My assumption is that we do have cool tech already. It's foundational. It's nerdy cool. It's not end-user cool yet. |
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Why not spend some resources on converting 10 times more people from the same stream of interested people I AM TALKING ABOUT CREATING A PATH FOR POTENTIAL NEW NXT STAKEHOLDERS THAT IS A USER FRIENDLY WEBPAGE, instead of what any new NXT'er has to go through now I am 100% all for that. But that's not paid advertising. That doesn't cost a dime. Are we talking about some kind of a bounty here? |
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NXT will be more successful if more people understood it. There was a short term increase in XRP value from TV spot, but marketing takes repeated exposure. the first time an iMac was seen in a movie, people didn't go out and buy a new iMac. After the tenth time, though, people did start to consider not getting a IBM PC clone.
I don't understand how you can say paying to get new NXT'ers won't be effective. Are you saying that if we got 2000 extra people purchasing $50,000 a day of NXT, that won't help NXT? I am very confused.
Advertising works. Companies spend hundreds of billions of dollars per year on it. Why would we not use a technique that has proven itself? Not logical. It's like a C programmer that refuses to use struct?! Why would we limit ourselves in promoting NXT? Do we have to cripple ourselves? Should we compete against everyone else under a self-inflicted handicap?
I was thinking that we could develop a page that clearly communicates the benefits of NXT to someone who is considering purchasing some. We make it easy for them to purchase if they want to, say by using a credit card. We make it easy for them to get new clients, information, etc. A standard customer acquisition webpage. It would have a certain conversion rate and it could be used for a model for anybody to use to drive traffic to and monetize interest in NXT. Make it so that people can make money promoting NXT and the next thing you know, many people will be promoting NXT.
How can this be a bad thing? It's a bad thing only because it won't work. I keep hammering on this, but it's the truth. Nxt isn't a product or service so you can't put it in that category. It's a currency/ecosystem/protocol/whoknowswhat. Paid advertising/marketing works really well with products and services. You serve ad impressions to potential customers, a certain percentage click through to your landing page, a certain percentage of those convert and pay up. It's lovely. But it won't work like that with Nxt because it isn't a product or service. Can you really imagine someone seeing a few Nxt ad impressions, clicking through to the landing page, reading a little, and entering their credit card info in exchange for some Nxt? C'mon. That will not happen. It has to grow the same way Linux did. The same way Bittorrent did. The same way Bitcoin and Litecoin did. First we need to build something awesome and then we can use clever tactics to get the word out. Mass-marketing through paid advertising will not work. |
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"conversations" great. "volunteers" great. James and I are discussing the merits of paid advertising/marketing for Nxt. Did Peercoin engage in that, and if so, in what capacity? James, I'm still curious to know what sort of paid campaign you have in mind. |
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Voting is for getting a range of opinions. The result is a suggestion, what COULD be done. Not what will be done no matter what... Has there been a vote or poll which yielded a consensus and was not acted upon? |
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In my experience, whenever there is a crowded market, marketing and advertising is required to achieve top positions. How many alternatives are there to NXT? I am talking about from a non-technical end user's standpoint. As far as they are concerned, NXT is one of 100+ altcoins. With the strong bias against proof of stake coins, do you really think that NXT will achieve its full potential without marketing or advertising? If Nxt can't be successful without paid marketing and advertising, then it can't be successful. Please name me a single product in a crowded market that rose above all the others without marketing and sales.
Ripple is getting placements in top rated TV shows. Apple got placements in dozens of movies. I am not talking about any "shove", just a way to get on thousands of websites and getting value for money spent. You're using the wrong model to look at this. Nxt isn't a product or a service. The Ripple example you brought up is perfect. What has the TV spot done for them: http://coinmarketcap.com/xrp_30.htmlWhat is wrong about speeding that up? The first proof of stake coin that gets to 100,000 users and 10,000 websites will benefit from the network effect and nothing else would ever be able to catch up. Nothing is wrong with that and nothing is wrong with online advertising, but it won't be effective in this case. Specifically, what type of advertising and marketing are you planning? |
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Within a month, client software will be ready, large scale marketing will require some time. If there was a marketing budget, better plans could be made as to how to allocate it. I think most all agree that NXT needs some significant increase in the number of NXT users. This requires marketing and sales. With user friendly clients, we can go to the mass market.
The first question is how much to allocate to marketing. Once we know this, we can work to allocate to the different marketing programs. I strongly believe in pay for performance marketing. A website nobody goes to has little value, even if it has a lot of good info. A confusing badly made website, still has value if it brings in NXT'ers.
We define a performance metric for marketing. We set a NXT value to that. We roll out massive pay for performance marketing plan. 100 BTC worth of pay for performance marketing is possible. That would make it the largest ever and become news worthy in and of itself. James, with all due respect and appreciation for your contributions to this project, I think that is just a terrible idea. This is open-source, non-commercial, non-proprietary software. Nxt would be the first example of this type of software going on a paid advertising blitz. Linux didn't advertise. Bittorrent didn't advertise. Bitcoin and Litecoin didn't advertise. This is the sort of project that has to survive and thrive on its own merits, not on its marketing reach. Online advertising has been the focus of my working life for the last 12+ years and I spend very big on it every month, but it is not a fit for Nxt. I beg you to reconsider this strategy. Our efforts should be focused on infrastructure, functionality, and support. We can't shove Nxt down people's throats like we can with other products and services. It just won't work. |
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there is at least 2 very real competitors on the horizon being released within weeks Which are those? |
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Is anyone else worried about Nxt's infatuation with voting?I like voting in general but it isn't always the right way to make decisions. Sometimes a project needs to be organized around a visionary person, especially in its early stages. Different people will have different and excellent ideas for moving a project forward, but if you mix them all together by way of a voting system, there is no clear vision and focus for the project. Take development of the Linux kernel for example. Linus Torvalds is in charge, there is no voting, and the project is thriving. Bram Cohen was in charge of the bittorrent protocol and that didn't hurt its decentralizedness. Which successful software projects put everything to a vote? If we aren't careful, Nxt will serve as an example of decentralization taken too far, and how not to organize a project.Here's another short and pertinent post on the subject: https://bitcointalk.org/index.php?topic=380441.msg4471328#msg4471328
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Where is Nxt from Original Stakeholders? http://nxtcoin.blogspot.cz/2014/01/where-is-nxt-from-original-stakeholders.htmlQuote Original Stakeholders 24.11.2013 10.1.2014 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4747512364439223888 49985380 50004185 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4277298711855908797 49875751 49874767 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6878906112724074600 49875751 0 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=17228894143802851995 49875751 51170795 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9433259657262176905 49875751 25925690 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=14839596582718854826 49875758 9500626 ? http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4071545868996394636 49876257 46781257 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=15558257163011348529 49875751 30776494 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9161949457233564608 34913026 26000000 ? http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2175830371415049383 49875651 10000000 ? http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2584657662098653454 30922966 27071647 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=5491587494620055787 29856290 0 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=17491178046969559641 29437998 25849742 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6785084810899231190 24912938 1986246 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=818877006463198736 24880020 15669333 ? http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10738613957974090819 22166945 10 + 15 mega ? http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=5430757907205901788 19925363 9895683 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7579216551136708118 16625250 8000000 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8517842408878875334 15487585 12600371 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9037328626462718729 14962725 0 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4777958973882919649 14887912 0 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11706312660844961581 11083556 4502427 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=18388669820699395594 9975150 875135 = 750 Mega at the stars, vs: 350-450 Mega now Some new data, stakeholders nr. 24-42: Quote http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1600633904360147460 9,975,150 8,901,894 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4454381633636789149 9,476,393 1,599,999 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10339765764359265796 8,644,631 49 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10890046632913063215 6,668,388 6,575,345 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1965151371996418680 5,486,333 5,399,971 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8278234497743900807 5,264,386 0 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9230759115816986914 5,033,128 2,427,700 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=5982846390354787993 4,987,575 4,980,418 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11541844302056663007 4,987,575 2,558,217 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9988839211066715803 4,962,637 100,001 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9306550122583806885 2,916,900 1,000,000 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1264744488939798088 2,867,856 500,039 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7017504655955743955 2,724,712 224,622 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1796652256451468602 2,690,963 489 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8870453786186409991 2,684,479 3,058,444 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=3684449848581573439 2,468,850 219 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=620741658595224146 1,970,092 1,469,943 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12101431510634235443 1,845,403 2,100,606 http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7542917420413518667 1,476,156 9,476,896 This is fantastic news! |
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What is the preferred local password generator for Linux? 'openssl rand -base64 50' works well.
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Just wanted to say that 0.5.3 is running incredibly well for me. Is anyone still having problems with stuck blocks?
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Does it have a chart or something. It is difficult to do comparison with just a number. You gotta keep the chart upstairs. |
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Have you guys seen the price? Volume is good. Are we seeing big stakeholders unloading?
BTC isn't faring too well either.
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Once the initial buy-in period is over, how will the price be determined? Will a decentralized exchange be online then?
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Aye, let's use "deadNXT". I like deadNXT. |
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NEW SECURITY ALGORITHM IN USE - Update your password!
You may also use your old password, most important is that you
update the new encryption data to the DGEX database through the above form. Did GCInc confirm that we should change our passwords? |
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Nice work rickyjames! EpicThomas commited a crime, period. Is paying almost 48K NXT in restitution enough to where we just pillory him verbally in the forum and send him on his way in shame? Or do you want to go for blood and have me file something officially with the FBI? If he paid up, I say let him go. |
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GCInc! We need confirmation from you! Please post here to confirm we should change our passwords!
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