Ninjastic
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Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
rockethead
on 18/06/2016, 09:29:55 UTC
Quote from: MoneyJ on June 17, 2016, 08:08:42 PM
Quote from: fragout on June 17, 2016, 08:02:38 PM
Quote from: rockethead on June 17, 2016, 06:41:15 PM
Quote from: nzminer on June 17, 2016, 12:43:22 PM
Quote from: rockethead on June 17, 2016, 12:40:26 PM
Quote from: nzminer on June 17, 2016, 11:53:05 AM
I agree, if NEM takes off in Asia, it will spread global.

How cool will it be to go on ebay or amazon and use dragonfly instead of paypal?

You won't see DF as a payment gateway. The very basis of DF's business is to provide the platform for these providers to use. It may very well be FB or Amazon itself that will just use the solution directly. Blockchain is a disruptor and a disintermediating technology.

OK, interesting, i thought thats essentially what dragonfly pay was!!
Sounds like its alot bigger than that.
You will see more clarity very soon. Smiley

Great. Just please dont introduce smart contracts (DAO) Sad

With the recent Ethereum debacle, it is not fair to say smart contracts are deemed to fail . Each blockchain projects have its own codes and security features. Now smart contracts are being integrated to blockchain platforms because it attracts investors or users. Most often than not softwares are being exploited if it does not routinely check its codes. This is the very reason why developers issue quick patches as they see the codes being used can be compromised.

I am not a believer of smart contracts for sure. Remember all software, no matter how well they are designed and developed, will always have bugs. Blockchain contracts are irreversible and immutable. DAO is a very expensive demonstration of what the reality is all about. Think hard about that.

The above is only one aspect of it. THere are many more odds stacked against it.

Ethereum, like NXT, is a great demonstration of computer science and what crypto projects can do. It is still a long, long way from being able to be put to any good use.

NEM is a go between and is a more realistic project. The KISS of blockchain technology. Our focus is true blockchain utility for the mainstream.

That is the fundamental reason why we are still moving along slowly and surely in the right direction while we see calamity in other projects. Even after having said that, the entire crypto community is still very much in the growth phase. I can say for sure that any project, including NEM, can't claim to be flawless.

Our devs are geniuses. That, I have to take my hat off for them.