Can we at least wait until we have a completed White Paper and Open Source Client. I feel like I'm taking crazy pills here! I would like to have a nice brief article explaining Nxt, Features, POS, and then at the bottom, a download link for one of the Open Source Clients. You can't throw arbitrary marketing ideas around and expect funding, be more specific. We need to wait until we have a one click client, or we will lose people forever.
All happening in next week or two. Marketing takes time. Plan, preparing it, releasing it. 2 weeks is not very long time James |
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Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?
 This is the complete plan. 1,000,000 would easily cover costs to get most things started (and finished). We already know that some things on this list will only be important in a later stage. I trust salsacz to handle the funds and he can also keep the community up to date about spending. Edit: some of it is already done, by the way. THAT is NOT a plan, there are things in that list that are payed over and over with bounty The budget is for NEW items. Look at the 2014 column and the numbers of each item. I am sure salascz will be able to provide as much detail as possible. I think we have all seen the proven results. In order to plan marketing, you need to know what your budget is. Otherwise, how do you intelligently select where to spend money. The funds do not need to be there immediately, but it is important to know how much will be available. I nominate salascz to manage the marketing budget so it will go to all the places deemed valuable. Progress reports to be made as results come in and as long as community is satisfied, the payments continue. Marketing groups have been underfunded as compared to the technical side. This is natural. I am not advocating DOGE style marketing. I am talking about funding NXT style marketing. NXT needs a marketing budget. We have someone who has shown competence and can coordinate all the various marketing efforts. Then all the horrible disgusting marketing stuff will be distilled down to progress reports and the techies won't have to bother much about it. Please fund salascz's marketing plan. Do not stop any technical development. this is using funds that are just sitting idle as the competition is catching up with us. Let us use the resources we have. James |
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4. I care much more about building a sustainable NXT's community than spending money on wasteful marketing which it not going to work if NXT is not a useful product.
+1 ...DOGE marketing efforts are a non-issue... Really? Something with little technical merit trades at half of NXT marketcap and TEN times the trading volume, that is not an issue? When NXT volumes were depressed, DOGE was trading at 50 times NXT volumes. That doesn't matter? The technical person's bias against marketing is illogical. I can understand the other direction, but how can you argue about numbers. Is marketcap and trading volume irrelevant? James Did you look at salascz's plan? How does that resemble DOGE? Marketing is a cost of doing business. You have a product, why not communicate as effectively as possible about that product? Why bury it in the cellar and hope people will find it? James If one day Nxt marketing efforts resemble DOGE marketing efforts, I will seriously consider selling my NXT. |
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Why can't we wait until we have an open source client like nexern, then start with marketing? We need to point people to an easy one click install, otherwise people will come and then leave confused. Also, we need to focus on several core features so we have something to market.
Marketing takes time. We need to start now to have things ready in a timely fashion. Do you think we can say let there be marketing and the next day we have it??? Look at the power of having a single mainstream exchange has. I have been saying we need a place to trade NXT reliably. I was right. I am saying we need to start a larger scale marketing plan now, eg. salascz's plan. James |
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emunie's claims of being able to control the price is science fiction. There are no details. No algorithms. Nothing that proves to me that this extremely difficult problem has been solved. The reason for closed beta is to limit the price oscillations. Small systems probably can be controlled, but once it goes live with uncontrolled interfacing to 'bots, fanatical traders, external exchanges, etc. I predict there will be price volatility. Also, the hatching process assures that the price cannot really go up, but there is no balancing mechanism on the buy side. As demand comes in, EMU is created. When demand goes away, price will go down. But, EMU hatchers (founders) will have banked the 50% of all the new EMU that is created, and they could have 'bots immediately sell it to the demand side, immediately cashing in on the new demand. It is actually quite a brilliant way to collect 50% of new EMU sales directly to non-EMU currencies. Not a scam, but a highly disadvantageous system for early investors and later investors (all EMU investors), but since all this is disclosed in the whitepaper that will come out days before IPO closes, nobody can complain. If EMU raises $5 million (somewhat possible considering the level of interest), and another $20 million comes in, the most an IPO investor will make is 5 times. Not bad, but if the price drops 50%,it is now 2.5 times. Just have to hope it doesn't drop 80%. With the 6 week IPO process, who will be left who doesn't already have EMU? Where will the new demand come from? As crazy complicated as it is I doubt anybody really knows what will happen. Also, DOGE proves that anything can happen. James |
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4. I care much more about building a sustainable NXT's community than spending money on wasteful marketing which it not going to work if NXT is not a useful product.
+1 ...DOGE marketing efforts are a non-issue... Really? Something with little technical merit trades at half of NXT marketcap and TEN times the trading volume, that is not an issue? When NXT volumes were depressed, DOGE was trading at 50 times NXT volumes. That doesn't matter? The technical person's bias against marketing is illogical. I can understand the other direction, but how can you argue about numbers. Is marketcap and trading volume irrelevant? James |
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eMunie announced their IPO plan. two week open beta starting Feb 1, two week open beta2 Feb 15, two week IPO March 1, IPO closed March 15th
Everyone can purchase up to $10000 worth at ten cents each (or BTC or LTC equivalent)
More can be purchased by beta testers or if you email their investor address
eMunie feature set could have more than NXT feature set for approx 1 month period. eMunie takes a totally different approach by actively managing the price per EMU so that it will be within +/-5% of ten cents for an entire year. It won't matter what sort of demand and supply imbalance the crazy crypto market will have because there is a magic algorithm that solves what no fiat government has ever been able to do. Trust in Dan is the eMunie mantra
I believe emunie has a lot of good features and ideas and tech, but the entire premise could well be impossible to actually get working properly. Maybe they used supercomputers and modeled large scale simulations and all will be well.
How is an emunie investor going to make money? Here is the part that is unique, if more money comes in and the price stays the same, money is made by hatching. EMU is automatically created and distributed 50% to EMU holders and 50% to hatchers. So, an investors holdings gets diluted the more money comes in, but they participate in half of the increased money supply. I could not find info on hatching and how one controls it, but it seems like this is where the EMU creators will cash in bigtime. Using other people's money to start with and bringing in more other people's money and splitting it 50/50.
Create a super complicated system and there will be plenty of ways the creator of such a complicated system can make money. Disclose everything at the last minute (my guess around March 13th for whitepaper) and then nobody can complain that they didn't realize half of all new money coming in goes into EMU founder's pockets. Never mind that the presale is going on for weeks and weeks without full disclosure, those people didn't have to invest.
Have to applaud emunie in their marketing. It does seem to be quite effective and I would be extremely surprised if emunie was NOT in the top 10 on coinmarketcap as soon as IPO is done.
The big competitors for NXT will be emunie and DOGE. Do not laugh at DOGE, it is trading ten times as much as NXT in dollar volumes. Almost as much at LTC and a significant fraction of BTC trading. For those that think that marketing has no value and NXT does not need it, just take a look at DOGE's stats. Half the marketcap of NXT, ten times the trading volume. DOGE even has a bit of utility as it is used for tipping on the internet. Minimal functionality, maximum marketing.
Just imagine if NXT got maximum marketing. Please fund salascz's marketing plan. NXT is not alone in the second gen market, there is emunie, etherium on the content side and DOGE on the meme side.
Please fund salascz's marketing plan.
James
Implications : 1. No exchange will ever list Emunie because of the fixed price. So you will always need to come to Emunie to buy it. 2. Emuine's promise of stable exchange is entirely not viable. Dan has an assumption of Emuine's price never falls built in his model. Well I can't believe someone giving Emunie money for that kind of model. 3. People are crazy for IPO because people are dreaming of getting on the floor and getting rich someday. Ultimately, a product can succeed only if it can give normal people some functionality they need. All other things are noises. 4. I care much more about building a sustainable NXT's community than spending money on wasteful marketing which it not going to work if NXT is not a useful product. emunie will make Dan a lot of money. He did a brilliant job with the entire process. I am not suggesting we stop all tech work, I am not an idiot. I am talking about DEFENDING NXT position in the crypto world. Think of marketing as a cost of doing business. We need servers, we pay for servers. We need marketing, we pay for marketing. I do not understand your denial about the value of marketing. Marketing creates value in people's mind. Isn't that important? Marketing communicates the value of all the hard work the developers and community have created. If marketing doesn't matter, please explain DOGE James |
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Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?
OK, but send 3 million NXT |
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+1
FUND SALASCZ'S MARKETING PLAN IMMEDIATELY!
user friendly client will be ready in 1 WEEK
We need Pin to create a poll... Can we really let DOGE market cap get bigger than NXT marketcap? All we have to do is wait and not spend on marketing and DOGE will overtake NXT marketcap. Sooner than you can imagine. That would be so embarassing. DOGE's success shows how important the end user is. Technology by itself will NOT sell itself in a crowded market. DOGE is taking away capital from NXT. emunie will also take capital away, so will etherium. Do not kid yourself, NXT is not the only game in town. From the typical person's perspective, all the things not bitcoin are the same. "Hey, that's a cute doggie, I think I will get some." That is what NXT is up against on one side. "emunie wow I believe in magic, its just like fiat, but better" on the other side. I don't know of anything technical we can do to combat the doggie mentality. This is not a technical problem. No software project will solve this. 99.9% tech, 0.1% marketing is NOT the right balance. All of the successful tech organizations spend around 30% on marketing. 30%. NXT is not even close to that. DOGE is overtaking NXT in marketcap. Please fund salascz's marketing plan. James |
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eMunie announced their IPO plan. two week open beta starting Feb 1, two week open beta2 Feb 15, two week IPO March 1, IPO closed March 15th
Everyone can purchase up to $10000 worth at ten cents each (or BTC or LTC equivalent)
More can be purchased by beta testers or if you email their investor address
eMunie feature set could have more than NXT feature set for approx 1 month period. eMunie takes a totally different approach by actively managing the price per EMU so that it will be within +/-5% of ten cents for an entire year. It won't matter what sort of demand and supply imbalance the crazy crypto market will have because there is a magic algorithm that solves what no fiat government has ever been able to do. Trust in Dan is the eMunie mantra
I believe emunie has a lot of good features and ideas and tech, but the entire premise could well be impossible to actually get working properly. Maybe they used supercomputers and modeled large scale simulations and all will be well.
How is an emunie investor going to make money? Here is the part that is unique, if more money comes in and the price stays the same, money is made by hatching. EMU is automatically created and distributed 50% to EMU holders and 50% to hatchers. So, an investors holdings gets diluted the more money comes in, but they participate in half of the increased money supply. I could not find info on hatching and how one controls it, but it seems like this is where the EMU creators will cash in bigtime. Using other people's money to start with and bringing in more other people's money and splitting it 50/50.
Create a super complicated system and there will be plenty of ways the creator of such a complicated system can make money. Disclose everything at the last minute (my guess around March 13th for whitepaper) and then nobody can complain that they didn't realize half of all new money coming in goes into EMU founder's pockets. Never mind that the presale is going on for weeks and weeks without full disclosure, those people didn't have to invest.
Have to applaud emunie in their marketing. It does seem to be quite effective and I would be extremely surprised if emunie was NOT in the top 10 on coinmarketcap as soon as IPO is done.
The big competitors for NXT will be emunie and DOGE. Do not laugh at DOGE, it is trading ten times as much as NXT in dollar volumes. Almost as much at LTC and a significant fraction of BTC trading. For those that think that marketing has no value and NXT does not need it, just take a look at DOGE's stats. Half the marketcap of NXT, ten times the trading volume. DOGE even has a bit of utility as it is used for tipping on the internet. Minimal functionality, maximum marketing.
Just imagine if NXT got maximum marketing. Please fund salascz's marketing plan. NXT is not alone in the second gen market, there is emunie, etherium on the content side and DOGE on the meme side.
Please fund salascz's marketing plan.
James
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Apologies to author of vanitygen, this is all conjecture on my part and I do not know if the previous unsolved theft had anything to do with vanitygen.
Author of the Vanitygen is Jean-Luc. WARNING: For a given secret prefix, the passwords this program generates
are always the same. Therefore, using a strong secret prefix is crucial.
Anyone who can guess your secret prefix can use this program to also
discover your password. You have been warned. Unless you have a clue what the secret prefix of a particular account would be, it is extremely unlikely to find the password of a specific account. There was another vanitygen, it was closed source |
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it is possible for somebody to see an acct published here, look it up in the blockchain website, see that it is worth cracking and then using a tweaked vanitygen to bruteforce search for passwords that match your acct number.
actually this time he got robbed from 1 vanity address and 2 non vanity addresses, right? Not sure about the 2 smaller accts. |
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So we think this https://mega.co.nz/#!xZdhRAwJ!a6e7ORQYVdEapDXwiVr5ZVxzrkxki5RWMC3kdY6dfts is a keylogger? How can we get it shut down? or can someone decompile it and determine how much trouble it can cause? Doesn't have to be keylogger. If it just has a deterministic way to generate passwords, or a small number of seeds,then it can brute force search for a specific acct # All depends on how the passwords are generated internally. If a 16 bit random seed is used, just needs to run 65536 iterations. James |
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WARNING: DO NOT USE VANITYGEN
If you have an account with any significant amount of NXT in it, it is quite possible that somebody is using the vanitygen's algorithm to scan for your acct.
I am not sure how random the vanitygen program is and until we verify that it is indeed very random, it is possible for somebody to see an acct published here, look it up in the blockchain website, see that it is worth cracking and then using a tweaked vanitygen to bruteforce search for passwords that match your acct number. The bruteforce search for password can be done offline, so there is no way to detect this is happening, until it is too late.
I am not familiar with vanitygen's source, so this could be a false alert. However, for matters like this it is better to be safe than sorry.
High entropy random passwords are needed. Any method like vanity address generation can constrain the accts and the reduced number of them can potentially leave them open to a bruteforce attack. I am sure it is possible to create a vanitygen that is secure enough, I am just not convinced if the vanitygen that was posted a while back is secure enough from a mathematical standpoint.
Apologies to author of vanitygen, this is all conjecture on my part and I do not know if the previous unsolved theft had anything to do with vanitygen. I remember reading the release notes that the vanitygen program was not really finished and maybe password entropy maximization was one of the unfinished items?
James
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so i guess this means that all of the flaws were found and nxt is officially open source software?
3rd flaw worth 100K still not found, but you are probably making a joke I don't understand |
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much interesting
copycat meme
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interested
I usually write long posts!
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Apart from this jump today because of Bter.com, the price is depressingly not going anywhere - actually moving down.
You would think that NXT would gain a momentum by now, that it be proven that it's not a scam and that that would reflect in price, but no - it's not doing anything.
There should be more hype, more demand...
Tell me honestly you don't fell the same way? (put aside todays move)
just need to fund Salsacz's marketing plan |
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There is no way this can be right. If that was a true random hex number with that many digits there is no way it could be cracked easily. Can someone else input on this?
The second and third accounts had no 256-bit public key (no transactions out) so someone possibly could have accessed them via a collision. As someone else mentioned though as all three accounts were accessed (basically at the same time) it may be more likely he has malware on his machine. Does the destination acct have a public key yet? Nope. So it fits the pattern of the prior hack. The unsolved one before the tainted download. NXT ends up in darkNXT acct and sits there. James |
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