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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756303 times)
swartzfeger
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February 20, 2014, 05:17:25 AM
 #35701

how do i add a pic on this? just downloaded dotnxt client and a error message came up saying report this to the devs? took a screen shot of the message but i dont no how to add it in a msg here?



got the error again can some one please tell me how to add an image to this message please?Huh

Make sure the image is being hosted somewhere you can copy the url, like http.server.com/image.png

I use dropbox's public folder and it works well.
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February 20, 2014, 05:20:51 AM
 #35702

Whoops,

we just got pushed back to second place by Teslacoin

https://www.mintpal.com/voting
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February 20, 2014, 05:27:35 AM
 #35703

I want to make one more point here as an official NXT treasurer.  Those NXT fund spreadsheets in my sig currently document THREE QUARTERS OF A MILLION DOLLARS of assets.  This is with the NXT price apparently still being held down by a whale doing a slow selloff of his funds, with NXT still on the launchpad instead of blasting off for da moon.  In a matter of weeks or a few months we could literally be in control of MILLIONS OF DOLLARS WORTH OF NXT.   This is a HUGE HUGE HUGE responsibility.  Disbursing these assets is not like peeling off a five out of your wallet at McDonalds.  There has got to be a CHAIN OF COMMAND.  The treasurer has got to receive clear, unambiguous, and documented authorization to disburse from a SPECIFIC DESIGNATED SPENDING AUTHORITY that everybody acknowledges. 

It's not as big a deal as making sure you've got Presidential authorization to turn that key in a nuke sub....but I'm treating it that way.  Would you rather have a treasurer who didn't?


+100
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February 20, 2014, 05:29:17 AM
 #35704

ya but would in the tags would i put the file address of where the picture is located on my disc drive or would i have to upload it somehwer?

Uploaded. Like to dropbox or google drive.
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February 20, 2014, 05:31:34 AM
 #35705


Woah, woah, woah.  I want to call a time out here for a few pages.

I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY. 

I agree.... with everything rickyjames is saying.  Somehow we went from "please apply for the committees" to "these are the committees" to "funds will be disbursed" in less than 36 hours.

Posting twice in this thread and once in forums.nxtcrypto.org does not constitute allowing an adequate response from the community.  This rush to disburse funds for things based on minimal information and (more importantly) a SHORT timeframe is not sustainable.  

I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5?

Instead it's just put your name down as a candidate and you're in?  On as many committees as you want?

Yeah.  I've been busy on contract work this week (and will be until April 1) so I'm not able to keep up as much as I'd like.  There are lots of smart, competent folks like me who should be involved in these decisions but can't because they, you know, have jobs.  We seem to be rushing to do things QUICKLY, instead of PROPERLY.  

I admin the Nxt Wiki at http://wiki.nxtcrypto.org/ Please support my work by donating to Nxt account #1234567740944417915
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February 20, 2014, 05:44:05 AM
 #35706

I want to make one more point here as an official NXT treasurer.  Those NXT fund spreadsheets in my sig currently document THREE QUARTERS OF A MILLION DOLLARS of assets.  This is with the NXT price apparently still being held down by a whale doing a slow selloff of his funds, with NXT still on the launchpad instead of blasting off for da moon.  In a matter of weeks or a few months we could literally be in control of MILLIONS OF DOLLARS WORTH OF NXT.   This is a HUGE HUGE HUGE responsibility.  Disbursing these assets is not like peeling off a five out of your wallet at McDonalds.  There has got to be a CHAIN OF COMMAND.  The treasurer has got to receive clear, unambiguous, and documented authorization to disburse from a SPECIFIC DESIGNATED SPENDING AUTHORITY that everybody acknowledges. 

It's not as big a deal as making sure you've got Presidential authorization to turn that key in a nuke sub....but I'm treating it that way.  Would you rather have a treasurer who didn't?


+100

+100

We should also strive to put an deterministic end to that effort. That committee mechanism may not exist forever.
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February 20, 2014, 05:45:02 AM
 #35707


Woah, woah, woah.  I want to call a time out here for a few pages.

I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY. 

I agree.... with everything rickyjames is saying.  Somehow we went from "please apply for the committees" to "these are the committees" to "funds will be disbursed" in less than 36 hours.

Posting twice in this thread and once in forums.nxtcrypto.org does not constitute allowing an adequate response from the community.  This rush to disburse funds for things based on minimal information and (more importantly) a SHORT timeframe is not sustainable.  

I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5?

Instead it's just put your name down as a candidate and you're in?  On as many committees as you want?

Yeah.  I've been busy on contract work this week (and will be until April 1) so I'm not able to keep up as much as I'd like.  There are lots of smart, competent folks like me who should be involved in these decisions but can't because they, you know, have jobs.  We seem to be rushing to do things QUICKLY, instead of PROPERLY.  


Also, we need to be clear that all projects need to be open source to be considered for a bounty.  If the Dev decides to take the Nxt and go, the community can take over the project.
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February 20, 2014, 05:45:14 AM
 #35708


Isnt Damelon's project the same one NXTcommunityfund has 25K from neer.g and another 25K from someone else?


yes, but we are talking about an professional solution for e-commerce that benefits everyone and we will be sure this will be deliverd on budget on time.


You have my garantuee on that.
You also have my garantuee that all of it will go to the devs and none to me.
This is about getting things done in a way we all feel is adding value.

Thanks for SEEING value!

Important stuff.

+1
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February 20, 2014, 05:49:04 AM
Last edit: February 20, 2014, 07:00:00 AM by Zahlen
 #35709

I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5?

Instead it's just put your name down as a candidate and you're in?  On as many committees as you want?

Yeah.  I've been busy on contract work this week (and will be until April 1) so I'm not able to keep up as much as I'd like.  There are lots of smart, competent folks like me who should be involved in these decisions but can't because they, you know, have jobs.  We seem to be rushing to do things QUICKLY, instead of PROPERLY.  

I'm ok with no vetting but

Candidates should sell themselves (okay, that sounded wrong Grin). e.g. Describe what they've done so far and link to it (even just contributing to discussion is fine). Explain what skills they have, and why they think they're a good fit for the committee they're interested in. They also need to confirm their availability. They don't need to reveal their identity (whether to the public, or just to someone trustworthy), but professional info like what trades they've been in, for how many years would help their case.

i.e. convince everyone (meaning people who hang out in all the different forums) why you're a good choice, make it easy for folks to find info about what you've done, so that folks can make an informed choice.

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February 20, 2014, 05:56:38 AM
 #35710

Quote

  • I want to call a time out here for a few pages.
  • I'm not trying to be the Grinch here, but I STRONGLY think we've got to get a better handle on this whole process before we just start handing out NXT left and right to ANYBODY.
  • I also sort of thought there was gonna be some kind of vetting of people putting their names down for committees, where they would have to put in at least one post describing why they thought they were qualified to serve on a committee, what they wanted to accomplish there, blah blah blah, and um....we might actually VOTE IN A POLL to pick the top 5?
  • Instead it's just put your name down as a candidate and you're in?  On as many committees as you want?
  • I thought we were still in some kind of phase where people were still putting their names in to APPLY for the committee. 


Yes yes yes. +100

Just throwing the name in the spreadsheet and becoming a member is really bad. I thought the nominees should add their names on it and then we vote. Where is the voting?
This happens very unstructured and I propose:

- Stop spending the unclaimed coins
- Stop promising coins for projects
- Start a new thread where we discuss how we should proceed (voting on committee members, how do the members work together, what are the rules)
- Until then, don't do anything with this precious coins

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February 20, 2014, 05:57:52 AM
 #35711

Nice discussion here;

https://bitcointalk.org/index.php?topic=475406.0;all

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February 20, 2014, 06:21:38 AM
 #35712

Maybe allocate some funds to Peer Explorer.  The person running it just got NXT stolen out of caches meant for node administrators.  The whole cache program he's running encourages the creation of VPS nodes.  Just a suggestion.
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February 20, 2014, 06:38:01 AM
 #35713

I want to make one more point here as an official NXT treasurer.  Those NXT fund spreadsheets in my sig currently document THREE QUARTERS OF A MILLION DOLLARS of assets.  This is with the NXT price apparently still being held down by a whale doing a slow selloff of his funds, with NXT still on the launchpad instead of blasting off for da moon.  In a matter of weeks or a few months we could literally be in control of MILLIONS OF DOLLARS WORTH OF NXT.   This is a HUGE HUGE HUGE responsibility.  Disbursing these assets is not like peeling off a five out of your wallet at McDonalds.  There has got to be a CHAIN OF COMMAND.  The treasurer has got to receive clear, unambiguous, and documented authorization to disburse from a SPECIFIC DESIGNATED SPENDING AUTHORITY that everybody acknowledges. 

It's not as big a deal as making sure you've got Presidential authorization to turn that key in a nuke sub....but I'm treating it that way.  Would you rather have a treasurer who didn't?


I'm glad rickyjames is being conservative in distributing the funds.  The allocation of the community Nxt fund should be done with great care and thought.  Don't blow through all of it quickly.  The longer the funds are held the more valuable they will become and the more projects you can fund.

It's my belief that dollar parity is going to be here sooner than we all think.  Remember no more Nxt is being created.  We this happens the community will have $9 million at its disposal to fund projects.

Regardless of the USD value of the community Nxt fund remember, "You can only spend a dollar once."

 
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February 20, 2014, 06:39:11 AM
 #35714

ANNOUNCEMENT!

Asset Exchange is a great tool, but will not succeed without service providers. The most important question is…
How to get legal FIAT out of the IPO?

Let me explain the IPO process using Nxt´s Asset Exchange through our example:
We have a limited liability company (ltd) in Austria with financial reports for the last two years which is accessible online. The owners are known; we will try to provide a reasonable business plan and are ready to attend Q&A sessions so we can wave away all doubts. We are planning to pay dividends regularly to our investors depending of income. 
We are not a startup, but for this project, we will need another office, new developers, and a lot of things related to the daily job which we can´t (yet) pay with Bitcoin or Nxt, so we will definitively need FIAT to make those purchases. We need legal FIAT that the company can spend.
I am pretty sure that after the story with Visacoin (and all the other scammers) most of us will only invest in companies/projects of well-known community members, where the transparency is given, so you know whom you are lending your money. And they will also need a gateway to get legal FIAT out of the IPO.
I decided to consult a tax advisor, a business consultant and a professional offshore consultant to get an overview about the possibilities. And I am more than thrilled about the news I got. Smiley

My offer:
There are several ways for a company to get FIAT out of crypto, paying only a reasonable amount of tax. But all the ways are going through a special company (with special license) that is made for this purpose. There are professionals who know how to set things up in a LEGAL way, without risks. Sure, we need to pay (a reasonable amount of) taxes, but for that, we can have a good night´s sleep without the risk of getting busted for money laundering, tax evasion or something similar. We can have our own company, earn money by charging handling and transaction fees, AND help the community to grow and evolve. I am looking for a well-known community member to team up with to found this special company. I am a member of the community since the end of November and am ready to meet in person, wherever we can arrange it. This is a big opportunity, I think, but I can´t do it alone. I need someone to brainstorm with, to share the ideas, the work, the responsibility, the win and of course the risk of this investment.
Setting up a company (anonymously, so our name will not be linked to it) will cost 15 000 Euro (around 33 BTC or 350 000 Nxt) INCLUDING all costs for setting up the company in the Seychelles, all the consultants fees, and all other connected costs for the first year. From the second year on, the maintenance costs will be around 6000 Euro + an annual turnover tax of 1.5%. Setting up the same company not anonymously would cost 10 000 Euro.

We will be able to help to convert crypto to FIAT, and also to pay the dividends (in a legal way in FIAT) to the investors through our company if the startup doesn´t want to bother with this. Something similar to what Havelock Investment is doing, except, that we will not look for projects and attract investors, as this will be done using Nxt´s Asset Exchange. We step in once the funding was successful and the desired amount of investment was raised by the community.

I´ve already spent around 500 Euros on consulting with the above mentioned guys, so I am very serious about this, but will not start the project alone, just to make this clear.
I will be in Moscow this Friday till Monday and will be in New York in the end of March if someone would like to discuss this in person.

Anonymous Seychelles company for 15k €? Why anonymous? And why 15k €? You can open it online for about $1k.
The government annual fee for a CSL is just $200, the rest of that 6000 € is your consultant's profit

Just create a ltd in some country without vat on cryptocurrencies (like Hong Kong, or even Germany I think) and that's it.

Still, I don't see the reason for an existing company to not just use an existing bitcoin exchange to get money out of ipo, unless it's actually illegal in its country (China?).

Do you have experience how things like this work? I saw that you can register online for less, but if you have no idea how it's working and never did it before you will most probably mess it up and it will take a lot of time to register your company, if you manage it at all. I have no experience with things like this, that's why I need professional help.
Why being anonymous? Because we can't know how the regulations will change. I personally won't like to have ny name publicly linked to an offshore company, because this could rajse the awareness of the tax office in Europe. Which is evesything but not nice.

How will the company manage the money coming from the exchange? Will they write a contract with all the investors? How can you explain if 500 000 usd pops up from Asia (for example) on your company's bank account?
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February 20, 2014, 06:41:42 AM
 #35715

I want to make one more point here as an official NXT treasurer.  Those NXT fund spreadsheets in my sig currently document THREE QUARTERS OF A MILLION DOLLARS of assets.  This is with the NXT price apparently still being held down by a whale doing a slow selloff of his funds, with NXT still on the launchpad instead of blasting off for da moon.  In a matter of weeks or a few months we could literally be in control of MILLIONS OF DOLLARS WORTH OF NXT.   This is a HUGE HUGE HUGE responsibility.  Disbursing these assets is not like peeling off a five out of your wallet at McDonalds.  There has got to be a CHAIN OF COMMAND.  The treasurer has got to receive clear, unambiguous, and documented authorization to disburse from a SPECIFIC DESIGNATED SPENDING AUTHORITY that everybody acknowledges.  

It's not as big a deal as making sure you've got Presidential authorization to turn that key in a nuke sub....but I'm treating it that way.  Would you rather have a treasurer who didn't?


+100

+100

This is very very very important, we need to keep a firm hold on the spending of these funds.

Ricky is right this is one (BUT IMPORTANT) process that most be centralized...preferably in very strong hands.


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February 20, 2014, 06:43:44 AM
 #35716

Whoops,

we just got pushed back to second place by Teslacoin

https://www.mintpal.com/voting

Unregistered users = 3 votes per hour!

>>>>>>>>>>>>>>> PLEASE VOTE! <<<<<<<<<<<<<<<

Registered users = 6 votes per hour!


Please quote me, share on Twitter, Facebook, Reddit... thanks!


BUY VOTES FOR NXT!

1 VOTE = 0,00005 BTC
1 BTC = 20,000 VOTES FOR NXT

Website: https://www.mintpal.com/voting
How to? Send any BTC to 1KB2AWLpKByBifkyQLJERhZi4jVDGWMA4n

Each 0.00005000 BTC received will count for 1 vote. All payment votes will be publicly visible, as you can see by clicking here.

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February 20, 2014, 06:52:31 AM
 #35717

Quote from: Zahlen
The world's first pizza sold for crypto$ through an AE!

(Worldwide delivery within 60 mins, piping hot or a 2nd pizza free Grin)

I got pizza for you.. worldwide delivery, i dunno

This will be the future of pizza delivery.

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February 20, 2014, 06:59:08 AM
 #35718

Whoops,

we just got pushed back to second place by Teslacoin

https://www.mintpal.com/voting

Unregistered users = 3 votes per hour!

>>>>>>>>>>>>>>> PLEASE VOTE! <<<<<<<<<<<<<<<

Registered users = 6 votes per hour!


Please quote me, share on Twitter, Facebook, Reddit... thanks!


BUY VOTES FOR NXT!

1 VOTE = 0,00005 BTC
1 BTC = 20,000 VOTES FOR NXT

Website: https://www.mintpal.com/voting
How to? Send any BTC to 1KB2AWLpKByBifkyQLJERhZi4jVDGWMA4n

Each 0.00005000 BTC received will count for 1 vote. All payment votes will be publicly visible, as you can see by clicking here.



DO NOT PAY ANY MONEY TO HAVE NXT LISTED ON AN EXCHANGE!

THIS IS A MOVEMENT ABOUT FREEDOM FROM UNETHICAL PRACTICES!

NXT CAN STAND ON ITS OWN!

 
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martismartis
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February 20, 2014, 07:06:08 AM
 #35719

Just to inform, 0.7.6 runs smoothly on Android TV stick public node.

For a while Smiley

Picuntu? Please share hardware and software information, I am VERY interested... I bricked a stick for this...

Ubuntu 13.10 in Android, TV stick with RK3066 chip

Would you be willing to do a how-to write up on the wiki?

http://wiki.nxtcrypto.org/wiki/How-To



Reposting from my previous post:

OK, here we go. Small tutorial on running NRS in Android TV stick.

Tested on Android TV stick, running 4.2.2, RK3006 Rockchip, internal sdcard.

1. Stick has to be rooted.

2. install Complete Linux Installer from app store https://play.google.com/store/apps/details?id=com.zpwebsites.linuxonandroid

3. Go through all steps as it on http://www.youtube.com/watch?v=b17Bfza1X3A. I used small 13.10 image, because I installed it in internal sdcard. Extracted it takes 2GB. Important: use ext2.zip files if your android is less than 4.3 and you download them manually from http://sourceforge.net/projects/linuxonandroid/files/Ubuntu/13.10/

4. If you did everything as instructed, you should see Ubuntu running on your device. Install java. Important: install oracle java

5. Now copy Your next folder to your desktop folder in ubuntu

6. goto to nxt folder, open terminal window in this folder, type java -jar start.jar and here we go!!!

7. Now you can use chrome browser in android (no need is to have one in ubuntu) and check everything is working.

Didn't try on other android devices, but I think it should work on any android device.

Ask if you will stuck at some moment (i stuck 10 times in 3 days Smiley), I'll try to help. 20 years ago I was a coder, but now I'm not so tech guy, but I'll try the best.

Next stage by myself is to run NRS on my smartphone and later on refrigerator Smiley So grab your tablets, smartphones, sticks and, instead of talking about voting, global warming and where to spend 10M NXT, run NRS on them Smiley


Finally, if You like my work, there is account for donations: 4552966463117743023  Smiley It took for me 3 days and 6 bottles of wine Smiley

Martis


Somebody should try to go through this and post results. I'm not native english speaker, so it would be difficult for my to write how-to. But, if nobody will do this, I can try Smiley
bitcoinpaul
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February 20, 2014, 07:08:21 AM
 #35720

DO NOT PAY ANY MONEY TO HAVE NXT LISTED ON AN EXCHANGE!

THIS IS A MOVEMENT ABOUT FREEDOM FROM UNETHICAL PRACTICES!

NXT CAN STAND ON ITS OWN!

Sometimes, we have to push things a little bit. But this "pay to be on exchange" smells a little fishy, yes.
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