NXT and BTS on a common Graphine blockchain

[sudo]

snapshot NXT  & issue a asset?

[Tuck Fheman]

Yup I've already worked out a design need to implement.. hopefully it will give an idea of how to implement and get picked up by bitshare devs. I will try to keep it a seperate c++ lib so it can be reusable in any c++ project.

Please join the Beyond Bitcoin Hangout on Saturday, July 25th @ 2PM UTC when fuzzy talks with CIYAM and Qora Devs ... https://beyondbitcoin.org/mumbleinfo

[cylonmaker2053]

i have a feeling bts is about to explode any day now... its the right time to put the TPS news out there.

Yes.  The chart for the past several months looks like a huge cup and handle.  And even that handle looks like a mini cup and handle. :)

I feel like BTS should be over 2 cents already.  When Darkcoin (aka Dash) did that rebrand and came out with "instant" transactions and masternodes, its price went up a ton.  BTS just came out advertising stats that are WAYYY better than that, and will support 100000 TPS at a time when Bitcoin's major problem is this blocksize/TPS issue that no one can get consensus on. 

And BTS is still massively oversold from that absurd decline of the past few months. 

We are on the verge of an enormous rise.  I've got another 100k purchase coming as soon as I receive some coinbase BTC.  I just hope its in time.

i always love your optimism  +5%

[jsidhu]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

once every coin  implements AT then you have true DEX between all the coins using ACCT.

this

+5% +5%

Amen. BTW, Beyond Bitcoin will be doing a show in the coming weeks with Vrontis from Qora, vbcs from Qora/CIYAM, Ian Knowles from CIYAM and cass (see above) from CIYAM/BitShares.

I am implementing at in the first bitcoin based clone the only oned that exists are in java.. perhaps once I do this then bts team can check out the source in c++ and port over to bitshares 2.0.

Im working with ian and vasilis (vbcs)

lel, I read the first sentence and was ready to reply with, "you should talk to CIYAM". ;)

Yup I've already worked out a design need to implement.. hopefully it will give an idea of how to implement and get picked up by bitshare devs. I will try to keep it a seperate c++ lib so it can be reusable in any c++ project.

[Tuck Fheman]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

once every coin  implements AT then you have true DEX between all the coins using ACCT.

this

+5% +5%

Amen. BTW, Beyond Bitcoin will be doing a show in the coming weeks with Vrontis from Qora, vbcs from Qora/CIYAM, Ian Knowles from CIYAM and cass (see above) from CIYAM/BitShares.

I am implementing at in the first bitcoin based clone the only oned that exists are in java.. perhaps once I do this then bts team can check out the source in c++ and port over to bitshares 2.0.

Im working with ian and vasilis (vbcs)

lel, I read the first sentence and was ready to reply with, "you should talk to CIYAM". ;)

[jsidhu]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

once every coin  implements AT then you have true DEX between all the coins using ACCT.

this

+5% +5%

Amen. BTW, Beyond Bitcoin will be doing a show in the coming weeks with Vrontis from Qora, vbcs from Qora/CIYAM, Ian Knowles from CIYAM and cass (see above) from CIYAM/BitShares.

I am implementing at in the first bitcoin based clone the only oned that exists are in java.. perhaps once I do this then bts team can check out the source in c++ and port over to bitshares 2.0.

Im working with ian and vasilis (vbcs)

[Troglodactyl]

Sorry but isn't it more likely that BTS would be re-implemented in NXT?  Not trying to start a flamewar here, just saying they DO have this...   http://nxt.org/about/monetary-system/

The main reason I prefer BTS to NXT is the solid pegging mechanism and yield interest on bitUSD.
I know more than a handful of others that feel pretty much the same way.

If bitUSD is changing, then it changes the whole value proposition in my mind.  Nevertheless that pegging mechanism is essential to widespread adoption.  The yield is admittedly secondary, but I would hold a whole lot less bitUSD if there wasn't a good yield.

Thanks for the info guys, it's helpful!

Does NXT have a way to balance the trustlessness of more decentralization against the cost of additional redundancy intelligently?  That's the core of why I think BitShares has a chance of scaling to handle mainstream adoption.  Without that, I think other networks will choke on success and become either centralized, unprofitable, or both.

Certainly the actual user features are important, but without an economically sustainable core design to carry them, they're wasted.

[Tuck Fheman]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

once every coin  implements AT then you have true DEX between all the coins using ACCT.

this

+5% +5%

Amen. BTW, Beyond Bitcoin will be doing a show in the coming weeks with Vrontis from Qora, vbcs from Qora/CIYAM, Ian Knowles from CIYAM and cass (see above) from CIYAM/BitShares.

[Tuck Fheman]

Sorry but isn't it more likely that BTS would be re-implemented in NXT?

That would probably look like this ...

Dedicated to EvilDave

[tbone]

Sorry but isn't it more likely that BTS would be re-implemented in NXT?  Not trying to start a flamewar here, just saying they DO have this...   http://nxt.org/about/monetary-system/

Have you checked out Bitshares User-issued Assets?
https://bitshares.org/technology/user-issued-assets/

The main reason I prefer BTS to NXT is the solid pegging mechanism and yield interest on bitUSD.
I know more than a handful of others that feel pretty much the same way.

If bitUSD is changing, then it changes the whole value proposition in my mind.  Nevertheless that pegging mechanism is essential to widespread adoption.  The yield is admittedly secondary, but I would hold a whole lot less bitUSD if there wasn't a good yield.

Thanks for the info guys, it's helpful!

If I'm not mistaken, you will still be able to earn a yield in Bitshares 2.0, but not just by having your bitUSD sitting there.  You actually have to lend it out.  This can be done via the Collateralized Bond Market feature:

https://bitshares.org/technology/collateralized-bond-market/   

[devlux]

Sorry but isn't it more likely that BTS would be re-implemented in NXT?  Not trying to start a flamewar here, just saying they DO have this...   http://nxt.org/about/monetary-system/

The main reason I prefer BTS to NXT is the solid pegging mechanism and yield interest on bitUSD.
I know more than a handful of others that feel pretty much the same way.

If bitUSD is changing, then it changes the whole value proposition in my mind.  Nevertheless that pegging mechanism is essential to widespread adoption.  The yield is admittedly secondary, but I would hold a whole lot less bitUSD if there wasn't a good yield.

Thanks for the info guys, it's helpful!

[cass]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

once every coin  implements AT then you have true DEX between all the coins using ACCT.

this

[jsidhu]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

once every coin  implements AT then you have true DEX between all the coins using ACCT.

[VoR0220]

Remember. This is a decentralized exchange. This is for acquiring DOGE or NXT. Not for actually purchasing with them. Atleast that was my takeaway.

[Akado]

i would personally like qora to join, bc of AT and their blockchain hosted web pages. or something that complements with our DNS/Voting projects, that would make sense. Which ones do you know that could fill those requirements?

[Samupaha]

I don't think that the first coin to join us is neither NXT or Doge. NXT has still a lot of potential on their own (although I sold all my NXT to BTS) and Doge is for micropayments (that are going to be expensive in BTS2.0)

[xiahui135]

It will be huge value, as Nxt's decentralized exchange have many start-ups' funding and share exhange.

[btswildpig]

if NXT and Doge merge into BTS and shares the same network effect , how would that price ?

why would BTS-NXT has different value than BTS-DOGE ?

so in the end , it doesn't make sense for them to merge into BTS and end up the same shared feature with no different than one and other .

[bubble789]

So black lizard == bitshares?

[BunkerChainLabs-DataSecurityNode]

In this post https://bitcointalk.org/index.php?topic=1084460.msg11570492#msg11570492

Stan suggest it is possible NXT (and/or other interested coin) and BTS2.0 to co-exist on a single blockchain.

Assuming NXT or other coin is interested, how is this gonna work?  what are the next steps, conditions etc. Is such blockchain gonna have 2 tokens, or just one NXTBTS2.0 ?

Here is my (completely unsubstantiated) guess as to how it could possibly happen: https://github.com/cryptonomex/graphene/wiki/blacklizard-app-finarch

Basically imagine NXT (or some other coin that may be more open to the idea) becoming a UIA on the BitShares blockchain, but where holders of this special NXT UIA get to elect their own delegates to operate their own independent DPOS-based chain which is still able to (via a majority of the elected delegates agreeing) interact with the assets on the main BitShares chain. They get to use the BitShares BitAssets, charge fees (e.g. in BitUSD) for the transactions that occur as part of their app or DAC, and they can even distribute some of these collected fees (after paying operational expenses) to the NXT holders as a dividend.

Micro Nations. :)  +5%

[Method-X]

In this post https://bitcointalk.org/index.php?topic=1084460.msg11570492#msg11570492

Stan suggest it is possible NXT (and/or other interested coin) and BTS2.0 to co-exist on a single blockchain.

Assuming NXT or other coin is interested, how is this gonna work?  what are the next steps, conditions etc. Is such blockchain gonna have 2 tokens, or just one NXTBTS2.0 ?

Here is my (completely unsubstantiated) guess as to how it could possibly happen: https://github.com/cryptonomex/graphene/wiki/blacklizard-app-finarch

Basically imagine NXT (or some other coin that may be more open to the idea) becoming a UIA on the BitShares blockchain, but where holders of this special NXT UIA get to elect their own delegates to operate their own independent DPOS-based chain which is still able to (via a majority of the elected delegates agreeing) interact with the assets on the main BitShares chain. They get to use the BitShares BitAssets, charge fees (e.g. in BitUSD) for the transactions that occur as part of their app or DAC, and they can even distribute some of these collected fees (after paying operational expenses) to the NXT holders as a dividend.

+5% Very exciting. I believe they're referring to this as "SmartChains".

[Stan]

First generation coins from Bitcoin on down would seem to map directly to a UIA ... done!

Second generation coins with complex relatonships between multiple interoperating assets is what gets tricky.

Most of them would not be optimized to keep up with our Johnny B. Goode blues riff in B. 
(Not saying they couldn't, but it would take a rewrite like we just went through.)

"Watch me for the changes and try to keep up!"

[arhag]

In this post https://bitcointalk.org/index.php?topic=1084460.msg11570492#msg11570492

Stan suggest it is possible NXT (and/or other interested coin) and BTS2.0 to co-exist on a single blockchain.

Assuming NXT or other coin is interested, how is this gonna work?  what are the next steps, conditions etc. Is such blockchain gonna have 2 tokens, or just one NXTBTS2.0 ?

Here is my (completely unsubstantiated) guess as to how it could possibly happen: https://github.com/cryptonomex/graphene/wiki/blacklizard-app-finarch

Basically imagine NXT (or some other coin that may be more open to the idea) becoming a UIA on the BitShares blockchain, but where holders of this special NXT UIA get to elect their own delegates to operate their own independent DPOS-based chain which is still able to (via a majority of the elected delegates agreeing) interact with the assets on the main BitShares chain. They get to use the BitShares BitAssets, charge fees (e.g. in BitUSD) for the transactions that occur as part of their app or DAC, and they can even distribute some of these collected fees (after paying operational expenses) to the NXT holders as a dividend.

[lil_jay890]

i have a feeling bts is about to explode any day now... its the right time to put the TPS news out there.

Yes.  The chart for the past several months looks like a huge cup and handle.  And even that handle looks like a mini cup and handle. :)

I feel like BTS should be over 2 cents already.  When Darkcoin (aka Dash) did that rebrand and came out with "instant" transactions and masternodes, its price went up a ton.  BTS just came out advertising stats that are WAYYY better than that, and will support 100000 TPS at a time when Bitcoin's major problem is this blocksize/TPS issue that no one can get consensus on. 

And BTS is still massively oversold from that absurd decline of the past few months. 

We are on the verge of an enormous rise.  I've got another 100k purchase coming as soon as I receive some coinbase BTC.  I just hope its in time.

I hope that is 100k USD you plan on buying with!

[Ander]

i have a feeling bts is about to explode any day now... its the right time to put the TPS news out there.

Yes.  The chart for the past several months looks like a huge cup and handle.  And even that handle looks like a mini cup and handle. :)

I feel like BTS should be over 2 cents already.  When Darkcoin (aka Dash) did that rebrand and came out with "instant" transactions and masternodes, its price went up a ton.  BTS just came out advertising stats that are WAYYY better than that, and will support 100000 TPS at a time when Bitcoin's major problem is this blocksize/TPS issue that no one can get consensus on. 

And BTS is still massively oversold from that absurd decline of the past few months. 

We are on the verge of an enormous rise.  I've got another 100k purchase coming as soon as I receive some coinbase BTC.  I just hope its in time.

[jsidhu]

i have a feeling bts is about to explode any day now... its the right time to put the TPS news out there.

[Ben Mason]

I fear that whilst the dev contribution and crypto overall would benefit enormously, the existing nxt community would find it hard not to feel betrayed.

How would you preserve the price of nxt during such a move? Each community would have to share the value of each network, the trouble with that would be around perceptions of relative value and would naturally be hard to square away.

Lovely idea though and could happen....but the short term would probably be painful.

[Tuck Fheman]

Assuming NXT or other coin is interested, how is this gonna work?  what are the next steps, conditions etc.

                          Assimilate or Die!

[Akado]

I would like if it merged into one because of their projects. Dunno about the impact of their community though.

Once thing I'm still not sure is they joining our chain and then piggy back on us and collect the profits. Imagine they migrating to our chain and then nxt get more valuable than bitshares? Sounds so strange

[tonyk]

In this post Stan suggest it is possible NXT (and/or other interested coin) and BTS2.0 to co-exist on a single blockchain.

Which post?

Sorry. Stupid me. added now.

[JA]

In this post Stan suggest it is possible NXT (and/or other interested coin) and BTS2.0 to co-exist on a single blockchain.

Which post?

[tonyk]

In this post https://bitcointalk.org/index.php?topic=1084460.msg11570492#msg11570492

Stan suggest it is possible NXT (and/or other interested coin) and BTS2.0 to co-exist on a single blockchain.

Assuming NXT or other coin is interested, how is this gonna work?  what are the next steps, conditions etc. Is such blockchain gonna have 2 tokens, or just one NXTBTS2.0 ?