NXT :: descendant of Bitcoin - Updated Information - page 465.

w4llace

newbie

Activity: 42

Merit: 0

Quote from: Eadeqa on March 08, 2014, 02:07:31 AM

Wikipedia should not be used to promote yourself. I hope the article gets deleted soon.

Nxt should be promoted in mainstream media. It needs to become notable. Once that is done, it will show up in Wikipedia -- without you doing anything.

I hate when Wikipedia is abused for self promotion

Sorry?
Have u ever looked at the article I wrote? >>> http://de.wikipedia.org/wiki/Nxt

I invested more then seven hours to write, translate and compare the different cryptocurrency-articles in the german wikipedia to strike the right note.
This was not just a copy of an early article! As you can see it is already reviewed and with some little changes now allowed to stay.
It is absolutely crazy that there was in this stadium no article!

Do you really think somebody who is not interested in cryptocurrencies will write articles about it in wikipedia? No. People with interests have to start it and others will review them and so on... there is nothing wrong about starting articles of your own interests. This is integral in the logical wiki-structure.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: CIYAM on March 08, 2014, 06:12:15 AM

Quote from: bitcoinpaul on March 08, 2014, 06:10:07 AM

What is great about TF? Doesn't the result count - who cares about the architecture?

I don't think they thought of the "result" when they designed the internet back in the 60's - but am pretty sure they *did care a lot* about the architecture.

Good point.

edit: Since you understand Nxt and TF now a lot better, could you state some bullet points about TF and why it is great?

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: bitcoinpaul on March 08, 2014, 06:10:07 AM

What is great about TF? Doesn't the result count - who cares about the architecture?

I don't think they thought of the "result" when they designed the internet back in the 60's - but am pretty sure they *did care a lot* about the architecture.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: ChuckOne on March 08, 2014, 06:08:11 AM

Nodes need to be really powerful.

Think of "radio" and "video" - on a shitty internet connection (or with terribly slow hardware) you can probably listen to "radio" without a problem but you can't watch "video" (especially not HD stuff).

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: CIYAM on March 08, 2014, 05:54:25 AM

Quote from: bitcoinpaul on March 08, 2014, 05:46:41 AM

How important is ultra hight TPS? What are your opinions?

In my humble opinion it is very important as Ethereum is likely to be better at everything else that Nxt will do.

What they can't do is TF (without a re-design) so it is the thing that makes Nxt different (and appealing).

What is great about TF? Doesn't the result count - who cares about the architecture?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

RFC: Parallel Chains concept

Only TL;DR version, coz noone would read a full one.

Master Chain

Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.

Slave Chains

Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.

Migration plan

Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.

Side-effects

The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: igmaca on March 08, 2014, 06:06:28 AM

Quote from: CIYAM on March 08, 2014, 05:54:25 AM

Quote from: bitcoinpaul on March 08, 2014, 05:46:41 AM

How important is ultra hight TPS? What are your opinions?

In my humble opinion it is very important as Ethereum is likely to be better at everything else that Nxt will do.

What they can't do is TF (without a re-design) so it is the thing that makes Nxt different (and appealing).

someone can clarify me that is exactly ultra hight TPS and why is this in conflict with decentralization?

Nodes need to be really powerful.

igmaca

full member

Activity: 168

Merit: 100

Quote from: CIYAM on March 08, 2014, 05:54:25 AM

Quote from: bitcoinpaul on March 08, 2014, 05:46:41 AM

How important is ultra hight TPS? What are your opinions?

In my humble opinion it is very important as Ethereum is likely to be better at everything else that Nxt will do.

What they can't do is TF (without a re-design) so it is the thing that makes Nxt different (and appealing).

someone can clarify me that is exactly ultra hight TPS and why is this in conflict with decentralization?

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: bitcoinpaul on March 08, 2014, 05:46:41 AM

Can we aim for both worlds? Maybe 200 TPS? (Could parallel blockchains help?)

Your node has to process the 60000 transactions per minute any way. It they reside in a parallel block or not does not matter.

salsacz

hero member

Activity: 490

Merit: 504

All: Please watch this video about the future of Nxt and comment it (here), thank you very much!

http://youtu.be/RtTWUwRL9mQ

Quote from: salsacz on March 07, 2014, 11:45:08 PM

Nxt Decentralized Internet video - alfa version:
http://youtu.be/RtTWUwRL9mQ

(created between 20 Feb-8 March)

I would be very grateful for any comments and suggestions. It still needs some time, but it already can be commented

Based on the paper:
http://justpaste.it/decentralized-internet
(created between 12-18 Feb)

And good night, its almost 6 AM here Cheesy

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: bitcoinpaul on March 08, 2014, 05:46:41 AM

How important is ultra hight TPS? What are your opinions?

In my humble opinion it is very important as Ethereum is likely to be better at everything else that Nxt will do.

What they can't do is TF (without a re-design) so it is the thing that makes Nxt different (and appealing).

salsacz

hero member

Activity: 490

Merit: 504

Quote from: bitcoinpaul on March 08, 2014, 05:11:42 AM

Quote from: antanst on March 08, 2014, 04:15:24 AM

Ok, here's the current NXT distribution as of today.

https://i.imgur.com/Idzj6lQ.png

As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

https://i.imgur.com/nSwqIuM.png

Many coins are on exchanges. People don't know how to use a client so they leave there NXT on them.

We don't know what the actual distribution is.

oh, come on, at least this how original stakeholder's money were distributed (I checked all outgoing transfers and guessed if it was a sell or moving)

calculations:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=13

bitcoinpaul

hero member

Activity: 910

Merit: 1000

So it is about TPS (or TPM).

Some random thoughts:
Should we aim high and make TPS one of the big distinction form other crypto currencies? Are we realistic with such a high TPS - do we really need it? It could be a VISA alternative. Do we get there? Maybe only if great things are made on top of Nxt the next months. Will there be great things on top of Nxt if we are called the next ripple, which is mostly a negative conjunction in the crypto world? Do we ever get there when we cannot market the super-decentralized-idea, raspberryPis and nice things? Are we the business solution of crypto currencies? Do businesses need cryptos? The business world is still very hesitated in regards to crypto currencies - if we fail in the business world in the next month and decided today to go this route, Nxt would be dead? How realistic is it to establish Nxt big in the business world? Are there other possibilities with ultra hight TPS, if not business related? Can we aim for both worlds? Maybe 200 TPS? (Could parallel blockchains help?) Can we aim high with all the other stuff without hight TPS?

How important is ultra hight TPS? What are your opinions? What did I forgot?

I want a big discussion about this.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: zorke on March 08, 2014, 05:32:46 AM

Quote from: pinarello on March 08, 2014, 05:20:38 AM

Quote from: zorke on March 08, 2014, 05:01:54 AM

Quote from: pinarello on March 08, 2014, 04:59:56 AM

Quote from: zorke on March 08, 2014, 04:56:36 AM

What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.

Wesleyh has a windows app, just unzip and run.

You can even install it on USB stick and run it from there.

Link please?

https://bitcointalksearch.org/topic/m.5543952

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: Emule on March 08, 2014, 05:35:45 AM

only 700K left on the buy side and we are back at 0.00006

sorry this will hurt a bit

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: bitcoinpaul on March 08, 2014, 04:39:33 AM

Quote from: allwelder on March 07, 2014, 10:10:29 PM

What about recently news BTC-E adding Nxt?

There were news? Someone asked in the trollbox and admin's response was: "No. It is not an altcoin".

yes,he is right,Nxt is even not a coin,it is ..... Cheesy

Emule

full member

Activity: 168

Merit: 100

only 700K left on the buy side and we are back at 0.00006

sorry this will hurt a bit

salsacz

hero member

Activity: 490

Merit: 504

Quote from: antanst on March 08, 2014, 04:15:24 AM

Quote from: zorke on March 07, 2014, 03:51:53 PM

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

Ok, here's the current NXT distribution as of today.

As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

not many changes since NxtMyths:

BTC/USD data: http://bitcoinexaminer.org/wp-content/uploads/2014/01/Who-owns-all-the-bitcoins2.png

whole paper:
https://docs.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit

Litecoin:
- Top 10 LTC addresses own 7 million of LTC = 27%.
- Top 74 Litecoin addresses own 10 million of Litecoins = 40%.
- Other 3 million addresses own 15 million Litecoins.42

---
as you can see, it is pretty normal

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Quote from: pinarello on March 08, 2014, 05:29:39 AM

Quote from: pinarello on March 08, 2014, 05:20:38 AM

Quote from: zorke on March 08, 2014, 05:01:54 AM

Quote from: pinarello on March 08, 2014, 04:59:56 AM

Quote from: zorke on March 08, 2014, 04:56:36 AM

What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.

Wesleyh has a windows app, just unzip and run.

You can even install it on USB stick and run it from there.

Wich makes me think, lets create some usb sticks with that app and hand them out to people. marketing...

That sounds too expensive unless you can get a really good deal on malware-free, small (64 Mb) usb drives.

zorke

full member

Activity: 238

Merit: 100

Quote from: pinarello on March 08, 2014, 05:20:38 AM

Quote from: zorke on March 08, 2014, 05:01:54 AM

Quote from: pinarello on March 08, 2014, 04:59:56 AM

Quote from: zorke on March 08, 2014, 04:56:36 AM

What is an ETA for Wesleys one click installer client? This is an absolute priority.

The client is there and working perfect, tested it over and over.

I think it will be integrated by J-L in the first new version that comes out.

Yes but is it a one click installer for new people?

If we have that than we need to push it and market it to the newcomers.

Wesleyh has a windows app, just unzip and run.

You can even install it on USB stick and run it from there.

Link please?

Topic: NXT :: descendant of Bitcoin - Updated Information - page 465. (Read 2761645 times)