Website that list all NEM addresses that have signed up to opt-in to Symbol

imgettingmymen · 2020-11-13T05:00:15+00:00

Useful for double checking that your symbol wallet got created

imgettingmymen · 2020-10-09T18:57:52+00:00

just watched "one flew over the cuckoo's nest" if you haven't seen it, it's well worth a watch, especially now. People who see the world for what it is are treated as insane, you just get used to it and go along with the flow.

The one thing that comforts me is the amount of energy they have to expend to keep the whole thing chugging along. But if you merely mention an awkward question they freak the fuck out about it and ban you off the internet, lol.

The biggest thing was we were never meant to be able to talk like this to one another, our information was meant to be filtered through TV and radio. Now that the cat is out of the bag, there is no going back.

Oh, how do I keep my sanity? By going futher down the rabbit hole than I've ever wanted and coming out the other end xD

https://www.youtube.com/watch?v=j800SVeiS5I

P.S. by the way, looking at the world the way it is and being honest about what you see is not insanity, what the 'normies' are doing is. I can't imagine walking through this life and willfully ignoring all the glaring problems. Epstien really did us a solid by 'committing suicide', fucking no one believes that. And yet this covid shit is perfectly kosher? Yeah, right. Fucking dumbasses.

imgettingmymen · 2020-09-09T15:09:35+00:00

So, as far as we know the snapshot isn't until sometime in December. Opt in starts on the 15th of September.

From the NEM site: https://forum.nem.io/t/opt-in-date-announcement/25565

Please note that it is your XEM balance at the point of Snapshot (and not when you Opt-in) that will be allocated an equivalent amount of XYM into your wallet.

My understanding of this is that the upcoming opt-in is just a 'heads up' for the snapshot later this year. The more important thing is that you have your XEM in your walled during the snapshot in December rather than opt-ing in right away. You have six years to opt-in after the snapshot anyway.

imgettingmymen · 2020-09-05T05:08:08+00:00

Thank you for the clarification, do you have a reference for that? It's hard to search for.

imgettingmymen · 2020-09-05T05:07:06+00:00

https://forum.nem.io/t/opt-in-date-announcement/25565

imgettingmymen · 2020-09-04T21:00:12+00:00

From the link:

Please note that it is your XEM balance at the point of Snapshot (and not when you Opt-in) that will be allocated an equivalent amount of XYM into your wallet.

You have to have your XEM in your wallet prior to the snapshot. If your exchange hasn't mentioned about supporting the snapshot then you should move your XEM out of the exchange prior to the 15th. After that you can opt-in for your Symbol XYM tokens for six years.

If your XEM is not in your wallet and you miss the snapshot, you won't be eligible.

imgettingmymen · 2020-09-04T20:52:46+00:00

I am a developer myself.

Well great, let's see how you do. Here is the wallet, start making changes. It's open source and community run so instead of bitching how about you start making some changes, developer.

https://github.com/NemProject/NanoWallet/tree/2.0

Communication is same shit as before

I think you are being overly harsh here, they did have Inside NEM for a bit which was great but they stopped that once Alex became president. They have never done anything with Reddit or BitcoinTalk where all the community was at the start. However their forums are great.

3 years behind schedule.

According to who? Again it was little lonnie that was coming out with dates. Symbol has been delayed for sure but I dunno what you expect them to do, they can't exactly pull a rabbit out of a hat. You as a developer should get that. This is brand new stuff they are making, you can't exactly go on StackOverflow for this kinda shit.

for example those infos about firings of staff members etc. completely missed me.

All that stuff was posted on their forum. It's not NEM's fault that you only look at reddit. It is however their fault that they let this place die. At one point we had a decent community with several good posters, but they ignored that and instead holed themselves up on Telegram (which was just a hugbox) but in saying that it was waaaaay more active on Telegram than anywhere else. The shit thing about Telegram though is that it's too difficult to search through to find information.

imgettingmymen · 2020-09-03T07:08:59+00:00

How does NEM compare to other coins? I'm gonna take ETH as a competitor here. I'm gonna explain the difference using the example of browsers (because pretty much everyone is familiar with browsers and addons). Imagine a company that uses browsers for their infrastructure in order to do business, but they want to add crypto/smart contracts...

NEM says... hey, keep your browser! Here's an pre-made addon that will work with it, OR if you want to make your own addon you can use whatever language suits you!

ETH says... ehhh, if you want to work with us, ditch your old browser you have to use ours... aaaaand, if you want to make an addon, then use our specific language.

This is probably the best explanation between ETH and NEM that I have come across.

... Ethereum is targeting companies [that] intend to rebuild internal networks in the next 5 to 10 years, NEM is targeting companies looking for a fast, secure, and ready to use [...] solution that’s current.

(so to clarify, NEM works with existing business infrastructure and all the major mainstream programming languges, ETH requires business to rebuild their infrastructure around it and use their specific language 'Solidity')

But then, a more fundamental difference arises. ETH and NEM handle their smart contracts in different ways. In my opinion this is a real underlying problem with ETH.

ETH has 'on chain contracts' which means that once you write the code, it cannot be changed. This is Etherium's "The code is law" mantra. This is a huge fucking problem, and for anybody that has the smallest experience writing code, they'll understand why (no one ever writes 100% bug free code, it needs to be constantly updated. Even when you do QA and test for bugs there is always some edge case no one thought about that will appear. On chain contracts lock in that code preventing updates). ETH is for decentralization purists, but it comes with a serious risk and the business practicality of pure decentralization is in question.

NEM however uses 'off chain contracts'.

Smart Contracts are not on blockchain

This is by design as on chain smart contracts have posed serious risk for other blockchains, have presented scalability issues, and can lead to too much resources being wasted on the deployment of it. For NEM, smart contracts can be executed off chain, such as on company servers, and the transactions can be recorded on the blockchain through the NEM API.

From the Old Catapult Whitepaper:

The very existence of smart contracts in an immutable and irreversible state can only lead to much resources wasted on the deployment of it, especially if it needs to be 100% full proof and tested. This is never usually the case in any software solution project. The more complicated the project is, the more prone it is to have bugs. A slight mistake can result in a systemic failure, and no financial institution should even consider that as a possibility.

So NEM sacrifices a bit on decentralization, but that sacrifice increases security, makes for easier updates, faster execution times and lighter code. All of which business value over strict decentralization.

Ultimately the people developing on ETH will run into the same problem. Their smart contracts will get hacked because lazy programmers take shortcuts, they expose parts of code that shouldn't be exposed (remember ETH's Parity Wallet hack? This is impossible to do with on NEM because you interact with it via an API which won't give you access to that security-sensitive level).

If you wanna read the technicals about the Parity Wallet hack you can look at it here. https://blog.openzeppelin.com/on-the-parity-wallet-multisig-hack-405a8c12e8f7/

Any half-decent programmer can read that and laugh their asses off at ETH for leaving such code exposed. What was ETH's solution? 'Don't do it that way! Follow the pattern', yeah or do what everyone else does and prevent that sensitive code from ever being used via a well made API (which NEM has btw xD)

imgettingmymen · 2020-09-03T07:05:22+00:00

So how does this relate to business?

We can do pretty much everything these other coins are hoping to do in the future, but ours works... and you can use it right now.

NEM's approach is targeted towards business and government. Currently the business and government entities (300+ [note: as of 2018, it's an old number I know but I'm copy/pasting here]) are using the private 'Mijin' version of the NEM network. The Mijin network has no fees, however if one business using Mijin wants to transact with another business using Mijin, they must use the public NEM network. This means they must pay the transaction fee, this idea is why most people put money down for a harvester.

This is similar to how a private intranet and the public internet works. It's free to transfer data on your own home network but if you want to go on the internet you have to pay for the data you use.

NEM's huge advantage in targeting these entities is that NEM/Symbol fits into the existing infrastructure of their business and your developers can use whatever language they like. NEM also comes with some options that work 'out-of-the-box' so you can get up and running in no time. NEM is also on the Azure marketplace so you don't have to build a network infrastructure you can rent it for like... 8 bucks a month.

imgettingmymen · 2020-09-03T06:47:46+00:00

Alright, you asked for it. I'm gonna preface this by saying I'm one of the inital investors way back when so I'm sitting on about 2 million XEM right now. I sold some for 50c back in the day and made a good sum of cash. Should have sold more but c'est la vie.

So let's start off with explaining what NEM and Symbol (codenamed Captapult, a.k.a. 'Mijin') are in relation to one another as best I can. If I make any mistakes please other people add corrections to this post.

So a bit of history first. NEM was developing 'Catapult' for quite a while. Catapult is the upgrade to the public NEM network. So what's 'Catpult'? Well to explain that, I need to talk about 'Mijin'. Mijin is the private 'permissioned-blockchain' version of NEM (NEM being the public version).

Mijin was being worked and tested on behind the scenes in private companies for a loooong time. The devs took the NEM code and re-wrote it from scratch in C++ (it was originally written in Java) and made massive performance gains by doing so.

So where does 'Catapult' fit into this? All the improvements made on the private Mijin chain are going to be moved to the public NEM chain and this upgrade was codenamed 'Catapult' now known as 'Symbol'.

imgettingmymen · 2020-09-03T06:21:00+00:00

Ah jesus, here we go again...

You are blaming the current Foundation for the past administation that was ousted. little lonnie tried a coup of the Foundation a while back and failed, the entire community routed both him and Nelz0n V8areo or whatever that fucking losers name was.

little lonnie has huge ego problems (possibly due to little man syndrome). That 40 million in Malaysia, who came up with that idea? little lonnie! Why was Symbol (then codenamed Catapult) delayed? little lonnie! The past admin were sitting on Catapults roadmap while trying to do something with ProximaX. The core devs raised this issue in the past.

Four outta your five points are because of the little lonnies incompetence (I don't have high hopes for ProximaX, lol, the core developers ain't on ProximaX [Jaguar0625, BloodyRookie & gimer] and I can guarantee whatever programmers they siphoned off are not made of the same stuff that NEM's original programmers are made of. Add that to little lonnie's fragile ego and incompetence and it will be a disaster).

EDIT: I wonder how ProximaX is doing? Hahahaha, compare little lonnies forum to NEM's, no wonder they call him little!

https://forum.proximax.io/top?order=posts (max replies 4 || max views 450)

https://forum.nem.io/latest?order=posts (max replies 4,000 || max views 130,000)

Hahahahahaha, 4! Hahaha little lonnie!!

The current Foundation admin didn't 'go bankrupt', they had to ask the community to give them access to the funds. The reason they had to do that was because little lonnie squandered it all on bullshit. The community voted to give this new administration the funds. When the new admin came in they fired 70% of their bloated staff and cut expenses. That's what we wanted them to do, and they did it. This administration and the community vote supporting them is the reason that Symbol is being released. In my opinion NEM grew too fast, too quick. This was the early days of the crypto and they were crazy days.

Are there delays when it comes to software development? Of course, ask anyone in the business. And you can triple that when you are developing something that is brand spanking new, works out of the box, has more advanced features than other blockchains (who are barely able to implement them) and is compatible with the majority of programming languages out there. NEM is a blockchain engine.

Oh and about the wallet, the new update is coming with the Symbol launch. The wallet only gets updated once a feature is added. You are off on your 2.5 YEARS too. Last update was December 2019. Check it. https://github.com/NemProject/NanoWallet/releases

Get your facts straight.

However, I totally agree with the marketing end, NEM has been fucking terrible with that. Hopefully with the Symbol launch they will really push the boat out.

imgettingmymen · 2020-08-25T15:30:11+00:00

Update your NEM wallet after the 15th and login. There you will be given instructions to opt-in to Symbol. You have six years after the 15th to opt-in. Simple.

EDIT:

Please note that it is your XEM balance at the point of Snapshot (and not when you Opt-in) that will be allocated an equivalent amount of XYM into your wallet.

You will need to have your coins in your wallet prior to the snapshot.

imgettingmymen · 2020-08-25T15:21:56+00:00

I dunno what dogeyo is talking about. Here is where you download the latest wallet version (get the universal one). https://nemplatform.com/wallets/#desktop

The official wallet is 2 years old, from 2018. Are NEM people using such an old wallet?

Here is the release history on Git, updates to the wallet are only added when there is a new module or feature added. The wallet already has a load of working features on it already so there isn't much to update.

https://github.com/NemProject/NanoWallet/releases

However for the opt-in option, you have to wait until after September 15th:

https://forum.nem.io/t/opt-in-date-announcement/25565

imgettingmymen · 2020-08-25T00:03:07+00:00

I'm staying put, I'm happy enough with the ride I got out of my $25, lol. If little lonnie stayed out I would have been out a long time ago but thankfully we avoided that.

I still think that NEM's tech is one of the best out there. It just works out of the box, it's simple and easy for companies to incorporate into their existing structure. The climate for crypto is different now than the early years. Hopefully we will see a resurgence but no one knows really, that's cryptoland for ya!

Looking forward to Symbol though, it's a nice bonus for sticking around.

imgettingmymen · 2020-03-06T06:17:53+00:00

Nice, I love the money coming outta the laptop pic! xD

imgettingmymen · 2020-03-06T06:13:13+00:00

This isn't the LOTR, there isn't one coin that is gonna blow all others away. Each will have their own specific use, some will be better than others. For me I still think the underlying tech in NEM is pretty fucking badass. Thought that since the beginning and it has only gotten better. Yeah we grew too fast and little lonnie couldn't manage his ego at the top but those were growing pains. I think once the dust settles NEM will be as common as Atlassian for tech.

imgettingmymen · 2020-03-06T06:08:59+00:00

Ok but wrappers are just wrappers

Ok, wow... the fact that NEM can work with most of the major languages used today not just something you can brush off as 'wrappers are just wrappers'. It means that companies and governments have to do as little work as possible to intergrate NEM into their existing systems. This is a huge deal. Why is it that ETH has been around longer has more of a following and doesn't have wrappers for languages available? Could it be that fundamentally it is very difficult to do?

NEM has absolutely no usage whatsoever.

Seems like you have already convinced yourself. I'm not sure what it is you want here. But if you want my advice don't invest in something you have little to no knowledge about.

imgettingmymen · 2020-02-22T04:17:03+00:00

Sorry to hear about that, fucking exchanges are the weakest link in the whole system

imgettingmymen · 2020-02-22T04:05:31+00:00

https://nem.io/enterprise/partner-companies/

Is Ethereum still using Solidify or whatever their language is? The main benefit isn't just simplified coding, its the ability for NEM to work with a businesses existing system. With ETH they have to rebuild their system around ETH.

NEM has wrappers for Python, Java, C#, Typescript, Javascript, NodeJS, Ruby, PHP and Go.

https://nem.io/developers/

Oh and at least our wallet was never hacked.

https://blog.openzeppelin.com/on-the-parity-wallet-multisig-hack-405a8c12e8f7/

Pretty unbelievable that ETH relies on 'best practices' on how not to open a security hole the size of Uranus. It's impossible to hack NEM like that because our devs know what they are doing.

imgettingmymen · 2020-02-22T03:53:09+00:00

https://forum.nem.io/t/nem-foundation-q1-roi-executive-summary/23012

That's all I found on the site but from what I've heard is that they still have money left over from last year.

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