NXT :: descendant of Bitcoin - Updated Information

[jl777]

1- After buying an asset,i saw the option to transfer it to someone.But in there,there is no option to charge any Nxt for it.

So if i want to sell a determined asset,to someone i know,and fix the price privately,do i have to put it in the general AE(risking someone else buys it),or can it be done privately somehow?

I miss in the transfer window,somewhere to put for how much Nxt i want to send it to that account(optional).Or am i missing something?

You're not missing anything, the transfer feature is just that. Transfer. No money involved by default. There's the "referencedTransaction" parameter (wesleyh's client doesn't show it), but I can't think of a way to atomically involve it with another transaction.

What you're asking would be a nice feature, actually. Anyone care to comment on this?

I am planning on implementing a gateway Escrow function that will perform automatic escrow for private transfers. That is why I asked for a comment field in asset transfer.

The easiest would be to specify in the comment that X amount of NXT needs to be received from buyer's acct #. Then the Escrow just waits to see that transaction in the blockchain and transfers the asset to the buyer. There would need to be an expiration time so you get back the assets if buyer doesnt pay.

If send money also has a comment field, it can also go the other way. buyer would send money to the Escrow with details of assetid and amount that needs to be recieved. When the blockchain shows such transfer has happened, the Escrow releases the funds.

In both cases, the other party will see the transaction sent to the Escrow along with comments.
Even without the comment field, I can implement this using AM. The transaction details are broadcast via AM, then the asset (or NXT) is transfered to Escrow. This will work with existing NXT core, but adds a block delay and also creates the need for Escrow to match up transactions sent to it with the details about it being separate. Much better to bundled them together.

James

[1713471647]

1713471647

[1713471647]

1713471647

[Meizirkki]

Can someone answer,at least to say it is irrelevant pls??


1- After buying an asset,i saw the option to transfer it to someone.But in there,there is no option to charge any Nxt for it.

So if i want to sell a determined asset,to someone i know,and fix the price privately,do i have to put it in the general AE(risking someone else buys it),or can it be done privately somehow?

I miss in the transfer window,somewhere to put for how much Nxt i want to send it to that account(optional).Or am i missing something?

Currently not supported, but a very good option to have!

+1

[Jerical13]

Jerical13: there is a thief who constanlty steals all money from accounts with small passwors. Last time he stole 400k. Then he decided to send 8k to his bter account.

I am not trying to say Bter stole his NXT, Just saying that is the account that it was sent to.

This is a theft:
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=12487990265168268306

This is a transfer from thief to thief's bter account:
http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=16008072182082292298

And now back to the wikipedia article..

O.K. No argument with that.

But the guy who says his NXT was stolen, says his stolen NXT was sent to this account number-10715382765594435905.

Bter has this account number-10715382765594435905

These account numbers are the same.

Not trying to start a debate or argument, I just happened to notice this and thought it may help.

[brooklynbtc]

I didn't checked yet. For sure I bought two. In worst scenario, I will own 4 .

Why 4?

NSFW http://s6.pikabu.ru/images/big_size_comm/2014-02_3/13923014986204.png

Reminds me of a bartender joke. Breasts are like Martinis, One is not enough, three is too many

[Fern]

wesleys client:

Is there any way to display also the forging transactions like in NRS?

Yes, will add this later on.

Wesleyh, I understand your client is going to be the official client that will replace NRS at nxtcrypto.org this week.
About passwords: It might be included already, but it is obvious we need something like a series of prompts to make sure new users use a long password.
And simple install instructions at the nxtcrypto.org download location.

What has to be done to make this happen? Are plans in place to achieve this over the next few days?

[marek3ball]

I didn't checked yet. For sure I bought two. In worst scenario, I will own 4 .

Why 4?

NSFW http://s6.pikabu.ru/images/big_size_comm/2014-02_3/13923014986204.png

After Asset Exchange launch, what will be #1 example I could buy there? Coins, I know. Shares of some startup firm?

[bidji29]

btw expect another 500k wall on bter, our mysterious donator sent another 500k to bter:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10764010510447896395

he can do it only 23x now

What do you mean by "mysterious donator"?
How much did he donate?

[brooklynbtc]

I didn't checked yet. For sure I bought two. In worst scenario, I will own 4 .

Why 4?

NSFW http://s6.pikabu.ru/images/big_size_comm/2014-02_3/13923014986204.png

.

After launch Asset Exchange, what will be #1 example I could buy there? Coins, I know. Shares of some startup firm?

Nxt Mobile Application Company NMAC will be listed, and watch out for more..

[marek3ball]

Nxt Mobile Application Company NMAC will be listed, and watch out for more..

Then I could buy NMAC shares and it will be only place where they will sell their shares?

I suppose Google shares will not be there . As I think about it, I have no idea how it will work.

[bitcoincodes]

Hello just a few Questions from a Complete NXT beginner...
First. I am sure verry much Newbies ask on that, but i could'nt find anything on the Internet about it.
What the Hell ist this Adress?

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1739068987193023818

ACCOUNT:   1739068987193023818
Balance Total:   -999,997,096 NXT

Second. Do NXT use the same system of Private and Public Keys like Bitcoins?

[rdanneskjoldr]

Wesleyh, I understand your client is going to be the official client that will replace NRS at nxtcrypto.org this week.
About passwords: It might be included already, but it is obvious we need something like a series of prompts to make sure new users use a long password.
And simple install instructions at the nxtcrypto.org download location.

What has to be done to make this happen? Are plans in place to achieve this over the next few days?

Could something like this to know-how to generate the password be interesting?I think it is secure and makes it comfortable to have huge passwords without having to remember it or copy it from somewhere.And if it is possible,those generated passwords,to be  a minimum of 60 digits or whatever. I am not a programmer so i dont know what could be done.
Maybe if it had it optional,it could be a nice feature.

I found this app,from a tweet of Antonopoulos,so it must be legit and interesting.I tried it and loved it.

http://braincontrol.me/
http://betanomics.asia/blog/store-and-send-bitcoin-directly-from-your-brain-using-braincontrol


You just put an account name, a passphrase(15 characters min recommended), an extra salt, and a pin, which could be easy to remember for everyone.

BrainControl ultimately uses the following function to determenistically generate the necessary keys at the precise time required to perform any sensitive functionality such as send or backing-up:

Code:

<script>
var keys = btc.keys(Crypto.SHA256(salt+url+Crypto.SHA256(username+password+pin)));
</script>

Essentially, we combine the device salt, the URL of the web application, the account name / label of the wallet, a passphrase and an optional six digit identification number to create a fairly impenetrable system for storing Bitcoin.

[bitcoincodes]

https://forums.nxtcrypto.org/faq.php

Didnt get it..

[Damelon]

I didn't checked yet. For sure I bought two. In worst scenario, I will own 4 .

Why 4?

NSFW http://s6.pikabu.ru/images/big_size_comm/2014-02_3/13923014986204.png

After Asset Exchange launch, what will be #1 example I could buy there? Coins, I know. Shares of some startup firm?

What?
Half an hour and no one made a "firm startup" joke?

I'm appalled!

(I'm taking the night off of being serious, so it's allowed)

[DrearyUrbanite]

https://forums.nxtcrypto.org/faq.php

Didnt get it..

Sorry about that - the account is the Genesis Account

more about NXT here - http://wiki.nxtcrypto.org/wiki/FAQ

[bidji29]

I don't think the official client should let people generate their password by default.

It should be like with Bitcoin, because people are used to that.  "NXT = Account/password" -  "BTC = PublicKey/Privatekey"


When people first open the client an account is automatically generated and people can receive coin immediatly . The password is saved in a "wallet.dat" equivalent. The user doesn't have to know it unless he search for it.

More advanced users could still create their own password and deactivate the wallet.dat creation for a real brainwallet.

But i think if we want a mass adoption, it need to be extremely easy to use.
The first step to mass adoption is adoption by the bitcoin crowd and those people are used to the wallet.dat. For those people, a wallet.dat is far more secure than a choosen password ( one guy just lose 400k NXT because he used a 8char password)



EDIT : In this thread there is a lot of very skilled people, very tech-savy, programmers, etc...So the discussion tend to revolve around those persons and their needs
Normal user/noob don't post here, so they are easily forgotten. But we shouldn't forgot that at the end of the day, they are the one that NXT need to convince. And for that, it need to be extremely easy to use !

[bitcoincodes]

I don't think the official client should let people generate their password by default.

It should be like with Bitcoin, because people are used to that.  "NXT = Account/password" -  "BTC = PublicKey/Privatekey"


When people first open the client an account is automatically generated and people can receive coin immeditaly . The password is saved in a "wallet.dat" equivalent. The user doesn't have to know it unless he search for it.

More advanced users could still create their own password and deactivate the wallet.dat creation for a real brainwallet.

But i think if we want a mass adoption, it need to be extremely easy to use.
The first step to mass adoption is adoption by the bitcoin crowd and those people are used to the wallet.dat. For those people, a wallet.dat is far more secure than a choosen password ( one guy just lose 400k NXT because he used a 8char password)

+1
I think the same!
This is a silly idea to let a person choose his own bank account pin!

[antanst]

Has anybody tested NRS against an application-level DOS/DDOS attack?

Stuff like this?:
* Flood 7874 with garbage packets from 1-N peers.
* Flood 7874 with valid NRS packets, but invalid transaction signatures.
* more?

I've tried to flood NRS in port 7876 (the API port). The DDOS filter worked pretty well, most commands were ignored.

[rickyjames]

He has 2100 followers...

https://i.imgur.com/fud4JGC.jpg

We know that a weak password is the user's responsibility, but it's also true that the current base client is not user friendly in that sense, at all. Regardless, in this case, contacting @onemanatatime, finding the related blockchain information and trying to perhaps partially or fully compensate the leeching would be a VERY smart PR move.

Edit: I just saw the amounts. 400K+. I'm sorry for him, but buying and transferring that amount without doing your homework is beyond reckless.

  

I agree his actions are beyond reckless, but HIS ACTIONS ARE KILLING NXT.  When one guy loses 20% of his portfolio on NXT due to poor password security and tweets it out to *** 2100 *** followers, WE JUST LOST 2100 PEOPLE WHO WON'T TOUCH NXT NOW. 

THIS IS A DISASTER.

WE COULD HAVE AVOIDED THIS DISASTER  IF WE HAD IMPLEMENTED INTEGRATED AUTOMATIC STRONG PASSWORD GENERATION IN ALL CLIENTS A MONTH AGO.

ARE WE IN AGREEMENT TO IMPLEMENT IT ACROSS THE BOARD NOW?

[marcus03]

He has 2100 followers...

https://i.imgur.com/fud4JGC.jpg

We know that a weak password is the user's responsibility, but it's also true that the current base client is not user friendly in that sense, at all. Regardless, in this case, contacting @onemanatatime, finding the related blockchain information and trying to perhaps partially or fully compensate the leeching would be a VERY smart PR move.

Edit: I just saw the amounts. 400K+. I'm sorry for him, but buying and transferring that amount without doing your homework is beyond reckless.

  

I agree his actions are beyond reckless, but HIS ACTIONS ARE KILLING NXT.  When one guy loses 20% of his portfolio on NXT due to poor password security and tweets it out to *** 2100 *** followers, WE JUST LOST 2100 PEOPLE WHO WON'T TOUCH NXT NOW. 

THIS IS A DISASTER.

WE COULD HAVE AVOIDED THIS DISASTER  IF WE HAD IMPLEMENTED INTEGRATED AUTOMATIC STRONG PASSWORD GENERATION IN ALL CLIENTS A MONTH AGO.

ARE WE IN AGREEMENT TO IMPLEMENT IT ACROSS THE BOARD NOW?

Acknowledged. And implemented in my client since you can actually create a new account with it.

[Come-from-Beyond]

I agree his actions are beyond reckless, but HIS ACTIONS ARE KILLING NXT.  When one guy loses 20% of his portfolio on NXT due to poor password security and tweets it out to *** 2100 *** followers, WE JUST LOST 2100 PEOPLE WHO WON'T TOUCH NXT NOW. 

THIS IS A DISASTER.

WE COULD HAVE AVOIDED THIS DISASTER  IF WE HAD IMPLEMENTED INTEGRATED AUTOMATIC STRONG PASSWORD GENERATION IN ALL CLIENTS A MONTH AGO.

ARE WE IN AGREEMENT TO IMPLEMENT IT ACROSS THE BOARD NOW?

There is no such thing as bad publicity