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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756163 times)
bitcoinpaul
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February 13, 2014, 07:50:51 AM
 #33001

So the search goes on.

edit: What's up with Susan?
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Passion_ltc
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February 13, 2014, 07:51:06 AM
 #33002

nxt.org news:
the domain name nxt.org have been auctioned with 13537 USD recently on Sedo platform .
http://news.domain.cn/html/yumingzixun/2014/0207/31292.html

bougt by Nxt community?
ofc. Wink

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February 13, 2014, 07:52:39 AM
 #33003

I agree. She should be sent the full source code of 0.73

What for? She already said that wouldn't check the implementation.

Didn't we want her to check the algos? Plus, send her bloodyrookie's fix, and see how that compares with the original.

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February 13, 2014, 07:55:24 AM
 #33004

I agree. She should be sent the full source code of 0.73

What for? She already said that wouldn't check the implementation.

Didn't we want her to check the algos? Plus, send her bloodyrookie's fix, and see how that compares with the original.

Let's complete the 1st step - audit the implementation and then move to a higher level.
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February 13, 2014, 08:07:05 AM
 #33005

I agree. She should be sent the full source code of 0.73

What for? She already said that wouldn't check the implementation.

Didn't we want her to check the algos? Plus, send her bloodyrookie's fix, and see how that compares with the original.

Let's complete the 1st step - audit the implementation and then move to a higher level.

Is that 10 BTC offer still open?


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February 13, 2014, 08:08:13 AM
 #33006

I've just read http://www.reddit.com/r/NXT/comments/1xnxjb/transaction_malleability_hahahaha_right/ and would like to tell again, that we shouldn't rely on transaction ids. Even canonical form of a signature doesn't fix the issue coz the owner of a transaction can generate billions of canonical signatures for the same transaction.
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February 13, 2014, 08:09:12 AM
 #33007

Is that 10 BTC offer still open?

I think it is. I don't control the funds though, u should ask the community. There r 3 keepers of the unclaimed coins atm.
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February 13, 2014, 08:11:55 AM
 #33008

PROPOSAL FOR AUTOMATED GATEWAY BACKED BY NXT COMMUNITY


I wanted to get the community's feedback on having a community backed gateway for the popular cryptos, eg. BTC, DOGE, LTC, etc. Long term, I want to have fully automated DAC's, but rather than wait for the NXT VM to be completed, I want to have a way for everyone to be able to trade cryptos in a decentralized way with a minimal amount of trust required.

What I am envisioning is the community will create automated gateway code that will be open sourced and it would be run on a hardened community server. If we cant find a volunteer to code the automated gateway, then I would be willing to hire for NXT someone to write the code. I have the design pretty much worked out, even using the existing AE restrictions.

deposit BTC -> gateway -> get BTC Asset
<BTC Asset is traded via AE>
withdraw BTC Asset -> gateway -> get BTC in wallet

The above is a simplified flow and you can replace BTC with DOGE or whatever we end up supporting. While the gateway would still be a single point of failure, it would be backed by the NXT community. Trusted members would manage the hardened server(s) and I think it makes sense to have a bit of NDIC (NXT deposit insurance by community) so in case of a loss caused by failure of gateway server. I am thinking that a 100000 NXT allocation against exploding data center will give additional peace of mind for people using the gateway. No protection if your computer gets hacked, the insurance is against the gateway server failures.

Assuming the community approves and I can get a volunteer to do the coding and a volunteer to get a hardened server (or maybe add this to an existing NXT node?) we can get this in place very quickly. As long as the gateway code runs, the  deposits and withdrawals will be processed automatically. Once inside the AE, everybody can trade it knowing it can be automatically withdrawn to the real thing at any time.

This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks!

If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users. I am pretty sure DOGE can't do this!

James

Edit: Since community is paying for this, there will be no costs charged other than bare minimum protocol requires.

We suggested something like your proposal here https://bitcointalk.org/index.php?topic=453935.msg5079581#msg5079581
Our main goal is to have FIAT(EUR) - NXT gateway which probably will be done in the future. However to start the gateway we thought to have only BTC/LTC and now maybe Dodge (not added yet).
The website is not fully automated because we wanted to make sure there are minimum security risks and when its manual risks are much lower.
Our suggestion to the community is to run this simple gateway with bounties which will keep us going. The site is under proper hosting etc.. We will be in position to process assets within 12h.
I am unsure if I and Isisldur23 are trusted enough but we are willing to try this gateway.
The link to the site www.quicknxt.com

We have some more ideas about Assets which will be issued after AE is working properly and those assets hopefully will bring benefits to all of us.
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February 13, 2014, 08:12:21 AM
 #33009

nxt.org news:
the domain name nxt.org have been auctioned with 1,3537 USD recently on Sedo platform .
http://news.domain.cn/html/yumingzixun/2014/0207/31292.html

bougt by Nxt community?
sure

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
bitcoinpaul
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February 13, 2014, 08:13:10 AM
 #33010

Well, a really good cryptographer should get 10 BTC for analyzing the implementation of curve&sign in our code, yes. And some extra BTC for auditing the crypto, too. But right now, we only have 10. CIYAM, you wanted to throw in another 5BTC for what exactly?
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February 13, 2014, 08:17:25 AM
 #33011

we only have 10.
- no, we haven't. That 10BTC were paid to DoctorEvil by CfB.

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, the Next platform.  Magis quam Moneta (More than a Coin)
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February 13, 2014, 08:18:51 AM
 #33012

Well, a really good cryptographer should get 10 BTC for analyzing the implementation of curve&sign in our code, yes. And some extra BTC for auditing the crypto, too. But right now, we only have 10. CIYAM, you wanted to throw in another 5BTC for what exactly?

Audit of how we use the implementation is too much work, luckily we could do it by ourselves. DoctorEvil already did part of the work.
bitcoinpaul
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February 13, 2014, 08:23:28 AM
 #33013

So let us concentrate on implementation.

Should we get another 10 BTC from the unclaimed coins?
mcjavar
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February 13, 2014, 08:27:07 AM
 #33014

we only have 10.
- no, we haven't. That 10BTC were paid to DoctorEvil by CfB.

But someone offered 10 BTC from his own pocket.
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February 13, 2014, 08:27:56 AM
 #33015

So let us concentrate on implementation.

Should we get another 10 BTC from the unclaimed coins?

Of coz we should.
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February 13, 2014, 08:39:34 AM
 #33016

The Nxt-Vircurex-Problems are still not solved today (if you transfer Nxt to Vircurex it's missing). Informed the Custover-Service there and will keep you informed about this.
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February 13, 2014, 08:40:31 AM
 #33017

By the way: the email I just got from DGEX about the Offspring client now mentions specifically that is is (for now) closed source.

I for one am glad we now have an extra client to choose from.



Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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February 13, 2014, 08:47:07 AM
 #33018

nxt.org news:
the domain name nxt.org have been auctioned with 1,3537 USD recently on Sedo platform .
http://news.domain.cn/html/yumingzixun/2014/0207/31292.html

bougt by Nxt community?
sure
U? Wink
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February 13, 2014, 08:53:21 AM
 #33019

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.7.4

http://download.nxtcrypto.org/nxt-client-0.7.4.zip

sha256: 847c70f734a3954159af99e0241d448369d4833067076570671324946a835245


Change log:

Another bugfix in the transition to Transparent Forging, starting from
block 67000. Upgrade before this block, because there will be a fork.

This release drops support for the old getMilestoneBlockIds protocol.
Clients older than 0.7.3 will not be able to request blocks from 0.7.4
nodes. Everybody needs to upgrade to 0.7.4 anyway, before block 67000.

Some optimizations in the database queries used during unlock account,
let's see if this helps Raspberry users.

Minor other improvements.


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lead Nxt developer, gpg key id: 0x811D6940E1E4240C
Nxt blockchain platform | Ardor blockchain platform | Ignis ICO
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February 13, 2014, 09:06:05 AM
 #33020

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.7.4

http://download.nxtcrypto.org/nxt-client-0.7.4.zip

sha256: 847c70f734a3954159af99e0241d448369d4833067076570671324946a835245

Updated so fast,great works
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