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
Topic: NXT :: descendant of Bitcoin - Updated Information - page 1076. (Read 2761637 times)
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)
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?
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).
Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?
No.
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.
Bitcoin is at 7 TPS ...smartphones can easily handle that....I think high end smartphones (Note 3 or Iphone 5S) can easily handle 1000 TPS....if you have fast internet.
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.
There is a way to connect external storage to the smartphone but it really doesn't matter because we are NO WHERE near 10 TPS much less 100 TPS much much much less 1000 TPS.
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.
Off Topic:
Anyone with working knowledge of greek language and crypto here?
translated: Yπαρχει κανείς εδω πoυ να γνωρίζει ελληνικά και αρχές κρυπτoγραφίας?
TIA
-Fo-
Anyone with working knowledge of greek language and crypto here?
translated: Yπαρχει κανείς εδω πoυ να γνωρίζει ελληνικά και αρχές κρυπτoγραφίας?
TIA
-Fo-
I bet a true cryptographer is able to read any language.
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").
Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?
No.
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.
Bitcoin is at 7 TPS ...smartphones can easily handle that....I think high end smartphones (Note 3 or Iphone 5S) can easily handle 1000 TPS....if you have fast internet.
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.
I think you need the main chain.
And guys, it is not about "omg, we never need 1000 TPS. this is way too much".
It is about:
"Hello, this is Nxt. If you want to kick visa in the ass, here we are. Decentralized, capable of making 1000 TPS. Fuck visa".
I like the concept of parallel chains. But maybe I don't understand correctly. We only have parallel chains for different purposes, like Transactions, Messages, Porns. Right? Or do we split "transactions" to different chains? And please no "the community decides" answer 
U can split any way u wish. By category, by region, randomly (deterministic random must be used)... Master chain is the only chain that must be used by every node.
Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?
No.
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.
Bitcoin is at 7 TPS ...smartphones can easily handle that....I think high end smartphones (Note 3 or Iphone 5S) can easily handle 1000 TPS....if you have fast internet.
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.
Bitcoin is at 7 TPS ...smartphones can easily handle that....I think high end smartphones (Note 3 or Iphone 5S) can easily handle 1000 TPS....if you have fast internet.
Maybe so - but 300GB of storage?
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 disastrous.
Off Topic:
Anyone with working knowledge of greek language and crypto here?
translated: Yπαρχει κανείς εδω πoυ να γνωρίζει ελληνικά και αρχές κρυπτoγραφίας?
TIA
-Fo-
Anyone with working knowledge of greek language and crypto here?
translated: Yπαρχει κανείς εδω πoυ να γνωρίζει ελληνικά και αρχές κρυπτoγραφίας?
TIA
-Fo-
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)
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!
Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?
No.
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.
Bitcoin is at 7 TPS ...smartphones can easily handle that....I think high end smartphones (Note 3 or Iphone 5S) can easily handle 1000 TPS....if you have fast internet.
At the moment our current level is only 0.01 TPS so we have a long way to go.
Indeed - so I don't think there is any need to panic about getting the blockchain shrinking done overnight either.
I am more concerned with marketing campaigns that end up becoming a PR disaster due "ridiculously over optimistic" promises.
A product that delivers its promises is respected much more than one that "promises the moon" but never actually delivers.
+1000000
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.
True. But after someone implements Parallel Chains this conclusion will become false.
I like the concept of parallel chains. But maybe I don't understand correctly. We only have parallel chains for different purposes, like Transactions, Messages, Porns. Right? Or do we split "transactions" to different chains? And please no "the community decides" answer
How could this help? 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?
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.
True. But after someone implements Parallel Chains this conclusion will become false.
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)
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)
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