NXT :: descendant of Bitcoin - Updated Information

[yuriygeorge]

AN OPEN MESSAGE TO EPIC THOMAS:

So where we're at:

13643712185318669838  contains 100088 NXT taken from Framewood's   697109629372813510  
15182566201738727933  contains 18665 NXT taken from plasticAiredale's    8439060069775407509      
16204974692852323982  contains 7808  NXT taken from PaulyC's  16821029889165561706    
9793828175536096502   contains 18197 NXT taken from newcn's   16886318053889080545    
12152013998194592943  contains  147690 NXT  taken from sparta_cuss's  11794318797680953099    

Note that

16204974692852323982  also contains 1155  NXT moved from four other accounts over a four minute period centered around 29.12.2013 08:20:00 , original owner(s) unknown

I can check whether or not stolen NXT has been returned using the block explorer:

http://87.230.14.1/nxt/nxt.cgi?action=34

EpicThomas, or whoever holds the keys to these bandit accounts, I urge you to reverse these transactions and return ***ALL*** NXT to its rightful owners, INCLUDING LOSSES UNDISCOVERED SO FAR.

You cannot convert this to BTC or cash because these accounts are being monitored at Dgex.  

I promise to drop my efforts to determine your real world identities if you return the NXT.  

I also promise to turn over to your local police department every scrap of identity information I turn up if you do not return the NXT you have taken.

The clock is ticking.  The choice is yours.

You should check out how this scammer got busted. Now he's sitting in Jail on million dollar bail, FBI pursued this mofo. True story, I almost got scammed by him. May want to talk with the cyberdude who busted him (he's got skills), tracked him down to his address, license plate, parents home, phone numbers. Got his ass sooo bad:

https://bitcointalk.org/index.php?topic=277744.0
https://bitcointalk.org/index.php?topic=279648.0

You should Cross post on Scam accusations if you haven't already

[xibeijan]

If coins are stolen....we can freeze them until a full investigation is completed.

Who will play judge Dredd?

VS

So guys with deep pockets will win...

I'm still thinking Global Voting shouldn't exist. Only local votings for assests in Asset Exhange. And there's no owner of NXT Asset. Decentralization, free will of devs and accpetance/rejectiveness of suggested new features of existance/future users (forum's opinoins and installation of new software — actions as voting of future). Market.

I also agree that there should be no owner of a NXT asset and that multiple users should be allowed to issue the same NXT asset (e.g. BTC).  This forces competition among asset issuers, so that the NXT exchange can be the best it can be.  With a single issuer of an asset (e.g. USD, BTC), then the fees/overheads might be too high, making the NXT exchange unattractive.

Also, having multiple issuers for an asset means that there is no central point of failure.  If one asset issuer dies or is a fraudster, people will use one of the others.  Thus, multiple issuers of an asset is required for the free market to work and probably required for NXT's success.

So, the question for the devs is, will NXT allow multiple users to issue the same asset?  The follow on question is, of course, will the block chain implement some kind of feedback system so that asset issuers can be rated according to their honesty?

[fmiboy]

Quick question...

any idea why I have this message, suddenly my firefox freeze and nrs client/account (-) minus last 2 income transactions (balance also got down)



thanks

[Come-from-Beyond]

So, the question for the devs is, will NXT allow multiple users to issue the same asset?

No

The follow on question is, of course, will the block chain implement some kind of feedback system so that asset issuers can be rated according to their honesty?

Yes

[fmiboy]

I close the command window and run *.bat again, refresh NRS client tab, got this error...

[xibeijan]

So, the question for the devs is, will NXT allow multiple users to issue the same asset?

No

Why not?  Is it planned at any point?

N.B. There is a distinction to be made between assets (USD, Gold, BTC, etc) and stocks (MSFT, GOOGLE, etc).  For stocks, there should always be only one issuer.  However, for digital assets, you really do want to support multiple issuers because this gives you high availability, decentralisation, free market competition, etc.

Seriously, how do you think the one party who is allowed to be the BTC/NXT gateway will price his/her services?  With no competition the NXT exchange, as a whole, could very likely suffer from monopolies on assets like BTC, USD and gold.

That's my prophecy.

[jl777]

How can client side enforce one time setting of sendmoney public key?

API v2 won't have sendMoney. Client soft will prepare transaction and sign it locally. Then the transaction will be broadcasted. This is 100% secure if client provides 100% security.

Just landed in paraguay.

Api v2!

Ok so in api v1 it is impossible to add second layer of security, but in api v2 it is possible to add second layer.

Was this the original plan? I guess it doesn't matter, the important thing is we now have a roadmap to 256bit ^ 2 security. Clearly with api v1 biggest threat is from weak user passwords, tainted downloads, key loggers and user errors.

The thing that really bothered me about v1 security was that there was nothing i could do to prevent the offline cracking of password, remote as the chance is, i want to be able to reduce almost zero chance to almost zero chance twice, especially if i will have most of my net worth in the nxt acct!

The fact that there is no parallel attack for the second password means that fragmented wallet will eliminate temptation of hacker who stumbles onto nxt password.

With v2 i will be able to bring in super large investors. Thank you for supporting my "unreasonable" request

James

[BloodyRookie]

@CfB: You said you will open a thread for reporting bugs in the software. That thread will be on nextcoin.org, right? What will the requirements be for reporting a bug? Just state the file name and the line number or do we have to suggest a solution?

The thread will be on BTT. U r supposed to point to the code with a flaw and explain it.

Hmmm....which makes it difficult to decide whether the explanation is good enough to get the coins. Maybe other users will have better explanations. What then? Distribute among them?

[jl777]

Jean-luc

Now that we know api v2 will support client side signing, this is fantastic news!

I want to start getting large scale (millions of nxt) value investors for nxt

I want to be able to truthfully say that nxt is the most secure crypto, bar none, even for non-technical users. I realize that a lot of this will have to be put into nexern's client, but i figure the more built in support he has to build on, the quicker we can all get this added security.

As we have all learned max entropy private keys are a must, both for nxt account password and transaction signing password.

If there is a way to support fragmented accounts without requiring cumbersome juggling of long passwords that would be fantastic. I realize that if a computer is compromised, so are all the passwords, but the truly paranoid can make paper copies of the private keys. People who can rely on their machine to be un compromised can keep all the passwords for the fragmented accts in yet another encrypted file (google authenticator?). I guess that would be a wallet.dat

So complicated, so difficult, but for nxt to become a significant chunk of the global economy, so necessary.

I apologize for being such a pain, but people with millions of dollars to invest will want the best. I imagine that the founders will appreciate all this added security also. I hope everybody understands how important security is, perceived and actual. With the new level of security we will have a path to nxt > .01 btc

James

[fmiboy]

I close the command window and run *.bat again, refresh NRS client tab, got this error...

I believe it is something to do with "blocks.nxt" file?!

[plasticAiredale]

17094328850816579008 has 100nxt ends on 1.
9419809254501029371 has 100nxt ends on 2.
17377278473045672939 has 100nxt ends on 3.
4963410668293167247 has 100nxt ends on 4.
2289697742292350176 has 100nxt ends on 5.

These are accounts I had access to.
The only reason I can remember these accounts was because the pass made sense.
Other passes were deleted when I deleted the vps.

I assume these were used to host public nodes.
I advise the owner to change these addresses to something more safe.

If I would steal 92nxt why wouldn't I steal 500?
I hope someone can verify that these are his addresses.

Who knows. Why would you poison a developer link with a hacked client that sends you the passwords? Don't give me the "trying to show the community how easy it is / teach us a lesson" garbage, you could have just as easily displayed a popup the said "Be careful this isn't the real client" to get this point across, instead you stole the passwords, and then stole the funds. Its not too late to have the "real" hacker contact you through your email and have you convince him to send the NXT back.

[newsilike]

I think its about time to reduce the transactions fees to 0.1 or 0.01 NXT.

[fmiboy]

I close the command window and run *.bat again, refresh NRS client tab, got this error...

I believe it is something to do with "blocks.nxt" file?!

well, no respond from experienced nxters, yet...

so blocks.nxt was about 5 mb, but blocks.nxt.bak is about 11.3 mb so I did copy bak file and replace blocks.nxt. Now I get,
"Loading blocks ..."
...Done
and client started to work again. But no idea what caused the crash, maybe there is small bug

[xibeijan]

Seriously, how do you think the one party who is allowed to be the BTC/NXT gateway will price his/her services?  With no competition the NXT exchange, as a whole, could very likely suffer from monopolies on assets like BTC, USD and gold.

One party will pay 1000 NXT to issue an Asset within the NXT Asset Exchange, which will be a BTC/NXT gateway.

Another party can also pay 1000 NXT to issue a DIFFERENT Asset within the NXT Asset Exchange, which can also be a BTC/NXT gateway.


Either you and the others raising these concerns have a misconception of what an Asset is OR I need to do a lot of homework!  

Fair enough. Thanks.

[xibeijan]

I think its about time to reduce the transactions fees to 0.1 or 0.01 NXT.

Look at the average BTC tx cost over the past couple months.  NXT would have to be at $0.35 to justify that.

[2Kool4Skewl]

To be honest if I had found an account containing a 50 million next I would have probably taken it and diseappeared but that was not the case. I am human after all.

Do not compare yourself to us.  You are not our equal.

You are not "human".  You are subhuman.  You are an animal.

You have no pride and you have no legacy.

[Luceat]

Quick question:

What do I have to insert here for *youruser* and *yourgroup* ?

wget http://109.230.224.65/~nxt/nxt_rasppi.tar.gz
tar -xpf nxt_rasppi.tar.gz
chown -R *youruser*:*yourgroup* nxt/
cd nxt
ln -fs webapps/root/WEB-INF/web.xml configfile
./run_nxt.sh

[Come-from-Beyond]

So, the question for the devs is, will NXT allow multiple users to issue the same asset?

No

Why not?  Is it planned at any point?

N.B. There is a distinction to be made between assets (USD, Gold, BTC, etc) and stocks (MSFT, GOOGLE, etc).  For stocks, there should always be only one issuer.  However, for digital assets, you really do want to support multiple issuers because this gives you high availability, decentralisation, free market competition, etc.

Seriously, how do you think the one party who is allowed to be the BTC/NXT gateway will price his/her services?  With no competition the NXT exchange, as a whole, could very likely suffer from monopolies on assets like BTC, USD and gold.

That's my prophecy.

A lot of people can issue BTC asset. But only one will be allowed to name it "BTC".

[Come-from-Beyond]

Hmmm....which makes it difficult to decide whether the explanation is good enough to get the coins. Maybe other users will have better explanations. What then? Distribute among them?

BCNext will decide.

[utopianfuture]

Seriously, how do you think the one party who is allowed to be the BTC/NXT gateway will price his/her services?  With no competition the NXT exchange, as a whole, could very likely suffer from monopolies on assets like BTC, USD and gold.

One party will pay 1000 NXT to issue an Asset within the NXT Asset Exchange, which will be a BTC/NXT gateway.

Another party can also pay 1000 NXT to issue a DIFFERENT Asset within the NXT Asset Exchange, which can also be a BTC/NXT gateway.


Either you and the others raising these concerns have a misconception of what an Asset is OR I need to do a lot of homework!  

Fair enough. Thanks.

smaragda is correct. Anyone can be BTC/NXT gateway if he wants. Actually I would rather have mBTC/NXT gateway. Just one more thing, it would be extremely difficult to get a market going. Ripple has been here for years with huge backing and it is going no where. Regardless how many BTC/NXT gateways are there in NXT asset, I for one would be extremely difficult to be persuaded to buy one BTC from you. If want BTC I would rather go for the real thing at coinbase or BTC-China or bitstamp.