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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1173. (Read 2985369 times)

hero member
Activity: 980
Merit: 1001
just boot up NCC and connect it with any NIS and I am in the network immediately.

Cannot be any simpler.

no, that's not simple. boot, connect...
fine for you and me, not for everyone. the average person won't "boot and connect to any NIS", believe me.

You don't need to boot or connect. You start NCC, enter your password and are done. Ready to go.
Obviously you need to configure it once but that doesn't have to stay that way.
hero member
Activity: 798
Merit: 500
just boot up NCC and connect it with any NIS and I am in the network immediately.

Cannot be any simpler.

no, that's actually not simple. boot, connect...
fine for you and me, not for everyone. the average person won't "boot up NCC and connect to any NIS", believe me.
Average person is not even interested what NCC or NIS means or is. In my view the fool proof solution I described above is essential if the target audience is NOT only the 250k already involved in Bitcoin but also people other than that small circle.
legendary
Activity: 1059
Merit: 1016
One thing I know for sure is if I want to use my wallet I don't need to boot up NIS. I just boot up NCC and connect it with any NIS and I am in the network immediately.

Cannot be any simpler.
full member
Activity: 224
Merit: 100
Well, for example, i used to keep all my XMR on Polo until web wallet came out... I guess there are reasons to keep coins on exchanges out of convinience, not just trading, it serves as a multi-wallet...

I don't understand that. I mean okay, appearantly it is indeed a use case but I don't understand why anyone would do it. It's like putting your money at risk for a little bit of convenience. It's pretty much like running around with all your money in cash in your wallet all the time just so you don't have to go to an atm. Makes no sense imho.

A lot of people dislike the usual cryptocurrency clients because they think those clients are uncomfortable and/or hard to operate. I for one don't have any issues but I prefer Electrum over Bitcoin-Qt any day. To make all kinds of people use NEM it has to be fool proof. No Nis booting, no blockchain syncing, no installing, none of that. It's way too much for the average user. It must be ready to use instantaneously. Make it as simple and as easy and possible.

Non-developer friends of mine outright refuse to use Bitcoin-Qt, Nxt client, etc... even words like crypto or blockchain turn them off. Once they realise Bitcoin-Qt needs a lot of time to sync they're like "wow why wait? PayPal is much better" (and rightly so tbh). If there's a lot of waiting, learning or fiddling involved, people aren't interested.

As easy as possible and as fast as possible is the way to go. On mobile and on desktop.

Exactly.
I had to move some NXT now and I haven't run the client in the last 8 days and it took 20-ish minutes to sync so that I can send NXT.
Unacceptable. Imagine nowdays that you have to wait 20 minutes to send an email.
Cold storage is different thing... I'm prepared to trade security with time and convenience...

Another idea I would really like to see: some sort of notification when tx arrives. The tray icon used to have pretty verbose notifications about NIS/NCC/something activity but no notificiations that someone sent me XEM.

I'm hoping that mobile app will bring those notifications at least, also I've been suggesting that instant transactions notifications need to happen if we ever want to see people using NEM to buy stuff in brick&mortar stores... I don't know how does it work now, maybe it is all already done. In that case - good work! :-)

Bitcoin is very slow (10-minute blocks) but tx are broadcasted immediately (I believe NEM's tx are too - they need to be) and that makes BTC useful to buy stuff without waiting for confirmations. Ofcourse on larger txs and if you have time, you can always wait 3-4 tx.
hero member
Activity: 798
Merit: 500
Well, for example, i used to keep all my XMR on Polo until web wallet came out... I guess there are reasons to keep coins on exchanges out of convinience, not just trading, it serves as a multi-wallet...

I don't understand that. I mean okay, appearantly it is indeed a use case but I don't understand why anyone would do it. It's like putting your money at risk for a little bit of convenience. It's pretty much like running around with all your money in cash in your wallet all the time just so you don't have to go to an atm. Makes no sense imho.

A lot of people dislike the usual cryptocurrency clients because they think those clients are uncomfortable and/or hard to operate. Convenience is extremely important. I for one don't have any issues but I prefer Electrum over Bitcoin-Qt any day. If NEM wants to attract all kinds of people and not just the tiny ~250k that are already using Bitcoin, it has to be fool proof. No Nis booting, no blockchain syncing, no installing, none of that. It's way too much for the average user. It must be ready to use instantaneously. Make it as simple and as easy and possible.

Non-developer friends of mine outright refuse to use Bitcoin-Qt, Nxt client, etc... even words like crypto or blockchain turn them off. Once they realise Bitcoin-Qt needs a lot of time to sync they're like "wow why wait? PayPal is much better" (and rightly so tbh). If there's a lot of waiting, learning or fiddling involved, people aren't interested.

As easy as possible and as fast as possible is the way to go. On mobile and on desktop.
hero member
Activity: 980
Merit: 1001
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
If poloniex is NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D then they are harvesting

It's their call no one can stop them. Although I must say I wouldn't do that...

If they really do, I hope they're doing it on some separate node, not on the node they use for getting information.
So exchanges are like banks then? Charge a fee to buy & sell and use the parked XEM for a high POI score so they can harvest blocks for the txs fees.

People hate banks for the profits they make off us but I guess it's ok for exchanges.

Well, this is a problem.
Many people send to Poloniex and increase her PoI. Already at 10%, no way to avoid this, ok?
it is possible attack the network with a significant amount of PoI?

It's always a bad idea to leave your crypto's at exchanges for more time than you need to. People should know this. See my signature and you know what I mean.
Unfortunately this is a necessary evil. Is have no another marketplace better than Exchanges.
I lost that amount in Bter.

No it's not a necessary evil. Why would it be necessary for anyone to leave any coin on an exchange ?
If you want to sell something deposit the amount you want to sell on an exchange. Keep the rest in your wallet.

It's really baffling that people still keep coins on exchanges. How many compromised exchanges does it take for people to learn ? I guess always 1 more.


you should ask the question why people let her coins on exchanges!!

Because it is easier, and because people do not want install additional software, and also because an exchange can be accessed from everywhere.

That's why NEM would be a step forward to the others with a secure, easy constructed and accessible online wallet

Dissagree.
They leave it there because they wanna trade and speculate. You honestly mean to tell me that people are using exchanges as online wallets ? C'mon. I gues we'll see a huge waves of withdrawals when the app comes out then ?

Well, for example, i used to keep all my XMR on Polo until web wallet came out... I guess there are reasons to keep coins on exchanges out of convinience, not just trading, it serves as a multi-wallet...

I don't understand that. I mean okay, appearantly it is indeed a use case but I don't understand why anyone would do it. It's like putting your money at risk for a little bit of convenience. It's pretty much like running around with all your money in cash in your wallet all the time just so you don't have to go to an atm. Makes no sense imho.
member
Activity: 106
Merit: 10
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
If poloniex is NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D then they are harvesting

It's their call no one can stop them. Although I must say I wouldn't do that...

If they really do, I hope they're doing it on some separate node, not on the node they use for getting information.
So exchanges are like banks then? Charge a fee to buy & sell and use the parked XEM for a high POI score so they can harvest blocks for the txs fees.

People hate banks for the profits they make off us but I guess it's ok for exchanges.

Well, this is a problem.
Many people send to Poloniex and increase her PoI. Already at 10%, no way to avoid this, ok?
it is possible attack the network with a significant amount of PoI?

It's always a bad idea to leave your crypto's at exchanges for more time than you need to. People should know this. See my signature and you know what I mean.
Unfortunately this is a necessary evil. Is have no another marketplace better than Exchanges.
I lost that amount in Bter.

No it's not a necessary evil. Why would it be necessary for anyone to leave any coin on an exchange ?
If you want to sell something deposit the amount you want to sell on an exchange. Keep the rest in your wallet.

It's really baffling that people still keep coins on exchanges. How many compromised exchanges does it take for people to learn ? I guess always 1 more.


you should ask the question why people let her coins on exchanges!!

Because it is easier, and because people do not want install additional software, and also because an exchange can be accessed from everywhere.

That's why NEM would be a step forward to the others with a secure, easy constructed and accessible online wallet

Dissagree.
They leave it there because they wanna trade and speculate. You honestly mean to tell me that people are using exchanges as online wallets ? C'mon. I gues we'll see a huge waves of withdrawals when the app comes out then ?

Well, for example, i used to keep all my XMR on Polo until web wallet came out... I guess there are reasons to keep coins on exchanges out of convinience, not just trading, it serves as a multi-wallet...
hero member
Activity: 980
Merit: 1001
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
If poloniex is NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D then they are harvesting

It's their call no one can stop them. Although I must say I wouldn't do that...

If they really do, I hope they're doing it on some separate node, not on the node they use for getting information.
So exchanges are like banks then? Charge a fee to buy & sell and use the parked XEM for a high POI score so they can harvest blocks for the txs fees.

People hate banks for the profits they make off us but I guess it's ok for exchanges.

Well, this is a problem.
Many people send to Poloniex and increase her PoI. Already at 10%, no way to avoid this, ok?
it is possible attack the network with a significant amount of PoI?

It's always a bad idea to leave your crypto's at exchanges for more time than you need to. People should know this. See my signature and you know what I mean.
Unfortunately this is a necessary evil. Is have no another marketplace better than Exchanges.
I lost that amount in Bter.

No it's not a necessary evil. Why would it be necessary for anyone to leave any coin on an exchange ?
If you want to sell something deposit the amount you want to sell on an exchange. Keep the rest in your wallet.

It's really baffling that people still keep coins on exchanges. How many compromised exchanges does it take for people to learn ? I guess always 1 more.


you should ask the question why people let her coins on exchanges!!

Because it is easier, and because people do not want install additional software, and also because an exchange can be accessed from everywhere.

That's why NEM would be a step forward to the others with a secure, easy constructed and accessible online wallet

Dissagree.
They leave it there because they wanna trade and speculate. You honestly mean to tell me that people are using exchanges as online wallets ? C'mon. I gues we'll see a huge waves of withdrawals when the app comes out then ?
full member
Activity: 189
Merit: 100
There is one guy who likes to spam the network so most probably you got the xem from him Wink
Alright then. Hope he is going to carry on spamming my wallet again. Wink
hero member
Activity: 687
Merit: 500
There is one guy who likes to spam the network so most probably you got the xem from him Wink
full member
Activity: 189
Merit: 100
On the 13th of April I had thousands of transaction fees of 10 xem pouring into my wallet. It lasted for a couple of hours, and every second or sometimes a few seconds they would come in. I was often getting  more than 20 transaction fees per block, all coming from this address:
NBCZC2-R25QL2-FYFJ3F-36YV6B-67GL54-DTOPA5-LXED
 I cannot even see the beginning of it as when I scroll down the transactions history my computer slows down too much and I gave up counting them after a couple of hours.
Anybody knows what could have happen?
legendary
Activity: 1418
Merit: 1002
Quote
This bid closed at 06:30 GMT on 18th. April, 2015.
-passed the aution  Embarrassed ..it was sadly a very short peroid,..perhabs next time Wink

...was it successful?

Yes, it was successful.

Winning bids were ?

Yes I would like to know the winning bids as well ...
full member
Activity: 224
Merit: 100
Is it a problem if i don't log in to my account, if i wait until summer? I remember that a part of the NXT community fund were untouched coins from the initial distribution (they took the coins from untouched accounts afaik).
I don't want this happen to me, because i'm active, but i dont wanna touch my account at the moment (until July).

I certainly am not a developer and I reall don't know how and in which direction NEM will be developed, but knowing that it isn't short term but a long term project I think if you have your private key stored safely your funds (XEM) will wait for you.
On the other hand I recommend following at least the most basic channels connected to NEM project like: http://blog.nem.io/
Visit that link at least once per week just to stay informed. At the end if you have investment in the project, take care of that investment and don't allow yourself to loose it just because of your negligence.
full member
Activity: 164
Merit: 100
POS killed the POW-star
Is it a problem if i don't log in to my account, if i wait until summer? I remember that a part of the NXT community fund were untouched coins from the initial distribution (they took the coins from untouched accounts afaik).
I don't want this happen to me, because i'm active, but i dont wanna touch my account at the moment (until July).
tyz
legendary
Activity: 3360
Merit: 1533
It is still high volume compared to the less information the developers provide to the public. Why should someone invest into a project where nobody knows where the development will go to.

Wow, 9 BTC 24h volume for NEM!! WTF!!
hero member
Activity: 697
Merit: 500
Wow, 9 BTC 24h volume for NEM!! WTF!!

Thats low :/
full member
Activity: 186
Merit: 100
Blockchain Technology Enthusiast, IT Pro
Just wondering the price of NEM is low these days because:
1. Some sockpuppets and late Stake redeemers were allowed recently to have their Stakes redeemed.
2. Or such redemptions are yet pending? And the reason is something else??
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Wow, 9 BTC 24h volume for NEM!! WTF!!
hero member
Activity: 1115
Merit: 535

you should ask the question why people let her coins on exchanges!!

Because it is easier, and because people do not want install additional software, and also because an exchange can be accessed from everywhere.

That's why NEM would be a step forward to the others with a secure, easy constructed and accessible online wallet

Yes a kind of lite NCC version that does not require installation and does
signing in the browser would be needed.

I wonder if the current NCC can be modified so that it can be used like
a proxy to access any NIS without any security risk.

For example anybody could then runt NCC on vps and allow public access
to other users which could then access their funds from web or mobile without installing anything
and doing local signing so that the user that runs NCC cant access the funds of the users that access their
accounts i mean anybody could start their own "blockchain.info" then in few minutes Wink

This would be cool.
legendary
Activity: 1526
Merit: 1012
electrum like wallets are da shit
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