NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Will the April release of software support some kind of system that does not store every transaction on a rapidly growing blockchain?  Just the data of current balance level for registered users, perhaps?

No.

How many of the full time devs will continue to work full time on NXT in May?

No idea.

[rickyjames]

Will the April release of software support some kind of system that does not store every transaction on a rapidly growing blockchain?  Just the data of current balance level for registered users, perhaps?

No.

How many of the full time devs will continue to work full time on NXT in May?

No idea.

Final question from me (at least for today):  What is the strongest/most positive statement you would make to a audience of Bitcoin users about how NXT blockchain use/processing is superior to Bitcoin blockchain operations?

[brooklynbtc]

ROFL

[Come-from-Beyond]

Final question from me (at least for today):  What is the strongest/most positive statement you would make to a audience of Bitcoin users about how NXT blockchain use/processing is superior to Bitcoin blockchain operations?

Nxt blockchain can be split into many parallel blockchains, one for Payments, one for Arbitrary Messages, one for Asset Exchange, and so on, reducing requirements to storage/bandwidth for those who don't need some of the features. And this is almost for free, coz forgers r able to secure all the chains, unlike Bitcoin, where a miner is able to secure only 1 chain.

[rickyjames]

Final question from me (at least for today):  What is the strongest/most positive statement you would make to a audience of Bitcoin users about how NXT blockchain use/processing is superior to Bitcoin blockchain operations?

Nxt blockchain can be split into many parallel blockchains, one for Payments, one for Arbitrary Messages, one for Asset Exchange, and so on, reducing requirements to storage/bandwidth for those who don't need some of the features. And this is almost for free, coz forgers r able to secure all the chains, unlike Bitcoin, where a miner is able to secure only 1 chain.

Okay.  That's a solid response, thank you.

It also says to me that we can forget about Raspberry Pis on a 1000 TPS network and we need to set up lots and lots of fast VPSs with multi-terabyte SSD drives.  And we need to set up blockchain pruning as our number one development priority, with the intention of doing it quarterly in a 1000 TPS NXT network and weekly on a 10,000 TPS NXT network.

Somebody tell me I'm full of crap and why.  Please.

[Anon136]

tai zen identified me as nxt ambassador. i like to think of myself more as a come-from-beyond translator

[bitcoinpaul]

Final question from me (at least for today):  What is the strongest/most positive statement you would make to a audience of Bitcoin users about how NXT blockchain use/processing is superior to Bitcoin blockchain operations?

Nxt blockchain can be split into many parallel blockchains, one for Payments, one for Arbitrary Messages, one for Asset Exchange, and so on, reducing requirements to storage/bandwidth for those who don't need some of the features. And this is almost for free, coz forgers r able to secure all the chains, unlike Bitcoin, where a miner is able to secure only 1 chain.

Okay.  That's a solid response, thank you.

It also says to me that we can forget about Raspberry Pis on a 1000 TPS network and we need to set up lots and lots of fast VPSs with multi-terabyte SSD drives.  And we need to set up blockchain pruning as our number one development priority, with the intention of doing it quarterly in a 1000 TPS NXT network.

Somebody tell me I'm full of crap and why.  Please.

If we can split the blockchain, why shouldn't a RaspberryPi (or something similar) be able to handle 1000 TPS? Maybe I don't get it...

[bitcoinpaul]

tai zen identified me as nxt ambassador. i like to think of myself more as a come-from-beyond translator

much needed

[rickyjames]

Final question from me (at least for today):  What is the strongest/most positive statement you would make to a audience of Bitcoin users about how NXT blockchain use/processing is superior to Bitcoin blockchain operations?

Nxt blockchain can be split into many parallel blockchains, one for Payments, one for Arbitrary Messages, one for Asset Exchange, and so on, reducing requirements to storage/bandwidth for those who don't need some of the features. And this is almost for free, coz forgers r able to secure all the chains, unlike Bitcoin, where a miner is able to secure only 1 chain.

Okay.  That's a solid response, thank you.

It also says to me that we can forget about Raspberry Pis on a 1000 TPS network and we need to set up lots and lots of fast VPSs with multi-terabyte SSD drives.  And we need to set up blockchain pruning as our number one development priority, with the intention of doing it quarterly in a 1000 TPS NXT network.

Somebody tell me I'm full of crap and why.  Please.

If we can split the blockchain, why shouldn't a RaspberryPi (or something similar) be able to handle 1000 TPS? Maybe I don't get it...

The main blockchain is the one with the transactions on it.  It's going to grow at 10GB per day in a 1000 TPS network even if you strip all of NXT's other functions off into smaller secondary blockchains.  How can a Raspberry Pi store a ten-day-old 100 GB NXT blockchain for processing when its turn comes to forge a block?

Maybe I'm missing something about how blocks are added to a blockchain.   Can you forge a block and add it on to a NXT blockchain if you don't have a copy of the entire blockchain stored locally?  If so, can somebody elaborate on that?

[NxtChg]

1000 TPS

Why are you people so obsessed with this number? 

Because it's big and round? Should I repeat again, that the whole bitcoin network is still working at 7 TPS? After 4 years.

And you worry we won't be able to handle transactions in April? And plan to start stockpiling VPS's?

Where all this agitation comes from? We'd be extremely lucky to just match bitcoin in a year or two...

[bitcoinpaul]

Maybe: Nxt could be the next decentralized VISA. If we can make 1000TPS possible in the next months, this would lead to a huge marketing effect. And Nxt would be taken really serious.

[TwinWinNerD]

Let's assume all Altcoin trading is done on our DAC's and we have all transaction from all altcoins combined. Let's also throw in the transactions of the 4 big exchanges (mtgox, btc-e , bitstamp and btcchina) even then we would only have at maximum an average of 20 transactions per second.

[mww]

However, if James directs this, then I will disburse as authorized.  Like he has for this 75K NXT for crazy-expensive $75 CPM audio spots over in another thread: https://bitcointalk.org/index.php?topic=412243.new#new

Just for the record, your math is wrong, so anyone who agrees on this assumption, should make his own calculations first

It's a fact that James has authorized 75K NXT and I will be disbursing that later today as directed.

I understood that the audio spots were twice weekly for three months reaching an audience of 10,000 and were funded at a level of 275K NXT when NXT was priced at 0.07 USD each given the current Bitcoin price.  That's 275,000 * 0.07 = $19,250 for 13 weeks * twice weekly * 10,000 people = 260,000 impressions for a CPM of 19250/260 = $74.03.  I rounded to $75 for sake of an even number to use in discussion.

because in previous text you were counting only on 13 spots and not 26. But you must add many important things - if we didn't book it in couple of hours, ethereum would have bought that minute. Then, there is a difference between listeners of LTB and any other ordinary visitors of websites etc. Listeners of LTB have big influence on other people (journalists...) - those listeners can speak directly to the celebrities/important people, listeners of LTB are experts, advisors with huge power

Hi Guys,

By night i'm usually ranting on this forum and asking silly questions, but by day i'm the lead digital analyst for one of the big 4 marketing communications companies.

Anyways, you guys are getting absolutely extorted. This CPM is off the roof; i've never actually seen a CPM this high when dealing with radio. I'll get in contact with my radio team tomorrow morning, but at the moment, unless i've missed some sort of targeting, i really cant see why you are paying so much.

If your dealing with any sort of advertising please contact me, i have access to pretty much the entire industry and know a good deal when i see one. I also have a team of 6 other analysts whos job it is to find out whatever i want to know across the other major mediums.

I'd be more than happy to assist for free as i see NXT's potential.

Please shoot me a PM with what i can help with, or if you just want to run by any advertising opportunities.

[Conurtrol]

However, if James directs this, then I will disburse as authorized.  Like he has for this 75K NXT for crazy-expensive $75 CPM audio spots over in another thread: https://bitcointalk.org/index.php?topic=412243.new#new

Just for the record, your math is wrong, so anyone who agrees on this assumption, should make his own calculations first

It's a fact that James has authorized 75K NXT and I will be disbursing that later today as directed.

I understood that the audio spots were twice weekly for three months reaching an audience of 10,000 and were funded at a level of 275K NXT when NXT was priced at 0.07 USD each given the current Bitcoin price.  That's 275,000 * 0.07 = $19,250 for 13 weeks * twice weekly * 10,000 people = 260,000 impressions for a CPM of 19250/260 = $74.03.  I rounded to $75 for sake of an even number to use in discussion.

because in previous text you were counting only on 13 spots and not 26. But you must add many important things - if we didn't book it in couple of hours, ethereum would have bought that minute. Then, there is a difference between listeners of LTB and any other ordinary visitors of websites etc. Listeners of LTB have big influence on other people (journalists...) - those listeners can speak directly to the celebrities/important people, listeners of LTB are experts, advisors with huge power

Hi Guys,

By night i'm usually ranting on this forum and asking silly questions, but by day i'm the lead digital analyst for one of the big 4 marketing communications companies.

Anyways, you guys are getting absolutely extorted. This CPM is off the roof; i've never actually seen a CPM this high when dealing with radio. I'll get in contact with my radio team tomorrow morning, but at the moment, unless i've missed some sort of targeting, i really cant see why you are paying so much.

If your dealing with any sort of advertising please contact me, i have access to pretty much the entire industry and know a good deal when i see one. I also have a team of 6 other analysts whos job it is to find out whatever i want to know across the other major mediums.

I'd be more than happy to assist for free as i see NXT's potential.

Please shoot me a PM with what i can help with, or if you just want to run by any advertising opportunities.

What are your thoughts on targeted Reddit ads?

[coin5l1]

How many confirmations should you get for receiving blocks?

[salsacz]

Hi all,

Could we simulate the 1000TPS?

I think that it would be great as a marketing tool for salscz while comparing it to bitcoin.

Talking about something vs actually demonstrating it, are two different thing... and it will also serve as "proof of ability/technology"

it is like Bitcoin vs. Visa, so all you have to do is: Bitcoin vs. Visa Nxt

[^[GS]^]

NXTio.org is working!

• Not need notify the deposit.
• No minimum deposit (+1 NXT)
• Forging 24 hours
• Automated withdrawal
• Multi language: English, Spanish, French and coming German

http://www.nxtio.org

[rickyjames]

However, if James directs this, then I will disburse as authorized.  Like he has for this 75K NXT for crazy-expensive $75 CPM audio spots over in another thread: https://bitcointalk.org/index.php?topic=412243.new#new

Just for the record, your math is wrong, so anyone who agrees on this assumption, should make his own calculations first

It's a fact that James has authorized 75K NXT and I will be disbursing that later today as directed.

I understood that the audio spots were twice weekly for three months reaching an audience of 10,000 and were funded at a level of 275K NXT when NXT was priced at 0.07 USD each given the current Bitcoin price.  That's 275,000 * 0.07 = $19,250 for 13 weeks * twice weekly * 10,000 people = 260,000 impressions for a CPM of 19250/260 = $74.03.  I rounded to $75 for sake of an even number to use in discussion.

because in previous text you were counting only on 13 spots and not 26. But you must add many important things - if we didn't book it in couple of hours, ethereum would have bought that minute. Then, there is a difference between listeners of LTB and any other ordinary visitors of websites etc. Listeners of LTB have big influence on other people (journalists...) - those listeners can speak directly to the celebrities/important people, listeners of LTB are experts, advisors with huge power

Hi Guys,

By night i'm usually ranting on this forum and asking silly questions, but by day i'm the lead digital analyst for one of the big 4 marketing communications companies.

Anyways, you guys are getting absolutely extorted. This CPM is off the roof; i've never actually seen a CPM this high when dealing with radio. I'll get in contact with my radio team tomorrow morning, but at the moment, unless i've missed some sort of targeting, i really cant see why you are paying so much.

If your dealing with any sort of advertising please contact me, i have access to pretty much the entire industry and know a good deal when i see one. I also have a team of 6 other analysts whos job it is to find out whatever i want to know across the other major mediums.

I'd be more than happy to assist for free as i see NXT's potential.

Please shoot me a PM with what i can help with, or if you just want to run by any advertising opportunities.

+99999999999999999999999999999999999999999999999

mww, you and I are officially BFFs.  At last, somebody that knows what the hell they are talking about when it comes to advertising and is willing to use the term CPM.  I have been saying this exact same thing for days and have been called a liar while doing it.

It gets worse, they had an opportunity to sit somebody FOR FREE in a soundroom panel discussion where the first ad was aired, and the show is willing to interview us exclusively FOR FREE.  And we've paid them close to $20K !?!?!?!

Dude, I am hereby officially nominating you for membership on the NXT marketing committee if you want the slot.

https://bitcointalk.org/index.php?topic=445209.msg4917173#msg4917173

[Damelon]

Hi guys,

Just saw this one the nextcoin forums. Has this been seen yet?
Can anyone give him an answer? Seems like a "hidden" cost for most users.

https://nextcoin.org/index.php/topic,3755.0.html

Is there any way to reduce or outright throttle bandwidth usage of the NXT client?

I've been running NXT client on Windows since mid Dec, upgrading to newest version when new ones are out.  The client uses between 150KB/s to 500KB/s.  This works out to 390GB to 1.2TB(!) per month.  My ISP charges dearly for exceeding 300GB/mo.  I first found this out because in Jan I unexpectedly hit 500GB of usage - thanks largely to NXT client.  In the first 10 hours of the new month, NXT client (now version 0.5.11) has already racked up 18GB of transfers.

I have high confidence in this next-gen currency, and want to participate in the network. And I don't want to lose NXT due to transparent forging penalties if I don't participate. But I can't pay Comcast another $50-200+ a month to be able to run such a bandwidth hungry app.

Please let me know any way to reduce the NXT client bandwidth consumption, and/or to set explicit throttle limits on it.  My apologies if this should be common knowledge, but I've already searched these forums and general internet for throttling or bandwidth related docs or posts and found nothing.  Thanks.

[Emule]

Hi guys,

Just saw this one the nextcoin forums. Has this been seen yet?
Can anyone give him an answer? Seems like a "hidden" cost for most users.

https://nextcoin.org/index.php/topic,3755.0.html

Is there any way to reduce or outright throttle bandwidth usage of the NXT client?

I've been running NXT client on Windows since mid Dec, upgrading to newest version when new ones are out.  The client uses between 150KB/s to 500KB/s.  This works out to 390GB to 1.2TB(!) per month.  My ISP charges dearly for exceeding 300GB/mo.  I first found this out because in Jan I unexpectedly hit 500GB of usage - thanks largely to NXT client.  In the first 10 hours of the new month, NXT client (now version 0.5.11) has already racked up 18GB of transfers.

I have high confidence in this next-gen currency, and want to participate in the network. And I don't want to lose NXT due to transparent forging penalties if I don't participate. But I can't pay Comcast another $50-200+ a month to be able to run such a bandwidth hungry app.

Please let me know any way to reduce the NXT client bandwidth consumption, and/or to set explicit throttle limits on it.  My apologies if this should be common knowledge, but I've already searched these forums and general internet for throttling or bandwidth related docs or posts and found nothing.  Thanks.

silence....

were is the great messias now?

BTW coudnt you wait to expose this till I was done selling, now everyone will start selling damn

and there is more... just wait...