NXT :: descendant of Bitcoin - Updated Information - page 1900.

bitcoinpaul

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Quote from: delulo on January 03, 2014, 07:30:28 AM

Quote from: smartwart on January 03, 2014, 07:24:36 AM

Quote from: delulo on January 03, 2014, 07:20:19 AM

Quote from: delulo on January 03, 2014, 07:07:11 AM

one question. You dont always have to have the newest version installed to be keep your nxt right?

does someone know?

Also: can I save my nxt by copying the nxt folder onto an usb stick?

your nxt will be stored in blockchain.
you can store your pass-phrase on usb stick to save your nxt. (better would be in a password manager like keepass2)
the passphrase is the key to everything!

Ok. So I could erase the whole client folder and not safe anything exept the password and come back in half a year (if nxt still exists), download the new software and have my next again 8and receive and send them)?
That is different to other coins like bitcoin right where saving the folder of the client is a must?

That is wrong. To preserve bitcoins, you have to save the public and private key (and for the non nerds: save your wallet.dat). With NXT, you only save the private key (=your passphrase, which must be different to every other NXT password in the universe)

mcjavar

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Quote from: NxtChg on January 03, 2014, 07:34:01 AM

It's interesting how there are all those checks for amount to be > 0, fee > 0, for proper dead line, yet zero checks for the validity of address, the most important part.

Yeah, let's just convert whatever user sent to BigInt, screw him.

--

No, no matter how you put it, this is ridiculous.

So you are aiming to replace bitcoin and handle at least its market cap of 10 billion dollars, handle 30000 tps and yet do no checksums, when even your grandmother's CD has them to play its music? And the cost of error is losing your money forever?

Pardon my language, but I admire the size of your balls, gentlemen Grin

you should post it here:

https://bitcointalksearch.org/topic/nxt-source-code-flaw-reports-397183

NxtChg

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Activity: 840

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Simcoin Developer

It's interesting how there are all those checks for amount to be > 0, fee > 0, for proper dead line, yet zero checks for the validity of address, the most important part.

Yeah, let's just convert whatever user sent to BigInt, screw him.

--

No, no matter how you put it, this is ridiculous.

So you are aiming to replace bitcoin and handle at least its market cap of 10 billion dollars, handle 30000 tps and yet do no checksums, when even your grandmother's CD has them to play its music? And the cost of error is losing your money forever?

Pardon my language, but I admire the size of your balls, gentlemen Grin

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: swansong on January 03, 2014, 07:06:31 AM

Quote from: EmoneyRu on January 03, 2014, 07:03:55 AM

Quote from: Jean-Luc on January 03, 2014, 07:01:11 AM

https://bitbucket.org/JeanLucPicard/nxt-public

1 file. OMG!

1 file to rule them all

Relax guys. This is made on purpose... as everything in Nxt.

PaulyC

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Activity: 82

Merit: 10

Quote from: bidji29 on January 03, 2014, 07:15:55 AM

Quote from: jl777 on January 03, 2014, 06:57:42 AM

I did my two week audition, I guess I failed.

James

You weren't acknowledge because we are in the biggest thread of this subforum. There is 600+ page. It's hard to spend time on each post. So valuable opinion are diluted.

But now we know a bit more of you, i think people will spend more time reading your post.

It's weird because I was just having a loose conversation via PM with jl777, about how I felt under-thanked by the community, on my discovery of the flawed client floating around..

not reward.. just like "hey thanks man" Actually I don't remember one person saying it. Wink

(not speaking about Gbeirn's awesome donations in anyway from his own personal NXT)

And he's leaving because of being under-valued (sucks to hear that)

Anyways, He clearly is passionate about NXT and I hope his ideas aren't lost.

delulo

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Activity: 441

Merit: 250

Quote from: smartwart on January 03, 2014, 07:24:36 AM

Quote from: delulo on January 03, 2014, 07:20:19 AM

Quote from: delulo on January 03, 2014, 07:07:11 AM

one question. You dont always have to have the newest version installed to be keep your nxt right?

does someone know?

Also: can I save my nxt by copying the nxt folder onto an usb stick?

your nxt will be stored in blockchain.
you can store your pass-phrase on usb stick to save your nxt. (better would be in a password manager like keepass2)
the passphrase is the key to everything!

Ok. So I could erase the whole client folder and not safe anything exept the password and come back in half a year (if nxt still exists), download the new software and have my next again 8and receive and send them)?
That is different to other coins like bitcoin right where saving the folder of the client is a must?

utopianfuture

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Activity: 602

Merit: 268

Internet of Value

Quote from: markn on January 03, 2014, 07:25:16 AM

Quote from: mcjavar on January 03, 2014, 06:53:13 AM

Quote from: markn on January 03, 2014, 06:51:55 AM

Quote from: pmabdsf on January 03, 2014, 06:43:21 AM

Quote from: swansong on January 03, 2014, 06:41:01 AM

dgex problems again...

DGEX is a disaster. They never sent me my approx 1,200 NXT, i emailed them 2+ weeks ago, they replied 1 week later to the effect of "we trust your issue has been resolved". I emailed them back and said it has not, and no reply. Just stole my BTC.

I agree they also cancelled possibility to withdraw NXT for free - I ask why 1,4% its worse than banking fees!!! even Bank America has lower fees. And especially from somebody who apparently came in into NXT from the beginning who don't have to solve financial problems for the rest of his life
well OK, its his offer we don't have to visit Dgex, but don't you think that 1,4% withdrawal fee is very high??

It is. Nxt withdrawal should be free! Graviton!

DGEX Fees starting from 2013-11-28 applicable for now
NXT BUY and SELL: 0%
NXT deposits: 0%
BTC deposits: 0%
NXT cashouts: 1.4%
BTC cashouts: 1.4% to 3.2% (instant) min. 0.0005 BTC

have you ever seen it? 3.2% fee for BTC Is it a joke?

besides all this now the Dgex is down....

They should charge transaction fee but having withdrawal free. The way it is structured now people would have an incentive to leave the money in the exchange to trade around. It is good for the business but not good for customers. I don't like it but I suppose that competitors would pop up pretty soon.

Tompa

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Activity: 224

Merit: 100

Quote from: delulo on January 03, 2014, 07:20:19 AM

Quote from: delulo on January 03, 2014, 07:07:11 AM

one question. You dont always have to have the newest version installed to be keep your nxt right?

does someone know?

Also: can I save my nxt by copying the nxt folder onto an usb stick?

You don't need to keep anything to be able to preserve your NXT currency. You just need to keep your passphrase safe.
Please make a random and long password.

You don't need to keep an equivalent of wallet.dat.

From the http://www.thenxtwiki.org/wiki/Current_Features
Brain wallet
All Nxt account information is stored on the network. Using a secret passphrase, an account can be accessed from any instance of the Nxt software. (This is not very different from Bitcoin; the difference is that there is no automated generation of your passphrase/private key and there is no wallet.dat-like file. A Bitcoin private key still can be bruteforced without access to created wallet.dat file)

Also:
http://www.thenxtwiki.org/wiki/FAQ#Wallet.2C_accounts.2C_and_account_balances

salsacz

hero member

Activity: 490

Merit: 504

so can I create a topic "NXT 2.0" now? Can anyone teach me how to upload the code to the internets? And please here is my btc acc: asansdfoansdopjnaopsdn

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

https://bitcointalksearch.org/topic/nxt-source-code-flaw-reports-397183

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: delulo on January 03, 2014, 07:16:23 AM

Quote from: drmagicblue on January 03, 2014, 07:13:29 AM

Could someone explain why it is intentionally being released with 3 security flaws?

they want to avoid people copying it easily....

here come copycats, even before the release of the source

Verocoin(VRC) https://bitcointalksearch.org/topic/duibuqui-395758

Shares(SHS) https://bitcointalksearch.org/topic/shs-shares-second-generation-crypto-currency-project-announcement-395893

mcjavar

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Activity: 784

Merit: 500

A comment from the nextcoin.org forum regarding Dgex´s sgutdown.

(((((I wonder that how was it even possible to have this crazy idea of shutting down the only working NXT exchange on the same day as the code publishing?))))

They publish the code, if the people will like it they will open the marcet if not, they will put closet and run that`s why they did that 80%.

so..do people like the code?

markn

member

Activity: 81

Merit: 10

Quote from: mcjavar on January 03, 2014, 06:53:13 AM

Quote from: markn on January 03, 2014, 06:51:55 AM

Quote from: pmabdsf on January 03, 2014, 06:43:21 AM

Quote from: swansong on January 03, 2014, 06:41:01 AM

dgex problems again...

DGEX is a disaster. They never sent me my approx 1,200 NXT, i emailed them 2+ weeks ago, they replied 1 week later to the effect of "we trust your issue has been resolved". I emailed them back and said it has not, and no reply. Just stole my BTC.

I agree they also cancelled possibility to withdraw NXT for free - I ask why 1,4% its worse than banking fees!!! even Bank America has lower fees. And especially from somebody who apparently came in into NXT from the beginning who don't have to solve financial problems for the rest of his life
well OK, its his offer we don't have to visit Dgex, but don't you think that 1,4% withdrawal fee is very high??

It is. Nxt withdrawal should be free! Graviton!

DGEX Fees starting from 2013-11-28 applicable for now
NXT BUY and SELL: 0%
NXT deposits: 0%
BTC deposits: 0%
NXT cashouts: 1.4%
BTC cashouts: 1.4% to 3.2% (instant) min. 0.0005 BTC

have you ever seen it? 3.2% fee for BTC Is it a joke?

besides all this now the Dgex is down....

ImmortAlex

hero member

Activity: 784

Merit: 501

Hey devs, I need thread where I will start to complain to sources? Cheesy

Not for bounty, but for pleasure.

smartwart

full member

Activity: 171

Merit: 100

Quote from: delulo on January 03, 2014, 07:20:19 AM

Quote from: delulo on January 03, 2014, 07:07:11 AM

one question. You dont always have to have the newest version installed to be keep your nxt right?

does someone know?

Also: can I save my nxt by copying the nxt folder onto an usb stick?

your nxt will be stored in blockchain.
you can store your pass-phrase on usb stick to save your nxt. (better would be in a password manager like keepass2)
the passphrase is the key to everything!

utopianfuture

sr. member

Activity: 602

Merit: 268

Internet of Value

Quote from: EmoneyRu on January 03, 2014, 07:17:18 AM

Forked

Well, we used 0.4.7e just a few short days ago. It should be enough for reviewers to check whether NXT's fundamental logic works or not.
Where's are CfB bounties for reviewers ?

seek4dream

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Activity: 966

Merit: 501

as long as you and nobody else konw your passphrase, your nxt are safe

swartzfeger

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Activity: 350

Merit: 100

Quote from: salsacz on January 03, 2014, 07:18:39 AM

Quote from: swartzfeger on January 03, 2014, 07:07:51 AM

A very newb question here -- why is there anticipation of a massive value change upon release of the source? People can begin work on releasing alternatives, I get that. The features haven't changed. What am I missing?

Nxt will be accepted in more exchanges, people will trust it more since the code was released.

So can we expect to hear Cryptsy, BTC-E etc news soon?

delulo

sr. member

Activity: 441

Merit: 250

Quote from: delulo on January 03, 2014, 07:07:11 AM

one question. You dont always have to have the newest version installed to be keep your nxt right?

does someone know?

Also: can I save my nxt by copying the nxt folder onto an usb stick?

salsacz

hero member

Activity: 490

Merit: 504

Quote from: swartzfeger on January 03, 2014, 07:07:51 AM

A very newb question here -- why is there anticipation of a massive value change upon release of the source? People can begin work on releasing alternatives, I get that. The features haven't changed. What am I missing?

Nxt will be accepted in more exchanges, people will trust it more since the code was released.

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