(1) No database.
(2) Poor wallet security.
(3) Insecure proof of stake scheme.
(4) Difficult address formatting.
(5) Closed source
(6) Anonymous founder and anonymous developers
(7) 21 BTC buy 100% of 1 billion coins, how fair is that?
(
Uneven distribution, 4 guys have like 70% of all the coins.
Please let us know what NEX will do compared to NXT.
(1 ) What database will you implement? What programming language btw.?
-> LevelDB. Java
(2 ) How is the proposed security mechanism? Some pseudo-code would be nice.
-> Bitcoin like Wallet
(3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please.
-> Hybrid with Proof of Burn
(4 ) How is the address space of NEX designed?
-> NEX id is just the public key of the user pass phrase. There is no checksum. There is no user recognizable identifier that it is a NEX id. Public key therefore can be hacked because pass pass phrase follows human patterns.
(5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right?
-> When available, we will people know.
(6 ) You are Carlos Perez, correct? Who are your developers?
-> Carlos Perez is the lead developer.
(7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs?
-> We limit the amount of NXT you can buy. We keep it open until all 1 million is consumed. We do not close it early.
(8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get?
-> We have are engaging several partners and this has yet to be determines. The final distribution will be let know before a single NXT cent is spent. Oh... sorry... did not realize that NXT doesn't have decimal places.
Best of luck with your Nxt.
(1 ) What database will you implement? What programming language btw.?
-> LevelDB. Java
thanks
(3 ) How is the currently implemented PoS insecure? How do you intend to improve it? Give some technical details please.
How is it insecure?
-> Hybrid with Proof of Burn
Details?
(4 ) How is the address space of NEX designed?
-> NEX id is just the public key of the user pass phrase. There is no checksum. There is no user recognizable identifier that it is a NEX id. Public key therefore can be hacked because pass pass phrase follows human patterns.
Ok
(5 ) Where did you upload the alpha version of NEX? It's open from the beginning I assume, right?
-> When available, we will people know.
ok, eta (weeks? months? years?)
(6 ) You are Carlos Perez, correct? Who are your developers?
-> Carlos Perez is the lead developer.
thanks, founder=lead developer=carlos perez
CV?
other devs? still a bit foggy elsewise...
(7 ) You plan to rise 1 Mio NXT as buyin, how is that fair compared to the 21 BTCs?
-> We limit the amount of NXT you can buy. We keep it open until all 1 million is consumed. We do not close it early.
what if you don't reach the million? closing date?
(8 ) How will you defend issuing NEX to the same guys (sockpuppet problem)? What will be your stake in NEX? What stakes will your partners and developers get?
-> We have are engaging several partners and this has yet to be determines. The final distribution will be let know before a single NXT cent is spent. Oh... sorry... did not realize that NXT doesn't have decimal places.
open: How will you defend issuing NEX to the same guys (sockpuppet problem)?
Best of luck with your Nxt.
Oh, flattering, but NXT is not mine at all, but I think NXT is great nevertheless!
