NXT :: descendant of Bitcoin - Updated Information

[jl777]

This is EXACTLY why I recommended we try to recruit people with our LTB spots. Marketing is indirect. Get the high quality people on board the NXT team. How many more jean-luc's are out there who will go into the etherium or other projects because they didn't know enough about NXT.

My guess is that a lot of people only know the anti-NXT propaganda. So they wouldn't even consider researching NXT, let along joining the NXT team.

We need to market this community. That is what sold me on NXT's future.

I agree with this part. If we're going to market, our target audience should ideally be two types of people: 1) End users, of course, but more importantly 2) skilled developers and businessmen.

NXT's strength is decentralization, and if we market to these type of people, they will see that they have a golden opportunity in the NXT ecosystem to contribute and make a name for themselves. And when they do, NXT's community will grow. Eth's and MSC, etc. single group of devs can only do so much at a time. NXT's group of dev's will only grow in time and eventually outpace the best other coins can do with our sheer volume of talent.

So if we do marketing, I believe marketing right now to get skilled people on-board is a good idea. Price increases will simply be a side-effect of the productivity the new talent brings in.

yes!!

OK, replace the word "recruiting" for all my usage of "marketing" in my recent posts.

We need to recruit as many people into the NXT community as possible.

I am not a marketing professional. I just know that marketing works. Let's spend NXT to recruit 100 highly capable people into the NXT community. Whatever you call that, that is a good thing.

msin, is that better?

James

[bitcoinrocks]

Is anyone else getting an SSL warning from dgex.com?

[pandaisftw]

IMO, those parts just feel corny and unnatural. Overall it's definitely a good improvement.

I put them in because I imagined the geico guy talking, "15 minutes can save you 15% or more..."

So while they may be corny in conversation, in an advertisement they always end with some catchy statement. Maybe we should have a vote/poll for NXT's catchy statement? I just pulled "Next Generation of Cryptocurrency" from our logo

But we can get rid of "What's NXT" in the beginning, I agree that is overly corny.

[PeercoinEnthusiast]

To the whales out there, I have a question.
If the community voted to spend 10 million NXT in community fund on marketing, how would that affect you:

A) Positively, would buy more
B) Neutrally, no change
C) Negatively, would sell part of all of NXT

Any other comments from the "whale" perspective about NXT marketing spending would be appreciated. If you are thinking this way, then odds are that other potential whales are thinking the same way too.

James

I would be absolutely appalled if we spend 10Mil Nxt on marketing, that is utterly ridiculous.  

We have a lot to talk about and present to the world right now as MUCH work has been done and there hasn't been a major advertising effort yet. Okay, so doing some big things now is good. Show all the hard work that's been done. But then, just have enough to keep the stream of information flowing so people who want it can follow on developments. (Joesfox's planned Nxt podcast for example) When another or several major milestones are reached, we can have another big marketing effort. The point now is really to build community, meaning dev's and others who can actually help continue to build the foundation and the structure upon it. People with skills and ideas. Price rise is going to be an effect of the advertising, but with out the community building its just a temporary and superficial effect. Blasting away a bunch of money to get all up in peoples face just isn't the right way to do it.

TLDR: advertising has it's place, but most of those funds should be used for bounties to actually build Nxt. Real growth comes from having a good (or in Nxt case, revolutionary) product.

Edit: More specifically, any marketing efforts really should be geared to pique interest and attract some talent.

Is there a list of all the things that are needed to "actually build NXT"? Maybe I am totally offbase, but it seems that within a couple of months we get the killer TF functionality, plus all the other nice functionality. Clients much sooner, etc.

Whenever I lobby for spending on marketing, people refuse and say we need so much more tech. OK, please tell me what tech we need? Let's make a list of all the tech we need, come up with reasonable bounties that assures they get done, use the rest for marketing budget for the year.

We then propose the COMBINED tech/marketing list for a vote. We can do both, tech and marketing. Let's just not wait until April comes and CfB sends the 10 million to genesis, because he will if community has no consensus!

James

I'm in the trenches with different communities (JustaBitofTime). If you followed the Miami Conference feed, you'll see how much we actually got done by focusing on marketing.  If you haven't read the updates yet, I strongly recommend it.  A laundry list of features was certainly not the questions that the payment processors and other related businesses were asking me.

While I'm primarily a network engineer, I've spent quite a bit of time working with marketing departments in CIO type positions. With that being said, James is right on the mark with this post. Itemize, Monetize, Market...

Just my 00000010 cents.

[CCInvestor]

To the whales out there, I have a question.
If the community voted to spend 10 million NXT in community fund on marketing, how would that affect you:

A) Positively, would buy more
B) Neutrally, no change
C) Negatively, would sell part of all of NXT

Any other comments from the "whale" perspective about NXT marketing spending would be appreciated. If you are thinking this way, then odds are that other potential whales are thinking the same way too.

James

For me neutral.

I already bought everything I wanted to risk. From here it's only selling for me, the only question is how fast.

I think spending that 10 million on marketing or development is a good thing if it results in more growth, better software. This will lead me to sell slowly instead of fast.

So far I like nxt and the community very much, hence why I invested a lot. Keep it up!

[lucky88888]

What is this in my NRS peer list?
95.85.46.126      95.85.46.126      502      2 B      141 B      NRS (0.5.5) @ Happymining

[btc2nxt]

can someone help me with decompiling?  I unzipped the .jar and see lots of class files there but decompiling them gives no nxt source code.

What decompiler are you using? http://jd.benow.ca/ works for me.

decompile webapps/root/class ,not jar

[tman10]

To the whales out there, I have a question.
If the community voted to spend 10 million NXT in community fund on marketing, how would that affect you:

A) Positively, would buy more
B) Neutrally, no change
C) Negatively, would sell part of all of NXT

Any other comments from the "whale" perspective about NXT marketing spending would be appreciated. If you are thinking this way, then odds are that other potential whales are thinking the same way too.

James

you have to define whale

I don't know, maybe something like:

50 BTC dolphin
100 BTC small whale
250 BTC medium whale
1000 BTC big blue whale

LOL

[gs02xzz]

This is EXACTLY why I recommended we try to recruit people with our LTB spots. Marketing is indirect. Get the high quality people on board the NXT team. How many more jean-luc's are out there who will go into the etherium or other projects because they didn't know enough about NXT.

My guess is that a lot of people only know the anti-NXT propaganda. So they wouldn't even consider researching NXT, let along joining the NXT team.

We need to market this community. That is what sold me on NXT's future.

I agree with this part. If we're going to market, our target audience should ideally be two types of people: 1) End users, of course, but more importantly 2) skilled developers and businessmen.

NXT's strength is decentralization, and if we market to these type of people, they will see that they have a golden opportunity in the NXT ecosystem to contribute and make a name for themselves. And when they do, NXT's community will grow. Eth's and MSC, etc. single group of devs can only do so much at a time. NXT's group of dev's will only grow in time and eventually outpace the best other coins can do with our sheer volume of talent.

So if we do marketing, I believe marketing right now to get skilled people on-board is a good idea. Price increases will simply be a side-effect of the productivity the new talent brings in.

yes!!

OK, replace the word "recruiting" for all my usage of "marketing" in my recent posts.

We need to recruit as many people into the NXT community as possible.

I am not a marketing professional. I just know that marketing works. Let's spend NXT to recruit 100 highly capable people into the NXT community. Whatever you call that, that is a good thing.

msin, is that better?

James

+1. On top of that, when the marketing pushes price up, we can save lots of NXT.

[PeercoinEnthusiast]

*** Important ***


Nikel will be requesting information from certain people over the next few days in response to the meeting at the Miami Bitcoin Conference. It's important if you get a message, please get back to him ASAP.  We've done the introductions, now the work starts.

[bithic]

Regarding the one minute spots on LTB. There's going to be two of them per week, and we obviously can't afford to spend this much time arguing about what to say in each of them. In the interest of moving forward, I suggest we establish a consistent format for these spots, and then commission joefox to spearhead the content creation, with any contributions/suggestions from the community ultimately being decided on by him.

The general feeling from feedback I'm getting is:
a) we don't want it to sound like an advertisement
b) we want to recruit new talent/influencers to the community

In light of this, I propose a mini-news format that all spots follow, with a consistent opening and closing phrase. This will establish a brand for the segment, educate first-time listeners, and encourage regular listeners to consider it as a sort of mini-podcast within the main podcast.

Here is the framework I suggest:
-----------------

OPEN:
This is (insert name) bringing you news on Nxt - the first true second generation crypto.

CONTENT

CLOSE:
For more info, head on over to nxtcrypto.org (that is  n x t  c r y p t o .org).
Stay tuned for more news on Nxt in the next Lets Talk Bitcoin broadcast.

-----------------

[jl777]

Regarding the one minute spots on LTB. There's going to be two of them per week, and we obviously can't afford to spend this much time arguing about what to say in each of them. In the interest of moving forward, I suggest we establish a consistent format for these spots, and then commission joefox to spearhead the content creation, with any contributions/suggestions from the community ultimately being decided on by him.

The general feeling from feedback I'm getting is:
a) we don't want it to sound like an advertisement
b) we want to recruit new talent/influencers to the community

In light of this, I propose a mini-news format that all spots follow, with a consistent opening and closing phrase. This will establish a brand for the segment, educate first-time listeners, and encourage regular listeners to consider it as a sort of mini-podcast within the main podcast.

Here is the framework I suggest:
-----------------

OPEN:
This is (insert name) bringing you news on Nxt - the first true second generation crypto.

CONTENT

CLOSE:
For more info, head on over to nxtcrypto.org (that is  n x t  c r y p t o .org).
Stay tuned for more news on Nxt in the next Lets Talk Bitcoin broadcast.

-----------------

Great plan!

[allwelder]

The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?

I agree too, but this is only under the assumption that large stakeholders will always do things in the best interest of the currency's growth and health. However, I am sure at some point there could be large NXT stakeholders that would vote for something just not acceptable by a majority of the community and it would be interesting to see how that would play out in the actual decision making process.

Well, they are the majority. So let it be.

They're not the majority. That's the point here.

They are. If you have 50$ and the other guy 1$ then you have the majority of wealth. So you are should be allowed to say more.

Fortunately, our democratic systems do not work this way (not yet, I fear).

You should be allowed to say more if you spend more of you wealth:
Say, if you spend 1/10 of your wealth it's more than if somebody spend 1/10000 of theirs. It appears it's not so important to them.

NXT is an economic ecosystem, not a state. In PoS 1 NXT is equivalent to 1 person (like SSN, birth certificate, or whatever) because this is the only way to truly account for the validity of each NXT, so 1 NXT = 1 Vote. All other methods will be gamed by the rich to make the poor poorer. For example, using 1 account = 1 Vote, a large stakeholder can create 10k accounts easily, while a small stakeholder will go broke doing it. No matter what you do, the rich can always afford more accounts than the poor can. Thus voting on an account basis is unrealistic.

I think a good analogy would be (within the NXT ecosystem), 1 NXT = 1 Person, Account Owner = Representative. So if you own 10k NXT, you are their representative and represent their "views", but you cannot speak for all the NXTs under other representatives.

A larger holders vote should have weight proportional to their stake, but they should also pay a proportional fee to their total stake. That could be a significant cost, preventing impulsive, foolish or uneducated voting. It is the stake holders responsibility to vote in a responsible and educated manner. It is those who are pushing the changes (or dissenters) to make sure they are educated on what is being changed and why it is important/needs to be done. I can't see how anything else matters or why all these complicated, gameable voting systems are even being brought up.

not saying you are wrong but i just wanted to point out that a large stake holder already has a strong incentive not to make a bad decision. if he does it will lower the value of his stake.

i have stayed out of all the VS stuff until now voting on stuff really concerns me.  unless tere is something to prevent someone from making a vote to steal money from someone, or something along those lines, it shouldnt be done at all.

IMO the best way with voting is to make the fee for the vote proportional to the stake.

agree,there should be fee with vote account proportional with the stake.

[allwelder]

Important notice regarding Let's Talk Bitcoin 1-minute spots!

Salsacz and I have been in touch about recording 1-minute spots for the Let's Talk Bitcoin network and we'd love to hear from Nxt champions all over the world.

We're asking you to record SHORT (10-15 second) answers to this question:

What is Nxt?

Here's how to do it:

• Go to http://vocaroo.com/
• Use your PC's microphone to record a message including your name (real name or forum nickname), location, and your answer to "What is Nxt"
• When you're happy with your recording, hit the "email" button and send your recording to whatsupnxt@gmail.com

FOR EXAMPLE:  "This is Come-from-Beyonce, from Belarus.  Nxt is so energy efficient that I can forge coins on a $35 Raspberry Pi computer powered by a solar panel!"

I'll be collecting these recordings and compiling them into a series of 1-minute spots to promote Nxt.  Keep your answers short by focusing each one on a Nxt feature that that is important to YOU.

They are expecting a completed ad in a couple of days, so please make a submission before Wednesday, January 29.  Record SEVERAL short pieces, if you like -- just keep each one brief.  I'll wrap it into a nice package, and do us all proud.

good idea,native language or just English?

[allwelder]

So are we forking badly or not?

noob question but what happens when it forks???

Every fork of a network is effectively a new network itself. If you get stuck on a new fork/network then the coins you have are newNXT coins, as opposed to originalNXT coins. And they are not usable on the main NXT network. So they are almost useless.

situation A)
- I have money in my account
- I will not update and start new bad fork
- nobody will send me NXT coins
- I will fix situation and update
- are my old NXT ok?

situation B)
- the same as A, however somebody sent me NXT during my bad fork
- will be useless only money received during my bad fork?
- money I had before bad fork are ok?

bad fork ... useless money??

Is that planned feature?

I'd have thought that new versions are backwards compatible (at least in the code is e.g. block.version ...)

I'm not one of the developers, but my understanding is that if you are on a fork it is true that your account balance on that fork will be useless on the main blockchain. However, your original account still exists on the main blockchain in whatever state it was in before you forked. Any coins sent to your account on the main blockchain will still be received by it. Any transaction you do while on the fork will not be recognized by the main blockchain. Once you get back to the main blockchain you will see your account in exactly the same state it was in before you forked (unless it had received incoming transactions on the main blockchain while you were away, in which case those will show up).

So not really a huge risk for the average user, more just annoying and confusing until you get it sorted out. You might need to kill your client, delete it, delete your blockchain record and download the new client + real blockchain afresh.

Someone correct me if I'm wrong.

thanks for the clarification.

[rickyjames]

of course its too wordy. like i said in my orginial post you always start out with something longer than you need and trim the fat with revisions. you guys are really beginning to frustrate me. notice how its gets less wordy with every revision.

Anon, I respect what you are doing and I am not trying to frustrate you.  Let me leave you with one thought to consider.  I think you might be focusing too hard on making the perfect one minute spot and that is really not the right goal to focus on here.  The right goal is to focus on how to make the best 26 spot campaign.  

Don't start by thinking about what you want the listener to think at the end of the first 60 seconds.   Instead, what do you want the listener to think about NXT four months from now.   That NXT is cool tech?  Profitable?  A great gang to hang out with?   Fun?

Good audio advertising isn't about conveying dense information.  It's about creating an atmosphere around a brand.

You need to come up with a opening.  You need to come up with a musical stanza that becomes Pavlov's bell so that in four months, when people hear that stanza they know the next 57 seconds are going to be about NXT.  You need a slogan or a tag line that is said every time in every ad.

You need to list the 26 points you are going to get across in each of the 26 ads.

You can do it!  

  

[allwelder]

I think having Joe as the voice of the NXT minute would be a good idea if he's doing the community show about it.   You want to be the voice of NXT joe?

Of course I'm willing, and it's a responsibility I'm happy to share.  Especially if people have good recording gear (ahem, bithic).

absolutely support joefox as the speaker man of Nxt.

[dzarmush]

Maybe we need to hire japanese guys. They know how to make ad you'll never forget.

http://www.youtube.com/watch?v=Zs0NwbDT5mA


http://www.youtube.com/watch?v=rOFROnnI72M

[allwelder]

question for the client keyphrase generator tool

current approach is this:

user choose a standard password he can remember easily.

1. string -> ThisIsMyPassword (could be low entropy)

client generates a random high entropy suffix like this.

2. string -> jJHJK-hdUhjh8786d345645&%43456/(&598/_.#+\=9jgh

3. user choose entropy-separator -> ___ ( in this case 3 x underline or choose whatever he want )

client join this into: ThisIsMyPassword___jJHJKhdUhjh8786d345645&%43456/(&598/_.##+ß=9jgh

3. client offers to store just suffix into a recovery file. ( in case recovering is nessesary)
4. user stores complete keyphrase into preferred location/procedure as usual.

user has only to remember password and entropy separator to recover keyphrase.

the keyphrase generator is just a recommendation to use and optional, of course the user an choose
any individual keyphrase. does this makes sense?

of course yes.

[allwelder]

yes

https://vircurex.com/welcome/index?alt=btc&base=nxt&locale=en

with Bter adding Nxt ,price boom up ;
with Vircurex adding Nxt,price is quiet.