Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 127. (Read 736772 times)

Hey CECVW! Good to see you back.
MGW is the Multigateway, a distributed (near trustless) crypto trading exchange.
You send you coins to the address you're given in the MGW plug in for NXT wallet. It's exchanged for tokens (mgwBTC = BTC tokens, mgwBTCD = BTCD tokens) which you can then trade against NXT. You can then withdraw your tokens, so they are converted back to crypto and sent to their native wallets.

Edit: MGW is also the MGW asset. You can buy shares in this and get paid a proportion of transaction fees. Not sure how the maths adds up or what volumes make that an attractive investment, though.

please can you tell me what is the difference between MGW, mgwbtc and mgwbtcd? and which one would you buy, all or none or one of them?


http://www.jl777.org/business-as-usual/

Thanks, everyone for your answers. ^This is what threw me. My mind could not comprehend the balance increasing without a something showing in the transaction log.

Pretty sure no one owns more than 50 million.
http://charts.nxtcrypto.org/cDistribution.aspx for distribution. There's a better one somewhere that shows top 100/1000 accounts, but I can't find it for some reason.
Distribution is just one of those things with NXT. It's actually kind of crazy, since none of the big stakeholders can sell and make millions without far greater adoption anyway. They just create selling pressure that keeps the price down, so if you believe the tech is going somewhere, you can still get in cheaply now.

Edit: distribution is improving, but it's hard to tell. Look at SuperNET: tens of millions of NXT in the same account. But some belonged to whales whose accounts are now smaller. This is why SuperNET and other successful assets are critically important to the success of the whole NXT ecosystem.

I've never used NXT before this whole SuperNET thing and I must admit, I'm very impressed with both the tech and the community.  I was surprised to find out that NXT is relatively new too (came out last November, I think?).  It's definitely something special.

I think it's pretty telling that so many 'prominent' bitcoiners are so vocally against NXT. And their reasoning from what I've seen are incredible shaky or just down right wrong or misguided.

The original NXT holders will probably just continue to unload their coins cheaply on to the market for a while. Anyone being able to buy NXT for pennies now kind of makes the distribution thing somewhat of a moot point I think. As long as some these people who hold large 50 mil, 100 mil plus chunks of NXT sell a good part of them off then there's not too much you can really say about the distribution. Not to mention BCNext making a public 2 month cheap IPO where anyone in the world was welcome to send their BTC in exchange for a stake was not so bad in my opinion.

This PoW --> PoS thing is fine I guess too, but it seems wasteful to me to spend so much money on mining when the end result is similar.

It's possible that there are people who hold much larger amounts of NXT then I assume, and to be honest I have no idea. If People hold massive amounts then they should publicly divest them over time for the good of the currency.

The "unfair" distribution was never a problem for me. I could have invested in NXT right at the beginning but was too dumb to do so. Those who did invest made a fortune and they deserve it. The technology behind NXT is far ahead of any other coin and it should be in the #2 spot behind Bitcoin right now. The reason why it isn't is because the early investors are selling their coins too cheap -- they don't care because they have so many! It needs to rise by about ten times to get to #2 which means that NXT is still ridiculously undervalued. If the SuperNET turns out to be a huge success then it's not unreasonable to expect NXT to challenge Bitcoin for the #1 spot on coinmarketcap.com.

Anybody who is reading this and who hasn't tried NXT, do so now.

Well, you just helped distribution 

It's already work in progress.

Just to illustrate my point.  Lets imagine NXT went mainstream.  How many people are going to use "password123" as their wallet phrase?

NXT'ers should fix this.

I appreciate you saying that, but the whole reason I didn't use the passphrase the client generated is because I wanted to be safe.  I used 16 (not 12) random words, some taken from what the client generated, some adapted from what the client generated (brain into brainy), some made up with added caps, some my pet name for my wife, and a mispelled curse word or two with a random number here and there to boot.  No one is cracking it with dictionary program.

Sadly, I think this is a major drawback of NXT.  Brainwallets are dumb and can't be used properly by the masses.

Please use the passphrase that the client generates for you, that is safe. Or use a password manager like the free keepass2 and create a random passphrase, 30 or more characters long and let it paste it from there. Don't use any "clever" sentence from a book or your girlfriend's name appended with her birthday. Humans are really bad at creating safe passwords! The passphrase is the only thing that stands between you and an armada of hackers out there, there's no additional wallet.dat that keeps your passphrase secure like in bitcoin.

I did this recently.  As someone with 0 knowledge of NXT it took a bit of research.  Put simply

1.  Download a NXT wallet (after much research I went with http://nxtra.org/nxt-wallet/)
2.  Make your own passphrase
3.  Buy a few NXT for various fees you might eventually need to pay and transfer to wallet (20 is prob fine)
4.  Transfer funds from bter to your address (starts with NXT)

It's a bit different than bitcoin and its clones, but not too much.  Full disclosure, I've never been interested in NXT due to the distribution, but after getting involved with it a bit, it really is very cool tech.

Just withdraw it to your NXT wallet address. That is how i did it.

The assets would be sent to you and you would be able to see it when you have downloaded the blockchain or via a explorer 

How do I take my Unity off of Bter and secure it in a wallet?

Also, are dividends received if I keep my asset offline in an NXT wallet? (I believe I can withdraw UNITY straight to a NXT wallet)

Might be worth a new thread in the services section to get more attention.

 Your account looks right to me.

When I add/subtract your transactions I get 2452 NXT (i didn't include the decimals). When I add the 120.9 for your sell, that's 2572.9. Then I subtract the 6 NXT you have spent on fees I get 2566.9.

Nxt reporting shows you have a balance of 2565.06. So, seems that the NXT from the sell was added to your NXT balance.

You won't see a transaction for the NXT coming in, by the way, if that is what you are looking for.

you'll not see additional transaction. Your accound should be increased by 120.90 NXT.
you can check everything here http://www.nxtreporting.com/?a=NXT-3VEA-RUE2-BUFF-9Y9G2&c=EUR

[1000 BTCD bounty]

I have outlined one controlled test: https://forum.thesupernet.org/index.php?topic=76.msg995#msg995

Hopefully there can be others identified.

So, the help I need is for ideas on how to crack the Teleport and also to implement such attacks.

Teleport uses public blockchains so the cloning (spend) events are visible on the blockchain. The part that makes it anon is that all teleports go from onetime use addresses to onetime use addresses. Effectively making a chain of tx without anything to link it to any actual person. Short of someone announcing (or being monitored) that a specific tx was theirs, I cannot think of any ways to correlate a spend on the blockchain with an account.

maybe if a node is monitored at the packet level, the signed tx being sent to the blockchain can be captured? To work around this, we would need to use remote pushtx nodes, eg. nodes that accept encrypted onions with signedtx inside and they submit to the coin's network.

For now, I want to make sure that even if the usage of the onion network is perfectly logged by the attacker, that the anon set is still all cloning events during the clonesmear timewindow. Of course, with each user's clonesmear parameter settable, I dont think it is even possible to know which tx are part of the anon set. And as usage grows, the anon set grows without any extra load on blockchains

James

Nothing outstanding.  This is the only transaction in my wallet after the trade today. 212 confirmations.

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