Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
salsacz
on 01/02/2014, 09:20:09 UTC
CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

9'223K NXT + 10 BTC is yet available.

Reserved from the amount above:

10 BTC - NRS crypto algo audit
250k NXT - Whitepaper
100k NXT - fatal flaw reward
100k NXT - AM contest rewards
100k NXT - fiat gateway rewards
100k NXT - minusbalancer's bounty for the client (Edit: It will be paid from the Development fund)
X NXT - 1st SMS-to-NXT gateway reward

So up to 8.5M could be spend for the infrastructure, not necessarily 1M.
Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James

good point, take into account the amount of VPS we have running on NXT fund, how long can we maintain them.

I remember there was some kind of war chest but can not find it.

We risk if we do not maintain them they will be shut down one by one, so I would like to have view on that

sure, warchest is here:
https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dDhkdUtLQnJ1T2k5RTRwZ3lPbVloTXc&usp=drive_web#gid=5

btw here is a few months old list of donators/bounties:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=2