NXT :: descendant of Bitcoin - Updated Information

[jl777]

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.

That doesn't sound practical. smartphones won't have that sort of bandwidth. Most wifi wouldn't support that much bandwidth. A lot of ISP's especially in countries without broadband everywhere wouldn't have that much bandwidth.

It sounds like we can't go much past 100TPS, thats 100KB of bandwidth. If a node every falls behind, how will it catch up?

This sounds like a fundamental limitation if the total TPS is limited by the slowest node. Or maybe only a few nodes can keep up with the 1000TPS and there is a way for slower nodes to catch up somehow? If BCNext solved this, it will be total NXT domination.

James

[salsacz]

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

sure, warchest is here:
https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dDhkdUtLQnJ1T2k5RTRwZ3lPbVloTXc&usp=drive_web#gid=5

btw here is a few months old list of donators/bounties:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=2

[xyzzyx]

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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

[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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

Holy mother of god.

[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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

Spot on!

[pinarello]

sure, warchest is here:
https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dDhkdUtLQnJ1T2k5RTRwZ3lPbVloTXc&usp=drive_web#gid=5

btw here is a few months old list of donators/bounties:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=2

Thank you Salsa

Can we put in that document for how long VPS is maintained?

VPS owners? please have a look

Pin

[mikesbmw]

I just forged my first block yesterday evening!  
Just noticed this morning.

Party time! I'm going to buy lotsa crap of the 1NXT it contained  

Really, I don't care for the fee (okay, not now), it's the thrill to be even part of it!

[swartzfeger]

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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

It may be a Euro/Slav thing. IIRC, the Chicago Manual of Style (or was it Strunk & White's?) prescripted two spaces after a period (monospaced typeset); WYSIWYG, Adobe Pagemaker, modern fonts etc etc obviated the extra space. Some use it, some don't.

EDIT: shit, I thought you wrote CfB/BCNext... you said Satoshi. Ack.

Yeah, holy mother of G*d.

[bitcoinpaul]

Holy mother of god.

ROFLMAO!    

fictionlesspain

[Labteck]

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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

A lot of people do that.But yes,It's right.
Spot on!

[nxt-e.com]

Dear CFB

For the benefit of the NXT community, and Nxter

After 2 months of hard working , the unique and the best user experience NXT exchange site, https://www.nxt-e.com[/b]]https://www.nxt-e.com, is coming out soon. It focuses on NXT as the main cryptocoin. The site has been released for public testings. After testings, the site will be formally launched.

Our team has several 10+ years experienced developers to make it beautiful and strong. Please visit the web site to experience.

We also have great follow-up plans, such as adding more types of coins, providing more functions as well as dividend, which will be executed as planed.

We are not the original shareholders, and the finance is not on our side. We hope to get the support from you and the community. Please help us and promote the site. Furthermore, we also hope the shareholders‘ generous donations. We need no more than 10000 NXT, which will be used for kick-off and future promotion.

NXT - E exchange has the following features:

Excellent UI, strong extensibility, which can easily add more types of coins in the future.  Clients will have the best trading experience with NXT – e.

Low Fee: 0.15% trading fee.

Convenient automatic transfer: Deposits and withdraws are processed in no time. And we do not change transfer fee. But network does.

Mobile: Fully - responsive site. Trade anywhere, with full market data and interactive charts at your fingertips!

SECURE: NXT-E.COM employees serveral Amazon servers. But NO NXT/Bitcoins/LiteCoins wallets store on our servers. We even have independent altcoin wallet servers, separated from NXT/BitCoin/LiteCoin server, to prevent Trojan, affects the BTC and LTC wallets.

NXT - E exchange plans for the future

The users trading on our site will earn points. Every transaction is accumulated now, and users will be shown points in near future.
All the registered users will get 1 NXT.

We are going to do our best to contribute to the NXT community and  make NXT the more and more important.

[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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

He did not in this post

https://bitcointalk.org/index.php?topic=303898.msg3253052#msg3253052

[Come-from-Beyond]

It sounds like we can't go much past 100TPS, thats 100KB of bandwidth. If a node every falls behind, how will it catch up?

This sounds like a fundamental limitation if the total TPS is limited by the slowest node. Or maybe only a few nodes can keep up with the 1000TPS and there is a way for slower nodes to catch up somehow? If BCNext solved this, it will be total NXT domination.

Lightweight clients don't need full blockchain. That's why we need public nodes that will become Service Providers in the future.

[Come-from-Beyond]

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

If number of spaces after periods shows how cool they r then FC is the best, he used 3 (three) spaces.

[osm]

NXT Mail in your collection.
Decode/encode methods:
ASCII (it's used by default in the "message.html")
UTF-8 (multilanguage support)

Download here.
Unzip & place "mail.html" in NXT directory ...nxt\webapps\root\
Use address http://localhost:7874/mail.html

Checked virustotal.com.

Code:

SHA2: C794543A0842B9F17D71A7E5DB54C2572A4DB5A58D6ACEB3461ECD81CB680756

[jl777]

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.

[offtopic]
Had you noticed that when writing Satoshi and BCNext both used double spaces after periods?  Just sayin'.
[/offtopic]

That gives away their age.  Back in the good old days of last century, it was how it was done.

[Come-from-Beyond]

Dear CFB

Is it some kind of a trick to catch the community attention??

[jl777]

It sounds like we can't go much past 100TPS, thats 100KB of bandwidth. If a node every falls behind, how will it catch up?

This sounds like a fundamental limitation if the total TPS is limited by the slowest node. Or maybe only a few nodes can keep up with the 1000TPS and there is a way for slower nodes to catch up somehow? If BCNext solved this, it will be total NXT domination.

Lightweight clients don't need full blockchain. That's why we need public nodes that will become Service Providers in the future.

Ah, so to be a public node, you need to have 1Mbps. Otherwise you never sync up to blockchain so you might as well run lightweight client.

A raspi with 1Mbps will be more useful to NXT infrastructure than massive server without 1Mbps.

Any idea how many 1Mbps public nodes we need for strong stable NXT network to sustain 1000TPS. (That is just such a mind boggling number, but here we are planning for it!)

James

[Come-from-Beyond]

He did not in this post

https://bitcointalk.org/index.php?topic=303898.msg3253052#msg3253052

That post was made by me. BCNext gave me his BTT account password and asked to post that.

Edit: Wording is mine too, he asked not to copy-paste his original wording.

[ChuckOne]

How is it possible to analyze incomplete graph???

By assuming it's complete and applying the same algorithms as if it were complete.

Have you heard of RDF http://de.wikipedia.org/wiki/Resource_Description_Framework? There we always have incomplete graphs and can still analyze them.

Peers don't share transactions, they share only balances.

What's the difference?

Literally, that's how you get back transactions. 'balance(t1) - balance(t2) =/= 0' represents a transaction to an escrow account (as in coinjoin). So we get transactions back.

But it still comes back to: how is the data distribution regulated? Who/what algo/incentives decide which node stores which piece of data?