Quote from: bitcoinpaul on February 05, 2014, 02:32:03 PM

Quote from: landomata on February 05, 2014, 02:21:44 PM

Quote from: wesleyh on February 05, 2014, 02:16:36 PM

1000 TPS is a theoretical number, in fact I'd wager that it would take at least 2 (possible more) years to have that many transactions per second. So no, you won't need 300GB available (per month).

Reaching it may be possible but to sustain it over a long period of time would be something else.

31 billion transactions if we could maintain 1000 TPS for a year.

If we every reach this level then we're on MAR!....forget MOON!

You get the causality wrong.

Let me explain:

One idea of Nxt was, theoretically, to be able to handle 1000TPS. To dethrone VISA maybe with their bullshit high fees. Some small shop owners lose 50% of there marge today because of VISA. Think about it.

Now, Nxt is the saviour. If we want to get to the Mars/Moon, there needs to be something like "well, no problem, we can easily handle 1000TPS in the future if we want. Just some coding and done". <- This maybe leads to 1000 TPS in the future -> to the mars in the future. Not the other way around.

btw visa handles 2000 TPS on average I believe.

For the record, there was no "theoretically" about 1000 TPS.

Quote from: Come-from-Beyond on January 01, 2014, 10:40:49 PM

Quote from: Passion_ltc on January 01, 2014, 10:36:50 PM

What do you mean with 4.25 tps to 1000 tps?

One of the killer features of Nxt is ability to process transactions at VISA rate (thousands per second).

Quote from: Come-from-Beyond on January 01, 2014, 10:47:37 PM

Btw, any ideas how much the price will rise after VCs realize that Nxt is able to process 1000+ tps? 10x is min, imho. 100x-1000x is more likely...

CfB, how could you push "1000 TPS" and "solving blockchain bloat" knowing it implied utilizing a 300 GB NXT monthly blockchain that's 20 times bigger than the one Bitcoin has right now? Your certainty on this point was part of the reason I assumed you guys had implemented JD Bruce's finite mini-blockchain idea...