Author

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 438. (Read 2985369 times)

newbie
Activity: 45
Merit: 0
As Jyrvalor said in https://forum.nem.io/t/atraura-organisation-funding-proposal/5176/22
The Community fund has 294,806,244.91 XEM left from the original amount of 306,056,439.91 XEM Huh!!
Why are we saving so much? Are we expecting our grandchildren use the fund for development?

My opinion is that at least 30% should be already spent on some huge developments. Obviously most of the development is to be done at the start of the project right?

I would recommend to search for more developers and give out about 100M XEM in next 3 years.
Serious developments will popularize NEM and with further price spikes, the real value of the community fund will increase anyway.

Not saying we should overvalue the projects, just that we should wisely spend more.
jr. member
Activity: 48
Merit: 2
It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.
I have a few questions though as i wont be around friday for the AMA.
What if the price of NEM drops 90% in the next few weeks. Where does the project stand then ?
I hate the voting system (importance wins and dev have control of a lot of it) and the short time frame allowed to investigate these proposals.
What happened to cryptoapex (50million funded) and why is Nembit86 pushing for this proposal as he is involved in cryptoapex (jabo38Mar '16
Beta has started via invite from CA members. If you are interested, please contact Niko or Nembit86)


You are right. It's all a waist of the funds. Where did the 50 million go to? Do you know how much that is right now?Huh??

I'm really scared that the funds get shared amongst a few people (including the developers) behind our backs without them delivering a real useful product. Is this their way of getting their hands on the funds for personal gains?

The cryptoapex is not working and it has an inactive twitter page with 25 followers. And 10 Likes on FB with the last message more than a year ago saying limited testing?HuhHuhHuh??

Nembit86 why would you start a new project if you haven't finished the other one yet. By the way use the funds of last time.

From the Telegram chat I came to know that Nembit86 is a hoarder of Xem and that was before this project appeared.

Sorry if this might not be true but it's up to you to prove me wrong.

Let me just quote what I've sent to forum, as I think you're the same troll:

Quote
Quote from: cryptosamy, post:20, topic:5176, full:true
@nembit86 Is it true that you were involved with cryptoapex and that you received 50 million Xem? What were the results from this project? We have not seen anything from this. Someone just mentioned it on Bitcointalk. Why are you proposing a new project while the other one hasn't finished? And where did the 50 Million Xem go to? Can you show us where you spend it on?

Actually, **the only** xem that crypto apex project received that I remember, was this one, this is half of milestone #2:
http://chain.nem.ninja/#/multisig/b9e6079029ae2d257135730810e96607a0ad839385a5dd9241e9f933c039f3cc

There was no payout for milestone #1, as we didn't consider it fulfilled.

At that time, xem was ~350 sats, so that was barely 23btc, 450$ per btc gives us _TREMENDOUS_ amount of **$10k**.
And they actually were hitting milestone 3, and things were looking pretty good.

The fact that @nembit86 is posting, doesn't mean in any way he's involved in the project. Funding proposals are usually sent by community members.

So to summarize: get your facts straight and stop trolling.

Your memory is correct that is all they received. It's easily deducible from looking at the official Final Development Contract (https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#heading=h.xchkdqowarsb) and this blog post (https://blog.nem.io/update-sustainability-fund-final-redemption-numbers/).

As we can see the original amount in the Community Fund was 306,056,439.91 XEM and looking at the rich list(https://nemnodes.org/richlist/) we can see that there is 294,806,244.91 XEM left in the fund.

That is 11,250,406 XEM spent so far of which 5 million went to apostille so that leaves only the 6.25 million transaction you provided. + The 406 XEM i take went to the fees.

Guys you need to research before you panic about every single stupid rumor that gets thrown around in here. Remember EVERYTHING is documented in nem although i must say the documents could be somewhere where they would be a little easier to find.
sr. member
Activity: 490
Merit: 252
@gimre:  Well if we don't troll from time to time we will hardly attract the attention of the developers like you  Grin
sr. member
Activity: 490
Merit: 252
It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.

Right now we try to refrain from stating anything, as we don't want to influence community voting in any way.


We want insight from the dev team because they have more technical knowledge, but of course this is different than endorsing people behind the project itself.
legendary
Activity: 866
Merit: 1002
It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.

Right now we try to refrain from stating anything, as we don't want to influence community voting in any way.
legendary
Activity: 866
Merit: 1002
Will they receive XEM for every reached milestone or will they receive the whole 15 million in one bunch?

https://drive.google.com/file/d/0B_0Z9jDGHPxPNmxYMkxIYkJYbFU/view

Quote
Generally, the entire award amount will not be given at once, but at pre-determined (by the core team) milestones.
legendary
Activity: 866
Merit: 1002
It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.
I have a few questions though as i wont be around friday for the AMA.
What if the price of NEM drops 90% in the next few weeks. Where does the project stand then ?
I hate the voting system (importance wins and dev have control of a lot of it) and the short time frame allowed to investigate these proposals.
What happened to cryptoapex (50million funded) and why is Nembit86 pushing for this proposal as he is involved in cryptoapex (jabo38Mar '16
Beta has started via invite from CA members. If you are interested, please contact Niko or Nembit86)


You are right. It's all a waist of the funds. Where did the 50 million go to? Do you know how much that is right now?Huh??

I'm really scared that the funds get shared amongst a few people (including the developers) behind our backs without them delivering a real useful product. Is this their way of getting their hands on the funds for personal gains?

The cryptoapex is not working and it has an inactive twitter page with 25 followers. And 10 Likes on FB with the last message more than a year ago saying limited testing?HuhHuhHuh??

Nembit86 why would you start a new project if you haven't finished the other one yet. By the way use the funds of last time.

From the Telegram chat I came to know that Nembit86 is a hoarder of Xem and that was before this project appeared.

Sorry if this might not be true but it's up to you to prove me wrong.

Let me just quote what I've sent to forum, as I think you're the same troll:

Quote
Quote from: cryptosamy, post:20, topic:5176, full:true
@nembit86 Is it true that you were involved with cryptoapex and that you received 50 million Xem? What were the results from this project? We have not seen anything from this. Someone just mentioned it on Bitcointalk. Why are you proposing a new project while the other one hasn't finished? And where did the 50 Million Xem go to? Can you show us where you spend it on?

Actually, **the only** xem that crypto apex project received that I remember, was this one, this is half of milestone #2:
http://chain.nem.ninja/#/multisig/b9e6079029ae2d257135730810e96607a0ad839385a5dd9241e9f933c039f3cc

There was no payout for milestone #1, as we didn't consider it fulfilled.

At that time, xem was ~350 sats, so that was barely 23btc, 450$ per btc gives us _TREMENDOUS_ amount of **$10k**.
And they actually were hitting milestone 3, and things were looking pretty good.

The fact that @nembit86 is posting, doesn't mean in any way he's involved in the project. Funding proposals are usually sent by community members.

So to summarize: get your facts straight and stop trolling.
full member
Activity: 186
Merit: 100
I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I think some of you missed, that this project is not about authenticator, that's an easy part and if you have ready deployment could be done quite quickly.

As far as I understand this project is about building a framework that will simplify development of other applications on top of nem.

I encourage on reading and commenting in the thread https://forum.nem.io/t/nem-framework-community-proposal/5174,
they've also uploaded a plan https://forum.nem.io/t/nem-framework-community-proposal/5174/30


I really like the NEM framework idea. It is definitely worth to put some XEM in.
Will they receive XEM for every reached milestone or will they receive the whole 15 million in one bunch?
full member
Activity: 186
Merit: 100
I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I think some of you missed, that this project is not about authenticator, that's an easy part and if you have ready deployment could be done quite quickly.

As far as I understand this project is about building a framework that will simplify development of other applications on top of nem.

I encourage on reading and commenting in the thread https://forum.nem.io/t/nem-framework-community-proposal/5174,
they've also uploaded a plan https://forum.nem.io/t/nem-framework-community-proposal/5174/30


It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.
I have a few questions though as i wont be around friday for the AMA.
What if the price of NEM drops 90% in the next few weeks. Where does the project stand then ?
I hate the voting system (importance wins and dev have control of a lot of it) and the short time frame allowed to investigate these proposals.
What happened to cryptoapex (50million funded) and why is Nembit86 pushing for this proposal as he is involved in cryptoapex (jabo38Mar '16
Beta has started via invite from CA members. If you are interested, please contact Niko or Nembit86)


You are right. It's all a waist of the funds. Where did the 50 million go to? Do you know how much that is right now?Huh??

I'm really scared that the funds get shared amongst a few people (including the developers) behind our backs without them delivering a real useful product. Is this their way of getting their hands on the funds for personal gains?

The cryptoapex is not working and it has an inactive twitter page with 25 followers. And 10 Likes on FB with the last message more than a year ago saying limited testing?HuhHuhHuh??

Nembit86 why would you start a new project if you haven't finished the other one yet. By the way use the funds of last time.

From the Telegram chat I came to know that Nembit86 is a hoarder of Xem and that was before this project appeared.

Sorry if this might not be true but it's up to you to prove me wrong.


I really have my doubts about your accusation that the devs are stealing the money! This is not NEM-style at all as in the whole crypto-shit-world out there, NEM and devs are the constants in delivering high-end results others just can dream of! ;-)
Hence, they would just harm its own baby and I highly doubt it.

However, I guess everyone would like to know what happened with Cryptoapex.
Is there someone who can contribute some reasonable information rather than accusations?

hero member
Activity: 1022
Merit: 507
What wallets i can use for my XEM? Because all my coins are on exchange and i want to transfer them to my cold wallet.

You can use Nano Wallet https://www.nem.io/install.html
newbie
Activity: 15
Merit: 0

   OK  , I have noticed that a lot of you guys want more time to discuss and investigate the Atraura Proposal so I have lengthened the discussion time on the thread to 10 days from posting.After the 10 days there will be voting for 5 days . Results will be posted on the thread.

                                   https://forum.nem.io/t/nem-framework-community-proposal/5174/3
newbie
Activity: 15
Merit: 0
I would rather vote for NEM funds to be spent on new internal researches then looking for dev teams around the world to apply and develop new NEM technologies. Similar to what ETC is doing now. Any external requests for funds is a red red red flag!

Consider all the failing insecure Ethereum dapps that just sucked money from crowd funding. NEM dev funds should never get trapped in any sort of crowd funding for projects or Dapps that operates on NEM unless the project/research is a core NEM piece that initially been developed internally by the NEM dev team. Only then we can vote.

A third party request for funds should not even open the door for any sort of voting! I would rather vote and debate such principal first.

Everytime something like this comes up, I have not seen one developer in the thread asking for a vote or setting up a system for the initial investors to vote on.

We can discuss this all day long, but if we can't actually physically vote then all these are just words and we will be ignored.

Can anyone point me to where the voting is happening? Because I have yet to see it all these years.

what are you talking about ? I oversaw the first voting with CryptoApex and also Apostille...... a lot of the community voted on both occasions and it was completely fair.The voting figures were published on both occasions. Of course you will be able to physically vote. You will have 5 days to physically vote on the Atraura Proposal thread.

So discussion is actually 10 days if you wish to vote on the last day available......more than enough time to get to know more about the Atraura Organisation.

The Community Fund was specifically set up to help third party projects expand the NEM project......  please read all about Atraura and the proposal process before commiting yourselves

State your sources and the records where this voting process happened.

I am not aware of this process and others as well have not heard of this vote. Take into account that many of us have been keeping up with NEM since day 1.

I could care less of an Atraura Proposal thread, I want to see a blockchain system style of voting. So far most initial supporters have been told about these projects, yet we are being left out of voting then all of a sudden boom "new money approved for X project". Who approved this? Where are the public records of such votes? It'd be nice if our opinions get taken more into account if we are truly "a community coin".

If anyone from the main NEM team would like to step in and explain this/correct us to clear things.

the process can be found and read by going to the first link I posted. You just need to be less lazy and go there and read up on it rather than bad mouthing long term nembers.....

rather than talking nonsense here in a troll like manner maybe you should start participating in the discussion provided by the links a little back on this thread.....on the Forum...

Everyone can create a new account and claim to be the real nembit86.
Will the real nembit86 please stand up? Grin
We actually don't have to do anything. We don't have the time and patience to read through lots of reading material. Just give us a good summary of how it will benefit us. This shouldn't be hard for you if you know the ins and outs of your own project.

This is the real nembit86 standing up  Grin ...... I am not involved in this project , I am only overseeing the voting process and ANNOUNCING it. I am MISTER IMPARTIAL . Dont be lazy and DO your own investigations.
sr. member
Activity: 742
Merit: 257
And we go again.
What wallets i can use for my XEM? Because all my coins are on exchange and i want to transfer them to my cold wallet.
sr. member
Activity: 490
Merit: 252
I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I think some of you missed, that this project is not about authenticator, that's an easy part and if you have ready deployment could be done quite quickly.

As far as I understand this project is about building a framework that will simplify development of other applications on top of nem.

I encourage on reading and commenting in the thread https://forum.nem.io/t/nem-framework-community-proposal/5174,
they've also uploaded a plan https://forum.nem.io/t/nem-framework-community-proposal/5174/30


It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.
I have a few questions though as i wont be around friday for the AMA.
What if the price of NEM drops 90% in the next few weeks. Where does the project stand then ?
I hate the voting system (importance wins and dev have control of a lot of it) and the short time frame allowed to investigate these proposals.
What happened to cryptoapex (50million funded) and why is Nembit86 pushing for this proposal as he is involved in cryptoapex (jabo38Mar '16
Beta has started via invite from CA members. If you are interested, please contact Niko or Nembit86)


You are right. It's all a waist of the funds. Where did the 50 million go to? Do you know how much that is right now?Huh??

I'm really scared that the funds get shared amongst a few people (including the developers) behind our backs without them delivering a real useful product. Is this their way of getting their hands on the funds for personal gains?

The cryptoapex is not working and it has an inactive twitter page with 25 followers. And 10 Likes on FB with the last message more than a year ago saying limited testing?HuhHuhHuh??

Nembit86 why would you start a new project if you haven't finished the other one yet. By the way use the funds of last time.

From the Telegram chat I came to know that Nembit86 is a hoarder of Xem and that was before this project appeared.

Sorry if this might not be true but it's up to you to prove me wrong.
sr. member
Activity: 313
Merit: 252
I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I think some of you missed, that this project is not about authenticator, that's an easy part and if you have ready deployment could be done quite quickly.

As far as I understand this project is about building a framework that will simplify development of other applications on top of nem.

I encourage on reading and commenting in the thread https://forum.nem.io/t/nem-framework-community-proposal/5174,
they've also uploaded a plan https://forum.nem.io/t/nem-framework-community-proposal/5174/30


The first link that was requesting voting in 5 days was mainly focused on NEM authenticator. I just checked the recent links in NEM forum and I am not sure if it is a different link or same one but updated with more details for a whole framework. NEM framework seems much more interesting and more complex from a development perspective.
legendary
Activity: 1279
Merit: 1018
I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I think some of you missed, that this project is not about authenticator, that's an easy part and if you have ready deployment could be done quite quickly.

As far as I understand this project is about building a framework that will simplify development of other applications on top of nem.

I encourage on reading and commenting in the thread https://forum.nem.io/t/nem-framework-community-proposal/5174,
they've also uploaded a plan https://forum.nem.io/t/nem-framework-community-proposal/5174/30


It seems the devs are for this proposal which is positive. I think the more people working on NEM, the better for all.
I have a few questions though as i wont be around friday for the AMA.
What if the price of NEM drops 90% in the next few weeks. Where does the project stand then ?
I hate the voting system (importance wins and dev have control of a lot of it) and the short time frame allowed to investigate these proposals.
What happened to cryptoapex (50million funded) and why is Nembit86 pushing for this proposal as he is involved in cryptoapex (jabo38Mar '16
Beta has started via invite from CA members. If you are interested, please contact Niko or Nembit86)
legendary
Activity: 866
Merit: 1002
I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I think some of you missed, that this project is not about authenticator, that's an easy part and if you have ready deployment could be done quite quickly.

As far as I understand this project is about building a framework that will simplify development of other applications on top of nem.

I encourage on reading and commenting in the thread https://forum.nem.io/t/nem-framework-community-proposal/5174,
they've also uploaded a plan https://forum.nem.io/t/nem-framework-community-proposal/5174/30
jr. member
Activity: 48
Merit: 2
About this newbie talk.. Just because a lot of us don't feel like participating in the "pump/dump/fud/price speculation" talk here on bitcointalk doesn't mean we are newbies to nem.

https://docs.google.com/spreadsheets/d/1DpT2tjeUDS7HGu3pn3gte20NPND4GQLJ9GtcD3WaAss/edit#gid=10

I'm number 96 on the list.

Stop assuming things about people you don't know, not everything is a conspiracy.

Can't find you on the richlist.

My security was more than lacking when i received my stake so when i got better about these things i moved my nem to a new private key so no you won't find my name on the rich list. As for the post count i only post when i have a real opinion to contribute as i did this time. I'm the one who first proposed using the sockpuppet stakes to form a fund on the old nem forum (I did not figure out the specifics). I've kept a close eye on all the nem topics here and on nem forums ever since 2013 so yes i think i'm pretty well informed about the community fund and what it's supposed to be used on.

As for who you are and why you are attacking people here based on post counts and what not i have no idea.

Why even claim you are on the list if you are not  Roll Eyes Roll Eyes

A lot of us are seasoned in the ways of the fud, trolls, newbies, and hype.  Cool

Where did i ever claim my name can be found on the rich list?
legendary
Activity: 1050
Merit: 1000
About this newbie talk.. Just because a lot of us don't feel like participating in the "pump/dump/fud/price speculation" talk here on bitcointalk doesn't mean we are newbies to nem.

https://docs.google.com/spreadsheets/d/1DpT2tjeUDS7HGu3pn3gte20NPND4GQLJ9GtcD3WaAss/edit#gid=10

I'm number 96 on the list.

Stop assuming things about people you don't know, not everything is a conspiracy.

Can't find you on the richlist.

My security was more than lacking when i received my stake so when i got better about these things i moved my nem to a new private key so no you won't find my name on the rich list. As for the post count i only post when i have a real opinion to contribute as i did this time. I'm the one who first proposed using the sockpuppet stakes to form a fund on the old nem forum (I did not figure out the specifics). I've kept a close eye on all the nem topics here and on nem forums ever since 2013 so yes i think i'm pretty well informed about the community fund and what it's supposed to be used on.

As for who you are and why you are attacking people here based on post counts and what not i have no idea.

Why even claim you are on the list if you are not  Roll Eyes Roll Eyes

A lot of us are seasoned in the ways of the fud, trolls, newbies, and hype.  Cool
jr. member
Activity: 48
Merit: 2
About this newbie talk.. Just because a lot of us don't feel like participating in the "pump/dump/fud/price speculation" talk here on bitcointalk doesn't mean we are newbies to nem.

https://docs.google.com/spreadsheets/d/1DpT2tjeUDS7HGu3pn3gte20NPND4GQLJ9GtcD3WaAss/edit#gid=10

I'm number 96 on the list.

Stop assuming things about people you don't know, not everything is a conspiracy.

Can't find you on the richlist.

My security was more than lacking when i received my stake so when i got better about these things i moved my nem to a new private key so no you won't find my name on the rich list. As for the post count i only post when i have a real opinion to contribute as i did this time. I'm the one who first proposed using the sockpuppet stakes to form a fund on the nem forum [edit - it looks like it was on the new forum after all] (I did not figure out the specifics). I've kept a close eye on all the nem topics here and on nem forums ever since 2013 so yes i think i'm pretty well informed about the community fund and what it's supposed to be used on.

As for who you are and why you are attacking people here based on post counts and what not i have no idea.
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