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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1264. (Read 2761629 times)

legendary
Activity: 2142
Merit: 1010
Newbie


I'm thinking of paying 1M from my own pocket. Later we can add BCNext's idea if he has any.

Well, don't you think that if this guy was indeed legit, that he would agree to receive his pay once you tested his implementation?

That's why I asked Anon about escrow service.
legendary
Activity: 2142
Merit: 1010
Newbie

Well, I was asking for the transformation of 'nobody can map input transactions to output transactions' to a knapsack.

Go to that link and search for "If all the profits are 1, we can try to minimize the number of items which exactly fill the knapsack" string.

Or I don't get ur question, sorry.
hero member
Activity: 840
Merit: 1002
Simcoin Developer
I'm thinking of paying 1M from my own pocket. Later we can add BCNext's idea if he has any.

Just wait a bit, would you? If Zerocoin can do it (and they have a paper, reading it right now), then we can do it too.

No reason to pay $70,000 to somebody for a similar idea.
legendary
Activity: 1176
Merit: 1134
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

can you elaborate on how the mixing service can work and why such high risks are involved?
the anonymity feature is quite important in my view.

I can't. I don't know the algo. It costs 1M NXT.
I think the above is the algo for zerocoin: http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf

They even have source code on top of bitcoin released, though my understanding is that it is a slow inefficient version.

I believe their algo is 100% annonymity and 100% coins received and implements a fully cash like behavior

1M NXT to port this to NXT does not sound unreasonable, it is a significant effort to understand the algo enough to port it properly.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com


I'm thinking of paying 1M from my own pocket. Later we can add BCNext's idea if he has any.

Well, don't you think that if this guy was indeed legit, that he would agree to receive his pay once you tested his implementation?
newbie
Activity: 56
Merit: 0

As far as i remember zerocoin has backdoors... I could try to find in BTT if you like, someone mention it somewhere. Not sure based on what he said it.

Bitcoin will probably use Stealth Addresses:  http://www.reddit.com/r/Bitcoin/comments/1v7ayg/revolution_in_bitcoin_privacy_stealth_addresses/
to gain anonymity.

Didn't Cfb once say that Alais + encrypted url = stealth address?
legendary
Activity: 2184
Merit: 1000
This seems very wise....i could be wrong, what do you guys think?

"The Ethereum project is also excited to announce the alpha release of the open source testnet client to the community at the beginning of February. This will give people an opportunity to get involved with the project and experiment with Ethereum scripts and contracts, and gain a better understanding of the technical properties of the Ethereum platform. Launching the testnet at this date will give those interested in the fundraiser a chance to better understand what the Ethereum project is about before participating."

Taken from Ethereum Press release: http://blog.ethereum.org/?p=100/conference-testnet-and-fundraiser-updates


Edit: This is allow dev's time to build for the platform so by time it officially launches they can hit the ground running.  Their adapting....this was pointed out as a major problem and now they are trying to resolve it.

My thinking is that they won't need to do IPO some big guys will fund them.....but maybe they will IPO only to gain acceptance from the community and not fall into the same trap as Ripple.


legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
Daily Update of NXT Top Account distribution:

With Exchange accounts:



Without Exchange accounts:



Data can be found here: https://docs.google.com/spreadsheet/ccc?key=0AtzyrOvYCfTTdEphdjBHNlNUMVZZUXd2RmlNVDRiUWc&usp=sharing

Includes the 2 big Exchange accounts: 10715382765594435905 and 12292439833850569026

Summary of the day: This is the fourth day in a row, that brings a steady decline of NXT the top 60 accounts hold!
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82

Well, I was asking for the transformation of 'nobody can map input transactions to output transactions' to a knapsack.
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.
YES!

Everyone that is developing code to work on top of NXT, eg. clients, AM, etc., when you publish the open source make sure you restrict its usage to NXT and specifically prohibit using it with NXT clones.

It will be totally open source as far as NXT usage is concerned, but no other clone will be able to use it as is. They would need to refactor it so much so that none of the original code is recognizable. Otherwise they would be open to copyright infringement.

Is there an international copyright lawyer lurking that can post a decent legalese paragraph for this?

Something like:

Usage of this software is prohibited for any platform other than NXT, specifically any and all NXT clones. You are free to look at the source code, but you are not allowed to run it on a public network other than the NXT network or NXT testnet. Doing so will violate this license and you will forfeit all other rights and be open to copyright infringement and any other legal remedy open to any NXT stakeholder.

As long as this software is run on the NXT network, the following applies. [insert standard license]

James

Realize this is incompatible with the GPL.  So, if anyone is considering doing this, you'll have to use a different open license.
hero member
Activity: 840
Merit: 1002
Simcoin Developer
Hm. This just came to my mind...

If I were him, I would created that post (on nextcoin.org) in advance, just in case...

Edit: So I might be him and write this to confuse u...

Edit2: Or I wrote the previous "edit" to confuse u more...

Aha, you're getting now why I posted that picture Smiley

No, you haven't done it in advance, it could have been the same language mistake twice...

Anyway,



legendary
Activity: 1176
Merit: 1134
how much would it cost to set up an exchange?? with only nxt/usd nxt/euro nxt/btc btc/usd btc/euro?

The issue isn't cost, as I'm sure you know.  It's regulation.  As soon as you exchange with fiat, you are operating under the jurisdiction of central banks and authorities who make you subject to federal laws related to money exchanges etc.

THAT is the barrier to setting up exchanges like the ones you suggest.
Ripple can do fiat exchange, but almost nobody wants to use ripple.
legendary
Activity: 1176
Merit: 1134
nexern lie about the client release first it was the 26 than 29, now noone knows! HUGE red flag here.

even the dev is saying it is third generation!
I wouldt call it never generation vaporwarecoin.
But luckely you've have articles to read and video to watch, 1M NXT of it.

this is going nowhere its rediculous.
more and more investors start to vent frustrations here dont you see! price is tanking!
GET a GRIP!


emule, it seems to me you are under heavy time pressure and in the need to grab some sources
to get a free client for your other dirty coins. am i right?

if so, i will add a disclaimer to prohibit a plain selling even if you don't care. will also
talk to marcus03 and minusbalancer todo so. iirc there was a ridiculous conversation with NEX
where a guy called frictionless showed his extrem shabby attitude by selling code due to it's
open minded policy. i will never understand how these kind of people still can look into
the mirror every morning. normaly this must be a pain.

anyway, if i am wrong, you can ignore above said but in any case take this:








YES!

Everyone that is developing code to work on top of NXT, eg. clients, AM, etc., when you publish the open source make sure you restrict its usage to NXT and specifically prohibit using it with NXT clones.

It will be totally open source as far as NXT usage is concerned, but no other clone will be able to use it as is. They would need to refactor it so much so that none of the original code is recognizable. Otherwise they would be open to copyright infringement.

Is there an international copyright lawyer lurking that can post a decent legalese paragraph for this?

Something like:

Usage of this software is prohibited for any platform other than NXT, specifically any and all NXT clones. You are free to look at the source code, but you are not allowed to run it on a public network other than the NXT network or NXT testnet. Doing so will violate this license and you will forfeit all other rights and be open to copyright infringement and any other legal remedy open to any NXT stakeholder.

As long as this software is run on the NXT network, the following applies. [insert standard license]

James
legendary
Activity: 2142
Merit: 1010
Newbie
oh wow. if both of our major competitors fail just think about how much capital we would absorb.

Hi. How much do u charge as an escrow agent? Estimated amount is 1M NXT.


You don't want to discuss it first?

Once said that all transactions will go through the mixer.

If (Input Nxt)==/==(output Nxt) for all the transactions, a major issue, and IMHO not all the people will like it

I'm thinking of paying 1M from my own pocket. Later we can add BCNext's idea if he has any.
legendary
Activity: 2142
Merit: 1010
Newbie
Why the NTX coin price is falling ? Any bad new or dump ?

Whales Dolphins

U r welcome. Smiley
legendary
Activity: 2142
Merit: 1010
Newbie
Cfb, you mentioned BCNext says his concept for mixing is not ready. Is mixing something that needs to be implemented ASAP, or can we wait to compare this guy's idea with BCNexts? Does BCNext think this guy's idea is a better solution?

Mixing is a very neat feature. If we launch it before Zerocoin then noone needs Zero. I don't know what BCNext thinks.
full member
Activity: 266
Merit: 100
NXT is the future
Why the NTX coin price is falling ? Any bad new or dump ?

Whales
full member
Activity: 266
Merit: 100
NXT is the future
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.


why not implement zerocoin's zero knowledge proof on top of NXT blockchain using AM?

James

Klee informed but he dont get answer from the devs
legendary
Activity: 2142
Merit: 1010
Newbie
Why the NTX coin price is falling ? Any bad new or dump ?

I see a green candle.
newbie
Activity: 56
Merit: 0
Regarding Mixing Service. Do we need such on-chain service that mixes coins with anonymity-reliability trade-off? 30% anonymity means 70% reliability to get all the coins back. Yes, it means that with 100% anonymity u could get 0% - 200% coins back.

can you elaborate on how the mixing service can work and why such high risks are involved?
the anonymity feature is quite important in my view.

I can't. I don't know the algo. It costs 1M NXT.

Cfb, you mentioned BCNext says his concept for mixing is not ready. Is mixing something that needs to be implemented ASAP, or can we wait to compare this guy's idea with BCNexts? Does BCNext think this guy's idea is a better solution?

Also this:

why not implement zerocoin's zero knowledge proof on top of NXT blockchain using AM?

James

And:
oh wow. if both of our major competitors fail just think about how much capital we would absorb.

Hi. How much do u charge as an escrow agent? Estimated amount is 1M NXT.

Getting Anon to escrow might be a good way forward!
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