NXT :: descendant of Bitcoin - Updated Information

[jl777]

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?

Then we would need to find a new treasurer. Not a big problem is it? In any case we already have one alternate, so this only becomes an issue if two people decide not to. However, these guys have the most to gain by spending to improve NXT, so they are the least likely to bail.

[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?

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

First of all I didn't finished completely, because of this error. I'd like to get rid of this problem and run everything smooth. So then I'll write some tutorial (never did that). It still 3 days I'm working on it, few times I wanted to resign from this thing, but I'll not surrender

Short tutorial:

1) install ubuntu on tv stick
2) install java in ubuntu
3) BUMP error. Worked for me till 22000 block

[jl777]

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?

I think it will look good to outsiders. Millionaire founders agree to obey the decisions of committees selected by the community. Committee members are chosen based on merit and not by how much NXT they have.

Just what part of that looks bad?

James

[bitcoinpaul]

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?

Then it is all gone. All the lousy 10M NXT.

Jesus...

[NxtChg]

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?

I think it will look good to outsiders. Millionaire founders agree to obey the decisions of committees selected by the community. Committee members are chosen based on merit and not by how much NXT they have.

Just what part of that looks bad?

That "agree to obey" part. Let me ask again, what if one day they decide not to?

To outsiders it looks like this: "there were 73 super rich original stakeholders and when some of them didn't claim their funds, those funds were divided between the rest of the original rich guys".

And the outsiders won't get into any details that it's not true and that trustees have to "agree to obey"...

[NxtChg]

Then it is all gone. All the lousy 10M NXT.

Lousy to whom? As I understand, that's all we've got for Nxt development, outside of private money.

[Emule]

funny  

i know at least 2 founders have sent bcnext BTC from multiple accounts and sock pupet accounts.
this means that they r verry verry rich and have more than 100M each  
they will not have the time to unload them before 20 years

so the statistics is wrong and does not match up.

far less founders than 73, more like 12, do ur DD

[jl777]

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?

I think it will look good to outsiders. Millionaire founders agree to obey the decisions of committees selected by the community. Committee members are chosen based on merit and not by how much NXT they have.

Just what part of that looks bad?

That "agree to obey" part. Let me ask again, what if one day they decide not to?

To outsiders it looks like this: "there were 73 super rich original stakeholders and when some of them didn't claim their funds, those funds were divided between the rest of the original rich guys".

And the outsiders won't get into any details that it's not true and that trustees have to "agree to obey"...

So because you are worried about baseless FUD that you admit will be baseless, you want to kill the best chance we have to actually start making use of the unclaimed NXT

If they decide not to obey, that will then make the FUD have some basis and it will hurt the value of NXT. Who does that hurt the most?

Keep in mind the alternative to getting a process like this in place is the likely destruction of the funds, not to mention delay in marketing plans and rolling out of hubs.

Those are big risks to take based on fear of FUD

[NxtChg]

you want to kill the best chance we have to actually start making use of the unclaimed NXT

Not at all. I just want 3 independent people, not original stakeholders, we have plenty of them.

What's the difference? We can select either 3 stakeholders or 3 independent trusted members. No big deal.

[abctc]

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

deploying the hubs - is a way to centralization. I think it is unacceptable. We need tech solution (in the core of Nxt), that makes profitable for hub owners to install these hubs.
So we do not need infrastructure committee at all.

[jl777]

you want to kill the best chance we have to actually start making use of the unclaimed NXT

Not at all. I just want 3 independent people, not original stakeholders, we have plenty of them.

What's the difference? We can select either 3 stakeholders or 3 independent trusted members. No big deal.

The BIG deal is that any treasurer cannot be in any of the committees. THAT is a big deal as we need to get people who are not the founders to put their stamp on NXT. The founders already did. Now it is the turn for the rest of us.

Do not worry about FUD. I would much rather have Anon helping in the committees than waiting to be told where to send the NXT to.

Do you understand that the treasurers function is to just hold the funds until told where to send it to. It will be held in a separate account for full transparency,

[Come-from-Beyond]

funny  

i know at least 2 founders have sent bcnext BTC from multiple accounts and sock pupet accounts.
this means that they r verry verry rich and have more than 100M each  
they will not have the time to unload them before 20 years

so the statistics is wrong and does not match up.

far less founders than 73, more like 12, do ur DD

Let me guess, 1 founder is u and another one is ur girlfriend?

PS: I'm still waiting for the dump...

[landomata]

you want to kill the best chance we have to actually start making use of the unclaimed NXT

Not at all. I just want 3 independent people, not original stakeholders, we have plenty of them.

What's the difference? We can select either 3 stakeholders or 3 independent trusted members. No big deal.

on this point your wrong....the 3 stakeholders ARE trusted.

[landomata]

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

deploying the hubs - is a way to centralization. I think it is unacceptable. We need tech solution (in the core of Nxt), that makes profitable for hub owners to install these hubs.
So we do not need infrastructure committee at all.

thats what Tech fund is for.....we need infrastructure....hubs are specialized someone will have to pay for them on a long term basis.

[jl777]

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

deploying the hubs - is a way to centralization. I think it is unacceptable. We need tech solution (in the core of Nxt), that makes profitable for hub owners to install these hubs.
So we do not need infrastructure committee at all.

Please make a specific proposal on how exactly we can get hub owners profitable by April. That is when we want to be able to handle 1000TPS. This is mission critical NXT component and I do not want to leave it to chance, plus there is no defined way for hub owners to make money yet. In any case, the important point is the proposed process. The actual allocation to infrastructure has not been determined yet. Currently we have many nodes that are subsidized and until we have a infrastructure that is self sufficient, I think it makes sense to subsidize it with the available NXT.

After all without the hubs, we won't get 1000TPS and without that we won't have the giant advantage over the other second gens

[BitcoinForumator]

funny  

i know at least 2 founders have sent bcnext BTC from multiple accounts and sock pupet accounts.
this means that they r verry verry rich and have more than 100M each  
they will not have the time to unload them before 20 years

so the statistics is wrong and does not match up.

far less founders than 73, more like 12, do ur DD

Let me guess, 1 founder is u and another one is ur girlfriend?

PS: I'm still waiting for the dump...

I believe Emule dump already happened but it was like this:

[Emule]

funny  

i know at least 2 founders have sent bcnext BTC from multiple accounts and sock pupet accounts.
this means that they r verry verry rich and have more than 100M each  
they will not have the time to unload them before 20 years

so the statistics is wrong and does not match up.

far less founders than 73, more like 12, do ur DD

Let me guess, 1 founder is u and another one is ur girlfriend?

PS: I'm still waiting for the dump...

I m gay, oh yes they gonna kill me now in Russia

[NxtChg]

The BIG deal is that any treasurer cannot be in any of the committees. THAT is a big deal as we need to get people who are not the founders to put their stamp on NXT.

I see the problem, but can't we find 3 people who will voluntarily give up their sits on committees?

We should strive for more decentralization, that's why I am in favor of independent trustees.

[abctc]

I really thought that if i proposed a carbon-offset project that had almost nothing to do with the ...

- could you please create another thread for your proposal, and stop pollute this thread with C02/anthropogenic questions. This thread is about Nxt. Thank you.

[NxtChg]

Please make a specific proposal on how exactly we can get hub owners profitable by April. That is when we want to be able to handle 1000TPS.

 

James, you are way too agitated. This is so optimistic, it borders on delusional, sorry