NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

I thought BC meant block chains.
I still dont get it though how to store messages in BCs?

So are there plans to have micro NXTs as well?

I see no problems to store messages in the blockchain. Currently we have 16 GiB per year limit. It will be very expensive to spam blockchain.

[1714483702]

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[pinarello]

Can’t wait to see this all materializing.


Very exciting moments who knows even history is written right now…

Pin

[Come-from-Beyond]

Guys, r u ready for the squatting? Once Alias System is activated u'll get opportunity to squat on nice aliases like "nxt", "sex" and "batman"... Alias System is the future of Internet, one short word acquired today for 1 NXT will be worth billions of dollars in 5 years.
[/quotehey buddy im not too clued up on this alias thing can you explain what it is and its purpose?

This is a decentralized incarnation of aliases on Macs, links on Unix and shortcuts on Windows. It's an extended version though, for example, u can link "timmyd" to "tel:12478713425" and anyone who clicks timmyd link will be able to call u even if u change ur phone numbers very often.

[PeercoinEnthusiast]

I agree with the above....the more demand for an alias the more its value will increase so a decentralized market work very easily.

It would give another a reason for companies and individuals to use Nxt as a marketing tool thereby increasing real world usage.

If someone blocks a companies name then they would no recourse.

I agree as well. Nothing stops us from adding a special type of a transaction that transfers ownership of an alias to other account. And this can be done via Decentralized Auction embedded into Nxt (oops, future plans leaked ).

This would be AWESOME.

[Come-from-Beyond]

This would be AWESOME.

Aye. The only obstacle on a way to the bright future is lack of alt-clients that support these features.

[abctc]

... history is written right now…

- not really, BCnext described this ages ago: messaging, aliases.

as well as a lot of other features.

[shinep]

All sounds really exciting....and I cant wait to try it out and see the source code.

I think the only problem with this coin at the moment is hoarding.I hope the situation will change once the source is released.
Otherwise someone else is gonna come up with similar ideas for a coin like 'pxt' which is distributed easily among more people
and at the end of the day for the common user, it doesnt matter if its nxt or pxt, as long as they can get hold of it easily and cheap.

[NxtChoice]

The Alias is associated with Nxt account, so can Nxt account associate many alias names?

[Come-from-Beyond]

The Alias is associated with Nxt account, so can Nxt account associate many alias names?

What do u mean? A lot of aliases can direct to one account.

[NxtChoice]

The Alias is associated with Nxt account, so can Nxt account associate many alias names?

What do u mean? A lot of aliases can direct to one account.

Thanks!

I can't wait to try it out, wow!

BTW, let's forge 24/7 to get a lot of fees due to the alias name competition.

[xibeijan]

1. I purchase candy and link it to mysite.example.com
2. Jill wants to purchase candy from me
3. There is no transfer/sell option. 'candy' is always linked to the same acct number.

Is that correct? I'd love to option to be able to sell these. Also, with NXT amount so low, doesn't that just encourage someone with a crapload of coins to drop 10k on names?

Correct, u have NO option to sell these except by selling ur secret phrase.

Anyone can squat as many names as they wish. NRS picks high-fee transactions in the 1st place.

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

[msin]

All sounds really exciting....and I cant wait to try it out and see the source code.

I think the only problem with this coin at the moment is hoarding.I hope the situation will change once the source is released.
Otherwise someone else is gonna come up with similar ideas for a coin like 'pxt' which is distributed easily among more people
and at the end of the day for the common user, it doesnt matter if its nxt or pxt, as long as they can get hold of it easily and cheap.

I agree that hoarding would be a concern but consider that 3 weeks ago there were only 71 people with Nxt.  Today there are over 1600 people that hold Nxt.  I would say that's a pretty natural distribution.  After so many years, 900 people still own half of BTC.  If you examine the Nxt Blockchain you will see that more and more Nxt is being distributed among the top accounts.

[2X84]

BTW, let's forge 24/7 to get a lot of fees due to the alias name competition.

I know I'll be! 

[Come-from-Beyond]

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

[mcjavar]

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

C-f-B you are too active in the forums.. who is coding?

[nexern]

This would be AWESOME.

Aye. The only obstacle on a way to the bright future is lack of alt-clients that support these features.

don't worry, NXT | Application Hub, is on it's way, faster than expected. 

[msin]

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

[PeercoinEnthusiast]

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

[pinarello]

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

 

[mcjavar]

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

 

Ok, so that´s how he is doing it