NXT :: descendant of Bitcoin - Updated Information

[bitcoinrocks]

Are you guys planning to make decisions regarding the continued development of this software through a voting system?

[1715295365]

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[salsacz]

I would be very happy if you can devise a better way that actually works.

As suggested by Anon why not just set of 4 Nxt accounts and let people vote with their NXT (it is a PoS system after all)?

Then whatever Anon136's opinion happens to be is how the vote goes.

Not saying that he'd do that, but you see the circular logic here?

there is a giveway cheater with 70 Nxt accounts
there are faucet cheaters who registered tons of accounts and stole few NXTs from faucets

[CIYAM]

Well some people just doesn't like the idea that some rich guys can buy their votes. That's enough of a reason for someone not joining the community.

I wasn't talking about "buying votes" in the sense that someone is paying you to vote the way they want.

I am talking about a bigger PoS holder relinquishing some of their stake (to all the other voters equally) to affect the outcome of a vote, however, understand that if they have no guaranteed way of actually benefiting from this, and if it costs them a fair % of their stake to do so do you really think that this is so likely to happen?

[punkrock]

That's what I call marketing!

Jamaican team raises $25,000 in Dogecoin

[utopianfuture]

Are you guys planning to make decisions regarding the continued development of this software through a voting system?

BCNext, Luc, CfB make decision on technical developments. The urgent issue needs to be worked on is the deployment of the common fund and the funding committee . Go

here to  read more https://bitcointalk.org/index.php?topic=423241.0

[utopianfuture]

Well some people just doesn't like the idea that some rich guys can buy their votes. That's enough of a reason for someone not joining the community.

I wasn't talking about "buying votes" in the sense that someone is paying you to vote the way they want.

I am talking about a bigger PoS holder relinquishing some of their stake (to all the other voters equally) to affect the outcome of a vote, however, understand that if they have no guaranteed way of actually benefiting from this, and if it costs them a fair % of their stake to do so do you really think that this is so likely to happen?

That is buying votes, imho.

[salsacz]

Nextcoin users would probably oppose your idea. And they outnumber nxtcryoto users.

especially when one man has 70 nextcoin.org accounts

[CIYAM]

That is buying votes, imho.

Okay - I don't think it is exactly that (as generally buying votes is done because you are pretty sure you will recoup the cost from the outcome).

If you are voting on A vs. B then both A and B might try to "buy" votes (and each has a 50% chance of presumably recouping their costs) but if you are actually voting in a way that neither A nor B can have any more than a 10% chance of winning (no matter how much they spend) then they are far less likely to even bother.

[davethetrousers]

That's what I call marketing!

Jamaican team raises $25,000 in Dogecoin

We should be funding a Chinese moon mission.

IfYouKnowWhatIMean

[NxtChg]

If you have a valid account, you're a nexter by definition.

No need for any passwords. Authorization token covers everything.

I prefer a separate voting site to using AM function. No need to bloat the blockchain and we can incorporate the voting site into the clients.

Also, to protect from spam posts we can require the poster to use authorization token too and check his account for minimal age and balance.

This balance can be higher, like 10,000. If somebody doesn't have it, he can always present his idea on the forum and somebody will submit it.

[Anon136]

There would be a trade off here. The more you try to mitigate ignorant voting the more risk you have of corruption. It would probably be best to set the fee pretty low because in most cases ignorance cancels with ignorance on the opposite side of the issue.

I agree that the amount to be paid should not need to be more than 1 NXT but I also think that if the total amounts are to be redistributed evenly then someone throwing in a bunch of NXT basically is redistributing their stake as much as influencing the outcome (and if the outcome has only a % chance of directly benefiting them then unlikely they are going to pump that much into it).

This would be a very good thing IF you could have some reasonable guarantee of this part

(and if the outcome has only a % chance of directly benefiting them then unlikely they are going to pump that much into it).

So take as an abstract example, just for the sake of thought experiment, this question up for voting. Should SuperScammer1337 be payed 1 million nxt out of the unclaimed 9million nxt fund for "promotional" use. Send nxt to address 1 to vote yes, and address 2 to vote no.  In this example its highly unlikely that the community would outvote SuperScammer1337 in this issue. In economics this is called the problem of "concentrated benefits and diffuse costs". http://en.wikipedia.org/wiki/Public_choice_theory

Now it would be wrong to say that this problem couldnt be avoided. If you have 10 different causes on the ballot than it is unlikely that someone would take the risk of trying to purchase his own victory. The point is that we would need someone with a solid understanding of economics, someone who knows how to think like an economist, to run the voting process.

My basic argument is just that, With the idea of using tokens + a flat fee there is little to no risk and no need for the creator of the ballot to understand economic thought processes.

[landomata]

nextcoin.org just crossed 4000 members (accounts)

[pinarello]

when do we get voting system NXT self?


Pin

When do u need it?

CfB,

As soon as possible, coz otherwise people gonna put there time in it to create an alternative, while we can have it in NXT self.

when is this possible.

all please wait till answer from cfb.

Pin

[Mistafreeze]

when do we get voting system NXT self?


Pin

When do u need it?

CfB,

As soon as possible, coz otherwise people gonna put there time in it to create an alternative, while we can have it in NXT self.

when is this possible.

all please wait till answer from cfb.

Pin

I agree. The sooner the better.

No pressure

[Come-from-Beyond]

when do we get voting system NXT self?


Pin

When do u need it?

CfB,

As soon as possible, coz otherwise people gonna put there time in it to create an alternative, while we can have it in NXT self.

when is this possible.

all please wait till answer from cfb.

Pin

Voting System is quite simple. Interpretation is supposed to be done on client side. Talk to client developers and we will cooperate.

[utopianfuture]

That is buying votes, imho.

Okay - I don't think it is exactly that (as generally buying votes is done because you are pretty sure you will recoup the cost from the outcome).

If you are voting on A vs. B then both A and B might try to "buy" votes (and each has a 50% chance of presumably recouping their costs) but if you are actually voting in a way that neither A nor B can have any more than a 10% chance of winning (no matter how much they spend) then they are far less likely to even bother.

So you agree that my poll here https://bitcointalk.org/index.php?topic=423241.0 actually work ? because it seems to me no one has a chance of winning anything in this vote.

[punkrock]

My idea of a voting system:

A simple Wordpress Voting Theme. Everyone has to register and has an account balance. You can send as many NXT to the "master account" as you want, but you only can vote one time per voting. After voting 1 NXT (or what ever) will be subtract from you account balance. That should be easy to create. The incoming NXT will be collected in the "master account" of the project and will be used for the projects, we voted for.

[bitcoinrocks]

Are you guys planning to make decisions regarding the continued development of this software through a voting system?

BCNext, Luc, CfB make decision on technical developments. The urgent issue needs to be worked on is the deployment of the common fund and the funding committee . Go here to  read more https://bitcointalk.org/index.php?topic=423241.0

I think this voting proposal is a slippery slope.  This (and any) software project should not be governed by a committee/foundation/community.  That concept has no place in software development.  Maybe voting is an OK way to decide how to split up money, but there will be temptation to take it further.  Why can't BCNext, Luc, CfB decide where the money goes?  It doesn't need to be a time-consuming set of decisions.  Linux, bittorrent, bitcoin, litecoin have all thrived without any of this crap.

[pinarello]

when do we get voting system NXT self?


Pin

When do u need it?

CfB,

As soon as possible, coz otherwise people gonna put there time in it to create an alternative, while we can have it in NXT self.

when is this possible.

all please wait till answer from cfb.

Pin

Voting System is quite simple. Interpretation is supposed to be done on client side. Talk to client developers and we will cooperate.

We don't have a client is the code ready? API?

maybe wesley can create a workaround till the client is there.

Pin

[CIYAM]

My basic argument is just that, With the idea of using tokens + a flat fee there is little to no risk and no need for the creator of the ballot to understand economic thought processes.

I like your thought process and this is somewhat where I am headed - I think if you ensure that what you are voting for itself is not easily gamed (and to my thinking the best approach would be to introduce a "random" aspect so say "A1..A5" instead of just A and "B1..B5" instead of just B where A and B are polemic ideas but 1..5 are different variations thereof) then people can just vote for A or B (not really caring whether 1..5 is implemented as long as it is an A or a B) then it becomes harder for each A and B *player* to game the system by spending more.