Vitalik, anthony and I brought the original team together and the whitepaper did the rest. I don't know what to think of these Nxt people to be honest. Apparently our tech sucks, Nxt is better. We have been Co - opted by evil bankers yet our entire team is transparent unlike certain other teams of 71
oh and vitalik is a time traveling android sent from a dystopian future (Btw there is seriously a graphic novel coming out about it called vitalik ad 2134).
Levity aside, use common sense and good judgment. When we release the prospectus and business plan read them and do your due diligence. Look at our partners and strategy and most importantly our technology. There are some enormous frustrations in the financial world with how things are structured. It's unfair and corrupt also totally inaccessible to billions of people. Don't you think at least 2 people from the industry would like to be on a project that makes the world a better, more fair place?
I understand how you guys feel. I really do see a lot of frustration and anger in these forums. I felt the same when I was in the Ron Paul movement back in 2008. It was terrible to feel helpless and ignored. The difference today is that we have technology that can accomplish anything you want. I just want the community to help us build it, protect it and evolve it to meet the challenges of then future.
The problems we face are now too complex for a single hacker to resolve. They require a community, large investments in time and resources as well as a dream for a better world. Set the IPO aside and all the other petty grievances and help me make ethereum.
Hi Charles,
relative to fees structure, can you please explain why you chose these numbers?
TXFEE (100x) - fee for sending a transaction
NEWCONTRACTFEE (100x) - fee for creating a new contract, not including the storage fee for each item in script code
STEPFEE (1x) - fee for every computational step after than first sixteen in contract execution
STORAGEFEE (5x) - per-byte fee for adding to contract storage. The storage fee is the only fee that is not paid to a miner, and is refunded when storage used by a contract is reduced or removed.
DATAFEE (20x) - fee for accessing or setting a contract's memory from inside that contract
EXTROFEE (40x) - fee for accessing memory from another contract inside a contract
CRYPTOFEE (20x) - fee for using any of the cryptographic operations
TXFEE is 5 times CRYPTOFEE, does it mean it takes 5X computational power for the network to process the first type of operation?
GL for the project!