Bitcoin Forum

This is the third thread on the issue of making decisions regarding NXT common fund following the first poll on the decision to form a funding committee to control the NXT common fund of unclaimed coin here https://bitcointalk.org/index.php?topic=418695.0 and the second poll on the basic working principle of the funding committee here https://bitcointalk.org/index.php?topic=423241.0

At this point, I think it is time to start the nomination process for the funding committee working on basics of the principle lay out in the second poll.

Disclaimer: I have been suggested to be in the committee before but at this point I would respectably decline that honor due to other personal commitment.

I suppose that if any nomination have a reason that he/ she can't be involved in the committee would also publicly decline that honor. After all the the nominations are collected, we can move to the next step of the actual voting for members on the committee. This could be discussed in details later but I hope no one objects a simple process of writing down the nominations if you want to be in the funding committee in this thread. Voting later could be for 5-9 committee members and 2-3 alternates.      

I would start by the nomination process by listing here some of my favorite people and also some people who have been suggested before, not in particular order. All nicks are bitcointalk accounts unless specified otherwise. Let's the thread run for at least a few days.

- come_from_beyond : decline
- Jean_Luc
- Joefox
- rickyjames
- salsacz-
- Nifty    (nextcoin forum)
- Anon136
- Klee
- opticalcarrier
- msin
- pinarello

Pouncer

7-9 people MAX.


FINAL OPEN POLL TO PICK MEMBERS WILL TAKE PLACE ON NEXTCOIN.ORG & NXTCRYPTO.ORG.


YOU CAN SIGNUP ON EITHER NEXTCOIN or NXTCRYPTO before the poll start date BUT ONLY IF YOU HAVE POSTED ON THE NXT :: descendant of Bitcoin - Updated Information THREAD BEFORE FEBRUARY 2nd.2014

And the account name must be the same.....if someone has squatted on your name then pls get in touch with the ADMIN.

THE NAME MUST BE THE EXACT SAME TO QUALIFY.

Good list.

Should we also vote on the number of people in the committee?

What do you think 7 or 9 ? we would also need some alternates.

I would say seven.
That means less talk and more action.
All on the list are trusted. As a committee they'd balance each other anyway.
If they can't decide thén they go back to the community, but only as a total last resort.

I also would prefer if they weren't under a constant need to justify their expenses in the short term.
Most of the things they need to do is long term, so let's give them trust and take a longer view than the one, two week one that has sometimes been seen.  :)

I thought of 5 people. But we can vote on that ;)

I also vote for pouncer

- agree.

+1.

Finding out the personalities based off Jung's functions would put their pros and cons to balance.

I highly recommend the following web links to get a quick understanding:

http://www.youtube.com/watch?v=LdIEDNUOhUY&feature=share

http://www.cognitivetype.com/database/

It maybe optimal to utilize as many of the 8 functions as possible: Example; NeFi, SeFi, TeSi, FeNi hold all 8 functions to the highest two levels of either Dominant or Subordinate. Even with the other four variations of this pattern they'd still see the world in totally different ways, which allows them to encompass a wide margin of techniques for great results.


 

You discouraged a lot of people with your post, I suppose  ;D

Guys and Gals, just post the people you want to nominate for the committee!

Damelon, Allwelder, Uniqueorn, VanBreuk, EvilDave

Remove me, plz.

1st let's vote if we will vote on that. ;)

It's an honour, but I have 2 reasons to (almost) say no:

I've got a lot of real life commitments, NXT is eating up a lot of my free(ish) time.

I want to get a carbon-offset project set up, this will mean that I will want to have access to/control of quite a lot of NXT, and If i'm on the committee that decides to give me the money for my own pet project....hmmmm.

Having said all that, I'll accept a committee place if we really can't find anyone else willing to step up.

TL:DR:
EvilDave to the very bottom of the list, please.   

buybitcoinscanada

I would like to make myself available to help with this project.

jefdiesel

I appreciate (and am surprised by) the fact you brought up my name while picking in a pool full of world class talented people. I do have experience in online communities management, some age and a few burns from politics, but I cannot bring technical expertise... I'm no developer, no cryptographer, no economist. Unneeded for Nxt fund management? I'm not so sure.

My five picks:

rickyjames, Klee, jl777, Anon136, joefox,

with Damelon and salsacz in the bench.

Why nobody mentioned bitcoinpaul?

This brings up the issue of technical fund vs marketing fund.
Clearly we need experts of tech to control the technical fund and those who are good at marketing to manage the marketing funds.

According to the outline voted in the second poll,


We'd only need an odd number of members reasonably split between tech bias, market bias and community/consensus agents to solve bias conflicts, all in the same committee. Imho five is too few for a simple majority vote.

Unanimous resolutions would be ideal but perhaps not realistic.

How about 2 marketing aficionados, 2 techs and someone in between, like rickyjames or joefox?

We choose the trustees just for holding and disbursement of the fund. How to use the fund will be made by other people or consensus of the community.

If this is so (I understood it in a different way according to the second voting results (https://bitcointalk.org/index.php?topic=423241.0)) then we'd only need guardians/executors, area of expertise is irrelevant and it boils down to a matter of trust.

I understood the committee was defined as such according to utopianfuture's definition of "funding committee + open bounty" approach, winner of the previous vote.

Yes that is the idea. because we already have a treasurer :Cfb .

My understanding is that since cfb does not want to be the treasurer and he is leaving by April he want the community to find a group of trusted persons as the treasurers. In the mean time, we also need to figure out how to use  the fund otherwise it will be send back at the time he leaves. Maybe I am wrong.

YES! We clearly have too large a coordination burden, we lose more from wasted time and energy than we do from the odd unconsented spending item.


(I would go further and suggest that more people get a small discretionary investment account (with the nxt held by someone else) which they can use for anything they feel is cost-effective and beneficial to Nxt, be it bounty, or compensating someone overlooked, or purchasing hardware/software/marketing materials. No consensus/voting needed to spend, only restrictions are they can't spend it on themselves, and all spending must be documented on a common spreadsheet which everyone can examine, and which will be regularly audited.

This is not the time and place for this discussion, let's decide on the committee first. I just want everyone to think about this idea, for now. I will bring it up again at another time.)


I nominate Damelon and jl777 as additional candidates. Will you guys accept the nomination?

As I read the polls, this is the situation

Poll 1: (https://bitcointalk.org/index.php?topic=418695.0) There will be a committee that will administer the 9 Mio. fund.

Poll 2: (https://bitcointalk.org/index.php?topic=423241.0) This committee will disburse funds according to an "open bounty" concept, so not propose projects themselves. I guess it would be within the committees purview to keep asking people for projects and make it know the 9 Mio. is available. The committee probably should also set up some guidelines that projects should follow, but only in the formal sense as "state what you will spend the money on and what will be the benefit", not the sense of "the project should be about X", because that would be interfering with the content.

We are now at Poll 3, in which we choose the people we trust to be on this committee and who we will delegate the power to make the decisions about the money to.
It has not been decided who or what will actually distribute the funds.
This could be one or more of the members, but also (and maybe preferably) a trusted 3rd party. If this means we are going to have a long discussion about account keys being shared however, I say "nevermind" ;)

In short, it's about investing trust and the responsibility over 9 Mio of funds to a small group of people.

Correct me if I am wrong.

Hi every one,  i dont know where to post my project but i see you are researching what to do with the pool3 and where distribute the funds.
And this is an ecological way where we need some help,

Do you think its interesting ?

Creation of a Network of farm decentralized in permaculture with cheap ecological habitation, autarkic alimentation and energy, spinning off into subsidiaries every half year to grow into community connected by NXT, that could be the central tool of a new society.

To enter NXT into solid existance.

Pay your vegetables, your honey, your fruits, with your NXT.
Live on fertile land and common, in your individual cheap eco-home,
Participate with the creation of a common house, general technological quarters of your eco-foundation.
Form new groups following the same idea of decentralized system, who want to live in their optimate autarcy, always connected to NXT;
And allow them access to land, to the financing of their ecological agricultural project.

We are at the beginning of the creation of decentralized  farming :
•   the economical gestion of a common wallet filled by the artisan and farmer members, and exterior part-takers;
•   Decisions are taken in a democratic way : for exemple : draw out treasurers and leader of groups, or : the coolest project is accepted by members.
•   The food and energy is re-distributed

NXT is achieved to permet all of that.

We will sell products with NXT, services, allowing advantages never seen before for all community NXT.

Participate the most solidary and exciting experience.
Build with us decentralized farm network, that belong to you.
Free to come to the place following availability, free to participate with breaking up  into subsidiaries of our civilisation that go to the earth, and that breaks intermediarie, that parasiting the development of the common good.
Discution and vote, purpose to NXT will be major tools.

We need:
Some financement, between 75k NXT and 500k NXT for land (we’ve already got some lands), and for 50 personnes in a few time.

We offer:
The possibility for all members of the greatest decentralized community to take part of the society decentralized and the most advance marketing :  proof by exemple that a network of autarkic decentralized community by the  draw democratie, or the vote of the majority of the popular idea and not political grups. NXT is the central pillar of this transition, that permit the transparance of groups economie, and allow to put togeterh money, that helps to go back to eco-site by vote of member.

Sorry for cutting off the plan in the quote, but I want the thread to remain readable. :)

This thread is not for project plans, but for voting on a committee that will decide on funds that will specifically be spent on Nxt.

It may be that the people getting these funds will be used to fund projects like yours. But that's not up to the committee.

A request such as yours should probably be made to the Nxt community at large, maybe in the forums at https://nextcoin.org/ or https://forums.nxtcrypto.org/.

Good luck on your project! :)

I would accept. However, there should also be some backups for the committee.

I have some projects I possibly would like to put up for funding, which means that I would not and should not be allowed to vote on.
That means, to maintain an uneven number of members to avoid a tie in voting, there would need to be a substitute.

I actually disagree with this. I ahve a ton of ideas together with Klee, Nify, Salsacz and so on. We took the initiative for marketing back in mid December. If we aren't in the committee then nothing makes sense really.
We have barely been awarded anything for our work and we got a ton of projects upcoming.

We had a questionaire over at nextcoin where 70+ volunteers signed up, everything from graphics majors to PhDs in computer science and physics. But due to the communities inability to come to any consensus we have no NXT to give anyone for any work, so we have lost a ton of talent due to nothing but pure procrastination and that's just ridiculous.

I would refuse to vote on my own projects. I would have a conflict of interest. I would not even consider discussing one of my projects in any other capacity as submitter.
You're free to take another stance. I just want to make my position clear. It wouldn't be that much of a problem to just have a substitute to cast a vote on a project I would submit.

Maybe we are talking about different things, though.  ???

I think we will achieve much better results, if we just split 9 millions into 6/3 for dev/marketing, as many people seem to agree.

Then make TWO committees: one marketing and one dev.

They would work much more efficiently that way, because the polarizing issue of which type of projects to cover will be already decided by this split.

And this will also solve the problem of all money in one person hands.

I am definitely ok with not voting specifically on our own submissions, but when you submit something and it's put up to vote and you just refrain from voting, then it's basically the same thing :P

From experience it doesn't work quite as "binary" as you seem to suggest. In my experience one guy comes up with an idea and then you discuss it back and forth. Some people chime in with ideas, build on eachothers ideas and suddenly it's no longer "one person" who did X, Y or Z.
A committee must be able to communicate and collaborate with eachother. Otherwise shit will just become a neverending debate.

Could work.
The only "problem" is see there is that a committee of experts is not always totally good.

I'd actually welcome a few people outside of PR and marketing on the marketing committee, if only because they would provide a counter.
It also leaves the committees open to accusations of only funding "pet" projects.

My ideal would be a mixed group that has a definite deadline to finish discussing about a project (say two, three days or any other number shorter than a week) after which they had to vote. All should be committed to get all "fors" or "againsts" on the table in that time.

After that: a binding vote: yay or nay.

It will never be perfect. The "voting" discussions already proved that we can only approach it.

That said

I would support any plan that allows us to move more quickly on some key points.


I see we are talking about two kinds of committee. I am talking about a committee that just approves and disburses, but won't tamper with the plan. You talk about a committee that would become co-collaborator in plans. I thought that the prior votes (vote 2) had already established that the committee would be responsible for giving out funds for open bounties and not initiate its own projects? In that scenario, my argument makes sense. In yours, it is indeed not workable and rather artificial.

I am afraid we either end up with US Congress or won't make it in time, because, well, "we're so decentralized..." :)

+1

This is the only guarantee, so...



I think the idea of a disconnected committee that is just going to be handed proposals is extremely time consuming and detrimental.
You'd have to write up a super detail proposal every single time you have an idea. This is not a healthy ecosystem.
The committee should definitely be dedicated members and not just dictators who aren't really qualified to say yay/nay to anything.

Co-operation has got us this far. I see no reason to fix what ain't broke. Just look at the fuckfest that is started everytime we try to bring in people to vote on something they haven't been a part of: it doesn't work.


Obviously everything must be transparent and the community shall be able to see exactly what NXT is being spent on. This is what is important: transparancy. But we shouldn't mess up efficiency.

(This post is predicated on a "hands-off" style committee, as decided by Poll 2)

One backup would suffice, if it's done this way: all members with a conflict of interest abstain from voting. If the vote is not a tie, then the decision is carried out. If the vote is a tie, the backup member casts the deciding vote.

It's a simple solution, but maybe too simplistic? Could maybe too many members have a conflict of interest, so you end up with only say 3 members? Should a 2-1 vote be considered decisive?



I like this way much better, decisions are clearer. We could try it out first, see if it works? If such a committee keeps getting deadlocked, then we could switch back to a majority vote style.


(I have no comment on whether or not to split the funds and committee. I don't know how to value tech against marketing.)

I will serve if tapped to do so.

All I say is think ahead and plan for the future.  

This fund will be FAR more valuable, and will be able to do FAR more for NXT, the further in the future it is tapped.

How does your second sentence follow from the first? A constantly updated OP in a discussion thread, or a proposal on a wiki page hashed out by many contributers, could simultaneously serve as both discussion summary and the proposal, wouldn't it?

EDIT: Regarding super detailed proposals, consider mine here: https://forums.nxtcrypto.org/viewtopic.php?f=25&t=710. (No takers yet unfortunately.) This was proposed by just one person (me!), took me some time to think through and to write, but certainly doable. It convinced jl777 to offer additional funds as bounty, so I guess it was detailed enough for him. I haven't accepted the offer though, I'd like to see whether this can work on tip offers and potential future tips, and general goodwill alone.

Sure in an ideal world a constantly updated OP would work.
You have to understand how marketing works. You send PMs back and forth, emails back and forth, skype back and forth.
hell I got more than 270 PMs on Nextcoin forum alone directly tied to marketing.
I got more than 100 email adresses directly tied to NXT marketing and SWARMing.

The only way this works is if the committee members don't have jobs and is ALWAYS ready to be updated with new info.

It is so much easier with real time chat (skype for instance) where you can discuss back and forth or on camera, have real conversations and work out details. Then you put that proposal to vote and if it gets passed through then you have a consensus and from that point you have to detail everything and publish it publically so everyone can see. And of course the committee must take notes from the community.

But having a disconnected community will only be a huge obstacle for a lot of projects that aren't static.

The problem of all money in one person's hands is solved regardless by splitting the community funds between the comittee members, and having one buffer account to issue payments in one chunk. The safety measure is well worth the few extra Nxt in fees, I think this was discussed elsewhere. Sorry I cannot provide the link.

Marketing and development funds, and any discussion about project approval, will be more productive if both sections are connected. They have a lot of intersection, and it will be very positive to reflect that in the funding comittee. I vote for a mixed group, just my 0.02.

I don't think we need 2 or 3 or 5 committees. We need 5 smart trusted people to divide the money between them and create a committee.

This is sign of apocalypse!
I keep agreeing with everything you are saying today!

I dont mind being on committee to decide how to spend funds, but i prefer not to be in the position of having access to actual funds.
As someone already with responsibility of allocating NXTcommunityfund resources, i want to stay on the allocation side of the fence, not the disbursement side

James

Keeping both marketing oriented and development oriented people in one single comittee does not challenge the global budget allocation.

If the community decides to assign 6/3, the comittee should not move a dime from one budget to the other. Unless I got something wrong, it's their responsibility to

a) Store the funds,
b) Approve/schedule the funding of projects welcomed by the community
c) Issue payments

The question for me is whether in b) the comittee will also have veto power, and the ability to bounce back a project for further discussion with amendments. But even if they did, that should not imply those funds change their global budget allocation. Dev money will stay dev money, it's up to the comittee to approve the expense (or not) and time it, not to reallocate it.

Just make sure commitee members do not end up with both disbursement and decision making authority. Without separation, too much power.

Respective advisory committees to use their expertise AND community feedback to decide on what to fund and how to stucture. Then the trusted members make the approved payments. Only in extreme scenarios should the trusted members be able to veto an approved expenditure

Doesnt this make sense?

James

I see so much of Nxt hunger here!
Who give all these new btt members with less than 50 forum history and not much of a trading or fund-running background to select and vote for each other?!

I personally vote for klee and Pouncer. (also come-from-beyond but he declined unfortunately).

If you are not on the list, you should be!

No friend, I declined earlier, and by my previous paragraph I didn't mean any newcomer or any new btt account.
I just see too much of pressure and hunger here, and well known leaders like CfB or klee or Pouncer absent.

By the way I here like to mention that people like you, slasacz, utopianfuture and also devs like nexern and Jean-Luc have already proved themselves as legit members no matter how much of a btt history they have.

This is not a bitcointalk issue, it's a Nxt issue. The fact some among us haven't been active in BTT for long should not limit our voting and commenting ability in an Nxt discussion, should it?

No that is right, but I see a lot of discussion about those 9M but always some of the key members (and their names) absent from the list or talk or consideration. If you are or want to be an active Nxt member, you should know those trusted leaders and let them in.

- Jean_Luc
- Joefox
- rickyjames
- Klee
- opticalcarrier

Except you clearly don't know all of the key people yourself.
Like I enlightened you of today: 4500 NXTers are active on nextcoin forum, that is a fucklot more than on BTT. BTT is just a nichè market really. VERY few come here to read that never ending Game of Thrones like thread.
A lot of the key people hold very little influence here and vice versa

hehehe!

Just wondering...

Does it not seem odd that amongst the people proposed to be appointed/elected to take charge of a large sum of money for the Nxt project is someone who is in the development team of a Nxt clone?

I'm happy to accept a nomination, as I'm in this for the long haul.  But I think there are mechanisms that allow for larger committees.

In my IT-management-universe we employ a voting system to arrive at decisions on RFC (request for change) proposals.  A committee of more than 20 meets at a scheduled time each week to review submitted proposals, and that committee members subsequently vote "yes" or "no" on each proposal.  Simple majority rules.

The committee is intentionally made up of people from a diverse set of backgrounds, and members vote based on the information presented in the proposals and their consciences.  The size of the committee is not a problem, and people are occasionally added or swapped out as needs dictate.  If committee members are unavailable to vote, there is no penalty... but if a large number of subsequent votes are missed, the members' standing on the committee may be called into question by other regularly-voting members.

In such a committee, someone like Uniqueorn is completely welcome: the fact that he's interested in developing a clone of Nxt that embraces a more fair distribution does not invalidate his interest in Nxt or its future, and the fact that there are other people on the committee who may align with other interests actually ensures that a broad range of opinions are shared.  In my current work environment, it was eventually observed that there is a size for the committee that becomes too unruly... but a size of 20+ has not been problematic because the votes are scheduled, information is disseminated in advance of the vote, and a simple majority is viewed as a consensus opinion.

In a decentralized system, it is impossible to control or dictate the motivations of participants.  We can fight it or embrace it; and while the latter option is difficult, I think it's the better one.

I just want to clear up: it's UtopianFuture that is creating a clone. I have simply adviced him to take measures against duplicate accounts that all sign up to get a share, making NEMs distribution unfair. I'm 100% dedicated to NXT at this point and have been since mid-December. NXT is the only crypto I got in my "portfolio".
I work and have worked at least 8 hours on NXT related subjects almost daily for over a month.

Oops!  Sorry, Uniqueorn -- my brain is very full tonight and I've inadvertently mixed up all BTT usernames that start with U. 

My point remains, though: with a large enough committee, a broad diversity of views and interests can be accommodated.

Thank you :-* but I think this community has enough great people for this small committee. I skip on this.

5
- Pouncer
- Klee
- Damelon
- Anon136
- Rickyjames

7
- buybitcoinscanada
- 2Kool4Skewl

Both 7 & 9 are great.   ;D ;D ;D

In case of voting about 20 members don't be afraid to add more names. For example I would love to have a female among those 20 people

When you vote a committee please look for the long term.

I know for sure in that panel there are few people that will be gone by March.

Look for engagement, loyalty, honesty and trust.

I second Pouncer that there are people more involved creating NXT clone than involved in NXT.

edit: and they should not be affraid to get in the open about NXT as true ambassadors, which I mean reveal true identity!

Anybody asked him yet? Something tells my he might follow in CfB steps and decline, he has enough burden writing the code...

+1 We have way too much male ego :)

Why?  ??? What's wrong with BCT?

Also, when you're making a poll, don't forget to make options as checkboxes, not radiobuttons :)

And we need as many people on the ballot as possible, so we could choose.

I think it is wise to have some software developers in the committee (Jean_luc, nexetrn, etc.)

I have posted in main thread a proposal on the Process of dealing with unclaimed NXT:

**************
Proposal for Unclaimed NXT

I suggest we put up a slate of 7 trusted members that the thread discussing this will recommend. Then we put it up for an up or down vote.

If approved, the unclaimed NXT are divided among the trusted 7. They will be obligated to disburse funds that are approved by a marketing committee (3 Million NXT) and a tech committee (5 Million NXT) and an infrastructure committee (1 Million Nxt).

The election to the marketing, tech and infrastructure committees are independent from the decentralization of the unclaimed NXT. This means we can independently figure out who is on the three different committees and as soon as one group is formed, projects can be funded.

The community has already decided on 250,000 NXT per month for Marketing, so the marketing committee task is to figure out how best to allocate that budget.

tech and infrastructure committees have not formed yet, but we don't need to figure out all the details for getting the trusted 7 members in place.
**************

Please post feedback in main thread.

James

Pouncer's Proposal

This is my simplified suggestion.

Select 3 founders to be treasurers for the unclaimed funds.
One to hold marketing, tech & infra respectively.
Treasurers will not sit in any committee

Make this selection simple & fast by putting up 3 names and waiting for no objection (1-2 days) period. Any objections should be followed by a good reason. I suggest jl777 propose the 3 names.

Once this is settled, we can do the nomination/election process for the 3 committees.

What this will solve:
1. Unlikely for founders to "run away" with the trusted funds.
2. They will be in for the long haul
3. They voluntarily give up their right to decide on the usage of funds. Founders will not be seen as monopolising the decision making process, thereby pleasing the opponents of 1NXT = 1Vote to a certain extend.
4. Gives more opportunities to other stakeholders to participate in building up Nxt.

**********
This is much better than my proposal.

James

Klee, neer g  and Pouncer

What the hell is "infrastructure fund"? Did I miss something? I thought it's 6/3, not 5/3/1.

It turns out we need beefy hubs to support 1000TPS, so whatever that costs reduces the amount for Tech. With dynamic TPS throttling, the infrastructure costs can be optimized, so it could be 1 million NXT, maybe 2, not sure yet.

Pouncer is first alternate, bybitcoin is the third proposed treasurer

I highly doubt anybody is going to object to klee, neer.g, bybitcoin, Pouncer as treasurers. What this means is that there is no need to select trusted 7 (or 9 or 20) and I propose this thread go directly to creating the three funding committees:

Marketing: 3 million NXT over 12 months
Infrastructure: beefy hubs to support 1000TPS
Tech: ~6million - infrastructure costs

The treasurers will not be in any of the committees

This is tremendous progress! CfB has agreed to this. So in two days we should have treasurers for each committee with the unclaimed NXT.

James

Damelon
Rickyjames
jl777
Anon136
Klee

The nominations should include which committee, plus Klee is ineligible as he will be one of the treasurers

I will!

Not because of their personalities, but because it doesn't seem like a good idea to give a very few people, who are already original stakeholders, more money.

Talk about decentralization...  ::)

Anon136 + 2 of (klee, neer.g, bybitcoin, Pouncer)

We are not giving them NXT, they are agreeing to do what the committees tell them to do. The committees decide how to spend the money, then the treasurers have to obey

Also, the NXT will not go to their accounts. They have no say in how it is spent since they cannot be on any of the committees.

I thought you didn't get involved in politics. The problem with having Anon136 being a treasurer is that he will then be ineligible to be on any of the committees. We need him on the tech committee!

Who will enforce this agreement?

So committee and treasure r different things, ok.

social contract

Ok, people convinced me 3 stakeholders is best practical solution at this point.

So, no objection - just for the record.

I nominate


Tech Committee:
Davetrouser
Anon
Wesleyh


Infrastructure Committee:
Opticarrier
laowai80
ferment


Marketing Committee:
Salsacz
Pin
Utopian
Joefox
Nifty
Tai Zen
brooklynbtc

nope, no marketing for me thank you.

smaragda, jl777, rickyjames, Anon136, pinarello, landomata, 2Kool4Skewl, Klee, salsacz, PeercoinEnthusiast, Jean_Luc, Allwelder

If I am deemed eligible to serve despite being a treasurer of the community fund, I would like to be on the infrastructure committee.

Can somebody point me to Anon's work as a developer or proof of his technical competence?

I know Wesley is a developer, but don't know where Anon gets his credentials...

And him being only 25 and not the 60 y.o. guy from his avatar, it's even more important.

Jack Needles is also a techie.

For marketing:

Uniqueorn
Salsacz
bitcoinpaul
Joefox
Nifty
Tai Zen
evildave
buybitcoinscanada
PeercoinE
Utopian
brooklynbtc

I'd like 2 be tech

One note (I think it's obvious): we should strive to put those people on the committee, who don't have large pet projects of their own.

Which is one reason I don't want to be nominated.
I'm still going to try to reach some sort of concensus agreement about the green marketing aspects of NXT.

My nominations (at the moment) are:

Tech Committee:

Davethetrousers
Anon136
Wesleyh


Infrastructure Committee:
Opticarrier
laowai80
ferment
rickyjames (as a reserve?)

Marketing Committee:
Salsacz
Uniqueorn
Utopianfuture
Joefox
Nifty
Tai Zen
brooklynbtc

I hereby officially nominate mww to be a member of the Marketing Committee.   In his day job he is the lead digital analyst for one of the big 4 marketing communications companies.

https://bitcointalk.org/index.php?topic=345619.msg4916954#msg4916954

So he says?

I'd be more than happy to do this. While i'm new to the community, my knowledge of digital and non-digital advertising would prove a big asset for a start-up project like this.

Feel free to fire any questions at me

Thanks,


I would happily verify my standings within my company with a few trusted members of the community. but my identity has to stay somewhat hidden as it is against my contract to preform any outside work relating to digital advertising while i'm still working for my agency, so full disclosure of my personal information(name, address, ect) is a no-no until i leave my job june-july time.

But as i said in the other post, i believe in NXT and would be very proud to assist, especially as i have a very large amount of my savings currently invested.

Thanks,

edit: im going to check with my HR people tomorrow.

I think rickyjames can participate (not just as a reserve), since his current treasurer's responsibility is for a totally independent private donors fund. He asks some tough questions, which is good.

Anon could be the guy to verify you.

https://bitcointalk.org/index.php?action=profile;u=3028

Any chance for a guy like me to be on the tech committee?

James

1)
Allwelder....I think he is managing marketing in China already.

& The guy from the Vk site with a couple thousand followers....I don;t remember his name.


BOTH FOR MARKETING


2)
Also James for Tech.

Can we see some qualifications? ;)

On a slightly different point, ie real-world identities of the committee members, in case they decide to make a run for Costa Rica.
I'm assuming that everyone is happy to provide ID/address/telephone nr information to a few trusted individuals, but not to the entire community. Yep ? But who do you trust with your ID info?

I'm prepared to act as one of the ID verification agents, both to check that committee members ID info is correct and to store that info in strict confidentiality unless needed in the event of a problem.

We'll need to work out procedures for this, for example to set conditions for the release of ID info, and to establish an escalation procedure if one of the committee members gets up to something dodgy (or just goes away suddenly, like CfB and his appendix recently)

I'm also completely OK with revealing my ID details to anyone who stores their ID info with me.
Think we will need 2 or 3 ID verification agents, in case one is not available for whatever reason.

Let me know what u think, and also think about proposing some other people as ID verification agents.

 

By separating funds access from funds allocation, we remove the need to know about anyones identity. I want to make sure we hear ALL the best ideas. Let the best idea win. Who cares about what the passport of the person who has the best idea is???

If we lose a SINGLE person due to ID requirement, that is one person too many.

If a committee member misses a vote, we just give a warning. Three warnings and then off the committee. Simple, easy, no ID required

James

I can beat you at a game of chess

Fair enough, my offer will remain open if it's ever needed for anything in the future.

Can you explain to me please how I will be 'forced' to spend the money as the committee suggests?

Just playing devil's advocate here..

In what way do you mean?
Those the committee give NXT to? I think the best way is the standard way: pay after work is done.

You will be fitted with a snug, but effective testicle squeezer.  :)

Seriously: I don't think you can be. This is something we will have to trust you on, based on your past behaviour.

Man re-read your post now, I really need to stop drinking whiskey ;P

Well, the trustees will have their identity spilled if they run with the NXT. Being labled by a community of 20 000+ people as a fraud will probably have real life consequences, so I doubt anyone is dumb enough to do it.

Speaking for myself who am eponymous this would be difficult to do (ignore the community or run with the coins).
Do we want anonymity for the keepers?

Moot point as you are drafted to be one of the treasurers
Thankless task of basically escrow function, so committee decides and whatever that is you need to send funds

We just need to make sure committees dont authorize any silly expenditures

Please blame pouncer, it was his idea :)

Only people everyone could come to consensus on, plus who doesnt like to boss around millionaires!

Now we need to fill committee slots and get the show on the road

James

I thought everyone agreed that it was a good idea for the keepers to have to reveal their identity as it is 100% voluntary to be a keeper.
It's just plain common sense from my POV

So, have we chosen 3 keepers? If yes, then I'm waiting when they post Nxt accounts.

James has sent me a pm about calling me to become one of the keepers, to keep 3M for funding future tech committee allocations.
Since I saw my name two or three times being mentioned in the public thread as well (along with klee, neer.g as three keepers with Pouncer as the alternative), here I am to decline the offer. So now you can ask Pouncer to be the third keeper fot that 3M tech public fund.
Thank you all for the trust.

2584657662098653454

Waiting for 2 more.

Preparing account. Will post later...

This is my current address - should I use a new one?

Fund: Unclaimed Community Fund (Tech)
Treasurer: Pouncer
Account: 10979837763882063
Ledger: https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc#gid=5

I think you should. Easy accounting & better transparency.

Yes

New account!

Fund: Unclaimed Community Fund (xxx) <-- What should I put there??
Treasurer: kLee
Account: 10979837763882063
Ledger: pending

Maybe

(.)(.)

??

:P

Same as mine??

guys, pls don't use "Unclaimed Community Fund" as a password for the acc :D

Damn copy/paste lol

1218278327871973459

lol. For a moment I thought Nxt cloning has moved up 1 level!

please, I want to release klee from his duty  ;D

Hehe no problem on my side mate! I will follow the community in every decision  ;)

The community decided that u give all ur NXTs to us.  ;D

:-*

MOΛΩN ΛABE

 8)

When the three accounts are created, may I humbly suggest you secure them to 256 bit level by purchasing the appropriate aliases:

NXTmarketingfund
NXTtechdevfund
NXTinfrastructurefund

to go along with the previously established

NXTcommunityfund

I also am willing to undergo the personal identity verification step as treasurer of NXTcommunityfund if that is done for treasurers of the other funds.  

I also STRONGLY urge that my previously announced action of placing a password written backup copy in a stamped postal envelope addressed to a trusted NXT person, and then placing into that envelope into secure offsite storage such as a bank safe deposit box, be enforced as a treasurer requirement.  I currently have my envelope addressed to James / jl777.  If there is now to be a pool of trusted treasurers who must verify their real identities, I would suggest that there be three such backup envelopes per treasurer and that they be addressed to the other treasurers in the pool.  I will change my current single backup envelope from being addressed to James to three backup envelopes addressed to Klee, pouncer and neer.g when their real life postal address is PMed to me.

I have already purchased an alias "UnclaimedFund4Tech (https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc#gid=5)". Could purchase NXTtechdevfund if needed for uniformity.

Another suggestion for "Hit by Bus" scenario.
Lets call the treasurers A,B,C,D

1. All 4 treasurers set up secure email using bitmessage and shares with everyone else. When encrypted AM is implemented, we could use that instead of bitmessage.
2. Each treasurer encrypts passphrase and deposits it at http://deathswitch.com/ (Agree on something like Truecrypt (http://www.truecrypt.org/))
3. Deathswitch emails are set up to be sent from A>>B>>C>>D>>A
3. Decryption passwords for the passphrases are immediately sent to fellow treasurers according to order in (3) using encrypted emails in (1)
4. If or when deathswitch is triggered, recipient of Deathswitch email decrypts passphrase and unlocks Nxt account.

Advantages:
1. More secure than bank's safe deposit boxes. I don't trust & don't use bank safe deposit boxes.
2. deathswitch.com & bitmessage are more reliable & efficient than postal services
3. More transparent (all 4 treasurers knows for sure that they have received the decryption key)

I'm sure this method can be further improved. What do you guys think?

Klee has been designated as the treasurer of the infrastructure team.  As treasurer he has no say on the committee's decisions of what projects to fund.  Also, the official membership of all the committees is currently an open slate.

I am a great believer in transparency, sunshine, accurate information, and inclusion.

The misunderstanding has motivated me to generate the following: 

 ********* BEGIN COMMITTEE ORGANIZATION THREAD SUMMARY THRU POST #143 (Feb 2 - Feb 7)  ************

What follows is a summary of organizational activity which has occurred during the first five days of the NXT Community Nominations To The Funding Committee (NCNTTFC) thread at https://bitcointalk.org/index.php?topic=445209.0 .   It was begun as a spinoff by the participants of the 1500+ page Ridiculously Long NXT Pub Crawl Thread (RLNPCT) at https://bitcointalk.org/index.php?topic=345619.31800 (where all the kewl NXT kids hang out).

The motivation for the NCNTTFC thread is that there are currently 9M of unclaimed NXT left over from the Genesis Block that are currently under control of Come-from-Beyond.  He has stated he will destroy these unclaimed 9M NXT  funds on April 3 (by "sending them back to the Genesis Block") unless the NXT community organizes a community funding committee structure that can accept and use them for the betterment of NXT.

So far activity on this thread has had the following activity, in roughly chronological order.  If somebody thinks I have left out or misrepresented something of significance, let me know and I will come back and edit this post accordingly.

SUMMARY OF COMMITTEE MEMBER NOMINATIONS:

Jean_Luc was first nominated to a committee by Utopianfuture
Come_from_Beyond was first nominated to a committee by Utopianfuture (and later declined to serve)
Joefox was first nominated to a committee by Utopianfuture (later recommended by Landomata to the marketing  committee)   
rickyjames was first nominated to a committee by Utopianfuture (and later requested membership on the infrastructure committee) 
salsacz was first nominated to a committee by Utopianfuture (later recommended by Landomata to the marketing  committee)   
Nifty was first nominated to a committee by Utopianfuture  (later recommended by Landomata to the marketing  committee)   
Anon136 was first nominated to a committee by Utopianfuture (later recommended by Landomata for the tech / dev  committee)
Klee was first nominated to a committee by Utopianfuture
opticalcarrier was first nominated to a committee by Utopianfuture (later recommended by Landomata to the infrastructure committee) 
msin was first nominated to a committee by Utopianfuture 
pinarello was first nominated to a committee by Utopianfuture
Pouncer was first nominated to a committee by Landomata
Damelon was first nominated to a committee by Salsacz
Allwelder  was first nominated to a committee by Salsacz
Uniqueorn  was first nominated to a committee by Salsacz (later recommended by gs02xzz to the marketing  committee) 
VanBreuk was first nominated to a committee by Salsacz (and later declined to serve as unqualified)
EvilDave was first nominated to a committee by Salsacz (and later declined to serve unless truly needed)
Damelon was first nominated to a committee by Jack Needles
Passion_ltc was first nominated to a committee by Jack Needles
l8orre was first nominated to a committee by Jack Needles
jl777 was first nominated to a committee by Jack Needles (and later requested membership on the tech/dev  committee) 
buybitcoinscanada was first nominated by EvilDave (later recommended by gs02xzz to the marketing  committee)
brooklynbtc was first nominated by brooklynbtc (later recommended by Landomata to the marketing  committee)   
jefdiesel was first nominated by brooklynbtc
bitcoinpaul was first nominated by NxtChg.com (who later declined)
2Kool4Skewl was first nominated by LiQio
nexetrn was first nominated by fmiboy
smaragda was first nominated by Coinonaer 
landomata was first nominated by Coinonaer
PeercoinEnthusiast was first nominated by Coinonaer  (later recommended by gs02xzz to the marketing  committee)
Davetrouser was first nominated to a committee by Landomata (specifically, the tech / dev committee)
Wesleyh was first nominated to a committee by Landomata (specifically, the tech / dev committee)
laowai80 was first nominated to a committee by Landomata (specifically, the infrastructure committee)
ferment was first nominated to a committee by Landomata (specifically, the infrastructure committee)
Tai Zen was first nominated to a committee by Landomata (specifically, the marketing committee)
Utopianfuture was first nominated to a committee by Landomata (specifically, the marketing committee)
EmoneyRu was first nominated to a committee by EmoneyRu (specifically, the tech / dev committee)
mww was first nominated to a committee by rickyjames (specifically, the marketing committee)

Utopianfuture also received a vote of no confidence from Uniqueorn (because Uf is working on a clone)

SUMMARY OF COMMITTEE STRUCTURE PROPOSALS:

The structure for the proposed committee(s) themselves have evolved during discussion from:

a single group of 5 or 7 receiving all 9M unclaimed coins; to

two groups of 5 or 7 : marketing and development with a 6M / 3M split of unclaimed coins (assumed by NxtChg.com); to

three groups of 5 or 7: marketing / development / infrastructure with a proposed 5M / 3M / 1M of unclaimed funds (first proposed by James - jl777)

SUMMARY OF COMMITTEE TREASURER SELECTION:

Further discussion on committee structure / funding levels was shelved after the above consensus reached (primarily by no challenge to James' proposal except by Nxt.Chg).  Attention turned on selecting committee treasurers for the proposed so CfB could go ahead and transfer the unclaimed 9M NXT to them, as he has pledged to destroy them on April 3 if no accounts had been set up to receive them. 

These Treasurers will have no vote on committee decisions and will disburse finds as directed by their committees.  They exist as a safeguard to provide centralized accounting of a committee's expenditures.  They have been deemed high-trust individuals and will have sole access to their committee's funds.  Identification and verification of real-world identities has been proposed but not agree upon.

By general consensus the following committee treasurers have been selected.  Come-from-Beyond has expressed a willingness to transfer the outstanding 9M in unclaimed NXT to these individuals as soon as all committee treasury account numbers are available:

Fund: NXTmarketingfund
Treasurer: neer.g
Account: pending
Ledger: pending

Fund: NXTtechdevfund
Treasurer: Pouncer
Account: 10979837763882063
Ledger: https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc#gid=5

Fund: NXTinfrastructurefund
Treasurer: kLee
Account: 10979837763882063
Ledger: pending

********* END COMMITTEE ORGANIZATION THREAD SUMMARY THRU POST #143 (Feb 2 - Feb 7)  ************

Above was a summary of historical activity.  What follows are my personal proposals and personal opinions based on where we are at so far in this committee organization process.

RICKYJAMES PROPOSAL 1 - All treasurers should prepare paper backup copies of their account passwords, place these in stamped postal envelopes addressed to other treasurers, and place these backup envelopes at a safe off-site location such as a bank deposit box.

Rationale: I implemented this voluntarily when designated as treasurer of the NXTcommunityfund, and my envelope is currently addressed to James / jl777.  This proposal is just plain and simple a good idea, because you never know when....

RICKYJAMES PROPOSAL 2 - The NXTcommunityfund should establish itself as a fourth committee separate from the NXTmarketingfund / NXTtechdevfund / NXTinfrastructurefund, with James/jl777 adding additional members to moderate his current sole discretion on the disposition of these funds.

Rationale:  I am treasurer of the NXTcommunityfund whose balance currently stands at 2,679,156 NXT, and I will send this NXT wherever James/jl777 tells me to because that is the job I signed up for.  However, I do not think it is "right" or "fair" to be setting up other committees that are required have multiple members for funding decisions while leaving James as sole decision maker on an equally important and sizable fund.  However, as a mitigating circumstance, this NXT was specifically donated due to James' fundraising efforts to support the kind of whirlwind across-the-board ideas he generates seemingly non-stop.  To recognize this special nature of the NXTcommunityfund, I would suggest that its board be limited to 3, not 5 or 7, and that James pick who he wants to sit on this committee with him.  (Probably not Nxt.Chg, altho that would certainly be interesting..

RICKYJAMES PROPOSAL 3 - The 610,019 NXT currently in NXT Marketing Account 2037401990853753795 should be voluntarily surrendered immediately by account owner (I think Salsacz) to neer.g, the Marketing Committee Treasurer.

Rationale:  NXT Marketing account transfers can be viewed at http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2037401990853753795&offset=1&filter=1.  Spreadsheet documenting the transfers to and from this account is at https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15 .  They don't match, and in particular the spreadsheet does not meet GAAP (generally accepted accounting principles) standards. 

There have been 1,118,709 total NXT donated to the marketing account, yet it appears the spreadsheet only documents 1,012,710 NXT  being donated to NXT marketing - a difference of 105,999 NXT.  This difference between actual and recorded donations (almost a 10% shortfall) is unacceptable.  Organization of the spreadsheet only confuses rather than highlights where the NXT has gone.  Further disbursements from this account should not be made by people actively generating marketing materials and involved in marketing activities.   Auditing should be undertaken to determine where the 105,999 NXT unaccounted for by the spreadsheet has gone.

RICKYJAMES PROPOSAL 4 - Unclaimed 9M NXT should be divided equally between marketing / tech-development / infrastructure committees at 3M each

Rationale:  OK, I admit it, this is a personal plug for something I feel is important - bumping up the funding for NXT infrastructure.  In the discussion on the committee thread, this started at zero and was bumped up to 1M NXT by James to Nxt.Chg's surprise.  I think infrastructure is just as important and needs just as much funding as marketing /  further software development and here's why. 

(1) We already have a lot of newbies getting the shock of realization that PoS means low amounts of NXT aren't going to forge get-rich-quick amounts of NXT on cheap Raspberry Pis instead of expensive ASIC rigs.   
(2) Discussion on this thread is casting into doubt the ability of Raspberry Pi and smartphones to participate in NXT forging anyway as the transaction rate gets higher and the blockchain gets bigger.   
(3) We have voted to drop the NXT transaction fee by a factor of ten, which is supposed to be the main motivator and financial incentive to set up infrastructure nodes in the first place. 
(4) We are getting increasing reports from the Good Samaritans who went all-in on NXT during the December DDoS attacks and set up lots of VPNs that their expenses - especially bandwidth expenses - are WAY more than they had bargained for or can maintain as a personal commitment to NXT. 

All of these factor point towards a total rethink about what infrastructure is needed to support NXT and just how much it is going to keep it running FOREVER.  People are not being motivated by forging to add personal nodes to the network, and cheap nodes are looking more and more unlikely.  Both the infrastructure and the finances required to keep NXT going are going to end up being larger than we think now, only three months in with a tiny active network.  And yes, I admit I want to be on the infrastructure committee as a voting member and push for a 1000 TPS network (the original NXT spec!!!) if that is all possible alongside our main network.  That's more infrastructure expense, but if we succeed, it is EXACTLY what will make people sit up and notice NXT.  And send the price to the moon.


RICKYJAMES PROPOSAL 5 - Voters on funding committee nominations should not be limited to the endless Bitcointalk thread participants, but should instead be open to all nxtcoin.org forum members, with an active effort made to include them in these deliberations and consider them for committee seats.

Rationale:  This is in response to a proposal made several times by landomata in the "Funding Committee" thread :

"FINAL OPEN POLL TO PICK MEMBERS WILL TAKE PLACE ON NEXTCOIN.ORG & NXTCRYPTO.ORG.  YOU CAN SIGNUP ON EITHER NEXTCOIN or NXTCRYPTO before the poll start date BUT ONLY IF YOU HAVE POSTED ON THE NXT :: descendant of Bitcoin - Updated Information THREAD BEFORE FEBRUARY 2nd.2014"

I (rickyjames) have a little heartburn with the implications of this, and think the committee seats (and votes for them) should be open to anybody that wants to try and get one.  The goal should be to get the people that are best for the job regardless of where they come from in the NXT community.  I believe we should not limit the pool of funding committee candidates to the relative handful of OCD ( :) ) people like me that endlessly surf the "Updated information" thread or as I call it,  the Ridiculously Long NXT Pub Crawl Thread (RLNPCT).  In particular I think we should allow others to join the committees in the future as new and brilliant people join NXT that haven't even heard of it yet.  We are not trying to set up an oligarchy; we want to be open to new people and new ideas as time goes on.

In that spirit, I am cross posting this post in the endless "updated info" thread, the 8-page-because-nobody-is-paying-arrention-to-it "committee nominations" thread, and a completely new post over on nxtcoin.org.  Just call me a pot-stirrer.  One who is a great believer in transparency, sunshine, accurate information, and inclusion.

And I am posting polls on my proposals above.  Please vote!!!

Rickyjames Proposal 1:https://bitcointalk.org/index.php?topic=454420

Rickyjames Proposal 2:https://bitcointalk.org/index.php?topic=454397

Rickyjames Proposal 3:https://bitcointalk.org/index.php?topic=454372

Rickyjames Proposal 4: https://bitcointalk.org/index.php?topic=454327

Rickyjames Proposal 5: https://bitcointalk.org/index.php?topic=454320

NXT continues to develop at an incredible pace.  If you've read this far, it's because you care about NXT.  Consider applying for a committee seat to help take it further.

NXT Community Nominations To The Funding Committee (NCNTTFC) thread :

https://bitcointalk.org/index.php?topic=445209.0

I'd like to add that 8'814'022 (http://localhost:7874/nxt?requestType=getBalance&account=10006970057300228034) NXT left. Part of them is reserved for:

100k - fatal flaw reward
250k - whitepaper
100k - reward for first 3 fiat gateways
XXX - for the 1st SMS-to-NXT gateway

Maybe some other things but I can't recall them now.

Thanks for the summary. Quoted account for klee is wrong. It should be 1218278327871973459

For Tech:

bloodyrookie
ricot
ciyam
drevil

Please take me off of consideration for tech committee.

As rickyjames pointed out I already control enough budget via NXTcommunityfund. My interest in being on the tech committee was to coordinate spending to avoid needless overlap, but I can do that as long as I am told which threads the committee discussions will take place. It needs to be public discussions on btt threads!

Also, I have made it clear to aldrin that if he felt that I was not doing a good job then I will step down. Now that pouncer and neer.g have also donated, it would only be fair that if two out of the three main funders want me replaced, I will step down. There are committees now to make decisions as a committee, there is no need for another. I do not believe funding by committee is the most effective use of NXTcommunityfund. I will be using the funds to figure out what part of the NXTlayers, NXTplugins, etc. can be implemented, how to implement it and then implementing it.

I will step down as trustee rather than let another committee manage it. If you dont like me, fine, replace me with somebody else. The NXTcommunityfund needs to be run by a single decision maker who has the freedom to push for projects that would never get out of committee. Otherwise, we will only have projects that a committee would approve, eg. safe projects that are not controversial. 0.3 % of NXT is therefore centralized through NXTcommunityfund.

Being responsible for all these funds clarified my thinking process to where I was able to come up with all these ideas. I think the existing infrastructure committee will have enough challenge to deploy network for 1000TPS (peak throughput) and the tech committee has its hands full fleshing out the unfinished laundry list of features that already exists. I have not heard any objections to my blockchain FIFO idea, so I think that solves the scalability issue, especially if we go to binary format and change to an adaptive max TPS network.

So if infrastructure committee ensures 1000 TPS capable network is deployed and tech committee makes sure the existing laundry list of features are finished and marketing committee keeps doing what it has been, NXT has very bright future. Add to that the projects NXTcommunityfund is enabling and the total picture is very nice.

James

P.S. Yes, I have had some bad experiences with committees in the past, but also good ones. Just dont want to risk having to shutdown a project that could well be a big boost to NXT due to losing committee vote.

+100, Ciyam as leader

James, I was wrong.  I owe not only you an apology, but aldrin, pouncer and neer.g an apology as well.  

Reading your post made me realize I had made a mistake lumping the NXT donations you received from your patrons into the same category as unclaimed NXT controlled by CfB.  Pushing for committee control of all of this NXT as I did in my "committee summary" post is totally inappropriate, and I see that now.  

CfB, as original owner of the unclaimed NXT, has set the terms for its disbursement.  Those terms were to set up committees to administer it for the good of the NXT community.  It is totally appropriate for the NXT community to vote on who and how many should be on those committees.

Aldrin, pouncer and neer.g, as original owners of their donated NXT, also set the terms for its disbursement.  Those terms were for James /jl777 to use it as he personally saw fit to implement as many as possible of his endless stream of good ideas.  This is effectively a private contract between individuals.  It is totally INappropriate for the NXT community to vote on anything that would interfere with such a private contract and dilute James' intended spending authority under the terms of that private contract.  

I made a mistake in initiating such a vote, and I am sorry.

When I make a mistake, I will admit it as soon as I recognize it, and then do everything I can to correct whatever mess I have made.  Accordingly, I have frozen the poll I started and I will go back and edit my posts to delete this proposal I made.  I believe my error here will soon be forgotten outside of this circle.

Inside this circle, I want to say that I think James is a true fountainhead of good ideas and is doing a great job of implementing them, and funding his efforts is one of the best ideas of all.

-rickyjames

I love people who are not afraid to apologise.
Good fortune to you, sir! :)

Hi all,

Fund: NXTmarketingfund
Treasurer: neer.g
Account: 6824000597786339044
Ledger: https://docs.google.com/spreadsheet/ccc?key=0Akt-f0U2jFz5dGhORTJGM0dIVHg0OENVTlJOazRMd1E&usp=sharing

I will coordiante with Ricky/other members the passphrase backup safety.

gateway=exchange?

Confirmed: 10979837763882063 (http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10979837763882063) : Ledger (https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc#gid=5)

Confirmed
account - http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6824000597786339044
ledger - https://docs.google.com/spreadsheet/ccc?key=0Akt-f0U2jFz5dGhORTJGM0dIVHg0OENVTlJOazRMd1E&usp=sharing

It's related to Asset Exchange. Similar to Ripple gateways.

CONFIRMED

Fund: NXTinfrastructurefund
Treasurer: kLee
Account: 1218278327871973459 (http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1218278327871973459)
Ledger: https://docs.google.com/spreadsheet/ccc?key=0AgG_jPaq09uxdF9USTlGVU1HckVaa25MNWRlVVhTamc&usp=sharing

Ricky can you PM directions about the password backup safety??

Klee, make one outgoing transaction from ur account, plz.

For visibility (updated my original post)!

Can you link to some more detailed information please.

https://ripple.com/guide-to-ripple-gateways/

@CfB, thanks. I promise to keep it secure and await instructions to disburse the funds from my "boss", whoever he/she may be.

@rickyjames, klee, neer.g
Now that the funds are in, we have to agree on a method to safeguard it. So far, there are 2 options
(1) Pre-addressed envelope (https://bitcointalk.org/index.php?topic=445209.msg4999574#msg4999574)
(2) Encrypted file containing passphrase (https://bitcointalk.org/index.php?topic=445209.msg5006866#msg5006866)

If we agree on (1), we have to start exchanging postal addresses
If we agree on (2), we have to start exchanging email addresses

I prefer (2). If the method is too complicated, I propose a simplified version - option (3)

• Use AES Crypt (https://www.aescrypt.com/download/) instead of Truecrypt. It is much easier to use.
• If you're not comfortable using deathswitch.com, we could just encrypt the text file containing passphrase and ask someone we trust to keep it and to email it to the recipients - much the same way we'd need someone to physically take the envelope out of the safe deposit box & post it.
• Once the text file containing the passphrase has been encrypted, we immediately send decryption key to all other treasurers by ordinary email (no need to use bitmessage). This way we can confirm that the backup process has been completed.

What do you guys think? Once we've agreed on the method, we can post it in the main thread.

I would go with option no. 3.

+1

I will need help though to make sure I don't do something stupid in the process!

Just make sure u don't copy the account in ur signature when sending the money.  :)

Not sure what rickyjames thinks, but looks like he's got the envelope solution sorted out. We could use this among the 3 of us.

1. Download AES from https://www.aescrypt.com/download/
2. After installation, drag the AESCrypt.app icon from App folder to desktop
3. Create a new text file. Enter passphrase of your Nxtfund and save it. eg. KLee.txt
4. Drag Klee.txt and drop it over the AESCrypt.app icon on the desktop
5. You'll be prompted to enter a password. Enter a password & click "Continue"
6. You should see the encrypted file KLee.txt.aes in your finder.
7. SECURE DELETE (http://osxdaily.com/2012/02/03/secure-empty-trash-mac-os-x/) the unencrypted file Klee.txt (important!)
8. Send encryption password to other treasurers by email
9. Give Klee.txt.aes and treasurers' emails to someone you trust, with instructions.

Hope this helps. I'll PM my email to you & neer.g  and we can test it out with a dummy file

To decrypt, drag the KLee.txt.aes file to the AESCrypt.app icon, enter password and the a copy of decrypted file KLee.txt will appear in the finder.

So much trouble bcos of "Trust noone" :)

I am OK with option 3 also.  I am currently setting up two new accounts in support of James / NXTcash.  These will be NXTcashoperatingfund and NXTcashcompletionbonusfund.  Once I've got these set up, I'll get back to you guys with three passwords to cycle through this process. 

So, we have the treasurers.

Have the committees already been decided?

Nope, not yet.
I have been nominated by a few guys so I am willing to step up. I have already spent 2 months on NXT and pioneered the marketing angle of NXT, so I'd fit on the marketing committee.
I have a ton of projects up my sleeves and can sympathize with great community members who are lacking payment for their efforts so I will be 100% fair in all ways.
There are several members that can verifiy this, I am just eager to get a committee going so that we can move NXT to the nxt level

I am right there with Uniqueorn, I can't wait to get this marketing committee together so we can get to work.

I have been nominated by a couple guys as well and look forward to the opportunity if I get a position on the committee. I am also part of a start up company that I can get involved with Nxt to amplify my efforts :)

It would seem like a good idea, knowing our voting track record, to start with getting this show on the road, so the committees can be formed and get working. ;)

Who will take the lead in this? UP?

Hey keepers why not just use PGP? We could send the pwds to each other just by encrypting it with the public keys!

Then any medium will be safe, even here!

My public key just in case:

-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: GnuPG/MacGPG2 v2.0.20 (Darwin)
Comment: GPGTools - http://gpgtools.org
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=ZOem
-----END PGP PUBLIC KEY BLOCK-----

Soooooo...... let's vote ;D

candidates?

Unclaimed coins fund forming commitees.

candidates for the commitees, please apply!

https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdFRFeHNUdWx3Qy1nTjBPLUFNWUJKQkE&usp=sharing


Please somebody post this on nextcoin.org also.

Good question raised by opti:

As obvious it is for marketing, there is a thin line between infrastructure and Tech fund.

what is the scope of:

NXTinfrastructurefund


NXTmarketingfund


NXTtechfund

One thing is clear: People should not think of this committee group as the officials who are solely responsible for Nxt to develop further into the future. Everyone in the community still needs to develop ideas and think on their own. The committees are first and foremost responsible for the unclaimed coins as a source for bounties and initiators of discussions on ideas from the community.

This is no foundation.

+1 and I think this is very clear for everyone,

but they will have to challenge the different projects and vote on allocating fund to projects as I understand it?

Infra: What is HW? We are going to develop it? You mean back-end?
Tech: Here are end user clients, etc?

What are criterias for CANDIDATES? Who choses? How? When? What is replacement process for chosen one due to death?

I think the community has to define the difference between infra projects and tech projects, sometimes they will collide...

personally I see infra more as for example hardware, clients, VPS management, etc..., the tech side imo is more code related...

We (the community) will vote for the committee members, as members fall away we (the community) choose new ones.

feel free to discuss here...

The committees (as has already been voted on) are only there to approve the funds, not to initiate their own (although individuals will obviously do so, just not as part of their committee duties).

This means that people should ASK if they have something worthwhile.

I talked to neer.g yesterday and he particularly stressed this part himself. He created the Nxtcommunityfund to be used and was a bit non-plussed that people didn't come forward and ask for them. :) These funds are not the Nxtcommunityfund of course, but the same kind of reasoning applies, I think.

There are many creative people out there that could benefit from these funds if they have something to bring to the table.
Asking doesn't mean they will get them, but not asking will make that a certainty.

jefdiesel,  jl777, Anon136, joefox, l8orre, Allwelder, Uniqueorn, VanBreuk, EvilDave, salsacz, opticalcarrier, msin and all the others who are still not in the list... Please consider it!

Seconded :)

And you yourself?

thanks for nomination.
As far as I know ,the vote result of funding committee has been out.

Some of us (like myself) may not have realized that. And personally, I'm still held back by social conditioning. Don't know what's worth asking for. I feel much more comfortable when other people offer (e.g. though tips and donations) than when I request.

I really like what James is doing with the contests. Get people thinking about Nxt and involved in useful, fun things for Nxt prizes.

NXT FUND SPENDING COMMITEE MEMBERSHIP SELECTION UPDATE

Since I'm the guy that slammed on the brakes back on page 1854 about no spending from the new NXT community funds until fund committees get organized, and since everybody generally seems to think that was an OK move, I feel the responsibility to try and get the ball rolling again on committee organization.  Here we go.

To organize a small group of people to spend big piles of money, there has to be a legitimate, transparent process   to give them that power.

The legitimate, transparent process we have gone through in this NXT community is that we have made the funding committee positions open to everyone.

utopianfuture on Feb 2 started a funding committee nomination thread, almost three weeks ago:  

https://bitcointalk.org/index.php?topic=445209.0

rickyjames on Feb 7-8 summarized the nominations made to that date in an identical post placed at four different forum locations:

https://bitcointalk.org/index.php?topic=345619.msg5007861;topicseen#msg5007861
https://bitcointalk.org/index.php?topic=445209.msg5007872#msg5007872
https://nextcoin.org/index.php/topic,3890.msg36822.html#msg36822
https://forums.nxtcrypto.org/viewtopic.php?f=2&t=753&p=3579&hilit=rickyjames#p3579

Each of these posts ended with:
***************************
NXT continues to develop at an incredible pace.  If you've read this far, it's because you care about NXT.  Consider applying for a committee seat to help take it further.

NXT Community Nominations To The Funding Committee (NCNTTFC) thread :

https://bitcointalk.org/index.php?topic=445209.0
***************************
The only further new nominations at all forum sites made as a result of these posts were:

drevil was nominated for TechDev by gs02xzz
hughmanwho and SecondLeo were nominated for the infrastructure committee by hughmanwho

Come-from-Beyond on Feb 9 accepted Pouncer, klee and neer.g as treasurers of techdev, infrastructure and marketing funds respectively, and the 8,714,025 unclaimed NXT from the genesis block under his control was split equally among their assigned funds.  Treasurers have NO authority to make spending decisions.  Their role is to be a bank vault and only let money out when it is authorized by a "designated spending authority" - in this case, a SINGLE spokesperson from an elected committee, to be chosen by that committee once it is elected.

https://bitcointalk.org/index.php?topic=445209.msg5032217#msg5032217
https://bitcointalk.org/index.php?topic=445209.msg5040620#msg5040620

Audit spreadsheets of NXT Fund assets are now permanently available , with the spreadsheet layout still being optimized at:

https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc#gid=14 ,

Pinarello on Feb 18 picked up efforts to elect spending committee members by opening a spreadsheet for expressions of interest by people actually willing to serve (instead of just being nominated by others):

the post: https://bitcointalk.org/index.php?topic=445209.msg5220880#msg5220880
the spreadsheet: https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdFRFeHNUdWx3Qy1nTjBPLUFNWUJKQkE&usp=sharing#gid=0

At the time of this writing, the only new names on this volunteer spreadsheet that have not been previously nominated as described above are:

^[GS]^, abuelau, Arckam (frmelin), bloodyrookie, Chanc3r, ChuckOne, CIYAM, Cointropolis_JustabitTime, Fry, Mario123, Pandaisftw, Ricot, TwinWinNerD, Zahlen, ZeroTheGreat

Thus 55 nominees were picked after the three week nomination process described above, conducted over all three major NXT forum sites, allowing both self-nominations and nominations by others:

^[GS]^, 2Kool4Skewl, abuelau, Allwelder , Anon136
Arckam_(frmelin), bitcoinpaul, bloodyrookie, brooklynbtc, buybitcoinscanada
Chanc3r, ChuckOne, CIYAM Open, Cointropolis_JustabitTime, Come-from-Beyond
Damelon, davethetrousers, drevil, EmoneyRu, EvilDave
ferment, Fry, hughmanwho, Jean-Luc, brooklynbtc
jl777, Joefox, Kattywampus, Klee, l8orre
landomata,laowai80, Mario123, msin, mww
nextern, opticalcarrier, Pandaisftw, Passion_ltc, PeercoinEnthusiast
pinarello, Pouncer, rickyjames, Ricot, salsacz
SecondLeo, smaragda, Asian Prepper, TwinWinNerD, Uniqueorn
Utopianfuture, VanBreuk, Wesleyh, Zahlen, ZeroTheGreat



By the power vested in me from being full of hot air and having a big mouth, I hereby declare the period for accepting NXT Funding Committee nominations to be over.

Anybody that has a problem with that, quote just the red line above and give it a -1.  God help us if that happens.

Since I've still got some hot air left and I still have a big mouth:

We're gonna do a week of campaigning, and we're gonna have a one week long vote starting March 1.

Anybody that has a problem with that, quote just the red line above and give it a -1.  God help us if that happens.

Campaigning is gonna work like this.  I've opened up a new thread, NXT Funding Committee Nominee Statements:

https://bitcointalk.org/index.php?topic=479167.new#new

If you are a nominee listed above, and you want to serve on ONE AND ONLY ONE of the NXTmarketingfund, NXTtechdevfund and NXTinfrastructure fund spending committees, go post your willingness to serve on this thread.  State the committee you want to be on, and make a statement if you want about why you think you would be a good member for that committee.  

If you are not willing or able to make one single post on this thread, you probably aren't good committee material.  Just sayin'.

I will PM links to this post to all nominees at all sites and will repost it at the other two forums.

I have set up polls on whether each committee should have 5 or 7 members.  Go vote.

https://bitcointalk.org/index.php?topic=479190.0
https://bitcointalk.org/index.php?topic=479200.new#new
https://bitcointalk.org/index.php?topic=479214.new#new

I will set up three more polls for declared candidates on March 1 and repost everywhere calling for a vote for the agreed upon number of committee members for that committee.

Yes, I'm being a dictator here.  Sorry about that.  At least I am a dictator with a suggestion box, speak up if you've got a problem or an idea.

And I'm a dictator that's gonna step down on March 7, the day after I get back from representing NXT at Texas Bitcoin Conference.  

Because on March 7, there WILL be elected committees.  (I hope).