NXT :: descendant of Bitcoin - Updated Information

[landomata]

Please clarify. Leave what up to the committee? Are you saying to revisit the allocation to marketing? Are you saying to not separate funding decisions from disbursement ability?

James....

Funding Committee: ~ 9 million  control


Subcommittee:
1) Marketing: 3,000,000...paid out 250,000k per month.

2) Infrastructure .....to be determined.

3) Tech....to be determined.


SUBCOMMITTES determine their own spending plans.....

[landomata]

Doesn't that cost some NXT?

YES!  ...1 NXT

[dzarmush]

Please clarify. Leave what up to the committee? Are you saying to revisit the allocation to marketing? Are you saying to not separate funding decisions from disbursement ability?

James....

Funding Committee: ~ 9 million  control


Subcommittee:
1) Marketing: 3,000,000...paid out 250,000k per month.

2) Infrastructure .....to be determined.

3) Tech....to be determined.


SUBCOMMITTES determined their own spending plans.....

Let's do fisrt things first. Cfb doesn't want to keep the money, so we need someone else. We need to choose several people and send them equal parts. Then decide how to spend the funds.

[landomata]

Let's do fisrt things first. Cfb doesn't want to keep the money, so we need someone else. We need to choose several people and send them equal parts. Then decide how to spend the funds.

pls see link it's underway


https://bitcointalk.org/index.php?topic=445209.0

[jl777]

Please clarify. Leave what up to the committee? Are you saying to revisit the allocation to marketing? Are you saying to not separate funding decisions from disbursement ability?

James....

Funding Committee: ~ 9 million  control


Subcommittee:
1) Marketing: 3,000,000...paid out 250,000k per month.

2) Infrastructure .....to be determined.

3) Tech....to be determined.


SUBCOMMITTES determined their own spending plans.....

I think we are saying almost the same thing. I see it more as the trusted members are there to hold the funds and disburse it when the subcommittees approve it. The "Funding Committee" should NOT be above the subcommittees. Otherwise the conflict of interest could happen. The trusted 7 need to be separate from the subcommittees, NOT above.

Separation of deciding and access to funds. It is common sense

[Passion_ltc]

Result AM contest:


1) passion_ltc                         55 (23.9%) 50,000 NXT to 13337237365691622237
2) Minusbalancer                         53 (23%)   30,000 NXT to 5687942189255392308
3) landomata (Nxtty Messenger)   42 (18.3%) 20,000 NXT to 485245472715464717

4) Marcus03                         21 (9.1%) 15,000 NXT to 1758531264253431177
4) nxtru                                 21 (9.1%) 15,000 NXT to 6488861056876578743
4) getfun12345                         21 (9.1%) 15,000 NXT to 5693933960808456307
5) scor2k                                 17 (7.4%) 15,000 NXT to 13506390574400724639

Total Voters:  230  

Pretty strange result... I had like 4 votes just a few hours ago...

I know something strange happend... but can we find ourselves in the results?

I got a proof that one guy offered to fake the result by using a lot of sockpuppet accounts. He asked for part of the reward. We shouldn't use reward polls next time.

This time I'll send 22'857 NXT to each account.

DONE

Thank you very much. I think it's a shame that this happened.

I will create a vote system the next days based on transactions.

The vote creator can choose the following optional parameters to prevent fakes:
- NXT amount (e.g. a NXT account is only able to vote if he holds 500 NXT)
- Account age (e.g. a NXT account is only able to vote if the first transaction is older than 10 days)

I won't use the 1NXT=1Vote system, but I won't use the 1acc=1vote system either. I think I will use a modified root function so that small account holders have a few votes (e.g. 2), medium account holders have a few more votes (e.g. 5) and big account holders have again a few more votes (e.g. 7)

I will look into the mathematics tomorrow.


It will work in the way, that the account owner has to send 1 NXT to an automatic created NXT ID where only I have the password for.

These NXTs will be used for advertisements on reddit for /r/Nxt and the whole Nxt ecosystem.


I hope that this will be used.. I will just do it, because currently we are talking to much, instead of doing it.

Edit: Regarding the votes, maybe I will do it like this: Each new place of the NXT amount will give 1 new vote. Example:

5 NXT brings 1 vote
67 NXT brings 2 votes
862 NXT brings 3 votes
5349 NXT brings 4 votes
96432 NXT brings 5 votes

And so on..

[jl777]

Doesn't that cost some NXT?

YES!  ...1 NXT

I think people will prefer less steps and not being charged to vote

[landomata]

I think we are saying almost the same thing. I see it more as the trusted members are there to hold the funds and disburse it when the subcommittees approve it. The "Funding Committee" should NOT be above the subcommittees. Otherwise the conflict of interest could happen. The trusted 7 need to be separate from the subcommittees, NOT above.

Separation of deciding and access to funds. It is common sense

They will be separate....funding committee can;t tell subcommittees how to spend their funds.

[landomata]

The vote creator can choose the following optional parameters to prevent fakes:
- NXT amount (e.g. a NXT account is only able to vote if he holds 500 NXT)
- Account age (e.g. a NXT account is only able to vote if the first transaction is older than 10 days)

I won't use the 1NXT=1Vote system, but I won't use the 1acc=1vote system either. I think I will use a modified root function so that small account holders have a few votes (e.g. 2), medium account holders have a few more votes (e.g. 5) and big account holders have again a few more votes (e.g. 7)

I will look into the mathematics tomorrow.


It will work in the way, that the account owner has to send 1 NXT to an automatic created NXT ID where only I have the password for.

These NXTs will be used for advertisements on reddit for /r/Nxt and the whole Nxt ecosystem.


I hope that this will be used.. I will just do it, because currently we are talking to much, instead of doing it.

can't wait to see it. 

[dzarmush]

Let's do fisrt things first. Cfb doesn't want to keep the money, so we need someone else. We need to choose several people and send them equal parts. Then decide how to spend the funds.

pls see link it's underway


https://bitcointalk.org/index.php?topic=445209.0

Been there, posted there.

I'm just saying that there's no much to discuss. There was a poll and the result was that the committee make decisions how to spend funds. So let's vote for the committee members and let them decide.

Upd: committee, subcommittee, shmabcommitee. Why people love to make everything so complicated...

[jl777]

I think we are saying almost the same thing. I see it more as the trusted members are there to hold the funds and disburse it when the subcommittees approve it. The "Funding Committee" should NOT be above the subcommittees. Otherwise the conflict of interest could happen. The trusted 7 need to be separate from the subcommittees, NOT above.

Separation of deciding and access to funds. It is common sense

They will be separate....funding committee can;t tell subcommittees how to spend their funds.

Then please change the name. subcommittee means it is subject to the main committee, not the other way around. Words mean things, stuff like this can be easily misinterpreted

[Zahlen]

I will just do it, because currently we are talking to much, instead of doing it.

I agree, I'm sick of all the interleaved convos with no results. Guys, at the very least, split off topics in separate threads and link to it here.

Haven't checked out nxtion yet, but I will after you implement the voting feature

[landomata]

Let's do fisrt things first. Cfb doesn't want to keep the money, so we need someone else. We need to choose several people and send them equal parts. Then decide how to spend the funds.

pls see link it's underway


https://bitcointalk.org/index.php?topic=445209.0

Been there, posted there.

I'm just saying that there's no much to discuss. There was a poll and the result was that the committee make decisions how to spend funds. So let's vote for the committee members and let them decide.

you have to nominate a name....then after a few days we will collect the most names into a proper open poll for the Funding Committee

[landomata]

Then please change the name. subcommittee means it is subject to the main committee, not the other way around. Words mean things, stuff like this can be easily misinterpreted

lets not get stuckup on semantics...but I agree

[Passion_ltc]

I will just do it, because currently we are talking to much, instead of doing it.

I agree, I'm sick of all the interleaved convos with no results. Guys, at the very least, split off topics in separate threads and link to it here.

Haven't checked out nxtion yet, but I will after you implement the voting feature

I think I will implement the voting feature outside of nxtion. Because I don't want ppl to register for MY service, just to vote for something.

But after I created groups or groupdiscussions for nxtion I can add it there as well.

[dzarmush]

Let's do fisrt things first. Cfb doesn't want to keep the money, so we need someone else. We need to choose several people and send them equal parts. Then decide how to spend the funds.

pls see link it's underway


https://bitcointalk.org/index.php?topic=445209.0

Been there, posted there.

I'm just saying that there's no much to discuss. There was a poll and the result was that the committee make decisions how to spend funds. So let's vote for the committee members and let them decide.

you have to nominate a name....then after a few days we will collect the most names into a proper open poll for the Funding Committee

I see enough trusted people in the first post.

[NxtChg]

The problem Uniqueorn, is that real science is NOT done by consensus. If that were the case, then we'd still think that the earth was at the center of the universe... I could go on and on with examples of why consensus has no place in the scientific method. Furthermore, I need to point out the MASSIVE incentive governments have in paying scientists to come up with the statistics they want people to see. Don't you see just what kind of money is involved in 'carbon taxing' every single person on earth?... Right now we're seeing record low temperatures all over the world. They changed 'global warming' to 'climate change', and I'm sorry... but the earth's climate has been changing for something like 4.5 billion years.

I could go on and on. The main thing is: real science isn't done by consensus.
and second: If people want to agree that the earth's climate is changing in a negative way, that's fine. Just DON'T steal peoples money through taxation in an attempt to fix the problem. It won't work. Yeah, plant some trees or something. But FORCE is NEVER the answer.

I am going to copy/paste and save it, this is a really good reply.

[dzarmush]

The problem Uniqueorn, is that real science is NOT done by consensus. If that were the case, then we'd still think that the earth was at the center of the universe... I could go on and on with examples of why consensus has no place in the scientific method. Furthermore, I need to point out the MASSIVE incentive governments have in paying scientists to come up with the statistics they want people to see. Don't you see just what kind of money is involved in 'carbon taxing' every single person on earth?... Right now we're seeing record low temperatures all over the world. They changed 'global warming' to 'climate change', and I'm sorry... but the earth's climate has been changing for something like 4.5 billion years.

I could go on and on. The main thing is: real science isn't done by consensus.
and second: If people want to agree that the earth's climate is changing in a negative way, that's fine. Just DON'T steal peoples money through taxation in an attempt to fix the problem. It won't work. Yeah, plant some trees or something. But FORCE is NEVER the answer.

I am going to copy/paste and save it, this is a really good reply.

Are you serious? Wasn't it enough already?

[jl777]

Then please change the name. subcommittee means it is subject to the main committee, not the other way around. Words mean things, stuff like this can be easily misinterpreted

lets not get stuckup on semantics...but I agree

Thanks. Can we agree on "Trusted 7" (or N if we end up with something other than 7)
and just "Marketing committee", "Tech committee" and "Infrastructure committee"

This would clearly indicate that the Trusted 7 are holding the funds but the committees are independently deciding how to spend the funds

[jl777]

Let's do fisrt things first. Cfb doesn't want to keep the money, so we need someone else. We need to choose several people and send them equal parts. Then decide how to spend the funds.

pls see link it's underway


https://bitcointalk.org/index.php?topic=445209.0

Been there, posted there.

I'm just saying that there's no much to discuss. There was a poll and the result was that the committee make decisions how to spend funds. So let's vote for the committee members and let them decide.

you have to nominate a name....then after a few days we will collect the most names into a proper open poll for the Funding Committee

I see enough trusted people in the first post.

some concerns have been raised about having people actively developing NXT clones on these votings, but this is not the urgent issue. The first step is to come to consensus on Process.