Don't even get me started on the min transaction fees that will be generated if this thing goes mainstream. What % of that would go to the few people that staked this thing from the git?
This will be changed https://nxtforum.org/news-and-announcements/nrs-releases/msg5229/#msg5229not sure when, but it will change right now with 1 nxt being 0.03 cents, it isn't urgent |
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I will give @solarion the *benefit of the doubt* rather than just "shooting him down in flames".
Yes - it is unfortunate that the "default" client doesn't stop you from entering an "empty" password (or a non-secure one for that matter).
As has been mentioned this will be addressed when the "new" client becomes part of the Nxt standard software.
Understand that early Bitcoin versions had even worse problems (gmaxwell has mentioned some of those) so always when using "alpha" software *be very careful*.
Well this has already been solved, I just tried not to enter password in Wesley web client and it didn't let me. I agree that NRS is to long around. A month ago we were talking that we will have Wesleys web client with incorporated NRS by Jean Luc in a matter of days. Month has passed and still nothing. I just downloaded today a windows client from Weslehy and it is a thing of beauty. I see it is beta, but this needs to be pushed ASAP as our only official client. I don't know how far are we from the moment that is completely safe, but to me it seems safe. This is a question for Wesley. I think it's going to have a delay with NQT introduction. Javascript doesn't have "long", and "int" can't handle that large numbers. https://bitbucket.org/JeanLucPicard/nxt/issue/83/nqt-and-javascript-precision |
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I get that. Think I'd rather stick to coins with wallet.dat files and move coins to online wallets as necessary.
then you didnt choose the right client! https://nextcoin.org/index.php/topic,4525.0.htmloffspring client supports wallet.dat for your passphrase. I USED THE DIRECTIONS FROM PAGE ONE OF THIS THREAD. "Make sure you use a very random, complex password of at least 80 characters. You can use 0-1, a-z, A-Z, special and national characters." dafuq am I going to remember that? I already have 10k passwords floating around in my head. Make wallet.dat and save it there, as that is what bitcoin do anyway  Or use password managers http://www.pcmag.com/article2/0,2817,2407168,00.asp |
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happy to be on it if you're so blind that you cannot see the problem with this.
Don't get emotionally involved with your coin choice.
I actually agree with you. The built-in client can be confusing for people used to bitcoin and the it's clones. People don't read the dialog box at the login. You probably just hit entered without entering any passphrase. That client (which was supposed to be temporary) lasted way too long. It's sceduled to be replaced with this one in near future http://nxtra.org/nxt-wallet/Try that one and it won't let you make that mistake easily, as it will create the pass phrase for you. Thank you for the non-insulting comment. Patience & tolerance seem to be lacking in this thread. I think it's fair to say that if this client that I downloaded yesterday and ran on the most common os in mass use can screw up that badly at protecting me from myself then this coin is not for me and I will not bet on it's future adoption. Had this occurred late last year when this thing was new I could've excused this, but after months if this thing is still to dumb to protect people that re-use another's password then I have no hope for it. The point of Nxt is to be able to access your Nxt from any computer at any location, so we can't have safeguards warning of duplicated password logins. The best thing to do is memorize the last 5-6 digits of your account #, so that you know something is wrong if you enter the wrong passcode. I get that. Think I'd rather stick to coins with wallet.dat files and move coins to online wallets as necessary. This isn't "online" and "offline" issue. Bitcoin creates your private keys randomly and saves it in wallet.dat file. That isn't "offline" if your computer is connected to the internet. Offline would be if you have paper wallet that doesn't exist on any computer connected to the internet. In nxt, the private key is Hash of the passphrase. That happens on your computer. It is not sent to any third party "online" site. |
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I will give @solarion the *benefit of the doubt* rather than just "shooting him down in flames".
Nobody shot anybody down in flames... the situation has been explained plenty... and he/she/it is STILL logged into the other account!?!?!  ...playing ALL stupid too... Do you really think everyone sees nxt on coinmarket site reads all the posts and wikis and everything? He downloaded the NRS first time, hit entered, and got into "null" account. This is how bitcoin clones work. I am sure he won't be the last one to make to make the same mistake. Look how many transactions the "null" account has http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=3791936988034107349 |
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1593 or 1592 less the nonsensical minimum transaction fee.
PM me your Nxt account # associated with YOUR password and I'll send you 1593 later, I think you should at least stick around so you can try Asset Exchange and some other really neat features being released soon. If you do follow his advice, don't choose your password. It needs to be very strong with 128-bit entropy Try this client http://nxtra.org/nxt-wallet/let it create 12 word password (and save it) losing password means losing your account . It can be recovered. Thank you, there are entirely too many competitors to waste any more time on a product as unrefined as this one. I wish you guys well though. Have fun (with all bitcoin clones). See you. |
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1593 or 1592 less the nonsensical minimum transaction fee.
PM me your Nxt account # associated with YOUR password and I'll send you 1593 later, I think you should at least stick around so you can try Asset Exchange and some other really neat features being released soon. If you do follow his advice, don't choose your password. It needs to be very strong with 128-bit entropy Try this client http://nxtra.org/nxt-wallet/let it create 12 word password (and save it) losing password means losing your account . It can be recovered. |
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I DID VERIFY IT. Someone else's account number is *STILL* on my screen and it *STILL* matches the one cryptsy sent to.
It's not someone's else account. It's an account for "null" password. If I hit enter without entering a pass phrase, I get the same account number 3791936988034107349 Nxt is a brain wallet. Private key = Sha256 (password) |
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happy to be on it if you're so blind that you cannot see the problem with this.
Don't get emotionally involved with your coin choice.
I actually agree with you. The built-in client can be confusing for people used to bitcoin and the it's clones. People don't read the dialog box at the login. You probably just hit entered without entering any passphrase. That client (which was supposed to be temporary) lasted way too long. It's sceduled to be replaced with this one in near future http://nxtra.org/nxt-wallet/Try that one and it won't let you make that mistake easily, as it will create the pass phrase for you. |
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Yes copy and pasted got it wrong and I just happen to have sent 1593 from cryptsy yesterday and that less 1 in transaction fees was sent by cryptsy.
This thing is a failure. Total failure. Bye guys, thanks for the help. RUN. AWAY. This thing will never ever work for mass adoption. Those are the first coins of any type I've ever had stolen and I have a dozen blockchains downloaded. Grandma won't have a clue what hit her.
well that's too bad, it should be your fault if you didn't double check, if you tried to do a international wire transfer and put a wrong account account no. you won't get it back, and you won't have anyone to blame. crypto is new stuff and still in development, its not really super user friendly at this stage, i would have tried sending 1nxt just for testing it out first, unless i don't care if i had lost 1,000nxt then i would have send 1,000 at first try.. if its a account collision then its a whole different story but i doubt this is what happened. Actually, Reed Solomon format (if we had implemented it yet) would have saved him from copyi and pastie error. Once again, basic must to do stuff is very slow in coming, |
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The point is that it's POSSIBLE. i
It's possible to arrest all Ripple employee, and shut them down. It's also possible to buy all bitcoin riggs, and take over bitcoin completely. It's also possible that we will be all dead anyway by next mutation of flue virus. I am not losing sleep over any of these possibilities. |
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. I'm hoping to get through to the little guy out there who is reading this forum, thinking about plunking down a large chunk of their salary down on a technology that is being misrepresented in it's marketing and that possibly has huge technical flaws that no developer is willing to answer questions about or clear up. Read the 3rd part of BCNext's plant. It goes right to the heart of what I am getting at.
Ah, he was leaving yesterday, but now we have BrianNowhere permanently here. His life time goal is to spread awareness |
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That's assuming the rest are all dishonest and coordinating together. An impossibility.
If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org) 26% of 1B is 260MM Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate). Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.
If you have answer to that bold part, please share it. If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell. This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires. Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. |
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Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate). Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.
If you have answer to that bold part, please share it.
7MM is not that much money. That's a fucking paltry sum to be able to take down Nxt. Some guy at Goldman Sachs could wipe you out just to give Ethereum an edge. 7MM would be a cheap investment for something like that. You've basically answered me. Nxt is EXTREMELY vulnerable and built on sand. Ah, so someone guy somewhere with 7 million dollars party money will buy 260 million just to destroy his 7 million dollars. How nice. When do yo think that is going to happen? Tommorow? If that evil rich dude waits too long, nxt prices might be up 6 cent in 6 months, then it will cost him 14 million : He better hurry up. |
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That's assuming the rest are all dishonest and coordinating together. An impossibility.
If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org) 26% of 1B is 260MM Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate). Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.
If you have answer to that bold part, please share it. |
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I find the bellyaching over the lack of rewards from forging nearly as distasteful as the complaining about initial distribution. NXT is an incredible bargain at $.03 so stop bitching and buy some.
It is not so much about the reward but more about the lack of incentive to secure the network. If you think user's are going to secure the network in order to secure the network, you are wrong. Once again users with small amount of nxt do nothing to "secure" the network as they can't even forge. All they do is provide bandwidth. Since big holders forge most often, they do have very good reason to run nodes and forge. |
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Im sure all the trashtalk of Briannowhere could be locked with one sentence explaining it mathematically.But people just ignore him.When you solve this he will come with another stupid claim,saying he is legit because he did something for the community.
And dont tell me to be nice with him.I am nice with absolutely everyone, but not with a guy who tries to tilt everyone who is putting much effort here and spend his days creating a bad atmosphere in the thread. I cant believe someone even criticized TwinWinNerD for the escrow, when Brian is just here trying to destroy all your efforts.
Yeah, I'm trying to destroy Nxt. That's why I invested in it. It's people like you who convinced me to stop. I was never into dogecoin but you people could learn a lot from that community. You guys love emule because there's no substance. I'm the worst person in the world because I ask uncomfortable questions you don't want to face up to. I thought you said you were leaving if someone buys rest of your nxt? |
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Why? The rest of billion nxt would be distributed among so many different users, they will never be able to coordinate together to launch a double spending attack (even if individually all are dishonest).
Not if the people who hold that percentage Nxt are all small stakeholders (wide distribution) who don't bother to run open clients. Then you've got a security problem. How would that be? If people with small amount of nxt don't run nodes, the big holders still get to forge most blocks. How has anything changed? You need one person (or a large group all coordinating together) with more than 500 million nxt or something to generate more than 10 blocks in a row My understanding is that 51% of ALL stake needs to be running open clients AND be good guys. That's assuming the rest are all dishonest and coordinating together. An impossibility |
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Why? The rest of billion nxt would be distributed among so many different users, they will never be able to coordinate together to launch a double spending attack (even if individually all are dishonest).
Not if the people who hold that percentage Nxt are all small stakeholders (wide distribution) who don't bother to run open clients. Then you've got a security problem. How would that be? If people with small amount of nxt don't run nodes, the big holders still get to forge most blocks. How has anything changed? You need one person (or a large group all coordinating together) with more than 500 million nxt or something to generate more than 10 blocks in a row |
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We don't have pools, but even if we do, we have like 150 people with over 1 million nxt? As long as some of them are forging, no pool is going to forge 10 blocks in a row anytime soon
150 ppl holding 150 Million is not half of a 1 billion. You need 351 more millionaires to protect the network. can there never be pools with Nxt? Everything that's going on today is not what will be going on tomorrow. Why? The rest of billion nxt would be distributed among so many different users, they will never be able to coordinate together to launch a double spending attack (even if individually all are dishonest). |
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