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

[lcharles123]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

[rockethead]

“Inflation will erupt even when the supply of money does NOT increase – it depends upon DEMAND. If the people decide to hoard toilet paper because of a coming storm, the price will rise with demand.” - http://armstrongeconomics.com/2014/04/06/inflation-is-not-always-caused-by-change-in-money-supply-deflation-is-engulfing-europe/

What NEM is missing as well as other cryptos is a supply and demand model. When there is demand for NEM more NEM will be created, no demand for NEM then none will be created (would be better if some of the NEM were destroyed. Good article here: http://www.investopedia.com/university/economics/economics3.asp

Supply and demand works both ways.  If demand falls then the system would have to remove NEM from circulation (tax) or some NEMbank would have to create fake demand - both scenarios would be PR disasters.

Give someone a reason to buy NEM if they're being subject to all these taxes / fees / inflation?  Forget it - they'll be walking to the nearest Vanguard Investment Branch or would be looking at real estate investments.


Obviously I am not blind and I see what you are attempting to do.  You want us to implement eMunie's system but eMunie's system has long been debated on Bitcointalk and most people are against it.

I am not trying to get NEM to implement eMunie's system, I don't think it will work (the supply and demand model).

I am just pointing point out economics 101, but as seems to be the case around here, if someone takes a different approach then that must mean they have a agenda. If you want NEM to be a success then take a look at what other cryptos are doing (besides NXT), there are some good ideas out there.

In anycase, the concept of inflation and money supply is not what NEM is built upon. This is crypto 2.0 we are talking about and not inflation. Crypto 2.0 is an enablement technology and not a money supply solution. That you find in the 600 altcoins, Bitcoins included.

I think we are all barking at the wrong tree.

[LiQio]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

[rockethead]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

Strangely not in Nxt AE. Apparently the reason is when they were designing it, they did not want people to book a name so that other people cannot use it and have to buy a unique name for a high price.

But if that was true, I think it is definitely a stupid decision.

[Fernandez]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

Not much of an issue once you look into the market. A glance at the buy/sell depth will alert easily.

Whats the status of the issuance of assets? I had applied well before all the hacking attempts, but have yet to receive it.

Since redemption is very close we're most likely not going to issue any more assets.

Can you at least clear the issuance for all those who applied for the hacking attempts and then stop?

Well?

[rockethead]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

How many people will ever check the ID? Even a simple scam on the BTT lately can scam the computer savvy guy.

Unless NXT is only designed for that few people, it is ok. But for main stream? I don't know what to say.

[LiQio]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

How many people will ever check the ID? Even a simple scam on the BTT lately can scam the computer savvy guy.

Unless NXT is only designed for that few people, it is ok. But for main stream? I don't know what to say.

There is no best solution as both ways (without centralization) have pros and cons.

[patmast3r]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

How many people will ever check the ID? Even a simple scam on the BTT lately can scam the computer savvy guy.

Unless NXT is only designed for that few people, it is ok. But for main stream? I don't know what to say.

There is no best solution as both ways (without centralization) have pros and cons.

no unique asset names was the lessor of two evils. it would have been worse if they were unique as every sinlge dictionary word, 2,3,4,5 letter abbreviations and anything that could potentially have be profitable to grab would have been snapped up and then squatted on.. we would have random alpha numeric codes to look at instead of actual names. i would have done the same.

I would prefer the unique names BY FAR. It has worked quite well for internet domains no ?
Sure people can grab good names but so what ? if you want that name you'll have to buy it or use a different one. Don't see anything wrong with that.

[LiQio]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

How many people will ever check the ID? Even a simple scam on the BTT lately can scam the computer savvy guy.

Unless NXT is only designed for that few people, it is ok. But for main stream? I don't know what to say.

There is no best solution as both ways (without centralization) have pros and cons.

no unique asset names was the lessor of two evils. it would have been worse if they were unique as every sinlge dictionary word, 2,3,4,5 letter abbreviations and anything that could potentially have be profitable to grab would have been snapped up and then squatted on.. we would have random alpha numeric codes to look at instead of actual names. i would have done the same.

I would prefer the unique names BY FAR. It has worked quite well for internet domains no ?
Sure people can grab good names but so what ? if you want that name you'll have to buy it or use a different one. Don't see anything wrong with that.

internet domains are centralized - apple can get apple.com by going to court.
transition to a crypto asset exchange for a real company could become a no-go if they cannot use their real name.
anyway, there are pros and cons 

[rockethead]

WARNING:

It looks like there is a scam NEMstake asset on the NXT AE: https://nxtblocks.info/#section/assets_exchange/market/16349551126838875261

When buying NEMstake, make sure the asset id is 12465186738101000735.

Be careful!!

But two assets is not allowed with the same name?

It is allowed, otherwise the "best" names could be blocked.
User/buyer has to check the asset ID.

How many people will ever check the ID? Even a simple scam on the BTT lately can scam the computer savvy guy.

Unless NXT is only designed for that few people, it is ok. But for main stream? I don't know what to say.

There is no best solution as both ways (without centralization) have pros and cons.

no unique asset names was the lessor of two evils. it would have been worse if they were unique as every sinlge dictionary word, 2,3,4,5 letter abbreviations and anything that could potentially have be profitable to grab would have been snapped up and then squatted on.. we would have random alpha numeric codes to look at instead of actual names. i would have done the same.

I would prefer the unique names BY FAR. It has worked quite well for internet domains no ?
Sure people can grab good names but so what ? if you want that name you'll have to buy it or use a different one. Don't see anything wrong with that.

Yes, that is what I have been saying for a long time in the NEM AE. I believe the point has been taken note of. THere is no need for centralization to manage the Name Space. All this can be automated.

Anyone can try squatting and I'd say good luck to them. In fact my proposal has more far reaching effect than the domain name because of its "centralization". Decentralization has better options.

[jabo38]

I think if asset names are unique, then their will be squatters, but they can't squat everything.  With all the internet websites in the world and the tons and tons of squatters, it is still easy to obtain a pretty cool address.  My brother just started a business and was able to come up with a very nice name and got the website for like $20.  All it takes is a little imagination.  

It's true that "Google" would be squatted on immediately, but no matter how many combinations that people squat on with Google, there will still be literally an infinite number of other options with "Google" in it.  And what Google would really want to do is just come up with a new word for its assets and then all at once register all those combinations with that alias.  For instance they could say "GoogleGits" or something else kind of crazy but that sounds nice.  I am not that great of coming up with names, but what I know is there will always be another name.  If somebody wanted to squat on all the combinations trying to make sure Google would not be able to get a word after "Google" with up to four characters (for instance Googlexxxx) it would take 1,679,616 squats and that is just for the one company of Google and then all Google has to do is add another character.  And then of course Google could just put a word in front of its name (xxxxGoogle) and now we are up to a few million squats just to get those two combos.  I really know 100% it is impossible to squat everything, just the most blatantly obvious things can be squatted.  

Of course Google will try to buy the asset name "Google" from somebody and likely will be able to get it for a reasonable price because the owner will know that there are lots and lots of other choices for Google.  

[rabbiter]

Can anyone explain the schedule. It says they (hopefully) will distribute Nem in October but there is no date for the blockchain. Don't you need the blockchain to move coins around, trade etc?

[jabo38]

Well.... The official "beta" was suppose to be released in September and then 3 weeks after the distribution.  I would also like to know when it will happen. 

[rockethead]

I think if asset names are unique, then their will be squatters, but they can't squat everything.  With all the internet websites in the world and the tons and tons of squatters, it is still easy to obtain a pretty cool address.  My brother just started a business and was able to come up with a very nice name and got the website for like $20.  All it takes is a little imagination.  

It's true that "Google" would be squatted on immediately, but no matter how many combinations that people squat on with Google, there will still be literally an infinite number of other options with "Google" in it.  And what Google would really want to do is just come up with a new word for its assets and then all at once register all those combinations with that alias.  For instance they could say "GoogleGits" or something else kind of crazy but that sounds nice.  I am not that great of coming up with names, but what I know is there will always be another name.  If somebody wanted to squat on all the combinations trying to make sure Google would not be able to get a word after "Google" with up to four characters (for instance Googlexxxx) it would take 1,679,616 squats and that is just for the one company of Google and then all Google has to do is add another character.  And then of course Google could just put a word in front of its name (xxxxGoogle) and now we are up to a few million squats just to get those two combos.  I really know 100% it is impossible to squat everything, just the most blatantly obvious things can be squatted.  

Of course Google will try to buy the asset name "Google" from somebody and likely will be able to get it for a reasonable price because the owner will know that there are lots and lots of other choices for Google.  

Try squatting for 1000 NEM Coins per year per name. ;-)

If there are 1 million squats, NEM is landed on the moon by then and it doesn't matter anymore in that there is already an economy within the NEM space. In fact the more squatters there are the better because transactions will be free as they will be financed by squatters. There are ways to tackle the uniqueness of a name which I have put forth to the dev.

[visual111]

Well.... The official "beta" was suppose to be released in September and then 3 weeks after the distribution.  I would also like to know when it will happen. 

no need to rush. just look at NODEcoin to see what happens when you push a release date


or, please rush so I can pick up cheap NEM when dumpers dump upon a premature release

[patmast3r]

Well.... The official "beta" was suppose to be released in September and then 3 weeks after the distribution.  I would also like to know when it will happen. 

no need to rush. just look at NODEcoin to see what happens when you push a release date


or, please rush so I can pick up cheap NEM when dumpers dump upon a premature release

Even if we released right this second it wouldn't be as premature as NODE

[dandruff1138]

Well.... The official "beta" was suppose to be released in September and then 3 weeks after the distribution.  I would also like to know when it will happen. 

no need to rush. just look at NODEcoin to see what happens when you push a release date


or, please rush so I can pick up cheap NEM when dumpers dump upon a premature release

Even if we released right this second it wouldn't be as premature as NODE

I have no doubt yet ANOTHER delay is hurting us, seems like NEM was all the hype but people have moved on. Hopefully once the longest IPO ever is at an end the hype will return.

[gimre]

I have no doubt yet ANOTHER delay is hurting us, seems like NEM was all the hype but people have moved on. Hopefully once the longest IPO ever is at an end the hype will return.

We're working to start redemption asap

Here is how the NEM redemption process looks: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

We are interested in hearing your thoughts and feedback before we move forward with it. 

[chuki]

Wann startet nun die Eintauschaktion für die Stakeholder, ich meine für die, die keine Tokens auf der AE haben?

[zoata87]

Wann startet nun die Eintauschaktion für die Stakeholder, ich meine für die, die keine Tokens auf der AE haben?

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