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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1066. (Read 2761640 times)

legendary
Activity: 1470
Merit: 1004
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy one gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"

Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.

Reducing Nxt fee lowers incentive to forge with large Nxt account, while at the same time encouraging use of Nxt features. I like it.

Why not waiting for a month or two? Why the hurry?

Cause we need more people using Nxt, not forging for profit.
Do you think that 1 NXT fee is something that really stops people now?! C'mon, it's just few cents!

For someone who can only afford 1000 Nxt, yes.
Afford for what?
We have no services now where someone who "can only afford 1000 Nxt" can spend their coins anyway.
I mean, I not against 0.01 fee. I just want to see some real-life reason for it. Do not forget that it is kinda significant core change.

Yeah, I agree with you, but why not implement now, why wait for people to complain about it.
hero member
Activity: 784
Merit: 501
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy one gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"

Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.

Reducing Nxt fee lowers incentive to forge with large Nxt account, while at the same time encouraging use of Nxt features. I like it.

Why not waiting for a month or two? Why the hurry?

Cause we need more people using Nxt, not forging for profit.
Do you think that 1 NXT fee is something that really stops people now?! C'mon, it's just few cents!

For someone who can only afford 1000 Nxt, yes.
Afford for what?
We have no services now where someone who "can only afford 1000 Nxt" can spend their coins anyway.
I mean, I not against 0.01 fee. I just want to see some real-life reason for it. Do not forget that it is kinda significant core change.
legendary
Activity: 2142
Merit: 1010
Newbie
So, now I got two problems:
1) What if the results don't match?
2) Why is the forger getting all the fees? We are not talking about a little block verification script. Turing-complete scripts could do anything from calculating the square root to performing operations worth 200.000 NXTs and more.

1. We must use a language that doesn't lead to nondeterministic results.
2. Let's discuss other possibilities.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
These last few pages has brought back memories of when the Nxt community was at battle with the zombies... watch this Turing or whatever you want to call it language/script be Nxt History before you know it!    Wink

Don't think so. Digital Contracts are very important feature. Especially when comparing NXT and Ethereum.

Now, it's just fine-tuning some parameters.
legendary
Activity: 2142
Merit: 1010
Newbie
Idea: don't use Nxt for chat because in April there will be a fork with infinite coins. CXT, MXT, whatsnxt, facenxt, nxtwitter...

...Noogle...
legendary
Activity: 1470
Merit: 1004
Cause we need more people using Nxt, not forging for profit.

I agree.

But, come on, NXT is two months old. Don't push it too hard.

I think the concept should convince people to come and to stay not the fees. If they stay, good. If they don't because of the fees, they will leave at the slightest problem. Let's accumulate those people first and then let people in that are just here for 'yet-another-altcoin' profit.

Don't you thing we have still some time?

Yes, but it's another item off the plate, and we can move on to more important things.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
We only get the result from the forger. That's a result of having a turing-complete language. You cannot prove what the script is going to calculate.

This statement is wrong.

Ah, really? What do we have instead?

Every node will run the script by itself.

This is what I told you.

So, now I got two problems:
1) What if the results don't match?
2) Why is the forger getting all the fees? We are not talking about a little block verification script. Turing-complete scripts could do anything from calculating the square root to performing operations worth 200.000 NXTs and more.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Cause we need more people using Nxt, not forging for profit.

I agree.

But, come on, NXT is two months old. Don't push it too hard.

I think the concept should convince people to come and to stay not the fees. If they stay, good. If they don't because of the fees, they will leave at the slightest problem. Let's accumulate those people first and then let people in that are just here for 'yet-another-altcoin' profit.

Don't you thing we have still some time?
hero member
Activity: 600
Merit: 500
Nxt-kit developer
Cause we need more people using Nxt, not forging for profit.

Forging works only for stakeholders. Why should we care about them?

Idea: don't use Nxt for chat because in April there will be a fork with infinite coins. CXT, MXT, whatsnxt, facenxt, nxtwitter.
legendary
Activity: 1470
Merit: 1004
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy one gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"

Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.

Reducing Nxt fee lowers incentive to forge with large Nxt account, while at the same time encouraging use of Nxt features. I like it.

Why not waiting for a month or two? Why the hurry?

Cause we need more people using Nxt, not forging for profit.
Do you think that 1 NXT fee is something that really stops people now?! C'mon, it's just few cents!

For someone who can only afford 1000 Nxt, yes.
legendary
Activity: 1120
Merit: 1000
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy one gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"

Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.

Reducing Nxt fee lowers incentive to forge with large Nxt account, while at the same time encouraging use of Nxt features. I like it.

Why not waiting for a month or two? Why the hurry?

Cause we need more people using Nxt, not forging for profit.
Do you think that 1 NXT fee is something that really stops people now?! C'mon, it's just few cents!

It isn't in $ valuation. But in NXT terms it "seems" a lot.
hero member
Activity: 784
Merit: 501
Fixed a critical bug. Everybody should upgrade immediately.
So my paranoia wake up.

What is the bug?! Do I need to decompile pair of sources and do diff and than do analyse just before upgrade?
Do you try to hide something from evil hackers? I think they are first who do analysis on decompiled sources...

Don't waste ur time, it will be fully disclosed anyway.
I go to sleep, but my paranoia is not.
hero member
Activity: 784
Merit: 501
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy one gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"

Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.

Reducing Nxt fee lowers incentive to forge with large Nxt account, while at the same time encouraging use of Nxt features. I like it.

Why not waiting for a month or two? Why the hurry?

Cause we need more people using Nxt, not forging for profit.
Do you think that 1 NXT fee is something that really stops people now?! C'mon, it's just few cents!
hero member
Activity: 784
Merit: 501
given that it looks like the system as designed supports only 2 decimal places.  A decompile shows getBalance methods using some integer casting operations being divided by 100L.
Yes. And AFAIR situation was even worse at least in 0.4.7: transactions and fees was integer numbers, and account balance too, but 100 times higher.
legendary
Activity: 2142
Merit: 1010
Newbie
We only get the result from the forger. That's a result of having a turing-complete language. You cannot prove what the script is going to calculate.

This statement is wrong.

Ah, really? What do we have instead?

Every node will run the script by itself.
legendary
Activity: 2142
Merit: 1010
Newbie
Fixed a critical bug. Everybody should upgrade immediately.
So my paranoia wake up.

What is the bug?! Do I need to decompile pair of sources and do diff and than do analyse just before upgrade?
Do you try to hide something from evil hackers? I think they are first who do analysis on decompiled sources...

Don't waste ur time, it will be fully disclosed anyway.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
We only get the result from the forger. That's a result of having a turing-complete language. You cannot prove what the script is going to calculate.

This statement is wrong.

Ah, really? What do we have instead?
legendary
Activity: 1470
Merit: 1004
Fee: 1.0
Until we really have high price for 1 NXT.
Until we really have big number of transactions per block.
Until we really start to scream: "WTF, I buy one gram of blow cheap cheneese smartphone and need to pay 5% of it's price as fee!"

Exactly, my thoughts. Would also like a % of transaction's amount to be spent as fee with min 1NXT.

Reducing Nxt fee lowers incentive to forge with large Nxt account, while at the same time encouraging use of Nxt features. I like it.

Why not waiting for a month or two? Why the hurry?

Cause we need more people using Nxt, not forging for profit.
hero member
Activity: 784
Merit: 501
Fixed a critical bug. Everybody should upgrade immediately.
So my paranoia wake up.

What is the bug?! Do I need to decompile pair of sources and do diff and than do analyse just before upgrade?
Do you try to hide something from evil hackers? I think they are first who do analysis on decompiled sources...
newbie
Activity: 39
Merit: 0
I altered my mind. I think 0.1 NxT fee is good for now. Everything else can be decided by voting.

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