Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
ebereon
on 21/01/2014, 00:11:23 UTC
I don't know if someone else read betwen the lines but...

Sorry for the spoiler. Before u continue this discussion u'd better to know that PoS is required only during bootstrapping phase of Nxt. I can't reveal details now, u have to wait for the 3rd part of the plan.

Not sure yet. If Nxt goes well, we won't need coingen. Coingen will be implemented as a part of Nxt protocol.

I really wonder how to participate in writing a NXT white paper amid such a clandestine environment..

Well, looks like I told too much... Think of such a hint: Why BCNext chose "Nxt" as the name of the project. This hint should make u busy until u get all 3 pieces of the puzzle.
hmmm...
NxtBitcoin?
NxtLitecoin?
One to fork them all?

In 2 weeks 1 million NXT will be worth 200-250 BTC. I would like to ask too, who will receive them?

What is the timeline for the 2nd and 3rd parts? Are we in the 1st part?

No idea when he will publish the next part. We have only 1st one currently.

So where can I find written descriptions of the five levels of TF to add to the white paper?

In the 2nd and 3rd parts of BCNext's plan.

Thats how it should be april at the v earliest. We are doin all clones a favour. In april they will be able to copy the finnished thing

In April noone will care about the clones.

will blocks still be generated every 60,000 ms after full TF implementation?

Yes, or we can choose any other value, thx to time warp effect.

so we can decrease the block forging gap to 10,000 ms or lower?

Yes. It doesn't matter what we change - number of transactions in a block or time between blocks.
NXT can handle all transactions from all ***coins that are out today together?


I think this will become really huge... think about Bitcoin on top of NXT Wink

Sorry, I'm dreaming...