Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 135. (Read 2984910 times)

The three years are my estimate. If i remember correctly first nems about catapult development startet to surface about two and a half years ago. Main reason back then was to swap to C++ to gain performance. I guess many of the catapult features that are in it today came from feedback and feature requests of Mijn customers. So catapult itself grew with time and represents now what businesses expect and need from blockchain tech.

Some things have to be tried first before you really know what you need to achieve your goal. Catapult is the second iteration of an already working product and brings to blockchain the things people need. Not some wild speculation in a whitepaper.

Regarding atomic swaps you can read the following blog post which explains it very nicely:

https://forum.nem.io/t/using-a-secret-lock-transaction-for-an-atomic-cross-chain-swap-nem-catapult-101/17243

I for one very extremely much believe so.

When people are sniffing around something new that's one of the very first things they look to. If it isn't there then many a time they're not going to burrow any further. There are bog standard things you look at before going further with most projects - website, market position, Bitcointalk mentions, and a roadmap is very much in there too.

It may seem simplistic to someone heavily involved, but people start off on a simple basis anyway and then the details draw them in later on. And I wouldn't really class it as marketing. It's a basic courtesy in the minds of many - you're here in our present, here's a few bullet points about where we're planning to take you, or where you may take us.

It reminds me a little of what that Cache bloke was saying. He had to dig pretty hard on the website to find the info that excited him. It wasn't immediately in his face.

It's not as if it's a mind scrambling task either. It's a few hours of work which may pay off adoption wise more than tens or hundreds or thousands of hours of effort elsewhere. I'd happily do it myself if I had a clue about anything.

For something so simple and so ubiquitous elsewhere I find it mysterious that it doesn't exist though I recall mentions of something being put together on Telegram. Once it's in place it may only need a few minutes of maintenance per month but it would make a big difference.

It's one of the absolute smallest outlays of effort vs potential onboarding return.

Any constructive criticism for the foundation / marketing team? It's not like they're not doing anything. They just spent A LOT of money on the consensus pavilion, for instance. Granted, the success of that is somewhat debatable.

Development of catapult is ongoing, but slooooow. Wouldn't a HUGE marketing push now be a bit counterproductive?

Do you really think a public roadmap would make any difference? Imo, it seems like there's still a general awareness problem.

People have "magical" expectations from EOS, as soon as they realize that big magic results are not arriving too fast then the big dumpfest will start.

 

What do you mean by 'the project is ambiguous'?

I read the discussion and came to the conclusion that this project is ambiguous. However, it is worth looking at the chart and everything will fall into place. The XEM chart looks very promising. Now the coin is in the accumulation and growth potential is very good. However, I support the view that the team does not have a clear roadmap, I would really like to see it.

Please join NEM Telegram or the forum.

In my opinion you have some good points and I agree with you nearly 100%.
Spread it to the right people!

Why not get on here - https://forum.nem.io  and raise some points? That's where you'll be listened to by the actual team.

As for marketing, did you not notice the pavilion they had at Consensus? That's some major outlay.

You're right about the communication. It's always been the number one whinge. It's changing, but it's not A1.

The thing that's consistently blown my mind is that taking a few minutes out of one's week and telling people what to expect and maybe when is more effective than a million dollars of advertising yet it's rarely occurred to them.

I think that ninja nonsense was just something people told themselves to justify the lack of communicating and marketing. Someone said it and it has been repeated a bunch of times since then. Really disappointing how the foundation is handling things. There was an announcement months ago about Lon leaving and a new marketing team being put in place and a big marketing push.. but nothing has really happened other than a few shill articles on obscure crypto websites.

We need something that will truly move the needle or we're totally fucked. In reading interviews with the devs and others associated with the coin, I honestly believe them when they say they don't care about price.. and that much is obvious. Makes no sense to me. We're gonna lose so much marketcap and one more big slide and this coin will be out of the top 20.. and it's coming. Vechain is slowly creeping up while we fall.

Very frustrated with how things are being managed. This coin should be showing everyone else the way, instead they seem content to eat the crumbs left by the real big dogs.

First of all, how do you define real ERC token? As long as they are running on ETH as Token, there is nothing special. The only real project about them is REP to be honest. There are a lot more ERC20 token just because ETH alone is such a strong Buzzword to attract new user. ETH is far off being the holy grail. Everyone got the projects he likes and it´s good that you switched to ETH. But please keep in mind that many in here don't share your opinion.

Catapult will be released in the moment its finished. Yes a lot of P&D people don't like that because there is no real chance of accumulating before a big pump. But that was never the Plan of the NEM Team. I know it´s frustrating sitting on a loss of investment but that's just because you are not patient enough.

What level of return do you expect from ETH? It might break the ATH and even make 4x ($wise), that is something which is surely achieved in the future by NEM too. In a bull market, it´s bad luck to chose the ones not pumping and leading to nearly same returns. No wizard skills needed in those markets



You do know that mostly the progress made right now by any Project was forged in the past right? So he is right to say it´s slowly getting in shape because that's the truth. No need to spread FUD just because you are frustrated by your investment. If you would care less about the $ amount investment, you would be quite happy with the ongoing development

I'm absolutely agree with you. NEM team have lost big piece of crypto pie, there are a lot of real ERC tokens in market and no mosaics. Only 3 devs are developing catapult, omg, how long will it take? 3 years, 5 years, 10 years? Every feed-news startup has more then 10 devs in team and develop their project during 1 year, so catapult will be finished in 10 years. I also sold all my XEM and I'm going to buy ETH, ETH is not perfect, but ETH much more better then NEM !

You're a saint man.  I hope someday the market recognizes and rewards quality over BS.  It just doesn't seem we are any where near it unfortunately.  I don't even hold XEM right now and I'm concerned because it is a bellwether for the whole space.

Slowly we are getting to the finish line
NEM mosaic exchange - checked
Mijin open source - checked
NEM mobile wallet with mosaic transfer - checked. And you can watch my video about it here:
https://youtu.be/4Ze-qFCSOZo
Still waiting on Catapult on the public blockchain though, but devs are doing their best!

I noted its P&Dness too and no one here or on Reddit wanted to hear it - how ironic for something that should be a hodl!  Again, this is all because of lack of roadmap and communication.  Stay tuned next month because... they just didn't do it nearly enough.  Sell the silly shit and get new holders when they get dumped on and go underwater.  They'll wait for the next pump - as long as it is coming and you will have actually gained base value.

Despite its virtues it's always been treated like a pure pump and dump coin. That became clear when it started to get noticed and it hasn't changed. I lost plenty dicking around in earlier days with it. Now I buy in dead periods and occasionally offload in mad ones.

Mad phases will be back. They'll be back for everything no matter how good or bad they are. Nem will still be there unlike plenty of other coins.

I get the frustration but this is prime necro post fodder too.

That's great and I'm happy for your massive gains.  That is the problem with you original holders though - you feel none of the pain of all those who came after you and got raped.  That is why you aren't getting any richer.

One major problem with NEM is they never had a clear roadmap which is what whales use as guidelines for pumping.  They were so absorbed in getting everything right they literally forgot to generate any interest in what they were doing.  Although, I think it had much more to do with the supreme arrogance of Lon than anything else.  Basically, NEM ran so far ahead of the pack but didn't monetize that along the way.  People hold a coin not for the current pump but for the NEXT one.  NEM never had clear steps along the way of their development to coordinate that stuff so they are now way undervalued because in crypto 1 event = 1 event - content DOES NOT matter.  NEM never, ever understood this.  Now NEM is stuck having to perform and generate actual real world interest in people purchasing their token.  Mosaic ICOs will not cut it for them now - that market is dominated and saturated by ERC20 and that is the end of it.  Yes, they need companies to use their public blockchain (NOT Mijn!) and purchase XEM to do so.  Good luck for now because actual usage beyond testing that would matter is 5 years away which might as well be 3000 years in crypto.

 I've been here since the beginning. It's been 'ded' enough times before. Do what brings you joy.