NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

+1

FUND SALASCZ'S MARKETING PLAN IMMEDIATELY!

user friendly client will be ready in 1 WEEK

We need Pin to create a poll...

[Damelon]

Please fund salascz's marketing plan.

James

Sometimes a decision just needs to be taken.
Salsacz has shown he is extremely productive and dedicated, as is our team.

Both devs and marketing need to be funded, and there has been enough talk that we won't jump into marketing that is either too early or not effective.
The marketing team has diverse voices that will counteract that.

Please, community, act!

[Come-from-Beyond]

Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?

[BitcoinForumator]

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

+100!

[landomata]

Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?

Send 250,000 NXT to start....this should be done immediately.

Depending on how this get utilized we release the next lot of 250,000 and so on.


Salsacz is pretty good with giving updates and reports anyways

[wesleyh]

Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?

Link to scalacz plan please?

[Come-from-Beyond]

Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?

Send 250,000 NXT to start....this should be done immediately.

Depending on how this get utilized we release the next lot of 250,000 and so on.

Right. Salsacz, post account for 250K plz.

[Damelon]

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.

[Bitventurer]

Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?

Send 250,000 NXT to start....this should be done immediately.

Depending on how this get utilized we release the next lot of 250,000 and so on.


Salsacz is pretty good with giving updates and reports anyways

agree, but let it be 500K for the first time at least...

[Zahlen]

Do not laugh at DOGE, it is trading ten times as much as NXT in dollar volumes. ... DOGE even has a bit of utility as it is used for tipping on the internet. Minimal functionality, maximum marketing.

DOGE's not merely a tipping currency anymore. They've got an amazing reddit community (and maybe elsewhere too?). They've gotten some places to accept DOGE in payment. They're donating serious amounts of DOGE (on the order of thousands of USD worth) to places like Sean's Outpost and the Jamaican olympic bobsled team. And they did so in a decentralized way! Someone with an idea starts a reddit thread, then things take off from there. We could learn stuff from them. There have been 50+ BTC buy orders on Cryptsy. They're going to the moon!

[landomata]

Can't we just send 1M to salsacz and let him/her (which one btw?) to decide how to spend this money for marketing?

Send 250,000 NXT to start....this should be done immediately.

Depending on how this get utilized we release the next lot of 250,000 and so on.


Salsacz is pretty good with giving updates and reports anyways

agree, but let it be 500K for the first time at least...

+1

YES

[Come-from-Beyond]

I've just recalled about NRS crypto algo audit. Any news?

(I almost forgot the password to the Bitcoin account, hehe)

[utopianfuture]

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.  
 

[jl777]

+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

[jl777]

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

[Come-from-Beyond]

1. No exchange will ever list Emunie because of the fixed price. So you will always need to come to Emunie to buy it.

From http://forum.emunie.com/index.php?/topic/1007-interfacing-with-emunie/:

IIRC - I thought it was said there would only be one official exchange, as a means to track the demand and supply of currency.

[Damelon]

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.  

Sorry, but that is just short sighted. I can qualify it in no other way.
Marketing is not something you start once you have the product in place. You have to create a wave.

If you start when you have the tech, you are already behind.

We do not propose an either/or situation. Both PR/marketing and development are needed.

Your post implicates that all marketing is wasteful. I assure you it is not.

[landomata]

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

NO

500,000 nxt to begin (TO SPEND AS HE WISHES).....the rest based on RESULTS!.

[loopgate88]

+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

+1

[jl777]

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