NXT :: descendant of Bitcoin - Updated Information

[Pouncer]

Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.

[w4llace]

Keep politics out of Nxt. It will only divide people.

OMG, why are people so near-sighted? Every decision has a ethical component.  Just not taking care of the energy-consumption of cryptocurrencies doesn't makes this blindness unpolitical. You can't live in this world without taking place in a causal chain!

[bitcoinpaul]

Pouncer's Proposal was three different accounts, one for each treasurer.

Marketing = 3 million
infrastructure = 1 million or cost to deploy hubs needed for 1000TPS
tech = ~6 million - infrastructure

James

Right.

Guys and Gals, let's do this!

[landomata]

Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.

agree

[martismartis]

Hi NXTers

I'm still trying to runs NRS on android TV stick. I'm at 99% of work done. Ubuntu is running, Java installed. OK:

1. Started start.jar without any .nxt. Everything went smooth until block 22001, then java aborted.
2. Copied .nxt files from my other PC to the stick, started java.jar and after "Scanning blockchain..." BUMP, error is something like this:

A fatal error has been detected by the Java Runtime environment:

Internal error (os_linux_zero.cpp:285). pid=10388, tid=1090630768
fatal error: caught unhandled signal 11

JRE version: 7.0_25-b30
Java VM: OpenJDK Zero VM (23.7-b01 mixed mode linux-arm)
Core dump written. Default location :/home/ubuntu/Desktop/nxt/core or core.18388

Any thoughts from dev how to get rid of this problem?

[jl777]

Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.

Marketing has been decided at 3 million
Tech/Infrastructure the remaining 6 million. Once we know the cost for the 1000TPS hubs, then we will know the right allocation between tech and infrastructure.

[landomata]

Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.

Marketing has been decided at 3 million
Tech/Infrastructure the remaining 6 million. Once we know the cost for the 1000TPS hubs, then we will know the right allocation between tech and infrastructure.

James....lets increase marketing funds by 50% ...make it cool 4.5 million....1.5 can be used in 2nd year.

[jl777]

Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.

Marketing has been decided at 3 million
Tech/Infrastructure the remaining 6 million. Once we know the cost for the 1000TPS hubs, then we will know the right allocation between tech and infrastructure.

James....lets increase marketing funds by 50% ...make it cool 4.5 million....1.5 can be used in 2nd year.

No. community already decided on 3 million. Plus I have a LOT of new tech ideas that will require funding that will make the marketing money go a lot further

[Come-from-Beyond]

Hi NXTers

I'm still trying to runs NRS on android TV stick. I'm at 99% of work done. Ubuntu is running, Java installed. OK:

1. Started start.jar without any .nxt. Everything went smooth until block 22001, then java aborted.
2. Copied .nxt files from my other PC to the stick, started java.jar and after "Scanning blockchain..." BUMP, error is something like this:

A fatal error has been detected by the Java Runtime environment:

Internal error (os_linux_zero.cpp:285). pid=10388, tid=1090630768
fatal error: caught unhandled signal 11

JRE version: 7.0_25-b30
Java VM: OpenJDK Zero VM (23.7-b01 mixed mode linux-arm)
Core dump written. Default location :/home/ubuntu/Desktop/nxt/core or core.18388

Any thoughts from dev how to get rid of this problem?

Try again several times.

[jl777]

Hi NXTers

I'm still trying to runs NRS on android TV stick. I'm at 99% of work done. Ubuntu is running, Java installed. OK:

1. Started start.jar without any .nxt. Everything went smooth until block 22001, then java aborted.
2. Copied .nxt files from my other PC to the stick, started java.jar and after "Scanning blockchain..." BUMP, error is something like this:

A fatal error has been detected by the Java Runtime environment:

Internal error (os_linux_zero.cpp:285). pid=10388, tid=1090630768
fatal error: caught unhandled signal 11

JRE version: 7.0_25-b30
Java VM: OpenJDK Zero VM (23.7-b01 mixed mode linux-arm)
Core dump written. Default location :/home/ubuntu/Desktop/nxt/core or core.18388

Any thoughts from dev how to get rid of this problem?

block 22000 sounds familiar. Was it aliases that kicked in? Maybe buffer overflow from a long alias string?

[Passion_ltc]

Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.

Marketing has been decided at 3 million
Tech/Infrastructure the remaining 6 million. Once we know the cost for the 1000TPS hubs, then we will know the right allocation between tech and infrastructure.

James....lets increase marketing funds by 50% ...make it cool 4.5 million....1.5 can be used in 2nd year.

No. community already decided on 3 million. Plus I have a LOT of new tech ideas that will require funding that will make the marketing money go a lot further

Yep, also if the marketing campaign is successful (and this lies in your own hands) then even 1M NXT will be SO MUCH money. The NXT amount you have should be enough for years to come.

[NxtChg]

Marketing = 3 million
infrastructure = 1 million or cost to deploy hubs needed for 1000TPS
tech = ~6 million - infrastructure

What the hell is "infrastructure fund"? Why money is being juggled so easily?

That 1 million will appreciate significantly if we do things right, so why such arbitrary decisions are taken so lightly?  

That should be a part of tech and tech will decide how much is needed to support the network, not some arbitrary round number.

And I want a fiscal conservative, like rickyjames to have at least a veto power, so we won't burn through all this money in a month! This radio deal we've got into so quickly doesn't look particularly bright.


Also, giving the rich more money in addition to their original stakes doesn't seem right. At least for outsiders it won't look good, we already have the distribution accusations...

I would rather see an independent trustees, who are not the original stakeholders.

We need decentralization, not concentration of power in the hands of a few.

[Hacer88]

Hi NXTers

I'm still trying to runs NRS on android TV stick. I'm at 99% of work done. Ubuntu is running, Java installed. OK:

1. Started start.jar without any .nxt. Everything went smooth until block 22001, then java aborted.
2. Copied .nxt files from my other PC to the stick, started java.jar and after "Scanning blockchain..." BUMP, error is something like this:

A fatal error has been detected by the Java Runtime environment:

Internal error (os_linux_zero.cpp:285). pid=10388, tid=1090630768
fatal error: caught unhandled signal 11

JRE version: 7.0_25-b30
Java VM: OpenJDK Zero VM (23.7-b01 mixed mode linux-arm)
Core dump written. Default location :/home/ubuntu/Desktop/nxt/core or core.18388

Any thoughts from dev how to get rid of this problem?

Can you make a tutorial when you manage to let this work?
Maybe I can do it too then. Cool!

[Labteck]

A bureaucracy is "a body of nonelective government officials" and/or "an administrative policy-making group."[1] Historically, bureaucracy referred to government administration managed by departments staffed with nonelected officials.[2] In modern parlance, bureaucracy refers to the administrative system governing any large institution.

https://en.wikipedia.org/wiki/Bureaucracy

[EvilDave]

<head rises slowly from trench, looks around cautiously...>

Is it safe to come out now ?

This is just gonna be a very quick post, then back into my nice safe trench to get some work done.

I was stupid. Sorry,
I really thought that if i proposed a carbon-offset project that had almost nothing to do with the C02/anthropogenic global warming issue, that we could both promote NXT and do some good in the wider world. Reforestation and cleaner cooking tech for the developing world, how evil is that?

Well, we all saw how that turned out. I think that, as a European, I really don't get how divisive this issue is for the US.
I know that if I walked into a marketing meeting in any Euro-based business and made the same proposal, everyone would yawn and tell me that they'd done that last year and could I come up with something original. It's just so not an issue here......

But I'm not going to give up on the core idea: get some good publicity/marketing for NXT via green issues and/or doing good things.
I'm  going to go thru all of the feedback I've had, (positive + negative) and see if we can work something out that keeps all sides happy.
Or close to happy. I'm willing to discuss every aspect of my proposal, given some constructive feedback.

If anyone still feels the need to call me a mealy-mouthed, environmentalist, commie Al Gore on a mission to guilt trip everyone for being human and steal all of your money to give to abortion clinics, I'll be back on in a few hours. Save it till then.........

[Labteck]

“Strive to make proposed solutions as self-executing as possible. As the degree of discretion increases, so too does bureaucracy, delay, and expense.”
-“Bureaucracy is the death of all sound work”
-“Bureaucracy is the art of making the possible impossible”
-“In any bureaucracy, paper work increases as you spend more and more time reporting on the less and less you are doing”
-“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.”

[jl777]

Marketing = 3 million
infrastructure = 1 million or cost to deploy hubs needed for 1000TPS
tech = ~6 million - infrastructure

What the hell is "infrastructure fund"? Why money is being juggled so easily?

That 1 million will appreciate significantly if we do things right, so why such arbitrary decisions are taken so lightly? 

That should be a part of tech and tech will decide how much is needed to support the network, not some arbitrary round number.

And I want a fiscal conservative, like rickyjames to have at least a veto power, so we won't burn through all this money in a month! This radio deal we've got into so quickly doesn't look particularly bright.


Also, giving the rich more money in addition to their original stakes doesn't seem right. At least for outsiders it won't look good, we already have the distribution accusations...

I would rather see an independent trustees, who are not the original stakeholders.

The treasurers will NOT be getting any funds. They are just there to send the NXT as directed by the respective committees. There are no arbitrary decisions being made. The infrastructure cost will be estimated by probably both tech and infrastructure committees and then the 6 million will be allocated accordingly.

nxtchg, please understand that we have to decide on a Process to deal with unclaimed funds. The treasurers will have no say in how the money is spent. Separation of decision making from access to funds.

If you want to participate in the marketing committee then you can. But it is not appropriate for you to derail the entire process because you don't agree with one of the decisions made. We are talking about Process now. Not any specific spending decision. I know you are the worlds best programmer, but are you also the worlds best marketer? Please do not tangle up specific spending decisions of an area outside your sphere with the process.

Do you have any objections with klee or neer.g or bybitcoin or Pouncer being the ones who are responsible to disburse the NXT when directed by the respective committee?

James

[martismartis]

Hi NXTers

I'm still trying to runs NRS on android TV stick. I'm at 99% of work done. Ubuntu is running, Java installed. OK:

1. Started start.jar without any .nxt. Everything went smooth until block 22001, then java aborted.
2. Copied .nxt files from my other PC to the stick, started java.jar and after "Scanning blockchain..." BUMP, error is something like this:

A fatal error has been detected by the Java Runtime environment:

Internal error (os_linux_zero.cpp:285). pid=10388, tid=1090630768
fatal error: caught unhandled signal 11

JRE version: 7.0_25-b30
Java VM: OpenJDK Zero VM (23.7-b01 mixed mode linux-arm)
Core dump written. Default location :/home/ubuntu/Desktop/nxt/core or core.18388

Any thoughts from dev how to get rid of this problem?

Try again several times.

Doesn't help.

[NxtChg]

The treasurers will NOT be getting any funds. They are just there to send the NXT as directed by the respective committees.

And what if one day they decide they don't feel like doing it anymore?

Also, how do you think it's gonna look to outsiders?

[freigeist]

While saving energy and being eco-friendly is a strong argument in Nxt's favor, let's not forget that even more importantly Nxt gives people economic freedom.  This is the most important freedom of all.  You can give people every other freedom in the world, but without economic freedom it means nothing.  They are still slaves to the "debt as money" usury capitalists.

Bitcoin is broken because the security of the network can be forcibly compromised by third-parties.  Nxt's security does not have this issue.  A third-party would have to hold over 90% of all the currency to destroy Nxt.  To destroy Bitcoin, a third-party would only have to have over 51% of the network processing power.  Any entity can purchase tons of ASICs and destroy Bitcoin.

+1