Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 439. (Read 2985369 times)

NEM team hasn't a cristal ball to know the future for sure.

Anyway the president of NEM Foundation  (rockethead ) already expressed his thoughts about this project.

At the very least the core developers of NEM/XEM should publicly weigh in on this project before a vote is taken:

1.  Will it benefit and support the NEM platform in the future?
2.  Is the cost of  this project reasonable as presented.
3.  Will the value of XEM increase for shareholders with its' implementation?

Most of us can only speculate on the value and cost of this project and need the honest assessment of the NEM developers  to form an opinion.

One thing is sure, if NEM is $1 in a year noone here will suffer a loss

You do not have to be a developer. How about reaching out to these guys "krypt.co" and ask them to give us a proposal on NEM integration. They are already in the authenticator business and applying similar functionalities for handling SSH keys privately in mobile apps. I bet you they would do it at a fraction of the requested funds if not for free as it will allow them to expand in the crypto world. Someone has to reach out to krypt.co

If newbies' posts are suspected, then would not every supporting writer be suspected, too?

I can find a group of experienced developers to get us a proposal on the same exact authenticator functionality/app if not more. I don't have much time to do that nowadays but would do it if enough Nemers support the idea of having competitor proposals.

I agree on all these points. And yes I first mistakenly confused NEM dev funds and NEM community funds.

I support Atraura as much as any third party organization or company interested in building solution on top of NEM technology. My only concern is that the requested funds seems too high. I would like to know more details on where the funds will be spent and why they need such high amount. The requested funds should be lowered even if they really need that much. The community funds should remain available for years and projects yet to come. Giving away 5% of NEM community funds for Atraura's project is not justified yet. We need more details.

5 days for voting is a joke. We should never allow this to happen again!

There is one question about  the atraura project that has not been asked before but should be asked:

Is any other group willing to make the same software for less?

Sofar nobody did make an alternative offer, most likely because programmers in this niche market are still a very rare species
It would be interesting though if there was some competition.....
(i wish i was a better programmer lol)

yes!
you got me man!

If they are serious it sure is better for them too. So they have fix reliable fiat equivalent payments and if they like to take part of the speculative value they can keep the NEM instead converting them.

However from a NEM fund side you can not do that without setting an absolut upper limit. In that case the 15M NEM or less. That means no matter what they can never get more than that limit. Otherwhise you risk that the whole NEM fund could go just to them  if the value dramatical falls.

My opinion... 3mil dollar is much too much for that project. It's like paying the whole company not just the developers for 2 and more years.

Let us calculate with a sallary of 10k dollar a month a person.
3 mil  / ( 12 * 10k) = 25 ManYears.

That's a LOT software ypu can create.
For coding such 3 or 4 developer are enough. You can't put 25 man on this. So that's a payment for a 6 to 8 year SW development

Of course if you pay the whole company with all the tops stuff doing nothing real SW productive 3 mil is gone fast.

If I read it right they planed that 2 month ago.
If I am not wrong than 15Mil was about 600k dollar? (out of memory dont have numbers at hand)

That is more like what I had valued such a project.

Anyway the 3 Mil is too much in my opinion but the funds are there for such projects and should be used for such.

The more important question to me is really what happens after they made the frame work. How does this continue how will it fit and keept up to date with the NEM development. If you don't support it and maintain it after it's done it is for nothing.

And in this respect I would really like to know what the NEM-DEVs thinks about it. They are the one that have to support and life with it.
If they think thats a good project and welcome it my vote is yes and if they are more negative toward it my vote would be no.
I think they know the most about it and what it will give to NEM or not and are the best to judge it.
Will not cry a drop about 3 mil if they really like the idea and want to have them done that framework.

yes; fixed payment and floating range ... that also I was thinking.
The floating part should have the minimum and maximum limits.
Another issue is how the floating part bonus is calculated;
   a)  function( NEM software quality and success among the developers "worldwide" )
   b)  function( XEM price in exchanges )
   c)  some other?

The alternative a) is difficult to evaluate, so maybe that is the reason why many companies are using the b) alternative


And as CoinNews earlier suggested the payments would be divided according to the Milestones.
Maybe also such could be used that 50% is paid after the whole project is completed and approved.

That was the positive part : yes, we are planning the payments


The negative part is as follows:
To evaluate the possible benefits, there are needed good examples of the use cases, etc.
The 5 days is quite short time to study and understand them well enough. Isn't it possible to use more time to evaluations?

Given that this coin is already number 4 on coinmarketcap, I question how much more you expect. They'll market when their product has matured and is ready for the mainstream.  I support this project.

That is why NEM is my most favorite project I'm taking it for my early retire investment. I think now that time has been when it will be get pushed to the mainstream and more people are getting involve in it so it will be more big in future.

NEM Rises to New Heights, as Partner EcoBit’s Green Project ICO Continue

NEM is currently one of the fastest expanding distributed ledger technology platforms in the cryptocurrency space. In the recent days, NEM’s cryptocurrency XEM has seen a meteoric rise in value as it displaced Litecoin as the 4th Largest altcoin, in market capitalization last week.

The recent growth spike has been attributed to the NEM’s recent partnership with EcoBit, a green project supported by the Kelantan State Government in Malaysia.

The recent increase in demand and valuation for the out-of-the-box solution and it’s XEM tokens began earlier in the year with the announcement of the collaboration with EcoBit Project and its Blockchain card on social media site Twitter. EcoBit Blockchain card is a pioneering technology that sees the first ever implementation of Blockchain technology on a smart card, which harnesses NEM technology to enable the transactions of EcoBits tokens.

Source

Can't find you on the richlist.

Getting a response from 3 newbie accounts makes a lot of sense, right  

@ munchkin: Now explain yourself in layman's terms instead of being so vague. I guess you know it all as your contribution is top notch with 10 posts.

@ sheepXcat_sk: You say "People who contribute less care less about ideology and more about profit." I assume you are talking about yourself with only 5 posts contributed?

@jvrvalar: I don't care what number you are as I started to feel like these newbie accounts are somehow connected with each other. This thread is not for pump and dump talk, but how would you know with just 28 posts.

Eh, No, No, No not supporting this project as it looks waaaay to suspicious.

About this newbie talk.. Just because a lot of us don't feel like participating in the "pump/dump/fud/price speculation" talk here on bitcointalk doesn't mean we are newbies to nem.

https://docs.google.com/spreadsheets/d/1DpT2tjeUDS7HGu3pn3gte20NPND4GQLJ9GtcD3WaAss/edit#gid=10

I'm number 96 on the list.

Stop assuming things about people you don't know, not everything is a conspiracy.

Are you saying that Atraura is secretly financing fake accounts to promote their project?
People who contribute less care less about ideology and more about profit.
I feel like NEMergizer started negativity with misunderstanding that the project would be funded from dev fund instead of community fund, then random newbies emerged, then old members started a crusade against the young ones.

So let's focus on the issues:
 - Atraura is not internal - same as anyone from community coding for bounty
 - Atraura seems to have approached NEM first - is this really an issue?
 - It seems ridiculously expensive - let's try to find a price both parties are willing to accept.
   Here https://forum.nem.io/t/nem-framework-community-proposal/5174/26 I proposed that part of the bounty would be paid in fixed NEM and part according to future exchange rate. So Atraura is motivated to finish succesfully which will increase the price, but it's not that volatile. Advantage for us is that when the price of NEM is 1$ in a year, we won't suffer $15M loss from this development.

Since that is what seems to matter here, can I ask you guys what you think that would make the price fly? What would be a good stepping stone for nem?

In my mind that is companies discovering that the platform accounts with professional tools and a healthy developer community that will be able to help them if they dare to try.

What else did you expect if a company we never heard of tell us we have 5 days to vote for a project. It's not like we have nothing to do. We need time to familiarize ourselves with it. Even the Nem team takes years to build on nem, so wouldn't we get at least a month to get to the bottom of this project and ask questions?
I think nem has been doing many nonsense projects that do not benefit (or are useless) the normal people such as catapult, which is targeted towards bankers instead of making something useful that business can use and implement globally around the world.