Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 216. (Read 2985503 times)

EXPERIMENTAL ?


HMMM ...
Crypto currencies have something common, which they don't tell openly.


The essential characteristics of different things:

https://en.wikipedia.org/wiki/Shark
Sharks can travel 70 to 80 km in a day.


https://en.wikipedia.org/wiki/Tiger
tigers can reach speeds of about 49–65 km/h


https://en.wikipedia.org/wiki/Sun
The orbital speed of the Solar System about the center of the Milky Way is approximately 251 km/s


or other essential characteristic
https://en.wikipedia.org/wiki/Passive_house
a passive house typically loses less than 0.5 °C (1 °F) per day (in winter)



Nevertheless these wikipedias don't give that or any essential information
https://en.wikipedia.org/wiki/Bitcoin
https://en.wikipedia.org/wiki/Litecoin
https://en.wikipedia.org/wiki/NEM_(cryptocurrency)
https://en.wikipedia.org/wiki/Monero_(cryptocurrency)
https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

Why they don't?

These sites give the speed information. And it isn't good for crypto currencies!

https://finance.yahoo.com/news/cryptocurrencies-fastest-transaction-speeds-130600579.html
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.



Another intersting question rises?
Why LemonAndFries didn't explain why NEM and other crypto currencies are experimental though it would have been so easy.
The reason might be that LemonAndFries do want to spread uncertainty that makes it easier to manipulate crypto users ?
LemonAndFries is part of hte small group of Bitcoin Billionaires, who just give us the information which is useful for
manipulation of the ongoing P or D.

And LemonAndFries likes to give us somethinh savory, sour and salty.

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.

I think you might be right about the prices being depressed for a while, which I guess is depressing LOL. The problem with the last price spike may have been that it happened too quickly, and I hear about people mortgaging their properties and such to get in, which is always bad news, the classic signs of a bubble. When price goes up fast, it can fall just as quickly.

I'd like to see a recovery, and if you follow the NEM News telegram channel, for every bit of bad news, there's five or six good news items so NEM really is continuing to truck along, so I have no doubt a price recovery is in the future. I'd just like to see it happen more slowly. A nice, steady increase of one or two cents a day, with long periods of the price staying the same, would be perfect for me. That gives people lots of chances to buy in, and those who need to sell for any reason can count on getting a decent deal. That's what you want in a coin. Stability with a general trend upwards.

To really get there, I think we're going to need to see some XEM/fiat direct markets open up. As long as any coin has to go through Bitcoin, then it's going to be stuck rising and falling with Bitcoin, and that really stinks, to be honest.

So the price ATM is ~ $.46 but Coincheck agreed to payout $ .82 XEM that was lost.

So these owners have the ability to almost double their holdings if current price holds?

Yes the tide right now isn’t good. Endless regulatatory headlines.

Amazing how the government won’t provide healthcare, education, basic services-you’re on your own for that but suddenly they want to “protect” you in crypto.

I really don’t mind a selloff if it’s a healthy correction but my obvious worry is that after a pounding of this magnitude things may not recover for a long time (twice bitten etc etc). What does everyone think?

I don't think it will matter one bit with the market the way it is right now.
With btc dragging everything down NEM could announce some major partnership and it wouldn't amount to anything because of the overall market being in the toilet.

Best to wait until things improve and hopefully they can capitalize on the rebound.

I believe that catapult is not far away

So when is Catapult going to be released (for public). It's been over a year now. Before 4k tps seems a lot, but now you hear 1 million tps  i think NEM missed that boat. I'm still a believer, but having that hack is a sh***y PR that is not needed. We need catapult now. We hear NDA's are signed so no one can talk about what is being tested (i totally understand), Just curious to know how many company's signed NDA's, I want to know if there are actually a lot of companies trying out NEM Tech.   

Anyway, I'm going to keep XEM for long term. It might be really high price for this coin. So we should wait and watch...

Another wave of restrictions from regulators...China and the U.K. 

I really hope that crypto doesn’t turn into such a battle.

think it needs to be pushed in telegram as well. Not many people voted so far

Know about the heart of #NEM and its passion to unleash the power of the blockchain technology. Read more about the #Catapult






https://nem.io/wp-content/themes/nem/files/catapultwhitepaper.pdf

bump

really? link please

A lot of negative news about the previous hack, but at last they find out the people who hacked the NEM coins. Yes, you are this year NEM will become one of the most secured coins for long-term investment.

I have read that XEM would one of most perspective coin of 2018 year. So I bought some XEM. And now I'm not sure that it was right decision.

One hacker is in jail ,pursuite and jail this one.

Because forking goes against all that crypto stands for...

Besides, it was a very avoidable mess up by an exchange. They should not be getting a get out of jail free card for being stupid..

It would be in everyones best interest though if the hacker made a deal with the exchange and returns the coins for a ransom.

This another altcoin with such a hacking mess I bet it is afffecting Bitcoin's price as well.
Why don't you make a favour to humanity and create a fork like once Ethereum did when it was hacked...

I am pessimistic that this theft case may be revealed, perhaps if the suspect comes from an insider working in their bureau can be revealed, but if they come from outsiders it is very unlikely to reveal this case
some market do disable XEM wallet but until when they do it???