Just want to catch on the discussion we had this afternoon about features and target audience for nxt.
1. (Possible) Features:
- TF for instant transactions
- TF + punishment against 50% attacks (correct?)
- no bloated blockchain
- energy friendly crypto
- mobile friendly crypto
- easy to add new features
- many many TPS
- parallel blockchains
- blockchain shrinking
- decentralized exchange
- colored coins
- decentralized voting/opiniongrabber
- decentralized AM (data storage, link storage (eg torrents), encrypted messaging, ...)
- dividend payouts (all fees per block) for everyone instead of mining of the few with lots of power
- Turing capability
- smart contracts
- anonymous transactions
- SMS gateway
2. Today it was clear that the nxt community isn't sure yet, which features are the most important ones, which could be ignored in favor of other features (some exclude each other), and who the target audience is. Would it be easier if we knew plan 2 and 3 from BCNext? I don't know. But regardless of BCNext's plans, we should discuss this topic in the community: which is our target audience now, next months and in one year? Does this depend on the features we implement or does the features depend on the audience we want to tackle? The answer is clear (or is nxt just fundamental research?) That's why we should discuss this.
3. Some thoughts on some features and their implications:
- TF was and is our key ingredient in nxt. I have no clue at which state it is right now, who will develop all the core ingredients of TF (JL?) and how important it will be in one year
- bloated blockchain: although I was quite shocked about today's statements about the size of the blockchain, I see it more clearly now. First of all I think it is still bad because solar powered RaspberryPis and AndroidTV sticks will not work for securing the nxt network in the future, IF we will get to a large TPS. The idea of thousands of raspberrypis working and securing nxt is dead. That's really sad because it was a really nice idea, especially marketing wise. Otherwise, I came to the conclusion that our chain should currently be measured with the same transaction amount as bitcoin has right now. And then, our block chain is cute and tiny.
- we are still very energy friendly, but the loss of raspberrypis in the future is a slap in the marketing face
- with lightweight clients, we are able to use nxt on every smartphone. BUT is this different and superior to BTC if we can’t actually forge with our phone? (Leasing forge power is not the same since we are not really part of the nxt network with the phone). When we implement block shrinking and parallel blockchains, we could shovel weight of the important transaction chain which means smartphones and raspberrypis could work longer for nxt (until how many TPS? I have one clue)
- SMS gateway (bounty by CfB) must be developed (eg Africa is using SMS as some sort of currency). This would be a really nice feature, especially for marketing
- do we need turing stuff? if we have the resources to develop this (i don’t want CfB to waste his energy if this is a nice, but not a must have feature or if this feature would make some other features impossible (like high TPS or no bloated blockchain)), let’s do it. it is nice marketing also.
- High and fast TPS is important for a special target audience (professionals like people relying on VISA). It was advertised big since the beginning. if we are able to keep this promise, then we must do this. or we also should look at the possibility of hight TPS if we implement other features which might interfere with hight TPS.
- anonymous transactions is a freaking HUGE opportunity. if we can tackle this, then, absolutely, let’s do it.
- decentralized exchange and colored coins are a must.
- CfB states many times that it is easy to implement new features in nxt. I am no dev and just have to believe him. It should always be easy so nxt can adapt to new ideas and technologies.
some features are implemented, some are discussed, and some are plain ideas. We should discuss where nxt is heading to get a clear view what should be implemented in the next months. We should discuss all ideas and get an overview WHO will develop which services or features. And we should make a clear distinction between service providers (which uses nxt) and nxt features (which build nxt). and we should always be aware of paradox decisions (like 1000000TPS and mini blockchain for example). Now I have no clue who is responsible for what. I have a fear that many things just don’t get done because of diffusion of responsibility (Google it). I hope i’m wrong.
Maybe I forgot many major things, but it is a starting point.
-
All the written stuff above could be total bullshit, because I'm no programmer and have difficulties to keep up with all the stuff what's going on in the nxt ecosystem.
I sincerely hope that I get some comments from devs, idea makers, marketers, ... And I hope we get a discussion started about target audience, features and what is the meaning of nxt.
Please respond (think about diffusion of responsibility if you don’t want to click “reply”).
tl;dr invest in doge.
1. (Possible) Features:
- TF for instant transactions
- TF + punishment against 50% attacks (correct?)
- no bloated blockchain
- energy friendly crypto
- mobile friendly crypto
- easy to add new features
- many many TPS
- parallel blockchains
- blockchain shrinking
- decentralized exchange
- colored coins
- decentralized voting/opiniongrabber
- decentralized AM (data storage, link storage (eg torrents), encrypted messaging, ...)
- dividend payouts (all fees per block) for everyone instead of mining of the few with lots of power
- Turing capability
- smart contracts
- anonymous transactions
- SMS gateway
2. Today it was clear that the nxt community isn't sure yet, which features are the most important ones, which could be ignored in favor of other features (some exclude each other), and who the target audience is. Would it be easier if we knew plan 2 and 3 from BCNext? I don't know. But regardless of BCNext's plans, we should discuss this topic in the community: which is our target audience now, next months and in one year? Does this depend on the features we implement or does the features depend on the audience we want to tackle? The answer is clear (or is nxt just fundamental research?) That's why we should discuss this.
3. Some thoughts on some features and their implications:
- TF was and is our key ingredient in nxt. I have no clue at which state it is right now, who will develop all the core ingredients of TF (JL?) and how important it will be in one year
- bloated blockchain: although I was quite shocked about today's statements about the size of the blockchain, I see it more clearly now. First of all I think it is still bad because solar powered RaspberryPis and AndroidTV sticks will not work for securing the nxt network in the future, IF we will get to a large TPS. The idea of thousands of raspberrypis working and securing nxt is dead. That's really sad because it was a really nice idea, especially marketing wise. Otherwise, I came to the conclusion that our chain should currently be measured with the same transaction amount as bitcoin has right now. And then, our block chain is cute and tiny.
- we are still very energy friendly, but the loss of raspberrypis in the future is a slap in the marketing face
- with lightweight clients, we are able to use nxt on every smartphone. BUT is this different and superior to BTC if we can’t actually forge with our phone? (Leasing forge power is not the same since we are not really part of the nxt network with the phone). When we implement block shrinking and parallel blockchains, we could shovel weight of the important transaction chain which means smartphones and raspberrypis could work longer for nxt (until how many TPS? I have one clue)
- SMS gateway (bounty by CfB) must be developed (eg Africa is using SMS as some sort of currency). This would be a really nice feature, especially for marketing
- do we need turing stuff? if we have the resources to develop this (i don’t want CfB to waste his energy if this is a nice, but not a must have feature or if this feature would make some other features impossible (like high TPS or no bloated blockchain)), let’s do it. it is nice marketing also.
- High and fast TPS is important for a special target audience (professionals like people relying on VISA). It was advertised big since the beginning. if we are able to keep this promise, then we must do this. or we also should look at the possibility of hight TPS if we implement other features which might interfere with hight TPS.
- anonymous transactions is a freaking HUGE opportunity. if we can tackle this, then, absolutely, let’s do it.
- decentralized exchange and colored coins are a must.
- CfB states many times that it is easy to implement new features in nxt. I am no dev and just have to believe him. It should always be easy so nxt can adapt to new ideas and technologies.
some features are implemented, some are discussed, and some are plain ideas. We should discuss where nxt is heading to get a clear view what should be implemented in the next months. We should discuss all ideas and get an overview WHO will develop which services or features. And we should make a clear distinction between service providers (which uses nxt) and nxt features (which build nxt). and we should always be aware of paradox decisions (like 1000000TPS and mini blockchain for example). Now I have no clue who is responsible for what. I have a fear that many things just don’t get done because of diffusion of responsibility (Google it). I hope i’m wrong.
Maybe I forgot many major things, but it is a starting point.
-
All the written stuff above could be total bullshit, because I'm no programmer and have difficulties to keep up with all the stuff what's going on in the nxt ecosystem.
I sincerely hope that I get some comments from devs, idea makers, marketers, ... And I hope we get a discussion started about target audience, features and what is the meaning of nxt.
Please respond (think about diffusion of responsibility if you don’t want to click “reply”).
tl;dr invest in doge.
Thanks for the great summary!
From my "average investor" point of view, I believe high and fast TPS will be the one thing that most dramatically sets Nxt apart from the competition. Once it becomes clear to the average investor that Nxt can take on not just Bitcoin, but Visa as well, this one fact will be become the main force to drive widespread adoption. This is something that everyone can understand immediately, without the need for complex explanations and examples of how it might be used in future.
Since marketing to-date has already focused on this, it should remain a top priority. At the very least, it would be good to have a system in place by April that can handle 100+ TPS with a clear roadmap of how 1000+ TPS can be achieved in the near future.
Also, high TPS is coming with eMunue, so this is not something we can ignore if we are to remain competitive in this area:
http://forum.emunie.com/index.php/topic/226-processing-at-visa-scale/
The other advanced 2nd gen features are really cool, and some are absolutely essential, but they're harder to understand, and without high TPS and scalability there's nothing to set Nxt above all the other really cool 2nd gen cryptos that are also working on these things.
I'm currently writing an article on why you should invest in Nxt. My hope is to eventually get it published on businessinsider or some other high traffic financial news website, and powerful features that the average investor can easily digest will be like dynamite for those looking for the Nxt big thing.
Strange.. Maybe the new release isn't that stable?.. Let's see. 
