Bitcoin Forum
November 14, 2019, 04:31:55 AM *
News: Help collect the most notable posts made over the last 10 years.
 
   Home   Help Search Login Register More  
Pages: « 1 ... 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 2084 2085 2086 2087 2088 2089 2090 2091 2092 2093 2094 2095 2096 2097 2098 2099 2100 2101 2102 2103 2104 2105 2106 2107 [2108] 2109 2110 2111 2112 2113 2114 2115 2116 2117 2118 2119 2120 2121 2122 2123 2124 2125 2126 2127 2128 2129 2130 2131 2132 2133 2134 2135 2136 2137 2138 2139 2140 2141 2142 2143 2144 2145 2146 2147 2148 2149 2150 2151 2152 2153 2154 2155 2156 2157 2158 ... 2565 »
  Print  
Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756263 times)
Eadeqa
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
March 08, 2014, 08:55:32 PM
 #42141

If zerocoin/mixing is only an option for those who want to use it and do not become the standard of nxt core, then i see no problem. It would be the best of the two world. I just hope that  zerocoin/mixing  will simply be a layer on top of nxt for which user will have the choice to use it or not. Legal business will then simply not use the zerocoin/mixing functions. 

I would like to see Zerocoin on its own chain, but doing so likely does have the drawback of making it easier to correlate users with transactions.  Still, I'd rather it be optional.
 

Once again, where is the evidence Zerocoin is being implemented with Nxt? Where is the code? Who is the Nxt developer writing the code? How do you resolve the problems mentioned in this post?

https://bitcointalk.org/index.php?topic=279249


Quote
Zerocoin has a number of serious limitations:
- It uses cutting-edge cryptography which may turn out to be insecure, and which is understood by relatively few people (compared to ECDSA, for example).
- It produces large (20kbyte) signatures that would bloat the blockchain (or create risk if stuffed in external storage).
- It requires a trusted party to initiate its accumulator. If that party cheats, they can steal coin. (Perhaps fixable with more cutting-edge crypto.)
- Validation is very slow (can process about 2tx per second on a fast CPU), which is a major barrier to deployment in Bitcoin as each full node must validate every transaction.
- The large transactions and slow validation also means costly transactions, which will reduce the anonymity set size and potentially make ZC usage unavailable to random members of the public who are merely casually concerned about their privacy.
- Uses an accumulator which grows forever and has no pruning. In practice this means we'd need to switch accumulators periodically to reduce the working set size, reducing the anonymity set size. And potentially creating big UTXO bloat problems if the horizon on an accumulator isn't set in advance.



NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
1573705915
Hero Member
*
Offline Offline

Posts: 1573705915

View Profile Personal Message (Offline)

Ignore
1573705915
Reply with quote  #2

1573705915
Report to moderator
1573705915
Hero Member
*
Offline Offline

Posts: 1573705915

View Profile Personal Message (Offline)

Ignore
1573705915
Reply with quote  #2

1573705915
Report to moderator
1573705915
Hero Member
*
Offline Offline

Posts: 1573705915

View Profile Personal Message (Offline)

Ignore
1573705915
Reply with quote  #2

1573705915
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1573705915
Hero Member
*
Offline Offline

Posts: 1573705915

View Profile Personal Message (Offline)

Ignore
1573705915
Reply with quote  #2

1573705915
Report to moderator
1573705915
Hero Member
*
Offline Offline

Posts: 1573705915

View Profile Personal Message (Offline)

Ignore
1573705915
Reply with quote  #2

1573705915
Report to moderator
1573705915
Hero Member
*
Offline Offline

Posts: 1573705915

View Profile Personal Message (Offline)

Ignore
1573705915
Reply with quote  #2

1573705915
Report to moderator
jl777
Legendary
*
Offline Offline

Activity: 1176
Merit: 1090


View Profile WWW
March 08, 2014, 08:56:36 PM
 #42142

All: Please watch this video about the future of Nxt and comment it (here), thank you very much!

http://youtu.be/RtTWUwRL9mQ


Nxt Decentralized Internet video - alfa version:
http://youtu.be/RtTWUwRL9mQ

(created between 20 Feb-8 March)

I would be very grateful for any comments and suggestions. It still needs some time, but it already can be commented

Based on the paper:
http://justpaste.it/decentralized-internet
(created between 12-18 Feb)

And good night, its almost 6 AM here Cheesy

There is no evidence Nxt is ever going to implement zerocoin. It's incompatible  with 1000 TF

Zerocoin has a number of serious limitations:
- It uses cutting-edge cryptography which may turn out to be insecure, and which is understood by relatively few people (compared to ECDSA, for example).
- It produces large (20kbyte) signatures that would bloat the blockchain (or create risk if stuffed in external storage).
- It requires a trusted party to initiate its accumulator. If that party cheats, they can steal coin. (Perhaps fixable with more cutting-edge crypto.)
- Validation is very slow (can process about 2tx per second on a fast CPU), which is a major barrier to deployment in Bitcoin as each full node must validate every transaction.
- The large transactions and slow validation also means costly transactions, which will reduce the anonymity set size and potentially make ZC usage unavailable to random members of the public who are merely casually concerned about their privacy.
- Uses an accumulator which grows forever and has no pruning. In practice this means we'd need to switch accumulators periodically to reduce the working set size, reducing the anonymity set size. And potentially creating big UTXO bloat problems if the horizon on an accumulator isn't set in advance.

parallel blockchains would make it possible

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Jerical13
Full Member
***
Offline Offline

Activity: 266
Merit: 100



View Profile
March 08, 2014, 08:56:50 PM
 #42143


If it is possible to speed up the network, in a resource efficient manor that wasn't out of balance with the purpose for speeding it up I say "Hell Yeah! Do it". If not , there are other options.

To use your words 'Hell Yeah' this is the way I would try to do it... and it is about infrastructure if you consider this to be how NXT works as a whole, but its not about H/W or shouldn't be (other than N/W).

What ever works. I see NXT as opportunity in infinite forms. To me that is its infrastructure. The more solutions and variants the better. The more observations from different points of view the better. Really there is nothing to rule out both suggested solutions being implemented simultaneously.

Plus this kind of conversation is just interesting. Cheesy

What do you mean by H/W and N/W ? missed that.
Eadeqa
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
March 08, 2014, 09:01:26 PM
 #42144

All: Please watch this video about the future of Nxt and comment it (here), thank you very much!

http://youtu.be/RtTWUwRL9mQ


Nxt Decentralized Internet video - alfa version:
http://youtu.be/RtTWUwRL9mQ

(created between 20 Feb-8 March)

I would be very grateful for any comments and suggestions. It still needs some time, but it already can be commented

Based on the paper:
http://justpaste.it/decentralized-internet
(created between 12-18 Feb)

And good night, its almost 6 AM here Cheesy

There is no evidence Nxt is ever going to implement zerocoin. It's incompatible  with 1000 TF

Zerocoin has a number of serious limitations:
- It uses cutting-edge cryptography which may turn out to be insecure, and which is understood by relatively few people (compared to ECDSA, for example).
- It produces large (20kbyte) signatures that would bloat the blockchain (or create risk if stuffed in external storage).
- It requires a trusted party to initiate its accumulator. If that party cheats, they can steal coin. (Perhaps fixable with more cutting-edge crypto.)
- Validation is very slow (can process about 2tx per second on a fast CPU), which is a major barrier to deployment in Bitcoin as each full node must validate every transaction.
- The large transactions and slow validation also means costly transactions, which will reduce the anonymity set size and potentially make ZC usage unavailable to random members of the public who are merely casually concerned about their privacy.
- Uses an accumulator which grows forever and has no pruning. In practice this means we'd need to switch accumulators periodically to reduce the working set size, reducing the anonymity set size. And potentially creating big UTXO bloat problems if the horizon on an accumulator isn't set in advance.

parallel blockchains would make it possible

In other words, it's complete fiction right now with no evidence that anyone is even working on it to implement on Nxt and how it's going to be implemented. Not only there is no code, but how it will be implemented is unclear speculation.  Plus there is no evidence  it will work. We should stop making Youtube videos about Nxt having zerocoin "feature" as if it's implemented working feature. .

salsacz delete your youtube video immediatly.





NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
Sebastien256
Hero Member
*****
Offline Offline

Activity: 715
Merit: 500



View Profile
March 08, 2014, 09:03:27 PM
 #42145


In other words, it's completely fiction right now with no evidence that anyone is even working on it to implement on Nxt and how it's going to be implemented.
Plus there is no evidence  it will work. We should stop making Youtube videos about Nxt having zerocoin "feature" as if it's implemented working feature. .

salsacz delete your youtube video immediatly.


please look at nxtcash on the list of thread:
http://www.nxtcoins.nl/bitcointalk-threads/

EDIT:

If zerocoin/mixing is only an option for those who want to use it and do not become the standard of nxt core, then i see no problem. It would be the best of the two world. I just hope that  zerocoin/mixing  will simply be a layer on top of nxt for which user will have the choice to use it or not. Legal business will then simply not use the zerocoin/mixing functions.  


parallel blockchains would make it possible

My point of view is that nxtcash should not be implemented in the nxt core, but as an optional layer over the core. Using Parallel block chain for nxtcash is a very good idea.

Nxt official forum at: https://nxtforum.org/
Jerical13
Full Member
***
Offline Offline

Activity: 266
Merit: 100



View Profile
March 08, 2014, 09:06:25 PM
 #42146

 

[/quote]
Could you point me to that solution of yours?
[/quote]

I was talking about the use of prepaid credit cards for use in point of purchase transactions as a way of possibly bypassing having to figure out how to make instant transactions possible through the network.
BrianNowhere
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile WWW
March 08, 2014, 09:09:59 PM
 #42147

Ripple (which puts these selling points first as well) has been around longer than Bitcoin or at least nearly as long I believe.

Huh

Fact check: Ripple was founded in 2004 by Ryan Fugger

https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

NXT: 4957831430947123625
Emule
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
March 08, 2014, 09:10:22 PM
 #42148

Nxt Decentralized Internet video - alfa version:
http://youtu.be/RtTWUwRL9mQ

(created between 20 Feb-8 March)

I would be very grateful for any comments and suggestions. It still needs some time, but it already can be commented

Based on the paper:
http://justpaste.it/decentralized-internet
(created between 12-18 Feb)

And good night, its almost 6 AM here Cheesy

CRAP! and copyright violation! == theft

http://en.wikipedia.org/wiki/Copyright_infringement

when u finally going to do something usefull for this community?
wesleyh
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
March 08, 2014, 09:12:58 PM
 #42149

New version of NxtWallet for Mac available:

http://nxtra.org/mac/NxtWallet.zip

Shows blockchain download progress. Tomorrow or monday I will release the same version for windows.

It connects to TestNet at first start. you can switch to Main Net via tools menu. I suggest you test everything out in TestNet first as there may be bugs. We need someone to do an audit of the web code.

If you want the old interface, simply go to http://localhost:7875 (main net) in the browser when the app is running.

My Nxt id is : 8189784314684138350 - thanks for any donations.


chanc3r
Sr. Member
****
Offline Offline

Activity: 770
Merit: 253

USDQ - QDAO


View Profile
March 08, 2014, 09:13:19 PM
 #42150

Thanks  Smiley

You're welcome.

(I'm killing me)

and me....  Grin

        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
PLATINUM STABLECOINS
USDQ KRWQ CNYQ JPYQ

───────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
FACEBOOK         TWITTER         TELEGRAM
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
BrianNowhere
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile WWW
March 08, 2014, 09:15:03 PM
 #42151


In other words, it's complete fiction right now with no evidence that anyone is even working on it to implement on Nxt and how it's going to be implemented. Not only there is no code, but how it will be implemented is unclear speculation.  Plus there is no evidence  it will work. We should stop making Youtube videos about Nxt having zerocoin "feature" as if it's implemented working feature. .

salsacz delete your youtube video immediatly.


This goes for all the promotion out there promising instant transactions and transparent forging. I feel like I've been suckered in somewhat with a bait and switch.

NXT: 4957831430947123625
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 2128
Merit: 1009

Newbie


View Profile
March 08, 2014, 09:17:02 PM
 #42152

Since the second transaction has a higher fee, it will get on the next block with higher priority, right? Since the first payment won't be confirmed, how can the double-spend succeed?

Only 1/10 is allowed to spend.
chanc3r
Sr. Member
****
Offline Offline

Activity: 770
Merit: 253

USDQ - QDAO


View Profile
March 08, 2014, 09:20:21 PM
 #42153


If it is possible to speed up the network, in a resource efficient manor that wasn't out of balance with the purpose for speeding it up I say "Hell Yeah! Do it". If not , there are other options.

To use your words 'Hell Yeah' this is the way I would try to do it... and it is about infrastructure if you consider this to be how NXT works as a whole, but its not about H/W or shouldn't be (other than N/W).

What ever works. <snip...>
Plus this kind of conversation is just interesting. Cheesy

What do you mean by H/W and N/W ? missed that.

For next computation is not the issue but we cannot do much about data volumes... we can make the communication more efficient by compressing/turning it into binary, but once done then the more transactions you have the more data nodes need to exchange so N/W or network could become an issue. Its not an issue today we don't need nodes with huge pipes but in my experience the way you stop something like this being an issue or costing a lot to fix is to solve it when the system is small.

Also we talk about NXT (singular) and think about 1 node, there is value in thinking of it as a network and a sequence of nodes...

        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
PLATINUM STABLECOINS
USDQ KRWQ CNYQ JPYQ

───────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
FACEBOOK         TWITTER         TELEGRAM
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
BrianNowhere
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile WWW
March 08, 2014, 09:21:13 PM
 #42154

Since the second transaction has a higher fee, it will get on the next block with higher priority, right? Since the first payment won't be confirmed, how can the double-spend succeed?

Only 1/10 is allowed to spend.

The more I think about this idea the more I don't like it. If I want to have 100 NXT to spend on hand I have to commit 1000 NXT to be unaccessible? If a security bug becomes known or there's some bad news that causes NXT price to plummet I have no way to react.

I don't think most people will be willing to do this.

Just my .5 NXt

I like the parallel blockchain idea much better if it's feasible.

NXT: 4957831430947123625
chanc3r
Sr. Member
****
Offline Offline

Activity: 770
Merit: 253

USDQ - QDAO


View Profile
March 08, 2014, 09:21:49 PM
 #42155

Since the second transaction has a higher fee, it will get on the next block with higher priority, right? Since the first payment won't be confirmed, how can the double-spend succeed?
Only 1/10 is allowed to spend.

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

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

        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
PLATINUM STABLECOINS
USDQ KRWQ CNYQ JPYQ

───────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
FACEBOOK         TWITTER         TELEGRAM
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
EvilDave
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000



View Profile
March 08, 2014, 09:23:08 PM
 #42156

Don't know if anyones posted this here yet....but there's another password cracker going thru the NXT blockchain:

https://bitcointalk.org/index.php?topic=506298.msg5580350#msg5580350

There's a reference in the thread above to a 1 megaNXT account with a 4 character password. Smells like FUD to me, but have a look for yourselves.....I'm going to carry on plowing thru this thread.

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
bitcoinpaul
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000



View Profile
March 08, 2014, 09:25:07 PM
 #42157

Fact check: Ripple was founded in 2004 by Ryan Fugger

https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

Didn't know!
Sebastien256
Hero Member
*****
Offline Offline

Activity: 715
Merit: 500



View Profile
March 08, 2014, 09:25:49 PM
 #42158

Since the second transaction has a higher fee, it will get on the next block with higher priority, right? Since the first payment won't be confirmed, how can the double-spend succeed?

Only 1/10 is allowed to spend.

The more I think about this idea the more I don't like it. If I want to have 100 NXT to spend on hand I have to commit 1000 NXT to be unaccessible? If a security bug becomes known or there's some bad news that causes NXT price to plummet I have no way to react.

I don't think most people will be willing to do this.

Just my .5 NXt

I disagree on "If a security bug becomes known or there's some bad news that causes NXT price to plummet I have no way to react.". Right now, bad news could happen anytime to plummet NXT price. You should think NXT feathure for long term ideology. NXT is not a final product.

Overall, I believe that "If I want to have 100 NXT to spend on hand I have to commit 1000 NXT to be unaccessible" is good idea if all the thing is secure and can be work out.

Nxt official forum at: https://nxtforum.org/
BrianNowhere
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile WWW
March 08, 2014, 09:43:42 PM
 #42159

Don't know if anyones posted this here yet....but there's another password cracker going thru the NXT blockchain:

https://bitcointalk.org/index.php?topic=506298.msg5580350#msg5580350

There's a reference in the thread above to a 1 megaNXT account with a 4 character password. Smells like FUD to me, but have a look for yourselves.....I'm going to carry on plowing thru this thread.

Best comment in that thread:

You just opened a Pandora's Box ...

Perhaps Nxt can actually be "mined", after all.  Grin


Seriously though, this is pretty scary. You can brute force the ENTIRE network at once. It's the equivalent of someone walking though the neighborhood (at high speed) checking every door for a weak lock and methodically steal EVERYTHING from anyone who has the wrong kind of lock.

It would be nice to be able to tie your account to a MAC address if you want to, or to a list of MAC addresses. 2FA might help as well but don't see that as feasible at the core level.

NXT: 4957831430947123625
Emule
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
March 08, 2014, 09:45:18 PM
 #42160


In other words, it's complete fiction right now with no evidence that anyone is even working on it to implement on Nxt and how it's going to be implemented. Not only there is no code, but how it will be implemented is unclear speculation.  Plus there is no evidence  it will work. We should stop making Youtube videos about Nxt having zerocoin "feature" as if it's implemented working feature. .

salsacz delete your youtube video immediatly.


This goes for all the promotion out there promising instant transactions and transparent forging. I feel like I've been suckered in somewhat with a bait and switch.

hell yeah you see it finally

almost april and......

Let sum up what we have finished here:

- Decentralized Alias System / DNS: yes but not Complete
- Basic DDoS Protection: Complete?
- Decentralized Asset Exchange / Colored Coins:NO
- Transparent Mining:NO
- Transparant Forging:NO
- Arbitrary Messaging: Complete but absolete
- Instant Transactions:NO
- Decentralized Marketplace / Auction:NO
- Distributed Storage:NO
- Multi-signatures:NO
- Blockchain Shrinking:NO
- Two-phase Payments:NO
- Voting System:NO
- Reputation System:NO
- Decentralized Mixing Service:NO
- Distributed Computing:NO
- Smart Contracts:NO
- Hardware Wallets:NO
- Advanced DDoS Protection Project Kharo:NO
- white paper: NO
- Client:NO

What do we have:

bloated Blockchain that uses GB's of traffic that no one can afford!
hot air
unclaimed coins
12 laughing rich initial founders and 15 sitting on a pile of nxt they never can sell
rats leaving the sinking ship already
Pages: « 1 ... 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 2084 2085 2086 2087 2088 2089 2090 2091 2092 2093 2094 2095 2096 2097 2098 2099 2100 2101 2102 2103 2104 2105 2106 2107 [2108] 2109 2110 2111 2112 2113 2114 2115 2116 2117 2118 2119 2120 2121 2122 2123 2124 2125 2126 2127 2128 2129 2130 2131 2132 2133 2134 2135 2136 2137 2138 2139 2140 2141 2142 2143 2144 2145 2146 2147 2148 2149 2150 2151 2152 2153 2154 2155 2156 2157 2158 ... 2565 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!