Author

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 340. (Read 941260 times)

legendary
Activity: 1722
Merit: 1217
yesterday I dreamt about a cool feature: A second password, that you can use to make your account start forge. This password can even be public, as the rewards would always go to that original account.

This password would be generated using the passphrase but there is no way to reconstruct the original password using this second password.

Advantages:
No risk when unlocking the account to forge.
Compatible with cold storage
No need to pay fees to lease the account

Disadvantages:
None really, maybe some extra work to implement Wink

i mentioned this somewhere in like the first 100 pages of the original thread

disadvantage is blockchain bloat. still worth it though. i think its a better option than leased forging by a mile.

Well, then lets pay the min fee in NXT to create those password and store the hash of it in the blockchain.

Ya just sign the public key of the forging keypair with your account key and store that signature + the public key of the forging password in the blockchain. ezpz. it is a little bit of blockchain bloat but really it is very tiny.


I x-posted it in the nxtforum. Lets see what the geniuses say Wink

Hopefully they will do it AND then eliminate leased forging. I wont hold my breath though. Cheesy
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
yesterday I dreamt about a cool feature: A second password, that you can use to make your account start forge. This password can even be public, as the rewards would always go to that original account.

This password would be generated using the passphrase but there is no way to reconstruct the original password using this second password.

Advantages:
No risk when unlocking the account to forge.
Compatible with cold storage
No need to pay fees to lease the account

Disadvantages:
None really, maybe some extra work to implement Wink

i mentioned this somewhere in like the first 100 pages of the original thread

disadvantage is blockchain bloat. still worth it though. i think its a better option than leased forging by a mile.

Well, then lets pay the min fee in NXT to create those password and store the hash of it in the blockchain.

Ya just sign the public key of the forging keypair with your account key and store that signature + the public key of the forging password in the blockchain. ezpz. it is a little bit of blockchain bloat but really it is very tiny.


I x-posted it in the nxtforum. Lets see what the geniuses say Wink
legendary
Activity: 1722
Merit: 1217
yesterday I dreamt about a cool feature: A second password, that you can use to make your account start forge. This password can even be public, as the rewards would always go to that original account.

This password would be generated using the passphrase but there is no way to reconstruct the original password using this second password.

Advantages:
No risk when unlocking the account to forge.
Compatible with cold storage
No need to pay fees to lease the account

Disadvantages:
None really, maybe some extra work to implement Wink

i mentioned this somewhere in like the first 100 pages of the original thread

disadvantage is blockchain bloat. still worth it though. i think its a better option than leased forging by a mile.

Well, then lets pay the min fee in NXT to create those password and store the hash of it in the blockchain.

Ya just sign the public key of the forging keypair with your account key and store that signature + the public key of the forging password in the blockchain. ezpz. it is a little bit of blockchain bloat but really it is very tiny.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
yesterday I dreamt about a cool feature: A second password, that you can use to make your account start forge. This password can even be public, as the rewards would always go to that original account.

This password would be generated using the passphrase but there is no way to reconstruct the original password using this second password.

Advantages:
No risk when unlocking the account to forge.
Compatible with cold storage
No need to pay fees to lease the account

Disadvantages:
None really, maybe some extra work to implement Wink

i mentioned this somewhere in like the first 100 pages of the original thread

disadvantage is blockchain bloat. still worth it though. i think its a better option than leased forging by a mile.

Well, then lets pay the min fee in NXT to create those password and store the hash of it in the blockchain.
legendary
Activity: 1722
Merit: 1217
yesterday I dreamt about a cool feature: A second password, that you can use to make your account start forge. This password can even be public, as the rewards would always go to that original account.

This password would be generated using the passphrase but there is no way to reconstruct the original password using this second password.

Advantages:
No risk when unlocking the account to forge.
Compatible with cold storage
No need to pay fees to lease the account

Disadvantages:
None really, maybe some extra work to implement Wink

i mentioned this somewhere in like the first 100 pages of the original thread

disadvantage is blockchain bloat. still worth it though. i think its a better option than leased forging by a mile.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
yesterday I dreamt about a cool feature: A second password, that you can use to make your account start forge. This password can even be public, as the rewards would always go to that original account.

This password would be generated using the passphrase but there is no way to reconstruct the original password using this second password.

Advantages:
No risk when unlocking the account to forge.
Compatible with cold storage
No need to pay fees to lease the account

Disadvantages:
None really, maybe some extra work to implement Wink
hero member
Activity: 574
Merit: 500
LOL .. Good Point .. Glass half full !!

How difficult would it be to include a 'notification of pending transfer' step
in the wallet that would need to be 'approved' by the wallet holder prior to
authorizing/completing a withdrawal ??

Triff ..

Nxt is implementing phasing of payments. There aren't a lot of details for it but it will mean a transaction is held until another criteria has been met.

There is also new features in Account Control being developed that you sound like you're interested in. Leased Forging is a feature of account control. In the same way you can lease for x blocks, you will also be able 'lock' your account for x blocks or limit withdrawals to specified accounts. You could think of it as a savings account linked to you regular account. And you'll also be able to lease your balance while it is locked. CIYAM is also working on something like this with Automated Transactions.

sr. member
Activity: 952
Merit: 251
"LOL"  aside  ..

I'm assuming there are procedures that would prevent this ..
Cryptsy and Cex.io send an e-mail that I must respond to prior to completing a withdrawal request ..
I've also had accounts that make a phone call with a 'code' that I must type to complete a transaction ..

Triff ..
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
LOL .. Good Point .. Glass half full !!

How difficult would it be to include a 'notification of pending transfer' step
in the wallet that would need to be 'approved' by the wallet holder prior to
authorizing/completing a withdrawal ??

Triff ..

What's the point?? If the robber has access to your account, he will authorize-approve the transaction anyways! LOL!
sr. member
Activity: 952
Merit: 251
LOL .. Good Point .. Glass half full !!

How difficult would it be to include a 'notification of pending transfer' step
in the wallet that would need to be 'approved' by the wallet holder prior to
authorizing/completing a withdrawal ??

Triff ..
hero member
Activity: 574
Merit: 500

http://www.mynxt.info/alerts.php

So, basically, I'll be the first to know that
someone has stolen my coins ??

Triff ..

Or when you get a donation/payment, depending on your outlook on life  Cheesy
sr. member
Activity: 952
Merit: 251

http://www.mynxt.info/alerts.php

So, basically, I'll be the first to know that
someone has stolen my coins ??

Triff ..
hero member
Activity: 574
Merit: 500
legendary
Activity: 1181
Merit: 1002
What is the website (and who runs it) that will alert you by email if your NXT is moved from a specified account?

I was wondering if this could be expanded to include an alert if and when your Node goes down...

http://www.mynxt.info/alerts.php
hero member
Activity: 574
Merit: 500
What is the website (and who runs it) that will alert you by email if your NXT is moved from a specified account?

I was wondering if this could be expanded to include an alert if and when your Node goes down...
hero member
Activity: 574
Merit: 500
Isn't this out of date and we have until august to raise 30% of the funds?

Is it? That would be good  Grin I only found the thread recently... I'll read it all now Embarrassed

Edit: Yes, we have a payment plan   Grin Upthread is edited to match

30% payable by August 3
30% payable in December
40% payable in May
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
Isn't this out of date and we have until august to raise 30% of the funds?
hero member
Activity: 574
Merit: 500
And while you are there voting for your wish list, look at this one too...

https://nxtforum.org/news-and-announcements/votes-needed-should-nxt-be-a-partner-have-a-booth-at-payexpo-2015-for-15k/


TL:DR Nxt was the only crytpo at the payment conference PayExpo 2014 on London. It put Nxt alongside Barclays in the headlines, it gave Nxt a huge exposure to old world banks and financial firms (not crypto firms). Bitcoin have since expressed an interest in being their partner for 2015.

[Edits below]
Luckily, Nxt's contract gives it first dibs for next year as long as we raise the first installment of money by Aug 3.

30% payable by August 3
30% payable in December
40% payable in May
[/edits]

Currently, there is overwhelming support for it but we need to crowd source more funds. So definately vote and then consider donating a few coffees/pints/magazines worth of Nxt Grin It would suck to Bitcoin is on the billboard next year  Cheesy

Go go go!



Long version:

Quote from: Tai Zen
1.  NXT was the official crypto currency partner of the 2014 PayExpo in London.  The cost to be a partner at the expo and have a booth and speaking time on stage is £15,000:

http://www.payexpo.com/page.cfm/ID=1

2.  Here is John Manglaviti (Cointropolis) and Lee Gibson's (TXTcoin) talk at the PayExpo about NXT:

https://www.youtube.com/watch?v=7qOTNHIX77w

3.  Right now, NXT has the option to be the official crypto currency partner of the 2015 PayExpo again for £15,000.  The deadline to make this payment and reserve the partnership and have a booth is June 28th.  If NXT is not a partner then the Bitcoin Foundation will probably fill the void and be the crypto partner.

4. £15,000 is only the "partner & booth" cost.  The hotel/flight cost of sending representatives from the NXT community to the payexpo will also incur additional cost but there will be a year to raise funds for the this.  Right now, if the community wants NXT to be at the 2015 PayExpo again, we will need to raise approximately £15,000 in NXT.

5.  Please leave your "yes" or "no" decision including a reason for your decision.

6.  Donations will also be needed to fund this decision.  if you would like to donate nxt to fund this event, please state the amount of nxt you will commit to this event in your comment.  Once there is enough "yes" votes and enough nxt donations, I will provide a receiving nxt address to receive the funds and pay the payexpo folks.

7.  Myself, QBTC, Damelon, and Uniqueorn are the folks involved in this matter.

8.  If the majority of community votes is "no" we will notify the PayExpo people we are not interested and will not pursue this matter any further.

9.  If the majority of the community vote "yes", and there is enough donation commitments from the community, then we will proceed accordingly.  If the majority vote is "yes" but there is not enough donation commitments coming in, then we will close the issue and not pursue this matter any further.

ADDITIONAL COMMENTS:

10.  Several prominent people in the community are available to convert the donations into fiat off exchange so it will not have an artificial effect on the price of NXT in the case we have enough donations for the event.

11.  Please be sure to submit your vote at the top of this post so your votes can be tallied.

Thanks for your input in this matter.

Tai Zen
hero member
Activity: 2282
Merit: 589
Is this a good idea or not?

It would be more user friendly to have "remember secret  phrase for this session" checked by default on login so the users won't have to enter the secret phrase sending a message/bid  each time.

If that isn't secure, maybe there could be a 4 to 6 digit pin number that the user could use instead of entering the whole password again.  The app should disable the pin number and require full password after 5 unsuccessful pin numbers are used.  

So the login screen would look like this:

"Remember password during this session" checked by default
Under it, a text field that would say "pin number for the session" (only 4 to 6 numbers allowed)




Nice Idea, Just keep it up.
hero member
Activity: 574
Merit: 500
New "Nxt Wish List Vote" is up and running  Grin  You get three votes this time...



Go here to join in >>> https://nxtforum.org/general/nxt-wish-list-the-return/



There are some clear winners at the moment. If you haven't voted yet then do it now or forever hold your peace  Grin
Jump to: