NXT :: descendant of Bitcoin - Updated Information

[greyw00lf]

Maybe you could use this kind of password generators, but generate 3-5 passwords and mix them together in a random way and/or change some characters... that would be more secure. You never know if the website host does not save all generated passwords in a database for some kind of bruteforce dictionary attack later.

FIFY

Bruteforce is trying all possible combinations.
Dictionary attack is using a database of common passwords.

correct thank you

[morningtime]

Feature suggestion for Nxt:

• Destroy 0.00000001 NXT for every transaction.

This makes NXT a deflationary currency. Ripple does this to protect the network against flooding. In case a flood of transactions is noticed, the self-destruct value increase to, for example, 0.01. This basically makes it very expensive to flood the network.

I think NXT needs this too.

[yuriygeorge]

Just a friendly reminder for those that are just looking to buy NxT coins. I recommend waiting for the price to stabilize! See for yourself:

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin

current market rate is about 0.0001 (4700x)

To those who are buying these coins now... most of the coins are being hoarded, so you can only buy them on the market for 4700x or 470,000% of what all of the 1 billion coins were paid for at genesis. And people are buying, sadly, without looking at these figures. Remember - all BILLION coins are already out in circulation, and no more will be generated. All BILLION coins were bought originally for 21 BTC in total, or about $4,000 worth.

To give you an idea, someone is selling 1.8M coins (.18% of all coins circulated, that were bought for 21 BTC) for 180 BTC. If this is an early adopter (may not be), then he would have bought the same 1.8M coins for less than .04 BTC, but now is asking 180 BTC in just 1-2 months. Also, BTC is worth 6-7 more now in USD than at genesis.

I LIKE this coin, and its potential, but I don't like the price it's at, and the greed that the price is showing. So PLEASE, stop and check the math out yourself, and ask what this coin is worth.

I recommend new NxTers to stop buying these coins so high, and bringing the price even higher. Wait for some original investors to sell and distribute, and buy them at the dip. Thank you.

NXT: 6933627427271736687

[laowai80]

Hello yuriygeorge,

it's been boring without you

[Come-from-Beyond]

Feature suggestion for Nxt:

• Destroy 0.00000001 NXT for every transaction.

This makes NXT a deflationary currency. Ripple does this to protect the network against flooding. In case a flood of transactions is noticed, the self-destruct value increase to, for example, 0.01. This basically makes it very expensive to flood the network.

I think NXT needs this too.

How do u destroy a non-confirmed transaction coins?

[wakasaki808]

Feature suggestion for Nxt:

• Destroy 0.00000001 NXT for every transaction.

This makes NXT a deflationary currency. Ripple does this to protect the network against flooding. In case a flood of transactions is noticed, the self-destruct value increase to, for example, 0.01. This basically makes it very expensive to flood the network.

I think NXT needs this too.

don't believe NXT has such a low value, at least not yet. So far it looks like .01 NXT will be the lowest value until the demand increases where it may end up being .0001 NXT. Don't think we will see .00000001 NXT though.

[canuck]

Reversible transactions might be a good idea if it can be made into a short term contract agreed to by both parties.

So for instance, I order something online and the seller offers terms of reversal for a 2% premium.  I pay the 2% premium to be able to demand that the transaction be reversed within 2 days if no tracking numbers is forwarded to me or whatever else.  I dunno...short term terms of reverse might be a workable idea if users can define the terms for each transaction.

[PeercoinEnthusiast]

So PLEASE, stop and check the math out yourself, and ask what this coin is worth.

A coin is worth what the market is willing to pay, not a penny more, not a penny less.

NXT....

[TwinWinNerD]

dgex is back online!

[TwinWinNerD]

dgex is back online!

wow and its back strong:

2013-12-27 19:54:09    940000    0.0001    94

[wesleyh]

For everyone that wants to set up their own faucet, the code of mine is now available for download.

Go to http://nxtra.org/faucet/ and look at the bottom of the page for the download link. Hope you like it!

[BloodyRookie]

dgex is back online!

And really fast too!

[EvilDave]

DGEX seems to be back in the game.....

Works really crisp, no lag for me at the mo.

Over the Framewood issue:

10 characters is not enough for a passphrase. Not in the 21st century.

My passphrase tips:

Take yr favorite movie quote:

I say we take off and nuke the entire site from orbit. It's the only way to be sure.

Kill the punctuation, throw in some random substitutions:

I$4ywet4keoff4ndnuketheentire$itefromorbitIt$theonlyw4ytobe$ure

Add some psuedo-random caps gibberish to both ends, and hey presto:

SweAtyI$4ywet4keoff4ndnuketheentire$itefromorbitIt$theonlyw4ytobe$ureBoLLocks

Now , hoe long is that gonna take to bruteforce?

But for f**ks sake, make sure u write it down somewhere, and/or hide it in the middle of a  *.txt file to copy and paste to avoid keylogging.

[garp]

Nxt might have competition for features soon: Open Transactions desktop software platform for bitcoin and other currencies..they have been hard at work for months / years but I believe the new videos is a re-assertion of their place in the marketplace in light of the recent popularity of nxt…If they launch before our other advanced features, we will still have the speed and green forging advantage..not to mention it will actually take time for other crypto's devs to coordinate and start integrating.. thought this was worth sharing.
http://www.reddit.com/r/Bitcoin/comments/1tqepn/new_opentransactions_videos_of_new_desktop_app/

https://docs.google.com/file/d/0B1elJotjR_t6UlJjbG5wSmFJT1E/edit?pli=1-----payments and invoicing
https://docs.google.com/file/d/0B1elJotjR_t6OS1pV3duMEpWSGs/edit?pli=1----app store, dec market (barzaa), dec exchange, virtual corporations( stocks and dividends), asset exchange, escrow,  scripted agreements, smart contracts, voting pools, chairman cash: tokens and voting

THIS DEVELOPMENT SHOULD NOT BE UNDERESTIMATED.

OLA can you please track this closely.

Try to contact and engage the developer in the Nxt dev-team?

[blackfyre175]

Just a friendly reminder for those that are just looking to buy NxT coins. I recommend waiting for the price to stabilize! See for yourself:

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin

current market rate is about 0.0001 (4700x)

To those who are buying these coins now... most of the coins are being hoarded, so you can only buy them on the market for 4700x or 470,000% of what all of the 1 billion coins were paid for at genesis. And people are buying, sadly, without looking at these figures. Remember - all BILLION coins are already out in circulation, and no more will be generated. All BILLION coins were bought originally for 21 BTC in total, or about $4,000 worth.

To give you an idea, someone is selling 1.8M coins (.18% of all coins circulated, that were bought for 21 BTC) for 180 BTC. If this is an early adopter (may not be), then he would have bought the same 1.8M coins for less than .04 BTC, but now is asking 180 BTC in just 1-2 months. Also, BTC is worth 6-7 more now in USD than at genesis.

I LIKE this coin, and its potential, but I don't like the price it's at, and the greed that the price is showing. So PLEASE, stop and check the math out yourself, and ask what this coin is worth.

I recommend new NxTers to stop buying these coins so high, and bringing the price even higher. Wait for some original investors to sell and distribute, and buy them at the dip. Thank you.

NXT: 6933627427271736687

The value of NXT has changed significantly as new features are announced and implemented, with the speed that new versions are released and as more money and time is poured into NXT the value is going to increase.

The price disparity from the initial conception to now should be expected. The price may crash, the price may skyrocket, but it is justified that the price is significantly more than at early adoption.

[morningtime]

How do u destroy a non-confirmed transaction coins?

Maybe redirect a part of the tx fee to the genesis address (the one that destroys coins)?

[Come-from-Beyond]

How do u destroy a non-confirmed transaction coins?

Maybe redirect a part of the tx fee to the genesis address (the one that destroys coins)?

I mean how to come to a consensus on what coins to destroy if a transaction is not confirmed?

[morningtime]

Just a friendly reminder for those that are just looking to buy NxT coins. I recommend waiting for the price to stabilize! See for yourself:

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin

current market rate is about 0.0001 (4700x)

To those who are buying these coins now... most of the coins are being hoarded, so you can only buy them on the market for 4700x or 470,000% of what all of the 1 billion coins were paid for at genesis. And people are buying, sadly, without looking at these figures. Remember - all BILLION coins are already out in circulation, and no more will be generated. All BILLION coins were bought originally for 21 BTC in total, or about $4,000 worth.

To give you an idea, someone is selling 1.8M coins (.18% of all coins circulated, that were bought for 21 BTC) for 180 BTC. If this is an early adopter (may not be), then he would have bought the same 1.8M coins for less than .04 BTC, but now is asking 180 BTC in just 1-2 months. Also, BTC is worth 6-7 more now in USD than at genesis.

I LIKE this coin, and its potential, but I don't like the price it's at, and the greed that the price is showing. So PLEASE, stop and check the math out yourself, and ask what this coin is worth.

I recommend new NxTers to stop buying these coins so high, and bringing the price even higher. Wait for some original investors to sell and distribute, and buy them at the dip. Thank you.

NXT: 6933627427271736687

At least it cost $4400 to start NXT. It cost 0 to start Ripple.

NXT isn't just the 2nd gen Bitcoin, it's also the decentralized Ripple. The announced features mean it has potential to be a Bitcoin killer. Especially the instant transactions. I mean, it's almost 2014, would you want to wait 60 minutes for 6 confirmations? NXT has so much potential, the price skyrockets. You're not paying for its intrinsic value, but for it's potential.

[mr_random]

20,000 Litecoins get created a day or something. That's $400,000 new coins getting dumped or hoarded everyday.

NXT? 0 coins get created every day.

Just from one single exchange we've seen how far the price has rocketed. Wait until more features start rolling out. If Ripple can get to 2 billion market cap I don't see why NXT can't challenge for that spot.

[User705]

20,000 Litecoins get created a day or something. That's $400,000 new coins getting dumped or hoarded everyday.

NXT? 0 coins get created every day.

Just from one single exchange we've seen how far the price has rocketed. Wait until more features start rolling out. If Ripple can get to 2 billion market cap I don't see why NXT can't challenge for that spot.

If you think that's a lot look at how much XBT is created every day.