So you have to pay 1 nxt to send a message or friend somebody?
Yep. But, one could bundle several messages into one AM.
and the fees are planning on dropping to .01
right? i keep reading this.
Correct.
I keep thinking "Diaspora".
What makes your project different?
Fees dropping to 0.01 - that will be very interesting.
0.01 Nxt would still be a high fee for messaging though... I would recommend a fee of about 0.0001 Nxt per message, if the only thing being sent is a message, the catch is you can only pay that low of a fee if the message is automatically deleted from the blockchain.
I think the messages need to be perceived as being really cheap as we are competing against WhatsApp that offers messaging for 99 cents per year. The average teen sends 3,339 txts per month!! (http://mashable.com/2010/10/14/nielsen-texting-stats/) This would be about 40,000 txts per year. Assuming he/she uses WhatsApp, that costs $0.99 per year, that works out to be $0.000025/txt Assuming Nxt will soon reach 10 cents that would be a fee of 0.00025 Nxt to compete with them on price alone, we also offer encryption but I'd say we really should try to compete when it comes to price as well. Because if we do it right, I do feel like this could be a killer app because we could probably even compete well with them price-wise. The money made off of this could then compensate for even lower transaction fees and the forgers could be profitable.
And I worked through all the math but just deleted it to avoid clutter, I believe that we could even afford to charge lower than this assuming we delete messages once the app on the other end receives it, after all most text messages will be stored by the local apps on both sides and the blockchain/decentralized storage can be temporary.. only a few seconds in most cases. Forgers supporting the text messaging would have to be paid for their extra bandwidth though.
Regard facebook built on top of Nxt.. actually I see some sense to that, we can afford to charge people a very low fee per post, that varies based on how long they want to store it, store it using the decentralized storage, the people in charge of make money off of that and use that money to advertise itself and grow a business. Why would people use it? Same advantage Dispora has, Diaspora is indeed very similar but I see it being hard to advertise itself, build it into Nxt and I know I would sign up for a Nxtbook account!