Topic: NXT :: descendant of Bitcoin - Updated Information - page 455. (Read 2761645 times)

Ripple (which puts these selling points first as well) has been around longer than Bitcoin or at least nearly as long I believe.

You're talking about the case when the merchant accepts the transaction, before even seeing it confirmed even once?

Thanks  

If the merchant has already given you the requested item and after that the first transaction get lost/reverted/etc. (because you spend the money somewhere else) we talk about a double-spend.

Damn, I wanted to make this joke.

edit: I did.

Ok.

(I could not resist)

Well thank you for clearing that up, I appreciate it. You'll find most of us 'free market' people are pretty nice. We generally don't care how other think or feel, so long as we don't have any force initiated on us. Very 'live and let live'. Again, thank you for your sincere apology.

PLEASE PLEASE

When you 'QUOTE'....

EDIT THE 'QUOTE' so it only shows what your reply is relevant too..

Please don't quote whole rivers of text.... dare i say 'this is lazy'  

It will make it a lot lot easier for all of us reading this thread to catch everything...

I'm sure people will forget from time to time but please try to do this.

Thanks  

I'm trying to wrap my mind on the following:


Since the second transaction has a higher fee, it will get on the next block with higher priority, right? Since the first payment won't be confirmed, how can the double-spend succeed?

When you forge, NRS keeps the account secret in memory. In case the account actually gets to forge a block, the secret is needed to sign the generated block. The block is then broadcasted to peers and they will validate the block.

i believe I did enable this for vps1 - vps26 hosts on .nxtcrypto.org

If it is possible to speed up the network, in a resource efficient manor that wasn't out of balance with the purpose for speeding it up I say "Hell Yeah! Do it". If not , there are other options.

I'm sorry I offended you. It was not my intention, my passion causes me to step on toes sometimes and verbal/written sparring is something I enjoy as an art form. I really don't take it personally.  I am sure you are a nice person and have a nice family.

Lol. So you didn't actually deny that those comments were meant to be insulting. Nah, I don't get my feelings hurt by your sorry attempts at trying to make yourself look better by putting someone else down. Like I said, you clearly have some insecurities.

I'd also like to know what's going on with Nxt. The day that Nxt stops offering the services that the market wants, in the name of following government regulations, is the day I (and a LOT of other like-minded people) press the SELL button.

I have not reviewed java code but if we can t send passphrase each time that would be great

Someone still can attempt a double-spending by paying for something with low fee and then sending all their coins to other account with higher fee, making it impossible to confirm the first payment.

Any online nodes have enabled APICors? (for ajax cross domain)

Yep - to log in to a node to make it forge NRS needs the secret.

But to validate an information request? or am I misunderstanding this use-case.

i wasn't thinking there were no cases where NRS needed the secret phrase.
but are there not some cases like this one where tokens would do and they are not being used?

If you want volume the vast majority of transactions are still cash and instant - these are C2B - Customer to Business... and i'm talking about the 'world as a whole' not the 'western world'.

If you want to play in this space you need to be instant, card transactions are not 'instant' - the are authorised, the transaction is accepted with ZERO confirmations but based on a validity check - it requires one confirmation from the card issuer and this is done later.. There is also a complex liability model because of this and that is one reason why fee's are so high. BTW this is also true of pre-pay cards.

Prepay cards exist for FIAT, people will only use them for NXT if there is a reason, why not use FIAT. Card Companies have a strangle hold with fee's on the merchants, to get them to use you - you have to give them an alternative - why are webisites accepting bitcoin - because they are crypto enthusiasts all of a sudden - 'No' they are using it as a way to avoid paying higher card charges and a threat to get the card companies to lower their charges.

If you use existing pre-pay card networks then you pay their fees?? It costs millions in POS infrastructure to roll out your own.

To combat card companies you will see mobile payments moving into this space more and more, there is no crypto capable of 'instant transactions' yet that I have seen. The holy grail is to confirm the transaction end2end between the payer and payee accounts.

Like I posted earlier - Instant is NOT needed for everything, and we should have some kind of slow, faster, instant type of transactions.

When you forge a block, the secret is needed in the cryptographic routine, so it has to go to NRS.