xtester



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Risk taker & Black Swan farmer.







Hero MemberActivity: 840Merit: 500Risk taker & Black Swan farmer. Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members April 12, 2015, 07:11:43 PM #16045 A brief clarification and overview



I think it's very important to understand and clarify some things here as some people are unsatisfied with our current situation and this may well be due to some unrealistic expectations. While I make this point, do note that we read everything and appreciate every bit of thoughtful criticism we can receive.



After so much time and energy invested, NEM has finally launched. As you have seen, we have had a fairly smooth launch and our platform seems to be behaving as expected until now. A lot of work has been put into this, and our dev team has done everything to ensure NEM is an innovative and solid platform to build upon. Thus, our launch is a major step forward in proving that NEM is real and that our dev team can really deliver valuable innovation. But while we have launched, NEM is far from complete. In fact, all the work leading to our launch has only been our first major step in taking NEM from concept to reality. We have a great team and a solid technological foundation to build upon, so on the one hand that's everything one can wish for, but on the other, there is still a lot of work to be done. Although we are already ahead of most crypto projects, you must understand that NEM's features, killer apps and ease of use are not here yet, but are expected to be implemented until V1. This is why the price discussion, though seemingly justified now, will probably look at best negligible in the long run. We are planning to hit the masses, but not with the current version.



The real journey has just begun. There will probably be a lot of hurdles and unexpected events along the road, but this will no doubt be one hell of a ride judging by all the great people we have on the team and passionate community members. What I am really saying, is that the real value of NEM lays in the future. Both dev team and marketing team have been and are still working hard because this is not the point when NEM is complete and we can relax, quite the contrary. There's still a long way to go and one year from now, NEM will probably be a lot closer to what we want. Once our we will have those things implemented, then we will be ready to offer real value and utility. That will be the point where we will hype things and everyone will hear about NEM. Right now, well, we're not there and we have work to do, but this goes one step at a time.



Bottom line: The bad news is there is no guarantee in this game, despite best intentions we could fail. The good news is we have a great and passionate team which is still here and even bigger after one year, we have not run away with your money(big plus for this since it's very rare in crypto-land ) and we have delivered a solid, viable, though not yet complete product. This are the valuable things NEM has to offer now and the things with which it sets out on this journey. As it stands, chances are in our favor but there's still a long way to go, so we'd better start working smart and working together. See you later.



This is a personal note and does not necessarily reflect the views of anyone else in the NEM Team.



Cheers,

xtester I think it's very important to understand and clarify some things here as some people are unsatisfied with our current situation and this may well be due to some unrealistic expectations. While I make this point, do note that we read everything and appreciate every bit of thoughtful criticism we can receive.After so much time and energy invested, NEM has finally launched. As you have seen, we have had a fairly smooth launch and our platform seems to be behaving as expected until now. A lot of work has been put into this, and our dev team has done everything to ensure NEM is an innovative and solid platform to build upon. Thus, our launch is a major step forward in proving that NEM is real and that our dev team can really deliver valuable innovation. But while we have launched, NEM is far from complete.We have a great team and a solid technological foundation to build upon, so on the one hand that's everything one can wish for, but on the other, there is still a lot of work to be done. Although we are already ahead of most crypto projects, you must understand that NEM's features, killer apps and ease of use are not here yet, but are expected to be implemented until V1. This is why the price discussion, though seemingly justified now, will probably look at best negligible in the long run. We are planning to hit the masses, but not with the current version.There will probably be a lot of hurdles and unexpected events along the road, but this will no doubt be one hell of a ride judging by all the great people we have on the team and passionate community members. What I am really saying, is that the real value of NEM lays in the future. Both dev team and marketing team have been and are still working hard because this is not the point when NEM is complete and we can relax, quite the contrary. There's still a long way to go and one year from now, NEM will probably be a lot closer to what we want. Once our we will have those things implemented, then we will be ready to offer real value and utility. That will be the point where we will hype things and everyone will hear about NEM. Right now, well, we're not there and we have work to do, but this goes one step at a time.The bad news is there is no guarantee in this game, despite best intentions we could fail. The good news is we have a great and passionate team which is still here and even bigger after one year, we have not run away with your money(big plus for this since it's very rare in crypto-land) and we have delivered a solid, viable, though not yet complete product. This are the valuable things NEM has to offer now and the things with which it sets out on this journey. As it stands, chances are in our favor but there's still a long way to go, so we'd better start working smart and working together. See you later.This is a personal note and does not necessarily reflect the views of anyone else in the NEM Team.Cheers,xtester

BloodyRookie



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Hero MemberActivity: 687Merit: 500 Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members April 12, 2015, 07:31:07 PM #16046 Quote from: quadruples on April 12, 2015, 06:56:37 PM Unfortunately this has not been tested on Unix, or more specific OS X 10.10. The installer for version 0.6.26 did not worked, so I grabbed the TGZ file...



Followed the same steps as mentions for Windows and adapted for *nix - but see the following Java exceptions when starting 'nix.runMon.sh':

- download nis-ncc-0.6.26.tgz

- untar

- open a terminal

cd ~/Downloads/package

./nix.runNcc.sh

- wait a moment and open a new terminal session

./nix.runNis.sh

- wait a moment and open a new terminal session

./nix.runMon.sh



**** broken ****

. . . .

2015-04-12 19:37:12.333 INFO FrameworkServlet 'Spring MVC Dispatcher Servlet': initialization completed in 1477 ms (org.springframework.web.servlet.DispatcherServlet initServletBean)

2015-04-12 14:37:12.333:INFO:oejsh.ContextHandler:main: Started o.e.j.s.ServletContextHandler@33617539{/,null,AVAILABLE}

2015-04-12 14:37:12.340:WARN:oejuc.AbstractLifeCycle:main: FAILED ServerConnector@6e46d9f4{HTTP/1.1}{0.0.0.0:8989} : java.net.BindException: Address already in use

java.net.BindException: Address already in use

at sun.nio.ch.Net.bind0(Native Method)

at sun.nio.ch.Net.bind(Net.java:437)

at sun.nio.ch.Net.bind(Net.java:429)

at sun.nio.ch.ServerSocketChannelImpl.bind(ServerSocketChannelImpl.java:223)

. . . .

Caused by: org.h2.jdbc.JdbcSQLException: Database may be already in use: "Locked by another process". Possible solutions: close all other connection(s); use the server mode [90020-175]

at org.h2.message.DbException.getJdbcSQLException(DbException.java:332)

at org.h2.message.DbException.get(DbException.java:172)

. . . .

(org.nem.core.deploy.CommonStarter main)

2015-04-12 19:37:15.355 INFO NEM Infrastructure Server 0.6.26-BETA shutdown... (org.nem.core.deploy.CommonStarter main)





Common guys - please test before releasing it. I did a port scan between port 8000 to 9000 and nothing?

Should this not be: 0.0.0.0:8989 --> 127.0.0.1:8989



Looks like you already got another instance of NIS running or some other program is using the db. Looks like you already got another instance of NIS running or some other program is using the db. Nothing Else Matters

NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ

NXT: 11095639652683007953

quadruples



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NewbieActivity: 17Merit: 0 Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members April 12, 2015, 08:01:13 PM #16054 Quote from: BloodyRookie on April 12, 2015, 07:31:07 PM Quote from: quadruples on April 12, 2015, 06:56:37 PM Unfortunately this has not been tested on Unix, or more specific OS X 10.10. The installer for version 0.6.26 did not worked, so I grabbed the TGZ file...



Followed the same steps as mentions for Windows and adapted for *nix - but see the following Java exceptions when starting 'nix.runMon.sh':

- download nis-ncc-0.6.26.tgz

- untar

- open a terminal

cd ~/Downloads/package

./nix.runNcc.sh

- wait a moment and open a new terminal session

./nix.runNis.sh

- wait a moment and open a new terminal session

./nix.runMon.sh



**** broken ****

. . . .

2015-04-12 19:37:12.333 INFO FrameworkServlet 'Spring MVC Dispatcher Servlet': initialization completed in 1477 ms (org.springframework.web.servlet.DispatcherServlet initServletBean)

2015-04-12 14:37:12.333:INFO:oejsh.ContextHandler:main: Started o.e.j.s.ServletContextHandler@33617539{/,null,AVAILABLE}

2015-04-12 14:37:12.340:WARN:oejuc.AbstractLifeCycle:main: FAILED ServerConnector@6e46d9f4{HTTP/1.1}{0.0.0.0:8989} : java.net.BindException: Address already in use

java.net.BindException: Address already in use

at sun.nio.ch.Net.bind0(Native Method)

at sun.nio.ch.Net.bind(Net.java:437)

at sun.nio.ch.Net.bind(Net.java:429)

at sun.nio.ch.ServerSocketChannelImpl.bind(ServerSocketChannelImpl.java:223)

. . . .

Caused by: org.h2.jdbc.JdbcSQLException: Database may be already in use: "Locked by another process". Possible solutions: close all other connection(s); use the server mode [90020-175]

at org.h2.message.DbException.getJdbcSQLException(DbException.java:332)

at org.h2.message.DbException.get(DbException.java:172)

. . . .

(org.nem.core.deploy.CommonStarter main)

2015-04-12 19:37:15.355 INFO NEM Infrastructure Server 0.6.26-BETA shutdown... (org.nem.core.deploy.CommonStarter main)





Common guys - please test before releasing it. I did a port scan between port 8000 to 9000 and nothing?

Should this not be: 0.0.0.0:8989 --> 127.0.0.1:8989



Looks like you already got another instance of NIS running or some other program is using the db.

Looks like you already got another instance of NIS running or some other program is using the db.

This answer is really not helpful and definitely seen as a brush off saying to users: "Get lost!!!"?? Like calling the bank and saying you can't access your funds, the support person tells you someone else is using your account, just have a look...?



The exception states a few things:

java.net.BindException: Address already in use

Database may be already in use: "Locked by another process".



As stated - NOTHING shown up on port 8989, AND can also confirm no other process it running. The installer failed, the command line option failed, no need to say"

"Looks like you already got another instance of NIS running or some other program is using the db." This answer is really not helpful and definitely seen as a brush off saying to users: "Get lost!!!"?? Like calling the bank and saying you can't access your funds, the support person tells you someone else is using your account, just have a look...?The exception states a few things:java.net.BindException: Address already in useDatabase may be already in use: "Locked by another process".As stated - NOTHING shown up on port 8989, AND can also confirm no other process it running. The installer failed, the command line option failed, no need to say""Looks like you already got another instance of NIS running or some other program is using the db."

zanzibar



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Hero MemberActivity: 715Merit: 500 Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members April 12, 2015, 08:22:38 PM #16057 Quote from: Come-from-Beyond on April 12, 2015, 07:50:33 PM Quote from: Eadeqa on April 12, 2015, 07:44:10 PM Who is responsible for unrealistic expectations? You guys. Just a week before the launch, makoto1337, the developer, was claiming the marketcap would be 30 million at the launch.



It's cryptoland. You can't seriously blame him for that.

It's cryptoland. You can't seriously blame him for that.

The whole landscape for alts is changing. There will be no big pumps of any new launched coins. Hell, even BTC doesn't seem to get much pump from good news. To me, people are thinking rationally about the true value of crypto, I think Bitcoin is a bit undervalued but pretty close to what it should be. I think Nxt has the most/best features, but not enough people are utilizing it, so it's value is low. Ethereum will be the most disappointing launch of 2015. I think Alts will continue to fail in 2015, people will just be trying to time their sell orders. I like NEM and think the development team is great, but people aren't excited about POI, just like they aren't excited about POS at this point. By mid 2016, BTC will remain the clear winner and everyone will be looking to develop features for BTC as a way to profit, rather than launching Alts. The whole landscape for alts is changing. There will be no big pumps of any new launched coins. Hell, even BTC doesn't seem to get much pump from good news. To me, people are thinking rationally about the true value of crypto, I think Bitcoin is a bit undervalued but pretty close to what it should be. I think Nxt has the most/best features, but not enough people are utilizing it, so it's value is low. Ethereum will be the most disappointing launch of 2015. I think Alts will continue to fail in 2015, people will just be trying to time their sell orders. I like NEM and think the development team is great, but people aren't excited about POI, just like they aren't excited about POS at this point. By mid 2016, BTC will remain the clear winner and everyone will be looking to develop features for BTC as a way to profit, rather than launching Alts.

Tobo



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Hero MemberActivity: 763Merit: 500 Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members April 12, 2015, 08:26:24 PM #16058 Quote from: Eadeqa on April 12, 2015, 07:44:10 PM Quote from: xtester on April 12, 2015, 07:11:43 PM A brief clarification and overview

I think it's very important to understand and clarify some things here as some people are unsatisfied with our current situation and this may well be due to some unrealistic expectations. While I make this point, do note that we read everything and appreciate every bit of thoughtful criticism we can receive.

Who is responsible for unrealistic expectations? You guys. Just a week before the launch, makoto1337, the developer, was claiming the marketcap would be 30 million at the launch.

Who is responsible for unrealistic expectations? You guys. Just a week before the launch, makoto1337, the developer, was claiming the marketcap would be 30 million at the launch.

Be realistical and honest and doing the math. Before the launch, on the AE, one Nemstake (2250000 xem)is about 1.3 btc. But the Nemstkes on the AE are only 1/4 of the total Nemstakes (correct me if I am wrong on nember). After the launch, all Nemstakes are available for trade. The market is literally diluted by 4 times.



What do you think the price will be? In a normal market, the price of one Nemstake (2250000 xem) should be 1.3 btc/4. It will be overachieved even having the current price. IMO, everyone should expect the price will be going even lower and NEM team should focus on the technology and long term real utility of crypto tech Be realistical and honest and doing the math. Before the launch, on the AE, one Nemstake (2250000 xem)is about 1.3 btc. But the Nemstkes on the AE are only 1/4 of the total Nemstakes (correct me if I am wrong on nember). After the launch, all Nemstakes are available for trade. The market is literally diluted by 4 times.What do you think the price will be? In a normal market, the price of one Nemstake (2250000 xem) should be 1.3 btc/4. It will be overachieved even having the current price. IMO, everyone should expect the price will be going even lower and NEM team should focus on the technology and long term real utility of crypto tech