Topic: NXT :: descendant of Bitcoin - Updated Information - page 1309. (Read 2761642 times)

To the whales out there, I have a question.
If the community voted to spend 10 million NXT in community fund on marketing, how would that affect you:

A) Positively, would buy more
B) Neutrally, no change
C) Negatively, would sell part of all of NXT

Any other comments from the "whale" perspective about NXT marketing spending would be appreciated. If you are thinking this way, then odds are that other potential whales are thinking the same way too.

James

Yes. Right after the official client is released. And you know what I mean by official. I mean the client the community deems to be the best and thus becomes labeled the official client because that is the parlance of our times.

"completely eliminates the threat of a 51% percent attack" can someone link me to some argument for this. it just doesn't make any sense to me.

Here's my take:

Ready for what's NXT? Written from the ground up, NXT is the first true second generation crypto. NXT's unique 100% Proof of Stake security model provides a platform for breakthrough and disruptive innovations. One of these innovations is known as Transparent Forging. With Transparent Forging, the network is capable of achieving instantly-secure transactions at Visa-level transaction volumes. Additionally, NXT's 100% Proof of Stake model completely eliminates the threat of a 51% percent attack, and does away with the enormous electrical and inflationary costs of blockchain security. With all of it's promised features, NXT provides the best and most secure foundation for users and businesses alike. NXT, the Next Generation of Cryptocurrency.

While long term etherium and emunie will probably get tangled in legal issues regarding their IPO's lack of formality, in the short term, they are coming out EXACTLY when NXT is vulnerable. Until April, we could actually have slightly less features than emunie.

I know this is a tech oriented community, but I hope you can understand that sometimes it is prudent to substitute marketing/PR for a gap in tech. It is only a temporary thing and maybe it won't be a big deal, but what if people make emunie a giant success and take the thunder away from NXT? Is that a risk we should take when we don't have to?

Marketing as DEFENSIVE weapon. Marketing to make people excited about NXT and wait until April to decide between NXT, emunie and etherium. By then, the lawyers might already be circling one or both of those, so it would be game over in favor of NXT.

That is a nice outcome and well worth taking the chance with 10 million NXT that is inching closer and closer to the incinerator. It is like a use it or lose it vacation time. Let's use it. Now is the perfect time to use these funds. It will make all of our NXT worth that much more in the long run. That is what I want. Don't you?

James

Everyone calm down, please. And Europeans: go to bed now. Thank you.

We will have many spots... Let's try different things!

about voting, at least three known ways to vote:

1. every individual has 1 vote     (analogy to NXTsystem: 1 account = 1 vote)
2. every share      has 1 vote     (                                1 NXT      = 1 vote)
3. every "skill"      has x votes    (                      ? ? ? ?                            )

The example for the 3rd one is from groups, where skilled people, experts had
more weight in their votes than others.


In global NXTsystem is no persons, no trusted persons, therefore no skilled persons either.
Just NXTs and accounts. Unless there will be built a method to give identifications
to accounts (...which cannot be gamed:).



Which one is better? The 1st or the 2nd?

The 2nd is suitable for economical issues, which concerns the owned wealth.  
E.g. companies' general meetings, where is decided company's future plans:
the people who own more shares, they own bigger part of the company, and so they
have more votes.
But is NXTsystem a company, which can be owned?


The 1st is suitable for non-economical issues.
In NXTsystem it has the problem of "splitted accounts".
How splitted accounts could be rejected or at least made more uncomfortable?

  - require forging
  - require at least 1 NXT in account (then splitting would cause some costs)
  - ...

i personally totally ignore unsupported claims. that means that ive pretty much ignored every advertisement ive ever heard in my life. i kind of had this idea that maybe i would make an advertisement that i wouldn't ignore if i heard it. but w/e i cant fight off this much negativity. im used to fighting of legions of opposition with out a single person supporting me thats the story of my life. but for some reason i just cant handle it here right now in this context. these guys can do w/e they want.

You are, apparently, also not very good at listening to critics.

10 people told you what your main problem is and you think it's "aesthetics"?

Your text is either for print or for a separate 20 minute podcast.

For 1 minute slots, it seems like joefox can handle everything by himself, his first two samples were perfect.

If he runs out of ideas he can always ask here and then word it precisely for his voice and articulation.

We should stay with the plan of paying 230k nxt for this campaign and reserve the slots for the next months.
Keep in mind that Ethereum and emunie are on their way... nxt needs to be and stay in people's minds.

I bet all of the people who make a living advising other people about crypto are listening to LTB and not waiting for the print version of bitcoin magazine. Now, bitcoinmagazine's website might be a different story.

I forgot about the competitive aspects. Only finite slots available and until April or even when TF is fully deployed, we need to do everything we can to reserve NXT's place in people's minds, especially the influential people's minds.

We have 10 million in community fund. Between now and April if we can't figure out what to do with it, it will be vaporized. We have proven that we will never be able to agree on how to vote...

I say that it will be much better for NXT overall if we just spent it on a PR blitz, instead of having it vaporized. Marketing increases the value of every other NXT. However, it is not possible to accurately measure what each different piece of marketing does, so it does not really fit the typical bounty model. There are still many tech projects and my understanding is that they will be bounties from the founders that will continue.

The price of NXT increased just when bter added NXT, but there was also another very significant event. NXT marketing got funded. 500,000 NXT is not much, but it was the biggest NXT marketing funding. Right after this I increased my stake in NXT and I bet so did a lot of other investors. Investors like to know that marketing is not being skimped.

Get mindshare of the movers and shakers
Recruit a bunch of new highly capable NXT community members
Get a booth at trade shows
Get print ads
Get LTB spots and shows
etc. etc.

or send 10 million NXT to the shredder

Can we vote on this?

I cannot promise that a 10 million NXT marketing budget will double NXT price right away, but I can promise that spending 10 million NXT on marketing could double the price and it is certainly much better than destroying it!

James

Please don't get frustrated. The problem is that some people think that simple and few content = better than rich content with arguments.

Think of apple: simplicity (not stupidity!)

Yes, non-gameable in calculation. But what result it'll bring? If VS serves goal of collecting of opinions (for reader), how it's different from BTT's thread? And here anyone even with 0 NXT can say something useful. That was I meant under "right to vote".

Will be most-coins-owners'es-competency-based result better representative (to reader, to doer) of community view on pointed problem than forum poll / thread's posts? Well, guess what: I don't think so. In worst case it'll be exact opposite.

I've thought about another one: voting worse than discussion cos it simply can eat much more time. If some competent enough people're brainstorming problem, "collective mind" work: if u didn't take in important detail there's a chance it can be immidiately repair by another brainstormer. So road to decision can be short and % of mistakes can be lowered. Voting... I hope u got me.

Now that is just misrepresenting what we are saying.
Sorry, but it happens to be my job to know how to get an idea across in a particular format.
There are rules to it, and you ignore them at your peril.
Those rules are not glib, they are tested and documented.

You ask for opinions, fine.
Don't go in a strop when people here, who know about how to present and ration ideas in words tell you your way can be improved upon.

As said: the content is good, but too information dense for one minute.
It needs cutting up and needs less technical terms *for a one minute segment*
In a longer format, it could work.

Yes, I'm irritated by your tone.

We don't have to back up the claims in one minute of audio.  Just make the claims and let people know where to go to get the backup info.  

Sadly, it *is* an ad... not a precis for an academic paper.  The goal is actually very simple: get people interested and involved.

You are TOTALLY on the right track.  It just needs some trimming and clarity, which is coming with each revision.  No draft you've presented so far mentions a website or tells anyone where to go to learn more.  You don't have to build all the facts into the text.  Hit the audience hard with your best feature list (you have a great handle on this) and then make sure they understand where to go to find the detail they need.

Maybe this is for print? There is a logical chain presented and it is very powerful, but there is no way I would be able to follow this if I were listening to it. With bullet points and formatting, maybe a diagram and chart, it would be a very strong claim + proof about NXT.

James

jl777
+1
+ if we want to get to the journalists / celebrities / people with a lot of followers, this is a way
+ now ethereum etc cannot have that minute

New version of .NXT Client (v.0.0.4) is available!

[Feature] Copy to clipboard functionality all over the application
[Feature] Lock account button and context menu
[Feature] Forging timer
[Feature] Not encrypted messages
[Bug fix] Performance and GUI improvements

Known issues:
- Orphaned blocks are not displayed correctly

dotNXT.0.0.4.setup.exe 915838 bytes
MD5  10c2f846eae370ba261664f53d452857
SHA1 c6bb2c6a703721ea2e8da31667c8040307ab929b
SHA256 d4597acfa716497444791801719149e1b80e38ea5c728cc95bbe9911acaf9a27

PS: Source code will be published with the next (v.0.0.5) version.

I was talking about treating pure forging like a busniess. Goal: highest fees. But, for example, merchants (or just senders) a part of Nxters too (will be in worst case). Goal: lowest fees to compete. Not only different goals, opposite goals. How to reach equilibrium? How to reach win-win situation? I think: not but supressing losers of voting, but in competent discussion (public or not) and trying of models (in worst case in different chains/projects). Infinite evolving, much thinking required.

We don't need exact numbers, we need close assumption. Do u think competence on every problem distributed exactly like wealth? I don't think so.

Yea i agree. in my newest revision i just did this

*insert intro* Written from the ground up with brand new source code, nxt is the first truely second generation crypto. By melding short term predictibility with longer term uncertanty, nxt's 100% proof of stake security model opens the flood gates for a torrent of breakthrough innovations. The ability to predict future transaction processors allows those processors to build trust within the community. This trust can be leveraged by merchants to acheve instantly secure transactions or by customers to acheve visa level transaction volumes. Nxt's 100% proof of stake security model eliminates many of the costs associated with bitcoin blockchain security. Costs presently born by the savers in the form of inflation. Finally, unlike bitcoin with its limited time block subsidy, there is no arbitrarily selected date far off in the future where nxt's security model will be put to a final test, if nxt works now, it will work always. *insert conclusion*

im not good at aesthetics. it seems to be the only thing that some other people in this thread are concerned with so ill let them handle that.