An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol
The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?
It ain't, early adopters get richer. That is what proof of stake is. The more stake I have, the richer I become. OMG! an account with zero NXT forged 81K NXT!!! oh teh noes! com one. you can make all kinds of accusations, doesnt mean you have all the facts Just saying how it really is. The rich get richer. What facts did I miss? The rich get richer, but apparently the dumb get dumber |
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An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol
The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?
that is called variance + very good setup, he forged through every crisis! also this is a more appropriet number: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2159498187382012684 |
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Funny thing. Lyaffe made a challenge with guessing a passphrase https://nextcoin.org/index.php/topic,3718.0.htmlI decided to simplify rules, created an account with simple passphrase and sent 100 Nxt to that account. The passphrase was an answer to the question: "I'm a big fun of soap operas and have no idea about security.". Guess what. Someone stole 100 Nxt before I even managed to post the question  What the hell? How is that possible? It is already known that there is a bot running that checks the balances of very simple passwords. If you send some NXT to accounts of passphrases "1" or smthg, it will be gone within 45 seconds! This is really scary. There is apparently a continuous, ongoing attack against NXT looking for weak passwords. There is no way to know how many hackers are doing this or how much computer horsepower is being directed towards this because the attack can be run offline against a copy of the blockchain. Every day we are signing up 100 users on average and we are hoping to get many, many more. NEW USERS ARE NOT BEING TOLD OFTEN ENOUGH OR STRONGLY ENOUGH ABOUT THE IMPORTACE OF A LOOOONG RANDOM PASSWORD. Every day new users are coming in and using a short password and immediately lose their NXT just like dzarmush did. They do not put a happy smile after their experience. They do not put a happy smile after their experience. They do not put a happy smile after their experience. I truly believe that one of the biggest threats to NXT is word of mouth about poor security. "Yeah, I tried to buy some NXT, it was stolen in 24 hours, better steer clear of that coin..." That kind of talk - and the poor security hygiene that precipitate it - needs to be nipped in the bud NOW. We only get a fresh reputation once - and people are losing NXT at an alarming rate, at least it seems that way to me. Some day when I am all caught up (ha ha ha) I want to start a Wiki page listing every known past instance of lost NXT and have new users record their experiences on what happened to them in some kind of table. This is data we need to be accumulating. You say that it is scary, but that is exactely what is happening with BTC and the brainwallet apllication. Someone created huge rainbowtables and runs a bot that detects incoming tx and just sweaps all accounts. Everything that is shorter than 12-14 digits ist just sweapt within <0.5 seconds. |
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you can, but it isn't profitable just now... and in the future when it might be, we can use some workarnounds for new accounts without outgoing transactions (like a broadcastPublickey without outgoing transaction) |
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silly me, thanks! My theory is, that even though the number of transactions will be higher in the future, the absolute amount of NXT spent as fees will decline steadily with the rising price of NXT. |
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Who is the owner of the blockexplorer? The "statistics" page shows a chart of the daily fees. I would like to see this data, but there was a day with 500.000 NXT fee that just fucks up the whole data. Would it be possible to make a log chart? http://87.230.14.1/nxt/nxt.cgi?action=40&sub=4 |
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Funny thing. Lyaffe made a challenge with guessing a passphrase https://nextcoin.org/index.php/topic,3718.0.htmlI decided to simplify rules, created an account with simple passphrase and sent 100 Nxt to that account. The passphrase was an answer to the question: "I'm a big fun of soap operas and have no idea about security.". Guess what. Someone stole 100 Nxt before I even managed to post the question What the hell? How is that possible? It is already known that there is a bot running that checks the balances of very simple passwords. If you send some NXT to accounts of passphrases "1" or smthg, it will be gone within 45 seconds! |
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well, let's hope this is not the "end" of our journey  ...he means competing for position 1! Ok then! I don't even mind position 2 behind doge, if that means our Marketcap is higher than the 10bn of BTC now haha |
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No one needs more than 128-bits. The public signature system curve25519 itself is not stronger than 128-bits, so if someone really wants to brute force, they might just as well try it on curve25519 instead of user's password. 128-bit cannot be brute forced. http://en.wikipedia.org/wiki/Brute-force_attackThere is a physical argument that a 128-bit symmetric key is computationally secure against brute-force attack. The so-called Landauer limit implied by the laws of physics sets a lower limit on the energy required to perform a computation of kT · ln 2 per bit erased in a computation, where T is the temperature of the computing device in kelvins, k is the Boltzmann constant, and the natural logarithm of 2 is about 0.693. No irreversible computing device can use less energy than this, even in principle.[2] Thus, in order to simply flip through the possible values for a 128-bit symmetric key (ignoring doing the actual computing to check it) would theoretically require 2128 − 1 bit flips on a conventional processor. If it is assumed that the calculation occurs near room temperature (~300 K) the Von Neumann-Landauer Limit can be applied to estimate the energy required as ~1018 joules, which is equivalent to consuming 30 gigawatts of power for one year. This is equal to 30×109 W×365×24×3600 s = 9.46×1017 J or 262.7 TWh (more than 1/100th of the world energy production).[citation needed] The full actual computation – checking each key to see if you have found a solution – would consume many times this amount.
Im not saying that we need it, i was refering to the fact that if he wants to implement it, i would prefer a bigger library over a longer phrase ! |
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I always liked the idea, but the problem might be that users will pick those combinations that are easier to remember and there goes your entropy.
You can generate the words randomly for the user! Sure, but my fear is that users will keep generating secrets until they get one that is easy to remember. Diceware looks nice. Just 10 words for 128bit entropy. Which entropy should I try to achieve? Is 128bit enough? For 256 bit, 20 words would be needed. 128 is enough. If you want higher entropy i would use a bigger library instead of a longer phrase! |
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4000 constructive posts are going to be the workload of a fulltime job. And a fulltime job that pays 0.8*800$ is a crappy paid job  |
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well, let's hope this is not the "end" of our journey |
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this has to be a record amount of time between comments in this thread
I thought it must have been broken! If it weren't for my blabber, it would have been over 90 minutes between posts. wonder why its so quiet. it isnt some sort of holiday or something is it. chinese new year! |
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