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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1980400 times)
cypherdoc
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July 07, 2014, 01:20:31 AM
 #9221

Bitcoin and alts diverging again.  just look at Litecoin and Ripple:

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kodtycoon
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July 07, 2014, 01:23:56 AM
 #9222

from the NXT homepage:

"The difference between the Nxt Brain Wallet and Bitcoin is there is no automated generation of your passphrase/private key and there is no wallet.dat-like file. A Bitcoin private key still can be bruteforced without access to created wallet.dat file."

who's desperate?  that is blatant false advertising.

but thats true? a private key is a string of characters yes? why can a string of characters not be brute forced the same as brain wallets? theres no difference. a seed password for an electrum wallet can be brute forced, its just harder the longer the passphrase is, same goes for nxt passphrases. stop spreading fud.

i read that sentence several times and it's referring to private keys generated in a wallet.dat.  private keys in the Bitcoin-qt wallet are randomly generated 2256 integers that then are used to create 2256 public keys via ECDLP.  then the public key gets sequentially hashed via sha256 and then ripemd160 creating an address with 2160 bits of security.  these are not brute forceable by any known means in any feasible timeframe.

yes, NXT is spreading FUD.

im guna do something that few people do on this forum and admit that i could be/probably am wrong about bruteforcing private keys. but the tech behind nxt still stands and if some misinformation on a website is the only argument you can come up with against nxt as a technology, i see that as progress.

can you link to where it says that about brute forcing private keys?

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July 07, 2014, 01:30:17 AM
 #9223

from the NXT homepage:

"The difference between the Nxt Brain Wallet and Bitcoin is there is no automated generation of your passphrase/private key and there is no wallet.dat-like file. A Bitcoin private key still can be bruteforced without access to created wallet.dat file."

who's desperate?  that is blatant false advertising.

I think what it is saying is that theoretically somebody somewhere could generate the same private key as you without needing your wallet.dat (although insanely unlikely). With Nxt you can actually claim and lock down an account so that even if somebody generated the same one they wouldn't be able to use it.
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July 07, 2014, 01:31:19 AM
 #9224

from the NXT homepage:

"The difference between the Nxt Brain Wallet and Bitcoin is there is no automated generation of your passphrase/private key and there is no wallet.dat-like file. A Bitcoin private key still can be bruteforced without access to created wallet.dat file."

who's desperate?  that is blatant false advertising.

I think what it is saying is that theoretically somebody somewhere could generate the same private key as you with Bitcoin (although insanely unlikely). With Nxt you can actually claim and lock down an account so that even if somebody generated the same one they wouldn't be able to use it.

it's very clear what it is saying and it's not anything close to your interpretation.
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July 07, 2014, 01:40:06 AM
 #9225

Well either way, that site is pretty crap, you'd be much better off reading the wiki: http://wiki.nxtcrypto.org/wiki/Main_Page. Especially the current and planned features section.
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July 07, 2014, 01:43:52 AM
 #9226


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?
cypherdoc
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July 07, 2014, 01:49:15 AM
 #9227

Well either way, that site is pretty crap, you'd be much better off reading the wiki: http://wiki.nxtcrypto.org/wiki/Main_Page. Especially the current and planned features section.

is this a fair summary of what NXT is?  

http://wiki.nxtcrypto.org/wiki/Nxt_Wiki
kodtycoon
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July 07, 2014, 01:53:21 AM
 #9228

Well either way, that site is pretty crap, you'd be much better off reading the wiki: http://wiki.nxtcrypto.org/wiki/Main_Page. Especially the current and planned features section.

is this a fair summary of what NXT is?  

http://wiki.nxtcrypto.org/wiki/Nxt_Wiki

absolute bare bones. yes.

cypherdoc
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July 07, 2014, 02:12:48 AM
 #9229



im guna do something that few people do on this forum and admit that i could be/probably am wrong about bruteforcing private keys. but the tech behind nxt still stands and if some misinformation on a website is the only argument you can come up with against nxt as a technology, i see that as progress.

can you link to where it says that about brute forcing private keys?

that's ok, i won't consider you a complete idiot.  b/c i'm sure you're getting confused btwn proper RNG (like that recorded from the static from your cpu chip or from dice rolling like on bitaddress.org) vs. improper RNG of the 256bit privkeys as with "horse battery staple" brain wallets.   these generate non-random privkeys that CAN be brute forced b/c there are too many idiots who use these types of weak phrases.  what the hackers are doing are running dictionary attacks on commonly used phrases/words that have been either used in the past or exist in tomes like the Bible.  

as to the mechanics of privkey generation, use Google. Wink
windjc
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July 07, 2014, 02:16:36 AM
 #9230


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
Cranky4u
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July 07, 2014, 02:18:17 AM
 #9231

death to ripple?

cypherdoc
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July 07, 2014, 02:21:40 AM
 #9232


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

wow, how convenient.  w/o an official site i guess you can accuse us of cherry picking no matter what site we quote.

do you at least agree with kodtycoon that the site i linked to above is a reasonable approximation of what NXT is at this moment so we can have a reference point to have a conversation?  or is it THAT fluid?
kodtycoon
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July 07, 2014, 02:25:45 AM
 #9233



im guna do something that few people do on this forum and admit that i could be/probably am wrong about bruteforcing private keys. but the tech behind nxt still stands and if some misinformation on a website is the only argument you can come up with against nxt as a technology, i see that as progress.

can you link to where it says that about brute forcing private keys?

that's ok, i won't consider you a complete idiot.  b/c i'm sure you're getting confused btwn proper RNG (like that recorded from the static from your cpu chip or from dice rolling like on bitaddress.org) vs. improper RNG of the 2256 bit privkeys as with "horse battery staple" brain wallets.   these generate non-random privkeys that CAN be brute forced b/c there are too many idiots who use these types of weak phrases.  what the hackers are doing are running dictionary attacks on commonly used phrases/words that have been either used in the past or exist in tombs like the Bible.  

as to the mechanics of privkey generation, use Google. Wink

i know how they hack passphrases by using bots to access thousands of accounts with common or simple passphrases then monitor those accounts for deposits and as soon as ones used its opened and funds stolen. im ot an idiot. those who use those simple passwords, are.


and you dont need to be so damn offensive. thats what you get for admitting your wrong. you need to learn some common decency and get out of the basement for a while.

and this isnt a discussion, its turned into you being totally insulting towards me after i admitted that i was wrong, which is far more than most people in this forum have the balls to do and im probably less than half the age of most of you. im done with this "discussion".


justusranvier
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July 07, 2014, 02:29:54 AM
 #9234

and you dont need to be so damn offensive. thats what you get for admitting your wrong. you need to learn some common decency and get out of the basement for a while.
http://en.wikipedia.org/wiki/Projection_%28psychology%29
kodtycoon
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July 07, 2014, 02:33:54 AM
 #9235

and you dont need to be so damn offensive. thats what you get for admitting your wrong. you need to learn some common decency and get out of the basement for a while.
http://en.wikipedia.org/wiki/Projection_%28psychology%29
"defend themselves against unpleasant impulses by denying their existence in themselves, while attributing them to others"

i wasnt rude/unpleasant to anyone until he was towards me. so how is this valid?

if anything i was the opposite by being polite and admitting i was wrong and requesting the source of the information in question so it could be questioned/corrected. then i get called an idiot for not knowing what i didnt know. and now im getting accused of "Psychological projection".

wtf?

windjc
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July 07, 2014, 02:44:17 AM
 #9236


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

wow, how convenient.  w/o an official site i guess you can accuse us of cherry picking no matter what site we quote.

do you at least agree with kodtycoon that the site i linked to above is a reasonable approximation of what NXT is at this moment so we can have a reference point to have a conversation?  or is it THAT fluid?

You want a reference point, go to nxtforum.org and engage a conversation with one of the couple of dozen or so developers.

And what's the official bitcoin site? Bitcoinfoundation.org?

Yeah, I guess we will just reference everything about bitcoin from there, lol.

Ps: and who is this "us" I'm accusing. NXT is about 7.5% of my current portfolio. Btc is about 80%.

You sir sound like an angry and defensive man.



If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
cypherdoc
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July 07, 2014, 02:49:35 AM
 #9237


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

wow, how convenient.  w/o an official site i guess you can accuse us of cherry picking no matter what site we quote.

do you at least agree with kodtycoon that the site i linked to above is a reasonable approximation of what NXT is at this moment so we can have a reference point to have a conversation?  or is it THAT fluid?

You want a reference point, go to nxtforum.org and engage a conversation with one of the couple of dozen or so developers.

And what's the official bitcoin site? Bitcoinfoundation.org?

Yeah, I guess we will just reference everything about bitcoin from there, lol.

Ps: and who is this "us" I'm accusing. NXT is about 7.5% of my current portfolio. Btc is about 80%.

You sir sound like an angry and defensive man.




that US.
windjc
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July 07, 2014, 02:55:02 AM
 #9238


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

wow, how convenient.  w/o an official site i guess you can accuse us of cherry picking no matter what site we quote.

do you at least agree with kodtycoon that the site i linked to above is a reasonable approximation of what NXT is at this moment so we can have a reference point to have a conversation?  or is it THAT fluid?

You want a reference point, go to nxtforum.org and engage a conversation with one of the couple of dozen or so developers.

And what's the official bitcoin site? Bitcoinfoundation.org?

Yeah, I guess we will just reference everything about bitcoin from there, lol.

Ps: and who is this "us" I'm accusing. NXT is about 7.5% of my current portfolio. Btc is about 80%.

You sir sound like an angry and defensive man.




that US.

It sounded like that us.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
kodtycoon
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July 07, 2014, 02:56:26 AM
 #9239


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

wow, how convenient.  w/o an official site i guess you can accuse us of cherry picking no matter what site we quote.

do you at least agree with kodtycoon that the site i linked to above is a reasonable approximation of what NXT is at this moment so we can have a reference point to have a conversation?  or is it THAT fluid?

You want a reference point, go to nxtforum.org and engage a conversation with one of the couple of dozen or so developers.

And what's the official bitcoin site? Bitcoinfoundation.org?

Yeah, I guess we will just reference everything about bitcoin from there, lol.

Ps: and who is this "us" I'm accusing. NXT is about 7.5% of my current portfolio. Btc is about 80%.

You sir sound like an angry and defensive man.




that US.

It sounded like that us.

thats the US i read too and the only one that makes sense in this context.

cypherdoc
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July 07, 2014, 02:57:45 AM
 #9240


can you link to where it says that about brute forcing private keys?

http://www.nxtcommunity.org/

Scroll down under Brain Wallets...


Why is that website so bad?

That's not an official site. There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.

Let us not cherry pick please.

wow, how convenient.  w/o an official site i guess you can accuse us of cherry picking no matter what site we quote.

do you at least agree with kodtycoon that the site i linked to above is a reasonable approximation of what NXT is at this moment so we can have a reference point to have a conversation?  or is it THAT fluid?

You want a reference point, go to nxtforum.org and engage a conversation with one of the couple of dozen or so developers.

And what's the official bitcoin site? Bitcoinfoundation.org?

Yeah, I guess we will just reference everything about bitcoin from there, lol.

Ps: and who is this "us" I'm accusing. NXT is about 7.5% of my current portfolio. Btc is about 80%.

You sir sound like an angry and defensive man.




that US.

It sounded like that us.

so my sentence self referenced itself?  that's a trick.
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