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1561
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 23, 2014, 12:13:35 AM
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Just so that msin has something to read on the toilet, here are EvilDaves thoughts for the day. (Well, my NXT-related thoughts, anyway): Thank the great Cthulhu for this:I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org: http://107.170.117.237Now, all we have to do is actually move our collective asses on over. I think we have out-grown using BTT for core NXT discussions. I know there are historical reasons to be here, but having our main discussion thread within the forum of another crypto-currency is a bit........ crap, really. We should also keep on using nextcoin.org, IMHO. Some members of the BTT crew won't agree with me but: Graviton, DGEX, Cointropolis, Offspring, etc, are all important elements of the wider NXT community. More co-operation, less bitching. We can settle our differences in the Thunderdome after we get NXT to world domination: We have no 100% thrust forum. nxtcrypto can go down anytime and nextcoin is too affiliated with graviton dgex. I am wrong Yes, you're wrong. Nextcoin.org is working perfectly for any community group efforts that are being coordinated there, and there are a bunch. The initial badmouths have done good job in twisting the image of nextcoin.org - which IS a community forum despite me being the admin. The forum has an active moderation policy operated by community members. Distracting and harassing content is not tolerated, which is a positive aspect since it keeps progress very focused. Fortunately we have sailed smoothly with our 5100+ members since the few initial trolling inclinations were got rid of. I encourage transfer of community efforts to nextcoin.org from this clumsy thread, and will soon have more good news that will technically kick up support of project management over there. Offspring standalone crypto client v0.3.4e has been released Main updates: Clickable blockchain explorer and Asset Exchange with current testnet features enabled. http://offspring.dgex.com/Need to find time to test Offspring, really. Moving on to the rest of the crypto world:guys we fell behind doge coin again on http://cryptmarketcap.com/ this can not stand. i dont care if nxt ever goes more than a penny higher than dogecoin just for christ sake don't let it fall behind that damned doge again. I don't see a long-term future for Doge  i wish i could be so confident. i dont buy any doges as a matter of principal but im afraid that thing may have a great deal more staying power than it deserves. Dont forget that Doge is only maintaining its position by frantically making as many little doggies as possible. NXT is maintaining its value, more or less, while the price per individual doggy is falling fast.... As for the rest of crypto-world, I'm beginning to lose my faith in almost everything else out there. Auroracoin was bad enough, but Aphoditecoin ?  Rolls eyeballs. Just spent the last couple of days selling everything sellable and moving it into NXT. (+some Blackcoin and Bitshares, for some reason) I've kept a handful of emergency BTC, but I'm slowly losing faith there as well. This post on prices and linkage to BTC needs to be re-posted: Any theories on the recent price movements in Nxt? Both the downswing and the upswing of recent days show a striking independence from the price of Bitcoin, and it seems like Nxt and AUR are the only top-10 alts whose price movements have become a bit detached from BTC. (Litecoin's brief spike was clearly due to talk of a big Chinese exchange being about to add LTC). Are Nxt's recent movements due entirely to the whales unloading a big pile, then the pile eventually getting all bought up? Or is something else/more going on? Other factors seem to be the imminent release of the AE and the new development of Nxt mining. Thoughts?
I've posted this before.... I think BTC will soon register as a cause of global warming the way its is soaking up the worlds energy supply for something that is a mathematical fiction and simply not needed.
Most crypto enthusiasts are sitting on mining H/W of some form and therefore tend to be enthusiastic about new coins they can rape mine with the H/W they can't use on other coins anymore.. hence the lack of
Putting aside distribution issues PoS seems to be more about technology, innovation and driving value through use - which is a lot harder but much healthier in the long term for everyone involved.
The dip - some FUD but more importantly NXT stakeholders improving distribution by selling.... The rise - My personal view I think NXT is breaking through in technology and innovation while others are just talking about it.... The first two of these are evident in this thread, the 3rd one, driving use, is harder but I'm sure as some of the innovations which are very close are delivered then we will see this happen. EDIT: I think its this community that helps drive our independence from the bitcoin world... nxt gives meaning to the term dumpcoin  the only coin where they dump without pump maybe you should consider name change Bravo, keep posting! I sometimes think I want some of Elmos drugs..... A very quick "welcome" to a new assimilation victim....we are the Borg, indeed.So now that the "fatal flaw" has been discovered I think it is time that we realised that we really need to "pull together" or risk losing to a "clone".
I fear we're going to start seeing the "C" word a lot now. And not in a good competitive way. More like a "have a look at the craptacular list on coinmarketcap" kind of way. If I am not mistaken... injected fatal flaw != Nxt clone trap... right C-f-B?  No, that was one of the traps for lazy cloners. Thank you very much for the bounty. The last time I came up with those two flaws (i think I came up with them here in the thread) I got laughed at and so I forgot about it. Now I, just for the sake of it, posted them in the bounty thread and one of them was the 100,000 NXT hit Thank you very much for the fast payout. Now that I own this many NXT (which I will of course hold) I would like to contribute my part to the project. I have still doubts about the account mining issue ;-) I have made a small reference implementation (which I would never make public except give it to the devs) which is capable of doing 10 Megahashes (or Megaaccounts) per second on a simple CPU. At some point in the future, this might be an issue. Nice one, Evel-K, your distinctiveness has been added to our own. Last couple of serious points:Fees. Once the new code is in place to go under the 1NXT barrier, fees can be reset easily. We voted a couple of weeks ago to go to 0.1 NXT and I feel that that is what we should do for the short term. Take little steps with big changes, don't jump to 0.01 just yet. Asset Exchange.Why are blacklists never a way to go? You'd rather let the known, proven scammer stay in the asset exchange?
Because blacklists (and whitelists) will inevitably be politicized. Trust is one of the most "difficult problems to solve" (as Mike Hearn if you don't believe me) and instead we seem to just "throw up ideas" and think we have a "good solution". "For every complex problem, there is a solution that is simple, neat, and wrong."And, though I still bear a grudge for being called Hillary Clinton, I'm +1 with IveBeenBit here, allow all trade pairs, not just x/NXT and NXT/xWhat would guarantee its universal acceptance? If trading anything on the network for USD's is allowed the only guarantee is that NXT will be the currency that fees are charged in. I think this would only serve to make the NXT currency less accepted and less in demand. I agree that NXT should have to compete for dominance, but as a platform on a whole; and the base currency of that platform should not be undermined by allowing other currencies that level of influence within the platform.
For all the posting you are doing on this topic, you show no signs of having considered the mathematical reality of what happens when $500 million of business flows into the Nxt system, and they are forced to use only Nxt to settle their trades. https://bitcointalk.org/index.php?topic=345619.msg5815603#msg5815603Furthermore, you fail to acknowledge that if a European wants to trade Euros for a commodity or an equity, he will favor the platform that allows him to denominate his trade in Euros. A Nxt fork will emerge that allows that, and we'll all be sitting here as kings of an abandoned currency. We can't set up a means of universal exchange, then expect the world to convert their assets into NXT and back again. Just won't work, IMHO. Don't forget that fees will still be in NXT, no matter what is traded. Phew, that was a long one (as my g/f likes to say). Last random idea:Block 100,000 is coming up fast.....any ideas for a celebration? |
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Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] NXTInfrastructure committee
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on: March 22, 2014, 09:46:00 PM
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Hey guys, we absolutely need SSL (not self signed) for nxtcrypto.org
My client can no longer connect to nxtcrypto nodes because the SSL is self signed, which browsers don't trust by default. I hope you guys change your mind on this decision.
OK, the price isn't really an issue, but we've been thru this discussion with opticalcarrier and came to the same point: Why do we need SSL? It seems like cosmetic security, rather than giving any actual benefits. So, why does your client (nice work, btw) need SSL ? And if we provide 'real'SSL on nxtcrypto nodes for your client, are we going to have to provide SSL on all nodes in the NXTwork in order for your client to function? Have another look at: https://bitbucket.org/nxtinfrastructure/committee/issue/20/ssl-certificate-for-nxtcryptoorgI'm tempted to just throw some funds in your direction, but I want some more input from the rest of InfCom (and anyone else with some serious insight on the issue) about this. |
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1565
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 22, 2014, 09:14:38 PM
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Where is EvilDave ? the esteemed head of prestigious Infrastructure Committee ? I would like to discuss the transference of 48380 NXT private bounty for the best Open-Source client for NXT to the Infrastructure Committee.
Hiding, on the InfCom thread atm....PM me if u want me. If u want to give me lots of NXT, fine, but the InfCom does not handle funds. Otherwise, I'm on a beach in Costa Rica before u can say "EpicThomas". If u want to donate NXT to fund a bounty: you can discuss bounty terms with InfCom and then give the NXT to klee, who is the InfCom treasurer. (btw: me not head of InfCom, just spokesperson) |
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1566
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Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] NXTInfrastructure committee
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on: March 22, 2014, 08:57:55 PM
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I think I've figured out how to do the advanced consensus for forging. Can you guys tell me how I would go about submitting a proposal and getting credit, I'm assuming a bounty, after others how bounced the idea around and picked at flaws and made sure it all worked? Assuming this is the right committee?
Thank you.
Dude: I would, first of all, run it past C-f-B to make sure that u are on the right track, and get his input. I have a feeling that this would be more of a TechDev issue, but I'm open to being corrected. Jean-Luc is TechDev, get in touch with him, see what he has to say. In any case, put a short description together of your proposal, ready to be discussed by committees and community. |
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1568
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt marketing & promotion :: Nxt is now 100% Open Source! And on Cryptsy!
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on: March 20, 2014, 09:44:23 PM
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I donīt have the knowledge to talk about Nxt to a broader audience, but am capable of smalltalking and networking. Edit: anyway, I will ask them if it wold be possible to get a slot somewhere I was planning to kick my search for promo material for the A'dam conference into high gear over the next week, it would be a very good idea if we could pool our resources/co-ordinate promo stuff with the Vienna conference. For example, the RaspPiSolar (if i ever find someone to build it) from A'dam could be shipped immediately to Vienna for use there. Lets stay in touch on this..... |
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1569
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 20, 2014, 02:03:09 AM
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Damelon, I agree with you that open software development and addressing concerns are important.
However, when a statement like, "What's kept me from dumping all my Nxt in disgust over being "lied" to, was the fact the "switch" that I took the "bait" for was actually pretty compelling in itself." is made by BrianNowhere it shows derisiveness.
No one "lied" to BrianNowhere about Nxt. Nxt did not pull a "bait and switch". Those are "emotional intensifiers" and are not representative of the communications of the Nxt community.
Nxt is developing and has many compelling advantages over Bitcoin. Nxt is young and needs more development and input from testers and users. Nxt does not need inaccurate information maliciously spread about it.
Yeah...but.....some people are just pessimistic sods/paranoid/easily disappointed, etc. BN could be more diplomatic, but I really can't/won't dismiss him as a troll. He seems genuine, but maybe a little frustrated about what he percieves as NXTs shortcomings, with a tendency to be over-dramatic. (just be grateful that Elmo hasn't figured out how to work a Reddit yet....  ) |
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1570
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 20, 2014, 12:54:13 AM
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Getting on Reuters is not the same as getting published in mainstream press outlets. BUT; We can use aphoditecoin as a test of the effectiveness of PRweb/newswire. Can u (or someone who's not me) keep monitoring aphroditecoin (ie Google it once/twice per day) and see if the mainstream picks up on it over the next few days? If we can see it working well for an obvious crapcoin, then maybe NXT should bite the bullet and spend some serious money to get some real press coverage, for example when AE launches. |
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1572
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 19, 2014, 11:39:25 PM
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Hi Brian. Thanks for posting your concerns in detail. I found it easier to digest than trying to follow the back-and-forth nature of discussion here. I agree that the fee thing needs to be sorted out with an eye towards future price appreciation. Unfortunately, I don't think there is a simple solution. Charging fees based on bandwidth usage or size of transaction seemed like an elegant solution when I first heard about it. However, as nxt intends to compete with a variety of financial systems, each with complicated fee structures of their own, I'm concerned that some great nxt services will be "priced out" of the market, while other services will be unnecessarily cheap. When thinking of nxt as bitcoin in the future, I think the analogy breaks down when talking about fees. Specifically, the future of bitcoin assumes much lower price volatility. Therefore, denominating fees in bitcoin instead of fiat isn't a big deal. For us, we expect high volatility for the near term. Denominating fees in terms of fiat (or gold or any other asset with lower volatility) might make sense in the near term. With regards to charging fees for placing an order in the asset exchange, I think that there is room for the nxt AE to improve upon the way markets currently work. If you follow nanexllc on twitter (his work has been featured in the Wall Street Journal, amongst other publications), you will learn that high frequency trading firms have been abusing the stock markets in the United States. They take profit, and justify this profit by claiming to increase liquidity and lower the bid-ask spread. However, in reality, the displayed liquidity (order book) can rarely be accessed by real trades, and orders often disappear before a counterparty can fill them. I know that setting walls is a strategy for day trading. However, for a wall to be effective, it has to be large. This implies that the fee would be tiny in comparison to the size of the wall. Additionally, Nanex's recent studies show that the bid-ask spread has not tightened over the life of the current regulation (Reg NMS). Based on these issues in current stock markets, I am suspicious of HFT terrorizing our infant network, and I think that charging fees for placing an order prevents both spam and these predatory trading practices. We aren't designing the AE for the profit of algorithmic day traders. My 2 cents on HFT: it's becoming very obvious that trading bots are being used to HFT the fuck out of some exchanges. Cryptsy trading is now becoming almost impossible for manual traders in popular markets. I spent 15 frustrating minutes trying to place a buy order for LTC->NXT last night, got topped by 50 satoshis on every buy order I placed wihtin less than a second of placing the order. In the end, i just hodled the LTC, which made me cry a little this morning. I started off not liking the idea of a fee on the AE for just placing an order, but HFT is taking predatory capitalism to new heights (or lows, depending on your point of view) and fees may well exclude these traders from the NXT AE, which is a good thing IMHO |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 19, 2014, 01:26:00 AM
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Just saw a really good idea on XCP forum: https://bitcointalk.org/index.php?topic=395761.msg5773807#msg5773807It is about asset naming and it is very simple and I think quite effective. Basically once you own an Asset Name, then you can create a subasset for a much lower fee. this essentially allows branding of the root name and then people will know that anything that starts with that is from the same issuer So Anon gets his Anon136 asset name. Now he can issue: Anon136.silver1oz Anon136.silvershot Anon136.silveretc It still has a squatting issue with it, but now the squatters have to squat on the names of the issuers, not the target asset. This is far riskier as if a specific name is taken, there are always others that can be used. Unlike "BTC", which is unique. If we are going to change the NXTcore for asset names, this one might be worth doing. James Been almost completely ignoring the asset naming issue,but this makes complete sense...+10. BTW: Thanks for your mega post from earlier today, J. Good points all over... |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 19, 2014, 12:44:55 AM
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Reposted from the InfCom thread:
https://bitcointalk.org/index.php?topic=506757.0Infrastructure Committee decisions.Girls/guys/undecided: The InfCom has been seriously busy over the last few days, and we have finalised two of the issues presented to us. Most of our decision-making process can be seen on BitBucket, with some debate/input happening here on BTT. PMs have been kept to a minimum to ensure complete transparency, and any relevant info from PM exchanges has been posted either here or on Bitbucket: https://bitbucket.org/nxtinfrastructure/committee/issues?status=new&status=openOn to the decisions: After a lot of debate, InfCom has rejected opticalcarriers request for funding for SSL certification for VPS, we feel that TOR provides a better level of security/privacy: https://bitbucket.org/nxtinfrastructure/committee/issue/30/public-api-nodes-could-support-ssl-forAfter even more debate, InfCom has approved an initial bounty payment of 2000 NXT to secondleo (+Matthew C, collaborator on the paper) for his paper on energy efficiency in the NXTwork: https://bitbucket.org/nxtinfrastructure/committee/issue/19/nxt-energy-efficiency-paper-secondleoThere is a further 3000 NXT bounty ready to go for an improved version of the paper, based on feedback from InfCom. That's about it for today, keep up the good work. Any questions, feedback, requests, get in touch..... NXT Infrastructure Committee members:EvilDave (spokesthing) Marcus03 chanc3r ChuckOne ferment [/i]
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1577
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Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] NXTInfrastructure committee
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on: March 19, 2014, 12:42:30 AM
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Infrastructure Committee decisions.Girls/guys/undecided: The InfCom has been seriously busy over the last few days, and we have finalised two of the issues presented to us. Most of our decision-making process can be seen on BitBucket, with some debate/input happening here on BTT. PMs have been kept to a minimum to ensure complete transparency, and any relevant info from PM exchanges has been posted either here or on Bitbucket: https://bitbucket.org/nxtinfrastructure/committee/issues?status=new&status=openOn to the decisions: After a lot of debate, InfCom has rejected opticalcarriers request for funding for SSL certification for VPS, we feel that TOR provides a better level of security/privacy: https://bitbucket.org/nxtinfrastructure/committee/issue/30/public-api-nodes-could-support-ssl-forAfter even more debate, InfCom has approved an initial bounty payment of 2000 NXT to secondleo (+Matthew C, collaborator on the paper) for his paper on energy efficiency in the NXTwork: https://bitbucket.org/nxtinfrastructure/committee/issue/19/nxt-energy-efficiency-paper-secondleoThere is a further 3000 NXT bounty ready to go for an improved version of the paper, based on feedback from InfCom. That's about it for today, keep up the good work. Any questions, feedback, requests, get in touch..... NXT Infrastructure Committee members:EvilDave (spokesthing) Marcus03 chanc3r ChuckOne ferment [/i]
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1578
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt marketing & promotion :: Nxt is now 100% Open Source! And on Cryptsy!
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on: March 18, 2014, 09:05:15 PM
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@Fatih87SK and martismartis: If Fatih is willing to take on the job of configuring his TV stick for NXT and delivering it for the conference, and martismartis is willing to help out with advice,tech support and configuration, u guys will make me very happy. I can't make any solid promises about payment right now, but keep a record of the hours that u put into the TV stick project and I'll get some bounty for both of you from the conference budget. If i ever sort out a conference budget...... |
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1579
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Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] NXTInfrastructure committee
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on: March 18, 2014, 06:34:00 PM
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The follow up SSL discussion, this time as to whether we need SSL on nxtcrypto,org to provide extra security for the wiki.The text below was originally from PM: Hi! Can we move this to the InfCom thread at https://bitcointalk.org/index.php?topic=506757 instead of a random list of pm recipients? Cheers, Marcus Ok, hold on a cotton-picking moment, guys. We came to the conclusion that SSL wasn't necassary on the VPS, that TOR was a much better option. I've had a look thru the Bitbucket again, and I cant find anything about SSL and wiki-editing on nxtcrypto-org, apart from the title of this issue, which then goes on to be all about VPS: https://bitbucket.org/nxtinfrastructure/committee/issue/20/ssl-certificate-for-nxtcryptoorgHas this issue been discussed elsewhere? The wiki-editing/SSL on nextcrypto seems like a valid concern, and is a seperate issue to the use of SSL on VPS. I'm going to cc this PM to the rest of InfCom, see if we should open another issue on this and consider funding from the point of view of wiki protection. So, don't give up yet, OC. EvilDave. Joefox, They rejected my request for SSL certs for the domain. They are recommending use of TOR for the VPSs, which isnt a bad idea at all (I use tor for IP privacy) but for people who use TOR (like me)and log into the wiki for editing, SSL becomes a CRITICAL issue since the exit tor node sees all the traffic UNENCRYPTED. So tor users who are also wiki editors when the wiki doesnt have good SSL leave a gaping security hole that we really need to plug. W/O a real CA-signed cert the best we can do is, on the wiki, load the wildcard cert I created and signed with my own private self-signed cert. But this will confuse the wiki editors as it will give security errors out to all wiki editors telling them that someone is doing something fishy with the connection, unless they do the extra step of loading my private CA cert into their browser. Get with me an I can provide both the wildcard cert for your wiki server as well as the private CA that we need to distribute out to all wiki editors. -OC Optical: After a lot of debate, InfCom has come to the conclusion that although SSL would help with the perception of security, it wouldn't add that much more actual security/privacy. The concensus seems to be that we should concentrate on using NXT over TOR for added security. So, in my role as InfCom spokesbeast: thats a "no" to your SSL funding request. Sorry. U can see the decision-making process here: https://bitbucket.org/nxtinfrastructure/committee/issue/30/public-api-nodes-could-support-ssl-forFeel completely free to object if you like. Good luck, keep up the good work, EvilDave. My first question, is nxtcrypto.org/SSL/wiki an InfCom issue ?
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1580
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information
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on: March 18, 2014, 03:27:22 PM
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I think I was the first guy to propose to use NXT as ingame currency, feel free to approach any of the big game devs. Got nothing to lose
[da whole game discussion] Besides the ingame-purchase-thing: https://www.humblebundle.com/#contribute is a very famous game-bundle. You can choose the amount of money you are willing to pay on your own. They already allow bitcoin, why not NXT? Can please somebody with proper english-skills contact them? Ahh, yes... totally forgot about those! Humble Bundles (and similar) would be a solid marketing target. just saw this, on a quick recce round BTT: https://bitcointalk.org/index.php?topic=229278.80http://www.coingas.com/Maybe another sales opportunity for NXT. I really would like someone to step up to the plate and make some real work out of promoting NXT as a payment system (not in-game, but subscription/purchase costs) for the gaming community. Theres plenty of people with big mouths, and no projects...... ...or kids, which i have to pick up from school. Little sods. BRB in a few hours. |
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