Topic: NXT :: descendant of Bitcoin - Updated Information - page 1849. (Read 2761624 times)

ha sure that too

NXT will make bitcoin look like the pony express. bitcoin does not have the potential to become a significant part of the overall economy.

Separately, I was PM'ed by a certain someone about by "totally tasteless behavior". I so want to debate him in public, but still waiting on his permission to post his PM. Just got permission!

****
Your style of downplaying DGEX at every possible point to promote your exchange is rather tasteless.

I would prefer to see healthy competition come up with mutual respect towards our efforts for the good of NXT community. Arrogant attitude undermining pioneering competition may kick you back sooner than late.

Thank you.

Graviton
*****

I say things that I feel need to be said. I am trying to create an alternative to dgex using peercover and ripple. I have no ownership of either, though I do business with peercover and use ripple for my day job. The NXT community needs a place to trade NXT that they can trust.

Is it healthy competition to pick the EXACT hours of source code release to do a multihour upgrade that introduces unannounced fee changes?

Why exactly did it take so many hours of downtime just to implement new fee structure?

Why wasn't anybody emailed or at least the website updated with announcement of new fees?

Why wasn't there a reasonable amount of time for people to withdraw under the fee structure they deposited with?

Does the fact that trading volume at dgex has gone down 80% have anything to do with your supposedly lowering fees?

If this is tasteless an arrogant behavior that I will get kicked for, then so be it. You have not done good for the NXT community with your behavior on Jan 3rd. NXT community will not forget; you have lost my trust that you care about NXT.

James

nope, you'd be then buying at $11 and up from those who didn't sell at $10

but if they wanted to buy it all up for $10 a share, we could sell it. I wouldn't mind being a millionaire for them to prove their point. and yeah, then we all take our money and start nxtnxt

exactly, which is why id prefer it kept out of circulation market cap figures until then.  And I used to be against your proposal to deny funding of darkNXT accounts but I dont think I am now.

and I guess I do agree with you on that the 0.5.1 release should prohibit those accounts with stolen funds from generating public keys.  We should do it now to try to flush out the thief because he knows if he doesnt xfer it now he'll never get it.  so lets all keep an eye on those accounts

+1 This question was turning in my mind also.

If they buy and destroy 90% of the coins is no problem.
Remaining 10% will be the new whole currency and it will keep working in the same way.

Also if they spend loads of billions to buy 90% of the currency with that money we can start stronger NxT 2.0 .... I don't see the problem.

In this case it doesn't matter if the NXT send to genesis account are destroyed or not.
Because the effect would be the same if the NXT stay in the big buyers account without the intention to sell them. They would be out of the system.

And this "attack" work on all cryptocurrency.
And I think if a single buyer can buy all of the supply of a currency, then this currency is probably not threatening enough for them to bother

I thought it'd be really something terrible when you posted in the flaws thread. I am disappointed, to say the least. No solution is needed. They would have already tried that with bitcoin, if that could work. The more price goes up, the more people will want to buy, it works that way with 95% of people this attack is not possible.

I can do some. How much are you looking for?

There is no way to be sure something is darkNXT, it can only be unconfirmed darkNXT. Some point down the road when 64bit keys are cracked, it won't be darkNXT anymore, just belongs to server farm that crack all the darkNXT.

James

Thanks!

So, either the tainted code had a bug and sent to wrong address or we have a very clever thief who uses accts he has the password to but hasn't funded yet, so it looks like darkNXT.

I request a new "feature" for next release. Please make it so that nobody can add a key to these accts in the next release. I think the thief intended to lie low for a while and when we forget about these accts to activate them and retrived loot. Is he that clever? In case he is, why not hard code these accts into new codebase. It already hardcodes genesis block acct #s, small work to prevent heist

James

no, it just means that those accounts havent paid/sent NXT yet.  ET (or his "stalker" as he calls "it) still has the passphrase to those accounts.

Very good, Sir. And so simple!

yes, everyone should keep that part i italicized in mind.  though preferably I wish a API were made that would give the total nxt in circulation as 1billion minus destroyed nxt minus darknxt and I wish coinmarketcap would use that figure

I have "discovered" a serious flaw in NXT. The IMF exists to stop the opposite attack on fiats, eg. massive short selling. CfB says this attack is well known, but I didn't know about it and so maybe you don't know about it either. I was told to post it publicly, so here it is:

****
I have come up with non-standard attack, call it financial attack.

Short term, this "attack" would be considered as fantastic by most NXT'ers and it consists of simply buying up all the NXT. Crazy, expensive?

Consider you are large govt with fiat of trillions of dollars, billion dollars is lunch money. They can easily win the "war on NXT". What happens if large scale accumulation of NXT occurs with $10 billion budget. How much of NXT will be left?

All accumulated NXT can be destroyed by sending to genesis acct permanently crippling NXT market. Or it can be converted to many darkNXT accts so nobody would even realize it is happening. I am assuming if we started seeing a lot of NXT being sent to genesis acct, we would notice, but so far no darkNXT detection is implemented. Without realizing, 90%+ of NXT could be destroyed with $10 billion.

Actually at $10 NXT, who wouldn't sell their NXT, so how much NXT will survive a financial attackers $10/NXT bid, especially if it was done cleverly to avoid detection? 1% left? Maybe even less. With .01 precision, smallest increment will be 10 cents even without any more price increase. NXT would be useless for microtransactions, until support is added for microNXT.

James

P.S. Solution is to not destroy NXT when sent to genesis acct, just have it automatically put into community fund. Also, PREVENT darkNXT at the protocol level. I guess evil financial attacker could simply destroy their key though so even with darkNXT fixed, there is no solution to this attack.

Just checking this myself, but xyzzyx beat me to posting it.

I can confirm that all of these accounts return no public string:

For the record, the lost/stolen NXT is here:

13643712185318669838  contains 100088 NXT taken from Framewood's   697109629372813510  
15182566201738727933  contains 18665 NXT taken from plasticAiredale's    8439060069775407509      
16204974692852323982  contains 7808  NXT taken from PaulyC's  16821029889165561706    
9793828175536096502   contains 18197 NXT taken from newcn's   16886318053889080545    
12152013998194592943  contains  147690 NXT  taken from sparta_cuss's  11794318797680953099    


Note that

16204974692852323982  also contains 1155  NXT moved from four other accounts

and just to check, I ran my account and a couple of other sig accounts, all returned nice fat public keys.

Looks like ET is an unlucky thief.....

Would it be possible to add a simple button in the current ui that leads to the update.html?

please go vote for the forum lay out

thank you

https://forums.nxtcrypto.org/viewtopic.php?f=26&t=343

Pin

I did it locally back when they first were reported.  They didn't have public keys assigned then.

The list from the rickyjames post https://bitcointalk.org/index.php?topic=345619.msg4321533;topicseen#msg4321533 returns:

http://localhost:7874/nxt?requestType=getAccountPublicKey&account=13643712185318669838
{}

http://localhost:7874/nxt?requestType=getAccountPublicKey&account=15182566201738727933
{}

http://localhost:7874/nxt?requestType=getAccountPublicKey&account=16204974692852323982
{}

http://localhost:7874/nxt?requestType=getAccountPublicKey&account=9793828175536096502
{}

http://localhost:7874/nxt?requestType=getAccountPublicKey&account=12152013998194592943
{}

http://localhost:7874/nxt?requestType=getAccountPublicKey&account=16204974692852323982
{}

All haven't had transactions out yet.  Doesn't mean the're necessarily darkNXT, though.


BTW, if you need to check, you can use a public node:
http://node1.nxtbase.com:7874/nxt?requestType=getAccountPublicKey&account=13643712185318669838

for example.