Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 56. (Read 661498 times)

what do you mean by ''once alpha comes out you wont see close to that price for a very long long time!'' do you mean the price will be higher or lower than 20,000 next, I hope higher! and any news when will be NEM be in coinmarketcap and also any news when the alpha version will be released?

and the low volume in NXT/CNY show that the asset exchange has a little exceptional popularity in China! We should work with NEM, it is eventually the most important market:

BTER      NXT/BTC      $ 211,667   $ 0.057944    50.27 %
DGEX      NXT/BTC      $ 102,245   $ 0.058446    24.28 %
Cryptsy      NXT/BTC        $ 61,494           $ 0.058714    14.60 %
BTER      NXT/CNY       $ 36,854           $ 0.059196    8.75 %
Poloniex     NXT/BTC       $ 7,750           $ 0.059327    1.84 %
Vircurex      NXT/BTC        $ 1,032           $ 0.058714    0.25 %
NXT-E      NXT/BTC        $ 21                   $ 0.078220    0.01 %

I can not understand why NEM stakes are sold so cheap on the asset exchange

There will be import private key function. So @kodty you can import private key directly to client and it works similar to brain wallet. The think that differentiates from a true brain wallet is that your private key or your "password" here can be saved offline (cold storage).

So the more options the more power to users.

I know that NEM will probaply NOT use brainwallets. But it will use some kind of private/public key encoding to realize the crypto. It would be helpful for me to know if it is possible to import a private key / create wallet from private key function in the community client? For the voucher it should be no problem to create a keypair if somebody can tell me how this is encoded. I have seen a base32 encoding as a first proposal here https://docs.google.com/document/d/1NhxTyi4Eo2D_1m1Ca8zvzQr0_RB0dgM2VuWXAIzcS-I/edit?pli=1 but i am not sure if this will be final? Another alternative would be to create a wallet for each voucher, send NEM to the wallet and make it downloadable on a webpage by accessing the "hidden" link embedded in the voucher. I will see what can be done in the alpha release or maybe a dev can give me an info on the topics above in advance.

If everything is clear for the voucher i may try to create a webpage for everybody to easily create and print it or i will at least release a prepared template and a manual on how to create such vouchers.

Thank you all for your feedback

There are 4000 NEM stakes. So 1 NEMstake token on the NXT A.E. is worth 1/4000 the entire amount of NEM (1x10⁶ coins per stake / 4x10⁹ total supply).

This is one of the benefits of having a quasi-exchange to enable a limited amount of pre-launch trading. It will weed out the major dumpers who wish to sell their NEM immediately with no intention of supporting the network or the ecosystem, before it's even launched.

+1000

Sounds like a "normal" wallet only that you can store it in the cloud (if this a centralized cloud this is actually really not cool at all) and you have an extra "password" called seed that acts as kind of a backup key. Nothing really special about that imho. It's actually exactly how the Ripple wallet works or rather worked before they had a downloadable stand alone client. I haven't checked that client out yet.  

Here's why I think brainwallets are in no way more portable than old fashioned wallets...

For brainwallets to be secure you need a strong password. In this case strong means a password that you will most definitely not be able to remember which means you have to keep it somwhere. If you keep that password in a file there is no difference anymore to a wallet.dat. You have to carry around both of those files to access your funds. At least the wallet is encrypted (if you choose to do so, I think this will be standard for NEM but I'm not sure).

Now people come and yell "password manager" in my face.

First - I wouldn't trust some thirdparty maybe even closed source tool to hold all my passwords encrypted or not. Secondly this again takes out the portability. You have to install that darn manager everywhere and at some point you may end up on a device where that manager isn't available.

NRM is close to hitting 2.5 million NxT in volume since trading on friday.

Will Coinmarket add NEM tokens?

Nice. A wallet that has a built-in QR code generator/reader would be a good feature.

I'm not sure whether it's up to date, but this is what I remember:

NEM will NOT use brainwallets.

Thanks.

Well there are 4 billion NEM in total and one stake is 1 million NEM. So 4000 stakes make up the entire NEM supply.

does one NEMstake equal 1/1000th of the entire amount of NEM?

Wow definitely very cool, I will put them in the promotion board.

How much is one nemstake worth in terms of ratio? How many nemstakes make the entire value of NEM?

NEM is closing the gap with ShortNxT.  NEM will hit 3 million NxT on monday?

Hi NEM community,

i quietly follow cryptos for a while and i feel NEM has a high potential to become something big. I guess beside getting a high marketcap it should be our goal to attract more people to NEM. Therefore i prepared a draft of a "bitcoin-paper-wallet" like NEM voucher.
As we have no logo yet it is just a first draft and i will finalize it later.

I am going to print such vouchers, preload them with ~100NEM and bring them into public. I will give them to friends, "forget" them in favorite restaurants, pin them to a black board, give them to people that have nothing to do with cryptos at all etc.
Maybe i will add a "valid until" date an reclaim back all NEM that have not been redeemed within a year or so to be sure that no NEM will be lost in space.
If every stakeholder releases just 10 of this vouchers we can easily reach ~30000 additional people and bring them into NEM.

https://www.dropbox.com/s/t59yx73tyw4pgav/NEM_Voucher1.jpg
https://www.dropbox.com/s/noeultctxi384ig/Printed.jpg


I would like to know if there will be an "import private key" function in the NEM community client and how to create a NEM address key pair for the voucher? Is the proposal for a NEM from the initial development plan still valid and will we use "standard base32" encoded addresses? Maybe the devs can help me with my questions?

Thank you all for your hard work in NEM!