It'll never be sent to genesis, it seems from the response already that 90+ % is in favour of doing it the way CfB suggested, I.E. handing out 1 mill to 10 chosen members and then voting on which projects are going to get funding.
This is the only sensible thing to do.
Hell we have upcoming Bitcoin conferences where we are going to have attendees with brochures, business cards and hopefully even a stand and speakers at the ones in Europe next month.
Currently we are funding this privately (plane tickets, hotels, the creation of brochures etc.), which is just idiotic that we, a select few who isn't among the original stake holders should have to pay from our own wallet.
These are the types of projects those 10 mill should fund.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 1573. (Read 2761647 times)
sending them to genesis is ridiculous ))) , why not hire some coders, build soft, exchanges.. and so on...
by the way how s the white paper doing ? is somebody working on it?
have we found some cryptographer to check the code?when will the code be open?
by the way how s the white paper doing ? is somebody working on it?
have we found some cryptographer to check the code?when will the code be open?
Wouldn't it be cool if the distribution of NXT could be handled by a bounty voting system internal to the protocol.. so proof of stake could be used to vote on bounties.. the winners automatically get distributed a new issuance of NXT.
As someone who is constantly working with people for weeks now trying to get stuff done, it is really simple: those millions can do A LOT for NXT and I mean A LOT.
Several super talented people are willing to do great work for tens of thousands of NXT, you can host BIG showmatches in eSports for tens of thousands of NXT that will make NXT known as a currency to tens if not hundreds of thousands of people within a month, you can get professionally made videos, websites, graphics for anything etc.
Is 10 million enough? It all depends, it would still be very good and healthy of the founders to donate more, but 10mill will help a lot to get A LOT of work done aswell as keeping the active members of the community interested.
Several super talented people are willing to do great work for tens of thousands of NXT, you can host BIG showmatches in eSports for tens of thousands of NXT that will make NXT known as a currency to tens if not hundreds of thousands of people within a month, you can get professionally made videos, websites, graphics for anything etc.
Is 10 million enough? It all depends, it would still be very good and healthy of the founders to donate more, but 10mill will help a lot to get A LOT of work done aswell as keeping the active members of the community interested.
But destroy the money?
Let's assume there were 1Bil - 10M coins in the genesis.What's changing?
Sending coins to the genesis increases value of the other coins. So big stakeholders get more benefit.
Why it's so important to decide and to it right now what to do with that 10M. Everything goes just fine! Let's just go with the flow.
Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?
Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.
Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?
Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.
In fact normally we shouldn’t need this 10M NXT, but the problem is we don't find sponsors (stakeholder founders) to support our projects.
As of now it are always the same 3,4 stakeholders founders that come forward with sponsoring.
Big stakeholders have to understand that decentralization depends upon them some kind of way, if they don’t sponsor voluntarily they will lose grip on NXT and in a way NXT get more decentralized from stakeholders founders, but more centralized for decision making.
I propose use the 10M for further development or send them back to genesis block.
At the same time the stakeholders founders should put together a 20M bounty/rewards fund and decide how to administer and divide that money.
If they don’t and we have to vote for it (10M) I doubt there will be one big stakeholder founder chosen to take part of the foundation.
What I am saying is:
1) We depend on that 10M for the future and have to vote for administer them
2) The (other)stakeholders founders put together a fund for the future and do it themselves
3) If none of above, sent back to genesis.
BTW: now we have message system somebody should sent a message to that accounts!
Pin
Now you sound like one of those who missed the train. Stakeholders shouldn't do anything unless they want to. We have 10M, we need to make something cool for Nxt. If it'll make you feel better just think that one of the initial stakeholders gave these 10M to the community. Actually it's kinda like that anyway.
Why it's so important to decide and to it right now what to do with that 10M. Everything goes just fine! Let's just go with the flow.
Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?
Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.
Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?
Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.
In fact normally we shouldn’t need this 10M NXT, but the problem is we don't find sponsors (stakeholder founders) to support our projects.
As of now it are always the same 3,4 stakeholders founders that come forward with sponsoring.
Big stakeholders have to understand that decentralization depends upon them some kind of way, if they don’t sponsor voluntarily they will lose grip on NXT and in a way NXT get more decentralized from stakeholders founders, but more centralized for decision making.
I propose use the 10M for further development or send them back to genesis block.
At the same time the stakeholders founders should put together a 20M bounty/rewards fund and decide how to administer and divide that money.
If they don’t and we have to vote for it (10M) I doubt there will be one big stakeholder founder chosen to take part of the foundation.
What I am saying is:
1) We depend on that 10M for the future and have to vote for administer them
2) The (other)stakeholders founders put together a fund for the future and do it themselves
3) If none of above, sent back to genesis.(or to my account)
BTW: now we have message system somebody should sent a message to that accounts!
Pin
I think NXT market gains should be measured from the value of initial release (~$1 million), not the 21BTC as that is a token amount and does not represent real world development costs.
James
James
Good idea.
but where did that value of initial release come from?
From vacuum.
Paralysed by the thought of having to read 1018 pages?
Generally scared of life now?
Fear not! Get your summary here!
Generally scared of life now?
Fear not! Get your summary here!
I bet most of newbies won't see this message
...to determine how to split the stake among founders.
Meaning... to establish the transactions that constitute the Genesis Block, right?
Exactly.
I remember that :someone link the relation between publickey,secret Password and the Security before,but I can found it now,Can anyone help to provide this information?
Thanks.
Thanks.
https://bitcointalksearch.org/topic/nxt-coin-security-366105
Thank you ,smaragda
NXT could use more support at http://bitvestor.info, maybe a thread discussing main features and future potential. At close to 1000 visits a day, it could be good for NXT! Quality content is always more effective!
Disclosure: I own bitvestor.info and have a decent size stake in NXT
Disclosure: I own bitvestor.info and have a decent size stake in NXT
I am a member, had not much time to post yet
Pin
Why it's so important to decide and to it right now what to do with that 10M. Everything goes just fine! Let's just go with the flow.
Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?
Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.
Does anybody have a great idea? Let's vote if it should be done and then vote how much we should spend on it. What can be easier?
Somebody suggested to make a photoshoot with girls to advertise Nxt. Let's do it. Share ideas of the photoshoot, draw sketches etc. Then vote for the best idea and size of a bounty. And so on with the rest of unclaimed money.
I have something similar in mind. It is like a concept of "open bounty". Anyone can step up and present his/ her idea, propose a bounty and let the community decides. So we continue the tradition of asking for bounties in a decentralized fashion as we have been already doing in nextcoin and nxtcrypto forums so far. But now funding would be a bit easier to come by since we have common pool in addition to private donors's fund.
This will work easier when we have the voting system in place. A person presents his/ her idea, propose a bounty and action plan, and set up a vote. Community can ask questions in the meantime and when the voting is over, the project will be funded if the vote passes the majority. A democratic and decentralized method of funding projects.
We can even implement this type of "open bounty" even when the voting system is not yet in place. In fact, we actually did it one time already with the case of Maco's android app as the overwhelming majority refused to fund his 500K NXT request for his app. So we actually had a precedent in place already. Let's continue the funding process in this type of decentralized fashion instead of giving one person/ or group the authority of giving out the funds.
AGREE 100%.....this already worked very well...so lets continue it then...there are a few projects to fund right now.
Of course, using it for development and marketing seems like a way better use.
Absolutely. Only trolls and Nxt haters can suggest to destroy the money.
BCNext suggested a great idea how to proceed with the coins. I'd say we should do it.
the code suddenly needs to be changed to address the issue of the coins not being claimed
Where did you get that from?
https://bitcointalksearch.org/topic/m.4567150
Doesn't look like there's lot of work. Just block outgoing transactions for 10 accounts, it's day job tops. And the whole idea seems great and reasonable.
the code suddenly needs to be changed to address the issue of the coins not being claimed
Where did you get that from?
https://bitcointalksearch.org/topic/m.4567150
@CFB. I have a question regarding AM. Can we make messages sent to any particular account public? I was thinking we could use public messages as a feedback/trust system. For example, if account "x" was selling something, I could go on blockchain explorer, lookup up that particular account, view public messages sent from previous users who had successfully purchased from account "x". Thanks.
They r public by default.
Great, that's what I thought. I'll see if nexern would be able to implement into Blockchain
Heard back from Nexern on including public messages (reputation system) with each account in BlockChain explorer as well as his new client. He is going to include it. We can now use public AM as a feedback/reputation system, since the transaction # will be associated with the message, you can check to make sure the transaction and feedback was legit and associated with a particular item for sale. This will allow us to create simple listing markets (craigslist style), where most of the transaction can happen within the client from reputable sellers.
Still need some innovation but it's a step closer.
this also allows DarkNXT micro-news......messages broadcast from anywhere in the world...anonymously
the code suddenly needs to be changed to address the issue of the coins not being claimed
Where did you get that from?
I don't see what the rush is to distribute the 10 million Nxt, is there a specific reason? In addition, if the individuals are trusted, why would the code need to be changed just to accommodate them? This just doesn't make sense, perhaps I am misunderstanding?
We need features, and to make features we need developers, this is where the Nxt or Nxt>BTC should be spent (or atleast 80% of it). All the hoopla regarding Nxt has died down now and I believe we have reached critical mass in the Bitocointalk community as shown be the diminishing accounts being created everyday. Everyone that is here now and participating is obviously committed, so I can say for sure we have a strong community of Nxt'ers.
The next milestone will be general public adoption, at least the general crypto community and for that we need a rock solid client that hopefully supports forging and a reliable network. In my opinion, being second generation, we need to get to the point where this can be run securely on a mobile phone (transaction and forging) - to me - that is second generation, but that can come down the road as we have plenty to work on regarding the core of Nxt.
All this talk about marketing is great, I work in that space, however, it is not needed at this time and perhaps never will be. All energy and funds (if needed) need to go to development, at least in the next couple of weeks.
I vote that the majority of funds either be dedicated to development or destroyed.
We need features, and to make features we need developers, this is where the Nxt or Nxt>BTC should be spent (or atleast 80% of it). All the hoopla regarding Nxt has died down now and I believe we have reached critical mass in the Bitocointalk community as shown be the diminishing accounts being created everyday. Everyone that is here now and participating is obviously committed, so I can say for sure we have a strong community of Nxt'ers.
The next milestone will be general public adoption, at least the general crypto community and for that we need a rock solid client that hopefully supports forging and a reliable network. In my opinion, being second generation, we need to get to the point where this can be run securely on a mobile phone (transaction and forging) - to me - that is second generation, but that can come down the road as we have plenty to work on regarding the core of Nxt.
All this talk about marketing is great, I work in that space, however, it is not needed at this time and perhaps never will be. All energy and funds (if needed) need to go to development, at least in the next couple of weeks.
I vote that the majority of funds either be dedicated to development or destroyed.
The same again. What do you mean by "dedicated to development"? Do you have something in mind? Then share with the community and suggest a bounty and the community will vote for it.
Also what's the use of destroing the coins? That's fucking crazy. Even two payments of 5M to Cryptsy and BTC-E owners for adding Nxt to their exchanges will be way better then destroying them.
But I do agree with the first part. Changing the code just for that reason is maddnes. Don't developers have something more important to do? Why the hell we need this commity at all? Let the coins stay were they are now and focus on ideas for development and promotion.
Let me clarify the destroying of the coins (which is not desirable). If the code suddenly needs to be changed to address the issue of the coins not being claimed, I would rather have them destroyed then have a band aid put into the core. Messing with code in this manner is what's fucking crazy.
However, if we will not touch the code, then distribute them via community bounties. There are plenty of users I would feel comfortable having manage these funds on a trust basis alone without touching the code. But, i may be a bit too trusting as i donated 10,000 of the Nxt that Drexme was gracious enough to steal and sell for personal gain, but that's another story.
As for suggesting ideas, at this point, i just want to see the features originally planned implemented. I have worked as a project manager for one of the fastest growing POS (Point of Sale) companies in the US, so once the network and client are at a stage where they can reliably be integrated into other applications, I will have plenty of ideas to share. For instance, subscriptions (recurring payments).
In the meantime, my team and I are finalizing our Nxt trading platform and will present it when and if it 100% to our satisfaction.
But destroy the money?
Let's assume there were 1Bil - 10M coins in the genesis.What's changing?
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