Re: NEM (XEM) Official Thread -100% Original Codebase

depressing when your importance slides Cry

do exchanges build up a bs level of importance on the NEM network?

You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.

no exchange should be gaining POS coins from users funds Shocked

RIP NEM. Make exchanges rich and they dump free coins. Shocked

its worse then that if exchanges stake, also you and i send coins we get fees, on the coins we stake we earn (at this point it seems no matter what I do my fees will always exceed my stake earnings, hold my network importance goes down, move or use i get fees).

now exchanges can use our coins to earn, but charge us the fees for moving, HUGE win win for them LOSE LOSE for genuine holders, all the while the increase their network importance, further more ripping the users off who's coins they are borrowing Shocked

Seems exchanges will eventually OWN NEM Cry

The largest NEM exchange Poloniex harvested only 66266 xem until now.
Is it much?
It's less than the trading fee I 've paid in Poloniex.
Furthermore, Polo does not harvest at present.
http://nembex.nem.ninja/#/search/NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D
Breathe fresh air and wake up from delusion of grandeur.

wtf delusion of grandeur have to do with it?

you're best reply is it isn't a big flaw because one particularly exchange at the point hasn't taken full advantage of the flaw, wow just wow Shocked

there's very much a serious flaw in NEM if exchanges stake. also movements in and out of xchanges give them an unfair network advantage.

so what the net benifit, purpose to NEM? to replace the greedy fiat banks with greedy network participants?

ffs revise your math before going live Lips sealed