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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2754315 times)
Come-from-Beyond
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March 16, 2014, 04:28:15 PM
 #44901

I have found a very serious vulnerability/fatal flaw in NRS.

To which developer can i send the fix explanation?



<?php echo "Hash of fix explanation: " . hash('sha256',"
- - - fix explanation here - - -
");?>
Hash of fix explanation: 03b49ffa85a292df5b3ce670197ad54083329cc1c92d687b44b62b22bf170895

Send it to me.
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NxtMinnow
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March 16, 2014, 04:29:27 PM
 #44902

Have any of you guys or gals been watching the progress of Maidsafe, the decentralized storage platform?

EDIT: decentralized
salsacz
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March 16, 2014, 04:31:46 PM
 #44903

Have any of you guys or gals been watching the progress of Maidsafe, the distributed storage platform?
only for my paper. Here is some place for group interdisciplinary discussions: http://talk.bitcloudproject.org/index.php?board=11.0
then on twitters, of coz

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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March 16, 2014, 04:43:33 PM
 #44904

Great NXT news!   Nxt Crypto Review Completed!

Thanks DoctorEvil for reviewing the Nxt Crypto algo and implementation.

Additional thanks to DoctorEvil for reporting and not exploiting the found hole for which there is now a patch.

Thanks Damelon for reporting this great news in your newsletter at http://www.nxtcoins.nl/crypto-review-completed/
Damelon
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March 16, 2014, 04:53:16 PM
 #44905

Great NXT news!   Nxt Crypto Review Completed!

Thanks DoctorEvil for reviewing the Nxt Crypto algo and implementation.

Additional thanks to DoctorEvil for reporting and not exploiting the found hole for which there is now a patch.

Thanks Damelon for reporting this great news in your newsletter at http://www.nxtcoins.nl/crypto-review-completed/


I felt it was extremely important to share that with the general public, yes Wink

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
newsilike
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March 16, 2014, 05:09:51 PM
 #44906

How far is the progress regarding a implementation for anonymous transactions?

I mean darkcoin is here now and beginning to roll.
redsn0w
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March 16, 2014, 05:11:52 PM
 #44907

Can I have some testNXT?
Account ID: 9044573183754917414
Thanks

15k TestNxt sent , have fun Wink .
coolfish
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March 16, 2014, 05:15:44 PM
 #44908

PLS don't reset balance again;
Sent some to address: 8026612693734218048
1M nxt

Nxt:17482068461146780755
redsn0w
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March 16, 2014, 05:19:26 PM
 #44909

PLS don't reset balance again;
Sent some to address: 8026612693734218048
1M nxt

15k TestNxt sent , have fun Wink .
Come-from-Beyond
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March 16, 2014, 05:22:16 PM
 #44910

How far is the progress regarding a implementation for anonymous transactions?

I mean darkcoin is here now and beginning to roll.

Is Darkcoin a decentralized solution?
BrianNowhere
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March 16, 2014, 05:42:39 PM
 #44911

How far is the progress regarding a implementation for anonymous transactions?

I mean darkcoin is here now and beginning to roll.

Is Darkcoin a decentralized solution?

darkcoin:

Can anyone take a currency named Darkcoin seriously?
It sounds like a fifth grader came up with that name.

Seriously people. the day there's a digital currency that is totally impossible to track is the day that governments
stop tolerating it and start cracking down hard. It will be the domain of pedohiles, drug dealers, prostitutes and maybe strippers in the future.

There is no other form of currency in existence that is impossible to track via forensics. Even Fiat can be tracked if the amounts are large enough, that's why money laundering is a thing and also a thing that is illegal.

Bitcoin, Nxt and other currencies are only traceable if you have access to the bank records at the source. Retailers, regular people have no way to know who sent them crypto unless that person broadcasted the address in connection with their name somewhere in public. That is plenty of anonymity for anyone who is not doing something fucked up.

I seriously see the creation of mixers to be a threat to the entire crypto universe and I wish people would stop pursuing it for NXT.
Governments may just make mixing illegal but they may also just decide to throw the baby out with the bathwater.

NXT: 4957831430947123625
Conurtrol
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March 16, 2014, 05:57:53 PM
 #44912

May I have some testnxt please? 4408365948589531591
Eadeqa
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March 16, 2014, 06:02:45 PM
 #44913


Bitcoin, Nxt and other currencies are only traceable if you have access to the bank records at the source. Retailers, regular people have no way to know who sent them crypto unless that person broadcasted the address in connection with their name somewhere in public. That is plenty of anonymity for anyone who is not doing something fucked up.

Yes, I agree. It's total waste of time and resources spending money and resources on useless "features" like ZeroCash/ZeroCoin whatever you want to call it.  This is not going to do crap for Nxt. Everything is already anonymous. For  ultra paranoid, use Tor. Everything can be made untraceable by using exchanges from one crypto to another and back.

Nothing is anonymous if you try to convert crypto into fiat. If you do try to stay anonymous during fiat conversion , that would be a felony.


NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
jl777
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March 16, 2014, 06:07:34 PM
 #44914

How far is the progress regarding a implementation for anonymous transactions?

I mean darkcoin is here now and beginning to roll.

Is Darkcoin a decentralized solution?

darkcoin:

Can anyone take a currency named Darkcoin seriously?
It sounds like a fifth grader came up with that name.

Seriously people. the day there's a digital currency that is totally impossible to track is the day that governments
stop tolerating it and start cracking down hard. It will be the domain of pedohiles, drug dealers, prostitutes and maybe strippers in the future.

There is no other form of currency in existence that is impossible to track via forensics. Even Fiat can be tracked if the amounts are large enough, that's why money laundering is a thing and also a thing that is illegal.

Bitcoin, Nxt and other currencies are only traceable if you have access to the bank records at the source. Retailers, regular people have no way to know who sent them crypto unless that person broadcasted the address in connection with their name somewhere in public. That is plenty of anonymity for anyone who is not doing something fucked up.

I seriously see the creation of mixers to be a threat to the entire crypto universe and I wish people would stop pursuing it for NXT.
Governments may just make mixing illegal but they may also just decide to throw the baby out with the bathwater.

I am designing anonymity features to be optional and to be built on top of NXT, basically as an application.

As far as DRK goes, https://bitcointalk.org/index.php?topic=421615.msg5717144#msg5717144 has a pretty good description from the dev. It picks a random node each block to do some centralized processing, but relies on multisig approval from sender before releasing payment. From what I can tell, it is decent. Not 100% anonymous, but effective for preventing your neighbors from seeing your spending patterns, as long as there are enough transactions happening.

I thinking timing and knapsacking analysis will extract information, so it is not zeroknowledge level.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
bitcoinpaul
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March 16, 2014, 06:08:38 PM
 #44915


Bitcoin, Nxt and other currencies are only traceable if you have access to the bank records at the source. Retailers, regular people have no way to know who sent them crypto unless that person broadcasted the address in connection with their name somewhere in public. That is plenty of anonymity for anyone who is not doing something fucked up.

Yes, I agree. It's total waste of time and resources spending money and resources on useless "features" like ZeroCash/ZeroCoin whatever you want to call it.  This is not going to do crap for Nxt. Everything is already anonymous. For  ultra paranoid, use Tor. Everything can be made untraceable by using exchanges from one crypto to another and back.

Nothing is anonymous if you try to convert crypto into fiat. If you do try to stay anonymous during fiat conversion , that would be a felony.



I think you misunderstand this.
jl777
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March 16, 2014, 06:13:23 PM
 #44916


Bitcoin, Nxt and other currencies are only traceable if you have access to the bank records at the source. Retailers, regular people have no way to know who sent them crypto unless that person broadcasted the address in connection with their name somewhere in public. That is plenty of anonymity for anyone who is not doing something fucked up.

Yes, I agree. It's total waste of time and resources spending money and resources on useless "features" like ZeroCash/ZeroCoin whatever you want to call it.  This is not going to do crap for Nxt. Everything is already anonymous. For  ultra paranoid, use Tor. Everything can be made untraceable by using exchanges from one crypto to another and back.

Nothing is anonymous if you try to convert crypto into fiat. If you do try to stay anonymous during fiat conversion , that would be a felony.


Normal cash is being phased out. It is not "legal tender for all debts public and private" anymore. You cant even buy wifi time at airports with cash!

Maybe that doesnt bother you, thats ok. I am working on creating a replacement for cash for people who care about stuff like privacy, which also relates to freedom

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
paradigmflux
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March 16, 2014, 06:13:44 PM
 #44917

hey all

I am accepting applications to help me with some closed beta testing on a new pool that I am in the midst of setting up.  I hope to have the initial page up for the preliminary beta testers later today.

It is a mining pool that you can point your scrypt miners at, and use your NXT account ID as the worker name.  The pool will mine the most profitable of (eventually all of the altcoins) but during beta it will likely only mine the most profitable out of a small sampling of 3-4 different alts.
The coins that are mined will be liquidated on exchanges twice a day, and all of the BTC that they bring in will be used to buy NXT on the same exchange that the coins were sold on (to eliminate fees and time spent transferring coins between exchanges)
The NXT that is purchased with the BTC that was mined will then be sent out to all of the miners, divided up by the percentage of the total shares that each miner contributed to the pool.  There will be a 2.5% fee on the pool once it goes public (for the first 1 month) and afterwards the fee will drop to 2%.  During the closed beta period the fee will be 1%.  I have spent an enormous amount of time getting the various pieces to this all starting to work together, so I do not feel that it is an unfair fee amount.  The fee will be retained by the pool in the form of NXT, 100% of the coins mined will be liquidated for BTC and 100% of the BTC that is obtained will be immediately used to purchase NXT.

This will:

a) drive the price of NXT up by continually infusing BTC into the ecosystem
b) allow people to use scrypt miners to increase their NXT holdings.

Please message me if you're interested in testing the closed beta - as a warning, there will be limited visibility into the stats during the first part of the beta, although I will be more than willing to be in an IRC channel with the testers while they test.  Any coins that are mined will be liquidated and the NXT that they purchase will be distributed amongst the beta testers.  I am hoping to start the closed beta testing tonight, although there is the possibility that it may have to wait until early this week. 
--- Please include an approximate value for your hash rate if you're messaging about the closed beta testing.  I would like to be able to keep the beta to a reasonable hash rate, so please no huge 300 card mining farms or anything yet ---

---
NXT Multipool! Mine Scrypt, SHA, Keccak or X11 for NXT! http://hashrate.org
http://hashrate.org/getting_started for port info!
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March 16, 2014, 06:29:58 PM
 #44918

hey all

I am accepting applications to help me with some closed beta testing on a new pool that I am in the midst of setting up.  I hope to have the initial page up for the preliminary beta testers later today.

It is a mining pool that you can point your scrypt miners at, and use your NXT account ID as the worker name.  The pool will mine the most profitable of (eventually all of the altcoins) but during beta it will likely only mine the most profitable out of a small sampling of 3-4 different alts.
The coins that are mined will be liquidated on exchanges twice a day, and all of the BTC that they bring in will be used to buy NXT on the same exchange that the coins were sold on (to eliminate fees and time spent transferring coins between exchanges)





+10
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March 16, 2014, 06:32:45 PM
 #44919

hey all

I am accepting applications to help me with some closed beta testing on a new pool that I am in the midst of setting up.  I hope to have the initial page up for the preliminary beta testers later today.


Do you have plans to add SHA256 in the future?


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March 16, 2014, 06:33:16 PM
Last edit: March 16, 2014, 07:37:56 PM by igmaca
 #44920

When NXT is trading at 5100 satoshis...



Funadamental analisys
Jesus says in Luke 6:48, "He is like a man who built a house. He dug deep to put the building on rock. When the water came up and the river beat against the house, the building could not be shaken because it was built on rock."

nxt is built on rock?

Sentimental Analisys
"Be fearful when others are greedy and greedy when others are fearful."

buy now or sell now?  Grin

Technical analisys
In Chapter 14 of Proverbs, we are given solid advice. It says, "The naive believe everything . . . but a wise man looks well into a matter."

"technical indicators are well?"

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