Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
Very good to see that even with market conditions like these XEM still holds its value and offers a great opportunity to buy more of it. Keep it up guys and dont fear today, think about the upcoming years instead!
What do you talking about, with "holds its value" ? Last half year, XEM dumped hardest from all TOP20 coins (we were in TOP5 club before, do you remember?). Now it's clearly sitting on the same (#17) position and all the movements are clearly driven by market waves, speculations and manipulations - and of course by BTC moves. Unfortunately; and we'd hope that this will change somewhere in the future. But, of course, 97-99% of all altcoins are under the same pattern, it's not just XEM speciality right now.
NEM has no mining, that means day traders are far less interested as there are no miners to trade with, just other speculators and investors, and during a bear market that makes NEM dull for the vast majority of current crypto users. This is actually good news, as it means NEM can survive in top20 without speculators and new adoption that will inevitably come during the next bull market, just off the fundamentals of the tech, community & devs.
My only worry is what happens when supernode rewards drop to zero overnight in just over a year afaik ... that scares me a lot!
There has been talks in the past about lowering the requirements for supernodes and most likely a new node reward program will be built.
Do you have any details on these 'talks' , are they official from dev team or just speculation from community?
What happens after supernode rewards end is all that keeps me from going balls deep on NEM, it just seems like madness to have such a great product, but leave open the possibility of literally 100's of millions of XEM locked up in supernode all getting liquidated at the same time in the last week's of the supernode rewards, surely a better way is top up the reward fund from other sources like silver coin, and then start a gradual tapering off of rewards. Who will run a supernode when rewards end, what happens to all those xem, how many nodes go offline? I am scared!
Yes, there is records of such talks in this thread. I won't look through the hundreds of pages but you can search for it if you want proof of these talks.
And why would super node owners dump millions? Why would the program end in a second? Why wouldn't devs think of gradually changing to other types of node requirements while keeping the super node program alive? Why wouldn't super node owners just create more nodes from what they already have in NEM and possibly gain more profit sharing?
See what I did there?
