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apenzl
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February 20, 2014, 01:27:31 AM |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Zahlen
Member
 Offline
Activity: 98
Merit: 10
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February 20, 2014, 01:33:40 AM |
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is there anything that could be done to nxt to prevent high frequency trading? or would it not be possible anyway? just watching this http://documentary.net/wall-street-code-high-speed-trading/ and started thinking if nxt or any other crypto really did get mass adopted and wall street moved in.. they would just syphon off coins left right and centre... they may have allot of money to put into crypto.. but would you really want it there? Traders within the Nxt network would still be limited by the block generation interval ("exactly" 60 secs when TF is first activated, this will decrease in future as infrastructure improves). They can't act on any information gained from one block until the next one. But if they manage to set up some kind of proxy trading system outside of Nxt, and can all agree to just register the result within the Nxt network just in time for block generation... Normally I'd say this kind of cooperation collusion is paranoid thinking, but then a lot of the big$ nowadays seem to be in league with each other, behind govt shields and taxpayer $. |
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SongsofLove
Newbie
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Activity: 4
Merit: 0
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February 20, 2014, 01:40:34 AM |
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The Songs of Love Foundation has a global reach as we have helped children all across the world and have written songs in 30 different languages. When children are critically ill the only thing they want is something to make them feel good for the moment. Our songs have done that in a very powerful and unique way. When nothing else has helped, many time the songs have been the most effective in bringing much needed smiles to the faces of sick children. The thousands of letters we have received can attest to this. Take a look at our appearance on one of the most prestigious shows called 60 Minutes with Dan Rather. www.songsoflove.org/60minutes. There are many global charities doing amazing things out there. Songs of Love stands alone in the world with the kind of service we provide. We are totally unique just like Nxt is in the cryptocurrency world. This is what make this a great fit. Thanks again all for your support! John Beltzer |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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February 20, 2014, 01:41:14 AM |
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I'm happy to announce that TwinWinNerD has just bought some of my lovely stickers.
Yay!
77 NXT for 5 stickers+postage, its a bargain.
Which made me think: Is this transaction the first time someone has purchased a physical item in exchange for NXT ?
I can't believe no-one has done it before us, but I don't remember seeing anything earlier on in this thread.
sorry, there were some video game sales a while back |
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Zahlen
Member
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Activity: 98
Merit: 10
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February 20, 2014, 01:41:45 AM |
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I'm happy to announce that TwinWinNerD has just bought some of my lovely stickers.
Yay!
77 NXT for 5 stickers+postage, its a bargain.
Which made me think: Is this transaction the first time someone has purchased a physical item in exchange for NXT ?
I can't believe no-one has done it before us, but I don't remember seeing anything earlier on in this thread.
I remember reading jefdiesel runs a pizza restaurant? Why wasn't this our first purchase? We could do it via AE: jef issues Base Regular, Base Large pizza etc. tokens, and Ham, Olives, Green Peppers, etc topping tokens and Thin Crust, Extra Cheese etc option tokens. A pizza-loving nxter customizes and picks up his Compound Pizza Token through the AE, sends jef an AM, and jef delivers. The world's first pizza sold for crypto$ through an AE! (Worldwide delivery within 60 mins, piping hot or a 2nd pizza free  ) We should have a mechanism for grouping option tokens like this. |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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February 20, 2014, 01:45:05 AM |
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For the record, bitcoin rawtransactions are a REAL pain! No wonder there isnt much support for it...
I might have to calculate a historical record of all unspent inputs (or is it outputs)
NXT is so much easier to program for!!
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Eadeqa
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February 20, 2014, 01:47:35 AM |
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Can someone send me links to any secure online Nxt wallets available? Working with a couple exchanges to add Nxt and want to make it easy for their end users. Thanks.
please define secure in online. maybe: https://wallet.mynxt.info/I can provide information about the security of the wallet if necessary. Okay, please provide. In short: 1) Nxt Account Private Keys are 50 chars randomly generated by cryptographic standard algorithm 2) Keys are AES 256 encrypted twice. One time using a site-wide private AES key and one time using the user's salted password. 3) Only SSL is allowed through the site If an attacker ever gets on hold of my database, they won't be able to decrypt the account private keys without having both the user password AND the site-wide AES private key. No system is 100% safe, we all know this. But I think this wallet is much safer than simply using brain wallets (as it is today). Humans are not very good in creating and then storing truly random passwords. Sounds pretty good. The only issue is trust involving you. |
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swartzfeger
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February 20, 2014, 02:15:19 AM |
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Does anyone have a few testNXT? I'm out and need to test a few things.
11369639962571180006
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EvilDave
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February 20, 2014, 02:17:38 AM |
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I'm happy to announce that TwinWinNerD has just bought some of my lovely stickers.
Yay!
77 NXT for 5 stickers+postage, its a bargain.
Which made me think: Is this transaction the first time someone has purchased a physical item in exchange for NXT ?
I can't believe no-one has done it before us, but I don't remember seeing anything earlier on in this thread.
sorry, there were some video game sales a while back Quick search mode.....aha: https://bitcointalk.org/index.php?topic=464003.msg5127218#msg5127218Punkrock selling keys for BF4.....does a video game key count? And did he get NXT for them? I still claim TwinWinNerD and myself for the first physical item transaction......we need to figure this out for the NXT history books. Yesterday seems so far away: Nice one, apenzl. Many +1s. |
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btc2nxt
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February 20, 2014, 02:33:59 AM |
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Can someone send me links to any secure online Nxt wallets available? Working with a couple exchanges to add Nxt and want to make it easy for their end users. Thanks.
please define secure in online. maybe: https://wallet.mynxt.info/I can provide information about the security of the wallet if necessary. Okay, please provide. In short: 1) Nxt Account Private Keys are 50 chars randomly generated by cryptographic standard algorithm 2) Keys are AES 256 encrypted twice. One time using a site-wide private AES key and one time using the user's salted password. 3) Only SSL is allowed through the site If an attacker ever gets on hold of my database, they won't be able to decrypt the account private keys without having both the user password AND the site-wide AES private key. No system is 100% safe, we all know this. But I think this wallet is much safer than simply using brain wallets (as it is today). Humans are not very good in creating and then storing truly random passwords. i coded a simple brain wallet shuffle 3 simple easy rememebered strings into a secret phrase. strings like: BTC address a long english sentence telphone number shuffle control string, like 0123456789 0: one by one insert, 1: one by 2 insert. the control string different ,the shuffle is different. how to generate a secret phrase by shuffle. 1 get a long string by shuffle 3 short strings. 2. every bytes +100 , to another string 3.loop to 104, get 6 times long the source string,let say is SA. 4. SA + password =secret phrase |
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Eadeqa
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February 20, 2014, 02:38:41 AM |
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Can someone send me links to any secure online Nxt wallets available? Working with a couple exchanges to add Nxt and want to make it easy for their end users. Thanks.
please define secure in online. maybe: https://wallet.mynxt.info/I can provide information about the security of the wallet if necessary. Okay, please provide. In short: 1) Nxt Account Private Keys are 50 chars randomly generated by cryptographic standard algorithm 2) Keys are AES 256 encrypted twice. One time using a site-wide private AES key and one time using the user's salted password. 3) Only SSL is allowed through the site If an attacker ever gets on hold of my database, they won't be able to decrypt the account private keys without having both the user password AND the site-wide AES private key. No system is 100% safe, we all know this. But I think this wallet is much safer than simply using brain wallets (as it is today). Humans are not very good in creating and then storing truly random passwords. i coded a simple brain wallet shuffle 3 simple easy rememebered strings into a secret phrase. strings like: BTC address a long english sentence telphone number shuffle control string, like 0123456789 0: one by one insert, 1: one by 2 insert. the control string different ,the shuffle is different. how to generate a secret phrase by shuffle. 1 get a long string by shuffle 3 short strings. 2. every bytes +100 , to another string 3.loop to 104, get 6 times long the source string,let say is SA. 4. SA + password =secret phrase Why? What's the point? BTC address (that's mot easy to remember) a long english sentence telphone number |
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iruu
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February 20, 2014, 02:44:31 AM |
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ANNOUNCEMENT! Asset Exchange is a great tool, but will not succeed without service providers. The most important question is… How to get legal FIAT out of the IPO?Let me explain the IPO process using Nxt´s Asset Exchange through our example:We have a limited liability company (ltd) in Austria with financial reports for the last two years which is accessible online. The owners are known; we will try to provide a reasonable business plan and are ready to attend Q&A sessions so we can wave away all doubts. We are planning to pay dividends regularly to our investors depending of income. We are not a startup, but for this project, we will need another office, new developers, and a lot of things related to the daily job which we can´t (yet) pay with Bitcoin or Nxt, so we will definitively need FIAT to make those purchases. We need legal FIAT that the company can spend. I am pretty sure that after the story with Visacoin (and all the other scammers) most of us will only invest in companies/projects of well-known community members, where the transparency is given, so you know whom you are lending your money. And they will also need a gateway to get legal FIAT out of the IPO. I decided to consult a tax advisor, a business consultant and a professional offshore consultant to get an overview about the possibilities. And I am more than thrilled about the news I got.  My offer:There are several ways for a company to get FIAT out of crypto, paying only a reasonable amount of tax. But all the ways are going through a special company (with special license) that is made for this purpose. There are professionals who know how to set things up in a LEGAL way, without risks. Sure, we need to pay (a reasonable amount of) taxes, but for that, we can have a good night´s sleep without the risk of getting busted for money laundering, tax evasion or something similar. We can have our own company, earn money by charging handling and transaction fees, AND help the community to grow and evolve. I am looking for a well-known community member to team up with to found this special company. I am a member of the community since the end of November and am ready to meet in person, wherever we can arrange it. This is a big opportunity, I think, but I can´t do it alone. I need someone to brainstorm with, to share the ideas, the work, the responsibility, the win and of course the risk of this investment. Setting up a company (anonymously, so our name will not be linked to it) will cost 15 000 Euro (around 33 BTC or 350 000 Nxt) INCLUDING all costs for setting up the company in the Seychelles, all the consultants fees, and all other connected costs for the first year. From the second year on, the maintenance costs will be around 6000 Euro + an annual turnover tax of 1.5%. Setting up the same company not anonymously would cost 10 000 Euro. We will be able to help to convert crypto to FIAT, and also to pay the dividends (in a legal way in FIAT) to the investors through our company if the startup doesn´t want to bother with this. Something similar to what Havelock Investment is doing, except, that we will not look for projects and attract investors, as this will be done using Nxt´s Asset Exchange. We step in once the funding was successful and the desired amount of investment was raised by the community. I´ve already spent around 500 Euros on consulting with the above mentioned guys, so I am very serious about this, but will not start the project alone, just to make this clear. I will be in Moscow this Friday till Monday and will be in New York in the end of March if someone would like to discuss this in person. Anonymous Seychelles company for 15k €? Why anonymous? And why 15k €? You can open it online for about $1k. The government annual fee for a CSL is just $200, the rest of that 6000 € is your consultant's profit Just create a ltd in some country without vat on cryptocurrencies (like Hong Kong, or even Germany I think) and that's it. Still, I don't see the reason for an existing company to not just use an existing bitcoin exchange to get money out of ipo, unless it's actually illegal in its country (China?). |
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rickyjames
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February 20, 2014, 02:46:26 AM
Last edit: February 20, 2014, 03:11:34 AM by rickyjames |
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What happens to the objected one? If no concensus committee has to vote (voting system tbd, non gameable voting system) Woah, woah, woah. I want to call a time out here for a few pages. I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY. The infrastructure spending thread has been open for all of about 36 hours. Already we've got 9 projects in the queue and only 23 posts in the thread - less than 3 per project. There is NO WAY we have given the proper amount of deliberation to what is being proposed here. And a vote is being called for already if we haven't achieved agreement as a committee? Um...what's wrong with this picture? I am a big believer in spreadsheets to collect all the data in one place and if ever there was a need for them, it's right now. We need to generate a standard spreadsheet listing who is asking, what their project is, how much they want, and a link to a thread that talks about their individual project. Just for starters. We need to establish a rule that nobody gets a vote on their project for at least a week after they've proposed it to avoid the exact kind of rush to judgement that is happening here. I would personally prefer at least two weeks, but I don't want anybody to think I'm TOTALLY crazy... I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5? Instead it's just put your name down as a candidate and you're in? On as many committees as you want? So how is voting for funding going to work in a group of people like THAT? Hey, I'm all for rapid progress but we've got to establish some kind of initial setup and standards here and PACE OURSELVES FOR THE LONG GAME or this bounty of NXT is going to be gone in a FLASH. I say forget about voting NXT out of the treasury for at least a few more days and lets go back to setting up the committees themselves and the "paperwork" that defines the process we are about to embark upon.. |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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February 20, 2014, 02:50:54 AM |
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What happens to the objected one? If no concensus committee has to vote (voting system tbd, non gameable voting system) Woah, woah, woah. I want to call a time out here for a few pages. I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY. The infrastructure spending thread has been open for all of about 36 hours. Already we've got 9 projects in the queue and only 23 posts in the thread - less than 3 per project. There is NO WAY we have given the proper amount of deliberation to what is being proposed here. And a vote is being called for already if we haven't achieved agreement as a committee? Um...what's wrong with this picture? I am a big believer in spreadsheets to collect all the data in one place and if ever there was a need for them, it's right now. We need to generate a standard spreadsheet listing who is asking, what their project is, how much they want, and a link to a thread that talks about their individual project. Just for starters. We need to establish a rule that nobody gets a vote on their project for at least a week after they've proposed it to avoid the exact kind of rush to judgement that is happening here. I would personally prefer at least two weeks, but I don't want anybody to think I'm TOTALLY crazy... I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5? Instead it's just put your name down as a candidate and you're in? On as many committees as you want? So how is voting for funding going to work in a group of people like THAT? Hey, I'm all for rapid progress but we've got to establish some kind of initial setup and standards here and PACE OURSELVES FOR THE LONG GAME or this bounty of NXT is going to be gone in a FLASH. I say forget about voting NXT out of the treasury for at least a few more days and lets go back to setting up the committees themselves and the "paperwork" that defines the process we are about to embark upon.. I agree. Please make sure we get sane processes for all this. I'm deep into bitcoin multisig. James |
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VanBreuk
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February 20, 2014, 02:56:07 AM |
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What happens to the objected one? If no concensus committee has to vote (voting system tbd, non gameable voting system) Woah, woah, woah. I want to call a time out here for a few pages. I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY. The infrastructure spending thread has been open for all of about 36 hours. Already we've got 9 projects in the queue and only 23 posts in the thread - less than 3 per project. There is NO WAY we have given the proper amount of deliberation to what is being proposed here. And a vote is being called for already if we haven't achieved agreement as a committee? Um...what's wrong with this picture? I am a big believer in spreadsheets to collect all the data in one place and if ever there was a need for them, it's right now. We need to generate a standard spreadsheet listing who is asking, what their project is, how much they want, and a link to a thread that talks about their individual project. Just for starters. We need to establish a rule that nobody gets a vote on their project for at least a week after they've proposed it to avoid the exact kind of rush to judgement that is happening here. I would personally prefer at least two weeks, but I don't want anybody to think I'm TOTALLY crazy... I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5? Instead it's just put your name down as a candidate and you're in? On as many committees as you want? So how is voting for funding going to work in a group of people like THAT? Hey, I'm all for rapid progress but we've got to establish some kind of initial setup and standards here and PACE OURSELVES FOR THE LONG GAME or this bounty of NXT is going to be gone in a FLASH. I say forget about voting NXT out of the treasury for at least a few more days and lets go back to setting up the committees themselves and the "paperwork" that defines the process we are about to embark upon.. Agreed, somehow I assumed the debates in progress had no actual executive power. So first things first, what about opening a new spreadsheet where members volunteering/applying for the committees can enter their profile in a comment field? Then set polls. |
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hisun
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February 20, 2014, 03:02:33 AM |
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updated to 0.7.6! working well |
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rickyjames
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February 20, 2014, 03:12:43 AM
Last edit: February 20, 2014, 04:07:02 AM by rickyjames |
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update committee boards:
NXTinfrastructure board: 9 projects ----> 1 validated, 7 non objected, 1 objected
If no objection by tommorrow first project "payment modules for the main open source ecommerce and CMS systems" project leader Damelon, will receive 50K from the infrastructure unclaimed coins fund.
Having made a general expression of dismay a few posts back, let me zoom in here a little. Pin, I like you and we see eye to eye on a lot of things and I applaud your initative and these committees can probably use a Trail Boss and you might very well be the right person for that task. But I gotta call it like I see it. And one guy who has not been voted in to be a leader just cannot make statements like "If no objection by tommorrow first project XYZ will receive 50K from the infrastructure unclaimed coins fund." and "If no concensus committee has to vote" when the committee hasn't even had time to say boo to each other yet. I haven't gotten involved yet because I thought we were still in some kind of phase where people were still putting their names in to APPLY for the committee. Somehow I missed the memo that we've got the tach redlined while we're screaming down the freeway of love in a pink Cadillac. So I'm gonna say two things and shut up. I hereby vote no on every single infrastructure project until I see its details on a spreadsheet line. And I'm gonna go off and create that spreadsheet right now. I'll be back with the links. |
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CoinTropolis_JustaBitTime
Member
Offline
Activity: 98
Merit: 10
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February 20, 2014, 03:43:24 AM |
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Dev Response RequestedAs I've mentioned prior, CoinPayments is working on adding Nxt to their offering. Please help me address this question: "I've been working on NXT some more today and looking at this page http://wiki.nxtcrypto.org/wiki/Handling_deposits it sounds like transactions aren't really "safe" and can disappear until they get 720 confirms (~12 hours). Is that right?"
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btc2nxt
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February 20, 2014, 03:57:46 AM |
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Why? What's the point?
BTC address (that's mot easy to remember)
a long english sentence
telphone number
have a easy rememebered and strong secret phrase. |
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Pouncer
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February 20, 2014, 03:58:35 AM |
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What happens to the objected one? If no concensus committee has to vote (voting system tbd, non gameable voting system) Woah, woah, woah. I want to call a time out here for a few pages. I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY. The infrastructure spending thread has been open for all of about 36 hours. Already we've got 9 projects in the queue and only 23 posts in the thread - less than 3 per project. There is NO WAY we have given the proper amount of deliberation to what is being proposed here. And a vote is being called for already if we haven't achieved agreement as a committee? Um...what's wrong with this picture? I am a big believer in spreadsheets to collect all the data in one place and if ever there was a need for them, it's right now. We need to generate a standard spreadsheet listing who is asking, what their project is, how much they want, and a link to a thread that talks about their individual project. Just for starters. We need to establish a rule that nobody gets a vote on their project for at least a week after they've proposed it to avoid the exact kind of rush to judgement that is happening here. I would personally prefer at least two weeks, but I don't want anybody to think I'm TOTALLY crazy... I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5? Instead it's just put your name down as a candidate and you're in? On as many committees as you want? So how is voting for funding going to work in a group of people like THAT? Hey, I'm all for rapid progress but we've got to establish some kind of initial setup and standards here and PACE OURSELVES FOR THE LONG GAME or this bounty of NXT is going to be gone in a FLASH. I say forget about voting NXT out of the treasury for at least a few more days and lets go back to setting up the committees themselves and the "paperwork" that defines the process we are about to embark upon.. Agreed, somehow I assumed the debates in progress had no actual executive power. So first things first, what about opening a new spreadsheet where members volunteering/applying for the committees can enter their profile in a comment field? Then set polls. Having made a general expression of dismay a few posts back, let me zoom in here a little. Pin, I like you and we see eye to eye on a lot of things and I applaud your initative and these committees can probably use a Trail Boss and you might very well be the right person for that task. But I gotta call it like I see it. And one guy who has not been voted in to be a leader just cannot make statements like "If no objection by tommorrow first project XYZ will receive 50K from the infrastructure unclaimed coins fund." and "If no concensus committee has to vote" when the committee hasn't even had time to say boo to each other yet. I haven't gotten involved yet because I thought we were still in some kind of phase where people were still putting their names in to APPLY for the committee. Somehow I missed the memo that we've got the tach redlined while we're screaming down the freeway of love in a pink Cadillac. So I'm gonna say two things and shut up. I hereby vote no on every single infrastructure project until I see its details on a spreadsheet line. And I'm gonna go off and create that spreadsheet right now. I'll be back with the links. The community must come to a concensus as to who is the person authorized to request the treasurers to make a spending transaction. Each treasurer should "take orders" from one person only, and ideally it should be a different person for each fund/treasurer. |
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