NXT :: descendant of Bitcoin - Updated Information

[BitcoinForumator]

What about going on some Bitcoin podcast like Let's Talk Bitcoin and such? There are many. They are big spreaders of news.

Nxt...we need validation from big crypto names, Andreas was one but even he doesn't full understand at this point what it is...

Validation is the key.

[jl777]

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.  

+1  ...DOGE marketing efforts are a non-issue...

Really? Something with little technical merit trades at half of NXT marketcap and TEN times the trading volume, that is not an issue?

When NXT volumes were depressed, DOGE was trading at 50 times NXT volumes. That doesn't matter?
The technical person's bias against marketing is illogical. I can understand the other direction, but how can you argue about numbers.

Is marketcap and trading volume irrelevant?

James

[utopianfuture]

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 is needed.

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

We have done marketing. A lot of it actually. All comes from grass-root movements with private donor funds.

You can't bring corporate mentality into in this type of decentralized network movement.

Now tell me some specific action plans that need money and I will guarantee you that we have done some of it already.

One thing I would like to see is a quality promotional video - with a real director and a real star   - somethings similar to Apple'a promotional video that can be aired during half-tiem Super Bow. That's the type of marketing I would like to see not the repetitions of many thing we have done.


 

[landomata]

GIVE Salsacz's


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

[Damelon]

Marketing and sales is not only about blowing hot air.

It's about communication. About telling people what the uniqueness of a product is, because it's a fact that most people are too lazy to go look for themselves.

Marketing is about lowering the threshold to enter into something and is as such linked to development.

The cry for a good client is as much marketing as getting the message that you have it out.

People dislike marketing and sales a lot of the time because BAD marketeers can use the same rules that govern good marketing for scams.

Edison is credited as the inventor of the light bulb not only because he was an effective marketeer, but also because the real inventors were bad ones. They let it slip away.

I would like it if that did not happen to us because we did not see the real value of marketing.

[msin]

Why can't we wait until we have an open source client like nexern, then start with marketing?  We need to point people to an easy one click install, otherwise people will come and then leave confused.  Also, we need to focus on several core features so we have something to market.

[landomata]

Why can't we wait until we have an open source client like nexern, then start with marketing?  We need to point people to an easy one click install, otherwise people will come and then leave confused.  Also, we need to focus on several core features so we have something to market.

There will be an open source client in 1 WEEK

[BitcoinForumator]

Why can't we wait until we have an open source client like nexern, then start with marketing?  We need to point people to an easy one click install, otherwise people will come and then leave confused.  Also, we need to focus on several core features so we have something to market.

+1. The current client is off-putting to most people.

1-click install is a must.

[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.  
 

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

Doge is all about marketing but you have to understand what kind of marketing Doge is. It is a grass-root movement originated form miner's community. People join Doge reddit because they like it and they even spend their own money to promote Doge.

Now you tell me to use marketing to buy people's loyalty. Sorry it is not going to work. You have to create a grass-root movement.

I like marketing and we should do a lot of marketing but you have to be clever about it.    

[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 is needed.

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

We have done marketing. A lot of it actually. All comes from grass-root movements with private donor funds.

You can't bring corporate mentality into in this type of decentralized network movement.

Now tell me some specific action plans that need money and I will guarantee you that we have done some of it already.

One thing I would like to see is a quality promotional video - with a real director and a real star   - somethings similar to Apple'a promotional video that can be aired during half-tiem Super Bow. That's the type of marketing I would like to see not the repetitions of many thing we have done.

I have not said that we didn't do marketing, did I?
I have a site, translated lots of wiki material and emailed the press announcement to all major Dutch sites.

However, if you have to have a discussion each time you need to start up a campaign for which there are real costs, this slows your momentum.
And momentum counts.

The funds are there, we have discussed them. Everything can be done transparently. There is no one who says it needs to take funds away from development.

I don't understand your reluctance, frankly.

[landomata]

GIVE Salsacz's


500,000 nxt to begin (TO SPEND AS HE WISHES).....the rest of the funding will be based on the RESULTS! from the 1st 500,000 NXT

[pinarello]

+1

FUND SALASCZ'S MARKETING PLAN IMMEDIATELY!

user friendly client will be ready in 1 WEEK

We need Pin to create a poll...

Pin is here, but can we have a concrete plan of action first.

I think we will fund action that will be undertaken in the future, not that actions that took place in the past?

Can we have a plan of action and what to fund please?

Pin

[BitcoinForumator]

Doge is a light-fun-pretty-cheap-joke-meme coin.

You can't just copy their level of marketing, because people won't "DIGG" it. NXT has to have it's own image.

And I still stick to a point that no "key" crypto people are talking about NXT, and it was never featured on shows like "Let's Talk Bitcoin", heck even "MadBitcoin", etc - some more big shows.

Mastercoin for instance was featured everywhere.

Start with this so that the name get's "validated".

[Conurtrol]

Why can't we wait until we have an open source client like nexern, then start with marketing?  We need to point people to an easy one click install, otherwise people will come and then leave confused.  Also, we need to focus on several core features so we have something to market.

+1

[Bitventurer]

    I agree with James that we need some marketing , but for more techies and for more early adopters (for those that missed most of the "trains" like bitcoin litecoin, they can get on this bus), not the end user the end user isn’t ready for nxt neither nxt for the end user ... doggie coin? well ok let doggy coin take the dumbs! we will take the devs and the marketers, nxt is already success ! ( have you installed the 0.5.9v ? ) its much wow... many thanks Jean-Luc...

we are in the stage of INNOVATION , were everybody that wants to get in needs to show some efforts to code code code for the community,contribute, provide goods and services...
    So please we are not dogy we are NXT, decentralized assets, exchange... and please promote in the places where developers need work (like Indian forums for example) this is what we need , developers & marketers.

[jl777]

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.

emunie's claims of being able to control the price is science fiction. There are no details. No algorithms. Nothing that proves to me that this extremely difficult problem has been solved. The reason for closed beta is to limit the price oscillations. Small systems probably can be controlled, but once it goes live with uncontrolled interfacing to 'bots, fanatical traders, external exchanges, etc. I predict there will be price volatility.

Also, the hatching process assures that the price cannot really go up, but there is no balancing mechanism on the buy side. As demand comes in, EMU is created. When demand goes away, price will go down. But, EMU hatchers (founders) will have banked the 50% of all the new EMU that is created, and they could have 'bots immediately sell it to the demand side, immediately cashing in on the new demand. It is actually quite a brilliant way to collect 50% of new EMU sales directly to non-EMU currencies. Not a scam, but a highly disadvantageous system for early investors and later investors (all EMU investors), but since all this is disclosed in the whitepaper that will come out days before IPO closes, nobody can complain.

If EMU raises $5 million (somewhat possible considering the level of interest), and another $20 million comes in, the most an IPO investor will make is 5 times. Not bad, but if the price drops 50%,it is now 2.5 times. Just have to hope it doesn't drop 80%. With the 6 week IPO process, who will be left who doesn't already have EMU? Where will the new demand come from?

As crazy complicated as it is I doubt anybody really knows what will happen. Also, DOGE proves that anything can happen.

James

[msin]

Why can't we wait until we have an open source client like nexern, then start with marketing?  We need to point people to an easy one click install, otherwise people will come and then leave confused.  Also, we need to focus on several core features so we have something to market.

There will be an open source client in 1 WEEK

Then let's wait one week, and see where we are at that point.  We also need people to be able to buy Nxt on a trusted exchange quickly.

[pinarello]

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.

THAT is NOT a plan, there are things in that list that are payed over and over with bounty

[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?

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.

THAT is NOT a plan, there are things in that list that are payed over and over with bounty

THAT IS WHY WE GIVE HIM 500,000 Nxt to begin & we judge the results.

The rest of the funding will be BASED on the RESULTS of the 500,000 Nxt

[jl777]

Why can't we wait until we have an open source client like nexern, then start with marketing?  We need to point people to an easy one click install, otherwise people will come and then leave confused.  Also, we need to focus on several core features so we have something to market.

Marketing takes time. We need to start now to have things ready in a timely fashion. Do you think we can say let there be marketing and the next day we have it???

Look at the power of having a single mainstream exchange has. I have been saying we need a place to trade NXT reliably. I was right.

I am saying we need to start a larger scale marketing plan now, eg. salascz's plan.

James