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the transaction fees are still too damn high, forging rewards are way to low & come too slow for all but the richest Nxters.
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In my opinion, you're better off dishing out smaller rewards at a faster pace. People are like lab rats who feel rewarded when they get a pellet. It would be better to get .001 NXT every couple of days than 10 NXT after many months. It is simple psychology. Almost every successful software "invention" these days is successful because it's
addicting. Twitter, facebook, Angry Birds, Flappy Birds, Candy Crush, Farmville. All very successful and all very addicting. Give the people their pellets and they will be addicted and they will forge.
RFC: Parallel Chains conceptOnly TL;DR version, coz noone would read a full one.Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
one Raspberry pi node to forge must be active.
if a raspberry pi node gets forge shares its fee with other Raspberry Pi nodes
pointing to the same TPS node. (one of the 1,000 TPS nodes for example "XX" )
note the criteria to limit the power of forging an account 1,000,000 nxt is due to 1440 blocks are generated in a day and therefore the chance is about one day. if the number of blocks per day for example increase to 14400 per day the criteria to limit the power of forging change to 100,000 nxt account as tantamount to a chance of about one day.
why one day?
because all accounts that they want to forge if they are always active every day receive fees
keeps the interest in forging and maintain the node active everytimeSlave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
"XX" TPS node forge a
slave parallel bloc because power forge depends by Raspberry Pi nodes
can split the fees if a Raspberry pi node gets forge to all Raspberry pi nodes that point to "XX" node in proportion to the amount of funds each node (account) has
can exchange fiat currency
can handle 1000 TPS
what happens if you attack one of the 1,000 nodes?
as the power to forge remains in raspberri pi nodes the network security remains unchanged.
it may happen that momentarily not reached 1,000 TPS
Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.