Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1804. (Read 2985265 times)

Well I will tell you one thing, if we don;t launch in September...

When you're dealing with currencies not backed by anything, yeah, this is quite common. As crypto's are taken more seriously (Especially with the arrival of non-PoW currencies) i think prices will rise and thus stabilize as time goes on. Even better if there's some backing from the precious metal communities.

However, even a little bit of experience tells you that provided the drop is not caused by something serious - say, faulty code or an exploit in said code - no doubt ,the coin will bounce back. Most do.


These are but minor ripples in the ocean that is crypto. The problem is people let panic and fear effect their judgement far too much - they get preoccupied with the more immediate and obvious trivialities and don't broaden their view outward.

Hi twistelaar,

Please check the updated OP. You should be able to redeem the token for real NEM at launch.

Thanks, when is the official launch and can I still use the token then?

Your token should be in your account already for almost a week.

Patmaster en XTESTER I send you a message to claim my token, can you please respond?? thanks

lol thanks good thing. I know you rich man lol thanks received. trying to send some out

Sent 

Sorry wrong address. I changed my address on signature.

did all the test coin vanish.

My test coins are gone. hook me up guys

The same thing will happen to the world's fiat someday.

It's suffering because people are stupid. People are selling because they are afraid others will sell and those people only sell for the same reason. It's a self-fullfilling prophecy.

it was a blunder of Exchange and because of that Coin is suffering   

It will bounce back. Markets are a funny thing.

Free fall   

https://i.imgur.com/vqK6ZYb.png

Fortunately patmast3r found out about the scam after only 6 stakes were lost, so we were pretty lucky. It does seem weird that the thief hasn't tried to do anything with the stakes yet. Hopefully they will get bored and send them back to pat.

We have the info in the OP with big letters in red.

Will update that other section as well thought.

Edit: Done.

Hi all, as I know open source for NCC is ready-so ...why we have this info on our OP ?

Open Source NEM Community Client                - raw estimate: August 2014

When people had time to analyze the situation it turned out not to be a big deal.  It was only 0.0015% (less than 1%) of the supply and the person who scammed the stakes has not, last I check (which was a month plus after the event), even attempted to sell.

Strangely echos a lot of "hacks" and thefts in the crypto community, in that the person who takes the funds strangely doesn't sell or try to do anything with it.  It's more like the thefts are being done for the public image damage and not for monetary gain.  Starting to sound like a tin hatter but I could be on to something here.  

It's actually minimal compared to all the rampant thefts and hacks in the crypto community.

I'm sure you are familiar with the recent BTer theft which led to one coin to lose 5% of its' total supply and 60% of its' volume.   Bitcoin supposedly lost 7% through MtGox (although I'ld have to check that number again for verification).  These things are rather common place.

Losing 0.0015% of a coin is no  big deal in comparison.  

I am concerned about exchange security but I'm not sure what can be done to alleviate this except through more people embracing new innovations like the Multigateway

http://multigateway.org/

I haven't had a chance to use itself but, if their rhetoric is true, then the idea of a centralized third party exchange is done

(unless you need to convert into $Fiat but how many people on BTer were actually withdrawing Yauns?  Especially when we know these people who said they lost money and they were from USA / Germany / Italy / Russia?  Why does someone in USA or Europe need Chinese Yauns?!)