I will repeat my idea again as a solution for AM to make it easier to send AM while saving us from spam. You charge 1 nxt as messaging fee to send AM to an account but allow the sender to resend any amount of messages he wants to that same account within 1440 blocks. 1440 blocks after the 1st msg he has to pay 1 nxt msg fee to send AM again. If he wants to send to a NEW account he must pay 1 nxt msg to send AM to this NEW account. After paying this 1 nxt fee he can send any amount of messages to this NEW account for 1440 blocks. WHY THIS IS GOOD:  It allows you to freely communicate to another account but saves us from spam because its quite stupid to spam the same account & if you want to spam all accounts you have to still pay 1 nxt per msg. +1. Really like this idea. |
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I would like to offer a personal 100k bounty for anyone who can develop a Nxt torrent function using AM. I believe we could also develop a decentralized marketplace using the same model, I need SR back! But seriously, I'm sure the community would reward in addition to my bounty. I can start a separate thread as well.
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0.5.8 running so smooth, and much faster! Thanks JLP.
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Why don't we designate 6Mil for immediate development of clients, features, mobile apps, etc up to the April time frame. We can offer larger bounties like 250k-500k and get some seriously good programmers on board with a vested interest in Nxt (they will continue to help in the interest of their stake). Then we can spend the 3Mil on website, marketing, tradeshows, etc..
the numbers say it too - 52 for spend now and 22 for some freeze. I would say: developers could take 6 mil now, marketing can take 1 mil now to pay something to translators, article authors, graphics, conferences and in April marketing can take remaining 2 mils and begin with promotional giveaways, gaming tournaments, etc Sounds good, how are we on handling the accounts? I'm guessing we can do a multisig account for bounty Nxt. I think it would be smart to hold half of the 6Mil development Nxt for long term prospects (after April), of course it's not my call. Would it make sense that we have some kind of voting function in place prior to making any transfer? |
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Why don't we designate 6Mil for immediate development of clients, features, mobile apps, etc up to the April time frame. We can offer larger bounties like 250k-500k and get some seriously good programmers on board with a vested interest in Nxt (they will continue to help in the interest of their stake). Then we can spend the 3Mil on website, marketing, tradeshows, etc..
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I've used eMu in Beta, it's definitely not a scam and Dan has worked hard. I do think it's in poor taste to gang up on Pin. He did a lot of free promotional work for you in the beginning and was genuinely interested in helping eMu. eMu's loss is definitely Nxt gain. Most of us using Nxt like eMu, it's like the movie Step Brothers, at first we don't like you, then we become best friends. |
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How much are you investing? It seems to me that the more people invest, the worse off for everyone in terms of ROI, am I correct?
Haven't decided. Still need to see details. As far as investment levels and dilution, there is a sweet spot up to which additional investment reduces risk and accelerates product to market and allowing more features to be created in parallel, yielding the same ROI in a given time frame. Beyond this point, the start-up is overcapitalized and diluted, reducing ROI, since there is more investment than the organization can handle. It would be like trying to make a baby in 1 month by putting 9 women on it.Haha, I like that. Do you have investment in Nxt? I will give you some if you want to create an account and PM me. That way you can at least see why the coin doesn't belong on the scam list. Thanks for offer, will let you know when I have the client installed. I'll send you some NXT too. It's not a scam coin, but I will officially call NXT a real coin once they get a real exchange e.g. Vircurex. That is happening in a couple days, got some Nxt waiting for you td! |
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I remember coming here at page 36 thinking I had already missed the boat. Congrats on 1000!
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Best way to fight global "warming" is to stop breathing... so much CO2 production every second...  While green plants love it. Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already. I don't understand wtf you are talking about? Energy conservation is infact a real issue. Global warming is accepted by every reputable scientist in the entire Universe, why should we not use that oppourtunity to highlight yet another benefit of NXT? Wut? GW is a proved fake. Even pro-global-warming "scientists" already agreed to change its name to "global climate change" since everyone sees that it's total crap. There were always periods of global warming and global cooling and they will always be. It has nothing to do with us. Especially with mining. Really, what planet do you live on, not earth. |
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Best way to fight global "warming" is to stop breathing... so much CO2 production every second... While green plants love it. Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already. I don't understand wtf you are talking about? Energy conservation is infact a real issue. Global warming is accepted by every reputable scientist in the entire Universe, why should we not use that oppourtunity to highlight yet another benefit of NXT? He's just stating that's its not completely carbon free, because nothing is truly carbon free, but it is very energy efficient and conservative. |
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nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
Please do! |
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The more and more I find mining so barbaric and snobistic.
haha i know exactly what you mean. im looking at this new proposal eTherium and it really piques my interest but i cant stop thinking, "mining... really... what is this 2009?" Wish it was Yeah, I just feel like mining is a corporate game, no chance for us little guys. |
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6 months down the line from now, general advertising may bring us big gains, but if we go all-out now, we will just get a lot of pissed-off people who can't get the tech to work reliably and they will probably not be telling all their friends to go out and buy some NXT.
nobody says to go up now.. 6 months is a good time to get prepared BUT - Bitcoin is famous because it was first. So if there will be any other PoS / fork with huge marketing asset, they will be the first because of the media attention Salsacz, dont get me wrong, mate, I think u (and the rest of the PR guys) are doing a brilliant job. Keep on going... But I don't want us to do a DeLorean and bring something brilliant, but not exactly finished, into the spotlight. If NXT (or any competitor) goes large too soon and things go wrong because the tech is not quite ready, there will not be a second chance to get it right. NXT is in a good position right now, and I think that one of the few ways it can go badly wrong is if we try to force it to grow too quickly. Yes, I agree, let's wait on marketing until we have a solid client and feature set. At that point, you may find that we don't even need to market Nxt. I think we need to offer more significant bounties in development for the immediate future. |
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How much are you investing? It seems to me that the more people invest, the worse off for everyone in terms of ROI, am I correct?
Haven't decided. Still need to see details. As far as investment levels and dilution, there is a sweet spot up to which additional investment reduces risk and accelerates product to market and allowing more features to be created in parallel, yielding the same ROI in a given time frame. Beyond this point, the start-up is overcapitalized and diluted, reducing ROI, since there is more investment than the organization can handle. It would be like trying to make a baby in 1 month by putting 9 women on it.Haha, I like that. Do you have investment in Nxt? I will give you some if you want to create an account and PM me. That way you can at least see why the coin doesn't belong on the scam list. |
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... divide the IPO price by 1000 and multiply every other number by 1000. There, the coin is now "cheap". Better yet, denominate everything in terms of "wei" -- "wow, I can have a quadrillion coins for a satoshi? Deal!"
I'm still puzzled as to why the initial offering price is at all important here.
Because it's a POW coin. People want to know if it makes more sense to buy it or mine it. Absolutely doesn't matter. Mining output scales as the amount of initial issued currency. The only thing that matters is how much BTC is invested in the first place, not what denomination that BTC is converted to. Now if mining output did not depend linearily on the amount of issued currency (if it were 50 coins/block like BTC, for instance), then there would be a difference, and your point would be correct. Are you joking? Do I spend 1BTC for 8k Ether during IPO, or do I wait and mine because I think there will be a supply of 600mil Ether after the IPO, and 30Mil Ether will be mined, and I can earn 8k no problem. Also, the price per Ether is very important when considering how many resources will go into mining in the first year. |
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I would say that we allocated at least 6Mil for Dev. If you build it, they will come. I really don't see a reason to allocate more than 1-2Mil for Marketing/PR.
Totally ignoring the fact that it is the PR and marketing that grows the community which ends up building the ecosystem It's a factor, but good development features and clients are the ecosystem. |
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(also NXT ipo was too short and invisible and maybe was even closed early, that's why price shot up afterwards. Had they waited long enough with high exposure to and broad discussion by the public, price would've been "exactly right" after ipo)
Do you mean it could/should have also been 0.0001 NXT/BTC? The NXT launch wasn't invisible, not sure why people think that. Also, the goal of Nxt launch wasn't too have some Bitcoin Conference mass marketing IPO extravaganza. It was to get a working POS system launched and let the community take over. Yet many people have misconceptions about it being a scam coin. To me, a scam coin is one that draws hundreds/thousands of btc investment in a pre-sale and then caters to ASIC miners. It wasn't invisible, but it was cut short with no advance notice to prevent further dilution of existing investment. A week later, they started selling NXT at a 4762% markup (yes, that's over 47X original purchase price). NXT is number 2 on the scamcoin poll, https://bitcointalk.org/index.php?topic=361286.0 . "They" you are referring to were people who took a risk to donate to an unknown developer's project, regular forum members like you and me, the founder didn't sell a thing, in fact, he has only given away millions of Nxt to developers. The markup you are talking about is still more than 100x cheaper than Ethereum IPO price. I bought 1M nxt for 1BTC. Your reference to the scamcoin poll makes you look ignorant, you and I both know those are envy polls. Where is Ethereum on that list? BCNext ended the Nxt IPO early because he didn't want to collect hundreds of BTC. You're partially correct - BCNext (and/or come-from-beyond) didn't want to collect more BTC, maybe even hundreds of BTC, which would reduce their percentages of the distribution. If they had just announced the early close because they collected enough BTC, they probably would not have collected much over 5 or 10 more BTC since it was a high risk investment and not have caused animosity among those interested but not yet invested. People tend to focus on price per share in a pre-sale, but what they should really look at is the price for a given percentage of the total pre-sale. If the shares are PoW mined, then the net rate of issuance of new shares is also a factor. How much are you investing? It seems to me that the more people invest, the worse off for everyone in terms of ROI, am I correct? |
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... divide the IPO price by 1000 and multiply every other number by 1000. There, the coin is now "cheap". Better yet, denominate everything in terms of "wei" -- "wow, I can have a quadrillion coins for a satoshi? Deal!"
I'm still puzzled as to why the initial offering price is at all important here.
Because it's a POW coin. People want to know if it makes more sense to buy it or mine it. |
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Where is Ethereum? That is the definition of a scam coin. A Pre-Mined POW made by a serial coin creator.
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Woulda Coulda Shoulda. Then sell me some NxT as a token of gratitude for pumping the price up.
Sorry, in 3 weeks the price will touch 1'000 BTC for 1'000'000 NXT mark. I don't sell at current price. Remember, CFB is from the future. |
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