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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 476. (Read 2985369 times)

sr. member
Activity: 490
Merit: 252
According to bittrex graph. NEM is going to rise. I predict rise to be for next 6 coming hours and then some corrections. We will see! Grin Grin Grin

We have been saying this for a couple of days now Grin
legendary
Activity: 942
Merit: 1026
I wonder how many of the big exchanges (Kraken, bitfinex, gdax, ...) currently struggle to implement NEM Smiley
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

It's a staggering amount of money indeed, but you could argue that exclusivity serves a purpose. Someone with 3 million is either old school or a true believer if they've bought in.

For the super nodes the last thing you want is people flitting in and out. They're designed to be the backbone of the whole thing run by people with a deep commitment.
legendary
Activity: 1806
Merit: 1029
Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.

OK, good to know. I hope it's at least being talked about. As someone who has tried unsuccessfully to delegate harvest in the past (old wallet), I will say that finding a node I could hook up to for successful harvesting has been difficult. I think with all the expansion underway, the network could use more supernodes, but if someone didn't buy all 3 million way back, then the requirement will price most people out at today's prices.

On the delegated harvesting error I hadn't thought about that. The NEM I want to use to harvest has been consistently sitting at the same address since the very beginning, so I would assume the vesting is already in place. However, if that is not the case and my problem will be solved in ten days, then I guess I can wait.
legendary
Activity: 1708
Merit: 1080
Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I dont see super node holding requirement changing anytime in the near future if at all.

Also, I am not sure about your error but I know you cant start harvesting until you have a vested balance of at least 10k XEM. So if you just downloaded the wallet I do not think you can start harvesting yet. 1% of your unvested balance will become vested every 1440 blocks which is about 24 hours.
member
Activity: 182
Merit: 11
Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?

I don't think that crucial reducing of requirement to, e.g., 100.000 XEM, is good idea (it could probably lead into a massive sell pressure). But slight decreasing of necessary amount could be good idea, IMHO (there will be also some slight selling pressure, but on the contrary some of supernode owners will try to buy more for creating 2nd instance of supernode...so in final it's also good for widespread and network coverage).

According to this, I have one "historical question" (somebody from the dev team would know the answer) : One NEM stake is (was, on AE NXT) 2.250.000 NEM, is it correct ? I remember, that the first idea of supernode minimum amount was about 5.000.000 coins, then it was decreased into 3.000.000 coins. But the historical question is : Why wasn't that limit set up into 2.250.000 NEM (instead of 3mio) ? It would be equal to 1 NEM stake then, which should encourage more stake owners to build a supernode ...
member
Activity: 70
Merit: 10
According to bittrex graph. NEM is going to rise. I predict rise to be for next 6 coming hours and then some corrections. We will see! Grin Grin Grin
legendary
Activity: 1806
Merit: 1029
Another question: Is reducing the 3,000,000 XEM minimum holding requirement to run a supernode a possibility? I saw a post here about reducing that requirement to 100,000. If the requirement could get reduced to anything below one million I would jump on it, as I know someone who would help me set it up.

EDIT: I should also ask what is the payment for supernodes these days?
legendary
Activity: 1806
Merit: 1029
I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

I also have a question: If I import the old wallet to nano, will delegated harvesting be active or do I need to restart it again and pay a fee?

I'm just assuming you have to restart it (and pay the fee).
sr. member
Activity: 490
Merit: 252
I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!

I also have a question: If I import the old wallet to nano, will delegated harvesting be active or do I need to restart it again and pay a fee?
legendary
Activity: 1806
Merit: 1029
I'm sure this is a simple problem, so wondering if anyone knows the answer. I just downloaded and installed the new nanowallet. I'd like to activate delegated harvesting. When I try, I get the error message that says

FAILURE_IMPORTANCE_TRANSFER_NEEDS_TO_BE_DEACTIVATED

How do I resolve it?

Thanks!
sr. member
Activity: 490
Merit: 252
What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?
so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .


If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...
Cheesy Cheesy Cheesy Cheesy true


Yeah I guess you're right, but some wealth could be very useful in those stressful events.
member
Activity: 67
Merit: 10
What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?
so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .





If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...
Cheesy Cheesy Cheesy Cheesy true
legendary
Activity: 1708
Merit: 1080
What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?
so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .





If there is a world war large enough to take down satellites and the entire internet... the least of your worries should be your crpyto holdings...
member
Activity: 67
Merit: 10
What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the cryptocurrency world?
so no worries governments need internet more than  us

internet does not need necessarily satellites in other to work
in the near future  mesh network will replace the centralized internet .



sr. member
Activity: 490
Merit: 252
What happens if the world government decides to take down the satellites (and internet) during a world war? Where would that leave the crypto currency world?
full member
Activity: 148
Merit: 100
next 24 hours XEM 100% Huh??!!!! Grin
legendary
Activity: 1946
Merit: 1007

@NEM Team

I'm still trying to wrap my head around the fact that you haven't announced ANY official strategy of unloading a significant part of the undistributed funds at these levels (e.g. outside of the exchanges at Market rates).  Please don't say you always knew it would happen within a 2-month period.  Don't you see how thin the top of the order book is already?  Just a handful of initial stakeholders cashing out would cut the Mkt. Cap in half.  What are you waiting for?   Shocked

I don't care how many folks are running Buy-bots in private.  Considering that you've said it's not the official team participating in market making activities (i.e. ability to support both sides pretty much risk free), the private efforts will have ABSOLUTELY NO CHANCE supporting the order book.  

I'll say it again, something is not adding up (or simply can't make sense of it myself)...   but feel free to explain the official strategy.   Undecided


Edit:  Just to be clear, the thin order books is not the main point here.  All high Mkt. Cap projects have thin order books at the top.  I'm discussing strategy in respect to undistributed funds.  If there were no undistributed funds (or they were a much smaller % of Total Supply), there would be no post!   Wink



I hope and kind of expect that these funds will not be unloaded in major quantities on exchanges. Imo it's better and more likely to do a kind of auction where people or institutions can bid on certain stakes. This type of auction has happened with other coins in the past as well and seems to work quite well for people that want to stock up big (remember, also buying a lot of coins greatly increases current price).

Additionally, as NEM matures, there is also less need to unload NEM for BTC/fiat/anything else as NEM will become useful enough to accept payments in.

I agree with you that a statement on this would be nice. 
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

This is an article written at the height of fork panic. Also the stupid bitch who wrote it sold all his coins in the expectation of a contentious fork. Won't happen.
member
Activity: 67
Merit: 10
it is a good thing.
 if bitcoin is healthy means more money will flow to crypto
i don't know who said


BITCOIN is an alternative  to the fiat  payment system
NEM is an alternative to the  fiat economy

NEM like IPHONE
Bitcoin like FAX
people still today  use FAX
 
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