Topic: NXT :: descendant of Bitcoin - Updated Information - page 887. (Read 2761624 times)
Could anyone distribute testcoins? I could send 3M.
I want to inform you all that bter indeed sent me my 100k already. Thanks for all that helped. So basically the drone in charge of [email protected] cannot access any information and simply replies out of thier ass, After serious emails back and forth and many information submitted by from thier own systems, They gave in and actually forwarded my complain to the people in charge, was solved a couple of hours afterwards.
- Lophie
Congratulations- Lophie
Now you can dump them
I want to inform you all that bter indeed sent me my 100k already. Thanks for all that helped. So basically the drone in charge of [email protected] cannot access any information and simply replies out of thier ass, After serious emails back and forth and many information submitted by from thier own systems, They gave in and actually forwarded my complain to the people in charge, was solved a couple of hours afterwards.
- Lophie
Congratulations - Lophie
Up again. Thanks!
Assets are all gone?
Yes, we rolled back to previous copy.
DAMN ! I lost my 200k NXTs
Here's my spot of Latin for a NXT slogan:
non deorum, non reges, iustus NXT
No gods, no kings, just NXT
(corrections welcome)
non deorum, non reges, iustus NXT
No gods, no kings, just NXT
(corrections welcome)
You know, I think the original "no gods, no kings, just us" works too -- especially considering that Nxt will likely become a foundation upon which other currencies ride. The "just us" is all-inclusive.
Just a thought.
Now, we need someone who actually knows Latin for a grammar check...I'm not totally sure if Google translate is trustworthy.
Nulli Dei, nulli Reges, solum Nxt
i understand how multisig works. thats not the confusing part. its the idea of people honouring each others obligations and doing multisig. when i think of federating i think of people honouring each others agreements but then clearing their balances with each other periodically. so like if you and i federated and we issued 10 silver bars each. and then all 20 bars were redeemed through my gateway. you would owe me 10 silver bars. you would send the bars and then the balances would be cleared. we were able to federate because i trusted you.
oooh i get it now. i see why the wires were getting crossed. if you did a multisig account you wouldn’t be federating you would be incorporating!
oooh i get it now. i see why the wires were getting crossed. if you did a multisig account you wouldn’t be federating you would be incorporating!
Can we get a balance where the federation of the gateways ensures the integrity of the transaction without becoming liable for the asset?
What I tried to get across in my reply to James a few pages back (which you kindly responded to) was the transaction is a contracts between the buyer and the seller and gateways cooperate to enforce the escrow / atomicity of the transaction and asset being transferred for which the gateways get a fee.
Firstly for this to work each maybe you need gateway relationship to be verified bi-laterally, i.e. a gateway to gateway trust relationship is pre-established, I am not sure this exists in the Ripple model which is why I think there is a problem - is this what you mean by federation.
Each buyer and seller legitimise the asset with each gateway involved e.g. deposit asset in escrow or reserve somehow.
The buyer sends the transaction request to the sellers gateway to buy the asset (with the relevant buy/sell asset ids from each gateway)
The sellers gateway initiates a transaction on the block chain which is seen by buyers gateway and this is validated by forging as legitimate (e.g. 10 confirms?)
The buyers gateway then confirms the transaction by re-submitting again to be validated by forging to confirm the buyer honours the contract.
The two gateways can then release the escrow asset to the buyer and seller respectively.
The transaction ledger could be the NXT blockchain, once the transaction is validated by forging the seller gateway releases the asset to the buyer and the buyer gateway releases the asset to the seller.
The buyer/seller gateways would get their fees from the buyer/seller respectively
There is a NXT fee for each of the transactions involved.
What I am trying to achieve is the gateways are acting to ensure the safe transfer of an asset between two parties but maybe this is too hard complicated?
For widespread adoption there needed to be trust in the integrity of the transaction and that should be down to whether Anon, Bob or Sally tokens have a different trust level.
Without some level of transaction legitimacy validated by NXT itself I fear we would have a massive dispute resolution problem with scam buyers as much of a problem as scam sellers.
any detailed info about multisig?
I found some info about being able to sign a transaction and then pass it onto the next signer, also nobody is calling me a total idiot. I think that is a good sign 
The biggest remaining problem is how to deal with the scenario of a gateway disappearing. Actually one disappearing is easy, the remaining gateways would have to stop all transaction processing. Create a new multisig acct without the missing gateway and then transfer the balance into the new acct. Restart transaction processing.
What if two gateways go missing? Then if we are using N-1 signers, all the funds are locked. So, we probably need a way for each gateway to prove that they have put into escrow their private key and some secure method of unlocking an escrowed key in the event of disappearance.
Its almost 6am and I think I made decent progress on this today, so I will leave it to the European zone to make it all nice and happy.
James
P.S. Do not worry about the seemingly cumbersome process of sending AM from one gateway to the next, it will all be automatic and being in the NXT blockchain makes everything transparent. Just the way BCNext wants it!
you send btc*1 to bob. bob sends BobsBtcToken*1 to you. you go onto the orderbook for BobsBtcTokens and fill a buy order. Nxt appears in your account. Now you find a ltc gateway. Say betty seems the most trustworthy. Fill a sell order for BettysLtcTokens. Receive BettysLtcTokens*X. Send BettysLtcTokens*X to Betty's nxt address with a message containing your ltc address. Wait for ltc to arrive.
It seems overly complicated now but it'll feel natural once it gets rolling and everyone gets used to it. All steps serve their purpose, these extra steps are the cost of decentralization.
If I read this right - 'No escrow' or atomic completion?
so buyer beware....
HOWEVER, I think I might have a way to allow all the gateways to trust each other without any bodily parts being involved. I do need somebody who is familiar with multisig to confirm this, or more likely correct where I am being plain silly.
I do not see a problem with deposits of crypto, the end user sends in the crypto to a deposit address and the gateway sweeps it into an account. The problem is with the withdrawal, eg. since I am proposing all assets that represent BTC be fungible with each other, each gateway needs to have access to potentially all the actual BTC.
So, we have a possible solution where all the gateways sweep into a common account. Wait! If all gateways are able to withdraw from it, then if ANY gateway gets hacked or hypnotized by Evil Bob, all the deposits are gone. Not good at all.
This is where I think multisig comes in. What if the sweep account is a multisig acct. All the gateways can easily sweep into the multisig acct, since it is just a matter of sending coin to the right address. Now on withdraw, if we required the signatures from all gateways to do a withdrawal (or super majority?), then no gateway would be able to take off with the deposits, unless all gateways (or super majority) turn evil at the same time.
No I dont know how multisig works well enough to know if this will work, but IF there is a way to do a safe remote multisig authorization and all the gateways are using the same business logic to approve withdrawals, eg. proper AM was sent with appropriate asset, then I think this could work.
Not totally trustless, but as long as all (or super majority) of gateways dont spontaneously turn evil, I think the community would be able to rely on the federation of gateways.
I hope somebody that knows about multisig and another somebody that knows about secure remote signing will be able to validate this, or fix it so it works
James
P.S. I just figured out that we can use a set of AM's for secure remote signing. Granted it is a lot of AM to send if we had to do it for each withdrawal, so maybe we only invoke this level when the amount is larger than the bond put up by the gateway. I think this is getting close to a real solution. Smart guys, please help!!
just like it only without a central point of weakness
Since nobody that knows exactly how multisig works, I will try to read up on it and see if this really does the trick. If it does, that means we get somewhat decentralized automatic gateways that we can can trust. All the gateway deposits and withdrawals will be publicly viewable, so there are no controversies in that area. If ever anything like lophie is going happened, it would just be a matter of looking in the NXT blockchain, reparse the AM's and find out where it went.
We probably need to have some sort of manual "fix it" mechanism, but this should be a pretty rare event. All the gateways would have to work together to clear this up. Maybe all minus 1, in case one of the gateways goes MIA, wouldn't want all the funds to become inaccessible. Maybe a deadman's switch can be invoked in case one of the gateways goes away and the key delivered to an independent party. I heard about an electronic escrow service that can be setup for this.
Notice that even if one of the gateways goes defunct, nobody loses anything. At that point, the missing gateways passkey would be used one last time to transfer all the funds to a new account with appropriate new multisig signers. So no gateway can withdraw any money that all the other gateways dont approve. It seems safer than any centralized exchange to me, but I hope someone more versed in this stuff will comment.
The more I think about this, the more I think it could work. I just wish I knew more details about how multisig works...
James
Up again. Thanks!
Assets are all gone?
Oh shit... first BTC crashes and now I've lost my 2.000.000 M&Ms... SCAM!
Up again. Thanks!
Assets are all gone?
Yes, we rolled back to previous copy.
Up again. Thanks!
Assets are all gone?
I relaunched it but blockchain was corrupted. Tomorrow I'll deploy changes and will send testcoins again.
Up again. Thanks!
for non australian, what is sending to your phone when you send the sms
Happy Valentines Day Nxt! 
http://oi62.tinypic.com/14mt5z6.jpg
This is how i celebrated my Valentines day today.
By posting a love message on a Tall Billboard in central Melbourne City of Australia, to show how much i care!
Loves in the Air ♡♡
If anyone else want to try, you can send sms with two names with a space in the middle to 0499 695 683. Just add international code, can't guarantee it will work for overseas. (+61)
They will send back you the picture.
I did it by sending the msg "We Nxt"
http://oi62.tinypic.com/14mt5z6.jpg
This is how i celebrated my Valentines day today.
By posting a love message on a Tall Billboard in central Melbourne City of Australia, to show how much i care!
Loves in the Air ♡♡
If anyone else want to try, you can send sms with two names with a space in the middle to 0499 695 683. Just add international code, can't guarantee it will work for overseas. (+61)
They will send back you the picture.
I did it by sending the msg "We Nxt"
Worked well
http://i61.tinypic.com/wrj9mf.jpg
how are the AE tests going on? any results? updates? ...like everything works well? or ....is not ready yet need more ajustments?
Lots of great NXT websites and portals popping up all over the place! You know what we need? UNIFIED LOG IN.
Idea: NXT alias as OpenID extension.
Step 1:
Modify the OpenID Consumer architecture to validate a NXT alias with an Authorization token using custom URI scheme (ie: nxt://alias/johnny_appleseed). The Consumer in this case (ie: a website) would be able to authorize the user as alias using the NXT blockchain and would theoretically NOT NEED a Provider.
Step 2:
NXT Community website operate a 'real' OpenID Provider (for adoption and integration into the much larger OpenID ecosystem):
Something like http://www.nxtid.org/alias/johnny_appleseed (website invalid)
Step 3:
Spread the NXT URI scheme to OpenID RFC so it can be used anywhere OpenID is used!
Thinking out loud... Hope that by posting idea here, someone else will do all the ugly work of actually making it happen!
edit: Since authorization tokens include a timestamp, access using a specific token could be restricted by age to increase login security.
Idea: NXT alias as OpenID extension.
Step 1:
Modify the OpenID Consumer architecture to validate a NXT alias with an Authorization token using custom URI scheme (ie: nxt://alias/johnny_appleseed). The Consumer in this case (ie: a website) would be able to authorize the user as alias using the NXT blockchain and would theoretically NOT NEED a Provider.
Step 2:
NXT Community website operate a 'real' OpenID Provider (for adoption and integration into the much larger OpenID ecosystem):
Something like http://www.nxtid.org/alias/johnny_appleseed (website invalid)
Step 3:
Spread the NXT URI scheme to OpenID RFC so it can be used anywhere OpenID is used!
Thinking out loud... Hope that by posting idea here, someone else will do all the ugly work of actually making it happen!
edit: Since authorization tokens include a timestamp, access using a specific token could be restricted by age to increase login security.
A reference for you: https://nameid.org/
Happy Valentines Day Nxt!
This is how i celebrated my Valentines day today.
By posting a love message on a Tall Billboard in central Melbourne City of Australia, to show how much i care!
Loves in the Air ♡♡
If anyone else want to try, you can send sms with two names with a space in the middle to 0499 695 683. Just add international code, can't guarantee it will work for overseas. (+61)
They will send back you the picture.
I did it by sending the msg "We Nxt"
This is how i celebrated my Valentines day today.
By posting a love message on a Tall Billboard in central Melbourne City of Australia, to show how much i care!
Loves in the Air ♡♡
If anyone else want to try, you can send sms with two names with a space in the middle to 0499 695 683. Just add international code, can't guarantee it will work for overseas. (+61)
They will send back you the picture.
I did it by sending the msg "We Nxt"
+1
I want to inform you all that bter indeed sent me my 100k already. Thanks for all that helped. So basically the drone in charge of [email protected] cannot access any information and simply replies out of thier ass, After serious emails back and forth and many information submitted by from thier own systems, They gave in and actually forwarded my complain to the people in charge, was solved a couple of hours afterwards.
- Lophie
- Lophie
congrats
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