Quote from: MrPortMan on July 30, 2015, 07:58:18 AM

NEM isn't going to compete with BitCoin, NEM will compete with Pay Pal, VISA, and Master Card Shocked

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NEM - technology of a block chain, as always was told during very long time. The technology of a block chain only received draft recently. The technology of a block chain will be measured by millions of users in the next years. Existence of 10 million users on NEM on average demands 1 transaction a day that at least 100 million XEM fed it, 3 billion a month, 1/3 full address.

I.e. 9 billion coins of XEM became ideal quantity for all world economy. Even with a stock left if consider internal turns on maxima 3 billion XEM a month. Such situation can give the chance not only compete with Pay Pal, VISA, and Master Card, but also subsequently to prove to the whole world that NEM much more functional new technology of a block chain as system of payments (including additional functions) than representatives of this world's leading three of PP, VISA, MC.

The new fourth player in the person of NEM which in all the parameters approaches to conform to requirements of payment systems is in all respects planned. And it is instantaneousness of carrying out payments. All three payment PP, VISA, MC systems possess property of instant transfer of means. NEM of course isn't instant, but within 1 minute it is possible to send means to anyone around the world. The technology of a block chain of NEM processes 1 block 1 minute. Thus, when nembex will be overflowed and take too much place on a disk, it will be possible to reduce considerably thanks to snapshots the weight of the file of a block chain of NEM. Thus the increasing number of transactions won't be an obstacle for new users who only start using for them new technology of a block chain of NEM. From developers it is required to make so that as much as possible to reduce time of the first full synchronization for novice users. It isn't necessary to keep them waiting at all for long hours of full synchronization with a network because they won't wait. They need instantaneousness at any time. I came into a network, it was quickly synchronized (process has to be as it is possible it is most accelerated by means of snapshots), I sent payments, messages, or other stay in a NEM network. If not to make it, users will choose PP, VISA, MC and anything with instant payments but only not that it is long necessary to wait to be synchronized. Therefore in this plan of NEM technology of a block chain it is necessary to correspond in all respects to speed and instantaneousness of payment PP, VISA, MC systems.

I will make a few derogation from a subject.

Now the era of mobility began, people go with smartphones, tablets, and so on. The era desktop personal computers gradually starts going to yesterday. Therefore not to lag behind, I consider that development of the mobile NEM app is the correct step towards to the future. There, in a mobile application, most likely it won't be necessary to wait for synchronization. I started and at once use all functions which are available there which will be constantly supplemented. It is necessary if for something to pay it isn't obligatory to climb in a pocket behind a credit card, it will be possible to pay directly from NEM of a mobile application. Operation of payment will be instant. I know, all of us are owners of smartphones, tablets we look forward to emergence of the mobile NEM app to test this system and to see own eyes as there all inside. The share of users of mobile applications will grow every year and grow in a geometrical progression and if the NEM mobile application conforms to requirements: Instant synchronization at the first start, decentralization, small weight, all these pluses will be able quite to compete with PP, VISA, MC. People will use even more often in calculations of XEM. It is necessary only fiat to bring gateway really there in the app in the form of assets, for convenience of instant replenishment through gateway of XEM of a mobile wallet. Further the following stage of development it is necessary to introduce in a mobile application of service providers. For example it will be possible to pay directly from the NEM mobile application for mobile communication, for the Internet, to buy tickets for the international transport, or to buy tickets for example at cinema. The services sector needs to be introduced in the app, and constantly to fill up the list of service providers that the user on all cases in life needed only one NEM mobile application.

Users of a mobile application will be one many more than users of the personal computer of versions of the NEM network. Therefore it is necessary to introduce a services sector. But first of all it is a supply multiple the fiat gateways for convenience of deposit and withdrawal that operation of deposit was as it is possible it is most accelerated for the user. To transfer money with PP, VISA, MC to XEM that was through locks as fast as possible and simply.

Original on Russian here : https://bitcointalk.org/index.php?topic=455591.msg12006329#msg12006329

Yes, I think it is very clear what we need to do. I think at least in the short term, centralized solutions need to be built as bridges from the fiat world.