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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761529 times)
gimre
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February 01, 2014, 03:26:45 PM
 #27201

Neer.g has paid me for 5 vps for 3 months.  Should expire by end of march.  I was also provided 100k and have used that for another 7 vps.

I've started 1 new vps, from well known provider (~1btc for a year), I hope it won't run out of ram, before that.

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google98
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February 01, 2014, 03:28:31 PM
 #27202

Could anybody here explain what could be done with a perfectly working asset exchange? Some concrete examples? I still dont get the idea

NxtChg
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February 01, 2014, 03:30:41 PM
 #27203


Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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Come-from-Beyond
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February 01, 2014, 03:32:33 PM
 #27204

Genesis account passphrase was cracked before it was revealed - https://nextcoin.org/index.php/topic,3752.msg35274/topicseen.html#new

And cracked by Doctor Evil, no less! Cool

Btw, now BCNext can't prove that he is BCNext, anyone can sign a message using the genesis account. So we should expect that BCNext's real identity will never be known...

Edit: Is it a coincidence that my contract is being over in April?

Quote
It was a bright cold day in April, and the clocks were striking thirteen.
gimre
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February 01, 2014, 03:33:26 PM
 #27205

Could anybody here explain what could be done with a perfectly working asset exchange? Some concrete examples? I still dont get the idea

Selling games for example

NemusExMāchinā
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bidji29
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February 01, 2014, 03:36:38 PM
 #27206

Genesis account passphrase was cracked before it was revealed - https://nextcoin.org/index.php/topic,3752.msg35274/topicseen.html#new

And cracked by Doctor Evil, no less! Cool

Btw, now BCNext can't prove that he is BCNext, anyone can sign a message using the genesis account. So we should expect that BCNext's real identity will never be known...

Edit: Is it a coincidence that my contract is being over in April?

Quote
It was a bright cold day in April, and the clocks were striking thirteen.


Maybe BCnext will reveal his identity at thirteen o'clock on April 1st!

http://www.freebieservers.com/  100% FREE GAME SERVERS
utopianfuture
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February 01, 2014, 03:37:16 PM
 #27207

whats the odds we beat master coin to be the first coin to have a distributed exchange? that would be a huge boost for nxt if it can be done?

99%

Even if Nxt does beat others to having an Asset Exchange I wouldn't really put that much expectation in said *feature*.

It will most likely be used by scammers to relieve people of their investments as has been seen many times with such attempts as GLBSE and the likes.

I very much doubt I would ever invest in any sort of "share" in a "digital corporation" which would presumably be anonymous and able to simply run off without a trace at any time (although I would be pretty sure that there are 100+ new "pirateat40" types just waiting for this to be ready).

Personally 1000 TPS is about 1000x more interesting to me than a P2P Asset Registry (which will not be recognised by law and therefore pretty much pointless).


In essense, a public company is a profit sharing social contract to its investors. It does not matter if the company shares are listed in NYSE or NXT asset exchange; it matters whether that social contract is recognized by prevalent laws of the local authority. In U.S there is nothing to prevent a written contract to be enforced in the court of law even without a presence of a proper lawyer. So in theory, a small company can have their charter clearly written, raise the funding and list their shares in a decentralized stock exchanges and have the enforcement falls into the purview of the local authority. It could work and could become very popular in the future.

That is a much bigger game we are after here.


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Come-from-Beyond
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February 01, 2014, 03:37:42 PM
 #27208

Maybe BCnext will reveal his identity at thirteen o'clock on April 1st!

Now noone could prove that he is real BCNext. Smiley
NxtChg
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February 01, 2014, 03:38:03 PM
 #27209

Genesis account passphrase was cracked before it was revealed - https://nextcoin.org/index.php/topic,3752.msg35274/topicseen.html#new

And cracked by Doctor Evil, no less! Cool

Btw, now BCNext can't prove that he is BCNext, anyone can sign a message using the genesis account. So we should expect that BCNext's real identity will never be known...

Edit: Is it a coincidence that my contract is being over in April?

Quote
It was a bright cold day in April, and the clocks were striking thirteen.

How the hell?!

Was it a dictionary attack too? Huh


Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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About smaragda and his lies: https://medium.com/@nxtchg/about-smaragda-and-his-lies-c376e4694de9
SkillRoad
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February 01, 2014, 03:38:06 PM
 #27210

Genesis account passphrase was cracked before it was revealed - https://nextcoin.org/index.php/topic,3752.msg35274/topicseen.html#new

And cracked by Doctor Evil, no less! Cool

Btw, now BCNext can't prove that he is BCNext, anyone can sign a message using the genesis account. So we should expect that BCNext's real identity will never be known...

Edit: Is it a coincidence that my contract is being over in April?

Quote
It was a bright cold day in April, and the clocks were striking thirteen.


Maybe BCnext will reveal his identity at thirteen o'clock on April 1st!

Yes exactly
bidji29
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February 01, 2014, 03:40:07 PM
 #27211

Maybe BCnext will reveal his identity at thirteen o'clock on April 1st!

Now noone could prove that he is real BCNext. Smiley

There is still the BCnext bitcointalk account.
Apart from you and him, who knows the password?

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ImmortAlex
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February 01, 2014, 03:43:28 PM
 #27212

Genesis account passphrase was cracked before it was revealed - https://nextcoin.org/index.php/topic,3752.msg35274/topicseen.html#new

And cracked by Doctor Evil, no less! Cool

Btw, now BCNext can't prove that he is BCNext, anyone can sign a message using the genesis account. So we should expect that BCNext's real identity will never be known...

Edit: Is it a coincidence that my contract is being over in April?

Quote
It was a bright cold day in April, and the clocks were striking thirteen.

How the hell?!

Was it a dictionary attack too? Huh

That's THE example why noone should use well-known quotes as password!
Come-from-Beyond
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February 01, 2014, 03:44:53 PM
 #27213

There is still the BCnext bitcointalk account.
Apart from you and him, who knows the password?

Theymos could post using that account, maybe some other admins.
ImmortAlex
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February 01, 2014, 03:45:02 PM
 #27214

Btw, why NRS shows genesis account's balance as -5 ?
CIYAM
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February 01, 2014, 03:45:11 PM
 #27215

In essense, a public company is a profit sharing social contract to its investors. It does not matter if the company shares are listed in NYSE or NXT asset exchange; it matters whether that social contract is recognized by prevalent laws of the local authority. In U.S there is nothing to prevent a written contract to be enforced in the court of law even without a presence of a proper lawyer. So in theory, a small company can have their charter clearly written, raise the funding and list their shares in a decentralized stock exchanges and have the enforcement falls into the purview of the local authority. It could work and could become very popular in the future.

That is simply not going to work - the laws about public companies are very strict and very different in every single country (btw - stop thinking that the US is all that matters, please).

So thinking that some sort of anonymous corporation would be covered by *any* specific countries laws just doesn't make sense (as they are contradictory).

To have a corporation *work* in a decentralised manner means that lawyers and laws *must not apply*.

It can only have meaning through a digital contract that is enforced by math and I don't think that the Asset Exchange feature is actually going to do this (Ethereum may get closer although I think Open Transactions probably the closest so far to achieving this).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
Come-from-Beyond
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February 01, 2014, 03:46:23 PM
 #27216

Btw, why NRS shows genesis account's balance as -5 ?

Too many transactions maybe. Don't worry, Nxt core correctly shows the balance:

http://localhost:7874/nxt?requestType=getBalance&account=1739068987193023818
martismartis
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February 01, 2014, 03:49:03 PM
 #27217

Has anyone tried to install NRS on LG Smart TV set?

I have one. How do i go about installing

I asked the same question.

Now I'm in stage to install and run Linux on Android stick. Had a lot of problems to root the stick, but finally i succeeded. Now is the Linux headache. Smiley
NxtChg
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February 01, 2014, 03:49:48 PM
 #27218

How the hell?! Was it a dictionary attack too? Huh

That's THE example why noone should use well-known quotes as password!

Ok, I guess if you consider that it's a crypto community and that's the very first line of Orwell's most popular book, it becomes plausible...

On the other hand, doctorevil wrote his program in Java - a strange choice for password cracking tool - and had only 2 posts before making his grand announcement, looks a bit suspicious...

Simcoin: https://simtalk.org:444/ | The Simplest Bitcoin Wallet: https://tsbw.io/ | Coinmix: https://coinmix.to | Tippr stats: https://tsbw.io/tippr/
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February 01, 2014, 03:51:47 PM
 #27219

Btw, why NRS shows genesis account's balance as -5 ?

Is that for real?  The genesis address/account got cracked?

What are the implications?  Anyone can create and assign Nxt to himself?

 
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ImmortAlex
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February 01, 2014, 03:53:42 PM
 #27220

How the hell?! Was it a dictionary attack too? Huh

That's THE example why noone should use well-known quotes as password!

Ok, I guess if you consider that it's a crypto community and that's the very first line of Orwell's most popular book, it becomes plausible...
Btw, do we need fresh "facepalm" picture? Smiley

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