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prettybuds
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March 04, 2018, 05:57:41 PM |
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I like to remember the times of NEMStake in 2014, it was such a nice beginning already
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ruletheworld
Legendary
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Activity: 1400
Merit: 1045
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March 04, 2018, 07:27:14 PM |
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NEM isn't done tanking yet. Don't buy now. I'm under water since last month as well. Thought $0.55 was a fair price but didn't account for the incompetence of Lon Wong. The guy is a disaster.
just to understand better...how do you know this? Can you tell us more about the incompetence of Lon Wong? what right now he's doing so wrong? What price will be a good price to buy? When will the storm be over? The dump isn't over because the exchange Huobi still hasn't allowed deposits yet - once they open there doors NEM isn't going to be $0.45 anymore over there. If BTC takes off from here all alts are going to bleed anyway so then the people that are still holding XEM and have already taken a large hit are going to see that as a painful opportunity cost and dump some more. If BTC corrects to 6K again then everything is going down hard. Basically BTC has to sit still or creep up to give XEM any chance to recover and this would have to be a substantial period - not the style of BTC as of late. Lon Wong made a terrible decision in tainting wallets and individual coins. He basically demonstrated that XEM is not fungibile and the Foundation will intervene at any time in situations they do not consider ethical. This is not their place because with a true currency people should be able to acquire it and dispose of it however they see fit - NEM Foundation isn't the proper authority to be governing this. This is a law enforcement matter and while I would agree with NEM Foundation cooperating with an investigation they shouldn't try to be the law. It gives the impression that if they don't agree with a project or business using XEM they could start throwing up roadblocks on those wallets and/or tokens that pass through them. It is a slippery slope and anti-crypto in many ways. The coins were tainted because they were stolen. Its a bit of a leap to compare that to intervening in unethical situations or throwing up roadblocks on projects they don't agree with. The tainted coins are obviously still being traded. Its similar in my view to inking stolen cash from a bank. Other coins have succumbed to pressure and forked after similar losses. I think they deserved at lot of praise for not going down this route. Sure the coin is going to lose value during this phase but we all knew that when the theft occurred and could have sold and bought back at the bottom. No point in bitching after the fact Yes there is a point. So every single time XEM gets stolen in a project that could last decades with a finite supply of coins there will be new tainted coins in circulation? What kind of idiocy is that? In theory 100% of the circulating supply could become tainted. Who decides when to untaint and "you're legit." See the problem? That actually is a fair point that i had not considered. I guess the decision was rushed when the pressure came on to fork and wasn't thought through properly. In the end the tainting worked out to be relatively ineffective so i don't see a repeat. Any tainting attempt is a one-shot attempt. If it proves to be unsuccessful, as it did in this case, then you can forget about it. End of the day, it is just an asset being created on the NEM blockchain and distributed to several addresses. By itself, without everyone agreeing to what it means, it means nothing really. |
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yonton
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March 04, 2018, 07:29:08 PM |
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NEM went from being one of my best investments to worst in such a short period of time, it just keeps gushing blood.
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johnny5johnny5
Newbie
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Activity: 35
Merit: 0
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March 04, 2018, 08:15:49 PM |
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This wallet tainting issue to me is reminiscent of the Ethereum DAO hack. Same kind of FUD going on at that time for ETH and look at ETH now.
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pfrtlpfmpf
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March 04, 2018, 10:25:07 PM
Last edit: March 04, 2018, 10:38:49 PM by pfrtlpfmpf |
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To me, it looks as if a bank gets robbed of millions of dollars, we discuss the worth of dollars ? !
Chill out, guys and girls !
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cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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March 04, 2018, 11:35:07 PM |
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To me, it looks as if a bank gets robbed of millions of dollars, we discuss the worth of dollars ? !
Chill out, guys and girls !
the scope is different the theft that happend would be like USA england france amd germany got their national bank funds stolen the same time that would have impact on worldwide economy too but still no need to panic after rain always follow sunshine |
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Hyjinx
Newbie
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Activity: 61
Merit: 0
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March 04, 2018, 11:52:14 PM |
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To me, it looks as if a bank gets robbed of millions of dollars, we discuss the worth of dollars ? !
Chill out, guys and girls !
the scope is different the theft that happend would be like USA england france amd germany got their national bank funds stolen the same time that would have impact on worldwide economy too but still no need to panic after rain always follow sunshine LOL, no. What is going to happen now is BTC is going to start it's run once it gets through 11.8 K. All Alts are going to get the shit beat out of them, including XEM which can't take much more. |
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pfrtlpfmpf
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March 05, 2018, 12:31:04 AM |
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Which exchange lets me deposit bitcoin, buy XEM, and let me WITHDRAW them, they are all fucked up now, because of the hack-thing.
Which one is working ?
I can´t stand these prices, have to buy some more, but where ?
You weak hands sell into my strong hands, no plomblem.
Where ?
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pfrtlpfmpf
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March 05, 2018, 01:16:50 AM
Last edit: March 05, 2018, 01:33:18 AM by pfrtlpfmpf |
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You´re one heck of a fucked up poster, but you got one thing right: I just withdrew XEM from Polo (their daily limit sucks), after weeks of not beeing able to do that. And with speed. In under a minute, or so ! All you have to do now, is to adjust your stance towards NEM. We would welcome you. Thank you. |
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moonriver
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March 05, 2018, 01:42:49 AM |
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You´re one heck of a fucked up poster, but you got one thing right: I just withdrew XEM from Polo (their daily limit sucks), after weeks of not beeing able to do that. And with speed. In under a minute, or so ! All you have to do now, is to adjust your stance towards NEM. We would welcome you. Thank you. That is exactly what I am doing now. With discounted price, I can withdraw more NEW from poloniex now. |
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pfrtlpfmpf
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March 05, 2018, 03:24:27 AM |
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You´re one heck of a fucked up poster, but you got one thing right: I just withdrew XEM from Polo (their daily limit sucks), after weeks of not beeing able to do that. And with speed. In under a minute, or so ! All you have to do now, is to adjust your stance towards NEM. We would welcome you. Thank you. That is exactly what I am doing now. With discounted price, I can withdraw more NEW from poloniex now. It is NEM, not NEW, you numbnuts  But still, i love you ! |
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inkadnb
Member
Offline
Activity: 126
Merit: 10
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March 05, 2018, 05:07:23 AM |
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The hacker is laundering millions of XEM through CoinPayments.net I spoke with the CEO on Telegram and he refuses to do anything without a court order. I provided all evidence to him but he doesn't care.     So yeah, thanks to this guy the hacker currently has a completely unrestricted method of laundering. Essentially the hacker is depositing into the CoinPayments wallet, and immediately withdrawing to bittrex, hitbtc, polo, etc and dumping. The hacker can do this because as soon as the deposit hits CoinPayments the tainted 'mosaic' doesn't affect it because as far as the taint bot is concerned CoinPayments is an exchange. So yeah fuck CoinPayments. They're completely aware of the situation but unwilling to do anything until they get a court order. |
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leoinker
Member
Offline
Activity: 107
Merit: 24
Here to help however I can.
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March 05, 2018, 05:58:18 AM |
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Wow! Essentially, he is saying that he won't do anything without a court order, because it somehow will set a precedent encouraging government intervention in possible future scenarios involving "freedom fighters"...
So he doesn't want government intervention, but says that that's what must happen for him to do anything.
In this scenario, Inkadnb is the "freedom fighter". The precedent Ervichov is setting, is a big welcome sign to hackers or anyone wishing to launder money.
In the very least, he could easily disable XEM payments entirely. Doing so would have no interference with anyone's privacy, and would help provide better service to NEM and the XEM user base long term.
I don't think this will be good for CoinPayments, which does have an obligation to do what is in the best interest of it's investors.
*Edit* I just saw this on their Twitter:
@CoinPaymentsNET
NEM is down for temporary maintenance. It should be back within 24 hours.
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twitter: @leoinker | Find this post helpful? Merit it! Then donate some XEM: NDKYQJKJ5N5WTNNM5CXDJ3FNAACULZMN7DVARZH6 |
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Alohaboy?!
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March 05, 2018, 06:29:02 AM |
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*Edit* I just saw this on their Twitter:
@CoinPaymentsNET
NEM is down for temporary maintenance. It should be back within 24 hours.
that doesn't really mean they will prevent the laundering |
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rigel
Legendary
Offline
Activity: 1240
Merit: 1001
Thank God I'm an atheist
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March 05, 2018, 08:43:03 AM |
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Bump Less than 4 days to issue your vote. |
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nzminer
Legendary
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Activity: 1918
Merit: 1001
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March 05, 2018, 09:03:47 AM |
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Bump Less than 4 days to issue your vote. Bumping again! 4 days left and 3/4 of the way there! Please vote on this project if you have not done so already! |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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moonriver
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March 05, 2018, 09:26:52 AM |
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The hack issue is the reason NEM keeping dumping, is that right?
How do we know when the dump is over?
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fragout
Legendary
Offline
Activity: 1280
Merit: 1020
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March 05, 2018, 09:45:47 AM |
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The hack issue is the reason NEM keeping dumping, is that right?
How do we know when the dump is over?
Um. When you see the price going up instead of down I guess |
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irwanjabryg
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March 05, 2018, 09:56:48 AM |
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The hack issue is the reason NEM keeping dumping, is that right?
How do we know when the dump is over?
How many XEM has been stolen by hackers  Hackers are not stupid, they send little by little the stolen coin. I advise to cover all deposit in all excenger but that is not the best way. I hope the NEM team can find a way out to keep the NEM prices down  |
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