Gold collapsing. Bitcoin UP.

[Cranky4u]

death to ripple?

[1713502401]

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[cypherdoc]

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 There is no official site, but NXT.org is much closer to it than that outdated site people are referencing as a source for discussion.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]

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.

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]

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]

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]

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.

[cypherdoc]

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]

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.

[kodtycoon]

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]

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.

[windjc]

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.

So I accused myself? That's a trick. 😉

[cypherdoc]

my brief review of the NXT and NEM sites don't reveal anything new as far as i'm concerned.  still hampered by an initial distribution to stakeholders that was announced only weeks before.  mining that favors initial stakeholders doesn't encourage growth of new entrants unlike with Bitcoin's issuance curve.  both should enter a downward spiral from lack of participation.  POS fanboys totally ignore Bitcoin's network effect.

[smoothie]

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.

Well it could if you have futuristic hardware to do that really fast or if you have multiple lifetimes to crack it.

But the whole premise is in your lifetime you could bruteforce it...that is false.

Sounds pretty desperate if they have to resort to BS like that.

[kodtycoon]

my brief review of the NXT and NEM sites don't reveal anything new as far as i'm concerned.  still hampered by an initial distribution to stakeholders that was announced only weeks before.  mining that favors initial stakeholders doesn't encourage growth of new entrants unlike with Bitcoin's issuance curve.  both should enter a downward spiral from lack of participation.  POS fanboys totally ignore Bitcoin's network effect.

you didnt look into nem what so ever did you? actually i know you didnt.

nem has 3000 stake holders. yes 3000. over 1000 are veteran accounts. the vast majority were accounts created prior to the announcement and then taint analysis was used to rid any sockpuppets that were used.

it also has a new proof of importance algorithm in combination with proof of stake which solves the inherent issues in nxt regarding hoarding and "rich getting richer". it works by giving higher "weight" or forging power to those who are most important to the network for example giving higher or lower weight based on what transactions you do, who you do them with, etc etc and just generally how important you are to the network. and no before you ask it cannot be manipulated. get as many accounts as you like, il send you some test coins, and try to manipulate it to give you a higher weight. many people have tried to break it already and cant.

you cant ignore the network effect of 3000 initial stake holders or the revolutionary technical advance of proof of importance combined with proof of stake.

and it wasnt an ipo, all 3000 got an equal share by paying a fee to join which was minimal compared to what stakes are worth now (1500 dollars) so there are no "whales" that just bought up a shit ton of the currency.

actually research a coin before you start stating facts about it.

[kodtycoon]

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.

Well it could if you have futuristic hardware to do that really fast or if you have multiple lifetimes to crack it.

But the whole premise is in your lifetime you could bruteforce it...that is false.

Sounds pretty desperate if they have to resort to BS like that.

i have notified them of it. i claimed they could be, found out i was wrong, admitted i was wrong, and then harshly insulted about it after i politely admitted i was wrong and asked for the source so it could be fixed. mature behavior of a "hero member" would you say?

but yes as someone who supports nxt and PoS i agree that if that was put there intentionally, thats for sure not good. but i have to say, with all due respect, nxt is far from desperate. did you read the development plan for the next few months that i posted on the previous page? far from desperate i can assure you.

[cypherdoc]

my brief review of the NXT and NEM sites don't reveal anything new as far as i'm concerned.  still hampered by an initial distribution to stakeholders that was announced only weeks before.  mining that favors initial stakeholders doesn't encourage growth of new entrants unlike with Bitcoin's issuance curve.  both should enter a downward spiral from lack of participation.  POS fanboys totally ignore Bitcoin's network effect.

you didnt look into nem what so ever did you? actually i know you didnt.

sure i did.  this is how i understand NEM too.

nem has 3000 stake holders. yes 3000. over 1000 are veteran accounts. the vast majority were accounts created prior to the announcement and then taint analysis was used to rid any sockpuppets that were used.

you just made my point

it also has a new proof of importance algorithm in combination with proof of stake which solves the inherent issues in nxt regarding hoarding and "rich getting richer". it works by giving higher "weight" or forging power to those who are most important to the network for example giving higher or lower weight based on what transactions you do, who you do them with, etc etc and just generally how important you are to the network. and no before you ask it cannot be manipulated. get as many accounts as you like, il send you some test coins, and try to manipulate it to give you a higher weight. many people have tried to break it already and cant.

you and windjc should have at it.

you cant ignore the network effect of 3000 initial stake holders or the revolutionary technical advance of proof of importance combined with proof of stake.

and it wasnt an ipo, all 3000 got an equal share by paying a fee to join which was minimal compared to what stakes are worth now (1500 dollars) so there are no "whales" that just bought up a shit ton of the currency.

actually research a coin before you start stating facts about it.

look who's talking.

[sidhujag]

my brief review of the NXT and NEM sites don't reveal anything new as far as i'm concerned.  still hampered by an initial distribution to stakeholders that was announced only weeks before.  mining that favors initial stakeholders doesn't encourage growth of new entrants unlike with Bitcoin's issuance curve.  both should enter a downward spiral from lack of participation.  POS fanboys totally ignore Bitcoin's network effect.

you didnt look into nem what so ever did you? actually i know you didnt.

nem has 3000 stake holders. yes 3000. over 1000 are veteran accounts. the vast majority were accounts created prior to the announcement and then taint analysis was used to rid any sockpuppets that were used.

it also has a new proof of importance algorithm in combination with proof of stake which solves the inherent issues in nxt regarding hoarding and "rich getting richer". it works by giving higher "weight" or forging power to those who are most important to the network for example giving higher or lower weight based on what transactions you do, who you do them with, etc etc and just generally how important you are to the network. and no before you ask it cannot be manipulated. get as many accounts as you like, il send you some test coins, and try to manipulate it to give you a higher weight. many people have tried to break it already and cant.

you cant ignore the network effect of 3000 initial stake holders or the revolutionary technical advance of proof of importance combined with proof of stake.

and it wasnt an ipo, all 3000 got an equal share by paying a fee to join which was minimal compared to what stakes are worth now (1500 dollars) so there are no "whales" that just bought up a shit ton of the currency.

actually research a coin before you start stating facts about it.

Nxt and nem offer nothing new to the lehman case closed who cares move on

[kodtycoon]

my brief review of the NXT and NEM sites don't reveal anything new as far as i'm concerned.  still hampered by an initial distribution to stakeholders that was announced only weeks before.  mining that favors initial stakeholders doesn't encourage growth of new entrants unlike with Bitcoin's issuance curve.  both should enter a downward spiral from lack of participation.  POS fanboys totally ignore Bitcoin's network effect.

you didnt look into nem what so ever did you? actually i know you didnt.

nem has 3000 stake holders. yes 3000. over 1000 are veteran accounts. the vast majority were accounts created prior to the announcement and then taint analysis was used to rid any sockpuppets that were used.

it also has a new proof of importance algorithm in combination with proof of stake which solves the inherent issues in nxt regarding hoarding and "rich getting richer". it works by giving higher "weight" or forging power to those who are most important to the network for example giving higher or lower weight based on what transactions you do, who you do them with, etc etc and just generally how important you are to the network. and no before you ask it cannot be manipulated. get as many accounts as you like, il send you some test coins, and try to manipulate it to give you a higher weight. many people have tried to break it already and cant.

you cant ignore the network effect of 3000 initial stake holders or the revolutionary technical advance of proof of importance combined with proof of stake.

and it wasnt an ipo, all 3000 got an equal share by paying a fee to join which was minimal compared to what stakes are worth now (1500 dollars) so there are no "whales" that just bought up a shit ton of the currency.

actually research a coin before you start stating facts about it.

Nxt and nem offer nothing new to the lehman case closed who cares move on

thats your argument? seriously? do i really have to list all the things that they do offer to the lehman? to the financial industry? to the gaming industry? ten times faster transactions and soon to be instant apposed to bitcoins 10 mins(on a very good day) business or personal or complete levels of privacy? have you ever heard andreaous antonopolis talk about "currency is only the begining" "the blockchain can support all this other stuff and then its units of account are used as currency as a secondary effect". he is talking about all the other stuff made possible by the technology called the block chain and the ability to come to global consensus in a trust-less manner with out the need for centralised parties. all these other things other than currency is exactly what nxt and nem are building onto their platforms at an astonishing rate and all that most people are doing is fighting it because you have vested interests elsewhere and have forgotten why this whole crypto thing was started. it wasnt so we could just stop at currency and say we are happy with that, we dont need the rest. bitcoin imo was a basic test run to see if this new method of global trustless consensus could scale while staying decentralised. many flaws were found and im sure you cannot argue with that.

out of this research/experiment as many people have called it and still do called it. have come the next wave of blockchain technology. the 2.0's. i dont mean the shit bitcoin half clones with new algos. i mean nxt(still flawed as has been stated over and over and i agree on many cases but not all) and nem. though nxt is flawed in its distribution and "rich getting richer" issues. which i agree on. the fact still stands that it can do all these other things that the block chain technology can, should and will be used for. regardless of its other issues that it has.

why do you fight tooth and nail for a crypto that can and will only ever be used as currency. the bitcoin devs themselves came out and said development and dev discussion has all but come to a halt with discussions only ending up in flaring arguments. while the next generation of crypto arises and evolves at an astounding rate at which bitcoin devs could only dream of. i do not understand why such pioneers of a technology who have been in crypto for soo so much longer than i have, seem to fight this natural evolution of technology with ever last single breath instead of just embracing it and seeing it for what it really is, the next logical step of crypto evolution that can harness the full potential of block chain technology at an unprecedented rate of development.

but yet this technology is shunned by the very people who wanted to progress it so badly in the early days. as someone new to crypto since november as barely invested, pittances to most, i cannot, for the life of me, understand why everyone fights tooth and nail for a now, bar the network effect, redundant technology?

please with out insults, accusations of FUD, and not including the distribution issue or rich getting richer issues (as they are fixed by nem) please, can you explain to me why this new innovative technology is simply, ignored or shunned by those who would be considered pioneers of the blockchain technology.

i simply do not understand it.

[sidhujag]

Network effect > faster transactions etc from nem nxt.

Bitcoin doesnt have a problem with tx times.. once insurance gets involved poof there goes your market advantage.

Give me one thing average joe cant do with bitcoin that cam with nxt nem that cAres to go home and tell his wife guess what I learned today at work??

I rest my case. Im not attacking you or the coin just giving you the reality of the situation. Blockchain tech 2.0 will happen and EVERYONE including early adopters will all acknloedge it as such.

Ie theearly internet adopters like aol would never say they tech is better than isp services today (internet 2.0) While the next gen replacing ajax with websockets (see devcoinauctions.com for example) is already in the works to take it the next step further. But evem tho the ground work is done (websockets and content providers) its not nearly enough for society to really care until use cases are possible such that they solve a problem that wasnt possible to solve prior to the adoption of the tech.

[kodtycoon]

Network effect > faster transactions etc from nem nxt.

Bitcoin doesnt have a problem with tx times.. once insurance gets involved poof there goes your market advantage.

Give me one thing average joe cant do with bitcoin that cam with nxt nem that cAres to go home and tell his wife guess what I learned today at work??

you joking.... right? do you think average joe would have run home to his wife and sang praises of bitcoin 3 years ago? could you buy anything in shops with bitcoin 3 years ago? even last year?

how many people trade stocks?

how many people buy films online, rent films, software any digital goods what so ever?

nxt is soon bringing out a decentralised physical goods store. ie. ebay built into nxt platform with a reputation system.

faster transactions is only one small tiny part of the puzzle.

nxt is on the cusp of become the very first and only fully decentralized trustless cryptocoin exchange using multigateway.

mintpal, crypsty, bittrex, poloniex, all their business models, wiped out over night.

can you honestly tell me any trader would rather trade on a centralized exchange over a trust-less decentralized one?

mmorpg's built on top of nxt that play through the browser, the in-game currency being nxt where weapons can be won and sold on the AE for real money, so any gamer can earn money. not just pro's. that doesnt have value?

crowed funding businesses? a cafe has already crowed funded itself in england using the nxt AE, and has now started running and paying dividends? this hasnt got value to people who dont want loans from banks? and dividends will soon be payed automatically, this doesnt have value to companies who list stocks?

This is a summary of the development planning discussion we had today.

1. Release 1.2.1e will be scheduled in a few days, with bugfixes to DGS. After more testing, 1.2.2 should be ready for main net, planned for the week of July 14th. It will have DGS, Alias Transfer, and Encrypted Messages features set to be enabled about a week after the release, to give everyone time to upgrade. Therefore these features will go live before end of July.

2. In parallel with 1.2 bugfixes, JLP will finish the work on the 1.3 database persistence branch, which will have no new features and will be compatible with 1.2. After the release of 1.3, in August, both will be supported for some time while making sure 1.3 is stable and fixing any database related performance problems.

3. As 1.3 stabilizes, kushti will port his Voting System branch to also use database persistence, and merge it to what will become the 1.4 release. The 1.4 release will also have the AE dividends payments feature already mostly done by CfB, and possibly Smart Leasing, which ChuckOne will be working on.

4. The Monetary System branch will be delayed a bit as CfB plans to include Mixing (CoinShuffle) in it. The mixing will only work for Monetary System currencies, not for NXT payments. The MS branch needs to be reviewed by me, ported to use database persistence, and merged to the develop branch, to be expected no sooner than 1.5.

5. After MS, CfB will work on finishing Economic Clustering, Anti-Deflation, and the next steps to Transparent Forging, such as Time Warp.

6. After Smart Leasing, ChuckOne plans to focus on Atomic Cross-Chain Trading.

7. Kushti will work on blockchain pruning, improvements to Asset Exchange and DGS, and possibly helping with TF.

8. After the db work and managing the releases of the above features, I will look into Phasing, which includes Multisig Transactions and Escrow and is also related to the Atomic Cross-Chain Trading project.

9. The Instant Transactions proposal by Matt is still in the design phase, and is also related to Transparent Forging. ChuckOne would also assist with IT design.

are you trying to tell me that none of this is any benefit what so ever to nxt? or that it is not far far superior to bitcoin? which can only ever be used as plain and simple currency? which will only get more and more expensive to run? when bitcoin costs 1 billion to secure the block chain nxt/nem will cost a tiny fraction of that? when bitcoin becomes an eco black eye nxt or nem wont seem favorable because the whole network could run on solar panels? this doesnt have value?

seriously?

and yes bitcoin does suffer severely because of transaction times. i sent a transaction with .0002 fee and it took half an hour to get 1st confirmation and over 2 to get 5 confirms. that is archaic compared to nxt/nem's 1 min confirms.