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

[ARGpentem]

Can people still buy NEM at the AE of NXT or not?

I'm confused after the scam.

NEM is overvalued right now due to all the hype. Let the prices drop a little more. There is NO REASON for this coin to be around 400 satoshi before it is even public. Consider even waiting for the release, there could be a big dump/dip just after the release of the stakes and then we could get on for some more profit.

+1

As a stakeholder I also think that the price is pretty high. I mean that's good but I wouldn't be surprised if the price fell to 13k again or so.

I've already said it once, but as of now, I think more proper price would be around 15k.

I am not sure what is happening. Why do you think it is your job to tell the market what the price should be? Please provide timely and transparent information about the development instead.

[mr smith]

Some may think the price is far to high, others far to low.
Everyone has a right of opinion especially lead Devs.
NEM now has a fledgling ecosystem and the free market will decide the price.

[ARGpentem]

Some may think the price is far to high, others far to low.
Everyone has a right of opinion especially lead Devs.
NEM now has a fledgling ecosystem and the free market will decide the price.

It sounds like a market guidance to me while actual information about development is lacking.

Well maybe he intend to push the price down so the scammer cannot profit from the scam.

[TaunSew]

Can people still buy NEM at the AE of NXT or not?

I'm confused after the scam.

NEM is overvalued right now due to all the hype. Let the prices drop a little more. There is NO REASON for this coin to be around 400 satoshi before it is even public. Consider even waiting for the release, there could be a big dump/dip just after the release of the stakes and then we could get on for some more profit.

This is the no envy movement but I detect some envy.  

The hype speculation was before the alpha.  Now we have the alpha and get to play with PoI.  PoI is like the Dreadnought of cryptos.  PoI is no fad but a huge progression which gives NEM unlimited potential and PoI makes PoS and PoW obsolete and it's a first mover advantage.

[gimre]

I am not sure what is happening. Why do you think it is your job to tell the market what the price should be? Please provide timely and transparent information about the development instead.

Well, cause this is a forum and everyone is speculating. I can also speculate.
(edit: also I believe that everything that pushes the price down before actual release is a GOOD THING as it lets more people to get on board,
also do the math, 0.1 stake == ca 2.2k NXT = ca.105$, now keep in mind conversion to national currency. For some people it's really quite high entry price)

Regarding development. One-click install is on it's way, but we want to introduce some changes, that's why it's getting delayed.
We're also planning block chain restart, which I guess will be lot of fun, as much more people will be eligible to harvest.

[ARGpentem]

I am not sure what is happening. Why do you think it is your job to tell the market what the price should be? Please provide timely and transparent information about the development instead.

Well, cause this is a forum and everyone is speculating. I can also speculate.
(edit: also I believe that everything that pushes the price down before actual release is a GOOD THING as it lets more people to get on board,
also do the math, 0.1 stake == ca 2.2k NXT = ca.105$, now keep in mind conversion to national currency. For some people it's really quite high entry price)

Regarding development. One-click install is on it's way, but we want to introduce some changes, that's why it's getting delayed.
We're also planning block chain restart, which I guess will be lot of fun, as much more people will be eligible to harvest.

I think you can introduce bitcoin auction early if letting more people in is a goal. Thanks for the development update.

[mr smith]

I am not sure what is happening. Why do you think it is your job to tell the market what the price should be? Please provide timely and transparent information about the development instead.

Well, cause this is a forum and everyone is speculating. I can also speculate.
(edit: also I believe that everything that pushes the price down before actual release is a GOOD THING as it lets more people to get on board,
also do the math, 0.1 stake == ca 2.2k NXT = ca.105$, now keep in mind conversion to national currency. For some people it's really quite high entry price)

Regarding development. One-click install is on it's way, but we want to introduce some changes, that's why it's getting delayed.
We're also planning block chain restart, which I guess will be lot of fun, as much more people will be eligible to harvest.

[/quote]
One click install that's good news indeed   Great Stuff

As for speculating the price for BTC looks bullish SPAIN on the verge of a (0.03%?)bank tax aka bail in

It was a little over a year ago, just as the Cyprus deposit confiscation aka "bail in" was taking place, when we asked, rhetorically, if "Spain is preparing for its own deposit levy" when an announcement by Spain's Finance Minister, Montoro, hinted at the imminent arrival of just that.

Of course, back in March 2013 imposing such a tax would immediately bring up images of parallel bank runs in Cyprus and visions of confiscated deposits, culminating in an immediate collapse of the otherwise already insolvent Spanish banking system. In other words, the timing picked by Montoro to reveal what was coming couldn't have been worse.

Now, however, things are different.

Not only is Europe supposedly recovering, not only is the Cyprus bail in a distant memory (until it comes back front and center with a bang), but it was only a few weeks ago when the ECB - desperate to crush the same EURUSD which just two years ago seemed would implode under the weight of Europe's artificial political and monetary union - revealed NIRP, aka ZIRP on steroids: a negative deposit rate.

Or, as Spain may have called it, a tax on deposits. Because some 16 months after it was first hinted, its time has finally come, and as Bloomberg reported a few hours ago:

SPAIN TO CREATE A TAX ON BANK DEPOSITS: MONTORO
The details are along the lines of what is already known:

Advances to be boosted by almost EU3.9b, Budget Minister Cristobal Montoro tells reporters in Madrid.
Tax on bank deposits to be created: Montoro
Tax rate on deposits to be determined: Montoro
Montoro and regions’ budget chiefs to meet in July

Oh Shameless plug for Dave > x22report

[xtester]

I don't see a need to rush an anon function. As others have said it's especially hyped right now. Also, it's not even being done right. There are like five different approaches and many are proving to cause a lot of friction and bloat and not actually even be really anonymous.

Right now everything is an experiment in anon. NEM is already doing a very neat experiment in PoI and distribution.

In the future lots of PoI coins will have added anon. At that time NEM can add the feature "IF" the community wants it and it is being perceived as useful.

I use to think like others that anon is for serious criminals and in many ways it is. But I think in the future it's going to be for everyone.

Why? Imagine a day when insurance companies are aligned with credit card companies, they see not only which fast food testuarants you eat at but if you double size or not, and charge you extra if you do.

Imagine a day when a giant search engine/shopping portal tracks your every purchase building algorithms knowing what time of day you buy things and if your a more careful shopper in the morning or night, it also looks to see which genres of products you spend more time researching and comparing prices about, and then based on its algorithm will raise or lower prices against you manipulating you to get more money for them.

Wait!!!! Things like this are already happening and worse just around the corner. In a digital age people are mapping us to manipulate us. Some anon money will help us take the power back.

Again, I'm in no rush. Nobody is even doing anon correctly yet. Let's wait and see what happens with the whole scene and then later on reevaluate. It'll be much easier and give a better product in the long run.

I tend to agree with jabo. It seems to me anonymity is currently part of the altcoin narrative cicle - overhyped for a lot of pump and dumps. Though between hype and "anonymity is for criminals and pedophiles" is a very long road. In the long run there will surely be some need for anonymity. You can just watch this to understand why: https://www.youtube.com/watch?v=EfnKmPQdapw#t=12

[xtester]

Maybe we should add a reputation system like this on top of NEM: http://techcrunch.com/2014/07/03/traity/?utm_campaign=fb&ncid=fb

[BitZCoin]

I've already said it once, but as of now, I think more proper price would be around 15k.

15K $ was the price I had on my mind, too.
This sounds much, but it's reached with "just" 60mio. marketcap, which I think is absulutely possible; especially with this fantastic community (crowd) behind.
There's no way I will sell my stake for less.

[BitZCoin]

I don't want to push ahead too far with my rather optimistic visionbreak, but I would even say we will quickly reach the #3 on coinmarketcap and also break through the 100mio. level.
(Depending on the quality of the product and marketing of course.)

There is no reason why it should not be possible.
I would tend to go even higher, instead of less with the price.

[mrvegad]

Maybe we should add a reputation system like this on top of NEM: http://techcrunch.com/2014/07/03/traity/?utm_campaign=fb&ncid=fb

i thought the "eigentrust++" was a reputation system?

if not what is it?

eigentrust++ is a reputation system and looks to be a pretty good one (imho).

[mrvegad]

As far as i know no other crypto uses it, here is a paper on it https://www.google.com/url?q=http://ieeexplore.ieee.org/iel5/6415460/6450881/06450932.pdf%3Farnumber%3D6450932&sa=U&ei=uf26U7Jdz9-KAsvWgNgH&ved=0CA0QFjAA&sig2=UyaT20cNkkamiNXSHBd6IA&usg=AFQjCNEzqD_R27OZLY3DDErBg5hwAxLrpg

[Xpedite]

Maybe we should add a reputation system like this on top of NEM: http://techcrunch.com/2014/07/03/traity/?utm_campaign=fb&ncid=fb

Decentralised thrust , why not 

[jkoil]

I don't see a need to rush an anon function. As others have said it's especially hyped right now. Also, it's not even being done right. There are like five different approaches and many are proving to cause a lot of friction and bloat and not actually even be really anonymous.

Right now everything is an experiment in anon. NEM is already doing a very neat experiment in PoI and distribution.

In the future lots of PoI coins will have added anon. At that time NEM can add the feature "IF" the community wants it and it is being perceived as useful.

I use to think like others that anon is for serious criminals and in many ways it is. But I think in the future it's going to be for everyone.

Why? Imagine a day when insurance companies are aligned with credit card companies, they see not only which fast food testuarants you eat at but if you double size or not, and charge you extra if you do.

Imagine a day when a giant search engine/shopping portal tracks your every purchase building algorithms knowing what time of day you buy things and if your a more careful shopper in the morning or night, it also looks to see which genres of products you spend more time researching and comparing prices about, and then based on its algorithm will raise or lower prices against you manipulating you to get more money for them.

Wait!!!! Things like this are already happening and worse just around the corner. In a digital age people are mapping us to manipulate us. Some anon money will help us take the power back.

Again, I'm in no rush. Nobody is even doing anon correctly yet. Let's wait and see what happens with the whole scene and then later on reevaluate. It'll be much easier and give a better product in the long run.

I tend to agree with jabo. It seems to me anonymity is currently part of the altcoin narrative cicle - overhyped for a lot of pump and dumps. Though between hype and "anonymity is for criminals and pedophiles" is a very long road. In the long run there will surely be some need for anonymity. You can just watch this to understand why: https://www.youtube.com/watch?v=EfnKmPQdapw#t=12

This was a surprising issue ... or I have just skipped too many pages from these threads ... or just been short-sighted  
I was wondering what is meant with "anon money" - isn't this cryptocurrency already an anonymous system? ?
After reading jabo's post a light bulb appeared, I hope
 
So, with "anon money" or "non-anon money" is meant the following?
- when someone uses NEMcoins several times a week in a shop, the storekeeper learns that
'this Account N********* means/equals this Person'   - - - - > the NEMcoin is not an anon money
 - - - - > for the anon money is needed a new feature.

[jkoil]

...

...

...

...
is this a possibility?

and are these issues critical, when several cryptocurrencies are competing from the 'customers', 'members', ... do these features and their planning need the 'smokescreen' ?

[gwinevere]

I have been running the alpha client on-and-off for the last week. It is working good, I sent and received transactions and added almost 20 blocks to the blockchain.
Only harvesting at 0.05%, I guess the poi calculated I am not a vip. Waiting to test out the one-click installer.

[xtester]

This are the kind of people I was thinking about when I said we should strategically target some of the most important people in our field and tell them about NEM. http://www.coindesk.com/overstock-pledges-3-bitcoin-profits-promote-cryptocurrencies/ and http://www.coindesk.com/8-biggest-bitcoin-heroes-villains-2014-far/

[gwinevere]

I have been running the alpha client on-and-off for the last week. It is working good, I sent and received transactions and added almost 20 blocks to the blockchain.
Only harvesting at 0.05%, I guess the poi calculated I am not a vip. Waiting to test out the one-click installer.

send me your men address and il send you a bomb more test coins. You can try brake poi then (it doesn't work lol)

You just typed "men" again!
It's in my sig, thanks.

[jkoil]

I have been running the alpha client on-and-off for the last week. It is working good, I sent and received transactions and added almost 20 blocks to the blockchain.
Only harvesting at 0.05%, I guess the poi calculated I am not a vip. Waiting to test out the one-click installer.

send me your men address and il send you a bomb more test coins. You can try brake poi then (it doesn't work lol)

You just typed "men" again!
It's in my sig, thanks.

NEMmen ?
from NEMland ...