https://www.o.info/index.php/How_to_issue_a_cryptosecurity#NEM
By the this needs to be updated, especially the open source part?
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1806. (Read 2985265 times)
I would remove all NEMstake SELL orders as the NXT thief may use it as a gateway to cashout of NXT.
i dont think thats doable some how.. removal of orders will only drive price higher and then entice others to sell for the higher price.. as long as there are legitimate orders.. there will be a market. if he put in buy orders of 100k nxt per nem stake.. people will sell..
The "hacker" could list buy orders offering 500K NXT and I still wouldn't sell and neither would most of us. Especially after the repeating fiasco with NXT, from the brute forcing of wallets in 2013, when the distribution became known, the prior exchange thefts, DGEX thefts, John Manglotivetti, Blue Meanie, Klee's Hacker, Txt Coins now and this current BTer fiasco - no way I am exchanging my valuable NEM for worthless NXT.
If I have to give credit to NXT is their somehow magical ability to sweep all the bad things which happened under the rug and people are none the wiser (the ones who know.. Stockholm Syndrome?)
That and their second magical ability is spamming the NEM thread with their CfA / CfB / Wtf his name sock account.
I would remove all NEMstake SELL orders as the NXT thief may use it as a gateway to cashout of NXT.
https://nxtforum.org/alternate-cryptocurrencies/nemstake-discussion/msg83003/#msg83003
Ok CfB / CfA sockpuppet FUD troll
You know how many people read his post he only made a hour ago? Practically nobody as everyone is reading the other threads and only someone like him would race to the NEM thread to try to spread the most illogical sort of FUD.There isn't even enough sell orders on NEMstake to facilitate $10K yet alone $2 million (the amount the supposed hacker stole). A quick count (not busting out the calculator to count these decimals) is like 10 stakes for sale on the NEMstake (1% of the tradeable 1000 NEMstakes).
The most vulnerable asset would likely be Coinomat which has at least 1/3rd of its' quantity listed for sale. How about you go fud them, CfB / CfA?
I would remove all NEMstake SELL orders as the NXT thief may use it as a gateway to cashout of NXT.
Who is everyone? The three Qora shills on this forum who are always bringing up Qora in every thread, even though most regard it as being a dying $hitcoin? Ora gets more attention than Qora and Ora is a fork, shame on Qora. Don't embarrass yourself by coming out of that rabbit hole to troll a coin that's not in your league (NEM is way beyond your petty stuff). If you're going to troll somebody (in your league of dying bagholder coins) then it's Quark coin, you and digital industry can go sit in a circle and sing kumbaya with the Kangaroos.
By the way, the stakeholder list is available and 1200 people on that list are veteran members of Bitcointalk who regularly post. The rest are newer accounts and inactives. Hypothetically if the non-veterans were socks, a distribution of 1200 beats a distribution of 3 people as per Qora. In before you claim Qora has 100-something, you do realize 3000 is bigger than 100 right or did you fail elementary math? Even 1200 is bigger than 100.
Hell in theory 2500 stakeholders could be sockpuppets and NEM would still have a better distribution than every crypto to date (exception being NODE). Even though in practice both NEM and NODE went through extensive taint analysis and the results were similar (as in busted sock masters, with more than 2 stakes, were otherwise rare in the overall distribution and then they got removed. Nobody gamed a distribution back in January when both coins at the time were worthless forks of NXT, but in months after went onto new code, concepts and innovations and ceased being forks).
NXT coin, although to beat a dead horse, had 8 wallets take 5% each for a total of 40%. Just to match the distribution of one of those people, you would have to create 200 sockpuppets in NEM - that's 200 times of bypassing taint analysis, bypassing the anti-spam features on this forum and hoping you don't get subnet banned for spamming account creation on BTT - not some something a sane person is going to bother with just to get 5% of a coin back in January which was originally a worthless fork.
Retrospective knowledge doesn't apply in real life. If only I knew back in January that NEM would be promising is like if only I knew back in 2009 that Bitcoin would be $10 billion or if I knew the winning $500 million power ball numbers.
By the way, the stakeholder list is available and 1200 people on that list are veteran members of Bitcointalk who regularly post. The rest are newer accounts and inactives. Hypothetically if the non-veterans were socks, a distribution of 1200 beats a distribution of 3 people as per Qora. In before you claim Qora has 100-something, you do realize 3000 is bigger than 100 right or did you fail elementary math? Even 1200 is bigger than 100.
Hell in theory 2500 stakeholders could be sockpuppets and NEM would still have a better distribution than every crypto to date (exception being NODE). Even though in practice both NEM and NODE went through extensive taint analysis and the results were similar (as in busted sock masters, with more than 2 stakes, were otherwise rare in the overall distribution and then they got removed. Nobody gamed a distribution back in January when both coins at the time were worthless forks of NXT, but in months after went onto new code, concepts and innovations and ceased being forks).
NXT coin, although to beat a dead horse, had 8 wallets take 5% each for a total of 40%. Just to match the distribution of one of those people, you would have to create 200 sockpuppets in NEM - that's 200 times of bypassing taint analysis, bypassing the anti-spam features on this forum and hoping you don't get subnet banned for spamming account creation on BTT - not some something a sane person is going to bother with just to get 5% of a coin back in January which was originally a worthless fork.
Retrospective knowledge doesn't apply in real life. If only I knew back in January that NEM would be promising is like if only I knew back in 2009 that Bitcoin would be $10 billion or if I knew the winning $500 million power ball numbers.
+1
I've been into crypto since Bitcoin in 2010 (I had another BTT account before this one that I lost because I quit coming here for a long time). I've dedicated a large portion of my life the past 4 years researching cryptocurrencies and examining trends in this market. I have experience trading financial assets. I don't claim to be an expert, but I can almost guarantee I know more about the cryptocurrency landscape than 90% of the users on this forum simply because I've been in this space longer and I've spent so much time studying and researching it. As you can see, I'm a senior member of this forum with many posts under my belt and I have chosen NEM as my one and only crypto. I have zero interest in Bitcoin or any other cryptocurrency at this point in time.
Bitcoin, in my opinion, will not be the cryptocurrency that ushers us into the next era of global finance. Many other very influential and powerful people agree with me (Mark Cuban comes to mind). There is a reason why I've chosen to back NEM and that's because right now, in the current state of the crypto landscape, it stands out above and beyond the competition as the coin with the most potential to succeed. Will this change in the weeks and months and years to come? Perhaps. Nobody can predict the future. But as it stands right now, NEM is miles ahead of any other cryptocurrency offering and it's only in alpha.
The dev team has proven to be competent as we can all see from the open alpha, the community has proven to be capable of handling large-scale decision-making (with some hiccups here and there of course, which are to be expected), and if the development pipeline is adhered to there is just no competition for NEM right now. Of course I say this as a stakeholder, but I have absolutely zero intention to sell my stake EVER. NEM is the cryptocurrency I plan to use as my primary form of currency when the cryptocurrency revolution comes into full swing, which it will in the very near future.
Trolls are going to troll, but it's obvious that the only reason a troll would exist in the first place is because there is an incentive to cause harm. The reason there are trolls is because of fear and regret. Fear at the thought of not being able to get in on something that very well may change the world and go down in history forever and regret that they were hesitant to get involved and did not act sooner. The funny thing about trolls in cryptocurrency is that anyone "in the know" is aware that the more trolls there are, the better because that means people feel that there is an incentive to bring down the value which in turn means that they secretly think that the coin will be a major success. There literally is no other reason for a troll to bother wasting their time if they did not think that was the case.
I've seen it before and I know we will see it again, but any time you see trolls start to come out in crypto land that is, to me, an extremely bullish signal. So keep on trolling guys, you're only doing us a favor.
+1
Rabbiter , do yourself a favour and join us....sell yir qora (shit anyway)....and get with a winning team. We will forgive you your last comments cos thats the sort of guys we are.....lol....
Who is everyone? The three Qora shills on this forum who are always bringing up Qora in every thread, even though most regard it as being a dying $hitcoin? Ora gets more attention than Qora and Ora is a fork, shame on Qora. Don't embarrass yourself by coming out of that rabbit hole to troll a coin that's not in your league (NEM is way beyond your petty stuff). If you're going to troll somebody (in your league of dying bagholder coins) then it's Quark coin, you and digital industry can go sit in a circle and sing kumbaya with the Kangaroos.
By the way, the stakeholder list is available and 1200 people on that list are veteran members of Bitcointalk who regularly post. The rest are newer accounts and inactives. Hypothetically if the non-veterans were socks, a distribution of 1200 beats a distribution of 3 people as per Qora. In before you claim Qora has 100-something, you do realize 3000 is bigger than 100 right or did you fail elementary math? Even 1200 is bigger than 100.
Hell in theory 2500 stakeholders could be sockpuppets and NEM would still have a better distribution than every crypto to date (exception being NODE). Even though in practice both NEM and NODE went through extensive taint analysis and the results were similar (as in busted sock masters, with more than 2 stakes, were otherwise rare in the overall distribution and then they got removed. Nobody gamed a distribution back in January when both coins at the time were worthless forks of NXT, but in months after went onto new code, concepts and innovations and ceased being forks).
NXT coin, although to beat a dead horse, had 8 wallets take 5% each for a total of 40%. Just to match the distribution of one of those people, you would have to create 200 sockpuppets in NEM - that's 200 times of bypassing taint analysis, bypassing the anti-spam features on this forum and hoping you don't get subnet banned for spamming account creation on BTT - not some something a sane person is going to bother with just to get 5% of a coin back in January which was originally a worthless fork.
Retrospective knowledge doesn't apply in real life. If only I knew back in January that NEM would be promising is like if only I knew back in 2009 that Bitcoin would be $10 billion or if I knew the winning $500 million power ball numbers.
By the way, the stakeholder list is available and 1200 people on that list are veteran members of Bitcointalk who regularly post. The rest are newer accounts and inactives. Hypothetically if the non-veterans were socks, a distribution of 1200 beats a distribution of 3 people as per Qora. In before you claim Qora has 100-something, you do realize 3000 is bigger than 100 right or did you fail elementary math? Even 1200 is bigger than 100.
Hell in theory 2500 stakeholders could be sockpuppets and NEM would still have a better distribution than every crypto to date (exception being NODE). Even though in practice both NEM and NODE went through extensive taint analysis and the results were similar (as in busted sock masters, with more than 2 stakes, were otherwise rare in the overall distribution and then they got removed. Nobody gamed a distribution back in January when both coins at the time were worthless forks of NXT, but in months after went onto new code, concepts and innovations and ceased being forks).
NXT coin, although to beat a dead horse, had 8 wallets take 5% each for a total of 40%. Just to match the distribution of one of those people, you would have to create 200 sockpuppets in NEM - that's 200 times of bypassing taint analysis, bypassing the anti-spam features on this forum and hoping you don't get subnet banned for spamming account creation on BTT - not some something a sane person is going to bother with just to get 5% of a coin back in January which was originally a worthless fork.
Retrospective knowledge doesn't apply in real life. If only I knew back in January that NEM would be promising is like if only I knew back in 2009 that Bitcoin would be $10 billion or if I knew the winning $500 million power ball numbers.
+1
I've been into crypto since Bitcoin in 2010 (I had another BTT account before this one that I lost because I quit coming here for a long time). I've dedicated a large portion of my life the past 4 years researching cryptocurrencies and examining trends in this market. I have experience trading financial assets. I don't claim to be an expert, but I can almost guarantee I know more about the cryptocurrency landscape than 90% of the users on this forum simply because I've been in this space longer and I've spent so much time studying and researching it. As you can see, I'm a senior member of this forum with many posts under my belt and I have chosen NEM as my one and only crypto. I have zero interest in Bitcoin or any other cryptocurrency at this point in time.
Bitcoin, in my opinion, will not be the cryptocurrency that ushers us into the next era of global finance. Many other very influential and powerful people agree with me (Mark Cuban comes to mind). There is a reason why I've chosen to back NEM and that's because right now, in the current state of the crypto landscape, it stands out above and beyond the competition as the coin with the most potential to succeed. Will this change in the weeks and months and years to come? Perhaps. Nobody can predict the future. But as it stands right now, NEM is miles ahead of any other cryptocurrency offering and it's only in alpha.
The dev team has proven to be competent as we can all see from the open alpha, the community has proven to be capable of handling large-scale decision-making (with some hiccups here and there of course, which are to be expected), and if the development pipeline is adhered to there is just no competition for NEM right now. Of course I say this as a stakeholder, but I have absolutely zero intention to sell my stake EVER. NEM is the cryptocurrency I plan to use as my primary form of currency when the cryptocurrency revolution comes into full swing, which it will in the very near future.
Trolls are going to troll, but it's obvious that the only reason a troll would exist in the first place is because there is an incentive to cause harm. The reason there are trolls is because of fear and regret. Fear at the thought of not being able to get in on something that very well may change the world and go down in history forever and regret that they were hesitant to get involved and did not act sooner. The funny thing about trolls in cryptocurrency is that anyone "in the know" is aware that the more trolls there are, the better because that means people feel that there is an incentive to bring down the value which in turn means that they secretly think that the coin will be a major success. There literally is no other reason for a troll to bother wasting their time if they did not think that was the case.
I've seen it before and I know we will see it again, but any time you see trolls start to come out in crypto land that is, to me, an extremely bullish signal. So keep on trolling guys, you're only doing us a favor.
Wow, I go away for a couple of days and things really start to explode. I can't say enough how excited I am about this coin. We really have an opportunity to change the world for the better here everyone. This is our chance to make a positive difference in the world not only for ourselves but for all citizens of the world. We are truly involved in something special here I just know it.
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
+1 NEM will have great opportunity to change all the "flaws" in other cryptos and start a new era !
If you really believe that can I suggest you seek psychiatric help.
Why not?.....it does have an OPPORTUNITY...to do so. Can you give us a FLAW that NEM has? Im no expert but I recognise lots of flaws in other alt- coins.
umm because there are about 500 crypto currencies and there is about 20 that do exactly the same as NEM does. fair distribution my ass, everyone knows the coin is held by mainly sockpuppets.
uuummmmm I think we all agree that at least 95% of that 500 number are hopeless.
20 do 'exactly' the same as NEM. ummmm factually incorrect.
'everyone knows the coin is held by mainly sockpuppets'. uummmm after wave upon wave of auditing that subject has been laid to rest. Everybody accepts that the distribution was fair and nobody even mentions it anymore apart from YOU as you have came here to troll.
Who is everyone? The three Qora shills on this forum who are always bringing up Qora in every thread, even though most regard it as being a dying $hitcoin? Ora gets more attention than Qora and Ora is a fork, shame on Qora. Don't embarrass yourself by coming out of that rabbit hole to troll a coin that's not in your league (NEM is way beyond your petty stuff). If you're going to troll somebody (in your league of dying bagholder coins) then it's Quark coin, you and digital industry can go sit in a circle and sing kumbaya with the Kangaroos.
By the way, the stakeholder list is available and 1200 people on that list are veteran members of Bitcointalk who regularly post. The rest are newer accounts and inactives. Hypothetically if the non-veterans were socks, a distribution of 1200 beats a distribution of 3 people as per Qora. In before you claim Qora has 100-something, you do realize 3000 is bigger than 100 right or did you fail elementary math? Even 1200 is bigger than 100.
Hell in theory 2500 stakeholders could be sockpuppets and NEM would still have a better distribution than every crypto to date (exception being NODE). Even though in practice both NEM and NODE went through extensive taint analysis and the results were similar (as in busted sock masters, with more than 2 stakes, were otherwise rare in the overall distribution and then they got removed. Nobody gamed a distribution back in January when both coins at the time were worthless forks of NXT, but in months after went onto new code, concepts and innovations and ceased being forks).
NXT coin, although to beat a dead horse, had 8 wallets take 5% each for a total of 40%. Just to match the distribution of one of those people, you would have to create 200 sockpuppets in NEM - that's 200 times of bypassing taint analysis, bypassing the anti-spam features on this forum and hoping you don't get subnet banned for spamming account creation on BTT - not some something a sane person is going to bother with just to get 5% of a coin back in January which was originally a worthless fork.
Retrospective knowledge doesn't apply in real life. If only I knew back in January that NEM would be promising is like if only I knew back in 2009 that Bitcoin would be $10 billion or if I knew the winning $500 million power ball numbers.
By the way, the stakeholder list is available and 1200 people on that list are veteran members of Bitcointalk who regularly post. The rest are newer accounts and inactives. Hypothetically if the non-veterans were socks, a distribution of 1200 beats a distribution of 3 people as per Qora. In before you claim Qora has 100-something, you do realize 3000 is bigger than 100 right or did you fail elementary math? Even 1200 is bigger than 100.
Hell in theory 2500 stakeholders could be sockpuppets and NEM would still have a better distribution than every crypto to date (exception being NODE). Even though in practice both NEM and NODE went through extensive taint analysis and the results were similar (as in busted sock masters, with more than 2 stakes, were otherwise rare in the overall distribution and then they got removed. Nobody gamed a distribution back in January when both coins at the time were worthless forks of NXT, but in months after went onto new code, concepts and innovations and ceased being forks).
NXT coin, although to beat a dead horse, had 8 wallets take 5% each for a total of 40%. Just to match the distribution of one of those people, you would have to create 200 sockpuppets in NEM - that's 200 times of bypassing taint analysis, bypassing the anti-spam features on this forum and hoping you don't get subnet banned for spamming account creation on BTT - not some something a sane person is going to bother with just to get 5% of a coin back in January which was originally a worthless fork.
Retrospective knowledge doesn't apply in real life. If only I knew back in January that NEM would be promising is like if only I knew back in 2009 that Bitcoin would be $10 billion or if I knew the winning $500 million power ball numbers.
Wow, I go away for a couple of days and things really start to explode. I can't say enough how excited I am about this coin. We really have an opportunity to change the world for the better here everyone. This is our chance to make a positive difference in the world not only for ourselves but for all citizens of the world. We are truly involved in something special here I just know it.
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
+1 NEM will have great opportunity to change all the "flaws" in other cryptos and start a new era !
If you really believe that can I suggest you seek psychiatric help.
Why not?.....it does have an OPPORTUNITY...to do so. Can you give us a FLAW that NEM has? Im no expert but I recognise lots of flaws in other alt- coins.
umm because there are about 500 crypto currencies and there is about 20 that do exactly the same as NEM does. fair distribution my ass, everyone knows the coin is held by mainly sockpuppets.
That is due to arbitrage / mitigation strategies. Volume has dried up in NXT due to the current ongoing fiasco and the exchanges are being wonky about NXT. NXT is also declining in price. So the only place left to move funds (without worsening the crisis) is into assets and try to mitigate your current losses.
NEMstake, Multigateway, Ora. Multigateway is an experimental new kind of exchange. NEMstake and Ora are receiving attention as they're later convertible to other coins.
The thing about the asset exchange is many of those sell walls have been listed on there for days, weeks and even months - so their owners have no clue what happened today (or haven't rescinded their listings yet) and you could consider those assets to be "cheap buys".
Right now it's just a few people who are doing this stealthy. I would classify them as a minority of smart holders who are stealthy maneuvering their chess pieces while the masses are still in panic mode / rabble mode over the current news or haven't heard about it yet.
I suspect in the coming hours and days, when NXT continues to drop in price and NEM / Multi / Ora / Nxtty goes up, more people will realize what is happening and will join in.
I see it as a simple A and B option. A - you stay in NXT and withstand the waves and lose up to 50% in $Fiat. B - you move into NXT assets and minimize your losses or even increase your holdings in $Fiat
NEMstake, Multigateway, Ora. Multigateway is an experimental new kind of exchange. NEMstake and Ora are receiving attention as they're later convertible to other coins.
The thing about the asset exchange is many of those sell walls have been listed on there for days, weeks and even months - so their owners have no clue what happened today (or haven't rescinded their listings yet) and you could consider those assets to be "cheap buys".
Right now it's just a few people who are doing this stealthy. I would classify them as a minority of smart holders who are stealthy maneuvering their chess pieces while the masses are still in panic mode / rabble mode over the current news or haven't heard about it yet.
I suspect in the coming hours and days, when NXT continues to drop in price and NEM / Multi / Ora / Nxtty goes up, more people will realize what is happening and will join in.
I see it as a simple A and B option. A - you stay in NXT and withstand the waves and lose up to 50% in $Fiat. B - you move into NXT assets and minimize your losses or even increase your holdings in $Fiat
I really like how this looks...
The flaw NEM has, is that it is not owned in such amount by rabbiter as his beloved Qora, 
dont take him seriously.
dont take him seriously.Thought he was just ' rabbiting'.
http://www.youtube.com/watch?v=i1fOZjiDaw4&sns=em
The flaw NEM has, is that it is not owned in such amount by rabbiter as his beloved Qora, dont take him seriously.
dont take him seriously. Wow, I go away for a couple of days and things really start to explode. I can't say enough how excited I am about this coin. We really have an opportunity to change the world for the better here everyone. This is our chance to make a positive difference in the world not only for ourselves but for all citizens of the world. We are truly involved in something special here I just know it.
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
+1 NEM will have great opportunity to change all the "flaws" in other cryptos and start a new era !
If you really believe that can I suggest you seek psychiatric help.
Why not?.....it does have an OPPORTUNITY...to do so. Can you give us a FLAW that NEM has? Im no expert but I recognise lots of flaws in other alt- coins.
Wow, I go away for a couple of days and things really start to explode. I can't say enough how excited I am about this coin. We really have an opportunity to change the world for the better here everyone. This is our chance to make a positive difference in the world not only for ourselves but for all citizens of the world. We are truly involved in something special here I just know it.
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
+1 NEM will have great opportunity to change all the "flaws" in other cryptos and start a new era !
If you really believe that can I suggest you seek psychiatric help.
I also hope NEM is immune to this kind of attacks due to POI algorithm.
I'm no expert on that but I think with a large enough amount NEM would also be vulnerable.
You see POI still also uses POS as one factor. There are other factors but a huge amount will still boost your importance. POI adds other means of gaining havesting power but it doesn't completely remove POS.
sorry for being noob, but can someone lose his NXT because of rollback? or is it only about awaiting price decline?
Hacker with 5% of NXT could easily harm the coin, dump the price, mess with AE and etc. There is a real concern about possible damage.
It's a lot of dough but it's nothing compared to the 30% of vericoin that were stolen from mintpal.
Vericoin had to rollback because the network would have been vulnerable. 5% of NXT won't endanger the network so a rollback would have been necessary purely to help Bter.
But as far as i have understood, 50M of NXT were not owned by BTER and that rollback would if done, just affect those transfers concerning accused in the theft.
Wow, I go away for a couple of days and things really start to explode. I can't say enough how excited I am about this coin. We really have an opportunity to change the world for the better here everyone. This is our chance to make a positive difference in the world not only for ourselves but for all citizens of the world. We are truly involved in something special here I just know it.
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
Thank you again to everyone who is working so hard to make all of this possible. I am limited in my abilities but I am trying to do all I can to spread the word about NEM to everyone I know and I will be giving many of my NEM away to friends and family when I receive my stake so that we can all enjoy the great benefits that NEM will bring to the world.
Let's all stay positive and continue working together to create a bright future for all of humanity through financial freedom and begin creating the global society that I think is currently in the making.
Long live NEM!
Great comment.....!!!!!!!! ........you can just feel things getting really underway....there is POWER behind this movement and I also am spreading the word as much as possible.....and a Great update xtester, your good at that..!!!!!!
sorry for being noob, but can someone lose his NXT because of rollback? or is it only about awaiting price decline?
Hacker with 5% of NXT could easily harm the coin, dump the price, mess with AE and etc. There is a real concern about possible damage.
It's a lot of dough but it's nothing compared to the 30% of vericoin that were stolen from mintpal.
Vericoin had to rollback because the network would have been vulnerable. 5% of NXT won't endanger the network so a rollback would have been necessary purely to help Bter.
From what you said here it seems that all POS coins all vulnerable to such attacks due to centralization of the funds on exchanges. To avoid this scenario it would be best for NEM to get on as many exchanges as possible from beginning or not get to any exchange never and be traded only in some kind of decentralized way.
I also hope NEM is immune to this kind of attacks due to POI algorithm.
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