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

[jabo38]

I don't quite understand how the price would be cut in half if the amount of coins that have not been released yet would be doubled. Each stake represents a certain proportion of the total amount of coins. With each stake everyone would still get the same % of the total amount, how should anything be any different? I would understand this if we had already launched, but we are still pre-nemesis.

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Market cap is around a 3m. If you double the amount of coins in each stake that is no different to doubling the number of stakes.. If you double the number of coins the market cap will be artificially inflated to 6m. To correct this the price of each stake would have to be split in half.

Even if I'm wrong... How do you know a few whales don't make the same mistake and dump the shit out of the market.?

Messing with the total supply now is crazy.

Everybody is trading a Nemstake, not a certain amount of coins. There is no reason for the price to change. Makoto has a point that psychologically people would think they have more and who knows the price may rise.....Nemstake is not a true valuation of price anyway....

As others have mentioned, changing the amount of coins in a stake won't affect the marketcap.  The market cap right now is determined that like 1 stake is worth $1000.  Whether that stake as 1 million or 1 billion or only 5 NEMs in it, it shouldn't matter.  It just is shifting the divisibility of the NEMstake, but shouldn't change the price.  That being said, making any kind of serious change will affect the price either one way or the other.  I think it might help it a little.  I voted for 8 billion thinking that soon there will be 8 billion people in the world.  Basically 1 NEM per person.  

[Juzion]

whales and sharks is that what NEM needs.

For sure, i´m a agressive shark 

your not jokin bout being a shark either are you? lol

a few million Nxt a few million nxt asset worthand + .... NEM Stakes but i have a problem i can´t sell it would break my heart.

I´m a hodler and i need more beer 

[Conurtrol]

I voted for 8 billion thinking that soon there will be 8 billion people in the world.  Basically 1 NEM per person.  

The poll is biased...  if you're gonna open a vote to go from 4B to 8B...  you should also be willing to open a vote to go from 4B to 2B...   

I think the idea is that asian cultures really don't like the number 4 but they consider 8 to be very lucky.

[gsxrl3oi]

y stop at 8 let make it a trillion? geez guys leave it alone already why do we need to double the supply. What is the main purpose? Because of superstition. Because of greed. I think 4 billion is plenty. As if 8 billion means every person will have a 1 nem. Come on guys. Please explain to me the real logic into increasing our NEM supply so late in the stage? Thanks community

[lx001]

every time you put your sell order remember this

https://bitcointalk.org/index.php?topic=818722.0

[Conurtrol]

I think the idea is that asian cultures really don't like the number 4 but they consider 8 to be very lucky.

1,888,888,888 NEM

It doesn't matter to me but if the asians feel really strongly about it then whatever.

[jabo38]

I swear if people knew all the good stuff going on behind the scenes all this time while everyone is waiting I assure you not one single person would be complaining about any delays!!!. If anything we would be told by everyone to delay further..

Launch is going to be EPIC!! Just have patience guys.. Soon all the amazing worked being done back stage will be known to all and at that point you will all be delighted that you stuck it out all these months..

I have a very good feeling about this. Can't wait to let the snowball roll. 

Okay, I am expecting a lot now!!! Hahahaha

But yes, I think this is amazing.  I have already tested the Alpha extensively and it is better than most old coins regular wallet, and they have had months/years to do something better.  Here NEM is pre-Nemesis and is already a better crypto than many much older.  So who knows what it will be like in 6 months.

[Wulfcastle]

I swear if people knew all the good stuff going on behind the scenes all this time while everyone is waiting I assure you not one single person would be complaining about any delays!!!. If anything we would be told by everyone to delay further..

Launch is going to be EPIC!! Just have patience guys.. Soon all the amazing worked being done back stage will be known to all and at that point you will all be delighted that you stuck it out all these months..

I have a very good feeling about this. Can't wait to let the snowball roll. 

Okay, I am expecting a lot now!!! Hahahaha

But yes, I think this is amazing.  I have already tested the Alpha extensively and it is better than most old coins regular wallet, and they have had months/years to do something better.  Here NEM is pre-Nemesis and is already a better crypto than many much older.  So who knows what it will be like in 6 months.

Is the launch tomorrow?

[jabo38]

y stop at 8 let make it a trillion? geez guys leave it alone already why do we need to double the supply. What is the main purpose? Because of superstition. Because of greed. I think 4 billion is plenty. As if 8 billion means every person will have a 1 nem. Come on guys. Please explain to me the real logic into increasing our NEM supply so late in the stage? Thanks community

My logic for 8 billion is pretty weak as I know just about nothing about such economic theories.  But I have two good points.  It is a lucky number for the biggest population of people on Earth, and it represents each person on Earth.  Now, I admit right now that has nothing to do with economic theory, but at least it is a theory.  

If you can tell me your logic for 4 billion, I am definitely open to changing my vote.  

[jabo38]

I swear if people knew all the good stuff going on behind the scenes all this time while everyone is waiting I assure you not one single person would be complaining about any delays!!!. If anything we would be told by everyone to delay further..

Launch is going to be EPIC!! Just have patience guys.. Soon all the amazing worked being done back stage will be known to all and at that point you will all be delighted that you stuck it out all these months..

I have a very good feeling about this. Can't wait to let the snowball roll. 

Okay, I am expecting a lot now!!! Hahahaha

But yes, I think this is amazing.  I have already tested the Alpha extensively and it is better than most old coins regular wallet, and they have had months/years to do something better.  Here NEM is pre-Nemesis and is already a better crypto than many much older.  So who knows what it will be like in 6 months.

Is the launch tomorrow?

My guess is within 48 hours.  Just a guess.  Devs are working on making sure there are enough proper nodes and so people are preconfiguring their ports.  I think they want to stress test it. 

[jabo38]

If any of you ever wonder what we are working towards, it's this: to make the lives of ordinary people better.

I just had my credit card number stolen and had to call the card company to get the current card cancelled and to get a new number. Now I don't have a credit card for a week or two and I will probably get fined by the phone company when they have trouble billing me  

If NEM were the default currency of the world, the scammers would have only had my public key. Every time you use a credit card, it is the same as sharing your private key with someone. It's an insane system.

Let's hope NEM can help create a new world economy that isn't based on madness.

By the same token, you better not let your NEM wallet stolen, lest you will also be crippled terribly and indefinitely.

Edit: BTW, 2 weeks is a long long time when it should be one or two days for replacement. Is it that inefficient in Japan?

That calls for a rule-based NEMcard solution with NFC. NEMPay!

Do you think the NEM wallet can be interfaced with a fingerprint sensor to unlock our account?  https://technology.ihs.com/512273/fingerprint-sensors-handsets-tablets-report-2014

Yes. it is not hard if fingerprint is an available option in the device.

Cool. Thanks

Can't wait for the launch of NEM! Can't wait to have a fingerprint secure hardware USB wallet to store my NEM in too...

In the case of Apple, they have an API out and so yes it is very possible to include the fingerprint scanner.  I am not expecting it in the first few versions, but yes, it is something that should definitely be included at some point.  

[megashira1]

fingerprint scanner would be the holy grail of crypto imo. Pretty much solves the security issues no?

[jabo38]

whales and sharks is that what NEM needs.

For sure, i´m a agressive shark 

your not jokin bout being a shark either are you? lol

a few million Nxt a few million nxt asset worthand + .... NEM Stakes but i have a problem i can´t sell it would break my heart.

I´m a hodler and i need more beer 

I thought you were just popping off your mouth.  But I checked the wall.  Somebody did just come in a buy a lot. 

Welcome to NEM!  I am pretty sure you just made a great investment.  I too wouldn't be here now if I didn't think it was true. 

Honestly, I am a little jealous.  I wish I would clear out a sell wall like that.  If you believe in this like you said, you must be feeling like a conqueror right now. 

[TaunSew]

fingerprint scanner would be the holy grail of crypto imo. Pretty much solves the security issues no?

Fingerprint and palm reader technology is very expensive and prone to hiccups.

Hidden USB or a paper wallet in a locked fireproof safe is the way to go?

[BitcoinForumator]

5 billion and forget the round numbers.

[gsxrl3oi]

pretty soon well be #1 on NXT-AE lol. Excuse us SuperNET

[gsxrl3oi]

So question guy. Where can we trade NEM/$ in the future?

[jabo38]

fingerprint scanner would be the holy grail of crypto imo. Pretty much solves the security issues no?

Well...... other things need to go with it like multisig (oh look, NEM is working to have that on launch when other coins don't even have it after a long time post launch).  

Fingerprint scanner alone doesn't make it totally secure, but yes, in a right system built in the right app it is a piece to the ideal financial reality.  A crypto utilizing a fingerprint scanner correctly along with other security measures basically solves all security issues.  This is one of the great promises of crypto.  We are trying to make the world into one where nobody can steal your credit card information, nobody can get your password for your bank account via key logger, nobody can clone your debit card and empty your bank and so on.  It is not 100%.  Somebody could beat the system but that somebody would have to get your password, steal your phone, and then chop off your finger. Hahahaha.  And all for an account that might have restrictions on it so that even if they did get in, the money would be mostly locked down anyway.  

All kinds of parameters will be able to be put on an account in the future.  NEM will basically be programmable money.  The full implications right now can't even be fully imagined.  But the leap from paper money in your pocket, to digital programmable money, money that represents certain things (not just cash) and can only behave in certain ways under certain conditions will be a pretty big leap.  And yes, the fingerprint scanner will basically ensure that you are the only one programming your money.  

[xtester]

every time you put your sell order remember this

https://bitcointalk.org/index.php?topic=818722.0

I honestly wonder where NEM will be 6 months from now. What we'll say and think looking back. For a coin that's only launching, NEM does seem very different compared to what people are used to in the altcoin world.

[jabo38]

So question guy. Where can we trade NEM/$ in the future?

not set place yet to exchange NEM for $, but I am thinking it will happen soon.   But that is just a conjecture.