Topic: NXT :: descendant of Bitcoin - Updated Information - page 454. (Read 2761645 times)

Please help us me to understand - what is the reason for the 1/10 ratio? or is it completely arbitrary?

EDIT: Cfb - what about the reserve balance approach I posted in your other thread?

The more I think about this idea the more I don't like it. If I want to have 100 NXT to spend on hand I have to commit 1000 NXT to be unaccessible? If a security bug becomes known or there's some bad news that causes NXT price to plummet I have no way to react.

I don't think most people will be willing to do this.

Just my .5 NXt

I like the parallel blockchain idea much better if it's feasible.

For next computation is not the issue but we cannot do much about data volumes... we can make the communication more efficient by compressing/turning it into binary, but once done then the more transactions you have the more data nodes need to exchange so N/W or network could become an issue. Its not an issue today we don't need nodes with huge pipes but in my experience the way you stop something like this being an issue or costing a lot to fix is to solve it when the system is small.

Also we talk about NXT (singular) and think about 1 node, there is value in thinking of it as a network and a sequence of nodes...

Only 1/10 is allowed to spend.

This goes for all the promotion out there promising instant transactions and transparent forging. I feel like I've been suckered in somewhat with a bait and switch.

and me.... 

New version of NxtWallet for Mac available:

http://nxtra.org/mac/NxtWallet.zip

Shows blockchain download progress. Tomorrow or monday I will release the same version for windows.

It connects to TestNet at first start. you can switch to Main Net via tools menu. I suggest you test everything out in TestNet first as there may be bugs. We need someone to do an audit of the web code.

If you want the old interface, simply go to http://localhost:7875 (main net) in the browser when the app is running.

My Nxt id is : 8189784314684138350 - thanks for any donations.

CRAP! and copyright violation! == theft

http://en.wikipedia.org/wiki/Copyright_infringement

when u finally going to do something usefull for this community?

Fact check: Ripple was founded in 2004 by Ryan Fugger

https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

 

[/quote]
Could you point me to that solution of yours?
[/quote]

I was talking about the use of prepaid credit cards for use in point of purchase transactions as a way of possibly bypassing having to figure out how to make instant transactions possible through the network.

please look at nxtcash on the list of thread:
http://www.nxtcoins.nl/bitcointalk-threads/

EDIT:



My point of view is that nxtcash should not be implemented in the nxt core, but as an optional layer over the core. Using Parallel block chain for nxtcash is a very good idea.

In other words, it's complete fiction right now with no evidence that anyone is even working on it to implement on Nxt and how it's going to be implemented. Not only there is no code, but how it will be implemented is unclear speculation.  Plus there is no evidence  it will work. We should stop making Youtube videos about Nxt having zerocoin "feature" as if it's implemented working feature. .

salsacz delete your youtube video immediatly.

What ever works. I see NXT as opportunity in infinite forms. To me that is its infrastructure. The more solutions and variants the better. The more observations from different points of view the better. Really there is nothing to rule out both suggested solutions being implemented simultaneously.

Plus this kind of conversation is just interesting.

What do you mean by H/W and N/W ? missed that.

parallel blockchains would make it possible

Once again, where is the evidence Zerocoin is being implemented with Nxt? Where is the code? Who is the Nxt developer writing the code? How do you resolve the problems mentioned in this post?

https://bitcointalksearch.org/topic/coinjoin-bitcoin-privacy-for-the-real-world-279249

Ah, right  


I think there are already some Bitcoin merchants that "softly" check transactions and acknowledge payment instantly, like BitPay. This should prove particularly useful in their cases. Interesting stuff.

I would like to see Zerocoin on its own chain, but doing so likely does have the drawback of making it easier to correlate users with transactions.  Still, I'd rather it be optional.

 

I know it is not possible. It would take some work to do. But right now Instant network transactions are not possible. I am just trying to gage the effectiveness, and expenditure of resources in relation to the benefits of the outcome of making network transactions instant and provide a possible alternative solution for comparison.

The same as CFB is offering "parallel block chains" as a solution for comparison. I don't know anything about code writing or programing but I do know something about traditional payment services, so this is why I present this possible solution.
[/quote]

Could you point me to that solution of yours?

Well, the merchant confirms it softly in such way that he checks if there is a transaction that would contradict the first one. But both transactions are still not included in a block and therefore not confirmed.

The problem as I see it is that "loading" a card with NXT is not possible. It still needs to be confirmed on the network when it's spent and doesn't matter if it's a card, a cell phone or whatever. If the transaction speed is too slow it will never work for Point of Sale without merchants taking a leap of faith, off chain transaction verification (trusted 3rd party)

TF is the big selling point of NXT. It's why I became interested in it and purchased some because all the "literature" promised it.
Seems like a lot of indian giving might be happening. NXT seems to be in danger of becoming a slower version of RIPPLE if TF doesn't happen.

I was liking what I was reading about parallel block chains though. That gave me a little hope.

HODLING
[/quote]

I know it is not possible. It would take some work to do. But right now Instant network transactions are not possible. I am just trying to gage the effectiveness, and expenditure of resources in relation to the benefits of the outcome of making network transactions instant and provide a possible alternative solution for comparison.

The same as CFB is offering "parallel block chains" as a solution for comparison. I don't know anything about code writing or programing but I do know something about traditional payment services, so this is why I present this possible solution.