NEM XEM whatever name it goes by, let's fucking talk about it. Why is it blowing up? I've heard talk of Japan...

NEM XEM whatever name it goes by, let's fucking talk about it. Why is it blowing up? I've heard talk of Japan, what's their involvement?

How much do you own?
>12k here

Meme it up and make bank bros.

Other urls found in this thread:

blog.nem.io/the-beginners-guide-to-nem/
twitter.com/AnonBabble

i talked about this at fucking 100 no one gave a shit

its solid

I wish I had seen your post and gave a shit...

What's so good about it? It seems to me like almost all of it's value comes from ease of use and asian interest. Not that any of those are bad.

your coin just dropped 400sats in like 20 mins bro. what gives brah?

The thing will be Sybil attacked if it every becomes seriously relevant because "muh reputation system" is a shit basis for a currency.

oh for real?

10x this year, yeah its ok, i dont hold

>your coin just dropped 400sats in like 20 mins bro. what gives brah?

Buy the dip.

And then transact with XEM.

"Proof-of-Importance" (POI) is the first reputation based blockchain algorithm that just doesn’t reward those that hold as much stake as possible without spending or those that do unrelated work outside of a blockchain ambivalent to the actual activity in it.

Each account’s individual importance score is calculated by stake, how much of that stake has been vested, the transactions going out of the account, and with which accounts it transacts. This encourages accounts on the NEM blockchain to be active accounts in the network"

So what are the benefits of spending it and improving my importance score?

I did buy some more on the dip. I'll be holding this one for a while

blog.nem.io/the-beginners-guide-to-nem/

'Proof of Importance' is a way in NEM to make sure that all the computers on a network agree with each other and helps decide who can ‘harvest’. This helps to keep everything safe from hackers and keeps NEM working well. It’s a big part of how we make sure people are telling the truth about the things that our ‘Blockchain’ keeps track of, like how much money a person owns. ‘Proof of Importance’ helps to make sure that every person using NEM can agree on everything and stops people from spending more than they have. It uses mathematical formulas made from information about an account to decide how important a person is to the group.
The more important you are, the better chance you have of getting that free money when you’re ‘Harvesting’! That means people want to be important, so they won’t lie! Once you are important, there are a couple more things that decide just how important you actually are. Your ‘Vested Balance’, who you send money with, how often you send money, and how much you send are all considered when figuring out how important you are. To fake all of these things would take more money than a liar would stand to make. The best part? This means we can always trust an important person.