NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

oh come on help me out here.... im using jd-gui as you suggested.  I fed it the start.jar and I see lots of items under org.eclipse.jetty.start but nothing like Nxt.  Now ive never used a decompiler before and Ive only had Java1 & 2 in college so Im not a SW dev. I even did a search in jd-gui for Nxt and nothing showed up

Go to webapps\root\WEB-INF\classes\ and open Nxt.class 

im all set thanks

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[Damelon]

I just really disagree that LTB listeners should be treated like late night infomercial denizens by being bombarded with "catch phrases" and the like.

There is a distinct difference between written an listened to information processing.

My phrase "dumbing down" was unlucky.

However, I think your text easily has information for five separate segments in it:

PoS
Mechanics of TF
Transaction speed
Costs
Viability in the future

I understand the purist wish/need to link all these together, as they are, but instead of engaging most people, they most probably just would tune out to the message, due to information density overload.

Believe me, any scriptwriter has faced this dilemma.

[bitcoinpaul]

revision 1

Ready for whats next? Written from the ground up with brand new source code in an entirely different programming language, nxt is the first truely second generation crypto. By melding short term deterministic predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows those nodes to build trust within the community. When ever a merchant trusts future forging nodes, this trust can be leveraged for instantly secure transactions or for processing visa level transaction volumes via clearing performed by the nodes before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin and its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

needs a conclusion if anyone would like to help with that.

Explanation:
Boring stuff no one understands or cares about (I know, many understand it. but you get my point)
Wtf is he talking about

Stuff i would concentrate on:
1000 tsp and more (>visa)
No 51% attack -> 100% decentralization
No company, only community
Energy cost ~ 0
Evolving fast, many Stuff to come -> Only in the beginning. Join the revolution (ok, maybe this is too much)

[rickyjames]

So, just curious...How many of these spots will run in three months?  And what is the estimated number of listeners per spot?

I think its two episodes per week, with a listener base of 10000.

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine.  

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

This would have a CPM of around $20-$25.  Don Draper of Mad Men would say that's three times more effective.  Plus every ad could have a QR code or URL that would sweep the user immediately on to more info.

[NxtChg]

revision 1

Ready for whats next? Written from the ground up with brand new source code in an entirely different programming language, nxt is the first truely second generation crypto. By melding short term deterministic predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows those nodes to build trust within the community. When ever a merchant trusts future forging nodes, this trust can be leveraged for instantly secure transactions or for processing visa level transaction volumes via clearing performed by the nodes before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin and its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

needs a conclusion if anyone would like to help with that.

Honestly, I can barely follow you reading.

Listening to this will be just noise. Especially if you try to squeeze it in one minute.

I don't disagree with your strategy, but tactic needs 75% reduction in all that is not essential, like "entirely different programming language" - who cares? And what, is it a big advantage? Is Java so much superior to C that we need to feature it?

[Uniqueorn]

So, just curious...How many of these spots will run in three months?  And what is the estimated number of listeners per spot?

I think its two episodes per week, with a listener base of 10000.

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine.  

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

I'm with Rickyjames on this one.
I feel like the prices they are asking is steep as hell and they already invited us to speak there for free, didn't they? NXT is the future so they'll have to talk about us frequently if THEY want to be relevant.

Also after hearing some of these samples I get a feeling that we are a cheap brand desperately trying to get attention. NOt a good look. If it was interactive, sure, but this is just random soundbites

[bithic]

I just really disagree that LTB listeners should be treated like late night infomercial denizens by being bombarded with "catch phrases" and the like.

Ok, maybe a catch phrase is a bit much, but there needs to be a short definition each week for the benefit of those who are hearing about Nxt for the first time. It needs to be short so it doesn't take up too much room in the spot.

tell me what you had in mind.

I'll work on something, but I won't have time to think about it for an hour or two.

I still think your new draft is much too complicated for a 1 minute spot. I think I'm a pretty good representation of an average listener (professional software developer, technically-minded, but haven't delved into the inner-workings of crypto-algorithms), and that paragraph is something I need to mull over, re-read, and process slowly in order to follow your train of thought. Simplifying it in order to make it more digestible in one listen won't insult anyone's intelligence. It might be necessary to break some of the content out into other spots.

[bitcoinpaul]

So, just curious...How many of these spots will run in three months?  And what is the estimated number of listeners per spot?

I think its two episodes per week, with a listener base of 10000.

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine.  

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

This would have a CPM of around $20-$25.  Don Draper of Mad Men would say that's three times more effective.  Plus every ad could have a QR code or URL that would sweep the user immediately on to more info.

  that's cheap.

[Anon136]

revision 1

Ready for whats next? Written from the ground up with brand new source code in an entirely different programming language, nxt is the first truely second generation crypto. By melding short term deterministic predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows those nodes to build trust within the community. When ever a merchant trusts future forging nodes, this trust can be leveraged for instantly secure transactions or for processing visa level transaction volumes via clearing performed by the nodes before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin and its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

needs a conclusion if anyone would like to help with that.

Honestly, I can barely follow you reading.

Listening to this will be just noise. Especially if you try to squeeze it in one minute.

I don't disagree with your strategy, but tactic needs 75% reduction in all that is not essential, like "entirely different programming language" - who cares? And what, is it a big advantage? Is Java so much superior to C that we need to feature it?

"entirely different programming language" wasnt chosen arbitrarily. new code is a big selling point. if it was written in c++ it could be ostensibly new but in reality contain many small copy and pastes in a slightly different order. Not saying that it shouldnt be cut, maybe it should, we have limited resources, just wanted to point out that people do care.

[CCInvestor]

As a whale I can say that if voting power is dependent on amount of nxt, I will continue to value my coins high.

If something else is done, I won't value them as high I think.

[NxtChg]

revision 1

Ready for whats next? Written from the ground up with brand new source code in an entirely different programming language, nxt is the first truely second generation crypto. By melding short term deterministic predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows those nodes to build trust within the community. When ever a merchant trusts future forging nodes, this trust can be leveraged for instantly secure transactions or for processing visa level transaction volumes via clearing performed by the nodes before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin and its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

needs a conclusion if anyone would like to help with that.

Explanation:
Boring stuff no one understands or cares about (I know, many understand it. but you get my point)
Wtf is he talking about

Wow, your telepathic skills are fantastic! Exactly my thoughts! Thanks, you saved me a lot of work

So, what he said.

[newsilike]

So, just curious...How many of these spots will run in three months?  And what is the estimated number of listeners per spot?

I think its two episodes per week, with a listener base of 10000.

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine.  

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

I'm with Rickyjames on this one.
I feel like the prices they are asking is steep as hell and they already invited us to speak there for free, didn't they? NXT is the future so they'll have to talk about us frequently if THEY want to be relevant.

Also after hearing some of these samples I get a feeling that we are a cheap brand desperately trying to get attention. NOt a good look. If it was interactive, sure, but this is just random soundbites

I see your point and I think it's a valid one.
If we could somehow manage to get someone on the show, that would be amazing!
We still got the community fund ~13kk Nxt so thats quite a lot of money. We could do multiple things.
It's really a joke actually if we compare our marketing efforts to those of Ethereum.
We got the transparent forging, not them  

[Anon136]

revision 2 (tell me if im getting closer)

Ready for whats next? Written from the ground up with brand new source code, nxt is the first truely second generation crypto. By melding short term predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows forgers to build trust within the community. This trust can be leveraged by merchants to acheve instantly secure transactions or by customers to acheve visa level transaction volumes via transaction clearing performed by forgers before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin with its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

[Anon136]

also like i said before i dont expect people to understand everything on one fly by. i just want to provide the arguments in addition to the claims because thats better than just making unsupported claims. the point is not to teach them everything about nxt. its to get them interested. i think claims + arguments is more likely to acheve this than just random claims. Even if they dont listen to the arguments or understand them, the fact that they are there is value in and of its self.

*edit* they will get, oh visa level transaction volume, oh instant transactions, oh lower cost, and they have arguments to support the claims. then they can either replay it to listen to the arguments carefully or they can go do more research on their own.

[rickyjames]

So, just curious...How many of these spots will run in three months?  And what is the estimated number of listeners per spot?

I think its two episodes per week, with a listener base of 10000.

So we are paying a CPM of around $75 for this advertising.  That's really expensive.

I'm not saying these audio spots are a bad idea, I don't know.  I'm saying $20K is a LOT of real money for an advertising budget.

If we are ready to spend that kind of cash, we should consider print ads in Bitcoin Magazine.  

For $20K we could get full page color ads on page 1 for the next three years in a printing of 25,000 in each month's production run.

http://bitcoinmagazine.com/advertising/

http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/2013/12/BITCOIN-Pricing-List-Interactive-Issues-17-19_web.pdf

I'm with Rickyjames on this one.
I feel like the prices they are asking is steep as hell and they already invited us to speak there for free, didn't they? NXT is the future so they'll have to talk about us frequently if THEY want to be relevant.

Also after hearing some of these samples I get a feeling that we are a cheap brand desperately trying to get attention. NOt a good look. If it was interactive, sure, but this is just random soundbites

I see your point and I think it's a valid one.
If we could somehow manage to get someone on the show, that would be amazing!
We still got the community fund ~13kk Nxt so thats quite a lot of money.  We could do multiple things.
It's really a joke actually if we compare our marketing efforts to those of Ethereum.
We got the transparent forging, not them  

A community fund of 13K NXT is only 5% of the 275K NXT is about to be spent / blown on these audio ads.  I think some serious thought needs to be put into whether or not these are worth the high price being charged especially since page one color ads last and last and last in a prime print location while a voice message is gone in 60 seconds.  Plus the print ad has the follow-on URL / QR.  Plus it's three times cheaper.

[NxtChg]

"entirely different programming language" wasnt chosen arbitrarily. new code is a big selling point. if it was written in c++ it could be ostensibly new but in reality contain many small copy and pastes in a slightly different order. Not saying that it shouldnt be cut, maybe it should, we have limited resources, just wanted to point out that people do care.

Ah, I see. That's a valid point. Though, "written from scratch" would probably be enough.

You make it sound like it's written in some kind of advanced language, which is a big improvement in itself. Like it's Lisp or something

[bitcoinpaul]

i think claims + arguments is more likely to acheve this than just random claims.

Well, I think that's the problem here. This time, I don't believe you are right.

[joefox]

revision 1

Ready for whats next? Written from the ground up with brand new source code in an entirely different programming language, nxt is the first truely second generation crypto. By melding short term deterministic predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows those nodes to build trust within the community. When ever a merchant trusts future forging nodes, this trust can be leveraged for instantly secure transactions or for processing visa level transaction volumes via clearing performed by the nodes before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin and its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

needs a conclusion if anyone would like to help with that.

It also needs to be about 50% shorter than it is now.  75-100 words is all that can be fit into 1 minute, and 100 is REALLY pushing it.  In your case I'd go SHORTER because the text is VERY dense, technically.

The LTB audience is quite technical, generally, but they're also human.  We still have to catch their interest.  It's a podcast, not an academic conference

SAVE all of your longer versions, though.  We can definitely go in-depth, like this, in a full podcast where time is "free" because we create it

[jl777]

revision 2 (tell me if im getting closer)

Ready for whats next? Written from the ground up with brand new source code, nxt is the first truely second generation crypto. By melding short term predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future forging nodes allows forgers to build trust within the community. This trust can be leveraged by merchants to acheve instantly secure transactions or by customers to acheve visa level transaction volumes via transaction clearing performed by forgers before recording transactions in the blockchain. Nxt's 100% proof of stake security model eliminates many of the costs associated with blockchain security that are, with bitcoin, presently born by the savers in the form of inflation. Finally, unlike bitcoin with its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to the final test, if nxt works now, it will work always.

Anon,

super lots of respect for what you are trying to do, but the content of your one minute really should be the basis for an entire show or an infomercial. one minute is impossible to convey more than 1 idea and 1 call to action.

Remember, this will also be reaching total crypto newbies via terrestrial radio.

A one minute radio spot can only do so much. With radio, a lot of times people are not paying 100% attention to what is said.

I really liked joefox's second spot where there were all these news worthy things happening. If each time people heard the spot, they heard a string of even more news worthy things, then we establish NXT as always having good things happening.

I like the approach of the first spot announcing NXT, but without much details at all. Think Apple's 1984 ad. Then the subsequent spots tie into the first spot delivering on the promise of lots of good things happening with NXT.

Join the NXT team!

Something like that could be the call to action. If people hear all these good things happening with NXT, odds are they will want to become a part of it. With our unique decentralized community, anybody can participate, so I think that should be the call to action.

This is super expensive advertising, but listening to this will be dozens of very capable people who we should try to recruit into the NXT community.

If we can work in a recruitment pitch for talented people into the spot that would be fantastic. We have so many on the NXT team and talented people like to work with other talented people. The more talented people we have, the stronger NXT becomes.

James

[NxtChg]

... By melding short term predictibility with longer term uncertanty,

I still have no idea what are you talking about  

...proof of stake security model opens the flood gates for a torrent of breakthrough innovations...

You write for the print, not for the air! Too long, too nested.

I mean, come on:

This trust can be leveraged by merchants to acheve instantly secure transactions or by customers to acheve visa level transaction volumes via transaction clearing performed by forgers before recording transactions in the blockchain.

This is long and convoluted even for print!