[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 239.

ElitistCA

sr. member

Activity: 477

Merit: 250

Blockchain Just Entered The Real World

Quote from: TauMuon on April 03, 2014, 02:12:36 PM

Quote from: ashapasa on April 03, 2014, 12:39:31 PM

Guys, there is an interesting discussion about NEM vs NXT created my a stakeholder. A few people have said and asked very interesting questions.

https://bitcointalksearch.org/topic/nxt-vs-nem-555401

if you have something to contribute to the discussion please join Wink

I've contributed. Let's try not to turn this into a flame war, but an intelligent discussion!

I ve read your comment. Your last sentence totally killed it!
You should write articles for NEM. Would be good if we would have some nicely written articles on NEM ready with launch.

TauMuon

full member

Activity: 224

Merit: 100

NEM Enthusiast

Quote from: ashapasa on April 03, 2014, 12:39:31 PM

Guys, there is an interesting discussion about NEM vs NXT created my a stakeholder. A few people have said and asked very interesting questions.

https://bitcointalksearch.org/topic/nxt-vs-nem-555401

if you have something to contribute to the discussion please join Wink

I've contributed. Let's try not to turn this into a flame war, but an intelligent discussion!

ashapasa

sr. member

Activity: 420

Merit: 250

Guys, there is an interesting discussion about NEM vs NXT created my a stakeholder. A few people have said and asked very interesting questions.

https://bitcointalksearch.org/topic/nxt-vs-nem-555401

if you have something to contribute to the discussion please join Wink

TauMuon

full member

Activity: 224

Merit: 100

NEM Enthusiast

The forum looks amazing now! Glad the design was changed again.

TauMuon

full member

Activity: 224

Merit: 100

NEM Enthusiast

Quote from: jackedwhite on April 03, 2014, 11:33:39 AM

When you guys implement a wallet make sure that it won't allow any smaller passwords. I was using nxt and playing around with it so I chose a password that was my full name and within one minute my wallet was cleaned out of the small amount of tests funds I had used. I blame myself but I honestly didn't expect someone to be sitting on the network watching for passwords actively. Anyway just my 2 cents. Thanks for all your hard work devs and people working on NEM

I'm pretty sure NEM isn't going to use brain wallets, so this won't be an issue. Also, public and private keys will be strings of letters and numbers, like Bitcoin.

chanc3r

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Activity: 952

Merit: 253

Quote from: Fatih87SK on April 03, 2014, 12:08:30 AM

True. You can save your coins on your PC with offspring.

For those of you new to digital currencies and maybe hoping to get a sizeable amount of NEM... I thought I would correct this and add a few points.

You never 'save' your coins on your PC, you never actually possess them - you 'save' the 'keys' or 'passphrase' to your coins in a wallet if the client implements this - usually the wallet is encrypted with an easier to remember, but still strong password.

You can use your 'passphrase' anywhere with any client as long as you can input it into the client.

Your 'passphrase' is NOT a 'password' is has to be very strong and usually 20 ideally 30+ characters which is why you store it in a wallet and BACKUP the wallet please..

jackedwhite

newbie

Activity: 12

Merit: 0

When you guys implement a wallet make sure that it won't allow any smaller passwords. I was using nxt and playing around with it so I chose a password that was my full name and within one minute my wallet was cleaned out of the small amount of tests funds I had used. I blame myself but I honestly didn't expect someone to be sitting on the network watching for passwords actively. Anyway just my 2 cents. Thanks for all your hard work devs and people working on NEM

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: howi53 on April 03, 2014, 11:15:13 AM

Someone from Germany here?
Any idea, how to support NEM?
Does a German NEM forum exist?

forum.nemcoin.com has a german sub.

pabloangello

legendary

Activity: 1344

Merit: 1001

I would like to see colored coins idea working at last.

Juzion

full member

Activity: 234

Merit: 100

ich bin deutscher und habe schwierigkeiten hier mitzulesen Cheesy

howi53

full member

Activity: 127

Merit: 100

Someone from Germany here?
Any idea, how to support NEM?
Does a German NEM forum exist?

Simakki

hero member

Activity: 697

Merit: 500

I think that ongoing development is really something new. Just look at the screenshots and some of the ideas in NEM, especially with NCC, cos many coins are something that avarage persons does'nt understand or could easily use.
Meaning that, they are made by coders to the techpersons, but not actually with great UX or ease of use.

SIjong

newbie

Activity: 39

Merit: 0

what happend with the sockpuppet guys? There was a working list -refund list- what is with the deposit to this people?

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

NEM is popping up more and more lately. Thread bookmarked and I understand that even the waiting list is long.

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: Come-from-Beyond on April 03, 2014, 09:18:36 AM

Quote from: patmast3r on April 03, 2014, 07:39:43 AM

+ POI

Where could I read more about it? I contacted utopianfuture regarding some issues related to POI but got no answer. He is not a tech guy, so I should contact a developer. Who is writing the core?

A whitepaper will be released when the algo is actually finished. Right now it's still being worked on.
Afaik makoto1337 is implementing POI so he should be who you're looking for

TwinWinNerD

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CEO Bitpanda.com

Quote from: utopianfuture on April 03, 2014, 10:00:39 AM

With Bitcoin you can generate a private key offline without compromising the security (no need 1 out transaction to secure the account as in the case of NXT)

This is indeed true. But the creator implemented this as a feature.

Our dev said, that he will implement a way to broadcast a publickey for any privatekey without sending a transaction.

Also there is a good solution for this now. You can fund an account that never saw the internet. Then sign a transaction offline, and then broadcast it withanother client to the network. This is as secure as BTC coldstorage.

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: TwinWinNerD on April 03, 2014, 09:45:43 AM

Quote from: utopianfuture on April 03, 2014, 09:25:01 AM

Quote from: TwinWinNerD on April 03, 2014, 09:17:22 AM

Quote from: Jaguar0625 on April 03, 2014, 07:29:57 AM

Quote from: Fatih87SK on April 03, 2014, 12:08:30 AM

Quote from: swartzfeger on April 02, 2014, 06:32:54 PM

Quote from: Thingamajig on April 02, 2014, 05:42:30 PM

Quote from: TauMuon on April 02, 2014, 03:09:44 PM

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)

A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know Wink

I am not the tech guy but I think you are mistaken. Private-public key design is different from brain wallet design.

Why do you think that?

With Bitcoin you can generate a private key offline without compromising the security (no need 1 out transaction to secure the account as in the case of NXT)
Alright, it is not my intention to evaluate the security strength of different design. However, it is well-established that brain wallet as the term commonly used is not Bitcoin private-public key design.
https://gist.github.com/gavinandresen/3840286
http://bitscan.com/bitnews/item/the-pros-and-cons-of-brainwallets

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: utopianfuture on April 03, 2014, 09:19:41 AM

Quote from: DeerCoin on April 03, 2014, 09:14:13 AM

I was advised by my cousin that told me how to get signed up for this NEM currency that I should go online and I should go on this board and that I should post in this thread if I wanted to keep my place in line for this IPO or else someone would steal it from me. Why would this happen?

This is not an IPO. You are expected to contribute so you might not be suitable if you are new to the crypto scene.

I do mean every stakeholders are expected to contribute in building NEM. It does not necessarily mean you need to contribute something right now since you could help NEM in the future by running nodes, spreading the words etc. The key word is that stakeholders are expected to contribute at some point. If you think of it as an IPO and you are an investor, then NEM is not for you at this phase.
In short, stakeholders = contributors. Investors = someone putting money in and expect others to do the works, coding, promoting etc. This should be made clear.

TwinWinNerD

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Activity: 1680

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CEO Bitpanda.com

Quote from: utopianfuture on April 03, 2014, 09:25:01 AM

Quote from: TwinWinNerD on April 03, 2014, 09:17:22 AM

Quote from: Jaguar0625 on April 03, 2014, 07:29:57 AM

Quote from: Fatih87SK on April 03, 2014, 12:08:30 AM

Quote from: swartzfeger on April 02, 2014, 06:32:54 PM

Quote from: Thingamajig on April 02, 2014, 05:42:30 PM

Quote from: TauMuon on April 02, 2014, 03:09:44 PM

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)

A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know Wink

I am not the tech guy but I think you are mistaken. Private-public key design is different from brain wallet design.

Why do you think that?

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: TwinWinNerD on April 03, 2014, 09:17:22 AM

Quote from: Jaguar0625 on April 03, 2014, 07:29:57 AM

Quote from: Fatih87SK on April 03, 2014, 12:08:30 AM

Quote from: swartzfeger on April 02, 2014, 06:32:54 PM

Quote from: Thingamajig on April 02, 2014, 05:42:30 PM

Quote from: TauMuon on April 02, 2014, 03:09:44 PM

There are many merits and failings of both brain wallets and desktop wallets. To be honest, I think it's just a matter of personal preference...

It's an interesting discussion, but I think it's pretty much a finality that NEM will be using a desktop wallet system. A poll on the forum a while back, plus a general browse on forums, shows that desktop wallets are preferred by the vast majority of people.

Perhaps the fact that this discussion is happening indicates that a new wallet system is needed, a hybrid of brain and desktop wallets. Perhaps something for the NEM developers to think about in the future?

I'm not one for online wallets to be honest. In fact i'm not one for anything "online" based as i feel i have far less control over the security of whatever it is in question (Whether that be software or, in this case, currency)

A hybrid would be ideal. This to me was the biggest downfall of NXT as online storage has more cons than pro's.

Offspring for Nxt (Win/Mac/Linux) supports local wallets, I believe:

https://github.com/incentivetoken/offspring

True. You can save your coins on your PC with offspring.

At its core, NXT is using a brain wallet. I'm not sure how you can save coins to your PC, unless you are referring to backing up the pass-phrase? Even so, it seems like they could still be unlocked by the network. Or am I missing something?

You know BTC is a brain wallet too right? The wallet of the QT is just a clientside implemention...

The more you know Wink

I am not the tech guy but I think you are mistaken. Private-public key design is different from brain wallet design.

Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 239. (Read 661498 times)