As long as we trust Salsacz to make good decisions, then it is a matter of monthly budget. This is Feb. Are we really so objectively dissatisfied with January's marketing results that you are considering to not funding Feb? Are you ignoring emunie, etherium and mastercoin? They all make releases in Feb. You suggest to stop marketing spending now???
James
' Its been less than a month....i'm not asking for any results at the moment just for Salsacz to come up with some objective metrics so the community can quickly judge and decision when future portions are to be released. #5 coinmarketcap.com I think that is a pretty good objective metric, especially since it used to be lower just a couple of weeks ago. Marketing takes time and sometimes impossible to have accurate metric. In any case, the metric to measure marketing shouldn't be defined by marketing. It needs to be defined outside of marketing. You seem to feel strongly about this, so why not come up with these objective metrics you are so fond of. Keep in mind the danger of metrics is that marketing could end up concentrating on making sure the metric numbers look good to get more funding, so the metrics you come up with needs to be something that is really important and correlates to what marketing can influence. If we maximized google searches, we could end up spending money to maximize google searches. Is that really that important? Right now, marketing is working on converting the crypto industry decision makers attitude about NXT. This has nothing to do with google searches. James
|
|
|
I am the only one guy who created a list of conferences, who created a list of people of conferences, who is constantly inviting people to the conferences and also who was trying to start to get the funding for the conferences.
Keep up to good work....just try to develop an objective way for the community to judge the results of the spending. (accounts created, Nxt mentions in media, Google searches. etc.) This is normal practice for any marketing department when they have to report to management. Everything is being reported https://bitcointalk.org/index.php?topic=412243.440Everybody is encouraged to help. Metrics are a good idea, but it is not exactly easy to create a direct correlation of any single expenditure to a specific account creation. Now advertising is directly measurable, but the NXT community clearly rejected that. Marketing and PR take time. It is both qualitative and quantitative. I, personally, am impressed with what the marketing team has achieved. Let us not be such micromanagers of an area that might be outside our expertise. Does anybody have serious issues about the quality of the Marketing? If so, please help improve it. We need Marketing/PR James Salsacz is doing a great job....but some objective matrix is required if only to adjust our spending to more profitable efforts. What "more profitable efforts" do you suggest. Marketing thread is an open process. ANYBODY can contribute. Do you think Salsacz will ignore good ideas? As long as we trust Salsacz to make good decisions, then it is a matter of monthly budget. This is Feb. Are we really so objectively dissatisfied with January's marketing results that you are considering to not funding Feb? Are you ignoring emunie, etherium and mastercoin? They all make releases in Feb. You suggest to stop marketing spending now??? James
|
|
|
CfB,
I don't think anybody has disagreed with the 3 million NXT from unclaimed funds for marketing. Do you want to continue managing that by running polls, etc. or would you rather delegate that to someone else?
I suggest a directed donation of 3 million NXT to the NXTcommunityfund and let me deal with that headache. I would propose to put Pin in the position for tracking the spending as we know he will be watching it like a hawk. The marketing team would submit a budget each month with proposed expenses and as long as it is reasonable, it gets released.
The next 3 months are the most important times with all the other second gen cryptos coming out. I would much rather overspend by a bit during this period than underspend.
James
No need to centralize more funds, use Nxtcommunityfund to build Nxt infrastructure & keep the current set up with Salsacz as marketing point person for main community marketing fund...as was agreed earlier. make separate use of both funds....cuz at the moment results are lacking from both. Edit: we can install Pin to audit the spending of both funds. As long as it is clear that 3 million unclaimed NXT are allocated to marketing. I just wanted to make sure we won't get a surprise witholding of funding to marketing. Or having to approve everything by polls. We have a marketing team that has achieved results. If anybody has better ideas on how to spend marketing, definitely post your ideas and they will get used. just like writing code takes time, so does marketing. You can't get instant results. As long as we are doing the things that makes sense, then it will take time, but over time the NXT message will get out there. We do have to get a proactive NXT message out there to counteract the anti-NXT bias that exists. James 3 million is already approved....but we need to see result of the 1st 250,000k...to release the next portion. I;m against transfering said 3 million to Nxtcommunityfund.....lets keep them separate. Edit: we need an objective way to track results (i'm sure Salsacz will come up with something)....this is a normal practice for marketing departments. So far 0 NXT has been released from unclaimed NXT for marketing! CfB: Can we PLEASE release some of the approved funds. As long as the approved funds flow to marketing, I have no desire to have it in NXTcommunityfund. It is only when there seems a difficulty in getting the funds released that I have a feeling to do so.
|
|
|
I am the only one guy who created a list of conferences, who created a list of people of conferences, who is constantly inviting people to the conferences and also who was trying to start to get the funding for the conferences.
Keep up to good work....just try to develop an objective way for the community to judge the results of the spending. (accounts created, Nxt mentions in media, Google searches. etc.) This is normal practice for any marketing department when they have to report to management. Everything is being reported https://bitcointalk.org/index.php?topic=412243.440Everybody is encouraged to help. Metrics are a good idea, but it is not exactly easy to create a direct correlation of any single expenditure to a specific account creation. Now advertising is directly measurable, but the NXT community clearly rejected that. Marketing and PR take time. It is both qualitative and quantitative. I, personally, am impressed with what the marketing team has achieved. Let us not be such micromanagers of an area that might be outside our expertise. Does anybody have serious issues about the quality of the Marketing? If so, please help improve it. We need Marketing/PR James
|
|
|
CfB,
I don't think anybody has disagreed with the 3 million NXT from unclaimed funds for marketing. Do you want to continue managing that by running polls, etc. or would you rather delegate that to someone else?
I suggest a directed donation of 3 million NXT to the NXTcommunityfund and let me deal with that headache. I would propose to put Pin in the position for tracking the spending as we know he will be watching it like a hawk. The marketing team would submit a budget each month with proposed expenses and as long as it is reasonable, it gets released.
The next 3 months are the most important times with all the other second gen cryptos coming out. I would much rather overspend by a bit during this period than underspend.
James
No need to centralize more funds, use Nxtcommunityfund to build Nxt infrastructure & keep the current set up with Salsacz as marketing point person for main community marketing fund...as was agreed earlier. make separate use of both funds....cuz at the moment results are lacking from both. Edit: we can install Pin to audit the spending of both funds. As long as it is clear that 3 million unclaimed NXT are allocated to marketing. I just wanted to make sure we won't get a surprise witholding of funding to marketing. Or having to approve everything by polls. We have a marketing team that has achieved results. If anybody has better ideas on how to spend marketing, definitely post your ideas and they will get used. just like writing code takes time, so does marketing. You can't get instant results. As long as we are doing the things that makes sense, then it will take time, but over time the NXT message will get out there. We do have to get a proactive NXT message out there to counteract the anti-NXT bias that exists. James
|
|
|
CfB,
I don't think anybody has disagreed with the 3 million NXT from unclaimed funds for marketing. Do you want to continue managing that by running polls, etc. or would you rather delegate that to someone else?
I suggest a directed donation of 3 million NXT to the NXTcommunityfund and let me deal with that headache. I would propose to put Pin in the position for tracking the spending as we know he will be watching it like a hawk. The marketing team would submit a budget each month with proposed expenses and as long as it is reasonable, it gets released.
The next 3 months are the most important times with all the other second gen cryptos coming out. I would much rather overspend by a bit during this period than underspend.
James
|
|
|
I ** REALLY ** want this dynamic automatic adjusting of overall network TPS. It is like dynamic memory allocation versus static allocation, except we are talking about expensive server costs here. Managing the NXT network would become much simpler if we just had to identify the lagging nodes and dealing with those, rather than the alternative.
By picking the right percentage of acceptable blacklisted nodes and acceptable percentage of spillover blocks, we could lower overall NXT server costs by 50% or more.
James
I think we will get that blacklisting automatically with TF fully enabled. Do you remember that TF do kind of blackisting of accounts which skip their round of forging? I figured it did, but if we somehow slowed down the networks TPS rate, then more nodes can catch up, reducing the blacklist percentage. I have no idea what percentage of nodes would get blacklisted at 1000 TPS, but I know that less would get blacklisted at 500TPS. If we can run at 1000TPS and the blacklist percentage (from lack of speed) is acceptable, then let it run at full speed. however, if 60% of the network can;t keep up, then much better to slow down the overall TPS. If we can automatically do this, then there is no need to have the max TPS hardcoded.
|
|
|
More seriously, is there a way to limit overall network TPS? If so, we can gradually change it to match actual usage levels. If some peak time blocks need to spill over into the following block, that won't be so bad. If 20% of the network gets blacklisted due to lack of bandwidth that seems worse.
Maybe we crank it up to full speed and see what happens? Maybe there is no issue at all?
U could be the guy who answers these questions. I dont have the data I need to be able to answer any of this. I have no idea if TPS can be capped. If it can, I am assuming it will require a new client version with a new hardcoded cap. Then again, we might be able to define an acceptable percentage of nodes that are blacklisted due to not enough bandwidth/CPU/etc and have it AUTOMATICALLY adjust the overall network TPS to the acceptable lost nodes percentage. Then if we find that TPS is bottlenecked by too many slow nodes, we upgrade those nodes or turn them into thin clients. Is this automatic max TPS changing possible to do? I ** REALLY ** want this dynamic automatic adjusting of overall network TPS. It is like dynamic memory allocation versus static allocation, except we are talking about expensive server costs here. Managing the NXT network would become much simpler if we just had to identify the lagging nodes and dealing with those, rather than the alternative. By picking the right percentage of acceptable blacklisted nodes and acceptable percentage of spillover blocks, we could lower overall NXT server costs by 50% or more. James
|
|
|
More seriously, is there a way to limit overall network TPS? If so, we can gradually change it to match actual usage levels. If some peak time blocks need to spill over into the following block, that won't be so bad. If 20% of the network gets blacklisted due to lack of bandwidth that seems worse.
Maybe we crank it up to full speed and see what happens? Maybe there is no issue at all?
U could be the guy who answers these questions. I dont have the data I need to be able to answer any of this. I have no idea if TPS can be capped. If it can, I am assuming it will require a new client version with a new hardcoded cap. Then again, we might be able to define an acceptable percentage of nodes that are blacklisted due to not enough bandwidth/CPU/etc and have it AUTOMATICALLY adjust the overall network TPS to the acceptable lost nodes percentage. Then if we find that TPS is bottlenecked by too many slow nodes, we upgrade those nodes or turn them into thin clients. Is this automatic max TPS changing possible to do?
|
|
|
Whoever gets the asset name of the crypto name, eg. "BTC", "DOGE", "XCP", etc.
This will unfortunately create a bidding war for the Asset names of the other cryptos, but I see no way around that.
Feedback?
James
Think of the Asset name as something like Crypto Trading, Nxt AE. I am not sure where you are coming from with "BTC", "DOGE", "XCP", etc. Not saying an Asset can't have one of those names, but having a currency mentioned in the name is/should not be a requirement. Would you not trade FOREX, for example, with MB Trading just because EUR, GBP, USD, etc. is not mentioned in the name? Does the omission of the currencies in the name make them any less of a FOREX gateway? Would you not buy shares of MB Trading if they were offered? ...same thing applies to Cryptsy, Bter, etc. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I am not suggesting exclusive, just suggesting that anybody that obtains such assets use them to represent the corresponding crypto, instead of turtles. This avoids confusion.
|
|
|
I have some press contacts that would be interested in the Counterparty story after the burn period has ended. With Wwat press story should we lead? - Counterparty and the end of Proof of Burn.
- Counterparty and creating your own currency without mining
- Counterparty: Satoshi Nakamoto is back with a new shadowy group
I am curious and seeking new ideas from the community. From a professional standpoint, I like 2. From a "sensationalism sells" standpoint, 3 sells. XCP is most differentiated by its proof of burn origins. It is the first ever crypto that did this isn't it? The other things are stuff other crypto can claim and with limited PR ammunition, I would think it best to go with strongest point. Proof of Burn is so radical, just getting that out there should get a lot of coverage. Once people find out about proof of burn and they want to dig deeper, then all the other stuff can be presented. James Yes and thank you. So you're looking at #1. The Proof of Burn idea is the first evert for a project of this size. The Proof of Burn story can have radical perspective and the coverage would be interesting. Yes, the bait will bring more eyes to the project and more work with XCP. Your thoughts are helping here. Good work. I have some experience with Market Positioning. I am glad to help! This whole proof of burn is radical for the crypto community, can you imagine what the mainstream press's reaction will be when they find out we burned over $2 million of BTC!? We should get at least that in free press coverage. "$2 million dollars goes up in flames!" I think there is a chance to get onto mainstream media with this. Just need the right contacts. XCP, we are so crazy we must be onto something big! When people realize there is actually a well thought out rationale behind it, they realize XCP creators are a pretty smart bunch of guys. If they are so principled and intelligent, this XCP must be really good. Also, XCP is the FIRST community that actually welcomed me, a clear outsider from a different crypto if you look at my sig. Presumptive sale! What XCP actually does will go way above most people's heads. I think the important thing to get across is that Proof of Burn serves a very real purpose. It is probably the most fair way to start a crypto. It doesn't even dilute BTC. I think people will understand the philosophical underpinnings of Counterparty. With over 300 cryptos out there, gotta establish some uniqueness. Dominate that category, get into people minds and never let them forget. That is the key. emunie and etherium are stumbling out of the gate with their money grabbing tactics and dilutive aspects of their currencies. I dont know much about mastercoin, other than they spend way too much on marketing. Fairness, openness and the counterparty culture. Make that the story. I suggest to avoid all the comparisons against mastercoin, emunie, etc. Sell them on the culture and XCP wins. The reason is XCP tech must be so good they didn't need the funds to develop it. Investors will figure this out on their own. 2 to 3 month lead on mastercoin, no funny business with allocation of initial funds. I am a bit tired, so I apologize for rambling, but I hope there is enough coherent stuff in my post to be of use. I am not quite sure how yet, but I have a very strong feeling that NXT and XCP will really help each other out. I did post good things about XCP today on NXT thread and not sure if that caused the doubling of burns today. I would not be surprised at all if a lot of NXT'ers are also XCP'ers. My assessment is that both NXT and XCP will come out way on top of the other second gen cryptos James
|
|
|
bandwidth is sometimes hard to get that fast
Ok, then such poor guys should lease their forging power to hubs. or move to Belarus ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) More seriously, is there a way to limit overall network TPS? If so, we can gradually change it to match actual usage levels. If some peak time blocks need to spill over into the following block, that won't be so bad. If 20% of the network gets blacklisted due to lack of bandwidth that seems worse. Maybe we crank it up to full speed and see what happens? Maybe there is no issue at all?
|
|
|
emunie and etherium update:
Very active times in the next gen crypto space. I know laws aren't supposed to apply in crytoland, but crypto is getting big enough that it is overlapping the real world
Rumours of the incorporation of emunie seem to be fully confirmed. They are a UK company now, subject to all the laws of her Majesty. Probably a very wise move, considering all the potential liability a large scale IPO with uncertain results could incur. By incorporating, Dan has the ability to create golden parachutes, large salaries, dividends, etc. Even long time fanboys of emunie are upset. Not sure of percentage ownership, but my guess is vast majority is owned by Dan. Shrewd financial operator, with dubious ability to predict crypto markets as evidenced by BCNext's hat.
This move to being fully incorporated makes emunie into Ripple 2.0! Since emunie won't have fiat gateways or external exchanges, the big impact will be in ease of use and raising the bar as to what people expect. I urge all client developers to study the emunie beta (if you can download it) to make sure we are doing all we can in the usability side. From what I have heard emunie has an excellent GUI and we can't ignore any excellence regardless of where it is.
If anybody knows of any actual functionality that NXT (of 2 months from now) lacks in comparison to emunie, please let me know so I can make sure we fill the gap.
On the etherium side, they actually listened to negative feedback on their IPO structure and pulled the IPO. Not sure if what they come back with will be simpler or more complicated, but they announced a testnet release. If anybody has any actual experience with their testnet please post what relevant things etherium has or could have.
We now have the funds to proactively outdo ALL the competition. As the leading second gen crypto, as long as we defend against competitors, we win. Oh, TF and 1000TPS makes us win too, but I just want to win even without that. Better to win by 1000 kilometers than by just a kilometer.
James
Good idea. Also, it's been a while since I've checked in with eMunie, but I believe the claim is it will be able to handle credit card transaction volumes at very high speeds. We may have stiff competition on this front. I guess there is some small chance emunie's price controls doesn't create a downward spike and implodes, at least for a few months. Best to make NXT as strong as possible in all areas.
|
|
|
You are in modern world, not everyone is from tech advanced country
Do smartphones that can't have 1 Mbps link exist? bandwidth is sometimes hard to get that fast
|
|
|
I have some press contacts that would be interested in the Counterparty story after the burn period has ended. With Wwat press story should we lead? - Counterparty and the end of Proof of Burn.
- Counterparty and creating your own currency without mining
- Counterparty: Satoshi Nakamoto is back with a new shadowy group
I am curious and seeking new ideas from the community. From a professional standpoint, I like 2. From a "sensationalism sells" standpoint, 3 sells. XCP is most differentiated by its proof of burn origins. It is the first ever crypto that did this isn't it? The other things are stuff other crypto can claim and with limited PR ammunition, I would think it best to go with strongest point. Proof of Burn is so radical, just getting that out there should get a lot of coverage. Once people find out about proof of burn and they want to dig deeper, then all the other stuff can be presented. James
|
|
|
As time goes on, everything gets faster and faster so maybe at first only high end smartphones can handle a sustained 1000TPS network, but later more and more can.
One of my old smartphones had constant 15 Mbps connection. I would be able to forge with 10'000 tps rate. U guys should stop and look at ur numbers again. U think they r big, but actually they r not. You are in modern world, not everyone is from tech advanced country
|
|
|
Count me in.
I've been thinking about this whole 1000 TPS thing and have a basic question. If ANYBODY can be the node that generates a block, but a node with a low rate data link can't support 1000TPS, then are we saying that the NXT TPS chain is only as strong / fast as its weakest link?
I am guessing any node that can't keep up will automatically become blacklisted and they fall forever behind. Such low bandwidth nodes will need to run slim clients. Not sure how they will be able to send NXT James So we start by telling people they can forge NXT based on their stake, then blacklist them forever if they can't meet a certain level of performance? If this is true then we better stop telling people they can forge on their smartphones now, rather than later. Some promotional material may need to be changed to reflect a realistic cost of forging on a high TPS network. It is more a matter of bandwidth than processing, though at 1000TPS CPU power would probably be an issue. A smartphone with wifi that is fast enough might be able to keep up. Not sure though, at some point we probably need to get benchmarks on a variety of configurations. As time goes on, everything gets faster and faster so maybe at first only high end smartphones can handle a sustained 1000TPS network, but later more and more can. Unlike with BTC, as time goes on, more and more hardware can keep up
|
|
|
Does anybody know how to setup a testnet? How many servers, etc. I might need to get one setup as early as end of next week.
James
obtain a list of participants... Count me in. I've been thinking about this whole 1000 TPS thing and have a basic question. If ANYBODY can be the node that generates a block, but a node with a low rate data link can't support 1000TPS, then are we saying that the NXT TPS chain is only as strong / fast as its weakest link? I am guessing any node that can't keep up will automatically become blacklisted and they fall forever behind. Such low bandwidth nodes will need to run slim clients. Not sure how they will be able to send NXT James
|
|
|
Alias wrote:
Maybe I'm wrong but I think that there is a relatively easy way to do this:
Say Alice is a Counterparty user and Bob is a NXT user. Alice and Bob want to get their respective tokens "into" each others systems. They can set up a multisig address (2 of 2) on each system to which they both have 1 of the keys. They can both add some amount (say $10,000 worth) of their tokens into the multisig addresses. So now the NXT address has say 20,000 NXT and the Counterparty address has 4,000 XCP. Both Alice and Bob can define the appropriate assets/colored coins. They are effectively performing escrow for each other. In this manner you are actually "backing" NXT assets with NXT and XCP assets with XCP.
Of course there are all sorts of potential issues with this such as - how do you know that Alice and Bob aren't the same person. In the long-term that doesn't matter because both Alice and Bob will be DACs. You could technically trade between an "XCP colored NXT" and an "NXT colored XCP" via "Alice and Bob".
So there's an answer to your earlier question James: The most valuable DACs? - How about one which facilitates interoperability between decentralized exchanges.
Another neat way of doing this would be to extend the Counterparty Protocol across both Bitcoin and NXT (using the arbitrary message system)! This would mean the NXT system could have colored coins on top of colored coins. "This coin represents a Counterparty token which represents my deeds to this house". *** He is in transit now and I need help to make sure I understand what we need to do in order to have a fully automated DAC gateway.
I understand what a ripple gateway does and I think the automated DAC gateway just needs to do the equivalent of what a ripple gateway does, namely receive actual XYZ and issue Asset name XYZ and the reverse, receive asset name XYZ and send actual XYZ.
I need a smart person to explain clearly how exactly the DAC can do this. Where does it exist, how does it run, how it will sync with two blockchains, etc.
James
|
|
|
Does anybody know how to setup a testnet? How many servers, etc. I might need to get one setup as early as end of next week.
James
obtain a list of participants, have them generate new accounts from new passphrases these particiapants will provide IP addresses of their clients that will particpate. these IP addresses will be used in wellknownpeers files set up a network of clients that are configured to use some other 2 ports other than 7874/7875 have a member on 1 client willing to send NXT from their local client on the testnet from an existing account to all other new accounts then we are basically running on an isolated fork with just limited people Thanks!
|
|
|
|