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

[pgb]

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. 

Surely Busoni will list NEM in polo as I saw his name in the stakeholders list. But please someone give him a shout as he has not registered his token yet. We want everybody on board!!

[megashira1]

So whats the process to claim all your NEM if you currently hold multiple stakes?

[Juzion]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

[xtester]

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. 

Surely Busoni will list NEM in polo as I saw his name in the stakeholders list. But please someone give him a shout as he has not registered his token yet. We want everybody on board!!

Every stakeholder will receive another PM with some more info soon.

[xtester]

So whats the process to claim all your NEM if you currently hold multiple stakes?

Please read this: https://medium.com/@xtester/nem-redemption-process-f90db6b10eef

[xtester]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules. 

[xtester]

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.  

Surely Busoni will list NEM in polo as I saw his name in the stakeholders list. But please someone give him a shout as he has not registered his token yet. We want everybody on board!!

Just have a bit of patience and you'll see wonders can happen. 

[Juzion]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

[TaunSew]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

That "stupid rule" was to ensure nobody would come in and do something like buy 200 stakes.    These $capital restrictions also kept the price of NEMstake cheap so other people would have a chance to join NEM.


Technically speaking you can still buy 200 stakes but you would have to create 100 NXT wallets to do so, which is 100 transactions, 100 passwords to remember (and not lose), et cetera.  Kind of a lot of work that could take hours.  In every other coin to get 5% (or as much as 50%)  you just send in some BTC and you're done in 30 seconds.

[jabo38]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

That "stupid rule" was to ensure nobody would come in and do something like buy 200 stakes.    These $capital restrictions also kept the price of NEMstake cheap so other people would have a chance to join NEM.


Technically speaking you can still buy 200 stakes but you would have to create 100 NXT wallets to do so, which is 100 transactions, 100 passwords to remember (and not lose), et cetera.  Kind of a lot of work that could take hours.  In every other coin to get 5% (or as much as 50%)  you just send in some BTC and you're done in 30 seconds.

Taunsew is right.  While I think it is very awesome you came in, we also don't want somebody coming in and buying a large percentage of NEM and then being able to manipulate the market.  We want distribution as wide as possible and initially cheap enough to get a lot of people in. 

So yes, it has been designed so that it is really hard for somebody to own too much.  But yes, if somebody really wants it bad enough, they can. 

[altcointalk.org]

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.

Just look at what NXT achieved with so few stakeholders. NEM will be like NXT on crack, I really think there will be NEM ATM's, NEM <-> FIAT exchanges, NEM multipools and more appearing very soon after launch.

[amytheplanarshift]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

I'm personally on the fence about this rule, but I have to agree with the consensus. Obviously, this rule is frustrating for bigger investors and that is the point. NEM is supposed to give everyone an equal opportunity and one thing we wanted to avoid from the beginning was someone coming in and buying up a large percentage of all NEM in circulation. There are, of course, arguments for and against this policy but having such large investors really goes against the spirit of NEM because we cannot really verify such an investor's intentions.

If such an investor wanted to buy a large portion of NEM to give them away or to hold indefinitely, then that would be great but in most cases these whales just want to buy a huge chunk to dump it for BTC or fiat later which is not good for the NEM ecosystem. (Just look at what the NXT whales do to NXT's price.)

[xtester]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

I'm personally on the fence about this rule, but I have to agree with the consensus. Obviously, this rule is frustrating for bigger investors and that is the point. NEM is supposed to give everyone an equal opportunity and one thing we wanted to avoid from the beginning was someone coming in and buying up a large percentage of all NEM in circulation. There are, of course, arguments for and against this policy but having such large investors really goes against the spirit of NEM because we cannot really verify such an investor's intentions.

If such an investor wanted to buy a large portion of NEM to give them away or to hold indefinitely, then that would be great but in most cases these whales just want to buy a huge chunk to dump it for BTC or fiat later which is not good for the NEM ecosystem. (Just look at what the NXT whales do to NXT's price.)

The good news is that after the launch everyone will be able to buy as much as he wants.

[amytheplanarshift]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

I'm personally on the fence about this rule, but I have to agree with the consensus. Obviously, this rule is frustrating for bigger investors and that is the point. NEM is supposed to give everyone an equal opportunity and one thing we wanted to avoid from the beginning was someone coming in and buying up a large percentage of all NEM in circulation. There are, of course, arguments for and against this policy but having such large investors really goes against the spirit of NEM because we cannot really verify such an investor's intentions.

If such an investor wanted to buy a large portion of NEM to give them away or to hold indefinitely, then that would be great but in most cases these whales just want to buy a huge chunk to dump it for BTC or fiat later which is not good for the NEM ecosystem. (Just look at what the NXT whales do to NXT's price.)

The good news is that after the launch everyone will be able to buy as much as he wants.

Yes, exactly.

[xtester]

Please update the language translations as soon as possible if you want them to be included:
https://forum.nemcoin.com/index.php?topic=2493.60

[Thingamajig]

can i cash out my 19 Nemstakes on the AssetExchange on ONE NEM account by the distribution or i must split it to 9 or 10 accounts?

i don´t want it to complicate!

If I were you, I would stick to the rules.  

these are stupid rules, every NEMster should be glad to have bigger investors!

I'm personally on the fence about this rule, but I have to agree with the consensus. Obviously, this rule is frustrating for bigger investors and that is the point. NEM is supposed to give everyone an equal opportunity and one thing we wanted to avoid from the beginning was someone coming in and buying up a large percentage of all NEM in circulation. There are, of course, arguments for and against this policy but having such large investors really goes against the spirit of NEM because we cannot really verify such an investor's intentions.

If such an investor wanted to buy a large portion of NEM to give them away or to hold indefinitely, then that would be great but in most cases these whales just want to buy a huge chunk to dump it for BTC or fiat later which is not good for the NEM ecosystem. (Just look at what the NXT whales do to NXT's price.)

The good news is that after the launch everyone will be able to buy as much as he wants.

Yes, exactly.

Precisely. And because people can buy in as much as they like once the currency is on exchanges, there is no need to undermine the initial distribution (that often preaches equality and fairness in opportunity) by removing the 2 nemstakes per nxt account restriction.

There is absolutely no doubt in my mind whatsoever, that there are plenty of people who go over these forums with the pockets deep enough to buy deep into IPO's and dominate those currencies, crashing them, or, if it suits, sending them to the moon. In the end, crypto's that have an IPO will serve to enrich a small minority, making them no better than FIAT or new POW coins - if not many times worse.

I say PoW coins because there's a select minority that owns the majority of the hashing power. the PoW model is no longer a fair means of distribution and any new coin that adopts PoW/Mining are only enriching those already rich. It worked in Bitcoins era, because it was a new thing. Not anymore.

I'm glad many devs see it from my perspective, and are content on keeping (and enforcing) the original rule.

[Juzion]

I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.

[amytheplanarshift]

I´m just a hungry agressive shark BUT don´t play your games with jl777.
I make one transaction with 20-25 Stakes to one account...we will see what happend.

Is this some kind of vague threat? (If not, I apologize. But it just reads that way.)

[titan20]

Hi all,
I have a NEMstake on the nxt asset exchange. Is it possible to redeem the NEM coins in two parts.

I don't want to make mistakes when claiming my coins. So i first want to send 0,1 NEMstake and look if the process works out well and then the other 0,9 nemstake (all from the same nxt adress).

If not possible i have to use two nxtadresses.

[teletobi]

Hi all,
I have a NEMstake on the nxt asset exchange. Is it possible to redeem the NEM coins in two parts.

I don't want to make mistakes when claiming my coins. So i first want to send 0,1 NEMstake and look if the process works out well and then the other 0,9 nemstake (all from the same nxt adress).

If not possible i have to use two nxtadresses.

As of my understanding you send the nxt Token to the (to be announced) Issuer Account, including your already generated NEM Account Number. Then You have to wait till NEMesis is created and beginning with the first Block of the official NEM Blockchain the NEMs are in your assigned NEM Account.