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

[jaspita]

What is the maximum number of transaction per second within the NEM network?  You all know that the 7 tx/s limitation is a issue.

I insist!!! 

[jabo38]

will NEM stake's price reach again 3BTC before the official release? 

I can see that happening.  Once we are a few days away from launch, the price will probably shoot up 2 or 3 times.

[Mickeyb]

will NEM stake's price reach again 3BTC before the official release? 

I can see that happening.  Once we are a few days away from launch, the price will probably shoot up 2 or 3 times.

i think as soon as nemstake redemption on AE starts we will see a rise. possibly a substantial one over the week after. with fewer and fewer stakes trading, liquidity on the sell side will go to shit so if even a few buyers want anything over 1 stake it is going to send the price quite high. once people send their stakes away, the market is not going to work properly. we will have normal fluctuations in upward pressure but a severe hindrance on downward seeing as many people, even if they wanted to, wont be able to sell. the closer we get to launch the stronger the buy pressure will be and the weaker the sell pressure will become. anyone selling now is making probably the worst trade of the year.

soon there will be fireworks

When will nemstake redemption on AE start?

[BloodyRookie]

What is the maximum number of transaction per second within the NEM network?  You all know that the 7 tx/s limitation is a issue.

I insist!!! 

Honestly, I can't see the relevance of this question at this point. If we have 7 tx/minute I would be happy since it would show that people are using NEM.
Technically NEM could have more than 7tx/s since a block would have 7*60=420 tx and on a decent computer a verification will need about 500 micro seconds in the beta version.
That makes abouts 210 milli seconds to verify a block which would be acceptable. But with that throughput, the chain would grow pretty fast so if we ever reach 7 tx/s then we need blockchain pruning.

[asdlolciterquit]

will NEM stake's price reach again 3BTC before the official release? 

I can see that happening.  Once we are a few days away from launch, the price will probably shoot up 2 or 3 times.

uhm...you are very optimistic. I hope you're right

[howi53]

On behalf of my grandchild twins Bennet and Jonathan I ask "Your NEMinencies" (Core Developers) - Is everything prepared to make them a NEMstake Christmas present?

And when can I buy a Rolls Royce with my NEMs? ( I would replace hood-Emily by hood-NEMily)

[BloodyRookie]

What is the maximum number of transaction per second within the NEM network?  You all know that the 7 tx/s limitation is a issue.

I insist!!! 

Honestly, I can't see the relevance of this question at this point. If we have 7 tx/minute I would be happy since it would show that people are using NEM.
Technically NEM could have more than 7tx/s since a block would have 7*60=420 tx and on a decent computer a verification will need about 500 micro seconds in the beta version.
That makes abouts 210 milli seconds to verify a block which would be acceptable. But with that throughput, the chain would grow pretty fast so if we ever reach 7 tx/s then we need blockchain pruning.

is block chain pruning something you guys know how to do or have a good idea of how it can be implemented?

im sure it wouldnt actually be needed for some time yet though.

We haven't been discussing that yet. 7tx/s seems to be very far away.

[jaspita]

What is the maximum number of transaction per second within the NEM network?  You all know that the 7 tx/s limitation is a issue.

I insist!!! 

Honestly, I can't see the relevance of this question at this point. If we have 7 tx/minute I would be happy since it would show that people are using NEM.
Technically NEM could have more than 7tx/s since a block would have 7*60=420 tx and on a decent computer a verification will need about 500 micro seconds in the beta version.
That makes abouts 210 milli seconds to verify a block which would be acceptable. But with that throughput, the chain would grow pretty fast so if we ever reach 7 tx/s then we need blockchain pruning.

is block chain pruning something you guys know how to do or have a good idea of how it can be implemented?

im sure it wouldnt actually be needed for some time yet though.

We haven't been discussing that yet. 7tx/s seems to be very far away.

Thanks for the response.

I agree with you that 7tx/s seems so far away but with a currency like NEM and its target of becoming as big as posible I think the scalability is an issue that is needed to address as soon as posible.

Anyway I guess that although you have not discussed the details the scalability is something, a priori, feasible? It would make a lot people calm and be confident about the issue.

Cheers,
jaspita

[asdlolciterquit]

will NEM stake's price reach again 3BTC before the official release? 

I can see that happening.  Once we are a few days away from launch, the price will probably shoot up 2 or 3 times.

uhm...you are very optimistic. I hope you're right

thats a concervative estimate if you ask me lol

id put money that one stake will be 130k - 150k+ nxt at some point during the last week prior to distribution.

uhm...i hope that is not only a mere pump... :look:

[BloodyRookie]

Thanks for the response.

I agree with you that 7tx/s seems so far away but with a currency like NEM and its target of becoming as big as posible I think the scalability is an issue that is needed to address as soon as posible.

Anyway I guess that although you have not discussed the details the scalability is something, a priori, feasible? It would make a lot people calm and be confident about the issue.

Cheers,
jaspita

I think if we implement some kind of blockchain pruning (which we would if it was necessary) we can scale beyond 7tx/s.

[Spider]

1243 people registered.. thats +243 in what.. 2 days? not bad i think..

If you add people from NXT AE, together it will be more than 2000 stakes. So it's only ~800 missing?

[mrkavasaki]

how hard it is to get 60 nemstakes?

[3x2]

how hard it is to get 60 nemstakes?

if you have a lot of money than not so hard 

[Wulfcastle]

So, what's happening now? I thought the BETA was supposed to launch yesterday on the 14th?

[rigel]

So, what's happening now? I thought the BETA was supposed to launch yesterday on the 14th?

No, it wasn't.
Estimations are just an approximation of future.

[Chris001]

I had my Nxt token sent to the wrong Acct.

It is still sitting there. When the Tokens are worthless on the asset exchange and it was never moved, I don't see why anyone would vote for me not to get my stake.

I have a copy of the PM that I sent to get the token. I put the wrong acct number on the PM. Yes, this was my mistake but I made it aware to Pat a long time ago and the token has not moved since.

If I can prove that I am not scamming, and prove that I never sold the token, and prove that it is locked in a account and can no longer be redeemed or sold, why can't I get my stake the regular way, since I can prove that I never did anything with the "token" that was supposed to represent my stake?

It is obviously mine. I never used the token. There is no way for me to use the token. So there is no reason not to give me the stake the regular way since the token was never used.

THANK YOU to those who voted not to take my stake away. I have been waiting to get it many many months.

I thought that it would be more secure on the Nxt exchange, but I screwed up the password.
I had never used Nxt before and I have only used to accts where if you type in the wrong password it says "error".
I understand now that it just makes you a new account.

The fact is that I can prove that it's my token. No one is disputing that.

I can prove it is still locked in my Nxt account once that it becomes invalid.

So, do I really have to have the ability to send it back to be destroyed? when it is worthless anyway at that point.

I made a BIG mistake and it was my fault.

I just want to thank those in the community for standing up for me and helping me get my stake. I just wish everybody understood that there is no way for me to be scamming another stake here. I hope everyone just understands that.

I think a lot of people just looked at the vote and thought they were opening up the chance of another scam.

In this case I can PROVE that there is no possible way for me to get two stakes out of this deal.

I still have control of this Bitcointalk account that registered in the first place.

So if you are one of the people who voted to not allow the token to become worthless in the account and then claim my stake the normal way, please look into this further. All you have to do is read all of the details above and it explains it.

Pat, kodtycoon, and a few of the devs have no problem letting us claim our stakes the regular way as long as the community agrees with it.

I thought that the NEM community would do everything it could to help someone get their stake as long as it could be proven that I am not scamming a stake. I still have faith that some of you would change your mind and if you did not vote please do so. I really need your help here. It takes 30 seconds.

I would help you save yours if you needed me.

Please vote here: https://forum.nemcoin.com/index.php?topic=2524.30


Thank you for taking the time to vote.

And a BIG THANK YOU to all of you that took the time to understand and stood up for me and a few others when we needed your help.

We should stick together and help each other in the community as much as possible when mistakes are made. If they can't be fixed without risk, then the community has done all it can to help.

But when the problem can be solved, and the community can help fix the mistake with a simple vote, I say we be that kind of helpful and caring community whenever we can.

[xtester]

The fact is that I can prove that it's my token. No one is disputing that.

If you can prove that it's your token, I don't think there will be any problem for you to receive it.

We have said we are not in favor of people receiving stakes for which they have absolutely no proof of previous ownership. I don't even want to imagine where the road of broken incentives for claiming dumb stakes leads. That's a dead end and we should do well to avoid such obvious errors.

[TwinWinNerD]

You can prove that it is your Token, but not that you have 100% no control over it.

[xtester]

So, what's happening now? I thought the BETA was supposed to launch yesterday on the 14th?

No, it wasn't.
Estimations are just an approximation of future.

We are pretty close. I think our devs will be able to post an update soon.

[Chris001]

The fact is that I can prove that it's my token. No one is disputing that.

If you can prove that it's your token, I don't think there will be any problem for you to receive it.

We have said we are not in favor of people receiving stakes for which they have absolutely no proof of ownership. I don't even want to imagine where the road of broken incentives for claiming dumb stakes leads.

This is great to hear Xtester!!  

I can prove that this Account sent the PM with the wrong Nxt account number. That Nxt acct only had a few Nxt sent to it by Kodtycoon to help me make it more secure.

Then the token was sent to it.

There have been no transactions made from that account since then as I am locked out of it.

I have the PM copy from when I claimed the token, and I sent a PM and reported it months ago.

So once it is no longer possible for the token to be sold on the Nxt exchange, and the token has still not been moved or sold, and it is still in there, I just can't send the token in to be destroyed, but it's basically destroyed anyway because it is worthless at that point.

I have been worrying about this for a long time. I figured as long as I could prove that I am a stakeholder and prove that I never used the token, that it wouldn't be a problem to get my stake the regular way.


Thanks for understanding. Pat and others agree as well. I really want to thank him for him setting up the vote and doing everything he can to help me. Thank you all. I am just trying to make sure the community really understands what the situation is because of all the lowlifes that ARE trying to do everything they can to steal a stake.