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Topic: NXT :: descendant of Bitcoin - Updated Information - page 434. (Read 2761642 times)

member
Activity: 70
Merit: 10

THIS IS A DISASTER.

I just saw others have shared my sentiments on this, so I'm editing and paring down to this:

If anything 2101 people just got an important lesson on crypto password security. One of those lessons was just a lot more expensive than the others.


sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Then this won't work.


As long as in the client, the user can choose on which blockchain to broadcast his desired transaction (different cost associated to broadcasting depending one the quality of the hardware supporting the blockchain), then high TPS could happen within the nxt network if the user decide to use "fast" premium quality network for specific important transaction.

True - you would use atomic cross-chain txs to move between NXT and NXG (something that AT will be able to provide).


Why not using assets for this?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
I think NXT's focus should be on completing TF to increase the transaction speed, P2P AE and multiple blockchains.

Why do you think TF will increase transaction speed?
legendary
Activity: 1176
Merit: 1134
Thanks!

Could you explain a bit how this GUID makes it immune?

James

P.S. Multisig next?

Each transaction created via sendMoney, etc. returns "guid". An exchange must store it instead of transaction id. Once a transaction is confirmed findObject will return actual transaction id (which can be changed by an adversary).

PS: Multisig will be implemented via AT.
So, using guid we can lookup the txid to verify that Evil Bob's txid he submits is different than the real one and reject him. There is no way for Evil Bob to change the GUID. 10 confirmations is recommended.
legendary
Activity: 2142
Merit: 1010
Newbie
Thanks!

Could you explain a bit how this GUID makes it immune?

James

P.S. Multisig next?

Each transaction created via sendMoney, etc. returns "guid". An exchange must store it instead of transaction id. Once a transaction is confirmed findObject will return actual transaction id (which can be changed by an adversary).

PS: Multisig will be implemented via AT.
legendary
Activity: 1176
Merit: 1134
So, no feedback on "Create NXTcoins"  https://bitcointalksearch.org/topic/m.5611246

I expected using a centralized pool approach would create a reaction like global warming.

Researching pool software and ypool's XPT (x.pushthrough) seems like at pretty good one to use. If anybody knows anything about it and wants to help, here is your chance!

James
legendary
Activity: 1176
Merit: 1134
When are we going to implement lower fees? NXT is a currency and not an investment. I'm an active forger and I want fees to be lowered for NXT's best interest. All we need is a fee low enough to secure the network and I believe 0.01 would do just fine and in the long term would be better for forgers even.
First we need NXT to support fractions, this is happening this month. After that it becomes possible to lower fee. I agree that the lower the fee the more the total revenue will be, even at .01

At .01 I can launch some services that otherwise is to expensive from transaction fees. This also makes trading on AE much less costly.

James
legendary
Activity: 1176
Merit: 1134
I pushed code that supports GUIDs. When Jean-Luc puts it into the production exchanges will be able to use guids to track transactions without worrying about transaction malleability. NIP #1 is not ready yet so I created the solution as I felt it should be.
Thanks!

Could you explain a bit how this GUID makes it immune?

James

P.S. Multisig next?
sr. member
Activity: 421
Merit: 250
HEAT Ledger
We don't need "prompts". Some people will never use strong passwords. And some will not even understand why the password is weak. We need a client that creates password for the user by default. Don't give user easy option to make their own password or you will continue to see this problem every month.

Yet you still want to allow people to enter an existing passphrase when adding an account.
legendary
Activity: 2142
Merit: 1010
Newbie
Pretty good, thank you. And you?

Hey, Emule. Want to jump in? Just a chit chat, no Nxt talk Smiley

I'm good, having a quiet evening in, watching a movie, relaxing before the start of the week...

Yeah, Emule, pull up a virtual chair! Let's get to know each other.  Smiley

Haha. Should be interesting. I've unignored him.
newbie
Activity: 3
Merit: 0
can someone send me some testNXT.  Thanks

14490676957985063422
legendary
Activity: 1092
Merit: 1010
Pretty good, thank you. And you?

Hey, Emule. Want to jump in? Just a chit chat, no Nxt talk Smiley

I'm good, having a quiet evening in, watching a movie, relaxing before the start of the week...

Yeah, Emule, pull up a virtual chair! Let's get to know each other.  Smiley
hero member
Activity: 910
Merit: 1000
How've you been, Paul? Wink

Pretty good, thank you. And you?

Hey, Emule. Want to jump in? Just a chit chat, no Nxt talk Smiley
hero member
Activity: 910
Merit: 1000
I pushed code that supports GUIDs. When Jean-Luc puts it into the production exchanges will be able to use guids to track transactions without worrying about transaction malleability. NIP #1 is not ready yet so I created the solution as I felt it should be.

+1
legendary
Activity: 1092
Merit: 1010
Guys, relax!

Password generator will get implemented in Wesleyh's installer (NRS + nice GUI). And now, move on.

Please read this monster thread before you post Wink

Thank you.

But of course, if you have nothing better to do, just go on with the discussion Roll Eyes

We can also start our own conversation.
It'll be like a pub!

How've you been, Paul? Wink
legendary
Activity: 2142
Merit: 1010
Newbie
I pushed code that supports GUIDs. When Jean-Luc puts it into the production exchanges will be able to use guids to track transactions without worrying about transaction malleability. NIP #1 is not ready yet so I created the solution as I felt it should be.
hero member
Activity: 910
Merit: 1000
Guys, relax!

Password generator will get implemented in Wesleyh's installer (NRS + nice GUI). And now, move on.

Please read this monster thread before you post Wink

Thank you.

But of course, if you have nothing better to do, just go on with the discussion Roll Eyes
full member
Activity: 278
Merit: 100
It would be interesting to a wizard, after install client.

1 - An option button on the client, asking if it's the first time user in NTX, or if he already has an account.
2 - If you already have an account and password is short, less than 30 characters, always get warning that the password is weak, suggesting to create another account and transfer your NXT immediately.
3 - If it is a new account, do not accept less than 30 characters with all possible validations, requiring a percentage of letters, numbers, and special characters.

Only then will work!
full member
Activity: 238
Merit: 100
Dear people,

In the light of all doubts and frustration, I want to give a view from the other side.

Today, I had a follow-up meeting with the co-owner of the following projects, which I have already posted before:

https://trackprotect.com
http://www.soundframework.com/
http://www.rhosmovement.com/

I was introduced to this person a few days ago and he we had some exploratory talks.

In today's talks, we discovered that what Nxt provides with its framework is exactly what he wants from a digital asset system.

Talks are going well, and all involved are satisfied.

This investor does NOT care about the technical side: he has people for that.
He does NOT care to explain to his users how the software works, just THAT it works.
He also does NOT care about the doubt of others: he cares about what hé sees as the potential.

We are four months old. We have an amazing potential: not just as a "coin", bit as a group of talented people who can get things done.

If you want to buy into Emule's playing on your fears, you can. He's very good at that, and a skilled thermometer of where the communities' fears are: that we actually have jack shit, that we will fail, that all your investments will be worthless, that we will be taken down by hoarders, that we will be left standing out in the cold and laughed at.

These are all fears, and people like him are extremely skillful at playing on that. As said: feel free to agree with him. All things he says MAY come to pass. Let's be honest about that. MAY!

I, however, am bolstered once more by a real investor, with a project worth millions of euros and five years of development and a working system, who after only two days and talks with me and some other big Nxt people (developers ánd stakeholder) and who already runs a business, and who thinks what we have is both promising and useful and wants to use it!

I choose to go with that, and also keep in mind that we are young and still very much a developing system.

We have people testing and developing, and that comes with delays and changes of plan when things don't work out the way we thought they would.
NOTHING ever does!

We will be having another talk on Wednesday. I will keep you up to date.

Thanks man! Smiley
full member
Activity: 278
Merit: 100
wesleys client:

Is there any way to display also the forging transactions like in NRS?

Yes, will add this later on.

Wesleyh, I understand your client is going to be the official client that will replace NRS at nxtcrypto.org this week.
About passwords: It might be included already, but it is obvious we need something like a series of prompts to make sure new users use a long password.

We don't need "prompts". Some people will never use strong passwords. And some will not even understand why the password is weak. We need a client that creates password for the user by default. Don't give user easy option to make their own password or you will continue to see this problem every month.



Yeah, clients could create a password in the background and the user would directly see his account number when he open the client for the first time.
It NEED to be that simple

+1
User end = paralytic amoeba! Keep this in mind when developing a front-end.
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