Bitcoin Forum
June 18, 2024, 04:56:55 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NFD] NFD-Coin | Over 1700 Stakeholders | Only 3hours left! | Hurry to join on: May 10, 2014, 09:33:28 PM
so i invested in the IPO and my name is on the <.1 btc list but not on the free list. Investing does not get me on the free list?
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NFD] NFD-Coin | Over 1700 Stakeholders | Only 6 hours left | Hurry to join on: May 10, 2014, 07:54:08 PM
Quote from: $dakini on May 10, 2014, 06:34:29 PM
Quote from: Transparent on May 10, 2014, 06:17:04 PM
Quote from: NFDcoin on May 10, 2014, 05:59:39 PM
Quote from: Transparent on May 10, 2014, 05:56:56 PM
if our password is encrypted how will you know what account to send it to?

Simple put:

When I create the genesisblock, then I will include your hash into that block. Then you can download the software and enter your passphrase, you will find your coins there. It is called brainwallet and is exactely like NXT!
so this software has the ability to read sha-256 encryption? if that were so, why dont people use it to figure out the password anyways?
software is not decoding your password.
When you enter your passphrase, it calculates the sha-256 encrypted value and is checked against the hardcoded list set during the genesis block creation.
this was a great way to explain it. thanks a lot!
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NFD] NFD-Coin | Over 1700 Stakeholders | Only 6 hours left | Hurry to join on: May 10, 2014, 06:17:04 PM
Quote from: NFDcoin on May 10, 2014, 05:59:39 PM
Quote from: Transparent on May 10, 2014, 05:56:56 PM
if our password is encrypted how will you know what account to send it to?

Simple put:

When I create the genesisblock, then I will include your hash into that block. Then you can download the software and enter your passphrase, you will find your coins there. It is called brainwallet and is exactely like NXT!
so this software has the ability to read sha-256 encryption? if that were so, why dont people use it to figure out the password anyways?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NFD] NFD-Coin | Over 1700 Stakeholders | Only 6 hours left | Hurry to join on: May 10, 2014, 05:56:56 PM
if our password is encrypted how will you know what account to send it to?
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NFD] NFD-Coin | Over 1450 Stakeholders | Only 9 hours left | Hurry to join on: May 10, 2014, 05:07:53 PM
just sent in .1 BTC! im exited to be a part of NFD
6  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Selling 65k SHAREcoins to the highest bid on: May 06, 2014, 04:59:29 PM
.07 btc
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!