Bitcoin Forum
June 20, 2024, 10:24:42 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 [70] 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 »
1381  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 10:50:12 PM
honest question to everyone thinking about how to implement voting procedures.

we are trying to find a way to verify the unique identity of a voter in an anonymous environment.
does that strike as odd to anyone else?

The aim is to be sure it's one voter, one vote. (I hope)
I am not tech savvy enough to ascertain that within a digital environment without giving up identity.

Is there?
1382  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 10:48:21 PM
My friends and trading colleagues asked why I chose to invest in Nxt so I made a video to explain the 3 main reasons I think someone should invest in NXT:

http://prisonorfreedom.com/3-reasons-why-you-should-invest-in-nextcoin-nxt/

Tai Zen

Excellent! I love your clear style of presentation.
I post them on my blog, too (linking to PoF) and the video easily gets most hits.

I also like the fact that you honestly warn people about the amount they can safely invest.

Edit: haha, love it that rickyjames gets a mention Cheesy
1383  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 09:39:28 PM
No system is perfect.
If we are trying for a perfect system, we will indeed be boned.

The question is if we are judging a system by the fact that someone can take advantage of it or by how much good it actually does.

If we can think up a simple (requirement 1) system that can be explained to any voter (requirement 2) that has a low probability of abuse (requirement 3) that also allows for tweaking in the future based on new insights (requirement 4), then I say implement it and accept that at some point it will f*ck up and we will be prepared for that.
1384  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: descendant of NXT - Imagine Fairness! on: January 20, 2014, 09:31:03 PM
considering the only difference between Nex and Next is the distribution IPO. you need to have a clear idea of what the IPo is (as it is the only selling point)

first you stated that the only entry was "interest" in it by posting in the thread...then you started promising double to people who help.....now a special entry line to current NXT holders to make them jump ship.....what next?
the egalitarian entry model is starting to slowly disappear.



yes,  people who say they are interested will get coins.

yes, people who help will get coins proportional to their help.

yes, people who got scammed by visacoin will get coins proportional to what they lost.

yes, people who got left out holding Nxt will get coins proportional to what they exchange.

any more classes of people you want to add?

do you have a problem that we are giving away coins?


I think the main problem he is referring to is that you are already creating a "class" distribution by giving some groups an "edge" Smiley
1385  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 09:24:04 PM
I couldn't care less about these calculations. I care about the idea NXT represents and that would make NXT a success or not.

Either you want to present NXT as a rich guy's club with some kind of superior technology or you want to present NXT as a network/ movement for free people, for decentralization and against all power government.

The first option is not going to work for long. Because as I said we are in open source community.  

Think about bitcoin. Do you really think bitcoin succeed because it has a superior technology ?

I haven't posted a single calculation either...

Mainly because they go over my head.

Having said that: íf we have a voting system, it cannot be allowed to be gamed.

As far as I see it, that is the only thing that matters. Everything else is detail.

1386  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT - Voting on the scope of authority of the funding committee on: January 20, 2014, 09:20:52 PM
Don't you just love decentralised decisionmaking? Smiley

At the moment we are all starting to shout at each other because we are invested in Nxt. Not just with money, I mean as an idea and something we want to make happen.

That's GOOD!

The fact that we sometimes have totally different ideas of how to achieve this is also good. It means we are getting new ideas and evolving our model.

However, we are starting to reach the point where we are unwilling to listen anymore.

I sincerely hope we all can take a deep breath and can try to get to what we want again.

Nxt is growing and that will mean loads of people with different opinions coming in.

That's hard to deal with, however way you slice it, but it will happen.

Found this nice article in the NEX thread, by the way. It struck a chord regarding the issues in this topic at the moment: http://www.businessweek.com/articles/2012-12-18/grunt-funds-are-trending-in-startup-circles
1387  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 09:06:33 PM
+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it.

No we don't. Why do we have to accept it??  It can just as easily be implemented without costs, please explain why does a vote has to be paid by the voters. (honest question, not trolling)

The only reason that makes sense to me is that we are actively trying to make people NOT vote

Yes thats exactly right. Not everyone should vote about everything. Someone who doesnt understand anything about the protocol should not be voting on issues relating to changes to the protocol. By making voting free people vote because they have no reason not to and you get ignorant voters voting on issues they know nothing about. by adding a cost people will only vote on something they actually care about which will tend to be things that they actually KNOW something about.

But then, if not everyone is supposed to vote, why have the vote, and the poll, and the community outreach in the first place?
If not everyone should vote, we don't need a voting mechanism at all.

If you're going to cherry pick who should and should not vote then its not decentralized or democratic or even useful to have the mechanism. You may as well do personal interviews on a case by case basis, lol. Those with the most stake should have the most weight in there votes as they have the most to lose. Plain and simple. Any attempts to craft a system where the stake is not the basis for voting weight will just be "abused" and have the same outcome and in fact I view this as less fair anyways. If you want to make technical changes to the network that a large holder may not understand then it is your job to educate them along with stakeholders of any size so they can make an informed decision.

Well just let me be direct here. If you guys want to keep the rich-based voting and makes NXT rich guys club. I am going to make a fork as soon as I can.  It is open source

community after all. I already have a thread  going here https://bitcointalk.org/index.php?topic=422129.0 and I have several million NXT in funding. Someone is going to do it

anyway so I will do it first when my millions of  NXT still have  some values.  

Somehow I think we are getting off track in the discussion here.

The way I read it is that you want voters who actually care about the issues that are voted upon.

The discussion revolves on how to make that happen.

I couldn't care less if that meant that everyone had equal opportunities to vote. The issue seems to be you want interest, and not "shit and giggles" votes, as that basically renders the voting system unusuable.

The fact that big stakeholders happen to be the ones with the most to lose just means that. It's a tautological statement: "I have a lot, so can lose a lot. Therefore I have a big interest in any vote".

The part that is missing, I think, is that we fail to involve the smaller stakes at this moment. If we say that a small stakeholder has less to lose and is thus less involved, we miss an important aspect of the whole equation, which is community.

So, how to involve, appreciate the smaller stakes in such a system? It would be great if everyone has an intrinsic motivation, but in my experience, that is just not the case in real life, mostly.

Edit: what am I missing?
1388  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM :: descendant of NXT - 4 billion coins on: January 20, 2014, 08:59:51 PM
interested Smiley
1389  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 08:46:31 PM
+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it.

No we don't. Why do we have to accept it??  It can just as easily be implemented without costs, please explain why does a vote has to be paid by the voters. (honest question, not trolling)

The only reason that makes sense to me is that we are actively trying to make people NOT vote

Yes thats exactly right. Not everyone should vote about everything. Someone who doesnt understand anything about the protocol should not be voting on issues relating to changes to the protocol. By making voting free people vote because they have no reason not to and you get ignorant voters voting on issues they know nothing about. by adding a cost people will only vote on something they actually care about which will tend to be things that they actually KNOW something about.

But then, if not everyone is supposed to vote, why have the vote, and the poll, and the community outreach in the first place?
If not everyone should vote, we don't need a voting mechanism at all.

You say:
By making voting free people vote because they have no reason not to.

But voting is about engaging in a community[/b, taking part in the process. What you say is completely opposite by the idea of voting.

Voting on issues that you basically don't care about, just for shits and giggles is extremely destructive though.
All voting systems have certain thresholds built in to keep them manageable.

If I make a vote about say, marketing (this is one of the things I know about) and 200 uninformed people vote based on knowledge that is incorrect or incomplete (and who also have no intention to inform themselves), then voting will die.

Putting up a moderate threshold, which will make people think before voting, will actually make the voting system work.

It should not be so restrictive that you can't vote, but it should be restrictive enough to discourage useless voting.
1390  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 07:23:53 PM
so r u saying he would have to invent TF himself to compete?

Yes.  Grin

 Grin  its a feature

Edit: features don;t have to be open source do they...just like HIVE or DNA

Sorry but I just stumbled upon this while preparing my summary.

Nearly blew coffee through my nose laughing.

I had never realised it and it's bloody hilarious  Grin
1391  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 05:20:46 PM
Made a starting point homepage for newcomers:

http://www.mynxt.org

If you find wrong information or have some suggestions, please PM me. Thanks!

I hope you like it!

(registered a new nick on bitcointalk for this)

Nice one!
1392  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 05:14:19 PM
Lunchtime call to vote for the funding issue https://bitcointalk.org/index.php?topic=423241.0

We will try to wrap it up tomorrow. So be a NXTer and go vote  Smiley

A bitcointalk poll? Really?

Is this a test to see who has the most bitcointalk alt accounts?


No that's what KLONE is for Wink
1393  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 05:01:34 PM
just sent 0.06BTC to poloneix.com
will report here to keep people updated with my experience
at a glance it looks like poloneix is going to be a dgex killer

Bter is the DGEX killer. Wink

i have heard that bter has very restrictive withdrawal limits

Day withdrawal limit: 200000NXT

I think this is enough?

it was yesterday 200 NXT

Apparently only a few hours in the beginning.
1394  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: descendant of NXT - Imagine Fairness! on: January 20, 2014, 04:54:23 PM
You can either invest in a proprietary rigged coin or you can invest on one that is open and free.

We believe in an open and free process will trump out a proprietary process.   

That's not really an answer, but I'll stop clogging up your thread. You gave me some, and that's OK, too.
I have already shown interest and will continue to follow this thread.

Personally, I think your view on business tends to the naïve, but maybe you'll prove me wrong.

Good luck in what you are trying to achieve Smiley
1395  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 20, 2014, 04:51:00 PM
Well, I faced a moral dilemma and would like to ask for an advice...

FrictionlessCoin created a thread dedicated to NEX (descendant of NXT). I had a lot of fun reading that thread but I suspect some people took NEX seriously. The problem is that if FC waits till April when Nxt source code becomes completely open, he still won't be able to generate a valid genesis block, coz Nxt uses a crypto algo modified by BCNext (this is why we collected 10 BTC for the audit). I support all cryptocurrencies and would like to help him to create a new genesis block, competition is good for the whole crypto-community. But this could look not very good to guys who own NXTs...

What would u do?

I would tell him that the only way for his coin to be truly fair, would be to make it free forever.  Otherwise, he's creating nothing new or fair.

I work for a non-profit and so work willingly for a small wage doing a job that could earn me loads of dosh.
That doesn't make it "unfair", it makes it my choice.

I find these cries of "unfair" so unbelievably naïve. I entered Nxt and couldn't buy a lot, because of said wage. So I decided to work, and it's paying off, because people here value work. I love that. Anyone who puts in hours and puts himself in the limelight can earn. I really believe FrictionlessCoin believes his story, though. That makes it a bit sad, because in the end he will still have to deal with the accusations of those who came later to the party.

The sad truth is that a lot people are out for a free lunch.
1396  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: descendant of NXT - Imagine Fairness! on: January 20, 2014, 04:35:06 PM
A few questions:

First: I still haven't got an answer to my serious question how you are going to avoid a tech based bias in your distribution.
It seems that people that are less able to do your beta testing or development (for all that I applaud merit based distribution) will almost automatically have a better chance at a bigger stake. Would you please explain if and how you plan to avoid this?

Second, as a Nxt holder (a small one) I seem to be in a better position to acquire NEX. Again, thanks for the advantage, but how does that promote a fairer distribution? I actually earned all my Nxt with bounties, so now I am basically NEX easier because I own Nxt?

Thanks for the answers.

There are a lot of ways to contribute that goes beyond knowing technology.

Creating graphics,  writing articles,  selling on eBay, ..  it is wide open!  

We don't want want Nxt holders to feel disenfranchised with NEX development so we are offering the opportunity to translate their holdings.   You will have to exchange your Nxt into NEX.   We priced it extremely low so that you have every chance to gain.

We are also giving away coins to VisaCoin holders who were unfairly scammed.  We don't have to do it,  but this would only be fair.  

Thanks for the answers. Smiley

What is your view on NEX and NXT existing side by side?
I ask this, because the NXT community is committed to NXT, too, and a smart investor doesn't put all his money on one card.
I also ask this because two coins continually fighting each other is basically bad business.

As a last one, because it's a difficult one: I personally dislike the word "fair" in business. I make money because I have skills that others do not have. I also make money because I am willing to put in the effort. There is a real issue also for the NEX community after the IPO closes how it will address the people who will enter after IPO and *will* have to pay more if it is a success.


1397  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: descendant of NXT - Imagine Fairness! on: January 20, 2014, 04:21:29 PM
A few questions:

First: I still haven't got an answer to my serious question how you are going to avoid a tech based bias in your distribution.
It seems that people that are less able to do your beta testing or development (for all that I applaud merit based distribution) will almost automatically have a better chance at a bigger stake. Would you please explain if and how you plan to avoid this?

Second, as a Nxt holder (a small one) I seem to be in a better position to acquire NEX. Again, thanks for the advantage, but how does that promote a fairer distribution? I actually earned all my Nxt with bounties, so now I am basically NEX easier because I own Nxt?

Thanks for the answers.
1398  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 20, 2014, 03:56:45 PM
HONG KONG CONFERENCE IN JUNE SHOULD BE HIGH PRIORITY....HONG KONG IS THE GATEWAY TO CHINA.
detailed date ?

Hong Kong is Inside the Bitcoins series, if I remember well:

I am not sure if I should post to both of our threads (this + marketing), but what the hell, new list of conferences:

Conferences: Miami (January 25), London (21 January), Berlin (February 12/13), Texas (March 6), Amsterdam (March, May), New York (April 7/8), Canada (April 11/13), Washington (June 20/22), Hong Kong (June 24/25), Melbourne (July 10/11), London (September 10), Las Vegas (October 6/7)

edit: all conferences, articles and videos are in the OP of marketing thread. There is also a new conf in:
Shanghai (September)
well,salsacz , got it,thank you

Quick update on the Amsterdam 18-20th March conference:
http://www.bitcoinference.com/

I've had a chat with the guys at the venue, they have absolutely no confirmed booking for the conference yet.
Apparently it was originally scheduled for November 2013, but the booking was cancelled.

I sent a couple of mails to the addresses on the Bitcoinference website, but so far there is no reply at all.
So I just fired up my Google-fu skills and I think I've found the conference organiser, but he (and his organisation) seem to mostly be available via F*c*book, so I gave up on that approach.

I don't think the conference is a scam, but I do think that it is probably not going to happen or not be a very large scale event.
If i've heard nothing useful by the end of this week, I'm going to conclude that its not going to happen.

But, do not despair, fair Nxt'ers, because there is still a conference in May:
https://bitcoinfoundation.org/forum/index.php?/topic/652-bitcoin2014-l-may-15-17-l-amsterdam/

Of course, by then we may all be sitting in the Maldives, drinking beer served to us by supermodels.

I'm not the least bit surprised at this.
The worst part of it, is that they are still updating the site and are selling tickets.
So I would definitely call it a scam, because there is no way they will ever be able to book Science Park just a few months in advance.

Pity. Hopefully the bitcoinfoundation conference will turn out to be legit.

Having acquired over 10,000 Nxt now, I am willing to do a video conference from the Maledives, too, though.
1399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 11:59:36 PM
Why?  He's not been very helpful at all.

He did an awesome promotion of Nxt.

+1

...catching up slowly....

Got a link to this promotion?  All I've ever see him to is attack NXT.

Basically this thread https://bitcointalk.org/index.php?topic=422052.500

It provided much exposure for NXT (and NEM, NOX, NEXX, ME.TOO and FRX) Wink

And you forgot NEXXX for some reason.

I wanted to keep it for myself
1400  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: descendant of NXT - Imagine Fairness! on: January 19, 2014, 11:58:32 PM

I am interested, too.

BTW, how about distributing coins based on Bitcoin ledger?

For example, the first big distribution occurs proportionally to the
amount of bitcoins held. After that, gradual distribution of lottery
system calculated from all Bitcoin's block headers and balance (this
will ensure on-going distribution which is unpredictable).

Also, this will make all existing bitcoins (and future coins) worth
more, which (I think) is good for the entire cryptocoin's faith.


It would be interesting to start a discussion on how best to fairly distribute the coins.

Distribution should not be proportional to how wealthy you are.  Rather is should be based on another metric.  

Distrubution similar to Bitcoin should be proportional to the effort expended to secure and improve the network.  How that is done is open to discussion.

Serious question: how would you keep distribution from being tech owner biased in the beginning?
Pages: « 1 ... 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 [70] 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!