NXT :: descendant of Bitcoin - Updated Information

[landomata]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

Yes, that could work!

I say....Anon, CFB & Klee....manage the account.

Edit : Its a long shot all three will disappear at the same time

[pinarello]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

Yes, that could work!

I say....Anon, CFB & Klee....manage the account.

Edit : Its a long shot all three will disappear at the same time

The three should have the intention to support NXT in the long term, and have time to be there for the community.

So CfB is out

Pin

[l8orre]

NRS question -

maybe someone who knows (probably one of the core edevelopers) can give me a liitle hint here in respect to the blockchain operations:

as I understand the blockchain is an implementain of a Merkle tree, as is with Bitcoin.
Am I right with the assumption that the blockchain of NXT works in a similar manner as the blockchain of Bitcoin (hence the quick appearance of NXT blockchain explorers, etc),
and that the the difference between NXT and bitcoin lies in the crypto (curve25519, incl PoS & transparent forging) BEHIND the blockchain?

So that if I want to get a grip on the internals of NXT, I could start out by getting a grip on the blockchain operations, which I could do by consulting Bitcoin blockchain documentation?  

Cheers,
l8orre

[ or is there a special thread for this that I may have missed?   ]

[gimre]

Regarding 10M thingy, what do you think about using one of Secret Sharing schemes?

There are schemes, that allow dividing the secret into ROLES, i.e. BCNext would be general, and let's say 18 soldiers.

To "vote" (make transfer) there would be needed vote of general and k out of n soldiers.

General is not able to do generate Shared Secret by himself.
If there would be conspiracy of soldiers, they wouldn't be able to retrieve Shared Secret without general.

[landomata]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

Yes, that could work!

I say....Anon, CFB & Klee....manage the account.

Edit : Its a long shot all three will disappear at the same time

The three should have the intention to support NXT in the long term, and have time to be there for the community.

So CfB is out

Pin

Pouncer

[swartzfeger]

So if you believe in Nxt's innovation, buy in Nxt for the investment and work for Nxt. Don't depend on those 10 M Nxt. Depend on your own investment and your own work. Someone may find it is very risky and just want to earn in short term for their investment in time, money and development work. It's the real market, and we also need those users, or we can't buy in so many to get a lot return for our consistent work.

I could spend $50 of my own fiat @ istockphoto (or wherever) to complete some upcoming brochures. Or I could spend $50 on buying more NXT. A few hundred NXT tossed to the people working on projects won't break the bank and will probably keep team members on projects.

personally, I'm done paying out of pocket... it's not that I'm mad, stamping my feet demanding ransom (volunteering free time is exactly that -- FREE)... it's just that the lack of NXT received by Uniqueorn et al indicates to me there's zero interest by the stakeholders, community etc. I think that's the issue the PR people are facing.

If there's zero interest, why am I paying $ out of pocket for projects when I can just head to dgex with my fiat? More time for reading this monster thread.

[pinarello]

Regarding 10M thingy, what do you think about using one of Secret Sharing schemes?

There are schemes, that allow dividing the secret into ROLES, i.e. BCNext would be general, and let's say 18 soldiers.

To "vote" (make transfer) there would be needed vote of general and k out of n soldiers.

General is not able to do generate Shared Secret by himself.
If there would be conspiracy of soldiers, they wouldn't be able to retrieve Shared Secret without general.

a general with VETO power?

[pinarello]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

Yes, that could work!

I say....Anon, CFB & Klee....manage the account.

Edit : Its a long shot all three will disappear at the same time

The three should have the intention to support NXT in the long term, and have time to be there for the community.

So CfB is out

Pin

Pouncer

BCNext decides or community votes and recrute candidates.?

Pin

[dzarmush]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

One account + three people knows passphrase = less secure

Ten accounts + ten anonymous separate people = super secure

BCNext should pick the people

[pinarello]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

One account + three people knows passphrase = less secure

Ten accounts + ten anonymous separate people = super secure

BCNext should pick the people

Case:

Community decided to pay 10,000 NXT to X

Who of the 10 accounts will pay?

Pin

[gimre]

Regarding 10M thingy, what do you think about using one of Secret Sharing schemes?

There are schemes, that allow dividing the secret into ROLES, i.e. BCNext would be general, and let's say 18 soldiers.

To "vote" (make transfer) there would be needed vote of general and k out of n soldiers.

General is not able to do generate Shared Secret by himself.
If there would be conspiracy of soldiers, they wouldn't be able to retrieve Shared Secret without general.

a general with VETO power?

yups exactly

[swartzfeger]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

One account + three people knows passphrase = less secure

Ten accounts + ten anonymous separate people = super secure

BCNext should pick the people

While you zig, I'm going to zag -- I don't think BCNext should pick. The whole cult of BCNext needs to die, I think.

BCNext wants a say? Then he should come here and post names and quit acting like an Aspergian flake with middle men speaking for him (with all respect to CfB).

Seriously, if he wants to pick, start interacting with the community like the rest of us and get a bloody nose from time to time.

[swartzfeger]

BCNext decides or community votes and recrute candidates.?

Pin

Community. If BCNext wants a say, maybe he should decloak from time to time and drop in.

[dzarmush]

put it on one account with three people that know the password

the community decides by vote when to send money.

one of the three is sending

Pin

One account + three people knows passphrase = less secure

Ten accounts + ten anonymous separate people = super secure

BCNext should pick the people

Case:

Community decided to pay 10,000 NXT to X

Who of the 10 accounts will pay?

Pin

Every of them 1/10 part. Or every account may have a number from 1 to 10, so account 1 pays until it's empty. Lots of options. Security should be the main concern.

[wesleyh]

1 account, 10 million.

9 anonymous people are chosen.

3 get the first part of the password.
3 get the second part of the password.
3 get the last part of the password.

So to send money, we just need to contact 1 of every group.  This needs to be a diverse group so that no one can figure out other people that might be in the group of chosen ones.

Make a script that allows input of the password parts and then executes it.

Or better yet, use some sort of screen sharing where each person then enters their password phrase. Everyone can view at the same time.

[dzarmush]

BCNext decides or community votes and recrute candidates.?

Pin

Community. If BCNext wants a say, maybe he should decloak from time to time and drop in.

He didn't say he wants to pick 10 people? I said he should pick them. If he wanted to choose by himself he'd already did it. Anyway what's your problem with BCNext's anonymity? He's obviously cares about Nxt. What for you want him on the forum?

[swartzfeger]

Every of them 1/10 part. Or every account may have a number from 1 to 10, so account 1 pays until it's empty. Lots of options. Security should be the main concern.

Speaking of security, Drexme was active less than a day ago. Any word on him and the NXT he supposedly stole?

[dzarmush]

1 account, 10 million.

9 anonymous people are chosen.

3 get the first part of the password.
3 get the second part of the password.
3 get the last part of the password.

So to send money, we just need to contact 1 of every group.  This needs to be a diverse group so that no one can figure out other people that might be in the group of chosen ones.

Make a script that allows input of the password parts and then executes it.

Or better yet, use some sort of screen sharing where each person then enters their password phrase. Everyone can view at the same time.

 

[gimre]

Regarding 10M thingy, what do you think about using one of Secret Sharing schemes?

There are schemes, that allow dividing the secret into ROLES, i.e. BCNext would be general, and let's say 18 soldiers.

To "vote" (make transfer) there would be needed vote of general and k out of n soldiers.

General is not able to do generate Shared Secret by himself.
If there would be conspiracy of soldiers, they wouldn't be able to retrieve Shared Secret without general.

a general with VETO power?

Also I think this could be done without any changes in client itself.
It could run on separate host (possibly inaccessible to both generals and soldiers) as a service.

[Come-from-Beyond]

You mean like the one you initiated with the "http://localhost:7874/" passphrase scenario?