NXT :: descendant of Bitcoin - Updated Information - page 2364.

2X84

newbie

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Quote from: bitcoinrocks on December 18, 2013, 01:39:24 PM

I bought a whole lot of different altcoins right before the crash. The only one that seems to have gone up instead of down is Nxt. Has anyone else noticed this?

Yeah, NXT holding strong! The REAL question is... how long until it hits $20??? Grin

I give it 3-7 months until the market cap reaches 5 Bn.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: bitcoinrocks on December 18, 2013, 01:39:24 PM

I bought a whole lot of different altcoins right before the crash. The only one that seems to have gone up instead of down is Nxt. Has anyone else noticed this?

NXT is not an altcoin, it should not trade that way to. It is totaly different.

Pin

laowai80

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Activity: 98

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Quote from: bitcoinrocks on December 18, 2013, 01:39:24 PM

Has anyone else noticed this?

Yeah, because it's so new, there is no downside

bitcoinrocks

legendary

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I bought a whole lot of different altcoins right before the crash. The only one that seems to have gone up instead of down is Nxt. Has anyone else noticed this?

abctc

legendary

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Quote from: dulinxu on December 18, 2013, 01:21:58 PM

whats different between mastercoin and nxt?

- all the different.
Nothing in common. Starting with the absence of "coin" in the name of Nxt.
Nxt is more then just a coin.
mastercoin is just a parasite on the BTC blockchain.

dulinxu

sr. member

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whats different between mastercoin and nxt?

msin

legendary

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Quote from: nexern on December 18, 2013, 12:02:09 PM

Quote from: Come-from-Beyond on December 18, 2013, 11:03:03 AM

Quote from: PeercoinEnthusiast on December 18, 2013, 11:01:19 AM

This would be AWESOME.

Aye. The only obstacle on a way to the bright future is lack of alt-clients that support these features.

don't worry, NXT | Application Hub, is on it's way, faster than expected. Cool

+1, good work nexern!

JohnyCrypt

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Quote from: PeercoinEnthusiast on December 18, 2013, 12:13:17 PM

Quote from: msin on December 18, 2013, 12:08:37 PM

Quote from: Come-from-Beyond on December 18, 2013, 11:49:32 AM

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

You are entering the vicinity of an area adjacent to a location. The kind of place where there might be a monster, or some kind of weird mirror. These are just examples; it could also be something much better. Prepare to enter: The Scary Door.

mcjavar

hero member

Activity: 784

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Quote from: pinarello on December 18, 2013, 12:19:58 PM

Quote from: PeercoinEnthusiast on December 18, 2013, 12:13:17 PM

Quote from: msin on December 18, 2013, 12:08:37 PM

Quote from: Come-from-Beyond on December 18, 2013, 11:49:32 AM

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

Ok, so that´s how he is doing it

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: PeercoinEnthusiast on December 18, 2013, 12:13:17 PM

Quote from: msin on December 18, 2013, 12:08:37 PM

Quote from: Come-from-Beyond on December 18, 2013, 11:49:32 AM

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

PeercoinEnthusiast

full member

Activity: 126

Merit: 100

JustabitofTime - Co-Founder of CoinTropolis

Quote from: msin on December 18, 2013, 12:08:37 PM

Quote from: Come-from-Beyond on December 18, 2013, 11:49:32 AM

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

Code-from-Beyond mentioned a transfer feature could be added through the auction functionality.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: Come-from-Beyond on December 18, 2013, 11:49:32 AM

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

I believe xibeijan's concern is that if you were to sell the Alias, and give the buyer your Nxt account password, you (seller) would still have access to the account since you know the password of the Nxt account.

nexern

hero member

Activity: 597

Merit: 500

Quote from: Come-from-Beyond on December 18, 2013, 11:03:03 AM

Quote from: PeercoinEnthusiast on December 18, 2013, 11:01:19 AM

This would be AWESOME.

Aye. The only obstacle on a way to the bright future is lack of alt-clients that support these features.

don't worry, NXT | Application Hub, is on it's way, faster than expected. Cool

mcjavar

hero member

Activity: 784

Merit: 500

Quote from: Come-from-Beyond on December 18, 2013, 11:49:32 AM

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

C-f-B you are too active in the forums.. who is coding? Wink

Come-from-Beyond

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Activity: 2142

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Newbie

Quote from: xibeijan on December 18, 2013, 11:43:25 AM

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

If the 2nd person knows the password then it means that the 1st one revealed it. Who r we to decide what account owners r allowed to do with their passwords?

2X84

newbie

Activity: 28

Merit: 0

Quote from: NxtChoice on December 18, 2013, 11:39:44 AM

BTW, let's forge 24/7 to get a lot of fees due to the alias name competition.

I know I'll be! Cool

msin

legendary

Activity: 1470

Merit: 1004

Quote from: shinep on December 18, 2013, 11:20:54 AM

All sounds really exciting....and I cant wait to try it out and see the source code.

I think the only problem with this coin at the moment is hoarding.I hope the situation will change once the source is released.
Otherwise someone else is gonna come up with similar ideas for a coin like 'pxt' which is distributed easily among more people
and at the end of the day for the common user, it doesnt matter if its nxt or pxt, as long as they can get hold of it easily and cheap.

I agree that hoarding would be a concern but consider that 3 weeks ago there were only 71 people with Nxt. Today there are over 1600 people that hold Nxt. I would say that's a pretty natural distribution. After so many years, 900 people still own half of BTC. If you examine the Nxt Blockchain you will see that more and more Nxt is being distributed among the top accounts.

xibeijan

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Quote from: PeercoinEnthusiast on December 18, 2013, 09:22:41 AM

Quote from: Come-from-Beyond on December 18, 2013, 08:36:07 AM

Quote from: PeercoinEnthusiast on December 18, 2013, 08:24:10 AM

1. I purchase candy and link it to mysite.example.com
2. Jill wants to purchase candy from me
3. There is no transfer/sell option. 'candy' is always linked to the same acct number.

Is that correct? I'd love to option to be able to sell these. Also, with NXT amount so low, doesn't that just encourage someone with a crapload of coins to drop 10k on names?

Correct, u have NO option to sell these except by selling ur secret phrase.

Anyone can squat as many names as they wish. NRS picks high-fee transactions in the 1st place.

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.

NxtChoice

full member

Activity: 238

Merit: 100

Quote from: Come-from-Beyond on December 18, 2013, 11:35:45 AM

Quote from: NxtChoice on December 18, 2013, 11:28:02 AM

The Alias is associated with Nxt account, so can Nxt account associate many alias names?

What do u mean? A lot of aliases can direct to one account.

Thanks!

I can't wait to try it out, wow!

BTW, let's forge 24/7 to get a lot of fees due to the alias name competition.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: NxtChoice on December 18, 2013, 11:28:02 AM

The Alias is associated with Nxt account, so can Nxt account associate many alias names?

What do u mean? A lot of aliases can direct to one account.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2364. (Read 2761626 times)