NXT :: descendant of Bitcoin - Updated Information

[Pouncer]

Better to input data using this form
https://docs.google.com/forms/d/1BVrLc9x7Q1GWxPRLVRgZAbMkqIbLpRjbQDwQagQUgTg/viewform

which will populate this page, which you set as read only.
https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdHdMU1V2eDdaZFZ6bXhwOV9CME1WRXc&usp=sharing#gid=1

Oh I have missed this, who made it?

very nice!

Pin

I just did

[1715054150]

1715054150

[pinarello]

Better to input data using this form
https://docs.google.com/forms/d/1BVrLc9x7Q1GWxPRLVRgZAbMkqIbLpRjbQDwQagQUgTg/viewform

which will populate this page, which you set as read only.
https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdHdMU1V2eDdaZFZ6bXhwOV9CME1WRXc&usp=sharing#gid=1

Oh I have missed this, who made it?

very nice!

Pin

I just did

I will use this more often, forgot about the forms in google docs, thank you for the info on that!

[pinarello]

If devs are to laizy to write the math and shemes down well what can we do.

in the white paper, we need the math, pictures and drawings about algo now.

so the only persons that can deliver here are the DEVs, we asked over and over but no reaction.

with all respect, maybe BCNext should do this!

Pin

Only BCNext can do that, the other devs don't have enough info about future TF properties.

Can you politly ask him to write something down? we NEED this desperatly !

EDIT: before he gets hit by bus. (tell him copy-paste is allowed )

thank you

[bitcoinpaul]

CfB, would the reward be at least enough to cover my costs fir the sms gateway?

Community will decide the amount of the reward.

Should at least be be cost + some reward.

SMS Gateway -> tremendous!

[bitcoinpaul]

with all respect, maybe BCNext should do this!

Pin

I feel you brother...   

https://bitcointalk.org/index.php?topic=408304.msg4425898#msg4425898

+1

[jl777]

CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

9'223K NXT + 10 BTC is yet available.

Reserved from the amount above:

10 BTC - NRS crypto algo audit
250k NXT - Whitepaper
100k NXT - fatal flaw reward
100k NXT - AM contest rewards
100k NXT - fiat gateway rewards
100k NXT - minusbalancer's bounty for the client (Edit: It will be paid from the Development fund)
X NXT - 1st SMS-to-NXT gateway reward

So up to 8.5M could be spend for the infrastructure, not necessarily 1M.

Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James

[salsacz]

Alias NXTcommunityfund = 13776816462073143763

NXT Community Fund Balance Total  : 2,127,878 NXT

USD Equivalent   : 137998.78  

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763

Whales, dolphins, minnows:  Please donate today.

Your generous contribution will enable great things.

Is anyone interested in sponsoring a chess tournament on ICC? (chessclub.com? )

ICC was founded back in 1991 (at that time it was known as ICS) -- long before google and and yahoo. It has hundreds of International Grandmasters and International master -- not to mention 30 thousand (and more) regular chess players who pay $60  a year membership fees.

Here is a list of active ICC members

http://www6.chessclub.com/activities/all_handles.php

This is a list Grandmasters who play on ICC

http://www6.chessclub.com/help/GM-bio

(the list of International masters is much larger)

A big chess tournament on ICC where the prize money is awarded in Nxt (must be enough money though to attack all the grandmasters) can attract media coverage OUTSIDE of crypto community.

I emailed Martin Grund (one of the founder of ICC) and asked him if ICC would hold such a tournament where prize money would be in Nxt (donated by Nxt community) and they will advertise the tournament to their members, and in the media.

Here is how that email exchange went:

Martin Grund via messagingengine.com

Feel free to reply to this email with your needs.

On Fri, Jan 31, 2014, at 03:28 PM, ICC [XXXXXX] wrote:
> Message sent to ICC user LateKnight from ICC user XXXX
> hi. I need to talk to you


XXXXX  XXXXXX@gmail.com
4:17 PM (9 hours ago)

to Martin
How about arranging a chess tournament on a large scale (could be $10,000 US dollar eqv)?

The Nxt (it's crypto currency) stakeholders are spending money on promoting it. It currently has $60 million dollars market cap

 http://coinmarketcap.com/

(see #5 Nxt)

Someone did $500 worth of tournament on FICS where they currency was paid with Nxt.

How about if I talk to the stakeholders to sponsor a tournament on ICC worth $10,000 ?

They provide the money (in Nxt). You arrange the tournament on ICC with enough publicity to attract some press and GMs and IMs

$10,000 is a lot of money in chess circles

Martin Grund via messagingengine.com
4:19 PM (9 hours ago)

to me
It could happen if the monies were put in escrow.

We would, in essence, show off their monetary systems capabilities in venues such as ours.


Martin Grund via messagingengine.com
6:27 PM (7 hours ago)

to me
In fact, we too would toss some money into the fray.
 
Marty


Martin Grund via messagingengine.com
6:30 PM (7 hours ago)

to me
If it matters, I am an officer of ICC, a founding owner, VP and treasurer.

 

Hi,
I am already supporting two smaller tournaments - one chess and one starcraft match from the NxtMarketing fund, but budget for these is 5-15.000
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15

There are also planned Poker tournaments. Other games like League of Legends still don't have ambassadors.

Uniqueorn would like to host top starcraft matches, but budget for these would be at 100.000 and NxtMarketing account cannot afford this.

 

[pinarello]

CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

9'223K NXT + 10 BTC is yet available.

Reserved from the amount above:

10 BTC - NRS crypto algo audit
250k NXT - Whitepaper
100k NXT - fatal flaw reward
100k NXT - AM contest rewards
100k NXT - fiat gateway rewards
100k NXT - minusbalancer's bounty for the client (Edit: It will be paid from the Development fund)
X NXT - 1st SMS-to-NXT gateway reward

So up to 8.5M could be spend for the infrastructure, not necessarily 1M.

Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James

good point, take into account the amount of VPS we have running on NXT fund, how long can we maintain them.

I remember there was some kind of war chest but can not find it.

We risk if we do not maintain them they will be shut down one by one, so I would like to have view on that

[Come-from-Beyond]

Can you politly ask him to write something down? we NEED this desperatly !

Asked ages ago, his position sounds like that (my wording):

Satoshi's whitepaper has never been critically reviewed. This led to the situation when serious problems like Centralization, Selfish Mining, etc. were revealed too late. More problems will arise in the future (Huge Fees, Ecological Catastrophe). By refusing to write the whitepaper BCNext forces us to analyze Nxt concept as deep as possible.

[bitcoinpaul]

Can you politly ask him to write something down? we NEED this desperatly !

Asked ages ago, his position sounds like that (my wording):

Satoshi's whitepaper has never been critically reviewed. This led to the situation when serious problems like Centralization, Selfish Mining, etc. were revealed too late. More problems will arise in the future (Huge Fees, Ecological Catastrophe). By refusing to write the whitepaper BCNext forces us to analyze Nxt concept as deep as possible.

You could contribute.

[Come-from-Beyond]

Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James

I can tell u the lowest bound of bandwidth requirement:

Min transaction length = 128 bytes
1000 tps = 1000 * 128 byte * 8 bit/byte / 1 s = 1 Mbps

[jl777]

CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

9'223K NXT + 10 BTC is yet available.

Reserved from the amount above:

10 BTC - NRS crypto algo audit
250k NXT - Whitepaper
100k NXT - fatal flaw reward
100k NXT - AM contest rewards
100k NXT - fiat gateway rewards
100k NXT - minusbalancer's bounty for the client (Edit: It will be paid from the Development fund)
X NXT - 1st SMS-to-NXT gateway reward

So up to 8.5M could be spend for the infrastructure, not necessarily 1M.

Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James

good point, take into account the amount of VPS we have running on NXT fund, how long can we maintain them.

I remember there was some kind of war chest but can not find it.

We risk if we do not maintain them they will be shut down one by one, so I would like to have view on that

I think 100% of NXT community will agree that we must keep the server infrastructure running and be able to support 1000TPS. I need input from people that know about current server loads if we are anywhere close to saturation now, etc.

How many VPS servers do we have? How much do they cost?

It could be that the thousands of NXT servers running on people's computers are providing enough infrastructure, or maybe we desperately need more hallmarked power servers.

I just have no visibility into this.

Anybody? Ideally, we will know enough to be able to budget properly for this. It is certainly mission critical.

James

[jl777]

Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James

I can tell u the lowest bound of bandwidth requirement:

Min transaction length = 128 bytes
1000 tps = 1000 * 128 byte * 8 bit/byte / 1 s = 1 Mbps

Does that mean that all nodes have to have 1Mbps or just the forging node? What happens if the forging node doesn't have that much bandwidth?

James

[Eadeqa]

Alias NXTcommunityfund = 13776816462073143763

NXT Community Fund Balance Total  : 2,127,878 NXT

USD Equivalent   : 137998.78  

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763

Whales, dolphins, minnows:  Please donate today.

Your generous contribution will enable great things.

Is anyone interested in sponsoring a chess tournament on ICC? (chessclub.com? )

ICC was founded back in 1991 (at that time it was known as ICS) -- long before google and and yahoo. It has hundreds of International Grandmasters and International master -- not to mention 30 thousand (and more) regular chess players who pay $60  a year membership fees.

Here is a list of active ICC members

http://www6.chessclub.com/activities/all_handles.php

This is a list Grandmasters who play on ICC

http://www6.chessclub.com/help/GM-bio

(the list of International masters is much larger)

A big chess tournament on ICC where the prize money is awarded in Nxt (must be enough money though to attack all the grandmasters) can attract media coverage OUTSIDE of crypto community.

I emailed Martin Grund (one of the founder of ICC) and asked him if ICC would hold such a tournament where prize money would be in Nxt (donated by Nxt community) and they will advertise the tournament to their members, and in the media.

Here is how that email exchange went:

Martin Grund via messagingengine.com

Feel free to reply to this email with your needs.

On Fri, Jan 31, 2014, at 03:28 PM, ICC [XXXXXX] wrote:
> Message sent to ICC user LateKnight from ICC user XXXX
> hi. I need to talk to you


XXXXX  XXXXXX@gmail.com
4:17 PM (9 hours ago)

to Martin
How about arranging a chess tournament on a large scale (could be $10,000 US dollar eqv)?

The Nxt (it's crypto currency) stakeholders are spending money on promoting it. It currently has $60 million dollars market cap

 http://coinmarketcap.com/

(see #5 Nxt)

Someone did $500 worth of tournament on FICS where they currency was paid with Nxt.

How about if I talk to the stakeholders to sponsor a tournament on ICC worth $10,000 ?

They provide the money (in Nxt). You arrange the tournament on ICC with enough publicity to attract some press and GMs and IMs

$10,000 is a lot of money in chess circles

Martin Grund via messagingengine.com
4:19 PM (9 hours ago)

to me
It could happen if the monies were put in escrow.

We would, in essence, show off their monetary systems capabilities in venues such as ours.


Martin Grund via messagingengine.com
6:27 PM (7 hours ago)

to me
In fact, we too would toss some money into the fray.
 
Marty


Martin Grund via messagingengine.com
6:30 PM (7 hours ago)

to me
If it matters, I am an officer of ICC, a founding owner, VP and treasurer.

 

Hi,
I am already supporting two smaller tournaments - one chess and one starcraft match from the NxtMarketing fund, but budget for these is 5-15.000
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15

There are also planned Poker tournaments. Other games like League of Legends still don't have ambassadors.

Uniqueorn would like to host top starcraft matches, but budget for these would be at 100.000 and NxtMarketing account cannot afford this.

 

I know, I got the idea when I saw someone sponsor small $500 worth of tournament on FICS.

ICC is on different league  (easily 30,000 active members and hundreds of grandmasters
and money like $500 isn't going to attract GMs. Just typing "w T" right now on ICC shows 37 GMs, IMss, and FMs online

3302^N-Chadaev(GM)        1583.lollipop(WFM)       2558#Fantom64(IM)    
3151^Glamurius(GM)        3120:Tiger-Lilov(IM)     2528.Petrovich(GM)  
3121^kvaxchira(IM)        3079^Olegas(IM)          2526 Champbuster(GM)
2907^INDIAN-ELEPHANT(GM)  2928.Saw(GM)             2449^QvC(IM)        
2705#anat(GM)             2895^YARDBIRD(GM)        2420#chesstrainer(IM)
2650^fizteh(IM)           2843.JJOKK(IM)           2252^Zorch(IM)      
2505^diasattack(FM)       2794 SmallStardo(IM)     2158.Ashkeef(IM)    
2443^MrErasmus(IM)        2754:JDoss(FM)           2035^Connor7(IM)    
2356:Bones(GM)            2703.AgentSmith(IM)      2365.Top-Notch(IM)  
2271.ptijean67(IM)        2653 BlitzKicker(FM)     ----#LazyPawn(IM)    
2246^laity(IM)            2626^RomanYankovsky(IM)  ----.Voin(IM)        
2244 igor(IM)             2575 Serlock(IM)         1541 JOP(GM)        
1888.vish(FM)            

37 Players displayed (of 970).

 

A tournament like the one I suggested will mean anywhere between 20,00 + new Nxt accounts Plus media coverage

Of course if its too much money it can't be happen then ...

Would it be possible to make it $5000?  In the short email that I had with the ICC founder, he seem to suggest that they can add their own money to prize fund to make it bigger



 

 

[salsacz]

Eadeqa: we will try to support these tournaments in.. near future, maybe since March

[pinarello]

Can you politly ask him to write something down? we NEED this desperatly !

Asked ages ago, his position sounds like that (my wording):

Satoshi's whitepaper has never been critically reviewed. This led to the situation when serious problems like Centralization, Selfish Mining, etc. were revealed too late. More problems will arise in the future (Huge Fees, Ecological Catastrophe). By refusing to write the whitepaper BCNext forces us to analyze Nxt concept as deep as possible.

This is all unknown territory. BCNext is pioneer, just like satoshi.

Its like asking me to review his work, as I am totaly ignorant. (I only see the results of his work)

Honestly nobody can review his work.

[rriky92]

Wiki translation bounties calculated

I get to be Santa tonight!

This is the final list of scores for wiki translations for December 2013 and January 2014.  The wiki's "permanent home" was established near the end of December, so we're putting the two months together.

Top prize goes to Damelon, who contributed 16% of all translations on the site... but there's a little something for everybody who contributed translations.

I'm going to start sending out rewards right away.  Totals and transactions are all here: https://docs.google.com/spreadsheet/ccc?key=0AkfSNgBIzmvXdHcxSnBMUkp3bWFubzdfVmJySGVTX2c&usp=sharing

If you own one of the accounts for whom no account info is available, send me an email from your wiki account using this link to prove your identity and supply me your Nxt account number

Thank you very much!

[Come-from-Beyond]

Does that mean that all nodes have to have 1Mbps or just the forging node? What happens if the forging node doesn't have that much bandwidth?

All nodes must have at least so much bandwidth. Forging nodes must have more coz not all transactions r included into blocks.

If nodes don't have enough bandwidth then they'll face "event horizon" effect.

[Come-from-Beyond]

This is all unknown territory. BCNext is pioneer, just like satoshi.

Its like asking me to review his work, as I am totaly ignorant. (I only see the results of his work)

Honestly nobody can review his work.

Then we should hibernate Nxt until people r able to review this concept.

[pinarello]

This is all unknown territory. BCNext is pioneer, just like satoshi.

Its like asking me to review his work, as I am totaly ignorant. (I only see the results of his work)

Honestly nobody can review his work.

Then we should hibernate Nxt until people r able to review this concept.

Yeah you are right maybe we should, who knows what he is up to and what he is doing.

EDIT: it is very strange nobody steps up and challenge BCNext. (other than Frictionless )