Closed Thread

[GheorgheCuza]

I know you Devs are on another timezone, but please respond to the comments ASAP.
If you think trolls are bad, don't wait and get flooded by disgruntled members. This IPO can turn ugly really fast.

By the way, what is our name? Is it NXTL or are we going with Node?

Thank you

[Grumand]

Ive sended my new Acc number yesterday, still havent recieved a confirmation    .  For Members (not investors) it doenst make a sense to register on a new forum, anybody could say he is one of the listed people, so the only place where it makes sense is here on BTT, with a privat message from the btt acc.  

Or did i misunderstand something?

You're already on the list 256

I know you Devs are on another timezone, but please respond to the comments ASAP.
If you think trolls are bad, don't wait and get flooded by disgruntled members. This IPO can turn ugly really fast.

By the way, what is our name? Is it NXTL or are we going with Node?

Thank you

Node

[DynhoSts]

please read the PM with my new account ....

[ShawnLeary]

I think this has been the longest and most fair IPO in coin history.  These guys have been working for no pay for months, let's give them the benefit of the doubt and auction a few stakes like NEM is doing.  

[ShawnLeary]

I noticed someone has already listed NodeCoin as a tradable asset on NXT Asset Exchange.

[marek3ball]

NodeCoin was invented for Nxt as a support for forgers months ago.

[ShawnLeary]

NodeCoin was invented for Nxt as a support for forgers months ago.

thanks, I will check it out.  is anyone worried about confusion?

[randombit]

I will bring up some financial arguments. At the moment we have a total of ~5 btc frozen in the wallet. We already used all the previous received btc, to finance current needs (like: software, hardware, human power, rent, food, etc.). To finish the first part of the whole project we still need 3.5 btc. to fit in the budget  and fully launch our coin. That is roughly 100 stakes with the current fee. And for the second part of the project (USD, Euro integration) we need a minimum of 20-25 btc, or roughly 500-600 stakes at current rate. This might seam a lot, but it is not! It is just something to begin with! And to add a point here, this is something that has never been done before...so costs can't be measured, as we will have to pioneer.

Hello man,  are you serious??  you extended the IPO for food??  this is ridiculous, if you need more money take a bigger part as Devs from the current part and name it as DEv part for inovations and future perspektives. You loose a lot of supporting members with that kind of aktion. NXTL or Node seems a never ending story. Bring it to a end man, this looks like a kindergarden now.

[dzarmush]

Ok, at least now we can see some sort of dialogue. Here are some thoughts:

1. I really don't think it's possible to reach even 2000. Maximum you can do is 1500 and 50% of them will be puppets.
2. I do understand that you need money to cover different expenses.

Let's start from bad news )
Everybody who wanted to have a stake already bought in. Auction won't help to raise any money at this point. Why would someone pay 0.1-0.5 Btc for a stake on such auction if everybody already bought stakes for 0.02-0.05. As for NXTL/USD,EURO. Let's face it. You'll never gather 25 BTC if you continue going this way. You're making people very unhappy, everybody just loses hope. People were waiting for May 25, they were excited. Now they feel cheated.

How I'd try to solve it.
1. Announce that IPO is overa and 500M coins will be distributed between 1200 accounts.
2. Launch fully operated Beta and announce the launch on, say, July 1st.
3. Auction 50 stakes. Some people would buy stakes at least at 0.2-0.4 if they're sure the coin will be launched soon. I myself will be several stakes. In this case you'll gather 10-20 Btc.
4. Launch the coin without NXTL/USD,EURO gateway. Don't try to do everything. It's a wrong way.
5. After the launch price will be at least 0.5-1 btc for 1M. Sell 30M and finish development.

[Touque]

You need to study the IPOs of qoracoin and other coins. Keeping 40% coins for devs and IPO the rest and launch. You should have no problem to sell some coins to raise 25 btc for food after the launch. You will be surprised how much btc you can raise as long as you don't dump too many and have a working software. You can continue the developing after launch and the price will go up as you make progress.

[tolstoy]

Ok, at least now we can see some sort of dialogue. Here are some thoughts:

1. I really don't think it's possible to reach even 2000. Maximum you can do is 1500 and 50% of them will be puppets.
2. I do understand that you need money to cover different expenses.

Let's start from bad news )
Everybody who wanted to have a stake already bought in. Auction won't help to raise any money at this point. Why would someone pay 0.1-0.5 Btc for a stake on such auction if everybody already bought stakes for 0.02-0.05. As for NXTL/USD,EURO. Let's face it. You'll never gather 25 BTC if you continue going this way. You're making people very unhappy, everybody just loses hope. People were waiting for May 25, they were excited. Now they feel cheated.

How I'd try to solve it.
1. Announce that IPO is overa and 500M coins will be distributed between 1200 accounts.
2. Launch fully operated Beta and announce the launch on, say, July 1st.
3. Auction 50 stakes. Some people would buy stakes at least at 0.2-0.4 if they're sure the coin will be launched soon. I myself will be several stakes. In this case you'll gather 10-20 Btc.
4. Launch the coin without NXTL/USD,EURO gateway. Don't try to do everything. It's a wrong way.
5. After the launch price will be at least 0.5-1 btc for 1M. Sell 30M and finish development.

dzarmush, you are the man with the plan. These are very good suggestions.

[Mrrr]

More bonus points for Dzarmush, a positive and constructive solution for both parties.

You can't really continue raising funds like no deadline was ever mentioned. Not sure people will buy it. Not sure if I buy it. If you look at it from our perspective: we can't know whether you'll actually produce a beta in the first place.

[CoinManiac]

Ok, at least now we can see some sort of dialogue. Here are some thoughts:

1. I really don't think it's possible to reach even 2000. Maximum you can do is 1500 and 50% of them will be puppets.
2. I do understand that you need money to cover different expenses.

Let's start from bad news )
Everybody who wanted to have a stake already bought in. Auction won't help to raise any money at this point. Why would someone pay 0.1-0.5 Btc for a stake on such auction if everybody already bought stakes for 0.02-0.05. As for NXTL/USD,EURO. Let's face it. You'll never gather 25 BTC if you continue going this way. You're making people very unhappy, everybody just loses hope. People were waiting for May 25, they were excited. Now they feel cheated.

How I'd try to solve it.
1. Announce that IPO is overa and 500M coins will be distributed between 1200 accounts.
2. Launch fully operated Beta and announce the launch on, say, July 1st.
3. Auction 50 stakes. Some people would buy stakes at least at 0.2-0.4 if they're sure the coin will be launched soon. I myself will be several stakes. In this case you'll gather 10-20 Btc.
4. Launch the coin without NXTL/USD,EURO gateway. Don't try to do everything. It's a wrong way.
5. After the launch price will be at least 0.5-1 btc for 1M. Sell 30M and finish development.

Can agree more..A better solution to NXTL funding problem

[mladen00]

Ok, at least now we can see some sort of dialogue. Here are some thoughts:

1. I really don't think it's possible to reach even 2000. Maximum you can do is 1500 and 50% of them will be puppets.
2. I do understand that you need money to cover different expenses.

Let's start from bad news )
Everybody who wanted to have a stake already bought in. Auction won't help to raise any money at this point. Why would someone pay 0.1-0.5 Btc for a stake on such auction if everybody already bought stakes for 0.02-0.05. As for NXTL/USD,EURO. Let's face it. You'll never gather 25 BTC if you continue going this way. You're making people very unhappy, everybody just loses hope. People were waiting for May 25, they were excited. Now they feel cheated.

How I'd try to solve it.
1. Announce that IPO is overa and 500M coins will be distributed between 1200 accounts.
2. Launch fully operated Beta and announce the launch on, say, July 1st.
3. Auction 50 stakes. Some people would buy stakes at least at 0.2-0.4 if they're sure the coin will be launched soon. I myself will be several stakes. In this case you'll gather 10-20 Btc.
4. Launch the coin without NXTL/USD,EURO gateway. Don't try to do everything. It's a wrong way.
5. After the launch price will be at least 0.5-1 btc for 1M. Sell 30M and finish development.

+1

your's plan is great.
Devs, you don't need to implement USD & EUR exchange on relase date for this good coin.
You can do it later.

Announce the launch date, and 48hrs before do the auction for 50-100 stakes

If you continue moving the IPO end date...... some investors will go away

[ownerbest]

I'm ok if the dev team want to keep some NXTL as funds.
And I think this is the right way to cover all the costs, waiting for more investors is not wisdom.

[koop4u]

@ everyone!

Thank you for your thoughts!

I personally hate the fact, that there is a devision going on! It is like the Members vs The Devs!... guys we are a force together! Team work is the only way to deal with this!


ok, some information was misinterpreted! In order to launch the coin, we still need a total of 3.5 btc. We can cover the 25btc from the stakes in the future, as dzarmush and others proposed! We are fine with that, as long as we have your support!

We didn't intend to launch the coin with (usd, euro integration). This part takes its time to be fulfilled.

But how to deal with the current expenses, it is a dead lock! Withought 100 stakes we can't finish the coin project!

A few ideas popped up:

1) Have an auction, to reach this cap. and finish the project!
2) Continue the ipo, till we reach this goal!
3) Borrow from someone!

I would like to hear your opinion about this!



P.S. @ randombit, "food" really dude?! From all that post you've concluded that food is our priority?! ...so disappointing

[koop4u]

Ok, at least now we can see some sort of dialogue. Here are some thoughts:

1. I really don't think it's possible to reach even 2000. Maximum you can do is 1500 and 50% of them will be puppets.
2. I do understand that you need money to cover different expenses.

Let's start from bad news )
Everybody who wanted to have a stake already bought in. Auction won't help to raise any money at this point. Why would someone pay 0.1-0.5 Btc for a stake on such auction if everybody already bought stakes for 0.02-0.05. As for NXTL/USD,EURO. Let's face it. You'll never gather 25 BTC if you continue going this way. You're making people very unhappy, everybody just loses hope. People were waiting for May 25, they were excited. Now they feel cheated.

How I'd try to solve it.
1. Announce that IPO is overa and 500M coins will be distributed between 1200 accounts.
2. Launch fully operated Beta and announce the launch on, say, July 1st.
3. Auction 50 stakes. Some people would buy stakes at least at 0.2-0.4 if they're sure the coin will be launched soon. I myself will be several stakes. In this case you'll gather 10-20 Btc.
4. Launch the coin without NXTL/USD,EURO gateway. Don't try to do everything. It's a wrong way.
5. After the launch price will be at least 0.5-1 btc for 1M. Sell 30M and finish development.

+1

your's plan is great.
Devs, you don't need to implement USD & EUR exchange on relase date for this good coin.
You can do it later.

Announce the launch date, and 48hrs before do the auction for 50-100 stakes

If you continue moving the IPO end date...... some investors will go away

We never sad, that Euro in USD will implemented on the release. It was a misinterpretation!

[ownerbest]

@ everyone!

Thank you for your thoughts!

I personally hate the fact, that there is a devision going on! It is like the Members vs The Devs!... guys we are a force together! Team work is the only way to deal with this!


ok, some information was misinterpreted! In order to launch the coin, we still need a total of 3.5 btc. We can cover the 25btc from the stakes in the future, as dzarmush and others proposed! We are fine with that, as long as we have your support!

We didn't intend to launch the coin with (usd, euro integration). This part takes its time to be fulfilled.

But how to deal with the current expenses, it is a dead lock! Withought 100 stakes we can't finish the coin project!

A few ideas popped up:

1) Have an auction, to reach this cap. and finish the project!
2) Continue the ipo, till we reach this goal!
3) Borrow from someone!

I would like to hear your opinion about this!



P.S. @ randombit, "food" really dude?! From all that post you've concluded that food is our priority?! ...so disappointing

I think most of us are fine with the extra 100 investors, it would not reduce everyone's stake obviously.
Maybe the launch time is the most concern. If we can finish the 3.5 btc IPO in a very short time, I think people will accept it.

[dzarmush]

A few ideas popped up:

1) Have an auction, to reach this cap. and finish the project!
2) Continue the ipo, till we reach this goal!
3) Borrow from someone!

I'd say #1. Let's put 100 stakes at extra IPO stage for a week and raise 3.5 btc. Man, I'm ready to buy all those freaking stakes right now just to finish this... umm... misunderstanding, and move on. I hope the community will support it and help to raise extra 4-5 BTC.

But we want to know particular plans, not just thoughts.

Like:
1. IPO is closed. Ta-da! 500M goes to investors.
2. Auction is opened. Ta-da! Send your bitcoins to this address and we will distribute 100 stakes between auction investors.
3. Launch date is XX:XX:2014

[zuqka]

pm'd Silkroad, no response:

btt user: zuqka
#783
New Account: 1228838829818813837