CIYAM
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Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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February 05, 2014, 01:39:18 PM |
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100 TPS is a good number too. After we test this rate we will see if it's feasable to add one zero more.
Okay - I hope those doing the marketing will note this and try to not add that extra zero for now - Bitcoin is only currently *capable* of doing 7 TPS at this point after all so a more than 10 fold increase I think should be enough for at least a year. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Come-from-Beyond
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Activity: 2142
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February 05, 2014, 01:39:57 PM |
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We need some idea as we plan to implement this feature.
Ok, let's brainstorm. 1) Who would be able to code this feature? Any apprentice Java coder. |
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rickyjames
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February 05, 2014, 01:41:05 PM |
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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. Dude. We still need blockchain pruning capability and we need it NOW. And we need to dial back our claims if we are dialing back our expectations, and we need to dial those claims back NOW. |
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landomata
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Activity: 2184
Merit: 1000
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February 05, 2014, 01:42:15 PM |
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We need some idea as we plan to implement this feature.
Ok, let's brainstorm. 1) Who would be able to code this feature? Any apprentice Java coder. 1) How long would it take an apprentice Java coder? 2) Would he need full access to the source code? |
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Come-from-Beyond
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Activity: 2142
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February 05, 2014, 01:43:00 PM |
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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). |
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bitcoinpaul
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February 05, 2014, 01:43:48 PM |
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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. +10 |
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Come-from-Beyond
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Activity: 2142
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February 05, 2014, 01:44:10 PM |
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And the team and the bounty that is working on a pruning algorithm RIGHT NOW to support a 300 GB Blockchain (holy crap!) is?  ? 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. |
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landomata
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Activity: 2184
Merit: 1000
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February 05, 2014, 01:44:14 PM |
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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. Dude. We still need blockchain pruning capability and we need it NOW. And we need to dial back our claims if we are dialing back our expectations, and we need to dial those claims back NOW. At the moment our current level is only 0.01 TPS so we have a long way to go. |
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bitcoinpaul
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February 05, 2014, 01:44:38 PM |
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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)? |
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Come-from-Beyond
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Activity: 2142
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February 05, 2014, 01:45:49 PM |
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Dude. We still need blockchain pruning capability and we need it NOW. And we need to dial back our claims if we are dialing back our expectations, and we need to dial those claims back NOW.
I'm not sure we need 10 GiB per day coz BCNext has some ideas about Parallel Chains. If u can't handle so much data, then don't use all the blockchains. |
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bitcoinpaul
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February 05, 2014, 01:46:21 PM |
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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. Dude. We still need blockchain pruning capability and we need it NOW. And we need to dial back our claims if we are dialing back our expectations, and we need to dial those claims back NOW. At the moment our current level is only 0.01 TPS so we have a long way to go. It is NOT about the current level. It is about one thing only: "Hello, this is Nxt. If you want to kick visa in the ass, here we are. Decentralized, capable of making 1000 TPS. Fuck visa". |
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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February 05, 2014, 01:46:36 PM |
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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. |
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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February 05, 2014, 01:47:37 PM |
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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. |
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CIYAM
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Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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February 05, 2014, 01:47:48 PM |
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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. |
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landomata
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Activity: 2184
Merit: 1000
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February 05, 2014, 01:48:03 PM |
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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 fully implemented 1st? |
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bitcoinpaul
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February 05, 2014, 01:48:42 PM |
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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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Activity: 37
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February 05, 2014, 01:49:11 PM |
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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... |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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February 05, 2014, 01:49:25 PM |
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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 |
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rickyjames
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February 05, 2014, 01:51:38 PM |
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And the team and the bounty that is working on a pruning algorithm RIGHT NOW to support a 300 GB Blockchain (holy crap!) is? ? 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. |
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pastet89
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February 05, 2014, 01:51:55 PM |
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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
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