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

[Chris001]

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

Yes, so to give me the stake the regular way prior to the tokens becoming worthless, then if I was shady and lying about being locked out, I could then sell the token. But if we wait until the token is worthless and I can not sell it, then it doesn't matter if I have control over it or not. Just that it is my token.

And I still have control over this account. And this is the account that requested the token.


This is a trustless decision. No one is needs to trust me that I am telling the truth because when I receive my stake the regular way, there is no way for be to go back and claim the token because it will be invalid. So it is impossible for me to get two stakes, even if i was a scammer.

[Chris001]

Cases like chris101 I think shoulda be fairly cut and dry. If someone else has access to it there is no doubt it would be claimed. Accidents happen.. As long as the stake doesn't get claimed then I would certainly agree that your stake should get reassigned to your btt account and I think most others should too.

Thank you very much for your support!!!

I apologize to everyone for having to take the time to vote and help me and a few others.

I made the mistake and there are much more important things going on, so I am sorry for the distraction.

Thanks everyone. Please vote here if you have not already.

https://forum.nemcoin.com/index.php?topic=2524.0

[nembit86]

Cases like chris101 I think shoulda be fairly cut and dry. If someone else has access to it there is no doubt it would be claimed. Accidents happen.. As long as the stake doesn't get claimed then I would certainly agree that your stake should get reassigned to your btt account and I think most others should too.

wait a minute...is it chris101 or chris001?.......feel like I,m gettin scammed already...

[yshin365new]

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

I am more optimistic.
NEM's decentralization is very powerful merit in POS crypto.
I believe NEM will surpass not only NXT but also Ripple in market cap within 2 years.
The market cap of Ripple is about 140,000,000 dollar now.
140,000,000/4,000= 35,000 dollar.
Above sum is in point of now.
After 2 years, the market cap will increase.
And then the price of I NEM stake(1,000,000 NEMcoin) will be 35,000 x (  ) dollar.
So, all selling NEMcoin after launch is not good for you, but it may be helpful for decentralization by wide distribution.
In other words, your sacrifice for Nem's prosperity.
Will you do it?  ^ . ^

[rockethead]

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

Yes, so to give me the stake the regular way prior to the tokens becoming worthless, then if I was shady and lying about being locked out, I could then sell the token. But if we wait until the token is worthless and I can not sell it, then it doesn't matter if I have control over it or not. Just that it is my token.

And I still have control over this account. And this is the account that requested the token.


This is a trustless decision. No one is needs to trust me that I am telling the truth because when I receive my stake the regular way, there is no way for be to go back and claim the token because it will be invalid. So it is impossible for me to get two stakes, even if i was a scammer.

Yes, you will have to wait until the stake is no more claimable and that the token is dead and that you can proof ownership of it.

And despite all the fuds, a deadline is important because we do not want people to lay claim that they never got their stakes because they were "not aware". This only opens up scam opportunities.

Scenario of a scam:

Sieze control of an account. Lie low and wait for anyone to report lost of control of this account. 6 months later, account still remain dormant. Scammer now surfaces out and says that he has a stake to claim and that he was "not aware" there was an exercise to claim stakes.

Of course there is still another possibility that the scammer claims right from day 1. But that would raise alarm and can cause them the stake as it will allow us to take counter measure.

In any case, there were only a few who wanted indefinite time to claim. So, there is no issue, i.e., there will be a deadline.

Sorry for proponents of no deadline. In fulfilling the greater objectives of an initiative, like I said, not everyone will be pleased. And we will have to work on that premise.

[patmast3r]

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?

true.. I'm hoping there will be no more than 400 unclaimed. At current rate of registration we shouldn't have many.. Phase 2 needs to start asap though..

Phase 2 prob won't start asap but I believe there will be an update soon.
Since the recent shitstorm we may change the process slightly to make it easier for us while taking into account what many people said.
Don't expect anything though - this is just what I think. Until there is an official update take this as bullshit.

[jabo38]

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

Yes, so to give me the stake the regular way prior to the tokens becoming worthless, then if I was shady and lying about being locked out, I could then sell the token. But if we wait until the token is worthless and I can not sell it, then it doesn't matter if I have control over it or not. Just that it is my token.

And I still have control over this account. And this is the account that requested the token.


This is a trustless decision. No one is needs to trust me that I am telling the truth because when I receive my stake the regular way, there is no way for be to go back and claim the token because it will be invalid. So it is impossible for me to get two stakes, even if i was a scammer.

Yes, you will have to wait until the stake is no more claimable and that the token is dead and that you can proof ownership of it.

And despite all the fuds, a deadline is important because we do not want people to lay claim that they never got their stakes because they were "not aware". This only opens up scam opportunities.

Scenario of a scam:

Sieze control of an account. Lie low and wait for anyone to report lost of control of this account. 6 months later, account still remain dormant. Scammer now surfaces out and says that he has a stake to claim and that he was "not aware" there was an exercise to claim stakes.

Of course there is still another possibility that the scammer claims right from day 1. But that would raise alarm and can cause them the stake as it will allow us to take counter measure.

In any case, there were only a few who wanted indefinite time to claim. So, there is no issue, i.e., there will be a deadline.

Sorry for proponents of no deadline. In fulfilling the greater objectives of an initiative, like I said, not everyone will be pleased. And we will have to work on that premise.

Chris001, looks like you have made a good case.  Its not up to me, but if it was I could understand your situation.  You still have control of all your accounts, you just sent your NEM into the dark. 

To prove this is really the case, I guess you have to wait a long long time to get your NEM as there is no other fair way, but at least you will probably get it!

[nutildah]

Wow the 7 stake megawall is now almost entirely chewed through... 5.4 stake single sale in the last hour or so. I gotta say this is looking very encouraging for NEM.

[kattokassinen]

Is there any guesstimate when Beta will be released?

[asdlolciterquit]

uhm...but after the official release, does NEM can be traded directly with BTC?

[BloodyRookie]

Is there any guesstimate when Beta will be released?

All beta features are implemented.
We are currently testing every new feature and are optimizing parameters for the improved poi algorithm.
My personal guesstimate for beta start is the coming weekend.

[gomei]

Is there any guesstimate when Beta will be released?

All beta features are implemented.
We are currently testing every new feature and are optimizing parameters for the improved poi algorithm.
My personal guesstimate for beta start is the coming weekend.

perfect,can't wait for the beta version on weekend,
we can wait ,but for the good and stable version.

[marcos19]

Dear community,

I would like to point out the following situation:

Some members who have applied to join the New Economic Movement have lost access to their BTT account.

In a few cases, these same people have made contact with the development team with a second (new) account in order to claim their token.

I have come up with a simple system in which these tokens can be reclaimed by the rightful owner without risking the original owner getting scammed.


System:  


The developers assign two types of priorities to the following accounts:


Priority 1 (highest priority): The original (lost) BTT account.

Priority 2 (lowest priority): The new BTT account.



Then, whenever someone claims to have lost access to an account, the developers would have to carefully inspect the case and hand over a so called "temporary token".

If the original owner claims the token from the original account at a later point in time, the developers would have to remove the "temporary token" from the list and blacklist the person who had claimed a "temporary token".

If the original owner is in fact the same person as the one who claimed the "temporary token", the stake has found it's way back to it's owner.

With this simple system, you can help those who are in a bad situation while preventing any scam.



Feedback is welcome!

To continue with this discussion, when and how are we as a community going to decide what to do with these particular stakeholders?

It'd probably be better to open a vote forum.nemcoin.com (I'll do that).
From the reactions here though, I don't think they'll vote in favor or giving lost btt accounts stakes.

The reason why I think a vote is unfair for the people who have lost their BTT account is because people who vote against the reimbursement have something to GAIN when they vote for neither. After all, those people might only act out of self-interest keeping in mind that those NEM stakes probably will get redistributed into the NEM economy and into THEIR wallets.

This puts an incentive on voting AGAINST reimbursement, leaving the already duped in an even more negative position.

Therefore the vote will always be biased and can not result in a fair outcome for the people who lost their stake.

[xtester]

Is there any guesstimate when Beta will be released?

All beta features are implemented.
We are currently testing every new feature and are optimizing parameters for the improved poi algorithm.
My personal guesstimate for beta start is the coming weekend.

Thanks for the short but useful update, BloodyRookie.

[Thingamajig]

Dear community,

I would like to point out the following situation:

Some members who have applied to join the New Economic Movement have lost access to their BTT account.

In a few cases, these same people have made contact with the development team with a second (new) account in order to claim their token.

I have come up with a simple system in which these tokens can be reclaimed by the rightful owner without risking the original owner getting scammed.


System:  


The developers assign two types of priorities to the following accounts:


Priority 1 (highest priority): The original (lost) BTT account.

Priority 2 (lowest priority): The new BTT account.



Then, whenever someone claims to have lost access to an account, the developers would have to carefully inspect the case and hand over a so called "temporary token".

If the original owner claims the token from the original account at a later point in time, the developers would have to remove the "temporary token" from the list and blacklist the person who had claimed a "temporary token".

If the original owner is in fact the same person as the one who claimed the "temporary token", the stake has found it's way back to it's owner.

With this simple system, you can help those who are in a bad situation while preventing any scam.



Feedback is welcome!

To continue with this discussion, when and how are we as a community going to decide what to do with these particular stakeholders?

It'd probably be better to open a vote forum.nemcoin.com (I'll do that).
From the reactions here though, I don't think they'll vote in favor or giving lost btt accounts stakes.

The reason why I think a vote is unfair for the people who have lost their BTT account is because people who vote against the reimbursement have something to GAIN when they vote for neither. After all, those people might only act out of self-interest keeping in mind that those NEM stakes probably will get redistributed into the NEM economy and into THEIR wallets.

This puts an incentive on voting AGAINST reimbursement, leaving the already duped in an even more negative position.

Therefore the vote will always be biased and can not result in a fair outcome for the people who lost their stake.

Although I completely get your argument here, if those who participated in NEM (via claiming a stake) also acted out of self-interest and did their homework, this entire scenario would've been avoidable in the first place. Bare in mind the IPO was a call of participation; it wasn't your conventional "investment"; it was a request for people to participate and help develop NEM, it was more than an investment, it was a movement and a call to join said movement. The New Economy Movement.

I voted against purely for this reason. Not because of some agenda or some bias. I think long term NEM would suffer considerably if devs bent over backwards to accommodate to those who lost their stake through their own errors or neglect (especially when, as a movement, following it should be a priority). Sure, by all means try and help those who have lost out, but within reason, is what i'm saying.

Don't get me wrong, the last thing i'd want is for anyone to lose their stake, but I think some personal responsibility if often missing in today's modern society and seeing it transfer to NEM is destructive, in my view.

[jabo38]

Is there any guesstimate when Beta will be released?

All beta features are implemented.
We are currently testing every new feature and are optimizing parameters for the improved poi algorithm.
My personal guesstimate for beta start is the coming weekend.

This deserves the happy dance.

[asdlolciterquit]

uhm...but after the official release, does NEM can be traded directly with BTC?

no one know the answer to this question?

[3x2]

uhm...but after the official release, does NEM can be traded directly with BTC?

no one know the answer to this question?

The answer is pretty obvious *YES*

[Simakki]

uhm...but after the official release, does NEM can be traded directly with BTC?

no one know the answer to this question?

Hmm if am i right NEM will be trading on Poliniex after official launch

[patmast3r]

uhm...but after the official release, does NEM can be traded directly with BTC?

no one know the answer to this question?

Deciding on which pairs to trade is up to the exchanges. That being said I've never seen an exchange pairing a new coin with something other than BTC.