STOLEN XEM FROM ANDROID WALLET
Guys I have been keeping a few thousands coins in Android wallet for about  two months. I loged in yesterday after couple of weeks of non activity and found ZERO balance.The coins has been stolen. My transaction history shows that first amount of 10 NEM was withdrawn and two minutes after whole balance!!!

It is mobile app for android.I never lost it and noone ever had access to wallet except me.  Private key I keep in secure off line place and use strong password to log in. How someone can get access and withdraw funds???
This info I found in security section in the wallet.
Version:
1.0.66 BETA-Mainnet
Warning - this is development version and it can send to developers some sensitive information like transactions and/or encryption keys.
No private keys or passwords are being sent.


Does anyone of you have any experience  with malicious  software.Is it unnoticeable. I was online when coins was stolen.My device is protected. Allowing installation  from unknown  sorces was disabled  . I did not  installed any other apps  for the last couple of weeks. How  malicious  software  can  get  access  to app  protected  with very strong password and the most disturbing  why  developers of this wallet  do not respond to this issue. I posted it on many places.

One wonders what the most effective use of advertising / marketing is

now imagine a 40M buy wall on polo Versus other options.

Which one would get the most attention......

I kinda think the one with 10000 Bitcoins plus on polo, would probably be one of  the most effective form of marketing......as everyone would be writing about it.

Also why did they choose Malaysia, proximity to singapore and less cost?

Guys... I know everyone is belly aching over price... but I assure you there is a huge volume of institutional itnerest going on. We aren't currently equipped to respond to the fire hose of interst. We are working to change that as outlined in this organizational transition stuff you hear about, but this doesn't happen in 24 hours. Dealing with cryptos intersecting with business, especially in the US, is very difficult. Finding knowledgable resources at the law and accounting level that can help take on the legal stuff is difficult. We are having to crawl lots of professional resources to identify good partnership for the long haul.
NEM has always ran lean and mean, as you know.

Additionally, some of North American folks are doing a really stellar job working on things like org charts and self sustained funding... certified solution integration franchising and so forth. Most os uf working hard on this stuff come out of fortunte 50 IT and engineering for global companies and are applying t he same rigors.
I promise you folks like myself that are involved are going 100% professional or going home.
I'm either going to succeed or fail.
I want to see NEM compete with the same level of professionalism and sucess as any other technology vendor in big business (IBM, Oracle, Microsoft, etc.)
I think the problem is a lot of people here are looking at our public facet (reasonable), and that's not going to blow anyone away. We are back in the enterprise focusing on solution integration for large companies.

Evenetually we will come full circle back to the public sector the way people use Java on the desktop or whatever.
But if you want to focus on uptake you need use cases.
And use cases primarily come out of the commercial sector unless your only value proposition is "Store of value" in which case Bitcoin is crushing most people most of the time.
Bitcoin is BitGold, and that's cool, and I'm fine with that. But if you want to build the decentraelized Internet you need a whole lot more than value routing. We are focusing on that as a platform, but it requires relationships in the commerical sector.

Guys... these ICOs building "banking in a box"... that's not how it works. I have been talking to a lot of financial institutions and most of them will tell you they have business rules. It's ridiculous t o think Bank of America has the same business rules as Wells Fargo. Yes... if you want to be extreme you can say Bitcoin will be M2 money and replace banking all together, but there is a lot more to the financial sector than just storing value.

Insurance, loans, so forth... these ICOS pressing this have white papers, but not 100 years of experience dealing in the industry. If we find a middle ground where these companies can continue to operate with their LOBs and relationships but retool their infratstructure on blockchain to reduce churn, cost, and friction of their business as it relates to the end user, it's a win. And these people will want to build these systems themselves based on their business rules.

THis is the attack vector NEM is taking and I'm not sure anyone else is doing this. Even Ethereum's "enterprise offering" is losing toe to toe with NEM in some tests in the industry. NEM was looking at this in 2014... we have a few years head start there. A lot of the other platforms are treating throughput and scalability as an after thought.
If anyone is pressing F5 every day to see nem "price" and despairing, go trade ETC. If anyone here is holding nem because they think some time down the road this stuff will integrate with the comemrcial sector and the public chain will have value, yeah, put it in a "drawer" and close it and check back in 6 months. I don't know what else to tell you guys.
You guys have to remember, if you win the commercial sector, the public sector is easy.
It's like "Bank  of America is building on NEM APIs, why aren't you?"
It will be like "hey everyone is using Java, why are you using some weird Fortran 77 strack fory our app"
And remember, when developers for blockchain start to become mainstream, these resources will float around. Some guy that wrote against NEM APIs in a big business will go to some small start up and do it for a public facing project.
But the traianing and intellectual property will be funded by big enterprise. This has long been true.

I understand there are grassroots languages and frameworks that become popular in the developer community (GoLang I guess), but there are languages that dominate big business. We want to position NEM to be an enterprise grade stack. This is why I'm very supportive of what @kstellana is doing with the framework. That will be akin to the Spring framework with Java, and we need to support his efforts in the community to get help dveloping tools like that that make development easier for guys like me that already know how to do restful stuff but don't want to learn all the internals of signing a transition. We want to do that once, and audit the code, and give it to the community and not have to have them wonder if they are doing that part right.

To be honest I am worried about NEM. I got in pretty early, but for last month or so I am often times asking myself "what are we offering that other currencies do?". I really hope some good news and development happen and NEM train keeps going.

looks like the markets are starting to rebound today, so that's good.
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.

So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?

what is everyone's thoughts?

XEM been dumped dramatically during the past 24 hours for the favor of the current ETC pump. I guess this will start to switch suddenly at any moment "ETC->XEM"

The price has risen so rapidly that it's pretty tough to respond to things like that. They have reduced the fee in the past. They'll need to do it again. It seems the primary moan is Poloniex's withdrawal fee which is now about $4 so it's becoming more like BTC all the time.

NEMred group is not accessible. How can I join?

They "only" raised 2.6 million NEM so that is not the reason for the price rise.

I didn't hear of ecobit before though, sounds like it's been running for a while now. Anyone know something about this project?

Guys, read this:  https://motherboard.vice.com/en_us/article/we-were-warned-about-flaws-in-the-mobile-data-backbone-for-years-now-2fa-is-screwed?trk_source=header-logo

What do we do, 3FA ?
Man, my life is becoming complicated. Theres no way to avoid implanting chips under my skin, or such . . .

Hey kid, cut the game stuff, and you could be really great around here ! Try again !

Why is the fee to huge? I moved my XEM from an exchange and the transaction fee was 15 XEM? I was expecting less than 1XEM.
Hope to see XEM to the moon before I lay on my death bed.