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Topic: NXT :: descendant of Bitcoin - Updated Information - page 478. (Read 2761645 times)

full member
Activity: 266
Merit: 100
Well, I am back from Texas Bitcoin Conference and it was an extremely interesting experience.

Marketing NXT at TBC was a frustrating experience.   Wed night late I went around and put the NXT brochure out on literally 1600 chairs in preparation for the next day.  At noon on Thurs I went around and picked up the unused ones.  We probably only had 100 or so that were kept.  Of course the conference only had around 600 people, far less than expected.  I have made arrangements to ship the rest out to NxtMinnow for San Francisco.  

The exhibitor area was kind of a joke.   Very few tables, very few people went through it.  I was wrong to push for a separate NXT table earlier, it would have been a waste.    

I was on the cryptocoin panel discussion which I think went very well.  The video will be out in a few days and I'll post a link.  There were maybe 30 guys in the audience and on a show of hands probably only 5 had even heard of NXT.

I made a lot of good contacts, including a writer for Bitcoin Magazine with whom I had a very long talk about NXT.  He is going to write an article on us.  This is probably the number one positive thing for NXT that has come out of the conference.

The interest in Etherium in the Bitcoin community is extremely strong.  This is a trend to watch.

People want to hear confident leaders on a stage.  People want to hear confident leaders  on a stage.  People want to hear confident leaders  on a stage. 

The thing that has surprised me most, the biggest insight of all, is how few people care about the technical side of Bitcoin.  Over 95% of the people there view Bitcoin as a social/political phenomenon and wouldn't care if it were powered under the hood by three witches cackling around cauldron of witches' brew.  Talking about the advantages of transparent forging over competitive mining or PoW vs. PoS or trusted gateways or pretty much anything we discuss in this forum is totally irrelevant to them and actually to the future of NXT.

We will only get the attention of the mass community of Bitcoiners if we come up with a marketing theme / campaign that engages people to adopt NXT.  The will not adopt NXT because it is better or technically superior.  They will only adopt NXT if it meets a need of theirs that Bitcoin does not already currently meet.  

This is why Doge is so popular and is even surpassing Bitcoin in many ways.  Doge meets a social need to feel connected to something warm and fuzzy that Bitcoin does not.

I am at a loss to figure out how NXT can pull off a similar viral meme feat.  But we need to figure that out, fast.



Thanks Mr. James. Sounds like it went well....Baby steps Cheesy

As far as Doge's warm and fuzzy meme and trying to replicate something similar..... We have a HULK!!! (AE)
full member
Activity: 221
Merit: 100
I decided to use my right not to follow BCNext's orders that I don't like (it's allowed by the contract).

I think we should sort out important things like TF, discuss BCNext's ideas and then decide if we want to implement them (Account Control particularly). No need to stick to the plan, IMHO. I'll wait for the 3rd (last) part.

Good. Do you have the 3 part yet? Do you have to wait for the 3rd to reveal?
legendary
Activity: 1205
Merit: 1000
It will get better :-)

Tai Zen
You're doing great! Nxt has a lot to thank to you!  Smiley
hero member
Activity: 784
Merit: 500
Any technical feedback on NXTmixer? Anybody?

I´ve asked k_day on #nxtalk if he could have a look at it. Let´s wait for the other tech guys to get online.
legendary
Activity: 1176
Merit: 1134
Any technical feedback on NXTmixer? Anybody?

Or non-technical feedback? How much would people be willing to pay in transaction fees per day to be part of anonymous payments? If txfees were 0.1, it would cost 3 NXT per month with daily clearance. That seems to be a reasonable fee. People could use it to pay for non-urgent stuff
newbie
Activity: 22
Merit: 0

We don't necessarily need to duplicate the SR model, we just have to find something that is equally useful. I would try a simpler design, where the buyer contacts the seller directly using encrypted messages. Information about reputable sellers is already discussed on the forums, so there is no need to publically announce who sells what.

1. Buyer sends message to query available products. Seller responds.
2. Buyer sends coins, name of product and physical address
3. Seller responds with order rejected or accepted.

I agree that having secure ways of mixing coins is not necessary, because there are already mixers for Bitcoin.

The question of having a reputation system and escrow is more tricky. I'm not sure that having a traditional feedback and escrow system is the best solution. Discussions on the forums already work as a kind of a reputation system.

Having a user-friedly client for this would be important.


EDIT: The seller-side software would run continuously on the seller's computer, keep track of the inventory and automatically respond to the buyers' queries.


If we have escrow AT (which has been discussed and is very possible) and a reputation system based on Tx id, with buyer/seller verified, (which will be added soon to clients) it will be close to possible.  I suggest decentralized marketplaces that are distributed with torrent like files downloaded to clients and then viewable via GUI.

I didn't understand what buyer/seller verified means.

I'm wondering if escrow/reputation is the best model for the SR type use case, and if there could be an alternative model.

Would the names of products and quantities sold be publicly available on the blockchain? Somehow I think this will draw unwanted attention.

How would disputes be resolved?  Outsiders can't know if the seller has sent the product. Either the seller or buyer can try to scam.

Seller can sell to himself and give good feedback.

Here's yet another idea: part of the payment before getting the product and part after. For new buyers for example 80% / 20%, for older customers 50% / 50%. The seller could set the algorithm. Even the prices could be lower for repeat customers. The software could automatically send each buyer an individualized offer.

full member
Activity: 238
Merit: 100
I decided to use my right not to follow BCNext's orders that I don't like (it's allowed by the contract).

I think we should sort out important things like TF, discuss BCNext's ideas and then decide if we want to implement them (Account Control particularly). No need to stick to the plan, IMHO. I'll wait for the 3rd (last) part.

i thought you said that a few days ago he bailed for good.  I assumed that meant that we would not even know the 3rd part of his plan.  Is he back, or did he give it to you?
full member
Activity: 238
Merit: 100
Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.
hero member
Activity: 784
Merit: 500
What is the plan we are not sticking to?

BCNext's one.

But what is that, exactly?
What is the content of it?
legendary
Activity: 2142
Merit: 1010
Newbie
What is the plan we are not sticking to?

BCNext's one.
full member
Activity: 238
Merit: 100
hero member
Activity: 784
Merit: 500
I decided to use my right not to follow BCNext's orders that I don't like (it's allowed by the contract).

I think we should sort out important things like TF, discuss BCNext's ideas and then decide if we want to implement them (Account Control particularly). No need to stick to the plan, IMHO. I'll wait for the 3rd (last) part.

What is the plan we are not sticking to?
full member
Activity: 238
Merit: 100
People want to hear confident leaders on a stage.
People want to hear confident leaders  on a stage.
People want to hear confident leaders  on a stage. 

Well, rickyjames, I think you are a pretty confident guy, do you want to be also a leader on a stage?  Grin

You know, I tried repeatedly to get on a stage to pitch NXT.   It's pretty clear that Paul Snow, the organizer of the conference, politely kept that from happening, altho he put me on an altcurency panel that he headed and ran quite well.  

The problem with putting a guy from NXT on a stage at this point is the current disconnect of the NXT group from the dev team master plan.   We need to get that straight before we go putting people on stage.  Are we a spendable coin?  Are we a Ripple?  Are we a science project?


The only way this issue will get resolved is if any of the big holders actually start hiring developers. WE NEED DEVELOPERS.
This community is SO centralized at the moment that we're 1 month from total collapse

Totally false.  We have 10M unclaimed Nxt to pay for developers.  Don't assume any stakeholder will donate 1 Nxt, that is a huge mistake and the wrong direction to take.  Failure of Nxt will have nothing to do with Stakeholders at this point.  We need to encourage Stakeholders to contribute any way they can, constantly berating them on this thread will only push them into hiding more.  Guys like Pouncer, Klee, etc.. have contributed great amounts to help us and BCNext has gifted us with 10M Nxt to use.  That is an incredible amount and we should all be thankful.
Well said,msin. Totally agreed!

I completely agree, 10 M is a lot and what better way to spend them than on developers. I said this same thing a day or two ago about our official client. Let's spend these 10M wisely. If we were thinking like this in January we would have had a client at this moment.
legendary
Activity: 2142
Merit: 1010
Newbie
I decided to use my right not to follow BCNext's orders that I don't like (it's allowed by the contract).

I think we should sort out important things like TF, discuss BCNext's ideas and then decide if we want to implement them (Account Control particularly). No need to stick to the plan, IMHO. I'll wait for the 3rd (last) part.
hero member
Activity: 784
Merit: 500
...

I think we belong to the crational part.
hero member
Activity: 834
Merit: 524
Nxt NEM

   Total: Fee earned 701996 NXT   
6483973064837388393 has mined 163299 NXT.
The 2nd is     4747512364439223888    with 101830 NXT.
In the table below is the top "miners" and their cumulative NXT amount and cumulative percentages.


In the forum was yesterday a nxt balance distribution: top100 has 82.7%
https://bitcointalksearch.org/topic/m.5034054
 
In mining/forging the distribution is worse: 4 accounts have mined 56.7%, 28 accounts have mined 90%, and 98 accounts 99% and 400 accounts 100%.



    Fee Earned       %                     TOP accounts
    cumulative  cumul.

   163163    23.2                6483973064837388393
   253458   36.1                4747512364439223888
   334469    47.6                12692935506199079028
   398066    56.7                9433259657262176905
   433008     61.7                2159498187382012684
   458350     65.3                2584657662098653454
   480373     68.4
   501797     71.5
   516684     73.6
   528616     75.3
   540357     77.0
   551740    78.6
   562741    80.2
   571905    81.5
   579116    82.5
   585703    83.4
   591579    84.3
   597233    85.1
   602481    85.8
   606923    86.5
   610916    87.0
   614900    87.6
   618815    88.2
   622026    88.6
   625180   89.1
   628267   89.5
   631337   89.9
   634377    90.4





Is that 6483973064837388393 some special account?
 it has had at maximum ~ 3 Million NXT, but it has earned fees almost double than those 50 Million's accounts.





Total: Fee earned 784334 NXT   :     82000 NXT more than in 11th Feb 
                                                      (is that increase possible? - otherwise some data error).


Cumulative % of
fee earned, starting from TOP1
        20.8
        34.3
        44.6
        53.4
        57.8
        61.9



TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 53.4% (less than before),
28 accounts have mined 88% (less),
and 98 accounts 97.9% (less) and
590 (more) accounts has forged 100%   i.e. 590 accounts has got some fees.


Something has made the distribution "better" ...   Smiley



7th Mar 2014
Total: Fee earned  801279 NXT   :     16000 NXT more than in 20th Feb  
                                                    

Cumulative % of
fee earned, starting from TOP1
        20.4
        34.1
        44.2
        52.8
        57.2
        61.3


TOP's share is smaller than earlier.
In mining/forging the distribution is now:
4 accounts have mined 52.8 % (less than before),
28 accounts have mined 87.4 % (less),
and 98 accounts 97.7 % (less) and
658 (more) accounts has forged 100%   i.e. 658 accounts has got some fees.


So ... distribution is going on, but very slowly.
newbie
Activity: 37
Merit: 0
People want to hear confident leaders on a stage.
People want to hear confident leaders  on a stage.
People want to hear confident leaders  on a stage. 

Well, rickyjames, I think you are a pretty confident guy, do you want to be also a leader on a stage?  Grin

You know, I tried repeatedly to get on a stage to pitch NXT.   It's pretty clear that Paul Snow, the organizer of the conference, politely kept that from happening, altho he put me on an altcurency panel that he headed and ran quite well.  

The problem with putting a guy from NXT on a stage at this point is the current disconnect of the NXT group from the dev team master plan.   We need to get that straight before we go putting people on stage.  Are we a spendable coin?  Are we a Ripple?  Are we a science project?


The only way this issue will get resolved is if any of the big holders actually start hiring developers. WE NEED DEVELOPERS.
This community is SO centralized at the moment that we're 1 month from total collapse

Totally false.  We have 10M unclaimed Nxt to pay for developers.  Don't assume any stakeholder will donate 1 Nxt, that is a huge mistake and the wrong direction to take.  Failure of Nxt will have nothing to do with Stakeholders at this point.  We need to encourage Stakeholders to contribute any way they can, constantly berating them on this thread will only push them into hiding more.  Guys like Pouncer, Klee, etc.. have contributed great amounts to help us and BCNext has gifted us with 10M Nxt to use.  That is an incredible amount and we should all be thankful.
Well said,msin. Totally agreed!
legendary
Activity: 1176
Merit: 1134
James is a machine.

I want this thing that he smokes too.
What do you think of NXTmixer? Let us assume we can ignore quantum computers that can peek inside the encrypted data. With everybody broadcasting, there is no time based correlations. I could even make it so everybody has to send the same multiple of 100NXT, but I dont think that is necessary.

What am I missing? I couldnt have come up with a working mixer in a day?!

James
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