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Topic: [ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness! - page 46. (Read 102003 times)

legendary
Activity: 868
Merit: 1000
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Update:  Nxt code is extremely vulnerable.

We therefore decided to remove source code 5.9 that we decompiled (and got working) from our repository.



Please enlighten us in detail what specific vulnerabilities you are referring to and how they affect users. Remember, be specific and give good detail.

Our apologies, we already removed the source code from the public.  Providing more details would only make the problem worse.

Here is the original Github:  https://github.com/FrictionlessCoin/NEX/src/Nxt.java
legendary
Activity: 1181
Merit: 1002
Update: FrictionlessCoin is extremely dumb

we therefore decided to remove him from this thread
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
Public Safety Announcement

Update:  Nxt code is extremely vulnerable.

We therefore decided to remove source code 5.9 that we decompiled (and got working) from our repository.
 Nxt source code from our public repositories.

We found the code to be extremely vulnerable to attack and therefore removed it from being publicly accessible.

I recommend everyone to unload their Nxt to a safer coin (i.e. BTC, LTC, IXC etc) until the vulnerabilities are fixed.   Note:  Every account is vulnerable.
newbie
Activity: 14
Merit: 0
newbie
Activity: 40
Merit: 0
Thank you FrictionlessCoin for your work!!!

I lost 2BTC on the VisaCoin Scam..  Sad

I support your project and I'm interested in NEX
member
Activity: 76
Merit: 10
I'm interested too.
hero member
Activity: 854
Merit: 1001
This post is to confirm that I got scammed by Visacoin. You mention in this thread https://bitcointalk.org/index.php?topic=409696.40 that there is an allocation of NEX for these victims.

I sent 1 BTC to Visacoin on 01/01/2014

Hash: 46f13365d10f3f07d9d58a17252810b4d08e8fb92261d6b79332b9c3bcb7dd66
From address: 1MFMr5D3napkToBYfCXJ2cwLBJMjcfAdZX

Thank you.

If u are looking for someone who may really help u out on the Visacoin scam, get in touch with GetVisacoin.

https://bitcointalksearch.org/topic/ann-getvisacoinsibling-of-nxtborn-for-retribution-deterrent-409696

He seems to have some good ideas about compensating u guys.

But, for the love of God, stop throwing your money at people in exchange for nothing more than a promise.
newbie
Activity: 13
Merit: 0
interested as well. Love the 8 decimal places Grin
Nyx
sr. member
Activity: 274
Merit: 250
This looks good. I'd be interested in this.
zxs
member
Activity: 86
Merit: 51
legendary
Activity: 1181
Merit: 1002

...

Is Nxt open or closed source?

Decompilation does take time and required several kinds of decompiler and manual editing to perform.

The source code is all made available for anyone who wants to make a copy.  Or anyone who wants to permanently destroy Nxt.   IMHO, security by obfuscation is really not a sound approach.




FrictionlessCoin only believes in "Security by Stupidity" - that is the only way to go!

newbie
Activity: 56
Merit: 0
Interested.

NEX sounds awesome!
newbie
Activity: 28
Merit: 0
Interested... but seems a bit shady.
The actions of the Op arent helping either.
hero member
Activity: 655
Merit: 500
Greetings people of NEX!

ME.TOO is a clone of NXT. https://bitcointalksearch.org/topic/ann-metoo-descendant-of-nxt-4-billion-coins-422139

We have good news to share!!

ME.TOO will be cloning this NEM announcement thread.
https://bitcointalksearch.org/topic/ann-nem-4-billions-coins-part-1-this-thread-is-no-longer-used-422129

What this means for you?

If you're in the NEM genesis block, you'll automatically be included in the ME.TOO genesis block.

The only difference is ME.TOO will not require any contribution from people  ME.TOO is 100% free!!


We have complete faith in utopianfuture's integrity, so we believe donations and contributions to NEM are safe, and utopianfuture will put them to good use. And when he does, ME.TOO will clone all the good features of NEM, so we don't have a need for a budget for development & community building at this stage.

We just want your 'love', and we promise to try and grow ME.TOO into a top 10 NXT clone.

NXT is that nice crisp $50 in your pocket, NEM is a $20 .... ME.TOO is a crumpled up $5  ... but if ME.TOO establishes itself in the top handful of NXT clones it'll end up being useful, and valuable.

So to summarise, if you're 'interested' in NEM, then we're assuming you're 'interested in ME.TOO.

And we're going to copy and clone everything we can from NXT & NEM & NEX so our development costs will be smaller, so we'll try and cover those from our own pockets. We might need some help later on, so feel free to offer, but for now we're not looking for any donations.

ME.TOO will have a large number of accounts in the genesis block, and we've got a few marketing ideas that should insure we have enough people interested in ME.TOO to run the client software.

ME.TOO people know the power of community  Grin

ME.TOO is going for bronze!!


ME.TOO details: https://bitcointalksearch.org/topic/ann-metoo-descendant-of-nxt-4-billion-coins-422139
newbie
Activity: 17
Merit: 0
I'm interested in this project.
newbie
Activity: 14
Merit: 0
Im interested in this project too  Cheesy
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!

In all respect, but from what I read it seems you still haven't understood my proposal. You are talking about "last minutes/seconds of a burn period" but what I propose is a sliding window, so there is no end of any burning period!
Furthermore, in your argument you somehow make the assumption that the free market to decide if burning is profitable will not work. If your argument would be valid, then the whole bitcoin mining would make no sense, because free market decides if your energy costs are worth to mine bitcoins. So the decision to mine Bitcoins or not to mine Bitcoins depends obviously on the exchange rates in the following loop:
Code:
BTC(exchanged) <-> USD -> proof-of-work-energy-cost -> BTC(mined)
A miner can calculate his rewards and the free market will decide if it is more profitable to go the route via exchanges or to mine.
My proposed system actually completely rebuilds this free market reward system:
Code:
NEX(exchanged) <-> BTC -> proof-of-burn-btc-cost -> NEX(mined)

I agree on the need to burn something.  If there is no cost to a good,  then there is no floor on the price.   

What is extremely interesting about this proof of burn is that it is quite egalitarian as compared to the centralized mining that we have today for BTC.  Anyone can participate to burn their BTC to mine NEX. There is no extra advantage that you happened to be lucky enough to acquire a pre-order ASIC mining machine.

full member
Activity: 241
Merit: 100
i want in! your project have future!
legendary
Activity: 2156
Merit: 1070
This post is to confirm that I got scammed by Visacoin. You mention in this thread https://bitcointalk.org/index.php?topic=409696.40 that there is an allocation of NEX for these victims.

I sent 1 BTC to Visacoin on 01/01/2014

Hash: 46f13365d10f3f07d9d58a17252810b4d08e8fb92261d6b79332b9c3bcb7dd66
From address: 1MFMr5D3napkToBYfCXJ2cwLBJMjcfAdZX

Thank you.
legendary
Activity: 2156
Merit: 1070
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