Quote from: rickyjames on February 19, 2014, 09:47:04 PM

Quote from: cc001 on February 19, 2014, 09:38:27 PM

Quote from: rickyjames on February 19, 2014, 09:26:05 PM

At this writing, NXT costs under 0.1 satoshi each.

should be "under 10000 satoshi", right?

And you could mention the "solved" 51%-attack-problem, by POS-coins in general and especially with NXT and TF

Thank you. I confused mBTC and satoshi. And good point about 51% attack, that is definitely another meme to put in there.

I'm currently doing the automated multisig gateways, so not sure if I have time to get the "push button" coin creator by the time of Texas conference. Just change it to future tense and we should be good.

Also, I think I figured out all the things that need to be done for a proof of concept automated multisig gateway. It has to be 3 community gateways and 2 of 3 multisig since that is all bitcoind supports for now.

Still, I should be able to rapidly add support for all the altcoind's that are bitcoind forks. Then all cryptos will be able to be traded within NXT AE. Deposit and withdrawal to bitcoin/altcoin addresses automatic and multisig. You will therefore be able to go from any supported crypto to NXT to any supported crypto.

Automatically!

This is a limited trust solution, as the three gateways are peer reviewing each other. As long as we figure out how to have proper failsafe methods for gateway private key recovery in case two of them disappear at once, it will be safe in all but the scenario where all three gateways collude. After the initial release, we would probably want the three gateways to keep one third each of the reserve deposits in an offline wallet. Then again two of the gateways would need to be hacked before any unauthorized withdrawals could be made. My concern is that there is no way to detect that one of them was hacked.

James

P.S. At first I am just going to release support for dogecoin, that way any losses would be easily absorbable