NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

Guys, please...

What the... i have no oversight of all the funds and donations and bounties and what ever... could someone clarify what we have, what we might have, who is in charge of what right now and why the hell was I not an investor 2 months ago?

I think it is something like
- 10 or 11 Mio. unclaimed NXT fund (CfB)
- 3 Mio community fund (?)
- ~300k fund (salsacz?)

9'063 kNXT + 10 BTC is controlled by me. Part of this money is already reserved to be spent.

[bitcoinpaul]

Guys, please...

What the... i have no oversight of all the funds and donations and bounties and what ever... could someone clarify what we have, what we might have, who is in charge of what right now and why the hell was I not an investor 2 months ago?

I think it is something like
- 10 or 11 Mio. unclaimed NXT fund (CfB)
- 3 Mio community fund (?)
- ~300k fund (salsacz?)

9'063 kNXT + 10 BTC is controlled by me. Part of this money is already reserved to be spent.

This is the unclaimed NXT fund + 10 BTC for crypto algo review.

[jl777]

Please approve this, or if unacceptable let me know what you don't like and we can modify the process.

I can't approve this coz it's the opinion of one single member of the community.

Ok, so if you are saying if the community approves my proposal, then you will follow it?

James

[jl777]

Please approve this, or if unacceptable let me know what you don't like and we can modify the process.

I can't approve this coz it's the opinion of one single member of the community.

Ok, so if you are saying if the community approves my proposal, then you will follow it?

James

I think this is a very important issue. I would like to have an open debate over my proposal and then when all voices are heard, I will update the proposal. Then we can have a public vote. This way we can see who is voting and we will be able to make sure there are no sockpuppets.

James

[landomata]

I think this is a very important issue. I would like to have an open debate over my proposal and then when all voices are heard, I will update the proposal. Then we can have a public vote. This way we can see who is voting and we will be able to make sure there are no sockpuppets.

James

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

[Come-from-Beyond]

Please approve this, or if unacceptable let me know what you don't like and we can modify the process.

I can't approve this coz it's the opinion of one single member of the community.

Ok, so if you are saying if the community approves my proposal, then you will follow it?

James

Sure

[jl777]

I think this is a very important issue. I would like to have an open debate over my proposal and then when all voices are heard, I will update the proposal. Then we can have a public vote. This way we can see who is voting and we will be able to make sure there are no sockpuppets.

James

the open vote for committee member will begin soon.

funding committee will decide when they are chosen this should be finalized with 10 days times.

Is there going to be separation of deciding what to spend money on and the people who have access to the funds?

[salsacz]

CfB,

I suggest we put up a slate of 7 trusted members that the thread discussing this will recommend. Then we put it up for an up or down vote.

If approved, the unclaimed NXT are divided among the trusted 7. They will be obligated to disburse funds that are approved by a marketing committee (3 Million NXT) and a tech committee (5 Million NXT) and an infrastructure committee (1 Million Nxt).

The election to the marketing, tech and infrastructure committees are independent from the decentralization of the unclaimed NXT. This means we can independently figure out who is on the three different committees and as soon as one group is formed, projects can be funded.

The community has already decided on 250,000 NXT per month for Marketing, so the marketing committee task is to figure out how best to allocate that budget.

tech and infrastructure committees have not formed yet, but we don't need to figure out all the details for getting the trusted 7 members in place.

Please approve this, or if unacceptable let me know what you don't like and we can modify the process.

James

+1

[Come-from-Beyond]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

[landomata]

I think this is a very important issue. I would like to have an open debate over my proposal and then when all voices are heard, I will update the proposal. Then we can have a public vote. This way we can see who is voting and we will be able to make sure there are no sockpuppets.

James

the open vote for committee member will begin soon.

funding committee will decide when they are chosen this should be finalized with 10 days times.

Is there going to be separation of deciding what to spend money on and the people who have access to the funds?

They will decide funding for each SUBCOMMITTEE.....the subcommittee's will determine there own spending.

EDIT: 250,000 will be release to the MARKETING SUBCOMMITTEE on the 18th of every month.....the subcommittee can decide how they want to spend it.

[2Kool4Skewl]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

Good idea.  +1

[landomata]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

parameters are still being determined....we can include the above plus they have to post the account where the msg is sent from....THAT ACCOUNT SHOULD BE CREATED BEFORE FEBRUARY 2nd 2014.

& Have at least one outgoing transaction before FEB 2nd.

[jl777]

Please approve this, or if unacceptable let me know what you don't like and we can modify the process.

I can't approve this coz it's the opinion of one single member of the community.

Ok, so if you are saying if the community approves my proposal, then you will follow it?

James

Sure

**************
Proposal for Unclaimed NXT

I suggest we put up a slate of 7 trusted members that the thread discussing this will recommend. Then we put it up for an up or down vote.

If approved, the unclaimed NXT are divided among the trusted 7. They will be obligated to disburse funds that are approved by a marketing committee (3 Million NXT) and a tech committee (5 Million NXT) and an infrastructure committee (1 Million Nxt).

The election to the marketing, tech and infrastructure committees are independent from the decentralization of the unclaimed NXT. This means we can independently figure out who is on the three different committees and as soon as one group is formed, projects can be funded.

The community has already decided on 250,000 NXT per month for Marketing, so the marketing committee task is to figure out how best to allocate that budget.

tech and infrastructure committees have not formed yet, but we don't need to figure out all the details for getting the trusted 7 members in place.
**************

NXT community, we finally have a way to unleash the unclaimed NXT. I have made a proposal based on my understanding of past discussions, consensus, etc. The most important aspect is the separation of advisory committees and spending ability. This is to prevent conflict of interest or even appearance of conflict of interest.

If it turns out 1 Million NXT is not enough for the 1000TPS hub infrastructure, then I certainly would recommend adjusting the tech/infrastructure ratio.

ANY other issues with my proposal? We are not deciding on the actual trusted members, nor any of the advisory committee members. This is to determine the process.

James

[jl777]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

We agree on this! When the time to vote comes, we vote by posts. Will boost the page count, but we will all see the actual votes. No sockpuppets. If the majority of known members decide, they should be able to ignore newbie accts with no history

[jl777]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

parameters are still being determined....we can include the above plus they have to post the account where the msg is sent from....THAT ACCOUNT SHOULD BE CREATED BEFORE FEBRUARY 2nd 2014.

& Have at least one outgoing transaction before FEB 2nd.

CfB approved a community consensus on the process. Please support this.

[landomata]

We agree on this! When the time to vote comes, we vote by posts. Will boost the page count, but we will all see the actual votes. No sockpuppets. If the majority of known members decide, they should be able to ignore newbie accts with no history

this is how we picked our Nxt logo....it worked....but this time I will modify some parameters....what do you think of the above suggestion....AM send & post the account from where AM is sent with the name you nominate?

Accounts have to be created on Nxtcoin & Nxtcrypto.org before Feb 2nd to be eligible....those not yet having accounts on either can:

SIGNUP ON EITHER NEXTCOIN or NXTCRYPTO before the poll start date to be eligible to vote BUT ONLY IF YOU HAVE POSTED ON THE NXT :: descendant of Bitcoin - Updated Information THREAD BEFORE FEBRUARY 2nd.2014

And the account name must be the same.....if someone has squatted on your name then pls get in touch with the ADMIN.

THE NAME MUST BE THE EXACT SAME TO QUALIFY.


I managed the Final logo poll.....i'm sure the community has faith in me organzing this poll as well.  

[achimsmile]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

I like the idea! Or people have to post an image of their handwritten votes?

[bitcoinpaul]

Guys, please...

What the... i have no oversight of all the funds and donations and bounties and what ever... could someone clarify what we have, what we might have, who is in charge of what right now and why the hell was I not an investor 2 months ago?

I think it is something like
- 10 or 11 Mio. unclaimed NXT fund (CfB)
- 3 Mio community fund (?)
- ~300k fund (salsacz?)

9'063 kNXT + 10 BTC is controlled by me. Part of this money is already reserved to be spent.

And the other 'funds', guys/gals?

[Come-from-Beyond]

If it turns out 1 Million NXT is not enough for the 1000TPS hub infrastructure, then I certainly would recommend adjusting the tech/infrastructure ratio.

The only difference between hubs and nodes is that the former need antiDDoS protection.

[pinarello]

the open vote for Funding committee members will begin soon.

Funding committee will decide when they are chosen this should be finalized within 10 days times.

U shouldn't use poll this time. Force people to post their voices as messages.

I like the idea! Or people have to post an image of their handwritten votes?

I propose they cut off a finger and send it to me by mail.