elective-stereophonic
elective-stereophonic
crypto777 - asset 13476425053110940554  
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Nxt Client: Nxt 1.11.15

Pages: 1 [2]  All

Author Topic: crypto777 - asset 13476425053110940554  (Read 10436 times)

crumb-bum

  • Sr. Member
  • ****
  • Karma: +24/-6
  • Offline Offline
  • Posts: 294
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #20 on: June 26, 2015, 11:35:18 am »

The problem with you, James, is that you don't think big enough. :)


jl777 [10:20 AM]
anybody that wants crypto777 for BTC I can do it at the current market rates as long as 1BTC or more

jl777 [10:21 AM]
there were some good questions about crypto777 monetization. With the power of crypto777, it will allow the creation of, how to call it, let us say "super assets"

jl777 [10:22 AM]
these assets will be able to be a normal coin, a normal asset, a hybrid, uses blockchain or lchain, or has very fast clock or high tx per minute, etc.

jl777 [10:23 AM]
so it will decentralize the development process of crypto networks, and currently even fully decentralized crypto are centralized via the devs

jl777 [10:24 AM]
so let us imagine 777 different crypto networks are spawned using crypto777 and the issuing fee (cash or percentage of issued/mined) is a simple monetization

jl777 [10:24 AM]
something not very noticeable to the issuer, but with hundreds of issuers, it will accumulate nicely

jl777 [10:25 AM]
and with the issuing process under user control, nothing is needed to be done and automatically the new superassets are arriving

jl777 [10:26 AM]
there are many more monetization possibilities as crypto777 is not any one dimensional thing, it is a platform agnostic technology that will allow non-coders to create custom crypto networks.

And of course all of this to be seamlessly integrated with NXT. Its not really sidechains, as I dont see a need to peg the value to NXT. Let the free market decide what each crypto777 superasset is worth and then it can be converted into and out of NXT automatic.

We want crypto to go mainstream, but what happens if it actually did?

lets say 1 billion people are using crypto. They do 10tx per day. ok, so 10 billion tx per day. This is like the biggest Ddos attack ever! any single crypto to absorb this would instantly become nonviable, even with fancy ledgerchains

The solution is to combine the NXT blockchain with something else that can handle the 10 billion tx per day. but since no single thing can handle anything close to that, we imagine that there will be thousands of private chains.

The interface between the blockchains will be much less than 10 billion tx per day and this is the territory of the decentralized exchange and also the reason I am spending so much time on InstantDEX, plus that is the killer app within the current crypto universe

James

Logged

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #21 on: June 26, 2015, 11:47:09 am »

well to be fair, we havent started the galactic expansion phase. (yet)
so have to stay with small common sense ideas

The problem with you, James, is that you don't think big enough. :)


jl777 [10:20 AM]
anybody that wants crypto777 for BTC I can do it at the current market rates as long as 1BTC or more

jl777 [10:21 AM]
there were some good questions about crypto777 monetization. With the power of crypto777, it will allow the creation of, how to call it, let us say "super assets"

jl777 [10:22 AM]
these assets will be able to be a normal coin, a normal asset, a hybrid, uses blockchain or lchain, or has very fast clock or high tx per minute, etc.

jl777 [10:23 AM]
so it will decentralize the development process of crypto networks, and currently even fully decentralized crypto are centralized via the devs

jl777 [10:24 AM]
so let us imagine 777 different crypto networks are spawned using crypto777 and the issuing fee (cash or percentage of issued/mined) is a simple monetization

jl777 [10:24 AM]
something not very noticeable to the issuer, but with hundreds of issuers, it will accumulate nicely

jl777 [10:25 AM]
and with the issuing process under user control, nothing is needed to be done and automatically the new superassets are arriving

jl777 [10:26 AM]
there are many more monetization possibilities as crypto777 is not any one dimensional thing, it is a platform agnostic technology that will allow non-coders to create custom crypto networks.

And of course all of this to be seamlessly integrated with NXT. Its not really sidechains, as I dont see a need to peg the value to NXT. Let the free market decide what each crypto777 superasset is worth and then it can be converted into and out of NXT automatic.

We want crypto to go mainstream, but what happens if it actually did?

lets say 1 billion people are using crypto. They do 10tx per day. ok, so 10 billion tx per day. This is like the biggest Ddos attack ever! any single crypto to absorb this would instantly become nonviable, even with fancy ledgerchains

The solution is to combine the NXT blockchain with something else that can handle the 10 billion tx per day. but since no single thing can handle anything close to that, we imagine that there will be thousands of private chains.

The interface between the blockchains will be much less than 10 billion tx per day and this is the territory of the decentralized exchange and also the reason I am spending so much time on InstantDEX, plus that is the killer app within the current crypto universe

James

Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

Nxtblg

  • Sr. Member
  • ****
  • Karma: +43/-8
  • Offline Offline
  • Posts: 326
  • Old-timer, who has the ouch-chain to prove it
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #22 on: June 26, 2015, 03:25:17 pm »

The problem with you, James, is that you don't think big enough. :)

Oh yah, creating fintech's answer to Java is way too small. :P
Logged
In another universe, I would have stuck to blogging...

Kevinrasf

  • Jr. Member
  • **
  • Karma: +7/-11
  • Offline Offline
  • Posts: 66
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #23 on: July 28, 2015, 06:37:35 pm »

So much interesting Assets.

Cant keep up :P
Logged
NXT AE Based Maffia Web-Browser Game : Ref Link http://www.nxtmafia.com/register/Nerfstorm
Crypto Coin Enthousiast

LibertyNow

  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: crypto777 - asset 13476425053110940554
« Reply #24 on: December 14, 2015, 03:09:41 pm »

Any news on this project?
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

xiahui135

  • Full Member
  • ***
  • Karma: +15/-11
  • Offline Offline
  • Posts: 150
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #25 on: May 27, 2016, 02:26:51 pm »

when will the project be developed? after InstantDex?
Logged

PondSea

  • Jr. Member
  • **
  • Karma: +12/-14
  • Offline Offline
  • Posts: 82
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #26 on: May 30, 2016, 03:12:38 am »

iguana is cyrpto777 tech. It is nearing beta.
Logged

eclips

  • Jr. Member
  • **
  • Karma: +0/-0
  • Offline Offline
  • Posts: 38
    • View Profile
Re: crypto777 - asset 13476425053110940554
« Reply #27 on: July 08, 2016, 11:49:50 am »

can you add this asset on coinmarketcap ?
http://coinmarketcap.com/exchanges/nxt-asset-exchange/
thx
Logged
Pages: 1 [2]  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly