Lol.

We will see. All these poor fools putting money into NXT

It's an obvious scam.

And the term I used 'my bet' is a figure of speech, not a literal term. You probably just misunderstood as you're Russian. Who would have thought a Russian running a totally fraudulent / scam coin eh? Stereotypical, maybe.....

I have 2 cards in xfire and wondered if it was possible to have CGminer mine two different coins, one on each card.

Say SPT on one card and GDC on the other.

If so, how?

I just deposited some BTC tonight, played for 3 or 4 hours, made a little BTC profit, cashed out for the night, will deposit again tomorrow.

Excellent site, very well made and well run it seems.

I will be back tomorrow night for more

Yep that's because he has made his 21 BTC, now just to sell off whatever NXT he has before the masses realise it's a fake...profit.

Right, so they won't see my balance.

So tell me, or CfB, you tell me, I send my 1000 NXT to an address say 11111111111111111111.

How does the 'system' know that really I mean to send it to the address with the full key 11111111111111111111999999999999999999999 or the address with the full key 1111111111111111111155555555555555555

Let's say it doesn't and two of us (or more) can log into our own wallets. I have the one ending with the 9s and you have the one ending in the 5s.

How does it know that the coins are mine and not yours? How does it stop you spending those coins?

I have now.

Tell me, how is that code used?

Because, and tell me if I am wrong:

I can send NXT from my wallet to any other wallet by inputting ONLY their 18/19/20 digit wallet key.

Anyone that can open their wallet that has that same 18/19/20 digit wallet key has access to those NXT.

Anyone that has access to those coins can move / spend those coins?

The problem is if you would create a wallet that happens to have the same first 20 or 19 or 18 characters as someone else.
Say I do that, buy some NXT and leave them there.

Someone else with another password logs in and coincidentally has the same 20/19/18 etc characters to their public wallet. They will see my coins and be able to spend them.

Until the wallet addresses are updated to create more wallets, it is fundamentally flawed and insecure.


This is the bad point. And this is my point. If you don't understand it, please, reread what I am saying.

There are too few wallet combinations available making it too easy to brute force some passwords to access someone else's coins.

Again - full disclosure - are you an early adopter, do you have NXT and are you selling NXT?

My bet is yes you have NXT and are selling NXT.

You're an idiot if you think I am talking about some random fluke where 2 innocent users happen upon the same key. I am talking about brute forcing the system.

You create a thread and post about Bitcoin being open to a collision attack with a chance of finding same key 10^24. You, in your own words say it's not a big number and can easily be done with hashing power of BTC.

Now NXT has 10,000 fewer possibilities that this at 10^20 (though I suppose it's actually 10^20 + 10^19 + 10^18 etc....but this doesn't increase the order of magnitude by that much really).

FACT - NXT CAN BE BRUTE FORCE COLLISION ATTACKED VERY MUCH MORE EASILY THAN BTC.

This from the NXT thread:

You spoke good enough english in the thread you argued that BTC was insecure because of a 10^24 chance of collision, whereas it's 10^20 with NXT. How does that figure?

So how does that affect chances of collision?

I keep seeing posts from you with no real answers. Never answers. The closest you have got is a post saying "wait until the source revealed and all will be clear".

It really is like one of those auctions where a guy tries to sell you a black box that looks like it contains something valuable, without actually telling you what's inside. When you buy it and open it, it's just junk.

Totally agree with you here.

The main flaw for me is POS encourages hoarding by design.

Also having a vast majority of coins with a few of the wealthiest users creates a high chance of a massive crash if they ever liquidate their stock.


But I do love how these early adopters pretend none of this is an issue, at least until they sell off their coins for BTC.

Still, compare the number of possible 'wallets' with the number of possible passwords.

The number of collisions is HUGE.

Screams EXTREMELY badly designed coin to me and backs up what I have thought all along, that this coin is a scam.

Can someone here with better knowledge re Cryptography and security than me (or anyone on NXT forum it seems) please answer this:

NXT receiving address is 20 characters long made up of only numbers - therefore 10^20 combinations.

Passwords to open wallets can be many more characters, therefore many many more combinations to open only 10^20 possible wallets.

Secret phrase can be any 100 unicode chars.

SHA256(secret_phrase) gives private key.
Curve25519(private_key) gives public key.
SHA256(public_key) gives account id.
First 64 bits give VISIBLE account id.


Now, if I send coins to one account using their VISIBLE account ID (20 characters long) which is all that is required with NXT, then multiple passwords can open a wallet with the SAME visible account ID.

Apparently, the first account to send those coins on has ownership.

What am I missing here?

I have no motive to obtain the source code. Personally, I couldn't do much with it anyway, I am not an expert in that field at all. I have contacts that could inspect it and tell me what's what.

I am talking about the release of the source in general, to the community.

The bitcoin source was released, inspected by people with the know how and no major flaw found - hence BTC is relatively stable and I have trust in it. I trust that it isn't a cheap badly written piece of crap that will get ditched and leave every investor with nothing.

Now, if the source for this NXT coin is the next big thing, what do the developers have to fear by releasing it, except copy cat coins?

Look how many copy cat bitcoin clones there are and look how Bitcoin is still by far the strongest.

If NXT has what it claims, it has nothing to fear.


No arguments?

My arguments are clear.

1 - No source code released, so how can anyone trust there is more to this coin than meets the eye (ie buggy alpha stage basic coin)?
2 - Other than massive speculation, what's the reason the early investors feel that after a month, they can sell their NXT at 300x the value they bought them at?

I just don't think that until this coin is really tested and proved to be secure etc by the community that people here should blindly buy masses of NXT in the hope of 'getting in early'

I saw a post by some guy saying he had invested nearly $15k into NXT. Either he has more money than sense or is a real gambler, because the truth is no one has any evidence this coin is anything more than we see right now.

I haven't seen a definite answer on this. The plan was to release the source on Jan 3rd I believe, but the post on NXT forum seems to ask whether it should be limited.

I don't understand why so many of you guys that aren't early investors, and have no real stake in this currency blindly believe that all these features will come to fruition without seeing any evidence.

Doesn't the partial release of source, buggy client and lack of information feel very shady to you?

Lol you guys.

You call me the troll?

You just try to shout down any argument that gets in the way of you selling off your NXT at 300x profit while you can.

Time will tell who's right. Let's see.


Why would I need to bet with you?

I have my BTC, I have LTC, I have Ripple and FTC and IFC and I have some NXT. I have no interest in betting with anyone else, I have the coins I have and that's a gamble enough for me.

This will go 1 of 2 ways.

1. I am wrong and the source gets released IN FULL and the price of NXT jumps up. You profit. Excellent.

2. I am right. The source gets partially released. The other features don't appear. The code is proved insecure and the price drops. Everyone loses except for the creator and early investors that sold off at least a 300th of their stock.

Yes, we will see. My bet, partial source code gets released only. The part where we're up to now. It won't include these promised features, basically because they don't exist.

The more I read the more I think the coin was created by someone trying to make a fast buck. It's a good old fashioned blind auction type scam. Plus I don't think it's particularly secure the way it's set up right now with wallets only protected with a password.

The stakeholders probably aren't in on the scam, but are trying to protect their investment and make a profit by pushing this coin and shouting the doubters down.

Of course, you are free to invest what you like. I personally have invested a little LTC in NXT - just in case I am wrong (and I hope I am). But I think that people need to look at this with eyes wide open and think for themselves, before rushing into buying NXT - trying to get on board early.


Correction - NXT promises to have innovation in future. Right now, there is nothing.

Yes, of course, the full and uncut source code proving these advanced features and an actual difference from BTC would prove me wrong. And I would be happy to be proved wrong.

Judging by the talk over at nxt forum, it does seem that the source code isn't going to be released though, not fully. That almost solidifies the doubt for me now.

As I said over on Nxt forum, if I wanted to try and scam people out of BTC, it would be easy to create a really basic coin and really basic interface (full of bugs) with the promise of so much more hidden in the source code, all to come in the not to distant future.

But, before it comes, let's sell off this coin at a rate equal to 6000 BTC for the whole lot.

The little bit of source code there is will be released in dribs and drabs to try to keep interest alive whilst the inital stock is sold.

Once interest fades or anger arises from the lack of transparency, it's too late, there will have been hundreds of BTC invested, the creator has had his money, everyone else loses theirs as the coin collapses.

Just buy through LBC mate, it's easy enough, though first time buyers will usually be limited on quantity they can buy on there.

If you really want to get in, PM me and I can sell you some for bank transfer at current market rate.