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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755205 times)
bitcoinpaul
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February 05, 2014, 01:48:42 PM
 #29681

Tell me again how I can forge with my smartphone? What are the details of a hypothetical "lightweight client"?

U will lease forging power. And u don't need complete blockchain coz u can send transactions via public nodes (Service Providers in the future).

Ahhh. Leasing forging power. How exactly (or not exactly, just a little more precise)?

U'll send ur "effective balance" to another account.

Right, this should be implemented in account control.
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nxtru
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February 05, 2014, 01:49:11 PM
 #29682

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.
100 TPS is still a lot of transactions...8.64 million in 24 hours.
1NXT each...
Come-from-Beyond
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February 05, 2014, 01:49:25 PM
 #29683

1) How long would it take an apprentice Java coder?

2) Would he need full access to the source code?

1. Ask the coder.
2. No.

Do we need TF to be implemented 1st?

No
rickyjames
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February 05, 2014, 01:51:38 PM
 #29684

And the team and the bounty that is working on a pruning algorithm RIGHT NOW to support a 300 GB Blockchain (holy crap!) is?Huh?  Is this more important or less important that selecting a Turing complete language for NXT???

My vote is obvious.

Turing complete language is just for fun.

Blockchain pruning / minimization is for survival.
pastet89
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February 05, 2014, 01:51:55 PM
 #29685

I only have 800,000 NXT to dump and we r below 0,00005.

When I get back I will do this so i was polite warning you all.


oh and on vicrurex 90,000 NXT and we r below 0.00005 but that is to easy.

bye bye

Too late. Good bye.

Too late 4 what?

Cryptostats.es
landomata
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February 05, 2014, 01:52:07 PM
 #29686

Maybe Nxt should aim for a more conservative 100 TPS to avoid ending up looking very silly in a few months time.

100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.
100 TPS is still a lot of transactions...8.64 million in 24 hours.
1NXT each...

That's where service providers comes in subscription based fees charged on a per. byte, per. day or even per transaction basis....this is what I gained from my talks with Cfb.

bitcoinpaul
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February 05, 2014, 01:54:28 PM
 #29687

U'll send ur "effective balance" to another account.

Right, this should be implemented in account control.

Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?
Come-from-Beyond
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February 05, 2014, 01:54:57 PM
 #29688

Blockchain pruning / minimization is for survival.

U should undestand that everything is in ur own hands. Pruning is not a rocket science. Just make a snapshot at some block height and use it as Genesis Block 2.
Come-from-Beyond
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February 05, 2014, 01:56:39 PM
 #29689

Too late 4 what?

For dump. Emule's deeds don't follow his words, I bet I lose nothing if ignore his further posts.
Come-from-Beyond
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February 05, 2014, 01:58:14 PM
 #29690

Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?

No.
Isildur23
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February 05, 2014, 02:00:07 PM
 #29691

I only have 800,000 NXT to dump and we r below 0,00005.

When I get back I will do this so i was polite warning you all.


oh and on vicrurex 90,000 NXT and we r below 0.00005 but that is to easy.

bye bye

Too late. Good bye.

Too late 4 what?

Come-from-Beyond told him (2 days ago) that if he doesn't dump in the next 2 days, he will ignore him. Emule keeps saying that he will dump for ages lol Cheesy
Edit: Damned, CFB is so fast Cheesy

Ties are a prison for the soul...
bitcoinpaul
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February 05, 2014, 02:03:25 PM
 #29692

Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?

No.

We conclude: This forging smartphone marketing thing is kinda bs. I could state that my penis is forging too, because I leased my forging power. The only difference, for example to BTC, is, that we can run a lightweight working client on our smartphones to make transactions, without the forging (and thus network securing) function.

edit: marketing wise, we should shift from "smartphone is forging" to "i can forge all the time without electricity". the implication is, that critics could state something like "omg, everyone is leasing their forging power. we have a 95% attack"

Wrong?
BitcoinForumator
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February 05, 2014, 02:05:19 PM
 #29693

Why not focus on DE rather than this 1000(or 100) TPS?

Do you need that much horsepower (100TPS or more) when you have a Distributed Exchange?

To me DE seems much more attractive.

(note: talking from a layman's perspective)
Come-from-Beyond
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February 05, 2014, 02:05:54 PM
 #29694

We conclude: This forging smartphone marketing thing is kinda bs. I could state that my penis is forging too, because I leased my forging power. The only difference, for example to BTC, is, that we can run a lightweight working client on our smartphones to make transactions, without the forging (and thus network securing) function.

True. But after someone implements Parallel Chains this conclusion will become false.
CIYAM
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February 05, 2014, 02:07:12 PM
 #29695

We conclude: This forging smartphone marketing thing is kinda bs. I could state that my penis is forging too, because I leased my forging power. The only difference, for example to BTC, is, that we can run a lightweight working client on our smartphones to make transactions, without the forging (and thus network securing) function.

In fact I'd say that it's no different to operating an SPV client on a smartphone for Bitcoin (and is perhaps even less secure than that).

So - another point to those doing the marketing is probably going to be "forget the RPi and other tiny computers also".

@CfB - how will parallel chains help the situation?

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
bitcoinpaul
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February 05, 2014, 02:08:04 PM
 #29696

We conclude: This forging smartphone marketing thing is kinda bs. I could state that my penis is forging too, because I leased my forging power. The only difference, for example to BTC, is, that we can run a lightweight working client on our smartphones to make transactions, without the forging (and thus network securing) function.

True. But after someone implements Parallel Chains this conclusion will become false.

I like the concept of parallel chains. But maybe I don't understand correctly. We only have parallel chains for different purposes, like Transactions, Messages, Porns. Right? Or do we split "transactions" to different chains? And please no "the community decides" answer Kiss How could this help?
pinarello
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February 05, 2014, 02:08:43 PM
 #29697

At the moment our current level is only 0.01 TPS so we have a long way to go.

Indeed - so I don't think there is any need to panic about getting the blockchain shrinking done overnight either.

I am more concerned with marketing campaigns that end up becoming a PR disaster due "ridiculously over optimistic" promises.

A product that delivers its promises is respected much more than one that "promises the moon" but never actually delivers.


+1000000

landomata
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February 05, 2014, 02:09:02 PM
 #29698

Is the smartphone still a kind of node? I mean, does the smartphone add anything to the 'security' of nxt when it is running a lightweight client?

No.

We conclude: This forging smartphone marketing thing is kinda bs. I could state that my penis is forging too, because I leased my forging power. The only difference, for example to BTC, is, that we can run a lightweight working client on our smartphones to make transactions, without the forging (and thus network securing) function.

Bitcoin is at 7 TPS ...smartphones can easily handle that....I think high end smartphones (Note 3 or Iphone 5S) can easily handle 1000 TPS....if you have fast internet.

rickyjames
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February 05, 2014, 02:09:11 PM
 #29699

Why not focus on DE rather than this 1000(or 100) TPS?

Do you need that much horsepower (100TPS or more) when you have a Distributed Exchange?

To me DE seems much more attractive.

(note: talking from a layman's perspective)

The true layman is going to first come in contact with NXT at Crypsy.    Only an already-sold NXT enthusiast is going to have a NXT client that supports Distributed Exchange.

Again I say, our second highest bounty and our second highest team identification effort (after blockchain) should be a hand-in-hand approach to work with Cryptsy IT folks on a data/software bridge to get NXT on Cryptsy NOW!
okaynow
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February 05, 2014, 02:09:23 PM
 #29700

Off Topic:

Anyone with working knowledge of greek language and crypto here?
translated: Yπαρχει κανείς εδω πoυ να γνωρίζει ελληνικά και αρχές κρυπτoγραφίας?

TIA
-Fo-

1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc
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