#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

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

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.

Everything is being reported https://bitcointalk.org/index.php?topic=412243.440
Everybody 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

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 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.

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 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 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 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

or move to Belarus
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?

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.

bandwidth is sometimes hard to get that fast

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

You are in modern world, not everyone is from tech advanced country

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

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

Thanks!