Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
landomata
on 05/02/2014, 14:46:08 UTC

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.


My thinking is clear on this....why?

1) 70% of the world doesn't use VISA but they use MONEY.

2) 70% of the world will have a smartphone by 2015.

3) Smartphone processing speed and storage work to Moore's law.


The above point should give the proper perspective.