Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
gradis
on 07/01/2014, 07:55:33 UTC
Im quoting you James as you have laid out a post that has the most elements for my questions. Thanks.

Ok been reading about this 'darknxt' in a few posts. Read some rather agitated post's wanting to ban them and others saying its accounts that have not sent nxt at all. Righteo got that when I tried to get my public key (local get public key)- didn't have one, but sent a nxt got a public key wonderful. I feel so secure.  

Enough background im curious. pubkey, the one I log in and out with I take it yes? I mean if I fly over to any one else running nxt say hi and bash my password in I would get my account? Is this correct? I am going to assume this the case and ask why it is insecure until I send a nxt so making a public key?

I am totally un-technical so im going to take a stab at trying to understand this. All accounts are in the blockchain. Unless you're account has a public id in the blockchain it has a vastly inferior encryption method (ie need to make a alias, transaction or mine a block to get this public id). This in beginning or middle even was never explained and im only hearing this recently (well as far as posts keep expanding rapidly). So was this a bug or a fault found, because it sounds like it. I am going to assume this is an attempt to stop people trying to mine/crack the blockchain (which is d/l by anybody) and was added in after the release? Because this sudden need for this makes it seem so. But..

As i say, I am not technical so if anyone could explain it in simple, start, why, because, manner I would be grateful, as to a layman when I read posts about people wanting to ban accounts that have made no transactions and not reading about any valid reasons to do so makes me question even more this concept.    


I would read couple of pages following the post below:

https://bitcointalk.org/index.php?topic=366105.msg3910365#msg3910365


For more recent posts look at:

https://bitcointalk.org/index.php?topic=397183.msg4360195#msg4360195

https://bitcointalk.org/index.php?topic=397183.msg4360315#msg4360315


Well I thank you for your time to take to answer this but this does not answer my questions

Yes I am aware what a brain wallet is in regards to nxt. But how does my super long password become stronger with a public key? I can only think it has to do with the blockchain and the information it contains. So is this assumption correct? When was this implemented, and when was it made a necessity to have a public key as this seems to be only after new year I read about this.  

As to the last 2 post's you posted I did specify im non technical as stated.

regards

ps 'When was this implemented' I mean with regards having a long password not good enough and having to have a public key as well. clarification.