Decisions on 9 million common fund

[utopianfuture]

NXT has an account of 9 milllion NXT currently controlled by BCNext. They are the unclaimed NXT and belong to the community. This poll is to gauge community's opinion of what we should do to this fund at the moment.

Post you opinions below. There is already an opinion thread in nxtcrypto forum which you should consult.

[utopianfuture]

Some opinions so far :

Freeze the fund: https://bitcointalk.org/index.php?topic=345619.msg4545836#msg4545836

Committee https://bitcointalk.org/index.php?topic=345619.msg4545976#msg4545976

Committee https://bitcointalk.org/index.php?topic=345619.msg4466919#msg4466919

 

[Coinonaer]

Founding Comittee or something like The Foundation: https://bitcointalk.org/index.php?topic=345619.msg4466919#msg4466919
There are always opportunities to do something with this what will help to bring Nxt to the next level!  

[S3MKi]

I think we should make reward prorgamm for 1)site 2)social media and then send to The Foundation

[utopianfuture]

Now when I think about all the fighting that common fund will ensure, the sending all to genesis account option looks good to me 

[Uniqueorn]

Spend it all on those who actually work actively to make NXT something other than a obscure oddity.

There are a ton of people working for next to nothing to make NXT the next big thing and yet noone is willing to pay. I've only found one stakeholder who was willing to hand out NXT for projects.
BCNext should've anticipated the need for PR a long, long time ago. NXT could've already have been the biggest altcoin next to Bitcoin if this had happened, so now that the price is plummeting daily I think it's time more people realize the need for PR and ecosystem surrounding the tech.

[apenzl]

There will be pr and marketing.

No need for a pump right now, let it mature. Clients first - then happy users - more people - price rises.

There will be fighting. Flaming. Especially when the founding committee spends all Nxt on bus commercials... 

[toknormal]

Spend it all on those who actually work actively to make NXT something other than a obscure oddity

+ 9999999999

Absolutely. Technology projects go nowhere without a full time dedicated team. At least spend some of it right now on consolidating the development effort.

[oliviern]

I don't understand why this amount is not used to speed up nxt projects, which make nxt better known and more used.
For example, I plan to add features in my mobile app to make people buy and sell physical goods, by convincing local shops to use nxt. It would be really valuable to offer those shops a starting wallet ! it would speed up the nxt propagation in real life. I do think nxt has to become more than one more speculative money, but this has a starting cost I can not afford alone.

A committee is a good idea, to follow the efficiency of all those projects, and if one is made, I would be pleased to be allowed to join it.

Don't burn such an opportunity to show that nxt is really valuable ! But I may have misunderstood why such an amount has to be frozen or sent back to genesis...

Olivier

[NxtChg]

Committee will be a disaster.

There should be some sort of a giveaway or more bounties distribution and then those who get large stakes will decide for themselves how to spend it best.

Isn't it the whole idea of POS? If they want to plaster buses with ad's, it's their money now.

The only person the community now trusts to spread money more or less fairly is BCNext. So he should do it.

On a side note, Ripple's idea to use global computing project as a giveaway is a very good one.
Not for this, but still something to consider.

[utopianfuture]

Committee will be a disaster.

There should be some sort of a giveaway or more bounties distribution and then those who get large stakes will decide for themselves how to spend it best.

Isn't it the whole idea of POS? If they want to plaster buses with ad's, it's their money now.

The only person the community now trusts to spread money more or less fairly is BCNext. So he should do it.

On a side note, Ripple's idea to use global computing project as a giveaway is a very good one.
Not for this, but still something to consider.

You can vote to frezee or send the fund back to genesis account, but let not involve BXNext in this type of decision. I am sure BCNext won't do it and that is not how decentralization works

[NxtChg]

You can vote to frezee or send the fund back to genesis account, but let not involve BXNext in this type of decision. I am sure BCNext won't do it and that is not how decentralization works

Hey, making skewed polls is also not the way to go.

So please add my "BCNext should spread it in large chunks to various stakeholders" option to the poll.

[utopianfuture]

You can vote to frezee or send the fund back to genesis account, but let not involve BXNext in this type of decision. I am sure BCNext won't do it and that is not how decentralization works

Hey, making skewed polls is also not the way to go.

So please add my "BCNext should spread it in large chunks to various stakeholders" option to the poll.

BCNext won't do it so I will not add that option. If you can persuade him to do so then I will add the option " BCNext decides everything". If he make all the decisions then he will do what he want not things you want him to do.

[NxtChg]

BCNext won't do it so I will not add that option.

Did he specifically tell you this or is it just your opinion?

My idea is precisely to delegate decisions by spreading large chunks.

With committee there will be too much fighting and too much grief as a result, to say nothing of its efficiency.

Who will decide who will be on the committee? I, for example, don't think that spending 7 out of 9 mil on marketing is a good idea.

And other people will have other opinions.

Not to mention that practically every notable person in Nxt community has a pet project of their own, so will inevitably be biased.

[utopianfuture]

BCNext won't do it so I will not add that option.

Did he specifically tell you this or is it just your opinion?

My idea is precisely to delegate decisions by spreading large chunks.

With committee there will be too much fighting and too much grief as a result, to say nothing of its efficiency.

Who will decide who will be on the committee? I, for example, don't think that spending 7 out of 9 mil on marketing is a good idea.

And other people will have other ideas. Not to mention that practically every notable person in Nxt community has a pet project of theirs, so will inevitable be biased.

CFB told everyone.

[oliviern]

and what if the nxt community IS the committee ?...

nxt api could be used/hacked to make a poll system, with messaging included. Any user could create a poll for a project with reward. If there is enough votes (% of the community ?), the project is launched. Moreover, it could be possible to add api calls to register apps, returning a unique app/project token-id, which allows to count numbers of registered users and votes for each app/projects afterwards, and gives the winner of the award.

Don't know exactly how this could be done now, but couldn't this be added to the API2 ?

[utopianfuture]

and what if the nxt community IS the committee ?...

nxt api could be used/hacked to make a poll system, with messaging included. Any user could create a poll for a project with reward. If there is enough votes (% of the community ?), the project is launched. Moreover, it could be possible to add api calls to register apps, returning a unique app/project token-id, which allows to count numbers of registered users and votes for each app/projects afterwards, and gives the winner of the award.

Don't know exactly how this could be done now, but couldn't this be added to the API2 ?

The voting system could be designed to do such thing. And that's the idea behind the choice of freezing the fund until we have the infrastructure to do so in place

But if the community insists on spending now, there is no other way except forming a committee.

[newsilike]

Give some to everyone who has contributed to the community?

Basically everyone who is kind of active in the NXT main Thread and those who contribute otherwise.

Just my 2 NXTs 

[NxtChg]

...there is no other way except forming a committee.

Let's not make such definitive claims please.

[utopianfuture]

...there is no other way except forming a committee.

Let's not make such definitive claims please.

So what is your suggestion if the community wants to spend right now ? I want to know so i can add it to the poll.