NXT :: descendant of Bitcoin - Updated Information

[Passion_ltc]

I'm restarting my NRS on my server!!

It stopped the first time I'm using NRS. Strange.. Maybe the new release isn't that stable?.. Let's see.

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[EvilDave]

I'm restarting my NRS on my server!!

Might be a good idea.....good luck, bro.

U upgraded yet?

Coffee time...possibly a cigarette.

[iruu]

Spamming the blockchain would actually be good, as this would give the incentive to fix the blockchain problem and allow almost unlimited transaction rates.

what do you mean blockchain problem?  and setting fees based on byte-size of transactions would be the ultimate equalizer.  and would untie fees from a fiat relation.  Im surprised more people dont like this suggestion...  Am I really that far off on this one?

The blockchain is the problem because it grows without bounds. The solution is to eliminate the long-term blockchain. Then you wouldn't have to worry about transaction spam. Currently the whole nxt state would take about 1 MB, with maximum theoretical (basically impossible in practice) size about 32GB.

[Passion_ltc]

I'm restarting my NRS on my server!!

Might be a good idea.....good luck, bro.

U upgraded yet?

Coffee time...possibly a cigarette.

I know the problem. Will fix it.

[gimre]

I don't think so. If it's wanted maybe.

what is account age and how do you measure it?

How many blocks ago there should be at least the first transaction.

And how do you measure it? I mean, if I specify 1000 I hope it's not
(last block seen when user votes - 1000)

It would be better to have something like: disallow accounts created after block X.

[EvilDave]

I'm restarting my NRS on my server!!

Might be a good idea.....good luck, bro.

U upgraded yet?

Coffee time...possibly a cigarette.

I know the problem. Will fix it.

No worries, gonna go and shoot my faithful old VPS...it seems to have forked off into la-la land.
I'll hassle u in an hour or so....

[bithic]

Just want to catch on the discussion we had this afternoon about features and target audience for nxt.

1. (Possible) Features:
- TF for instant transactions
- TF + punishment against 50% attacks (correct?)
- no bloated blockchain
- energy friendly crypto
- mobile friendly crypto
- easy to add new features
- many many TPS
- parallel blockchains
- blockchain shrinking
- decentralized exchange
- colored coins
- decentralized voting/opiniongrabber
- decentralized AM (data storage, link storage (eg torrents), encrypted messaging, ...)
- dividend payouts (all fees per block) for everyone instead of mining of the few with lots of power
- Turing capability
- smart contracts
- anonymous transactions
- SMS gateway

2. Today it was clear that the nxt community isn't sure yet, which features are the most important ones, which could be ignored in favor of other features (some exclude each other), and who the target audience is. Would it be easier if we knew plan 2 and 3 from BCNext? I don't know. But regardless of BCNext's plans, we should discuss this topic in the community: which is our target audience now, next months and in one year? Does this depend on the features we implement or does the features depend on the audience we want to tackle? The answer is clear (or is nxt just fundamental research?) That's why we should discuss this.

3. Some thoughts on some features and their implications:
- TF was and is our key ingredient in nxt. I have no clue at which state it is right now, who will develop all the core ingredients of TF (JL?) and how important it will be in one year
- bloated blockchain: although I was quite shocked about today's statements about the size of the blockchain, I see it more clearly now. First of all I think it is still bad because solar powered  RaspberryPis and AndroidTV sticks will not work for securing the nxt network in the future, IF we will get to a large TPS. The idea of thousands of raspberrypis working and securing nxt is dead. That's really sad because it was a really nice idea, especially marketing wise. Otherwise, I came to the conclusion that our chain should currently be measured with the same transaction amount as bitcoin has right now. And then, our block chain is cute and tiny.
- we are still very energy friendly, but the loss of raspberrypis in the future is a slap in the marketing face
- with lightweight clients, we are able to use nxt on every smartphone. BUT is this different and superior to BTC if we can’t actually forge with our phone? (Leasing forge power is not the same since we are not really part of the nxt network with the phone). When we implement block shrinking and parallel blockchains, we could shovel weight of the important transaction chain which means smartphones and raspberrypis could work longer for nxt (until how many TPS? I have one clue)
- SMS gateway (bounty by CfB) must be developed (eg Africa is using SMS as some sort of currency). This would be a really nice feature, especially for marketing
- do we need turing stuff? if we have the resources to develop this (i don’t want CfB to waste his energy if this is a nice, but not a must have feature or if this feature would make some other features impossible (like high TPS or no bloated blockchain)), let’s do it. it is nice marketing also.
- High and fast TPS is important for a special target audience (professionals like people relying on VISA). It was advertised big since the beginning. if we are able to keep this promise, then we must do this. or we also should look at the possibility of hight TPS if we implement other features which might interfere with hight TPS.
- anonymous transactions is a freaking HUGE opportunity. if we can tackle this, then, absolutely, let’s do it.
- decentralized exchange and colored coins are a must.
- CfB states many times that it is easy to implement new features in nxt. I am no dev and just have to believe him. It should always be easy so nxt can adapt to new ideas and technologies.

some features are implemented, some are discussed, and some are plain ideas. We should discuss where nxt is heading to get a clear view what should be implemented in the next months. We should discuss all ideas and get an overview WHO will develop which services or features. And we should make a clear distinction between service providers (which uses nxt) and nxt features (which build nxt). and we should always be aware of paradox decisions (like 1000000TPS and mini blockchain for example). Now I have no clue who is responsible for what. I have a fear that many things just don’t get done because of diffusion of responsibility (Google it). I hope i’m wrong.



Maybe I forgot many major things, but it is a starting point.

-

All the written stuff above could be total bullshit, because I'm no programmer and have difficulties to keep up with all the stuff what's going on in the nxt ecosystem.

I sincerely hope that I get some comments from devs, idea makers, marketers, ... And I hope we get a discussion started about target audience, features and what is the meaning of nxt.

Please respond (think about diffusion of responsibility if you don’t want to click “reply”).

tl;dr invest in doge.

Thanks for the great summary!

From my "average investor" point of view, I believe high and fast TPS will be the one thing that most dramatically sets Nxt apart from the competition. Once it becomes clear to the average investor that Nxt can take on not just Bitcoin, but Visa as well, this one fact will be become the main force to drive widespread adoption. This is something that everyone can understand immediately, without the need for complex explanations and examples of how it might be used in future.

Since marketing to-date has already focused on this, it should remain a top priority. At the very least, it would be good to have a system in place by April that can handle 100+ TPS with a clear roadmap of how 1000+ TPS can be achieved in the near future.  
Also, high TPS is coming with eMunue, so this is not something we can ignore if we are to remain competitive in this area:
http://forum.emunie.com/index.php/topic/226-processing-at-visa-scale/

The other advanced 2nd gen features are really cool, and some are absolutely essential, but they're harder to understand, and without high TPS and scalability there's nothing to set Nxt above all the other really cool 2nd gen cryptos that are also working on these things.

I'm currently writing an article on why you should invest in Nxt. My hope is to eventually get it published on businessinsider or some other high traffic financial news website, and powerful features that the average investor can easily digest will be like dynamite for those looking for the Nxt big thing.

[Passion_ltc]

I'm restarting my NRS on my server!!

Might be a good idea.....good luck, bro.

U upgraded yet?

Coffee time...possibly a cigarette.

I know the problem. Will fix it.

No worries, gonna go and shoot my faithful old VPS...it seems to have forked off into la-la land.
I'll hassle u in an hour or so....

In an hour I'm sleeping.

It should work now. Please just write me an email at contact@nxtarea.com if you have things. Otherwise I will catch up in about 8 hours with this thread.

[EvilDave]

Blockchain check, upgraded to 5.12, both home node and VPS are showing:


58987      14571285356259793594      woensdag 5 februari 2014 23:27:39   
      
      0      0 + 0      0 B   
      
      2      9029978802560728729      726 %   
   

   
but home node is around 6 blocks ahead.......

And my VPS seemed to fork after the 5.12 upgrade around block 56164 for some reason. I'd let it re-build the blockchain from scatch. Now i've put back the blockchain and tx files from 5.11, it seems to be on track again.

[EvilDave]

I'm restarting my NRS on my server!!

Might be a good idea.....good luck, bro.

U upgraded yet?

Coffee time...possibly a cigarette.

I know the problem. Will fix it.

No worries, gonna go and shoot my faithful old VPS...it seems to have forked off into la-la land.
I'll hassle u in an hour or so....

In an hour I'm sleeping.

It should work now. Please just write me an email at contact@nxtarea.com if you have things. Otherwise I will catch up in about 8 hours with this thread.

Don't worry about it, mate, I have no problem with waiting a while....might go to bed early for a change.
I'll be around in about 9-10 hours and we can see how it works out, theres always gonna be bugs to find.
Good job, anyhow...

BIG EDIT: Looks like it works....Vote for me!
http://nxtvote.com/vote.php

[Passion_ltc]

I don't think so. If it's wanted maybe.

what is account age and how do you measure it?

How many blocks ago there should be at least the first transaction.

And how do you measure it? I mean, if I specify 1000 I hope it's not
(last block seen when user votes - 1000)

It would be better to have something like: disallow accounts created after block X.

If you type in 1000 then there have to be atleast 1 transaction from this account at the block height the vote created - 1000 blocks.

So if you create the vote at block height 60000. Then at block height 59000 the account had to be existed already. (1 transaction)

Yea, maybe your option is easier to understand. I will implement it tomorrow.

[bithic]

One thing is for sure a Turing-Complete Nxt would have much more marketing WOW than 1000 TPS Nxt.

I think everyone can clearly see that fact with Ethereum.

You cannot be serious with this statement.  What percentage of people have even heard the phrase "Turing-Complete"?   What percentage of people hate standing around waiting for that little machine to spit out their Visa slip?

+1 rickyjames

[iruu]

BIG EDIT: Looks like it works....Vote for me!
http://nxtvote.com/vote.php

Why does voting cost 1 NXT? Why not free? 

[jl777]

I officially request that the NXTcommunityfund put out a bounty for the first person that successfully forges a block onto a simulated 300 GB NXT blockchain in a testbed setup.  Full specifications of system used and documentation of experiences in accomplishing the task required to claim the reward.

If infrastructure committee does not take care of this, i will create bounty

I like fee of .1 nxt for now, we can adjust again later

I think marketing should shift to 100 tps and this allows raspis to be useful, let moores law keep doubling our tps. Bitcoin blockchain does not gain tps with moores law, nxt does

In two years 300 gb wont seem so big

Also, nxt core is such that all cool stuff, mission critical, competitor defensive, fun and quirky, everything can be developed in parallel as long as we have the resources.

We now have nearly 1 million usd budget to be able to fund everything in parallel, plus as nxt gains value so does budget!

These are very good developments for nxt! We are discussing seious issues and ways to improve all aspects of nxt. Everyone can contribute. I am so proud to be part of NXT!!!

James

[Come-from-Beyond]

Hi CFB,

I think I've got it now. The final result;

https://i.imgur.com/FI2i3Ls.jpg

Aye, very similar to what I wanted. Tomorrow I'll find a better texture of slate, this one looks ugly.

[Fatih87SK]

Hi CFB,

I think I've got it now. The final result;

Another extra;

[iruu]

I officially request that the NXTcommunityfund put out a bounty for the first person that successfully forges a block onto a simulated 300 GB NXT blockchain in a testbed setup.  Full specifications of system used and documentation of experiences in accomplishing the task required to claim the reward.

If infrastructure committee does not take care of this, i will create bounty

I like fee of .1 nxt for now, we can adjust again later

I think marketing should shift to 100 tps and this allows raspis to be useful, let moores law keep doubling our tps. Bitcoin blockchain does not gain tps with moores law, nxt does

In two years 300 gb wont seem so big

Also, nxt core is such that all cool stuff, mission critical, competitor defensive, fun and quirky, everything can be developed in parallel as long as we have the resources.

We now have nearly 1 million usd budget to be able to fund everything in parallel, plus as nxt gains value so does budget!

These are very good developments for nxt! We are discussing seious issues and ways to improve all aspects of nxt. Everyone can contribute. I am so proud to be part of NXT!!!

James

Where did 300GB come from? That's way too much.
Nxt needs about 32GB (theoretical, unreachable maximum) for balances...

[rriky92]

Can you guys please test http://www.nxtvote.com/?

Check it out, search for bugs, for improvements and so on!


I know it's not possible to view finished votes right now. But this won't be a problem for now.

If you want i am a tester (actually at uTest)


IN ALL THE PAGE:
[Warning] Invalid CSS property declaration at: * (foundation.css, line 79)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 122)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 144)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 154)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 1668)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 2053)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 2152)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 2730)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 2777)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 2873)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 3437)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 3905)
[Warning] Invalid CSS property declaration at: * (foundation.css, line 4574)

IN HOMEPAGE:
[Error] Failed to load resource: the server responded with a status of 404 (Not Found) (favicon.ico, line 0)

IN THIS PAGE: http://nxtvote.com/view.php?vote=5363210616850572902 (all the view.php)
[Error] TypeError: 'null' is not an object (evaluating 'document.getElementById("doughnut").getContext')
   global code (view.php, line 39)

IN THIS PAGE: http://nxtvote.com/view.php?vote=1234788383141623331 (now there isn't)
Parse error: syntax error, unexpected $end in /www/htdocs/w00fc458/nxtvote/view.php on line 443  

[Come-from-Beyond]

is the "aye" from northern ireland?

It's from a girl I met in the USA. Dunno where she were from, I can't even recall her name.

[xyzzyx]

Another extra;
https://i.imgur.com/Bz6KfAv.jpg

That one!  I really like that one.