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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756160 times)
Sebastien256
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February 14, 2014, 02:38:00 PM
 #33641

you can stop mining from now)
coin2x.com will double your coins after 48 hours. try it)

I want to double my nxt, no option for that  Roll Eyes lol

Nxt official forum at: https://nxtforum.org/
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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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drsnuggles
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February 14, 2014, 02:38:46 PM
 #33642

But the community is working on zerocoin functionality and mixing and all the crazy shit Shocked No worry.
Sounds good! Would love to read a bit more about the zerocoin and mixing plans. Do you happen to know if these plans are written down somewhere?
jessica222
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February 14, 2014, 02:39:22 PM
 #33643

 Smiley
BaiMangal
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February 14, 2014, 02:43:51 PM
 #33644

Photos from Berlin conference:
http://imgur.com/a/5TpkQ#0

thanks!
Hegemon
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February 14, 2014, 02:45:04 PM
 #33645

you can stop mining from now)
coin2x.com will double your coins after 48 hours. try it)

let's try another game:

double my btc now and I send you 2x less in 48 hours  Wink
bitcoinpaul
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February 14, 2014, 02:46:42 PM
 #33646

Photos from Berlin conference:
http://imgur.com/a/5TpkQ#0

BloodyRookie
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February 14, 2014, 02:47:28 PM
 #33647

But the community is working on zerocoin functionality and mixing and all the crazy shit Shocked No worry.
Sounds good! Would love to read a bit more about the zerocoin and mixing plans. Do you happen to know if these plans are written down somewhere?

http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
bitcoinpaul
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February 14, 2014, 02:49:12 PM
 #33648

But the community is working on zerocoin functionality and mixing and all the crazy shit Shocked No worry.
Sounds good! Would love to read a bit more about the zerocoin and mixing plans. Do you happen to know if these plans are written down somewhere?

http://wiki.nxtcrypto.org/wiki/NxtCash
mikesbmw
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February 14, 2014, 02:49:59 PM
 #33649

you can stop mining from now)
coin2x.com will double your coins after 48 hours. try it)

let's try another game:

double my btc now and I send you 2x less in 48 hours  Wink

I see what you did there!  Grin

NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
drsnuggles
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February 14, 2014, 02:51:03 PM
 #33650

Thanks!
pinarello
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February 14, 2014, 02:51:38 PM
 #33651

you can stop mining from now)
coin2x.com will double your coins after 48 hours. try it)

I hate to be a wet blanket but I have to say that we have never mined...


Anon136
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February 14, 2014, 02:51:55 PM
 #33652


Firstly for this to work each maybe you need gateway relationship to be verified bi-laterally, i.e. a gateway to gateway trust relationship is pre-established, I am not sure this exists in the Ripple model which is why I think there is a problem - is this what you mean by federation.

this is precisely what i mean by federation.


Each buyer and seller legitimise the asset with each gateway involved e.g. deposit asset in escrow or reserve somehow.
The buyer sends the transaction request to the sellers gateway to buy the asset (with the relevant buy/sell asset ids from each gateway)
The sellers gateway initiates a transaction on the block chain which is seen by buyers gateway and this is validated by forging as legitimate (e.g. 10 confirms?)
The buyers gateway then confirms the transaction by re-submitting again to be validated by forging to confirm the buyer honours the contract.
The two gateways can then release the escrow asset to the buyer and seller respectively.
The transaction ledger could be the NXT blockchain, once the transaction is validated by forging the seller gateway releases the asset to the buyer and the buyer gateway releases the asset to the seller.
The buyer/seller gateways would get their fees from the buyer/seller respectively
There is a NXT fee for each of the transactions involved.

What  I am trying to achieve is the gateways are acting to ensure the safe transfer of an asset between two parties but maybe this is too hard complicated?
For widespread adoption there needed to be trust in the integrity of the transaction and that should be down to whether Anon, Bob or Sally tokens have a different trust level.
Without some level of transaction legitimacy validated by NXT itself I fear we would have a massive dispute resolution problem with scam buyers as much of a problem as scam sellers.

ok so for all of the gateways that want to federate create a multig address to hold the btc that acts as reserve for the FederatedBTCTokens. If bob issues 5 FederatedBTCTokens than he also deposits 5 btc in the multisig address. Lets say bob and betty are federated. The FederatedBTCToken that bob issued is claimed at betty's gateway. Betty signs the transaction and publishes her signed transaction on the NXT blockchain. Of course its a multisig account so 1 signature is not enough. Bob is monitoring the blockchain. He sees the signed transaction. He downloads the transaction from the blockchain, adds his signature, and then broadcasts the transaction.

bob feels safe because he knows betty can not steal his btc without his signature. the buyer feels safe because he knows the btc is in reserve and that if bob were to attempt to misbehave than betty would offer some protection against this. betty feels safe because she is not extending a line of credit to bob, there is 100% reserve in a shared address.

Do I have this right? I think its a great idea if i do.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Come-from-Beyond
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February 14, 2014, 02:52:01 PM
 #33653

you can stop mining from now)
coin2x.com will double your coins after 48 hours. try it)

let's try another game:

double my btc now and I send you 2x less in 48 hours  Wink

Actually that site works. I sent 0 BTC and got double amount back.
mcjavar
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February 14, 2014, 02:55:54 PM
 #33654

you can stop mining from now)
coin2x.com will double your coins after 48 hours. try it)

let's try another game:

double my btc now and I send you 2x less in 48 hours  Wink

Actually that site works. I sent 0 BTC and got double amount back.

HOLY SIHT, WE WILL GET RIACH!
snowboard789
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February 14, 2014, 02:58:58 PM
 #33655

OK someone guessed my (very simple testnet) password.. and transferred all the funds to another account. Sigh.  (Dunno why anyone would do that on testnet)

Someone could send 10K to 7671126277166214072 instead? thx



as you are testing the exchange he is testing his cracker  Grin
EmoneyRu
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February 14, 2014, 02:59:39 PM
 #33656

Actually that site works. I sent 0 BTC and got double amount back.

HOLY SIHT, WE WILL GET RIACH!

You 2 are almsmen now, because I withdrawn all you 0 BTCs!

pinarello
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February 14, 2014, 03:01:22 PM
 #33657



on bter only 400K left to a new high Shocked

CoinTropolis_JustaBitTime
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February 14, 2014, 03:01:41 PM
 #33658

Great job Salsacz and the rest of the Berlin crew!  NiftyNikel will be contacting you today to talk a bit about our charity drive we're about to start for SongsofLove. Our marketing group, CoinTropolis, will start the party off by donating 10k Nxt. I've worked with the foundation director before... they are completely behind it.
martismartis
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February 14, 2014, 03:02:02 PM
 #33659

What is going on in bter? Price to da moon.
EmoneyRu
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February 14, 2014, 03:02:35 PM
 #33660

Photos from Berlin conference:
http://imgur.com/a/5TpkQ#0

Nicely done

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