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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761519 times)
Come-from-Beyond
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December 27, 2013, 07:00:34 PM
 #9461


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.

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Ola
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December 27, 2013, 07:01:20 PM
 #9462


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.

Your comment makes the most sense and hits the nail on the head..two phase payment is way better than any arbitrary reversible transaction..it safer too...making a transaction arbitrarily reversible opens up nxt to the floodgate of fraud and we will see so much fraud develop, the likes of which paypal can't even imagine

Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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December 27, 2013, 07:01:33 PM
 #9463

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.
I would keep such a feature out of the core. A user-friendly client may implement something like that entirely in the client - after clicking on send, the transaction goes into a list of "ready to send" transactions, and the user has to click on a second "confirm" button after double checking everything again. And the client may show a warning if the receiving account is not in personal address book, etc.

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Nxt blockchain platform | Ardor blockchain platform | Ignis ICO
EpicThomas
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December 27, 2013, 07:03:19 PM
 #9464

that could be a good idea to prevent people losing nxt.
like the sender can put in a timelimit for the buyer to accept and if he doens't the transaction is not executed.
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December 27, 2013, 07:03:23 PM
 #9465

In continuation of the announcement that we r looking for more Nxt core devs, there are features we r planning to implement till block 525960 (in alphabetical order):
- Alias System (done) - similar to DNS
- Arbitrary Messages (partially) - any soft can send messages in custom format
- Asset Exchange (done) - currency/stock exchange
- Distributed Computing (concept not ready) - similar to BOINC
- Distributed Storage - similar to Torrent
- Instant Transactions (requires peer review) - transactions with guaranteed confirmation
- Mixing Service (concept not ready) - laundering service
- Multisignatures - multisignatures Smiley
- Service Providers - off-chain services
- Shrinking - shrinking of bloated blockchain
- Smart Contracts (concept not ready) - http://en.wikipedia.org/wiki/Smart_contract
- Transparent Mining (partially) - can't describe in few words
- Two-phase Payments - payments with extra confirmation
- Voting System - good old democracy
I'd like to get ur opinions what features should be implemented in the 1st place.

It is chaos to vote like this, you should make a new thread.

I am for finishing the partially done features. People criticize NXT because there is too much features planned and not much working.

Anyway NXT is such a bad-ass-killer-coin.
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December 27, 2013, 07:03:47 PM
 #9466


There are active peers and known peers. If your client runs long enough, you will see EVERYONE forging as an known peer.


So does this mean that some who are listed in the known peer list on a particular desktop client are actually active peers, and the given desktop client hasn't figured that out yet?  Just how long does it take for a desktop client to sync up and see all of these new VPSs out there on the cloud?

no, that means, that node chose to only take these nodes as active peers. The number of active peers is limited and the peers are chosen randomly if i am not mistaken.

So you will be an active peer somewhere Wink

Ok, so the is client decentralized and distributed.  Got that.  But...is there anywhere to go and get a master list of everybody that is currently forging at that moment?  
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December 27, 2013, 07:03:57 PM
 #9467

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.
I would keep such a feature out of the core. A user-friendly client may implement something like that entirely in the client - after clicking on send, the transaction goes into a list of "ready to send" transactions, and the user has to click on a second "confirm" button after double checking everything again. And the client may show a warning if the receiving account is not in personal address book, etc.


That sounds good too. We just need some way to help people from getting their funds lost. Since we are all human there are some that will make mistakes.  
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December 27, 2013, 07:06:42 PM
 #9468

that could be a good idea to prevent people losing nxt.
like the sender can put in a timelimit for the buyer to accept and if he doens't the transaction is not executed.

Kinda like in any online game that requires a group. You have to get verification for groups and such, Someone sends an invite -> other person accepts the invite. If the other person doesn't accept then the invite is cancelled.

Would definitely help with accounts of no owners. Add that to the two step verification. Click to "Send" -> (Gives you a review your order page) Click "Confirm to Send". So at least they can get verification of who/how much being sent to whom.
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December 27, 2013, 07:07:47 PM
 #9469

I am for finishing the partially done features. People criticize NXT because their is too much features planned and not much working.

Arbitrary Messages will be delivered very soon. Migration to Transparent Mining requires months till we get full potential.
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December 27, 2013, 07:08:41 PM
 #9470

that could be a good idea to prevent people losing nxt.
like the sender can put in a timelimit for the buyer to accept and if he doens't the transaction is not executed.
+1

Or the sender puts a timelimit for how long it could be reversible and only after that time limit the receiver can be sure the amount is definitely in his account...

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December 27, 2013, 07:11:17 PM
 #9471

Never ever use online password generators!

please enlighten us
Maybe you could use this kind of password generators, but generate 3-5 passwords and mix them together in a random way and/or change some characters... that would be more secure. You never know if the website host does not save all generated passwords in a database for some kind of bruteforce attack later.

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December 27, 2013, 07:13:05 PM
 #9472

Never ever use online password generators!

please enlighten us
Maybe you could use this kind of password generators, but generate 3-5 passwords and mix them together in a random way and/or change some characters... that would be more secure. You never know if the website host does not save all generated passwords in a database for some kind of bruteforce attack later.

Maybe it is only buggy alpha version client?
Come-from-Beyond
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December 27, 2013, 07:13:24 PM
 #9473


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 still don't understand how/when the hacker was able to input a different receiving account.   Huh

This is trivial if u know the passphrase.
superresistant
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December 27, 2013, 07:13:30 PM
 #9474

Never ever use online password generators!
please enlighten us
Maybe you could use this kind of password generators, but generate 3-5 passwords and mix them together in a random way and/or change some characters... that would be more secure. You never know if the website host does not save all generated passwords in a database for some kind of bruteforce dictionary attack later.
FIFY

Bruteforce is trying all possible combinations.
Dictionary attack is using a database of common passwords.
abuelau
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December 27, 2013, 07:15:58 PM
 #9475

that could be a good idea to prevent people losing nxt.
like the sender can put in a timelimit for the buyer to accept and if he doens't the transaction is not executed.
+1

Or the sender puts a timelimit for how long it could be reversible and only after that time limit the receiver can be sure the amount is definitely in his account...

But how does this help with the problem when the address copied to the clipboard gets changed by a hacker and you end up sending to the wrong place?

Users should be able to setup a whole wallet to be "reversible" by default. Or always use escrow as default...

Know what's happening in cryptoworld: www.coinschedule.com
Come-from-Beyond
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December 27, 2013, 07:18:19 PM
 #9476

I thought the owner said he sent a transaction, but the NXT went to a different account.

...sorry if this is smacking me in the face and I still don't see it...

If u send a transaction it doesn't mean that it will be confirmed. Instead of 100 NXT fee and account A we get 1 NXT fee and account B. So it's obviously other transaction, not just a typo in recipient account.
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December 27, 2013, 07:18:34 PM
 #9477

All,  in addition to the www.nxtcrypto.org main site we are working on that is up and has content and is being polished, we are also maintaining http://info.nxtcrypto.org for critical news and updates, and as a mirror for client download.

Quote
NXT News website is here to give you the latest news updates of NXT Foundation on the goings-on in the NXT community. Our goal is to keep you updated 24/7 in real-tme mode on issues such as: latest client available for download, DDOS attacks notifications, critical news from developers, important NXT public services, and so on.

Id like to provide the devs the ability to upload new client releases directly to the sites, please IM me.

In addition, the latest client will be available from any active .nxtcrypto.org/client.zip URLs (www, wiki, info).  All these sites are run on different systems by different people, all paying for the hosting and DDOS protection themselves.  Im not running any sites themselves, my part in the foundation is to admin the DNS domain and provide coordination between the sites.  So there is decentralization of control with different people running all sites.
BloodyRookie
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December 27, 2013, 07:18:42 PM
 #9478

I vote for:

1) Asset Exchange
2) Two-phase Payments
3) Mixing Service

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
notsoshifty
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December 27, 2013, 07:18:46 PM
 #9479

In continuation of the announcement that we r looking for more Nxt core devs, there are features we r planning to implement till block 525960 (in alphabetical order):

...

I'd like to get ur opinions what features should be implemented in the 1st place.

Is transfer of an alias to another account (as part of or separate from the asset exchange) on the cards?

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December 27, 2013, 07:19:41 PM
 #9480

do not implement reversible transactions please. If your scared you messed it up, just ask for a prompt to check it or something...
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