Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
opticalcarrier
on 03/02/2014, 15:45:44 UTC
Marketing has been decided at 3 million
Tech/Infrastructure the remaining 6 million. Once we know the cost for the 1000TPS hubs, then we will know the right allocation between tech and infrastructure.

OK Im one of the tech/infrastructure guys here... so lets talk about this component a bit.

Q: What is needed for a 1Mtps hub to actually be useful?
A: A forging account with a large balance.
Thus: No one in their right mind will run this hub on a VPS until its possible to forge w/o fear of theft.  These nodes will need to be high performance and operationally secure.

Q: What is the point of a 1Mtps hub?
A: To process LOTS of transactions with their associated fees
Thus: The economy is that a 1Mtps hub is generating NXT for the forging account on it.

Combine these 2 points together:  Are we really going to pay from the community fund for someone who is already a whale to get even more NXT?