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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 477. (Read 2985369 times)

sr. member
Activity: 490
Merit: 252
sr. member
Activity: 280
Merit: 250

@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



The NEM development team themselves is not pumping this coin. Some of their stakeholders like myself extol the virtues of this coin, but that doesn't necessarily mean it will skyrocket up and replace ethereum in value or be the bitcoin killer, even though I think it might.  The way to address the undistributed funds would be to lower the requirement to be a supernode to something like 100,000 to 250,000 coins.  This could indeed flood the market with coins.. that's life.   If anything XEM has better distribution than any of the other top 5 coins... there is one bitcoin wallet that alone has 80,000 lost bitcoins. That's the same as a couple hundred stakes of XEM. XEM was distributed in the most fair way of any of these altcoins except perhaps Ethereum.  There's likely a lot of lost coins, but that's no different than any other crypto.  As for distribution held by the developers, if any, XEM has gone up fast and the fact they are not simply dumping their stakes and on the forum pumping the coin is a testament to where their priorities lie. Maybe they'll do some sort of dividend in the future. Who knows. A public disclosure of all their held funds in their control would be a positive though. I'd be interested to see that.

As for LTC, segwit was a patch and XEM will be capable of far more transactions and much more scalable, especially after the release of Catapult. Apples and oranges here. LTC is more like BTC than XEM, and that's not necessarily a complement.
member
Activity: 67
Merit: 10
NEM is double market cap based on LTC, amazing project, LTC has nothing new tech, but XEM is the best.

I don't know why but I always used to hate LTC and Ripple

i ditched dash and  stellar when i start searching their history
it is not good folks.
 i am happy i have discovered NEM recently

DASh went through many rebrands to hide their questionable history many used to call
dash the "biggest ongoing scam"
i was holding dash but never felt comfortable due to the "instamine" scam

Ripple founder jed mccaleb  was known to be a big scam artist linked directly to MTgox scandal the biggest  scandal of the crypto history
for this reason i never bought ripple,
https://www.youtube.com/watch?v=mQKxSVLLfAk

from there he went to create STELLAR (this one i just recently discovered it  )
i panicked and sold all my stellars
 ripple+stellar are from the same scam artist jed mccaleb





 
sr. member
Activity: 490
Merit: 252
Ok I have to say nem is pretty good.

I hope BTC and Nem both come slightly down this weekend so that I can buy some more  Grin
newbie
Activity: 6
Merit: 0
Is there an actual wallet that I can download? The Mac wallet sucks and it's just a bunch of random files. I just need NEM QT
sr. member
Activity: 490
Merit: 252
LTC it s a fork of bitcoin? right

why people think ltc is some thing its  just a fork of bitcoin
forking  bitcoin it is not so difficult
ltc should not be in the top 5


Yeah that's exactly what I mean. Even though it's more advanced right now, it still has a bad reputation in the back of my head + I hate that washed off grey logo of them (hardly noticeable).

Edit: BTC is supposed to be gold and LTC silver. LTC doesn't come even close to Roll Eyes
legendary
Activity: 2632
Merit: 1023
Ok I have to say nem is pretty good.
legendary
Activity: 2632
Merit: 1023
LTC it s a fork of bitcoin? right

why people think ltc is some thing its  just a fork of bitcoin
forking  bitcoin it is not so difficult
ltc should not be in the top 5


LTC had a purported very fair ICO and now has segwit tech plus alot of spare capcity, proven support, and its seems it can get its dev together.
full member
Activity: 224
Merit: 100
Buy Low, Sell at Alpha Centauri
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
LTC it s a fork of bitcoin? right

why people think ltc is some thing its  just a fork of bitcoin
forking  bitcoin it is not so difficult
ltc should not be in the top 5


And now it's a considerably more advanced fork.
member
Activity: 67
Merit: 10
LTC it s a fork of bitcoin? right

why people think ltc is some thing its  just a fork of bitcoin
forking  bitcoin it is not so difficult
ltc should not be in the top 5
full member
Activity: 224
Merit: 100
Hopefully xem will raise up this week, so i can use it for trading very often.., very profitable  Grin
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I don't know why but I always used to hate LTC and Ripple

I can get the dislike of Ripple. It shouldn't be anywhere near any crypto market, but what did LTC ever do to you?
sr. member
Activity: 490
Merit: 252
NEM is double market cap based on LTC, amazing project, LTC has nothing new tech, but XEM is the best.

I don't know why but I always used to hate LTC and Ripple
sr. member
Activity: 307
Merit: 250
NEM is double market cap based on LTC, amazing project, LTC has nothing new tech, but XEM is the best.
newbie
Activity: 2
Merit: 0

EcoBit Signing 30 years Concession of 1 mil acre carbon trading project (ecobit.io)


https://www.youtube.com/watch?v=bBLYBOmrVZM

Nem just the beginning, a lot more room into this space!
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I'm shorting XEM so hard now - will see who wins in the end. Good luck to you sir with that bag you will soon hold

Where and how? It doesn't look possible to me.
legendary
Activity: 1918
Merit: 1001
Some news:

http://www.coinspeaker.com/2017/05/18/force-behind-nems-rise-ecobit-green-project-announces-ico/

Not sure if Ecobit is behind the rise in price though.

They "only" raised 2.6 million NEM so that is not the reason for the price rise.

I didn't hear of ecobit before though, sounds like it's been running for a while now. Anyone know something about this project?
It looks a good project with govt backing, but i would not say they are responsible for the rise.
sr. member
Activity: 382
Merit: 256
Some news:

http://www.coinspeaker.com/2017/05/18/force-behind-nems-rise-ecobit-green-project-announces-ico/

Not sure if Ecobit is behind the rise in price though.

They "only" raised 2.6 million NEM so that is not the reason for the price rise.

I didn't hear of ecobit before though, sounds like it's been running for a while now. Anyone know something about this project?

Looked on their website, apparently, they have Lon Wong as their Blockchain advisor

http://www.ecobit.io/team.html
newbie
Activity: 2
Merit: 0
Some news:

http://www.coinspeaker.com/2017/05/18/force-behind-nems-rise-ecobit-green-project-announces-ico/

Not sure if Ecobit is behind the rise in price though.

They "only" raised 2.6 million NEM so that is not the reason for the price rise.

I didn't hear of ecobit before though, sounds like it's been running for a while now. Anyone know something about this project?

I can confirm this news is legit! Once Chinese Malaysian onto Nem, it will burst because this project is massive!!

http://www.ecobit.io/en/phase1.html
http://www.astroawani.com/berita-malaysia/kelantan-mahu-bekerjasama-dengan-kerajaan-pusat-atasi-banjir-128407  ( in Malaysian TV- Astro )

If you know what MoU is then you will understand later. Malaysian gov want to prevent flood in Kelantan state that happen almost every year in monsoon.. Later I will tell more insider info about this project. Just stay tuned!

XEM at 20+cent range is super cheap to consider those massive projects that they're working on behind the scene.
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