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It was a nice try, but obviously developing something like this from scratch was going to be really hard. I think the dev just wasn't able to fix the code and gave up.
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s of NFDs history, even 'NXT ...' would make some sense, but the question begs itself  It's "NXT fair distribution" You guys were warned that this is absolutely idiotic name for the coin. You didn't listen. |
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Why is it that recently NXTers come there to trash NEM ? Butthurt about the price decline ? Guess what, that's not NEMs fault.
I am commenting about seeing weird claims posted on this thread. We have absolutely no solid info how well Nem was traded on AE. The numbers can be easily fuged by fake trades. What recent "price" decline? Nxt has been (up and down) around 6K satoshi for a whole year. It's BTC that has declined in prices, bring down the entire crypto with it (compared to fiat) |
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19.1.2015
total trades
NEMstake 5503
After UP was caught with sock puppets, his official excuse was that he was using sockpuppets so nem would look good (more activity). How do we know he wasn't trading with himself on AE for exact same reason? These numbers don't prove shit. If one person (without coding skills) can manipulate the stats of the entire AE in such a big way then it does prove something. Why would you need coding skills to buy and sell on AE? It only costs 1 Nxt to post and 1 Nxt to buy on AE. 2000 Nxt will get you 1000 fake trades with yourself. UP was obviously motivated enough that he created sock puppets even for BTT forum. God knows what he was doing on AE |
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19.1.2015
total trades
NEMstake 5503
NEM is still No. 1 Smiley
Unbelieveable, NEMcoin is still the most tradest asset
After UP was caught with sock puppets, his official excuse was that he was using sockpuppets so nem would look good (more activity). How do we know he wasn't trading with himself on AE for exact same reason? These numbers don't prove shit. I highly doubt NEMstake has been traded more than SuperNet |
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I'm pretty sure Counterparty has multisig and a voting system and is at least working on smart contracts if they aren't already implemented (they ported etheruem's smart contracts over, and the main functionality itself uses a kind of smart contract), and I would think their DEX is an asset exhange isn't it?
around.
Counterparty has voting system? |
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NXT is almost like Ripple - can you have a Ripple wallet on your PC, can you own Ripple private keys? The answer is no. Ripple can't be own - they are IOUs - therefore, like the USD, fiat - you can carry them, exchange them, but you don't own them.
Of course you have Nxt and Ripple private keys and you own Nxt/Ripple. You are confusing assets that may require gateways with Nxt/Ripple themselves. In nxt the hash of your passphrase is your private key. In ripple, your private key is generated randomly and encrypted (with your password) and that encrypted version of private key is saved in your browser and ripple site (same concept as blockchain.info wallet) , but you do have the private key in ripple. If you saved that private key, it can be used to access your account with any pc/browser even if you forgot username/password to ripple wallet. |
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I took inspiration by NXT wallet passphrases, my generating-password-pattern is now a pseudo random 20words string. I call it pseudo random cause the algohoritm is my stream of consciousness.  If anyone hacks your account, they will not only have your NXT but a window into your soul. How would you crack a 20random words password? Human brains aren't good at being random. So it's not really random. Using something like dice or cards to pick words would be random. That said, it's probably safe. |
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Around (00:30:00) he hints that he is in talks with other parties (not XCP) where Medici will be built. My guess is it' probably ethereum
Counterparty will have 100% compatibility with all Ethereum features, and its secured by the Bitcoin network. What would be the motivator to switch to Ethereum? I don't know, but he clearly hints it's not likely to be XCP. Watch the video. Around (00:30:00) |
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Watched that vid 2 days ago, nice to see a few NXT regulars catch sight of it and take the initiative to share with the crypto community. Could you point out the section where Patrick Byrne let's it slip that Medici will not be built on CounterParty after all? Around (00:30:00) he hints that he is in talks with other parties (not XCP) for Medici. It isn't clear statement but doesn't look like XCP has any firm deal. It probably won't be XCP. My guess is it' probably ethereum. |
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(so that NXT will be able to borrow ed25519 if they'll want to)
Pretty unlikely Nxt would switch to anything else, at this point. It's probably impossible now. We went through curve25519 paper, and ed25519 paper (and bloodyrookie went through some more papers). It's math. We're NOT BAD at math.
The basic rule is that you don't implement your own crypto and use well tested implementation. |
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I saw that before but wasn't clear this version is being used in nem. You yourself wrote: https://github.com/BloodyRookie/ed25519-java"There are no guarantees that this is secure for use. Tests against the data from the Python implementation are passing, but this has not yet been audited by a professional cryptographer." |
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NEM has 5 very well educated and very experienced core devs. There might very well be a guru or two on the team.
There is no cryptographer among the 5. They are all programmers. @Eadeqa, please take a moment to decompile it and take a look I pretty sure they implemented (probably just copied C++ version) of ed25519 correctly, but still are they 100% sure? |
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elliptic curve: "Switched elliptic curve from secp256k1 to ed25519: Ed25519 is a state of the art elliptic curve. Verification of signatures is about 6 times faster for ed25519. This will speed up the synchronization process."
Last time I looked it up, there were no good (reviewed) / fast implementations of Ed25519 in Java. What library are using for Ed25519 ? That is correct. Unfortunately there were no good java implementations of this curve so we had to do it ourselves. How do you know you implemented it correctly? Should it not be reviewed by some crypto guru who understands ECC? |
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elliptic curve: "Switched elliptic curve from secp256k1 to ed25519: Ed25519 is a state of the art elliptic curve. Verification of signatures is about 6 times faster for ed25519. This will speed up the synchronization process."
Last time I looked it up, there were no good (reviewed) / fast implementations of Ed25519 in Java. What library are using for Ed25519 ? |
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@everyone.
DO NOT RISE TO TROLLS.
So can you tell us what EC curve nem is using? Have people who are voting have seen the source code, and are they qualified to vote on matters that is in something as complex as cryptography which is extremely specialized field of mathematics? |
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lol i started this poll for obvious reasons, Personally im a big fan OF NEM and NXT, so i personally have not voted. This is a stupid fanboyish vote. People who are voting in it are fanboys and none of them even know anything about cryptography. Nem is closed source. Does anyone even know what elliptic curve it's using? Nothing is known about nem crypto to vote. Talk about idiots fanboy drones who will just vote blindly on faith. Probably they behave same way in real life. |
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Where does it say the version number inside the client? |
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