Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1034. (Read 2985436 times)

I made the prediction of $50,000 NEM capitalization before.  I think we will see it before V1 and the ecosystem companies.  Better unload now if you are smart.  Even sell at a loss since you can buy back in, cheaper, for later.

right. because of that initially XEM fell not into those hands and the coin is merged it now had to reach the full bottom from where growth will have to begin. I think that on 30 sat we won't reach on bottom XEM. also the bottom won't be reached and at the level of 20 sat. well and further we will observe an interesting picture from 20 sat to 1 sat when the price has to grope the bottom and from there growth with which those will prevent and to interfere in every possible way who will go bought XEM at the price we will allow in 1 sat or in 10 sat. these hands without big daily volume will be the constant reason plum.

thus it is possible to come to a conclusion that equal distribution of XEM of a coin didn't work well when the coin fell not into those hands which under trying conditions low volume started it merging. and yes, here you are right. process of restoration of the XEM market will take now not one ten years in such conditions of low volume.

i suggest to forget and RIP for the period of XEM (for decades) and to be engaged in useful work in the sphere of block chain tech NEM and to look for constant sources of financing from out of. the form of financing has to be in the form of donations from various corporations in order that devs did on the basis of block chain tech NEM various projects for these corporations. for example development of internal currency of corporation, special bonus points of corporation, system of identification for corporations. it can be the crypto passport, the crypto admission, or any other types of special corporate digital electronic documents. and so on. thus block chain tech NEM will be filled over time with the corporations of projects introduced from various, but thus it won't influence XEM price in any way because of unsuccessful equal distribution where the coin of XEM fell not into those hands and process of restoration from it I would tell wreckings will have to stretch for long years now so far there will be works to block chain tech NEM and the network will be filled with various projects implemented in it from world banks, corporations, and it is possible the governments.

Didn't I predict the prices will go down as more coins are sold by the original stakeholders, not up. The marketcap is totally artificial. You have to look at interest (daily volume) which is very low.  And this is not short term issue. It will take years before you get complete liquidity.  The prices are going to go down for the next  5 to 10 years.   What happens after that depends if there is even any interest left after that many years (I doubt it). I mean it's not impossible to drop all the way down to zero someday.

no, it not the reason. the price itself will gradually fall to 1 sat as the number of 9 billion coins will always press through low volume down.

when do such large number of coins also volume too the big is necessary. but when coins very much that because of low volume the price itself will gradually go down to more and more new lower levels. it therefore I wait within the next 5 - 6 months for the price in 1 sat for 1 XEM at preservation of a present situation of low volume.

were those community funds released?  is that the reason for the price plummeting?

I understand what you are saying but I don't think bigger blocks are that big of a problem.  12 nodes control almost all of the hash, more than 96%.   That is only 12 nodes that need to spend $50 on an extra hard drive and it will still be basically as centralized as it was before.  Of the other 4% there will certainly be some nodes that stop running because they lost hard drive space, but it shouldn't over all effect the network's centralization.  https://blockchain.info/pools

So miners are complaining it will lead to centralization, which is silly because they are the ones that centralized it in the first place with their pools.  What the miners are really afraid of is that the bigger blocks will mean that if they find a block and they fill it up, then somebody else with an empty block might win the race for the longest chain.  With everybody making small blocks it is okay, but with some people making big and some people making empty a problem arises and miners are faced with the question of should I just go for the block reward or should I support the network?  That really shouldn't be a question though.  The system should be designed so that they are given incentives for supporting the network, that by the way is how NEM is designed.  NEM nodes are incentivised to process as many transactions as possible, not rewarded for making empty blocks like in Bitcoin. 

most likely will adopt the new Bitcoin-XT protocol and a course it will be restored. but acceptance of a new bitcoin in the future will damage decentralization and all mining will leave aside only the largest a mining of the centers which, as expected, in the future will be under a cap from the governments to whom so stirs a free bitcoin. earlier for example it was impossible to cover this all business in any way as many have 30 gigabytes on the hard drive for decentralization maintenance, but after adoption of the new protocol expect quite in a year the pass of weight of blockchain for 100 and more gigabytes. it so - approximately. anybody doesn't know on how many yet real blockchain can grow and further from year to year grow. but that so sharply from 30 gigabytes the weight of blockchain will start increasing is a big blow to decentralization. many miners in the future from - for the weight of blockchain will be compelled to refuse a mining and support in return to decentralization. the roller left before, there in the moment it is told that anything terrible, there will be electronic payment systems on which platform it will be possible to translate btc to anyone. but, I'm sorry, electronic payment systems are already centralization! people want to have still decentralization and community on the contrary asks to do everything possible that also these present 30 gigabytes weren't that blockchain of a network was very easy and didn't take 1gb of an empty seat on a disk. always the small weight of blockchain is pledge of decentralization. but, unfortunately, not to reach the bitcoin developers. one team supports that to leave everything as it is and another wants increase in the size of the block by 20 times! both teams don't even think on a subject as all of them together only harm to decentralization of bitcoin, leaving everything as it is or on the contrary increasing by 20 times that as it is possible rather already centralization came, all mining left towards the largest world mining of the centers, well and, respectively, these mining the centers will be always under a cap of the governments which the centers will influence in every possible way these largest mining. at the end nationalization and transition of the largest mining of the centers to possession of the governments expects. and further we will look in what the governments will turn bitcoin. but here already and to the far person it is clear that when the governments of bitcoin that good from this won't be will own. control, possession someone one, and regulation to anything good don't lead. it is blow to freedom and decentralization of bitcoin. and this blow is struck today by developers, these two teams, one of which for that that in general that not to change, leave as is, and another for changes, but such changes on the contrary to the fastest drive in centralization, under a cap, with to take away freedoms where everything will be rigidly regulated and controlled at the level of already private electronic payment systems which too all are under a cap, regulation, and control from regulators of these electronic payment systems granting the right for implementation of activity.

still than that is bad that Bitcoin-XT will be soon accepted? the matter is that now we have an option and a vote, the network is still free and is such freedom of vote where further to move is provided. but then, when all processes will already drive the largest a mining the centers, under a cap of the governments certainly, they will already solve everything that is good for Bitcoin-XT and that is bad. simple miners won't have as now a vote and the right of the word any more. everything will already be solved a limited narrow circle of people to whom on the largest mining to the centers Bitcoin-XT will belong. and in a private property always so - who owns that all and solves. in the future present bitcoin from the free will turn in private and someone owned. As owners of the largest mining of the centers will act. then they will make also all innovations as will want, without listening to opinion of the people. here such is future Bitcoin-XT. that that is accepted today. influential people in the sphere of decentralization and freedom already expressed the opinion to keep on farther from new Bitcoin-XT as soon everything will be under control and a cap from individuals (governments). on replacement litecoin, but not on long can act so far.... remember that did in the past of the government? remember e-gold, liberty reserve. too they prepare and for bitcoin. at first the purpose to centralize the centers under the largest mining, to take away freedom and decentralization, and then to enter limits, AML in a network, and all other that is characteristic to the present world mode in the sphere of finance.

but all this in general is good for NEM with innovative block chain tech the equipped snapshotting not having world analogs. all these above-sounded problems of gradual centralization of all nowadays existing networks will promote accelerated promotion to the world of NEM.

Good to see you around here.    Let me try to answer your questions.  

For sure in this version an asset owner can manually quickly scan the blockchain, create some new dividends and then send out the bonuses to each holder.  That is no problem to do, but hasn't been automated in version 1 to make it done in one click.  Although a person could easily write a script to do it.   Mosaics will have more versions after this version with more functions, so that can be something that is added to NCC and fully automated, but will be later.  

M of N is very important throughout NEM and definitely is enabled already in mosaics.

There is no real information about Mosaics, so I just made a story for you.  But first please read the old post explaining Namespaces which explains how the naming system works for Mosaics.


Now, on to a story created for you.  Lets say a user name kryptonit who loves diamonds is interested in Mosaics.  (I saw you profile but didn't want to exactly copy you. hehehe)

He knows he is in the diamond business and wants blockchain representation for these diamonds.  Maybe the blockchain tokens will be digital assets for speculation on the price of diamonds, or maybe they will be certificates of existence, or maybe they will be used to help track the diamonds as they are moved from place to place. At anyrate, kryptonit needs some blockchain based tokens.

First, he goes into NEM and buys the namespace "kryptonit_inc" for his business.

Second, he knows his business will be very successful and have a lot of lines so he creates a sub namespace "summer2015assets".
Third, he creates his first line of mosiacs for red laser diamonds.  It ended up being very successful so he needed more.  
Fourth, he finally created is fifth line of red laser diamonds. Now he has decided to move on.

Fifth, in the winter he opens up a sub namespace for his new line "winter2016assets".
Sixth, he creates a mosaic for "blue_diamonds"
Seventh, there was a mistake at his factory and instead he ended up with 150,000 extra diamonds that he didn't know about, so he amends the total amount in that particular mosaic and adds those numbers.  (could have destroyed them too if it was a bad mistake)

This is an example of a transferable mutable mosaic,  but we can also have non transferable and fixed rate mosaics too, as well as being able to send mosaics in bags.  I'll try to explain those a bit later a long with other interesting things Mosaics can do.  

 

The above examples can also be seen on the testnet NEMbex which Gimre just updated yesterday and is still working on more and updating.

 
Mosaics is being designed not to just be an IPO asset feature for scam coins and pumps, but is being designed for real world businesses to use in their daily operations.  It is by far the most feature rich asset creation platform in crypto.  

As mentioned above the first version of Mosaics allows the following:
Divisibility – Up to 6 decimal points.
Quantity – Either mutable, fixed, or capped.
Transferability – Asset can be locked into only being traded with the creator and the first person it was sent to, or it can be transferred to anyone.
Descriptions – An explanation about the asset.
Packagability – Assets can be bagged together with other assets
Name and Namespace – Assets will be a part of an advanced naming system on NEM
Data – Assets can be sent with messages

There are plans to address scalability of the NEM blockchain. We want to create infrastructure that will be practically usable in daily life.

i miss the ability or infos about the issuer of assets
can he pay out dividends to owner of the assets

can there be pre defined rules for the dividend behavior of the asset?

can the N of M multisig logic be used for the issuer of assets

and and and

wana know more about mosaics

if there is some more info available already please link me to it

Bitcoin has a blockchain bloat problem.  The people that are against XT are complaining thinking bigger block size will lead to centralization.  And they are maybe right a little little bit.  But the main problem with centralization has very little to do with block size and a lot to do with other things like how the mining pools are set up and how miners are rewarded.  That is like 99% of it.

Anyway, NEM has been designed from day 1 knowing that we will someday have bloat and so from the very start it has been designed to someday support snapshotting.  And as the internet speeds increase and harddrives do too, then NEM will have no problem increasing block size.  I actually think in just a few years we will see people even running full nodes on their old smartphones.  So we will have the opposite of a centralized problem.  We will have anybody and everybody running nodes just because it is so easy and light. 

As for the other NEM tech.  It is designed really well.  The OP of this thread is a good place to start. 

1. what can you tell about block chain tech NEM?

2. whether there can be in the future at NEM same big problems as at Bitcoin connected with increase in the size of the block by 20 times and burn fork Bitcoin-XT?

If price will hit 1 sat,it will go up to 40 000 sat.If someone is selling,someone is buying

#idea

why not have a pot of fees in network
and then payout them like a mining pool

and now imagine that if u create a POI block u get 10% of the fee in pot

would be like that

block 1 10 fee POI block creator get 1.00 NEM (9.00 stay in pot)
block 2 10 fee POI block creator get 1.90 NEM ( 17.10 stay in pot)
block 3 60 fee POI block creator get 7.71 NEM (69.39 stay in pot)
block 4 0 fee POI block creator get 6.93 NEM (62.45 stay in pot)
block 5 0 fee POI block creator get 6.24 NEM (56.20 stay in pot)
block 6 0 fee POI block creator get 5.62 NEM (50.58 stay in pot)
block 7 30 fee POI block creator get 8.05 NEM (72.526779 stay in pot)
block 8 0 fee POI block creator get 7.25 NEM (65.27 stay in pot)
block 9 0 fee POI block creator get 6.52 NEM (58.74 stay in pot)
block 10 0 fee POI block creator get 5.87 NEM (52.87 stay in pot)

this way each POI block earns
and still not a single "new NEM" is created it stay a zero inflation coin

above is just a idea about the mechanic the amount of blocks feeded into the pot to average out the earnings of each POI block can be fine adjusted
technical i think its not impossible same as not each tx is accepted at next block and can be potetial longer stay waiting until accepted
the fees could have a similar mechanic that not all are added to a block at once and instead follow above mechanic to add towards a fee pool first
when each new found block withdraw 10% from it

If there are no tx in a block then there are no fees and therefore no reward. 0 inflation does have it's drawbacks I'm afraid.

Can someone explain why I harvest blocks and get 0 fee?

very eloquently put. Thanks for sharing your predictions.

i will wait price 1 sat in next 5 - 6 months.
hey look at volume xem is die!

Some consolation to those wrongly socked and docked.

Keep dreaming At 1 sat one person could buy all NEM around, not gonna hapen... Price is only important for the weak hands and speculators who intend to sell anyway, we don't need them