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Topic: NXT :: descendant of Bitcoin - Updated Information - page 977. (Read 2761629 times)

legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
We should publish that!

Why - so we can look like FUDsters along with Mt. Gox?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
sr. member
Activity: 311
Merit: 250
AE will be nice today.
hero member
Activity: 490
Merit: 504
sr. member
Activity: 490
Merit: 250
I don't really come from outer space.

Would be really dumb not to cancel transactions if equally "are not real" until they reach the 1440 confirmations.
I can pay you now, but will have to wait until 1440 to be effective confirmations. that is, it is not real.
and 1440 confirmations are 48 hours!

if you can not cancel, so I have to wait 1440 confirmations? make it immediately effective and voila!

I don't like the idea of being able to cancel transactions.  With that said, yes, 1440 confirmations is currently over a day.

It doesn't have to be.  Remove the nearly one minute block delay between blocks.  1440 confirmations can now be done in several seconds.

Of course, blockchain pruning -- keeping only the last 1440 or so blocks -- will have to be fleshed-out and implemented first.
sr. member
Activity: 404
Merit: 250
https://nxtforum.org/
Some ppl have bought BTC at 100$-200$ price...

People on btc-e troll box are saying there was about 6000 btc panic sells causing the price to drop down to $102.
Some people are becoming instant millionaires and some won't live past tonight unfortunately..
Scary even though i don't have any BTC, i'm all nxt.
legendary
Activity: 1512
Merit: 1004
MtGox: Bitcoin Transaction Malleability bug

https://www.mtgox.com/press_release_20140210.html

BTC Crash!

"Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin."

NXT not affected!!

If we would get some big marketing campaign started right now, IT. WOULD. BE. HUGE!  Shocked

yes,very effective, many ppl follow my weiboweibo.com/nxtcoin,we should to promote Nxt at this very time.
sr. member
Activity: 311
Merit: 250
So,Nxt should use fiat  as exchange rate ,such as USD or CNY.
legendary
Activity: 1512
Merit: 1004
MtGox: Bitcoin Transaction Malleability bug

https://www.mtgox.com/press_release_20140210.html

BTC Crash!

"Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin."

NXT not affected!!
So,Nxt should use fiat  as exchange rate ,such as USD or CNY.
sr. member
Activity: 294
Merit: 250
Code:
[2014-02-09 18:44:07.399] DEBUG: Will pop block 2427355948223133654 at height 62416
[2014-02-10 12:01:47.025] DEBUG: Blacklisting 95.85.27.90 because of: Invalid transaction attachment:
{"alias":"kec","uri":""}
[2014-02-10 12:44:03.155] DEBUG: Will pop block 1930807738807260198 at height 63046
[2014-02-10 12:44:21.348] DEBUG: Error sending JSON request
java.net.MalformedURLException: For input string: "6874:7874"
at java.net.URL.(URL.java:619)
at java.net.URL.(URL.java:482)
at java.net.URL.(URL.java:431)
at nxt.peer.Peer.send(Peer.java:583)
at nxt.peer.Peer.connect(Peer.java:846)
at nxt.peer.Peer.access$100(Peer.java:51)
at nxt.peer.Peer$1.run(Peer.java:74)
at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:471)
at java.util.concurrent.FutureTask.runAndReset(FutureTask.java:304)
at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(ScheduledThreadPoolExecutor.java:178)
at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(ScheduledThreadPoolExecutor.java:293)
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
at java.lang.Thread.run(Thread.java:744)
Caused by: java.lang.NumberFormatException: For input string: "6874:7874"
at java.lang.NumberFormatException.forInputString(NumberFormatException.java:65)
at java.lang.Integer.parseInt(Integer.java:492)
at java.lang.Integer.parseInt(Integer.java:527)
at java.net.URLStreamHandler.parseURL(URLStreamHandler.java:217)
at java.net.URL.(URL.java:614)
... 13 more
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
what we should do is: check if anything like that could be possible in Nxt, not just laugh at Bitcoin...

I agree.
legendary
Activity: 2142
Merit: 1010
Newbie
Some ppl have bought BTC at 100$-200$ price...
legendary
Activity: 2184
Merit: 1000
catcoin is safe too....

I very much doubt that, however, again people THIS IS NO NEW BUG - it was known and even written up in the wiki for *years*.


That knowledge still won't stop the market momentum, its an opportunity for Nxt to expand.

  
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props
This idea could save many users being hacked and emptied.  Sad

1) send 1000 NXT and 2 fee
2) 800 before confirmation, canceled.
3) you back to 1000, but the 2 of fee are ongoing and will be forged.

The system is not lost! everyone happy! Smiley


This is dumb idea. People will buy things/services and then cancel the transactions, stealing from the merchants.  This is exactly the problem with credit card chargeback frauds, but here it will be 100 times worse.  No one should be able to cancel transaction.  Cryptos are irreversible as they should be.


Use escrow.
 


Would be really dumb not to cancel transactions if equally "are not real" until they reach the 1440 confirmations.
I can pay you now, but will have to wait until 1440 to be effective confirmations. that is, it is not real.
and 1440 confirmations are 48 hours!

In other words, even slower system than bitcoin. Bitcoin needs 10 minute for 1 confirmation, and 60 minutes for 6 confirmations to be safe, so now here we have a system that is much much slower than bitcoin. Merchants can't ship products (or send you downloadable links if you bought digital products) for 48 hours.

No thanks.





hello? NXT exactly work that way now.

current ANY balance is effective until after the 1440 confirmations. NONE

what you see as a balance on the client, is the balance is unconfirmed, not real.

the transaction is not real! confirmations until 1440.

so it works currently! Now!


do the test, send a transaction and will not be deducted from your effective balance until 1440 confirmations , 48 hours after they met.


That is not true... What you mean is the balance you can use to mine.

You can spend these coins and if you are not on a fork, noone can take them away from you.

legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
catcoin is safe too....

I very much doubt that, however, again people THIS IS NO NEW BUG - it was known and even written up in the Bitcoin wiki for *years* (even *I* was aware that tx hashes could be changed by changing tx information without invalidating signatures and I am no great expert).

Mt. Gox has done everyone a big disservice here with their bullshit press release that has basically led to a FUD storm and panic sell-off.

legendary
Activity: 2142
Merit: 1010
Newbie
What's this bitcoin bug i keep hearing about? Just heard and it's everywhere.

BCNext hacked Bitcoin to bring more ppl to Nxt.  Grin
sr. member
Activity: 311
Merit: 250
What's this bitcoin bug i keep hearing about? Just heard and it's everywhere.

NOT in NXT! spread the word, NXT as safe heaven

catcoin is safe too....
sr. member
Activity: 630
Merit: 262
This account was hacked. just recently got it back

You are right, fuck me Cheesy

https://twitter.com/Plucky333/status/432843201074823168

Thanks and corrected Smiley

@CIYAM Open
Well they are obviously are having trouble to some degree, the price wouldn't crash like mad if it wasn't like this.

Twitter isn't the place to post a 1000 words technical analysis of the problem...

You have 140 characters
full member
Activity: 126
Merit: 100
Advocating paragraph: "Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to cancel a transaction, "even at the cost of losing the fee!"

If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.

This might be the most retarded idea of the century. Props
This idea could save many users being hacked and emptied.  Sad

1) send 1000 NXT and 2 fee
2) 800 before confirmation, canceled.
3) you back to 1000, but the 2 of fee are ongoing and will be forged.

The system is not lost! everyone happy! Smiley
Use escrow.
Yes, use escrow, there will be services for that if needed.

And if it's only because of being hacked, than i think that this won't help very much. You will have more serious problems when being hacked. What if you can't access yout wallet for a week and get hacked? ...



MtGox: Bitcoin Transaction Malleability bug

https://www.mtgox.com/press_release_20140210.html

BTC Crash!

"Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin."

NXT not affected!!

Yeah, great and stuff, but what do people use to buy NXT? Oh....wait.... that's Bitcoin  Roll Eyes
(and the happy few use CNY)
what we should do is: check if anything like that could be possible in Nxt, not just laugh at Bitcoin...
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
#BTC and other alt-coins based on it's protocol are having trouble.

That is not true - the "problem" has been known since 2011 and is only affecting exchanges that use tx hashes incorrectly.

Don't spread FUD please.
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