NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 995.

patmast3r

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Quote from: b1007 on October 17, 2015, 03:39:07 AM

Also if you export your wallet (which is making a back up of your wallet), then you automatically also have a back-up of your keyfiles right? So you don't need to safe keyfiles yourself. honestly I think keyfiles are a pain in the ass and I don't know what they are good for...

I think you still didn't look at all into it and have actually no idea what you are talking about. I'm sorry to be so blunt but it's gettin a bit annoying Undecided

What do you mean by keyfile ?

You have 1 or more wallets. 1 wallet can hold many accounts but that doesn't even matter right now.
Your wallet is an encrypted file stored locally on your computer that hold your key.
Noone can decrypt it without the password you chose and as long as you don't pick a crappy password.
Noone will be able to guess your key unless he is the luckies son of a bitch in the entire universe.

Bitcoin uses the same system. Ever heard of a wallet being compromised by guessing a key ?

b1007

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Merit: 500

Quote from: patmast3r on October 17, 2015, 03:39:28 AM

Quote from: b1007 on October 17, 2015, 03:20:39 AM

Correct me if I am wrong but NEM is vulnerable when it comes to the following;

- "Whoever has knowledge of a private key has full control over the associated funds", which implies that if somebody is somehow able to guess your passwords he or she has only full access to your funds if they have access to the wallet file? So that's pretty safe right?

- Somebody who is able to guess your key has by definition access to all your funds? I think this is risky, especially with the coming quantum computers. I think it would be better if a key alone is not enough to hack all your funds. Or am I missing something? Huh

If your able to guess that key then the NSA will hire you no questions asked and pay whatever you want.

I was talking about quantum computers...not guessing...

patmast3r

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Activity: 980

Merit: 1001

Quote from: b1007 on October 17, 2015, 03:20:39 AM

Correct me if I am wrong but NEM is vulnerable when it comes to the following;

- "Whoever has knowledge of a private key has full control over the associated funds", which implies that if somebody is somehow able to guess your passwords he or she has only full access to your funds if they have access to the wallet file? So that's pretty safe right?

- Somebody who is able to guess your key has by definition access to all your funds? I think this is risky, especially with the coming quantum computers. I think it would be better if a key alone is not enough to hack all your funds. Or am I missing something? Huh

If your able to guess that key then the NSA will hire you no questions asked and pay whatever you want.

b1007

sr. member

Activity: 404

Merit: 500

Also if you export your wallet (which is making a back up of your wallet), then you automatically also have a back-up of your keyfiles right? So you don't need to safe keyfiles themselves specifically? honestly I think keyfiles are a pain in the ass and I don't know what they are good for...

b1007

sr. member

Activity: 404

Merit: 500

why have a keyfile in the first place if it only brings with it insecurity? Huh

b1007

sr. member

Activity: 404

Merit: 500

I would feel much more secure if both the NEM Wallet file AND the keyfile were necessary to enter your account and transfer funds...

b1007

sr. member

Activity: 404

Merit: 500

Correct me if I am wrong but NEM is vulnerable when it comes to the following;

- "Whoever has knowledge of a private key has full control over the associated funds", which implies that if somebody is somehow able to guess your passwords he or she has only full access to your funds if they have access to the wallet file? So that's pretty safe right?

- Somebody who is able to guess your key has by definition access to all your funds? I think this is risky, especially with the coming quantum computers. I think it would be better if a key alone is not enough to hack all your funds. Or am I missing something? Huh

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: mill0601 on October 16, 2015, 12:04:06 PM

Quote from: greentea on October 16, 2015, 10:35:28 AM

Go ninja, go ninja, go!

https://news.bitcoin.com/permissioned-blockchains-interview-takao-asayama/

I like the news coverage

Its awesome news!

dandruff1138

hero member

Activity: 700

Merit: 501

1000% ROI Masternode Coin

Quote from: mill0601 on October 16, 2015, 12:04:06 PM

Quote from: greentea on October 16, 2015, 10:35:28 AM

Go ninja, go ninja, go!

https://news.bitcoin.com/permissioned-blockchains-interview-takao-asayama/

I like the news coverage

Actually interesting news, but still no hype and only >800 views...

tyz

legendary

Activity: 3360

Merit: 1533

Thanks for fixing the issues. The faucet is also working for me again. i am using Google Chrome browser, too.

mill0601

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Activity: 1162

Merit: 1000

Quote from: greentea on October 16, 2015, 10:35:28 AM

Go ninja, go ninja, go!

https://news.bitcoin.com/permissioned-blockchains-interview-takao-asayama/

I like the news coverage

greentea

legendary

Activity: 1418

Merit: 1002

Go ninja, go ninja, go!

https://news.bitcoin.com/permissioned-blockchains-interview-takao-asayama/

upsidedown75

legendary

Activity: 1288

Merit: 1036

Okay, now it seems to work. After clicking the button a countdown appears. i need to check later, if i have got any XEM. Btw, i am using Chrome browser with Ubuntu Linux.

Quote from: Quantum_Mechanics on October 15, 2015, 11:50:12 AM

Quote from: upsidedown75 on October 15, 2015, 11:10:33 AM

Hello,
i just tried to claim my first NEM through the faucet on faucet.nem.io but there is no functionality behind the button. i typed in my address and the captcha but the button got grey after clicking and nothing happens. is the faucet working?

Hey',
Yes it's working, try again Wink