Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 374. (Read 2985369 times)
August 06, 2017, 08:02:51 PM
i wonder what causes the pump of nxem in the past couple of days, is it because of some icos who used the platform of nem?
August 06, 2017, 06:30:33 PM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.
The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.
I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.
I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.
I approuve and that why Nem delagated harvesting allow more people to enjoy harvesting with less H.ware and matherial! i like the concept im more scared that the coin stay stock in 5th or 4th place because of the high fees
August 06, 2017, 06:15:40 PM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.
The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.
I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.
I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.
August 06, 2017, 03:07:32 PM
Dear Nembers, make sure to be ready to fasten your seatbelt at any moment through August and September
Keep in mind that the upcoming rides are oneway with no return
See you on the other side
Keep in mind that the upcoming rides are oneway with no return
See you on the other side
August 06, 2017, 01:34:26 PM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.
The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.
I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.
I already see articles that some areas are banning crypto mining due to power shortage. This would be a big issue if we want mass adoption.
August 06, 2017, 01:04:42 PM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
Actually the opposite will happen. Every time the price suddenly increases some supernodes cash out and take profit. If the number of supernodes decreases too much they will lower the required balance to fund one. This increases distribution of XEM and thus increases decentralization.
The more the price increases, the more early adopters will cash out increasing the spread of distribution. The higher the price goes, the harder it is to accumulate as well.
I also think that PoS is superior to PoW because to participate in the 'shared-trust' of the network, you have to buy in from an existing stakeholder unlike in PoW where you only need to acquire mining hardware. It would be incredibly difficult to secure enough XEM to successfully the attack the network. In PoW, it would be very hard to detect a bad actor who is accumulating or researching advances in mining hardware to attack the network.
August 06, 2017, 11:33:28 AM
Slowly slowly the banks will adopt the blockchain technology
Who cares! the banking system will collapse very soon.
it wont collapse. it looks it like it will, but its actually going to evolve into a form of virtual currency. hey you know what. if BOA can go towards a virtual currency type US denomination, it could greatly increase the value of the so called "virtual dollar" since now they can create a 200 trillion dollar cap , and this is to compensate for population growth, etc. but still will be much more valuable than the current dollar , in relation to buying power.
August 06, 2017, 11:27:04 AM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
the early adopters you mean? because this sounds like someone who "missed the train"
August 06, 2017, 10:41:29 AM
Slowly slowly the banks will adopt the blockchain technology
Who cares! the banking system will collapse very soon.
August 06, 2017, 09:08:43 AM
Slowly slowly the banks will adopt the blockchain technology
August 06, 2017, 04:05:05 AM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
There are literelly hundreds of masternodes and thousands of people staking their coins through these masternodes..
How is that too centralized?
I really agree here. The decentralization is absolutely great. No need to worry
August 06, 2017, 03:18:04 AM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
POI/POS is more centralized in fewer number of people while POW is centralized via location. Personally I'd rather a few hundred anonymous supernodes spread out all over the world than China having > 50% of POW mining pool control. They are planning to censor even VPN in 2018. Besides, POI/POS is to go against their own interest if they try to mess with the blockchain integrity as they are the ones with the most skin in the game.
August 06, 2017, 03:15:20 AM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
Eventually the supernodes will be phased out and lower entry level to become a node will be allowed. It's just a temporary function to have super nodes while the network grows, from what I've read.
August 06, 2017, 03:09:58 AM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
There are literelly hundreds of masternodes and thousands of people staking their coins through these masternodes..
How is that too centralized?
August 05, 2017, 10:58:24 PM
I like NEM project, but I just fear that with MasterNode and POI, coins will be more centralized to just a number of people. Not good for long-term development
August 05, 2017, 10:27:24 PM
I have few thousand NEM in my account but for last 10 days I didn't login into my account and my wasted balance didn't increase 10% per day basis. Just want to know that is it a must need to open the wallet every day to increase 10% wasted balance every day? If not then why my balance didn't increase 10% per day basis? Thanks for your inputs.
August 05, 2017, 10:02:24 PM
Feels lucky to buy more XEM during dump
now sitting on more than 60% profit..
I am waiting for the next dump to buy more. I hope the next rally of BTC will create panic in alt coin world and will be a good chance to buy more NEMsnow sitting on more than 60% profit..
August 05, 2017, 09:24:53 PM
Feels lucky to buy more XEM during dump
now sitting on more than 60% profit..
I am waiting for the next dump to buy more. I hope the next rally of BTC will create panic in alt coin world and will be a good chance to buy more NEMs now sitting on more than 60% profit..
August 05, 2017, 08:47:11 PM
Banks begin to patent blockchain functionality ...
http://bitcoinist.com/bank-of-america-files-three-new-blockchain-patents/
http://bitcoinist.com/bank-of-america-files-three-new-blockchain-patents/
August 05, 2017, 05:00:38 PM
Hi!
i need to withdraw my nem to my local wallet from poloniex.
last time i've used my wallet was, more or less, two years ago and i don't remenber anything
I have "NEM wallet" 0.6.4.3 istalled on my pc. Is it too old?
I even don't remember what this quote means "NIS needs to be booted. Please open your wallet and boot a local node via the popup dialog or configure the auto-boot setting. (at block 259528)".
Can anybody help me? I just want to be sure that i won't lose my nem
the wallet's address is the one marked as "primary"?
Sorry for my bad english
i need to withdraw my nem to my local wallet from poloniex.
last time i've used my wallet was, more or less, two years ago and i don't remenber anything
I have "NEM wallet" 0.6.4.3 istalled on my pc. Is it too old?
I even don't remember what this quote means "NIS needs to be booted. Please open your wallet and boot a local node via the popup dialog or configure the auto-boot setting. (at block 259528)".
Can anybody help me? I just want to be sure that i won't lose my nem
the wallet's address is the one marked as "primary"?
Sorry for my bad english
If you got your private key you can easily use the nano wallet.
thanks for the answer!
How can i find my private key? I remember my wallet's password instead
I downloaded the nanowallet. I think i just need to login, but i can't "select a wallet in local storage". I click on it but i can't choose any path/wallet.
What can i do?
I think you get your private key after the creation of the wallet. If you haven't saved the private key you need to import your wallet.
If you don't own your private key it is highly recommended that you create a new wallet and send your XEM to this new wallet!
thanks for the answer.
So i can create a new wallet clicking on "sign up" on my nanowallet and then withdraw my nem direcly from poloniex to my new wallet?
If id creare a new wallet, i think is better create a "private key wallet". Correct? But i don't have a private key yet. So, which wallet should i create?
Just create a new wallet(or import your .wlt file). You can only create a privat key wallet if you got your private key. After the creation of the wallet you have to backup your .wlt file. This .wlt file contains your private key.
You can read this tutorial if you want: https://blog.nem.io/nanowallet-tutorial/
thanks a lot man!, now i have my new wallet!
Just a question. With 100.000 nem, how much nem, more or less, i gain, with harvesting?
I don't know. Never tried it. :-)
Not much, but then again, it´s free, so do it anyway.
thanks for the answer!
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