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

[zanzibar]

Keep in mind that NXT price is artificially inflated because the majority of it is being held by a few large whales who are holding and/or slowly dumping onto the market over time. NEM may have trouble getting near current NXT market cap in the short term, but that will only be because it is a more accurate representation of the true market value since we have a much more even distribution. Eventually, of course, I think we will surpass NXT's current market cap and more, but for now I would not be surprised to see a (relatively) low market cap upon launch (at least compared to NXT). But, maybe I will be pleasantly surprised.

When it was at $100mil several months ago, I would have agreed with you, but Nxt is at $19mil marketcap.  It has thousands of users, hundreds of issued Assets, and Digital Goods, a very active development community, and it's valued less than the amount BlockStream just closed in funding ($21mil).  I would say Nxt is very undervalued.

[nzminer]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

Why is NEM more farier than NXT?

[makoto1337]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

Why is NEM more farier than NXT?

1) 1500+ initial investors as opposed to 72 (or 5, depending on who you talk to )

2) Proof-of-Importance instead of Proof-of-Stake, so the rich don't just get richer

3) Code is based on test-driven development, so people that invest in NEM are getting a much better product for their money that has been developed better

[nzminer]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

Why is NEM more farier than NXT?

1) 1500+ initial investors as opposed to 72 (or 5, depending on who you talk to )

2) Proof-of-Importance instead of Proof-of-Stake, so the rich don't just get richer

3) Code is based on test-driven development, so people that invest in NEM are getting a much better product for their money that has been developed better

The distribution thing got to me lots too with NXT, but its not all that bad, and more people could have invested in it at the start if they wanted to, but none did.
I like both, but i really dont know which way either will go.

[makoto1337]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

Why is NEM more farier than NXT?

1) 1500+ initial investors as opposed to 72 (or 5, depending on who you talk to )

2) Proof-of-Importance instead of Proof-of-Stake, so the rich don't just get richer

3) Code is based on test-driven development, so people that invest in NEM are getting a much better product for their money that has been developed better

The distribution thing got to me lots too with NXT, but its not all that bad, and more people could have invested in it at the start if they wanted to, but none did.
I like both, but i really dont know which way either will go.

NXT has a lot of cool stuff in their ecosystem as well, so it will be interesting to watch what happens.

[Simakki]

Are we going to see the launch before or after the Christmas?

[McDoxy1]

3) Code is based on test-driven development, so people that invest in NEM are getting a much better product for their money that has been developed better

I don't want to put words in your mouth but saying Nxt doesn't test their code before release would not be true. Test-driven development is a pretty standard practice.

[howi53]

Are we going to see the launch before or after the Christmas?

I am sure, launch is before Christmas - but I am not sure about the year.

[patmast3r]

3) Code is based on test-driven development, so people that invest in NEM are getting a much better product for their money that has been developed better

I don't want to put words in your mouth but saying Nxt doesn't test their code before release would not be true. Test-driven development is a pretty standard practice.

That's not what he's saying. Test-driven development doesn't merely mean testing your stuff. It means writing unit-tests before really implementing the actuall function. So you know what a function is supposed to do and write a test based on that and then test your function with it once you've implemented it. That way you can be certain your function does what you wanted it todo and of course with unit-tests in place you can recheck every time you change the code so it doesn't brake somewhere along the way.

I have no idea how NXT devs operate though so I'm not argueing either way.

[kodtycoon]

3) Code is based on test-driven development, so people that invest in NEM are getting a much better product for their money that has been developed better

I don't want to put words in your mouth but saying Nxt doesn't test their code before release would not be true. Test-driven development is a pretty standard practice.

That's not what he's saying. Test-driven development doesn't merely mean testing your stuff. It means writing unit-tests before really implementing the actuall function. So you know what a function is supposed to do and write a test based on that and then test your function with it once you've implemented it. That way you can be certain your function does what you wanted it todo and of course with unit-tests in place you can recheck every time you change the code so it doesn't brake somewhere along the way.

I have no idea how NXT devs operate though so I'm not argueing either way.

what i think makoto also means is that nxt wasnt exactly battle tested when it was released and a huge amount of debugging had to be done post-launch to make it stable, where as nem is the opposite.

[Istanbul34]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

The code is a lot better too

How do you know? Did you study the latest version of the code of NXT?

[jabo38]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

The code is a lot better too

How do you know? Did you study the latest version of the code of NXT?

In the early days of NXT, the NEM developers were working on the code, even finding flaws in it. 

Whenever NXT has a new version go open source, it is pretty easy for them to go through the code. 

Also, as others have said, when Makoto says that NEM is being test-driven during the writing, it refers to the exact style of writing the code and the process in which it is built, not so much it being tested on a testnet.  It is kind of a gold standard in writing code to make sure it is clean as far as I know.   

[kodtycoon]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

The code is a lot better too

How do you know? Did you study the latest version of the code of NXT?

In the early days of NXT, the NEM developers were working on the code, even finding flaws in it. 

Whenever NXT has a new version go open source, it is pretty easy for them to go through the code. 

Also, as others have said, when Makoto says that NEM is being test-driven during the writing, it refers to the exact style of writing the code and the process in which it is built, not so much it being tested on a testnet.  It is kind of a gold standard in writing code to make sure it is clean as far as I know.   

http://en.wikipedia.org/wiki/Test-driven_development

definitely worth the read. also it does explain why more people need to test the beta. sounds like a great way to produce code. im surprised this isnt the standard way for cryptocurrency development to be done.

[mattadc]

http://en.wikipedia.org/wiki/Test-driven_development

im surprised this isnt the standard way for cryptocurrency development to be done.

There is no silver bullet. It would be a surprise, if all the cryptocurrency development would use TDD.
"Test-driven development does not perform sufficient testing in situations where full functional tests are required to determine success or failure due to extensive use of unit tests.[21] Examples of these are user interfaces, programs that work with databases, and some that depend on specific network configurations."
"A high number of passing unit tests may bring a false sense of security, resulting in fewer additional software testing activities, such as integration testing and compliance testing."
"Writing and maintaining an excessive number of tests costs time."




 

[Istanbul34]

Why according to NXT pricing? nem is fairer than the NXT, more popular currency. It's worth more than the NXT

The code is a lot better too

How do you know? Did you study the latest version of the code of NXT?

In the early days of NXT, the NEM developers were working on the code, even finding flaws in it.  

Whenever NXT has a new version go open source, it is pretty easy for them to go through the code.  

Also, as others have said, when Makoto says that NEM is being test-driven during the writing, it refers to the exact style of writing the code and the process in which it is built, not so much it being tested on a testnet.  It is kind of a gold standard in writing code to make sure it is clean as far as I know.  

I know how the code was in the early days of NXT. It was messy.

But it is way much better now. So I was wondering which version of the code he was comparing to. The early days or the latest version.

[makoto1337]

http://en.wikipedia.org/wiki/Test-driven_development

im surprised this isnt the standard way for cryptocurrency development to be done.

There is no silver bullet. It would be a surprise, if all the cryptocurrency development would use TDD.
"Test-driven development does not perform sufficient testing in situations where full functional tests are required to determine success or failure due to extensive use of unit tests.[21] Examples of these are user interfaces, programs that work with databases, and some that depend on specific network configurations."
"A high number of passing unit tests may bring a false sense of security, resulting in fewer additional software testing activities, such as integration testing and compliance testing."
"Writing and maintaining an excessive number of tests costs time."

Testing code is no silver bullet, but it helps
There are a lot of places in the code that benefit from unit tests and I can't imagine developing something as complex as NIS without it.

BTW, how many accounts do you have on BTT? It seems weird that anyone would be against testing code...

[mattadc]

It seems weird that anyone would be against testing code...

Have you lost the focus?
If the test-driven development is not used, it doesn't mean there is no testing!

[kodtycoon]

It seems weird that anyone would be against testing code...

Have you lost the focus?
If the test-driven development is not used, it doesn't mean there is no testing!

very different kinds of testing that (could) bare very different results. for optimal development i would assume a combination of the two would be best practice. test-driven development followed by a rigorous (closed) testing once a new version is released internally then followed by even more rigorous public testing. ie. test the crap out of everything as hard as possible.

[mattadc]

It seems weird that anyone would be against testing code...

Have you lost the focus?
If the test-driven development is not used, it doesn't mean there is no testing!

very different kinds of testing that (could) bare very different results. for optimal development i would assume a combination of the two would be best practice. test-driven development followed by a rigorous (closed) testing once a new version is released internally then followed by even more rigorous public testing. ie. test the crap out of everything as hard as possible.

True. Unfortunately the optimal development is may be found only after many projects. How many cryptocoins one group must build?

[makoto1337]

It seems weird that anyone would be against testing code...

Have you lost the focus?
If the test-driven development is not used, it doesn't mean there is no testing!

very different kinds of testing that (could) bare very different results. for optimal development i would assume a combination of the two would be best practice. test-driven development followed by a rigorous (closed) testing once a new version is released internally then followed by even more rigorous public testing. ie. test the crap out of everything as hard as possible.

True. Unfortunately the optimal development is may be found only after many projects. How many cryptocoins one group must build?

Only one time is needed if you do it right.