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Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 147. (Read 170086 times)

newbie
Activity: 13
Merit: 0
Yes, I agree with "dzimbeck" and I would like to hear more about defence vs. Double Spend attacks, and updated white paper to address such issues. Before I can invest a penny.

LN = Lightning Network? (Hint: it will not work. Bitcoin and Dash don't have SegWit, so no LN for ya). It can work on Litecoin and on Ethereum, though.

I've heard/read that radixdlt will outpace them all, as it is not blockchain. Could that be true?
newbie
Activity: 15
Merit: 0
Hello
I'm relatively new to the world of cryptocurrencies but this project sounds very interesting to me.

I already read the guide how to participate on page 18 but there is something I'm not sure about (sorry if it is a stupid question)...
In the guide you wrote I should transfer the amount of BTC I want to spend from my wallet address (I use the electrum wallet) which I have registered as receiving address (step 4-5 in the guide). But in my electrum wallet I have 20 receiving addresses listed and no idea how to choose from which one the wallet should send the coins. Would you still recognize me as sender of the coins if my wallet uses another address than the registered one (step 4) or is this a problem?

Thanks for your help:)
full member
Activity: 203
Merit: 100
Yes, I agree with "dzimbeck" and I would like to hear more about defence vs. Double Spend attacks, and updated white paper to address such issues. Before I can invest a penny.

LN = Lightning Network? (Hint: it will not work. Bitcoin and Dash don't have SegWit, so no LN for ya). It can work on Litecoin and on Ethereum, though.
legendary
Activity: 2412
Merit: 1044
If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?


Thank you for this interesting question, i hope the answer will satisfy your demand.


The validator will be hosted on a decentralized distributed storage platform (SafeNetwork) which will provide a lot of possibilities to solve issues related to live and offline trading. As an example, using multisignature addresses doesn't means centralizing the process as it will be done by a user and a decentralized process hosted into a decentralized ecosystem.

As i said, it is just one of the many possible sollutions, as they are ranging from soft, to extreme degree.

You can also check this link : https://en.bitcoin.it/wiki/Atomic_cross-chain_trading

There is an interesting solution to the atomic trading issues you talked about.

Rest assured that the team will never release a trading pair if they are not sure about the security of the process.



"Apollo777": Correct.

1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?

Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.

...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.

2. Double-spend attacks that "dzimbeck" mentioned

Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.


Thanks for the question.

There is a section in the whitepaper who explains how this part will be handled, when you withdraw from poloniexw, or other similar services, they don't broadcast a trasaction right away. Instead, they group them, and send a single transaction. This is how the distribution is going to be processed and it can be done as long as the TX size is lower then the block size. From there, you can create a single transaction with several outputs and pay a marginal fee.

This is one of the situations where the validator is handy, because he will ensure that you won't attempt to realise such operations, as he will check (several times) the informations sent by the users and process them in order to allow a trading, and the usage of multisignatures, smart contracts, LN channels would be also a part of the sollution.

As i already sead, NVO doesn't want to compete against other decentralized exchanges, or centralized exchanges, NVO aims at using the technologies provided by the multiple blockchains to create an as safe as possible environment for trading, and to provide a multi crypto wallet with as much "functions" as possible while giving the possibility to its users to choose what function they want to include into their wallet.


Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.

Yes the project is uncaped, and there is no price for the NVOTokens, at the end of the crowdsale, the contributions will be calculated and evaluated, every participant will receive a proportional amount of NVOT.

Actually your answer does not satisfy my demand. You are asking for money and yet you don't understand the protocol you will be using nor were you able to answer. I've been a crypto dev for 4 years and coded BitHalo and BitBay. Just linking me to wiki about AT when I already know how to do AT with checklocktimeverify is not a sufficient answer.

There is only ONE way to do decentralized exchange between blockchains and that is atomic trading. It cannot be done without checklocktimeverify because of malleability.

Also 2 of 3 escrow like BitSquare is not decentralized because of simple theft and collusion in escrow.

2 of 2 with microtrading works like in BitHalo but it's tedious and expensive and unpopular.

So the only way is AT and it must have a web front end in JavaScript and no blockchain download to become popular.

You can't just launch a project and be like "give me money and I will build a decentralized exchange"

Sure man that's what everyone is doing right now and I'm getting tired of it. Make a full fledged decentralized exchange and then.launch a token. But your marketing whitepaper and response shows me you didn't have a specific protocol in mind to stop double spend and malleability

Like I said there is one way and to my knowledge Blocknet is the only coin doing it (maybe also Komodo)

Atomic trading

OK maybe you can build LN in every coin but that would be insane engineering costing millions or years

By the way when peoples money is on the line there is no such thing as "safe as possible given the tools in the coin" there is completely secure and not secure. It works or it can be hacked period.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
Hi everyone!

I don't know if I did this right, but I used blockchain.info, and sent BTC to the escrow account. Also, whats the name of the slack team? I looked through previous posts and have not found it.

Thanks!

Well, it seems you did it right, but you didn't provide enough information to say whether you did it 100% correctly:) If you followed instructions, why not?

Anyway, you can find the invite to Slack on this link: https://nvoinvite.herokuapp.com/
hero member
Activity: 1134
Merit: 502
I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

Here in Bitcointalk the regular promotion is the Signature campaign as you can see NVO already have that. Aside from Signature Campaign i know that the dev teams are also promoting NVO outside Bitcointalk so expect more investors to join NVO.
hero member
Activity: 3094
Merit: 929
I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

What do you mean by "regulary promotions"?
Is the sig campaign different from a "regulary promotion"?
Anyway,this is a pretty trustworthy project and i`m going to join after i get enough coins.
newbie
Activity: 43
Merit: 0
Hi everyone!

I don't know if I did this right, but I used blockchain.info, and sent BTC to the escrow account. Also, whats the name of the slack team? I looked through previous posts and have not found it.

Thanks!
Can you export private keys from blockchain.info?
newbie
Activity: 5
Merit: 0
Hi everyone!

I don't know if I did this right, but I used blockchain.info, and sent BTC to the escrow account. Also, whats the name of the slack team? I looked through previous posts and have not found it.

Thanks!
hero member
Activity: 882
Merit: 533
If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?


Thank you for this interesting question, i hope the answer will satisfy your demand.


The validator will be hosted on a decentralized distributed storage platform (SafeNetwork) which will provide a lot of possibilities to solve issues related to live and offline trading. As an example, using multisignature addresses doesn't means centralizing the process as it will be done by a user and a decentralized process hosted into a decentralized ecosystem.

As i said, it is just one of the many possible sollutions, as they are ranging from soft, to extreme degree.

You can also check this link : https://en.bitcoin.it/wiki/Atomic_cross-chain_trading

There is an interesting solution to the atomic trading issues you talked about.

Rest assured that the team will never release a trading pair if they are not sure about the security of the process.



"Apollo777": Correct.

1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?

Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.

...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.

2. Double-spend attacks that "dzimbeck" mentioned

Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.


Thanks for the question.

There is a section in the whitepaper who explains how this part will be handled, when you withdraw from poloniexw, or other similar services, they don't broadcast a trasaction right away. Instead, they group them, and send a single transaction. This is how the distribution is going to be processed and it can be done as long as the TX size is lower then the block size. From there, you can create a single transaction with several outputs and pay a marginal fee.

This is one of the situations where the validator is handy, because he will ensure that you won't attempt to realise such operations, as he will check (several times) the informations sent by the users and process them in order to allow a trading, and the usage of multisignatures, smart contracts, LN channels would be also a part of the sollution.

As i already sead, NVO doesn't want to compete against other decentralized exchanges, or centralized exchanges, NVO aims at using the technologies provided by the multiple blockchains to create an as safe as possible environment for trading, and to provide a multi crypto wallet with as much "functions" as possible while giving the possibility to its users to choose what function they want to include into their wallet.


Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.

Yes the project is uncaped, and there is no price for the NVOTokens, at the end of the crowdsale, the contributions will be calculated and evaluated, every participant will receive a proportional amount of NVOT.
full member
Activity: 203
Merit: 100
"Apollo777": Correct.

1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?

Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.

...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.

2. Double-spend attacks that "dzimbeck" mentioned

Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.

Dash has a good solution, called "Instant Send", which locks-in zero-conf transactions instantly, and guarantees money delivery. Bitcoin, sadly, cannot.
member
Activity: 98
Merit: 10
Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.
legendary
Activity: 2412
Merit: 1044
If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?
hero member
Activity: 882
Merit: 533
Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
Why would you do something like that? Did you not read anything written on the website before investing Huh You can't receive tokens if you've invested from an exchange, online service or similar. If you fail to resolve this with the team in time, you will lose your tokens. Join the Slack team.

f*ck  Cry

No problem, we will be able to solve that after the crowdsale, can you please join slack, we are working on setting up a process to sort these isssues.



Hi,

When importing the NVOT private keys later on, what happens if also other bitcoins still at that address ?
So, should the address be empty (after sending the crowdsale portion out), or can it contain "other bitcoins" also ?

Thanks


Nothing will happen to your bitcoins as they are compliant with NVOT and counterparty assets, you will see both balances in the same address.


I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

I do not know what type of regular promotion are you looking for but as of May 19, 2017, NVO has a signature campaign here in the forum. I believe that this is a regular type of promotion that undoubtedly attracts investors. Not just the advertisement via signature campaign but also the project itself attract investors.

Just found a big banner on coinmarketcap. Check it out. Is that enough promotion for you?


Yes, it is one of the project's promotions.
sr. member
Activity: 490
Merit: 252
I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

I do not know what type of regular promotion are you looking for but as of May 19, 2017, NVO has a signature campaign here in the forum. I believe that this is a regular type of promotion that undoubtedly attracts investors. Not just the advertisement via signature campaign but also the project itself attract investors.

Just found a big banner on coinmarketcap. Check it out. Is that enough promotion for you?
member
Activity: 81
Merit: 10
I wasn't here
Hi,

When importing the NVOT private keys later on, what happens if also other bitcoins still at that address ?
So, should the address be empty (after sending the crowdsale portion out), or can it contain "other bitcoins" also ?

Thanks
newbie
Activity: 21
Merit: 0
Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
Why would you do something like that? Did you not read anything written on the website before investing Huh You can't receive tokens if you've invested from an exchange, online service or similar. If you fail to resolve this with the team in time, you will lose your tokens. Join the Slack team.

f*ck  Cry
legendary
Activity: 2674
Merit: 2965
Terminated.
Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
Why would you do something like that? Did you not read anything written on the website before investing Huh You can't receive tokens if you've invested from an exchange, online service or similar. If you fail to resolve this with the team in time, you will lose your tokens. Join the Slack team.
newbie
Activity: 21
Merit: 0
Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
sr. member
Activity: 476
Merit: 250
Plainly, i would like to say my quotes were ever adviseable to people and when i recommend a crypto  exchange, i feel contemplative about people that may lost their money.
But, i believe the security here on New Venture Opportunities  as you promised to keep customer's security!
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