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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2892582 times)
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satb
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January 31, 2019, 04:23:26 PM
 #38321

Get rid of the foundation, crowdfund a marketing team and help the developers still on board.

It's obvious the foundation is just a low effort scam grab cash.

That is an option as an alternative to funding the foundation with the community fund.

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lemonandfriesonetwo
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January 31, 2019, 04:27:50 PM
 #38322

Get rid of the foundation, crowdfund a marketing team and help the developers still on board.

It's obvious the foundation is just a low effort scam grab cash.

That is an option as an alternative to funding the foundation with the community fund.

Yes, let's reward the hard working developers and get rid of these "managers".

It's obvious the foundation is just there for the $$$. Disband it, use the funds for developers and an independent marketing team that the community manages and votes on.

Remember: It's "NEM - New Economy Movement", not "NEM - Let's run it like a cheap restaurant"
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January 31, 2019, 04:42:23 PM
 #38323

If the Dev hadn't called up the foundation in that post, the old members of the foundation would have carried on as they were and things would have been a lot worse.  In my opinion it was a positive thing and a change of foundation is what was needed.  Drastic changes now have to be made to make the foundation more streamlined and future proof.  Short term pain for long term growth.

That is true.
But if developers had issues with the foundation they should had called up earlier
that would cause more pressure from holders earlier to resolve the issues.

I think that is also our fault we didn't pressure them more to release
info ON OFFICIAL FORUM and to be accountable Sad

There were some news releases here and there ever other communication channels
which gave the impression that something was happening but there was not
clear transparency about the spending of the funds.

I hope this new elected foundation will change that.
I also advise developer not to be silent and share the problem they have with the community.

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January 31, 2019, 05:52:59 PM
 #38324

Call it for what it is:
We have been scammed.
Get rid of the foundation.
Reward the developers and hire a marketing team.
Foundation is just a black hole for $$$.

Quote
NEMSecretariatOffice: "...We saw very little accountability for funds and questionable ROI, leading to a burn rate of 9 million XEM per month."
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January 31, 2019, 06:37:48 PM
 #38325

Call it for what it is:
We have been scammed.
Get rid of the foundation.
Reward the developers and hire a marketing team.
Foundation is just a black hole for $$$.

Quote
NEMSecretariatOffice: "...We saw very little accountability for funds and questionable ROI, leading to a burn rate of 9 million XEM per month."



Maybe true, maybe not.
It is true that honey entices bees and other insects.
Among of them exist, sometimes, individuals who are more concerned about their personal benefits than the community.
That has been seen in many big, international companies.

If the NEM Foundation has been on the wrong rails, it is quite quickly corrected - it is much easier than turning big ships.


NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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January 31, 2019, 06:44:47 PM
 #38326

This is the post-V1fund which is one of many funds:

http://chain.nem.ninja/#/search/NDEVPOSK4OMR4PRTLYFHX4W5QTOND7TZDT2DTU4Q

There's enough XEM in there to last much much longer than a month, and it's not the only fund.  It appears that this is more of a liquidity issue than a lack of funds.

There's ~ 3 billion XEM spread out over the various funds. 

https://nemnodes.org/richlist/



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January 31, 2019, 07:18:06 PM
 #38327

Dump already started  https://poloniex.com/exchange#btc_xem

Also https://www.coindesk.com/nem-foundation-layoffs-xem-crypto

FASTEST WAY TO EARN Bitcoin!!! https://honeyminer.com/referred/58yoi FASTEST WAY TO EARN Bitcoin!!!
                              !!!!!!EARN BTC WHILE MINING OTHER COINS!!!!!!
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January 31, 2019, 07:55:34 PM
 #38328

Dump already started  https://poloniex.com/exchange#btc_xem

Also https://www.coindesk.com/nem-foundation-layoffs-xem-crypto


Whales start the drop from "bad" news to buy from lower levels. An old trick Smiley


Edit: when looking the curve of the last year, the volume of today is not much.
... ofc it will grow, when the whales read this Wink

NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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January 31, 2019, 09:56:05 PM
 #38329

Call it for what it is:
We have been scammed.
Get rid of the foundation.
Reward the developers and hire a marketing team.
Foundation is just a black hole for $$$.

Quote
NEMSecretariatOffice: "...We saw very little accountability for funds and questionable ROI, leading to a burn rate of 9 million XEM per month."



Maybe true, maybe not.
It is true that honey entices bees and other insects.
Among of them exist, sometimes, individuals who are more concerned about their personal benefits than the community.
That has been seen in many big, international companies.

If the NEM Foundation has been on the wrong rails, it is quite quickly corrected - it is much easier than turning big ships.



You do realize NEM was not meant to be a corporation with a CEO. It is a decentralized cryptocurrency, that's why the initial stake giveaway/sale.

I opposed the foundation when it started and thought it was a bad idea. And here we are now Roll Eyes

The "foundation" hardly appears here to talk with the initial stake holders, they have ignored us and drowned our voices.

I say down with this "foundation" and fund development/marketing instead of enriching a couple of "sales managers"

Price of NEM would have been higher now, but the "foundation" decided to burn ~9 million NEM a month.
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February 01, 2019, 12:28:27 AM
 #38330

Coindesk's article was very misleading.

Do check out the response from NEM's foundation here: https://forum.nem.io/t/nem-foundation-update-a-response-to-questions-and-anticipated-questions/21776

One of the most important point to note is
Quote
the NEM Foundation operates as a separate entity and is one of many ecosystem contributors to the NEM open-source project. Therefore the NEM Foundation is not NEM. The NEM open source project remains strong and thriving and Catapult development is unaffected by the financial situation of the NEM Foundation.

Quote
No, the current Foundation is not bankrupt. We are running low on XEM and FIAT funds. The 2019 Foundation is currently preparing a plan to achieve funding for the rest of the fiscal year and the restructure was place as a cost-saving measure.
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February 01, 2019, 02:38:45 AM
 #38331

The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well. According to a notice released by the NEM Foundation, a non-profit group formed to promote the blockchain, the foundation is short on cash and apparently could only survive for about one more month. In an effort to avoid having to file for bankruptcy, it will have to begin staff layoffs and is currently undergoing a significant restructuring.

https://forum.nem.io/t/nem-foundation-message-to-the-community/21753

SUGGEST RUN to OKcAsH or BitcoinSV they have the technological patents filed +1200 at this day

exemple: https://patentimages.storage.googleapis.com/92/ea/a4/24bf8330cdf7a3/WO2017187397A1.pdf?fbclid=IwAR1e4IPj87P1VZTxdEFHqeYLRCBbK11IZcn6BjlZFvMMyizeB71rmmzejy0


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February 01, 2019, 07:47:23 AM
Last edit: February 01, 2019, 10:26:12 AM by jkoil
 #38332

The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well. According to a notice released by the NEM Foundation, a non-profit group formed to promote the blockchain, the foundation is short on cash and apparently could only survive for about one more month. In an effort to avoid having to file for bankruptcy, it will have to begin staff layoffs and is currently undergoing a significant restructuring.

https://forum.nem.io/t/nem-foundation-message-to-the-community/21753

SUGGEST RUN to OKcAsH or BitcoinSV they have the technological patents filed +1200 at this day

exemple: https://patentimages.storage.googleapis.com/92/ea/a4/24bf8330cdf7a3/WO2017187397A1.pdf?fbclid=IwAR1e4IPj87P1VZTxdEFHqeYLRCBbK11IZcn6BjlZFvMMyizeB71rmmzejy0



Where is mentioned "1200 at this day" ?

I am not sure if that is an approved patent or just an application FOR a Patent.
When making search by the Applicant name here
http://patft.uspto.gov/netahtml/PTO/search-bool.html

it shows that NCHAIN HOLDINGS has only one patent.

Interesting is that some referred patents are about virtual currency and filed already in year 2000.


NXT, NEM.   NCMXTP-5JWUF3-QYHADC-YWELC5-QPUWF3-EAVFQM-MU7R
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February 01, 2019, 10:56:03 AM
Last edit: February 01, 2019, 11:06:24 AM by expert20980
 #38333

XEM scam !!
this is confirmed informations about the XEM scam
In binance more then 1000BTC worth of XEM dumped and more then 100BTC dumped on polo
 XEM team start dumping the supply and scam peoples for millions of dollars exit from XEM shit before it fall more
XEM fall from 1400 satoshi to 1100 satoshi in less then 24 hours i think XEM will fall to 500 satoshi or less in the few next days
you can read more here
https://bitcointalk.org/index.php?topic=5104872.0
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February 01, 2019, 11:33:00 AM
 #38334

XEM scam !!
this is confirmed informations about the XEM scam
In binance more then 1000BTC worth of XEM dumped and more then 100BTC dumped on polo
 XEM team start dumping the supply and scam peoples for millions of dollars exit from XEM shit before it fall more
XEM fall from 1400 satoshi to 1100 satoshi in less then 24 hours i think XEM will fall to 500 satoshi or less in the few next days
you can read more here
https://bitcointalk.org/index.php?topic=5104872.0

The one fact is clear; they are not SCAMMERS
I am sure, that we can go to 900-800 level, but I will say u a secret. Yesterday I bought a lot of XEM in 1149, today I add more in 1178.
As much people panic as much I earn, and a big whale does same.
One thing that could sink us all is if BTC will go straight to 1800. In that case, all should evacuate all ALTS
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February 01, 2019, 11:56:41 AM
 #38335

A fair take on the current situation from cryptolark
https://www.youtube.com/watch?v=ehAfHQoFLWg
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February 01, 2019, 03:16:12 PM
 #38336

The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well. According to a notice released by the NEM Foundation, a non-profit group formed to promote the blockchain, the foundation is short on cash and apparently could only survive for about one more month. In an effort to avoid having to file for bankruptcy, it will have to begin staff layoffs and is currently undergoing a significant restructuring.

https://forum.nem.io/t/nem-foundation-message-to-the-community/21753

SUGGEST RUN to OKcAsH or BitcoinSV they have the technological patents filed +1200 at this day

exemple: https://patentimages.storage.googleapis.com/92/ea/a4/24bf8330cdf7a3/WO2017187397A1.pdf?fbclid=IwAR1e4IPj87P1VZTxdEFHqeYLRCBbK11IZcn6BjlZFvMMyizeB71rmmzejy0



Where is mentioned "1200 at this day" ?

I am not sure if that is an approved patent or just an application FOR a Patent.
When making search by the Applicant name here
http://patft.uspto.gov/netahtml/PTO/search-bool.html

it shows that NCHAIN HOLDINGS has only one patent.

Interesting is that some referred patents are about virtual currency and filed already in year 2000.




Indeed there are more than 1200 deposit requests for Bitcoin Satoshi Vision. It's on the thread wall of a Nchain leader Dr. Craig S Wright @ProfFaustus on Twitter his account is private but you can request an addition without problem if you are respectful the guy will not eject you.

Here are some other sources of Bitcoin SV patents https://patents.google.com/patent/WO2017145010A1/en

even if 1200 patents that already seem to be paid for are not all retained, it makes a lot of money for the protection of knowledge, I hope that it will not stifle Blockchain research too much and will make it possible to sort through the scamcoins where the Devs disappear and false ICOs.

Can you provide me with the source for patents (year 2000) you are talking about? Thank you in advance Smiley

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February 01, 2019, 03:40:42 PM
 #38337

The fact is WE GOT SCAMMED by an unknown actor who offered a solution to a non-existent problem.

This guy showed up out of the blue, offered a solution to the reclaimed stakes. Started this "foundation" when he convinced all the developers and initial stake holders to back him up and here we are now.

NEM is not a scam, the people who started the "foundation" are scammers and they clearly want to keep going with the scam.

Developers and stake holders should have thought about this more critically, instead they said "you take care of it, here's millions of NEM"  Roll Eyes

Now we know that was a mistake.

Disband the foundation!

Reward developers who are active on NEM and hire a marketing team.
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February 01, 2019, 07:47:10 PM
 #38338

The fact is WE GOT SCAMMED by an unknown actor who offered a solution to a non-existent problem.

This guy showed up out of the blue, offered a solution to the reclaimed stakes. Started this "foundation" when he convinced all the developers and initial stake holders to back him up and here we are now.

NEM is not a scam, the people who started the "foundation" are scammers and they clearly want to keep going with the scam.

Developers and stake holders should have thought about this more critically, instead they said "you take care of it, here's millions of NEM"  Roll Eyes

Now we know that was a mistake.

Disband the foundation!

Reward developers who are active on NEM and hire a marketing team.


It is true that the foundation is only a part of NEM and has little to do with actual development activities. But it devours a lot of money. Whether it has to be abolished right away can be questioned, as a higher-level contact point for interested people and businesses is useful. I hope that the new leadership cleans up and does a better job than the previous one.

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
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████  █████▀     ██    ████
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██  █████    ██    ██    ████
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.....
lemonandfriesonetwo
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February 02, 2019, 01:07:54 AM
 #38339


It is true that the foundation is only a part of NEM and has little to do with actual development activities. But it devours a lot of money. Whether it has to be abolished right away can be questioned, as a higher-level contact point for interested people and businesses is useful. I hope that the new leadership cleans up and does a better job than the previous one.

What makes you think the new leadership is not the same one as before, with people known to them and just rebranded to something new?

A lot of times companies will declare bankruptcy just to emerge as a brand new company with new staff, also this bakruptcy protects them from being sued into oblivion.

Now where have I recently heard that a group of people are trying to declare bankruptcy on a decentralized cryptocurrency?

Just let this swim in thought for a while: A decentralized currency with a "foundation" group that has not shown any concrete results is trying to declare bankruptcy. When did NEM become a centralized corporation with a CEO?
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February 02, 2019, 01:40:01 AM
 #38340


So repeating what was said for over 2 years except it's ok now because it is from "new people".

What happened this time will happen again and it's because "don't worry about it, give them millions of NEM and they will handle it for us"

How about using that voting system built into NEM that will allow it to become a true cryptocurrency for the people by the people, don't let this "foundation" aka board of directors fool you.
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