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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756410 times)
marcus03
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January 09, 2014, 02:50:49 PM
 #16201

With a single leader we have a centralized system. I would imagine, given BCNext's views on centralization he/she/they are slowly contributing less and less as others do more and more.

Exactly. He mentioned that at some moment in the future he would disappear completely. U'll get the secret phrase that opens the genesis account, everyone will be able to play a role of "BCNext".

I hope there are NO outgoing transactions for accounts with negative NXT!!!   Cheesy

Can you send anti-NXT from the genesis account to normal accounts?  Shocked

what would such a collision of NXT and anti-NXT produce?

Try it the other way around: Send NXT to the anti-NXT account and see what happens... ;-)

Actually has been done 15 times and still no black hole has opened...
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Come-from-Beyond
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January 09, 2014, 02:54:28 PM
 #16202

Actually has been done 15 times and still no black hole has opened...

Btw, Nxt has some kind of the event horizon. It's determined by the rate of new transactions. At some rate a person who is trying to catch recent blocks will be downloading them at the same speed as new blocks r being forged.
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January 09, 2014, 03:03:30 PM
 #16203


Each post should has its own link url in this forum and we can exactly locate the post. For example, you post should be link https://bitcointalk.org/index.php?topic=345619.msg4401865#msg4401865

Edit: I also summarize a post for Nxt Client Update Link and see my signature.

not working for me, in my firefox browser.  All those links including the one i just quoted from you, just go to the top of the page the post is on.  so its prob just me then.  I used to work for me though, no idea why it doesnt now.

Here my chorme works fine. Maybe it's the browser's problem.


yes I also noticed that at the same time my problem started to occur, that when clicking on PMs here in BCt.org that it no longer goes directly to the PM
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January 09, 2014, 03:03:52 PM
 #16204

If I ever invent the Time Machine... you BEST believe there will be 73!!!   Grin

The very 1st transaction was sent from an account with 0 NXT. The rest 72 went when it was negative. Smiley
And all transactions has 0 fee!
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January 09, 2014, 03:05:23 PM
 #16205

Actually has been done 15 times and still no black hole has opened...

Btw, Nxt has some kind of the event horizon. It's determined by the rate of new transactions. At some rate a person who is trying to catch recent blocks will be downloading them at the same speed as new blocks r being forged.

Ok... I am officially a NXTaholic... and about to ask Come-from-Beyond if he has a sister!   Cheesy

I mean... who wouldn't want this guy for his brother-in-law?!?!?   Wink

Her sister is probably 40 year old but she might suit you fine  Grin


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smartwart
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January 09, 2014, 03:06:14 PM
Last edit: January 09, 2014, 03:18:09 PM by smartwart
 #16206

    Brainstorming

    I'd like to introduce a concept of a new feature called Account Control. This feature will allow to do different things with ur accounts. For example, u will be able to set a lock on an account to prohibit any outgoing transactions until a special condition met (e.g. an incoming transaction from a predefined account). Another example is Pooled Forging, when an account leases its forging power to another account.

    Please, post here what u would like to see in Account Control.


    I took the liberty and compile the current state of the discussion.
    This should make it easier to continue discussing separate aspects more in detail.

    If I you all feel I lost some global point, please try to explain it with regard to concept integration.
    I will separate the topics "Account Control" and "Forging Pools" to simplify keeping the overview.



    Account Controll

    Features:
    + set a lock on an account to prohibit any outgoing transactions
    + definition of rules for unlocking the account

    Short description of the Account Controll Concept:

    Account Control feature will allow to set a lock on an account,
    to prohibit any outgoing transactions until a special condition or event met.


    featured posts:


    + I want a way to protect/secure/limit the withdrawal of my coins.[/li][/list]

    + Block outgoing transactions by pushing some public key, associated with account, to blockchain, and unlock with corresponding  
    private key. (allows forging and doesn't requires to create another account)
    From user's point of view it will be just password, blocking you account from spending money.

    + The locked account can be a saving account.
    Or it could be used as an escrow monitored account as the escrow account is the predefined account.

    + It must be able forge or this feature have no meaning.
    Option to allow outgoing transaction only if the account receives a transfer in from another account specified,
    so that I can have a small account with 2-3nxt that can unlock my investment account (trigger account?)

    + Assign an automatic payment on any date. For example, if I have to constantly make payment for some days. (automatize periodical paymants?)

    + API request to start forging automatically after just another nxt-client failure.
    Request should accept key that differs from secret pass-phrase.
    Key shouldn't be kept in secret

    + Set outgoing transactions are enabled only in specific hours, or in some interval of time
    ( for example only between 11:30 p.m. and 11:50 p.m., or only on  1st January?)

    + It start to looks like "account setup transaction". I like the idea:
          1. Block all coins from spending.
          2. Block some coins from spending.
          3. Set blocking time.
          4. Allow to send coins only to specified account.
          5. Combine that settings, so in different time there can be different number of coins blocked.

    + I'd like to see spending limits.
    For example so that I could only spend a maximum of 100 NXT/day from an account.
    Trying to steal this account would be less profitable.

    + Nxt transfer, Alias selling and buying prohibition until a special condition met.
    But hackers could probably register, when the special condition happens.


    Questions:

    Can a locked account forge ?        - Yes

    NxT: 13574045486980287597
    opticalcarrier
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    January 09, 2014, 03:06:53 PM
    Last edit: January 09, 2014, 03:27:58 PM by opticalcarrier
     #16207

    ec2-user didnt work either.  neither did admin

    admin worked thanks all
    NxtChoice
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    January 09, 2014, 03:07:19 PM
     #16208


    I am not sure if this will help others... but I have become accustomed to use the .bak files EVERY single time I am forced into a client restart and I believe this has reduced the rate in which I get problems in general.


    That's right.

    Do copy the old .bak files to the new client directory and rename to .nxt files. Don't copy the old .nxt files to reuse.

    It's my experience.

    Come-from-Beyond
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    January 09, 2014, 03:07:29 PM
     #16209

    Ok... I am officially a NXTaholic... and about to ask Come-from-Beyond if he has a sister!   Cheesy

    This is her photo - CLICK.
    Come-from-Beyond
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    January 09, 2014, 03:09:17 PM
     #16210

    And all transactions has 0 fee!

    This is called "блaт" Smiley
    opticalcarrier
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    January 09, 2014, 03:09:24 PM
     #16211

    If there are some accounts with substancial amounts of NXT which are nobody's property and have weaker passwords than maybe we could create special thread to organise group cracking.

    I'm sure a lot of people would like to use script/program to make such group brute force treasure hunting Smiley
    It could be constructed in similar way as altcoins pool mining with system of distribution f.e. lucky one would get half of found NXTs and the rest of could get proportional part of other half. Also it could be a simple solo treasure hunting.

    This would be great for increasing NXT community and would be simply fun. In future because of growing amounts of NXT's lost in void it would become even more successful. What do you think about it?

    I would love to have a group like this exist. It would really show how difficult (or easy Smiley) it is to crack a NXT account.

    I would gladly raise a funding for a project like this even just for research purpose.

    I would consider that to be morally wrong, at least trying to crack private keys for weak passphrases.  However, the hiberNXT on the other hard where there are no published public keys are another story.
    NxtChoice
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    January 09, 2014, 03:11:19 PM
     #16212

    If I ever invent the Time Machine... you BEST believe there will be 73!!!   Grin

    The very 1st transaction was sent from an account with 0 NXT. The rest 72 went when it was negative. Smiley
    And all transactions has 0 fee!

    And all transactions were instantly confirmed by the god!
    Come-from-Beyond
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    January 09, 2014, 03:12:33 PM
     #16213

    However, the hiberNXT on the other hard where there are no published public keys are another story.

    Also this is a by-design feature.
    marcus03
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    January 09, 2014, 03:13:26 PM
     #16214

    this is very usefull.

    http://wiki.nxtcrypto.org/wiki/Nxt_API

    who compiled this? can't find a donation account to support this work.

    Can we (core developers, client and tools developers) agree to use this as our main API documentation resource and keep it up to date together?
    smartwart
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    January 09, 2014, 03:14:53 PM
     #16215

    Brainstorming

    I'd like to introduce a concept of a new feature called Account Control. This feature will allow to do different things with ur accounts. For example, u will be able to set a lock on an account to prohibit any outgoing transactions until a special condition met (e.g. an incoming transaction from a predefined account). Another example is Pooled Forging, when an account leases its forging power to another account.

    Please, post here what u would like to see in  Pooled Forging.


    I took the liberty and compile the current state of the discussion.
    This should make it easier to continue discussing separate aspects more in detail.

    If I you all feel I lost some global point, please try to explain it with regard to concept integration.
    I will separate the topics "Account Control" and "Forging Pools" to simplify keeping the overview.



    Pooled Forging

    Features:

    + account leases its forging power to another account

    Short description of the Forging Pool Concept:

    A particular unlocked account is able to link to a Node to provide his forging power.
    If the Node has fored a Block, the forged NxT become splitted based on defined contract parameters, to all Forging Clients. This increase the individual forging reward of smaller accounts.
    User are running hallmarked VPS Nodes could focus the forging power of all separate accounts.


    Topic headlines for further discussions:


    Configurable number of allowed Forging Clients to the Node.

    + parameter in web.xml to configure the number of allowed Forging Clients

    + When user link their account to the node, check against how many users are already forging on that node,
    allow to unlock if the number is less than AllowedForgingUsers in web.xml
    - and if it's equal to that parameter, display 'Node forging capacity is full' or something like that.

    + Limit number of allowed Forging Clients to prevent less number of big Monopools.    
    Result of one big Monopool would be the same as all Clients are forging by her self.
    Possible drawback would be Network architecture.


    Forging Clients Contract Parameters
       
    + NxT amount, uptime, connected peers, technical characteristics, penalty.          
    More help to the network - more abilities?

    + Transparent Forging will lead the user to jump directly to the nxt node which will forge nxt block.
    This also leads to "self-fulfilling prophecy".

    + If we know the Node hwo will forge next Block we could link our account of    this Node for participation.
    This assumes the rewards from participation are higher than possible contractual penalties for leaving a Node immediately,          after the Block was forged.
       
    + Distribution of forging reward by global contract parameters (protocol level) or individual contracts for each forging pool or hybrib approach?

    + Forging Clients paying Pool Commission to Forging Node?
       
    + Create a competitive marketplace for forging power.
    Auctioning of my forging lease to the highest bidder; one-off, or similar to Amazon's "spot price"
    where if someone bids higher whilst my forging power is leased to one party the lease automatically gets transferred to the new highest bidder


    Link one Account to multiple Nodes

    + Different Pools, different pool profitability.
    So split your account and into separate Forging Clients and link them to different Forging Pools.

    NxT: 13574045486980287597
    nxtgt
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    January 09, 2014, 03:19:15 PM
     #16216

    I'm finally out of dgex.com (still had BTC in the account, bought NXT and got them out after "just" two days) and I am out of buying and selling NXT as long as there is no alternative exchange. (Please no Peercover/Ripple/Private Escrow follow-ups... Thank you.)


    Allow me some final words regarding dgex.com.

    1.) GCInc, thanks a lot for your service over the last weeks. I think the dgex exchange was very important for NXT and you did a good and brave job with setting it up and running it.

    2.) GCInc, you are a thief. You've just stolen around US$20 from me and the service you provided for me over the last weeks is worth more than US$20, but still you are thief. It feels like a friend asked you to borrow some money from you and when he pays back, he tells you that he changed his mind and only pays you back 99% of what you borrowed him. You totally lost credibility with your move to change the fees without previous notice, thus I am out of dgex until its under new management.

    3.) I came for the quick profit - I stay because of the very cool community. With this NXT community there were other ways to "cover your ass". While you still had a reputation for what you've done for NXT you had a good chance to explain why you lost 800.000 with your exchange and ask for help from the community. After following here over the last weeks, I am convinced you would have gotten help from us.

    4.) "Third in command"? This is a PR disaster... Unfortuntely, your way of managing dgex and answering only questions that you think you have good answers for makes me fear that this is in fact how you see yourself. I don't want to make business with you having the feeling that you are the boss and not that were a business partners.

    5.)
    Will you commit to announcing ahead of time any fee INCREASES?
    This fee increase was a mistake, yet seemed like the only option. I had to cover my ass in case the source release had exploded the price 3x...4x... god knows how much, every percent tightening the deficit rope around my neck more and more.


    Well, nobody else jumped onto this, but this was the point when all (remaining) alarm bells began to rang. What you basically said was that we have an exchange that is run in a way to have a NXT market value that the exchange owner is comfortable with. WTF??? So, because you still have 800.000 NXT missing you have an interest in low market values and you actually run the exchange in your interest. This is just beyond me... And it is totally beyond me that anyone still uses dgex after your sentence above.






    What scares me the most of this situation is that there is 75 million of peoples Nxt sitting in this dgex reserve account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12292439833850569026

    Do I understand properly that this is a secondary account for dgex deposits made to the main account? Frightening to think that this type of person has control over 7.5% of the coin cap.

    To be fair, it should comfort you to know that the exchange is well capitalised and, thus, won't default on your deposits.

    its not as bad as it seems at first. the whole security model of nxt relies on the currency being not overly centralized. if dgex were to run off with 7.5% of all of the coins they would actually destroy the value of those coins in the process. meaning there is not a lot of incentive for them to do it.

    Take this piece of text from the dgex user agreement into consideration before making such conclusions.

    "Once a deposit is made, the funds transferred become the property of DGEX.com and
        the client can hold no claim for the funds displayed on their DGEX.com account..."


       "Refund Policy: While DGEX.com is aiming for bona fide operationability, there are no refunds.
       All deposits are considered final purchases of digital tokens within the DGEX.com database only."
    utopianfuture
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    January 09, 2014, 03:24:26 PM
     #16217

    Bug report:

    I have a bug when sending out money, twice in a row. The transactions still went though but the server stopped working and the send money command never moved to "money is sent" stage.


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    January 09, 2014, 03:26:55 PM
     #16218


    BCNext = Beyonce comes Next = Come from Beyonce ??

    solved...

    U could ask rickyjames to find BCNext and ask who he is... Smiley

    Some things in life are better left with an air of mystery about them.
    EmoneyRu
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    January 09, 2014, 03:27:40 PM
     #16219

    Bug report:

    Registered alias via alias.html
    Filled fields. Pressed button. Button disabled. Wait. Wait. Button enabled. No text in bottom text field appeared.

    What should I do?

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    January 09, 2014, 03:29:25 PM
     #16220

    Peercover has completed manually fixing all the transactions.
    To my knowledge, only three slipped through the cracks.
    They are running 0.5.3 now, so hopefully it will remain in fully automated mode.

    HOWEVER, I have been advised that for the next week, they won't be able to manually reconcile transactions. IF the NXT server crashes, you will have to wait until next week. I know this is not exactly comforting, but the NXT that is already on deposit can be freely traded without any fees or commissions. All the trades are done via the rippled servers, the only thing affected is the automated deposit/withdraw process for NXT.

    Please be patient.

    If you really, really need to get your NXT withdrawn or really really want to deposit your NXT, I can personally handle transactions of up to 10000 NXT. Just PM me.

    I really hope we can all be patient as peercover regroups to deal with things. As long as 0.5.3 server doesn't hang, all is good.

    James

    http://www.digitalcatallaxy.com/report2015.html
    100+ page annual report for SuperNET
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