Topic: Beyond Nxt - page 2. (Read 1702 times)
Intriguing thoughts. Just to warn you, though, Nxt is more difficult to clone properly than Bitcoin, Litecoin et. al. There's a fair bit more than tweaking a few parameters. The actual procedures are kind of a dark and secret art right now. You won't find a developer easily.
great Thoughts! 
Soured on Nxt:
I liked Nxt, it's interface, and its Asset Exchange; however, they mentioned "encrypted messages."
I assumed that meant messages were private. I find that they are not encrypted, but totally public. Grievous. Not even email is public. Makes me want to puke on Nxt.
Now, they have that 50M blowout with Bter.
Bter offered $50,000 for 50M coins, which is a deal value of $.001 per coin.
At 5% of the total Nxt that would be a market cap value of $1 million.
If one looked at Nxt earnings, and gave it a generous multiple, it's market cap would be $2-5 million.
The generosity of Nxt coin users dried up fast. I got the cold shoulder from that community many times, once and for all, after posting a suggestion to their 50M problem, and was banned, perhaps for pointing out that their market cap deal value is just $1 million.
Anyways, I'm not a developer. I know marketing. I'd like a new Nxt-like coin with distribution that builds usership.
Beyond Nxt:
It would go something like this:
1000 BTC raised would split 200M coins of 1 billion.
Building usership is done two ways:
Batch Rewards
6 batches of 50M coins would be released to existing users with 50+ coins, through some broadcast function, every time usership triples, after 2000 initial users. This rewards spreading the word.
2000 community x 3 x 3 x 3 x 3 x 3 x 3 = 1.458 million users.
(The Broadcast function would also make asset giveaways easy.)
Generous Faucet
A generous faucet let's people easily get started and stay with the coin. Let it leak 2000 coins per person.
It's so stupid that Nxt has one faucet with 2 coins coming out. It's a trickle. It's an insult. You can't do anything with that.
50 M faucet start 25,000 new accounts.
100 M faucet start 50,000 new accounts. That's more than what Nxt has now.
500 M faucet starts 250,000-5 million new accounts.
Notice that they would not be released without a new user, so they can't be dumped.
Coin is released organically with user interest. Even if a user dumped their coins, their effect is limited. 2000/1 billion or 2 millionths.
You can see how these two generosity methods would really boost usership, and that makes liquidity and the coin.
The Nxt group can't market. Their website is awful. It's embarrassing to refer people to it. I know it turns people off. They never get started, if they are new to crypto.
Most people do not have a weirdo-self-image; no one likes a website full of clutter and confusion, when they want information. They are easily suspicious of installing new software from weirdos. Getting info is always a struggle with Nxt and their disorganized site. It looks like fake buzz, begging for buzz, getting no buzz.
It should be a 1,2, 3, website. Get client. Get coins. Get info.
You're now in business.
User-ship has to be the #1 goal of any coin, from a marketing point of view.
There should be a generous, and easy, way to get coins and get started, just like email. People should want to refer a friend, "hey, you can get 2000 coins!"
Perhaps instead of a long password, a unique picture could be the password, some 100x100 dot. That's 10,000 pixels. You just drop it in. This might take care of security problems.
So, there you have it. A vision.
200 M coins to 1000 BTC contributors with 20% of the coins.
50 M coins released to users with 50 coins or more per account 6 times, when usership triples, 300 M (rewards early birds)
300 M coins released by faucet to build usership for 150,000 accounts (2000 coins).
100 M coins released by faucet to build usership for 500,000 accounts (200 coins)
100 M coins released by faucet to build usership for 5 million accounts (20 coins)
One can easily go viral to 2-5 million users with a generous faucet. Nxt has nothing to go viral.
That's the writing on the wall.
Simultaneously, a real bank can put "1 billion USD on demand by Swiss Bank X" on the AE. Then, you have a real commerce site using regular dollars and (an easy to get) transaction stamp coin to cheaply send money.
Here is initial value of the coin in concept.
$500,000/ 1 billion coins would be $.0005 (200,000 coins per BTC)
$500,000/ 200 million coins is $.025 (200,000 x .025 = $5000)
If usership is a stand-in for transaction earnings, and thus market of value, at 1 cent per coin, 200,000 is $2000, which is nice versus $500/BTC.
At 5 cents per coin, that's $10,000. So, that's 20 times angel BTC capital.
You won't be a millionaire, but no one on Nxt is really a millionaire, except in their own minds. With such low liquidity and usership, it's just imaginary.
By building a strong user-base, building from the bottom up, then there is interest and real liquidity. With a strong user-base, you don't need exchanges either. You might know a friend who can set you up with coins, and make private deals between friends. That's a real viral coin. It's among friends not authorities/exchanges.
I don't think a coin would be worth more than 5 cents, since the point of the coin is to send things cheaply. See the coin as a stamp. It should be easy to acquire coins to get started. It is not easy to get Nxt, if you are new to the bitcoin world. Even those who are long-time bitcoiners with accounts, exchanges are frustrating and take hours and days.
It is a giant pain in the ass to get Nxt.
2000 coins is a great way to start a faucet and have a real coin giveaway that builds a community outwards.
The Asset Exchange is where the real value is. It's not the stamp, but the envelop and what's in it, that counts. The stamp should be easy to get.
Like I said, I'm not a developer, but wish I was. How much of Nxt can be easily lifted I don't know, nor do I know who is qualified or trustworthy. I'd hire the Nxt developers, for advice, but they seem unwilling to do that. Maybe they will jump ship soon.
Nxt is toast as an investment; it is spent in growing its user base. There is no push, even with new features, it tanked.
It's not viral. There is no 45 degree angle on new accounts. A real P/E on Nxt means a market cap 1/10th it is now. Stalled users/PE stall/cap collapse/death spiral.
With Nxt supposedly open source, I don't know why a better coin doesn't come out. The potential is there.
If Bitcoin derivatives are "shitcoins," this Nxt derivative could be called a "pisscoin" in honor of the faucet.
Let me know of your interest. If there is interest, I'll give you 1000 Kisscoin for each BTC, and the new coins when released. This would become a project of the Tax Free Society.
I started Kisscoin on Nxt: Kisscoin.US and the Tax Free City Project. Reach me there.
I liked Nxt, it's interface, and its Asset Exchange; however, they mentioned "encrypted messages."
I assumed that meant messages were private. I find that they are not encrypted, but totally public. Grievous. Not even email is public. Makes me want to puke on Nxt.
Now, they have that 50M blowout with Bter.
Bter offered $50,000 for 50M coins, which is a deal value of $.001 per coin.
At 5% of the total Nxt that would be a market cap value of $1 million.
If one looked at Nxt earnings, and gave it a generous multiple, it's market cap would be $2-5 million.
The generosity of Nxt coin users dried up fast. I got the cold shoulder from that community many times, once and for all, after posting a suggestion to their 50M problem, and was banned, perhaps for pointing out that their market cap deal value is just $1 million.
Anyways, I'm not a developer. I know marketing. I'd like a new Nxt-like coin with distribution that builds usership.
Beyond Nxt:
It would go something like this:
1000 BTC raised would split 200M coins of 1 billion.
Building usership is done two ways:
Batch Rewards
6 batches of 50M coins would be released to existing users with 50+ coins, through some broadcast function, every time usership triples, after 2000 initial users. This rewards spreading the word.
2000 community x 3 x 3 x 3 x 3 x 3 x 3 = 1.458 million users.
(The Broadcast function would also make asset giveaways easy.)
Generous Faucet
A generous faucet let's people easily get started and stay with the coin. Let it leak 2000 coins per person.
It's so stupid that Nxt has one faucet with 2 coins coming out. It's a trickle. It's an insult. You can't do anything with that.
50 M faucet start 25,000 new accounts.
100 M faucet start 50,000 new accounts. That's more than what Nxt has now.
500 M faucet starts 250,000-5 million new accounts.
Notice that they would not be released without a new user, so they can't be dumped.
Coin is released organically with user interest. Even if a user dumped their coins, their effect is limited. 2000/1 billion or 2 millionths.
You can see how these two generosity methods would really boost usership, and that makes liquidity and the coin.
The Nxt group can't market. Their website is awful. It's embarrassing to refer people to it. I know it turns people off. They never get started, if they are new to crypto.
Most people do not have a weirdo-self-image; no one likes a website full of clutter and confusion, when they want information. They are easily suspicious of installing new software from weirdos. Getting info is always a struggle with Nxt and their disorganized site. It looks like fake buzz, begging for buzz, getting no buzz.
It should be a 1,2, 3, website. Get client. Get coins. Get info.
You're now in business.
User-ship has to be the #1 goal of any coin, from a marketing point of view.
There should be a generous, and easy, way to get coins and get started, just like email. People should want to refer a friend, "hey, you can get 2000 coins!"
Perhaps instead of a long password, a unique picture could be the password, some 100x100 dot. That's 10,000 pixels. You just drop it in. This might take care of security problems.
So, there you have it. A vision.
200 M coins to 1000 BTC contributors with 20% of the coins.
50 M coins released to users with 50 coins or more per account 6 times, when usership triples, 300 M (rewards early birds)
300 M coins released by faucet to build usership for 150,000 accounts (2000 coins).
100 M coins released by faucet to build usership for 500,000 accounts (200 coins)
100 M coins released by faucet to build usership for 5 million accounts (20 coins)
One can easily go viral to 2-5 million users with a generous faucet. Nxt has nothing to go viral.
That's the writing on the wall.
Simultaneously, a real bank can put "1 billion USD on demand by Swiss Bank X" on the AE. Then, you have a real commerce site using regular dollars and (an easy to get) transaction stamp coin to cheaply send money.
Here is initial value of the coin in concept.
$500,000/ 1 billion coins would be $.0005 (200,000 coins per BTC)
$500,000/ 200 million coins is $.025 (200,000 x .025 = $5000)
If usership is a stand-in for transaction earnings, and thus market of value, at 1 cent per coin, 200,000 is $2000, which is nice versus $500/BTC.
At 5 cents per coin, that's $10,000. So, that's 20 times angel BTC capital.
You won't be a millionaire, but no one on Nxt is really a millionaire, except in their own minds. With such low liquidity and usership, it's just imaginary.
By building a strong user-base, building from the bottom up, then there is interest and real liquidity. With a strong user-base, you don't need exchanges either. You might know a friend who can set you up with coins, and make private deals between friends. That's a real viral coin. It's among friends not authorities/exchanges.
I don't think a coin would be worth more than 5 cents, since the point of the coin is to send things cheaply. See the coin as a stamp. It should be easy to acquire coins to get started. It is not easy to get Nxt, if you are new to the bitcoin world. Even those who are long-time bitcoiners with accounts, exchanges are frustrating and take hours and days.
It is a giant pain in the ass to get Nxt.
2000 coins is a great way to start a faucet and have a real coin giveaway that builds a community outwards.
The Asset Exchange is where the real value is. It's not the stamp, but the envelop and what's in it, that counts. The stamp should be easy to get.
Like I said, I'm not a developer, but wish I was. How much of Nxt can be easily lifted I don't know, nor do I know who is qualified or trustworthy. I'd hire the Nxt developers, for advice, but they seem unwilling to do that. Maybe they will jump ship soon.
Nxt is toast as an investment; it is spent in growing its user base. There is no push, even with new features, it tanked.
It's not viral. There is no 45 degree angle on new accounts. A real P/E on Nxt means a market cap 1/10th it is now. Stalled users/PE stall/cap collapse/death spiral.
With Nxt supposedly open source, I don't know why a better coin doesn't come out. The potential is there.
If Bitcoin derivatives are "shitcoins," this Nxt derivative could be called a "pisscoin" in honor of the faucet.
Let me know of your interest. If there is interest, I'll give you 1000 Kisscoin for each BTC, and the new coins when released. This would become a project of the Tax Free Society.
I started Kisscoin on Nxt: Kisscoin.US and the Tax Free City Project. Reach me there.
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