Topic: NXT :: descendant of Bitcoin - Updated Information - page 1135. (Read 2761626 times)
Will the April release of software support some kind of system that does not store every transaction on a rapidly growing blockchain? Just the data of current balance level for registered users, perhaps?
No.
How many of the full time devs will continue to work full time on NXT in May?
No idea.
Final question from me (at least for today): What is the strongest/most positive statement you would make to a audience of Bitcoin users about how NXT blockchain use/processing is superior to Bitcoin blockchain operations?
Will the April release of software support some kind of system that does not store every transaction on a rapidly growing blockchain? Just the data of current balance level for registered users, perhaps?
No.
How many of the full time devs will continue to work full time on NXT in May?
No idea.
nope, but here you have something to think about:
The selfish mining pool makes an upfront investment and gets what exactly for this? Is there some state authority protecting the selfish pool from competition?
If you pay money to do X and I can not pay money and still capture the benefit from X, then you will never pay money to do X. The existence of the PPS pools implies that the selfish pool has to front some cash at the outset to retain miners.
...
If you pay money to do X and I can not pay money and still capture the benefit from X, then you will never pay money to do X. The existence of the PPS pools implies that the selfish pool has to front some cash at the outset to retain miners.
...
Cunicula devised his own proof-of-stake algo, he is a co-author of some key details in Nxt, Nxt even has so-called Cunicula attack which is similar to Finney attack...
You mentioned before you hoped to implement parallel blockchains by April. What are these and are they still in the April release?
Looks like I won't have them ready by April. Parallel Chains is just another way to store data.
I love playing 20 questions with you, CfB. Will the April software release be capable of handling 1000 TPS if the right number and type of systems were online as NXT nodes? If so, what is the largest blockchain size such a node will have to handle?
I can't answer these questions coz I don't know what min fee will be in April and how popular Nxt will be.
Assume the minimum fee will be 0.01 NXT. I don't see what "popularity of NXT" has to do with the question; from a systems engineering / capability standpoint 1000 TPS is 1000 TPS.
I am trying to build up from past comments what I can truthfully say in front of an audience in Texas about what the April capability of NXT is going to be. This is important. I do not want to say something about NXT in front of a bunch of hostile Bitcoin people that is going to be proven wrong only three weeks later.
You have said NXT will someday be capable of 1000 TPS operation. You have said we are going from JSON storage at 512 (is that right?) to binary storage of transactions at 128 bytes per transaction. In a binary system of 128 bytes per transaction, the blockchain for such a system going full throttle will grow by 10GB per day IF it is storing every transaction. You have said that service providers are not required for 1000 TPS operation. You've said service providers are going to be the ones storing the entire blockchain. You have said parallel blockchains as a method of data storage will not be implemented in April as you'd hoped. THis implies that the nodes themselves are going to have to handle an enormous blockchain, much bigger than anything Bitcoin has handled to date, in a very short time.
So, two simple questions -
Will the April release of software support some kind of system that does not store every transaction on a rapidly growing blockchain? Just the data of current balance level for registered users, perhaps?
How many of the full time devs will continue to work full time on NXT in May?
As a preliminary measure, I would trust Cunicula to be given the source code if he were interested in reviewing it. He is a known and trusted community member and is writing the white paper after all.
anybody heard from cunicula yet?
The selfish mining pool makes an upfront investment and gets what exactly for this? Is there some state authority protecting the selfish pool from competition?
If you pay money to do X and I can not pay money and still capture the benefit from X, then you will never pay money to do X. The existence of the PPS pools implies that the selfish pool has to front some cash at the outset to retain miners.
...
If you pay money to do X and I can not pay money and still capture the benefit from X, then you will never pay money to do X. The existence of the PPS pools implies that the selfish pool has to front some cash at the outset to retain miners.
...
Could somebody check my node and Android TV stick? http://217.17.88.5:7874/
Seems to me that it is working, but in any case, check from outside world
Seems to me that it is working, but in any case, check from outside world
yup sweet
As a preliminary measure, I would trust Cunicula to be given the source code if he were interested in reviewing it. He is a known and trusted community member and is writing the white paper after all.
anybody heard from cunicula yet?
Salsacz - This is very amusing and true - but you need to change "even don't" to "can't even". In English, "even don't" is never used as a word group.
hey Bitcoinpaul, where is your origin?
We are so freakin' decentralized, we even don't get one guy on a plane. But we have great motherf**king developing going on! I like it
Good ol' Germany.
Salsacz - This is very amusing and true - but you need to change "even don't" to "can't even". In English, "even don't" is never used as a word group.
hey Bitcoinpaul, where is your origin?
We are so freakin' decentralized, we even don't get one guy on a plane. But we have great motherf**king developing going on! I like it
AyePS: afk to feed my pet bear...
We call this Matryoshka.
Is this what your professors use to explain the Tor network to students?
?? ha?? So service providers are external services (like a website) that has a full copy of the blockchain and charges you to access it?
They don't use blockchain. They r like 3rd party services that accept payments in NXT.
They accept payment in NXT to do what exactly? To provide you with a service (like sell you a pizza)? Or what?
For example, Service Providers could host a decentralized forum data (built with DHT approach) and return forum messages to anyone who paid for that on per byte / per message / per month basis.
Salsacz - This is very amusing and true - but you need to change "even don't" to "can't even". In English, "even don't" is never used as a word group.
?? ha?? So service providers are external services (like a website) that has a full copy of the blockchain and charges you to access it?
They don't use blockchain. They r like 3rd party services that accept payments in NXT.
They accept payment in NXT to do what exactly? To provide you with a service (like sell you a pizza)? Or what?
- Find CfB mom's house, where he keeps BCNext in the basement.
- Put CfB in the basement too.
- ? ? ?
- PROFIT!
- Put CfB in the basement too.
- ? ? ?
- PROFIT!
BCNext captured Satoshi, I captured BCNext, now it's time for the next round. We call this Matryoshka.
?? ha?? So service providers are external services (like a website) that has a full copy of the blockchain and charges you to access it?
They don't use blockchain. They r like 3rd party services that accept payments in NXT.
I hope some people get all the stuff CfB is babbling about in the last weeks.
Because I don't.
Because I don't.
- Find CfB mom's house, where he keeps BCNext in the basement.
- Put CfB in the basement too.
- ? ? ?
- PROFIT!
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