NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

A simple explanation can be found in this thread.
Theres a discussion if this approach is decentralized or not, the dev says it is:

"Hazard is correct. Mixing systems require a trusted entity to function. There is no possible way for a client to figure out receiving addresses, while still having them remain anonymous. The protocol we are developing aims to move some of the functions of a mixing system onto the block chain. This addresses several concerns that face mixing services, a few of which were outlined in the original post. The protocol will be in the public domain, of course. People will be able to set up their own mixing services. So it is incorrect to say that it is centralized and that I control it. The protocol can be adapted for many different types of applications. For example, it can easily be adapted for use in anonymous P2P messaging/broadcasting system. We're currently investigating all these different uses for it."

Thank u. I'm going to dig deeper into this.

[bitcoinpaul]

http://www.cloudcrypter.net/build.php

Haha, nice. Let 'em (alt coins) all die.

[chindit]

Hi', you lot.
                Running the nxt client & thought I'd try to forge some coins.

Got 6000 confirmations & beginning to wonder how these translate into coins?

Feel a bit like Thick Mick McThick having to ask this question but I'm stumped.

[pinarello]

http://www.cloudcrypter.net/build.php

Haha, nice. Let 'em (alt coins) all die.

best ever  

just created pincoin

Pin

[lophie]

guys can getAccountId return an account that is invalid and hence sending nxt to it will destroy them forever? Can this ever happen and can anyone give an example please? I am just finalising the automation of NXT here.

[plasticAiredale]

Closure On The EpicThomas Attack Of 31 Dec 2013

OK, time for EpicThomas restitution distribution.

EpicThomas has sent 47,960 NXT to my account 16092180239932658439 as a restitution payment for NXT lost in his hack attack of December 31.

From the previous charity distribution described at https://bitcointalk.org/index.php?topic=345619.msg4275210#msg4275210 this is the split applied:

Framewood: 35.16%
plasticAiredals: 6.56%
newcn: 6.39%
sparta_cuss: 51.89%

So I have transfered:

47960*0.3516 = 16863 to Framewood's  11516574435181434547
47960*0.0656 = 03146 sent to PlasticAiredale's  17139321135754562770
47960*0.0639 = 03065 sent to newcn's 13187911577562526278
47960*0.5189 = 24886 sent to Sparta-cuss's 14748981975238803545

These actions can be verified via the block explorer at http://87.230.14.1/nxt/nxt.cgi?action=34 .  Between charity and restitution payments, these four individuals have now recovered just shy of 30% of their losses.

There still  remains doubt over whether the bandit accounts associated with this heist contain stolen NXT or darkNXT.   Furthermore, the sentiment  in the NXT general forum seems to be that EpicThomas paying a restitution of 47,960 NXT balances the scales of justice for his crime of distributing infected NXT clients on December 31, 2013.

Accordingly, I consider the matter of EpicThomas to be closed and I will take no further actions regarding him.

Thanks for all your work rickyjames. The matter may be closed, but EpicThomas better not get too comfortable, as I don't think it will be forgotten anytime soon.

[wesleyh]

guys can getAccountId return an account that is invalid and hence sending nxt to it will destroy them forever? Can this ever happen and can anyone give an example please? I am just finalising the automation of NXT here.

How much longer till your exchange is ready? Got any screenshots for us? Sneak peek?

[pinarello]

Unless we have a decentralized forum, having two boards is good.

But please, only use forums.nxtcrypto.org now

think here is pretty much decentralized.
but what you see centralized about nxtcrypto.org?

Pin

[Come-from-Beyond]

guys can getAccountId return an account that is invalid and hence sending nxt to it will destroy them forever? Can this ever happen and can anyone give an example please? I am just finalising the automation of NXT here.

Yes. U may find a phrase that opens the genesis account. If u send money to such the account it will be destroyed.

[Isildur23]

Where the guy who was going to create a decentralized poker game? With AM it becomes possible.

I don't know why there was no noise about that! Decentralized poker game is something that may skyrocket NXT. Poker players have been waiting for this for ages! There have always been accusations of rigged software(rigged random generator) and also with decetralization the rake(that's how fees are called in poker) would be much smaller! Have in mind that rake in cash games is about 8-10bb per 100 hands. Best players earn 1-2bb per 100 hands. So, if rake falls only with 20-30%, poker players would earn twice more (or lose less for some). Would be soooo gooood for nxt!

[NxtChg]

At least I think I've figured out the real reason why they resit checksums: it should have been a design decision, but somebody screwed up and now it looks too costly to fix, because everything is tied up in BigInt. Am I right? Well, consider the fact that the cost of fixing grows with every passing minute.

I don't know the details of the system, but here's an idea: at some point you are converting some random string into bigint to get the account number, right?

Convert it so as to get 56 bits instead of 64. Then append 4 bytes of CRC32 or 4 last bytes of MD5.

After that no changes are required, except when accepting the transaction. Then you take the address and verify the checksum.

If I am way off, figure out a way yourself, I am sure between 3 of you, you have more than enough brainpower to do so...

Sorry to sound harsh, but this is beyond ridiculous at this point.

By the way, anybody else seen these ads here?

[BitcoinForumator]

Where the guy who was going to create a decentralized poker game? With AM it becomes possible.

I don't know why there was no noise about that! Decentralized poker game is something that may skyrocket NXT. Poker players have been waiting for this for ages! There have always been accusations of rigged software(rigged random generator) and also with decetralization the rake(that's how fees are called in poker) would be much smaller! Have in mind that rake in cash games is about 8-10bb per 100 hands. Best players earn 1-2bb per 100 hands. So, if rake falls only with 20-30%, poker players would earn twice more (or lose less for some). Would be soooo gooood for nxt!

You should play Omaha. 20-30bb per 100

[utopianfuture]

At least I think I've figured out the real reason why they resit checksums: it should have been a design decision, but somebody screwed up and now it looks too costly to fix, because everything is tied up on BigInt. Am I right? Well, consider the fact that the cost of fixing grows with every passing minute.

I don't know the details of the system, but here's an idea: at some point you are converting some random string into bigint to get the account number, right?

Convert it so as to get 56 bits instead of 64. Then append 4 bytes of CRC32 or 4 last bytes of MD5.

After that no changes are required, except when accepting the transaction. Then you take the address and verify the checksum.

If I am way off, figure out a way yourself, I am sure between 3 of you, you have more than enough brainpower to do so...

Sorry to sound harsh, but this is beyond ridiculous at this point.

By the way, anybody else seen these ads here?

I think it is all about taking priority. I don't think anyone resisting a safeguard to avoid costly mistakes. It is just a matter of How and When.

[utopianfuture]

Where the guy who was going to create a decentralized poker game? With AM it becomes possible.

I don't know why there was no noise about that! Decentralized poker game is something that may skyrocket NXT. Poker players have been waiting for this for ages! There have always been accusations of rigged software(rigged random generator) and also with decetralization the rake(that's how fees are called in poker) would be much smaller! Have in mind that rake in cash games is about 8-10bb per 100 hands. Best players earn 1-2bb per 100 hands. So, if rake falls only with 20-30%, poker players would earn twice more (or lose less for some). Would be soooo gooood for nxt!

I know at least one guy is working on it. He made the coinflip game for NXT. It just takes times to make an appropriate game. I surely would welcome more people developing poker games. BTW, poker is the second most expensive alias to register so far. Someone is going to make sure that money well spent.  

[NxtChg]

I think it is all about taking priority. I don't think anyone resisting a safeguard to avoid costly mistakes. It is just a matter of How and When.

Oh I hope so, I really do... But so far all I've seen are some nonsensical "arguments" about performance and stuff. And time is not our friend on this critical issue.

[Isildur23]

Where the guy who was going to create a decentralized poker game? With AM it becomes possible.

I don't know why there was no noise about that! Decentralized poker game is something that may skyrocket NXT. Poker players have been waiting for this for ages! There have always been accusations of rigged software(rigged random generator) and also with decetralization the rake(that's how fees are called in poker) would be much smaller! Have in mind that rake in cash games is about 8-10bb per 100 hands. Best players earn 1-2bb per 100 hands. So, if rake falls only with 20-30%, poker players would earn twice more (or lose less for some). Would be soooo gooood for nxt!

I know at least one guy is working on it. He made the coinflip game for NXT. It just takes times to make an appropriate game. I surely would welcome more people developing poker games. BTW, poker is the second most expensive alias to register so far. Someone is going to make sure that money well spent.  

I didn't even metion that there are countries where poker is restricted, and other where you pay huge taxes!

p.s. And ye, Omaha's rake is insane, especially in French sites!

[BitcoinForumator]

Where the guy who was going to create a decentralized poker game? With AM it becomes possible.

I don't know why there was no noise about that! Decentralized poker game is something that may skyrocket NXT. Poker players have been waiting for this for ages! There have always been accusations of rigged software(rigged random generator) and also with decetralization the rake(that's how fees are called in poker) would be much smaller! Have in mind that rake in cash games is about 8-10bb per 100 hands. Best players earn 1-2bb per 100 hands. So, if rake falls only with 20-30%, poker players would earn twice more (or lose less for some). Would be soooo gooood for nxt!

I know at least one guy is working on it. He made the coinflip game for NXT. It just takes times to make an appropriate game. I surely would welcome more people developing poker games. BTW, poker is the second most expensive alias to register so far. Someone is going to make sure that money well spent.  

I didn't even metion that there are countries where poker is restricted, and other where you pay huge taxes!

p.s. And ye, Omaha's rake is insane, especially in French sites!

No no, I wasn't talking about Omaha rake. I was talking about winrate in Omaha. On ONE pretty big network. Been doing it for 2 years so I know it's possible. (now I don't anymore - no time, no desire). Granted low stakes - but was told even higher up you can earn a lot more than 1-2bb like in Holdem.

[bitcoinpaul]

Unless we have a decentralized forum, having two boards is good.

But please, only use forums.nxtcrypto.org now

think here is pretty much decentralized.
but what you see centralized about nxtcrypto.org?

Pin

The ones who are in charge could always close the board, change some rules, maybe change entries? Isn't this very centralized?

[bitcoinpaul]

By the way, anybody else seen these ads here?

 

[newcn]

Closure On The EpicThomas Attack Of 31 Dec 2013

OK, time for EpicThomas restitution distribution.

EpicThomas has sent 47,960 NXT to my account 16092180239932658439 as a restitution payment for NXT lost in his hack attack of December 31.

From the previous charity distribution described at https://bitcointalk.org/index.php?topic=345619.msg4275210#msg4275210 this is the split applied:

Framewood: 35.16%
plasticAiredals: 6.56%
newcn: 6.39%
sparta_cuss: 51.89%

So I have transfered:

47960*0.3516 = 16863 to Framewood's  11516574435181434547
47960*0.0656 = 03146 sent to PlasticAiredale's  17139321135754562770
47960*0.0639 = 03065 sent to newcn's 13187911577562526278
47960*0.5189 = 24886 sent to Sparta-cuss's 14748981975238803545

These actions can be verified via the block explorer at http://87.230.14.1/nxt/nxt.cgi?action=34 .  Between charity and restitution payments, these four individuals have now recovered just shy of 30% of their losses.

There still  remains doubt over whether the bandit accounts associated with this heist contain stolen NXT or darkNXT.   Furthermore, the sentiment  in the NXT general forum seems to be that EpicThomas paying a restitution of 47,960 NXT balances the scales of justice for his crime of distributing infected NXT clients on December 31, 2013.

Accordingly, I consider the matter of EpicThomas to be closed and I will take no further actions regarding him.

thank you so much rickyjames, I owe you a favour, I'll remember that