NXTL: Next Coin Lite - Officiall Topic - Fair Distribution

[tradepusher]

56f7859bc33c47a6c1ad3441e0485dc8f99c42be2dd57d186f548fe459b86828

Sent 0.05 BTC

[1713541052]

1713541052

[1713541052]

1713541052

[1713541052]

1713541052

[oldisoft]

Hello,
I just wondering if I can pay for IPO by NXT?

Cheers!

[Arastuntas]

Hello,

I have sent 0.05 btc.

Tx id; 9b4f0cb668d51772b0bb31c110b19a609105e384cdbd7bce707e4887aa830798

NXL adress: 1200378128651460316

[SkillRoad]

Hello,
I just wondering if I can pay for IPO by NXT?

Cheers!

No, only in the BTC

[wegsturm]

My fist IPO ever. Hope, I won't get slapped in the face 

Tx-ID: 0529df90a4d41e1ec2c254a33b5a3531f3d283728ee8d5b2ffc2c287bd5bd26d

0.05btc

[SkillRoad]

Hello!

I have sent 0.05B
proof--->  http://blockchain.info/tx-index/eb2db6dc15301d9de4348d6840d0c066abffba97257b9c5546eff2b3fd718490

I want to be a NXTL active member, please add me.
Thank you!

You have already been added to the list of your number 1115
https://docs.google.com/spreadsheet/ccc?key=0AnYj5G7gBeXIdGtHam1UOXlDaDR6VFFZMGp3bVRnSHc&usp=sharing&richtext=true#gid=0

[dzarmush]

If IPO would end today there would be 1822 stakes with value of ~549 000 NXTL each.

With 3500 stakes value of each will be ~286 000 NXTL. And you still say that potentially more stakes can be added...

If IPO will keep this pace of 48 new members per day it will end with 1680 more members. It makes sum of 2773 members and stakes and if it's 60% of all than it ends with 4621 stakes with value of 216 000 NXTL. Do you see this BIG difference?

How did you calculate it?

As far as I understand there will be 3500 stakes for 60% coins, so it's already 171429 coins per stake.

[dzarmush]

@Ebrelus

Thank your for your post! I would love to read more replies from you!

Criticism and skepticism are demanded here, cause thanks to them we can improve and move forward!

Here are my comments and arguments, i hope they can clarify things out!

1) Fund distribution plan - from a member's point of view it may look that the distribution is not fair and the "dev fund" is way to high, but to my regret it is an exprimmation error! It is not a fund for the Developers - but for Development! Its frustrating cause we didn't see the dualist form of the abbreviation. At this point i would like to add that the Development Fund is not for the developers as their stake, but for the development of the coin! As you already know node.js is at our core, and the modular aspect of its structure gives us endless opportunities, which we intend to materialize.
Also i would like to add that the Developers will get a regular stake!

2) I am terrible sorry that we created a confusion with the Ipo end date! We updated the info on the first page, and further down the road we will add a countdown watch for the Ipo that will end on 25th of May!

3) The alpha is on its way and we decided that we will launch it the next day after the ipo will be over! It doesn't have a necessary strategic value, but we thought that it will a positive note to see the work exactly after the preliminary stage was done.
As a matter of finance i don't want to give you a number without backing it up, so i will make a financial report and get back to you later! Thank you for pointing this out as we never discussed this matter before, and it will improve transparency.

You are right about the fee, we do plan to increase it with time! As it is necessary in order to increase member quality in detriment of the quantity. We are preparing a plan and infographics which will guide everyone.

4) Having a bunch of people on board has its ups and downs, but we concentrate on the ups, cause now we are a community, sure not all of the members are devoted to it and are seeking financial satisfaction! But there are those that desire to be a part of something big and promising! We are making the first steps in creating something new, and not just a coin, we are creating a way to combine real currency with crypto to create a hybrid financial structure. PPS system with backup in cryptocurrency.

5) I agree with your opinion regarding NXT and their big fish distribution, i can't blame them cause they are pioneers in this field and are doing a big job, but at the same time limiting others to what they have. Our coin comes with improvements and bigger aspirations not to mention real ways for implementing future innovative ideas thanks to our modularity. We changed the participation experience giving everyone the right and the possibility to become a member. Of course if you look at nxtl like an investment it will be categorized as a long term.

We do realize the consequences of having an egalitarian coin! And of course we will ask the community as we need opinions from those experienced in this domain. At the moment i can provide a simple and straightforward explanation:
- We are creating a promising project, worth keeping an eye on!

I hope a covered some issues! And please don't hesitate to bring up more ideas that are worth discussing and point out the weak spots to make them the strongest!

Both Skillroad and you kinda anwer questions but don't answer to important part, just a lot of water.

What we all really want you to do is:
1. Forbid payments from exchagnes.
2. Set limits for new participants. Activity should be t least over 6-8. It's more than enough time for newbies to spend some time on forum, gain activity and get into Nxtl.
3. Raise the price.
4. Limit max number of stakes by at least 3000.

Until now you avoided answering really important questions. All you said is: "we expect, we hope, we sorry, we this, we that...". Let's discuss important things.

-

P.S. I guess what's really happaning is you think that you won't be able to find 2500 more people (not accounts but real people). And I think so to. Most people who wanted to enter this IPO already did it. The only chance for you to take 3500 members on board is let some members to create hundrebds of puppets. I don't think it'll hurt coin if some members have 10-100 stakes. It might be even for good. It's also great for you beacuse you'll gather much more btc. The only problem is that is bad for other members which only have 1 stake each.

[Flattering Flatulants]

Do you accept escrow for the ipo?

[dzarmush]

Do you accept escrow for the ipo?

Escrow for 25 bucks? 

[dengjinfang]

0.05btc to 1LAwykYVMSvy8AcQK7Rjy7Fe5Ly6CC8fdG
txid:92d4ebd498d25bf56f8f6b4707cd19d5ae25e68f2e550a464e6b6f0c9ee37d3d
https://blockchain.info/tx/92d4ebd498d25bf56f8f6b4707cd19d5ae25e68f2e550a464e6b6f0c9ee37d3d
add me to the list,thanks.

[hypersire]

@Ebrelus

Thank your for your post! I would love to read more replies from you!

Criticism and skepticism are demanded here, cause thanks to them we can improve and move forward!

Here are my comments and arguments, i hope they can clarify things out!

1) Fund distribution plan - from a member's point of view it may look that the distribution is not fair and the "dev fund" is way to high, but to my regret it is an exprimmation error! It is not a fund for the Developers - but for Development! Its frustrating cause we didn't see the dualist form of the abbreviation. At this point i would like to add that the Development Fund is not for the developers as their stake, but for the development of the coin! As you already know node.js is at our core, and the modular aspect of its structure gives us endless opportunities, which we intend to materialize.
Also i would like to add that the Developers will get a regular stake!

2) I am terrible sorry that we created a confusion with the Ipo end date! We updated the info on the first page, and further down the road we will add a countdown watch for the Ipo that will end on 25th of May!

3) The alpha is on its way and we decided that we will launch it the next day after the ipo will be over! It doesn't have a necessary strategic value, but we thought that it will a positive note to see the work exactly after the preliminary stage was done.
As a matter of finance i don't want to give you a number without backing it up, so i will make a financial report and get back to you later! Thank you for pointing this out as we never discussed this matter before, and it will improve transparency.

You are right about the fee, we do plan to increase it with time! As it is necessary in order to increase member quality in detriment of the quantity. We are preparing a plan and infographics which will guide everyone.

4) Having a bunch of people on board has its ups and downs, but we concentrate on the ups, cause now we are a community, sure not all of the members are devoted to it and are seeking financial satisfaction! But there are those that desire to be a part of something big and promising! We are making the first steps in creating something new, and not just a coin, we are creating a way to combine real currency with crypto to create a hybrid financial structure. PPS system with backup in cryptocurrency.

5) I agree with your opinion regarding NXT and their big fish distribution, i can't blame them cause they are pioneers in this field and are doing a big job, but at the same time limiting others to what they have. Our coin comes with improvements and bigger aspirations not to mention real ways for implementing future innovative ideas thanks to our modularity. We changed the participation experience giving everyone the right and the possibility to become a member. Of course if you look at nxtl like an investment it will be categorized as a long term.

We do realize the consequences of having an egalitarian coin! And of course we will ask the community as we need opinions from those experienced in this domain. At the moment i can provide a simple and straightforward explanation:
- We are creating a promising project, worth keeping an eye on!

I hope a covered some issues! And please don't hesitate to bring up more ideas that are worth discussing and point out the weak spots to make them the strongest!

Both Skillroad and you kinda anwer questions but don't answer to important part, just a lot of water.

What we all really want you to do is:
1. Forbid payments from exchagnes.
2. Set limits for new participants. Activity should be t least over 6-8. It's more than enough time for newbies to spend some time on forum, gain activity and get into Nxtl.
3. Raise the price.
4. Limit max number of stakes by at least 3000.

I  totally agree with #2 and #4, but not #3 ($25 is enough to dissuade numerous sock puppets) and #1 as I don't see what that would accomplish (someone who wanted a sock puppet could easily create another local wallet, so blocking payments from exchanges would be nothing more than an inconvenience)

[dzarmush]

Both Skillroad and you kinda anwer questions but don't answer to important part, just a lot of water.

What we all really want you to do is:
1. Forbid payments from exchagnes.
2. Set limits for new participants. Activity should be t least over 6-8. It's more than enough time for newbies to spend some time on forum, gain activity and get into Nxtl.
3. Raise the price.
4. Limit max number of stakes by at least 3000.

I  totally agree with #2 and #4, but not #3 ($25 is enough to dissuade numerous sock puppets) and #1 as I don't see what that would accomplish (someone who wanted a sock puppet could easily create another local wallet, so blocking payments from exchanges would be nothing more than an inconvenience)

#1 It's not a solution itself, but it could be an additional evidence if a wallet has only one incoming and one outcoming transactions.

#3 Stake price 100% guaranteed will cost more than $25 after launch. Even if Nxtl price one day will be 1/10 of Nxt price it's still around $400.

Anyway I'm not insisting on making all these changes. I'm just not understanding why devs refuse to discuss it. They're talking about some mysterious formula to reveal puppets but we all know that after they accepted payment there is no way to proof that someone is a puppet. You can only suspect it, but there is no difference between not very talkative new user which sent payment from an exchange and a puppet.

[Gaman]

When is the target date for distribution?

[ALBORCA]

sent 0.05 BTC
from :1Gwf99q5QjxaQmqe5JHcXetzWeKJ4APUxa
transaction ID:  b05b5b3fe1c394a4700cfd5c629844d9a196003cf73a6a1cbc718e6bba4e3a6b
NXTL 4308738197635069097

[mladen00]

Both Skillroad and you kinda anwer questions but don't answer to important part, just a lot of water.

What we all really want you to do is:
1. Forbid payments from exchagnes.
2. Set limits for new participants. Activity should be t least over 6-8. It's more than enough time for newbies to spend some time on forum, gain activity and get into Nxtl.
3. Raise the price.
4. Limit max number of stakes by at least 3000.

I  totally agree with #2 and #4, but not #3 ($25 is enough to dissuade numerous sock puppets) and #1 as I don't see what that would accomplish (someone who wanted a sock puppet could easily create another local wallet, so blocking payments from exchanges would be nothing more than an inconvenience)

#1 It's not a solution itself, but it could be an additional evidence if a wallet has only one incoming and one outcoming transactions.

#3 Stake price 100% guaranteed will cost more than $25 after launch. Even if Nxtl price one day will be 1/10 of Nxt price it's still around $400.

Anyway I'm not insisting on making all these changes. I'm just not understanding why devs refuse to discuss it. They're talking about some mysterious formula to reveal puppets but we all know that after they accepted payment there is no way to proof that someone is a puppet. You can only suspect it, but there is no difference between not very talkative new user which sent payment from an exchange and a puppet.

#1 - sockpuppets are doing this:

- open new BTC address
- they put 0,05 or xxx am. to that BTC address from exchange
   and then open new bct account and buy a share

There is no 100% control

[jaredw]

0.05 btc,
from 1KgavU29rNUgrhvtRpwff713wwrjEYRadS
txid 362c6033a594edc66c59605e13d0b3016d056f31ffe18ea47774b06c8d568126

[dzarmush]

Both Skillroad and you kinda anwer questions but don't answer to important part, just a lot of water.

What we all really want you to do is:
1. Forbid payments from exchagnes.
2. Set limits for new participants. Activity should be t least over 6-8. It's more than enough time for newbies to spend some time on forum, gain activity and get into Nxtl.
3. Raise the price.
4. Limit max number of stakes by at least 3000.

I  totally agree with #2 and #4, but not #3 ($25 is enough to dissuade numerous sock puppets) and #1 as I don't see what that would accomplish (someone who wanted a sock puppet could easily create another local wallet, so blocking payments from exchanges would be nothing more than an inconvenience)

#1 It's not a solution itself, but it could be an additional evidence if a wallet has only one incoming and one outcoming transactions.

#3 Stake price 100% guaranteed will cost more than $25 after launch. Even if Nxtl price one day will be 1/10 of Nxt price it's still around $400.

Anyway I'm not insisting on making all these changes. I'm just not understanding why devs refuse to discuss it. They're talking about some mysterious formula to reveal puppets but we all know that after they accepted payment there is no way to proof that someone is a puppet. You can only suspect it, but there is no difference between not very talkative new user which sent payment from an exchange and a puppet.

#1 - sockpuppets are doing this:

- open new BTC address
- they put 0,05 or xxx am. to that BTC address from exchange
   and then open new bct account and buy a share

There is no 100% control

I understand. That's what I wrote myself. But it could be another evidence. If there's a new account with 0 posts but he paid from an address with several transactions - he isn't a puppet. If there's new account with 0 posts and he paid from address with just one incoming 0.05 btc transaction and one 0.05 btc outcoming then it's a reason to look at him closer.

Of course there's no way to say about someone with 100% certainty that it's a puppet, but it doesn't matter we shouldn't do anything at all, open all doors for them and say welcome. Measures I listed would probably cut off 50-70% of puppets. But it means less money for devs of course. That's why this topic is avoided here. I'm not saying they should work fo free. I'd suggest to increase dev's share in Nxtl to compensate it.

Anyway we need a clarification here. Either devs say that they don't forbid multiple stakes and we all just buy as much stakes as we want until all 3500 stakes are sold or they actually do something to prevent buying multiple stakes.

[Gaman]

I think this is not another nem. And devs are being less strict. The easiest way I believe to deter sock puppets is to increase the cost of participation

[Gaman]

The increase cost of participation not only deters sock puppets, it also increases the value of our.stakes.  Also, it raises the funds needed for future marketing, development, etc