NXT :: descendant of Bitcoin - Updated Information - page 1078.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: rickyjames on February 05, 2014, 08:38:56 AM

And the team and the bounty that is working on a pruning algorithm RIGHT NOW to support a 300 GB Blockchain (holy crap!) is? Huh

? Is this more important or less important that selecting a Turing complete language for NXT???

My vote is obvious.

Turing complete language is just for fun.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: rickyjames on February 05, 2014, 08:41:05 AM

Quote from: landomata on February 05, 2014, 08:38:14 AM

Quote from: Come-from-Beyond on February 05, 2014, 08:35:12 AM

Quote from: CIYAM on February 05, 2014, 08:33:38 AM

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.

100 TPS is still a lot of transactions...8.64 million in 24 hours.

Dude. We still need blockchain pruning capability and we need it NOW. And we need to dial back our claims if we are dialing back our expectations, and we need to dial those claims back NOW.

+10

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: bitcoinpaul on February 05, 2014, 08:38:34 AM

Tell me again how I can forge with my smartphone? What are the details of a hypothetical "lightweight client"?

U will lease forging power. And u don't need complete blockchain coz u can send transactions via public nodes (Service Providers in the future).

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on February 05, 2014, 08:39:57 AM

Quote from: landomata on February 05, 2014, 08:36:35 AM

Quote from: Come-from-Beyond on February 05, 2014, 08:33:22 AM

Quote from: landomata on February 05, 2014, 08:29:48 AM

We need some idea as we plan to implement this feature.

Ok, let's brainstorm.

1) Who would be able to code this feature?

Any apprentice Java coder.

1) How long would it take an apprentice Java coder?

2) Would he need full access to the source code?

rickyjames

full member

Activity: 196

Merit: 100

Quote from: landomata on February 05, 2014, 08:38:14 AM

Quote from: Come-from-Beyond on February 05, 2014, 08:35:12 AM

Quote from: CIYAM on February 05, 2014, 08:33:38 AM

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.

100 TPS is still a lot of transactions...8.64 million in 24 hours.

Dude. We still need blockchain pruning capability and we need it NOW. And we need to dial back our claims if we are dialing back our expectations, and we need to dial those claims back NOW.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: landomata on February 05, 2014, 08:36:35 AM

Quote from: Come-from-Beyond on February 05, 2014, 08:33:22 AM

Quote from: landomata on February 05, 2014, 08:29:48 AM

We need some idea as we plan to implement this feature.

Ok, let's brainstorm.

1) Who would be able to code this feature?

Any apprentice Java coder.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: Come-from-Beyond on February 05, 2014, 08:35:12 AM

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.

Okay - I hope those doing the marketing will note this and try to not add that extra zero for now - Bitcoin is only currently *capable* of doing 7 TPS at this point after all so a more than 10 fold increase I think should be enough for at least a year.

rickyjames

full member

Activity: 196

Merit: 100

Quote from: Come-from-Beyond on February 05, 2014, 08:32:23 AM

Quote from: rickyjames on February 05, 2014, 08:17:37 AM

I want to have a nuts and bolts, meat and potatoes discussion about what infrastructure it's gonna take to support 1000 TPS. I say we currently can't get there from here. Somebody prove I'm full of crap. Please.

I think that Shrinking is enough to solve bloated blockchain issue. If u do it every month then u'll need only 300 GiB storage.

And the team and the bounty that is working on a pruning algorithm RIGHT NOW to support a 300 GB Blockchain every month (holy crap!) is? Huh

? Is this more important or less important that selecting a Turing complete language for NXT???

My vote is obvious.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: Come-from-Beyond on February 05, 2014, 08:32:23 AM

Quote from: rickyjames on February 05, 2014, 08:17:37 AM

I want to have a nuts and bolts, meat and potatoes discussion about what infrastructure it's gonna take to support 1000 TPS. I say we currently can't get there from here. Somebody prove I'm full of crap. Please.

I think that Shrinking is enough to solve bloated blockchain issue. If u do it every month then u'll need only 300 GiB storage.

Tell me again how I can forge with my smartphone? What are the details of a hypothetical "lightweight client"?

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on February 05, 2014, 08:35:12 AM

Quote from: CIYAM on February 05, 2014, 08:33:38 AM

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.

100 TPS is still a lot of transactions...8.64 million in 24 hours.

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on February 05, 2014, 08:33:22 AM

Quote from: landomata on February 05, 2014, 08:29:48 AM

We need some idea as we plan to implement this feature.

Ok, let's brainstorm.

1) Who would be able to code this feature?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: CIYAM on February 05, 2014, 08:33:38 AM

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

@rickyjames - I must agree that I am also having troubles "swallowing" the 1000+ TPS "hype" when we are being shown no practical method and are now apparently considering adding more memory, CPU and bandwidth consuming ideas such as "Turing complete scripts".

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: landomata on February 05, 2014, 08:29:48 AM

We need some idea as we plan to implement this feature.

Ok, let's brainstorm.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: rickyjames on February 05, 2014, 08:17:37 AM

I want to have a nuts and bolts, meat and potatoes discussion about what infrastructure it's gonna take to support 1000 TPS. I say we currently can't get there from here. Somebody prove I'm full of crap. Please.

I think that Shrinking is enough to solve bloated blockchain issue. If u do it every month then u'll need only 300 GiB storage.

landomata

legendary

Activity: 2184

Merit: 1000

Quote from: Come-from-Beyond on February 05, 2014, 08:26:43 AM

Quote from: landomata on February 05, 2014, 07:25:10 AM

@ CfB

How much nxt would it cost to implement service provider feature before April 3rd?

No idea.

We need some idea as we plan to implement this feature.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: landomata on February 05, 2014, 07:25:10 AM

@ CfB

How much nxt would it cost to implement service provider feature before April 3rd?

No idea.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: gimre on February 05, 2014, 07:15:45 AM

CfB, I got question regarding assets.

I assume, network itself will do bid-ask matching.

I'm issuing an asset, user B is placing bid order.
Can "transferAsset" be used to "accept" the bid, without making an ask order?

If so, does it mean it should always include referencedTransaction?

No, transferAsset just transfers an asset. For free.

Passion_ltc

hero member

Activity: 714

Merit: 500

Crypti Community Manager

Quote from: rickyjames on February 05, 2014, 08:23:29 AM

Quote from: longzai1988 on February 05, 2014, 08:16:15 AM

Quote from: ?? on ??

whats the story with vertcoin?? 400 odd percent gain there the last day and 2xx odd percent today??? wtf?

As what i knew it was listed in cryptsy recently

And our second biggest bounty (after creating a finite mini-blockchain) should be to the team that is working hand in hand with the Cryptsy folks to create the software / data bridge necessary to get NXT on Cryptsy ASAP. Who is this team? Why have we not organized it? Why are we not talking in this forum about their progress?

+1 , very important!!

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Emule on February 05, 2014, 07:15:06 AM

I only have 800,000 NXT to dump and we r below 0,00005.

When I get back I will do this so i was polite warning you all.

oh and on vicrurex 90,000 NXT and we r below 0.00005 but that is to easy.

bye bye

Too late. Good bye.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1078. (Read 2761637 times)