BitShares will launch on schedule with enough throughput to support all current needs plus all of Bitcoin and most altcoins combined (if they wanted to move onto our platform for some fiendishly wise reason).
We are still optimizing the network code, which is not part of the blockchain itself, so that in coming months we can continue to scale up to full design specs of 100,000 TPS without even a hard fork.
The test net is where we are doing this optimization, so when you hear about a test "fail" is has nothing to do with what is launching on October 13. We will have many more such fails on the test net side as we tune up to light speed, but the production blockchain where everybody's funds reside will hum along without breaking a sweat.
The initial benchmark you made that led to the claims of 100,000 tps was suspect at best. Now, after your testing over the weekend where the test net died at a mere 1-2% of that claim (as I expected), and resulted in Dan posting a statement detailing that the platform will be limited to just 100 tps, that claim of 100,000 tps is now completely irrelevant. A lot of your "hype" about BTS2.0 has been based around this 100,000 tps, but its now clear the claim can not be achieved, or anywhere close. It should be retracted until you have solved some of the issues with networking, and performed open load testing where those claims are at least viable. Continuing to "sell" the platform from this point and stating that claim as fact is immoral IMO. There is no shame in stating you over estimated the capabilities, in fact it deserves respect if anything.+1 to Fuserleer.....what BTS are doing is what is known in the car trade as a 'bait and switch' : You promise absolutely everything to the customer until they until come to the sales lot, then you suddenly 'discover' that the DeLorean you promised them has just been sold/evaporated/stolen by aliens................... and then pressure them to take a nice shiny Toyota instead. It's a lot easier to sell crap to people when they've already walked in the door. |
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Why care what either of them think.
They seem to be trolls more than anything.
Fun trolls. Ones that are more concise and persistent, but rabid poo flingers nonetheless.
I honestly wouldn't be surprised if they were the same person.
lol! I almost spit my coffee. ROFL'ed hard. That would be hard work........  |
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Hold on a second, RealBTC, mate. You are completely and absolutely right. Up until now Nxt/SuperNET has concentrated on getting the technology right, forging useful partnerships and getting some groundbreaking projects on board and working. Now that we have all of that, after 2 years of serious work, we can move on to improving our marketing. And, coincidentally, I have a plan..... Don't forget to check out the 1.6.1e client, as delivered by Jean-Luc....now with an integrated ShapeShift plug-in for all your crypto swapping needs ! (still experimental, but it can be used on Mainnet. Version 1.5.15 is still the recommended, stable client release) Yes, thats cool. Are you in the marketing team of NXT or some advisor there? What is your rank in the NXT community? It definitely needs more promo, so that will emerge it into the "heavens" or to the "moon" to say it with better words. I dont have space unfortunately for the client but i`m looking forward for more Supernet releases. The shapeshift plugin is definitely a nice one +1! We don't do ranks round here....... But I've been around for a while, and done some stuff.  The sad secret of Nxt marketing is that there is no paid, dedicated Nxt marketing team, everyone just does the best they can on their own individual projects. This has sort of worked up until now, but the crypto market is changing, and Nxt needs to adjust to these changes. So, the Nxt Foundation: http://nxtfoundation.org/is working on a cunning marketing plan for the next year.......we'll be posting more information soon, probably middle of this week. |
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Yep....sucks don't it ? Looking at CMC, I'm not seeing many crypto-currencies that actually make an attempt to hold on to Satoshis original vision. Apart from BTC...we have Litecoin, Doge, Peercoin, NXT and we're already down at #12.......5 'real' crypto's out of 12.  |
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***cut***
Funny thing is banx has been running as a business now for around 12months record ponzi scheme? Or just a real business start up?
***cut**
Yep. That is the question. I know what I think about Banx, based on the evidence available, but if Banx can provide me with some numbers that actually make sense I'll get off their case. You know what I'd like to see, I've asked often enough, and it's nothing that should be difficult for a real business to provide. And, fyi, my agenda is to take Nxt (and cryptocurrency) into the frigging mainstream. Big time. I want to improve the world (even if it's only slightly) and make enough money honestly to sit on my arse for a few years in a sunny climate. or Switzerland.....or both. Scams and schemes do not help, they just make a handful of people richer, lots of people poorer, and give all of crypto a bad name. In other words: scammers are getting in the way of my well-earned retirement, and this pisses me off. |
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Yeah, you could....but it'd work a lot better if you could post some meaningful numbers, instead of insulting people.
Not that there's anything wrong with a good slanging match, but it's not going to prove very much.
If I am right in my nasty suspicions about Banx, and so far no-ones even tried to prove me wrong, then all of the BTC you originally put into Banx is gone.
Supporting a 245% ROI over the long term is tricky: It's almost impossible for a real business, and completely impossible for a Ponzi.
The higher the ROI, the faster the Ponzi scheme burns up all the investment money flowing into it.
Think about this: you put $1000 into BanxPlatinum, and over a year you get paid out $2450 in dividends. How the hell is that possible ?
Really, I'd love to know.
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I'm really going to have to start using the [sarcasm] and [/sarcasm] switches.......
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It was a corner test case triggered by an artifact of the test network. Easily covered with a few lines of code. Worst case impact if that unlikely combination of conditions ever could occur outside those artificial scenarios would have been a one day "bank holiday" - something that happens twice every weekend in the current banking system. We have asked our community to come up with more such test cases as more and more are piling on in search of fame and glory (and brownie points) for finding one. These don't technically qualify as black swans in the Nassim Taleb sense of the word. But our engineers use that phrase internally as shorthand when envisioning responses to "statistically unlikely events". Given our open development and testnet discussions that even mischievous troublemakers are allowed to watch, I guess we should use more precise language. There is always some kid from the first grade that goes running to the teacher with wild stories trying to get the other kids in trouble.  Damn, I was hoping that BTS had managed to actually do something innovative. |
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Why no one here has posted about Monero? I think this would be a good candidate for discussion, because a lot of people sure do like talking about it and has always had a consistent following over the past year. Other than that NXT might be a good choice as well... Another coin I just was looking into was eMunie (which hasn't been released yet) that shows a real potential of being, literally, the fastest coin to be put on the market. The thread for that is here: https://bitcointalk.org/index.php?topic=1191535.0Not fastest, but probably eMunie will be good technology after it's will be finally released https://bitcointalk.org/index.php?topic=1191535.msg12550689#msg12550689PS: Unfortunately I lost patience of eMunue one year ago after waiting public beta release for 3-4 months We'll see! I still think there are a lot of misconceptions/issues about Bitshares speed (even disregarding the crazy power box you need to sustain it) and that when it comes to the crunch, it won't perform anywhere near what is claimed. As soon as we have enough testers available to push a few 100,000k tx/s I'll be sure to update everyone here. Problem is, we need about 500 nodes online to do that on a fully partitioned network (assuming each node can generate ~300-400 tx/s) and we don't have a pool of testers which is that large. Maybe I should start recruiting again soon I get the patience thing, but would you rather a sloppy, cut corner, pile of shit but out the door quick product? Or a good quality, performs as claimed, solid product with real innovation? So much stuff is released here with issues, silly mistakes, and other shoddy implementations of ideas just to make a quick buck. You could put it that way, being the polite dude that you are What BTS are promising is a VISA level of tx speed in a decentralised peer-to-peer network. This is like saying that you can make a Land Rover as fast as a Bugatti Veyron: maybe you can, but you may have to sacrifice a few safety features. Still, it's going to be fun to watch, as long as you stand well back. |
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Ha, gotcha! 57 to NXT......sorry, couldn't resist.  |
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I just found out about this reddit event: https://www.reddit.com/r/NXT/comments/3n9vvw/nearly_2_mil_nxt_in_under_an_hour_Man this currency will rock soon, I mean it is definitely going back into the spotlight now as ETH is sinking, but remember these suggestions please: 1) Well for start in cryptocurrency conferences, that would be the nr. 1 priority, to have an increases Public Opinion ( a PR team is definitely needed). A few banners setup in all cryptocurrency conferences, would cost a few hundred 100$ but so what, it would have a big return on investment, once people would start investing in NXT. 2) Then we would need more NXT conferences, that are just for NXT or hosted by NXT members and talking about Bitcoin 2.0 projects 3) Then double down on social media, you need to assemble a marketing team too, to specially promote it on all social media sites in an organized way (bounty,giveaways, organize tournaments [ perhaps hook up with some gamers to organize gaming tournaments like many other coins do] , events, etc.) 4) Then improve the SEO of the NXT website and make sure it pops up on first google page if somebody writes in "cryptocurrency" etc. These are just a few of my ideas, but should be fairly easy to do, with little or no costs, just a bit of organization and professionalism  Hold on a second, RealBTC, mate. You are completely and absolutely right. Up until now Nxt/SuperNET has concentrated on getting the technology right, forging useful partnerships and getting some groundbreaking projects on board and working. Now that we have all of that, after 2 years of serious work, we can move on to improving our marketing. And, coincidentally, I have a plan..... Don't forget to check out the 1.6.1e client, as delivered by Jean-Luc....now with an integrated ShapeShift plug-in for all your crypto swapping needs ! (still experimental, but it can be used on Mainnet. Version 1.5.15 is still the recommended, stable client release) |
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From the article: LottoShares is set to launch this week. Lyford and Taggart have expressed their excitement to increase the awareness of this continually innovative opportunity. The money raised during the contribution phase of the LottoShares launch will go to the expansion of operations, employment increase, and the cost to transfer this lottery onto the Bitshares blockchain platform.
No mention of Mark using it to plug the huge hole in Banxshares, though. If what I suspect is true, then a lot of people are gonna come out of this very unhappy. Wonder if Michael Taggart did his due diligence on Banx ? |
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Let the escrow start and run the [ANN] thread. If any changes need to be made to the OP....it has to go through the escrow.
No escrow....run away very quickly.
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I would like to add to avoid ANN-Threads that are selfmoderated. Every legit business would be interested in discussing and clearing out problems when they arise. Hiding them is not a good sign.
It might make sense to have a subforum for altcoin-announcements where posts can't be edited. Or the announcements subforum is changed that way. I will see if the forum staff thinks that is a good idea.
Or insist that the escrow dude (SebastianJu in this case) starts and controls the [ANN] or redemption thread. |
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Until Thursday voted. Nice option, dude..... But seriously:
This certified instamined scam was not so long ago on the 4th spot. The world is waking up to cheats and liers.
Hope you're right, mate, I really do. Still seeing a few little issues with the honesty of some other Top 10 alts....  |
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Good question....when all the NAUT have been redeemed is the answer, in theory. So far, just over 3.5 million NAUT have been converted to NXTNAUT, from an original supply of 5.3 million. This leaves around 1.8 million NAUT still out there, and I know the locations/holders of around 1 million of that (i think). A lot of NAUT went down with MintPal, so that will probably never be recoverable. Here's the block explorer and rich list, the top 3 accounts are under my control: http://naut.blockexp.info/richlistThere are currently 3 main exchanges on board with Nautilus, and the Drachmae projects native exchange is coming soon, so I'm fairly sure that there will be ways to redeem old NAUT to NXTNAUT for a while longer. However, as all economic activity will be on NXTNAUT, the NAUT network will lose support and transfers may become difficult. I'm committed to running this redemption program for a week or 2/3 longer, in any case. Like I said earlier, we'll announce any cut-off date for swaps far in advance. TL,DR: not yet |
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