Today in Episode 3 of Better Know a Shitcoin we take a look at NEM, which stands for "NEM".

Currency Symbol: XEM (Why not just use "NEM" as the currency symbol? Because that would be confusing with the Nematode phylum, silly goose!)

What's Different?: According to the propaganda found at http://nem.io, the security is better, or something. Also it has a wallet with "notarization", which tells the world "Fuck the state, but please initial here." And there's something about public/private blockchain combinations, which I'm sure works super well.

What's the Market Cap?: $2 billion, currently the number 3 alt-butt behind Nipple and mEth.

How is this shitcoin secured?: NEM uses "Proof of Importance" (you can't actually make that shit up) instead of Proof of Work to verify transactions and blah blah blah I'm sure it works until your web wallet gets pwned or the whole company goes tits up.

What can I do with this shit?: According to the website, "You can send and receive payments and messages quickly, securely and at low cost on a global scale without the need for a bank account. You can make/buy/sell/trade assets and goods worldwide. In future, there shall be more exciting features." So, basically Bitcoin.

Interesting Facts: None.

Where can I buy some?: Shitcoin Central (Poloniex), as well as some other even dodgier exchanges. There's also a faucet on their site, just in case you've lost all hope in your life.