Bitcoin Forum
March 28, 2024, 11:55:22 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1490 1491 1492 1493 1494 1495 1496 1497 1498 1499 1500 1501 1502 1503 1504 1505 1506 1507 1508 1509 1510 1511 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 [1540] 1541 1542 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 1560 1561 1562 1563 1564 1565 1566 1567 1568 1569 1570 1571 1572 1573 1574 1575 1576 1577 1578 1579 1580 1581 1582 1583 1584 1585 1586 1587 1588 1589 1590 ... 2557 »
  Print  
Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761517 times)
ChuckOne
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82


View Profile
February 07, 2014, 05:49:45 PM
 #30781

you know guys. we could cut out the dollar by tying our main token that we trade with to something extremely liquid but lacking other properties of money. the nxt token representation of the object will give it its strong money characteristics and the high liquidity of the item its tied to could give a stable and recognizable price.

so just as an offhand example, the basic pricing could be done by having the main medium of exchange be a token that represents 1 egg. say i am an egg farmer, i issue 1 million grade a egg colored tokens. the nxt/egg cross becomes the deepest and most liquid token in the market and so then nxt becomes priced in eggs. if you want to know what the value of a nxt is in dollars then you go to the supermarket and check out the price of eggs and just do the conversion. if you want eggs than you just trade 1 token for 1 egg to the egg farmer.

eggs probably bag example. ill try to think of something better.

Don't see how this should convert to real egg prices? If we cut out the dollar and the supermarket only accepts dollars then there's no link between real eggs and nxt eggs.

Supermarket should accept NXTs then we get the price real.
1711626922
Hero Member
*
Offline Offline

Posts: 1711626922

View Profile Personal Message (Offline)

Ignore
1711626922
Reply with quote  #2

1711626922
Report to moderator
1711626922
Hero Member
*
Offline Offline

Posts: 1711626922

View Profile Personal Message (Offline)

Ignore
1711626922
Reply with quote  #2

1711626922
Report to moderator
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Emule
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
February 07, 2014, 05:51:10 PM
 #30782

Critical bug disclosure

Few days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm. The flaw allowed to replay transactions that would lead to double-triple-etc amounts sent. In fact, by finding this flaw he conducted an audit of Crypto class and won the bounty that we collected specially for such a case.

I can't explain details of the flaw, coz it's out of my area of expertise. U can contact him directly via nextcoin.org forum.

The flaw has been fixed and all who updated to 0.6.0+ are safe now. Users of older versions are safe too as long as they are connected to nodes with 0.6.0+.

PS: The community should collect 10 BTC again coz we still need to do the audit of the code.

so next is broken al ready and they have to paid ransom to a guy for stopping attacks.   Why r people still buying this broken piece of shitcoin

and main dev don't know nothing about if you have to ask the attacker self.

0.000003
Emule
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
February 07, 2014, 05:52:49 PM
 #30783

Let's get this guy on board, Klee is in charge of the infrastructure team, so perhaps Klee can get him on board and a good chunk of Nxt from unclaimed.

+1

big panic he can earn more by exploiting the flaw and sell it.
ChuckOne
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82


View Profile
February 07, 2014, 05:52:50 PM
 #30784

Critical bug disclosure

Few days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm. The flaw allowed to replay transactions that would lead to double-triple-etc amounts sent. In fact, by finding this flaw he conducted an audit of Crypto class and won the bounty that we collected specially for such a case.

I can't explain details of the flaw, coz it's out of my area of expertise. U can contact him directly via nextcoin.org forum.

The flaw has been fixed and all who updated to 0.6.0+ are safe now. Users of older versions are safe too as long as they are connected to nodes with 0.6.0+.

PS: The community should collect 10 BTC again coz we still need to do the audit of the code.

so next is broken al ready and they have to paid ransom to a guy for stopping attacks.   Why r people still buying this broken piece of shitcoin

and main dev don't know nothing about if you have to ask the attacker self.

0.000003

We're still waiting for you dumping. Wink
msin
Legendary
*
Offline Offline

Activity: 1470
Merit: 1004


View Profile
February 07, 2014, 05:53:04 PM
 #30785

Critical bug disclosure

Few days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm. The flaw allowed to replay transactions that would lead to double-triple-etc amounts sent. In fact, by finding this flaw he conducted an audit of Crypto class and won the bounty that we collected specially for such a case.

I can't explain details of the flaw, coz it's out of my area of expertise. U can contact him directly via nextcoin.org forum.

The flaw has been fixed and all who updated to 0.6.0+ are safe now. Users of older versions are safe too as long as they are connected to nodes with 0.6.0+.

PS: The community should collect 10 BTC again coz we still need to do the audit of the code.

so next is broken al ready and they have to paid ransom to a guy for stopping attacks.   Why r people still buying this broken piece of shitcoin

and main dev don't know nothing about if you have to ask the attacker self.

0.000003

Emule, please PM me is you are selling your Nxt.  I'm buying.
punkrock
Hero Member
*****
Offline Offline

Activity: 808
Merit: 1011



View Profile
February 07, 2014, 05:53:48 PM
 #30786

@Emule: So, the priest did bad things with you, when you were young? I'm so sorry.
mezzovide
Member
**
Offline Offline

Activity: 101
Merit: 10


View Profile
February 07, 2014, 05:54:25 PM
 #30787

Critical bug disclosure

Few days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm. The flaw allowed to replay transactions that would lead to double-triple-etc amounts sent. In fact, by finding this flaw he conducted an audit of Crypto class and won the bounty that we collected specially for such a case.

I can't explain details of the flaw, coz it's out of my area of expertise. U can contact him directly via nextcoin.org forum.

The flaw has been fixed and all who updated to 0.6.0+ are safe now. Users of older versions are safe too as long as they are connected to nodes with 0.6.0+.

PS: The community should collect 10 BTC again coz we still need to do the audit of the code.

so next is broken al ready and they have to paid ransom to a guy for stopping attacks.   Why r people still buying this broken piece of shitcoin

and main dev don't know nothing about if you have to ask the attacker self.

0.000003


Btc : 12LMdyWoyjJ1BZxfWmaZMWjTXn7S9y5EdK
BaiMangal
Member
**
Offline Offline

Activity: 111
Merit: 10


View Profile
February 07, 2014, 05:56:25 PM
 #30788

you know guys. we could cut out the dollar by tying our main token that we trade with to something extremely liquid but lacking other properties of money. the nxt token representation of the object will give it its strong money characteristics and the high liquidity of the item its tied to could give a stable and recognizable price.

so just as an offhand example, the basic pricing could be done by having the main medium of exchange be a token that represents 1 egg. say i am an egg farmer, i issue 1 million grade a egg colored tokens. the nxt/egg cross becomes the deepest and most liquid token in the market and so then nxt becomes priced in eggs. if you want to know what the value of a nxt is in dollars then you go to the supermarket and check out the price of eggs and just do the conversion. if you want eggs than you just trade 1 token for 1 egg to the egg farmer.

eggs probably bag example. ill try to think of something better.

Very good idea! I have a profitable forex bot and I am thinking of assets based on it. It be very easy to value them and nxt as well. It is making 3-4% monthly profit..
EvilDave
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1001



View Profile
February 07, 2014, 06:08:14 PM
 #30789

rofl. i completely missed that thread where i was mentioned like a dozen times

U should monetize ur reputation. If u were a fiat gateway operator for Asset Exchange, u would help the community a lot. I would accept dollars issued by u without any doubt. Think of such a business plz...

Anon136,

If you do consider fiat gateway, iDeal might be something to look into for accepting Euros. 

http://www.ideal.nl/banken/?lang=eng-GB

I had asked in this thread earlier if anyone had any experience with it, and a member did PM me to tell me that he used it and that it was awesome.  If you're interested, I can ask him to PM you, also, to get an idea of how it is used.

He gave me this link:

http://www.bitcoinvergelijker.nl/

But I don't speak Dutch so I only got a vague idea of what is said there.


That was me....what do you need to know about iDeal ?
It's way simple: direct money transfer (via a web interface), from your account to merchant account using your accounts internet banking access system. As easy as Bitcoin, but from the banksters....
AFAIK, it's only in NL at the moment, but your first link hints that they want to take it Europe-wide.
Most BTC merchants in NL use it (as well as all NL online shops/pizza delivery/etc) and u can go from "want Bitcoin" to having the BTC on your wallet in 10 minutes.



Gotta run, some other NL members can mybe explain more.
Try Google translate, btw, give u an idea of whats going on....and try the iDeal interface out, see how it works.

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
caratheodory
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
February 07, 2014, 06:10:10 PM
 #30790

Critical bug disclosure

Few days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm.

Can someone explain how he found out the passphrase of the genesis account?

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

It has 14 words and some punctuation. Ignoring the punctuation and using a simple 2000 words long dictionary (and this is tiny! There are 1013913 words in the English language) we get 2000^14 possible passphrases, or about 10^46 possibilities, if we go by characters from the alphabet, it has 26^72 ~ 10^101 possibilities. A password written in base 58 and 26 characters long is also about 10^46 possibilities. In comparison, a random 8 character long password takes 3 hours to crack on a desktop pc. 9 char -> 3days, 10 char -> 1 year, 11 char -> 48 years. 26 char -> An octillion years.

Now it is a given that the entropy of a random password is much higher than that of a phrase from a novel, but I still can't see how he could crack the passphrase unless the entire thing was already in his dictionary! Let's not forget he was using a python script which is notably slow!
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 2142
Merit: 1009

Newbie


View Profile
February 07, 2014, 06:13:27 PM
 #30791

Can someone explain how he found out the passphrase of the genesis account?

http://security.stackexchange.com/questions/22717/how-secure-are-passwords-made-of-whole-english-sentences
EvilDave
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1001



View Profile
February 07, 2014, 06:13:49 PM
Last edit: February 07, 2014, 06:34:43 PM by EvilDave
 #30792

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

FC promoting NEM ?  I think u may be suffering from some confusion here.

OI !, Frictionless, r u promoting NEM ?

And why do u and eMule seem to be joined at the hip ?

Nulli Dei, nulli Reges, solum NXT
Love your money: www.nxt.org  www.ardorplatform.org
www.nxter.org  www.nxtfoundation.org
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 504


View Profile
February 07, 2014, 06:14:32 PM
 #30793

car: probably because this famous phrase has got  506 000 pages on googlesearch
timmyd
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile
February 07, 2014, 06:18:15 PM
 #30794

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

FC promoting NEM ?  I think u may be suffering from some confusion here.

OI, Frictionless, r u promoting NEM ?

Ans why do u and eMule seem to be joined at the hip ?
Ye they allways apear together

Monthly profits from Www.Banxcapital.com
The safest Exchange around Www.Banx.io Fiat 2 BTC Www.Banxtrade.com
Latest Crypto News Www.Digitalmoneytimes.com

<a href="http://8857bcobvnw90aez2kvoq2wn8w.hop.clickbank.net/?tid=BB" target="_top"><img src="http://www.bonusbagging.co.uk/Banners/728x90_2.jpg" width="728" height="90" alt="Make thousands RISK FREE" border="0"/></a>
Isildur23
Full Member
***
Offline Offline

Activity: 178
Merit: 100


View Profile
February 07, 2014, 06:21:17 PM
 #30795

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

FC promoting NEM ?  I think u may be suffering from some confusion here.

OI, Frictionless, r u promoting NEM ?

Ans why do u and eMule seem to be joined at the hip ?

Ok, maybe i missread something (i wasn't focusing on his posts). But will somebody still answer my questions (marked them in bold). Sorry again if they are too silly.

Ties are a prison for the soul...
Anon136
Legendary
*
Offline Offline

Activity: 1722
Merit: 1217



View Profile
February 07, 2014, 06:23:14 PM
 #30796

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

its not like we endorse it or think its a good idea. its just that all we had to do to get on that list was type the word interested in a post on his thread. it was so easy to get on that list that there was no reason not to.

nem is just a clone headed up by a troll. i wouldn't bother with it too much. i would keep your eyes open for nxt forks that actually do something innovative though. probably the first successful distributed autonomous corporations will be built on nxt forks.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 2142
Merit: 1009

Newbie


View Profile
February 07, 2014, 06:25:00 PM
 #30797

Looks like Nxt does repeat Bitcoin history. We should check https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures to see what to expect in the future... Smiley
Emule
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
February 07, 2014, 06:27:18 PM
 #30798

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

FC promoting NEM ?  I think u may be suffering from some confusion here.

OI, Frictionless, r u promoting NEM ?

Ans why do u and eMule seem to be joined at the hip ?
Ye they allways apear together

Ah come on don't put the blame on me they broke your software and its worthless now, blame bcnext

give up guys sell and go home.
FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
February 07, 2014, 06:27:44 PM
 #30799

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

NEM is a clone of Nxt created by Nxt insiders.   So rather than improving on Nxt,  these folks have decided to fork a clone of Nxt.

NEX does not involve Nxt insiders.  

So Nxt folks condone NEM efforts because they are all buddies with them.

Nxt folks however take great efforts to criticize NEX because NEX folks aren't Nxt insiders.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
February 07, 2014, 06:30:15 PM
 #30800

Guys, sorry for the super silly question. I read every post here but when i saw that FC was promoting NEM i ignored every post in which i see "NEM". Now i see that Utopianfuture is responsible for NEM and most of the active people here are in the staheholders' list of NEM (are they really? Anon? Come-from-beyond?). Will NEM have the same features like Nxt (especially transparent forging)? And the only difference will be the community and developers? I know I gotta be missing something and i sound silly but i have to ask. Thank you for the response!

its not like we endorse it or think its a good idea. its just that all we had to do to get on that list was type the word interested in a post on his thread. it was so easy to get on that list that there was no reason not to.

nem is just a clone headed up by a troll. i wouldn't bother with it too much. i would keep your eyes open for nxt forks that actually do something innovative though. probably the first successful distributed autonomous corporations will be built on nxt forks.

"A clone headed up by a troll",  so what do you call the 40 BTC that the NEM folks already raised for development??!

Are they really going to come up with something?

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Pages: « 1 ... 1490 1491 1492 1493 1494 1495 1496 1497 1498 1499 1500 1501 1502 1503 1504 1505 1506 1507 1508 1509 1510 1511 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 [1540] 1541 1542 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 1560 1561 1562 1563 1564 1565 1566 1567 1568 1569 1570 1571 1572 1573 1574 1575 1576 1577 1578 1579 1580 1581 1582 1583 1584 1585 1586 1587 1588 1589 1590 ... 2557 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!