Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 170. (Read 2984910 times)

Does somebody can explain why developers produce news about catapult during dumping makret? According roadmap they have to produce this news in april

I think you should sell now, since NEM can definitely go down more, and so can the market. If your timeframe is few weeks to a few months, NEM is unlikely to deliver for you day in and day out, and it also comes with higher volatility as you rightly pointed out.

Just make sure not to come back to the thread in the next bull run about how you missed out to big gains or what not.

All this voting stuff from odd crypto sites are pointless and do not bring any benefit to the project or the community. I see no reason to participate on those polls. It seems that other community members see it that way, too.

This coin just cannot catch a break. Everytime the overall marketcap takes a dump, nem sheds more sats. It just can't seem to gain any ground with the market being the way it is. It's pretty disappointing. I know many of the others are losing ground as well, but nem is the only one outside the top 10 and down at #15 now.

in Telegram the last information regarding the Model T is that it´s being worked on/ finalized right now. Shouldn't take long to being available

NEM to Launch Closed Beta of Catapult Blockchain Engine
Closed engine’s preview for developers will demonstrate the technology, which will first be used in private networks, and then in the public blockchain of NEM

I just tested the nanowallet with the trezor integration and I have to say it feels good to have this extra layer of protection.

Will be testing a bit more over the next few days, but one thing I noticed was that it doesn't support trezor T yet. Is this something on the NEM side or on the trezor side? I think its NEM as the pop up window asks for manual input with the trezor one so it appears it doesnt support the touch input from the T.

Hello all! There is so much news! And some new topics of discussion here.
I don't know where to start! I will try my best to keep some direction in the rant upcoming:

I'll start with the rough stuff.

The great news about ProximaX, then Catapult, has somehow turned into FUD. Blame Jaguar's comments, blame the timing of the news release, blame the troll organizations working against us. I'll try to break down my viewpoint.

There is still a lot of confusion for the "average joe" when first reading into NEM. The following topics tend to muddle up the mind:
NEM, XEM, NEM Catapult, Mijin, Mijin Catapult, Tech Bureau, NEM Foundation, Open Source, Commercial License

1. Tech Bureau designed and built Mijin. Mijin is a private blockchain that can communicate with the NEM public blockchain, which is managed by NEM Foundation.
2. Catapult is the codename for major upgrade to Mijin blockchain.
3. NEM public blockchain will upgrade with Catapult code once it is thoroughly tested (Currently only used on Mijin)
4. The code in "Catapult" will be available to the public as open-source software once private testing is completed.
5. Businesses, Banks, Large Enterprise, (or anyone, really) can purchase a commercial license for the software, allowing them to modify it for business purposes, as well as receive setup and support from Tech Bureau.
6. XEM is the unit of measure that the public blockchain, NEM, utilizes.

With that said, I'll address some questions, whether they were asked here or not:
1. Catapult code is not currently available to the public. This prevents others from stealing ideas from it. It does NOT mean that there are problems with it, that it can't fill it's promises, or that it's not being developed, or .
2. Mijin is NOT a competitor to NEM. In fact, it lends important strength and function to NEM. Mijin allows businesses to keep private data private, and public data public, and minimizes the block-size and traffic of the public chain, by NOT including private information within it.
3. The availability of a commercial license does NOT mean that one can "buy" better code, or that other "good stuff" is not available on public chain, but only available upon paying for a commercial license. This means that nobody can legally fork the blockchain, or otherwise take the project in a different direction.
The commercial license available for Mijin actually provides important funding for it's development.
4. XEM is NOT going away or changing once Catapult is implemented. There is no swap, airdrop, burn, etc. XEM is XEM.
5. The specs of Mijin on Catapult are not a direct translation to the specs of NEM on Catapult. There is no guarantee of hitting 4k transactions per second on the public ledger, tho the codebase can handle it. 4k TPS is reported to be achieved on private ledger, but if that is not standard on public ledger, it does NOT mean that NEM (public ledger) will be slow or inferior in any way.
6. Transactions on NEM public ledger are already VERY FAST! Compare transaction times to most other cryptos, - I mean real world tests you can do yourself - and you will see that even without Catapult upgrade, sending XEM and/or mosiacs is extremely fast!
Actual transaction speeds on the public ledger will vary with network status: Number of nodes, super nodes, traffic, etc.

Now with that out of the way: Jaguar's comments.
However you feel about them, it does highlight some disconnection.
I used this analogy elsewhere. Although it is simplistic, I think it's fitting enough. There is Development, Management, and the Community. The Brains, Lungs, and Heart. 
All parts need to be in sync, or the entire beast suffers. I am NOT saying that the community has no brains, or the management no heart. But that we all play different roles. We need to understand, respect, and encourage those differing roles.

1. Development is coming along nicely with NEM, as well as projects built upon it. Devs are busy Developing. They are not hanging out on the forums or chatting it up with media. This interview with Jaguar is quite uncommon. And I'm sure his comments were more directed towards day traders with no interest in projects, but only in profiting from them.
2. Management has been organizing events all over the world. It seems like everyday I hear about a new blockchain center, Management meeting with another large business executive or government official, etc
NEM Foundation has a planned spending of $40 million in marketing this summer. There hasn't been much marketing happening now, because it really isn't best decision to market something until the timing is right.
3. The community has been banding together and becoming more active. Volunteering for things, organizing meetups, discussing here on the forums, etc.

I don't mean to blather about "good deeds" I've done, but I think talking about my own activities might encourage others. I am not paid. I do everything I do for free, but do accept donations. (see my signature)
1. In the past 48 hours or so, I helped 6 people set up NanoWallet and make their first transactions. Two of them didn't speak English, so I was using translator. One of them didn't know how to extract files from an archive (requiring extra coaching, beyond NEM stuff)
2. In the same 48 hours, I introduced NEM to a developer who is now learning how to build upon NEM chain instead of ETH. I'm not a developer, but I took the time to find the information that I needed to answer his questions and grow his interest.
3. I've reviewed, rated, recruited for, and promoted projects built on NEM. 
4. I share NEM related stuff on social media, and talk about it to friends, family, and nearly anyone who will listen.
5. Myself and others started a small group of like-minded individuals to help promote NEM on crypto media channels.
6. I created a mind-map of NEM projects, giving visual reference to otherwise "boring looking" information.
7. I'm currently working on lots of stuff NEM related. Including typing this long forum response.

The page you linked says: "Mijin, NEM’s permissioned ledger can ensure over 4,000 tps and supports full interaction with NEM." while Jag said "The Catapult public chain will support higher TPS than the NEM public chain...".

I don't see any contraddiction

in fact MIJIN release of catapult is much more important then NEM

at mijin many companies develop blocklchain application on top of it
and they need the updated mijin code with the new structure so they can continue developing their solutions

NEM itself didnt run into any bottleneck that need a fast catapult release
we have time wait a few more months or even a year

way more important is any company that jump on MIJIN is a future customer of NEM
as the global extension and connection towards outside company blockchain world

well, this is a night of ambiguous and food for thoughts giving sentences

If trying to conclude some explanations from this one, here are few :
 1 - your friend did not like hitbtc and wanted to make a protest against it: rather "burn" XEMs than giving the fee to hitbtc
 2 - that was the last thing your friend did, before becoming an ex
 3 - new transfer operations have been taken in use, when catapult news hit the exchanges
 4 - ___________________________________
 5 - _____________________________________

CATAPULT Q&A: An exclusive interview with NEM Lead Core Developer Jaguar0625 following the recent Beta launch of Catapult. Read more:  http://bit.ly/Jaguar0625-Inteview 
https://twitter.com/emurgo_io/status/977968364537634817

My friend bought nem on hitbtc, when he wanted to withdraw hitbtc did not send it out to the address but deleted ammount on his hitbtc account

My pleasure. And well done for being you.

I think the seemingly infinite mindlessness of crypto folks is what'll do me in eventually rather than financial triumph or ruin.

Thank you for comprehending full sentences .

The social media / outreach strategy currently being executed by the foundation certainly leaves room for improvement. Hopefully, it will get fixed.

Community web site do not work ((

What hell is up with people and their inability to digest simple groupings of words?

Direct quote from the very same page - Mijin, NEM’s permissioned ledger can ensure over 4,000 tps and supports full interaction with NEM

You can easily test a private chain. There's never been a figure for public Catapult because they don't know yet because it's, y'know, dependent on thousands of strangers. 100 tps has been thrown around as a ballpark.  

Yeah that is harsh indeed.

They should look in the mirror themselves as well.

They are NOT building a community at all. They don't respond to questions on this forum, facebook, the NEM forum or Twitter.

So basically ignoring us.

Worse thing you can do if you want to build a positive community and that pisses me off big time.

A community manager can easily manage 5 social media profiles and interact with the people

What makes a group of people a community?

NEM lead dev asks:
"Do we have a community?
Aside from certain pockets, especially in Japan, it seems like the “community” is just a bunch of speculators.
The fixation on price and exchange availability is deeply troubling to me."