Topic: NXT :: descendant of Bitcoin - Updated Information - page 447. (Read 2761644 times)

I'm not sure if you just ran out of psych-meds or if you're sucking up to the big holders, but your statements are insane.
They took a "huge risk" ? 50 dollars for 15 million NXT or so is a "huge risk" ?
*Most* of those who "missed out" was people who didn't see the thread or came too late because BCNext shutdown the IPO hastily.
I have used the arguments you are regurgitating too many times in the last 3 months of marketing and arguing with skeptics, so I know them in and out.
This isn't about big stakeholders handing out NXT to random people, but to FUND marketing, FUND development, FUND incentives for people to give a fuck of NXT's health.

And it's also about fairness. Right now most of the stakeholders are just like the CEOs of Walmart. They take all the money and let people do all the work.

How you can justify the idea that because they invested 50 dollars they have this deep deserving right to be millionaires while those who make NXT worth milliones should get none is baffling.

It sounds like you've seen a 5 minute clip of Milton Friedman and think that this trickledown economy is a law of physics. Insane.

int & 0X1fff returns a value between 0 (inclusive) and 8191 (inclusive)

I like the idea of parallel blockchain.

On one "fast" Blockchain:

- By limiting forging power to 1M nxt, we can ensure that at least 1000 fast nodes can manage TF with high TPS. Transaction that have to happen really fast (AM, important transaction, etc.) can take place on such blockchain. High premium quality hardware would be needed to ensure the stability of this blockchain.
 
On another "regular" Blockchain (there can be more than one):

- Transaction that don't require to be fast can unload the "fast" blockchain for which rasberrypi could be use to secure the network.

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.

What do you think?

How do you map the integer type parameter down to the range of items in the dictionary?

Actually, newest browsers have crypto.getRandomValues - so no mouse movement needed in those cases. Of course still necessary for older browsers.

The initial stakeholders don't owe anyone here a goddamn thing. They took the huge risk by buying in early while everyone else called NXT a scam coin. They are under NO obligation to re-distribute the wealth to all those, including me, who missed out because of cynicism or ignorance or whatever. If NXT becomes a huge success, they and they alone deserve to be hugely rewarded for taking that risk. they have every right as free citizens of planet earth to do damn well whatever they please with their windfall.

I think entropy from mouse is needed for javascript (like wesley client) -- not for Java's SecureRandom

As for words, as I said, don't use cryptic words from diceware. 1626 simple words dictionary will just work fine for 128-bit entropy.

+1

Edit: Things don't always go according to rosy plans...we all saw what happened to Etherium's IPO.

Hi, I really like your idea and wan't to implement that in Offspring (actually already did that with the Eglish list). It seems there are lists of words for most languages http://world.std.com/~reinhold/diceware.html available.

I would like some input on the algorithm to combine the words and if and how to generate entropy with the mouse. It does for sure look really interesting to the average user (moving your mouse around to generate a password) but does it make a difference in the case of Curve25519 between doing that and using SecureRandom?

Also great care is put into correctly providing a seed to the PRNG in SecureRandom and you are warned against providing your own seed (which is basically what you do when you move your mouse around and call SecureRendom.setSeed([MOUSE MOVEMENT ENTROPY]) ), so what is more secure? Default (and optimized) SecureRandom or SecureRandom with mouse movement as seed?


Edit: changed the algorithm to explicitly use SHA1PRNG instead of the platform default, call to nextBytes is to force PRNG to seed itself securely

The current process ID (GetCurrentProcessID).
The current thread ID (GetCurrentThreadID).
The tick count since boot time (GetTickCount).
The current time (GetLocalTime).
Various high-precision performance counters (QueryPerformanceCounter).
An MD4 hash of the user's environment block, which includes username, computer name, and search path. [...]
High-precision internal CPU counters, such as RDTSC, RDMSR, RDPMC
[omitted: long lists of low-level system information fields and performance counters] Source: Writing Secure Code, Second Edition. ISBN 0-7356-1722-8.

Probably unlikely to have TF & high TPS and lightweight 'forging' nodes.  As clients, fine.

As I see it, high TPS and reliable TF will require nodes with substantial network and computer hardware.

Think about it.

The benefit of TF is that the forging node is known, and includes (at minimum) account and IP address.

This means the 'bad guys' also know who will forge.  A external bad actor who wishes the network harm simply continues to cycle a DDOS (network AND application-level) to the next forger.  Only substantial expertise and equipment can mitigate that risk.

Only TL;DR version, coz noone would read a full one.

It picks directly from an array of words. Why?

I've got a lot of catching up to do in this thread, also.  For now, I will say a few things off the top of my head.  

First, we have got to pay more attention to NXT as a 1st generation coin, and call it a coin, without "quotation marks" or apologies.  We need vendors to accept it and people to want it.  NXT cannot be mined and the ability to forge it requires one to buy it on an exchange first.  We have to give people a reason to buy NXT.  That reason cannot be as a stake to forge more NXT because without exception newcomers are dramatically disappointed when they figure out the true numbers that underlie NXT forging. Doge has a fun factor.  NXT has zero fun factor.  It is a frustrating experience all the way thru - getting a client set up and running, dealing with a super long password or losing all your NXT if you don't, realizing you're not going to make anything of true value by forging with small stake quantities, asking yourself what can you do with this coin you just bought....  Repeat:  NXT is frustrating, Doge is fun.  WE MUST LEARN FROM DOGE AND BE FUN.

Second, we have got to identify just what is 2nd generation about this coin that we really truly are going to support.  Mixing/Zerocash anonymity?  Peer to peer AE?  Multisig gateways to other coins?  Transparent forging TF to get high transaction speed?  Multiple blockchains?  Pruning the main blockchain?  BCNext's latest out-of-left-field proposal for instant transactions based on some kind of multiple account?  Jesus, even the guy with the secret plan is proposing new ideas before completely revealing his old ideas.  This gives me a headache and a stomach ache at the same time.  

TF and 1000TPS is what sold me on this coin and is the ONLY feature we have that is above and beyond all Bitcoin clones and even Etherium on the horizon.  I get that 1000TPS would take dev work, but I thought TF was a done deal.  Now it's not?

Third, we have got to pull together as a team and FOCUS.  FOCUS.  FOCUS.  Maybe the funding committees are the start of this.  I hope so.   I would go so far to say that there needs to be yet another committee election, for a leadership committee, one with no money or unspent NXT behind it at all, just the raw power to say "NXT IS GOING TO DO THIS."  and whose members then can stand up on a stage, virtual or real, in front of people and tell them that NXT is on a course to SOMEWHERE.

Maybe I'm just in dictator withdrawal from pushing the election over the goal line.   Maybe sleep will help.  G'nite.

I'd just like to make a statement about the "initial distribution problem" if I may.

The initial stakeholders don't owe anyone here a goddamn thing. They took the huge risk by buying in early while everyone else called NXT a scam coin. They are under NO obligation to re-distribute the wealth to all those, including me, who missed out because of cynicism or ignorance or whatever. If NXT becomes a huge success, they and they alone deserve to be hugely rewarded for taking that risk. they have every right as free citizens of planet earth to do damn well whatever they please with their windfall.

That being said, if these stakeholders hope to see their investment mature to the point where they'll be able to perhaps buy a trip on Branson's Spaceship one day, they should invest in the future health of NXT in whatever way they see fit based on their own rational self interest.

There's no shortage of affordable NXT on the market. If you want some it's ripe for the picking on an exchange at mere pennies apiece. It's not too late to possibly book your own seat on a future Virgin voyage by simply not making the same mistake twice, taking a risk and buying some NXT. Then and only then will it will be your turn to decide how to invest your hard won investment in a way that you feel will make NXT grow even more.

I'm not a libertarian personally, but I really can't think of anything more free market than the way NXT has unfolded. I have no problem with the original folks being HUGELY rewarded because if they do then I'll be doing pretty good myself. It surprises me to see so many people in this community asking for socialism and redistribution of the wealth.

• Implement TF (which are the different options?) or not?
• Pool forging or not
• Parallel Blockchains (with NXT as mainblockchain snapshot function and base currency) for different purposes/countries
• Parallel Blockchains for different currencies and forging incentives (NXT = high speed, high TPS)

I'm a little overwhelmed. Could somebody help out?

What does your implementation of words.getDiceWd look like?

Sorry dude, I have a feeling not many guys read your long hard to understand posts.