Topic: NXT :: descendant of Bitcoin - Updated Information - page 1335. (Read 2761645 times)

I bought NXT again from these BTCs.

Nxt - 3D graphics: Update #02

Nxt - 3D graphics: Update #02

I'm not sure about the date on the coin. It is right 2013 or when was official release?

• png transparency bug fixed
  
• Nxt coin shadow v02

All 3d renderings will be here:
forums.nxtcrypto.org
nextcoin.org

No they are not, did anyone say so?

Nxt is not a corpotation, corporations are not people.

Take a look at the topic "Nxt encryption algorithm" posted by CfB:

https://nextcoin.org/index.php?topic=727.0

Same for forging...why does DGEX get all the payoff for holding its users' NXT? Of course, if they lose that, expect higher fees charged to users for DGEX's services.

This too can be gamed.  Assume a person can uniquely be identified with colored coins.  What is to stop a significant stakeholder attaching colored coins to hobos for some pocket change to gain additional votes.   The only solution that cannot be gamed is 1 NXT = 1 vote?  This is also consistent with POS.

Funding request
Most of us agreed with the decision to have a paid 1 minute sponsor spot at the Let's talk Bitcoin

There will be also 4 new shows with sposor spots, but I wouldn't like to spend too much NXT.

We decided for: 1 minute long ad (=sponsor spot) at the main show for 3 months for 290k NXT (we can pay in BTC)

One stakeholder is willing to pay 1/3 of the NXT. Would anyone join him?

Could we spare some unclaimed coins for this advertisement?

Who wants details, I will send him them.

NxtMarketing account:

2037401990853753795

more info: https://bitcointalksearch.org/topic/m.4744614 + https://bitcointalksearch.org/topic/m.4744963

Here are a couple different appeals, not all of them congruent.

Appeal to potential investor greed:
The tone of the appeal needs to more more forward looking than backward looking, more focused on the possibilities to be enjoyed by investing now, rather than justifying BCNext's decisions. This appeal targets speculators.
"If you believe that NXT offers the possibility of significant value appreciation, then it might make sense for you buy a stake."
People who buy shares of Bekrshire Hathaway do so because they believe that its value will increase from this point forward more than other things they might invest in. But I don't think they spend a lot of time condemning Warren Buffet or any of the early adopters for having made enormous gains already.  

Appeal to development integrity:
This appeal targets long-term investors.
BCNext closed the funding period because he accumulated exactly the amount of startup funding that was necessary for the project. Taking on more funding would have, in his view, corrupted [this might not be the best word] the development process. The goal was always, and continues to be, developing the best cyptographic architecture. It is common these days for corporations to reward stockholders at the expense of sound product development principles. BCNext is old fashioned in that he always places the integrity of the product above the financial rewards of his investors. But, as we all know, if the product is excellent, the money will find it.

Do any of these appeals help us think about the audience we might be writing to, and the way we want to position the NXT product/process?

https://forums.nxtcrypto.org/viewtopic.php?f=2&t=666

I created a vote here and it seems like the encrypted message won. So I will implement this. Right now I decided to use sha128. But I think there may be other crypto algorithms, which maybe are better. If you can deliver a source for a php implementation (I'm not a crypto guy (not now! :p), so I can't implement it. I can just handle the algorithms and create services with them) then I will think about choose this. If I can find a sha256 php implementation I will take this one.

Then NXT are not people either.

It sure seems this way, but I hope that if we keep discussing it, we might eventually stumble upon some clever, unexpected solution.

Too early to give up

Could it be that you can be mistaking stakeholder for shareholder?

I have a new way to explain why NXT fundraising was closed at 73 people.

Actually 2 ways, one is a symbolic/superstitious explanation:

BCNext felt strongly that one millionth of BTC ultimate supply is the perfect amount to start NXT with.

OK, it might seem silly to a lot of you, but do you know what percentage of people believe in astrology, ghosts, numerology, etc? The million to one ratio is easily understood by almost all of the world.

The other is legal. BCNext knew that with rapidly rising BTC prices that if he didn't stop the fundraising, the amount raised would exceed the legal thresholds in more and more jurisdictions. Imagine if BCNext raised $25 million dollars worth of BTC (what etherium is trying to do), then all sorts of lawyers would be buzzing around and if NXT went down in price, there would be all sorts of legal issues to deal with. As it is with the token amount raised, there can be no legal liability from the fundraising. This is a big advantage that NXT will have over emunie, etherium, etc. I predict if they succeed in raising millions of dollars in capital, they will inevitably get embroiled in litigation, possibly from multiple jurisdictions. If the price goes down, they might very well be forced to refund all investors with what is remaining of their funds after all the legal expenses.

So, BCNext was either very superstitious, symbolic or legally conservative.

We can vote on which you think is right

James

Hm... It was started like corporation. So at what moment do you think it became corporation no more?

It's not that hard to understand, but people seem to want to create all kinds of controversy around it.

It was closed so the genesis block could be created and the community could start building the software and ecosystem. If BCNext waited until Jan, we'd be 2 months behind.


Also, he stopped at 21 bitcoins because he liked the number "21", as in there are 21 million bitcoins  That's the only symbolism going on around here.