Guys,
I just talked to someone who went to the Tal Aviv Bitcoin Conference and talked to a few MAJOR cryptography professors.
These people basically waved him away, and don't take Nxt seriously because it hasn't got a white paper and no cryptographical PROOF of it's safety and protocols.
This is still a gap in our documentation that we have.
Normally I'd put this in the main thread, but I want to bring it up here, because this is álso marketing.
The simple question is: do we have any idea of how the audit is going, and if not, can we get it?
This falls, for me, under the heading of "product testing".
If we can get the stamp of approval from academics, this is a major boost. If we can be waved away because, realistically, we have an untested product (actual use doesn't count, it needs to be rigorous mathematical proof) which can be poo-pood at will.
Can I have your thoughts on this?
Edit: nice write up, Uniqueorn!
Currently: no.
In a Group Skype conversations this was brought up about a week ago and BCNext has basically abandoned NXT (as was part of his plan), so we are now in 100% control of NXT.
A whitepaper must be made by ourselves. Same with crypto-auditing, there is currently no math.
I also consider this one of the single most important thing we should get done quickly, together with getting more developers. NXT needs to have a robust core, if not then everything else we do will ultimately be useless.