We agree on this! When the time to vote comes, we vote by posts. Will boost the page count, but we will all see the actual votes. No sockpuppets. If the majority of known members decide, they should be able to ignore newbie accts with no history
this is how we picked our Nxt logo....it worked....but this time I will modify some parameters....what do you think of the above suggestion....AM send & post the account from where AM is sent with the name you nominate? Accounts have to be created on Nxtcoin & Nxtcrypto.org before Feb 2nd to be eligible....those not yet having accounts on either can: SIGNUP ON EITHER NEXTCOIN or NXTCRYPTO before the poll start date to be eligible to vote BUT ONLY IF YOU HAVE POSTED ON THE NXT :: descendant of Bitcoin - Updated Information THREAD BEFORE FEBRUARY 2nd.2014And 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.I managed the Final logo poll.....i'm sure the community has faith in me organzing this poll as well. Not fair to the people that can't send an AM. For example people on the road and whose laptop can't run NRS. I say keep it simple. Just a forum post, "Approve Process" or "Reject Process" for the vote on the process. "Approve Slate" or "Reject Slate" for the trusted members. Everybody will be able to see the votes, everybody will be able to make sure no sockpuppets. This is too important. |
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the open vote for Funding committee members will begin soon.
Funding committee will decide when they are chosen this should be finalized within 10 days times.
U shouldn't use poll this time. Force people to post their voices as messages.
& Have at least one outgoing transaction before FEB 2nd. CfB approved a community consensus on the process. Please support this. |
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the open vote for Funding committee members will begin soon.
Funding committee will decide when they are chosen this should be finalized within 10 days times.
U shouldn't use poll this time. Force people to post their voices as messages. We agree on this! When the time to vote comes, we vote by posts. Will boost the page count, but we will all see the actual votes. No sockpuppets. If the majority of known members decide, they should be able to ignore newbie accts with no history |
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Please approve this, or if unacceptable let me know what you don't like and we can modify the process.
I can't approve this coz it's the opinion of one single member of the community. Ok, so if you are saying if the community approves my proposal, then you will follow it? James Sure ************** 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. ************** NXT community, we finally have a way to unleash the unclaimed NXT. I have made a proposal based on my understanding of past discussions, consensus, etc. The most important aspect is the separation of advisory committees and spending ability. This is to prevent conflict of interest or even appearance of conflict of interest. If it turns out 1 Million NXT is not enough for the 1000TPS hub infrastructure, then I certainly would recommend adjusting the tech/infrastructure ratio. ANY other issues with my proposal? We are not deciding on the actual trusted members, nor any of the advisory committee members. This is to determine the process. James |
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I think this is a very important issue. I would like to have an open debate over my proposal and then when all voices are heard, I will update the proposal. Then we can have a public vote. This way we can see who is voting and we will be able to make sure there are no sockpuppets.
James
the open vote for committee member will begin soon. funding committee will decide when they are chosen this should be finalized with 10 days times. Is there going to be separation of deciding what to spend money on and the people who have access to the funds? |
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jl777 please stop all your junk. This is pathetic.
Hello Mr. mastercoin troll. Was wondering how long it will take. Up for a feature by feature comparison of mastercoin and XCP? I still cant figure out what mastercoin does. James |
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Please approve this, or if unacceptable let me know what you don't like and we can modify the process.
I can't approve this coz it's the opinion of one single member of the community. Ok, so if you are saying if the community approves my proposal, then you will follow it? James I think this is a very important issue. I would like to have an open debate over my proposal and then when all voices are heard, I will update the proposal. Then we can have a public vote. This way we can see who is voting and we will be able to make sure there are no sockpuppets. James |
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Please approve this, or if unacceptable let me know what you don't like and we can modify the process.
I can't approve this coz it's the opinion of one single member of the community. Ok, so if you are saying if the community approves my proposal, then you will follow it? James |
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I'm kind of surprised at the low trading activity so far. Only 800 XCP traded in 4 transactions on the google doc, and only 11 XCP traded in 2 transactions on the Counterparty distributed exchange.
I've got 800 XCP available for 8 btc.
I'm working on putting these XCP on the distributed exchange now. I'm also willing to trade directly for btc in small increments.
All you need to receive the XCP is a Bitcoin address. No need to install client or anything. You can create a blockchain.info wallet and receive XCP on that address.
Sudden change in price is giving people pause, people just need to better understand what XCP represents. Maybe lurkers are waiting for a panic sell  |
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I have a question about Dividends. It relates to my previous question. Again it seems that trust in the issuer plays a giant role here. If we cannot completely trust the issuer, the value of the asset needs to be discounted.
Is there a way to create trustless assets? There seems to be a way to put BTC into escrow and I assume the same for XCP. I might have missed this, but is there a way to designate an Asset as being backed by assets in escrow? That way, the purchaser of an asset would have the option of always just redeeming it for the amount in escrow. For things like pooled BTC (XCP) funds, it can be 100% backed by escrow and there would be no risk of default or funny business.
If there was a way to put other cryptos in escrow, then a crypto fund could be setup, closed ended for sure, maybe even open ended and it could be composed of a variety of altcoins and BTC providing a diversified portfolio to reduce risk in this volatile market.
Further risk could be removed (or income produced) by buying put options or selling call options. I am envisioning professionally managed crypto portfolio that doesn't require trust!
Any chance of this anytime soon? Anytime at all?
James
Soon...Soon! You guys are amazing. I am going to have to update my valuation model if this keeps up James |
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CfB, you said you would prefer to delegate the management of the 3M NXT for marketing. Have you decided who you will delegate it to?
I need a proof that the community is agree on transferring of this 3M. What form of proof would you accept? We debated at length about the amount for marketing and my recollection is that 3 million NXT for this year in 12 installments was an amount that very few objected to. There are still debates over exactly how to spend it, but that is a different issue. I posted numerous times if anybody objects to 3 million NXT for 2014 marketing to post objections and nobody is objecting. Are you waiting for the selection of the trusted members to transfer the NXT to? I am confused as to what is required for the NXT community to be able to fund the required marketing and additional tech development so that we can make sure to put emunie, etherium, etc. in their rightful places. James Explicit confirmations from 51%+ of guys from the committee we r electing is enough, I think. If the others vote for them then they can decide, IMHO. I strongly suggest separating the people who hold the money and are responsible from disbursing it from the people who decide how the money should be spent. That is common sense. James |
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CfB,
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 approve this, or if unacceptable let me know what you don't like and we can modify the process.
James
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the HUBS will need to be high end....I think you should focus on building up the hub infrastructure.
No, it's the community who should focus on building up the hub infrastructure. Well it is community funds which are in the NxtCommunityfund right. Well, actually no. The NXTcommunityfund was funded by private donation from aldrin and Pouncer and neer.g, plus another mystery donor. It is named community fund, but it is NOT the unclaimed coins. As a privately funded fund, I have a bit more flexibility in its allocation, but I am always asking for community feedback to guide me. I remember the unclaimed NXT got increased by 1 million NXT and BCnext said that he expects the community to fund the server infrastructure. My assumption is since those two things happened at the same time, that the 1 million NXT of unclaimed NXT is for server infrastructure |
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CfB, you said you would prefer to delegate the management of the 3M NXT for marketing. Have you decided who you will delegate it to?
I need a proof that the community is agree on transferring of this 3M. What form of proof would you accept? We debated at length about the amount for marketing and my recollection is that 3 million NXT for this year in 12 installments was an amount that very few objected to. There are still debates over exactly how to spend it, but that is a different issue. I posted numerous times if anybody objects to 3 million NXT for 2014 marketing to post objections and nobody is objecting. Are you waiting for the selection of the trusted members to transfer the NXT to? I am confused as to what is required for the NXT community to be able to fund the required marketing and additional tech development so that we can make sure to put emunie, etherium, etc. in their rightful places. James |
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we are getting ahead of ourselves with valuations and market caps. Let the client roll, let the people learn about this and the market will determine cap.
There cant be and there isnt any cartel as even if people wanted this, it is not realistic.
XCP should start trading on exchanges and from there the market will determine value.
I burned a few BTC because of the potential but I also dont think that it is a $100M cap just yet for a software in an alpha stage. patience is virtue.
I am estimating current fairmarket value at around $20 million USD. Nowhere close to $100M. That sort of valuation will have to wait until all the usual stuff is completed and we are on at least a second tier exchange. There are thousands of people who burned BTC and I think it is important to be realistic. To be able to trade intelligently, people need a rational valuation. I am open to other valuation models. So far, two totally different methods both come to around the same value of $20 million USD. James |
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I'm happy to have gotten us all back on track
@CfB - so, details on the 1000 TPS NXT block chain. At 128 bytes per transaction, do you agree NXT is adding 10 GB per day to the blockchain if each transaction is carried along in it forever? Is this practical, or will NXT be doing ongoing blockchain pruning somehow instead? If so, what is the max size of the NXT blockchain in 1000 TPS mode? Volume of data on a hard disk doesn't matter. We just have to guess min fee correctly. smartphones dont have terabyte of storage, maybe they do in Belarus? |
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I have a question about Dividends. It relates to my previous question. Again it seems that trust in the issuer plays a giant role here. If we cannot completely trust the issuer, the value of the asset needs to be discounted.
Is there a way to create trustless assets? There seems to be a way to put BTC into escrow and I assume the same for XCP. I might have missed this, but is there a way to designate an Asset as being backed by assets in escrow? That way, the purchaser of an asset would have the option of always just redeeming it for the amount in escrow. For things like pooled BTC (XCP) funds, it can be 100% backed by escrow and there would be no risk of default or funny business.
If there was a way to put other cryptos in escrow, then a crypto fund could be setup, closed ended for sure, maybe even open ended and it could be composed of a variety of altcoins and BTC providing a diversified portfolio to reduce risk in this volatile market.
Further risk could be removed (or income produced) by buying put options or selling call options. I am envisioning professionally managed crypto portfolio that doesn't require trust!
Any chance of this anytime soon? Anytime at all?
James
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@James
You mentioned that a part of your NxtCommunityfund will be paid on marketing....you should initiate this immediately....we run two separate marketing campaigns.
Let both marketing campaigns compete to product more results for Nxt.
In order to properly budget the NXTcommunityfund, I need to find out what is happening to the unclaimed NXT. Remember, I can only allocate one third of the fund to marketing, so it is actually not so much compared to the 3 million authorized from unclaimed NXT. It seems that very soon, we will get clarity on the issue. I do believe the trade shows funding request got approved with flying colors. Are there unfunded marketing campaigns that are super time sensitive? the 3 million will be paid out in parts on a monthly basis on the 18th of each month for the next year....that is confirmed. after CfB leaves is post it will be managed by the funding committee....but the terms will not change. CfB, please confirm this. James |
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TL:DR version:
Global Warming ignored by EvilDave, me think air pollution bad, too much CO2 probably bad.
Trees good, clean cooking in poor countries good.
NXT run on computers, computer burn electricity, electricity making dirty.
Compensate dirty electricity, plant nice clean trees, make clean cookers.
Give EvilDave much money, he make happen.
Make big pile money work forging, make more money for future. Buy beer.
So... instead of Nxt being awarded for its ground-breaking energy conservation... its minimal footprint should still be "taxed"!?!  I am truly sorry... but you might have tried to remain GW neutral... but your whole proposition is based on that premise. Now, now. No politics here. Just an effort to leverage a super hot button. More press is good. For whatever reason, this issue will get a lot of coverage and resonance. THAT is what is important to me. Nobody is taxing anybody. The way I see it, it is a cost of being able to run this type of campaign. It is actually quite novel. People have complained that marketing wasn't doing anything but making videos and writing articles. Now they come up with something that is clearly neither of those. I am tempted to experiment with this. Just to see how it will work. I am just having sticker shock at an entire years purchase... James |
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While saving energy and being eco-friendly is a strong argument in Nxt's favor, let's not forget that even more importantly Nxt gives people economic freedom. This is the most important freedom of all. You can give people every other freedom in the world, but without economic freedom it means nothing. They are still slaves to the "debt as money" usury capitalists.
Bitcoin is broken because the security of the network can be forcibly compromised by third-parties. Nxt's security does not have this issue. A third-party would have to hold over 90% of all the currency to destroy Nxt. To destroy Bitcoin, a third-party would only have to have over 51% of the network processing power. Any entity can purchase tons of ASICs and destroy Bitcoin.
Even 33% attacks are possible for bitcoin. A financial attack (massive buys for all NXT) will probably not get more than 90%, so we are safe even from that. There is a guy in France who wants to create a totally NXT based society. I thought it was kind of cool. Buy a cow with NXT! When the fiat currencies start to fail, one after another, people will need crypto to carry on commerce. James |
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