NXT :: descendant of Bitcoin - Updated Information - page 1075.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: BitcoinForumator on February 05, 2014, 09:31:32 AM

And even if Cryptsy adds NXT...so what?

Maybe there will be a bit more redistribution from the top owners. But so what?

NXT is still only recognized in the Crypto world which is tiny.

I wouldn't expect to become very popular among ordinary people very soon. Let's continue our expansion to the world of finance, the rest of the world won't have another option after Wall Street guys start using Nxt.

rickyjames

full member

Activity: 196

Merit: 100

Quote from: gimre on February 05, 2014, 09:15:57 AM

Quote from: bitcoinpaul on February 05, 2014, 09:03:25 AM

I could state that my penis is forging too, because I leased my forging power.

Best quote in this thread. I'm gonna save it for future generations.

Once you lease your penis' forging power, you are unable to create future generations.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: landomata on February 05, 2014, 09:21:44 AM

Quote from: wesleyh on February 05, 2014, 09:16:36 AM

1000 TPS is a theoretical number, in fact I'd wager that it would take at least 2 (possible more) years to have that many transactions per second. So no, you won't need 300GB available (per month).

Reaching it may be possible but to sustain it over a long period of time would be something else.

31 billion transactions if we could maintain 1000 TPS for a year.

If we every reach this level then we're on MAR!....forget MOON!

You get the causality wrong.

Let me explain:

One idea of Nxt was, theoretically, to be able to handle 1000TPS. To dethrone VISA maybe with their bullshit high fees. Some small shop owners lose 50% of there marge today because of VISA. Think about it.

Now, Nxt is the saviour. If we want to get to the Mars/Moon, there needs to be something like "well, no problem, we can easily handle 1000TPS in the future if we want. Just some coding and done". <- This maybe leads to 1000 TPS in the future -> to the mars in the future. Not the other way around.

btw visa handles 2000 TPS on average I believe.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

And even if Cryptsy adds NXT...so what?

Maybe there will be a bit more redistribution from the top owners. But so what?

NXT is still only recognized in the Crypto world which is tiny.

When I talk to people about Crypto - let's say I mentioned it to 50 people (but it was more than that) - NONE knew anything..."huh Crypto" - what? Bitcoin? Huh?"

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: BitcoinForumator on February 05, 2014, 09:28:23 AM

Quote from: nakaone on February 05, 2014, 09:26:25 AM

Quote from: Hacer88 on February 05, 2014, 09:24:50 AM

Quote from: BitcoinForumator on February 05, 2014, 09:17:01 AM

Quote from: rickyjames on February 05, 2014, 09:09:11 AM

Quote from: BitcoinForumator on February 05, 2014, 09:05:19 AM

Why not focus on DE rather than this 1000(or 100) TPS?

Do you need that much horsepower (100TPS or more) when you have a Distributed Exchange?

To me DE seems much more attractive.

(note: talking from a layman's perspective)

The true layman is going to first come in contact with NXT at Crypsy. Only an already-sold NXT enthusiast is going to have a NXT client that supports Distributed Exchange.

Again I say, our second highest bounty and our second highest team identification effort (after blockchain) should be a hand-in-hand approach to work with Cryptsy IT folks on a data/software bridge to get NXT on Cryptsy NOW!

You have a point.

A month ago I came upon the answer that the problem was the API.

Why does only Cryptsy have a problem with this? And not Bter, Dgex, Nxtchg.com and others?

I thought our team spoke to the Cryptsy team in Miami and then we have sended an email to them. But it's true that we don't see any developments about this.

if i remember correctly they want a client first and the re-evaluate.

Seems to me like Cryptsy is making excuses. Why a client?

They've been adding every altcoin possible, but they won't touch NXT.

(assuming that API isn't the problem - but other exchanges didn't have an API issue)

so again it brings me to think Cryptsy doesn't add NXT because of their own agenda.

it is because it is not in C.
Every coin they have is with Bitcoin code.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: Come-from-Beyond on February 05, 2014, 09:24:55 AM

Quote from: pinarello on February 05, 2014, 09:22:36 AM

my penis is forging too, because I leased my forging power

Won't work for women... Can we use "Pin's" instead of "My" then?

That is...Pin's™

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: nakaone on February 05, 2014, 09:26:25 AM

Quote from: Hacer88 on February 05, 2014, 09:24:50 AM

Quote from: BitcoinForumator on February 05, 2014, 09:17:01 AM

Quote from: rickyjames on February 05, 2014, 09:09:11 AM

Quote from: BitcoinForumator on February 05, 2014, 09:05:19 AM

Why not focus on DE rather than this 1000(or 100) TPS?

Do you need that much horsepower (100TPS or more) when you have a Distributed Exchange?

To me DE seems much more attractive.

(note: talking from a layman's perspective)

The true layman is going to first come in contact with NXT at Crypsy. Only an already-sold NXT enthusiast is going to have a NXT client that supports Distributed Exchange.

Again I say, our second highest bounty and our second highest team identification effort (after blockchain) should be a hand-in-hand approach to work with Cryptsy IT folks on a data/software bridge to get NXT on Cryptsy NOW!

You have a point.

A month ago I came upon the answer that the problem was the API.

Why does only Cryptsy have a problem with this? And not Bter, Dgex, Nxtchg.com and others?

I thought our team spoke to the Cryptsy team in Miami and then we have sended an email to them. But it's true that we don't see any developments about this.

if i remember correctly they want a client first and the re-evaluate.

Seems to me like Cryptsy is making excuses. Why a client?

They've been adding every altcoin possible, but they won't touch NXT.

(assuming that API isn't the problem - but other exchanges didn't have an API issue)

so again it brings me to think Cryptsy doesn't add NXT because of their own agenda.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: Hacer88 on February 05, 2014, 09:24:50 AM

Quote from: BitcoinForumator on February 05, 2014, 09:17:01 AM

Quote from: rickyjames on February 05, 2014, 09:09:11 AM

Quote from: BitcoinForumator on February 05, 2014, 09:05:19 AM

Why not focus on DE rather than this 1000(or 100) TPS?

Do you need that much horsepower (100TPS or more) when you have a Distributed Exchange?

To me DE seems much more attractive.

(note: talking from a layman's perspective)

The true layman is going to first come in contact with NXT at Crypsy. Only an already-sold NXT enthusiast is going to have a NXT client that supports Distributed Exchange.

Again I say, our second highest bounty and our second highest team identification effort (after blockchain) should be a hand-in-hand approach to work with Cryptsy IT folks on a data/software bridge to get NXT on Cryptsy NOW!

You have a point.

A month ago I came upon the answer that the problem was the API.

Why does only Cryptsy have a problem with this? And not Bter, Dgex, Nxtchg.com and others?

I thought our team spoke to the Cryptsy team in Miami and then we have sended an email to them. But it's true that we don't see any developments about this.

if i remember correctly they want a client first and the re-evaluate.

okaynow

hero member

Activity: 546

Merit: 500

PGP 9CB0902E

Quote from: Come-from-Beyond on February 05, 2014, 09:15:07 AM

I bet a true cryptographer is able to read any language.

True, but the request comes from a person with little crypto knowledge. I am looking for sources on crypto in greek, but can;t seem to find much. Obviously i will keep digging, but I need some help with proofreading, it would have to be someone who knows more on crypto than me, it should not be very hard.

I have been translating some pages on the wiki that are easy for a layman like me to understand, but i would like to make sure that my texts actually make sense before i continue with it.

Thank you.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: Passion_ltc on February 05, 2014, 09:24:08 AM

Quote from: TwinWinNerD on February 05, 2014, 09:17:31 AM

In the german speaking part of the world we have a saying for this kind of thing you want (1000 TPS + turning + xxxGB on smarthphone + sick internet) http://de.wikipedia.org/wiki/Eierlegende_Wollmilchsau it basically is a saying and means: Egg-laying-cotton-giving-milk and meat-giving-pig

You are from Germany?

Wien

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: pinarello on February 05, 2014, 09:22:36 AM

my penis is forging too, because I leased my forging power

Won't work for women... Can we use "Pin's" instead of "My" then?

Hacer88

member

Activity: 80

Merit: 10

Quote from: BitcoinForumator on February 05, 2014, 09:17:01 AM

Quote from: rickyjames on February 05, 2014, 09:09:11 AM

Quote from: BitcoinForumator on February 05, 2014, 09:05:19 AM

Why not focus on DE rather than this 1000(or 100) TPS?

Do you need that much horsepower (100TPS or more) when you have a Distributed Exchange?

To me DE seems much more attractive.

(note: talking from a layman's perspective)

The true layman is going to first come in contact with NXT at Crypsy. Only an already-sold NXT enthusiast is going to have a NXT client that supports Distributed Exchange.

Again I say, our second highest bounty and our second highest team identification effort (after blockchain) should be a hand-in-hand approach to work with Cryptsy IT folks on a data/software bridge to get NXT on Cryptsy NOW!

You have a point.

A month ago I came upon the answer that the problem was the API.

Why does only Cryptsy have a problem with this? And not Bter, Dgex, Nxtchg.com and others?

I thought our team spoke to the Cryptsy team in Miami and then we have sended an email to them. But it's true that we don't see any developments about this.

Passion_ltc

hero member

Activity: 714

Merit: 500

Crypti Community Manager

Quote from: TwinWinNerD on February 05, 2014, 09:17:31 AM

In the german speaking part of the world we have a saying for this kind of thing you want (1000 TPS + turning + xxxGB on smarthphone + sick internet) http://de.wikipedia.org/wiki/Eierlegende_Wollmilchsau it basically is a saying and means: Egg-laying-cotton-giving-milk and meat-giving-pig

You are from Germany?

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: landomata on February 05, 2014, 09:21:44 AM

Quote from: wesleyh on February 05, 2014, 09:16:36 AM

1000 TPS is a theoretical number, in fact I'd wager that it would take at least 2 (possible more) years to have that many transactions per second. So no, you won't need 300GB available (per month).

Reaching it may be possible but to sustain it over a long period of time would be something else.

31 billion transactions if we could maintain 1000 TPS for a year.

If we every reach this level then we're on MAR!....forget MOON!

Forget MARS, when you have the tiniest problem called the Cryptsy not being able to process NXT.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: gimre on February 05, 2014, 09:15:57 AM

Quote from: bitcoinpaul on February 05, 2014, 09:03:25 AM

I could state that my penis is forging too, because I leased my forging power.

Best quote in this thread. I'm gonna save it for future generations.

Lets make it our marketing slogan!

my penis is forging too, because I leased my forging power

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: wesleyh on February 05, 2014, 09:16:36 AM

1000 TPS is a theoretical number, in fact I'd wager that it would take at least 2 (possible more) years to have that many transactions per second. So no, you won't need 300GB available (per month).

Reaching it may be possible but to sustain it over a long period of time would be something else.

31 billion transactions if we could maintain 1000 TPS for a year.

If we ever reach this level then we're on MAR!....forget MOON!

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: bitcoinpaul on February 05, 2014, 09:09:27 AM

Quote from: CIYAM on February 05, 2014, 09:07:12 AM

Quote from: bitcoinpaul on February 05, 2014, 09:03:25 AM

We conclude: This forging smartphone marketing thing is kinda bs. I could state that my penis is forging too, because I leased my forging power. The only difference, for example to BTC, is, that we can run a lightweight working client on our smartphones to make transactions, without the forging (and thus network securing) function.

In fact I'd say that it's no different to operating an SPV client on a smartphone for Bitcoin (and is perhaps even less secure than that).

So - another point to those doing the marketing is probably going to be "forget the RPi and other tiny computers also".

@CfB - how will parallel chains help the situation?

This ~~could be~~ is disastrous.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: CIYAM on February 05, 2014, 09:13:04 AM

Quote from: bitcoinpaul on February 05, 2014, 09:09:27 AM

This could be disastrous.

Again - it just doesn't seem very clear to me how we can do all these things - "forge with a solar powered cubie or the like", handle 1000+ TPS and also be able to handle a "Turing complete" transaction language (oh - and yes - be able to do it all on your average "smart phone").

Right, let us dream a little bit. Ideas and vision are healthy. But we shouldn't kid ourself. We want to be taken seriously so we should be careful what to state in public and what not.

But maybe we get it all wrong and CfB / JL / BCNext have the answers. Maybe the mix of TF+ServiceProviders+parallelchains+shrinking = solution.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: rickyjames on February 05, 2014, 09:11:32 AM

Do you know for a fact that a NXT forging node can operate without having a local blockchain copy of 300 GB? I don't know that, and nobody has told me that. Somebody tell me that. And my smartphone doesn't have 300 GB of storage. And I couldn't afford to load that much data over the air anyway just to forge 1 NXT.

Well, guys. If u could wait till 2015 I would come and save u with my Qubic. It's a pure currency, no things like Asset Exchange, Aliases. No blockchain also. It doesn't store history, only current snapshot. U could use Qubic as cash and Nxt for everything else...

/end of advertisement.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: wesleyh on February 05, 2014, 09:16:36 AM

1000 TPS is a theoretical number, in fact I'd wager that it would take at least 2 (possible more) years to have that many transactions per second. So no, you won't need 300GB available (per month).

Not disagreeing with the realities about how many TPS are likely to actually be "executed" but it is still not a good idea to be marketing something that can't actually (at this stage) be delivered.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1075. (Read 2761638 times)