Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 51. (Read 2985503 times)

Public testnet and Symbol (Catapult) Launch

https://forum.nem.io/t/public-testnet-and-symbol-launch/24154

Maybe  "LauraBKK", but unfortunately she ´s "Mrs incapable".

Who thinks they have the authority to change the original silver coin plan, why don't they show themselves ...

The original stakeholders own the funds, who exactly is planning this theft, what are their names?

I agree the actual silvercoin thing is not a runner anymore but the fund should then be given back to the original stakeholders as it was taken from their original allocation in the first place.
 What I suspect will happen though is noting and the fund will rot in the old Nem chain. The new catapult chain will have no such allocations. So they will grab all the dev funds, silvercoin funds, unclaimed stake funds and every other coin that is not claimed on the new chain.
The big flaw in their logic though is they will probably end up killing the whole Nem project and all these millions of coins will be worth zip.

I hadn't read this, or perhaps I just forgot.  Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy.  As much as it would be great to just split up the xem and send send it to original stake accounts,  it seems like adding the silver fund to the community fund is inevitable.

quit the nonsense just distribute the silver funds to the original stakeholders that's the best way. We have been here since the
beginning trying and testing the tech before it went live. We deserve it. you have the list.

i feel like nem funds are being hijacked to further another project.
How about the original stakeholders get the same amount of CAT as well.
Now they're using nem money to enrich themselves. (I can be wrong of course).
Re-branding NEM means they created something new will that mean now they have full say and
control of NEM funds?
It must be nice to fund projects not using your own money to begin with.

Anybody paying attention to the silver coin fund?

https://forum.nem.io/t/silver-coin-project/2827

It is over 200 million NEM!!

What will happen with this? Did the scammers that took over NEM lose access to the account and now are trying to pass off this Symbol coin as a NEM rebirth so they can have access to the lost funds?

What about Makoto? Why did he abandon NEM and is now working full time on his own project SORA?

Why did all the original developers cash out their NEM funds and are now working on their own projects?

More mysterious questions about NEM foundation true intentions and origins (hint: the NEM foundation of today just showed up one day and offered their managing services, they were never part of the original stake holders or team)

"First draft", 3 years later and this is the best they can come up with.

Are they going to release the new coin in phases also? When is phase 1?  

Pay attention to the warnings.

Where can we opt in to participate in the swap please?

Thanks for sharing!
Better quote the preview or you could be banned for plagiarizing.

The first draft of the Catapult whitepaper is ready for review:

https://nemtech.github.io/catapult-whitepaper/main.pdf

Preview:

"NEM had its humble beginnings as a ”call for participation” on a bitcointalk
thread in January 2014. The cryptospace had just experienced a boom at the
tail end of 2013 - although nowhere near where it would go a few years later
- and there was a lot of enthusiasm in the space. NXT had just launched as
one of the first PoS blockchains, and much of the early NEM community was inspired by
and had connections to the NXT community. This includes all three of the remaining core
developers.

Although there was some initial discussion on what to build, we quickly decided to
create something new from scratch. We wanted to challenge ourselves and see if we could
build something useful. As a result of lots of effort - mostly nights and weekends - this
culminated in the release of NIS1 mainnet in March 2015.We were pleased with what we
built, but knew we took a few shortcuts, and continued improving it. Eventually, we came
to the realization that the original solution would need a rearchitecture to fix some central
performance bottlenecks and allow faster innovation in the future.

We are grateful to TechBureau who provided support for us to build a completely new
chain from scratch - Catapult. We are hopeful that this fixes many of the problems inherent
in NIS1 and provides a solid foundation for future improvements and enhancements. Our
mandate was to build a high performance *blockchain* - not a DAG or dBFT based
system. In this, we think, we succeeded.

This has been a long journey for us, and we hope this is the last blockchain that we
build from scratch. We are excited to see what yet is to come and what novel things you
use Catapult to build. We would like to once again thank the contributors and the many
people who have inspired us. . .

Trustless, high-performance, layered-architecture, blockchain-based DLT protocol -
these are the first principles that influenced the development of Catapult.
While other DLT protocols were considered, including DAG and
dBFT, blockchain was quickly chosen as the protocol most true to the ideal of
trustlessness. Any node can download a complete copy of the chain and can independently
verify it at all times. Nodes with sufficient harvesting power can always create blocks and
never need to rely on a leader. These choices necessarily sacrifice some throughput relative
to other protocols, but they seem most consistent with the philosophical underpinnings of
Bitcoin.

As part of a focus on trustlessness, the following features were added relative to NEM: -
Block headers can be synced without transaction data, while allowing verification of chain
integrity - Transaction merkle trees allow cryptographic proofs of transaction containment
(or not) within blocks - Receipts increase the transparency of indirectly triggered state
changes - State proofs allow trustless verification of specific state within the blockchain. . ."

https://nemtech.github.io/catapult-whitepaper/main.pdf

did the deep pockets form japan? dump on nem 2018? and core devs forgot to exit?

ok, Thanks guys

Why they don't have any date of release? As far as I know Catapult launch should be launched in this year... But it seems they postponed release again?

Since there has not been a forking date released yet, there are no information about whether and which exchanges will support the fork. Those information will surely be released before the fork. To make sure, however, you should hold your coins in your wallet.

I think it would be a good idea to have Your coins in a personal wallet.  Then You can choose to opt in early or wait until later.  No exchanges have said they will do the swap for their customers, and since it is opt in it will be very complicated for them to do so. 

Do I have to have XEM coins in personal wallet to receive same amount of new SYM coins? or can I just stay on the online exchange and receive the new SYM coins?

Yeah,  it seems to me  that  no body opposes  adoption  of Symboland, IMO, that should be symbolic step and recognizing NEM 2.0

There is not a date set yet.