Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
xibeijan
on 18/12/2013, 16:43:25 UTC
1. I purchase candy and link it to mysite.example.com
2. Jill wants to purchase candy from me
3. There is no transfer/sell option. 'candy' is always linked to the same acct number.

Is that correct? I'd love to option to be able to sell these. Also, with NXT amount so low, doesn't that just encourage someone with a crapload of coins to drop 10k on names?

Correct, u have NO option to sell these except by selling ur secret phrase.

Anyone can squat as many names as they wish. NRS picks high-fee transactions in the 1st place.

4. Is the NO sell option a technical hurdle or a design decision? I understand the ability to sell the passphrase, however, there would be nothing stopping the seller from jumping back in at anytime and redirecting the alias to another site.

Am I understanding correctly that the password is bound to the name and that if you know the password, then you own the name?

If so, then this is a major security flaw, as there is truly no way to transfer ownership of a name from one user to another user (since they both must know the password).

Please tell me I'm misunderstanding it.