What makes your project different?
Asymmetric client side encryption.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 269. (Read 2761645 times)
Asymmetric client side encryption.
What can you build for Nxt?
Nxt Facebook
Nxt Facebook
A decentralized Panopticon, with selfies. I love it.
Someone needs to set this up, and that costs money. For their work they deserve the juice.
Yes, but, to a regular joe, what's the difference between nxt betting and Las Vegas? Or some offshore online casino? The juice. I've talked to so many gamblers that I thought were stupid, but had a very solid understanding of how the juice impacts their bottom line. Lots of gamblers think they can make the correct choice 50.0001% of the time. Most know that they cant make the correct choice 52% or 56% or whatever it is that you need to beat the juice (which is commonly 5% or 10%). Presenting a juice-less betting service would draw new users by the thousands.
A nxt holder would see the price go to the moon in such a situation. The person that sets it up just needs to be a stakeholder (or buy in before setting it up) to get paid.
If my PC is compromised, attacker could simply activate sniffing soft on it and just wait for me to issue an asset... couldn't it be done via https?
Wesleyh's client, once it is included with the Nxt software, is intending to implement the client-side Javascript Curve25519 library. This will allow the server (even on your localhost) to return RAW transaction data to you, which your web browser can sign with your private key LOCALLY. The signed transaction is then broadcast by the server.
In that scenario, risk is minimized. There is, however, no universal fix for dealing with a compromised computer (where malware is capturing keystrokes or clipboard data).
Even more simply: you can always enable https in your nxt/conf/nxt.properties file. You can see the settings here: http://wiki.nxtcrypto.org/wiki/Nxt-default_properties_configuration_file . To do this, create a file called nxt.properties in nxt/conf, and copy the updated settings you want to that file from nxt/conf/nxt-default.properties.
I still do not get why the client does not create a raw transaction on his own completely.
If my PC is compromised, attacker could simply activate sniffing soft on it and just wait for me to issue an asset... couldn't it be done via https?
Wesleyh's client, once it is included with the Nxt software, is intending to implement the client-side Javascript Curve25519 library. This will allow the server (even on your localhost) to return RAW transaction data to you, which your web browser can sign with your private key LOCALLY. The signed transaction is then broadcast by the server.
In that scenario, risk is minimized. There is, however, no universal fix for dealing with a compromised computer (where malware is capturing keystrokes or clipboard data).
Even more simply: you can always enable https in your nxt/conf/nxt.properties file. You can see the settings here: http://wiki.nxtcrypto.org/wiki/Nxt-default_properties_configuration_file . To do this, create a file called nxt.properties in nxt/conf, and copy the updated settings you want to that file from nxt/conf/nxt-default.properties.
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
So you have to pay 1 nxt to send a message or friend somebody?
Yep. But, one could bundle several messages into one AM.
and the fees are planning on dropping to .01
right? i keep reading this.
Correct.
I keep thinking "Diaspora".
What makes your project different?
@chuckone
Thanks for the explanation. I wish AE was out of alpha so that I could work on betting for this year's March Madness. Alas, maybe next year.
Thanks for the explanation. I wish AE was out of alpha so that I could work on betting for this year's March Madness. Alas, maybe next year.
Donations are welcome.
Just kidding. Every action would require a fee??
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
So you have to pay 1 nxt to send a message or friend somebody?
By design messages are not sent on the blockchain as AM's to avoid bloating (in the implementation I'm designing).
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
So you have to pay 1 nxt to send a message or friend somebody?
Yep. But, one could bundle several messages into one AM.
and the fees are planning on dropping to .01
right? i keep reading this.
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
So you have to pay 1 nxt to send a message or friend somebody?
Yep. But, one could bundle several messages into one AM.
And I think there is still a place for juice, just can be whittled down to fair market value.
I think it would be really cool to have juice-less betting on the nxtwork. Would be harder to prosecute as illegal gambling in some countries, since you wouldn't take a profit. And all stakeholders would benefit from the increased traffic and fees.
Someone needs to set this up, and that costs money. For their work they deserve the juice.
Also, if this is running solely as a gateway, exchanging two assets for a going rate (odds) is pretty much invisible, although not untraceable.
Imagine if AE issuance escapes the spam problem and the fees drop to nothing, you could issue an ASSET for
a team for one game, with any random name. people could buy and sell their bets from zerocash mixed coins.
no one would have a clue.
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
So you have to pay 1 nxt to send a message or friend somebody?
@chuckone
Thanks for the explanation. I wish AE was out of alpha so that I could work on betting for this year's March Madness. Alas, maybe next year.
Thanks for the explanation. I wish AE was out of alpha so that I could work on betting for this year's March Madness. Alas, maybe next year.
Time to buy more ?
If NXT is less than $.10 it is still time to buy
You are kidding.
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
If that is so, I would like to see a plugin for the wesleyh client.
You are kidding.
Nope, I have mostly completed the messenger and friend functions, they both piggyback onto the block-chain in a really lightweight manner.
Several thousand lines of Java will need to be approved and added, it wont interfere with the blockchain though.
You are kidding.
Sorry, I don't see what kind of secrets you would need to exchange with a website?
In case of CCT, in order to do a transaction, one trader reveals a secret that is necessary for another trader to do another transaction and so on.
Yea, I keep getting stuck on the trust part. Makes me want to start a website that just has scores, and hopefully the reputation system would show that I'm trustworthy. But, I live in the US, where I'd probably get prosecuted for operating an illegal betting service.
The regulatory thing is a matter on its own. I think NXT should teach people here, too. Especially regarding asset exchange. It is like betting.
The trust issue cannot completely solved when the real world is involved. If does not function cryptographically verifiably.
For instance: that website would publish secret 1 if the game turns to be lost or it would reveal secret 2 otherwise. Regarding the revealed secret the winner can redeem his wager.
But the website must be trustworthy not to reveal the other secret.
Maybe coins are issued to each bettor, and can only be exchanged if they are winners? (this is a half-baked idea)
Maybe.
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