Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1771. (Read 2985503 times)

Thank you for your help. This is what sets NEM apart, very kind of you all to answer. Just bought another 0.1 haha...

And speaking of the asset exchange, it looks like there is some buying pressure on NEMstake today. I wonder if we will go above the old historical highs soon? :O

Yes that is correct. With the way the NXT asset exchange works, once you purchase an asset it is yours and yours only. When it comes time to redeem your asset for your actual NEM, you will return the asset to the issuing account and in return you will get your NEM coins into your NEM wallet. All of this can be done within the NXT wallet so it's pretty easy. Again, once you buy the NEMstake asset it will show up in your NXT wallet as YOUR asset so there is no risk of anyone not giving up their stake when it comes time to redeem.

As far as I know, that 0.1 is yours and only yours.  Once they sold it, they gave up all rights to redeem it.  Even if they don't touch their other 0.9, you will still be okay.  You will be redeeming your 0.1 directly and it won't involve the person that sold it to you. 

Hopes this coin will be a good coin

thanks!!!

perfect!
finally we get the real coins.

I have another odd question. Is it possible for the owner of the stake portion I purchase on the AE to disappear? What if they never claim their stake, will I still receive my 0.1 stake portion even if the owner defaults?

I would like to use it sometime on Facebook.

Originally, I wasike your friend and thought it as only for bad purposes. Now I realize it's a much needed feature to protect our rights from future tech companies. The amount of data and profile and therefore insights into the smallest details of your life have been gathered by Facebook and Google. Were you able to know just exactly the implications of this, it might be sickening. For most of us it's too late, like myself. They have my data. People don't know how bad it is because it hasn't been abused yet so much, but just like iCloud and those celebrities that thought everything was safe, we might wake up and realize it wasn't. Anonymity is one way we can start to protect ourselves again, even the normally people that aren't really doing anything wrong.

http://www.bbc.com/news/technology-29032399

Just some light reading on the topic of anonymity... not crypto focused per se, but relevant I think as we talk about all of that stuff.

And for the record, I don't think anonymity is always about tax evasion, child predators, and drug transactions. Plenty of us pay our taxes and are law abiding citizens and still greatly care about the misuse of information about us.

Edit: I had an argument recently with a friend of mine recently where he seemed to imply anyone interested in Bitcoins was in to dark web stuff, and rejected it on moral grounds. Further, he stated that it was "mostly" used by dark web people. I see that absolutely changing. Look at bitshares X and tell me you see everyone rushing to it to use silk road. I said blockchains are like hammers, you can build a house or murder someone. I am not interested in banning hammers because some people will use them for murder. It is a tool used for good or evil, but morality shouldn't interject itself in a technology that can be use to secure the privacy and security of the citizen. Any good patriot will stand firm on their civil liberties. We can deal with social problems in other ways .

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."

Thanks. I can feel the momentum beginning to build a little and it's going to get crazy at launch.

Coins will be distributed during beta yes. Not on beta launch though since - like bloodyrookie said - it should be tested a week or two.

I think what people want to know is will coins be distributed at beta launch or official launch. I think I recall one of the other devs saying distribution would occur at beta and he mentioned that bitcoin was technically still in beta.

Awesome design! Love it!

Hopefully we can start the beta by the end of this month, but we need to test the beta as well, so launch will not be in september.

Don't worry, you are on the final list, line 980

Hi fellow Nemsters, please can somebody give me a heads up on what's happening. I was one of the first investors in NEM, i never claimed a stake as i just wanted to wait for the NEM coins themselves, but i just got sent the 4th NEM newsletter and my name is not on the final NEM stakeholders list?! Should i be concerned?

Assuming that NEM does not have those shortcomings of BTC, we need to imbue in everyone's mind that NEM is a platform solution and an ecosystem and not an altcoin per se. Nem Coins are fuel to the ecosystem.

Yup. Also, this video is an indicator of the state of Bitcoin:

https://www.youtube.com/watch?v=iMIzMVABFxQ#


My biggest concern is newcomers to bitcoin jumping onto the Bitcoin bandwagon, only to get royally screwed should it decide to collapse - if it does, any new coin (Including NEM) is going to have an extremely hard time gaining trust from the damage it would've caused.