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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 214. (Read 2984910 times)
February 07, 2018, 04:29:17 AM
February 07, 2018, 03:05:24 AM
Total transactions per second:
Visa: 24,000
Ripple (CCC: XRP-USD): 1,500
PayPal: 193
Bitcoin Cash (CCC: BCH-USD): 60
Litecoin (CCC: LTC-USD): 56
Dash (CCC: DASH-USD): 48
Ethereum (CCC: ETH-USD): 20
Bitcoin (CCC: BTC-USD): 7
https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)
Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second
Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.
Visa: 24,000
Ripple (CCC: XRP-USD): 1,500
PayPal: 193
Bitcoin Cash (CCC: BCH-USD): 60
Litecoin (CCC: LTC-USD): 56
Dash (CCC: DASH-USD): 48
Ethereum (CCC: ETH-USD): 20
Bitcoin (CCC: BTC-USD): 7
https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)
Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second
Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.
Now time for some fun facts that wikipedia won't tell you:
- a) in case of any problems visa is pushing responsibility onto the banks
- b) guess what, banks will push responsibility on you
- c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
glad you ask, well see a) and b) - d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
- e) there are many POSes, that do not require chip-based authorization
- f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
- g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros
So yeah, Heil VISA and let the banks live and prosper ❤️
Moreover, credit card issuers can easily block certain operations, like purchases of digital currency
https://twitter.com/coinbase/status/960726774391828481
But in the same way there are banks cooperating with exchanges too. So only the major ones are in fear and want to retain their power
February 07, 2018, 02:46:05 AM
so wich exchanges accept these xem's while wallets still seem online and not put in maintenance, i send to and not get them
same message, all affected but not all? coincheck issue i mean
wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?
same message, all affected but not all? coincheck issue i mean
wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?
Yes, I have also (another one) stuck with XEM deposit on Polo, it's really annoying. Some weeks ago, somebody here mentioned Abucoins.com exchange, so I used this twice and I have to say that everything is fine : Smooth and clear design, fast (and working!) deposit & withdrawals (another weird thing by Poloniex - they say about 18 confirmations, but it's pretty unclear, how they're counting this ... in fact confirmation [if everything goes well] is about 50-150 NEM blocks at all), relative high withdrawal limit (equivalent of 1BTC per day) without verification, etc. Just two issues should be improved in the future :
* very small trading volume (but there would be a benefit from the troubles of big exchanges) ;
* horrible high withdrawal fee for BTC (1000bits yet today, even if BTC fees are really pretty small now).
So, who wants, let's try it ... let's make together the trading volume there great again :-)
Abucoins has been listed in the public warnings of the Polish SEC equivalent (KNF) for "unauthorized activity in the provision of payment services or in the issuing of electronic money" https://www.knf.gov.pl/dla_konsumenta/ostrzezenia_publiczne. The bigger picture is that Polish SEC is strongly against crypto, and currently they are trying to discourage people from using crypto with aggressive actions against exchanges. They also put BitBay on the same list.
February 07, 2018, 02:16:05 AM
And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.
This state of affairs already really worries everyone. No one knows what can be done about it. How to relieve the total dependence of all altcoins on bitcoin?
It's similar to the stock market when the bears take over. Whenever the crypto-bears take over nearly every coin will drop.
Besides that a correction was really overdue given the insane rise within the last few months.
Furthermore, I guess in a few years bitcoin won't be the number one anymore (maybe ethereum, or NEM
) but this will not change the bull/bear effect.To get rid of the dependence of the bitcoin price is unequivocal. That's just who will replace it in the market. There is no stable guarantor that could satisfy our needs.
As long as sentiment drives the market, and the overall sentiment of crypto is gauged by Bitcoin, there is no escaping its shadow. It isn't necessarily a bad thing though. Bitcoin usually leads the way, and then people introduced to the space look at other projects. I would much rather that say institutional investors be able to hold NEM, for instance. That won't happen without Bitcoin leading the way first.
The price isn't determined by Bitcoin per se. Remember NEM outperformed Bitcoin last year, for example. However, the market sentiment is driven by Bitcoin. End of the day, NEM has to stand on its own feet, good and bad. Yes there will be volatility, but as long as people and projects are using the NEM blockchain and find utility in it, it should hold up its value. If not, it won't retain its value. Bitcoin can only do so much, up or down.
February 07, 2018, 01:57:16 AM
And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.
This state of affairs already really worries everyone. No one knows what can be done about it. How to relieve the total dependence of all altcoins on bitcoin?
It's similar to the stock market when the bears take over. Whenever the crypto-bears take over nearly every coin will drop.
Besides that a correction was really overdue given the insane rise within the last few months.
Furthermore, I guess in a few years bitcoin won't be the number one anymore (maybe ethereum, or NEM
) but this will not change the bull/bear effect.To get rid of the dependence of the bitcoin price is unequivocal. That's just who will replace it in the market. There is no stable guarantor that could satisfy our needs.
February 06, 2018, 08:18:04 PM
Hi everyone, i want to transfer my xem on my new trezor. The problem is that i really don't know how to do it. Is there any guide some where? Can anybody help me?
Thanks in advance.
Thanks in advance.
https://www.youtube.com/watch?v=nPi7Xzn5Tq0&feature=youtu.be
Waffle until 2.30
thank you for this link. I have a question: after i've login my nemwallet with my trezor, in the future i can access my nem wallet only with my trezor?
What I did was just add my Trezor account as co-signer to my existing multisig account. Then if I lose it, I can still sign using my cold storage wallet.
February 06, 2018, 05:39:09 PM
so wich exchanges accept these xem's while wallets still seem online and not put in maintenance, i send to and not get them
same message, all affected but not all? coincheck issue i mean
wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?
same message, all affected but not all? coincheck issue i mean
wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?
Yes, I have also (another one) stuck with XEM deposit on Polo, it's really annoying. Some weeks ago, somebody here mentioned Abucoins.com exchange, so I used this twice and I have to say that everything is fine : Smooth and clear design, fast (and working!) deposit & withdrawals (another weird thing by Poloniex - they say about 18 confirmations, but it's pretty unclear, how they're counting this ... in fact confirmation [if everything goes well] is about 50-150 NEM blocks at all), relative high withdrawal limit (equivalent of 1BTC per day) without verification, etc. Just two issues should be improved in the future :
* very small trading volume (but there would be a benefit from the troubles of big exchanges) ;
* horrible high withdrawal fee for BTC (1000bits yet today, even if BTC fees are really pretty small now).
So, who wants, let's try it ... let's make together the trading volume there great again :-)
February 06, 2018, 04:29:53 PM
Thanks for sharing info about vesting!
Yes as I understand this process is like staking in other cryptos (i.e. I'm staking Gridcoin because I like this crypto and don't expect much)
I'll be getting NEM anyway, but probably a bit later.
Yes as I understand this process is like staking in other cryptos (i.e. I'm staking Gridcoin because I like this crypto and don't expect much)
I'll be getting NEM anyway, but probably a bit later.
February 06, 2018, 03:04:44 PM
thank you! Just to be sure that i've understood right...the process is irreversible? So, if i connect my trezor to my nemwallet, there's no way to disconnect them? what happen if i lose my nem wallet.dat on my pc?
Everything is inside your Trezor and the account exists inside it the moment you install the firmware and note the seed. It creates a new account. There's no .wlt file. Everything is the Trezor seed. You're only using the computer to interface with the Trezor. Keep the seed safe and you'll be fine.
February 06, 2018, 03:02:41 PM
thank you for this link. I have a question: after i've login my nemwallet with my trezor, in the future i can access my nem wallet only with my trezor?
Correct. That's the idea.
If Trezor disappears or you lose yours and can't afford another one you can get a private key from the Trezor seed with this - https://github.com/saleemrashid/nem-trezor-standalone but obviously only do that if absolutely necessary and only on a very, very offline computer.
And then you can restore your XEM by opening a conventional private key nano wallet with that private key. There might be a nano seed wallet sometime, but there's no mention of it yet.
thank you! Just to be sure that i've understood right...the process is irreversible? So, if i connect my trezor to my nemwallet, there's no way to disconnect them? what happen if i lose my nem wallet.dat on my pc?
February 06, 2018, 02:05:25 PM
so wich exchanges accept these xem's while wallets still seem online and not put in maintenance, i send to and not get them
same message, all affected but not all? coincheck issue i mean
wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?
same message, all affected but not all? coincheck issue i mean
wich exchanges deposit this coin, or when tracking the coinS is done? huobi say just wait on the news from xem. their wallets working fine, coins tagged. etc.
bla bla who knows?
February 06, 2018, 12:13:52 PM
Im hoping that the price would be stable . NEM platform would be in full swing and should dapps adapt its platform, and this would drive developers swoop down and use it.
February 06, 2018, 12:09:08 PM
Total transactions per second:
Visa: 24,000
Ripple (CCC: XRP-USD): 1,500
PayPal: 193
Bitcoin Cash (CCC: BCH-USD): 60
Litecoin (CCC: LTC-USD): 56
Dash (CCC: DASH-USD): 48
Ethereum (CCC: ETH-USD): 20
Bitcoin (CCC: BTC-USD): 7
https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)
Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second
Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.
Visa: 24,000
Ripple (CCC: XRP-USD): 1,500
PayPal: 193
Bitcoin Cash (CCC: BCH-USD): 60
Litecoin (CCC: LTC-USD): 56
Dash (CCC: DASH-USD): 48
Ethereum (CCC: ETH-USD): 20
Bitcoin (CCC: BTC-USD): 7
https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)
Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second
Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.
Now time for some fun facts that wikipedia won't tell you:
- a) in case of any problems visa is pushing responsibility onto the banks
- b) guess what, banks will push responsibility on you
- c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
glad you ask, well see a) and b) - d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
- e) there are many POSes, that do not require chip-based authorization
- f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
- g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros
So yeah, Heil VISA and let the banks live and prosper ❤️
Moreover, credit card issuers can easily block certain operations, like purchases of digital currency
https://twitter.com/coinbase/status/960726774391828481
February 06, 2018, 11:52:57 AM
A great news that will get lost again in the current market situation. The good news stream keeps up.
The more I deal with and think about it, XEM is one of the best long term investments in blockchain space. Buy now at those cheap levels and then sell when XEM is again> $ 2.
The more I deal with and think about it, XEM is one of the best long term investments in blockchain space. Buy now at those cheap levels and then sell when XEM is again> $ 2.
BIG NEM NEWS
Japan’s First Online Bank Tests Blockchain Technology with mijin and Hyperledger
http://mijin.io/en/1370.html
Japan’s First Online Bank Tests Blockchain Technology with mijin and Hyperledger
http://mijin.io/en/1370.html
February 06, 2018, 11:41:57 AM
Total transactions per second:
Visa: 24,000
Ripple (CCC: XRP-USD): 1,500
PayPal: 193
Bitcoin Cash (CCC: BCH-USD): 60
Litecoin (CCC: LTC-USD): 56
Dash (CCC: DASH-USD): 48
Ethereum (CCC: ETH-USD): 20
Bitcoin (CCC: BTC-USD): 7
https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)
Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second
Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.
Visa: 24,000
Ripple (CCC: XRP-USD): 1,500
PayPal: 193
Bitcoin Cash (CCC: BCH-USD): 60
Litecoin (CCC: LTC-USD): 56
Dash (CCC: DASH-USD): 48
Ethereum (CCC: ETH-USD): 20
Bitcoin (CCC: BTC-USD): 7
https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)
Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second
Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.
Now time for some fun facts that wikipedia won't tell you:
- a) in case of any problems visa is pushing responsibility onto the banks
- b) guess what, banks will push responsibility on you
- c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
glad you ask, well see a) and b) - d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
- e) there are many POSes, that do not require chip-based authorization
- f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
- g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros
So yeah, Heil VISA and let the banks live and prosper ❤️
February 06, 2018, 09:43:22 AM
I sent xem to Huobi yesterday and got nothing.
Their support said:
google translated message:
What should i do now? Just wait but how long?
Xem price is going down, I wanted to trade it for usdt yesterday, but now my wallet is frozen
Their support said:
google translated message:
Quote
Due to an official announcement by NEM.io Foundation Ltd, the missing XEM from Japanese trading platform Coincheck was tracked and marked. NEM's blockchain network will be affected before processing is complete. To protect the user's assets, we immediately suspend the XEM recharge, to be restored after the official NEM official recharge. At the same time XEM's bills are not affected.
Original message:
由于NEM.io Foundation Ltd官方发出公告，对日本交易平台Coincheck丢失的XEM进行追踪和标记。在处理完成之前，NEM的区块链网络会受到影响。为保护用户资产，我们即刻起暂停XEM的充值，待NEM官方处理完后恢复充币。同时XEM的提币不受影响。
Original message:
由于NEM.io Foundation Ltd官方发出公告，对日本交易平台Coincheck丢失的XEM进行追踪和标记。在处理完成之前，NEM的区块链网络会受到影响。为保护用户资产，我们即刻起暂停XEM的充值，待NEM官方处理完后恢复充币。同时XEM的提币不受影响。
What should i do now? Just wait but how long?
Xem price is going down, I wanted to trade it for usdt yesterday, but now my wallet is frozen
Try Polo or other exchanges. Hopefully you find a way to panic sell and give others cheap XEM´s.
You probably bought in at 1-2$ rate?
XEM is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the XEM team. Any updates must be tested and audited before enabling.
Message on poloniex.
February 06, 2018, 08:46:25 AM
And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.
This state of affairs already really worries everyone. No one knows what can be done about it. How to relieve the total dependence of all altcoins on bitcoin?
It's similar to the stock market when the bears take over. Whenever the crypto-bears take over nearly every coin will drop.
Besides that a correction was really overdue given the insane rise within the last few months.
Furthermore, I guess in a few years bitcoin won't be the number one anymore (maybe ethereum, or NEM
) but this will not change the bull/bear effect. February 06, 2018, 08:09:51 AM
I sent xem to Huobi yesterday and got nothing.
Their support said:
google translated message:
What should i do now? Just wait but how long?
Xem price is going down, I wanted to trade it for usdt yesterday, but now my wallet is frozen
Their support said:
google translated message:
Quote
Due to an official announcement by NEM.io Foundation Ltd, the missing XEM from Japanese trading platform Coincheck was tracked and marked. NEM's blockchain network will be affected before processing is complete. To protect the user's assets, we immediately suspend the XEM recharge, to be restored after the official NEM official recharge. At the same time XEM's bills are not affected.
Original message:
由于NEM.io Foundation Ltd官方发出公告，对日本交易平台Coincheck丢失的XEM进行追踪和标记。在处理完成之前，NEM的区块链网络会受到影响。为保护用户资产，我们即刻起暂停XEM的充值，待NEM官方处理完后恢复充币。同时XEM的提币不受影响。
Original message:
由于NEM.io Foundation Ltd官方发出公告，对日本交易平台Coincheck丢失的XEM进行追踪和标记。在处理完成之前，NEM的区块链网络会受到影响。为保护用户资产，我们即刻起暂停XEM的充值，待NEM官方处理完后恢复充币。同时XEM的提币不受影响。
What should i do now? Just wait but how long?
Xem price is going down, I wanted to trade it for usdt yesterday, but now my wallet is frozen
Try Polo or other exchanges. Hopefully you find a way to panic sell and give others cheap XEM´s.
You probably bought in at 1-2$ rate?
February 06, 2018, 06:26:20 AM
And more than 90 percent of all coins are very dependent on the bitcoin rate. This coin is also not an exception to the rules. And in general, the coin is not bad.
This state of affairs already really worries everyone. No one knows what can be done about it. How to relieve the total dependence of all altcoins on bitcoin?
February 06, 2018, 12:47:41 AM
If Catapult was ready tomorrow, they should hold it back. This would be the worst possible time to release it and would be a non-event. The fact is if bitcoin doesn't mount a recovery (over 10k would do), the whole crypto scene will be in the doghouse for another year at least.
There's no way they'd hold it off for months purely to excite traders. That's never been how they drop things. It'll happen when it's ready and not before or after.
I agree, besides if catapult gets released in the middle of this bear market it will show that NEM has serious fundamentals and will give us an early boost before the bulls get going again.
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