A couple of large stake holders private keys stolen can't kill NXT. You will need 51% of actual balances with NXT in them to successfully do damage, just like in Bitcoin (or 90% after TF is implemented some time in 2015). If you purchase or somehow gain access to private keys with empty balances of 51% in the past, there is a protection against that in the algo, basically, you'll need to be building myriads of chains to build one with the highest cumulative difficulty to overcome the correct chain. Like I said, welcome to nxtforum.org, there is a lot of info there on this topic.

What I called a myth here is not so much the N@S itself, which theoretically does exist, but theories are just that, theories. This N@S theory for NXT is less probable than the theory of all governments switching off internet in unison to block crypto currencies, which can be thought of as a conspiracy theory, and it's still a good theory for some folks.

What I called a myth there is the whole idea of someone attacking with ease after drinking their morning coffee and at no cost no less, that user apparently was quoting someone else's biased words, and that's double face palm

You're right that the source code of TF is not available yet. I meant the source code of the current version 1.3.1 is available for anyone's review.

The N@S security flaw you're referring to is only a theoretical flaw, orders of magnitude more theoretical than powerful entities coercing large Bitcoin mining pools to fulfill their agendas. In particular if you hope to get private keys to a few large balances in the past and forge a chain that others would have to accept, you will be in for a big surprise. If you need details on that protection, please visit nxtforum.org, this is bitcoin's forum after all.

Source code of NXT has been available since February or March, can't remember exactly.
Some bugs were found by researchers and fixed by developers since then, no fatal bugs though which may be a promise of a robust design. Bugs exist in any other software, that's normal. As long as they are not fatal design bugs, they are fixed and software only gets better. Bitcoin itself had a serious forking bug as late as beginning of 2013, does that make it insecure? The point is software has to be improved or it gets replaced by more advanced software.


NXT has been running in decentralized consensus for 11 months. That's a fact of life, deal with it.

NXT's security in the bootstrapping phase (before Transparent Forging is implemented) is similar to Bitcoin's, it can be 51% attacked. Transparent Forging is supposed to fix this flaw in NXT. However, in Bitcoin this flaw will remain unfixed forever, as miners will never agree to change status quo and will keep things running as they are now until Bitcoin becomes obsolete with other systems that actually move on with development. Not necessarily NXT, it could be something else, Ethereum or whatever.

Vitalik actually signed up on nxtforum.org a couple of months ago to learn how NXT solves the N@S issue and found the brief desciption of the approach NXT takes "reasonable". Of course, he can't use someone else's idea and is working to implement his own.

You're so clueless and a parrot of myths, it's embarrassing. Somebody please attack NXT and finish off its 11-month run, I am sure it will be no more difficult that taking a morning crap.

Exchange to Doge and you'll make up for your losses within a few months.

well?

I've always treated Qora as not a clone of NXT but having its own original source code. Having said that, Qora is still just a backup to NXT should NXT fail for some reason.

Some are (copycat), some are far from it. Homework not done.

You obviously haven't done your homework.

It wasn't a lie in the beginning when everybody could mine bitcoins with their low end hardware, but it's turning more and more into a lie now.

I just feel bad to see you carry this burden of bias and visit you once in a while to offer friendly advice. Hope you don't mind too much

Perhaps the group of core devs are wising up to the fact that if Bitcoin is stagnant it will be quickly made obsolete by NXT. Not that these sidechains are a guarantee against that, but they could help delay this event.

Mining is becoming profitable only for few largest mining farms, don't you see a contradiction with your 'fairest distribution' argument here?

$275-$300 area has to be tested again, no way around it. If that holds, the bulls can cautiously rejoice.

To invest in the initial offering of GEMS one has to sign up at koinify.com then?

Interesting chart. It's also in line with the hyperinflationary QE-to-infinity scenario which is to unfold when stock and other markets crash. Of course, that $10k in 2017 won't buy you as much as it can buy today.

2014 is the tipping point for Bitcoin.

Bitcoin is like UUCP, which was invented in 1978 and was actively used for 20 years, then when TCP/IP Internet got popular, UUCP usage dropped, but one of the last legacy UUCP services was shut down only in 2012, although very few people used it since 2000.

Bitcoin now is like UUCP in 1994 when PPP connection protocol was standardized. It can still grow, but not at its prior rate, and new emerging protocols and technologies are on the rise to make it obsolete within a few years. Or even faster than that, as the time it takes to develop technologies has contracted, as numerous examples of late show.