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NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2829550 times)
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Oldman53
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September 20, 2018, 09:18:17 AM
 #37901


Almost every month one exchange gets hacked. Its like exchange owners never learned any lessons from previous hack. Or they allow to get "hacked" and they
split share with hackers Huh

Thats why every day i more and more hate centralized exchanges. I almost create account on zaif but they request full account verification and i dont never again
give my info to anyone.

NEM Foundation made an announcement that all NEM funds are safe on Zaif exchange. Finally they making more in order to protect the user funds. Lets remember last NEM hack...looks like they didn't back funds

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cryptonit
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September 20, 2018, 09:19:25 AM
 #37902

as u can easy see NEM is on bottom even that bad news cant drive the price more downwards.

if u turn communication in the right direction it can even be turned in a success.


first we need to make clear that core devs even if working for a company related to zaif are working independet for NEM too no matter what happens to zaif.

and also it should be pointed to the fact that NEM was one of the coins not stolen because it allow easy to implement a high security multisignature solution

 
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ormin79
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September 20, 2018, 09:45:56 AM
 #37903

@Jenska

I know that You are waiting for dump, to fill Your bags. I am waiting too. But i dont scream about this here. Its ugly behaviour from Your side. Shame on You!

https://www.tradingview.com/chart/XEMUSD/nThsaMxZ-After-bubble-correction/

Its nothing new in case of XEM, that after bubble we have deep correction. Especially after 2017 - year of great bubble in cryptosphere. Patience is the key, not screaming. Money likes the silence.


The dump already happened. The price is down to almost 2016 pump levels. It is not correction when asset lost over 95% of its value in less than a year. It is called crash.

Tech Bureu probably will cease it operation which mean Mijjin Catapult will cease to exists > NEM as a project is pretty much done

Crashes are part of corrections. Size of correction is dependent on size of bubble before. Even 99.9% is correction. Of course looks unhealthy and scary, but market (especially weak hands) tend to panic if they hold XEMs from higher levels, and dont cut losses at the begining of new selloff phase, so they are selling near significant dips. That is transfer of value from dumb to smart. Look @BTCUSD correction from 2013 bubble. Was also deep (fast 90%), was crashy in nature, but was not definitely end of the project. NEM is not done. This is to good technology to be done. NEM is in phase of accumulation by whales. Old ones and new ones. The lower the price, they will be more satisfied. They are collecting their XEMs from arbitrage robots. I do the same. Half from arbitrage in XEMs, half in fiat money for special promotions (if i will see 1-2 cents in XEM that will be huge promotion in terms of price vs technology behind that project).
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September 20, 2018, 10:29:36 AM
 #37904

https://www.ccn.com/licensed-crypto-exchange-zaif-plans-compensation-after-6000-bitcoins-60-million-crypto-theft/ Tongue Tongue Tongue Tongue Tongue Tongue


nem is safe Kiss Kiss Kiss Kiss
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September 20, 2018, 01:14:50 PM
 #37905

great news about hacked@@@@@@@@


"FISCO, a Japanese investment firm, is providing about 44 million USD to cover losses in exchange for majority of @zaif shares. If you have deposits there, you funds might be safu"

Interesting.. 👀 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
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September 20, 2018, 01:41:29 PM
 #37906

great news about hacked@@@@@@@@


"FISCO, a Japanese investment firm, is providing about 44 million USD to cover losses in exchange for majority of @zaif shares. If you have deposits there, you funds might be safu"

Interesting.. 👀 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
How about correlation between the mentioned hack and NEM project?
I don't see correlation between them and possible effects on NEM price on market.

tongokongo
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September 21, 2018, 12:51:35 PM
 #37907

Tech Bureau fucked up. But the NEM cult in Japan is still huge. Check out my video about Openapostille, NEM notarization tool made by the Japanese contributor Smiley

https://youtu.be/WnECHyd060A
^^^^

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September 21, 2018, 01:23:12 PM
 #37908


Almost every month one exchange gets hacked. Its like exchange owners never learned any lessons from previous hack. Or they allow to get "hacked" and they
split share with hackers Huh

Thats why every day i more and more hate centralized exchanges. I almost create account on zaif but they request full account verification and i dont never again
give my info to anyone.

I think hacked exchanges are part of the game as it is very lucrative for every hacker out there to target them. The hacker earns a lot of money and since most hackers like the challenge, had some fun doing it. Cold storage or multi signature are just some ways to prevent further losses. I hope that more exchanges take the security topic more serious or they will simply be overrun by DEX

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September 21, 2018, 01:37:47 PM
 #37909


Almost every month one exchange gets hacked. Its like exchange owners never learned any lessons from previous hack. Or they allow to get "hacked" and they
split share with hackers Huh

Thats why every day i more and more hate centralized exchanges. I almost create account on zaif but they request full account verification and i dont never again
give my info to anyone.

I think hacked exchanges are part of the game as it is very lucrative for every hacker out there to target them. The hacker earns a lot of money and since most hackers like the challenge, had some fun doing it. Cold storage or multi signature are just some ways to prevent further losses. I hope that more exchanges take the security topic more serious or they will simply be overrun by DEX

That is the dark side of centralized exchanges current we heard so many news regrading hack events but this is fault of the services providers. I also think DEX has more bright future because of its secure structure and soon people will move to that ecosystem.






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Blondoar
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September 22, 2018, 01:32:24 PM
 #37910

as u can easy see NEM is on bottom even that bad news cant drive the price more downwards.

if u turn communication in the right direction it can even be turned in a success.


first we need to make clear that core devs even if working for a company related to zaif are working independet for NEM too no matter what happens to zaif.

and also it should be pointed to the fact that NEM was one of the coins not stolen because it allow easy to implement a high security multisignature solution

you cant go deeper than this because investors simply won't hold back to buy, its like bitcoin back at 2000$, you simply have to buy at those levels or you're an idiot

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September 23, 2018, 11:06:12 AM
 #37911

any new release soon? I am pretty surprised for the price making a spike.
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September 23, 2018, 11:18:06 AM
 #37912

Hello!
tell me please, there are some events on the coin in the next two months?

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September 23, 2018, 11:41:04 AM
 #37913

NEM BULL Grin Grin
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
hold and buy or cry later
Alohaboy?!
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September 23, 2018, 07:55:14 PM
 #37914


Almost every month one exchange gets hacked. Its like exchange owners never learned any lessons from previous hack. Or they allow to get "hacked" and they
split share with hackers Huh

Thats why every day i more and more hate centralized exchanges. I almost create account on zaif but they request full account verification and i dont never again
give my info to anyone.

I think hacked exchanges are part of the game as it is very lucrative for every hacker out there to target them. The hacker earns a lot of money and since most hackers like the challenge, had some fun doing it. Cold storage or multi signature are just some ways to prevent further losses. I hope that more exchanges take the security topic more serious or they will simply be overrun by DEX

That is the dark side of centralized exchanges current we heard so many news regrading hack events but this is fault of the services providers. I also think DEX has more bright future because of its secure structure and soon people will move to that ecosystem.

I agree that DEX might be one way to go. I think some project will establish a multi coin wallet with atomic swap or something like that in the future. But usability is the key function to all of this. Anyway, nice to see NEM making some gains. I think it really bottomed out and the hard work of the whole team might soon pay off

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September 23, 2018, 07:55:56 PM
 #37915


Almost every month one exchange gets hacked. Its like exchange owners never learned any lessons from previous hack. Or they allow to get "hacked" and they
split share with hackers Huh

Thats why every day i more and more hate centralized exchanges. I almost create account on zaif but they request full account verification and i dont never again
give my info to anyone.

I think hacked exchanges are part of the game as it is very lucrative for every hacker out there to target them. The hacker earns a lot of money and since most hackers like the challenge, had some fun doing it. Cold storage or multi signature are just some ways to prevent further losses. I hope that more exchanges take the security topic more serious or they will simply be overrun by DEX

That is the dark side of centralized exchanges current we heard so many news regrading hack events but this is fault of the services providers. I also think DEX has more bright future because of its secure structure and soon people will move to that ecosystem.

I agree that DEX might be one way to go. I think some project will establish a multi coin wallet with atomic swap or something like that in the future. But usability is the key function to all of this. Anyway, nice to see NEM making some gains. I think it really bottomed out and the hard work of the whole team might soon pay off

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Today at 10:09:38 AM
 #37916

Below is copy paste part of article related to PetroCOin,NEM and Zaif hack. Sory everyone for long text.


The Petro is based on the NEM blockchain.  The idea for NEM originally came from a Bitcointalkuser named UtopianFuture, but NEM was developed by an Osaka company called Tech Bureau, led by a character named Takao Asayama.  The NEM Foundation is domiciled in Singapore and physically located in the oil-rich nation of Malaysia.

Takao Asayama is said to be closely connected to Takafumi Horie, a notorious character in Japan who is deeply connected into the Asian underworld.  Horie is a kind of a Japanese Elon Musk—an aggressive technology businessman who was criticized for his M&A practices and actually went to jail for market manipulation tactics.  It’s said that when Horie went into jail he may have been “grey,” but when he came out he was fully “black” and 60 pounds lighter.  Horie is the founder of a rocket company called Interstellar Technologies which has unfortunately experienced two failed launches.

The logo for NEM is a combination of counterclockwise-rotating Japanese mitsudomoe symbol and a shield representing the Reuleaux triangle shape used inside of the internal combustion engine.  NEM stands for New Economy Movement, not to be confused with the New Economic Model (NEM), an affirmative action plan developed by the former Malaysian prime minister and the Malaysian Chinese Association.

The NEM cryptocurrency is based on a consensus algorithm called Proof-of-Importance, which is an attempt to improve upon the rich-get-richer characteristics of Proof-of-Stake algorithms.  In Proof-of-Importance, accounts are assigned a “reputation” or “importance” score, such that accounts that are deemed to be more important to the NEM ecosystem are awarded with more new currency units.  We fear that over time NEM’s consensus algorithm may need to be renamed Proof-of-Maduro’s-Importance.

NEM was at the center of the Coincheck hack of January 2018.  In that event, hackers broke into a Japanese cryptocurrency exchange called Coincheck and stole over $500 million dollars worth of NEM, making it one of the largest thefts in the history of the world.  The hack cast a pall over the cryptocurrency market in Japan and contributed to the global sell-off that became the cryptocurrency bear market of 2018.  The hack also reduced the number of exchanges trading NEM in Japan to only one—the Zaif exchange owned by Tech Bureau itself.

In March 2018, the Japanese FSA issued a business improvement order to Zaif and several other exchanges over their security and anti-money-laundering practices.  This put Zaif and NEM in the awkward position of being close to complete shutdown in Japan.

Then on September 20th 2018, Zaif announced that it had been hacked to the tune of $60 million, but also announced that a bailout loan was being arranged through a Horie-connected Japanese investment advisory firm called FISCO.  As part of the deal, FISCO would take a majority share ownership in Zaif.  Since FISCO already operates its own cryptocurrency exchange in Japan and is already partnered with Zaif, the bailout could be seen as a way for FISCO to subsume Zaif and start fresh with a clean regulatory record.

Just one day after the Zaif hack was announced, cryptocurrency investors were left scratching their heads as the price of the Ripple cryptocurrency surged by more than 60%.  But as one Twitter user keenly noted, “Anyone attempting to explain this Ripple move should also explain why Monacoin is up roughly the same amount.”  In fact, Monacoin, billed as “the first Japanese cryptocurrency,” was among the cryptocurrencies stolen in the Zaif hack.  If the hackers of the Zaif exchange wanted to unload their stolen Monacoin, it would make a lot of sense to pump up the price first.

But back to the topic of the Petro, how and why did Maduro decide to base the Petro on the NEM blockchain?  After all, Venezuela is a world away from Japan.  To answer that question, we need to look at some of Maduro’s cryptocurrency advisors.

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Today at 10:32:59 AM
 #37917

BINANCE VOTE FOR NEM


NEM (XEM) Rating - The Smart Asset Blockchain

Institution's Rating
A (Low risk, good project hype, good team, good product progress, good transparency, good VC backing, good community trust.)
 
2018-09-18
NEM (New Economy Movement) is designed primarily for the enterprise that aims to modernize smart assets; a concept used instead of smart contracts, to facilitate ownership of data/assets. A native coin named XEM powers the network and, like other tokenized blockchains, the coin is used pay for transactions executed on the network.

It is unique for its 1 minute block time, multisignature accounts, proof-of-importance (POI) algorithm and other unique innovations. POI runs in a client-server model which means the client consumes less energy and is able to operate on low powered computers and smartphones because the full copy of the NEM blockchain is not required.
lemonandfriesonetwo
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Today at 01:43:02 PM
Merited by DenisZabar (1)
 #37918

I am just posting to get my post number up and give notice. I have lost the password to my original "LemonAndFriesOne", until I am able to figure out my password again I will use this account to post. I have checked and it doesn't seem my original account was hacked, just mistakes happened on my end and did not take precaution in case I forgot my password.

Any NEM news worthy of reading?
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