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!!
Topic: NXT :: descendant of Bitcoin - Updated Information - page 980. (Read 2761629 times)
The 2nd part of BCNext's plan - https://bitcointalksearch.org/topic/transparent-mining-2-or-what-part-of-legacy-should-be-left-behind-458036
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
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!
The 2nd part of BCNext's plan - https://bitcointalksearch.org/topic/transparent-mining-2-or-what-part-of-legacy-should-be-left-behind-458036
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
No idea is retarded....maybe he see's something we don't...lets give him time to explain.
Right. I don't see why this idea is good, but maybe he has an explanation.
He will say:
Because we can reverse stolen funds transfers.
But:
Actually we couldn't even do that. If the acccount is compromised, even if you cancel the trasfer the funds would be lost, because you would never be able to spend them (because the attacker can just cancel your transfer)
If he wants to counter scam in P2P trading, then yes maybe, but it will lead to even more scam...
The only upside would be that if you misstype the reciving address you can do some good.
But obviously the cons outdo the pros and the wrong address issue should be solved with checksums clientside..
The 2nd part of BCNext's plan - https://bitcointalksearch.org/topic/transparent-mining-2-or-what-part-of-legacy-should-be-left-behind-458036
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
No idea is retarded....maybe he see's something we don't...lets give him time to explain.
Right. I don't see why this idea is good, but maybe he has an explanation.
you said NXT / GOLD ?
This could be fukring big man
This could be fukring big man
Gold created Fiat
NXT creates Crypto
Nxt = Gold
Mind is blown :p
The 2nd part of BCNext's plan - https://bitcointalksearch.org/topic/transparent-mining-2-or-what-part-of-legacy-should-be-left-behind-458036
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
No idea is retarded....maybe he see's something we don't...lets give him time to explain.
This would make us the paypal of cryptocurrencies. I bet that would work out nicely.... NOT
The 2nd part of BCNext's plan - https://bitcointalksearch.org/topic/transparent-mining-2-or-what-part-of-legacy-should-be-left-behind-458036
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
No idea is retarded....maybe he see's something we don't...lets give him time to explain.
you said NXT / GOLD ?
This could be fukring big man
This could be fukring big man
The 2nd part of BCNext's plan - https://bitcointalksearch.org/topic/transparent-mining-2-or-what-part-of-legacy-should-be-left-behind-458036
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
updates from mastercoin: http://blog.mastercoin.org/2014/02/06/development-update-5-ready-set-dex-and-innovative-bounties/
Too bad we don't have real world people mentioned in real world press releases like this. It would go a long way to boosting NXT acceptance, adoption, and exchange price.So...what would it take to do better at our public relations face to the public? What is the next major milestone we could announce to the world?
I asked for a letter so we could send it to universities and businessmen https://bitcointalksearch.org/topic/m.5007480
Then we are working on articles, some of them are still free:
https://bitcointalksearch.org/topic/m.5009460
- I am finishing the text "Decentralized internet and Nxt solutions", so I hope it will get some comments from the community and them we can send it to big mainstream media and get attention from guys like Kim Dotcom or Assagne. As was said, contact with Kim is possible, but we need to show him this text first
+ we add some more stuff to the mastermind plans : List of Bounties and Donations ... donations to org's like wikileaks , and real charities ...
updates from mastercoin: http://blog.mastercoin.org/2014/02/06/development-update-5-ready-set-dex-and-innovative-bounties/
Too bad we don't have real world people mentioned in real world press releases like this. It would go a long way to boosting NXT acceptance, adoption, and exchange price.So...what would it take to do better at our public relations face to the public? What is the next major milestone we could announce to the world?
I asked for a letter so we could send it to universities and businessmen https://bitcointalksearch.org/topic/m.5007480
Then we are working on articles, some of them are still free:
https://bitcointalksearch.org/topic/m.5009460
- I am finishing the text "Decentralized internet and Nxt solutions", so I hope it will get some comments from the community and them we can send it to big mainstream media and get attention from guys like Kim Dotcom or Assagne. As was said, contact with Kim is possible, but we need to show him this text first
haha , looks lie we will have some real fun in berlin ,
PS: couldnt sleep yesterday iether coz f that...BAM
WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.
We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.
The price will be peg in Asset Exchange so we can keep it stable....this is beyond e-munie.
Nxtmoney/YEN....Nxtmoney/GOLD....Nxtmoney/USD etc....pegged....just like CNY/USD or AED/USD is pegged/Fixed exchange rate.
1 USD == AED 3.685 so 1 NXTM == 1 USD etc....
There is no fixed exchanged rate in the world!
That is the profit spread between buy & sell.....I live in Dubai....I've experienced how it works for many years now.
The only way to do this is to have a USD asset issued by someone... just like in Ripple. What's the point?
WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.
We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.
The price will be peg in Asset Exchange so we can keep it stable....this is beyond e-munie.
Nxtmoney/YEN....Nxtmoney/GOLD....Nxtmoney/USD etc....pegged....just like CNY/USD or AED/USD is pegged/Fixed exchange rate.
1 USD == AED 3.685 so 1 NXTM == 1 USD etc....
There is no fixed exchanged rate in the world!
WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.
We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.
The price will be peg in Asset Exchange so we can keep it stable....this is beyond e-munie.
Nxtmoney/YEN....Nxtmoney/GOLD....Nxtmoney/USD etc....pegged....just like CNY/USD or AED/USD is pegged/Fixed exchange rate.
1 USD == AED 3.685 so 1 NXTM == 1 USD etc....
WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.
We need economists for that or u will end with eMunie-like system. I still doubt that eMunie "constant value" idea will work if people start selling EMUs.
But NXT will still have the same amount of coins right?
Right.
Maybe it's a plan to create real coins with constant values and real coins with unchaneable supply of coins.
I don't know if this is possible =)
ps. I'm an average Joe user. That's why I ask stupid questions :p
This would solve the problem of price volatility for merchants & consumers....
WE SHOULD START TO BUILD NXTMONEY == fixed price/value in all major currencies.
EDIT: IDEA -- NXTMONEY can transacted on SMARTPHONE!....this is my first parameter.
I just want to clarify that NXTio is not "selfish mining". We perform a supportive role to those unable to forge on his own. 
So what now? Panic sell? Because NXT will not be worth 1$ anymore? =)
I still think that NXT will be worth 1$. Dunno why u think it won't.
Maybe I didn't understand it quite good.
"NXTs as coins... NXTs r not coins, at least the creator of Nxt didn't want them to be coins. They r tokens that grant privileges to support Nxt. Deflation is not much better than inflation, "real" coins should be created on top of Nxt and be issued in quantities that keep their value constant. BCNext understands that this is very arguable, the community should decide if it wants to follow the path showed by him or stick to Bitcoin legacy with unchangeable supply of coins in hope to become rich by doing nothing."
So he means that the "real" coins created on top of the Nxt should keep their value constant with changeable supply of coins.
But NXT will still have the same amount of coins right?
If that's so I think you are right. Value can rise.
Maybe it's a plan to create real coins with constant values and real coins with unchaneable supply of coins.
I don't know if this is possible =)
ps. I'm an average Joe user. That's why I ask stupid questions :p
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