Closed Thread

[dzarmush]

Member fund is 60% or 600,000,000. This is clear here https://docs.google.com/spreadsheet/ccc?key=0AnYj5G7gBeXIdGtHam1UOXlDaDR6VFFZMGp3bVRnSHc&usp=drive_web#gid=4

So when the puppets are removed, the 600 million will be divided up among the members.

Promo fund is 150,000,000

Dev fund is 150,000,000

Good idea fund 50,000,000

Test fund 30,000,000

Target fund ? 20,000,000

(thats a lot of funds btw)

agree,I do not support the auction. the 600 million will be divided up among the members.

I'm not against auction but I'm totally against taking any coins from 60% investors money for marketing or whatever. We've been here since I don't know when and went through some rough times. We desrerve to get what we were promised. 40% is damn huge part. In Qora investors got 100% coins, in Crypty 85%. In Node we were suppose to get only 60% and now devs are saying that we won't receive even that amount. Not good, people. Let's stick to the initial distribution plan.

You want more money? Ok, it's understandable. Just take 30% of puppets' stakes and auction them. Divide the rest 70% among stakeholders.

[boestin]

We want to add coins to members through puppets
We do not know exactly how many coins will be of puppets
Part of the coins will go on promotion, the other part for users

Wait a minute. You stated several times that 60% coins is going to investors. One way or another. Just divided and distributed or through another auction.

Now you're saying that part of the coins will go on promotion. Don't you have enough coins among those 40% for promotion?

We plan to immediately give some steak (from puppets) before launch that support us and supported us all this time and will help us move in the right direction
What concerns Promotion Fund. will create a new page after the launch where everyone can take part in the promotion of

isnt the distribution starting today?

see no possibility to distribute coins until it's not clear who is a puppet and who is not

yes but i saw somewhere that 15th of july is the distribution start and 27th to the 29th is the lunch star!!?

maybe  in few days begin the distribuition ... launch before august .

maybe 20th  

About the distribution of the coins, I keep a promise, who wants to can get your stake now!
Who is willing to wait to receive plus additional coins from puppets

Can I have some extra coins?  I was there from the start and payed you something extra, remember?  Look it up in the first NXTL pages. 

[SillkRoad]

I'm not against auction but I'm totally against taking any coins from 60% investors money for marketing or whatever. We've been here since I don't know when and went through some rough times. We desrerve to get what we were promised. 40% is damn huge part. In Qora investors got 100% coins, in Crypty 85%. In Node we were suppose to get only 60% and now devs are saying that we won't receive even that amount. Not good, people. Let's stick to the initial distribution plan.

You want more money? Ok, it's understandable. Just take 30% of puppets' stakes and auction them. Divide the rest 70% among stakeholders.

I meant to give some stake (from puppets) to those participants who have helped us in the community as a sign of gratitude before the launch
If the community is against it, I declined the offer

[dzarmush]

I'm not against auction but I'm totally against taking any coins from 60% investors money for marketing or whatever. We've been here since I don't know when and went through some rough times. We desrerve to get what we were promised. 40% is damn huge part. In Qora investors got 100% coins, in Crypty 85%. In Node we were suppose to get only 60% and now devs are saying that we won't receive even that amount. Not good, people. Let's stick to the initial distribution plan.

You want more money? Ok, it's understandable. Just take 30% of puppets' stakes and auction them. Divide the rest 70% among stakeholders.

I meant to give some stake (from puppets) to those participants who have helped us in the community as a sign of gratitude before the launch
If the community is against it, I declined the offer

I was refering your post where you said that some of puppet stakes will go to promotion.

[SillkRoad]

I'm not against auction but I'm totally against taking any coins from 60% investors money for marketing or whatever. We've been here since I don't know when and went through some rough times. We desrerve to get what we were promised. 40% is damn huge part. In Qora investors got 100% coins, in Crypty 85%. In Node we were suppose to get only 60% and now devs are saying that we won't receive even that amount. Not good, people. Let's stick to the initial distribution plan.

You want more money? Ok, it's understandable. Just take 30% of puppets' stakes and auction them. Divide the rest 70% among stakeholders.

I meant to give some stake (from puppets) to those participants who have helped us in the community as a sign of gratitude before the launch
If the community is against it, I declined the offer

I was refering your post where you said that some of puppet stakes will go to promotion.

I answered your question before https://bitcointalk.org/index.php?topic=590421.msg7870050#msg7870050
I mean those who have promoted and supported the project before the launch, those people who have made their contribution to our coin Node

[dzarmush]

I'm not against auction but I'm totally against taking any coins from 60% investors money for marketing or whatever. We've been here since I don't know when and went through some rough times. We desrerve to get what we were promised. 40% is damn huge part. In Qora investors got 100% coins, in Crypty 85%. In Node we were suppose to get only 60% and now devs are saying that we won't receive even that amount. Not good, people. Let's stick to the initial distribution plan.

You want more money? Ok, it's understandable. Just take 30% of puppets' stakes and auction them. Divide the rest 70% among stakeholders.

I meant to give some stake (from puppets) to those participants who have helped us in the community as a sign of gratitude before the launch
If the community is against it, I declined the offer

I was refering your post where you said that some of puppet stakes will go to promotion.

I answered your question before https://bitcointalk.org/index.php?topic=590421.msg7870050#msg7870050
I mean those who have promoted and supported the project before the launch, those people who have made their contribution to our coin Node

Ah, ok. I read it but didn't understand. Now I got it. Thanks for clarification.

[Hueristic]

I like Steak and Potatoes.

[koop4u]

I like Steak and Potatoes.

Holy Mother of God!!!

Dude .... stop food trolling this thread :DD:D:D


but i have to admit! You have good tastes

Bon Appetite

[Hueristic]

Holy Mother of God!!!

Dude .... stop food trolling this thread :DD:D:D


but i have to admit! You have good tastes

Bon Appetite

Hey, SillkRoad started it!!! 

...
We plan to immediately give some steak (from puppets) before launch that support us and supported us all this time and will help us move in the right direction
What concerns Promotion Fund. will create a new page after the launch where everyone can take part in the promotion of ...

[koop4u]

Holy Mother of God!!!

Dude .... stop food trolling this thread :DD:D:D


but i have to admit! You have good tastes

Bon Appetite

Hey, SillkRoad started it!!! 

...
We plan to immediately give some steak (from puppets) before launch that support us and supported us all this time and will help us move in the right direction
What concerns Promotion Fund. will create a new page after the launch where everyone can take part in the promotion of ...

LOL

[haggis]

Just want to say thanks to the committee for rejecting our puppet tagging!

To the question what should haben with the "freed" stakes: the goal should be to get the same situation as no puppets would have existed. I don't know exactly what the plans were. But if there was a fix % to divide through the total number of stakeholders, the puppet stakes should get divided. So nobody has a disadvantage.

If the size of a stake was fixed before the IPO, this should not change and the free stakes should go where they were planned to beforehand.

Where's the point to discuss here? The situation seems to be totaly clear  

[twistelaar]

NXT LITE TO DA MOON  I like this angry face 

[dzarmush]

Just want to say thanks to the committee for rejecting our puppet tagging!

To the question what should haben with the "freed" stakes: the goal should be to get the same situation as no puppets would have existed. I don't know exactly what the plans were. But if there was a fix % to divide through the total number of stakeholders, the puppet stakes should get divided. So nobody has a disadvantage.

If the size of a stake was fixed before the IPO, this should not change and the free stakes should go where they were planned to beforehand.

Where's the point to discuss here? The situation seems to be totaly clear  

It sure would be the easliest way that won't raise any complaints whatsoever. All investors will be happy if it goes that way.

[Black_Adder]

Pardon my ignorance but i'm a bit confused got few questions

1- is there's an explanation for dummies?

2- after launch can we mine the coin or is it 100% POS for stakeholders

3- importance score do we keep that after launch or we have to start all over?

4 - the coin we have right now do we keep it or it just has no value?

Thanks in advance

[DynhoSts]

Pardon my ignorance but i'm a bit confused got few questions

1- is there's an explanation for dummies?

2- after launch can we mine the coin or is it 100% POS for stakeholders

3- importance score do we keep that after launch or we have to start all over?

4 - the coin we have right now do we keep it or it just has no value?

Thanks in advance

lol read the first page ? ...

NXT Lite Brief History:
Once upon a time… kidding! After gaining some experience with bitcoin, and bitcoin-a-like crypto currencies we discovered NXT, in its profound and very intriguing way  of promoting difference in a new language, made from scratch… “but”  the system has issues. We decided to create a new coin, that will change the way we looked a altcoins so far! At first we tuke the challenge to create a clone of NXT with upgrades, we changed the way coins are divided, thus making it more democratic, we decided that every member of our community will get an equal amount of coins. We added new features like password protected transactions, smaller sending amounts (0.0001), etc. In january NXT Lite was born, our first post on this forum was the beginning. After a month of continuous work our team encounter problems with the source code and the framework implemented on NXT’s example, the flaws were to extraordinary that we decided to switch our programming language and instead of java we decided to move on with node.js! In april we launched for the first time the Test Account - NXT Lite account generator, and currently are promoting it to all the active members. This is not the end history yet to begin!

Technical information
Algorithm: Curve25519
Type: POS
Max Coins: 1,000,000,000
Block time: 60 seconds

POS Schedule:
Charity Wallet Donation: 0.1% of transaction*
Confirmations for forged blocks: 20
Confirmations for transactions: 3

https://bitcointalk.org/index.php?topic=498662.0

[Black_Adder]

Pardon my ignorance but i'm a bit confused got few questions

1- is there's an explanation for dummies?

2- after launch can we mine the coin or is it 100% POS for stakeholders

3- importance score do we keep that after launch or we have to start all over?

4 - the coin we have right now do we keep it or it just has no value?

Thanks in advance

lol read the first page ? ...

NXT Lite Brief History:
Once upon a time… kidding! After gaining some experience with bitcoin, and bitcoin-a-like crypto currencies we discovered NXT, in its profound and very intriguing way  of promoting difference in a new language, made from scratch… “but”  the system has issues. We decided to create a new coin, that will change the way we looked a altcoins so far! At first we tuke the challenge to create a clone of NXT with upgrades, we changed the way coins are divided, thus making it more democratic, we decided that every member of our community will get an equal amount of coins. We added new features like password protected transactions, smaller sending amounts (0.0001), etc. In january NXT Lite was born, our first post on this forum was the beginning. After a month of continuous work our team encounter problems with the source code and the framework implemented on NXT’s example, the flaws were to extraordinary that we decided to switch our programming language and instead of java we decided to move on with node.js! In april we launched for the first time the Test Account - NXT Lite account generator, and currently are promoting it to all the active members. This is not the end history yet to begin!

Technical information
Algorithm: Curve25519
Type: POS
Max Coins: 1,000,000,000
Block time: 60 seconds

POS Schedule:
Charity Wallet Donation: 0.1% of transaction*
Confirmations for forged blocks: 20
Confirmations for transactions: 3

https://bitcointalk.org/index.php?topic=498662.0

way too confusing for me i still don't get it and i didn't get anything from your answer i red those before , may be it's something i cannot get

[dzarmush]

Pardon my ignorance but i'm a bit confused got few questions

1- is there's an explanation for dummies?

2- after launch can we mine the coin or is it 100% POS for stakeholders

3- importance score do we keep that after launch or we have to start all over?

4 - the coin we have right now do we keep it or it just has no value?

Thanks in advance

2 - 100% POS | No mining

3 - what is importance score?

4 - it's just test coins, although if you manage to full someone you can sell them 

[DynhoSts]

  i feel good vibes now ... the launch is very very soon  



bye bye haters 

https://www.youtube.com/watch?v=y9INzYl35V0

[bluewhackadoo]

Big thanks to the Node puppet master magistrates for giving me and my bestest girl the A-OK.  Looking forward to a successful launch.

[xtester]

Pardon my ignorance but i'm a bit confused got few questions

1- is there's an explanation for dummies?

2- after launch can we mine the coin or is it 100% POS for stakeholders

3- importance score do we keep that after launch or we have to start all over?

4 - the coin we have right now do we keep it or it just has no value?

Thanks in advance

2 - 100% POS | No mining

3 - what is importance score?

4 - it's just test coins, although if you manage to full someone you can sell them 

I think the guy is confusing Node with NEM, hence Proof of Importance.