Great post. I agree with you 100% and have similar experiences with neophytes. IMO this is a very different case. The issues here include behavior that could be written off to inexperience and age but the other issues of integrity and deception remain. Even some early ardent supporters are now questioning their early support.
The claims that because they have money now everything will be fine are indicative of desperate and inexperienced minds.
I respect your opinion but completely disagree with the parallels made.
@Runswick
Yes it is possible that someone build a DEX with low fees, but i don’t think that we will see 0 fees DEXs, at least not for now as it still requires a lot of expances as it depends on the DEX’s running model, is it a blockchain or not, what type of blockchain it is or on which blockchain it relies.
Need less to talk about the other expences like marketing, management, support …
@nemgun@tonbi
My concern is that you guys are constantly mentioning about volumes and yet I am not hearing the right answers.
You guys keep answering with metrics that are peripheral to the core needs for traders and assumptions that are you seem to believe to be “obvious” without concrete validation of such assumptions.
My feeling right now is that eventually you guys might stumble upon the successful formula, but by accident.
Let me rephrase my previous questions in a more concrete manner: do you guys know what a SWOT analysis is?
If you did it one, can you share your SWOT analysis?
It wasn’t our intention to turn it in to a fight or show any disrespect to the community. Opinions expressed were just that and do not reflect on the development of the project. I apologize if we offended our supporters. I am glad our team has some ego to defend our project, but you will not see any more of that as NVO is no longer just our project and will represent our supporters and users as well.
Nonetheless, I am glad the only problems we are having with the project is an immature fight.
It’s possible we can do high speed trading, but it’s not easy and we can’t say yes right now. We haven’t ended all the tests and just have 100k tps per second and have to find another strategy. If we want to activate high velocity trading we need to secure 0 conf and its not easy nor does it exist. Imed can try creating a solution but have to run more tests.
Imed does have an idea though and it’s really interesting. Basically the idea will cater only to the people that really need high speed trades and won’t be used by everyone. We have to test it first.
Ultimately, i think we can get really flexible. There’s always a method it’s just the matter of security. Thanks to our plugins system we can separate different people needs. So a normal trader might not need these features but someone like you may and they can simply install the plugin. Will have to see, but it’s definitely in our to do list. We will be updating this answer fairly soon so if you wait few more days we may have a solid answer.
I participated in the crowdsale with Dash sending them from Jaxx but I’d like to receive the tokens in MyEthereumWallet.com. I’ve written support with no answer. Who can I ask? Thank you
NVO tokens will be issued as CounterParty tokens, not Ethereum tokens. You can’t receive them to an Ethereum address. Your tokens will be sent to the Bitcoin address you submited.
Please join us on slack for more support : https://nvoinvite.herokuapp.com/
100k tps looks way off (on your side) if you define transaction correctly, i will not anticipate that amount of volume…
I’m connected to all 48 cryptoccy exchanges and collecting from them all types of data, i will give you some numbers, but lets define whats what.
Transaction => Match between 2 orders of opposite side in exchange orderbook; actual transfer of assets between market participants
Match => Same as transaction
Order => Single operation on order book (insert, update, remove)
Right now (weekend) averaged data from last 5 minutes from all symbols (6804) listed on cryptoccy exchanges:
65 Transactions/s
1519 Orders/s
Weekends are always less traded, lets assume high activity and multiple this by 10,
also assume that you will take 50% of total cryptoccy volume,
and that crypto markets will be in one year 10 times bigger.
So at max you will need to process:
4k Transactions/s
76k Orders/s
Your estimates are 100k Transactions/s, so it’s not an issue here if we are agreeing on definitions.
More important questions for you guys:
How much orders per second you will process
How much time will need to pass between I put order in book and other market participants will see that order
Will validator see my order in book in same time as other market participants
What’s will be minimum time after what I will can cancel my order and avoid transaction match by validator (How much time will be required to cancel my order)
After Transaction/Match, how much time will need to pass to get my assets (for example i got a match on my limit order, 10 BTC/LTC), how much time will pass between match operation and moment when I will able to use my 10 BTC.
I will able to place orders for assets that i don’t currently have, but they will be in time of validator match operation?
Whats are limit related to order book operations, eg. how much orders can be placed at once, limit on total opened orders in book, mininum order size etc
We agree on the deffinitions, however 100k tps won’t be enough on the next 3 years, i prefer to be as large as possible. No order issue here as it is not a website.
1- It doesn’t really apply as it is not a website, the informations are coming in a different way.
2- It will depend on your connection speed, if the connections are fluid, it will be near instant for everyone.
3- Yes. Except if a participant have low bandwidth.
4- Near instant, if witout matching.
5- Once there is a matching as of the actual system, we are around 0.7 sec, and can go up to 100k tps, once we explore enough 0-conf it could be instant.
6- I don’t understand here, could you please give me details ?
7- It won’t be limited, and should take about 0.2 seconds to the validator to check for the funds, and 0.1 second to deploy a 2-OF-2 (which is approximative).
Using the JAXX private key, we will provide different guides and support from slack. You are welcome.
Can someone at Maidsafe confirm this claim made earlier today by “Lauda” on the bitcointalk NVO thread?
“Every single investment is escrowed, and there are 4 independent escrows. One of which is the CEO of Maidsafe.”
Can you elaborate that point why it’s not apply? I don’t mention website any kind, just talking about changes of the book. If you match orders → make transactions, you will need maintain orderbook with updates to know which orders will need to be filled in what order, assuming price, time priority maching engine. There is a computing limit of orders after what your maching engine will be behind in time and process transactions what should happen for example few minutes ago.
Don’t have any website in mind, just exchange internal architecture 101.
