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Topic: NXT :: descendant of Bitcoin - Updated Information - page 57. (Read 2761629 times)

hero member
Activity: 546
Merit: 500
PGP 9CB0902E
1. Can he use his NRS 0.7.5 sometimes even though we are in 8 series? I have set it up for him and since the updates roll out very often  he doesn't know how to update it. If he just logs in sometimes to make a transaction or two, can he run in some kind of trouble?

He'll be forking sooner or later. Is he really a friend of yours? Teach him how to update, and teach him the importance of staying updated. he'll thank you in the long run.

2. What is the maximum length of the password? Can he set for example a 130 character password or it will just get cut after some number of characters. Even though I tell him such a long password is not necessary he insists to have such long passwords.
I am using a 392 char pass. Paranoid much?

The most important question is about special characters. Since he is a foreigner can he use foreign special characters in his password. Characters like €, £, à, ç, ć, š, etc..  He is accessing his account without any problems at the moment but he wants to know can he have a problem in the future when new clients will come out etc. Can these characters somehow be changed and if he uses them, can he lose access to his account one time in the future.
Similarly, in a 392 char password, i've been using special characters, along with non-latin characters successfully so far..

These from me, hopefully someone more knowledgeable will help out.
hero member
Activity: 574
Merit: 500
Find the info on leased forging and hubs (you have read about this as you have referenced it). Find the discussion about how leased forging could be done without it leading to centralisation. Read cfbs transparent forging thread again. Find ciyam and mtchls discussion and maths here about the impact of penalties and distribution of nxts on the length of forging streaks. Or just remember it if you are wilfully forgetting.

Potential investors, paper boys, crazy millionaires, hooters girls and anyone else reading this should, before anything else!  Grin find and understand the information above. A good way would be to start you own discussion thread  Cheesy

Then you'll know which other questions are worth pursuing  Wink
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
What ratio of existing accounts need to be running an open client for the network to be secure?

Undecidable. Depends on the definition of security which depends on the definition of the goals of each participant.

My concern is that since small stakeholders do not get NXT (not nodecoin) rewards for running an open client, what will happen
if most of these people lock their clients once Nxt gets widely distributed?

Nothing will happen. It is not that small stakeholders do not get no NXTs. Relatively small stakeholders do not get relatively few NXTs. That is a very important difference.

Hypothetical: What if all the Nxt in existence were divided equally amongst 2,000,000 accounts? where each would have 500 Nxt.
What if most of these people didn't open their clients? What would happen?  

Nothing will happen. The complement of the most of these people will forge instead of them earning fees.

According to James if more than a million people locked their clients nxt would be vulnerable. That is until transparent forging is implemented, at which point DDOS attacks to individual nodes becomes the new problem.

That is James. He maked up numbers all the time without any proof.

DDos is a valid concern in every Internet-exposed application.

Seems the answer is to keep Nxt from getting too widely distributed. God bless the 1%

I do not think so.
full member
Activity: 238
Merit: 100
Guys can I use any special character for a password? And what is a maximal length of a password?

Thanks

Guys please answer me these few questions. This is for one of my friends back home that I got into NXT. He is a complete newbie and doesn't speak English very well so he asked me to ask them here for him. However he can read a bit so these answers will calm him down. He is scared and a bit paranoid that he can lose his investment so please answer these for him:

1. Can he use his NRS 0.7.5 sometimes even though we are in 8 series? I have set it up for him and since the updates roll out very often  he doesn't know how to update it. If he just logs in sometimes to make a transaction or two, can he run in some kind of trouble?

2. What is the maximum length of the password? Can he set for example a 130 character password or it will just get cut after some number of characters. Even though I tell him such a long password is not necessary he insists to have such long passwords.

The most important question is about special characters. Since he is a foreigner can he use foreign special characters in his password. Characters like €, £, à, ç, ć, š, etc..  He is accessing his account without any problems at the moment but he wants to know can he have a problem in the future when new clients will come out etc. Can these characters somehow be changed and if he uses them, can he lose access to his account one time in the future.

I already asked these questions yesterday and today in my name, but nobody answered them. So please guys answer this for my friend, this will calm him up a bit. Every member is important for our community.

Thanks guys.
legendary
Activity: 1792
Merit: 1038
Brian, I remain convinced you are a very skilled and impressive troll.
+ 1440!

2 all: Please stop feeding the trolls.
member
Activity: 112
Merit: 10
1.  We had the first public NXT community & Development Update last Wednesday with several people in the NXT community including Come From Beyond, Damelon, QBTC, Uniqueorn, Adam Levine, Opticalcarrier, Randall, etc and others who chose to remain anonymous.

The purpose of these NXT updates are to keep everyone in the NXT community informed and up to date with the latest developments and progress from NXT without having to read multiple forums.

Here is the NXT Community & Development Update #1 video:

http://nxtfoundation.com/updates/

2.  I will post this status update video in all the major nxt forums for now but in the future it will only be posted to Nxtforum.org.

3.  I'm in the process of creating a system that will automatically broadcast these status update videos to the community as soon as they are uploaded so you don't have to constantly check in the forums.

4.  Any suggestions and constructive criticisms to make future hangouts and updates better are highly welcomed.

5.  The goal is to have future updates broadcasted on Youtube Livestream and have a chat roll available so NXT community members can interact and do a Q&A during the update.

Enjoy!
Tai Zen

The next update will be next Wed, april 9th at gmt +1 (11am EST).  One of our main guests will be Wesley and he'll spend a few minutes to update us on the NXT Wesley Client which will soon become the default NXT client after it's code has been reviewed so stay tuned.
legendary
Activity: 2184
Merit: 1000
Good bye brian and good luck with your other investments. shame you feel the way you do. can i add that you cant have solid concrete foundations without SAND.  

Enough said. +1

+1

The thousand eyes & hands will never be defeated....and IF by chance we are defeated.....CFB will REANIMATE....man it's like the Borg collective.

Resistance is futile.
hero member
Activity: 616
Merit: 500
Good bye brian and good luck with your other investments. shame you feel the way you do. can i add that you cant have solid concrete foundations without SAND. 

Enough said. +1
hero member
Activity: 714
Merit: 500
Good bye brian and good luck with your other investments. shame you feel the way you do. can i add that you cant have solid concrete foundations without SAND. 
legendary
Activity: 966
Merit: 1009

Thanks for answer.  I get it. Half-time work till summer. 
member
Activity: 70
Merit: 10
This is my last post at this forum.

I'll give 200 Nxt to the person who catches me posting here again and shows me this post. If someone tells lies about my motivations again or mischaracterizes what I've asked or said I won't be able to defend myself. You call can read and decide for yourselves who the asshole was here.

I've now said my piece. I am clearly not wanted here. I hope that all you potential investors here read through my questions and continue trying to get answers if anything I have written here makes you wonder as well.

As for right now i see Nxt is built on sand and there's huge problems regarding whether or not POS can work, at least in this implementation of it. Read BcNext's 3rd plan and read between the lines against the context of the questions I have been asking.
 
I hope they solve these potential problems with leased forging or node-coins or whatever. My assessment is that none of these problems will be solved anytime soon so theres plenty of time to watch the development and buy in later if they start to get their shit together.

Sayonara geeks. See you on the moon.
hero member
Activity: 714
Merit: 500
eadeqa we are the same wave length
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.
This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.

Wanna know what would happen if someone dumps 50 mio USD in this coin and destroys it?

We will just make a quick and dirty fix, roll back the blockchain to a time before the mass buy and start over Wink That's a beauty isn't it?^^
hero member
Activity: 644
Merit: 500
The point is that it's POSSIBLE. i

It's possible to arrest all Ripple employee, and shut them down.
It's also possible to buy all bitcoin riggs, and take over bitcoin completely.
It's also possible that we will be all dead anyway by next mutation of flue virus.

I am not losing sleep over any of these possibilities.


hero member
Activity: 714
Merit: 500
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.
This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.

Brian whats amazing about this universe we live in is that practically anything is possible. An asteroid could wipe us all out tomorrow. a russian billionaire could buy all the btc up? one day a pig will fly. you cant live life worrying about what ifs. yes somebody could buy up alot of nxt. but the odds of this happening are not very likley. if we all thought like that nothing would ever be achieved. i suggest you lose the negative attitude and do something about your thoughts or leave us be. either way nxt is thriving and will continue to do so for the forseeable future.
legendary
Activity: 2142
Merit: 1010
Newbie
legendary
Activity: 966
Merit: 1009
@Come-from-Beyond 
Is it getting close to your retired date?
sr. member
Activity: 756
Merit: 250
Actually I run many nodes to protect the NXT network. Just becuz I wanna secure it.

An absolutely awesome coin, why not help?
+1billion
Ppl should be running nodes to protect their investment and nothing to do with earning more. Greed is whats killed btc. it was never intended to be mined and exchanged to usd. Nxt was designed to stop the greedy mining mentallity that bitcoin has. if btc didnt reward miners it would be no more. I hold nxt and forge for the greater good of the network not to earn more nxt. if you want to earn more nxt create a business model on top of nxt which is what it was initially designed for.

That's what I'm talking about. I think there are are a lot more people with this attitude than those expressing disappointment about a monetary return for forging.
member
Activity: 70
Merit: 10
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.
This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.
hero member
Activity: 644
Merit: 500
. I'm hoping to get through to the little guy out there who is reading this forum, thinking about plunking down a large chunk of their salary down on a technology that is being misrepresented in it's marketing and that possibly has huge technical flaws that no developer is willing to answer questions about or clear up. Read the 3rd part of BCNext's plant. It goes right to the heart of what I am getting at.

Ah, he was leaving yesterday, but now   we have BrianNowhere permanently here. His life time goal is to spread awareness  Smiley

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