Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1442. (Read 2985787 times)

https://bitcointalk.org/index.php?topic=915569.120.   keep voting guys. Let them know we are here.  

Nice one man.

somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon  (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons,  and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional  nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.

the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.

You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price

Kind of. The current supply is of NEMstakes whereas the final supply will be of NEM.

So what you're telling me is that basically the current supply will increase 4000x times to those 9 bilions right? Which will be released and distributed at launch? If so, I think I got it now, thanks.

At this point I'd suggest simply waiting for launch and then buying on an exchange.

..I still continue with the same questions. But thanks for the help though

NEM is not launched yet. So far there is a BETA client released which works with testNEM ("play money").

To buy a NEM stake (or a fraction) you have to use NXT AE. The official "get a NEM stake" phase is over since months.

I'm confused to how to get NEM.

Is NEM/NEMstake the same thing? Has it been launched? What about the claiming procedure?

Can we get NEMstake/stake now, then once it's launch we claim it for NEM or something like that? I don't know why but that's the idea I got. Could someone sumarize the process to me please? I'd be really appreciated.

Also, what's up with the fact the market cap has decreased so much but the price seems to remain the same? Did something happened to the supply?

Polo has also redone their website.  It looks much better now. 

I have always got my coins from them okay, but there are sometimes a little delay, though what exchange doesn't have that problems sometimes?

IF IF I need to trade NEM, I might use Polo because I already have an account with them.

Ummmm where have you been? Poloniex has already been hacked.

Polo is getting in a really dominant spot. Big target for hackers. I hope they are prepared to get hacked because it will happen sooner or later. The only question is how deep the intrusion will be.

There are 4+ that have expressed interest but I doubt they will all be ready at launch. I'm confident that Poloniex will be ready at launch though.

Were they Poloniex and Bter?

Which exchanges will feature NEM?

good to know.

Usage of multi-sig might vary between companies but they all use the same implementation i.e. the one that is incorporated in bitcoin.
At least that's what I would think.


It is a cross third party platform in bitcoin as well. It's the "If this then that" part that varies. What multi-sig does is merely requireing more than one signature for a tx. When and by what theat signature is given is up to the imagination i guess. But that's the same in bitcoin.
I think nem busines rules could improve on the "If this then that" since it would incorporate that part in the system instead of outside logic and i guess that is what you meant.


The google auth thing is a good example and I suppose would be possible with bitcoin as well.
Here is how I think it could work in both NEM and BTC:

Make a multi-sig account. You own one of the co-signers and as the second co-signer you set the address given by the Goolge Auth service.

The Google Auth service has to watch out for tx from your multi-sig account and if it finds one it'll not sign it right away but wait for you to input your curent code (via website or whatever). If you do it'll sign the tx and the tx will go though. If you don't the tx will dissapear from the network after it's deadline (ofc without you loosing any funds since the tx never went through). This may sound a bit crappy - having to to a website to confirm your code - but that service could be "streamed" through NCC as well.

If there is no such thing for BTC yet then it's only because the API is terrible to use. Otherwise this wouldn't be rocket science i think.

I believe proprietary wallets use their own technology to implement multisig, combine them and broadcast the transaction if the minimum m of n sign. I believe, if well thought, the entry can be entered into the block chain as a message transaction and turns into a value transaction when the requisite m of n sign. With this method, then the m of n is a condition resting on the block chain and hence can be used by all types of proprietary wallets, so long they can 'talk NEM". I am inclined to think that the smart contract is doable in any case.

2. I haven't given enough thoughts, but my first reaction is that we may not need Google Authentication. The very existence of NEM may be good enough to create a NEM authenticator using what is already available in NEM.

Working Now 

While I have the devs attention.  I would like to make a request with multi-sig.  I know you guys like tackling the impossible so here is a challenge (but maybe wait until after launch, right   )

1. In Bitcoin and other coins, multi-sig as far as I know is just an option with in one person's wallet software and so each wallet company develops there own solution.  But like a mutlisig account started with one wallet software, can't really be used on another companies wallet's software as far as I know.  

Request 1: I think it would be really cool if our multisig was a cross third party platform solution and if it was I can think of lots and lots of neat things it could be used for and ways it can open up the blockchain.  For instance, smart contracts could become sooooo much easier.  I could make a "If this then that" parameter machine that could examine millions of different criteria and options and would release a part of the mutisig if some kind of function happened.  

2. All this business with multisig and multikeys is complicated for the user.  What I would think is really cool if one of the mutlisig's options could be a Google authentication code.  

Is there anyway to slip the Google Authenticator code into multi-sig? Or am I just asking too much?  (please note the do not delay launch request   hahaha)