Topic: [ANN] [NFDv2] - NFD Coin - Thread locked - page 130. (Read 209472 times)

i like clones, because nxt is so expensive, i don't want to access disk.

Stop buying in in clones and you won´t be scamed.
To greedy to buy the real one? Then you get what you diserve. Sorry for the hard words, but it´s the truth.

Will be a "giveaway" section as in the "original" NFD? 

It is a great work. Thx dev

Nxt 1.0.2 did have a bug and has been updated now to: https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.0.3.zip

Thanks for the advice. I was planning to set up a new spreadsheet something like the original, but I can make a list like that one too.

Good Morning, everyone! (if it is morning where you are)

I'm back and all-but ready to send out the PMs to the people in the lists. Before I do so, let me summarize the more immediate issues on the front burner:

1. Tracking Down Investors, Including Escrow Investors. The four BTC addresses received 0.62646106, 13.85845078, 16.50287001 and 5.60090001 for a total of 36.58868195 BTC. The Nxt address received 66,895 NXT: according to the NXT blockchain explorer, that's 4.676 BTC equivalent. So, you-know-who's total haul was 41.26468195 BTC, converted.

You can check these figures themselves by using these blockchain-explorer links:

- Giveaway fee: https://blockchain.info/address/19SCQ8fWR4sChAPwbfNACsv1s6CNspF6Yh
- <0.1 BTC: https://blockchain.info/address/1PZcNM5RxmkL6sKk2oHz8KwRPgGn6cwJGv
- >0.1BTC, <1 BTC: https://blockchain.info/address/18baaPUeZKKBXp72XEWQqAhXmBiNz9AmZh
- >1 BTC: https://blockchain.info/address/1NM1vQFmtcttRqYqkFVHuUhunWRVgLqedB
- All Nxt: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8855983961838503052

Now, here's where things get complicated. Anon136's escrow address is here: https://blockchain.info/address/1Dkh4oqMmXLavHV3Xms7bCDXnkaTMDnDB4?offset=0&filter=0

Total transactions into the escrow account amount to 20.0624545 BTC, but there's still an outstanding balance of 14.0928 BTC in the account. Those unrefunded payments may or may not be recorded in the spreadsheet. In fact, one of my first chores is to compare the number of transactions in (for all accounts) to the number of recipients listed on the spreadsheet.

- For the giveaway, there are 1,348 people on the list but only 405 transactions in. That discrepancy is okay, because most of the giveaway applicants qualified for a free ration.
- For <0.1 BTC, there are 231 people on the list and 204 transactions in. So, 27 people qualify at this level without having BTC payments recorded to the corresponding BTC address. Some of these will appear in the escrow sends.
- For >0.1BTC, <1 BTC: there are 56 people on the spreadsheet but 57 BTC transactions in, plus 8 NXT transactions at that level. So, nine people were missed. I'll go though the escrow list carefully to see what I can reconstruct so as to find anyone missing.
- For >1 BTC,there are 9 people on the spreadsheet but only 6 BTC transactions in plus one NXT transaction. Anon136's escrow account shows seven BTC payments at this level, and they are recorded in the spreadsheet. They plus the one Nxt send leaves one person unaccounted for atm.

So, our villain wasn't as careful a record-keeper as I thought.

At this stage, I'm more worried about missing anyone who lost money than I am in filtering out any extra-freebie cases. Granted, letting the latter in does grate, but I'm far more worried about the former being 'compensated' by making sure they get what they're entitled to.

The ones that are missing from the spreadsheet, all I have to go on are account numbers. I can put up another announcement thread with those account numbers asking for people to identify themselves. I can also ask Anon136 to refund the rest of the senders to his escrow address. The latter is what they agreed to, but it means they'll be cut out of the new NFD.   

As I noted above Anon136 has already sent out some refunds - including two from the >1 BTC category. This implies that there are people on the spreadsheet who have pulled out of the deal already. They'll have to be dropped from the list.

At a first glance, it seems that NFDCoin did add the escrowed investors. I'll have a more definitive answer when I've squared the list with the BTC and NXT accounts. My adjustments means the allocations per each will have to be adjusted also. There's also a risk that I'll allocate coins to someone who's already received a refund. That will not happen for the biggies, as each is unique enough for me to strike them off the list.

2. The Name

I see the name for NFDv2 is still being discussed. Admittedly, I got stuck on keeping the name NFD but I also have to admit that PhoeNxt is catchy! If people here come to a consensus, I'll go with that. There's already been a third suggestion, and there may be more, so I might put up another poll and add the link to the PMs I send to the BTTers on the spreadsheet. Thankfully, we can let the name issue simmer for now. Once the community is more-or-less happy with the name, I can see to getting the appropriate domains if I need to.

3. Getting The Coin Up And Running

Thankfully, there are already a few volunteers. MaWo's been good enough to volunteer for heading up the technical end. If interested, please PM him.

My own thoughts: first of all, we should fork the most recent and advanced Nxt code: that would be nxt-client-1.0.2.
It's here: https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.0.2.zip . That will ensure that our coin will be as advanced and as bug-free as possible. There's a risk that 1.0.2 may be buggy, but it does have a win-compile.sh script for compiling on Windows.

While MaWo is working away, I plan to look through the source code and ask around the Nxt community to see what help I can get in trying to understand how the program works. I'll do so in my "spare time" so as to help out MaWo and his team in any way I can.

----------

Right now, tracking down the investors is my job 1. The first part, making sure all who sent (unrefunded) money get their share, I'll undertake by squaring the spreadsheet with the payment records. Once I've gotten the cleanest list I can assemble, which will include those who PMed me, I'll have to adjust the share numbers. I'll also make the list public, and make a call-out topic thread for anyone I can't track down to identify themselves.

Topic For Discussion: The Bounty Allocation

So far, there seems to be a consensus that 10% should be deducted off each share for a bounty fund. Since the numbers themselves need some reconciliation, the topic of the bounty fund might as well be open until I've squared away as best I can. My own suggestion is that part of the bounty fund be used as a reserve for people who sent money but were missed. That way, they will get what they deserve too.

As for the rest of the bounty fund, it looks like people here want MaWo to be in control of it. I'm okay with that.

So, it's off to work for me! I'll check into this thread for questions, etc. while I'm doing the reconciliation/track-down work.   

Hi MaWo & NxtBlg,
Please convert the invested spreadsheet to something like this,
http://nascoin.org/list.txt.

After this ,with a new logo, we can have a internal test.

Good to have you on-board mate...

Welcome richwang! That is very generous of you. I think the 10% idea was generally agreed so that there could be bounties and funds for future development as well. Maybe there should be a discussion about compensation and future plans at the appropriate time.

Very good idea
I will try my best to support this project
Dont give me another scam

Thanks MaWo, I have compiled a NXT wallet, changing the Genies block for our spreadsheet.
About the bounty for the team, I think all the investors are victims,
and we don't want to hurt them again.
So I suggest, the Amount NFD on the spreadsheet is not change,
the team will only take over the empty shares in the free giveaway of the spreadsheet,
which about 100+shares.   After we release the wallet, donations are welcome.

Actually No, i invest too but i don't expect 10000% in return, Running a Node and getting some NHZ is also investment but don't expect to get rich by just that. He wants 1600000 NHZ by just giving 0.1BTC, IMO that is greed.

I want to congratulate OP for taking the lead here and showing once again that scams or no scams the crypto-community will always find ways to right whatever was made wrong.

As soon as you call people greedy for investing in something and expecting a return on that investment, your argument loses all credence.

Ok so you want Millions of coin with just 0.1Btc? you guys get scammed bcoz of greed and now again you are being greedy. Safest bet is run a node and earn some NHZ or you can run Multiple Nodes and earn more NHZ.

Well, this looks like a good community effort to recover from a bad situation.

The fact that the original IPO organiser ran off with the funds shouldn't significantly affect whether the coin succeeds or not. Nxt's greatest criticism from the general crypto community is the perceived distribution issues. NAS suffered much worse initial distribution, and despite enthusiastic publicity efforts from a few core team members hasn't taken off. NHZ is mostly centralised distribution-wise and so isn't interesting to 99% of people (maybe this changes in a few months). If NFDv2 launches with a reasonably fair distribution and a supportive community that puts in the hard work then it stands a good chance.

My opinion on the "bounty fund" is that it should be maximum 5%. I don't say this because I'm selfish and don't want to give up any of my funds. But instead that the coin will be much better accepted if it sticks to its "fair distribution" mantra. Apart from Nxt which is a special case, how many coins with 10% premine are considered "fair" and have survived because of / despite it? Yes it's good to see some people step up and offer to help launch the coin, but the reward shouldn't be at the expense of NFD's greatest potential asset, its fair distribution. I would rather see the core dev team getting 100% of the escrowed BTC, whatever that is; and the bounty fund going down to 5%, covering all bounty topics, and spent slowly.

You really idiots, guys.
You have been scamed once, and you beg for a repeat of that again.
This army of newbies here the same people that was encourage you to give money to the thieves in the first branch. They simply changed their names.

Get your to participate in coin which name is associated with 1200+ losers&scam - it is genious!!!!

By the funds which they stole from you, they will pump that 'new NFDv2' and earn on your stupidity more.

yeeh....

nice idea

+1

if i can help count me in

I dont get it. How it is better for people who just lost their money to "invest" in another coin. Earning NHZ by running node??? Like 666 for day?
These people invested to get 1,600,000 in free giveaway and others 0.1 btc for 10,000,000 ...How is better for them to earn 666 a day? If they can get what they paid for in few weeks?