NXT :: descendant of Bitcoin - Updated Information

[Framewood]

I'm hoping someone can please help me.

Yesterday I tried to transfer 100,088 NTX from my first account 697109629372813510 to my second account which I just setup 11516574435181434547. The day before I tested the second account by transferring 10NXT from my original account and 10NXT from dgex and they transferred fine. When I transferred the 100,088NXT I used the correct address (I'm not a noob, I've been in IT for 28 years so I know how to copy & paste and check the address is correct) and I noticed a slight stall but thought nothing of it and the transaction went through. I had to go out so I shut down the computer and left. This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838. I'm hoping this is just a caching address or something and it will come through. Can anyone through some light on this?

I was using 0.4.4 client.
I'm now on 0.4.7e

The other strange thing is that the transaction fee is only 1 it should be 100.


http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=697109629372813510    first account

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11516574435181434547   second account

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13643712185318669838   random account

How long was the password and what kind of chars did it contain?

10 alpha numeric.

I think if it was hijacked then it would have been moved but it is just sitting there.

[Come-from-Beyond]

10 alpha numeric.

I think if it was hijacked then it would have been moved but it is just sitting there.

The hacker likes to play. I know he emptied one of the account by doing 3 payments instead of 1.

[Come-from-Beyond]

This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838.

Complete NIGHTMARE... will have my fingers crossed the devs are able to help you.   

They rn't able. This is the world of cryptoanarchy.

[abuelau]

10 alpha numeric.

I think if it was hijacked then it would have been moved but it is just sitting there.

The hacker likes to play. I know he emptied one of the account by doing 3 payments instead of 1.

Any ideas what the vector could be??

[Framewood]

This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838.

Complete NIGHTMARE... will have my fingers crossed the devs are able to help you.   

They rn't able. This is the world of cryptoanarchy.

The problem is that if we want this coin to be main stream, mums and dads and even grandma are going to have to use the system and they will make mistakes.

[abuelau]

This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838.

Complete NIGHTMARE... will have my fingers crossed the devs are able to help you.   

They rn't able. This is the world of cryptoanarchy.

The problem is that if we want this coin to be main stream, mums and dads and even grandma are going to have to use the system and they will make mistakes.

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

[Come-from-Beyond]

Any ideas what the vector could be??

No.

[wakasaki808]

This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838.

Complete NIGHTMARE... will have my fingers crossed the devs are able to help you.  

They rn't able. This is the world of cryptoanarchy.

The problem is that if we want this coin to be main stream, mums and dads and even grandma are going to have to use the system and they will make mistakes.

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

Yeah this was one of the things that I read in some business articles about "Problems with BitCoin" or something like that. Where they compared how BitCoin problem is that they lack this, while things like Credit Cards, Banks, etc. all have the ability to reverse something if something went wrong or didn't want the product anymore. Such as to prevent scammers and such.

[Come-from-Beyond]

The problem is that if we want this coin to be main stream, mums and dads and even grandma are going to have to use the system and they will make mistakes.

That's true. I hope client developers will develop a secure system. I'll implement everything that is required for that in the core.

[Come-from-Beyond]

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

Reversible? Sounds weird.

[landomata]

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

Reversible? Sounds weird.

In case of mistake mastercoin uses a timer...like u have 5 minutes to recall the transaction

[laowai80]

Does Distributed Asset Exchange have an escrow option of some sort? How does it work anyway? If someone sends some asset and requires payment for it, but the other party doesn't provide the payment. Or vice versa. Is that accounted for in the code to make sure both parties can't cheat each other? For centralized exchanges, the exchange itself is the escrow, what about the distributed exchange?

[Ola]

Nxt might have competition for features soon: Open Transactions desktop software platform for bitcoin and other currencies..they have been hard at work for months / years but I believe the new videos is a re-assertion of their place in the marketplace in light of the recent popularity of nxt…If they launch before our other advanced features, we will still have the speed and green forging advantage..not to mention it will actually take time for other crypto's devs to coordinate and start integrating.. thought this was worth sharing.
http://www.reddit.com/r/Bitcoin/comments/1tqepn/new_opentransactions_videos_of_new_desktop_app/

https://docs.google.com/file/d/0B1elJotjR_t6UlJjbG5wSmFJT1E/edit?pli=1-----payments and invoicing
https://docs.google.com/file/d/0B1elJotjR_t6OS1pV3duMEpWSGs/edit?pli=1----app store, dec market (barzaa), dec exchange, virtual corporations( stocks and dividends), asset exchange, escrow,  scripted agreements, smart contracts, voting pools, chairman cash: tokens and voting

THIS DEVELOPMENT SHOULD NOT BE UNDERESTIMATED.

OLA can you please track this closely.

Tracked!! 

[klee]

I vote for Mixing too, not having to rely on external mixing services for anonymity. After the Asset Exchange, that would be a killer feature that no other currency has at the moment.

Concept is not ready, hard to find good cryptographers these days...

Matthew Green and his team (Zerocoin) are very helpful with coin developers reaching them for help - I bet they will have bigger interest to see how their concept can be implemented in a PoS coin.

I will try to reach them, any developer here interested should contact me - I plan to make a bounty about this (maybe paying Zerocoin team too for helping).

Another team should investigate CoinJoin + NxT..

[abuelau]

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

How are they planning to secure Merchants?

I don't remember the details, but essentially a transaction can be marked as reversible or not.

If it is marked, then there's a timespan for it reversible (maximum of 365 days).

[Framewood]

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

Reversible? Sounds weird.

If you want it to become main stream it is a must.

[Jean-Luc]

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

Isn't that what Two-Phase Payments is about? Like an escrow, the payment is released to the seller only after the buyer confirms receipt of the purchase with a second transaction.

[wakasaki808]

Since we are deciding about features... what about reversible transactions? Mastercoin is planning to have this..

Isn't that what Two-Phase Payments is about? Like an escrow, the payment is released to the seller only after the buyer confirms receipt of the purchase with a second transaction.

But I guess this is an example of if you send to the wrong account that may not have a "buyer". Like what just happened to someone. The ability to cancel the transaction so your funds don't get lost in a random account.

Kinda like what Paypal does in a way. But hopefully find a way to improve it. 

[marcus03]

This morning when I looked it was not their, the address I sent to was wrong and now it is sitting in some random account I cannot get to 13643712185318669838.

Complete NIGHTMARE... will have my fingers crossed the devs are able to help you.   

They rn't able. This is the world of cryptoanarchy.

The problem is that if we want this coin to be main stream, mums and dads and even grandma are going to have to use the system and they will make mistakes.

True. It happened before: The account 100000 has 100.000 NXT in it and I doubt anyone has the password for that...

[Come-from-Beyond]

Does Distributed Asset Exchange have an escrow option of some sort? How does it work anyway? If someone sends some asset and requires payment for it, but the other party doesn't provide the payment. Or vice versa. Is that accounted for in the code to make sure both parties can't cheat each other? For centralized exchanges, the exchange itself is the escrow, what about the distributed exchange?

It's an atomic transaction. U pay for a share and get it. Both or nothing.