coinbeach1
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March 20, 2018, 04:36:11 PM |
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They say it is one of the fastest coins with 4000 Transactions per second for Catapult. There is a channel on YouTube called InsideNem that explains the new developments. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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YoungBoss18
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March 20, 2018, 05:02:46 PM |
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that is indeed great news. NEM really deserves that This is great news. NEM has long deserved it. Binance is an excellent exchange for trading. Who has an opinion on the growth of the price of coins? |
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greentea
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March 20, 2018, 05:42:52 PM |
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The way this message is told, it seems to me that law enforcement is closing in on someone, or even arrested someone in their investigations. Very possible, the tagging did serve some purpose with this statement. "...provided law enforcement with actionable information."I'm sure Coincheck will never give up in trying to track the hacker(s) ... |
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greentea
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March 20, 2018, 05:56:10 PM |
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This company (DarcMatter) seems well connected & is using the NEM blockchain. https://dmc.darcmatter.com/Has been in the works for awhile, but this year product will launch if you look at their roadmap. From their whitepaper: 6.2Why NEM Blockchain?
NEM has a very strong team of developers and a great vision which was driven around the development of the underlying technology and its efficient use rather than marketing and hype generation as with many other blockchain platforms. There was a focus on real-world use cases and the generation of the underlying value from the real-build out of platforms and economics.
Furthermore, there has been significant work that has been put into making the NEM blockchain accessible and modifiable in a much more scalable fashion than others including Ethereum. And while the technology is very well designed for platform building for secure transactions such as alternative investments, it also utilizes significantly less power in its harvesting process as opposed to high energy use from mining of other cryptocurrencies. Recent in the news: https://cointelegraph.com/news/blockchain-platform-to-tokenize-antiquated-alternative-investments-sector |
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Sateetje
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March 20, 2018, 06:08:02 PM |
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I don’t know if it’s in this topic already... But here an awesome list with projects using NEM. https://github.com/Sateetje/awesome-nem-projects |
ProximaX - Sirius Chain - XPX - METX
Blockchain - Storage - Streaming - Super contracts - Build-In DEX - NFT - Gaming
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ruletheworld
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March 20, 2018, 06:24:15 PM |
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That's good to know, and also quite expected. NEM is a widely distributed crypto and there is no central control for the NEM blockchain. It is similar to ETH in that way (today that is). I would think the recent SEC developments should not affect NEM at all. In fact, I'd say it would be one of the last 5-10 cryptos affected by the SEC developments. It is also big enough that the exchanges shouldn't remove NEM just for being extra safe. This places NEM in a good spot. |
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ruletheworld
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March 20, 2018, 06:27:30 PM |
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Yeah, it's been posted a few times, but this is a great list, and always good to be reminded of the actual projects being built on NEM than the complaining about the price that seems to dominate more. Do you have a few projects in this list that you like the most? |
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vic_veles
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March 20, 2018, 07:32:38 PM |
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I think there's still hope and it will become a more popular coin and will grow in value.
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Brilliantrocket
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March 20, 2018, 08:32:29 PM |
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I really hope the blood loss stops quickly. Nobody appears interested in the actual coin, volume level is a horrible.
not many tend to be buying or selling and zero buzz or attention it seems.
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gentlemand
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Welt Am Draht
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March 20, 2018, 08:35:46 PM |
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I really hope the blood loss stops quickly. Nobody appears interested in the actual coin, volume level is a horrible.
not many tend to be buying or selling and zero buzz or attention it seems.
What? Volume is gargantuan. |
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wiser
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March 20, 2018, 08:44:36 PM |
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The way this message is told, it seems to me that law enforcement is closing in on someone, or even arrested someone in their investigations. That's how I read it too--that the tagging in some way led them to a strong suspect. I'm looking forward to the hacking fallout being behind us. The hacker didn't just steal from Coincheck; he stole from all of us who hold NEM. |
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leoinker
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Here to help however I can.
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March 20, 2018, 09:15:03 PM |
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The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.
I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!
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twitter: @leoinker | Find this post helpful? Merit it! Then donate some XEM: NDKYQJKJ5N5WTNNM5CXDJ3FNAACULZMN7DVARZH6  |
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wiser
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March 21, 2018, 12:00:46 AM |
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The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.
I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!
Those are all excellent points, especially 1, 2, and 4. The "redistribution" was theft, plain and simple, and in a way he didn't just steal from Coincheck. He stole from all of us holding NEM, especially anyone who was in a position where they needed to sell for any reason (such as paying a bill) while the price is depressed due to his/her actions. But with that said, this kind of thing happens in crypto, and we pretty much have to expect it for the time being. |
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Big Naturals
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March 21, 2018, 12:39:03 AM |
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The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.
I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!
Those are all excellent points, especially 1, 2, and 4. The "redistribution" was theft, plain and simple, and in a way he didn't just steal from Coincheck. He stole from all of us holding NEM, especially anyone who was in a position where they needed to sell for any reason (such as paying a bill) while the price is depressed due to his/her actions. But with that said, this kind of thing happens in crypto, and we pretty much have to expect it for the time being. These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die! |
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jacobwoods
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March 21, 2018, 01:18:24 AM |
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Hey everyone. I wanted to invite community members to Switchain. It's a newly revamped non-custodial exchange and a efficiency way to trade NEM. I'm brand new to the community and I wish everyone luck. Thanks! |
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wiser
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March 21, 2018, 04:25:09 AM |
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These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!
Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent. |
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raoulsergia
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March 21, 2018, 04:47:15 AM |
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These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!
Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent. LOL the analogy sucks but I agre than NEM made it through the dark night Many coins take years ... The exchange was great to refund the customers unlike some other shit exchanges which got hacked recently Shows the difference between professionally run exchange like Coincheck and a shady job exchanges which are dime a dozen |
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Big Naturals
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March 21, 2018, 06:59:33 AM |
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These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!
Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent. LOL the analogy sucks but I agre than NEM made it through the dark night Many coins take years ... The exchange was great to refund the customers unlike some other shit exchanges which got hacked recently Shows the difference between professionally run exchange like Coincheck and a shady job exchanges which are dime a dozen Yes, leaving newborn babies outside in the cold is horrible, but it did weed out the weaker ones, strengthened the gene pool, and made Sparta strong. Forget the analogy if it upsets you, but I fear too many cryptos with billions in marketcap are very weak, easily damaged, and beneath a thin veneer of 'decentralization' are actually highly centralised with unaccountable governance, multiple points of failure, and dependent on a few key people to keep things 'credible' for investors. The recent wave of FUD and media scare campaigns is good if it weeds out the weak cryptos, and a mega hack is nothing compared to a full frontal government assault like a outright ban. Crypto needs to survive that if it's going to survive long term, and out of +1500 coins I only see 3-4 that would. Take XMR for example, all it would take to have it crumble into a pile of dust would be news that Ricardo Spagni was on his knees in a South African prison servicing other inmates after being arrested on trumped up charges if anonymous coins were ever banned, and remaining XMR dev team would vaporise into thin air. Same for Z-cash with Zooko Wilcox, if he gets called into the FBI for a chat, Z-cash goes in the toilet. In a few years crypto will likely be a battleground, with key people getting arrested for SEC violations and people will do jail time for some ICO abuses. When that happens only the Spartan coins will survive, and even a 500mil hack will look like a smack on the bum, not a night outdoors for a newborn. It's coming guys, WAR |
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CryptoSporidium
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March 21, 2018, 07:58:50 AM |
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Take XMR for example, all it would take to have it crumble into a pile of dust would be news that Ricardo Spagni was on his knees in a South African prison servicing other inmates after being arrested on trumped up charges if anonymous coins were ever banned, and remaining XMR dev team would vaporise into thin air. Same for Z-cash with Zooko Wilcox, if he gets called into the FBI for a chat, Z-cash goes in the toilet.
In a few years crypto will likely be a battleground, with key people getting arrested for SEC violations and people will do jail time for some ICO abuses. When that happens only the Spartan coins will survive, and even a 500mil hack will look like a smack on the bum, not a night outdoors for a newborn. It's coming guys, WAR
Colorful language but point well made, public devs of anonymous crypto currencies is definitely a point of failure, that's why I prefer BBR::Zoidberg & KMD::jl777 in many ways to XMR and Zcash, as those guys are both anonymous and world class devs, and you still get the same basic tech as XMR & Zcash but with plenty of extra features. edit, I see today TPTB are recycling 'child porn on the blockchain' , soon we'll hear news of terrorists using XMR and/or Zcash and that's when public devs will get squeezed for supporting terrorist organizations if they refuse to de-anonymize transactions, which would be complete BS but still enough to get someone behind bars to set an example |
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Alohaboy?!
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March 21, 2018, 10:39:49 AM |
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These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!
Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent. that's really rough but reminds me of the movie 300  . Anyway I really share your point here. In the end it could really help the project since the distribution will be on a larger base after selling the stolen XEM ( since most of the stolen ones did belong to coinchecks itself) and the publicity is something which really could help longterm. I just hope the hacker dumps the rest and we can start rising again |
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