NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

There is no way this can be right. If that was a true random hex number with that many digits there is no way it could be cracked easily. Can someone else input on this?

af5c73ca7cf5f25ffa3b6b1689f40aaf60fd040b0de298c1ca661f8602d38311 is easily cracked coz it's SHA256("Alice"), or something similar. The same issue as I told about Exp(X).

[1714181354]

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[1714181354]

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[Come-from-Beyond]

The second and third accounts had no 256-bit public key (no transactions out) so someone possibly could have accessed them via a collision. As someone else mentioned though as all three accounts were accessed (basically at the same time) it may be more likely he has malware on his machine.

It's impossible to find 64bit collisions yet.

[BitAddict]

I know you will think this is too early for this but I don't want we fail in the same point bitcoin did.

In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.

The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.


Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.

[Come-from-Beyond]

I'm launching a cryptocoin based on Nxt AM technology. It will be a PoW coin, but it will be protected against 51% attacks by Nxt PoS algo. If this coin becomes popular then we will see a lot of forks. Any ideas if this will make Nxt more or less popular? Such coins require to have an Nxt wallet, coz transactions a made by paying 1 NXT fee.

Beyoncé
Today/yesterday I had a nice talk about this with my friend. He would like to host a gaming currency on the Nxt blockchain. That currency would be balanced by the gaming cards. It is used only for buying cards now, but there will be more games/projects in the future. There was a little problem with the 1 Nxt fee, it is probably too much. He would like to implement it, but without using any programmator skills. Also he wouldn't like to manage the currency, it should all be secured by the Nxt network...

My coin is written in HTML and JS, and can be easily changed. He just should wait when we lower tx fee to 0.01 NXT.

[BitAddict]

BTW Target is: 100/Target, right?

How is possible that target sometimes is under 100?

[erik__]

I know you will think this is too early for this but I don't want we fail in the same point bitcoin did.

In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.

The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.


Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.

If one Nxt is ever worth a thousand dollars (trillion dollar market cap) then you might want to just sell and stop worrying about the future at that point.

[landomata]

I know you will think this is too early for this but I don't want we fail in the same point bitcoin did.

In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.

The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.


Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.

If one Nxt is ever worth a thousand dollars (trillion dollar market cap) then you might want to just sell and stop worrying about the future at that point.

Folks we have landed on MARS!

[BitAddict]

I know you will think this is too early for this but I don't want we fail in the same point bitcoin did.

In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.

The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.


Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.

If one Nxt is ever worth a thousand dollars (trillion dollar market cap) then you might want to just sell and stop worrying about the future at that point.

Folks we have landed on MARS!

ROLF. I didn't think before that post!

Anyway we deserve more than that

[BitAddict]

Now something serious. With all this NxT getting lost, we should focus in security.

We need some kind of system like:

Offline wallet with coins --> Gives permission to forge to ---> Copy of wallet but "only watch"
So you have the same wallet and you can forge.

Exactly the same like Armory offline wallets for bitcoin with the extra of forging.


Also 1 password for opening account and another 1 password for sending could work for the short term.


I read that devs were working in something like this. Any update?

[Come-from-Beyond]

I read that devs were working in something like this. Any update?

We were brainstorming on what to add to Account Control.

[BitAddict]

I read that devs were working in something like this. Any update?

We were brainstorming on what to add to Account Control.

Thanks.

I mentioned this before

"Offline wallet with coins --> Gives permission to forge to ---> Copy of wallet but "only watch"
So you have the same wallet and you can forge.

Exactly the same like Armory offline wallets for bitcoin with the extra of forging."

But is true that is also dangerous if all the people start giving that "only watch wallet" to the pools. We will start to be centralized.

We need some kind of system that pooling is impossible to do without sending coins.

[EmoneyRu]

BTW Target is: 100/Target, right?

How is possible that target sometimes is under 100?

https://nextcoin.org/index.php/topic,1913.0.html

[Come-from-Beyond]

But is true that is also dangerous if all the people start to give that "only watch wallet" to the pools. And is no good if pools start getting the control.

People shouldn't give all the power to a single forging pool. U could lease only 50% of the power and leave 50% for urself.

[BitAddict]

BTW Target is: 100/Target, right?

How is possible that target sometimes is under 100?

https://nextcoin.org/index.php/topic,1913.0.html

Thanks!

But is true that is also dangerous if all the people start to give that "only watch wallet" to the pools. And is no good if pools start getting the control.

People shouldn't give all the power to a single forging pool. U could lease only 50% of the power and leave 50% for urself.

I guess you mean couldn't, right?

нe мoг  

[Come-from-Beyond]

I guess you mean couldn't, right?

I mean shouldn't. They will be able to do that if they need one entity to rule them all.

[BitAddict]

I guess you mean couldn't, right?

I mean shouldn't. They will be able to do that if they need one entity to rule them all.

Problem is that we will end in the same place than bitcoin. People will just get lazy with the time + forget how bad is that and will give the power to the pools.
The more new users will have NXT, the more we will suffer this problem with the time.


BCNext knows and also we know, that the key is to keep the currency decentralized. Is better you can't give power to another, than this option. This will just lead to problems in the future with centralizated pools.

Is like trying to solve one problem making another bigger.

[Come-from-Beyond]

Problem is that we will end in the same place than bitcoin. People will just get lazy with the time + forget how bad is that and will give the power to the pools.
The more new users will have NXT, the more we will suffer this problem with the time.

Is better you can't give power to another, than this option. This will just lead to problems in the future.

People should think themselves. If Nxt concept dies due to people laziness - so be it.

[greyw00lf]

Problem is that we will end in the same place than bitcoin. People will just get lazy with the time + forget how bad is that and will give the power to the pools.
The more new users will have NXT, the more we will suffer this problem with the time.


BCNext knows and also we know, that the key is to keep the currency decentralized. Is better you can't give power to another, than this option. This will just lead to problems in the future with centralizated pools.

+1

[pinarello]

can we now focus back on NXT and finaly move on?

release for testing nexerns client 26th is that official?

Pin

[pinarello]

when will decentralized exchange be launched?