I have a wallet harvesting question
I got 700 XEM on the android mainnet beta wallet. I looked at it and over 600 is vested towards harvesting now. I thought there was a minimum limit to begin harvesting.
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 594. (Read 2985436 times)
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.
At that time the cost of a supernode would be $3,000,000. Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.
dont forget supernodes is a temporary thing
NEM is designed around harvesting tx fees
supernodes only simulate tx fee income from a fund pot which when it is empty supenode payouts will stop too
as i understand the supernode payout will run max 2 or 3 years
in that timeframe the daily tx volume and possible to harvest fee income should generate a similar income stream
never forget XEM is zero inflation
there is no coins come out of nothing
Hi, is there a posibility to get Xem directly with € ?
I think changelly.com will work. As far as I know they accept Visa and Mastercard. Please let me know if it is true.But reverse (XEM to Euro) not.
How can you be proofed against something that doesn't exist yet?
Correct, proof is the wrong word. IOTA is quantum-resistant because it uses Winternitz signing.
NEM and IOTA are my top picks. They are two of the most innovative platforms out there. Potential++
How can you be proofed against something that doesn't exist yet?
@nzminer: IOTA is claiming to be quantum proof.
Yes I believe so.
Is this to do with the use of the Jinn ternary processor project?
@suky321: Daily SN payout is between 380 and 450 the last weeks, not 500. There are 140.000 xem distributed every Day.
@nzminer: IOTA is claiming to be quantum proof.
@nzminer: IOTA is claiming to be quantum proof.
How is NEM standing in resistence towards quantum computation?
Same could be asked about any cryptocurrency.
Firstly, quantum computers are not anywhere near powerful yet to achieve these tasks.
Secondly, the algorithms in NEM are pretty well written and are designed in such a way that would make it very difficult to crack.
But I Believe the only way to make something quantum proof is if it was written on a quantum computer itself.
People are exploring ways currently to make something binary quantum proof, but we will wait and see. We have many years until we need to worry about this.
Hi, is there a posibility to get Xem directly with € ?
Hey guys, Im original investor of NEM and very happy with progress team achieved, but Im reading more and more about quantum computers, seems that IBM will offer some basic form of quantum computation this year. How is NEM standing in resistence towards quantum computation?
I wonder if one day they will lower the amount of XEM you need to run a supernode,3 million is super expensive now, i think for purposes of decentralization... they gotta do it.
Has been discussed before. I don't think it will happen.
Increasing the number of supernodes would reduce profitability
It will reduce profitability but will it not strengthen the network even more?
I'm not sure about this... What if people start using low end VPSs because of reduced profit?
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.
At that time the cost of a supernode would be $3,000,000. Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.
At that time the cost of a supernode would be $3,000,000. Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.
But now everything has changed.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.
At that time the cost of a supernode would be $3,000,000. Perhaps the devs would reduce the minimum balance as an incentive or change the daily reward.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem
I guess it's never going to happen next, and it sounds impossible.
Maybe we should focus less on the price and more on the possibilities that NEM offers?
Besides, 1 USD is still very far away, let's get to 0.1 USD first, which brings NEM to the market cap that ether had during its previous high.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem
I guess it's never going to happen next, and it sounds impossible.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem
I guess it's never going to happen next, and it sounds impossible.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem
I guess it's never going to happen next, and it sounds impossible.
If the price of NEM ever does reach $1, of course supernodes will selling but it wont happen suddenly and people will sell in phases all the way up to that magic $1/Nem, Also the supernode fund is deep so rewards can increase as supernode numbers fall to tempt others to run one.
Hypothetical example - IF 400 of the 500 supernodes sell up, then the remaining supernodes would be earning $7,000 a day. This would equate to $2,555,000 every year assuming the price stays the same.
If 400 supernodes sold, that would be 1.2 billion XEM or nearly 25% of the total supply
The price would never stay at same price.
Yes, good point. That I didn't factor into my calculation. Thanks.
Jump to: