NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

I would sleep much, much better knowing that there will be know code change. Why 10 though -- is it an arbitrary number? Why not 5, or 15? Is it mostly to keep things simple and divisible?

I think it's BCNext's symbolism manifestation. 10M is a round number and exactly 1% of the total stake.

PS: I recall a gap in NRS versions, when 0.2.14 followed 0.2.12, without 0.2.13 in between.

[swartzfeger]

I wouldn't block anything at all. There is no problem to find 10 trusted people.

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

I say you keep the funds and we keep running these contest....seems to be working....if they want funding enter the contest if they create something good then they win the funding....not need to spend money if the work will not be done or be wasted.


SO....my idea: EACH MONTH....for the next ten months we spend 1 million NXT.

Contest: Can be marketing plans, PR plans, Client, Websites, Plans to further Nxt growth, etc.

LOOK HOW THE AM CONTEST IS MOTIVATING PEOPLE.

I agree with landomata -- status quo has been working fine... I'm not sure why there's a rush to make a decision on this.

For the first month, I propose giving 1 mil to the PR group/liaison/ambassador(s). They've received little to nothing, and we've all individually spent our own money on projects.

[pinarello]

How we going to pay for further development and promotion of NXT when 10M is gone?

Spending and administer that 10M is the easiest part, but then what?

Long term, short term…

Any ideas, plans, visions?


Pin

[dzarmush]

dzarmhus you must stop getting personal here. what is the matter with you!
read what I have written in stead of telling people what "I" have proposed, it was posing a posibility, did I say to do it that way? does it reflect what I should do?
NO

I've read again. Twice. It wasn't clear what do you suggest at first.

"I propose use the 10M for further development or send them back to genesis block.". What can we do with the coins except development? Build our own luna park with blackjack and hookers? Btw I'd prefer that instead of destoying the coins. At least it's a fun.

[dzarmush]

I wouldn't block anything at all. There is no problem to find 10 trusted people.

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

Love it.

[marcus03]

But destroy the money?

Let's assume there were 1Bil - 10M coins in the genesis.
What's changing?

Sending coins to the genesis increases value of the other coins. So big stakeholders get more benefit.

Whatever you do, do not destroy the money!

I got 100.000 NXT in the client bounty and while I didn't start my client with getting something for it in my mind, getting these NXT from the community was extremely motivating.

You have the chance to create this kind of motivation another 100 times with the money and even if only 10% percent of the beneficiaries deliver something useful, it will do more for big stakeholders and the whole NXT community than the increase of value when destroying 1% of the total NXT.

[pinarello]

I wouldn't block anything at all. There is no problem to find 10 trusted people.

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

Love it.

daring

[landomata]

How we going to pay for further development and promotion of NXT when 10M is gone?

Spending and administer that 10M is the easiest part, but then what?

Long term, short term…

Any ideas, plans, visions?


Pin

If we all those plans get implemented over the Nxt 10 months then Nxt will be in a very safe position...


100,000 nxt x 100 ==10,000,000 nxt --- that covers a lot of mini-projects & contests

That's 100 contest over the nxt 10 months...100 ways to make Nxt better.....we are in competition....if we play it too safe and don;t keep ahead of the competition we will fall behind....both long term planning & short term actions are important.

[dzarmush]

How we going to pay for further development and promotion of NXT when 10M is gone?

Spending and administer that 10M is the easiest part, but then what?

Long term, short term…

Any ideas, plans, visions?


Pin

10M is enough for at least a year. What plans you'd like to know? Not a single person on earth can predict what will happen 12 month from now.

[marcus03]

I wouldn't block anything at all. There is no problem to find 10 trusted people.

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

Higher risks that someone runs with the assets than we have right now. Keep it like it is.

[MadCow]

Why it's so important to decide and to it right now what to do with that 10M. Everything goes just fine! Let's just go with the flow.

Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?

Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.

I have something similar in mind. It is like a concept of "open bounty". Anyone can step up and present his/ her idea, propose a bounty and let the community decides. So we continue the tradition of asking for bounties in a decentralized fashion as we have been already doing in nextcoin and nxtcrypto forums so far. But now funding would be a bit easier to come by since we have common pool in addition to private donors's fund.

This will work easier when we have the voting system in place. A person presents his/ her idea, propose a bounty and action plan, and set up a vote. Community can ask questions in the meantime and when the voting is over, the project will be funded if the vote passes the majority. A democratic and decentralized method of funding projects.

We can even implement this type of "open bounty" even when the voting system is not yet in place. In fact, we actually did it one time already with the case of Maco's android app as the overwhelming majority refused to fund his 500K NXT request for his app. So we actually had a precedent in place already. Let's continue the funding process in this type of decentralized fashion instead of giving one person/ or group the authority of giving out the funds.

utopianfuture has the right idea. Anon is a good person to control the NXT if BCNext & CfB are sick of that duty and anon is willing.

It will be hard for community to raise donations in the future from anybody if you destroy 1% now. That is crazy idea IMO.

[swartzfeger]

I wouldn't block anything at all. There is no problem to find 10 trusted people.

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

Higher risks that someone runs with the assets than we have right now. Keep it like it is.

Rickyjames would hunt them down like a lion on the Serengeti.  

[allwelder]

Looks like idea to block 10 accounts failed. What about sending 1M to 10 accounts without changes in the code?

I would sleep much, much better knowing that there will be know code change. Why 10 though -- is it an arbitrary number? Why not 5, or 15? Is it mostly to keep things simple and divisible?

I think it's BCNext's symbolism manifestation. 10M is a round number and exactly 1% of the total stake.

PS: I recall a gap in NRS versions, when 0.2.14 followed 0.2.12, without 0.2.13 in between.

What does this mean?

[Come-from-Beyond]

Someone has just stolen 3 NXT from that account with "http://localhost:7874/" passphrase and transferred to 15836657676887503259...

[dzarmush]

How we going to pay for further development and promotion of NXT when 10M is gone?

Spending and administer that 10M is the easiest part, but then what?

Long term, short term…

Any ideas, plans, visions?


Pin

If we all those plans get implemented over the Nxt 10 months then Nxt will be in a very safe position...


100,000 nxt x 100 ==10,000,000 nxt --- that covers a lot of mini-projects & contests

That's 100 contest over the nxt 10 months...100 ways to make Nxt better.....we are in competition....if we play it too safe and don;t keep ahead of the competition we will fall behind....both long term planning & short term actions are important.

I wouldn't plan such things. Some simple projects may worth 5-10K and a really great project may worth 500K or even more. Who knows. People will be sharing their ideas, the community will be discussing and voting if it's good or bad and how much does it worth.

[Come-from-Beyond]

What does this mean?

For some people from the west "13" is an unlucky number.

[landomata]

I will repeat my idea again as a solution for AM to make it easier to send AM while saving us from spam & also save blockchain bloating.


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:  

1) 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.

2) To prevent blockchain bloat AM will have time limit in blockchain:

a) 0 nxt fee Arbitrary Msg  == 2 weeks storage in Blockchain

b) 1 nxt fee Arbitrary Msg == 1 month storage

c) 10 nxt fee Arbitrary Msg == 3 months storage

d) 100 nxt fee arbitrary Msg == 6 months storage


EDIT: If Snapchat can do temporal messaging..i'm sure we can too.

[NxtChg]

Again: I think the IDEA is great. The specific method of IMPLEMENTATION is stupid. Really stupid.

Exactly.

[allwelder]

Someone has just stolen 3 NXT from that account with "http://localhost:7874/" passphrase and transferred to 15836657676887503259...

so fast

[dzarmush]

Why it's so important to decide and to it right now what to do with that 10M. Everything goes just fine! Let's just go with the flow.

Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?

Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.

I have something similar in mind. It is like a concept of "open bounty". Anyone can step up and present his/ her idea, propose a bounty and let the community decides. So we continue the tradition of asking for bounties in a decentralized fashion as we have been already doing in nextcoin and nxtcrypto forums so far. But now funding would be a bit easier to come by since we have common pool in addition to private donors's fund.

This will work easier when we have the voting system in place. A person presents his/ her idea, propose a bounty and action plan, and set up a vote. Community can ask questions in the meantime and when the voting is over, the project will be funded if the vote passes the majority. A democratic and decentralized method of funding projects.

We can even implement this type of "open bounty" even when the voting system is not yet in place. In fact, we actually did it one time already with the case of Maco's android app as the overwhelming majority refused to fund his 500K NXT request for his app. So we actually had a precedent in place already. Let's continue the funding process in this type of decentralized fashion instead of giving one person/ or group the authority of giving out the funds.

utopianfuture has the right idea. Anon is a good person to control the NXT if BCNext & CfB are sick of that duty and anon is willing.

It will be hard for community to raise donations in the future from anybody if you destroy 1% now. That is crazy idea IMO.

No person is good enough. It's just too risky. What if I know him in person and steal the money while we're watching football game and drinking beer in his house. The money should be divided.

But as 1 of 10 - absolutely.