NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 772.

Tehfiend

hero member

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Quote from: gentlemand on June 25, 2016, 07:16:06 PM

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

4th highest volume of all crypto as well according to http://coinmarketcap.com/...

nzminer

legendary

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Quote from: gentlemand on June 25, 2016, 07:16:06 PM

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

I think its because we have a totally new and unique audience which Bitcointalk is not a large part of...

gentlemand

legendary

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Welt Am Draht

Moving in and out of the number 2 spot on Poloniex and STILL barely a mention on the altcoin forum. It's really weird. I guess bitcointalkers aren't comfortable discussing non chequered ICO junk. That's probably a good thing.

johnybyo

newbie

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Quote from: yshin365new on June 25, 2016, 04:00:33 PM

Quote from: jabo38 on June 25, 2016, 08:28:35 AM

In February of 2014 a lot of (lucky/risky) investors donated around $25 (some more and some less) worth of btc or NXT in hopes of helping NEM and joining the Nemesis block. https://bitcointalk.org/index.php?topic=440185.msg4903908#msg4903908

For those that stuck around and redeemed their coupon, they were rewarded with a launch marketcap of around $2.5 million during the first week. That was $625 per person. From $25 that was a whopping 25x increase on their money for patiently waiting 14 months (which is a looooooooong time in crypto years).

For some months after that launch NEM slowly drifted down as many people sold, but also the NEM developers were quietly working in the background, just as they still are.

Some 14 months after launch we can look at the marketcap today of about $63m and see that since that original launch marketcap of $2.5m, NEM has gone up ANOTHER 25x in another 14 months.

One time can be an accident. Two times means there is something there. But if NEM repeats this growth again over the next 14 months, we can safely say that this is real.

All numbers in this post can be checked on Coinmarketcap. https://coinmarketcap.com/currencies/nem/

What a sharp observation you did!
And if next 14 month make 25X again, NEM's market cap will be 1.5 billion on Aug 2017.
I have a good feeling that the 1.5 billion day will come sooner. Grin

IF NEM get micropayments markets in 3rd world working this will go huge. Bitcoin are too slowly for micropayments. And 3rd world are only first step to take place around of world. Even $0.1-$1 per NEM are not impossible.

fragout

legendary

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Quote from: rockethead on June 25, 2016, 10:50:01 AM

Quote from: gentlemand on June 25, 2016, 09:57:25 AM

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

I thought there was a chunk of NEM set aside for this and it was put on hold due to the low volume and price of NEM at the time. My memory could also be failing however.

yshin365new

sr. member

Activity: 289

Merit: 250

Quote from: jabo38 on June 25, 2016, 08:28:35 AM

In February of 2014 a lot of (lucky/risky) investors donated around $25 (some more and some less) worth of btc or NXT in hopes of helping NEM and joining the Nemesis block. https://bitcointalksearch.org/topic/m.4903908

For those that stuck around and redeemed their coupon, they were rewarded with a launch marketcap of around $2.5 million during the first week. That was $625 per person. From $25 that was a whopping 25x increase on their money for patiently waiting 14 months (which is a looooooooong time in crypto years).

For some months after that launch NEM slowly drifted down as many people sold, but also the NEM developers were quietly working in the background, just as they still are.

Some 14 months after launch we can look at the marketcap today of about $63m and see that since that original launch marketcap of $2.5m, NEM has gone up ANOTHER 25x in another 14 months.

One time can be an accident. Two times means there is something there. But if NEM repeats this growth again over the next 14 months, we can safely say that this is real.

All numbers in this post can be checked on Coinmarketcap. https://coinmarketcap.com/currencies/nem/

What a sharp observation you did!
And if next 14 month make 25X again, NEM's market cap will be 1.5 billion on Aug 2017.
I have a good feeling that the 1.5 billion day will come sooner. Grin

jwiz168

hero member

Activity: 910

Merit: 1000

Quote from: patmast3r on June 25, 2016, 02:36:44 PM

Quote from: rockethead on June 25, 2016, 10:50:01 AM

Quote from: gentlemand on June 25, 2016, 09:57:25 AM

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

Personally I'd wait until NEM has an AE so those silver coins can be issued as mosaics and redeemed or sold. This would of course mean that it wouldn't happen for another while but it seems like the most logical way to do it at least to me.
Technically they could be issued right now since mosaics are already in place but without an AE it seems rather point less. Of course it would be totally fine for people that want to redeem i.e. get that physical silver coin.

I realize that this does not solve the governance issue.

Another thing to consider is that there is probably a good chunk of original stake holders that no longer have access to their original account. I wonder if it's even worth to issue mosaics to those accounts. I guess it wouldn't really matter but I still somehow feel like that would be a shame. No biggie - just something to consider imho.

I agree, and some innovation for NEM network going to premium features, such as snapshot for an ICO using its platform. So that it incentivize the NEM hodls.

rajc

full member

Activity: 139

Merit: 100

Quote from: patmast3r on June 25, 2016, 02:36:44 PM

Quote from: rockethead on June 25, 2016, 10:50:01 AM

Quote from: gentlemand on June 25, 2016, 09:57:25 AM

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

Personally I'd wait until NEM has an AE so those silver coins can be issued as mosaics and redeemed or sold. This would of course mean that it wouldn't happen for another while but it seems like the most logical way to do it at least to me.
Technically they could be issued right now since mosaics are already in place but without an AE it seems rather point less. Of course it would be totally fine for people that want to redeem i.e. get that physical silver coin.

I realize that this does not solve the governance issue.

Another thing to consider is that there is probably a good chunk of original stake holders that no longer have access to their original account. I wonder if it's even worth to issue mosaics to those accounts. I guess it wouldn't really matter but I still somehow feel like that would be a shame. No biggie - just something to consider imho.

If u wait too long u will have to issue GOLD coins

patmast3r

hero member

Activity: 980

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Quote from: rockethead on June 25, 2016, 10:50:01 AM

Quote from: gentlemand on June 25, 2016, 09:57:25 AM

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

Personally I'd wait until NEM has an AE so those silver coins can be issued as mosaics and redeemed or sold. This would of course mean that it wouldn't happen for another while but it seems like the most logical way to do it at least to me.
Technically they could be issued right now since mosaics are already in place but without an AE it seems rather point less. Of course it would be totally fine for people that want to redeem i.e. get that physical silver coin.

I realize that this does not solve the governance issue.

Another thing to consider is that there is probably a good chunk of original stake holders that no longer have access to their original account. I wonder if it's even worth to issue mosaics to those accounts. I guess it wouldn't really matter but I still somehow feel like that would be a shame. No biggie - just something to consider imho.

rigel

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Activity: 1240

Merit: 1001

Thank God I'm an atheist

Quote from: jabo38 on June 25, 2016, 01:24:55 PM

A little more information on the one of the first blockchain microfinance services, which just happens to be built on NEM technology. http://www.livebitcoinnews.com/infoteria-and-tech-bureau-implement-the-first-blockchain-microfinance-service/

Someone will be happy they used Azure Wink

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

A little more information on the one of the first blockchain microfinance services, which just happens to be built on NEM technology. http://www.livebitcoinnews.com/infoteria-and-tech-bureau-implement-the-first-blockchain-microfinance-service/

jabo38

legendary

Activity: 1232

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mining is so 2012-2013

NEM is looking for people to help us write blogs.

https://forum.nem.io/t/looking-for-blog-writers-for-the-nem-blog-bounties-will-be-given/2228

jelin1984

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will be hit 1500 sooonnnnnnnn Roll Eyes

Nxtblg

legendary

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Still above 1000 satoshis. Congrats, all!

LemonAndFriesOne

legendary

Activity: 1050

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NEM got me through rough spots in my life and even funded part of my education.

I still held on to a large part of my stake and now NEM is doing it again.

Thanks Cool

gentlemand

legendary

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Merit: 3015

Welt Am Draht

It's a fun idea but perhaps its time has passed. I can imagine quite a few original stakeholders might be long gone by now. Would you open up sales to allcomers?

rockethead

legendary

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Quote from: gentlemand on June 25, 2016, 09:57:25 AM

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.

So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.

kwest

sr. member

Activity: 476

Merit: 250

A little sad I ditched my supernode and sold 2M XEM. Yeah, I made money on the rise of Ether instead, but I would've made more with NEM.
Every time I've sold XEM it's been a mistake. Now I'm locking down my 1M and not touching it for a very long time. I'll be keeping an active eye on development and possibly "buying the dip" to get back to 1.5M again (which was my initial stake from the ICO).

Seriously, I am so impressed with what everyone involved with NEM has accomplished. So happy to be a part of this exciting movement, technology, and business. I feel as though it couldn't be in better hands. The potential that I felt that Bitshares had but failed to live up to, I found in NEM instead. Great leadership is key, that much I've learned.

gentlemand

legendary

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Welt Am Draht

Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?

greentea

legendary

Activity: 1418

Merit: 1002

Quote from: rockethead on June 25, 2016, 12:20:02 AM

Quote from: gsxrl3oi on June 24, 2016, 06:22:41 PM

Ladies and gents, the NEM community. I would like to thank those who have supported NEM from the begging and believing with no doubt that NEM can/will change the world.

I WOULD LIKE TO THANK THE DEVS THE WHOLE NEM TEAM FOR ALL YOUR HARD WORK. YOU GUYS HAVE DONE A WONDERFUL JOB. i HOPE THAT YOU ARE ALL PROUD OF YOURSELVES, PLEASE CONTINUE THE GREAT WORK THAT YOU HAVE BEEN DOING AND MAY THIS RECENT RISE IN XEM PRICE MOTIVATE YOU TO EVEN DO BETTER.

I would say thank you to the core community members who stuck with us, believed in us, and defended NEM when it mattered. The journey has been difficult amidst strong claimed competition and naysayers while the devs delivered the solution.

There will be more naysayers as we move along. NEM has been too long under the radar but our perseverance is paying off.

Being a critical person and with all the experience I have, I have no doubt that NEM is the best vertical in its class. Few will realise that and many will adopt the use of the NEM tech in time to come.

The voyage has just begun.

Yes I agree, hats off to the devs & all the NEM team!

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 772. (Read 2985369 times)