NXT :: descendant of Bitcoin - Updated Information - page 1418.

Agent86

newbie

Activity: 25

Merit: 0

Quote from: joefox on January 22, 2014, 10:08:02 PM

Quote from: Agent86 on January 22, 2014, 09:55:57 PM

I think it would be good if we could make it more difficult for people to accidentally send NXT to a wrong address. Right now if you make any typo you can easily lose NXT. I would much prefer if the account numbers that people use to send NXT are such that only a small percentage of the numbers are potentially valid so if you make a typo it will just error out and know that it can't possibly be a valid NXT address even if it was never used (Bitcoin addresses work like this, if you make a typo you can't send). I would much rather give someone a 25 digit account number to send me money, knowing that if they make a typo it almost certainly errors out than a 20 digit number where one wrong number and your money is gone

Any thoughts?

See: http://wiki.nxtcrypto.org/wiki/New_Address_Format

Thanks joefox and pandaisftw for the info.

I was previously talking about hiberNXT and how it is considered less secure because it is only secured by 2^64 instead of 2^256. I think some people would like to be able to create their key offline and send to it with the full 2^256 security protection (especially if system is in place to detect typos) Is this possible to implement?

New and trying to help; NXT: 81827442798624191

gbeirn

full member

Activity: 126

Merit: 100

I was at 3800 something peers this time yesterday

gbeirn

full member

Activity: 126

Merit: 100

Quote from: shoichikun808 on January 22, 2014, 10:24:12 PM

wonder if Mark Cuban would ever be interested in NXT...

two of his tweets.

One from TODAY
https://twitter.com/mcuban/statuses/426084456202387456
"On the Matter of Why Bitcoin Matters"

and one from last November 22nd.
https://twitter.com/mcuban/statuses/403916745900978176

"I don't want to invest in bitcoin. If virtual currency becomes acceptable I want to invest in the soon to be invented competitors"

would having him invest be bad or good lol?

Someone should tell him he is behind the curve

Edit: I am serious with that, some one who has twitter should tell him that.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

You guys realize, that NXT hast about 80 times more coin supply than BTC and 40 times more than LTC ? If you say we can reach the market capitalization of LTC in this year, than yes! But if you say, we reach the price of 1 NXT = price of 1 LTC, than you are just delusional.

1 NXT = 23$
1000000000= 23000000000 that is 2,x times the marketcapitalisation from BTC, the coin that has the biggest community and is here for 4 years already.

shoichikun808

newbie

Activity: 21

Merit: 0

wonder if Mark Cuban would ever be interested in NXT...

two of his tweets.

One from TODAY
https://twitter.com/mcuban/statuses/426084456202387456
"On the Matter of Why Bitcoin Matters"

and one from last November 22nd.
https://twitter.com/mcuban/statuses/403916745900978176

"I don't want to invest in bitcoin. If virtual currency becomes acceptable I want to invest in the soon to be invented competitors"

would having him invest be bad or good lol?

gbeirn

full member

Activity: 126

Merit: 100

Quote from: dzarmush on January 22, 2014, 10:19:04 PM

Quote from: twistelaar on January 22, 2014, 09:50:55 PM

I heard somebody said Next is going to be 30$ in 2 years, what do you guys think? for 1 year and 2 year?

I'd say it's possible. It's also possible that it's going to be $100. But there is no chance to predict such things. So it's nothing but speculations.

All we can do is make 1-2 month predictions based on info we got now. BCNext can probably see further, but he won't tell.

1NXT=1BTC we all know this Wink

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: twistelaar on January 22, 2014, 09:50:55 PM

I heard somebody said Next is going to be 30$ in 2 years, what do you guys think? for 1 year and 2 year?

I'd say it's possible. It's also possible that it's going to be $100. But there is no chance to predict such things. So it's nothing but speculations.

All we can do is make 1-2 month predictions based on info we got now. BCNext can probably see further, but he won't tell.

swartzfeger

full member

Activity: 350

Merit: 100

Quote from: twistelaar on January 22, 2014, 09:50:55 PM

I heard somebody said Next is going to be 30$ in 2 years, what do you guys think? for 1 year and 2 year?

I'm going to step out on a limb, knowing it's going to fall and someone more informed than me will point and laugh. That's why i like this thread, lots of smart folks here. Cheesy

My layman's bullish*t guess -- I don't see any reason why NXT can't be in LTC territory in 2 years ($25). None at all. Asset Exchange + colored coins, aliases, arbitrary data/messaging, voting... the optimist in me says once these features are in place + major exchanges, NXT can be in LTC range by this fall. This year, 2014, $25+.

The realist in me says I'm a fool.

The realist in me thinks NXT = $8-$10 in 12-24 months. Only with promised features delivered and working, plus 3rd party support with services like Bitpay, SMS gateway, etc. And with a lot of hard work by the community, and a lot of luck (scoring positive articles in the media to drive adoption, etc)

brooklynbtc

sr. member

Activity: 336

Merit: 250

AKA jefdiesel

Quote from: gbeirn on January 22, 2014, 10:10:54 PM

Quote from: brooklynbtc on January 22, 2014, 10:04:50 PM

Ha thanks.. but I was thinking formatted for those sheets you can use in your regular printer.

Here in the US, online business cards are so cheap, you can get 500 for around $20, full color both sides. Label paper a few more bucks and you have the ability to get 500 people signed up to NXT for pennies each, The most expensive part is the NXT themselves, but I would appeal to the community for faucet donations.

This is what I have access to: http://www.dymo.com/en-US/labelwriter-labels

Where are you at? Although I suppose if there was marketing budget for this, cards could be ordered in bulk, label maker could be bought, and cards labeled and shipped to interested attendees for still less than a few pennies each. I'm in the US and can handle North America, I'm sure I could find a European partner to handle the similar job.

gbeirn

full member

Activity: 126

Merit: 100

Quote from: brooklynbtc on January 22, 2014, 10:04:50 PM

Ha thanks.. but I was thinking formatted for those sheets you can use in your regular printer.

Here in the US, online business cards are so cheap, you can get 500 for around $20, full color both sides. Label paper a few more bucks and you have the ability to get 500 people signed up to NXT for pennies each, The most expensive part is the NXT themselves, but I would appeal to the community for faucet donations.

This is what I have access to: http://www.dymo.com/en-US/labelwriter-labels

I'm in the US too, midwest currently but born and raised in Jersey

joefox

full member

Activity: 210

Merit: 100

Quote from: Agent86 on January 22, 2014, 09:55:57 PM

I think it would be good if we could make it more difficult for people to accidentally send NXT to a wrong address. Right now if you make any typo you can easily lose NXT. I would much prefer if the account numbers that people use to send NXT are such that only a small percentage of the numbers are potentially valid so if you make a typo it will just error out and know that it can't possibly be a valid NXT address even if it was never used (Bitcoin addresses work like this, if you make a typo you can't send). I would much rather give someone a 25 digit account number to send me money, knowing that if they make a typo it almost certainly errors out than a 20 digit number where one wrong number and your money is gone

Any thoughts?

See: http://wiki.nxtcrypto.org/wiki/New_Address_Format

brooklynbtc

sr. member

Activity: 336

Merit: 250

AKA jefdiesel

Ha thanks.. but I was thinking formatted for those sheets you can use in your regular printer.

Here in the US, online business cards are so cheap, you can get 500 for around $20, full color both sides. Label paper a few more bucks and you have the ability to get 500 people signed up to NXT for pennies each, The most expensive part is the NXT themselves, but I would appeal to the community for faucet donations.

opticalcarrier

full member

Activity: 238

Merit: 100

Quote from: lr127 on January 22, 2014, 09:28:02 PM

Quote from: rriky92 on January 22, 2014, 09:11:13 PM

is there a byte limit for an alias?

Alias - (0, 100]
URI - [0, 1000]

interesting... so forget about permanently spamming the blockchain with arbitrary messages that *may* eventually get cleaned out; just spam it with aliases to the tune of 1100 bytes per 1NXT per alias???

gbeirn

full member

Activity: 126

Merit: 100

Quote from: brooklynbtc on January 22, 2014, 09:57:12 PM

Quote from: brooklynbtc on January 22, 2014, 09:53:11 PM

Great minds think alike.

Like I said, I'm going to Inside BTC in NYC in April and would love to get a faucet fund set up for this by then.

It can be maintained by a third party, and maybe funded by the half million marketing fund run by Salsacz

Marketing Team could issue redemption codes, with a time code attached, so they start the week of the convention they are created for, even track the IPs and the issuer name. Even an expiration date if desired.

So in my case, I could get a numbered allotment, that would all be valid starting April 1/14, and would all track as being registered to my user name, and given out in NYC, and save the IPs and the block chain transactions so the marketing team could pull back data and see how many new users we can gain out of these conferences.

As well check back in a few weeks and see how many held, how many sold their free NXT and so on. Hugely interesting.

OK EDIT>> I'm interested in doing this whole project, Faucet, code issuing, and data tracking. I'm going to look into setting it up. Anyone interested in helping with building the backend?

thanks

Still thinking, Obviously the allotment of redemption codes would be outputted in a format for label printers, with the "issuers name, date of event, and the code"
You could just print out the 100 or so you were allotted and stick the labels on the back of 100 cards. So easy.

I have a label printer! Not sure how helpful that is, but if you get me the data I can print it and mail it to you

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: Agent86 on January 22, 2014, 09:55:57 PM

Quote from: utopianfuture on January 22, 2014, 09:44:36 PM

Quote from: Sebastien256 on January 22, 2014, 09:40:57 PM

Quote from: ?? on ??

My other concern is what if someone has computers creating a database brute force of 20 digit account numbers and corresponding passphrases that open those account numbers, then they just constantly scan the blockchain for accounts that are sent NXT for the first time that haven't sent NXT out yet and if the number matches a number in their database they can go grab the coins immediately?

That sound like a serious issue to me. Any other toughts on this subjet by other members?

That has been talked about multiple times. The short answer is: there is no issue and you need to understand math.

I can't find the link where it is talked about though.

Thanks for the reply, if you find the link let me know.

My other thought is that I think we could take steps to minimize the chance of user error when using NXT especially with broader adoption. This could be as basic as having the client not allow you to use passphrases less than 20 characters. I have already seen posts from people who lost NXT because they didn't realize that the passphrase was all that was needed to access the NXT from anywhere.

I think it would be good if we could make it more difficult for people to accidentally send NXT to a wrong address. Right now if you make any typo you can easily lose NXT. I would much prefer if the account numbers that people use to send NXT are such that only a small percentage of the numbers are potentially valid so if you make a typo it will just error out and know that it can't possibly be a valid NXT address even if it was never used (Bitcoin addresses work like this, if you make a typo you can't send). I would much rather give someone a 25 digit account number to send me money, knowing that if they make a typo it almost certainly errors out than a 20 digit number where one wrong number and your money is gone

Any thoughts?

New and trying to help. Please donate NXT: 81827442798624191

NRS already warns users of using <30 char passphrases.

Also, a few NXT community members are working on a RS implementation that (hopefully) all future NXT clients will adopt to prevent accidental transactions from typos.

brooklynbtc

sr. member

Activity: 336

Merit: 250

AKA jefdiesel

Quote from: brooklynbtc on January 22, 2014, 09:53:11 PM

Great minds think alike.

Like I said, I'm going to Inside BTC in NYC in April and would love to get a faucet fund set up for this by then.

It can be maintained by a third party, and maybe funded by the half million marketing fund run by Salsacz

Marketing Team could issue redemption codes, with a time code attached, so they start the week of the convention they are created for, even track the IPs and the issuer name. Even an expiration date if desired.

So in my case, I could get a numbered allotment, that would all be valid starting April 1/14, and would all track as being registered to my user name, and given out in NYC, and save the IPs and the block chain transactions so the marketing team could pull back data and see how many new users we can gain out of these conferences.

As well check back in a few weeks and see how many held, how many sold their free NXT and so on. Hugely interesting.

OK EDIT>> I'm interested in doing this whole project, Faucet, code issuing, and data tracking. I'm going to look into setting it up. Anyone interested in helping with building the backend?

thanks

Still thinking, Obviously the allotment of redemption codes would be outputted in a format for label printers, with the "issuers name, date of event, and the code"
You could just print out the 100 or so you were allotted and stick the labels on the back of 100 cards. So easy.

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: Sebastien256 on January 22, 2014, 09:40:57 PM

Quote from: ?? on ??

My other concern is what if someone has computers creating a database brute force of 20 digit account numbers and corresponding passphrases that open those account numbers, then they just constantly scan the blockchain for accounts that are sent NXT for the first time that haven't sent NXT out yet and if the number matches a number in their database they can go grab the coins immediately?

That sound like a serious issue to me. Any other toughts on this subjet by other members?

That would be a huge database (milions of trillions of bytes of data just to store them all). And I suppose you could counter it by sending 1 NXT to an account, registering it's public key, then transferring the rest of your funds there once it is secure.

So it's possible, but it will be extremely expensive for an attacker to do this, so it wouldn't make sense economically.

Agent86

newbie

Activity: 25

Merit: 0

Quote from: utopianfuture on January 22, 2014, 09:44:36 PM

Quote from: Sebastien256 on January 22, 2014, 09:40:57 PM

Quote from: ?? on ??

My other concern is what if someone has computers creating a database brute force of 20 digit account numbers and corresponding passphrases that open those account numbers, then they just constantly scan the blockchain for accounts that are sent NXT for the first time that haven't sent NXT out yet and if the number matches a number in their database they can go grab the coins immediately?

That sound like a serious issue to me. Any other toughts on this subjet by other members?

That has been talked about multiple times. The short answer is: there is no issue and you need to understand math.

I can't find the link where it is talked about though.

Thanks for the reply, if you find the link let me know.

My other thought is that I think we could take steps to minimize the chance of user error when using NXT especially with broader adoption. This could be as basic as having the client not allow you to use passphrases less than 20 characters. I have already seen posts from people who lost NXT because they didn't realize that the passphrase was all that was needed to access the NXT from anywhere.

I think it would be good if we could make it more difficult for people to accidentally send NXT to a wrong address. Right now if you make any typo you can easily lose NXT. I would much prefer if the account numbers that people use to send NXT are such that only a small percentage of the numbers are potentially valid so if you make a typo it will just error out and know that it can't possibly be a valid NXT address even if it was never used (Bitcoin addresses work like this, if you make a typo you can't send). I would much rather give someone a 25 digit account number to send me money, knowing that if they make a typo it almost certainly errors out than a 20 digit number where one wrong number and your money is gone

Any thoughts?

New and trying to help. Please donate NXT: 81827442798624191

brooklynbtc

sr. member

Activity: 336

Merit: 250

AKA jefdiesel

Great minds think alike.

Like I said, I'm going to Inside BTC in NYC in April and would love to get a faucet fund set up for this by then.

It can be maintained by a third party, and maybe funded by the half million marketing fund run by Salsacz

Marketing Team could issue redemption codes, with a time code attached, so they start the week of the convention they are created for, even track the IPs and the issuer name. Even an expiration date if desired.

So in my case, I could get a numbered allotment, that would all be valid starting April 1/14, and would all track as being registered to my user name, and given out in NYC, and save the IPs and the block chain transactions so the marketing team could pull back data and see how many new users we can gain out of these conferences.

As well check back in a few weeks and see how many held, how many sold their free NXT and so on. Hugely interesting.

OK EDIT>> I'm interested in doing this whole project, Faucet, code issuing, and data tracking. I'm going to look into setting it up. Anyone interested in helping with building the backend?

thanks

twistelaar

legendary

Activity: 1148

Merit: 1000

I heard somebody said Next is going to be 30$ in 2 years, what do you guys think? for 1 year and 2 year?

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1418. (Read 2761645 times)