Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
Don't make the mistake of thinking you won't lose Xem. Highest probably Xem will lose value because of the 2 chains and Xym will be better (at least that's what they try to make us believe). Just look at other blockchain projects who had a similar development -> it didn't end up well. The smart people will dump a day or two before the snapshot. Only the gullible will be left holding the bag, thinking that they will have gained twice the value. Don't let the Foundation trick you by telling you that they will figure out a way to keep the Xem chain alive.
It's not that hard to keep alive. What will be hard is retaining any value.
No one should be buying XEM for any reason other than getting XYM. Once it's over XEM will plummet. It may well make a pointless comeback during generalised shitcoin pumps as literally anything will so I wouldn't burn my private keys just in case.
I don't really see how they're going to make XYM visible enough for it to get anywhere near XEM's position or former positions. I certainly hope they do have some impressive plans. If XEM got significantly higher than it is at present during a pre split pump I'd be very tempted to dump and walk away without looking back.
Completely agree with you, except from the community funds. The community voted to grant the Foundation a pot of money. so they didn't just have access to it. I'm afraid soon they will come back asking for more while they haven't delivered what they had been so enthusiastic about a year ago. They spent soooo much on marketing but yet nothing to show up for.
By the way super weird that Luxtag is asking for donations for their company
By the way super weird that Luxtag is asking for donations for their company
Hmm. I completely forgot there was a public vote about that. The vast majority of marketing spend happened before the present foundation. The old one is responsible for the total squandering of everything. I seem to recall it was tens of millions. I don't have particularly strong feelings about the present set up. They have a lot of work to do with fewer resources. If Alex hadn't won and the old guard got in again there would be no upgrade at all most likely. I seem to remember they were actively blocking it or simply doing nothing.