landomata
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Activity: 2184
Merit: 1000
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February 10, 2014, 11:08:20 AM |
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If we do as you propose, we would always have to wait 800 blocks before even considering sending the goods the client paid for. That's basically a whole day... not acceptable for any merchant or customer. I honestly don't want to wait 800 blocks so I can send some coins to an exchange...
Didn't CfB say that we can get block forging time gap down to 10 seconds or lower. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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lucky88888
Sr. Member
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Activity: 404
Merit: 250
https://nxtforum.org/
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February 10, 2014, 11:11:32 AM |
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HOLY CRAP!! BTC just got a heartattack!! So frigging scary looking at the speed of crash! |
Fuck Mt.Gox! Fuck Mintpal! Fuck Bter! FUCK kyc! Protect yourself use MGW! SUPERNET! Recommended ASSET ->InstantDex : Lead Dev Jl777 (decentralized multi currency instant exchange) Recommended ASSET -> Jinn : Lead Dev Come-from-Beyond (ternary processors!) https://nxtforum.org/news-and-announcements/(ann)-jinn/ |
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pinarello
Full Member
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Activity: 266
Merit: 100
NXT is the future
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February 10, 2014, 11:17:43 AM |
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I see huge buys on bter!
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^[GS]^
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Activity: 112
Merit: 10
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February 10, 2014, 11:18:02 AM |
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Advocating paragraph: " Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship. This might be the most retarded idea of the century. Props This idea could save many users being hacked and emptied.  1) send 1000 NXT and 2 fee 2) 800 before confirmation, canceled. 3) you back to 1000, but the 2 of fee are ongoing and will be forged. The system is not lost! everyone happy!  This is dumb idea. People will buy things/services and then cancel the transactions, stealing from the merchants. This is exactly the problem with credit card chargeback frauds, but here it will be 100 times worse. No one should be able to cancel transaction. Cryptos are irreversible as they should be. Use escrow. Would be really dumb not to cancel transactions if equally "are not real" until they reach the 1440 confirmations. I can pay you now, but will have to wait until 1440 to be effective confirmations. that is, it is not real. and 1440 confirmations are 48 hours! In other words, even slower system than bitcoin. Bitcoin needs 10 minute for 1 confirmation, and 60 minutes for 6 confirmations to be safe, so now here we have a system that is much much slower than bitcoin. Merchants can't ship products (or send you downloadable links if you bought digital products) for 48 hours. No thanks. hello? NXT exactly work that way now. current ANY balance is effective until after the 1440 confirmations. NONEwhat you see as a balance on the client, is the balance is unconfirmed, not real. the transaction is not real! confirmations until 1440. so it works currently! Now!do the test, send a transaction and will not be deducted from your effective balance until 1440 confirmations , 48 hours after they met. |
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pinarello
Full Member
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Activity: 266
Merit: 100
NXT is the future
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February 10, 2014, 11:18:37 AM |
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HOLY CRAP!! BTC just got a heartattack!! So frigging scary looking at the speed of crash! NXT is safe heaven like gold... PANIC buy  |
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ChuckOne
Sr. Member
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Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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February 10, 2014, 11:19:11 AM |
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if you're asking if negative input is legal, yes it is. To simplify it, it's similar to how modulo operates in C. If you do: int x = (1-3) % 5; // -2 % 5
you'll get "-2" as a result, but what you're actually interested in is: int x = (1-3 + group_order) % 5; // (-2 + 5) % 5 = 3 % 5 == 5
== 5, and you'll get 3 as a result... Yes, I know. So, the problem is that -2 or 3 is processed further and we are not certain if -2 behaves differently than 3 does. That is certainly a problem. EDIT: we are not certain if the 3 resulting from a -2 is process the same way as we would give it another try. "-2" is passed as input to verify() which was expecting to see "3" not "-2"... But it is not sure, if -2 in form as a 3 would result in the same outcome as it would be a 'real' 3 from the beginning. In math -2 mod 5 equals 3. Is that the result, which is wanted? ... in that case C implementation is wrong there and should not use % with negative numbers. (change to positive by adding 5) I think that's not the point here. Consider this: b = f(a)
c = g(b)
d = h(a, c)
Let's assume c results in -2 with a certain b. Even if c=-2 and c=3 are interchangeable mathematically, h might not work as expected as the pair (a, c) belong together. So, it could be the case that h(a, -2) != h(a, 3) for the very same a. This must be avoided at any cost. |
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BitcoinForumator
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Activity: 1120
Merit: 1000
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February 10, 2014, 11:21:59 AM |
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What's this bitcoin bug i keep hearing about? Just heard and it's everywhere.
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BitcoinForumator
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Activity: 1120
Merit: 1000
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February 10, 2014, 11:22:35 AM |
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That's exactly what I'm doing ... |
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pinarello
Full Member
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Activity: 266
Merit: 100
NXT is the future
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February 10, 2014, 11:22:53 AM |
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Marketing, please use this momentum, where are the swarms?
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pinarello
Full Member
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Activity: 266
Merit: 100
NXT is the future
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February 10, 2014, 11:23:51 AM |
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What's this bitcoin bug i keep hearing about? Just heard and it's everywhere.
NOT in NXT! spread the word, NXT as safe heaven |
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CIYAM
Legendary
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Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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February 10, 2014, 11:24:05 AM |
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What's this bitcoin bug i keep hearing about? Just heard and it's everywhere.
I think people are getting too excited about it - it's not a bug that really affects anyone except for perhaps exchanges who are relying on the tx hash to check whether a tx went through or not (if you are using bitcoin-qt this wouldn't affect your balance at all). |
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wesleyh
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February 10, 2014, 11:24:18 AM |
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We did just have a similar issue only a few days ago, but hey.. ;-) (I'm referring to the bug found by doctor evil) |
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Bitventurer
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February 10, 2014, 11:25:49 AM |
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what would it take to do better at our public relations face? cannot sleap, too much weed.. - I am finishing the text "Decentralized internet and Nxt solutions", so I hope it will get some comments from the community and them we can send it to big mainstream media and get attention from guys like Kim Dotcom or Assagne. As was said, contact with Kim is possible, but we need to show him this text first Somehow, when I asked the question of how to do better at our public relations face, I didn't think the answer would be too much weed, Kim Dotcom and Julian Assagne.  HAHA, I usually dont post that... much when i doo... well...im drunk |
SP8DE - The Game of Chance. Changed.
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BitcoinForumator
Legendary
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Activity: 1120
Merit: 1000
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February 10, 2014, 11:26:20 AM |
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What's this bitcoin bug i keep hearing about? Just heard and it's everywhere.
NOT in NXT! spread the word, NXT as safe heaven Yes I know but what is this bug exactly? Just Gox? Edit: Ok, got it Passion |
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