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Topic: NXT under serious attack! Sell now! (Read 1094 times)

hero member
Activity: 700
Merit: 520
June 16, 2014, 02:20:35 PM
#22
I'll buy NXt as soon as you can fix this coding error in it I've quoted below:

Anything premined with an IPO over the span of 1 second usually has an abysmal market penetration defeating the whole purpose of cryptocurrency, or just results in a pyramid scheme to try and force the masses to enrich a handful of people.  This isn't why Bitcoin was created and seems like a blatant hijack of it to turn it into a get rich quick scheme.  If the proof of stake coin is mined over a long period, like Bitcoin is, then my stance on that is obviously different.

apart from the fact that ur quote doesnt include any "coding error", what u say was debunked earlier buddy: https://bitcointalksearch.org/topic/m.7348518
legendary
Activity: 1260
Merit: 1000
June 16, 2014, 02:16:11 PM
#21
I'll buy NXt as soon as you can fix this coding error in it I've quoted below:

Anything premined with an IPO over the span of 1 second usually has an abysmal market penetration defeating the whole purpose of cryptocurrency, or just results in a pyramid scheme to try and force the masses to enrich a handful of people.  This isn't why Bitcoin was created and seems like a blatant hijack of it to turn it into a get rich quick scheme.  If the proof of stake coin is mined over a long period, like Bitcoin is, then my stance on that is obviously different.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 16, 2014, 02:15:25 PM
#20
In future could be the main security weakness the brainwallet.

Sure? Standard wallet makes it easier to steal it.
No  Wink but one day in the future there could be a lot of computing power to bruteforce shorter passwords...or is it impossible?

Yes. Because standard wallet means: the location of the wallet.dat file is known. So, it can be easily copied.

Brain wallet means: most people will store it somewhere.
hero member
Activity: 502
Merit: 500
June 16, 2014, 02:13:42 PM
#19
In future could be the main security weakness the brainwallet.

You don't have to use the brainwallet if you don't want to. There is already a third-party client Offspring that uses wallet.dat just like Bitcoin, and there are plans to have the official client also offer the option of wallet.dat or brainwallet, per user choice. What is your answer to my question in the first post?
To me, Nxt is already secure
sr. member
Activity: 336
Merit: 260
June 16, 2014, 01:42:55 PM
#18
In future could be the main security weakness the brainwallet.

You don't have to use the brainwallet if you don't want to. There is already a third-party client Offspring that uses wallet.dat just like Bitcoin, and there are plans to have the official client also offer the option of wallet.dat or brainwallet, per user choice. What is your answer to my question in the first post?
hero member
Activity: 798
Merit: 500
June 16, 2014, 01:36:52 PM
#17
No  Wink but one day in the future there could be a lot of computing power to bruteforce shorter passwords...or is it impossible?

Sure, it's possible to bruteforce weak passwords. Not strong passwords like the following two examples though:

Code:
doll about remember dwell mean simple princess spill thank doctor everytime whatever
Code:
3wQ4jE>dBpX;N36I4Af81]sE)er.6F/jU/JVr3b$[6p]KXAlpa
hero member
Activity: 502
Merit: 500
June 16, 2014, 01:31:54 PM
#16
In future could be the main security weakness the brainwallet.

Sure? Standard wallet makes it easier to steal it.
No  Wink but one day in the future there could be a lot of computing power to bruteforce shorter passwords...or is it impossible?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 16, 2014, 01:27:33 PM
#15
In future could be the main security weakness the brainwallet.

Sure? Standard wallet makes it easier to steal it.
hero member
Activity: 502
Merit: 500
June 16, 2014, 01:21:30 PM
#14
In future could be the main security weakness the brainwallet.
sr. member
Activity: 336
Merit: 260
June 16, 2014, 01:12:39 PM
#13
Not many people with manly conduct so far.
hero member
Activity: 770
Merit: 500
June 16, 2014, 01:10:21 PM
#12
SELL, SELL ALL YOUR NXT BEFORE IT DROPS TO NOTHINGNESS!!!

SELLL!!!!
hero member
Activity: 502
Merit: 500
June 16, 2014, 01:09:21 PM
#11
Everything sold, uffff!

I will buy for 100 sats for 1 NXT. Wink
My price is 9500  Grin
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 16, 2014, 01:04:09 PM
#10
Everything sold, uffff!

I will buy for 100 sats for 1 NXT. Wink
hero member
Activity: 502
Merit: 500
June 16, 2014, 01:03:03 PM
#9
Everything sold, uffff!
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 16, 2014, 01:01:30 PM
#8
I'll be the first to answer my own question. 1 year. After 1 year I will have no doubts. Your turn now.

Well, that is great question and a very bold suggestion.

I am not sure about this. In computer science, there is a rule:

Quote
There will be a bug.

So, actually we will never know. My suggestion to have it tested thoroughly is 5 years. But maybe, 2 years is sufficient for most people.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
June 16, 2014, 12:59:32 PM
#7
SELL!!!!!
Did you even read anything besides thread title?

Can you spot sarcasm, DubFX? Wink

Everyone knows you need six exclamation marks to show people you're being sarcastic.  Wink

Exactly!!!!!!
hero member
Activity: 532
Merit: 500
June 16, 2014, 12:39:11 PM
#6
SELL!!!!!
Did you even read anything besides thread title?

Can you spot sarcasm, DubFX? Wink

Everyone knows you need six exclamation marks to show people you're being sarcastic.  Wink
sr. member
Activity: 336
Merit: 260
June 16, 2014, 12:37:17 PM
#5
I'll be the first to answer my own question. 1 year. After 1 year I will have no doubts. Your turn now.
hero member
Activity: 798
Merit: 500
June 16, 2014, 12:31:54 PM
#4
SELL!!!!!
Did you even read anything besides thread title?

Can you spot sarcasm, DubFX? Wink
sr. member
Activity: 434
Merit: 250
June 16, 2014, 12:29:44 PM
#3
SELL!!!!!
Did you even read anything besides thread title?
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