NXT :: descendant of Bitcoin - Updated Information

[ChuckOne]

...great idea. Also use some founds for CFB to finish Lakshmi [LAK]

Lakshmi is very easy to create. All work could be done for 100 NXT. I don't do it coz I'm waiting for my partner, when she sorts out all legal issues.

I would be eager to help if you need it.

[1714976525]

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[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.

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

Each committee will be able to decide all these issues. It is a constant battle between spending now to boost the value of NXT, which reduces what is needed in the future, versus saving it and counting on each NXT to get that much more.

One year is a long time in this industry, but if we can stretch these funds to two years and still maintain top dog status among second gen, then I say stretch. My concern is that we stay on top. That is the most important. If we have to use all the funds up but can stay on top all of 2014, then 2015 will be much easier.

If we stretch the funds to three years but end up losing top status, then we might have funds longer, but the outcome is worse.

The goal is to maintain our leadership position among second gen

James

[Uniqueorn]

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.

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

Personally I don't think there's anything really wrong with that. In one years time NXT should be self-sustainable and be 100% open source. It is not healthy or good for NXT to have a "official" anything beyond 1 year existence in my opinion.

The job for marketing is to make the NXT ecosystem grow and get tons of new users, not to be the CEOs of NXT for eternity. That is the opposite of what is meant for NXT.

[NxtChg]

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

There's currently mostly an agreement on 3 stakeholders as treasurers with no rights to vote.

3 funds divided between 3 of them (each is responsible for only one account):

* development = 5 million
* marketing = 3 million
* infrastructure (can also be shared as misc or reserve) = 1 million

Then there will be one or more committees, which will actually decide how to spend these funds.

So let's focus for now on taking money from CfB and splitting between these 3 people, so he won't send it to the genesis.

Then we can focus on committees.

[rickyjames]

First, it's "their", not "there".  Very important to get that right in the marketing materials.

Second, ladies and gentlemen, you can see right here and right now how the revolution to take the common heritage of the NXT community from the hands of the many into the hands of the few is complete.

  that's why i'm not a copy writer....I just think up the strategy and they execute what I say.

That's how Hitler operated, and it certainly is a straightforward management style.  I strongly urge you to get some sort of comment-based review cycle and feedback loop into your thinking.  

Folks, these committee members haven't actually been selected yet, perhaps you would like to go over there and express your thoughts on who should control this unspent 9M NXT - while you still CAN express your thoughts.

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

[bitcoinpaul]

The slate of treasurers is: klee, bybitcoin, neer.g with pouncer as alternate. One treasurer for each of the three committees.

Lets table any discussions about specific funding decisions that were made in the past or proposed, we MUST come to consensus on Process. Without this consent, there are no funds to debate about.

I suggest that the selection process for the three different committees starts right away, those are the decision makers. Merit based for each committee. Details on size, etc. to work out but that is up to each committee.

One step at a time. Current step is to get consensus on the Process

James

ladies and gentlemen, you can see right here and right now how the revolution to take the common heritage of the NXT community from the hands of the many into the hands of the few is complete.

Wasn't it more like "The committee discusses ideas and solutions with the community and make some polls for getting the overall opinion before making decisions"? I don't want voting's to make the final decisions, but there should be polls to get the opinion of the many, like it was stated in the old voting thread. Then, we can burn the witches play french revolution with the members of the commitee if necessary  

edit:

A funding committee follow "open bounty" concept

hm.

[Hegemon]

First marketing thing to do should be to use a specific forum for NXT instead of creating multiple threads on this bitcoin forum.

This long thread isn't easy to follow, and now you re creating more around ? 

[jl777]

First, it's "their", not "there".  Very important to get that right in the marketing materials.

Second, ladies and gentlemen, you can see right here and right now how the revolution to take the common heritage of the NXT community from the hands of the many into the hands of the few is complete.

  that's why i'm not a copy writer....I just think up the strategy and they execute what I say.

That's how Hitler operated, and it certainly is a straightforward management style.  I strongly urge you to get some sort of comment-based review cycle and feedback loop into your thinking.  

Folks, these committee members haven't actually been selected yet, perhaps you would like to go over there and express your thoughts on who should control this unspent 9M NXT - while you still CAN express your thoughts.

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

I think it will be prudent for the community to provide an up or down vote for each slate of proposed committee members.

Voting to be done in a special voting thread with posts. This also allows selection between competing slates. I think it best if the voting was open to eliminate sock puppets affecting the future of NXT.

By voting for an entire slate, we can be sure each slate has the right mix of talents, etc. in them.

We also need to make sure that people on committees cant directly decide to award themselves NXT. Abstention rules, conflict of interest avoidance. Common sense stuff

[Uniqueorn]

First marketing thing to do should be to use a specific forum for NXT instead of creating multiple threads on this bitcoin forum.

This long thread isn't easy to follow, and now you re creating more around ? 

+1^100000

I have said this for weeks now. Let's start using the forum NEXTCOIN.ORG where we have 4500 active members. Why the hell are the main decisions still being made in this neverendingthread that is more disorganized than a crackhead?

[rickyjames]

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

There's currently mostly an agreement on 3 stakeholders as treasurers with no rights to vote.

3 funds divided between 3 of them (each is responsible for only one account):

* development = 5 million
* marketing = 3 million
* infrastructure (can also be shared as misc or reserve) = 1 million

Then there will be one or more committees, which will actually decide how to spend these funds.

So let's focus for now on taking money from CfB and splitting between these 3 people, so he won't send it to the genesis.

Then we can focus on committees.

I propose as the only currently established NXT treasurer:

1.The 9M NTX to be split into four funds, with the additional one being a rainy day fund that doesn't get tapped for a period of one year
2. The rainy day fund constitute a minimum of one-quarter of unspent NXT
3. The committee spending the rainy day fund is to be formed in one year from genesis block formation to allow new blood that hasn't even discovered NXT yet a chance to participate
4. That rickyjames be established as treasurer of the rainy day fund

[Uniqueorn]

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

There's currently mostly an agreement on 3 stakeholders as treasurers with no rights to vote.

3 funds divided between 3 of them (each is responsible for only one account):

* development = 5 million
* marketing = 3 million
* infrastructure (can also be shared as misc or reserve) = 1 million

Then there will be one or more committees, which will actually decide how to spend these funds.

So let's focus for now on taking money from CfB and splitting between these 3 people, so he won't send it to the genesis.

Then we can focus on committees.

I propose as the only currently established NXT treasurer:

1.The 9M NTX to be split into four funds, with the additional one being a rainy day fund that doesn't get tapped for a period of one year
2. The rainy day fund constitute a minimum of one-quarter of unspent NXT
3. The committee spending the rainy day fund is to be formed in one year from genesis block formation to allow new blood that hasn't even discovered NXT yet a chance to participate
4. That rickyjames be established as treasurer of the rainy day fund

What is with this obsession with having control over NXT past 1 year? NXT is supposed to be decentralized. It is not healthy for NXT branding to have a official committee etc. at all. We HAVE to have it now that we're in beta phase, but it's not supposd to be a lasting thing. Hell even CfB leaves the ship soon. It's time NXT becomes self-sustainable.

Aren't you in charge of 2+ million NXT from private founders already? What are those being spent on?

[wesleyh]

First marketing thing to do should be to use a specific forum for NXT instead of creating multiple threads on this bitcoin forum.

This long thread isn't easy to follow, and now you re creating more around ? 

+1^100000

I have said this for weeks now. Let's start using the forum NEXTCOIN.ORG where we have 4500 active members. Why the hell are the main decisions still being made in this neverendingthread that is more disorganized than a crackhead?

Actually it should be nxtcrypto.org - if everyone moves there, members will come. Best to use a forum that is independent.

[landomata]

That's how Hitler operated, and it certainly is a straightforward management style.  I strongly urge you to get some sort of comment-based review cycle and feedback loop into your thinking.  

Folks, these committee members haven't actually been selected yet, perhaps you would like to go over there and express your thoughts on who should control this unspent 9M NXT - while you still CAN express your thoughts.

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

Ricky I respect you cuz you are my elder...but pls note I was a voting member of the Board at 24 years old and the operating budget of our organization was 250 million dollars....so I know how to operate in a strategic management structure.

But yes we must always be open to the idea's of others....ALWAYS.

[bitcoinpaul]

What is with this obsession with having control over NXT past 1 year? NXT is supposed to be decentralized. It is not healthy for NXT branding to have a official committee etc. at all. We HAVE to have it now that we're in beta phase, but it's not supposd to be a lasting thing. Hell even CfB leaves the ship soon. It's time NXT becomes self-sustainable.

Aren't you in charge of 2+ million NXT from private founders already? What are those being spent on?

There is no official committee.

It's just a group with 10 Mio. NXT. That's it.

[martismartis]

Could somebody check my node and Android TV stick? http://217.17.88.5:7874/
Seems to me that it is working, but in any case, check from outside world

[Uniqueorn]

First marketing thing to do should be to use a specific forum for NXT instead of creating multiple threads on this bitcoin forum.

This long thread isn't easy to follow, and now you re creating more around ? 

+1^100000

I have said this for weeks now. Let's start using the forum NEXTCOIN.ORG where we have 4500 active members. Why the hell are the main decisions still being made in this neverendingthread that is more disorganized than a crackhead?

Actually it should be nxtcrypto.org - if everyone moves there, members will come. Best to use a forum that is independent.

Nextcoin is independent too. Just beause the founder also owns DGEX doesn't mean it's affiliated with DGEX. It isn't
You are allowed to discuss anything there.
The point is that it already has a ton of users. Sure it could do with a design makerover, but other than that it's fine.
I don't have anything against the nxtcrypto forum either, but I want this to happen soon.

I have requested this for weeks and asked CfB specifically why he choose to ignore 90% of NXTers and only focus on thist hread, but there seems to be no other answer than "I like this thread".
I think it's dishonest to the spirit of democracy to ignore the vast amount of NXTers that simply do not have the time to follow this thread.

[Uniqueorn]

What is with this obsession with having control over NXT past 1 year? NXT is supposed to be decentralized. It is not healthy for NXT branding to have a official committee etc. at all. We HAVE to have it now that we're in beta phase, but it's not supposd to be a lasting thing. Hell even CfB leaves the ship soon. It's time NXT becomes self-sustainable.

Aren't you in charge of 2+ million NXT from private founders already? What are those being spent on?

There is no official committee.

It's just a group with 10 Mio. NXT. That's it.

When the NXTs come directly from BCNext that is as official as you get it.
My point is that NXT should and will be selfsustainable and opensource. Marketing and development will become decentralized.
I predict that within 4-6 months NXT is already so big that we wont have to worry about it anymore.

[nxtru]

Could somebody check my node and Android TV stick? http://217.17.88.5:7874/
Seems to me that it is working, but in any case, check from outside world

It works! Just curious, how much memory does it have?

[Voluntold]

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

There's currently mostly an agreement on 3 stakeholders as treasurers with no rights to vote.

3 funds divided between 3 of them (each is responsible for only one account):

* development = 5 million
* marketing = 3 million
* infrastructure (can also be shared as misc or reserve) = 1 million

Then there will be one or more committees, which will actually decide how to spend these funds.

So let's focus for now on taking money from CfB and splitting between these 3 people, so he won't send it to the genesis.

Then we can focus on committees.

I propose as the only currently established NXT treasurer:

1.The 9M NTX to be split into four funds, with the additional one being a rainy day fund that doesn't get tapped for a period of one year
2. The rainy day fund constitute a minimum of one-quarter of unspent NXT
3. The committee spending the rainy day fund is to be formed in one year from genesis block formation to allow new blood that hasn't even discovered NXT yet a chance to participate
4. That rickyjames be established as treasurer of the rainy day fund

What is with this obsession with having control over NXT past 1 year? NXT is supposed to be decentralized. It is not healthy for NXT branding to have a official committee etc. at all. We HAVE to have it now that we're in beta phase, but it's not supposd to be a lasting thing. Hell even CfB leaves the ship soon. It's time NXT becomes self-sustainable.

Aren't you in charge of 2+ million NXT from private founders already? What are those being spent on?

+1 I agree with you there. Keep things as decentralized as possible.

[CryptKeeper]

Could somebody check my node and Android TV stick? http://217.17.88.5:7874/
Seems to me that it is working, but in any case, check from outside world

It works!