Selling 1 full Nemstake private keys, PM with offers
Be careful, people, even if you buy a private key the original owner still knows that private key too!
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1368. (Read 2985503 times)
Be careful, people, even if you buy a private key the original owner still knows that private key too!
Selling 1 full Nemstake private keys, PM with offers
is there a release date for the nem launch announced yet?
no, hopefully it shouldnt be long before a date is announced.
You've been saying this for literally over 6 months now.
And he's by definition closer to the truth now then when he said it first.
As things stand now I hope we'll have an update on the matter next week or so.
Also, noone has been saying THAT for 6 months.
is there a release date for the nem launch announced yet?
no, hopefully it shouldnt be long before a date is announced.
You've been saying this for literally over 6 months now.
And he's by definition closer to the truth now then when he said it first.
As things stand now I hope we'll have an update on the matter next week or so.
Thanks Lorenzo,
I was looking for NEM history on google, but couldn't find. Thanks for some history insight on NEM.
Few more questions.
* I see in IPO or NEM investment Come-From-Boyond is marked red, and mentioned he took step back from his investment in NEM. I joined NXT just last month, but he seems to be pretty reputed person in NXT community. Do you know any reason why he has left NEM behind?
great questions. il try to answer some as best i can...Nice response and I learned a lot about NEM from reading it. Unfortunately, I know little about NEM other than the basics so I'm probably couldn't have answered those questions myself.
As for the fees changing in NXT, I don't think they are going to change. I think you are being lied too. People in NXT have been saying they will change the fees for over a year. Seriously, you can search for threads and discussions about it more than a year old. Yet it hasn't happened. The truth is the NXT whales like high fees. They make money off it, and they won't let that go.
There was a lot of talk about lowering the fees when NXT's price shot up to 10 cents last June but now that it's back down to 1-2 cents, it isn't really a huge issue anymore. The community will probably revisit it when the price goes back up since most NXTers agree that changing the fee is inevitable anyway.
And you'd be surprised how low NXT forging rewards can be. Most blocks have little or no fees. Out of the last 30 blocks, about half had zero fees and the rest had fees in the single digits. According to the forging calculator (link), even a NXT whale with 1 million NXT forging 24/7 would only get 50 cents worth of NXT after a week.
One of the big complaints with PoW was that the miners were wasteful and too centralized. PoS was a big improvement because it fixed the waste problem and a couple of others, but it wasn't perfect. In PoS whales are encouraged to hoard. The more they hoard, the more they get. As you found out with NEM, you can actually get a little reward for not hoarding. Basically, by spending with certain accounts (not all transactions help your POI, some will actually hurt it, like if you send back and forth to yourself) you actually increased your PoI. You basically build a good reputation for yourself in the system as a good transactor. In this way PoI can be thought of as the first ever reputation based blockchain system. That leap from PoI from PoS in that aspect, is just as big of a leap from PoW to PoS in my opinion.
POI is an innovative concept but only if it proves to be resistant to manipulation. Has there been any analysis or testing on whether or not NEM's POI is resistant to Sybil attacks? From the moment NEM goes live, there will be people seeking to expand their influence through dishonest means:
Quote from: Sybil attack - Wikipedia
The Sybil attack in computer security is an attack wherein a reputation system is subverted by forging identities in peer-to-peer networks...
...In a Sybil attack the attacker subverts the reputation system of a peer-to-peer network by creating a large number of pseudonymous identities, using them to gain a disproportionately large influence. A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically. Evidence shows large-scale Sybil attack can be carried out in a very cheap and efficient way in realistic systems like BitTorrent Mainline DHT.
...In a Sybil attack the attacker subverts the reputation system of a peer-to-peer network by creating a large number of pseudonymous identities, using them to gain a disproportionately large influence. A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically. Evidence shows large-scale Sybil attack can be carried out in a very cheap and efficient way in realistic systems like BitTorrent Mainline DHT.
The current tier-based Bitcointalk trust system has its pros and cons but it works well for the most part. Anyone can send positive or negative feedback but only those from trusted members have a real effect on the trust score. Trusted members add other trusted members to their trust list and the pool of trusted members is constantly changing. Bitcointalk accounts (i.e. identities) are easily generated but the trust system works because the trust score only accepts inputs from a select pool of accounts.
PoI is not susceptible to Sybil-style attacks. It's the first thing we considered when designing the algorithm, before programming even started.
is there a release date for the nem launch announced yet?
When the robin builds his nest.
Hi Lorenzo, you made some very good points.
I'll try to answer some of your questions.
There really isn't a good word for remote harversting. Some people think secure harvesting is a better term. Really what it is to me is "proxy private key secure remote harvesting" but that is a lot of words that get jumbled. hahahaha.
What that means is you can create a proxy private key that inherits your PoI score. You can then securely and safely broadcast that private key to any node, even malicious nodes as there isn't any actual XEM in that account. All the fees earned from harvesting with that private key are not given to that account, but instead redirected to the original account that had the original PoI.
Because of this, I can totally feel free to leave my computer running at home on a raspi 24/7 or other computer. If somebody breaks into my house and hacks into that computer to try to retrieve the private key, they only get the proxy key. Likewise, I can feel totally safe harvesting on a hosted VPN knowing even if it is hacked or controlled by a malicious service, my account is still safe.
Really the better term for it is "secure harvesting".
Now, what you were talking about wasn't really about remote harvesting but about another feature. Basically in NEM any NCC (computer side wallet) can connect to any NIS (network node) and do transactions safely. Yes, that is kind of like Electrum, but actually a big improvement on it. The only threat is when somebody needs to harvest, they have to provide a private key to the NIS, thus the devs built in the feature of remote harvesting.
NEM devs really have created something special here. I am not sure if people really see and understand just how nice this is. Also, the NCC is completely open source so any body can re-skin it and mix it up in a way that makes for a completely 3rd party app specialized to meet the needs of a specific company. Think of how James is building Supernet on NXT, kind of like that, but you don't need to be a James and work closely with the main devs asking them for this or that, any company or any dev can do it.
As far as NXT AE goes. To me it has been by far the most successful feature of NXT and like you said James was able to do A LOT on that. NEM will have to pull a special metaphorical rabbit out of its hat if it wants to have a better exchange, but I have confidence in them.
Also, sadly I know about no fee blocks on NXT. I have only been so lucky to have forged 3 blocks, but all of them were empty. After that I gave up. In reality there is a big problem with all crypto. Bitcoin is subsidizing miners to almost a million dollars a day. NXT got that down to hundreds. hahahaha. But still there is a problem. Many people like the original newbie asking questions on here wants lower fees and thought that they would change. You and I both think that isn't going to change. The problem is how do you support a network without fees, especially when it is being boot-strapped. Again, NEM devs have been thinking about this I think as it is such an obvious issue that needs to be addressed.
As for your thoughts on NEM's POI needing a real world run and needing to be tested. I completely agree with you. As others have mentioned, NEM hasn't launched and hasn't had a lot of surprise attacks and people trying to manipulate and destroy it. That testing needs to be done and until then, NEM can't actually claim that it is the real deal.
I'll try to answer some of your questions.
There really isn't a good word for remote harversting. Some people think secure harvesting is a better term. Really what it is to me is "proxy private key secure remote harvesting" but that is a lot of words that get jumbled. hahahaha.
What that means is you can create a proxy private key that inherits your PoI score. You can then securely and safely broadcast that private key to any node, even malicious nodes as there isn't any actual XEM in that account. All the fees earned from harvesting with that private key are not given to that account, but instead redirected to the original account that had the original PoI.
Because of this, I can totally feel free to leave my computer running at home on a raspi 24/7 or other computer. If somebody breaks into my house and hacks into that computer to try to retrieve the private key, they only get the proxy key. Likewise, I can feel totally safe harvesting on a hosted VPN knowing even if it is hacked or controlled by a malicious service, my account is still safe.
Really the better term for it is "secure harvesting".
Now, what you were talking about wasn't really about remote harvesting but about another feature. Basically in NEM any NCC (computer side wallet) can connect to any NIS (network node) and do transactions safely. Yes, that is kind of like Electrum, but actually a big improvement on it. The only threat is when somebody needs to harvest, they have to provide a private key to the NIS, thus the devs built in the feature of remote harvesting.
NEM devs really have created something special here. I am not sure if people really see and understand just how nice this is. Also, the NCC is completely open source so any body can re-skin it and mix it up in a way that makes for a completely 3rd party app specialized to meet the needs of a specific company. Think of how James is building Supernet on NXT, kind of like that, but you don't need to be a James and work closely with the main devs asking them for this or that, any company or any dev can do it.
As far as NXT AE goes. To me it has been by far the most successful feature of NXT and like you said James was able to do A LOT on that. NEM will have to pull a special metaphorical rabbit out of its hat if it wants to have a better exchange, but I have confidence in them.
Also, sadly I know about no fee blocks on NXT. I have only been so lucky to have forged 3 blocks, but all of them were empty. After that I gave up. In reality there is a big problem with all crypto. Bitcoin is subsidizing miners to almost a million dollars a day. NXT got that down to hundreds. hahahaha. But still there is a problem. Many people like the original newbie asking questions on here wants lower fees and thought that they would change. You and I both think that isn't going to change. The problem is how do you support a network without fees, especially when it is being boot-strapped. Again, NEM devs have been thinking about this I think as it is such an obvious issue that needs to be addressed.
As for your thoughts on NEM's POI needing a real world run and needing to be tested. I completely agree with you. As others have mentioned, NEM hasn't launched and hasn't had a lot of surprise attacks and people trying to manipulate and destroy it. That testing needs to be done and until then, NEM can't actually claim that it is the real deal.
Thanks Lorenzo,
I was looking for NEM history on google, but couldn't find. Thanks for some history insight on NEM.
Few more questions.
* I see in IPO or NEM investment Come-From-Boyond is marked red, and mentioned he took step back from his investment in NEM. I joined NXT just last month, but he seems to be pretty reputed person in NXT community. Do you know any reason why he has left NEM behind?
great questions. il try to answer some as best i can...Nice response and I learned a lot about NEM from reading it. Unfortunately, I know little about NEM other than the basics so I'm probably couldn't have answered those questions myself.
As for the fees changing in NXT, I don't think they are going to change. I think you are being lied too. People in NXT have been saying they will change the fees for over a year. Seriously, you can search for threads and discussions about it more than a year old. Yet it hasn't happened. The truth is the NXT whales like high fees. They make money off it, and they won't let that go.
There was a lot of talk about lowering the fees when NXT's price shot up to 10 cents last June but now that it's back down to 1-2 cents, it isn't really a huge issue anymore. The community will probably revisit it when the price goes back up since most NXTers agree that changing the fee is inevitable anyway.
And you'd be surprised how low NXT forging rewards can be. Most blocks have little or no fees. Out of the last 30 blocks, about half had zero fees and the rest had fees in the single digits. According to the forging calculator (link), even a NXT whale with 1 million NXT forging 24/7 would only get 50 cents worth of NXT after a week.
One of the big complaints with PoW was that the miners were wasteful and too centralized. PoS was a big improvement because it fixed the waste problem and a couple of others, but it wasn't perfect. In PoS whales are encouraged to hoard. The more they hoard, the more they get. As you found out with NEM, you can actually get a little reward for not hoarding. Basically, by spending with certain accounts (not all transactions help your POI, some will actually hurt it, like if you send back and forth to yourself) you actually increased your PoI. You basically build a good reputation for yourself in the system as a good transactor. In this way PoI can be thought of as the first ever reputation based blockchain system. That leap from PoI from PoS in that aspect, is just as big of a leap from PoW to PoS in my opinion.
POI is an innovative concept but only if it proves to be resistant to manipulation. Has there been any analysis or testing on whether or not NEM's POI is resistant to Sybil attacks? From the moment NEM goes live, there will be people seeking to expand their influence through dishonest means:
Quote from: Sybil attack - Wikipedia
The Sybil attack in computer security is an attack wherein a reputation system is subverted by forging identities in peer-to-peer networks...
...In a Sybil attack the attacker subverts the reputation system of a peer-to-peer network by creating a large number of pseudonymous identities, using them to gain a disproportionately large influence. A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically. Evidence shows large-scale Sybil attack can be carried out in a very cheap and efficient way in realistic systems like BitTorrent Mainline DHT.
...In a Sybil attack the attacker subverts the reputation system of a peer-to-peer network by creating a large number of pseudonymous identities, using them to gain a disproportionately large influence. A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically. Evidence shows large-scale Sybil attack can be carried out in a very cheap and efficient way in realistic systems like BitTorrent Mainline DHT.
The current tier-based Bitcointalk trust system has its pros and cons but it works well for the most part. Anyone can send positive or negative feedback but only those from trusted members have a real effect on the trust score. Trusted members add other trusted members to their trust list and the pool of trusted members is constantly changing. Bitcointalk accounts (i.e. identities) are easily generated but the trust system works because the trust score only accepts inputs from a select pool of accounts.
The main difference is that Nxt has launched and been stable for over a year with a number of features that NEM doesn't have. NEM hasn't launched, so you can't really compare them.
Stable???
Not exactly. I've personally helped discover and have been a part of an "oh shit" moment at NXT where all the devs had to do an emergency debug and roll out a new emergency release. One node was processing ALL the blocks. If you know about crypto, you know that isn't something you want.
At that time NXTers just stayed quiet and didn't advertising they were forking. Within a day it was fixed and everybody acted like it didn't happen.
Especially early on, the network had a lot of problems. I'm not sure how many of their updates have been emergency patches like that, so nobody can say it's been stable for a year. But I can say that it is pretty stable now. Originally the code was a mess, but Jean Luc cleaned it up really well. He is an amazing programmer and has turned NXT into a wonderful program.
Good for you jabo38
Anyway, I'll repeat what I said. Nxt has been stable for over a year, and NEM has yet to launch. NEM will get a lot more attention from hackers when it's launched, and like every other crypto (including BTC), there will be bugs. Stop comparing the two, it does nothing but bring more attention to Nxt. Dude, you were the one comparing. stop trolling.
I also don't understand how you consider the network completely breaking down to one messed up node to be "stable". Maybe you missed the link. https://nxtforum.org/general-discussion/is-the-chain-healthy/
Also, it is fine if my comments bring more attention to NXT, I like NXT.
But I also like the truth. :-)
NXT is a big brother of NEM, and most of the NEM community either has or once had a big stake in NXT too. Some people in NEM do hate on NXT and some people in NXT do hate on NEM, but there is still quite a bit of cross over.
If anybody wants to come into a NEM thread and say why they think NXT is better to them, that is fine with me, I realize everybody has choice and opinions. But the reasons need to based on facts.
is there a release date for the nem launch announced yet?
no, hopefully it shouldnt be long before a date is announced.
You've been saying this for literally over 6 months now.
is there a release date for the nem launch announced yet?
The main difference is that Nxt has launched and been stable for over a year with a number of features that NEM doesn't have. NEM hasn't launched, so you can't really compare them.
Stable???
Not exactly. I've personally helped discover and have been a part of an "oh shit" moment at NXT where all the devs had to do an emergency debug and roll out a new emergency release. One node was processing ALL the blocks. If you know about crypto, you know that isn't something you want.
At that time NXTers just stayed quiet and didn't advertising they were forking. Within a day it was fixed and everybody acted like it didn't happen.
Especially early on, the network had a lot of problems. I'm not sure how many of their updates have been emergency patches like that, so nobody can say it's been stable for a year. But I can say that it is pretty stable now. Originally the code was a mess, but Jean Luc cleaned it up really well. He is an amazing programmer and has turned NXT into a wonderful program.
Good for you jabo38
Anyway, I'll repeat what I said. Nxt has been stable for over a year, and NEM has yet to launch. NEM will get a lot more attention from hackers when it's launched, and like every other crypto (including BTC), there will be bugs. Stop comparing the two, it does nothing but bring more attention to Nxt. 
Looks good and would not need to change images on vice or on the coins
The original cluster isnt bad but with the 3 nem colors planted in the middle doesnt help
Also, there is a secret project that will be announced that will be a huge boost to usability.
Looking forward to it
Few more curious question.
I left my laptop on for a night, and received around 14000+ XEM in test client. My Importance was showing at first 0.26%.
So, I created another account in the same wallet. Sent few (20+30Fee) XEM to it.
Created another new wallet and sent 1000+2Fee XEM to it.
Later I found my Importance was 0.27%
My initial balance was 500,000 XEM.
* How can increase my account's Importance?
* Does the following factors play role in account's Importance?
- How long the system with Blockchain is active on network. Means how long it's available online on network.
- Is there something similar to 'Halmark' in NEM client? Does that play in Importance?
- Will making NEM client available as public node increase it's Importance?
- What other factors increase Importance?
* Is there auto-update feature available in NEM client? or is it going to be when final NEM client launched?
Cheers!
I left my laptop on for a night, and received around 14000+ XEM in test client. My Importance was showing at first 0.26%.
So, I created another account in the same wallet. Sent few (20+30Fee) XEM to it.
Created another new wallet and sent 1000+2Fee XEM to it.
Later I found my Importance was 0.27%
My initial balance was 500,000 XEM.
* How can increase my account's Importance?
* Does the following factors play role in account's Importance?
- How long the system with Blockchain is active on network. Means how long it's available online on network.
- Is there something similar to 'Halmark' in NEM client? Does that play in Importance?
- Will making NEM client available as public node increase it's Importance?
- What other factors increase Importance?
* Is there auto-update feature available in NEM client? or is it going to be when final NEM client launched?
Cheers!
One of the big complaints with PoW was that the miners were wasteful and too centralized. PoS was a big improvement because it fixed the waste problem and a couple of others, but it wasn't perfect. In PoS whales are encouraged to hoard. The more they hoard, the more they get. As you found out with NEM, you can actually get a little reward for not hoarding. Basically, by spending with certain accounts (not all transactions help your POI, some will actually hurt it, like if you send back and forth to yourself) you actually increased your PoI. You basically build a good reputation for yourself in the system as a good transactor. In this way PoI can be thought of as the first ever reputation based blockchain system. That leap from PoI from PoS in that aspect, is just as big of a leap from PoW to PoS in my opinion.
The tendency went to easy wallets. We will look that at guys it will turn out. The easy wallet, is such wallet (the client on open source) which doesn't need to be synchronized with a network. At once I started it and use. Such client works at full confidence to various knots. I think intellectual fast check of all knots and the most fastest, the safest will be carried out, the most trustest will get out as carrying out transactions in NEM Lite client. Check of knots will be carried out on the majority of knots. If among the majority of knots there is harmful that it is at once torn away by the client. Generally, work of the easy client will consist in eliminating all harmful knots and to choose from them the most reliable for carrying out transactions of NEM. Easily, quickly, and the main thing doesn't demand loading of the nembex base. It will be possible even the portable version which isn't demanding installation and a binding to HDD. For example from a flash drive card the client started, got to himself at once wallets, established on them passwords, received all of us favourite private key, quickly filled up and quickly translated. The ordinary simple user shouldn't extort all nembex base and to store blocks at himself. He isn't a harvester, it is to harvester earnings from that that they process blocks - the ordinary simple user needs only the payment order in which quickly I got the address, quickly filled up, quickly paid. It quickly will also be as a result very important factor in development of a network. When people start using quickly a network, without long expectations there will be a full synchronization with a network so far, they start using a network quicker. And the quicker they use, the internal services and an internal turn of NEM start being untwisted quicker. And the internal turn - the higher and awards for processing of transactions of harvester is higher. Thus an easy wallet in personal interests of harvester.
I think this idea standing and on NEM surely there will have to be an easy wallet in order that the network for the ordinary user became as it is possible for the most available and simple in use. NEM has to do a priority on users, on attraction in a network as it is possible bigger number of users.
Why many people don't love cryptocurrency? The price changes and it frightens off people? No. Not this reason.
The client and synchronization with a network push away people. Here we will allow to you now really it is necessary to translate quickly to someone coins, to pay for something, or a matter of life and death... But you quickly won't turn out... It is necessary to spend some amount of time for that to be synchronized with a network... Therefore people also choose - Got a credit card, entered the CVV code - purchase is made! It is less than a minute on time.
And so to us, in NEM, it is necessary to make the similar for people. To hell these synchronization! They to the ordinary consumer, the ordinary user - aren't necessary! He got used to see that that he needs and to pay quickly for it, without any additional expectations on synchronization.
Here that it is necessary for us - easy NEM a wallet in the form of the client of open source and it is desirable in the portable version that any person even from a flash drive card could always come, quickly send/get the transfer, and quickly pay something. Here on it it is necessary to do the main rate if we want advance in the masses and introductions of NEM in a consumer sector of the world econemic.
Original here : https://bitcointalksearch.org/topic/m.10651149
I think this idea standing and on NEM surely there will have to be an easy wallet in order that the network for the ordinary user became as it is possible for the most available and simple in use. NEM has to do a priority on users, on attraction in a network as it is possible bigger number of users.
Why many people don't love cryptocurrency? The price changes and it frightens off people? No. Not this reason.
The client and synchronization with a network push away people. Here we will allow to you now really it is necessary to translate quickly to someone coins, to pay for something, or a matter of life and death... But you quickly won't turn out... It is necessary to spend some amount of time for that to be synchronized with a network... Therefore people also choose - Got a credit card, entered the CVV code - purchase is made! It is less than a minute on time.
And so to us, in NEM, it is necessary to make the similar for people. To hell these synchronization! They to the ordinary consumer, the ordinary user - aren't necessary! He got used to see that that he needs and to pay quickly for it, without any additional expectations on synchronization.
Here that it is necessary for us - easy NEM a wallet in the form of the client of open source and it is desirable in the portable version that any person even from a flash drive card could always come, quickly send/get the transfer, and quickly pay something. Here on it it is necessary to do the main rate if we want advance in the masses and introductions of NEM in a consumer sector of the world econemic.
Original here : https://bitcointalksearch.org/topic/m.10651149
Actually, NEM already supports this NOW with our client-server architecture. Did you notice?
Also, there is a secret project that will be announced that will be a huge boost to usability.
The main difference is that Nxt has launched and been stable for over a year with a number of features that NEM doesn't have. NEM hasn't launched, so you can't really compare them.
Stable???
Not exactly. I've personally helped discover and have been a part of an "oh shit" moment at NXT where all the devs had to do an emergency debug and roll out a new emergency release. One node was processing ALL the blocks. If you know about crypto, you know that isn't something you want.
At that time NXTers just stayed quiet and didn't advertising they were forking. Within a day it was fixed and everybody acted like it didn't happen.
Especially early on, the network had a lot of problems. I'm not sure how many of their updates have been emergency patches like that, so nobody can say it's been stable for a year. But I can say that it is pretty stable now. Originally the code was a mess, but Jean Luc cleaned it up really well. He is an amazing programmer and has turned NXT into a wonderful program.
https://nxtforum.org/general-discussion/is-the-chain-healthy/
That thread is going to be a year old soon enough
The main difference is that Nxt has launched and been stable for over a year with a number of features that NEM doesn't have. NEM hasn't launched, so you can't really compare them.
Stable???
Not exactly. I've personally helped discover and have been a part of an "oh shit" moment at NXT where all the devs had to do an emergency debug and roll out a new emergency release. One node was processing ALL the blocks. If you know about crypto, you know that isn't something you want.
At that time NXTers just stayed quiet and didn't advertising they were forking. Within a day it was fixed and everybody acted like it didn't happen.
Especially early on, the network had a lot of problems. I'm not sure how many of their updates have been emergency patches like that, so nobody can say it's been stable for a year. But I can say that it is pretty stable now. Originally the code was a mess, but Jean Luc cleaned it up really well. He is an amazing programmer and has turned NXT into a wonderful program.
https://nxtforum.org/general-discussion/is-the-chain-healthy/
Lunch is when NemZilla is on the road.
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