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A whole country adopting Nxt  
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Author Topic: A whole country adopting Nxt  (Read 11213 times)

remix

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Re: A whole country adopting Nxt
« Reply #20 on: June 07, 2016, 08:49:39 pm »

Nxt (and the other decentralized ones) can not handle the number of transactions that you'd have if a whole country adopt it for basic transactions.

There is no reason to have every transaction on the blockchain. But the bigger transactions should be on the blockchain. This gives the currency credibility and ultimately value.

In practice you would build an exchange where everybody in the country can easily join, and allows them to convert their current money to NXT. The exchange would also allow internal person-to-person transactions for free or a small fee. Most small transactions would be done by using this feature. The exchange would also allow anybody to withdraw NXT at any time, and these transactions would be stored on the blockchain.

Do you know somebody who can buld that for us?

It doesn't sound too complicated, so you could get a "normal" freelance programmer to do it. But I wouldn't recommend it, because cryptocurrency exchanges are targets for hackers, so the site needs to be very well coded.

One idea that jumps to mind is seeing if you can use an existing micropayment platform, such as https://en.wikipedia.org/wiki/ChangeTip. It uses Bitcoin. I'm not aware of a similar platform for NXT.

For NXT specific things you can of course get help from this forum. There are also people here who have done work for payment in NXT or Bitcoin.
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farl4bit

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Re: A whole country adopting Nxt
« Reply #21 on: June 08, 2016, 05:58:48 am »

Maybe you could give away a bounty for the coding? That will get the attention of coders. Or join the Nxtchat on https://nxtchat.herokuapp.com/  :)
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websioux

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Re: A whole country adopting Nxt
« Reply #22 on: June 08, 2016, 07:32:48 am »

Paper notes are illegal, due to Central Bank Monopoly. Monetary legislation is a century outdated, but print money, is a serious fellony.

Huh, you don't print official state currency, you print your casino chips. Make them plastic, lol.

Make a centralized website with the fee-free transfer of this private form of money between users, 100% backed by your union to redeem to semi-decentralized MS currency and decentralized NXT, but this will limit usage to those who can get online. Paper notes are preferred, they would be used and recognized by everyone, even illiterate.

How do you prevent the govt (and others) to conterfeit the casino plastic coins ?
Basically official coins and bank notes are protected by an active search for conterfeiters and the strongest punishments by law.
Is there a crypto trick, I can not find it yet.
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Riker

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Re: A whole country adopting Nxt
« Reply #23 on: June 08, 2016, 07:49:02 am »

I think the only option is to store all transactions on the blockchain, whichever centralize solution you'll deploy to offload transactions from the blockchain, will become a prime target for hackers and scammers (and forgers). You have to store every single transaction on the blockchain or you'll lose most of the benefits of using a blockchain.
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farl4bit

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Re: A whole country adopting Nxt
« Reply #25 on: June 10, 2016, 08:14:26 am »

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ozfig

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Re: A whole country adopting Nxt
« Reply #26 on: June 10, 2016, 11:21:12 am »

I,m a digital marketer, representing a bunch of investors, looking fto REPLACE the whole monetary system of Venezuela. We are convinced that this is a perfect economic,politic, and social momentum to offer to Venezuelans a cryptocurrency that release them of the nightmare we are living. We have no technical knowledge nor experience on cryptocurrency, beyondo common knowledge as users (bitcoin has become a releease to us). We are businessman, with a well stablished structure, in almost any corner of this country, and each one in his region, have hundreds of other retalilers ans service providers willing to deploy any alternative currency. We need help! Could be Next a solution? He have startup capital, and logistics, but no financial, economic, or coding background. Let us know what you think obut this initiative.
NXT is in full development and the new version will not be ready before many months. Scalability in the new version will still be very insufficient for a country-wide cryptocurrency application. To my understanding, there presently just are three candidates that qualify for thousands of transactions per second:
IOTA, e-munie and BitShares. Check them out.
(bitcointalk.org/index.php?topic=1392223.0)
Iota is a crypto-token designed for the Internet-of-Things by one of the creators of Nxt and due for launching this summer. It is meant to run on tiny processors and is based on a completely novel concept that replaces the blockchain by a more flexible solution they call "the Tangle". It has no fees by design.
iotatoken.com
More info on their forums:
forum.iotatoken.com
chat.iotatoken.com
« Last Edit: June 10, 2016, 04:17:44 pm by ozfig »
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danisapfirov

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Re: A whole country adopting Nxt
« Reply #27 on: June 10, 2016, 01:14:19 pm »

eMunie also replaces blockchain and offers scalability and price stability. The people will like debit card and how easy is to create one.

farl4bit

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Re: A whole country adopting Nxt
« Reply #28 on: June 10, 2016, 01:39:16 pm »

Glad you had your moment of love, Triangle and Klee  ;) , but this topic is from someone else and I like to stay ontopic, so I deleted the last posts.
« Last Edit: June 10, 2016, 01:43:30 pm by farl4bit, Reason: Deleted the last 2 messages too. »
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Espo

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Re: A whole country adopting Nxt
« Reply #29 on: June 10, 2016, 07:56:07 pm »

Has anybody here herad about the Fim Project
Finnish NXT clone
They had have good Ideas (for example - Send blocks by a radio station for places without fast internet)

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CreativeDestruction

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Re: A whole country adopting Nxt
« Reply #30 on: June 11, 2016, 06:34:07 am »

NXT is ready to a country much more than bitcoin. Is why the Russia National Settlement Depository choose NXT  https://bitcoinmagazine.com/articles/russia-s-national-settlement-depository-successfully-tests-blockchain-based-e-voting-system-1464198071

You can put all the companies and business  of Venezuela inside NXT asset exchange - Its will allow capture money from outside the country without the govermment authorization  and easily pay dividends to them.
Make a currency to daily usage backed in NXT
 
If you need some hand I live in the neighborhood ;)

Until the massive adoption of NXT 1.0 NXT 2.0 will be ready and it will permit much more scalability.
« Last Edit: June 11, 2016, 06:38:22 am by CreativeDestruction »
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ozfig

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Re: A whole country adopting Nxt
« Reply #31 on: June 11, 2016, 11:24:05 am »

Until the massive adoption of NXT 1.0 NXT 2.0 will be ready and it will permit much more scalability.
How many transactions per second do you think NXT 2.0 may allow?
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CreativeDestruction

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Re: A whole country adopting Nxt
« Reply #32 on: June 11, 2016, 04:33:26 pm »

Until the massive adoption of NXT 1.0 NXT 2.0 will be ready and it will permit much more scalability.
How many transactions per second do you think NXT 2.0 may allow?

I dont now for sure, but a pretty sure that they have a solution (just read nxt.org/roadmap) and after the release of NXT-Russia National Settlement Depository we will see all modifications to put forward NXT. If bitcoin ,now the more adopted globally, can handle the total demand, i think NXT who have almost 10 times the Bitcoin capacity can handle the demand for a entire country. If bitcoin can handles world demand, NXT can do 10 times more or far beyond. Untill the total adoption by all the country we will see the perfect gap time to implement other functions to scale much more and Im pretty sure that NXT devs can do it based on what they already have made.

NXT have more than 2  years working without any problems ;
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LocoMB

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Re: A whole country adopting Nxt
« Reply #33 on: June 12, 2016, 04:26:11 am »

Until the massive adoption of NXT 1.0 NXT 2.0 will be ready and it will permit much more scalability.
How many transactions per second do you think NXT 2.0 may allow?

I dont now for sure, but a pretty sure that they have a solution (just read nxt.org/roadmap) and after the release of NXT-Russia National Settlement Depository we will see all modifications to put forward NXT. If bitcoin ,now the more adopted globally, can handle the total demand, i think NXT who have almost 10 times the Bitcoin capacity can handle the demand for a entire country. If bitcoin can handles world demand, NXT can do 10 times more or far beyond. Untill the total adoption by all the country we will see the perfect gap time to implement other functions to scale much more and Im pretty sure that NXT devs can do it based on what they already have made.

NXT have more than 2  years working without any problems ;

The russian guys mentioned in one of the press releases that they have been able to push the NXT platform to 800 transactions per second in a lab environment!

I think this is something we should pick up and expand on!
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Noble

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Re: A whole country adopting Nxt
« Reply #34 on: June 13, 2016, 03:38:40 pm »

I tweeted about it: https://twitter.com/Nxtgids/status/741181074890448896



 ;D

I think at this time,  this will maybe complicate the situation. Not sure, but probably
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Noble

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Re: A whole country adopting Nxt
« Reply #35 on: June 13, 2016, 04:40:47 pm »

Paper notes are illegal, due to Central Bank Monopoly. Monetary legislation is a century outdated, but print money, is a serious fellony.

Huh, you don't print official state currency, you print your casino chips. Make them plastic, lol.

Make a centralized website with the fee-free transfer of this private form of money between users, 100% backed by your union to redeem to semi-decentralized MS currency and decentralized NXT, but this will limit usage to those who can get online. Paper notes are preferred, they would be used and recognized by everyone, even illiterate.

How do you prevent the govt (and others) to conterfeit the casino plastic coins ?
Basically official coins and bank notes are protected by an active search for conterfeiters and the strongest punishments by law.
Is there a crypto trick, I can not find it yet.

Absollutly NO FISICAL representation of the currency isued by us!
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san2salim

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Re: A whole country adopting Nxt
« Reply #36 on: June 16, 2016, 05:26:45 pm »

Nxt (and the other decentralized ones) can not handle the number of transactions that you'd have if a whole country adopt it for basic transactions.

There is no reason to have every transaction on the blockchain. But the bigger transactions should be on the blockchain. This gives the currency credibility and ultimately value.

In practice you would build an exchange where everybody in the country can easily join, and allows them to convert their current money to NXT. The exchange would also allow internal person-to-person transactions for free or a small fee. Most small transactions would be done by using this feature. The exchange would also allow anybody to withdraw NXT at any time, and these transactions would be stored on the blockchain.

Do you know somebody who can buld that for us?

if somebody would like to help noble, please help me too , or simply join me with "noble" but i am from different region,
im in asia.. aiming for Indonesia, Malaysia, Singapore
or please tell us how much is the cost, to create for us
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websioux

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Re: A whole country adopting Nxt
« Reply #37 on: June 19, 2016, 04:15:08 pm »

There is perhaps one more  solution: ignore our scaling warnings.

There will never be a whole country using Nxt all of a sudden. Adoption always takes time and marketing efforts. When transactions climb there will be such incentives to solve the scalability that funds will flow around directly or indirectly by means of currency valuation.

People here, are so serious that they can't tell "go on it is ready". And on the other hand they are fighting for a living when wealthy people are begging for help.....

Perhaps it is ready... it is, at least, as much ready as Bitcoin is and it has plans for scalability. What else would wealthy people expect from a free stuff?

From this point of view my question would then become what arr you looking for exactly?

Process to treat people orders on shops ?

Course on how to safely use secret keys ?

Envoyé de mon GT-I9195 en utilisant Tapatalk

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Noble

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Re: A whole country adopting Nxt
« Reply #38 on: June 22, 2016, 07:10:47 pm »

Pleople, we need help. Is there anybody with experience in large projects like this, that could talk to us understanding that we have no enough knowledge on crypto currencies matters? We are like a customer with  LOTS of needs, and no idea how to create the solutions to solve that needs? Clock is ticking...
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NxtSwe

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Re: A whole country adopting Nxt
« Reply #39 on: June 22, 2016, 07:25:45 pm »

I for one have not really understood what you are looking for.
What needs do you have?
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