NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Oh, I remembered what I wanted to ask you, CfB: what do you think about key stretching?

It's a good trick if applied in a right place. In Nxt we don't need it if a secret phrase entropy is high enough (~256 bits).

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[xyzzyx]

- people not generating public keys - in the client there could be some warning with explanation and advice to get it, to send 1 transaction / create 1 alias

I'd really like to see an API call similar to broadcastTransaction that would allow one to specify the full 256-bit public key address to send to, rather than just a 64-bit recipient address.

There would be a minimum of 1 NXT fee, and a send payment amount minimum of 1 NXT.

If the 256-bit public key collided with an existing 64-bit recipient address, the transaction would be rejected.

If the 256-bit public key did not already exist in the blockchain, it would be added.

This would allow the creation of secure paper wallets.

[Come-from-Beyond]

yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

[pinarello]

yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

ok time for the blue one 

[NxtChg]

It's a good trick if applied in a right place. In Nxt we don't need it if a secret phrase entropy is high enough (~256 bits).

Yeah, but that's the problem! People constantly pick low-entropy passphrases, because they are used to regular passwords.

And then their account gets hacked with something that looks like offline bruteforcing.

So what if instead of doing

MessageDigest.getInstance("SHA-256").digest(secretPhrase.getBytes("UTF-8"))

we add something like PBKDF2 to improve security?

[Sanglotslongs]

Hello ! I relooked NXT message with CSS and HTML. The yellow block is pasted from How to send a message (NXT wiki). Do you like it ?

[xyzzyx]

It's a good trick if applied in a right place. In Nxt we don't need it if a secret phrase entropy is high enough (~256 bits).

Yeah, but that's the problem! People constantly pick low-entropy passphrases, because they are used to regular passwords.

And then their account gets hacked with something that looks like offline bruteforcing.

So what if instead of doing

MessageDigest.getInstance("SHA-256").digest(secretPhrase.getBytes("UTF-8"))

we add something like PBKDF2 to improve security?

If we did something like this: https://bitcointalk.org/index.php?topic=345619.msg4821453#msg4821453 then we could easily add Bitcoin-like wallet functionality.  Let the computer use a good random number generator to generate the private key.  Local machine could have its own "weak" password for the local wallet, and the blockchain address would not be able to be brute-forced.

[Come-from-Beyond]

So what if instead of doing

MessageDigest.getInstance("SHA-256").digest(secretPhrase.getBytes("UTF-8"))

we add something like PBKDF2 to improve security?

I don't care. It's client side.

[Come-from-Beyond]

Hello ! I relooked NXT message with CSS and HTML. The yellow block is pasted from How to send a message (NXT wiki). Do you like it ?

Yes, what the name of this font?

[joefox]

Lets think, that NXT is commodity or "thing". Which authority forbids to buy some commodity or "thing" with fiat?

You don't have to convince me.  You have to convince the governments that issue fiat.  This is why hearings like this one are happening.

Governments forbid the purchase of "things" with fiat all the time.  I would love to buy cocaine, steroids, and dates with hookers at the 7-11 down my street, but I can't.

[cromaclear]

yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

i deduct from your answer that you like Nxt as a store of value because it is going to rise in value against any other currency. Am I correct in this assertion?

How would it be achieved if nxt starts to lose value against other currencies because it does not gain investor focus?? In this case, it would be useless as a store of value.

do you have any ace upon your sleeve (whatever it is) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thank you for your answers.

[Come-from-Beyond]

yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

i deduct from your answer that you like Nxt as a store of value because it is going to rise in value against any other currency. Am I correct in this assertion?

How would it be achieved if nxt starts to lose value against other currencies because it does not gain investor focus?? In this case, it would be useless as a store of value.

do you have any ace upon your sleeve (whatever it is) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thank you for your answers.

I just trust guys who say that scarcity leads to increase in value.

[Sanglotslongs]

Hello ! I relooked NXT message with CSS and HTML. The yellow block is pasted from How to send a message (NXT wiki). Do you like it ?

Yes, what the name of this font?

Baumans (google font)

And Faster one

[cromaclear]

yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

i deduct from your answer that you like Nxt as a store of value because it is going to rise in value against any other currency. Am I correct in this assertion?

How would it be achieved if nxt starts to lose value against other currencies because it does not gain investor focus?? In this case, it would be useless as a store of value.

do you have any ace upon your sleeve (whatever it is) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thank you for your answers.

I just trust guys who say that scarcity leads to increase in value.

there are a lot of alt-coins which are scarce and their value is 0. You need scarcity plus people willing to hold nxt, both of them, not just scarcity.

again,

do you (or other members of the development team who you talk to) have any ace upon your sleeve (whatever it is and not necessary to reveal it now) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thanks again.

[NxtChg]

So what if instead of doing

MessageDigest.getInstance("SHA-256").digest(secretPhrase.getBytes("UTF-8"))

we add something like PBKDF2 to improve security?

I don't care. It's client side.

Ok.

https://bitbucket.org/JeanLucPicard/nxt-public/issue/30/improve-security-of-weak-passphrases-by

[Come-from-Beyond]

again,

do you (or other members of the development team who you talk to) have any ace upon your sleeve (whatever it is and not necessary to reveal it now) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thanks again.

Let me to make appearance that I haven't seen this question.

[pandaisftw]

yes, we need unless you prefer emunie starts to gain market share at the expense of nxt. What would happen if emunie starts to gain investor attention because they implement some features that nxt is just talking about??

don't you think it would be better to say to the world, look, nxt is here with those features done before any other crypto and make a strong marketing campaing.

Has any stakeholder talked about hiring a good SEO or marketing professional??

TBH, I prefer to use Nxt as store of value, eMunie as mean of exchange and Ethereum for public smart contracts (to fund firemen, etc.).

i deduct from your answer that you like Nxt as a store of value because it is going to rise in value against any other currency. Am I correct in this assertion?

How would it be achieved if nxt starts to lose value against other currencies because it does not gain investor focus?? In this case, it would be useless as a store of value.

do you have any ace upon your sleeve (whatever it is) in relation to the promised nxt innovations just in case any other currency becomes mainstrem instead of Nxt??

thank you for your answers.

Well, for one, NXT is not inflationary. Emunie and Eth have huge inflation.

So why would NXT lose it's store of value if "it does not gain investor focus"? Will all of your coins suddenly be worth less?

Also, is it just me or suddenly in the last 5 pages or so people became very, very concerned with price? People forgot already NXT went all the way up to $60mil market cap in 2 months already? Yes, it's a slow period, price-wise, but this always happens after a large rise.

My advice, don't worry about the price. We have people here that constantly deliver good results, I wouldn't want them to half-ass something just so a few people can make a quick buck.

[Come-from-Beyond]

https://bitbucket.org/JeanLucPicard/nxt-public/issue/30/improve-security-of-weak-passphrases-by

This will become irrelevant after we get rid of NRS web interface. Very soon in other words.

[ChuckOne]

https://bitbucket.org/JeanLucPicard/nxt-public/issue/30/improve-security-of-weak-passphrases-by

This will become irrelevant after we get rid of NRS web interface. Very soon in other words.

Maybe, I missed that something but what will be the alternative?

[Come-from-Beyond]

Maybe, I missed that something but what will be the alternative?

Other clients.