Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
Sharky444
on 06/12/2013, 08:41:25 UTC
Unlike Bitcoin, Nxt presently relies solely on brainwallets as the means of user authentication.  There is no "cold storage" alternative offered.

Type anything like

NW948YN3V95YN0PWS93498934N376N095HG857028MEOAWMFYCNOQA789O837QY8

Save it and use as a cold storage passphrase.

The account (16025050820116515852) has 0 coins. Wait a few days and we will probably see something there lol!

We should fund all the accounts of known passphrases with 1 NXT to prevent the use of it.
Good idea, but who will contribute such a huge number of NXT? Smiley

How about kill two birds with one stone?
Create a script to send 1 NXT (with 1 more NXT as the tx fee) to the addresses created by the dictionary from the unclaimed account every minute. The tx fee can help to increase a little bit incentive of mining. Smiley Moreover, this can be a good penalty to those unclaimed owners. 

This is a great idea!