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

[wiser]

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER

Wow! That could be a HUGE boost for NEM! The price could sure use a leg up

This is absolutely terrible, if I'm reading it right. NEM is going to issue and back Venezuela's cryptocurrency? That of an autocratic regime seeking to circumvent sanctions and raise money from foreign investors while letting its people starve?

I don't know that NEM is issuing and backing Venezuela's cryptocurrency, so much as that cryptocurrency *may be* running on the NEM backbone. My understanding is that anyone can code a token to run on the NEM platform. That doesn't necessarily mean it's endorsed by NEM leadership.

I figure a high profile token using NEM is good publicity, even if the people creating the token aren't the best, but I suppose it could be seen as a negative reflection on NEM.

That brings to mind this question: Suppose the issuers of a given token are really bad people, and they run the token off NEM, can the NEM Foundation or NEM leadership actually stop them from doing so? My understanding is the answer is no, but I could be wrong.

[1713912685]

1713912685

[nemwanderer]

Prensa Presidencial‏
@PresidencialVen
 @PresidencialVen



#FOTO Así sostuvo reunión el Presidente @NicolasMaduro con representantes de la empresa Fundación NEM, previo al lanzamiento de la criptomoneda Petro



NEM AND PETROCOIN TOGETHER

Wow! That could be a HUGE boost for NEM! The price could sure use a leg up

This is absolutely terrible, if I'm reading it right. NEM is going to issue and back Venezuela's cryptocurrency? That of an autocratic regime seeking to circumvent sanctions and raise money from foreign investors while letting its people starve?

I don't know that NEM is issuing and backing Venezuela's cryptocurrency, so much as that cryptocurrency *may be* running on the NEM backbone. My understanding is that anyone can code a token to run on the NEM platform. That doesn't necessarily mean it's endorsed by NEM leadership.

I figure a high profile token using NEM is good publicity, even if the people creating the token aren't the best, but I suppose it could be seen as a negative reflection on NEM.

That brings to mind this question: Suppose the issuers of a given token are really bad people, and they run the token off NEM, can the NEM Foundation or NEM leadership actually stop them from doing so? My understanding is the answer is no, but I could be wrong.

I imagine they can, but I don't know.

I can't image Venezuela could have done this without the help of the NEM team though.

This is pretty horrendous in all honesty. Crypto was meant to defeat such regimes, not enable them. This puts NEM in a horrendous light.

[wiser]

I imagine they can, but I don't know.

I can't image Venezuela could have done this without the help of the NEM team though.

This is pretty horrendous in all honesty. Crypto was meant to defeat such regimes, not enable them. This puts NEM in a horrendous light.

You do raise some good points. I'm not sure "Crypto" has values (ethical or otherwise) on its own. It's a technology and as such would be value neutral and very dependent on the people operating it.

I would be interested in hearing some kind of statement from NEM about its involvement/support of the Venezuelan Petro.

[tbandy]

Money talks my friend "give to caesar what belongs to caesar's and unto God the things that are God's"

[drewid]

My idea is simple:
If XEM devs cannot stop stolen token sale it has a big trust problem.
When ETH were stolen there were roll back and coins were defended. ETC stayed in old road with stolen coins and it took 2 ears to recover from it.
I do hope that xem will recover but even I feel that trust were lost and moment till now I do not see any strong XEM dev confirmation that problem will be solve.   

From what I understood, coincheck itself was the biggest loser of the hack as the biggest part of the stolen XEM belonged to them. The customers that lost XEM get their coins back. Is it really necessary to do a hard fork for a company that created the conditions for the hack itself (by keeping all the coins in a hot wallet).

What is annoying is that, if it is true that already 84 million dollars worth of XEM are laundered, there is still more that 400 million dollars worth of XEM waiting to be laundered.

Let's see what happens in the coming weeks/months. Hopefully the news of catapult being introduced to the world may affect the rate of XEM.

its actually worth only 200 some million now.

[gentlemand]

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

[nemwanderer]

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

This is disgusting.

Might as well help North Korea launch a coin next.

At least the Twitter post isn’t jubilant like it was about the hack. But still...

[gentlemand]

This is disgusting.

Might as well help North Korea launch a coin next.

At least the Twitter post isn’t jubilant like it was about the hack. But still...

They can't really do anything to stop it. At least we can be certain that this is one ICO best avoided.

[wiser]

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

Some of the comments to that post are interesting too. There's one that says the value of having a platform open to all outweighs the risk that some might use it for evil. That's some good food for thought. It's the classic problem with freedom, which is that you (or others) are then free to make the wrong decisions.

[nemwanderer]

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

Some of the comments to that post are interesting too. There's one that says the value of having a platform open to all outweighs the risk that some might use it for evil. That's some good food for thought. It's the classic problem with freedom, which is that you (or others) are then free to make the wrong decisions.

I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.

[gentlemand]

I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.

I thought your foot was most of the way out the door already. You want even more reasons?

Anyone can download the wallet and APIs and start playing and building. Their transactions can't be stopped either. It's not like IBM selling them a database solution.

As NEMofficial's tweet says -  'The NEM technology is freely open to any individual or organization that wants to use it. The NEM Foundation abstains from political endorsements'

[LemonAndFriesOne]

I’m not sure NEM is that kind of a system. I understood it as a corporate solution and that’s what it seems like it aspires to be (in contrast to a privacy coin for example, which might be more agnostic to its users). So I wish NEM had stepped in and disallows this. Surely there has to be governance over what is essentially fraud? Would NEM allow known scamcoins to ICO?

I need to have a think, but this materially changes my interest in staying in NEM.

I thought your foot was most of the way out the door already. You want even more reasons?

Anyone can download the wallet and APIs and start playing and building. Their transactions can't be stopped either. It's not like IBM selling them a database solution.

As NEMofficial's tweet says -  'The NEM technology is freely open to any individual or organization that wants to use it. The NEM Foundation abstains from political endorsements'

The beauty of open source and decentralized systems, I can smell the future and it ain't whatever the Rock is cooking 

[bitofc]

One of the many highlights of our trip was our visit to the NEM Bar in Shibuya. It was surreal seeing the face of Alex Tinsman (of Inside NEM) on a large TV screen, with a separate display for crypto-market prices. Drinks there were named after NEM features and NEM-based companies. I ordered several “Mona Milks” (similar to White Russians), and one each of the “NEM Green” and “NEM Blue” cocktails. The vibe inside the bar was incredibly welcoming and calming, and the gender mix was quite balanced. It appears from an initial impression that the cryptocurrency scene in Japan is more mixed in gender diversity than that of the United States.

Source: https://medium.com/the-qchain-blog/a-qchain-biz-dev-excursion-to-tokyo-a9a470d74299

[iCEBREAKER]

Do you have the faintest idea exactly what problem XEM solves?  If you do, please let the rest of us know.

If you can't spin the the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing, I'd understand.  It did seem fairly indefensible, and the market apparently feels the core devs' appallingly hand-waving self-congratulatory response was worse than the actual hack.

You need to get your facts straight.  The hack was not the fault of XEM / NEM code, it was due to the way the Coincheck exchange was coded, it was clearly their fault.

You need to learn more about XEM / NEM.  Youtube is a great resource, you should try it. Here is a video that has an insightful interview on the topic of XEM / NEM and how it compares to ETH which is a less advanced / not as feature rich smart contract platform.

I never said the hack was the fault of XEM/NEM code.  Please learn to comprehend written words before accusing me of not understanding what is like the 20th or 30th exchange hack I've been through.

What are the straight facts regarding exactly what problem XEM solves?  Do you even know what problem XEM is a solution in search of?

ETH is shit too.  I don't care if XEM is slightly less shitty and useless than VitalikToken; that doesn't answer my question in a responsive way because it's just a deflection.

You can't defend the XEM core devs' *RESPONSE TO* the hack because it was obviously hand-waving and self-congratulatory to an appalling degree.

Have fun being the shittoken for Maduro's Socialist Paradise.  Venezuala and XEM are prefect complements; they deserve each other just like degeneracy and AIDS. 

[drewid]

Do you have the faintest idea exactly what problem XEM solves?  If you do, please let the rest of us know.

If you can't spin the the response of XEM core to the hack as anything other than self-serving talking points and opportunistic marketing, I'd understand.  It did seem fairly indefensible, and the market apparently feels the core devs' appallingly hand-waving self-congratulatory response was worse than the actual hack.

You need to get your facts straight.  The hack was not the fault of XEM / NEM code, it was due to the way the Coincheck exchange was coded, it was clearly their fault.

You need to learn more about XEM / NEM.  Youtube is a great resource, you should try it. Here is a video that has an insightful interview on the topic of XEM / NEM and how it compares to ETH which is a less advanced / not as feature rich smart contract platform.

I never said the hack was the fault of XEM/NEM code.  Please learn to comprehend written words before accusing me of not understanding what is like the 20th or 30th exchange hack I've been through.

What are the straight facts regarding exactly what problem XEM solves?  Do you even know what problem XEM is a solution in search of?

ETH is shit too.  I don't care if XEM is slightly less shitty and useless than VitalikToken; that doesn't answer my question in a responsive way because it's just a deflection.

You can't defend the XEM core devs' *RESPONSE TO* the hack because it was obviously hand-waving and self-congratulatory to an appalling degree.

Have fun being the shittoken for Maduro's Socialist Paradise.  Venezuala and XEM are prefect complements; they deserve each other just like degeneracy and AIDS.  

aids and degeneracy wont make me rich .  NEM will.  go take your head out of your ass and see for what NEM is .  ANYONE OR ANY COUNTRY OR ANY ORGANIZATION CAN UTILIZE ITS TECH!  you still fail to see the outcome, but only want to invent scenarios in your desired outcome. not gonna happen.  go post this shit somewhere else. NEM is too professional to deal with clowns.  p.s.  i hope NK fucking does it too.  because in the end, all im gonna end up doing is harvesting more and more blocks x 10000

[icosscam]

As a trader I can say that XMR price always will be higher than a XEM price.
XEM technology better but it is designate for different use as XMR is. 
XEM price cannot be high as it will ruin all XEM ecosystem. Price must be percentile low that all user would be able purchase XEM tokens and use them for their use.
That is my 2cent, if I am wrong please feel free to correct me.

[pfrtlpfmpf]

As a trader I can say that XMR price always will be higher than a XEM price.
XEM technology better but it is designate for different use as XMR is. 
XEM price cannot be high as it will ruin all XEM ecosystem. Price must be percentile low that all user would be able purchase XEM tokens and use them for their use.
That is my 2cent, if I am wrong please feel free to correct me.

Ahem. Prices don´t matter !

[fragout]

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

This is disgusting.

Might as well help North Korea launch a coin next.

At least the Twitter post isn’t jubilant like it was about the hack. But still...

So you are saying that you want the NEM foundation to pick and choose what tokens are allowed on their blockchain?.

[drewid]

NEM is a first for everything.  now its a first for government usage.  ethereum............fkn crickets.

[nemwanderer]

https://twitter.com/NEMofficial/status/966145370060279808

The Petro happening on NEM is quasi confirmed by the NEMofficial Twitter account.

This is disgusting.

Might as well help North Korea launch a coin next.

At least the Twitter post isn’t jubilant like it was about the hack. But still...

So you are saying that you want the NEM foundation to pick and choose what tokens are allowed on their blockchain?.

Yes.