NXT :: descendant of Bitcoin - Updated Information

[hypersire]

It's really not that hard to secure your NXT account, even with the current setup.

1) Open your text editor, close your eyes, and randomly strike keys. Make sure you use a combination of upper and lower case, numbers and special characters. You  must have a minimum of 30 characters. Personally I just kept going until the end of a single line on my text editor's window.

2) Save this file buried somewhere on your filesystem. Obviously do not name it "mynnxtpassword.txt" and save it in My Documents. You can call it something like "en-us" or "random_program_serial". Remove the txt extension so it appears as an unknown file.

3) Your NXT password should be this string PLUS a simple password (such as one you commonly use) that you type in either before or after pasting in the string.

By following these simple steps, the only possible way someone would get into your account would be if you had malware on your computer that was able to read the clipboard AND your keystrokes. Extremely unlikely. If you are truly paranoid, you can use a virtual keyboard instead of typing in one part of your password.

For extra security, NXT should be installed on a Linux Virtual Machine as opposed to your main system.

How about finger print and facial recognition !

Could a keylogger know what characters are deleted and where they were in a password?

Almost all keyloggers capture clipboard.

This will never save you against keyloggers.

Here is a typical keylogger

http://download.cnet.com/Free-Keystroke-Logger/3000-2162_4-75447782.html

It captures all keystrokes from all applications in covert, invisible mode. Then saves collected information to special reports, so you can view results of monitoring later. In addition, it is possible to scan clipboard for changes (record copied text), and monitor Internet navigation (record visited websites)

What about Stereotype's suggestion of deleting random parts of the passphrase after it is entered? I've never thought of that before but it sounds like it could work. The keylogger would be able to detect how many times you hit the backspace key, but not at which point in the passphrase string.

[salsacz]

Dear New Nxt users,

our main forum is here:

http://www.nxtforum.org/

If you want to help Nxt or get some rewards for your help, you can start here:

- texts: https://nxtforum.org/nxt-promotion/articles/msg5936/#msg5936

- graphics: https://nxtforum.org/nxt-promotion/infographics/

- videos: https://nxtforum.org/nxt-promotion/videos/msg5937/#msg5937


If you want to present some bigger project, you can submit proposals in:

https://nxtforum.org/marketing-committee/

and for devs:
https://nxtforum.org/technical-development-committee/

--
very soon will be released Nxt Kickstarter, so you can also count with crowdfundings


BTW, right now we recommend to use this Nxt client: http://nxtra.org/nxt-wallet - with simple installation process

If you want to buy Nxt, the biggest exchange is bter.com. You can easily buy Nxt on Cryptsy.com. But you need to wait for transfers in and out of these exchanges. If you want to use automatic Nxt exchanges, you can try bittrex.com

[salsacz]

nice new text about Nxt, from some blog/site
http://nova-gaia.com/the-nxt-phase-of-our-evolution/

[btc2nxt]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.9.2e

http://download.nxtcrypto.org/nxt-client-0.9.2e.zip

sha256: 5050e51728384d9b903377b5a4415cfada04fb207ab894a00abaeebcb70f0a2e


Change log:

Fractional asset quantities. Enjoy another reset of testnet.

When issuing an asset, the maximum allowed number of digits after the asset
quantity decimal point can be specified as "decimals" parameter (allowed
values 0 to . For example, this would be 2 for a currency like EUR, 8 for
Bitcoin.

Similar to prices, asset quantities can be specified either as quantityQNT,
expressed in the smallest possible quantity unit ("quant") for the specific
asset, or as quantityINT, expressed in whole asset units (which may however
contain a fractional part despite its name).
For example, 9.97 USD can be expressed as either quantityINT="9.97", or
quantityQNT="997", assuming decimals=2 for USD.

JSON responses containing quantities or asset balances are again returned in
both quantityINT and quantityQNT, as strings.

When placing an ask or bid order, if quantityQNT is specified, the price is
interpreted to apply to QNT quantity units (regardless of whether the price
itself was specified in NXT or in NQT). If quantityINT is specified, the
price is interpreted to apply to INT quantity units.
For example, a bid order for quantityQNT="300", priceNXT="2", for asset USD
will be interpreted as $3.00 at 1 cent = 2 NXT, i.e. 200 NXT for one dollar,
600 NXT total.
If parameters are submitted as quantityINT="7", priceNXT="50", the order will
be for $7.00 at 50 NXT for one dollar, 350 NXT total.

Internally order matching and tracking of account asset balances is always
done in quantityQNT. An unfortunate side effect for now is that when placing
an order using quantityINT, the calculated price in NQT for one QNT unit must
be an integer.
So you cannot place an order for quantityINT="1", priceNXT="10.12345678"
(or equivalently priceNQT="1012345678"), because then the price of one
quantityQNT will be 10123456.78 NQT. The priceNXT will have to be either
10.12345600 or 10.12345700. If this is confusing, specify the order as
quantityQNT="100", priceNQT="10123456".



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Fractional asset quantities are coming.

[mr smith]

1) creating account
- I can generate 12 words or choose a picture from computer
- my pass will be saved into wallet.dat if I want
- it will tell me how to backup my password

2) using account
- it will never ask for my password, if I chose to use wallet.dat
- NXT payments will be able to be approved by a creadit card, by a smartphone, by smart watch via android and other devices. If I go to the shop, I want to buy one apple for 5 Nxt by using my NXT credit card or smart device

Don't forget about ACCOUNT CONTROL! You will have limits on spending Nxt from your accounts, so it is like our credit card limits

Sounds fantastic, When will the nxt credit cards be ready for use ? I had no idea the banking system had allowed nxt to use the fiat SWIfT system > well done

[salsacz]

mr smith: I am only a visionaire here, this is how I personally think Nxt could be used. I freely presented my ideas

[lucky88888]

How about finger print and facial recognition !

many great ideas that pops out and are actually compatible with nxt!
hash of the scans on your face/fingerprints can be used for passphrases! no need to take anything with you.

[Fatih87SK]

1) creating account
- I can generate 12 words or choose a picture from computer
- my pass will be saved into wallet.dat if I want
- it will tell me how to backup my password

2) using account
- it will never ask for my password, if I chose to use wallet.dat
- NXT payments will be able to be approved by a creadit card, by a smartphone, by smart watch via android and other devices. If I go to the shop, I want to buy one apple for 5 Nxt by using my NXT credit card or smart device

Don't forget about ACCOUNT CONTROL! You will have limits on spending Nxt from your accounts, so it is like our credit card limits

THIS! I like these examples of how we can use NXT. I can understand it much better.

[dragonseer]

I'm curious about NXT but without diving too deep I just want to ask a couple of questions -

1. Has anyone withdrawn NXT from Cryptsy?? I couldn't and ended up selling it, I saw on Twitter others have had similar problems.
2. Is there a similar feature to the blockchain explorer?

Thanks

[lucky88888]

I'm curious about NXT but without diving too deep I just want to ask a couple of questions -

1. Has anyone withdrawn NXT from Cryptsy?? I couldn't and ended up selling it, I saw on Twitter others have had similar problems.
2. Is there a similar feature to the blockchain explorer?

Thanks

cryptsy has their problems..

blockchain explorer here http://87.230.14.1/nxt/nxt.cgi?action=1

remember guys nxt's favourite forum is over here https://nxtforum.org/

[POPPP]

starter
A quick, easy to use and powerfull crowfunding tool for the NXT community

NXTstarter is almost ready, help us to success :

Marketing Commity : https://nxtforum.org/marketing-committee/%28mc%29-nxtstarter/
General Discution : https://nxtforum.org/general-discussion/%28ann%29-nxtstarter-initial-funding/

[CIYAM]

Although I do wish "NXT starter" all the best understand that the AT system will allow you to create a crowdfunding AT that requires *zero trust* and *zero commission* (will simply be run by fees).

The plan I have in mind is to make this as simple as a "form that you will fill out" in order to create this AT (so no need to even understand programming at all).

It isn't easy to understand Internet 2.0 as we have all become so used to Internet 1.0 but hopefully people will see that "centralised websites" are going to have to become "a thing of the past".

[allwelder]

nice new text about Nxt, from some blog/site
http://nova-gaia.com/the-nxt-phase-of-our-evolution/

the logo is also cool,it is environment friendly at first sight.

[bitcoinpaul]

Although I do wish "NXT starter" all the best understand that the AT system will allow you to create a crowdfunding AT that requires *zero trust* and *zero commission* (will simply be run by fees).

The plan I have in mind is to make this as simple as a "form that you will fill out" in order to create this AT (so no need to even understand programming at all).

It isn't easy to understand Internet 2.0 as we have all become so used to Internet 1.0 but hopefully people will see that "centralised websites" are going to have to become "a thing of the past".

NXTstarter could be a platform to showcase the projects but isn't involved in the payment process.

[CIYAM]

NXTstarter could be a platform to showcase the projects but isn't involved in the payment process.

In the short term I can see the appeal - what we are going to end up with in the long term though I think is something rather different to that.

If you look at things like Bitcloud what I am seeing is that application storage (i.e. the DB) doesn't need to be "on a server in the cloud" but actually in the "blockchain itself" (it is a distributed DB).

Applications themselves would also be stored in the same way - meaning that we "don't need servers running applications" as we do today but instead we just have nodes forging and exchanging storage usage.

So "applications" becomes ATs and "DBs" become "parallel storage chains".

[bitcoinpaul]

In the short term I can see the appeal - what we are going to end up with in the long term though I think is something rather different to that.

Yeah, that's a vision of how it could be, but I think we are far from that. What do you think?

[TwinWinNerD]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.9.2e

http://download.nxtcrypto.org/nxt-client-0.9.2e.zip

sha256: 5050e51728384d9b903377b5a4415cfada04fb207ab894a00abaeebcb70f0a2e


Change log:

Fractional asset quantities. Enjoy another reset of testnet.

When issuing an asset, the maximum allowed number of digits after the asset
quantity decimal point can be specified as "decimals" parameter (allowed
values 0 to . For example, this would be 2 for a currency like EUR, 8 for
Bitcoin.

Similar to prices, asset quantities can be specified either as quantityQNT,
expressed in the smallest possible quantity unit ("quant") for the specific
asset, or as quantityINT, expressed in whole asset units (which may however
contain a fractional part despite its name).
For example, 9.97 USD can be expressed as either quantityINT="9.97", or
quantityQNT="997", assuming decimals=2 for USD.

JSON responses containing quantities or asset balances are again returned in
both quantityINT and quantityQNT, as strings.

When placing an ask or bid order, if quantityQNT is specified, the price is
interpreted to apply to QNT quantity units (regardless of whether the price
itself was specified in NXT or in NQT). If quantityINT is specified, the
price is interpreted to apply to INT quantity units.
For example, a bid order for quantityQNT="300", priceNXT="2", for asset USD
will be interpreted as $3.00 at 1 cent = 2 NXT, i.e. 200 NXT for one dollar,
600 NXT total.
If parameters are submitted as quantityINT="7", priceNXT="50", the order will
be for $7.00 at 50 NXT for one dollar, 350 NXT total.

Internally order matching and tracking of account asset balances is always
done in quantityQNT. An unfortunate side effect for now is that when placing
an order using quantityINT, the calculated price in NQT for one QNT unit must
be an integer.
So you cannot place an order for quantityINT="1", priceNXT="10.12345678"
(or equivalently priceNQT="1012345678"), because then the price of one
quantityQNT will be 10123456.78 NQT. The priceNXT will have to be either
10.12345600 or 10.12345700. If this is confusing, specify the order as
quantityQNT="100", priceNQT="10123456".



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Fractional asset quantities are coming.

All the haters that say that developement is at a standstill should follow JLs posts. This guy is a machiene!

[CIYAM]

Wait a second...  I was looking forward to having to HIRE you (or whomever is qualified) to setup an AT for me!?!    

Information in the digital age "likes to be free" - so any hiring would not be for such trivial tasks but only for construction of entirely *new* ATs (i.e. *skilled work*).

Yeah, that's a vision of how it could be, but I think we are far from that. What do you think?

I think that we are not as far away from this as you might think.

[TwinWinNerD]

starter
A quick, easy to use and powerfull crowfunding tool for the NXT community

NXTstarter is almost ready, help us to success :

Marketing Commity : https://nxtforum.org/marketing-committee/%28mc%29-nxtstarter/
General Discution : https://nxtforum.org/general-discussion/%28ann%29-nxtstarter-initial-funding/

While i think this project is nice, I am a bit skeptic, that your numbers will match reality. Within 2 years 2% of all NXT will have to go through your platform. While possible, i doubt it. Care to convince me?

In the realworld, crowfunding websites are also not very successful.

[Tobo]

So "applications" becomes ATs and "DBs" become "parallel storage chains".

Can we say these two things are next biggest things in crypto system world?