NXT :: descendant of Bitcoin - Updated Information

[allwelder]

MtGox: Bitcoin Transaction Malleability bug

https://www.mtgox.com/press_release_20140210.html

BTC Crash!

"Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin."

NXT not affected!!

If we would get some big marketing campaign started right now, IT. WOULD. BE. HUGE! 

yes,very effective, many ppl follow my weiboweibo.com/nxtcoin,we should to promote Nxt at this very time.

[1714060282]

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[1714060282]

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[1714060282]

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[lucky88888]

Some ppl have bought BTC at 100$-200$ price...

People on btc-e troll box are saying there was about 6000 btc panic sells causing the price to drop down to $102.
Some people are becoming instant millionaires and some won't live past tonight unfortunately..
Scary even though i don't have any BTC, i'm all nxt.

[xyzzyx]

Would be really dumb not to cancel transactions if equally "are not real" until they reach the 1440 confirmations.
I can pay you now, but will have to wait until 1440 to be effective confirmations. that is, it is not real.
and 1440 confirmations are 48 hours!

if you can not cancel, so I have to wait 1440 confirmations? make it immediately effective and voila!

I don't like the idea of being able to cancel transactions.  With that said, yes, 1440 confirmations is currently over a day.

It doesn't have to be.  Remove the nearly one minute block delay between blocks.  1440 confirmations can now be done in several seconds.

Of course, blockchain pruning -- keeping only the last 1440 or so blocks -- will have to be fleshed-out and implemented first.

[salsacz]

share pls



https://i.imgur.com/IAKPOmY.jpg

[Labteck]

AE will be nice today.

[ChuckOne]

share pls



https://i.imgur.com/IAKPOmY.jpg

We should publish that!

[CIYAM]

We should publish that!

Why - so we can look like FUDsters along with Mt. Gox?

[ChuckOne]

We should publish that!

Why - so we can look like FUDsters along with Mt. Gox?

Raising awareness.

[BitcoinForumator]

We should publish that!

Why - so we can look like FUDsters along with Mt. Gox?

CIYAM always bringing the wiser and more mature perspective

[^[GS]^]

Would be really dumb not to cancel transactions if equally "are not real" until they reach the 1440 confirmations.
I can pay you now, but will have to wait until 1440 to be effective confirmations. that is, it is not real.
and 1440 confirmations are 48 hours!

if you can not cancel, so I have to wait 1440 confirmations? make it immediately effective and voila!

I don't like the idea of being able to cancel transactions.  With that said, yes, 1440 confirmations is currently over a day.

It doesn't have to be.  Remove the nearly one minute block delay between blocks.  1440 confirmations can now be done in several seconds.

Of course, blockchain pruning -- keeping only the last 1440 or so blocks -- will have to be fleshed-out and implemented first.

Okay, it was just an idea.  

At the end, no one likes! and discovered how many ignorant NXT works.    
and that if one person knows, you. 

[Hacer88]

Question about client updates of Jean Luc.

What happens if you are too late to update to the new version?

I used the older version only once, when it was the newest version when I was using it.

It took a while to download the latest blocks (1 minute I think). Everything seems to work fine.

I'm reading something called a 'fork'. How can I know I'm on a fork?

[CIYAM]

Raising awareness.

IMO that is the *wrong* way to do it - and is only going to motivate other coins to start posting FUD memes about Nxt in retaliation.

You *reap* what you *sow*.

[Eadeqa]

Simple mode....

ACTUAL/NOW/CURRENT:

1) you send 1000 NXT and NXT 1 fee
2) shows that balance (false) / show is received at the destination (false)
3) it is effective in 1440 confirmations (after 48 hours)
4) someone forge the commission NXT

WITH CANCEL:

1) you send 1000 NXT and NXT 1 fee
2) shows that balance (false) / show is received at the destination (false)
3) you cancel the transfer before the confirmation 800 (~24 hours). you recover the amount, the recipient returns to its normal amount.  
4) someone forge the commission NXT

___________________

Because you think DGEX and the other sites take so long to process transactions? Are not congested. Are only waiting for 1440 confirmations.

I don't know what you are trying to say here. Nxt transactions are irreversible. You don't have to wait for 1440 confirmations . After 10 confirmations (around 10 minutes) merchant can ship product. I would ship it even after one confirmation.

You suggestions doesn't make any sense. This will make Nxt almost useless currency, or at least the slowest currency in the world. 24 hours before a seller can send you product? What if it's digital download? 24 hours wait before you can download? I would rather use a currency that is quicker then waste time with Nxt.

No thanks.

[CIYAM]

I'm reading something called a 'fork'. How can I know I'm on a fork?

Best way is to either post your last block info (block # and the % difficulty of it) into this topic and someone will most likely be able to quickly let you know (other signs are that you aren't getting new blocks for a long time or that you are forging many blocks in a row despite not having a huge amount of NXT).

[newsilike]

We should publish that!

Why - so we can look like FUDsters along with Mt. Gox?

CIYAM always bringing the wiser and more mature perspective

I know and basically he is right, but it raises awareness nevertheless.

Imagine the same thing would be true for dogecoin.

That would be a fucking massacre.

The Nxt community is so defensive with its marketing strategies sometimes you should come up with a little more aggression (positive aggression^^).

[Bitventurer]

Raising awareness.

IMO that is the *wrong* way to do it - and is only going to motivate other coins to start posting FUD memes about Nxt in retaliation.

You *reap* what you *sow*.

agree lets twitt only true stuff ..

[^[GS]^]

Simple mode....

ACTUAL/NOW/CURRENT:

1) you send 1000 NXT and NXT 1 fee
2) shows that balance (false) / show is received at the destination (false)
3) it is effective in 1440 confirmations (after 48 hours)
4) someone forge the commission NXT

WITH CANCEL:

1) you send 1000 NXT and NXT 1 fee
2) shows that balance (false) / show is received at the destination (false)
3) you cancel the transfer before the confirmation 800 (~24 hours). you recover the amount, the recipient returns to its normal amount. 
4) someone forge the commission NXT

___________________

Because you think DGEX and the other sites take so long to process transactions? Are not congested. Are only waiting for 1440 confirmations.

I don't know what you are trying to say here. Nxt transactions are irreversible. You don't have to wait for 1440 confirmations . After 10 confirmations (around 10 minutes) merchant can ship product. I would ship it even after one confirmation.

You suggestions doesn't make any sense. This will make Nxt almost useless currency, or at least the slowest currency in the world. 24 hours before a seller can send you product?

No thanks.

okay, send your product after 10 minutes just crossing the fingers that it is not a fork.

you can notify DGEX to send and receive your deposits in 10 minutes. lol

[allwelder]

what does this mean? It does not affect the forging,right?

I'm the owner of 88.198.142.92,  I upgrade the vps to 0.7.2 several hours ago, so far works fine,
don't known why the invalid timestamp.

Looks like one of u needs to set the correct time.

woks normally now,thanks all of you.

[CIYAM]

The Nxt community is so defensive with its marketing strategies sometimes you should come up with a little more aggression (positive aggression^^).

Am not so much against being aggressive in marketing - but I think there is a bit of a difference between that and using FUD (even if that FUD originates from what was once the largest Bitcoin exchange).

I don't see that as "positive" but instead quite negative (in the same way that many political ads are constructed).

[delulo]

2 questions:

Any idea when about the decentralized exchange will be ready to use?

Is nxt vulnerable to the Transaction Malleability problem bitcoin has?