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3441  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 03:40:45 PM
How?

Nxt transaction sigs only care about the account id's (not say something like the "genesis block id") so a "clone" (such a test net) in which account #'s that *match* main net (most likely due to using the same password) means that you can *steal* NXT by just broadcasting a test net tx on main net.

(this issue will also apply to "parallel chains" if and when implemented)
3442  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 02:30:34 PM
Since I did some forging on test net after testing non-unique asset names, my node generated blocks with such assets, that are being rejected by all other nodes running older code, so we have a fork on test net. It would be interesting to see how this gets resolved once the test nodes are one by one updated to 0.8.11.

Probably a good reason to not "rush into releasing AE on main net".
3443  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 01:07:12 PM
PS: Someone could broadcast ur test transactions into main network.

So "don't do that".
3444  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 12:45:42 PM
Why is Nxt using Tor when it is known to be compromised?

Nxt is not using explicitly using Tor at all (if you can use it then presumably that would require some configuration change at the least).
3445  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 12:40:52 PM
What happens when someone uses their real Nxt passphrase on the Nxt testnet?

Presumably you'd end up with the same account id - not really a problem but if you are not using testnet via "localhost" then I would not recommend doing that.
3446  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 12:18:49 PM
Took what I "could lose" and invested in nxt.  I voted with my money because I really believe nxt has a chance to be something great.  A new language, a great group of people trying to develop it.  As time goes by, I have half what I put in.  It hurts.  But I wasn't ever intending to day trade nxt.  I am in it for the long haul and continue to say good things about it!  I think I am not the only one like me and hope nxt will bring about great changes.  

I think your strategy as an investor is the right one - don't invest more than you are prepared to lose and don't expect to "get rich quick" from that investment.

Hopefully your investment will have turned out to be a good one down the track!
3447  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 05:36:58 AM
I mean there wouldn't be anything wrong with having the name editable and that change would be stored on the blockchain. but it would be nice to have a general "notes" field that was stored locally. that would make it a lot more difficult for scammers to trick people with almost no cost.

Got it - although I would think that once you've decided on which AnonSilver you *trust* then you'd just get the client to *hide* any others with the same name (as it would be pretty unlikely that you are going to buy and sell more than one Asset of the same name).
3448  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 05:29:40 AM
important point to specify is that that field be stored locally not on the blockchain.

*edit* just to head of that argument before it even begins

Oh - in that case we are just talking about using localStorage or the like (so a client only thing).

Perhaps Wesley might add that in the same sort of way that he has implemented Contacts.
3449  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 19, 2014, 05:27:01 AM
JL has already made the changes so that Asset name is no longer "unique" and I think we should stick with that.

The idea of perhaps making the Description (or another new field) "editable" seems like a reasonable one for consideration.
3450  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 10:40:19 AM
@Wesley - yes we could limit the characters used to try and help.

@farl4web - the problem is that the scammer will have already "already made off with his NXT" (if they were allowed to trade immediately) and also even if we "disallow trading" for x days then how do you communicate any *issue* through the Nxt platform?
3451  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 10:25:01 AM
Non-unique asset listings could create confusion, or worse they could be a scam haven, with multiple BLABLA issuers.

Let's clear that up for you.

In the current Nxt "distopian" future you will have these Assets:

Microsoft (scam)
M1crosoft (scam)
M1cr0soft (scam)
Microsoft_2014 (scam)
Microsoft_2015 (real - assuming they haven't destroyed Nxt out of anger about the 1st listing)

Can you see why unique names are a problem now?

May as well just make it this:

Microsoft 38234124
Microsoft 98289128
Microsoft 12349123
Microsoft 58345345
Microsoft 13912342

only 1 is legit anyway (so *buyer* needs to *do more research* rather than just getting ripped off).
3452  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 10:18:02 AM
Hotel California is probably about the #1 KTV song (in English) in China.

I have sung it at quite a few bars in front of audiences who all love it. Smiley

(although I am a bit tired of hearing it here - just like Psy's big hit a few years back)
3453  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 09:44:28 AM
Unfortunately @Wesley left out the context.

Please check out testnet now and look for the Asset called CIYAM.

It was not created by me - but I have 50% of the shares (as the imposter *sent* them to me).

This is our problem (not the UI).
3454  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:32:58 AM
No its not. Nxt is being introduced as a currency as we speak. Ripple never has and never will (probably). So this, again, i just your opinion.

Again - NXT is the currency and Nxt is the platform (although my understanding is that you only care about NXT so you think that Nxt == NXT).
3455  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:30:15 AM
Why should I have any money in it at all if not for a potential price increase. If not for that I am just risking losing all of it for absolutely no reason. I suppose you expect people to just love the idea so much that they are willing to risk losing thousands in hopes that it gets developed.

Is that the idea?

Nxt was not my idea so you'd have to as BCNext that (oh - yes - not possible).

Whether launching it the way it was launched was a good idea is another thing that has (and should) be questioned.

In coming to a decision about whether to invest or divest it is important to at least have a "clear understanding" of the "beast". That is all that I am trying to establish here.
3456  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:27:53 AM

Haha - yes I'm not such a fan of "memes" (and I don't hodl any cute little doggies either).
3457  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:26:47 AM
Actually as a currency Nxt can and should be compared to other alts. Absolutely. POS vs. POW.

It is a poor comparison - if you want to compare NXT to something then I think XRP is a much closer one.
3458  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:21:30 AM
You seem to be sending a strong SELL message. Not sure if you care, but that's what I'm getting. I can just wait for the new assets to come out, no reason to stick around, is pretty much what you are saying.

That I guess is how you have decided to interpret my posts.

Buy or sell is up to you and others - it's a free market!

(personally "I am holding")
3459  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:20:04 AM
But, again, you seem to dismiss Nxt as a currency.  Makes no sense. It can exist as both, despite the original developers initial intentions, if we even know what those were/are.

And *again* you are "putting words in my mouth" (I wish you wouldn't do that as I am not doing that to you).

Firstly Nxt =/= NXT they are two different things.

Nxt is the platform and NXT is the "fuel" that it runs on - these are just the plain facts that I am stating.

So NXT *is* a crypto-currency but *it is not equivalent to LTC and other Bitcoin clones*. You can only compare "apples to apples".
3460  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: March 18, 2014, 06:15:21 AM
But as I do not think investors should run around complaining about or celebrating prices, I also don't think developers should condescendingly dismiss investors concerns.

Investors are the marketers, the mouth pieces for innovation. Bitcoin, had there been no promise of value, no speculators, would not exists as it does today if at all.

In no way am I trying to "be condescending" - just pointing out that NXT is not like LTC or other Bitcoin clones (so investors should be aware of this and what being a "platform" implies).

If people have invested in NXT thinking it is just like LTC then they have "not done their due diligence".
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