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Topic: NXT :: descendant of Bitcoin - Updated Information - page 1206. (Read 2761624 times)

hero member
Activity: 490
Merit: 504
Alias NXTcommunityfund = 13776816462073143763

NXT Community Fund Balance Total  : 2,127,878 NXT

USD Equivalent   : 137998.78  

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763

Whales, dolphins, minnows:  Please donate today.

Your generous contribution will enable great things.

Is anyone interested in sponsoring a chess tournament on ICC? (chessclub.com? )

ICC was founded back in 1991 (at that time it was known as ICS) -- long before google and and yahoo. It has hundreds of International Grandmasters and International master -- not to mention 30 thousand (and more) regular chess players who pay $60  a year membership fees.

Here is a list of active ICC members

http://www6.chessclub.com/activities/all_handles.php

This is a list Grandmasters who play on ICC

http://www6.chessclub.com/help/GM-bio

(the list of International masters is much larger)

A big chess tournament on ICC where the prize money is awarded in Nxt (must be enough money though to attack all the grandmasters) can attract media coverage OUTSIDE of crypto community.

I emailed Martin Grund (one of the founder of ICC) and asked him if ICC would hold such a tournament where prize money would be in Nxt (donated by Nxt community) and they will advertise the tournament to their members, and in the media.

Here is how that email exchange went:

Quote
Martin Grund via messagingengine.com

Feel free to reply to this email with your needs.

On Fri, Jan 31, 2014, at 03:28 PM, ICC [XXXXXX] wrote:
> Message sent to ICC user LateKnight from ICC user XXXX
> hi. I need to talk to you


XXXXX  [email protected]
4:17 PM (9 hours ago)

to Martin
How about arranging a chess tournament on a large scale (could be $10,000 US dollar eqv)?

The Nxt (it's crypto currency) stakeholders are spending money on promoting it. It currently has $60 million dollars market cap

 http://coinmarketcap.com/

(see #5 Nxt)

Someone did $500 worth of tournament on FICS where they currency was paid with Nxt.

How about if I talk to the stakeholders to sponsor a tournament on ICC worth $10,000 ?

They provide the money (in Nxt). You arrange the tournament on ICC with enough publicity to attract some press and GMs and IMs

$10,000 is a lot of money in chess circles Smiley

Martin Grund via messagingengine.com
4:19 PM (9 hours ago)

to me
It could happen if the monies were put in escrow.

We would, in essence, show off their monetary systems capabilities in venues such as ours.


Martin Grund via messagingengine.com
6:27 PM (7 hours ago)

to me
In fact, we too would toss some money into the fray.
 
Marty


Martin Grund via messagingengine.com
6:30 PM (7 hours ago)

to me
If it matters, I am an officer of ICC, a founding owner, VP and treasurer.

 

Hi,
I am already supporting two smaller tournaments - one chess and one starcraft match from the NxtMarketing fund, but budget for these is 5-15.000
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15

There are also planned Poker tournaments. Other games like League of Legends still don't have ambassadors.

Uniqueorn would like to host top starcraft matches, but budget for these would be at 100.000 and NxtMarketing account cannot afford this.

 Cheesy
legendary
Activity: 1176
Merit: 1134
CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

9'223K NXT + 10 BTC is yet available.

Reserved from the amount above:

10 BTC - NRS crypto algo audit
250k NXT - Whitepaper
100k NXT - fatal flaw reward
100k NXT - AM contest rewards
100k NXT - fiat gateway rewards
100k NXT - minusbalancer's bounty for the client (Edit: It will be paid from the Development fund)
X NXT - 1st SMS-to-NXT gateway reward

So up to 8.5M could be spend for the infrastructure, not necessarily 1M.
Can you estimate if our current servers are enough to handle 1000TPS? Do we need a lot more servers or are we fine with current levels? I want us to be efficient with NXT usage, but I want to make sure the network can handle the 1000TPS. That sounds like a really good number

If we can determine the cost of supporting 1000TPS, then we can allocate the funds ahead of time and even get ready to ramp up the servers, but only deploy them as the TPS actually starts climbing. This way, we can grow the NXT network most cost effectively.

Once we have that budgeted, then we can see what other costs the NXT community can reach consensus on.

James
hero member
Activity: 910
Merit: 1000
hero member
Activity: 910
Merit: 1000
CfB, would the reward be at least enough to cover my costs fir the sms gateway?

Community will decide the amount of the reward.

Should at least be be cost + some reward.

SMS Gateway -> tremendous!
full member
Activity: 266
Merit: 100
NXT is the future
If devs are to laizy to write the math and shemes down well what can we do.

in the white paper, we need the math, pictures and drawings about algo now.

so the only persons that can deliver here are the DEVs, we asked over and over but no reaction.

with all respect, maybe BCNext should do this!

Pin

Only BCNext can do that, the other devs don't have enough info about future TF properties.

Can you politly ask him to write something down? we NEED this desperatly !

EDIT: before he gets hit by bus. (tell him copy-paste is allowed Grin)

thank you
full member
Activity: 266
Merit: 100
NXT is the future


I will use this more often, forgot about the forms in google docs, thank you for the info on that!
full member
Activity: 266
Merit: 100
NXT is the future
full member
Activity: 266
Merit: 100
NXT is the future
Who manages the bounties/donations?

If there are several people on several funds list them all please.

I want to discuss contributing to these.

All peolple that administer or manage donations should put the heads toghetter to prevent double spending on the same projects.

This is one of the things to follow up very close and TIGHT!

global view on fund is needed

Pin
sr. member
Activity: 252
Merit: 250

rickyjames is the treasurer of the NXTfund. I will not pay any of the NXTfund to myself, nor will I even be able to touch the money.

Now that I have been entrusted with 1.525 million NXT all of a sudden I have the responsibility of deciding the best way to allocate it. It is not easy. I am still not even sure which area it is best spent on. It is super important that the funds are spent as effectively as possible.

I want to show the NXT community that the NXTfund will do its best to maximize the value of NXT and to reflect the collective will of the community. As long as there is consensus, then my job is easy. However, if there is no consensus, then I will be forced to decide the exact allocation and if I make everybody equally unhappy then that probably means I am doing a good job.

James

The alias NXTcommunityfund has now been associated with NXT account 13776816462073143763.

Whales, dolphins, minnows:  Donate today.

Your generous contribution will enable great things.  


NXTfund

Ricky, can you fill this form with the donators and the amount?

candidates please fill in this form and explain your project in short.

https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdHdMU1V2eDdaZFZ6bXhwOV9CME1WRXc&usp=sharing

thank you
Pin

Better to input data using this form
https://docs.google.com/forms/d/1BVrLc9x7Q1GWxPRLVRgZAbMkqIbLpRjbQDwQagQUgTg/viewform

which will populate this page, which you set as read only.
https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdHdMU1V2eDdaZFZ6bXhwOV9CME1WRXc&usp=sharing#gid=1
legendary
Activity: 2142
Merit: 1010
Newbie
If devs are to laizy to write the math and shemes down well what can we do.

in the white paper, we need the math, pictures and drawings about algo now.

so the only persons that can deliver here are the DEVs, we asked over and over but no reaction.

with all respect, maybe BCNext should do this!

Pin

Only BCNext can do that, the other devs don't have enough info about future TF properties.
hero member
Activity: 644
Merit: 500
Alias NXTcommunityfund = 13776816462073143763

NXT Community Fund Balance Total  : 2,127,878 NXT

USD Equivalent   : 137998.78  

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=13776816462073143763

Whales, dolphins, minnows:  Please donate today.

Your generous contribution will enable great things.

Is anyone interested in sponsoring a chess tournament on ICC? (chessclub.com? )

ICC was founded back in 1991 (at that time it was known as ICS) -- long before google and and yahoo. It has hundreds of International Grandmasters and International master -- not to mention 30 thousand (and more) regular chess players who pay $60  a year membership fees.

Here is a list of active ICC members

http://www6.chessclub.com/activities/all_handles.php

This is a list Grandmasters who play on ICC

http://www6.chessclub.com/help/GM-bio

(the list of International masters is much larger)

A big chess tournament on ICC where the prize money is awarded in Nxt (must be enough money though to attack all the grandmasters) can attract media coverage OUTSIDE of crypto community.

I emailed Martin Grund (one of the founder of ICC) and asked him if ICC would hold such a tournament where prize money would be in Nxt (donated by Nxt community) and they will advertise the tournament to their members, and in the media.

Here is how that email exchange went:

Quote
Martin Grund via messagingengine.com

Feel free to reply to this email with your needs.

On Fri, Jan 31, 2014, at 03:28 PM, ICC [XXXXXX] wrote:
> Message sent to ICC user LateKnight from ICC user XXXX
> hi. I need to talk to you


XXXXX  [email protected]
4:17 PM (9 hours ago)

to Martin
How about arranging a chess tournament on a large scale (could be $10,000 US dollar eqv)?

The Nxt (it's crypto currency) stakeholders are spending money on promoting it. It currently has $60 million dollars market cap

 http://coinmarketcap.com/

(see #5 Nxt)

Someone did $500 worth of tournament on FICS where they currency was paid with Nxt.

How about if I talk to the stakeholders to sponsor a tournament on ICC worth $10,000 ?

They provide the money (in Nxt). You arrange the tournament on ICC with enough publicity to attract some press and GMs and IMs

$10,000 is a lot of money in chess circles Smiley

Martin Grund via messagingengine.com
4:19 PM (9 hours ago)

to me
It could happen if the monies were put in escrow.

We would, in essence, show off their monetary systems capabilities in venues such as ours.


Martin Grund via messagingengine.com
6:27 PM (7 hours ago)

to me
In fact, we too would toss some money into the fray.
 
Marty


Martin Grund via messagingengine.com
6:30 PM (7 hours ago)

to me
If it matters, I am an officer of ICC, a founding owner, VP and treasurer.

 
full member
Activity: 266
Merit: 100
NXT is the future
BTW works on Whitepaper are kinda frozen in last 2 weeks
http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt

IMO, C-f-b or JL should provide some of the more technical stuff (doesn't have to be in good English or even well-formatted, other contributors can take care of that) since I don't think anyone else can truly appreciate the math and logic as well as C-f-b or JL can.

If devs are to laizy to write the math and shemes down well what can we do.

in the white paper, we need the math, pictures and drawings about algo now.

so the only persons that can deliver here are the DEVs, we asked over and over but no reaction.

with all respect, maybe BCNext should do this!

Pin
legendary
Activity: 2142
Merit: 1010
Newbie
CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

9'223K NXT + 10 BTC is yet available.

Reserved from the amount above:

10 BTC - NRS crypto algo audit
250k NXT - Whitepaper
100k NXT - fatal flaw reward
100k NXT - AM contest rewards
100k NXT - fiat gateway rewards
100k NXT - minusbalancer's bounty for the client (Edit: It will be paid from the Development fund)
X NXT - 1st SMS-to-NXT gateway reward

So up to 8.5M could be spend for the infrastructure, not necessarily 1M.
full member
Activity: 266
Merit: 100
NXT is the future

All,

please create an account on http://investorshub.advfn.com/ and swarm it to attrackt new investors.


Pin
legendary
Activity: 2142
Merit: 1010
Newbie
CfB, would the reward be at least enough to cover my costs fir the sms gateway?

Community will decide the amount of the reward.
full member
Activity: 266
Merit: 100
NXT is the future

rickyjames is the treasurer of the NXTfund. I will not pay any of the NXTfund to myself, nor will I even be able to touch the money.

Now that I have been entrusted with 1.525 million NXT all of a sudden I have the responsibility of deciding the best way to allocate it. It is not easy. I am still not even sure which area it is best spent on. It is super important that the funds are spent as effectively as possible.

I want to show the NXT community that the NXTfund will do its best to maximize the value of NXT and to reflect the collective will of the community. As long as there is consensus, then my job is easy. However, if there is no consensus, then I will be forced to decide the exact allocation and if I make everybody equally unhappy then that probably means I am doing a good job.

James

The alias NXTcommunityfund has now been associated with NXT account 13776816462073143763.

Whales, dolphins, minnows:  Donate today.

Your generous contribution will enable great things.  


NXTfund

Ricky, can you fill this form with the donators and the amount?

candidates please fill in this form and explain your project in short, 5 DAC initiative.

https://docs.google.com/spreadsheet/ccc?key=0AsrKGhOkVcFpdHdMU1V2eDdaZFZ6bXhwOV9CME1WRXc&usp=sharing


https://docs.google.com/forms/d/1BVrLc9x7Q1GWxPRLVRgZAbMkqIbLpRjbQDwQagQUgTg/viewform

thank you
Pin
legendary
Activity: 1176
Merit: 1134
CfB,

Please confirm that unclaimed funds used to be 9 million NXT, but BCNext increased it to 10 million NXT and said that he expected the community to fund servers.

That is what I remember and the implication is certainly that 1 million NXT of unclaimed funds should go toward NXT infrastructure, eg. servers.

I would like to create a NXT infrastructure advisory committee from the people that had the most to do with creating the current NXT infrastructure. I think we have the structure now to properly manage the 1 million NXT from unclaimed funds to use for NXT servers and infrastructure. We can just make the 1 million NXT a directed donation toward NXT servers and infrastructure to be used over timeframe of 2 years (or tbd?)

I am first to admit I do not know how much more servers we need to properly handle 1000 TPS network. What type of servers, how many, etc. These are the sort of things that should be solved before April so we can make sure we are ready and have it in place, just in time. I expect I will just agree to the advisory committees recommendation, unless I see something totally wrong with the proposed budget.

If anybody in the community objects to this, please post specific objections.

James
legendary
Activity: 2142
Merit: 1010
Newbie
Okay, I see. An incomplete transaction graph can be analyzed as well, though. So, my weights don't become as big as if I had the complete graph, but they are unequal zero.

Btw. how is the data transfer between the nodes regulated? If it's a push system, when a new node comes in, which nodes will send it the necessary data? If it's a pull system, when a new node comes in, from which nodes will it be allowed to gather the necessary data, if not from all? In the latter case, a new node could easily collect the complete graph.

How is it possible to analyze incomplete graph???

Peers don't share transactions, they share only balances.
legendary
Activity: 1176
Merit: 1134
I was on a boat today and I got to thinking about shipping costs. I also was thinking about the really cool solar powered raspis and how it would make a big splash at trade shows.

I also found out that it costs ~$300 to go to these tradeshows. Pretty expensive.
If we can create a NXT swarm at the tradeshow with everyone wearing matching shirts all of them carrying solar powered raspis, we won't need our own booth Smiley

The booths are kind of expensive, but they do give a discounted price for additional tickets.

In addition to ticket cost, there is the travel and lodging costs.

The I came up with a crazy idea, lets say we somehow found people in the cities with the trade shows who were willing to host people. what if we found people who have large cars and would drive people from other major cities to where the trade show was.

What if we had 50 to 100 people who signed up to get a solar powered raspi? The production costs go way down. It would make a buzz if just a fraction of those people showed up at the trade show, certainly if they all had the same shirts and were all carrying solar powered raspis all forging NXT over wireless!

This also saves on the shipping costs as each person would take home their own solar raspi. See how shipping costs triggered all this Smiley

OK, so maybe hard to find any hosts who would invite anonymous forum peoples into their home, but many people sharing hotel would drastically reduce costs. If you would get a solar raspi for attending the trade show and help spread the word about NXT and promised to use the raspi for forging when you got back, would you make the troubles to attend?

Not sure if the current NXT network needs another 100 raspis added to it, but if it did, this also helps the NXT infrastructure. 3 things solved at the same time!

Crazy idea or would you consider going to trade show in exchange for NXT shirt and solar raspi?

James
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