NXT :: descendant of Bitcoin - Updated Information

[Passion_ltc]

C-f-B:

Question about developers:

Jean-Luc: Core developer
C-f-B: Bugfixing, API
BCnext: Adding new features (he is still active, right?)

[bitcoinpaul]

A shame. I extra bought a raspi a few weeks ago. Any idea for other Nxt purposes?

Master Chain could be easily forged on RasPi. Estimated growth rate is 3 KiB a day. Master Chain will be the most important chain.

Is there a post with more information on the Master Chain?

No, only rumors. This is one of the unrevealed ideas of BCNext.

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.

It seems one of BCNext plans tackles this stuff?

[Come-from-Beyond]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

[bitcoinpaul]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

What did I miss?

[Passion_ltc]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

How? We need a wikipedia entry about each idea. There we can work on it together.

[xyzzyx]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

I would love to review his ideas.  I just don't know what they are.

[Come-from-Beyond]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

How? We need a wikipedia entry about each idea. There we can work on it together.

U don't need wiki. Generate ur own ideas, and implement them.

[okaynow]

0.25   Passion_ltc
0.01   landomata
0.1   CIYAM Open
0.1   longzai1988
0.1   LiQio
0.1   pinarello
0.01   minusbalancer
0.1   TwinWinNerD
0.1   BitcoinForumator
0.1   grex
0.1   bitcoinpaul
0.01   smaragda
0.01   mthcl
0.05   Jack Needles
0.1   gimre
0.001   Intel
0.01   Hegemon
0.1   lyynx
0.1   voldemort628
0.01   Ezravdb
0.1   Noltev
0.01   fmiboy
0.1   bidjl29
0.1   abuelau
0.1   seek4dream
0.1   wesleyh
0.1   achimsmile
0.1   Sebastien256
0.01  rriky92

FYI, compiling votes.  Here's what I've got from the thread so far.  Some not explicit (ie: +1 comment) taken as valid vote.

(Average = 0.0752)

0.001 Lets trickle them fees down.

Faster adoption will compensate for lower income, it is early enough for this.
We can hardly organise now, if there was an uprise on the price and the fees are high, we will kill it on our own.
We should not wait like bitcoiners for the price to rise.

[bitcoinpaul]

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

Maybe a misunderstanding. Do you mean "review his ideas" or "review ideas of community"?

edit: I get it. You talk about the general Nxt-idea. The rest is upon us - right?

[Come-from-Beyond]

I would love to review his ideas.  I just don't know what they are.

Start with Transparent mining, or What makes Nxt a 2nd generation currency and extend it or find flaws and fix them.

[salsacz]

Bump for Eurozone

Articles writing updates - some topics were assigned in last days (open bounty is up to 3.000 Nxt/good long article)

- Why is pure Proof of Stake in Nxt best solution for cryptocurrencies?

- How can you mine Nxt only with solar energy?

- How could decentralized exchanges change the world? (no Government, no censorship, USA, China...) - + decentralized messaging, DNS

- The 51% Attack - technical details, history of 51% attacks, how it ended, Nxt solution (is Nxt safer than other PoS currencies?) (Ghash's pool is risking Bitcoin's security again with 40% of the network's hashpower and no one is talking about it. Pools of PoW machines with enormous hashpower is Bitcoin's most pressing concern and biggest flaw right now. Nextcoin is the best answer to this. Why is it not being talked about more?)
- Zahlen

- Nxt: gaming friendly currency (vs. Litecoin, a graphic cards killer) - Due to Litecoin's difficulty skyrocketing there is a global shortage of Graphic Cards, which piss off gamers tremendously and drive up the price for grahics cards. NXT solves this. (Uniqueorn's idea, maybe reserved for him..?)

- Nxt + Raspberry (+other similar platforms (Cubietruck)) (can be different articles, also short articles) (0 energy  forging package)

- Transparent Forging (very very technical, history of mining, comparisons)

Shorter articles/essays:

- Why should you invest in Nxt? (/Why should you invest in Nxt long term?)
- bithic
- Damelon
- many free spots

- Why is Nxt so friendly currency?: (i) It *doesn't* have VC capital backing. ii) It *doesn't* have "slick sales guys*. iii) It *does* have smart devs and an increasing following.  iv) It *is* delivering its promises (more or less) on time.) - more about the community, people form all over the world, community funding, decentralized company - a world of free individuals who all believe in Nxt. 1500 pages in Bitcointalk
- bithic

- How Nxt changed my life


Future (short) articles: (now it's to soon):

- Who accepts Nxt as a payment? (+ fee in Nxt vs. Bitcoin vs. fiat (VISA))
- Nxt invites altcoins to host on it's blockchain
- Can be a new internet stored on Nxt's blockchain / DNS system?
- Nxt clients: Damelon

Have you got any idea about some other article? Share it. We would love to have more scientific articles, financial, economical, IT...

Discussion in Topic: Nxt marketing & promotion
https://bitcointalk.org/index.php?topic=412243.0

[Come-from-Beyond]

edit: I get it. You talk about the general Nxt-idea. The rest is upon us - right?

Not only general idea. I leaked a lot of hints, use them.

[rriky92]

I can mine bitcoin with raspberry but I can not forge nxt? it's disappointing

[Passion_ltc]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

How? We need a wikipedia entry about each idea. There we can work on it together.

U don't need wiki. Generate ur own ideas, and implement them.

Is it possible to implement them like modules? Otherwise it wouldn't be possible right now.

1.) No full source code
2.) Jean-Luc already is working on a 0.6er and 0.7er branch. We would have to negotiate with him adding our features.


Also a wiki entry is pretty important in my opinion. Distributed workload is much better. But if there are some crypto geniuses they should come forth.

[bitcoinpaul]

Is it possible to implement them like modules? Otherwise it wouldn't be possible right now.

1.) No full source code
2.) Jean-Luc already is working on a 0.6er and 0.7er branch. We would have to negotiate with him adding our features.


Also a wiki entry is pretty important in my opinion. Distributed workload is much better. But if there are some crypto geniuses they should come forth.

I don't see a problem here.

We should focus on idea creating and reviewing.

[bitcoinpaul]

I can mine bitcoin with raspberry but I can not forge nxt? it's disappointing

Not right now. In the future, it seems, it will be possible again.

[podyx]

Can anyone explain how i send nxt to solaris wallet??

[CIYAM]

Not only general idea. I leaked a lot of hints, use them.

Perhaps we aren't all as keen on the puzzles (generally I am - but perhaps like some others am just getting "tired" trying to keep up with this topic).

Personally I think that 100 TPS, a max. size limited blockchain and being able to do atomic cross-chain transfers (i.e. a trust-less P2P crypto-currency market) would be about the most relevant features to differentiate against other competitors.

[Come-from-Beyond]

Envy trolls strike back - http://cryptofuture.wordpress.com/2014/02/06/nxt-centralization-fixed-transactions/ 

WARNING, very high density of nonsense!

[Come-from-Beyond]

It seems one of BCNext plans tackles this stuff?

Yes, but he is upset that community doesn't wish to review and develop his ideas. Anon136 is the only one who does.

How? We need a wikipedia entry about each idea. There we can work on it together.

U don't need wiki. Generate ur own ideas, and implement them.

Is it possible to implement them like modules? Otherwise it wouldn't be possible right now.

1.) No full source code
2.) Jean-Luc already is working on a 0.6er and 0.7er branch. We would have to negotiate with him adding our features.


Also a wiki entry is pretty important in my opinion. Distributed workload is much better. But if there are some crypto geniuses they should come forth.

In April NRS source code will become completely public.