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5 Million NXT bounty for Nxt & Ardor Forgers singapore
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Author Topic: 5 Million NXT bounty for Nxt & Ardor Forgers  (Read 121449 times)

OutSL

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #60 on: July 04, 2016, 07:06:20 am »

Hello World  :D

If only 10% of this fund was invested in the development of what is requiered to implement NXT in the OpenSimulator based virtual worlds... NXT will never die because it will be used by the metaverse / Hypergrid users / grids...
this is the list of the active grids (servers / OpenSim hypergrid nodes)
http://www.hypergridbusiness.com/statistics/active-grids/

the list above is just a list based on the known grids... and as you see they are a total of 278 potential new NXT nodes and forgers

as daily active users, you can get an estimation by filtring the data here:
http://www.hypergridbusiness.com/statistics/

I don't even know how many times i have said it since my first day with NXT... implementing the NXT in a Virtual Reality platform is a sure future for NXT.
https://nxtforum.org/index.php?topic=10328.0
https://nxtforum.org/nxt-projects/(nxt3d)-the-nxt-community-3d-virtual-world/
the OpenSimulator as project and the virtual worlds based on it are the best choice to start with...
i hope the new marketers in the NXT team will understand what i am talking about and help me to light your way...

NOTE!: i don't ask you to give the money to me or to my project https://nxt3d.net/ !!! (even if needed for the promotion and some 3D elements/Licences purchases)...

just place 500k NXT in an account under your controle, name it " OpenSimulator Dedicated Devlopement Fund" and let me promote it in the metaverse circles... the interested guys and ladies will contact you via the wallet by sending a message to the fund account or post here in the forum (experienced fresh new users ;D) and i will show them what is requiered... i will write a dedicated post and documentations if you accept to help on this

Thank you and @++
« Last Edit: July 04, 2016, 07:31:07 am by OutSL »
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Megalodon

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #61 on: July 04, 2016, 12:18:19 pm »

However, I don't understand how you intend to convince users to setup more nodes ?Just sending random transaction fees would benefit the large stake holders who forge, but how do we incentivize small stake holders to run their own node ?

This campaign will be running over a very long period of time starting from snapshot all the way till after Ardor blockchain has been launched. To participate in the "forging fee lottery", small to medium stake holders will be motivated to set up a dedicated node (VPS or Pi or Odroid) rather than running it off & on using their PCs. Very small stake holders my just lease to a pool.


Did you consider to buy some NSC assets https://nxtforum.org/assets-board/(ann)-nxt-security-coin-(nsc)-get-paid-for-supporting-the-nxt-network!/msg64183/#msg64183 ?

That's a good idea! Currently, there is already a buy order for MS NSC. Are you suggesting putting up a higher price buy order? Any suggestions from abctc & EmoneyRu are welcomed.
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Megalodon

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #62 on: July 04, 2016, 12:18:42 pm »

I am proposing to modify megalodon plan (not the Nxt system consensus) to limit his special limiting time forging reward only to acount with, let say 1M in NXT holding or less.
It'll really be good to focus the reward on forging stakes below 1M. We want these smaller holders to be actively forging. However, we need to encourage another 300M NXT or almost double current forging stake, and they have to come from medium to large holders. Unlikely holders below 1M will be able to raise the total forging stake to the 60-70% range. So, this 1M NXT limit may be too low. Other strategies are welcomed. BTW, Mr. 47 and another large holder have graciously opted-out of the campaign.

On a separate note, there is a possibility that larger holders may still be not forging due to security or inconvenience. @Riker, is there any reason why the max lease period cannot be increased further, possibly with an option to terminate the lease at anytime by the leasor? This way, they just need to do one lease without having to renew frequently.
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Megalodon

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #63 on: July 04, 2016, 12:24:18 pm »

just place 500k NXT in an account under your controle, name it " OpenSimulator Dedicated Devlopement Fund" and let me promote it in the metaverse circles... the interested guys and ladies will contact you via the wallet by sending a message to the fund account or post here in the forum (experienced fresh new users ;D ) and i will show them what is requiered... i will write a dedicated post and documentations if you accept to help on this

Thank you and @++

Thank you for the suggestion. I have not been following this project and have no idea how that can help increase nodes & forging power. Most appreciate if you could help clarify. Any method/project that can contribute towards the objectives of this campaign are welcomed.
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neofelis

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #64 on: July 04, 2016, 12:59:17 pm »

Since the forging order is pretty much known in advance, can't the large fees be directed and sent only when a node with a certain amount is up next for a block? That way the larger forgers are skipped and don't have to think to go back and return the funds.
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ThomasVeil

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #65 on: July 04, 2016, 08:49:11 pm »

I'm behind a router that I don't have access to. Does that mean I can't run a forging node (as I can't open the port)? Or does it just stopping me from being hallmarked.

Does anyone have an answer to my question on cloud-based nodes? Maybe I have to make a new thread for it - I'm sure this method was possible at some point.

I'm forging to a pool right now and that cannot be cancelled  :'(
Do I qualify?

Since I don't see an answer yet: You can always cancel by moving your funds to another address. Then (after the balance becomes confirmed) you can forge again.
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OutSL

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #66 on: July 05, 2016, 05:09:07 am »

Hello World  :D
just place 500k NXT in an account under your controle, name it " OpenSimulator Dedicated Devlopement Fund" and let me promote it in the metaverse circles... the interested guys and ladies will contact you via the wallet by sending a message to the fund account or post here in the forum (experienced fresh new users ;D ) and i will show them what is requiered... i will write a dedicated post and documentations if you accept to help on this

Thank you and @++

Thank you for the suggestion. I have not been following this project and have no idea how that can help increase nodes & forging power. Most appreciate if you could help clarify. Any method/project that can contribute towards the objectives of this campaign are welcomed.

In reality, was a request and not a suggestion but reconsidering the situation and knowing the ecosystem as i know it, i found that was extremely egoist to ask something like this even if the potential of an implementation and adoption as returns is promising...

In my NXT user lifetime and as nxt related service manager, they was only 2 times when an important amount of money was () available that can serve to pay for the development of the implementation of NXT in OpenSimulator virtual worlds...
First time was when Bas was shutting down the Lyth project, i asked him to re-invest a part on this but it's situation was delicate and he did what is politically correct with respect to its investors and asset holders... and talking about the NXT3D Project was a pure speculation unlike now... i have proofs for what you want  ;D
https://nxt3d.net/
https://nxt3d.net/en/step-by-step-guide

second time is now with this bounty but please, let the NXT3D Project at the very end of the list of the things that can be covered by this funds...

Today, i was like if i was hypnotized by this question:
If i had 5 Millions of NXTs dedicated to the promotion of the NXT/Ardor platforms, what are the things where investing on it will give a better result ? and in what timeframe ?

My answer is like this:
1) allocate funds and resources to the NXT Foundation and the Tennessee Project...
https://nxtforum.org/index.php?topic=10334.msg210490#msg210490

as you see in the OFFICIAL NXT/ARDOR OFFICE pictures... Damelon , EvilDave and the other guys are working with empty hands as tools to do this:
https://www.youtube.com/watch?v=brpCQGd6CKY
https://www.youtube.com/channel/UCZUljIZUHCzZpyd1ziwlmaA

and as you see, this is so important to be neglected and this kind of meeting and contacts with the market professionals will be more important when the Ardor platform will be available...
To be in a correct working environnement, the NXT Foundation and Tennessee Project need...:

- 2 or 3 decent low cost notebooks that will be used in the meetings and for the collaborative team works...

- A video projector... as you have noted in the meetings... the image on the screen is never correct because of the projector settings and the PC resolution... with them own video projector, the NXT team will be able to do a pretty cool presentations just because they know well them tool and they have the full right to manipulate it for the screen size and the quality settings...

- 2 or 3 bluetooth headset hands free microphones... they are like the phones ones but for the voice presentations... maybe a full audio system to override the audio system provided by the meeting space... exist a very powerful low cost home cinema stuff in the market...

- 2 or 3 tablets for the presenters... that can serve to remote controle the projector... get the info under the eyes in addition that give a sexy look in the scene  ;D

- 1 professional/industrial color lazer printer that will be used to print the promotional documentations or the documentation coverages... invitation to meetings... NXT/Ardor posters...

- 1 monochrome photocopier for the mass print...
NOTE!: the model of the printer/photocopier is based on the page cost... less is the tonner price for more of pages prints ... is the best ratio

the NXT/Ardor office needs is long... ask to Damelon and EvilDave... ( add a green plant from my part  ;D)

2) The NXT/Ardor mediatization and marketing.
Do you know!, many people think that the edition and the publication of the press releases or the edition of the presentation videos are free but they are not!
one of the things that is really missed is the NXT/Ardor some professional marketing tools... banners, flyers, presentation videos, video tutorials, podcasts... all what can serve to the promotion... in big quantity with multiple templates and subjects...
all this requiere a big fat amount of money! and publish it requiere more money if you want the best audiances and trafic... do you know how much cost 30 seconds of advertising in an economic TV?

3) after the above, if there still funds... you can do a forgers bounty or allocating funds to support the major projects... you know... ;)

Thank you and @++
« Last Edit: July 05, 2016, 05:17:02 am by OutSL »
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Riker

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #67 on: July 05, 2016, 07:01:52 am »

However, I don't understand how you intend to convince users to setup more nodes ?Just sending random transaction fees would benefit the large stake holders who forge, but how do we incentivize small stake holders to run their own node ?

This campaign will be running over a very long period of time starting from snapshot all the way till after Ardor blockchain has been launched. To participate in the "forging fee lottery", small to medium stake holders will be motivated to set up a dedicated node (VPS or Pi or Odroid) rather than running it off & on using their PCs. Very small stake holders my just lease to a pool.


I don't think the expectation that large stake holders would re-donate these "forging fee lottery" fees to smaller forgers is realistic.
So most of these fees will make the rich richer and I doubt it will benefit forging power in any significant way.

Quote
Did you consider to buy some NSC assets https://nxtforum.org/assets-board/(ann)-nxt-security-coin-(nsc)-get-paid-for-supporting-the-nxt-network!/msg64183/#msg64183 ?

That's a good idea! Currently, there is already a buy order for MS NSC. Are you suggesting putting up a higher price buy order? Any suggestions from abctc & EmoneyRu are welcomed.


I would also change the NSC algorithm so that it rewards any public node (not just hallmarked), perhaps provide somewhat higher rewards to hallmarked nodes.
I would also consider higher rewards for archival nodes, we need these nodes as well.

Regarding leasing, currently the leasing period is saved in a Java short data type which means 65536 blocks is the longest leasing period we can support. Any changes to this would require a hard fork and also requires sensitive and time consuming database changes.
Creating a lease transaction can be done without sending your passpphrase and even on an offline computer so shouldn't be a big risk.
Perhaps we should invest in making this process well document and simpler so that it is more widely used.

I also second OutSL idea of investing some of these funds into the NXT foundation.
More ground work by the foundation will bring more users which would setup more forging nodes so indirectly helping your goal.

Perhaps consider the following investment:
2M - forging fee lottery
2M - buy wall for NSC MS tokens
1M - donation to the NXT foundation
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Sebastien256

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #68 on: July 05, 2016, 10:48:18 am »

A bit out of topic, but...

I would also consider higher rewards for archival nodes, we need these nodes as well.

I personally stopped running an archival node because I can't remember between each release on how to setup it. Please consider adding a checkbox during the installation process. Leave it unchecked by default. I would certainly choose the archival node option if it was easily available. I'm sure others people would do the same.
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Brangdon

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #69 on: July 05, 2016, 07:54:54 pm »

On a separate note, there is a possibility that larger holders may still be not forging due to security or inconvenience. @Riker, is there any reason why the max lease period cannot be increased further, possibly with an option to terminate the lease at anytime by the leasor? This way, they just need to do one lease without having to renew frequently.
The reason usually given is security. If someone acquires 51% of the forging power by way of leases, they can choose which transactions to include in blocks. The fear is that they could retain their dominance forever by rejecting transactions that would reduce their forging power. Having leases expire automatically, without needing a transaction, means that leased power will eventually inevitably fade.

However, I don't think there's any reason why leases can't be renewed automatically, by a process that runs on the node similar to the shuffler, that issues the needed transactions. Adding this wouldn't involve any network protocol changes, so wouldn't need a hard fork. It "just" needs someone to write the code and the UI.

I would love to know the reasons why some whales don't forge. We've speculated about it endlessly. If I knew any large non-forgers, I'd ask them.
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OutSL

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #70 on: July 05, 2016, 08:26:59 pm »

Hello World  :D
...
Perhaps consider the following investment:
2M - forging fee lottery
...

i think this will be a big fat mistake because there is some problems in forging system... maybe hacked!
eg; from the beginning of 2015 at today , i forged 1 single block... using my own comuter and the NXT3D node https://nxt3d.net:7876/index.html
if you take a look in the blockchain, you will find an account with ~7000NXT forging ~10% of the daily blocks... mean you will give 200k NXT to this account if you do the 2M forging fee lottery...
i found too some account forging with less than 1000NXT as effective balance !!!

Thank you and @++
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Riker

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #71 on: July 05, 2016, 08:38:25 pm »

Hello World  :D
...
Perhaps consider the following investment:
2M - forging fee lottery
...

i think this will be a big fat mistake because there is some problems in forging system... maybe hacked!
eg; from the beginning of 2015 at today , i forged 1 single block... using my own comuter and the NXT3D node https://nxt3d.net:7876/index.html
if you take a look in the blockchain, you will find an account with ~7000NXT forging ~10% of the daily blocks... mean you will give 200k NXT to this account if you do the 2M forging fee lottery...
i found too some account forging with less than 1000NXT as effective balance !!!

Thank you and @++

Please read about account leasing https://nxtwiki.org/wiki/Account_Leasing
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NxtSwe

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #72 on: July 05, 2016, 08:39:42 pm »

Hello World  :D
...
Perhaps consider the following investment:
2M - forging fee lottery
...

i think this will be a big fat mistake because there is some problems in forging system... maybe hacked!
eg; from the beginning of 2015 at today , i forged 1 single block... using my own comuter and the NXT3D node https://nxt3d.net:7876/index.html
if you take a look in the blockchain, you will find an account with ~7000NXT forging ~10% of the daily blocks... mean you will give 200k NXT to this account if you do the 2M forging fee lottery...
i found too some account forging with less than 1000NXT as effective balance !!!

Thank you and @++
Are you referring to this account? https://nxtportal.org/accounts/47475721164246888
If so it has a balance of 7k NXT, but effective balance of 50M NXT since this account (probably himself) leased him 50M NXT.
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OutSL

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #73 on: July 05, 2016, 09:15:21 pm »

Hi again  :D
Hello World  :D
...
Perhaps consider the following investment:
2M - forging fee lottery
...

i think this will be a big fat mistake because there is some problems in forging system... maybe hacked!
eg; from the beginning of 2015 at today , i forged 1 single block... using my own comuter and the NXT3D node https://nxt3d.net:7876/index.html
if you take a look in the blockchain, you will find an account with ~7000NXT forging ~10% of the daily blocks... mean you will give 200k NXT to this account if you do the 2M forging fee lottery...
i found too some account forging with less than 1000NXT as effective balance !!!

Thank you and @++

Please read about account leasing https://nxtwiki.org/wiki/Account_Leasing
Hello World  :D
...
Perhaps consider the following investment:
2M - forging fee lottery
...

i think this will be a big fat mistake because there is some problems in forging system... maybe hacked!
eg; from the beginning of 2015 at today , i forged 1 single block... using my own comuter and the NXT3D node https://nxt3d.net:7876/index.html
if you take a look in the blockchain, you will find an account with ~7000NXT forging ~10% of the daily blocks... mean you will give 200k NXT to this account if you do the 2M forging fee lottery...
i found too some account forging with less than 1000NXT as effective balance !!!

Thank you and @++
Are you referring to this account? https://nxtportal.org/accounts/47475721164246888
If so it has a balance of 7k NXT, but effective balance of 50M NXT since this account (probably himself) leased him 50M NXT.

Thank you for your explanation, i understand better the why of this "forging in turbo mode"  ;D

but somewhere the problem is the same... a 50M account will get 200k NXT and the community will grow by 0 new user/node as result...
if i had 200k NXT and i want more users/nodes as result... i will divide this amount to 2 parts:
- a marketing part 25-30%
- a bounty part distributed as 100NXT gift / new user....
i will use the marketing part to edit and publish a kind of "Discover the NXT Financial Platform: Get your 100NXT welcome gift" message... you know... marketing and products image building...

Thank you and @++
« Last Edit: July 05, 2016, 10:45:27 pm by OutSL »
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ThomasVeil

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #74 on: July 06, 2016, 08:04:33 am »

but somewhere the problem is the same... a 50M account will get 200k NXT and the community will grow by 0 new user/node as result...

This effort wasn't about getting new users directly. It's about getting nodes - and probably already achieved that to a degree, as evidenced in this thread.
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shugo

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #75 on: July 06, 2016, 08:11:23 am »

I set up a node yesterday on my raspberry pi 3. How do I know/see if my node is in the Network? Is there a list of all nodes?

And where do you see, if you already forged some NXT?
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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #76 on: July 06, 2016, 08:17:40 am »

I set up a node yesterday on my raspberry pi 3. How do I know/see if my node is in the Network? Is there a list of all nodes?

And where do you see, if you already forged some NXT?

Peerexplorer.com

Your account will increase by forged NXT or you can check it in account ledger under the dashboard or clicking on more info in blocks and then "forged by you".
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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #77 on: July 06, 2016, 10:00:13 am »

Hi again  :D
but somewhere the problem is the same... a 50M account will get 200k NXT and the community will grow by 0 new user/node as result...

This effort wasn't about getting new users directly. It's about getting nodes - and probably already achieved that to a degree, as evidenced in this thread.

yes I understand and I'm not against the idea of a bounty for the forgers but like me, you know that there are so many things that are vital to the future of NXT and Ardor and requiere immediate attention like the last marketing effort and its effect on the markets and the appreciation of the people of this wonderful platform ... the marketing effort stoped and as you see what is happening in the markets...

on the top of the list of the important things, there is our human capital starting by the Core Devs and the community administrators and managers... traders... forgers... and end with the last person that join us.

i am not talking about the financial capacity of the community but about what the people have in them minds and hearts... as personal qualities and skills...

to make this human capital grow (number of the forging nodes too), we need to inform the mass about the existance of NXT/Ardor (include forging in the lot) in a modern and profesional way... with the best as possible as marketing contents... and the guys that work on it are the NXT foundation & the Tennessee Project...

as i said, this important components of the NXT structure/infrastructure need technical resources and funds allowing them to work in a correct conditions... every investment on this vital organizations is a long term and solide investment because the product and the results will be used for years and will constite a solid base for the Ardor starting

i want to hear from Bas, Dave, alex0909, futuraprocessa and the others  :-X
what do you think about my suggestion?

Thank you and @++
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4747...888

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #78 on: July 06, 2016, 10:29:25 am »

but somewhere the problem is the same... a 50M account will get 200k NXT and the community will grow by 0 new user/node as result...

Nope

https://www.mynxt.info/transaction/6538306849850570362

BTW, Mr. 47 and another large holder have graciously opted-out of the campaign.

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #79 on: July 06, 2016, 11:24:27 am »

but somewhere the problem is the same... a 50M account will get 200k NXT and the community will grow by 0 new user/node as result...

Nope

https://www.mynxt.info/transaction/6538306849850570362

BTW, Mr. 47 and another large holder have graciously opted-out of the campaign.

Thanks 4747...888  :)
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