Well, for the NXTalias company we have wesleyh and I am sure others now who feel deserving of a share of the NXTalias pie.

aldrin has pledged his 1% stake's forging output. This is such a fantastic thing that it makes all of this possible.

to make this more real, we need to have the following:


a) Calculation of total forging revenues based on NXT pledged to community fund. This acts as a surrogate of pooled mining, instead people contributed to increasing transaction fees and get a prorata share of big NXT pool

b) percentage distribution of a) for each different method of transaction fee generation. I think right now it is sending fees and alias fees.

c) Nomination of people who should split up the allocation of b)

d) peer voting of all properly nominated people in c) to determine each person's share. Eg. each person has a fixed number of points they can give to each other person other than themselves. Tally up each person's total to get their percentage of the NXT.

In math we trust.

I will be happy to be arbiter for whatever issues require arbiting. As long as the voting is by public post, it will eliminate collusions and we all know who the heavy lifters are.

James

P.S. I think someone in the NXTIPO company should do most of the above as the NXT represents profits directly attributable for a group and makes an excellent starting point for company profit reports which allow for investor valuation of NXTcompanies in general. Maybe each NXTcompany would allocate some percentage of their NXT to the NXTIPO company for this?

"Nxt server/client is written in Java and can possibly run on your mobile phone, unlike Bitcoin."

+1
Code release and noob friendly GUI will be game changers.

Great idea. Someone should make a kind of newsboard in which when people do anything with NXT they can one-click share it in the newsboard.

The storm will begin when Nxt reaches Bitcoin market cap. U have ~6 months to prepare urself for this show.

That's possible in eyes of (humanity-2) people.

OK, he went away later, right )

I was just going to ask, since it's Java it should be compatible with coffeemakers too, right?

Why NXT is asset? It's bigger than that. It's decentralized payment system with written down scheme of sharing profit (fees). Am I right?

OK... talk to you NXT Year everybody!!!   

PEACE

will nxt be more as a payment system?

I'm talking abou Global Voting only. No benefits I see so far, but HUGE risks.

Finally if you drop this stuff and concentrate on how to get voting implemented for more day to day stuff then you can come back to this later if you have to.

VOTING

Sorry if this has gone off topic – but I had an idea and just had to write it down...

This is Voting Proposal that tries to balance stake with number of participants – its not 1 account 1 vote but hopefully the blend in here will make it difficult to screw the vote with either 1 account holding lots of NXT or lots of account holding little NXT.

1. A vote is proposed

• default majority is 51%,
• default participation is 51% of all 30 day active accounts with min 1 NXT BEFORE the vote was proposed.
• default duration is 24hours and this is minimum.

2. The properties of the vote is that the proposer can propose are

• the required majority level (weighted NXT)
• participation level (max 100%, minimum 10% of active accounts)
• the duration (hours, min 24)

2. The vote is submitted to the network.
4. The voters can weight their vote with their non-refundable NXT Fee min 1 NXT
5. The voters also confirm or reject the majority & participation proposals if they are different from the default, this component is NOT weighted by the NXT Fee and always requires 51% of the participating voters to agree.
6. The vote completes once the participation level is met and 51% of those voting have agreed with that participation level.
7. If the vote does not achieve  51% agreement of proposed participation and achieve that participation then the voting transaction fails and everything rolls back.
8. If the vote does achieve 51% agreement of proposed participation AND that participation is achieved then the vote is successful and the transaction completes.
9. People need to be able to query the vote, see the current stats and increase their FEE if they so wish.
10. The vote result is the number of VOTEs for/against weighted by their respective NXT Fees.
11. The Total Vote Fees are then divided equally between the forger of that block and the participating voters.

So you can buy votes but not by buying NXT and just holding it, you need to be active and put some of your stake behind your vote – if everyone feels equally strong and puts 100 NXT in their vote then you will get most of your stake back but if you want so badly to win you put 1,000,000 NXT in and everyone put in 1 NXT then you may well win but then your stake is divided up amongst the voters.

Yes some people will vote with 1 NXT hoping to get more than 1 NXT in Fees I guess and will try to use mutiple accounts but whatever system is implemented there will always be some who try to screw it.

Will we ever get true distributed DNS instead of just alias system? (like namecoin)

We need the Voting System for a fully functional and efficient NXT Asset Exchange.

The community should NOT express its opposition to the Voting System being used for other NXT issues as an opposition to the Voting System in general.