Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1191. (Read 2985369 times)

We want to make the NEM block chain platform like legos, where you can build complex systems using simple parts. If you want a coin on top of it, then you could assemble it from basic components (essentially our colored coin implementation, but we are trying to go beyond standard colored coins).

We really would like to focus on building the NEM block chain platform, and hand off specific uses of the platform (like wallet apps, etc) to others. That being said, we are continuing to improve the user experience and it will get a lot easier for the average person before too long.

this is logical ...

 

Thanks for the update...

One suggestion (maybe this is posted somewhere but I missed it)

Having a profile and credentials of core team members/developers on the main site.

People investing in NEM are basically investing in the people behind the development.

Even if their identities remain anonymous, Phds, professors, etc ... could give confidence to new investors.

I remember back in late 2013 when the alt scene started blowing up, the stronger alts had foundations with team profiles etc...

This couldn't hurt NEM but only help it by shining more light on the core team and their credentials ...

"gimre" - appreciate your feedback and totally respect the request to move it of this thread. If you indicate where I can move it too I would certainly do!

In regards to "netstat -nap" - which protocol? ip / tcp / udp....?

Be realistical and honest and doing the math. Before the launch, on the AE, one Nemstake (2250000 xem)is about 1.3 btc. But the Nemstkes on the AE are only 1/4 of the total Nemstakes (correct me if I am wrong on nember). After the launch, all  Nemstakes are available for trade. The market is literally diluted by 4 times.

What do you think the price will be? In a normal market, the price of one Nemstake (2250000 xem) should be 1.3 btc/4. It will be overachieved even having the current price. IMO, everyone should expect the price will be going even lower and NEM team should focus on the technology and long term real utility of crypto tech

The whole landscape for alts is changing.  There will be no big pumps of any new launched coins.  Hell, even BTC doesn't seem to get much pump from good news.  To me, people are thinking rationally about the true value of crypto, I think Bitcoin is a bit undervalued but pretty close to what it should be.  I think Nxt has the most/best features, but not enough people are utilizing it, so it's value is low.  Ethereum will be the most disappointing launch of 2015.  I think Alts will continue to fail in 2015, people will just be trying to time their sell orders. I like NEM and think the development team is great, but people aren't excited about POI, just like they aren't excited about POS at this point. By mid 2016, BTC will remain the clear winner and everyone will be looking to develop features for BTC as a way to profit, rather than launching Alts. 

Bind on 0.0.0.0, means it's binding on all interfaces.

Please provide output from "netstat -nap" and post it on forum (this thread is not meant to be for solving tech problems, it's been stated multiple times)

down. you'll probably have to wait till tomorrow

This answer is really not helpful and definitely seen as a brush off saying to users: "Get lost!!!"?? Like calling the bank and saying you can't access your funds, the support person tells you someone else is using your account, just have a look...?

The exception states a few things:
java.net.BindException: Address already in use
Database may be already in use: "Locked by another process".

As stated - NOTHING shown up on port 8989, AND can also confirm no other process it running. The installer failed, the command line option failed, no need to say"
"Looks like you already got another instance of NIS running or some other program is using the db."

and here to:

https://forum.ournem.com/economics/price-speculation/

The problem isn't the price but the low volume!!!
NEM need a organized marketing, this does not exist!!

Wake up

I have received an MP from makoto1337 who is telling me to go to https://chain.nem.ninja/stakes in order to redeem my stake but that URL doesn't appear to work. Any tips?

It's cryptoland. You can't seriously blame him for that. 

Who is responsible for unrealistic expectations?  You guys. Just a week before the launch, makoto1337, the developer, was claiming the marketcap would be 30 million at the launch.

Im doing this right?

Looks like you already got another instance of NIS running or some other program is using the db.

A brief clarification and overview

I think it's very important to understand and clarify some things here as some people are unsatisfied with our current situation and this may well be due to some unrealistic expectations. While I make this point, do note that we read everything and appreciate every bit of thoughtful criticism we can receive.

After so much time and energy invested, NEM has finally launched. As you have seen, we have had a fairly smooth launch and our platform seems to be behaving as expected until now. A lot of work has been put into this, and our dev team has done everything to ensure NEM is an innovative and solid platform to build upon. Thus, our launch is a major step forward in proving that NEM is real and that our dev team can really deliver valuable innovation. But while we have launched, NEM is far from complete. In fact, all the work leading to our launch has only been our first major step in taking NEM from concept to reality. We have a great team and a solid technological foundation to build upon, so on the one hand that's everything one can wish for, but on the other, there is still a lot of work to be done. Although we are already ahead of most crypto projects, you must understand that NEM's features, killer apps and ease of use are not here yet, but are expected to be implemented until V1. This is why the price discussion, though seemingly justified now, will probably look at best negligible in the long run. We are planning to hit the masses, but not with the current version.

The real journey has just begun. There will probably be a lot of hurdles and unexpected events along the road, but this will no doubt be one hell of a ride judging by all the great people we have on the team and passionate community members. What I am really saying, is that the real value of NEM lays in the future. Both dev team and marketing team have been and are still working hard because this is not the point when NEM is complete and we can relax, quite the contrary. There's still a long way to go and one year from now, NEM will probably be a lot closer to what we want. Once our we will have those things implemented, then we will be ready to offer real value and utility. That will be the point where we will hype things and everyone will hear about NEM. Right now, well, we're not there and we have work to do, but this goes one step at a time.

Bottom line: The bad news is there is no guarantee in this game, despite best intentions we could fail. The good news is we have a great and passionate team which is still here and even bigger after one year, we have not run away with your money(big plus for this since it's very rare in crypto-land ) and we have delivered a solid, viable, though not yet complete product. This are the valuable things NEM has to offer now and the things with which it sets out on this journey. As it stands, chances are in our favor but there's still a long way to go, so we'd better start working smart and working together. See you later.

This is a personal note and does not necessarily reflect the views of anyone else in the NEM Team.

Cheers,
xtester