NXT :: descendant of Bitcoin - Updated Information

[ChuckOne]

Uhm, what's the point of quoting papers from the 90's?

It's when all the *cool stuff happened*.  

I totally agree.

[VanBreuk]

For now, riddle me this, Batman.  Say we do get 1000 TPS using binary instead of JSON on a 1 Megabit per second line (and everybody who used to forge NXT a smartphone or Raspberry are pissed cause they've been cut out of the picture as slowpoke slackers).  That implies each transaction is now 128 bytes so the NXT blockchain is growing at a minimum of a megabyte every 8 seconds.  This is a gigabyte every 8000 seconds or roughly every  2 hours 15 minutes.   That's a NXT blockchain that is growing 10 gigabytes PER DAY.  The Bitcoin blockchain is currenly called "bloated" and "hard to manage" at 16 gigabytes after FIVE YEARS.

So...what's the secret sauce to deal with NXT blockchain bloat of 10GB per day?  I've read that our mini-blockchain can be "pruned" altho I believe I've seen that's to be a future capability.  I also seem to recall that "pruning" would only need to be done annually.  I ALSO seem to recall (I'm doing a lot of recalling) that the whole pruning concept was to get rid of historical transaction data.  The pruning was to reset the blockchain in a cryptographically verifiable manner and say that "everybody's balances are now so-and-so at such-and-such a timestamp" and dump from the blockchain all of the historical transactions supporting that conclusion.  

1000TPS for NXT requires something bordering on Harry Potter level magic.  Is BCNext saying he's figured out how to PRUNE THE BLOCKCHAIN TO USER BALANCE INFO ONLY...IN REAL TIME?

+1

I would also like to see some elaboration about this. I have to sweep it under the carpet when I go to bed at night, and I'd like to know what I'm missing, unless it's up someone's sleeve for a very good reason, and even so...

[rickyjames]

One final note.  For the record, I am placing a backup copy of the password to the NXTcommunityfund into a stamped postal envelope addressed to James, and placing this envelope in my bank safe deposit box.  Just in case.  Because you never know...

You better be paying attention folks... there is more education in that statement than most of us got in school University!!!    

It is said that humans are the only animal aware of their own mortality.  Most aren't.

[ChuckOne]

Total Voters:  230  

Are we sure this thing is reliable?..

Nope. A lot of cheating, in last 15 minutes about 100+ votes!!:|

It's about time to have this voting system up and running.

[Coinonaer]

can we at least come to consensus on this: use some of the fund to extend or reinstate cfb's contract if he agrees. + this if you agree


@CFB are you open to this?

...great idea. Also use some founds for CFB to finish Lakshmi [LAK]

[Damelon]

quest for Dutch people:
https://twitter.com/TheWhoNL/status/430025559209701377

Who is  Ron van Raften  and where did he support us as a long therm?

Bullshit message and troll.
As far as I can see Ron van Raften is some kind of shady therapist.
Probably an inside joke.

Kids, eh?

[jl777]

Anybody running a NXT exchange interested in becoming the FIRST exchange for XCP?
Currently XCP is in the same situation NXT was right after genesis, they need an exchange XCP/BTC and XCP/NXT

[rickyjames]

Speaking of upcoming conference in Austin, since I live here I can order t-shirts for attendants and meet them before the conference. Do we have a list of people who are going to Austin so I can contact them to have their sizes? I can also print other stuff like business cards, flyers etc.

I want to get both business cards and flyers printed for Austin but I wanted to see what got made for Berlin first.  I am really interested in a black NXT T shirt but if I'm speaking I may wear something a little more formal.  I have posted my hotel and flight info in previous posts and would love to have a meet up with you and anybody else that comes on Tues night before the conference.  

[Isildur23]

can we at least come to consensus on this: use some of the fund to extend or reinstate cfb's contract if he agrees. + this if you agree


@CFB are you open to this?

+1!

[NxtChg]

It's Sunday, so I am entitled to one funny picture:

[nexern]

Uhm, what's the point of quoting papers from the 90's?

It's when all the *cool stuff happened*.  

I totally agree.

and me too 

[Eadeqa]

Announcing:  NEX

Visit the website at:  http://www.nexcoin.net 

Thank you!

Funny nowhere on the site I saw you mentioned Nxt whose source code you will use to launch your version.

Thar says a lot about your credibility.

[xyzzyx]

can we at least come to consensus on this: use some of the fund to extend or reinstate cfb's contract if he agrees. + this if you agree


@CFB are you open to this?

...great idea. Also use some founds for CFB to finish Lakshmi [LAK]

http://www.youtube.com/watch?v=SYgWHwMm9Uo#t=0m40s

[EvilDave]

Speaking of upcoming conference in Austin, since I live here I can order t-shirts for attendants and meet them before the conference. Do we have a list of people who are going to Austin so I can contact them to have their sizes? I can also print other stuff like business cards, flyers etc.

I want to get both business cards and flyers printed for Austin but I wanted to see what got made for Berlin first.  I am really interested in a black NXT T shirt but if I'm speaking I may wear something a little more formal.  I have posted my hotel and flight info in previous posts and would love to have a meet up with you and anybody else that comes on Tues night before the conference.  

I believe that admiral.fu was sorting out the t-shirts for Berlin.

[EvilDave]

Announcing:  NEX

Visit the website at:  http://www.nexcoin.net 

Thank you!

Funny nowhere on the site I saw you mentioned Nxt whose source code you will use to launch your version.

Thar says a lot about your credibility.

Dude, FC is so yesterday, lets get some work done, maybe we can bait him a bit later....

[opticalcarrier]

Anybody running a NXT exchange interested in becoming the FIRST exchange for XCP?
Currently XCP is in the same situation NXT was right after genesis, they need an exchange XCP/BTC and XCP/NXT

wow this is really good news...  i hope someone steps up BEFORE they get listed on a BTC/LTC exchange

[rickyjames]

@ Salscaz:

OBJECTIVE METRICS == Number of Tweets mentioning Nxt...per. day after the marketing effort. etc

you can build on this easily per. week.....per region.....very objective.

EDIT: Did the tweets spike up in southern California region after the LTB radio show?  we can track this for the next episode.

In marketing, the baseline metric is CPM.  Period.  Any marketing proposal that doesn't include CPM as a fact to consider isn't worth looking at.  I understand marking is full of appeals to emotion and has a social dynamic that is impossible to quantify.  In some situations, those are indeed the overriding factor.  However, as long as marketing is paid for by money / NXT, then CPM  has got to be included explicitly and up front as a factor to consider.

http://adzerk.com/blog/2011/08/what-does-cpm-mean-and-what-can-i-expect

http://www.allbusiness.com/marketing/advertising-internet-advertising/2646-1.html

I'm not trying to be critical of you, Salsacz, but the more I read about the audio spot campaign of yours the less likely I would have been to approve it.  You paid a very high CPM of $75 for one minute of audio to be on a show where nobody from NXT showed up to sit FOR FREE on an invitational discussion panel that was a highlight of the show, a show that is willing to have us FOR FREE to be the SOLE highlight of the show in a future episode.  You have committed to not just the one audio spot but THREE MONTHS / 13 of such spots with them before even getting all of the NXT to pay for it lined up or quantifying the impact your first spot had to see if more were worth it.  You do not have a campaign plan outlining what is to be presented in the 13 spots as a whole.  Now you are asking for donations to complete the payments for the final month of expensive commitments you have already made.

Just what percentage of the total NXT advertising budget IS this $20,000+ audio campaign, anyhow?

[ChuckOne]

 
1000TPS for NXT requires something bordering on Harry Potter level magic.  Is BCNext saying he's figured out how to PRUNE THE BLOCKCHAIN TO USER BALANCE INFO ONLY...IN REAL TIME?

If I am not mistaken... there is a solution to this problem with Service Providers in the picture.   

Looks like http://qubic.boards.net/

After some questions to CfB, it seems plausible to me.

The only missing part are some stochastic proofs and formulas. I look forward to them.

[bitcoinpaul]

[NXT] Community nominations to the funding committee
https://asktom.cf/index.php?topic=445209.0

[NXT] Quick Poll for Conference Funding
https://asktom.cf/index.php?topic=445338.0

[Damelon]

It's Sunday, so I am entitled to one funny picture:

After seeing you guys talk, this is more my impression of your world



(Sunday, you can't touch me!)