NXT :: descendant of Bitcoin - Updated Information - page 1140.

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: Come-from-Beyond on February 03, 2014, 09:45:10 AM

Quote from: ChuckOne on February 03, 2014, 08:08:44 AM

Quote from: Come-from-Beyond on February 03, 2014, 01:33:27 AM

Quote from: Coinonaer on February 02, 2014, 04:19:19 PM

...great idea. Also use some founds for CFB to finish Lakshmi [LAK]

Lakshmi is very easy to create. All work could be done for 100 NXT.

I don't do it coz I'm waiting for my partner, when she sorts out all legal issues.

I would be eager to help if you need it.

I could do it alone, I'm just waiting for my partner. Thank u anyway.

What is Lakshmi's main purpose? I thought you were going to create your Qubic ?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: ChuckOne on February 03, 2014, 08:08:44 AM

Quote from: Come-from-Beyond on February 03, 2014, 01:33:27 AM

Quote from: Coinonaer on February 02, 2014, 04:19:19 PM

...great idea. Also use some founds for CFB to finish Lakshmi [LAK]

Lakshmi is very easy to create. All work could be done for 100 NXT.

I don't do it coz I'm waiting for my partner, when she sorts out all legal issues.

I would be eager to help if you need it.

I could do it alone, I'm just waiting for my partner. Thank u anyway.

salsacz

hero member

Activity: 490

Merit: 504

3 million = 0.3% of all NXT. If it brings success, then 99% of NXT will benefit of this 0.3%. BUT - if NXT goes up, 1 million today would be like 10-100 million in a year

landomata

legendary

Activity: 2184

Merit: 1000

Wasn;t there 3 million of the original 13 million nxt blocked for Nxt Development?

mikesbmw

sr. member

Activity: 338

Merit: 250

Quote from: Uniqueorn on February 03, 2014, 08:30:19 AM

Nextcoin is independent too. Just beause the founder also owns DGEX doesn't mean it's affiliated with DGEX.

In politics this is called: a possible conflict of interest.
That should be avoided (although I enjoy nextcoin.org more then this monster thread).

Voluntold

full member

Activity: 168

Merit: 100

Quote from: ?? on ??

just an idea, would it not be better to have ppl with fewer nxt receive more nxt from forging and richer ppl less.. theres always going to be alot more ppl with a small amount. there for if they get more from forging you will have alot more ppl forging and because the fees go more to the poorer ppl the distribution would over time be better!? im not complaining about richer ppl getting more fees.. i know thats the way things normally happen rich get richer ect.. just thinking of distribution and the number of ppl forging.. im just guessing that the more ppl forging the faster transactions get confirmed? correct me if im wrong?

Rich people DO NOT just get richer because of things like 'interest'. In the real world, the rich get richer because of monopolies made possible by governments. Distribution will not be a problem because as the price of nxt goes higher and higher, the incentive to sell large amounts becomes too great for most people. However, even IF stakeholders want to horde for a long period of time, that's really not a problem either when you think about it. I really do believe though, that as price continues to rise, Nxt will become more and more distributed.

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: NxtChg on February 03, 2014, 09:33:08 AM

Quote from: rickyjames on February 03, 2014, 08:21:37 AM

I propose as the only currently established NXT treasurer:

1.The 9M NTX to be split into four funds, with the additional one being a rainy day fund that doesn't get tapped for a period of one year
2. The rainy day fund constitute a minimum of one-quarter of unspent NXT
3. The committee spending the rainy day fund is to be formed in one year from genesis block formation to allow new blood that hasn't even discovered NXT yet a chance to participate
4. That rickyjames be established as treasurer of the rainy day fund

Instead of creating a "rainy day account" we should simply not burn money too quickly and hit the escape velocity where Nxt will appreciate faster than we are spending.

That's why I would much rather see you on a committee, trying to stretch the funds for more than a year, than as a treasurer with no right to vote.

Does this make sense?

Im sensing yet another poll to come: "How long should the NXT fund last?"
3m for marketing in 1 year is not a lot. That's all I got to say. The remaining mill for dev etc. I leave up to developers to weigh in on

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: salsacz on February 03, 2014, 09:24:30 AM

Just for the record, your math is wrong, so anyone who agrees on this lie should make his own calculations first

Can you do your own math and give us a link to it?

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: rickyjames on February 03, 2014, 08:21:37 AM

I propose as the only currently established NXT treasurer:

1.The 9M NTX to be split into four funds, with the additional one being a rainy day fund that doesn't get tapped for a period of one year
2. The rainy day fund constitute a minimum of one-quarter of unspent NXT
3. The committee spending the rainy day fund is to be formed in one year from genesis block formation to allow new blood that hasn't even discovered NXT yet a chance to participate
4. That rickyjames be established as treasurer of the rainy day fund

Instead of creating a "rainy day account" we should simply not burn money too quickly and hit the escape velocity where Nxt will appreciate faster than we are spending.

That's why I would much rather see you on a committee, trying to stretch the funds for more than a year, than as a treasurer with no right to vote.

Does this make sense?

S3MKi

legendary

Activity: 1540

Merit: 1016

I don't like use nxtcoin.org because some owner of some exchange delete unwanted messages.

salsacz

hero member

Activity: 490

Merit: 504

Quote from: landomata on February 03, 2014, 08:00:57 AM

Quote from: pinarello on February 03, 2014, 07:59:49 AM

Quote from: rickyjames on February 03, 2014, 07:43:06 AM

However, if James directs this, then I will disburse as authorized. Like he has for this 75K NXT for crazy-expensive $75 CPM audio spots over in another thread: https://bitcointalk.org/index.php?topic=412243.new#new
Can I please see some +1s ?

+1

its up to the marketing committee it's there responsibility now.

Just for the record, your math is wrong, so anyone who agrees on this lie should make his own calculations first

mumi22

full member

Activity: 182

Merit: 100

Someone who want to help me.I need to place a deposit on the pool please donate me some NXT

3810265874952116325

Thanks mate

klee

legendary

Activity: 1498

Merit: 1000

Holy crap I have to catch up with so many pages here and elsewhere (NXT related threads)..

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: abctc on February 03, 2014, 08:51:32 AM

Quote from: Uniqueorn on February 03, 2014, 08:30:19 AM

Nextcoin is independent too. Just beause the founder also owns DGEX doesn't mean it's affiliated with DGEX. It isn't
You are allowed to discuss anything there.

- false:

Quote from: GCInc. on January 07, 2014, 07:36:39 PM

Just for the record before I delete the unauthorized advertisement on nextcoin.org, such an obvious agenda for downplaying competition on their own yard - and trying to score the points home for that is, well, almost tragicomic;
...

I have now asked GCInc. to settle this issue once and for all. I have not seen any "competition" being censored over at NEXTCOIN, but if it's the case I want the official word from GCInc. so this can be settled and we can finally do what I have asked for weeks: Start organizing using categoric forums rather than a wordsalad thread. Thanks

landomata

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Activity: 2184

Merit: 1000

Quote from: rickyjames link=topic=345619.msg4911516#msg4911516

As time goes on you will experience failure, and that will give you wisdom and a sense of caution.

I finished serving my term some years ago.....and you are right failure and hardship are great teachers.

rickyjames

full member

Activity: 196

Merit: 100

Quote from: Uniqueorn on February 03, 2014, 08:47:01 AM

Why the fuck are you making the font size big?
Noone has said we're spending the NXT "up front"; but 1 year is a long time period. 3m NXT in one year on marketing is not a lot at all.
I have no idea why you have such low confidence in the NXT community. WE've got this far without almost any NXT funding.

In poker terms I am not going all in on one hand. As someone who has won big poker tournaments on Pokerstars I must say your analogy makes me chuckle

I have reduced my font size and ask that you reduce yours.

I have enormous faith in the NXT community.

My point is that we don't have source code or even a stable knowledge of just what NXT is yet, and we should leave ourselves a reserve to deal with that fact.

Congrats on winning at Pokerstars.

Peace. Out.

abctc

legendary

Activity: 1792

Merit: 1038

Quote from: Uniqueorn on February 03, 2014, 08:30:19 AM

Nextcoin is independent too. Just beause the founder also owns DGEX doesn't mean it's affiliated with DGEX. It isn't
You are allowed to discuss anything there.

- false:

Quote from: GCInc. on January 07, 2014, 07:36:39 PM

Just for the record before I delete the unauthorized advertisement on nextcoin.org, such an obvious agenda for downplaying competition on their own yard - and trying to score the points home for that is, well, almost tragicomic;
...

rickyjames

full member

Activity: 196

Merit: 100

Quote from: landomata on February 03, 2014, 08:27:43 AM

Ricky I respect you cuz you are my elder...but pls note I was a voting member of the Board at 24 years old and the operating budget of our organization was 250 million dollars....so I know how to operate in a strategic management structure.

I thank you for your respect, and I applaud your accomplishment and good fortune to participate in controlling a quarter billion dollars right after graduating from college.

As time goes on you will experience failure, and that will give you wisdom and a sense of caution.

pinarello

full member

Activity: 266

Merit: 100

NXT is the future

Quote from: wesleyh on February 03, 2014, 08:27:26 AM

Quote from: Uniqueorn on February 03, 2014, 08:20:49 AM

Quote from: Hegemon on February 03, 2014, 08:19:14 AM

First marketing thing to do should be to use a specific forum for NXT instead of creating multiple threads on this bitcoin forum.

This long thread isn't easy to follow, and now you re creating more around ? Huh

+1^100000

I have said this for weeks now. Let's start using the forum NEXTCOIN.ORG where we have 4500 active members. Why the hell are the main decisions still being made in this neverendingthread that is more disorganized than a crackhead?

Actually it should be nxtcrypto.org - if everyone moves there, members will come. Best to use a forum that is independent.

+1

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: rickyjames on February 03, 2014, 08:39:36 AM

Quote from: Uniqueorn on February 03, 2014, 08:24:45 AM

What is with this obsession with having control over NXT past 1 year? NXT is supposed to be decentralized. It is not healthy for NXT branding to have a official committee etc. at all. We HAVE to have it now that we're in beta phase, but it's not supposd to be a lasting thing. Hell even CfB leaves the ship soon. It's time NXT becomes self-sustainable.

Aren't you in charge of 2+ million NXT from private founders already? What are those being spent on?

NXT is less than 90 days old. Bitcoin wasn't self-sustainable for years. Spending all the NXT up front is a HUGE gamble that you are going to get it right with no problems, yet we are CURRENTLY FLYING BLIND. We don't even have the final NXT system from BCNext and JLP on the horizon yet, much less in our hands where we actually understand it and how to best manage it, much less setting aside payment for an independent review to give it credibility. In poker terms, you are going all-in on the first hand of the tournament.

That's what my obsession with one year is.

Why the fuck are you making the font size big?
Noone has said we're spending the NXT "up front"; but 1 year is a long time period. 3m NXT in one year on marketing is not a lot at all.
I have no idea why you have such low confidence in the NXT community. WE've got this far without almost any NXT funding.

In poker terms I am not going all in on one hand. As someone who has won big poker tournaments on Pokerstars I must say your analogy makes me chuckle

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