NXT :: descendant of Bitcoin - Updated Information - page 1617.

jl777

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Quote from: Come-from-Beyond on January 16, 2014, 09:33:18 AM

Quote from: jl777 on January 16, 2014, 09:27:34 AM

Within a month, client software will be ready, large scale marketing will require some time. If there was a marketing budget, better plans could be made as to how to allocate it. I think most all agree that NXT needs some significant increase in the number of NXT users. This requires marketing and sales. With user friendly clients, we can go to the mass market.

The first question is how much to allocate to marketing. Once we know this, we can work to allocate to the different marketing programs. I strongly believe in pay for performance marketing. A website nobody goes to has little value, even if it has a lot of good info. A confusing badly made website, still has value if it brings in NXT'ers.

We define a performance metric for marketing. We set a NXT value to that. We roll out massive pay for performance marketing plan. 100 BTC worth of pay for performance marketing is possible. That would make it the largest ever and become news worthy in and of itself.

James

Ok. Do it.

I assume you mean define a performance metric and not that you agree to funding 5 million NXT

As for a performance metric, what if it was simply that a new person is someone that purchases $25 worth of NXT or more, with a personally identifiable means, eg. credit card. A $10 worth of NXT bounty is 40%, which is generous, but not crazy since it would be paid only for verified $25 purchases.

James

Come-from-Beyond

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Quote from: CIYAM on January 16, 2014, 09:37:31 AM

Quote from: Come-from-Beyond on January 16, 2014, 09:34:38 AM

I disagree. If u don't change time but do change timezone, then ur UTC time is changed.

No it isn't - seems to me you don't understand the difference between UTC time and a local timezone (hint UTC has nothing to do with a timezone - that's why it is called UTC).

Q: My timezone is UTC+3, local time is 17:30. What is Unix time?
A: 14:30, right?

Now I double-click clock in bottom left corner of my desktop and set timezone to UTC+2. My current time magically changed to 16:30, so I set it back to 17:30.

Q: So, my timezone is UTC+2, local time is 17:30. What is Unix time?
A: 15:30, right?

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: NxtChg on January 16, 2014, 09:38:50 AM

There's definitely some issue with the current implementation.

I think you might be correct - UTC never changes (and if you are using nntp then your UTC should be fine).

The problem should never occur by changing your timezone and/or whether it uses DST - the only real problem should occur if you aren't using nntp and/or actually change the time.

jl777

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Quote from: jl777 on January 16, 2014, 09:29:31 AM

Quote from: Come-from-Beyond on January 16, 2014, 09:11:20 AM

Quote from: jl777 on January 16, 2014, 09:04:40 AM

Ripple was featured on top TV show: https://xrptalk.org/topic/949-ripple-debuts-on-%E2%80%9Ctv%E2%80%99s-no-1-new-show%E2%80%9D-%E2%80%93-nbc%E2%80%99s-the-blacklist/

2Kewl4Skewl has ripplegiveaway.com which is ripple faucet. Peercover supports NXT within ripple. Why not fund ripple NXT faucet? 50K NXT would get a lot of new exposure to people who are already in very similar demographic.

James

Why not? Create a poll.

Pin, can you create a poll for this? Also one for Marketing budget

James

As a community we need to decide on the allocation of the 9 million NXT. We need marketing, we also need more dev and probably more servers at some point. At this point, NXT has a lot more tech than marketing, so I would recommend not skimping on the marketing budget, especially if we can get a pay for performance plan worked out. I have some ideas on this already.

Maybe something like 4 million NXT budget to be allocated to PR, affiliate, etc.
3 million NXT for more dev, allocated to different areas of desired development
2 million NXT held in reserve for special items, community will know when a special item needs funding

Once we get high level budgets, then each budget gets allocated recursively until we have specific bounties for specific tasks. Each category should have some small but trusted group to evaluate and award bounties within the overall budgets

James

P.S. If there are any founders that would like to add to the overall 9 million, it will certainly help

NxtChg

hero member

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Simcoin Developer

Quote from: CIYAM on January 16, 2014, 09:33:09 AM

Changing your "timezone" does not "change the time" (the UTC time remains identical) so what are you talking about?

There's definitely some issue with the current implementation.

It shouldn't depend on timezone because it uses System.getTimeInMillis(), but still I had a problem with my server.
It had a correct time and timezone -8 hours and I couldn't send a single NXT out of it.

I had to change timezone to UTC, then tweak the time until getState API returned the same timestamp as my PC and disable time sync on the server.

I tried to figure out what's wrong, but my java is too rusty and the problem was fixed, so I abandoned it.

Still, I think it's worth looking into.

EDIT:
Forgot to mention that though my server's local time was correct (UTC - 8 hours), as timezone of -8 specified, the NRS timestamp was 8 hours in the future.

utopianfuture

sr. member

Activity: 602

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Internet of Value

Quote from: Come-from-Beyond on January 16, 2014, 09:33:18 AM

Quote from: jl777 on January 16, 2014, 09:27:34 AM

Within a month, client software will be ready, large scale marketing will require some time. If there was a marketing budget, better plans could be made as to how to allocate it. I think most all agree that NXT needs some significant increase in the number of NXT users. This requires marketing and sales. With user friendly clients, we can go to the mass market.

The first question is how much to allocate to marketing. Once we know this, we can work to allocate to the different marketing programs. I strongly believe in pay for performance marketing. A website nobody goes to has little value, even if it has a lot of good info. A confusing badly made website, still has value if it brings in NXT'ers.

We define a performance metric for marketing. We set a NXT value to that. We roll out massive pay for performance marketing plan. 100 BTC worth of pay for performance marketing is possible. That would make it the largest ever and become news worthy in and of itself.

James

Ok. Do it.

You shouldn't give encourage behaviors if they work under the assumption that they will be paid by the common pool of NXT, imho. This should be clear that CFB does not make spending decisions.

martismartis

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Quote from: Come-from-Beyond on January 16, 2014, 09:31:05 AM

Quote from: CIYAM on January 16, 2014, 09:27:18 AM

In that case why are you telling people to change/adjust their timezone?

The only thing they need to be doing is making sure their UTC time is correct.

No. My current time is 17:30 in UTC+3 timezone. I could set the timezone to UTC+2 keeping my current time 17:30. In this case my blocks/transactions will have timestamp shifted by 1 hour to the future.

A little bit confused:( here is my situation:

Chrome tab with blockchainexplorer:

42716   5848194006771653811    16.01.2014 15:12:50    6    105.99    6    0   14571285356259793594

Another chrome tab in client:

42716      14571285356259793594      1/16/2014 4:12:50 PM
6      0 + 6      1'326 B
2      5848194006771653811      106 %

So difference on the same PC is 1 hour. And I never forge a block, just always receive generating block errors. Is it like should be or it can be, that there some kind of bug regarding time zones?

CIYAM

legendary

Activity: 1890

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Ian Knowles - CIYAM Lead Developer

Quote from: Come-from-Beyond on January 16, 2014, 09:34:38 AM

I disagree. If u don't change time but do change timezone, then ur UTC time is changed.

No it isn't - seems to me you don't understand the difference between UTC time and a local timezone (hint UTC has nothing to do with a timezone - that's why it is called UTC).

Come-from-Beyond

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Newbie

Quote from: Come-from-Beyond on January 16, 2014, 09:25:07 AM

Any news regarding Nxt crypto-algo audit?

Come-from-Beyond

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Newbie

Quote from: Coinonaer on January 16, 2014, 09:35:04 AM

CFB: Would it make sense to make a kind of funding committee? To think about which kind of investments make sense and in which projects the money will go in? Yes, this is somehow centralized, but I guess it would help more to make just “decisions by the community” what could be just the loudest guys in Bitcoinkalk.

Good idea.

utopianfuture

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Activity: 602

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Internet of Value

Quote from: jl777 on January 16, 2014, 09:29:31 AM

Quote from: Come-from-Beyond on January 16, 2014, 09:11:20 AM

Quote from: jl777 on January 16, 2014, 09:04:40 AM

Ripple was featured on top TV show: https://xrptalk.org/topic/949-ripple-debuts-on-%E2%80%9Ctv%E2%80%99s-no-1-new-show%E2%80%9D-%E2%80%93-nbc%E2%80%99s-the-blacklist/

2Kewl4Skewl has ripplegiveaway.com which is ripple faucet. Peercover supports NXT within ripple. Why not fund ripple NXT faucet? 50K NXT would get a lot of new exposure to people who are already in very similar demographic.

James

Why not? Create a poll.

Pin, can you create a poll for this? Also one for Marketing budget

James

salsacz has been working on marketing for sometimes without pay. She and I are working on our next promotional campaign but we are funded under a donor's bounty. I suggest you to do the same- find a donor for your marketing effort.

There shouldn't be any new spending category under the common fund until we have voting system and multi-signature acc in place, imho.

aright, or at least a funding committee is in place.

Coinonaer

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Quote from: Come-from-Beyond on January 16, 2014, 09:28:44 AM

Quote from: utopianfuture on January 16, 2014, 09:25:54 AM

So Froze the acount until we have 1. voting system in place; 2. multisig acounts.

700K-800K is still waiting to be paid to client developers. But idea to froze account is a good one.

PS: By April u should find guys who will handle the funds or they'll be sent to the genesis account.

CFB: Would it make sense to make a kind of funding committee? To think about which kind of investments make sense and in which projects the money will go in? Yes, this is somehow centralized, but I guess it would help more to make just “decisions by the community” what could be just the loudest guys in Bitcoinkalk.

Come-from-Beyond

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Newbie

Quote from: CIYAM on January 16, 2014, 09:33:09 AM

Changing your "timezone" does not "change the time" (the UTC time remains identical) so what are you talking about?

I disagree. If u don't change time but do change timezone, then ur UTC time is changed.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: jl777 on January 16, 2014, 09:27:34 AM

Within a month, client software will be ready, large scale marketing will require some time. If there was a marketing budget, better plans could be made as to how to allocate it. I think most all agree that NXT needs some significant increase in the number of NXT users. This requires marketing and sales. With user friendly clients, we can go to the mass market.

The first question is how much to allocate to marketing. Once we know this, we can work to allocate to the different marketing programs. I strongly believe in pay for performance marketing. A website nobody goes to has little value, even if it has a lot of good info. A confusing badly made website, still has value if it brings in NXT'ers.

We define a performance metric for marketing. We set a NXT value to that. We roll out massive pay for performance marketing plan. 100 BTC worth of pay for performance marketing is possible. That would make it the largest ever and become news worthy in and of itself.

James

Ok. Do it.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: Come-from-Beyond on January 16, 2014, 09:31:05 AM

No. My current time is 17:30 in UTC+3 timezone. I could set the timezone to UTC+2 keeping my current time 17:30. In this case my blocks/transactions will have timestamp shifted by 1 hour to the future.

Changing your "timezone" does not "change the UTC time" (the UTC time remains identical) so what are you talking about?

Talking about "local time" will only confuse people - why not just get the client to print the UTC time when it starts up so you can easily tell?

Come-from-Beyond

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Quote from: CIYAM on January 16, 2014, 09:27:18 AM

In that case why are you telling people to change/adjust their timezone?

The only thing they need to be doing is making sure their UTC time is correct.

No. My current time is 17:30 in UTC+3 timezone. I could set the timezone to UTC+2 keeping my current time 17:30. In this case my blocks/transactions will have timestamp shifted by 1 hour to the future.

xyzzyx

sr. member

Activity: 490

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I don't really come from outer space.

Quote from: Come-from-Beyond on January 16, 2014, 09:15:04 AM

PS: We can always send the coin to the genesis account if we don't come to a conclusion.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Come-from-Beyond on January 16, 2014, 09:11:20 AM

Quote from: jl777 on January 16, 2014, 09:04:40 AM

Ripple was featured on top TV show: https://xrptalk.org/topic/949-ripple-debuts-on-%E2%80%9Ctv%E2%80%99s-no-1-new-show%E2%80%9D-%E2%80%93-nbc%E2%80%99s-the-blacklist/

2Kewl4Skewl has ripplegiveaway.com which is ripple faucet. Peercover supports NXT within ripple. Why not fund ripple NXT faucet? 50K NXT would get a lot of new exposure to people who are already in very similar demographic.

James

Why not? Create a poll.

Pin, can you create a poll for this? Also one for Marketing budget

James

Come-from-Beyond

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Quote from: utopianfuture on January 16, 2014, 09:25:54 AM

So Froze the acount until we have 1. voting system in place; 2. multisig acounts.

700K-800K is still waiting to be paid to client developers. But idea to froze account is a good one.

PS: By April u should find guys who will handle the funds or they'll be sent to the genesis account.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Come-from-Beyond on January 16, 2014, 09:15:04 AM

Quote from: bitcoinrocks on January 16, 2014, 09:07:26 AM

Take development of the Linux kernel for example. Linus Torvalds is in charge, there is no voting, and the project is thriving. Bram Cohen was in charge of the bittorrent protocol and that didn't hurt its decentralizedness. Which successful software projects put everything to a vote?

This is why BCNext reserves 3M for development, but he can't handle the rest of the coins.

PS: We can always send the coin to the genesis account if we don't come to a conclusion.

Within a month, client software will be ready, large scale marketing will require some time. If there was a marketing budget, better plans could be made as to how to allocate it. I think most all agree that NXT needs some significant increase in the number of NXT users. This requires marketing and sales. With user friendly clients, we can go to the mass market.

The first question is how much to allocate to marketing. Once we know this, we can work to allocate to the different marketing programs. I strongly believe in pay for performance marketing. A website nobody goes to has little value, even if it has a lot of good info. A confusing badly made website, still has value if it brings in NXT'ers.

We define a performance metric for marketing. We set a NXT value to that. We roll out massive pay for performance marketing plan. 100 BTC worth of pay for performance marketing is possible. That would make it the largest ever and become news worthy in and of itself.

James

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1617. (Read 2761645 times)