Topic: NXT :: descendant of Bitcoin - Updated Information - page 1981. (Read 2761645 times)
Is it possible to change password from "TABLE" to something more secure? I didn't find how to do that.
NXT is a way off from penetrating that market but NXT might need a tiered transaction charge in the future as a micropayment in different markets means something completely different.
Someone could issue tokens backed by NXTs and use centralized approach to process such transactions. This is much cheaper.
in TF, everyone knows who will generate next block. whats to keep an attacker (who can also easily find out who should generate the next block) from DDOSing the hell out of that next generator?
Nothing. As I said u should forge behind Tor if u can't handle so much traffic. In the future we'll have companies that will work as a shield between small forgers and big transactions / DDoSers. U'll be just signing blocks and pay some % of the fees to such shielding companies. I won't be surprised if CloudFlare will be one of the pioneers in such business.
Can this be put in the wiki for casual users? Seems like important information for the average person who thinks he can casually forge without being subjected to an attack.
Sure, put it in the wiki. Great things about wikis is anyone can edit them
I was expecting a reaction like that.
The problem is that when it comes to this, I may as well bé a casual user. I tried running the client behind Tor already, but couldn't get it to work.
If someone could explain it, I would be perfectly willing to put it in the wiki, as I am an editor/translator already anyway
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
Yes you have, keeping the network alive is enough incentive to forge. Otherwise your NxT holdings will become worthless.
Charging $0.1 fee for every transaction makes NxT useless for micropayments.
Now they can be higher to avoid attacks, but it should be smaller in the future (nearly 0).
I completely agree about low transaction cost but also want to note that NXT does not need to be used for micropayments. The load could be too much for the system to handle. It would be better to target Nxt to high value transaction. All the talk about Bitcoin for uses in micro-transaction has not yet materialize. just fancy talk so far.
What's a micropayment? To me, a cup of coffee is a micropayment.
Edit: I feel like we are putting the cart way before the horse so to speak.
There are systems in the world today in Africa processing micro payments as low as 12cents via mobile , when people earn $4 per day - micropayment takes on a whole new meaning.
According to the latest GSMA reports in a number of countries micro payments via mobile are taking off - using e-currency which is a 1:1 for hard currency - this could replace that but not at the current transaction charge. Some transactions are even free because they carry the volume and are drivers for the higher value transactions.
NXT is a way off from penetrating that market but NXT might need a tiered transaction charge in the future as a micropayment in different markets means something completely different.
in TF, everyone knows who will generate next block. whats to keep an attacker (who can also easily find out who should generate the next block) from DDOSing the hell out of that next generator?
Nothing. As I said u should forge behind Tor if u can't handle so much traffic. In the future we'll have companies that will work as a shield between small forgers and big transactions / DDoSers. U'll be just signing blocks and pay some % of the fees to such shielding companies. I won't be surprised if CloudFlare will be one of the pioneers in such business.
Can this be put in the wiki for casual users? Seems like important information for the average person who thinks he can casually forge without being subjected to an attack.
Sure, put it in the wiki. Great things about wikis is anyone can edit them
in TF, everyone knows who will generate next block. whats to keep an attacker (who can also easily find out who should generate the next block) from DDOSing the hell out of that next generator?
Nothing. As I said u should forge behind Tor if u can't handle so much traffic. In the future we'll have companies that will work as a shield between small forgers and big transactions / DDoSers. U'll be just signing blocks and pay some % of the fees to such shielding companies. I won't be surprised if CloudFlare will be one of the pioneers in such business.
Can this be put in the wiki for casual users? Seems like important information for the average person who thinks he can casually forge without being subjected to an attack.
in TF, everyone knows who will generate next block. whats to keep an attacker (who can also easily find out who should generate the next block) from DDOSing the hell out of that next generator?
Nothing. As I said u should forge behind Tor if u can't handle so much traffic. In the future we'll have companies that will work as a shield between small forgers and big transactions / DDoSers. U'll be just signing blocks and pay some % of the fees to such shielding companies. I won't be surprised if CloudFlare will be one of the pioneers in such business.
Let's get the VS in place and vote everything, can't wait for that
Arbitrary Messages is next feature, VS will be later. Also we need client soft that supports VS. I see noone is developing it.
1) Arbitrary Message at what block?
2) I think soft clients will get build quite easy once source code is released....developers will need to squat somewhere to create value....so different features will get divided up between them.
I completely agree about low transaction cost but also want to note that NXT does not need to be used for micropayments. The load could be too much for the system to handle. It would be better to target Nxt to high value transaction. All the talk about Bitcoin for uses in micro-transaction has not yet materialize. just fancy talk so far.
One of the features that Transparent Forging brings is very high number of transactions that can be processed.
in TF, everyone knows who will generate next block. whats to keep an attacker (who can also easily find out who should generate the next block) from DDOSing the hell out of that next generator?
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
Yes you have, keeping the network alive is enough incentive to forge. Otherwise your NxT holdings will become worthless.
Charging $0.1 fee for every transaction makes NxT useless for micropayments.
Now they can be higher to avoid attacks, but it should be smaller in the future (nearly 0).
I completely agree about low transaction cost but also want to note that NXT does not need to be used for micropayments. The load could be too much for the system to handle. It would be better to target Nxt to high value transaction. All the talk about Bitcoin for uses in micro-transaction has not yet materialize. just fancy talk so far.
What's a micropayment? To me, a cup of coffee is a micropayment.
Edit: I feel like we are putting the cart way before the horse so to speak.
I completely agree about low transaction cost but also want to note that NXT does not need to be used for micropayments. The load could be too much for the system to handle. It would be better to target Nxt to high value transaction. All the talk about Bitcoin for uses in micro-transaction has not yet materialize. just fancy talk so far.
One of the features that Transparent Forging brings is very high number of transactions that can be processed.
We're already doing it, but I think in communications forging should be presented as a nice extra, instead of the basis of why to step into the coin.
Most people out there who trade cryptos have a "mining mindset" and come in with ideas of forging themselves wealthy. You know: "Earn $$$ in your BUTT!!!!!!"
Nót doing it that way is one of the things that sets NXT apart.
Most people out there who trade cryptos have a "mining mindset" and come in with ideas of forging themselves wealthy. You know: "Earn $$$ in your BUTT!!!!!!"
Nót doing it that way is one of the things that sets NXT apart.
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
Yes you have, keeping the network alive is enough incentive to forge. Otherwise your NxT holdings will become worthless.
Charging $0.1 fee for every transaction makes NxT useless for micropayments.
Now they can be higher to avoid attacks, but it should be smaller in the future (nearly 0).
I completely agree about low transaction cost but also want to note that NXT does not need to be used for micropayments. The load could be too much for the system to handle. It would be better to target Nxt to high value transaction. All the talk about Bitcoin for uses in micro-transaction has not yet materialize. just fancy talk so far.
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
Yes you have, keeping the network alive is enough incentive to forge. Otherwise your NxT holdings will become worthless.
Charging $0.1 fee for every transaction makes NxT useless for micropayments.
Now fees can be higher to avoid attacks, but it should be smaller in the future (nearly 0).
I agree it's a balance. it'll be a long time before fee can be $0.01, the network has to grow hundreds of times before that happens.
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
Yes you have, keeping the network alive is enough incentive to forge. Otherwise your NxT holdings will become worthless.
Charging $0.1 fee for every transaction makes NxT useless for micropayments.
Now fees can be higher to avoid attacks, but it should be smaller in the future (nearly 0).
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
Right at this moment 1 nxt > 5 cent =0.05. But agree to keep the transaction cost low since that's the best way to encourage activities.
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
I think this early on it is unwise to even change it from 1NXT for this very reason.
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
I think it'd be dangerous for the network then, no incentive to forge.
If someone creates a forum poll on nextcoin.org and majority votes for this min fee setting ratio (always keep min fee ~$0.10), would the devs implement it or would we still need to wait for the VS to be in place?
Jean-Luc, this is addressed to u.
IMO $0.1 is way too much, it should be no more than $0.01
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