own it.

I ran out of merits, so here's a classic but sincere 'thanks'!

[crea8ivemoiz]

Very Promising Project..Invested on it..
hopefully in upcoming days it will go to new heights !! 

[rigel]

Hi,

I am a NEM Fan and pretty much interested in the development of ICOs using NEM Blockchain. Is there a specific NEM ICO listing Website?

You can find all the project (including ICOs) here: https://github.com/Sateetje/ProjectsUsingNEM/blob/master/ProjectsUsingNEM.md

[ruletheworld]

Hi,

I am a NEM Fan and pretty much interested in the development of ICOs using NEM Blockchain. Is there a specific NEM ICO listing Website?

You can find all the project (including ICOs) here: https://github.com/Sateetje/ProjectsUsingNEM/blob/master/ProjectsUsingNEM.md

Thanks, that link is really useful for tracking. Merited!

[MoneyJ]

After the Japan exchange heist , it is time for NEM to bounce back. The thing with crypto is , it is fast and every transaction is well documented, so stolen goods are easily identified , this it became marked that no exchange would ever accept it.

[tongokongo]

Hacker is liquidating all of his XEM on the Yobit exchange, more information in the video below:

https://youtu.be/XxE2F4umPG0

[ormin79]

fast research and i found it

here is "middlemans" address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT

He get stolen funds in chunks from hackers accounts (e.g. NCVPRF-XRIDDF-7PXKBF-6CKKI7-6H3M5H-5TSXT5-K575)

and on middleman account this XEMs are not flagged as stolen (that's probably old account, and flagging system works probably only on newly created accounts).

Yobit probably even dont know that this XEMs were stolen. I think NEM Foundation should be informed about this as fast as possible!


Every person, that is buying on Yobit may commiting a crime in this moment, even unconscious of course.

And Yobit should stop accept every XEM deposit too, otherwise it should end badly for them.

[Alohaboy?!]

fast research and i found it

here is "middleman" address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT

He get stolen funds in chunks from hackers accounts (e.g. NCVPRF-XRIDDF-7PXKBF-6CKKI7-6H3M5H-5TSXT5-K575)

and on middleman account this XEMs are not flagged as stolen (that's probably old account, and flagging system works probably only on newly created accounts).

Yobit probably even dont know that this XEMs were stolen. I think NEM Foundation should be informed about this as fast as possible!

I think they are aware via telegram. Should work with old accounts too, maybe Yobit just doesn't care

[ormin79]

fast research and i found it

here is "middleman" address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT

He get stolen funds in chunks from hackers accounts (e.g. NCVPRF-XRIDDF-7PXKBF-6CKKI7-6H3M5H-5TSXT5-K575)

and on middleman account this XEMs are not flagged as stolen (that's probably old account, and flagging system works probably only on newly created accounts).

Yobit probably even dont know that this XEMs were stolen. I think NEM Foundation should be informed about this as fast as possible!

I think they are aware via telegram. Should work with old accounts too, maybe Yobit just doesn't care

Sorry to say but i see it's not work. Address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT receive XEMs from hacker and this XEMs become magically clean (no mosaic on this address telling that are stolen XEMs on it). I write to Yobit, but i dont believe on theirs fast reaction in this matter. And i knew it that hacker will find someone, who help him wash this tainted XEMs. It was matter of time. What a shame.

[Neversettle]

fast research and i found it

here is "middleman" address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT

He get stolen funds in chunks from hackers accounts (e.g. NCVPRF-XRIDDF-7PXKBF-6CKKI7-6H3M5H-5TSXT5-K575)

and on middleman account this XEMs are not flagged as stolen (that's probably old account, and flagging system works probably only on newly created accounts).

Yobit probably even dont know that this XEMs were stolen. I think NEM Foundation should be informed about this as fast as possible!

I think they are aware via telegram. Should work with old accounts too, maybe Yobit just doesn't care

Sorry to say but i see it's not work. Address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT receive XEMs from hacker and this XEMs become magically clean (no mosaic on this address telling that are stolen XEMs on it). I write to Yobit, but i dont believe on theirs fast reaction in this matter. And i knew it that hacker will find someone, who help him wash this tainted XEMs. It was matter of time. What a shame.

Well the Chain is immutable and working like it should. Maybe it wouldn´t be that bad to have some coins in circulation again at least

[jelin1984]

yobit will have soon problems  with japan police

[pinkman12345]

yobit will have soon problems  with japan police

I guess Yobit is not japan based. They operate offshore or atleast with virtual hosting, i am sure they will get ripped soon as i see a hell lot of complaints about them in scam accusation section.

[jkoil]

fast research and i found it

here is "middleman" address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT

He get stolen funds in chunks from hackers accounts (e.g. NCVPRF-XRIDDF-7PXKBF-6CKKI7-6H3M5H-5TSXT5-K575)

and on middleman account this XEMs are not flagged as stolen (that's probably old account, and flagging system works probably only on newly created accounts).

Yobit probably even dont know that this XEMs were stolen. I think NEM Foundation should be informed about this as fast as possible!

I think they are aware via telegram. Should work with old accounts too, maybe Yobit just doesn't care

Sorry to say but i see it's not work. Address NCK4WC-EOR2SB-WJ4O45-SNEECQ-VVUM3A-C6DTMR-L4BT receive XEMs from hacker and this XEMs become magically clean (no mosaic on this address telling that are stolen XEMs on it). I write to Yobit, but i dont believe on theirs fast reaction in this matter. And i knew it that hacker will find someone, who help him wash this tainted XEMs. It was matter of time. What a shame.

Well the Chain is immutable and working like it should. Maybe it wouldn´t be that bad to have some coins in circulation again at least

This YoBit has received stolen XEMs ?

http://www.list.wiki/YoBit
 YoBit: Russian exchange
Available in language of EN, RU, CN
Special features of Dice game and InvestBo


How they are not aware of that ?
Would have been quite clear that every exchange has now good communication channels between NEM and all the other exchanges.
Strange "action" ...
 

[gentlemand]

Since when have yobit cared about anyone or anything? It'll be quite amusing if they are nailed to the wall for this. They sound like scum.