Author

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 396. (Read 941260 times)

hero member
Activity: 1680
Merit: 506
Trphy.io
I had user barrabas on ignored, now I see why in the quotes  Grin

Forged 4 blocks this week only run it for a few hours a day with 300K NXT so, argument invalid



Cool, now I just have to buy 300K NXT. Now where did I put those extra 27 bitcoins? Wink

Hmm they were around 5000 sat two weeks ago

Try some trading, you will win some btc here and there if you choose wisely
hero member
Activity: 1680
Merit: 506
Trphy.io
I had user barrabas on ignored, now I see why in the quotes  Grin

Forged 4 blocks this week only run it for a few hours a day with 300K NXT so, argument invalid



Yes and not only did you forge the fees in the block but also received (or will receive) 4 NSC that are worth 40-60 NXT!

Exactly, that is the thing I like most, even if we forge an empty block we will still get the NSC
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
I had user barrabas on ignored, now I see why in the quotes  Grin

Forged 4 blocks this week only run it for a few hours a day with 300K NXT so, argument invalid



Cool, now I just have to buy 300K NXT. Now where did I put those extra 27 bitcoins? Wink

If you had 30k NXT you can forge 1/10th of his blocks. So 0.4 Blocks worth 0.4 blockfees and 0.4 NSC. Still 4-6 NXT worth!
legendary
Activity: 1736
Merit: 1001
I had user barrabas on ignored, now I see why in the quotes  Grin

Forged 4 blocks this week only run it for a few hours a day with 300K NXT so, argument invalid



Cool, now I just have to buy 300K NXT. Now where did I put those extra 27 bitcoins? Wink
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
I had user barrabas on ignored, now I see why in the quotes  Grin

Forged 4 blocks this week only run it for a few hours a day with 300K NXT so, argument invalid



Yes and not only did you forge the fees in the block but also received (or will receive) 4 NSC that are worth 40-60 NXT!
hero member
Activity: 1680
Merit: 506
Trphy.io
I had user barrabas on ignored, now I see why in the quotes  Grin

Forged 4 blocks this week only run it for a few hours a day with 300K NXT so, argument invalid

legendary
Activity: 1736
Merit: 1001
I have one question.
Wasn't there a problems running NXT software on VPS because of security risk?
I remember in the long locked thread people were advised to not keep the wallet open and forge on VPS
as this was described as insecure.
Huh

Can someone deny (clarify) this?
Thanks.


There is some risk, that's why I posted a safe way of doing it Smiley

Thanks I will mark your words. Smiley
Based on this I have more questions related to NXT or similar coin security.
The question is how securely implement a service based on NXT for example
a website for something would need to do automated payments to users.
To be able to send a payment the wallet needs to be unlocked with a password and
a transaction needs to be sent out.
If the website is hosted by some hosting provider does ti mean that the wallet needs to be
hosted there as well? The script php,asp,python or whatever needs to unlock the wallet
and send the API request.
How this kind of things should be implemented to avoid security risks where the passwords shoud be stored?!
I think anyone that has access to the hosting account or VPS account could hack this or not? what are you suggestions to avoid security risks?

Thanks.



Not really.

You can set up a message buss or queue. The web site sends a message to the Queue. The wallet monitors the queue. This means the wallet can be hosted on a separate server. 

There are always points of failure though. For example, what if someone gained access to the web server and got the key it used to sign messages sent to the queue. Same issue if the wallet service blindly sends everything.

This is usually mitigate with a HOT wallet and a COLD wallet. The HOT wallet is limited to a certain amount of coins. Anything over that is sent to the COLD wallet automatically. This limits and fraudulent claims to the amount in the HOT wallet.

But, bottom line, security should be JOB ONE for any web site that automatically sends coins. Automatically accepting them is so much safer, since there is no need for access to the private key to do this.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
72 owners of 90% of it. They collect 99% of "forging".

Nuff said


Not true. Nuff said:

http://charts.nxtcrypto.org/cDistributionTopAccount.aspx
legendary
Activity: 1162
Merit: 1000
72 owners of 90% of it. They collect 99% of "forging".

Nuff said
hero member
Activity: 1110
Merit: 534
...what are you suggestions to avoid security risks?

Thanks.

Dedicated server only. No VPS, no other shared environment. The whole server dedicated to you and only accessible by you. Best of all if nobody has physical access to it as well, co-located in a datacenter and locked in a cage that only you have keys to. I mean, that's as secure as it can get, apart from getting your own small datacenter or just running a server from your basement Smiley

OK I've got it.
Thanks.
I will mark your words for the 2nd time Smiley
sr. member
Activity: 336
Merit: 260
...what are you suggestions to avoid security risks?

Thanks.

Dedicated server only. No VPS, no other shared environment. The whole server dedicated to you and only accessible by you. Best of all if nobody has physical access to it as well, co-located in a datacenter and locked in a cage that only you have keys to. I mean, that's as secure as it can get, apart from getting your own small datacenter or just running a server from your basement Smiley
hero member
Activity: 1110
Merit: 534
I have one question.
Wasn't there a problems running NXT software on VPS because of security risk?
I remember in the long locked thread people were advised to not keep the wallet open and forge on VPS
as this was described as insecure.
Huh

Can someone deny (clarify) this?
Thanks.


There is some risk, that's why I posted a safe way of doing it Smiley

Thanks I will mark your words. Smiley
Based on this I have more questions related to NXT or similar coin security.
The question is how securely implement a service based on NXT for example
a website for something would need to do automated payments to users.
To be able to send a payment the wallet needs to be unlocked with a password and
a transaction needs to be sent out.
If the website is hosted by some hosting provider does ti mean that the wallet needs to be
hosted there as well? The script php,asp,python or whatever needs to unlock the wallet
and send the API request.
How this kind of things should be implemented to avoid security risks where the passwords shoud be stored?!
I think anyone that has access to the hosting account or VPS account could hack this or not? what are you suggestions to avoid security risks?

Thanks.

sr. member
Activity: 602
Merit: 295
Hail Eris!
The new design of http://www.nxtcommunity.org/ is just amazing. I'm very optimistic that NXT will certainly be the leading crypto currency in the future.
Looks great indeed!  Smiley

But why so much focus on the "nerd" side of Nxt? Is that how new people want to be seen and associated with? As Nxt Nerds?
I think it's a funny part and it surely can be part of the website, but this is to much IMHO.

I just can't take it anymore...  The stock nerd photos on the nxtcommunity site bug me every time I go there.   Using pictures of people dressed up as 'nerds' rather than actual people is rather lame. 
sr. member
Activity: 336
Merit: 260
I have one question.
Wasn't there a problems running NXT software on VPS because of security risk?
I remember in the long locked thread people were advised to not keep the wallet open and forge on VPS
as this was described as insecure.
Huh

Can someone deny (clarify) this?
Thanks.


There is some risk, that's why I posted a safe way of doing it Smiley
hero member
Activity: 1110
Merit: 534
Cheap VPS?

sorry for my ignorance

Yes, you will need a host that will run your NXT software instead of your own computer. VPS is a virtual private server, they can be rented for $5-10/month, and you can run NXT on it and access it with a browser from anywhere in the world.


Hello.

I have one question.
Wasn't there a problems running NXT software on VPS because of security risk?
I remember in the long locked thread people were advised to not keep the wallet open and forge on VPS
as this was described as insecure.
Huh

Can someone deny (clarify) this?
Thanks.
newbie
Activity: 48
Merit: 0
Thank you, that's very interesting! Can you tell me a serious VPS provider?

Monitor http://directspace.net/webhosting/vps/inventory.php for DSVPS.1 because now it is out of stock. I use them.
Also you can check periodically http://lowendbox.com/ http://lowendstock.com/ http://poiskvps.ru/




Do i need for a specific data volume, or is 128mb in the year enough?
hero member
Activity: 490
Merit: 504
Payexpo, not Cebexpo Cheesy
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com

Can't access this page.


We spent 4500 NXT for 1 flight ticket and 650,000 for the conf fee.


The vienna conference fee was 30000 USD? Im cunfused!
hero member
Activity: 490
Merit: 504
Payexpo funds

4500 NXT for Lawyer's flight were sent:
https://docs.google.com/spreadsheets/d/1tKxOuraDKfwHbuGbCJHrs8CStJFHGaYPTxlLsxw0gnI/edit#gid=0

We spent 4500 NXT for 1 flight ticket and 650,000 for the conf fee.

The funds are now divided:

Basic fund:
NXT-XTC5-4XZC-BZ5D-4WRKY
340668734599219
Treasurer: Salsacz
Raised: 708,000 NXT
Remaining: 53,531 NXT

Cointropolis fund: expenses for 2 speakers from USA
NXT-85TZ-6NEN-HQZH-E8UMW
Raised: 214285 NXT (200k Intmain + 14,2K NiftyNikel)
Treasurer: NiftyNikel
spent/expenses: info here: https://nxtforum.org/payexpo-(london-june-11-12-2014)/logistics-plane-taxi-room-and-board/msg29107/#msg29107

Funding for Intmain's 200k donation to Cointropolis:
Info: If I could get some of that back from a larger stakeholder it would be greatly appreciated.
Intmain's acc:
NXT-SQSZ-XNXL-62GV-6ECAN
5341635214821841695
Treasurer: Intmain
Raised: 2000 NXT

Asset Exchange crowdfunding:
Prypto Cards
Asset Name: NXTTXTFund
Account: NXT-UNDA-EHYP-ES2G-D7CRS
Asset Id:  15354079498364983892
Treasurer: TxtCoinsNow

Info:
Quote
As joint effort between NXT and TXT To cover ongoing expenses and to avoid the stress of donations of NXTer’s the Logical choice is to monetize Conference’s. Prypto Cards Prypto cards for NXT Coin by attending Conferences we can easily sell small amounts of NXT Prypto scratch cards Small revenue of a few % but this can soon grow by attracting local resellers. CCC mark. CCC Mark would be based on Reseller Ratings provides a comprehensive tools package designed to help convey trust and influence shoppers to buy. “Above is simply 2 examples to be used” Any funds raised at conventions will be 1st allocated refill the conference budget and surplus funds to be redistributed to funders Disclaimer” we do not promise any returns are guaranteed also warning this is of your own risk”

Other community funding:
Reskinning apps: https://nxtforum.org/general-discussion/london-android/msg32346/#msg32346 (currently just pledging mode)
hero member
Activity: 600
Merit: 500
Nxt-kit developer
Thank you, that's very interesting! Can you tell me a serious VPS provider?

Monitor http://directspace.net/webhosting/vps/inventory.php for DSVPS.1 because now it is out of stock. I use them.
Also you can check periodically http://lowendbox.com/ http://lowendstock.com/ http://poiskvps.ru/
Jump to: