NXT :: descendant of Bitcoin - Updated Information

[mcjavar]

what is the best nxt client (multiplatform) so far?

which one is endorsed by bcnext ?

thx

anyone please? thank u

wesley´s client.

[1618706712]

1618706712

[1618706712]

1618706712

[Sebastien256]

what is the best nxt client (multiplatform) so far?

which one is endorsed by bcnext ?

thx

anyone please? thank u

none, i think. But I think wesley client will be integrated by default in the near future on nxtcrypto.

[chanc3r]

Since there's no username/password combination, a hacker does not need to target an account to crack it. They can set up a cracker to log into http://localhost:7875/ and start with A, then AA, Then AAA and so on. They can run this cycle continuously. If your password is halfway decent maybe it takes them a couple of years to break it, but since you can't change your secret phrase you are a sitting duck. You can send to a new account once in a while but you lose your "coin age" and have to wait 1440 blocks to forge again every time you do this.

I typed in 'password" and instantly gained access to an account that had a couple hundred NXT there at one point. Who's  NXT indeed.

I recently changed accounts, took 1440 blocks to forge again, doesn't take long.

username / password only corresponds to match username+passwordhash on a system
most platforms focus on 8-10chars
if you know the username of someone you can brute force the 8-10
a 30+ semi-random-password takes a lot longer than 2 years

The information is in the thread on why this is not an issue for strong 30+ char passwords.
The clients will help users pick and store strong password.
Having only a strong password to protect your coins is true of all crypto's its just some clients hide this better.
Someone probably left that NXT in there as a joke or they are an idiot.

[eightspaces]

what is the best nxt client (multiplatform) so far?

which one is endorsed by bcnext ?

thx

anyone please? thank u

none, i think. But I think wesley client will be integrated by default in the near future.

thank u.  nxt really needs a "next gen" client that any noob can use. its so important.

price seems to be always the same

[Sebastien256]

price seems to be always the same

price do not matter now. Only growing community and nxt feathure. Hopefully.

[BrianNowhere]

Tying an account to a MAC address is also not possible.

That sux. What about IP address?

[Sebastien256]

Tying an account to a MAC address is also not possible.

That sux. What about IP address?

impossible, most people use dynamic ip

[antanst]

Since there's no username/password combination, a hacker does not need to target an account to crack it. They can set up a cracker to log into http://localhost:7875/ and start with A, then AA, Then AAA and so on. They can run this cycle continuously. If your password is halfway decent maybe it takes them a couple of years to break it, but since you can't change your secret phrase you are a sitting duck. You can send to a new account once in a while but you lose your "coin age" and have to wait 1440 blocks to forge again every time you do this.

Everyone can leave a cracker open indefinitely. You can do that in Bitcoin as well. Just download vanitygen, generate addresses and look at their balances. (edit: I just saw that chanc3r said the same thing ) If you get extremely lucky, you may stumble upon one with few coins in a few million years :-)

I typed in 'password" and instantly gained access to an account that had a couple hundred NXT there at one point. Who's  NXT indeed.

That's a problem with brainwallets. The security of the account is tied to the password strength the user chooses. And strong passwords aren't convenient.

[chanc3r]

Tying an account to a MAC address is also not possible.

That sux. What about IP address?

Well you could use you MAC address as part of your secret phrase but I don't think thats what you mean

[ChuckOne]

price seems to be always the same

price do not matter now. Only growing community and nxt feathure. Hopefully.

How many people have you told about NXT?

[Damelon]

Since there's no username/password combination, a hacker does not need to target an account to crack it. They can set up a cracker to log into http://localhost:7875/ and start with A, then AA, Then AAA and so on. They can run this cycle continuously. If your password is halfway decent maybe it takes them a couple of years to break it, but since you can't change your secret phrase you are a sitting duck. You can send to a new account once in a while but you lose your "coin age" and have to wait 1440 blocks to forge again every time you do this.

I typed in 'password" and instantly gained access to an account that had a couple hundred NXT there at one point. Who's  NXT indeed.

I did some checking on such claims a few days ago for this thread: https://nextcoin.org/index.php/topic,4290.msg40035.html#msg40035

For the "password" account it's the same. You can see they moved the money in and immediately out.
The only other Nxt in there was from the faucet. It was NEVER a serious account!

Most weak password accounts, and you can check, are from december, when this issue wasn't known that well, or were faucet thiefs.

I really would like people to not only state facts, but also interpret them.

[bitcoinpaul]

This 10% thing seems like a strange and confusing idea. I don't talk about the technical aspects or the possibilities with it, I just talk from a user standpoint.

[Sebastien256]

price seems to be always the same

price do not matter now. Only growing community and nxt feathure. Hopefully.

How many people have you told about NXT?

Some friends and work collegues, also, sometime I post some comments there and there below some bitcoin articles on the internet. My girlfriend is the only one I manage to get interest to put some money in nxt, after hardwork. Selling nxt to people that don't understand web technology is very difficult. Rightnow, I like to spare some time by giving my opinion and helping newcomers. Im reading this thread since december 21. Weird question by the way.

[ChuckOne]

This 10% thing seems like a strange and confusing idea. I don't talk about the technical aspects or the possibilities with it, I just talk from a user standpoint.

The 90% are like a reserve fund for merchants in case they already send you the item and you cheated them via double spends.

[bitcoinpaul]

This 10% thing seems like a strange and confusing idea. I don't talk about the technical aspects or the possibilities with it, I just talk from a user standpoint.

The 90% are like a reserve fund for merchants in case they already send you the item and you cheated them via double spends.

Is that the way we will explain it to Average Crypto Moe?

[mikesbmw]

Really, ALL of the current exchanges that handle NXT SUCK HUMONGOUS MONKEY BALLS!
This really pisses me off!    (probably already noticeable   )

Now it's Cryptsy at it (again).

Sent over 7500NXT 5,5 hours ago. I can see it in the address, but they haven't added it to my account.
Same thing happend to me several times with Bter and also at Vircurex.
All were solved eventually, but in the meantime it's waiting, waiting and waiting. At least NXT transfers are fast, that way I get to wait even longer if some exchange screws up (pun intended).

Man, I would be SO relieved if a decentralized exchange would be in place....

[ChuckOne]

This 10% thing seems like a strange and confusing idea. I don't talk about the technical aspects or the possibilities with it, I just talk from a user standpoint.

The 90% are like a reserve fund for merchants in case they already send you the item and you cheated them via double spends.

Is that the way we will explain it to Average Crypto Moe?

This was the way I explained it to you.

Make me something illustrative for our average Joes.

[Come-from-Beyond]

Please help us me to understand - what is the reason for the 1/10 ratio? or is it completely arbitrary?

BCNext wanted to use 1/7 but 1/10 is easier to calc without a computer.

EDIT: Cfb - what about the reserve balance approach I posted in your other thread?

Good idea.

[chanc3r]

Please help us me to understand - what is the reason for the 1/10 ratio? or is it completely arbitrary?

BCNext wanted to use 1/7 but 1/10 is easier to calc without a computer.

EDIT: Cfb - what about the reserve balance approach I posted in your other thread?

Good idea.

So the 1/10 reserve is arbitrary and with a different method like reserve balance the users could decide the level of reserve depending on how much 'pocket money' they would need.

Thanks, what do others think about this alternative method of 'pre-funding' instant transactions?

https://bitcointalk.org/index.php?topic=316104.msg5591145#msg5591145

[Mario123]

Which Mobile Clients are out there?

How is the status of local signing, Come-from-Beyond?