Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: devphp on June 16, 2014, 05:16:49 PM



Title: NXT under serious attack! Sell now!
Post by: devphp on June 16, 2014, 05:16:49 PM
Just kidding :D It's for you to pay attention. Now that you pay attention, I have a question for all naysayers and doubters who claim that NXT is vulnerable. How long should NXT run unbroken before you can admit it is secure enough? 1 year, 2 years?

EDIT: don't post no lols. Give your best well-thought answer you can come up with. I mean it. Look inside your doubting minds and post what you really think, however scary it may sound to admit or post publicly. Posting an honest answer requires manly conduct. Ok, let's hear from you now.


Title: Re: NXT under serious attack! Sell now!
Post by: ChuckOne on June 16, 2014, 05:18:33 PM
SELL!!!!!


Title: Re: NXT under serious attack! Sell now!
Post by: DubFX on June 16, 2014, 05:29:44 PM
SELL!!!!!
Did you even read anything besides thread title?


Title: Re: NXT under serious attack! Sell now!
Post by: instacalm on June 16, 2014, 05:31:54 PM
SELL!!!!!
Did you even read anything besides thread title?

Can you spot sarcasm, DubFX? ;)


Title: Re: NXT under serious attack! Sell now!
Post by: devphp on June 16, 2014, 05:37:17 PM
I'll be the first to answer my own question. 1 year. After 1 year I will have no doubts. Your turn now.


Title: Re: NXT under serious attack! Sell now!
Post by: Nullu on June 16, 2014, 05:39:11 PM
SELL!!!!!
Did you even read anything besides thread title?

Can you spot sarcasm, DubFX? ;)

Everyone knows you need six exclamation marks to show people you're being sarcastic.  ;)


Title: Re: NXT under serious attack! Sell now!
Post by: ChuckOne on June 16, 2014, 05:59:32 PM
SELL!!!!!
Did you even read anything besides thread title?

Can you spot sarcasm, DubFX? ;)

Everyone knows you need six exclamation marks to show people you're being sarcastic.  ;)

Exactly!!!!!!


Title: Re: NXT under serious attack! Sell now!
Post by: ChuckOne on June 16, 2014, 06:01:30 PM
I'll be the first to answer my own question. 1 year. After 1 year I will have no doubts. Your turn now.

Well, that is great question and a very bold suggestion.

I am not sure about this. In computer science, there is a rule:

Quote
There will be a bug.

So, actually we will never know. My suggestion to have it tested thoroughly is 5 years. But maybe, 2 years is sufficient for most people.


Title: Re: NXT under serious attack! Sell now!
Post by: twospirit on June 16, 2014, 06:03:03 PM
Everything sold, uffff!


Title: Re: NXT under serious attack! Sell now!
Post by: ChuckOne on June 16, 2014, 06:04:09 PM
Everything sold, uffff!

I will buy for 100 sats for 1 NXT. ;)


Title: Re: NXT under serious attack! Sell now!
Post by: twospirit on June 16, 2014, 06:09:21 PM
Everything sold, uffff!

I will buy for 100 sats for 1 NXT. ;)
My price is 9500  ;D


Title: Re: NXT under serious attack! Sell now!
Post by: darkota on June 16, 2014, 06:10:21 PM
SELL, SELL ALL YOUR NXT BEFORE IT DROPS TO NOTHINGNESS!!!

SELLL!!!!


Title: Re: NXT under serious attack! Sell now!
Post by: devphp on June 16, 2014, 06:12:39 PM
Not many people with manly conduct so far.


Title: Re: NXT under serious attack! Sell now!
Post by: twospirit on June 16, 2014, 06:21:30 PM
In future could be the main security weakness the brainwallet.


Title: Re: NXT under serious attack! Sell now!
Post by: ChuckOne on June 16, 2014, 06:27:33 PM
In future could be the main security weakness the brainwallet.

Sure? Standard wallet makes it easier to steal it.


Title: Re: NXT under serious attack! Sell now!
Post by: twospirit on June 16, 2014, 06:31:54 PM
In future could be the main security weakness the brainwallet.

Sure? Standard wallet makes it easier to steal it.
No  ;) but one day in the future there could be a lot of computing power to bruteforce shorter passwords...or is it impossible?


Title: Re: NXT under serious attack! Sell now!
Post by: instacalm on June 16, 2014, 06:36:52 PM
No  ;) but one day in the future there could be a lot of computing power to bruteforce shorter passwords...or is it impossible?

Sure, it's possible to bruteforce weak passwords. Not strong passwords like the following two examples though:

Code:
doll about remember dwell mean simple princess spill thank doctor everytime whatever
Code:
3wQ4jE>dBpX;N36I4Af81]sE)er.6F/jU/JVr3b$[6p]KXAlpa


Title: Re: NXT under serious attack! Sell now!
Post by: devphp on June 16, 2014, 06:42:55 PM
In future could be the main security weakness the brainwallet.

You don't have to use the brainwallet if you don't want to. There is already a third-party client Offspring that uses wallet.dat just like Bitcoin, and there are plans to have the official client also offer the option of wallet.dat or brainwallet, per user choice. What is your answer to my question in the first post?


Title: Re: NXT under serious attack! Sell now!
Post by: twospirit on June 16, 2014, 07:13:42 PM
In future could be the main security weakness the brainwallet.

You don't have to use the brainwallet if you don't want to. There is already a third-party client Offspring that uses wallet.dat just like Bitcoin, and there are plans to have the official client also offer the option of wallet.dat or brainwallet, per user choice. What is your answer to my question in the first post?
To me, Nxt is already secure


Title: Re: NXT under serious attack! Sell now!
Post by: ChuckOne on June 16, 2014, 07:15:25 PM
In future could be the main security weakness the brainwallet.

Sure? Standard wallet makes it easier to steal it.
No  ;) but one day in the future there could be a lot of computing power to bruteforce shorter passwords...or is it impossible?

Yes. Because standard wallet means: the location of the wallet.dat file is known. So, it can be easily copied.

Brain wallet means: most people will store it somewhere.


Title: Re: NXT under serious attack! Sell now!
Post by: r0ach on June 16, 2014, 07:16:11 PM
I'll buy NXt as soon as you can fix this coding error in it I've quoted below:

Anything premined with an IPO over the span of 1 second usually has an abysmal market penetration defeating the whole purpose of cryptocurrency, or just results in a pyramid scheme to try and force the masses to enrich a handful of people.  This isn't why Bitcoin was created and seems like a blatant hijack of it to turn it into a get rich quick scheme.  If the proof of stake coin is mined over a long period, like Bitcoin is, then my stance on that is obviously different.


Title: Re: NXT under serious attack! Sell now!
Post by: From Above on June 16, 2014, 07:20:35 PM
I'll buy NXt as soon as you can fix this coding error in it I've quoted below:

Anything premined with an IPO over the span of 1 second usually has an abysmal market penetration defeating the whole purpose of cryptocurrency, or just results in a pyramid scheme to try and force the masses to enrich a handful of people.  This isn't why Bitcoin was created and seems like a blatant hijack of it to turn it into a get rich quick scheme.  If the proof of stake coin is mined over a long period, like Bitcoin is, then my stance on that is obviously different.

apart from the fact that ur quote doesnt include any "coding error", what u say was debunked earlier buddy: https://bitcointalk.org/index.php?topic=654244.msg7348518#msg7348518