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Do you think scalability is an important problem to solve for the coming year singapore
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Author Topic: Do you think scalability is an important problem to solve for the coming year  (Read 3333 times)

websioux

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Marc opened a Nxt poll with this topic : https://www.mynxt.info/poll/3510133375396421772

But I think a poll without a thread does not offer the right answer, because of nuances in interpretation and a potential lack of discussion around the question So here is one..

And here is what I think :
It is not important if we do not have scalability solved in the coming year, but I DO FEEL VERY IMPORTANT that a credible/feasible solution is being developed at a protocol level.
So I will vote no, but that does not mean I consider no effort should be made at all on the subject. A lot of effort, from many people have now already been made.

Now your turn guys !
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lurker10

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1) Yes, Nxt 2.0 must happen, scalability is important.

2) IPO, not for fNXT, not for the default NXT sidechain.

3) If IPO has to happen, have the coins funded by IPO distributed to the investors of the second sidechain. Give it a different name. Problem of funding solved, problem of the original NXT not losing store of value is solved.
« Last Edit: March 31, 2016, 09:52:21 am by lurker10 »
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farl4bit

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Yes, scalability is important. Maybe we don't need it now, but we need to be ahead of the competition. What if another coin will start this, they will have an advantage. Bitcoin is divided in opinions about blockchain bloat the last year. So there is a problem and Nxt can solve this. Why leave this opportunity stay in the fridge?

Imagine big businesses want to launch a childchain or use the Nxt platform for big usage. They will sure check if Nxt is capable for many transactions. We need to deliver!  :)
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Marc De Mesel

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Marc opened a Nxt poll with this topic : https://www.mynxt.info/poll/3510133375396421772

But I think a poll without a thread does not offer the right answer, because of nuances in interpretation and a potential lack of discussion around the question So here is one..

And here is what I think :
It is not important if we do not have scalability solved in the coming year, but I DO FEEL VERY IMPORTANT that a credible/feasible solution is being developed at a protocol level.
So I will vote no, but that does not mean I consider no effort should be made at all on the subject. A lot of effort, from many people have now already been made.

Now your turn guys !

Good point websioux, it could be the best solution indeed, but I'd like also to see if other solutions are possible.

But in any case, I think the focus is wrong. We don't have a scalability problem, we have an adoption problem we need to focus on, and only after we succeed in solving this, we can focus on scaling.

farl4bit

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We don't have a scalability problem, we have an adoption problem we need to focus on, and only after we succeed in solving this, we can focus on scaling.

We don't have a scalability problem, but Bitcoin does. So there is a problem in the crypto world and we can solve that. In your video you said we need to step into opportunities and give a solution to a problem. Isn't that what Nxt 2.0 is designed for?
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remix

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Scalability is a reasonable problem for the devs to work on. There might be only 100 cryptocurrency core programmers in the world, but there are millions of user interface programmers. New clients etc. can be built by a much larger group of people. The Nxt devs can concentrate on the area where they can have the biggest impact and knowledge not shared by mainstream programmers.

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MrCluster87

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Go on with the scalability issue: https://youtu.be/r7GVVk8v2Ik?t=9m2s

We need to keep innovating.

farl4bit

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Go on with the scalability issue: https://youtu.be/r7GVVk8v2Ik?t=9m2s

We need to keep innovating.

There it is!  :)
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Riker

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Go on with the scalability issue: https://youtu.be/r7GVVk8v2Ik?t=9m2s

We need to keep innovating.

Exactly !
Every software company that I worked for always had two levels of products:
(1) Mature and stable products which generate most of the revenue. These were still developed and maintain to some degree.
(2) Next generation innovative products which included high risk unproven technology.

There is always some tension between the team who maintain (1) and the team that develops (2) and there are always conflicts over limited resources.
However in almost every case the team working on the new tech (2) is getting more of the companies' resources and the team working on (1) is gradually getting smaller or migrate to work on (2).

The reason is, that potential investors that look from outside on Software companies know that software is a fast moving target, today's successful business can be obsolete a year from now. So it is crucial for a software company to continue to innovate no matter what, even if this involves high risk.

The analogy for NXT is that we cannot stagnate on NXT 1.x and we cannot focus all our resources on a single feature, which happens to be somewhat successful at the moment like AE.
We have to become a one stop shop for blockchain applications and for this we have to be able to scale.

Here is my vision: "NXT a one stop shop for decentralized applications"
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Marc De Mesel

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Go on with the scalability issue: https://youtu.be/r7GVVk8v2Ik?t=9m2s

We need to keep innovating.

Exactly !
Every software company that I worked for always had two levels of products:
(1) Mature and stable products which generate most of the revenue. These were still developed and maintain to some degree.
(2) Next generation innovative products which included high risk unproven technology.

There is always some tension between the team who maintain (1) and the team that develops (2) and there are always conflicts over limited resources.
However in almost every case the team working on the new tech (2) is getting more of the companies' resources and the team working on (1) is gradually getting smaller or migrate to work on (2).

The reason is, that potential investors that look from outside on Software companies know that software is a fast moving target, today's successful business can be obsolete a year from now. So it is crucial for a software company to continue to innovate no matter what, even if this involves high risk.

The analogy for NXT is that we cannot stagnate on NXT 1.x and we cannot focus all our resources on a single feature, which happens to be somewhat successful at the moment like AE.
We have to become a one stop shop for blockchain applications and for this we have to be able to scale.

Here is my vision: "NXT a one stop shop for decentralized applications"

Thanks Lior, great to get your vision as well, replied here

MrCluster87

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Oh, my...maybe we are too late:

Ethereum founder: Now we can scale the system: http://www.coinfox.info/news/5171-ethereum-founder-now-we-can-scale-the-system

Damelon

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We're not too late.

There are always several solutions to a problem, and Ethereum's is just one possibility.

However, in reply to the question raised in this thread: YES, three times YES!

I dare you to go talk to any one business with a business plan that spans more than a year and they will ask this question in the first half hour of you sitting down with them.

Of course it's important! How is any business going to work with a platform that would be stuck with 4,25 tx per seconds and DIDN'T have a plan to upgrade that?

Businesses understand that in the now we can't, but they have no use for a system that doesn't address this crucial question.
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websioux

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Businesses understand that in the now we can't, but they have no use for a system that doesn't address this crucial question.

That's why having a solid plan is important. And is is sufficient because investing upfront solving their problem without them participating or signing a solid contract is much too naive.

At 4T/s we already have sufficient activity to get the team sponsored / crowdfunded to achieve or auction/deliver the 2.0 plan.
4T/s is 345600 T/day or 10 000 000 nxt in transaction fee per month flowing around. 120 000 000 nxt per year, so forging gives 12% annual return !
Guess the coin price if it can be maintained at that level.

How could we not pay the devs that have a solution to fully unlock the system in such situation ?

So the coin value (our stake) must not be used to finance potential business need. Business activities only need that a solution exists (a full solid concept fully explained in some paper) not that the solution is fully implemented nor experimented. Now it is business turn to prove their are able to create the need of a 2.0 implementation. If they are, it will be done the way presented.

JL should do it now and ask for 10 000 000 $ to release the work and let people bid for lower prices. If nxt is used widely, some pool will buy at JL price. If he gets bored he will deliver at lower price. Someone else could offer a lower price too...
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neofelis

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Yes to scalability.  We are already behind on that. We need to create a worldwide blockchain ecosystem that unites all blockchains.  NXT 2.0 can do this with style.  We also need to push push push this at every venue.  We need to stress that this is the solution that the world has been waiting for but didn't know it.  This is the next evolution in blockchain technology that will finally bring all blockchains into the mainstream.  I envision and blockchain for real estate ownership, auto ownership, everything ownership. A block chain for public voting.  A block chain for company/asset ownership.  All these and so many more I have not thought of.  All nestled into the NXT 2.0 ecosystem.  Permanent data, timestamped and accessible to every person in the world.

Whew!
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farl4bit

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I am still surprised people are questioning if scalability is important for us. People should have more faith in the plans our developers have, these posts confirm that scalability is really important.
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MrCluster87

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Another point in favor of solving scalability issue: IoT and Blockchain Used for Security, Identity, Coordination and Privacy - Stephan Tual, Slock.it: https://youtu.be/qzaNr_Rp2Hs?t=17m41s

neofelis

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 We don't have a scalability problem, we have an adoption problem we need to focus on, and only after we succeed in solving this, we can focus on scaling.

+1440
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Cassius

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Any crypto that cannot scale will de facto never see adoption. It's a no-brainer. Whatever other problems need solving, this one does.
How you get from A to B without trashing A is what the discussion is really about, or should be.
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neofelis

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And we may have to trash A to get to B.  I don't want to lose what we have either, but you have to know when to walk away.  Besides, NXT 2.0 and scalability will not leave current NXTers behind, just change the game.
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