Author

Topic: NXT :: descendant of Bitcoin - Updated Information - page 889. (Read 2761626 times)

hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto

you send btc*1 to bob. bob sends BobsBtcToken*1 to you. you go onto the orderbook for BobsBtcTokens and fill a buy order. Nxt appears in your account. Now you find a ltc gateway. Say betty seems the most trustworthy. Fill a sell order for BettysLtcTokens. Receive BettysLtcTokens*X. Send BettysLtcTokens*X to Betty's nxt address with a message containing your ltc address. Wait for ltc to arrive.

It seems overly complicated now but it'll feel natural once it gets rolling and everyone gets used to it. All steps serve their purpose, these extra steps are the cost of decentralization.

If I read this right - 'No escrow' or atomic completion?
so buyer beware....
Keep in mind this is the first step on the path toward fully automated DAC gateways. Also, to remove the confusion that is inherent in having many different Assets that are all representing the same thing I think it is crucial that we consolidate all assets of the same denomination to a single community asset. This will allow all users to go to a single asset name within AE for BTC and ALL the bids and asks for BTC within AE will be for BTC backed by the federation of gateways. All the federation members take blood oaths, trade first born children, etc. so they work out a way to trust each other. This shifts the risk of choosing the right gateway from the hapless end user who has no clue which gateway is better to each gateway itself. A much better chance of making correct decisions. In the event one of the gateways is lacking somehow, the other gateways could require posting of a bond to cover the risk.

HOWEVER, I think I might have a way to allow all the gateways to trust each other without any bodily parts being involved. I do need somebody who is familiar with multisig to confirm this, or more likely correct where I am being plain silly.

I do not see a problem with deposits of crypto, the end user sends in the crypto to a deposit address and the gateway sweeps it into an account. The problem is with the withdrawal, eg. since I am proposing all assets that represent BTC be fungible with each other, each gateway needs to have access to potentially all the actual BTC.

So, we have a possible solution where all the gateways sweep into a common account. Wait! If all gateways are able to withdraw from it, then if ANY gateway gets hacked or hypnotized by Evil Bob, all the deposits are gone. Not good at all.

This is where I think multisig comes in. What if the sweep account is a multisig acct. All the gateways can easily sweep into the multisig acct, since it is just a matter of sending coin to the right address. Now on withdraw, if we required the signatures from all gateways to do a withdrawal (or super majority?), then no gateway would be able to take off with the deposits, unless all gateways (or super majority) turn evil at the same time.

No I dont know how multisig works well enough to know if this will work, but IF there is a way to do a safe remote multisig authorization and all the gateways are using the same business logic to approve withdrawals, eg. proper AM was sent with appropriate asset, then I think this could work.

Not totally trustless, but as long as all (or super majority) of gateways dont spontaneously turn evil, I think the community would be able to rely on the federation of gateways.

I hope somebody that knows about multisig and another somebody that knows about secure remote signing will be able to validate this, or fix it so it works

James

P.S. I just figured out that we can use a set of AM's for secure remote signing. Granted it is a lot of AM to send if we had to do it for each withdrawal, so maybe we only invoke this level when the amount is larger than the bond put up by the gateway. I think this is getting close to a real solution. Smart guys, please help!!
IMO,it is like XRP gateway.Right?

just like it only without a central point of weakness
And fully automated gateways that automatically peer review each other AND is guaranteed to be 100% backed by actual BTC and nobody has to fiddle with trustlines, etc. This is just like XRP except everything is better!

Since nobody that knows exactly how multisig works, I will try to read up on it and see if this really does the trick. If it does, that means we get somewhat decentralized automatic gateways that we can can trust. All the gateway deposits and withdrawals will be publicly viewable, so there are no controversies in that area. If ever anything like lophie is going happened, it would just be a matter of looking in the NXT blockchain, reparse the AM's and find out where it went.

We probably need to have some sort of manual "fix it" mechanism, but this should be a pretty rare event. All the gateways would have to work together to clear this up. Maybe all minus 1, in case one of the gateways goes MIA, wouldn't want all the funds to become inaccessible. Maybe a deadman's switch can be invoked in case one of the gateways goes away and the key delivered to an independent party. I heard about an electronic escrow service that can be setup for this.

Notice that even if one of the gateways goes defunct, nobody loses anything. At that point, the missing gateways passkey  would be used one last time to transfer all the funds to a new account with appropriate new multisig signers. So no gateway can withdraw any money that all the other gateways dont approve. It seems safer than any centralized exchange to me, but I hope someone more versed in this stuff will comment.

The more I think about this, the more I think it could work. I just wish I knew more details about how multisig works...

James

Hello guys, I woke up from my slumber Smiley. I had the pleasure to fiddle with multisig a little. What you are suggesting (automatic gateways), are NOT applicable. The closest you can reach to automation is that every stake holder that you require his/her signature must have a signing bot or a signing mechanism that is online 24/7, But then again if it is 100% automated....... which trust 5 and not only one? it would certainly make things faster and easier!

If it is about trust then yes, no one can steal and if ONE refused to sign, the coins are as good as burned.
legendary
Activity: 1722
Merit: 1217
i understand how multisig works. thats not the confusing part. its the idea of people honouring each others obligations and doing multisig. when i think of federating i think of people honouring each others agreements but then clearing their balances with each other periodically. so like if you and i federated and we issued 10 silver bars each. and then all 20 bars were redeemed through my gateway. you would owe me 10 silver bars. you would send the bars and then the balances would be cleared. we were able to federate because i trusted you.

oooh i get it now. i see why the wires were getting crossed. if you did a multisig account you wouldn’t be federating you would be incorporating!
legendary
Activity: 1722
Merit: 1217
What actually makes NXT resistant against a +90% attack?
What's a 90% attack?

in essence the idea is that we could fork away and invalidate the stake of the attacker. where as with bitcoin you can not invalidate someones asics. technically though the abandoned fork would be nxt and the new fork would be nxt2. so if you want to be super literal than nxt isnt technically 90% resistant. Also this would only work if the attackers were being obvious. If they were clever about it than it would be very difficult to say conclusively enough that they were malicious. So nxt is kind of resistant to certain kinds of 90% attacks.
What possible purpose would that serve?

sure so like if some group of people formed a cartel with 90% of the stake and started forging empty blocks. we could just fork away and invalidate their stake.
legendary
Activity: 1176
Merit: 1134

you send btc*1 to bob. bob sends BobsBtcToken*1 to you. you go onto the orderbook for BobsBtcTokens and fill a buy order. Nxt appears in your account. Now you find a ltc gateway. Say betty seems the most trustworthy. Fill a sell order for BettysLtcTokens. Receive BettysLtcTokens*X. Send BettysLtcTokens*X to Betty's nxt address with a message containing your ltc address. Wait for ltc to arrive.

It seems overly complicated now but it'll feel natural once it gets rolling and everyone gets used to it. All steps serve their purpose, these extra steps are the cost of decentralization.

If I read this right - 'No escrow' or atomic completion?
so buyer beware....
Keep in mind this is the first step on the path toward fully automated DAC gateways. Also, to remove the confusion that is inherent in having many different Assets that are all representing the same thing I think it is crucial that we consolidate all assets of the same denomination to a single community asset. This will allow all users to go to a single asset name within AE for BTC and ALL the bids and asks for BTC within AE will be for BTC backed by the federation of gateways. All the federation members take blood oaths, trade first born children, etc. so they work out a way to trust each other. This shifts the risk of choosing the right gateway from the hapless end user who has no clue which gateway is better to each gateway itself. A much better chance of making correct decisions. In the event one of the gateways is lacking somehow, the other gateways could require posting of a bond to cover the risk.

HOWEVER, I think I might have a way to allow all the gateways to trust each other without any bodily parts being involved. I do need somebody who is familiar with multisig to confirm this, or more likely correct where I am being plain silly.

I do not see a problem with deposits of crypto, the end user sends in the crypto to a deposit address and the gateway sweeps it into an account. The problem is with the withdrawal, eg. since I am proposing all assets that represent BTC be fungible with each other, each gateway needs to have access to potentially all the actual BTC.

So, we have a possible solution where all the gateways sweep into a common account. Wait! If all gateways are able to withdraw from it, then if ANY gateway gets hacked or hypnotized by Evil Bob, all the deposits are gone. Not good at all.

This is where I think multisig comes in. What if the sweep account is a multisig acct. All the gateways can easily sweep into the multisig acct, since it is just a matter of sending coin to the right address. Now on withdraw, if we required the signatures from all gateways to do a withdrawal (or super majority?), then no gateway would be able to take off with the deposits, unless all gateways (or super majority) turn evil at the same time.

No I dont know how multisig works well enough to know if this will work, but IF there is a way to do a safe remote multisig authorization and all the gateways are using the same business logic to approve withdrawals, eg. proper AM was sent with appropriate asset, then I think this could work.

Not totally trustless, but as long as all (or super majority) of gateways dont spontaneously turn evil, I think the community would be able to rely on the federation of gateways.

I hope somebody that knows about multisig and another somebody that knows about secure remote signing will be able to validate this, or fix it so it works

James

P.S. I just figured out that we can use a set of AM's for secure remote signing. Granted it is a lot of AM to send if we had to do it for each withdrawal, so maybe we only invoke this level when the amount is larger than the bond put up by the gateway. I think this is getting close to a real solution. Smart guys, please help!!
IMO,it is like XRP gateway.Right?

just like it only without a central point of weakness
And fully automated gateways that automatically peer review each other AND is guaranteed to be 100% backed by actual BTC and nobody has to fiddle with trustlines, etc. This is just like XRP except everything is better!

Since nobody that knows exactly how multisig works, I will try to read up on it and see if this really does the trick. If it does, that means we get somewhat decentralized automatic gateways that we can can trust. All the gateway deposits and withdrawals will be publicly viewable, so there are no controversies in that area. If ever anything like lophie is going happened, it would just be a matter of looking in the NXT blockchain, reparse the AM's and find out where it went.

We probably need to have some sort of manual "fix it" mechanism, but this should be a pretty rare event. All the gateways would have to work together to clear this up. Maybe all minus 1, in case one of the gateways goes MIA, wouldn't want all the funds to become inaccessible. Maybe a deadman's switch can be invoked in case one of the gateways goes away and the key delivered to an independent party. I heard about an electronic escrow service that can be setup for this.

Notice that even if one of the gateways goes defunct, nobody loses anything. At that point, the missing gateways passkey  would be used one last time to transfer all the funds to a new account with appropriate new multisig signers. So no gateway can withdraw any money that all the other gateways dont approve. It seems safer than any centralized exchange to me, but I hope someone more versed in this stuff will comment.

The more I think about this, the more I think it could work. I just wish I knew more details about how multisig works...

James
legendary
Activity: 1722
Merit: 1217
Here are the next videos in the interview I did with Anon136:

What is the nxt arbitrary message system?
http://prisonorfreedom.com/what-is-the-nextcoin-nxt-arbitrary-message-system/

What Is A Nextcoin (NXT) Advance Hallmark?
http://prisonorfreedom.com/what-is-a-nextcoin-nxt-advance-hallmark/

What Is The Timeline For Nextcoin (NXT)'s Infrastructure & Feature Development?
http://prisonorfreedom.com/what-is-the-timeline-for-nextcoin-nxts-infrastructure-feature-development/

I still have more video footage to come so stay tuned...

Tai Zen


Jeez we sure did cover a lot of ground didnt we. It felt like it flew by at the time.

That's only half of it.  I still have half more to edit and still working on it.

I'm getting good feedback on it though because people like to associate a face with nxt.

Tai Zen

im glad to hear you are getting good feedback. i haven’t gotten much myself.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
What actually makes NXT resistant against a +90% attack?
What's a 90% attack?

in essence the idea is that we could fork away and invalidate the stake of the attacker. where as with bitcoin you can not invalidate someones asics. technically though the abandoned fork would be nxt and the new fork would be nxt2. so if you want to be super literal than nxt isnt technically 90% resistant. Also this would only work if the attackers were being obvious. If they were clever about it than it would be very difficult to say conclusively enough that they were malicious. So nxt is kind of resistant to certain kinds of 90% attacks.
What possible purpose would that serve?
legendary
Activity: 1722
Merit: 1217

you send btc*1 to bob. bob sends BobsBtcToken*1 to you. you go onto the orderbook for BobsBtcTokens and fill a buy order. Nxt appears in your account. Now you find a ltc gateway. Say betty seems the most trustworthy. Fill a sell order for BettysLtcTokens. Receive BettysLtcTokens*X. Send BettysLtcTokens*X to Betty's nxt address with a message containing your ltc address. Wait for ltc to arrive.

It seems overly complicated now but it'll feel natural once it gets rolling and everyone gets used to it. All steps serve their purpose, these extra steps are the cost of decentralization.

If I read this right - 'No escrow' or atomic completion?
so buyer beware....
Keep in mind this is the first step on the path toward fully automated DAC gateways. Also, to remove the confusion that is inherent in having many different Assets that are all representing the same thing I think it is crucial that we consolidate all assets of the same denomination to a single community asset. This will allow all users to go to a single asset name within AE for BTC and ALL the bids and asks for BTC within AE will be for BTC backed by the federation of gateways. All the federation members take blood oaths, trade first born children, etc. so they work out a way to trust each other. This shifts the risk of choosing the right gateway from the hapless end user who has no clue which gateway is better to each gateway itself. A much better chance of making correct decisions. In the event one of the gateways is lacking somehow, the other gateways could require posting of a bond to cover the risk.

HOWEVER, I think I might have a way to allow all the gateways to trust each other without any bodily parts being involved. I do need somebody who is familiar with multisig to confirm this, or more likely correct where I am being plain silly.

I do not see a problem with deposits of crypto, the end user sends in the crypto to a deposit address and the gateway sweeps it into an account. The problem is with the withdrawal, eg. since I am proposing all assets that represent BTC be fungible with each other, each gateway needs to have access to potentially all the actual BTC.

So, we have a possible solution where all the gateways sweep into a common account. Wait! If all gateways are able to withdraw from it, then if ANY gateway gets hacked or hypnotized by Evil Bob, all the deposits are gone. Not good at all.

This is where I think multisig comes in. What if the sweep account is a multisig acct. All the gateways can easily sweep into the multisig acct, since it is just a matter of sending coin to the right address. Now on withdraw, if we required the signatures from all gateways to do a withdrawal (or super majority?), then no gateway would be able to take off with the deposits, unless all gateways (or super majority) turn evil at the same time.

No I dont know how multisig works well enough to know if this will work, but IF there is a way to do a safe remote multisig authorization and all the gateways are using the same business logic to approve withdrawals, eg. proper AM was sent with appropriate asset, then I think this could work.

Not totally trustless, but as long as all (or super majority) of gateways dont spontaneously turn evil, I think the community would be able to rely on the federation of gateways.

I hope somebody that knows about multisig and another somebody that knows about secure remote signing will be able to validate this, or fix it so it works

James

P.S. I just figured out that we can use a set of AM's for secure remote signing. Granted it is a lot of AM to send if we had to do it for each withdrawal, so maybe we only invoke this level when the amount is larger than the bond put up by the gateway. I think this is getting close to a real solution. Smart guys, please help!!
IMO,it is like XRP gateway.Right?

just like it only without a central point of weakness
legendary
Activity: 1512
Merit: 1004

you send btc*1 to bob. bob sends BobsBtcToken*1 to you. you go onto the orderbook for BobsBtcTokens and fill a buy order. Nxt appears in your account. Now you find a ltc gateway. Say betty seems the most trustworthy. Fill a sell order for BettysLtcTokens. Receive BettysLtcTokens*X. Send BettysLtcTokens*X to Betty's nxt address with a message containing your ltc address. Wait for ltc to arrive.

It seems overly complicated now but it'll feel natural once it gets rolling and everyone gets used to it. All steps serve their purpose, these extra steps are the cost of decentralization.

If I read this right - 'No escrow' or atomic completion?
so buyer beware....
Keep in mind this is the first step on the path toward fully automated DAC gateways. Also, to remove the confusion that is inherent in having many different Assets that are all representing the same thing I think it is crucial that we consolidate all assets of the same denomination to a single community asset. This will allow all users to go to a single asset name within AE for BTC and ALL the bids and asks for BTC within AE will be for BTC backed by the federation of gateways. All the federation members take blood oaths, trade first born children, etc. so they work out a way to trust each other. This shifts the risk of choosing the right gateway from the hapless end user who has no clue which gateway is better to each gateway itself. A much better chance of making correct decisions. In the event one of the gateways is lacking somehow, the other gateways could require posting of a bond to cover the risk.

HOWEVER, I think I might have a way to allow all the gateways to trust each other without any bodily parts being involved. I do need somebody who is familiar with multisig to confirm this, or more likely correct where I am being plain silly.

I do not see a problem with deposits of crypto, the end user sends in the crypto to a deposit address and the gateway sweeps it into an account. The problem is with the withdrawal, eg. since I am proposing all assets that represent BTC be fungible with each other, each gateway needs to have access to potentially all the actual BTC.

So, we have a possible solution where all the gateways sweep into a common account. Wait! If all gateways are able to withdraw from it, then if ANY gateway gets hacked or hypnotized by Evil Bob, all the deposits are gone. Not good at all.

This is where I think multisig comes in. What if the sweep account is a multisig acct. All the gateways can easily sweep into the multisig acct, since it is just a matter of sending coin to the right address. Now on withdraw, if we required the signatures from all gateways to do a withdrawal (or super majority?), then no gateway would be able to take off with the deposits, unless all gateways (or super majority) turn evil at the same time.

No I dont know how multisig works well enough to know if this will work, but IF there is a way to do a safe remote multisig authorization and all the gateways are using the same business logic to approve withdrawals, eg. proper AM was sent with appropriate asset, then I think this could work.

Not totally trustless, but as long as all (or super majority) of gateways dont spontaneously turn evil, I think the community would be able to rely on the federation of gateways.

I hope somebody that knows about multisig and another somebody that knows about secure remote signing will be able to validate this, or fix it so it works

James

P.S. I just figured out that we can use a set of AM's for secure remote signing. Granted it is a lot of AM to send if we had to do it for each withdrawal, so maybe we only invoke this level when the amount is larger than the bond put up by the gateway. I think this is getting close to a real solution. Smart guys, please help!!
IMO,it is like XRP gateway.Right?
legendary
Activity: 1512
Merit: 1004
5 thousand NXT to the person who would talk to BTER owner in Chinese and solve my problem, I need my 100k NXT.

I can help you freely if you need.
member
Activity: 112
Merit: 10
Here are the next videos in the interview I did with Anon136:

What is the nxt arbitrary message system?
http://prisonorfreedom.com/what-is-the-nextcoin-nxt-arbitrary-message-system/

What Is A Nextcoin (NXT) Advance Hallmark?
http://prisonorfreedom.com/what-is-a-nextcoin-nxt-advance-hallmark/

What Is The Timeline For Nextcoin (NXT)'s Infrastructure & Feature Development?
http://prisonorfreedom.com/what-is-the-timeline-for-nextcoin-nxts-infrastructure-feature-development/

I still have more video footage to come so stay tuned...

Tai Zen


Jeez we sure did cover a lot of ground didnt we. It felt like it flew by at the time.

That's only half of it.  I still have half more to edit and still working on it.

I'm getting good feedback on it though because people like to associate a face with nxt.

Tai Zen
legendary
Activity: 1722
Merit: 1217
What actually makes NXT resistant against a +90% attack?
What's a 90% attack?

in essence the idea is that we could fork away and invalidate the stake of the attacker. where as with bitcoin you can not invalidate someones asics. technically though the abandoned fork would be nxt and the new fork would be nxt2. so if you want to be super literal than nxt isnt technically 90% resistant. Also this would only work if the attackers were being obvious. If they were clever about it than it would be very difficult to say conclusively enough that they were malicious. So nxt is kind of resistant to certain kinds of 90% attacks.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
BTC $350 at Gox. Wow.
Good time to buy some cheap NXT.  
sr. member
Activity: 441
Merit: 250
What actually makes NXT resistant against a +90% attack?

Don't know if this answers your question in full, but some relevant discussion here:
https://bitcointalksearch.org/topic/transparent-mining-or-what-makes-nxt-a-2nd-generation-currency-364218

Is there any page / post in there that addresses this question in particular?

legendary
Activity: 1722
Merit: 1217
Here are the next videos in the interview I did with Anon136:

What is the nxt arbitrary message system?
http://prisonorfreedom.com/what-is-the-nextcoin-nxt-arbitrary-message-system/

What Is A Nextcoin (NXT) Advance Hallmark?
http://prisonorfreedom.com/what-is-a-nextcoin-nxt-advance-hallmark/

What Is The Timeline For Nextcoin (NXT)'s Infrastructure & Feature Development?
http://prisonorfreedom.com/what-is-the-timeline-for-nextcoin-nxts-infrastructure-feature-development/

I still have more video footage to come so stay tuned...

Tai Zen


Jeez we sure did cover a lot of ground didnt we. It felt like it flew by at the time.
legendary
Activity: 1722
Merit: 1217

you send btc*1 to bob. bob sends BobsBtcToken*1 to you. you go onto the orderbook for BobsBtcTokens and fill a buy order. Nxt appears in your account. Now you find a ltc gateway. Say betty seems the most trustworthy. Fill a sell order for BettysLtcTokens. Receive BettysLtcTokens*X. Send BettysLtcTokens*X to Betty's nxt address with a message containing your ltc address. Wait for ltc to arrive.

It seems overly complicated now but it'll feel natural once it gets rolling and everyone gets used to it. All steps serve their purpose, these extra steps are the cost of decentralization.

If I read this right - 'No escrow' or atomic completion?
so buyer beware....
I think it is crucial that we consolidate all assets of the same denomination to a single community asset. This will allow all users to go to a single asset name within AE for BTC and ALL the bids and asks for BTC within AE will be for BTC backed by the federation of gateways. All the federation members take blood oaths, trade first born children, etc. so they work out a way to trust each other. This shifts the risk of choosing the right gateway from the hapless end user who has no clue which gateway is better to each gateway itself. A much better chance of making correct decisions. In the event one of the gateways is lacking somehow, the other gateways could require posting of a bond to cover the risk.

A federation could be fine but homogonizing all gatewayes is a VERY bad idea imo. It allows the externalization of costs from the maleficent actor to the good actors. Insurance allows the homogonization of certain actors into federations by pricing the risk so competative federations could be good, though one homogeneous asset would be terrible.
If all the gateways are issuing a BTC asset, why is it a bad idea that all gateway BTC assets are all equal to each other, eg BTC?

Also, if we had a multisig requirement for all withdrawals, would that minimize or eliminate the harm bad actors can do?

It there is something wrong, I would like to understand it and hopefully fix it. This is why I am asking

because Anon136BtcToken is not the same value as SuperScammerSamBtcToken. They are not homogeneous assets. The different risks need to be priced. Insurance companies can help to price in this risk and homogenize it, but if they are homogenizing extremely reliable assets with extremely risky assets than they are infact externalizing the cost of the risk from the risky actors onto reliable actors. They are causing the homodeneous asset to be more expensive than the reliable assets would have been by its self. This is a transfer of cost from superscammersam to anon136.

with that said there are certain advantages to federating. So even though the problem just described will always exist, if the difference in price between the more reliable asset and the less reliable asset is marginal than the advantages of homogeneity can outweigh the problem of externalized costs mentioned in the previous paragraph. Only when the discrepancy is marginal though.

thats why i some federating is good and too much is bad. as for clever scripted workarounds and stuff like that. Like smart contracted bonds or things, or DAC's that allow federation without externalizing costs, that stuff would be great if someone could figure it out. Until we get there though it would be wise to bear some of the previously mentioned things in mind.
Let say there are 5 reputable gateways that are part of the federation. Anybody is free to issue their own BTC, but the federation gateways would only honor the other federation members Assets. They share a single multisig acct for sweeping the deposits and 4+ sign off on withdrawals.

Do you know if this is even possible technically? If it is, wouldnt this provide a much better security for the end users as all the members of the federation are keeping tabs on each other. Kind of the peer verification model NXT nodes do, but at the critical point of withdrawing from the sweep acct.


its overloading my brain trying to figure it out. >.<
sr. member
Activity: 336
Merit: 250
AKA jefdiesel
What actually makes NXT resistant against a +90% attack?

i think a big part is that no one can own 90%+ NXT without the others knowing.. the rest is transparent forging

A government, US, China, Russia, could make a huge investment in ASICS (USAF, Red Army OBVIOUSLY) and let them lurk until they felt the need to pump past 51% on a PoW coin. Bad day, E_War, etc.. then they just FUKCED UP the ecomony

But NXT, needs PoS so you have to OWN the coins, so unless all these people are selling to Galacto-Whales, we are safe, and even then, with TF, the nodes will be agreeing to multiple blocks orders in advance, so the 90%+ would have to commandeer those blocks in a row..

member
Activity: 112
Merit: 10
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
What actually makes NXT resistant against a +90% attack?
What's a 90% attack?
sr. member
Activity: 441
Merit: 250
What actually makes NXT resistant against a +90% attack?
legendary
Activity: 1512
Merit: 1004
nxt.org news:
the domain name nxt.org have been auctioned with 1,3537 USD recently on Sedo platform .
http://news.domain.cn/html/yumingzixun/2014/0207/31292.html

bougt by Nxt community?

They declined my $1,000 offer three weeks ago. Maybe this was their trigger to auction it...

"Thank you for contacting Pool.com customer service.

I did submit your offer to our client but they've declined. They confirmed they do have plans to develop a site using this name and for that reason they have it valued at a higher amount. They did not provide any counter offer. "

Liars Smiley
The good news is Nxt community has owned the domain.
Jump to: