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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2914885 times)
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March 21, 2018, 04:58:26 PM
Last edit: March 21, 2018, 06:26:56 PM by leoinker
Merited by wiser (2)
 #36421

Hacker Wallet addresses:

Main one being drained: NBEAUKXJLBJXXTPXN2OPIX3LZQWWZA56IQO2P5S3
One that's been static: NDABPHWFPH7KL5FADCW66V4GYLVXHKYQIPWL4G2B

edit/
The obvious implication that most assume is that at the of the end of dumping, we would see a price increase. Seasoned traders agree, and are planning for it.
The price point the hacker is dumping at is ~3300 sats. These same traders are buying in that range. - But I am sure many will dump somewhere along the line as price increases. However the effect short term traders have, should be like a drip in comparison to the hackers flood.

And thank you to whoever all has donated!  Smiley Smiley
/edit

2nd edit/
I feel like it's important to correct and clarify some things I shared in the past. Most importantly the issue of catapult release.
Mostly due to language barriers, I made a mistake in my assumptions. I've since been corrected by some within NEM foundation.

Lon Wong said catapult source will be released this quarter. However, he was meaning the mijin source - which DOES run on catapult code. Mijin is a private chain. It's primary use is for businesses to use an in-house chain that can communicate with the main NEM public chain.

Additionally, I was told that Lon may have meant by the end of the 4th month, which would be April. I guess we will find out soon enough!
This is still great news! It will make it much easier for businesses to use mijin and likely the main NEM chain as well. It should draw the attention of large enterprise seeking to improve their current in-house operations.

Mijin chain can reduce operational costs for many businesses by a significant degree. - No need to take backups, no need for extensive hardware, no need for elaborate security software, amongst so many things! Even things we might not consider right away - like a business no longer having a need for file-cabinets, thus saving on floor space, time spent finding paperwork, loss of documents, etc.

With all that said. Catapult implementation on the public chain is unlikely to occur before the 3rd quarter, which begins July 1st. However, don't bank on this exact date, as it will most likely require more time. At the same time, I wouldn't wait until then to plan an investment in NEM.

Even with the current state of NEM, we have great advantages over other smart-asset blockchains, including Ethereum. Many smart asset chains aren't even a functional product yet, and most don't expect to be this year.
/2nd edit



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March 21, 2018, 06:56:12 PM
 #36422

Just wanted to update everyone here on the hackers funds. He has nearly drained the bulk of XEM. About ~20 mill remaining in the wallet he's draining now. + An additional 16mill that hasn't been moved. Maybe the 16mil is his retirement fund?  Grin
So he's almost out! That is a significant drop from the 130mil he had yesterday!

It sure seems like we would see some price movement upward once he's done flooding the market! Especially with NEM being exposed to so many new people, on Binance. I have been surprised how many traders hadn't even heard of NEM!

I'm actually quite amazed that the market has absorbed so much NEM in such a short time and "only" dipped by as much (way too much ofc) as it did.

This really means there is solid backing behind NEM and not some silly day traders that cry about dumps.

Tell me any other coin at this moment that could absorb 5% of the total supply in just over a month the way NEM did (keep in mind, this % is actually much closer to 10% or more if you take into account the NEM foundation holdings and other perma holders since start).
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March 21, 2018, 06:57:06 PM
 #36423

the hacker go the coin from 1$ to 0.30$  thats it nothing else Tongue Tongue Tongue Tongue Tongue Tongue

and in the meantime the price of NEM is 0,292338 USD, it is possible to purchase even before, and keep at least until the price grows to $ 1. I think it will be soon
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March 21, 2018, 08:52:01 PM
 #36424

Just wanted to update everyone here on the hackers funds. He has nearly drained the bulk of XEM. About ~20 mill remaining in the wallet he's draining now. + An additional 16mill that hasn't been moved. Maybe the 16mil is his retirement fund?  Grin
So he's almost out! That is a significant drop from the 130mil he had yesterday!

It sure seems like we would see some price movement upward once he's done flooding the market! Especially with NEM being exposed to so many new people, on Binance. I have been surprised how many traders hadn't even heard of NEM!

Nice job tracking but if he sent the NEM to bittrex or binance, you would think that the accounts would have been flagged with such volume coming into/out of them. I know he could have faked the KYC requirements but he is surly opening up a tricky trail to hide when he eventually tries to get back to fiat.
tbh honest I thought he/they would drag the process out for years ad quite surprised he never asked for a deal.
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March 21, 2018, 08:58:53 PM
Last edit: March 21, 2018, 09:13:35 PM by leoinker
Merited by gentlemand (2), codemanX (1)
 #36425

Another hacker update.
We're looking at about 12mill left in the hacker's hot wallet. He's been draining it at a rate of ~2.6mil per hour.

If he doesn't start draining from his cold wallet, we should see the dump ending in ~5hours. (7:30AM Server time)
The current rate of price drop puts us at around 3100 sats at that time, if buys do not increase.

If hacker begins dumping from cold wallet at same rate, we are expected to see the the dump end in ~12 hours. (2:30PM Server time)
If buys do not increase, we may hit 3000 satoshi.

It is possible, but unlikely that we have missed a transaction that went to a 3rd wallet. Myself and others are checking every transaction from hackers wallets, and following them through a series of other wallets, and eventually into exchanges.

It appears the hacker is using some sort of mixer software to generate addresses and automate transfers between them, as well as trade bots on exchange accounts created with stolen or fake IDs. Most of the dumps are happening on Bittrex and Huobi.

This just might be our last day for cheap XEM.

edit/ @fragout he must be using a series of accounts so they don't get flagged, or so that he can stay one step ahead. He is not depositing extra large sums at a time, but running them through address mixers, and making small deposits at a time.
It is possible that he is buying his own XEM to add an extra level of trickery, but after debating the issue at length with others, we all pretty much concluded that it would be stupid for him to do that. This hacker needs to unload the XEM, and never touch it again. Simply by having a xem or xem wallet, or any interest in xem, he puts himself in a tiny minority of the population. - And if he were buying back the xem, the market price would reflect that.
The hacker/s are clearly smart. S/he or They will most likely mix the BTC from sales into various other coins, run them through tons of addresses, and eventually turn it into fiat of some sort.
/edit

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March 21, 2018, 10:08:07 PM
 #36426

NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multi-signature accounts, encrypted messaging, and an Eigentrust++ reputation system.

In 2016, NEM jumped in price and become one of the largest cryptocurrency by market capitalization. While the industry was struggling with the DAO hack and recession of the Ethereum, several Japanese banks signed an agreement with NEM to create a payment infrastructure for the blockchain.

The 2018 year which started with the depression all around the cryptomarkets pushed the coin to the lows, almost wiping the 2017-year gains. XEMBTC found a bottom around the 0.00003 level and now is drawing a rebound pattern. The coin had a downward impulse recently, while was facing the consequences of the Coincheck hack and waiting for the G20 crypto-regulation statements.
Coincheck has settled an issue, and G20 summit turned out to be better than expected for the future of the cryptocurrencies.
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March 22, 2018, 12:02:35 AM
 #36427

Thanks for this update and clarification. It's awesome to see the light at the end of the tunnel on the Coincheck hack. NEM should definitely be higher. I wish I had more cash to buy it cheap.

Your clarification is my basic understanding of catapult, and the various stages in which it will be released.

Hacker Wallet addresses:

Main one being drained: NBEAUKXJLBJXXTPXN2OPIX3LZQWWZA56IQO2P5S3
One that's been static: NDABPHWFPH7KL5FADCW66V4GYLVXHKYQIPWL4G2B

edit/
The obvious implication that most assume is that at the of the end of dumping, we would see a price increase. Seasoned traders agree, and are planning for it.
The price point the hacker is dumping at is ~3300 sats. These same traders are buying in that range. - But I am sure many will dump somewhere along the line as price increases. However the effect short term traders have, should be like a drip in comparison to the hackers flood.

And thank you to whoever all has donated!  Smiley Smiley
/edit

2nd edit/
I feel like it's important to correct and clarify some things I shared in the past. Most importantly the issue of catapult release.
Mostly due to language barriers, I made a mistake in my assumptions. I've since been corrected by some within NEM foundation.

Lon Wong said catapult source will be released this quarter. However, he was meaning the mijin source - which DOES run on catapult code. Mijin is a private chain. It's primary use is for businesses to use an in-house chain that can communicate with the main NEM public chain.

Additionally, I was told that Lon may have meant by the end of the 4th month, which would be April. I guess we will find out soon enough!
This is still great news! It will make it much easier for businesses to use mijin and likely the main NEM chain as well. It should draw the attention of large enterprise seeking to improve their current in-house operations.

Mijin chain can reduce operational costs for many businesses by a significant degree. - No need to take backups, no need for extensive hardware, no need for elaborate security software, amongst so many things! Even things we might not consider right away - like a business no longer having a need for file-cabinets, thus saving on floor space, time spent finding paperwork, loss of documents, etc.

With all that said. Catapult implementation on the public chain is unlikely to occur before the 3rd quarter, which begins July 1st. However, don't bank on this exact date, as it will most likely require more time. At the same time, I wouldn't wait until then to plan an investment in NEM.

Even with the current state of NEM, we have great advantages over other smart-asset blockchains, including Ethereum. Many smart asset chains aren't even a functional product yet, and most don't expect to be this year.
/2nd edit




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March 22, 2018, 12:35:18 AM
Merited by gentlemand (2)
 #36428



The end of the tunnel.
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March 22, 2018, 01:08:04 AM
 #36429

I agree with what others have said about how coins whose goal is anonymity are going to be weeded out. They just won't work with KYC laws. The smart coins are recognizing this, coming to terms with it, and even embracing it, and that's a good thing. DMD Diamond recently made a statement to that effect. And DNotes, which is about to launch its version 2.0, is also fully embracing regulatory compliance. Being a holder of NEM, I'm very glad to see NEM taking that route too.

I think there will still be a market for anonymous coins, but having highly visible devs and even companies running them like XMR and Zcash currently have makes about as much sense as trying to advertise and sell heroin by having drug dealers give talks at pharmaceutical conferences. Eventually anon coins are going to be forced deep underground, and to survive they need anonymous devs.

If I want to buy illegal stuff I certainty want the dude I buy it from to take security seriously, otherwise if he gets compromised, so can I. Same logic for illegal crypto, which anon coins could be soon, squeeze these devs hard enough and they'll crack, TPTB don't play fair.

XEM is going down the full compliance path, which ultimately makes it a safer investment.
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March 22, 2018, 01:26:18 AM
Last edit: March 22, 2018, 01:46:59 AM by pfrtlpfmpf
 #36430

I agree with what others have said about how coins whose goal is anonymity are going to be weeded out. They just won't work with KYC laws. The smart coins are recognizing this, coming to terms with it, and even embracing it, and that's a good thing. DMD Diamond recently made a statement to that effect. And DNotes, which is about to launch its version 2.0, is also fully embracing regulatory compliance. Being a holder of NEM, I'm very glad to see NEM taking that route too.

I think there will still be a market for anonymous coins, but having highly visible devs and even companies running them like XMR and Zcash currently have makes about as much sense as trying to advertise and sell heroin by having drug dealers give talks at pharmaceutical conferences. Eventually anon coins are going to be forced deep underground, and to survive they need anonymous devs.

If I want to buy illegal stuff I certainty want the dude I buy it from to take security seriously, otherwise if he gets compromised, so can I. Same logic for illegal crypto, which anon coins could be soon, squeeze these devs hard enough and they'll crack, TPTB don't play fair.

XEM is going down the full compliance path, which ultimately makes it a safer investment.


That was one of my main points, when i decided to invest in NEM. The anonymous path just can´t go well !
At least not to the stratosphere, where we are going . . .

But i still hope for my BTCP to go off, just to sell them then. Only thing, that bothers me, is that everybody can see my balance on the blockchain, it´s like playing poker with cards layed out on the table, or paying at 7/11 with a bundle of thousand dollar notes.



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March 22, 2018, 01:45:02 AM
Last edit: March 22, 2018, 06:33:51 AM by leoinker
 #36431

See the buy walls forming on the exchanges? The pressure is building! Once this flood is over, we launch! Here is Binances
Hope you have your XEM stockpiled safely, helmet double buckled, and a toothy grin to flash your significant other.

Less than 8mill Now only 3mill  1mill 740k left in hackers hot wallet! -  Soon we see if he starts draining 16mill wallet.
Hacker put a notice on his onion site stating that this is the last of the reserve he's selling.

And the green candles are lining up! Hacker hasn't touched 16mill account yet either.

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March 22, 2018, 07:35:55 AM
 #36432

Currently on Poloniex :

XEM is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the XEM team. Any updates must be tested and audited before enabling.

Is there any consequence with dumping of stolen coins ?
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March 22, 2018, 07:49:07 AM
 #36433

See the buy walls forming on the exchanges? The pressure is building! Once this flood is over, we launch! Here is Binances
Hope you have your XEM stockpiled safely, helmet double buckled, and a toothy grin to flash your significant other.

Less than 8mill Now only 3mill  1mill 740k left in hackers hot wallet! -  Soon we see if he starts draining 16mill wallet.
Hacker put a notice on his onion site stating that this is the last of the reserve he's selling.

And the green candles are lining up! Hacker hasn't touched 16mill account yet either.
You seem a little bit too excited for something that jumped like 150 satoshi in about 6-7 hours
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March 22, 2018, 07:58:03 AM
Last edit: March 22, 2018, 08:13:51 AM by leoinker
 #36434

You seem a little bit too excited for something that jumped like 150 satoshi in about 6-7 hours

Well you are sure a jolt of positive energy aren't you!? Thanks! I can use the encouragement! I've been awake for many many hours tracking hacker funds and making sure there's none stashed. Hacker has been major burden on NEM community for way too long.
Cool to know that you're passionate about dissing people that are passionate about meaningful things. I'll keep giving you material to dis, too. - just donate some XEM for my effort. Address is in my sig.

@KloNEM - Polo has nem wallet issues all the time. Same with Cryptopia. Usually just takes a day or two for them to fix it.

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March 22, 2018, 08:25:54 AM
 #36435

You seem a little bit too excited for something that jumped like 150 satoshi in about 6-7 hours

Well you are sure a jolt of positive energy aren't you!? Thanks! I can use the encouragement! I've been awake for many many hours tracking hacker funds and making sure there's none stashed. Hacker has been major burden on NEM community for way too long.
Cool to know that you're passionate about dissing people that are passionate about meaningful things. I'll keep giving you material to dis, too. - just donate some XEM for my effort. Address is in my sig.
My point is that I dont see any forming walls or price spikes as you are saying, price barely changed, these green candles aren't even worth mentioning so... what's the point of spending so many hours tracking funds?
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March 22, 2018, 08:54:34 AM
 #36436

@bisti-  Most people went to sleep, and removed their buy walls. We are chewing through the last of the dumps, and the short termer's speculations.

I was tracking funds so the hacker couldn't stash funds in scattered addresses to avoid rich list, then come back to haunt us later. Also to encourage the NEM community.
Lots of newcomers come to this forum from google search and just read. It is good to have important information like the end of a dump readily available.

We are up 7% since I mentioned green candles. If you would have bought then, that is a significant increase in value.

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March 22, 2018, 09:22:18 AM
 #36437

Bitcoin.com reports that NEM foundation stops tracking coins stolen from Coincheck. Are there any information why?

Here is the link to the article https://news.bitcoin.com/nem-foundation-stops-tracking-coins-stolen-coincheck/
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March 22, 2018, 10:10:37 AM
Last edit: March 22, 2018, 11:09:50 AM by leoinker
 #36438

Bitcoin.com reports that NEM foundation stops tracking coins stolen from Coincheck. Are there any information why?
Here is the link to the article https://news.bitcoin.com/nem-foundation-stops-tracking-coins-stolen-coincheck/

There really wasn't much need of it anymore. NEM is public ledger anyway, so can still track funds. Mosiac didn't stop hacker from laundering XEM.

This is nuts: https://www.nikkei.com/article/DGXMZO28441290S8A320C1MM8000/

Japan issues warning to Binance for servicing Japanese traders without KYC. If you translate it, it says "If they do not stop business, we will criminal charges in collaboration with police authorities"
Immediate tanking of most crypto following this report. :/ Right went we were getting off to good growth! Some say it's fake news. Also possible that site was hacked to post it. Don't know for sure right now!

edit/ It appears to be true: https://www.bloomberg.com/news/articles/2018-03-22/bitcoin-falls-after-report-that-binance-faces-warning-in-japan

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March 22, 2018, 12:23:08 PM
 #36439

And thank you to whoever all has donated!  Smiley Smiley

Sorry I was curious and looked at your wallet, don't say these transactions are all donations  Huh

I really like NEM and appreciate your work, you got one of my leftover sMerit, I hope it will help you to rank up somedays.
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March 22, 2018, 12:50:45 PM
 #36440

Bitcoin.com reports that NEM foundation stops tracking coins stolen from Coincheck. Are there any information why?
Here is the link to the article https://news.bitcoin.com/nem-foundation-stops-tracking-coins-stolen-coincheck/

There really wasn't much need of it anymore. NEM is public ledger anyway, so can still track funds. Mosiac didn't stop hacker from laundering XEM.

This is nuts: https://www.nikkei.com/article/DGXMZO28441290S8A320C1MM8000/

Japan issues warning to Binance for servicing Japanese traders without KYC. If you translate it, it says "If they do not stop business, we will criminal charges in collaboration with police authorities"
Immediate tanking of most crypto following this report. :/ Right went we were getting off to good growth! Some say it's fake news. Also possible that site was hacked to post it. Don't know for sure right now!

edit/ It appears to be true: https://www.bloomberg.com/news/articles/2018-03-22/bitcoin-falls-after-report-that-binance-faces-warning-in-japan

Wow! It's one thing after another for NEM, isn't it? Thinking positively, I guess this could extend the buying opportunity for picking up more XEM. Exchanges being slapped with KYC warnings is pretty much inevitable no matter where in the world they are. It used to be thought that only US exchanges had to deal with that stuff, but that is definitely not true. Hopefully Coincheck and its traders cooperate and this turns out to be no more than a little bump in the road for them.

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