Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 233. (Read 661498 times)

An alpha is planned for the end of April.

He hasn't actually announced an error. From the little that is publicly known about POI so far he has raised the concern that POI may be vulnderable to two well known attacks.
POI is still under development and there was no whitepaper released so far. CfB is a well known and respected NXTer but in this case he's just speculating.
Makoto is putting a lot of effort into finding the right balance and is running simulations of attacks. He's doing a great job and I'm not worried at all.

Once the algo is finalized and the whitepaper is realeased then people can come and say there are issues. In fact then it is encouraged and appreciated if other skilled people that a look at it. Before that it's useless speculation.

So far known fact is that client is planned on April.

any updated news about nem?

It depends how you look this, someone could easily say that bitcoin are used only by tiny population and havent gained any significant market share in terms of transactions or fees in financial markets or as a currency system...

People usually use what the far majority of people are using. Most people use Bitcoin because it is most widely accepted and pretty much the reserve currency of cryptocurrencies. Whether it is inferior to something else or not, people are (still) using it most -- just like you and me are too, you see.

developers. how will you correct the error, which announced c-f-b?

Counterparty uses the bitcoin blockchain right ? Sounds to me like it's doomed from the start unless people really never realize that there better things out there than bitcoin.

So true, so true. Something like using a keyfile with TruCrypt.

Something that should definitely be added when Nem is released is a MD5 & SHA Checksum, so that people can verify that the download is legit.

My comment had nothing to do with Nem or Cryptoconcurrencies. It was simply a reply to someone's definition of high tech, and me giving my opinion of what I consider high tech.

I know many people dont have any experience with electrum, but I have and I really dig that system. Basically, you have a seed passphraze, which is your key to bitcoins in blockchain. This system is very mobile, simple and you dont have to be afraid of hardware failure. It is encrypted aswell.


Features
Instant on: Your client does not download the blockchain, it uses a remote server.
Forgiving: Your wallet can be recovered from a secret seed.
Safe: Your seed or private keys are not sent to the server. Information received from the server is verified using SPV
No downtimes: Several public servers are available, you can switch instantly.
Ubiquitous: You can use the same wallet on different computers, it will auto-synchronize.
Cold Storage: You can have secure offline wallets and still safely spend from an online computer.
Open: You can export your private keys into other Bitcoin clients.
Tested and audited: Electrum is open source and was first released in November 2011.

https://electrum.org/

Yes, it was M-Pesa in Kenya.
Small fees and suitable "forging" might interest also Africans and other areas which are not so high tech.

As far as wallet security goes, I have always thought that the wallet.dat file poses a huge unnecessary security risk (since malware or a hacker can easily scan the computer for wallet.dat). I think we should copy the approach that exocoin is taking when it comes to wallet security:


A secret file to unlock your account. Or at the very least, allow the user to create a custom name and filesystem location for the wallet.dat file.

M-Pesa I think it started in Kenya

What is the point in talking about high tech? Isn't the most important thing the user groups, which are interested in NEM and want to use it with THEIR devices.

Was it SomethingElse, who wrote about a very successful Mobile Money used in Africa? They used mainly phones.

NCC is just the first step, this is a long-term project, more exciting products will come and we should be grateful to the NEM dev team for their hard work.

Totally agree with j23a on this one. More so, i assume people expect less hacking to happen on mobile devices, but that's a lot easier to be done than on the pc (of a high tech person). I'm with jabo38 on the mobility factor, but until these smart devices get a lot more secure they won't have my trust in them in terms of banking.

Personally I can't see anyone who only uses phone as their only device to be high tech people. I could see how a country like that could be a high tech country, where the casual users all have cell phones, because it's something that the culture can afford, but I wouldn't consider someone who just uses their phone and mainly checks face book, texts, and plays simple casual games to be high tech.

As it was said before, whatever we do with the wallet and app, our most important filters should be simplicity and ease of use. I am convinced this will be one of the important things that make or break Nem in the long run.

In other words a one click install client would be just great to begin with.
I also think maybe it would be interesting for the Nem client to have 2 skins. Meaning one simple and very user friendly interface with just a few basic options and another interface for the more advanced Nem guys where all the interesting options and features are included. This is just a thought.

An app would be great as well, and would be our 2nd major step for making Nem easy to use and accessible to the masses. If we manage to develop an app, maybe it will be good to make it public only sometime after la initial Nem client launch(2 weeks or so), just to keep the buzz about Nem alive. And yeah, lets not forget clean, simple and very user friendly.

In the big picture I think a very important feature and our 3rd major step should be a hardware wallet. If we manage to develop a hardware wallet within a year or so, then this would add a great deal of value to the Nem Ecosystem.

In any case I am very optimistic about Nem. With each passing day it all looks more promising. 

On a side note we should try to keep this intelligent and friendly spirit that we share and make it one of the core values of our community. This is a rare thing and as the community grows values like this will keep us away from self-destruction.