Check it out now!
Topic: Silkroad on NXT Marketplace ? (Read 2096 times)
There was a major update in the NXT client. Now you can "browse" and search for listenings.
Check it out now!
Check it out now!
Cool. Did not see that before.
We searched for the candy vendors. Our minds found few.
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
You must remove the filters on your soul before you can appreciate inner truth, my disciple
http://nxtbid.com/index.php?page=2&sort=&filter=off
YOU need to remove the filters of your Greed in order to assess a coin fairly
your bag holder goggles blinded you to NXT being a clone coin..
admit you chose it unwisely to make a buck.. and now that you have money tied up in it you will sit here every day harping on about it.
hey assholes wanna change the subject more ?
We searched for the candy vendors. Our minds found few.
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
You must remove the filters on your soul before you can appreciate inner truth, my disciple
http://nxtbid.com/index.php?page=2&sort=&filter=off
We searched for the candy vendors. Our minds found few.
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
Get in my van, I've got some candy!
We searched for the candy vendors. Our minds found few.
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
Where are the candies? Where is the goods to feed the souls? Be opened the grand curtains. Let them in and let them ride!
§HMWD§
@RedZeppelin
If there is a buyer, there is a seller.
If there is a buyer, there is a seller.
https://nxtblocks.info/#section/dgs/details/9354145954470530162
NXT marketplace to be honest seem to suck alot.
https://nxtblocks.info/#section/dgs/details/16267332404933271709
WTF
NXT marketplace to be honest seem to suck alot.
https://nxtblocks.info/#section/dgs/details/16267332404933271709
WTF
Cool...sex and jokes, what more do you need ?
Heres a preview site for the Digital Goods Store, makes browsing a bit easier:
http://nxtbid.com/index.php?page=1&sort=
https://nxtblocks.info/#section/dgs/details/9354145954470530162
NXT marketplace to be honest seem to suck alot.
https://nxtblocks.info/#section/dgs/details/16267332404933271709
WTF
NXT marketplace to be honest seem to suck alot.
https://nxtblocks.info/#section/dgs/details/16267332404933271709
WTF
Or, even easier, the FBI (or any other anti-BTC agency) simply has to take control of the 4 or 5 biggest BTC mining pools.
That will give them control of more than 51% of BTCs hash power, with 4 or 5 relatively cheap arrests.
The same approach could also be used on pretty much any crypto-currency, but in NXTs case, you'll have to find and take down a lot more people to gain control of enough NXT to make a 51% attack effective.
That will give them control of more than 51% of BTCs hash power, with 4 or 5 relatively cheap arrests.
The same approach could also be used on pretty much any crypto-currency, but in NXTs case, you'll have to find and take down a lot more people to gain control of enough NXT to make a 51% attack effective.
They can realistically 51% attack Bitcoin with less than 51% of bitcoin's processing power... all they pretty much have to do is take control of one of the larger pools. Page 10 shows how easy it would be to do a double spend with a certain percentage of the network hash rate on a transaction with a certain number of confirmations: https://bitcoil.co.il/Doublespend.pdf
With 30% of the network, you have a 60% chance to successfully double spend a transaction with 1 confirmation.
With 42% of the network, you have a 58.4% chance to successfully double spend a transaction with 6 confirmations (when a Bitcoin transaction is considered secure).
It is much more likely than anyone around here would like to admit. If one of the larger pools are compromised the attackers could double spend the pools' withdrawals with decent success.
Or, even easier, the FBI (or any other anti-BTC agency) simply has to take control of the 4 or 5 biggest BTC mining pools.
That will give them control of more than 51% of BTCs hash power, with 4 or 5 relatively cheap arrests.
The same approach could also be used on pretty much any crypto-currency, but in NXTs case, you'll have to find and take down a lot more people to gain control of enough NXT to make a 51% attack effective.
That will give them control of more than 51% of BTCs hash power, with 4 or 5 relatively cheap arrests.
The same approach could also be used on pretty much any crypto-currency, but in NXTs case, you'll have to find and take down a lot more people to gain control of enough NXT to make a 51% attack effective.
I can't say the idea of another big hoard of FBI-seized crypto sounds like a positive step forward.
Agreed but I think this time FBI will not be able to seize. I mean even FBI cannot break crypto. Btw. crypto is the very definition of crypto currencies unlike Bitcoin where 99% of the computational effort is wasted and not used for crypto.
The only way I can see for the FBI to shut down the Nxt market place would be to buy 51% of the money supply and kill people's trust in Nxt by attacking it. I hope for Nxt's sake they don't do this.. that would be a sad day.
like Bitcoin ?
No, unlike Bitcoin where the FBI simply would need to buy 51% of the hashing power, in Nxt, the FBI would need to persuade stakeholders to sell or confiscate it from them.
Hahaha. NXTers use to say that their code was their white paper. Not surprised that once papers started to be released they were still unreadable.
I'll wish you luck, some of the TF debate is kinda technical:
http://www.docdroid.net/ahms/forging0-4-1.pdf.html
I got about 15 lines into the above paper before my brain stopped working
http://www.docdroid.net/ahms/forging0-4-1.pdf.html
I got about 15 lines into the above paper before my brain stopped working
Understatement
I'll wish you luck, some of the TF debate is kinda technical:
http://www.docdroid.net/ahms/forging0-4-1.pdf.html
I got about 15 lines into the above paper before my brain stopped working
http://www.docdroid.net/ahms/forging0-4-1.pdf.html
I got about 15 lines into the above paper before my brain stopped working
By PoS improvement, you probably mean Transparent Forging:
https://nxtforum.org/transparent-forging/
Not all that hush-hush, really.
https://nxtforum.org/transparent-forging/
Not all that hush-hush, really.
I stand corrected.
When I get time I'll read up on it.
By PoS improvement, you probably mean Transparent Forging:
https://nxtforum.org/transparent-forging/
Not all that hush-hush, really.
https://nxtforum.org/transparent-forging/
Not all that hush-hush, really.
I can't say the idea of another big hoard of FBI-seized crypto sounds like a positive step forward.
Agreed but I think this time FBI will not be able to seize. I mean even FBI cannot break crypto. Btw. crypto is the very definition of crypto currencies unlike Bitcoin where 99% of the computational effort is wasted and not used for crypto.
The only way I can see for the FBI to shut down the Nxt market place would be to buy 51% of the money supply and kill people's trust in Nxt by attacking it. I hope for Nxt's sake they don't do this.. that would be a sad day.
No... see bolded
The only way I can see for the FBI to shut down the Nxt market place would be to buy 51% of the money supply and kill people's trust in Nxt by attacking it. I hope for Nxt's sake they don't do this.. that would be a sad day.
They could try, but in order to buy up 51% of all NXT, they would have to throw a massive amount of cash at current NXT holders, much more than NXT market cap at the start of the attack.
Someone on www.nxtforum.org did the numbers on this basic form of attack , and it would cause such a price surge that it would be almost impossible.
When NXT implements Transparent Forging, btw, the 51% vulnerability will become a 90% vulnerability, making a simple 'buy all the NXT' attack impossible.
Because NXT is open source, leaderless and decentralised, this just means that the newly rich (with Federal cash) NXT holders can simply start all over again with NXT Mark II.
The NXT technology simply can't be shut down by a central government, there is no central point to attack.
In this way, NXT is less vulnerable to a 51% attack than BTC right now: take control of the 5 biggest BTC mining pools, you'll have 60% of all BTC hash power.
I agree it would be very expensive and it unlikely, but it is still a possibility. Just as a 51% attack on Bitcoin is unlikely and would be very expensive, but it is possible.
I have heard Nxt is improving their PoS implementation, if it works as advertised it should make it much more expensive and pretty much impossible. I am reserving judgement until it is released though, as they are keeping it on the hush hush and not many details are available.
I can't say the idea of another big hoard of FBI-seized crypto sounds like a positive step forward.
Agreed but I think this time FBI will not be able to seize. I mean even FBI cannot break crypto. Btw. crypto is the very definition of crypto currencies unlike Bitcoin where 99% of the computational effort is wasted and not used for crypto.
The only way I can see for the FBI to shut down the Nxt market place would be to buy 51% of the money supply and kill people's trust in Nxt by attacking it. I hope for Nxt's sake they don't do this.. that would be a sad day.
like Bitcoin ?
None of you know fuck all about the FBI so you should be quiet..
I can't say the idea of another big hoard of FBI-seized crypto sounds like a positive step forward.
Agreed but I think this time FBI will not be able to seize. I mean even FBI cannot break crypto. Btw. crypto is the very definition of crypto currencies unlike Bitcoin where 99% of the computational effort is wasted and not used for crypto.
The only way I can see for the FBI to shut down the Nxt market place would be to buy 51% of the money supply and kill people's trust in Nxt by attacking it. I hope for Nxt's sake they don't do this.. that would be a sad day.
They could try, but in order to buy up 51% of all NXT, they would have to throw a massive amount of cash at current NXT holders, much more than NXT market cap at the start of the attack.
Someone on www.nxtforum.org did the numbers on this basic form of attack , and it would cause such a price surge that it would be almost impossible.
When NXT implements Transparent Forging, btw, the 51% vulnerability will become a 90% vulnerability, making a simple 'buy all the NXT' attack impossible.
Because NXT is open source, leaderless and decentralised, this just means that the newly rich (with Federal cash) NXT holders can simply start all over again with NXT Mark II.
The NXT technology simply can't be shut down by a central government, there is no central point to attack.
In this way, NXT is less vulnerable to a 51% attack than BTC right now: take control of the 5 biggest BTC mining pools, you'll have 60% of all BTC hash power.
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