NXT :: descendant of Bitcoin - Updated Information

[landomata]

These are all ideas which could be discussed in the community. Where is the voting thread? I think there are not enough options to discuss. Let us first discuss, which can be done. Not in detail, just some roughly points.

edit: There it is https://asktom.cf/index.php?topic=423241.20
edit: And https://asktom.cf/index.php?topic=418695.0

The community has spoken thru their votes....also 3 million was earmarked for Marketing Fund....so I think around 8.5 million nxt is left.

[Bitventurer]

Can you believe more bounty money for developers?

Well its true, there is a 7.5 BTC + 1700 XCP bounty (that continues to grow) for an Desktop GUI client.

Details are: https://asktom.cf/index.php?topic=430998.0

I think this could provide nice additional funding for client developers. XCP is the only other crypto community that I have found is open to cooperating and I like that.

James

P.S. XCP is very slow thread, only 88 pages so you can catch up to it in less than a day https://asktom.cf/index.php?topic=395761.0

can I still burn a XBT for XCP ?

[utopianfuture]

These are all ideas which could be discussed in the community. Where is the voting thread? I think there are not enough options to discuss. Let us first discuss, which can be done. Not in detail, just some roughly points.

edit: There it is https://asktom.cf/index.php?topic=423241.20
edit: And https://asktom.cf/index.php?topic=418695.0

The community has spoken....also 3 million was earmarked for Marketing Fund....so I think around 8.5 million nxt is left.



[/quote]

Let's kick of the nominations for funding committee process. Then we could vote for funding committee members. The sooner we can get that done, the faster we can have the money running to where it is needed.

[nexern]

CfB can offer a minimum bound on bandwidth required for 1000 TPS (1 MBS) but can't say how many NXT service nodes that can handle the full blockchain are required.

I forgot about a very important detail. 1000 tps @ 1 Mbps assumes that we use binary protocol. Now all data in protocol is encoded in JSON, this adds 3x-5x overhead.

We have to migrate to binary protocol before switching TF on.

I guess after the migration that the API as we know it now would cease to exist?  If so, how about if we did switch to full TF, but kept JSON transport?  Obviously we couldnt expect 1Mtps then, but could we expect 200Ktps?

If so that should sustain us well long enough to get a testbed setup to convert peerexplorer, block explorers, and custom clients over to a binary transport protocol.

@CfB & Client Devs: I was seriously considering putting the requests sent to the NRS into a separate thread in order not to block the GUI while it is under way. With MANY requests passing back and forth, this can be a real problem, when the GUI seems unresponsive!

Do you guys use a separate NRS-request Thread?  And is this still neccessary when the legacy thing CfB mentioned is droppped?

hi l8orre, initialisation and sending funds are sync, updates while runnning async.
data is completely memory buffered without the need to buy latency via a disk based
database approach. closing the client writes a compressed runtime-image to disk
and loads it in one call to memory when started again. this structure removes problems
with orphaned blocks and not updated transaction confirmations, because the whole
account structure is updated, not incremental but complete. an average account
is loading/updating in 15-30 sec. this way. fast enough even with upcoming lesser block
creation time.

ps: iirc you are using python, just throw the json into a collection during runtime and dump
the collection serialized to disk. it's like a mini redis. superfast robust and easy to handle.
the lastest api improvements removed the need parsing raw blocks and transactions and
you can run an http/https async loop to update the structure in complete without the
need to care about timers and race conditions.

[landomata]

                        NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

Members: 7 Maximum

[Damelon]

These are all ideas which could be discussed in the community. Where is the voting thread? Maybe there are not enough options to discuss. Let us first discuss, which can be done. Not in detail, just some roughly points.

edit: There it is https://asktom.cf/index.php?topic=423241.20
edit: And https://asktom.cf/index.php?topic=418695.0

Don't make me scream and cry!

But yes, the community has already spoken.

[ChuckOne]

What does that mean? Is the binary format already in use?

0.2.x versions worked with binary format. Now peer communication is done with JSON format.

Ah, I see.

Still, I strongly advice you to add another layer (compression whatever) instead of using a binary format.

From an engineering point of view, it's proven to be more reliable, secure and flexible. Especially when it comes to something sensitive like a currency system, please do not sacrifice security in favor of cool speed. I could live with 700TPS as well. Layers underneath NXT will evolve further and will eventually provide speed-ups in the future.

[bitcoinpaul]

                       NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

member: 7 Maximum

Sorry, what? A feature committee?

We need a committee of trustworthy people like Anon and co (we had a list somewhere, or a suggestion). They get the NXT, they make the voting panels for bounties, they transfer the NXT.

[landomata]

                       NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

member: 7 Maximum

Sorry, what? A feature committee?

Nxt features.....multisig, service providers, decentralized auction, etc.


EDIT: sorry I meant subcommittee....like marketing committee...etc.


or we can have one big committee and they can divided it up as they see fit.

[CIYAM]

Still, I strongly advice you to add another layer (compression whatever) instead of using a binary format.

I would agree that using, say, zlib style compression would be a better idea as it would allow for more TPS than the current JSON but would not be as tricky (i.e. stuff like "endian") as binary.

I think 1000+ TPS is the eventual goal - but hey Bitcoin doesn't even do its currently max. 7 TPS at the moment (so no great hurry to get there). Even 100 TPS would put Nxt well ahead of the pack.

[gs02xzz]

I am the only one guy who created a list of conferences, who created a list of people of conferences, who is constantly inviting people to the conferences and also who was trying to start to get the funding for the conferences.

Keep up to good work....just try to develop an objective way for the community to judge the results of the spending. (accounts created, Nxt mentions in media, Google searches. etc.)

This is normal practice for  any marketing department when they have to report to management.

Everything is being reported https://asktom.cf/index.php?topic=412243.440
Everybody is encouraged to help.

Metrics are a good idea, but it is not exactly easy to create a direct correlation of any single expenditure to a specific account creation.

Now advertising is directly measurable, but the NXT community clearly rejected that.

Marketing and PR take time. It is both qualitative and quantitative.

I, personally, am impressed with what the marketing team has achieved. Let us not be such micromanagers of an area that might be outside our expertise.

Does anybody have serious issues about the quality of the Marketing? If so, please help improve it. We need Marketing/PR

James

+1. We have partnered with more exchanges, have articles on the major btc medias, coin desk and the magazine, accessed to the major radio talk show, access to major trade shows, create more educational materials, treads on the social network, more new nxters coming, ......... All this actions have direct positive impact on NXT's price. Marketing and sales are doing a great work.

[Passion_ltc]

                       NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

member: 7 Maximum

Sorry, what? A feature committee?

We need a committee of trustworthy people like Anon and co (we had a list somewhere, or a suggestion). They get the NXT, they make the voting panels for bounties, they transfer the NXT.

Yes, this!

Let's choose 10 members and each one gets the same amount of NXT. They can distribute them freely, but they are connected somehow. Also they have to act like the community wants.

[bitcoinpaul]

                       NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

member: 7 Maximum

Sorry, what? A feature committee?

Nxt features.....multisig, service providers, decentralized auction, etc.


EDIT: sorry I meant subcommittee....like marketing committee...etc.


or we can have one big committee and they can divided it up as they see fit.

Ok, thanks for clarification. We should stick to one committee for this 10 Mio NXT which makes the polls etc.

Don't get into freaking detail and blah for this. Let us discuss, which people should be in it.
The committee gets the NXT, they do the polls. It is not THE committee for Nxt, it is one lousy committee for 10 Mio NXT. Don't freak out on that and let's do it.

We have brilliant and trustworthy people here. If they fuck up, well, then bye bye 10 Mio. NXT. But that's it. Better than babbling till April and CfB throws the NXT away.

[pinarello]

can owner of account 2537603335500006326 contact me please?

thank you
Pin

[Come-from-Beyond]

We have brilliant and trustworthy people here. If they fuck up, well, then bye bye 10 Mio. NXT. But that's it. Better than babbling till April and CfB throws the NXT away.

More core features on the way, it means more bounties. I'll be paying bounties/rewards until u come to the consensus or April comes. Longer u decide - less u get in the end.

[Damelon]

                       NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

member: 7 Maximum

Sorry, what? A feature committee?

Nxt features.....multisig, service providers, decentralized auction, etc.


EDIT: sorry I meant subcommittee....like marketing committee...etc.


or we can have one big committee and they can divided it up as they see fit.

Ok, thanks for clarification. We should stick to one committee for this 10 Mio NXT which makes the polls etc.

Don't get into freaking detail and blah for this. Let us discuss, which people should be in it.
The committee gets the NXT, they do the polls. It is not THE committee for Nxt, it is one lousy committee for 10 Mio NXT. Don't freak out on that and let's do it.

We have brilliant and trustworthy people here. If they fuck up, well, then bye bye 10 Mio. NXT. But that's it. Better than babbling till April and CfB throws the NXT away.

Yes, please. The committee decided and acts. If it goes balls up, I'd rather have it that they tried than that we lose the 10 Mil because we couldn't even decide.
Sometimes you just have to JUMP in the knowledge that you can trust some people. Delegated authority etc.

Edit: We lose the 10 Mil anyway. Might as well be in spending than in meaningless destruction.

[bitcoinpaul]

Ok, thanks for clarification. We should stick to one committee for this 10 Mio NXT which makes the polls etc.

Don't get into freaking detail and blah for this. Let us discuss, which people should be in it.
The committee gets the NXT, they do the polls. It is not THE committee for Nxt, it is one lousy committee for 10 Mio NXT. Don't freak out on that and let's do it.

We have brilliant and trustworthy people here. If they fuck up, well, then bye bye 10 Mio. NXT. But that's it. Better than babbling till April and CfB throws the NXT away.

Yes, please. The committee decided and acts. If it goes balls up, I'd rather have it that they tried than that we lose the 10 Mil because we couldn't even decide.
Sometimes you just have to JUMP in the knowledge that you can trust some people. Delegated authority etc.

Edit: We lose the 10 Mil anyway. Might as well be in spending than in meaningless destruction.

Exactly what I mean.

Now let's discuss, who should be in the committee. Has anybody a link to the postings where some people were suggested?

[bitcoinpaul]

We have brilliant and trustworthy people here. If they fuck up, well, then bye bye 10 Mio. NXT. But that's it. Better than babbling till April and CfB throws the NXT away.

More core features on the way, it means more bounties. I'll be paying bounties/rewards until u come to the consensus or April comes. Longer u decide - less u get in the end.

I like it. You can't annoy me with it

[gimre]

Still, I strongly advice you to add another layer (compression whatever) instead of using a binary format.

I would agree that using, say, zlib style compression would be a better idea as it would allow for more TPS than the current JSON but would not be as tricky (i.e. stuff like "endian") as binary.

I think 1000+ TPS is the eventual goal - but hey Bitcoin doesn't even do its currently max. 7 TPS at the moment (so no great hurry to get there). Even 100 TPS would put Nxt well ahead of the pack.

Actually using ZLIB might not be the best idea, better would be something that's faster.
I'd go with LZ4. There's also lzturbo, but, lz4 has format that might be nicer for "small devices" (raspis & Co.)

And ChuckOne is right, binary protocol equals problems

[utopianfuture]

                       NXT FEATURE DEVELOPMENT COMMITTEE:

This committee will be tasked with determining and implementing the most requested Nxt features.


Budget: 3 million Nxt

member: 7 Maximum

Sorry, what? A feature committee?

Nxt features.....multisig, service providers, decentralized auction, etc.


EDIT: sorry I meant subcommittee....like marketing committee...etc.


or we can have one big committee and they can divided it up as they see fit.

Ok, thanks for clarification. We should stick to one committee for this 10 Mio NXT which makes the polls etc.

Don't get into freaking detail and blah for this. Let us discuss, which people should be in it.
The committee gets the NXT, they do the polls. It is not THE committee for Nxt, it is one lousy committee for 10 Mio NXT. Don't freak out on that and let's do it.

We have brilliant and trustworthy people here. If they fuck up, well, then bye bye 10 Mio. NXT. But that's it. Better than babbling till April and CfB throws the NXT away.

Since the funding issue is heating up again, I continue with my earlier initiatives and start a nomination thread here. Go there and nominate people you want to be on the funding committee https://asktom.cf/index.php?topic=445209.msg4892772#msg4892772