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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756263 times)
jl777
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March 10, 2014, 01:31:03 AM
 #42601

OK, But should have a validation in the next versions of the client for existing accounts saying:
 
Hello asshole, you have 50,000 NXT and uses a 10-character password?
You are asking to get screwed, please create another account with a password of over 30 characters including numbers, letters and special characters and move your values or soon someone will steal you. Do not cry when it happens. You have been warned.
We are already doing this!

NxtMac currently says:
"If opening a new account, please note:
A simple passphrase will certainly result in your NXT being stolen! Do not use any phrase that appears in any printed or online material, no matter how long or obscure. A secure passphrase will be at least 35 characters long and consist of random letters, numbers, and special characters, or a meaningless combination of 10 random words."

The problem is that people dont necessarily read or understand or follow the warnings that are already there.
We probably need to make it hard for people to not create a good password.

The following generates a decent password:
openssl rand -base64 50


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March 10, 2014, 01:42:45 AM
 #42602


Hello,

I REALLY appreciate you even posting here. I don't know if I would have taken the time for that, had I taken such a loss. Over 400,000 Nxt is a big number!

To me that shows real commitment and character, and I want to thank you for that.

There is still much to be done and we all hope and work that this will be done soon. It is a real pity that people like you have to go through this...



Life has to go on, right?

I died for about 1 minute but I think that was about it.  Grin

I am sorry for your loss. Your spending 20% of your money on Nxt was a big endorsement to Nxt. You must have thought that Nxt have some potentials in the future. It could have some good marketing effects for Nxt. I hope Nxt and some big whales will give you a Marketing bounty for that.

I saw NXT's potential and bought all of them when it was 1300 Satoshi. I had a little more than this previously. So no I didn't exactly spend 20%, but it was worth 20% when I lost it.

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March 10, 2014, 01:56:05 AM
 #42603

Stefan Molyneux speaking at the recent conference. http://youtu.be/BhL1Y1lg35w

I thought that 28:30 and 33:45 had some good points that this community could apply to Nxt. I would recommend watching the whole speech.

Nxt:  NXT-5BHG-9VRE-QGW6-DRZVQ
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March 10, 2014, 02:10:33 AM
 #42604


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 will do these in testnet, but not test yet.

i got a packet with true transaction but false order, in placing bid using marcus03.crypto signing it, later will flood these wrong packet to testnet.

i will flood valid order to testnet throught peers, but peers are slowly then local NRS.

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March 10, 2014, 02:22:01 AM
 #42605

tester have any question ,please go to Asset Exchange Test thread
https://bitcointalk.org/index.php?topic=507444.new#new
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March 10, 2014, 02:41:55 AM
 #42606

NXT Funding Committee Election Certification Data

really good procedure of vote .
And thank you rickyjames, for the specific statistic and organization of vote.

 
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March 10, 2014, 02:48:58 AM
 #42607


Hello,

I REALLY appreciate you even posting here. I don't know if I would have taken the time for that, had I taken such a loss. Over 400,000 Nxt is a big number!

To me that shows real commitment and character, and I want to thank you for that.

There is still much to be done and we all hope and work that this will be done soon. It is a real pity that people like you have to go through this...



Life has to go on, right?

I died for about 1 minute but I think that was about it.  Grin

I am sorry for your loss. Your spending 20% of your money on Nxt was a big endorsement to Nxt. You must have thought that Nxt have some potentials in the future. It could have some good marketing effects for Nxt. I hope Nxt and some big whales will give you a Marketing bounty for that.

I saw NXT's potential and bought all of them when it was 1300 Satoshi. I had a little more than this previously. So no I didn't exactly spend 20%, but it was worth 20% when I lost it.

It's still a big endorsement. It's still a big loss. IMO.
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March 10, 2014, 03:14:00 AM
 #42608

Nodecoin update

I didnt see anything really magical in XPT, I think I will just do my own networking code.

I think I finally solved the problem with nodecoin having to trust what the node reports as far as forging status goes. Not much can be done about Evil Bob disabling the forging enable call and reporting that he is forging, but it seems that there is no point for him to do that. So with that caveat in mind, here is my planned allocation of nodecoins.

We want to reinforce good node behavior, so that is what I am going to use as the "mining" shares.
All nodes will report in the 20 active peers they are connected to and how much data was uploaded/downloaded since last block. This will also give us some useful info about network topology for infrastructure committee.

If a node is blacklisted or doesnt share their address, no credit. So for each block all the nodes report in the results of their peers along with their NXTacct and IP address and payout threshold, the pool server then sums up the contribution for each NXT acct as reported by peers. The blockreward then gets allocated on a prorata basis using satoshi fractions.

The server will return a packet with a listing of earned nodecoins, total nodecoins, etc. The fact that there will be NXT transactions costs to send the nodecoins is an issue. Unless there is a market for nodecoins, I think the miner will have to send in some NXT to pay for the transaction costs, then again if tx costs go to .01 it wont be a big deal and even some small donations will pay for these costs.

People can indirectly support the NXT network by bidding for nodecoins. This way you get some nodecoins and help the network at the same time. Nodecoins are earned by uploading and downloading data to peers. This seems like a pretty good metric. From what I saw in the NXT core, it selects the 20 active peers somewhat randomly, so I dont think Evil Bob can create is own set of nodes that peer each other and spam a lot of traffic, not sure.

The following are the steps left for nodecoin:
1) client: create server request packet and send to server
2) server: process client packets and allocate nodecoins, track cumulative, return packet
3) server: implement method for transferring earned nodecoins and dealing with tx fees
4) both: audit nodecoin inventory and mining output to verify conformance with Create NXTcoins parameters
5) admin: make a tool to generate a "Create NXTcoins" AM

James

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March 10, 2014, 03:48:42 AM
 #42609

Did you want some TestNxt ?
Plz send some,
TKS.
7191893623143661625

What ?
TestNxt,as you aked. Wink

 
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allwelder
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March 10, 2014, 04:03:50 AM
 #42610

Can someone explain to me how alternate currencies would benefit from this NXT integration?

The most obvious benefit is you get the Nxt *team* behind you (if you *clone* then you are *on your own*).

Also we could make a Nxt PC (parallel chain) *generator app* so that creating your own currency could be as easy as pointing and clicking.

So,these parallel block chains of Nxt can be called Nxt Blocktree?

 
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March 10, 2014, 04:27:38 AM
 #42611

So,these parallel block chains of Nxt can be called Nxt Blocktree?

No - there seems to be quite a bit of confusion about parallel chains - they are not "connected together" beyond perhaps "checkpoint" AMs being sent to the master chain.

Think of it like Bitcoin and Litecoin - so people talking about "spreading the load" across chains are actually saying that you would go to buy something with 1 BTC and say 100 LTC - personally I don't think any vendor is going to want to bother with that so such ideas are not helpful.

@ChuckOne - TF will be implemented in the main chain so you needn't care if another chain decides not to use TF as you don't need to buy any of those coins (it doesn't matter what you *think* about how someone should create a coin they are going to create one anyway if that's what they want to do).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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March 10, 2014, 05:00:50 AM
 #42612

So,these parallel block chains of Nxt can be called Nxt Blocktree?

No - there seems to be quite a bit of confusion about parallel chains - they are not "connected together" beyond perhaps "checkpoint" AMs being sent to the master chain.

Think of it like Bitcoin and Litecoin - so people talking about "spreading the load" across chains are actually saying that you would go to buy something with 1 BTC and say 100 LTC - personally I don't think any vendor is going to want to bother with that so such ideas are not helpful.

@ChuckOne - TF will be implemented in the main chain so you needn't care if another chain decides not to use TF as you don't need to buy any of those coins (it doesn't matter what you *think* about how someone should create a coin they are going to create one anyway if that's what they want to do).


what do you think of the idea of having parallel chains that draw security from the price of NXT on the main chain. so for example the hits can be derived from the main chain but the targets would be derived from hashing a value that is deterministically derived from the geneses block of the alt chain. that way it is the ownership of nxt that entitles you to author blocks on the alt chain rather than the alt chain currency while the reward for authoring blocks could be alt chain currency while at the same time insuring that its almost always a different person who gets to author the block on the main chain and the block on the alt chain.

the disadvantage is that you would have to run clients for the main chain and the alt chain at the same time inorder to author blocks on the alt chain. the advantage would come from the fact that the security of nxt is a function of the cost of buying up a significant portion of the total stake. By having the right to author all blocks on all alt chains be attained by owning stake on the main chain value resulting from legitimate utility provided by alt chains strengthens security of all chains rather than only strengthening the security to its own chain.

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?
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March 10, 2014, 05:13:19 AM
 #42613

what do you think of the idea of having parallel chains that draw security from the price of NXT on the main chain.

One of the reasons for wanting parallel chains is to address the "initial distribution problem" that has lead to clones.

So although it could be something a parallel chain could do I would not at all want that to be mandatory (in fact the parallel chain should be able to use PoW rather than PoS if it likes).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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March 10, 2014, 05:15:15 AM
 #42614

what do you think of the idea of having parallel chains that draw security from the price of NXT on the main chain.

One of the reasons for wanting parallel chains is to address the "initial distribution problem" that has lead to clones.

So although it could be something a parallel chain could do I would not at all want that to be mandatory (in fact the parallel chain should be able to use PoW rather than PoS if it likes).


oh sure. i agree there. choice is always a good thing. let the market decide. im just imagining a future where we have thousands of DAC's, each one needing its own dedicated chain, it would be nice if security could be a function of the value of all chains combined rather than relying on the security provided by their own chain in isolation.

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?
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March 10, 2014, 05:38:05 AM
 #42615

So,these parallel block chains of Nxt can be called Nxt Blocktree?

No - there seems to be quite a bit of confusion about parallel chains - they are not "connected together" beyond perhaps "checkpoint" AMs being sent to the master chain.

Think of it like Bitcoin and Litecoin - so people talking about "spreading the load" across chains are actually saying that you would go to buy something with 1 BTC and say 100 LTC - personally I don't think any vendor is going to want to bother with that so such ideas are not helpful.

@ChuckOne - TF will be implemented in the main chain so you needn't care if another chain decides not to use TF as you don't need to buy any of those coins (it doesn't matter what you *think* about how someone should create a coin they are going to create one anyway if that's what they want to do).


All of the parallel blockchains can be backed by NXT directly, according to cfb.

BTC and LTC is not a fair comparison. Mining power used to secure BTC cannot be used to secure LTC, for example. In NXT, anyone can support X number of chains simultaneously. It also makes more sense if you think of parallel chains on a more global scale. RMB is not useless because USD is the dominant currency accepted by most vendors, it has its uses within it's sphere of influence. The same with parallel chains - these chains will not likely be straight up clones of NXT (although that is allowed), but they may be tied to a certain market or geographical location.

EDIT: The question also remains as to why we need a single 1000 TPS chain. If I'm going to China, it's really not much trouble to spend 1 NXT to convert any amount of NXTUSA to NXTChina. Why does everyone have to process transactions they are completely unconcerned about (besides profitability, which I mentioned in a previous post) and suffer all the disadvantages (high-bandwidth, bloat, etc.) Let the market forces decide, and all the chains will be secured just as much as they need to be.

NXT: 13095091276527367030
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March 10, 2014, 05:43:25 AM
 #42616

All of the parallel blockchains can be backed by NXT directly, according to cfb.

They can be but they shouldn't have to be is the point that is being made here.

Understand that the whole reason to say have a China chain is because they won't be able to work with the main chain at decent speeds because of the GCF (so of course they wouldn't want their chain being dependent upon the stake holders in the main chain).

In regards to the main chain being fast - that is what TF is all about and that is the very point of "the plan". It makes less sense to me for the main chain to be the slower one.

BTW - these same conversations just keep going in pointless circles every day.

Personally I think we just "stick with the plan" and get on with it (otherwise you guys will still be debating in 2015 about what to do by which time Nxt will be irrelevant).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
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March 10, 2014, 06:14:20 AM
 #42617

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?
you can also come here for help.
https://bitcointalk.org/index.php?topic=507444

 
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March 10, 2014, 06:15:53 AM
 #42618

Proposed limit to forging power aims to avoid pool centralization.

Agreed - but if it wasn't "in the plan" then I don't care if we do it or not.

I think we have shown that it is *impossible* for the people in this topic to ever come to a consensus about anything at all (and perhaps a few of you actually work for Ethereum to ensure exactly that).

I am willing to say "let's just go with the plan" (because it is obvious that we'll never work out another plan).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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March 10, 2014, 06:18:29 AM
 #42619

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
sounds very useful for the escrow service.
question is the escrow is automatic or need gateway to release/return the money?

 
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March 10, 2014, 06:21:11 AM
Last edit: March 10, 2014, 06:44:40 AM by Fatih87SK
 #42620

Hi!

I understand we will have a password generator etc. on our wallets.

That's good.

I was thinking what could go wrong when we finish that. The only thing that comes in my mind is that people can forget to save their password that is generated by the client.

So. We have to warn people that the password is very important.

The reason they will forget is that NXT is new. People never had to save their password on other crypto. They just open and close the wallet and everything goes automatically.

This could be the next drama.

But if we partially save the password and the users just have to remember a Pin code. There will be no problems.

Just sayin'

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