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3341  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:44:46 PM
Then Microsoft (or whoever) could market themselves in Nxt by having one line blurb on their website that says "Add Microsoft to Nxt by trusting 723549872359875"

Exactly - also as I stated their website can make it very easy for you to put the "scary number" onto your clipboard.
3342  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:42:42 PM
so we are returning to the:

What you are doing is now "trolling" to make this go in yet another circle.

That really isn't helpful at all.
3343  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:39:49 PM
promote with asset id. The only unique thing that need to be unique.

So as I said (let's try it again) - have a link to your HTTPS website (so say https://microsoft.com/nxt).

On the page is the "asset id" which you can click on to put on the clipboard.

Now you go to the Asset Exchange and "paste" in that asset id - "viola" the asset named Microsoft shows up and you keep that one.

So you see - it doesn't matter *how many* Microsoft listings there are - and the user has been "forced to do the right thing" from the very start.
3344  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:36:56 PM
They need to say: go and buy asset "Microsoft" with the bigest volume ?

They could simply create something on their (HTTPS) web page which "puts the mystical number" on to your clipboard (just like a Bitcoin address).

You then "paste" in that number and: "viola" the *right* Microsoft is now selected!
3345  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:34:49 PM
True that twitter in not an Asset exchange.For that reason people will be even more cautious,as they are dealing with money.

And they will be "doubly" as cautious if they see "two names" instead of one.
3346  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:27:33 PM
This is a use case that basically clinches it for me.
Thanks for being a beacon of common sense. Smiley

Again an Asset is not like an email account or like a twitter account - so that is a very bad analogy.

Here then is my "compromise" solution:

Asset names are just Alias names - so anyone who didn't already get their alias - tough luck.

Let's just piss of every single business and individual rather than "try something different" because "we would rather help those who squatted on the aliases".

So fine then - let's help them *more*. Smiley
3347  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:17:40 PM
Keep it simple ...  JL, please return the unique names.

Keep it simple for *scammers* is what you are actually saying - I think JL changed it because of this exact point.

An Asset is not a Twitter account - people are likely to end up buying fake shares (rather than reading a wrong tweet) - will you be refunding anyone who gets scammed?
3348  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:13:48 PM
The market should decide for itself what is or isn't a good direction.

How do you propose that decision should be made?

Auction it?

Vote on it?

We've pretty much already come to the conclusion that "you can't change this" once you've launched it (in which case the "market decision" might be a Nxt "clone").
3349  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:11:59 PM
First X accounts (w.r.t. the inverse weights) choose some "random" numbers locally, and publish their hashes. X is supposed to be large enough so that the bad guy would never control exactly all of them. Then, they publish numbers themselves; if the published number does not correspond to the hash or is not published at all, then the corresponding account is heavily penalized. If that happens for at least one account, the whole procedure is invalidated (and we wait for the next try).

Sorry - I hadn't noticed that post - looks like something that we should think about.
3350  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:09:32 PM
Once the user has done this, anytime they look at ASSET ISSUER it will say "MICROSOFT" there instead of a hard to remember address.

Of course that is how you'd expect a UI should work.
3351  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:06:41 PM
So, this depends on the assumptions about the processing power the attacker has? Then one never knows...

True - the question is whether or not we can do any better than just using the block sig. for x + 1440 (current thinking).
3352  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 01:03:40 PM
Unique suffixes is as close to decentralized identification as you get (beside account #'s, but that's not easily readable)... all other methods require some sort of trust from outside of NXT.

Unique suffixes give us:

Software:Microsoft (scam)

I am the one *trying to prevent this*. Why are you *against that*?

If Joe sees "two confusingly same named Assets" he *does not waste his money*.

In your system - he can easily get tricked.

In either system some sort of "proper check" needs to occur - but my approach can make it "obvious" there is a problem whereas your approach *hides that*.

Being *easily readable* BUT A SCAM is just what a scammer wants!
3353  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 12:55:40 PM
But, "the past" is known to the attacker at the current time, so why does this add randomness?

True not adding randomness - but if they have to check "all tickets" then provided the information is *different per ticket* then it will take "more effort" to do this checking.

If you add in hash rounds the amount of time required to do all the checking might just end up being *not worth the effort* (as you do need to forge within 1 minute).
3354  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 12:50:55 PM
Well, there is more to consider. Humans and machines need to uniquely identify an asset.
For machines, a cryptic number is okay. They simply do not care.
For humans, that numbers are not. They need readable and catchy names.
+ 1440 !!  I wonder, why it isn't obvious for all...

There *will be a readable* name - the choice is one of two:

Microsoft (a fake but readable name)

or

Microsoft:12334
Microsoft:12345

Uh oh? What it this - seems I need to find out more.

Which method is "helping" the end user to get *scammed* and which is not?
3355  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 12:44:38 PM
Another thing that springs to mind wrt randomness would be looking at "the past" (so say the payload hash of the block at height x - 1440).

Other things to "add entropy" might be the account's public key and their balance at whatever point in time and one could even require "hash iterations" or the like so that "trying to calculate" ticket values for all possible accounts in order to try and game might be more costly that the time it takes to forge a block.
3356  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 12:09:35 PM
The whole broken idea of DNS names was something from the 1980's.

It is now getting closer to 2020 and we *need to do things differently* and in a *decentralised manner* rather than just "it was good enough back then".

The aliases is basically .bit and look how well that went.

If a user gets *confused* by duplicate names *then that is good* as they are unlikely to just "click one at random" and "buy shares".
3357  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 11:53:19 AM
I think denominating AE trades to external currencies is a bad idea.

The AT approach I described would do no such thing (it would be effectively *outside* of AE).

The feature that makes this possible is the Asset Transfer one (you can play with it on testnet).

So right now you do "do a swap" with someone *but* you'd need to trust them to uphold "their end of the agreement". The difference with using AT to do this is you can "take out the trust" (in fact the AT acts as an "escrow").

Remember also that ATs are not going to be *cheap* (and their fuel is NXT) so the more that they are used then the more NXT will be worth.
3358  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 11:42:52 AM
How would "trust" work if the list is encrypted?

There would be no reason to encrypt your trust list unless you wanted to keep it outside of Nxt (in which case just use GPG).

GPG also gives you "levels" of trust which is another thing to consider (e.g. "someone I've met in person" would have a higher trust level than someone I'd only met via forum or chat).
3359  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 11:23:49 AM
Why dont we do it namecoin style? If we implement a decenteralized auction as well this can be so cool.

Because .bit is *a failure due to the squatting*.

Perhaps some might think it is "cool" to have a .bit domain that no-one uses but I don't think that any "major corporation" in the world has one nor probably ever will.
3360  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 22, 2014, 10:40:31 AM

So if the first thing we do is prevent any business from being able to use their own name without extortion it is *hardly going to be appealing*.


what are they doing with domain names since internet is born ?

Again - in many countries it is *illegal* to squat names (such as Australia) - the world isn't just the US.
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