NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1406.

makoto1337

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I am not Dorian Nakamoto.

Quote from: mixmaster on February 11, 2015, 05:11:58 AM

Quote from: MrPortMan on February 10, 2015, 10:23:31 PM

世界的本質，表明進程需要開始學習中國。

Whether developers can think up so that blockchain could be stored on cloudy services of this type? http://yunpan.360.cn

There is so much everything, it is a pity on Chinese :c
http://360.cn

Center of the world Pacific Rim.

I don't understand what you are trying to say.

MrPortNem is saying that we should support Chinese nemsters by having nodes in Asia. I am running a node in Tokyo Cool

mixmaster

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Activity: 388

Merit: 250

Quote from: MrPortMan on February 10, 2015, 10:23:31 PM

世界的本質，表明進程需要開始學習中國。

Whether developers can think up so that blockchain could be stored on cloudy services of this type? http://yunpan.360.cn

There is so much everything, it is a pity on Chinese :c
http://360.cn

Center of the world Pacific Rim.

I don't understand what you are trying to say.

MrPortMan

hero member

Activity: 616

Merit: 500

TEZOS

世界的本質，表明進程需要開始學習中國。

Whether developers can think up so that blockchain could be stored on cloudy services of this type? http://yunpan.360.cn

There is so much everything, it is a pity on Chinese :c
http://360.cn

Center of the world Pacific Rim.

KingCole

sr. member

Activity: 348

Merit: 250

Quote from: ?? on ??

everyone upvote please.

http://www.reddit.com/r/Bitcoin/comments/2vfk4j/most_user_friendly_implementation_of_multisig_iv/

Done

gimre

legendary

Activity: 866

Merit: 1002

There's a dumb bot that awards nodes that are visible (therefore useful) for the (test-)network.

You can see his transfers on nembex, by searching for TCU533AYH4TOIXGULHHWZDHHTYYAAXYEEZKF6334

Eadeqa

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Activity: 644

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Quote from: ?? on ??

well how come if heard many times that multisig implementations are not cross compatible between one client and another? Il have to look into multisig more..

If they are not cross compatible how come they get confirmed by blockchain (miners)? There must be some core functionality that is same for it to work on entire bitcoin network. Maybe the problem is that you have to manually send/notify the transaction to other person?

Eadeqa

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Activity: 644

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Quote from: ?? on ??

can I make a multisig account with electrum, make you a signatory if you using mycileum, and make someone else a signatory who uses a different client?

Yes, you should be able to. Why won't it work? It's using same Secp256k1 spec. This is core bitcoin functionality. The multisig addresses starts with '3" (instead of '1') and it's same bitcoin protocol all clients use.

Eadeqa

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Activity: 644

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Quote from: ?? on ??

Quote from: patmast3r on February 10, 2015, 02:35:53 AM

Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

While that is the ideal pov i do want to add some thing from my pov.

@2) I maintain that NEM is NOT the only system with blockchain enforced multi-sig. BTCs multi-sig has to be enforced by the blockchain. It may be right that you have to prepare everything for that on the client side but the blockchain has to enforce it somehow otherwise there is no multi-sig. If I have multi-sig set up and the network still accepts tx without the co-signatories then noone would dare to say BTC has multi-sig because that would be a lie. NEMs implementation is infinitely more userfriendly though.

@4) They have the possibility but I personally doubt that they will use it (eventhough they very much should). From my experience crypto-service providers have their one implementation and try to squeeze every new coin in there no matter what. Everything else is just to much of a hassle for many or even most. At least that's what I suspect.

i get what your saying, but the difference between preparing multisig transactions client side and not being sent out on the network until all signatories have signed is much much different to sending out a partly signed transaction on the blockchain and then being signed by other co-signatories and if it is not signed it is returned.. thats what i mean by "blockchain based" vrs "client side".. and the result of this difference is that nems is infinitely more user friednly as you say and most likely more secure. of course all multisig transactions are at some point put on the blickchain to be confirmed, but its how that is done that makes such a big difference if i understand it correctly.

I don't see much difference. You can create multisig address in BTC that starts with "3' and funds in that address can only be used if more than one person signs the transaction. Almost all bitcoin wallets support this feature
https://www.youtube.com/watch?v=zIbUSaZBJgU

13Darko

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Radix-The Decentralized Finance Protocol

Quote from: jabo38 on February 10, 2015, 08:49:18 AM

Good tips. Thanks for the information. I had played around with Mycelium on iOS and really liked it. I hope they get multisig on iOS soon.

As for NEM, I'd like to add that making an account on NEM is very easy. I can actually make 4 of 4 multsig (or most any number) in under 30 seconds with very few clicks.

I made a video to demonstrate just how easy multisig is on NEM. https://www.youtube.com/watch?v=Jd-ZIbiFuOg

While its true that in NEM we only have one wallet right now, in the future it is completely possible for me to make the multisig account on my phone with one iOS app, and then my friend make transactions with that multisig with a completely different app maker on his Android phone. I think that is pretty cool, because not everybody wants to be locked into the same wallet.

Looks really easy. Nice! Wink

jelin1984

legendary

Activity: 2408

Merit: 1004

sent me some test xem
adress is

TDFASC-HMA2WF-355XDT-QEIDID-O2S2SJ-7KJGPH-QUPG

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

Some people are having problems with 0.5.5 because of some tweaks. The devs have said they are working on it, but for anybody that wants to try, here is how I trouble shot my problems.

What I did was go to search in windows. Type "Java Config".

In the Java control panel click "view". Then delete all the things related to NEM.

Then navigate to the NEM folder and delete the whole thing. C:\Users\user name\nem

Turn off computer and restart. Download the database file. http://bob.nem.ninja/nis5.h2.db-11772.tgz

Also download the stand alone version from http://bob.nem.ninja/ (I had to unzip it and then unzip it a second time)

Then start NIS in the stand alone. Then NCC. Then close them both down. (open the folder called "package". click "runNis" and "runNcc". If you do this correctly some command prompt boxes will pop up and be running code)

After 30 seconds close the NIS and NCC.

New NIS and NCC folders were created. Paste in the database into the NIS folder at C:\Users\user name\nem\nis

Do not put any old wallets in NCC. Just make fresh ones when NCC starts.

Restart NCC and NIS on stand alone.

Go to http://localhost:8989/ncc/web/index.html

jelin1984

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Still waiting news
About

Launch day

jabo38

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Activity: 1232

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mining is so 2012-2013

Quote from: Istanbul34 on February 10, 2015, 08:38:54 AM

Quote from: 13Darko on February 10, 2015, 08:26:13 AM

Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

Multisig is a great feature, but you are wrong saying that other coins don't have their blockchain based multisigs. Well, maybe at the moment they don't, but the will have it. And I'm talking about NXT right now. They are implementing their own realization of multisig in v.1.6 - 1.7 of NRS called "two-phased transactions", which they state is "much more powerful".

Here is the thread about it on their official forum.

And that's not all!

With their "Account Control" release it will be more powerful.

NXT's multisig is made by Kushti who is a very talented developer and he deserves respect for his hard work. As far as I can the base of their multisig will be more or less like NEM's but it will have some integration with voting and/or account control. At that point multisig does gain a lot more power and utility.

I think it would be really cool if NEM's multisig developed along a similar line. Right now this is just the first version and the devs just wanted to make sure just the basics were working so we can go forward with launch.

jabo38

legendary

Activity: 1232

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mining is so 2012-2013

Quote from: Eadeqa on February 10, 2015, 02:32:16 AM

Quote from: jabo38 on February 10, 2015, 02:15:53 AM

I am not the best to answer this, but I will give it a try. With Bitcoin, each service has their own multi-sig adaption; that they have to run extra software that they design themselves on top of the regular Bitcoin client. use NEM asset exchange webpage to make a multisig account. I can sign a transaction on my mobile app made by my friend, and somebody else can sign it on the desktop app made by the core devs, and so on.

I haven't used multisig fearure, but that's not what I see on google

the following bitcoin clients are known to support multi-signature addresses:

Bitcoin-qt
Electrum
Mycelium (Android app)
Android Wallet (Android app)
Airbitz (Android & iOS apps)
BitcoinSpinner (Android app)

Here is screen shot that shows very popular bitcoin wallet that I use (Electrum) supports multisig

https://electrum.orain.org/wiki/Multisig_Wallets

Looks to me BTC (and all it's clones) fully support multisig without third party support. Bitcoin-qt is the main bitcoin client

Good tips. Thanks for the information. I had played around with Mycelium on iOS and really liked it. I hope they get multisig on iOS soon.

As for NEM, I'd like to add that making an account on NEM is very easy. I can actually make 4 of 4 multsig (or most any number) in under 30 seconds with very few clicks.

I made a video to demonstrate just how easy multisig is on NEM. https://www.youtube.com/watch?v=Jd-ZIbiFuOg

While its true that in NEM we only have one wallet right now, in the future it is completely possible for me to make the multisig account on my phone with one iOS app, and then my friend make transactions with that multisig with a completely different app maker on his Android phone. I think that is pretty cool, because not everybody wants to be locked into the same wallet.

Istanbul34

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Merit: 100

Quote from: 13Darko on February 10, 2015, 08:26:13 AM

Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

Multisig is a great feature, but you are wrong saying that other coins don't have their blockchain based multisigs. Well, maybe at the moment they don't, but the will have it. And I'm talking about NXT right now. They are implementing their own realization of multisig in v.1.6 - 1.7 of NRS called "two-phased transactions", which they state is "much more powerful".

Here is the thread about it on their official forum.

And that's not all!

With their "Account Control" release it will be more powerful.

13Darko

hero member

Activity: 621

Merit: 507

Radix-The Decentralized Finance Protocol

Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

edited:
NXT is implementing their own blockchain based realization of multisig in v.1.6 - 1.7 (current v. is 1.4.x) of NRS called "two-phased transactions", which they say is "much more powerful".

Here is the thread about it on their official forum.

Thingamajig

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Activity: 497

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Quote from: patmast3r on February 10, 2015, 02:35:53 AM

Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

While that is the ideal pov i do want to add some thing from my pov.

@2) I maintain that NEM is NOT the only system with blockchain enforced multi-sig. BTCs multi-sig has to be enforced by the blockchain. It may be right that you have to prepare everything for that on the client side but the blockchain has to enforce it somehow otherwise there is no multi-sig. If I have multi-sig set up and the network still accepts tx without the co-signatories then noone would dare to say BTC has multi-sig because that would be a lie. NEMs implementation is infinitely more userfriendly though.

@4) They have the possibility but I personally doubt that they will use it (eventhough they very much should). From my experience crypto-service providers have their one implementation and try to squeeze every new coin in there no matter what. Everything else is just to much of a hassle for many or even most. At least that's what I suspect.

Although i agree, the thing is it's precisely their attitude thats causing so many problems in the crypto world - i think they're going to have to make more of an effort to utilize such new tools if they want to keep their reputation (and crypto's) intact. There's really no excuse.

They've been given the means, they should set their priorities straight and take that opportunity even if it does require a bit more effort. The consequences significantly outweigh it.

patmast3r

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Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

While that is the ideal pov i do want to add some thing from my pov.

@2) I maintain that NEM is NOT the only system with blockchain enforced multi-sig. BTCs multi-sig has to be enforced by the blockchain. It may be right that you have to prepare everything for that on the client side but the blockchain has to enforce it somehow otherwise there is no multi-sig. If I have multi-sig set up and the network still accepts tx without the co-signatories then noone would dare to say BTC has multi-sig because that would be a lie. NEMs implementation is infinitely more userfriendly though.

@4) They have the possibility but I personally doubt that they will use it (eventhough they very much should). From my experience crypto-service providers have their one implementation and try to squeeze every new coin in there no matter what. Everything else is just to much of a hassle for many or even most. At least that's what I suspect.

Eadeqa

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Activity: 644

Merit: 500

Quote from: jabo38 on February 10, 2015, 02:15:53 AM

I am not the best to answer this, but I will give it a try. With Bitcoin, each service has their own multi-sig adaption; that they have to run extra software that they design themselves on top of the regular Bitcoin client. use NEM asset exchange webpage to make a multisig account. I can sign a transaction on my mobile app made by my friend, and somebody else can sign it on the desktop app made by the core devs, and so on.

I haven't used multisig fearure, but that's not what I see on google

the following bitcoin clients are known to support multi-signature addresses:

Bitcoin-qt
Electrum
Mycelium (Android app)
Android Wallet (Android app)
Airbitz (Android & iOS apps)
BitcoinSpinner (Android app)

Here is screen shot that shows very popular bitcoin wallet that I use (Electrum) supports multisig

https://electrum.orain.org/wiki/Multisig_Wallets

Looks to me BTC (and all it's clones) fully support multisig without third party support. Bitcoin-qt is the main bitcoin client

nzminer

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Activity: 1918

Merit: 1001

Quote from: ?? on ??

Quote from: nzminer on February 09, 2015, 03:00:43 PM

What was the big deal about multisig anyway?
Im not sure why the devs wanted to add this before launch, I would have been happy to wait for it to be added later but it is a good feature, but i should also mention that there are other coins currently already using it.

1) devs will be in control of a huge amount of coins and do not want to risk holding them in regular accounts.. 1 hack = devs lose credibility and nem dies.

2) other coins do have multisig, but not blockchain based multisig. there is a MASSIVE difference.

3) the more skeptical investors, or risk averse, will feel much safer investing in Nem knowing they can secure their investment safely with multisig.

4) 3rd parties(exchanges, payment processors et al) will be able to use multisig to secure funds so we wont have any mtgox, bter, bitstamp [and so] type hacks which make the coin stolen look bad even though its nothing to do with the actual coin(most of the time). also we wont ever end up in the position of nxt having to think about a roll back to recover 5% worth of coins that got stolen.

having multisig ready for launch was the BEST move the devs could have made.

OK, that answers alot i was not aware of.
Thanks

Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1406. (Read 2985369 times)