So today's micro-selloff was probably caused by people thinking that the Paypal news applied only to Bitcoin and not realizing that Dogecoin was directly included as well. Something like that because BTC/USD went up dramatically, but DOGE/USD remain stable, so essentially people started dumping DOGE for BTC. A few hours later we saw the price getting back to 75 satoshi on cryptsy. I wouldn't say BTC/USD went up dramatically, and it's already down from the high of this pump. The trend is still bearish, there is a lot of downwards pressure, this pump will be over soon. What does this mean for Doge? The same drivers of price apply: block reward reduction in a few days and a lot of hashrate will ensure 100+ satoshi price livel. |
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Ehhh, something is funny about your pic. Dogecoin network hasnt reached nearly that close.
Your graph provides an average over a few hours, I posted a screenshot of a few minute spike. https://chain.so/doge is the website. Right now LTC hashrate is higher. |
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You have to think about each word as if it was a single letter in an alphabet, because that's how the cracker would work, it would shift through words instead of letters.
Except if you use words there are thousands in the 'alphabet' (=dictionary) to choose from not just 26 letters, and thousands of different 'letters' ensure 128+ bit entropy, which is impossible to crack. |
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Is this bullish or bearish? Think before you answer.
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where we have to store our nxtty coin to earn the 5% bonus?
there are nxtty coin sitting in "my assets" in my NXT wallet, which I bought from NXT AE.
That's the right place to store them to get the bonus  |
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Not sure why Jeff is so concerned about NXT if it's just a scamcoin, one of many others |
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Peter Schiff still coming out very strongly against Bitcoin: https://www.youtube.com/watch?v=lMfoFlJhcck&list=UUIjuLiLHdFxYtFmWlbTGQRQNo valid arguments in the whole thing, but it does show his mindset pretty clearly. If you're still holding these bitcoins, DO NOT GO DOWN WITH THE SHIP. Go to my gold company, Schiff Gold... if you've got 30 or 40 bitcoins you can buy a few ounces of gold. At some point you may not be able to buy a pack of chewing gum with those bitcoins. LOL, Keep in mind who is on the other side of that trade for our "chewing gum money". (He is) Doesn't he use Bitpay to convert bitcoins to fiat? |
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Whatever happens, blame Canada NXT  |
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OK well it is funny how the nxt community didnt say it wasnt strong enough and they also said it could not be brute forced.
It's never enough when it comes to security, but since you don't post your passphrase, it's hard to tell if it's strong enough or not. What's generated by the client for newbies is strong enough. This has been verified by a few security experts. When you make your own passphrase, nobody can say if it's secure enough, especially if you don't present it. I am not saying you're a liar, but I don't have to believe you either. Other software projects use the same 12-word approach, like Counterparty or Dogeparty, where you have 12 random words that the private key is generated from ( https://wallet.dogeparty.io/). Just 12 dictionary words, selected randomly, so it's not like NXT is pioneering anything here in generation of passphrases for newbies. |
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Well, there are a lot of passphrases one can think of that are more secure than that, but your refusal to post the passphrase is typical.
These Nxt stolen topics have one thing in common. The story never starts like this: "I random generated a passphrase..." Yup. Either you're a newbie or an advanced user. If you're a newbie, the software generates a passphrase for you. If you're an advanced user and want to do it yourself - you're on your own, don't complain if your passphrase is cracked, because you can't think of a random complex passphrase. |
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tim cum sim prawn gin yuk bim rarl per tip pop from
It was similar to that... I am not prepared to post it public. It was no less or no more complicated than that.
If that isn't secure enough then what is?
Well, there are a lot of passphrases one can think of that are more secure than that, but your refusal to post the passphrase is typical. |
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Is Phase 2 scheduled for any specific date yet?
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NXT is scam, I have been warning people since forever;
Of course it is, because you say so. How else could it be  |
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it will get back, 2nd place cannot be lost
Huh, why? I mean, is there a law that the 2nd place cannot be lost or something? |
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Try to pass a law to make NXT the legal tender and see how much that will cost you  You're delusional if you think any government will make Bitcoin legal tender. They won't. Any crypto currency is in direct competition with fiat money, who in their sanity would cut off the branch they are sitting on? I hope I don't need to post the definition of legal tender here. The most crypto currencies can have a hope for is that some governments consider them a form of private money like they did in Germany. Legal tender? No, that would be suicide for any government. |
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Dogecoin hashrate goes above 1 TH/s for the first time, wow! That's more than Litecoin.
Ummmm.....I hate to say it but every hash amount on the Dogecoin network automatically goes to the Litecoin network as well now. Therefore it can never be more than Litecoin. Not to say anything bad about Dogecoin, but just pointing out your incorrectness. EDIT: Well on second thought I could be wrong, but VERY highly unlikely (those who refused to switch to AUXPoW, I need to do some research). Hashrates fluctuates, it went above Litecoin's a few times. But they both are essentially about the same now, a few GH/s doesn't make much difference now. |
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It's curious that pass phrases from hacked accounts are almost never posted, as if the victims know it's their fault they chose a weak password. Posting a pass phrase also helps confirm that the the claim is legitimate, anyone can use the pass phrase to log in to the hacked account to check whether the pass phrase really matches the account.
In Bitcoin the hacker has to steal your wallet and the passphrase to gain access. Here just the passphrase and its gone. If you still can't see the serious lack of security then this a big problem. At the risk of sounding newbie, is this true? O_o NXT default client implements a brain wallet concept, meaning the password you enter is your private key. When you need to create a new account, a pass phrase of 12 random words is suggested. If you use it, you're safe. If you choose your own pass phrase and ignore the one suggested by the software, you're on your own, you must know how to create a complex pass phrase. A completely random pass phrase of 20-25 chars is enough, provided it's completely random. The few cases of hacks that were reported (around five cases on nxtforum.org), most were due to people using either quotations from known books or very simple pass phrases like a 3-char string multipled 10 times (adradradradradradradradradradr). Bitcoin doesn't implement the brain wallet concept by default, but you can have brain wallets in Bitcoin too. The default option in Bitcoin is a pregenerated wallet.dat. NXT also has this third-party client developed that implements wallet.dat as a proof of concept, and in the future these clients will be created more and more since there is obviously demand (desktop clients and mobile apps). Both approaches have their pros and cons. Brain wallet pros: - no need to take your wallet.dat with you, can access your account from any online computer; - trojans or people can't steal your wallet.dat, because there is no wallet.dat; cons: - have to choose a 20+ char completely random pass phrase (no quotations from books or any dictionary words) or better use the one suggested by the software; |
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