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rudeboi

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Launching the Monetary System (1.4)
« on: December 23, 2014, 10:42:20 pm »



The Press Release:

Create a new currency in 2 minutes with the Nxt Monetary System

Nxt’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of Nxt – will go live on 10 January 2015.

The Monetary System (MS) allows users to launch new currencies, securing them with the Nxt blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the Nxt platform, without the need for an external two-way peg.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customizable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but remarkably flexible.

The full list of parameters (with potential use cases) includes:

•   Exchangeable: Currencies can be exchanged all within the Nxt platform or on traditional exchanges, each identified by unique name and ticker symbols (e.g. BTC, USD).
•   Controllable: Currencies may optionally only be traded with the issuing account (e.g. backed tokens such as gift vouchers).
•   Reserveable: Currency units are released and distributed if funding requirements are met within the given timescale, if not funds are automatically returned (e.g. crowdfunding).
•   Claimable: Reserveable units can later be exchanged at an agreed rate.
•   Mintable: Currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by Nxt's proof-of-stake algorithm.
•   Shuffleable: Coins can be shuffled when this feature is implemented (anonymity).

Macro implications
The Monetary System improves the distribution of wealth across the Nxt ecosystem, each currency unit possessing its own financial value.

MS also allows for the further decentralization of cyptocurrency and the wider economic landscape, achieved by:

•   Importing: First generation cryptocurrencies can transition into an MS currency, allowing them to take advantage of the many powerful features of the Nxt platform and ecosystem – including the Asset Exchange, Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.
•   Exporting: In the future a whole economy based on a MS currency could be transferred out of the Nxt system to another platform should the necessity arise.

For more information and to try for yourself please visit www.nxt.org.
***********

This press release is going to be circulated by BitcoinPRBuzz to all major outlets just before MS goes live.

How can you help?

Creation of a MS media  [Pictures Needed] Post your pictures in this thread, best one will become the 'official' one used on Nxt.org.

If you have any contacts within the Media, please send the press release to them.

Know of any smaller/niche sites you want us to mentioned on? Send them the PR or PM their email address and I'll send from a @Nxt.org address. 

Positively comment on any published articles about MS (post any articles in this thread and I'll update here):
https://bitscan.com/articles/onetary-system-minting-crypto-coins-for-mass-use

Social Media - Comment, Like, Upvote etc any MS related talk (let me know any links BCT, Facebook, Reddit, Twitter and I'll list them here):
https://www.thunderclap.it/projects/20959-create-your-own-cryptocurrency

Everyone else with a Facebook/Twitter/Tumblr account visit the above link and support!
« Last Edit: January 08, 2015, 08:08:23 am by rudeboi »
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google98

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Re: Launching 1.4
« Reply #1 on: December 23, 2014, 10:47:21 pm »

imho most important for any ad: cathy usecases!

tbh, I dont grasp all the advantages MS is good for so we need to think about the critical btc/average joe masses outside...

btw: when will 1.4 be launched?
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rudeboi

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Re: Launching 1.4
« Reply #2 on: December 23, 2014, 10:59:17 pm »

imho most important for any ad: cathy usecases!

tbh, I dont grasp all the advantages MS is good for so we need to think about the critical btc/average joe masses outside...

btw: when will 1.4 be launched?

1.4 is currently available on the test net (Beta), it will launch on main net when all bugs are worked out, but going by the speed of our devs we might not have long  ;D
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cr7yp

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Re: Launching 1.4
« Reply #3 on: December 24, 2014, 01:01:30 am »

Why don't we put some money from the marketing fund and hire some real good marketing guys for the launch?
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natty

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Re: Launching 1.4
« Reply #4 on: December 24, 2014, 07:06:51 am »

My idea is promoting NXT-based PoW 2.0 currencies to PoW 1.0 miners comparing the two PoW varieties.

Traditional Proof-of-Work 1.0, 1.1 crypto currencies: BTC, LTC/DOGE, XMR/BBR

+ more wide adoption (mostly by speculators except for Bitcoin);
+ more sophisticated mining tools;
+ more developed markets, again, this is largely valid for Bitcoin, markets for other PoW 1.0 currencies are few;
- the biggest disadvantage of a traditional PoW 1.0 coin is the large decentralized hashrate required to secure the blockchain;
- centralized exchange markets prone to shutdowns, hacks;

NXT-based Proof-of-Work 2.0 crypto currencies:

+ NXT secures PoW 2.0 transactions integrity. Hashrate of a PoW 2.0 coin can drop to zero and then resume again, but the NXT-based PoW 2.0 coin will not be affected; 51%, selfish-mining, double-spending attacks are not possible in a NXT-based PoW 2.0 coin;
+ decentralized exchange booths: each miner can be an exchange bank/booth and set exchange rates to sell/buy coins;
+ choose from 4 available mining algorithms: sha256, scrypt, sha3, keccak;
+ easy to create your own PoW 2.0 coin;
- basic mining tool, not optimized for CPU/GPU/ASIC yet;
- no markets yet, as the NXT technology is very young;

Feel free to add to the list and post it on crypto currency forums.
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crimi

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Re: Launching 1.4
« Reply #5 on: December 24, 2014, 11:30:02 am »

http://www.cbsnews.com/videos/will-digital-currency-go-mainstream/

Thats a good use case for a monetary system currency. She made her own currency so people get rewarded to clean up places in her city, because government doesnt spend enough tax money on cleaning anymore.
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POPPP

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Re: Launching 1.4
« Reply #6 on: December 24, 2014, 11:47:07 am »

Hi :)
I'm developing a LETS plateform using MS coin, with a special page to promote how to create a coin.
Every "local network leader" will be abble to create their currency and to use the plateform.
I need to implement NXT API using MS currency, i dont know yet if its possible to use MS currency throught the NXT API ?

I need help here : https://nxtforum.org/monetary-system/lets-system-global-transition-plateform-using-nxt-ms-coin/

If you think its a good idea,
I need support here : https://nxtforum.org/marketing-committee/%28mc%29-lets-global-plateform-using-mscoin/
if you think its a good idea, please write you are supporting me.

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google98

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Re: Launching 1.4
« Reply #7 on: December 24, 2014, 12:16:58 pm »

I've just had an idea:

Could we come up with a little HTML/java-site (implemented on NXT.org etc) which takes interested users on a little tour (like a FAQ):

Why do we need Monetary System?

(little explanation, then you can click the next question:)

But we already have hundreds of altcoins?!

(little explanation, then you can click the next question:)

Do I need Bitcoins for this?

(little explanation, then you can click the next question:)

Can my own coins be mined with a mining rig?

(little explanation, then you can click the next question:)

...


We'd need some questions which standard users would ask.
Technical effort is low, potential outcome high because we could refer to this little FAQ every time such questions arise
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barbierir

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Re: Launching 1.4
« Reply #8 on: December 24, 2014, 01:02:35 pm »

I wonder if it possible for an already existing cryptocurrency to be "imported" into the Nxt's Monetary System with the current balances of its users. Maybe it could be done this way:
1. Coin XYZ is dying, the community agrees to switch over Nxt
2. A future block is agreed upon to serve as point of reference
3. A trusted member uses the MS to create a new coin XYZms with a number of currency units equal to those existing at the time of the reference block
4. A website is setup where coin XYZ users can register a token proving ownership of a XYZ address and their Nxt address
5. Users receive a number of XYZms equal to those in their balance at the time of the reference block

In fact this could be done as a simple marketing ploy: we create in this way a corresponding DOGEms, LTCms or BTCms and invite all users to claim their balance of the new coin :D people like to receive free coins, even if worthless, and they will have a try at Nxt


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POPPP

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Re: Launching 1.4
« Reply #9 on: December 24, 2014, 05:37:17 pm »

Yes this is a good idea :D i was thinking of this also : create a swap website to revival died crypto and  promote this :) already existing member.
 
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ShawnLeary

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Re: Launching 1.4
« Reply #10 on: December 24, 2014, 06:03:08 pm »

There are many coins stuck in the LTC only trading pairs due to their value being less than 1 satoshi.  These would be prime targets for MS transfer. 
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Tosch110

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Re: Launching 1.4
« Reply #11 on: December 24, 2014, 06:13:33 pm »

Categories and a few starter ideas
Advertising:
Creation of a banner
Slogans e.g.: Create a currency in 2 mins, Nxt alternative to Sidechains
Paid advertising? e.g. BCT, CMC, Coindesk

good ideas! But aren't BCT, CMC and Coindesk the platforms we already advertise a lot on? We could use some new paths, where there is a lot of user and interest but the people do not know yet about NXT.

http://finance.yahoo.com/
http://www.nytimes.com/
...
dunno but maybe worth a try?

barbierir

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Re: Launching 1.4
« Reply #12 on: December 24, 2014, 07:40:48 pm »

There are many coins stuck in the LTC only trading pairs due to their value being less than 1 satoshi.  These would be prime targets for MS transfer.

One of such coins would be good to showcase a working example
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Nxtblg

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Re: Launching 1.4
« Reply #13 on: December 24, 2014, 09:29:37 pm »

I wonder if it possible for an already existing cryptocurrency to be "imported" into the Nxt's Monetary System with the current balances of its users. Maybe it could be done this way:
1. Coin XYZ is dying, the community agrees to switch over Nxt
2. A future block is agreed upon to serve as point of reference
3. A trusted member uses the MS to create a new coin XYZms with a number of currency units equal to those existing at the time of the reference block
4. A website is setup where coin XYZ users can register a token proving ownership of a XYZ address and their Nxt address
5. Users receive a number of XYZms equal to those in their balance at the time of the reference block

In fact this could be done as a simple marketing ploy: we create in this way a corresponding DOGEms, LTCms or BTCms and invite all users to claim their balance of the new coin :D people like to receive free coins, even if worthless, and they will have a try at Nxt

That's a darn good idea!
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Damelon

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Re: Launching 1.4
« Reply #14 on: December 24, 2014, 11:17:52 pm »

I like the way Noblecoin is already halfway there with NoXT: https://bitcointalk.org/index.php?topic=841741.280

They are opting for a hybrid option where Noblecoin and NoXT exist at the same time.

I see much more options here than just "moving over to the Nxt blockchain".

Nxt is modular, and so it stands to reason that you can create very intricate on- ánd offchain combinations depending on the project.

Thát's where the power of Nxt lies for me: not just the obvious like issuing shares and currencies, but creative use of the basic features that do much, múch more than is obvious at first glance.
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rudeboi

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Re: Launching 1.4
« Reply #15 on: December 28, 2014, 10:12:02 pm »

Edit by Berzerk: I will post a more concrete plan next week. This week was a holiday week for the Nxt Org. :)

1.4 will be released on mainnet at block 330,000, so that is just less than 2 weeks away.

So lots of work to do in not much time.

Advertising Fund:

If you want to contribute please send some NXT to NXT-78GJ-U62B-E7V2-3T6QY. The Nxt Org will match all donations :)

These funds will be used to to place adverts, most likely on multiple crypto news sites and paid articles as they are quite cheap compared to a single advert on BCT (which costs 3.3BTC for 1 week!)

If for any reason advertising doesn't go ahead all funds will be returned.

Press Release:

We need someone to write a press release for MS, approx 500 words. And we will send this to all crypto news sites, we also need email addresses of the sites you want us to send to.


Thanks for anybody that has contributed to this thread, I will update the OP with the relevant info.
« Last Edit: December 29, 2014, 09:00:01 pm by Berzerk »
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Fatih87SK

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Re: Launching 1.4
« Reply #16 on: December 28, 2014, 10:20:57 pm »

1.4 will be released on mainnet at block 330,000, so that is just less than 2 weeks away.

So lots of work to do in not much time.

Advertising Fund:

If you want to contribute please send some NXT to NXT-FH5B-9Y5F-DXP8-3Y3YK. The Nxt Org will match all donations :)

These funds will be used to to place adverts, most likely on multiple crypto news sites and paid articles as they are quite cheap compared to a single advert on BCT (which costs 3.3BTC for 1 week!)

Press Release:

We need someone to write a press release for MS, approx 500 words. And we will send this to all crypto news sites, we also need email addresses of the sites you want us to send to.


Thanks for anybody that has contributed to this thread, I will update the OP with the relevant info.
Maybe this article can help a bit;

https://bitscan.com/articles/onetary-system-minting-crypto-coins-for-mass-use
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rudeboi

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Re: Launching 1.4
« Reply #17 on: December 28, 2014, 10:37:54 pm »

Also need:

Creation of any MS media

Pictures are always good for any news websites to use in their articles, adverts, Nxt.org or BCT thread.

Sites to send the press release to 

We need a list of email addresses for us to send the press release to. Want us to appear on a certain news site then pop it in this thread.
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juicyjuice87

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Re: Launching 1.4
« Reply #18 on: December 28, 2014, 10:58:39 pm »

I get paid on the 15th. So could you please realese it after that date. Thanks
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rudeboi

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Re: Launching 1.4
« Reply #19 on: December 28, 2014, 11:17:04 pm »

The release date is set to block number, which I think will be before the 15th.
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Cassius

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Re: Launching 1.4
« Reply #20 on: December 29, 2014, 09:37:51 am »

I can write a PR; PM me if this would be helpful.
The BitScan article received more pageviews than almost any other on the site, so it seems this could be a popular subject. It may be worth doing some keyword research too.
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Re: Launching 1.4
« Reply #21 on: December 29, 2014, 10:04:27 am »

I wonder if it possible for an already existing cryptocurrency to be "imported" into the Nxt's Monetary System with the current balances of its users. Maybe it could be done this way:
1. Coin XYZ is dying, the community agrees to switch over Nxt


If the alt coins are going to change the way we bank, and they are, and we compare the early internet to the early cryptocurrencies, then perhaps we are at the point when each town has it's own Internet Service Provider and everyone in town has a 2400 baud modem.  When the big alt coins start buying up all the small alt coins, then the cryptos are starting the transition to 'high speed'.

Identifying the best way to achieve this buy-out, and transfer value, will be a turning point in the race for dominance.

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rudeboi

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Re: Launching 1.4
« Reply #22 on: December 29, 2014, 07:44:31 pm »


I can write a PR; PM me if this would be helpful.
The BitScan article received more pageviews than almost any other on the site, so it seems this could be a popular subject. It may be worth doing some keyword research too.

Nice one, PM sent.
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Cassius

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Re: Launching 1.4
« Reply #23 on: December 29, 2014, 07:56:15 pm »

Got it, will post something here when I'm done (hopefully will get something finished tomorrow).
Any links that might be useful, drop them here :)
Thanks!
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Cassius

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Re: Launching 1.4
« Reply #24 on: December 30, 2014, 11:30:32 am »

NXT Monetary System enables custom coin creation in two minutes

NXT’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of NXT – has gone live.

The Monetary System (MS) allows users to launch new currencies, securing them with the NXT blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. Coins are created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customisable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but extremely flexible.

The full list of parameters (with potential use cases) includes:
  • Exchangeable: currencies can be exchanged back into NXT.
  • Controllable: currencies may only be traded with the issuing account (backed tokens).
  • Reserveable: currency units are released and distributed at a given block height, if funding requirements are met (crowdfunding).
  • Claimable: reserveable units can later be exchanged at an agreed rate (coin shuffling).
  • Mintable: currencies can be minted by proof-of-work, whilst still secured by NXT’s proof-of-stake algorithm  (initial distribution).
  • Shuffleable: coins can be shuffled when this feature is implemented (anonymity).
Ticker symbols
Coin ticker symbols can be three, four or five letters long. There is a 25,000 NXT fee for reserving three-letter symbols to avoid squatting or frivolous use of popular names (such as EUR, USD, GBP, etc), with four-letter names costing 1,000 NXT and five-letter names 40 NXT. Once issued, currencies can be traded on traditional exchanges or on NXT’s decentralised Asset Exchange.


The Monetary System (MS) went live at block 330,000 and is one of a large number of popular and powerful features built into the core of NXT – including the Asset Exchange, Digital Marketplace and Alias registration, as well as a fast-growing list of third-party applications and services.
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rudeboi

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Re: Launching 1.4
« Reply #25 on: December 30, 2014, 11:43:50 am »

Funds collected will be first used to pay for a Press Release Service, as they will be able to send to a number of different news outlets, and will be more likely to be published.

http://bitcoinprbuzz.com/ looks to be a good service, standard service = 1.2 BTC (28000 NXT), premium = 2.2 BTC (42000 NXT)

So we need to raise at least 28000 NXT.

Also planning to send the press release out manually to other news outlets.

If you have any other ideas for appropriate promotion other than this let us know.
« Last Edit: December 30, 2014, 11:47:39 am by rudeboi »
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Re: Launching 1.4
« Reply #26 on: December 30, 2014, 12:03:03 pm »

Be a little careful with bitcoinprbuzz - I think people have have problems with them in the past. It may have been a different service, though, so please confirm! Again, I think EvilDave and Damelon have had experience.
Articles are always good. I also think there's a lot to be said for compelling use cases. If someone implements something that works well, that always lets others realise, "I could do that too".
I don't know how worthwhile paid ads are, but this may be one time it's worth a punt. The message is pretty simple: Create your own altcoin in 2 minutes with NXT MS. Could maybe run a short-term one as a test?
Feel free to feed back on the PR, too.
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rudeboi

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Re: Launching 1.4
« Reply #27 on: December 30, 2014, 12:27:55 pm »

NXT Monetary System enables custom coin creation in two minutes

NXT’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of NXT – has gone live.

The Monetary System (MS) allows users to launch new currencies, securing them with the NXT blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. Coins are created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customisable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but extremely flexible.

The full list of parameters (with potential use cases) includes:
  • Exchangeable: currencies can be exchanged back into NXT.
  • Controllable: currencies may only be traded with the issuing account (backed tokens).
  • Reserveable: currency units are released and distributed at a given block height, if funding requirements are met (crowdfunding).
  • Claimable: reserveable units can later be exchanged at an agreed rate (coin shuffling).
  • Mintable: currencies can be minted by proof-of-work, whilst still secured by NXT’s proof-of-stake algorithm  (initial distribution).
  • Shuffleable: coins can be shuffled when this feature is implemented (anonymity).
Ticker symbols
Coin ticker symbols can be three, four or five letters long. There is a 25,000 NXT fee for reserving three-letter symbols to avoid squatting or frivolous use of popular names (such as EUR, USD, GBP, etc), with four-letter names costing 1,000 NXT and five-letter names 40 NXT. Once issued, currencies can be traded on traditional exchanges or on NXT’s decentralised Asset Exchange.


The Monetary System (MS) went live at block 330,000 and is one of a large number of popular and powerful features built into the core of NXT – including the Asset Exchange, Digital Marketplace and Alias registration, as well as a fast-growing list of third-party applications and services.

Nice work, I like it.

Quick thoughts:
- Don't think we need to mention the cost of reserving the ticker symbols, most people won't know how much 25000 NXT is. Although I do like the mention of USD, EUR & GBP gives people some food for thought.
- Probably need to add (mined) after the word mintable for better understanding.
- Probably best to mention the rough date of launch, rather than just block height. (anyone able to work out the date?)
- Maybe we can add some more in the customisable/parameters section.
       -Convert your first generation Bitcoin based altcoin into a second generation one, taking advantage of all Nxt features Encrypted Messaging, Marketplace, Asset Exchange etc.
       -Could list out the algorithms available 

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rudeboi

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Re: Launching 1.4
« Reply #28 on: December 30, 2014, 12:34:10 pm »

Be a little careful with bitcoinprbuzz - I think people have have problems with them in the past. It may have been a different service, though, so please confirm! Again, I think EvilDave and Damelon have had experience.
Articles are always good. I also think there's a lot to be said for compelling use cases. If someone implements something that works well, that always lets others realise, "I could do that too".
I don't know how worthwhile paid ads are, but this may be one time it's worth a punt. The message is pretty simple: Create your own altcoin in 2 minutes with NXT MS. Could maybe run a short-term one as a test?
Feel free to feed back on the PR, too.

The bitcoinprbuzz recommendation came from Damelon. If anyone has any any prior experience of Bitcoinprbuzz let us know. Although reviews I've read seem fairly positive.

I would also like to run some adverts, as like you say I think this is a feature that lends itself to a simple banner message, but all comes down to how much NXT we available to spend. Adverts can always come later.
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Re: Launching 1.4
« Reply #29 on: December 30, 2014, 12:36:08 pm »

Is this to go out before or after launch? If before, we'll need an estimate of when. If after, then just someone to push the button at block 330,000.
That was the full list of parameters from the existing documentation, unless I'm mistaken. Do you mean mining algorithms available (SHA256, Scrypt, etc) and if so, do you know what they are?
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Re: Launching 1.4
« Reply #30 on: December 30, 2014, 12:48:13 pm »

Is this to go out before or after launch? If before, we'll need an estimate of when. If after, then just someone to push the button at block 330,000.
That was the full list of parameters from the existing documentation, unless I'm mistaken. Do you mean mining algorithms available (SHA256, Scrypt, etc) and if so, do you know what they are?

Planning before launch. Yeah meant the mining algorithms, although for some reason I can't find the list now :(
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Re: Launching 1.4
« Reply #32 on: December 30, 2014, 01:25:03 pm »

https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documenation

Thanks - but no list of mining algos here. Or perhaps it's not needed (i.e. MS doesn't restrict you?).
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Re: Launching 1.4
« Reply #33 on: December 30, 2014, 01:25:31 pm »

Is this to go out before or after launch? If before, we'll need an estimate of when. If after, then just someone to push the button at block 330,000.
That was the full list of parameters from the existing documentation, unless I'm mistaken. Do you mean mining algorithms available (SHA256, Scrypt, etc) and if so, do you know what they are?

Planning before launch. Yeah meant the mining algorithms, although for some reason I can't find the list now :(

Ok, then I'd better rewrite a little to reflect that :)
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natty

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Re: Launching 1.4
« Reply #34 on: December 30, 2014, 01:26:44 pm »

Is this to go out before or after launch? If before, we'll need an estimate of when. If after, then just someone to push the button at block 330,000.
That was the full list of parameters from the existing documentation, unless I'm mistaken. Do you mean mining algorithms available (SHA256, Scrypt, etc) and if so, do you know what they are?

Planning before launch. Yeah meant the mining algorithms, although for some reason I can't find the list now :(

sha256, scrypt, sha3, keccak.

you're welcome :)

Be sure to use and expand on this list of pros and cons for PoW currencies for the PR article:
https://nxtforum.org/index.php?topic=7122.msg143260#msg143260
« Last Edit: December 30, 2014, 01:30:35 pm by natty »
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Re: Launching 1.4
« Reply #35 on: December 30, 2014, 01:36:54 pm »

Is this to go out before or after launch? If before, we'll need an estimate of when. If after, then just someone to push the button at block 330,000.
That was the full list of parameters from the existing documentation, unless I'm mistaken. Do you mean mining algorithms available (SHA256, Scrypt, etc) and if so, do you know what they are?

Planning before launch. Yeah meant the mining algorithms, although for some reason I can't find the list now :(

sha256, scrypt, sha3, keccak.

you're welcome :)

Be sure to use and expand on this list of pros and cons for PoW currencies for the PR article:
https://nxtforum.org/index.php?topic=7122.msg143260#msg143260

Thanks!
I think we need to be a little careful about drifting into a PoW/PoS argument. We want people to think, 'This is so cool!', not to dismiss it on tribal grounds because they perceive it as a threat to the established order.
Get them in the door, then they will get the rest of the way themselves :)
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Re: Launching 1.4
« Reply #36 on: December 30, 2014, 01:44:54 pm »

Ok, edited version. I'll leave it here for now, but if someone has got an ETA on block 330,000, that would be good. Obviously the closer we get to 330k, the more reliable the estimate will be, but the later the PR goes out. I don't know what the optimum time in advance would be - possibly just a couple of days?


NXT Monetary System enables custom coin creation in two minutes

NXT’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of NXT – will go live in the second week of 2015.

The Monetary System (MS) allows users to launch new currencies, securing them with the NXT blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. Coins are created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customisable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but extremely flexible.

The full list of parameters (with potential use cases) includes:
  • Exchangeable: currencies can be exchanged back into NXT.
  • Controllable: currencies may only be traded with the issuing account (backed tokens).
  • Reserveable: currency units are released and distributed at a given block height, if funding requirements are met (crowdfunding).
  • Claimable: reserveable units can later be exchanged at an agreed rate (coin shuffling).
  • Mintable: currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by NXT’s proof-of-stake algorithm (initial distribution).
  • Shuffleable: coins can be shuffled when this feature is implemented (anonymity).
For more information, see the official MS documentation.

Ticker symbols
Coin ticker symbols can be three, four or five letters long. There are higher fees for reserving three-letter symbols to avoid squatting or frivolous use of popular names (such as EUR, USD, GBP, etc), with four- and five-letter names costing less. Once issued, currencies can be traded on traditional exchanges or on NXT’s decentralised Asset Exchange.

The Monetary System (MS) goes live at block 330,000. MS enables holders of 1.0 cryptocurrencies such as Bitcoin to convert their holdings into new currencies that take advantage of the many powerful features of the NXT platform and ecosystem – including the Asset Exchange, Digital Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.
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natty

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Re: Launching 1.4
« Reply #37 on: December 30, 2014, 01:50:26 pm »

Is this to go out before or after launch? If before, we'll need an estimate of when. If after, then just someone to push the button at block 330,000.
That was the full list of parameters from the existing documentation, unless I'm mistaken. Do you mean mining algorithms available (SHA256, Scrypt, etc) and if so, do you know what they are?

Planning before launch. Yeah meant the mining algorithms, although for some reason I can't find the list now :(

sha256, scrypt, sha3, keccak.

you're welcome :)

Be sure to use and expand on this list of pros and cons for PoW currencies for the PR article:
https://nxtforum.org/index.php?topic=7122.msg143260#msg143260

Thanks!
I think we need to be a little careful about drifting into a PoW/PoS argument. We want people to think, 'This is so cool!', not to dismiss it on tribal grounds because they perceive it as a threat to the established order.
Get them in the door, then they will get the rest of the way themselves :)

Perhaps you are right.

There is one correction for the article I'd like to suggest. 'Locking' NXT is not obligatory to back a MS currency, you can create a MS currency without locking any NXT. This is significant as readers might believe you have to have a lot of NXT to create a MS currency, while you only need 40 NXT to pay the fee for the 5-letter ones, that's really all you need if you don't want to provide the 'floor' to the new MS currency.
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Re: Launching 1.4
« Reply #38 on: December 30, 2014, 01:54:24 pm »

Ah, thanks for the clarification.
I'll wait a while before making any other updates, to avoid spamming the thread with different versions in case there is more feedback.
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Re: Launching 1.4
« Reply #39 on: December 30, 2014, 03:54:13 pm »

We need to get something about Sidechains in there, definitely a selling point given as it is such a buzz word around BTC at the moment, something like:

MS provides a similar outcome to the proposed Sidechains for Bitcoin, however rather than needing separate blockchains, Nxt has managed to combine all the benefits into the main Nxt blockchain. The result is a truly decentralised approach that doesn't require any dependence in an external 'two-way peg', meaning currency exchange can take place in a trust-less way within the Nxt platform, all without expensive fees.

Concept Image that could be sent with the PR or just go on Nxt.org:
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Re: Launching 1.4
« Reply #40 on: December 30, 2014, 04:42:39 pm »


The full list of parameters (with potential use cases) includes:
  • Exchangeable: currencies can be exchanged back into NXT.
  • Controllable: currencies may only be traded with the issuing account (backed tokens).
  • Reserveable: currency units are released and distributed at a given block height, if funding requirements are met (crowdfunding).
  • Claimable: reserveable units can later be exchanged at an agreed rate (coin shuffling).
  • Mintable: currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by NXT’s proof-of-stake algorithm (initial distribution).
  • Shuffleable: coins can be shuffled when this feature is implemented (anonymity).
The short phrases in parentheses:
Controllable is not really "backed''. It means that the supply is controlled by the issuer. It is more like a fiat currency.
Reservable and exchangeable = crowdfunding, but reservable + claimable = store of value, two separate use cases.
Claimable and shuffleable are different
All minted coins are secured by the Nxt blockchain, not only the initial distribution
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Re: Launching the Monetary System (1.4)
« Reply #41 on: December 30, 2014, 04:52:11 pm »

^^^
(with potential use cases)
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Re: Launching 1.4
« Reply #42 on: December 30, 2014, 09:41:42 pm »

Be a little careful with bitcoinprbuzz - I think people have have problems with them in the past. It may have been a different service, though, so please confirm! Again, I think EvilDave and Damelon have had experience.

They seem to have changed towards the professional these days, which is why I mentioned them.
Of course, their price also has gone up :)

For crypto, there is no real alternative in the market at the moment, so it's most probably money spent reasonably well.
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Re: Launching the Monetary System (1.4)
« Reply #43 on: January 02, 2015, 11:14:50 am »

Ok, good to know bitcoinprbuzz have cleaned up their act. I've pasted a final version of the PR below, as I guess it needs to go out soon so that the outlets have enough time to organise themselves. Looks like launch will be 10 Jan, but I've included links to jones' countdown wherever the release time is mentioned.


NXT Monetary System enables custom coin creation in two minutes

NXT’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of NXT – will go live on 10 January 2015.

The Monetary System (MS) allows users to launch new currencies, securing them with the NXT blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the NXT platform, without the need for an external two-way peg.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customisable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but extremely flexible.

The full list of parameters (with potential use cases) includes:
  • Exchangeable: currencies can be exchanged back into NXT.
  • Controllable: currencies may only be traded with the issuing account (e.g. backed tokens).
  • Reserveable: currency units are released and distributed at a given block height, if funding requirements are met (e.g. crowdfunding).
  • Claimable: reserveable units can later be exchanged at an agreed rate (e.g. coin shuffling).
  • Mintable: currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by NXT’s proof-of-stake algorithm.
  • Shuffleable: coins can be shuffled when this feature is implemented.
For more information, see the official MS documentation.

Ticker symbols
Coin ticker symbols can be three, four or five letters long. There are higher fees for reserving three-letter symbols to avoid squatting or frivolous use of popular names (such as EUR, USD, GBP, etc), with four- and five-letter names costing less. Once issued, currencies can be traded on traditional exchanges or on NXT’s decentralised Asset Exchange.

The Monetary System (MS) goes live at block 330,000. MS enables holders of 1.0 cryptocurrencies such as Bitcoin to convert their holdings into new currencies that take advantage of the many powerful features of the NXT platform and ecosystem – including the Asset Exchange, Digital Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.

« Last Edit: January 02, 2015, 01:11:34 pm by Cassius »
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achim

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Re: Launching the Monetary System (1.4)
« Reply #44 on: January 02, 2015, 12:19:46 pm »

sounds good cassius!

I don't get the meaning of "whilst still being secured by NXT’s proof-of-stake algorithm (initial distribution)." in this context
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Re: Launching the Monetary System (1.4)
« Reply #45 on: January 02, 2015, 12:22:07 pm »

sounds good cassius!

I don't get the meaning of "whilst still being secured by NXT’s proof-of-stake algorithm (initial distribution)." in this context

Brackets contain example use cases.
MS coins may be PoW mined (distributed) but are still secured by NXT's network. PoW would not contribute to the coin's security.
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achim

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Re: Launching the Monetary System (1.4)
« Reply #46 on: January 02, 2015, 12:28:03 pm »

sounds good cassius!

I don't get the meaning of "whilst still being secured by NXT’s proof-of-stake algorithm (initial distribution)." in this context

Brackets contain example use cases.
MS coins may be PoW mined (distributed) but are still secured by NXT's network. PoW would not contribute to the coin's security.

makes sense! I just thought that when btc users see the words "initial distribution" the might confuse it with Nxt's initial distribution and go crazy  :D
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Re: Launching the Monetary System (1.4)
« Reply #47 on: January 02, 2015, 12:31:44 pm »

can monetary system coins be customized beyond the given options? for instance say i wanted to give my MS coin a feature not on the pre-determined list, how hard would it be to customize my own new feature and have it added to the list so that i can build the coin i need? or are these new coins strictly limited to the already listed features?
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Re: Launching the Monetary System (1.4)
« Reply #48 on: January 02, 2015, 01:08:31 pm »

sounds good cassius!

I don't get the meaning of "whilst still being secured by NXT’s proof-of-stake algorithm (initial distribution)." in this context

Brackets contain example use cases.
MS coins may be PoW mined (distributed) but are still secured by NXT's network. PoW would not contribute to the coin's security.

makes sense! I just thought that when btc users see the words "initial distribution" the might confuse it with Nxt's initial distribution and go crazy  :D

It makes sense, but think it might be good to replace or delete the initial distribution part.
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Re: Launching the Monetary System (1.4)
« Reply #49 on: January 02, 2015, 01:11:52 pm »

Done (same post).
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Re: Launching the Monetary System (1.4)
« Reply #50 on: January 02, 2015, 01:40:05 pm »

Nice one Cassius.

Made a couple of quick tweaks, but think it is pretty much ready to go. I've contacted BitcoinPRBuzz, awaiting reply.

**********
NXT Monetary System enables custom coin creation in two minutes

NXT’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of NXT – will go live on 10 January 2015.

The Monetary System (MS) allows users to launch new currencies, securing them with the NXT blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the NXT platform, without the need for an external two-way peg.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customisable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but extremely flexible.

The full list of parameters (with potential use cases) includes:
  • Exchangeable: currencies can be exchanged back into NXT.
  • Controllable: currencies may only be traded with the issuing account (e.g. backed tokens).
  • Reserveable: currency units are released and distributed at a given block height, if funding requirements are met (e.g. crowdfunding).
  • Claimable: reserveable units can later be exchanged at an agreed rate (e.g. coin shuffling).
  • Mintable: currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by NXT’s proof-of-stake algorithm.
  • Shuffleable: coins can be shuffled when this feature is implemented (anonymity).
Ticker symbols (Currency Code)
Coin ticker symbols can be three, four or five letters long. There are higher fees for reserving three-letter symbols to avoid squatting or frivolous use of popular names (such as BTC, EUR, USD, GBP, etc), with four- and five-letter names costing less. Once issued, currencies can be traded on traditional exchanges or on NXT’s decentralised Asset Exchange.

The Monetary System (MS) goes live at block 330,000. MS enables holders of 1.0 cryptocurrencies such as Bitcoin to convert their holdings into new currencies that take advantage of the many powerful features of the NXT platform and ecosystem – including the Asset Exchange, Digital Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.

For more information and to try for yourself please visit www.nxt.org.

***************
Changes:
Added (Currency Code)
Added BTC
Removed the link to BitBucket, instead Nxt.org will create a MS page and will we link to the more info bitbucket from there

« Last Edit: January 02, 2015, 01:45:25 pm by rudeboi »
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Re: Launching the Monetary System (1.4)
« Reply #51 on: January 02, 2015, 01:42:04 pm »

Ill post to price speculation to see if there is anything major we are missing, but think I should be able to submit soon.
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Re: Launching the Monetary System (1.4)
« Reply #52 on: January 02, 2015, 01:42:13 pm »

Hey, feel free to change as you see fit (so long as it's factually and grammatically accurate). So long as it serves its purpose, I'm happy.
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Re: Launching the Monetary System (1.4)
« Reply #53 on: January 02, 2015, 02:15:36 pm »

The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the NXT platform, without the need for an external two-way peg.

I think the relation is not so close. Only the original issuing locks NXT, right? With side-chains it's every transaction in and out of the system.
And it's the whole point of side-chains that development different than Bitcoin can take place.

Quote
MS enables holders of 1.0 cryptocurrencies such as Bitcoin to convert their holdings into new currencies that take advantage of the many powerful features of the NXT platform and ecosystem...

Seems also a bit strange. I was always able to buy NXT with BTC if that is meant. Not sure what MS enables directly here.
I think both lines could rub Bitcoiners the wrong way.

Very well written overall though.
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rudeboi

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Re: Launching the Monetary System (1.4)
« Reply #54 on: January 02, 2015, 03:25:02 pm »


The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the NXT platform, without the need for an external two-way peg.

I think the relation is not so close. Only the original issuing locks NXT, right? With side-chains it's every transaction in and out of the system.
And it's the whole point of side-chains that development different than Bitcoin can take place.

Quote
MS enables holders of 1.0 cryptocurrencies such as Bitcoin to convert their holdings into new currencies that take advantage of the many powerful features of the NXT platform and ecosystem...

Seems also a bit strange. I was always able to buy NXT with BTC if that is meant. Not sure what MS enables directly here.
I think both lines could rub Bitcoiners the wrong way.

Very well written overall though.

MS and Sc aren't exactly the same, but is still very worthwhile to mention.

On the second point, I agree it is a bit confusing. What I think is worth mentioning is the fact first generation cryptocurrencies can transition over to Nxt MS to take advantage of the many powerful features of the NXT platform and ecosystem.
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Re: Launching the Monetary System (1.4)
« Reply #55 on: January 02, 2015, 06:16:25 pm »

Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.
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Re: Launching the Monetary System (1.4)
« Reply #56 on: January 02, 2015, 07:12:11 pm »

Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.

people do not need to know its magic happening in the background. Fast and stable is a good way to go ;)

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Re: Launching the Monetary System (1.4)
« Reply #57 on: January 02, 2015, 08:46:19 pm »

Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.

Agreed. And furthermore it confuses people as we claim to have 1 minute blocks (which we definitely will have when time warp is activated).
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Re: Launching the Monetary System (1.4)
« Reply #58 on: January 02, 2015, 08:46:43 pm »

Anyway, nice effort! You have my support, guys! :)

+1440
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Re: Launching the Monetary System (1.4)
« Reply #59 on: January 02, 2015, 08:47:50 pm »

Cool.

rudeboi, I'll let you take it from here to avoid double working, unless you specifically want me to do something on this.
When are you looking to send out?
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Re: Launching the Monetary System (1.4)
« Reply #60 on: January 02, 2015, 10:40:07 pm »

Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.

people do not need to know its magic happening in the background. Fast and stable is a good way to go ;)

It's the foreground.
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rudeboi

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Launching the Monetary System (1.4)
« Reply #61 on: January 03, 2015, 12:10:57 am »

Cool.

rudeboi, I'll let you take it from here to avoid double working, unless you specifically want me to do something on this.
When are you looking to send out?

As soon as bitcoinprbuzz contact me back. But ideally I try and take on the feedback tomorrow and get a final version ready for sending ASAP.

P.S. Due to the failed fund raising, the Nxt Org have decided to pay for the press release service ourselves. But no further advertising is planned at the moment, unless someone wants to donate ;)
« Last Edit: January 03, 2015, 12:19:39 am by rudeboi »
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Re: Launching the Monetary System (1.4)
« Reply #62 on: January 03, 2015, 12:18:01 am »


Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.

Agreed. And furthermore it confuses people as we claim to have 1 minute blocks (which we definitely will have when time warp is activated).

Sadly the 2 minute thing does sound a bit like a clone coin generator. However a press release needs to have a eye grabbing headline.

Change to 1 minute lol? to help the block time claim?

Has anyone got any other catchy titles they think would be better?

My only thoughts were either going with alternative to sidechains title or the selected create a currency in 2 mins.
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Re: Launching the Monetary System (1.4)
« Reply #63 on: January 03, 2015, 02:30:02 am »

Just my 2 nxt but I think the title "NXT Monetary System enables custom coin creation in two minutes" sounds better than something to do with a side chain alternative.

It could be possible to change the word "custom" to "new", and coin to currency makes it more clear as to what the monetary system does, like :
Here are some other tweaks/suggestions:

"NXT Monetary System allows new currency creation in two minutes"
"Create a new currency in 2 minutes with the NXT Monetary System"
"Create a new currency with the NXT Monetary System"
"NXT Monetary System enables custom currency creation"

« Last Edit: January 03, 2015, 02:33:48 am by leo+ »
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Re: Launching the Monetary System (1.4)
« Reply #64 on: January 03, 2015, 02:41:11 am »

Just my 2 nxt but I think the title "NXT Monetary System enables custom coin creation in two minutes" sounds better than something to do with a side chain alternative.

It could be possible to change the word "custom" to "new", and coin to currency makes it more clear as to what the monetary system does, like :
Here are some other tweaks/suggestions:

"NXT Monetary System allows new currency creation in two minutes"
"Create a new currency in 2 minutes with the NXT Monetary System"
"Create a new currency with the NXT Monetary System"
"NXT Monetary System enables custom currency creation"

To avoid technicalities might I also suggest...

"Create a new currency in minutes with the NXT Monetary System"

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Re: Launching the Monetary System (1.4)
« Reply #65 on: January 03, 2015, 07:01:34 am »

Probably a little bias in this thread for my particular question, but...do you think the new Nxt Monetary system will be a "hit" or a "dud" ---> as far as use cases and publicity and driving Nxt as a platform?

Lets take 2 past popular and exciting announcements. MGW - awesome in theory (and with intergration with SN maybe awesome in the future) but so far a "dud".  Nxt AE- awesome in theory, awesome in useability - a "hit."

So where on this spectrum do you see the Monetary System falling?
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Re: Launching the Monetary System (1.4)
« Reply #66 on: January 03, 2015, 09:59:52 am »


Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.

Agreed. And furthermore it confuses people as we claim to have 1 minute blocks (which we definitely will have when time warp is activated).

Sadly the 2 minute thing does sound a bit like a clone coin generator. However a press release needs to have a eye grabbing headline.

Change to 1 minute lol? to help the block time claim?

Has anyone got any other catchy titles they think would be better?

My only thoughts were either going with alternative to sidechains title or the selected create a currency in 2 mins.

Create a currency in 5 minutes.

You actually need to think about what you are doing so your new currency should be worth 5 minutes thinking to you. ;)
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Launching the Monetary System (1.4)
« Reply #67 on: January 03, 2015, 10:07:50 am »


Maybe erase that "in 2 minutes", it sounds like this pow clone coin generator website and detracts from the (economic) magic of MS.

Agreed. And furthermore it confuses people as we claim to have 1 minute blocks (which we definitely will have when time warp is activated).

Sadly the 2 minute thing does sound a bit like a clone coin generator. However a press release needs to have a eye grabbing headline.

Change to 1 minute lol? to help the block time claim?

Has anyone got any other catchy titles they think would be better?

My only thoughts were either going with alternative to sidechains title or the selected create a currency in 2 mins.

Create a currency in 5 minutes.

You actually need to think about what you are doing so your new currency should be worth 5 minutes thinking to you. ;)

Haha, still sounds a bit like a coin generator, but the word currency is better than coin probably.
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Re: Launching the Monetary System (1.4)
« Reply #68 on: January 03, 2015, 10:10:36 am »


Just my 2 nxt but I think the title "NXT Monetary System enables custom coin creation in two minutes" sounds better than something to do with a side chain alternative.

It could be possible to change the word "custom" to "new", and coin to currency makes it more clear as to what the monetary system does, like :
Here are some other tweaks/suggestions:

"NXT Monetary System allows new currency creation in two minutes"
"Create a new currency in 2 minutes with the NXT Monetary System"
"Create a new currency with the NXT Monetary System"
"NXT Monetary System enables custom currency creation"

Thanks for your suggestions.
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Re: Launching the Monetary System (1.4)
« Reply #69 on: January 03, 2015, 10:35:31 am »

Haha, still sounds a bit like a coin generator, but the word currency is better than coin probably.

Ah, now I understand. Well, what exactly do you want to convey with that title?
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Re: Launching the Monetary System (1.4)
« Reply #70 on: January 03, 2015, 03:25:34 pm »

Probably a little bias in this thread for my particular question, but...do you think the new Nxt Monetary system will be a "hit" or a "dud" ---> as far as use cases and publicity and driving Nxt as a platform?

Lets take 2 past popular and exciting announcements. MGW - awesome in theory (and with intergration with SN maybe awesome in the future) but so far a "dud".  Nxt AE- awesome in theory, awesome in useability - a "hit."

So where on this spectrum do you see the Monetary System falling?

I see it this way: how could MS create sell-pressure on NXT? People might buy NXT to lock in coins, but even if it's a complete flop, it shouldn't pose a problem. Tx fees etc would all help out, of course.
Then factor in the appetite for creating alts. 600+ at present, mostly worthless, and growing fast. Lots of new ones will presumably look to NXT. Sure there will be lots of pointless coins, but that's just something that has to happen along the way. All of these involve people getting into NXT.
AE was a success because of a few great assets. It had some big cheerleaders. If a few MS currencies achieve that kind of success, it will be a big deal.
So I'm inclined towards 'hit', even if it's because people can't seem to resist making coins with no innovation or point. At least now they will be doing it on an innovative platform, and they might want to dip their toe in further. We do, however, need the cheerleaders. Hmm. Maybe I should release CassiusCoin.
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Re: Launching the Monetary System (1.4)
« Reply #71 on: January 03, 2015, 08:48:17 pm »

Monetary system is huge to develop compagny coin. We must also look at all IRL local communities as the biggest target. 
Today someone told me : you will be able to build your own currency on ethereum with 10ligns of code.
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Re: Launching the Monetary System (1.4)
« Reply #72 on: January 03, 2015, 09:16:57 pm »

Monetary system is huge to develop compagny coin. We must also look at all IRL local communities as the biggest target. 
Today someone told me : you will be able to build your own currency on ethereum with 10ligns of code.

I hope you told him: "with Nxt, no do not need to write code at all to build your own currency" :)
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Re: Launching the Monetary System (1.4)
« Reply #73 on: January 03, 2015, 09:39:54 pm »

Of course, at least 8 times.
His answer was : Ok, you Know everything will be connected later. Counterparty and ethereum are already contract compatible. Later nxt maybe.
Ive said : do you know supernet ? Then he said : no
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Re: Launching the Monetary System (1.4)
« Reply #74 on: January 03, 2015, 10:34:34 pm »

Of course, at least 8 times.
His answer was : Ok, you Know everything will be connected later. Counterparty and ethereum are already contract compatible. Later nxt maybe.
Ive said : do you know supernet ? Then he said : no

He has a lot to learn. :)
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Launching the Monetary System (1.4)
« Reply #75 on: January 04, 2015, 02:10:48 pm »

I've tried to incorporate all the alterations that people have suggested.

The press release will be sent to BitcoinPRBuzz later today, they will then send back an edited optimzed version for review.

Please can people review for grammatical or factual errors.

****************
Create a new currency in 2 minutes with the Nxt Monetary System

Nxt’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of Nxt – will go live on 10 January 2015.

The Monetary System (MS) allows users to launch new currencies, securing them with the Nxt blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the Nxt platform, without the need for an external two-way peg.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customizable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but remarkably flexible.

The full list of parameters (with potential use cases) includes:

•   Exchangeable: Currencies can be exchanged all within the Nxt platform or on traditional exchanges, each identified by unique name and ticker symbols (e.g. BTC, USD).
•   Controllable: Currencies may optionally only be traded with the issuing account (e.g. backed tokens such as gift vouchers).
•   Reserveable: Currency units are released and distributed if funding requirements are met within the given timescale, if not funds are automatically returned (e.g. crowdfunding).
•   Claimable: Reserveable units can later be exchanged at an agreed rate.
•   Mintable: Currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by Nxt's proof-of-stake algorithm.
•   Shuffleable: Coins can be shuffled when this feature is implemented (anonymity).

Macro implications
The Monetary System improves the distribution of wealth across the Nxt ecosystem, each currency unit possessing its own financial value.

MS also allows for the further decentralization of cyptocurrency and the wider economic landscape, achieved by:

•   Importing: First generation cryptocurrencies can transition into an MS currency, allowing them to take advantage of the many powerful features of the Nxt platform and ecosystem – including the Asset Exchange, Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.
•   Exporting: In the future a whole economy based on a MS currency could be transferred out of the Nxt system to another platform should the necessity arise.

For more information and to try for yourself please visit www.nxt.org.
***********
« Last Edit: January 04, 2015, 03:31:09 pm by rudeboi »
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Re: Launching the Monetary System (1.4)
« Reply #76 on: January 04, 2015, 02:22:31 pm »

Under Exchangeable:

'Nxt platform or on tradition exchanges'

Should be 'traditional'

I've used NXT throughout; a few edits have Nxt. Doesn't matter which but consistency is important.

Looks like you've switched to American English ('customizable') which I suppose is ok... :) But again, consistency. I didn't spot any English spellings on a quick read through but worth a last check.

Very minor point: 'making the process not only extremely fast but extremely flexible.'
Could use a different word for the second 'extremely', such as 'remarkably', 'unbelievably', 'jaw-droppingly', 'sell-your-grandmother-and-buy-NXT-ily', etc.

That's all from me!
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Re: Launching the Monetary System (1.4)
« Reply #77 on: January 04, 2015, 02:46:17 pm »

I passed it along to a friend at reuters... (after the couple of fixes as suggested)
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Re: Launching the Monetary System (1.4)
« Reply #78 on: January 04, 2015, 03:47:48 pm »


Under Exchangeable:

'Nxt platform or on tradition exchanges'

Should be 'traditional'

I've used NXT throughout; a few edits have Nxt. Doesn't matter which but consistency is important.

Looks like you've switched to American English ('customizable') which I suppose is ok... :) But again, consistency. I didn't spot any English spellings on a quick read through but worth a last check.

Very minor point: 'making the process not only extremely fast but extremely flexible.'
Could use a different word for the second 'extremely', such as 'remarkably', 'unbelievably', 'jaw-droppingly', 'sell-your-grandmother-and-buy-NXT-ily', etc.

That's all from me!

Cheers,

Fixed those points.

I've changed all references of Nxt, everything relating to the platform is Nxt, the currency is NXT.

I switched to American English because after I collected all the suggested changes, I had a mix. On a personal note I much prefer my English un-American, but thought most news outlets will be American.
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Re: Launching the Monetary System (1.4)
« Reply #79 on: January 04, 2015, 04:02:35 pm »


I passed it along to a friend at reuters... (after the couple of fixes as suggested)

Thanks, great stuff :)

Anyone who knows anyone in the media please do share the press release. Nxt.org isn't yet updated, but will be prior to release.

If anyone wants us to send to any smaller outlets that wouldn't be on bitcoinPRbuzz's list let me know, and I'll send out manually from our the marketing email address.
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Re: Launching the Monetary System (1.4)
« Reply #80 on: January 04, 2015, 04:08:52 pm »

Anyone who knows anyone in the media please do share the press release.

Do you have a PDF file to share?

BTW, for whoever is interested, here is a link to our paper on DeBuNe.

You will hear this name often in the next months. It is pretty much a Business Model that is supported by Nxt platform and many of the SuperNet functionalities (and a few more that are not there yet and we will help implement).

Have a read and send comments (the text is written for non tech people tho):

https://drive.google.com/file/d/0B3UEc-i3QVvkMlA3dkZ5ZGwyZm8

R
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Re: Launching the Monetary System (1.4)
« Reply #81 on: January 04, 2015, 04:21:30 pm »


Anyone who knows anyone in the media please do share the press release.

Do you have a PDF file to share?

BTW, for whoever is interested, here is a link to our paper on DeBuNe.

You will hear this name often in the next months. It is pretty much a Business Model that is supported by Nxt platform and many of the SuperNet functionalities (and a few more that are not there yet and we will help implement).

Have a read and send comments (the text is written for non tech people tho):

https://drive.google.com/file/d/0B3UEc-i3QVvkMlA3dkZ5ZGwyZm8

R

Afraid haven't got a pretty PDF file, as you can see the press release has just been a work in progress on here.

I'll have a look at your paper.
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Re: Launching the Monetary System (1.4)
« Reply #82 on: January 04, 2015, 05:31:56 pm »


I switched to American English because after I collected all the suggested changes, I had a mix. On a personal note I much prefer my English un-American, but thought most news outlets will be American.

Good for you, sir.
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Re: Launching the Monetary System (1.4)
« Reply #83 on: January 04, 2015, 06:36:06 pm »

Updated the OP.

How can you help:

Creation of a MS media  [Pictures Needed] So far I haven't seen anyone create any MS pics :(

If you have any contacts within the Media, please send the press release to them.

Know of any smaller/niche sites you want us to mentioned on? Send them the PR or PM their email address and I'll send from a @Nxt.org address.

Positively comment on any published articles about MS (post any articles in this thread and I'll update on the OP)

Social Media - Comment, Like, Upvote etc any MS related talk (let me know any links BCT, Facebook, Reddit, Twitter and I'll list them on the OP)
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Re: Launching the Monetary System (1.4)
« Reply #84 on: January 04, 2015, 06:40:45 pm »

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Re: Launching the Monetary System (1.4)
« Reply #85 on: January 04, 2015, 07:20:28 pm »

Is the NXT Monetary System the new umbrella for crypto coins?

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Re: Launching the Monetary System (1.4)
« Reply #86 on: January 04, 2015, 07:28:27 pm »

Is the NXT Monetary System the new umbrella for crypto coins?



Cool idea
« Last Edit: January 04, 2015, 07:32:44 pm by Michiel »
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Re: Launching the Monetary System (1.4)
« Reply #87 on: January 04, 2015, 07:33:06 pm »

That's awesome - need a bubble that says "your communities coin here" with an arrow or something..
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Re: Launching the Monetary System (1.4)
« Reply #88 on: January 04, 2015, 07:54:18 pm »


Is the NXT Monetary System the new umbrella for crypto coins?



Great work, nice idea.

Shame the coin icons became pixelated when resized.

Come on people give Tosch some competition, best one will become the 'official' posted one on Nxt.org
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Re: Launching the Monetary System (1.4)
« Reply #89 on: January 04, 2015, 09:32:36 pm »

I tried something aswell.
Not the best but might inspire someone.




Feedback on Tosch his image: I like it, but needs non-pixelated images. (NXT-logo + altcoins)
Link with some altcoinlogo's: https://raw.githubusercontent.com/shphrd/cryptocurrency-icons/master/colored-coins.png
« Last Edit: January 04, 2015, 09:39:13 pm by Michiel »
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Re: Launching the Monetary System (1.4)
« Reply #90 on: January 04, 2015, 09:42:30 pm »

@rudeboi
Did you read http://nxter.org/nxt-for-financial-experts-local-groups-and-cryptofans/ for having more use cases ?

Btw. a user came up with another use case: Currency migration. Remove your own chain and go to Nxt MS. :)
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Re: Launching the Monetary System (1.4)
« Reply #91 on: January 04, 2015, 10:38:58 pm »


@rudeboi
Did you read http://nxter.org/nxt-for-financial-experts-local-groups-and-cryptofans/ for having more use cases ?

Btw. a user came up with another use case: Currency migration. Remove your own chain and go to Nxt MS. :)

I sort of already mentioned currency migration in the PR, but called it importing/transition.

No, I hadn't seen that article. However I've submitted the PR now, see OP for final.

If their is any major selling point use case that anyone thinks I've missed let me know, as I should be able to add if it's only a very small amendment.
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Re: Launching the Monetary System (1.4)
« Reply #92 on: January 04, 2015, 10:39:36 pm »


I tried something aswell.
Not the best but might inspire someone.




Feedback on Tosch his image: I like it, but needs non-pixelated images. (NXT-logo + altcoins)
Link with some altcoinlogo's: https://raw.githubusercontent.com/shphrd/cryptocurrency-icons/master/colored-coins.png

Nice!
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Re: Launching the Monetary System (1.4)
« Reply #93 on: January 04, 2015, 11:05:32 pm »

Also has anyone got a good pic of the MS UI, maybe might be a good idea to have on Nxt.org
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Re: Launching the Monetary System (1.4)
« Reply #94 on: January 05, 2015, 07:10:57 am »

Also has anyone got a good pic of the MS UI, maybe might be a good idea to have on Nxt.org

see http://imgur.com/BRnEhvG and http://imgur.com/5qP2JLp
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Re: Launching the Monetary System (1.4)
« Reply #95 on: January 05, 2015, 07:31:20 am »


Also has anyone got a good pic of the MS UI, maybe might be a good idea to have on Nxt.org

see http://imgur.com/BRnEhvG and http://imgur.com/5qP2JLp

Cheers
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Re: Launching the Monetary System (1.4)
« Reply #96 on: January 05, 2015, 09:40:34 am »


Also has anyone got a good pic of the MS UI, maybe might be a good idea to have on Nxt.org

see http://imgur.com/BRnEhvG and http://imgur.com/5qP2JLp

Cheers

Might be a good idea to photoshop out some unappropriate words ..  ;D
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Re: Launching the Monetary System (1.4)
« Reply #97 on: January 05, 2015, 11:33:01 am »

I tried something aswell.
Not the best but might inspire someone.




Feedback on Tosch his image: I like it, but needs non-pixelated images. (NXT-logo + altcoins)
Link with some altcoinlogo's: https://raw.githubusercontent.com/shphrd/cryptocurrency-icons/master/colored-coins.png

nice one! Thanks for the feedback. Just wanted to give the idea, neither had the patience nor the profession to make it a quick and good draft ;) (don't have PS here :( )

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Re: Launching the Monetary System (1.4)
« Reply #98 on: January 05, 2015, 11:39:55 am »


Also has anyone got a good pic of the MS UI, maybe might be a good idea to have on Nxt.org

see http://imgur.com/BRnEhvG and http://imgur.com/5qP2JLp

Cheers

It would be nice if it was with the corporate design  :P
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Re: Launching the Monetary System (1.4)
« Reply #99 on: January 05, 2015, 02:17:19 pm »

I kind of like tosch110 idea with the umbrella made also one.



Here is the 1920x1080 version...
http://peerexplorer.com/promotion/nxt_monetary_system_large.png
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Re: Launching the Monetary System (1.4)
« Reply #101 on: January 05, 2015, 03:46:28 pm »

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Re: Launching the Monetary System (1.4)
« Reply #103 on: January 05, 2015, 03:56:39 pm »

prepare the servers :D
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Re: Launching the Monetary System (1.4)
« Reply #104 on: January 05, 2015, 04:04:59 pm »

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Re: Launching the Monetary System (1.4)
« Reply #105 on: January 05, 2015, 04:08:25 pm »

https://www.thunderclap.it/projects/20959-create-your-own-cryptocurrency

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Re: Launching the Monetary System (1.4)
« Reply #106 on: January 05, 2015, 04:18:38 pm »

Signed and shared.
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Re: Launching the Monetary System (1.4)
« Reply #108 on: January 05, 2015, 04:26:10 pm »

Published this today: http://nxter.org/nxt-core-monetary-system/

Nice article, we will link to it from Nxt.org :)
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Re: Launching the Monetary System (1.4)
« Reply #109 on: January 05, 2015, 04:29:02 pm »

Everyone else with a Facebook/Twitter/Tumblr account: JOIN UP!

Done.
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rudeboi

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Re: Launching the Monetary System (1.4)
« Reply #110 on: January 05, 2015, 04:40:36 pm »

https://www.thunderclap.it/projects/20959-create-your-own-cryptocurrency

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Might be worth setting up a new thread entitled 'Have Facebook/Twitter/Tumblr support the launch of MS' just so you can grab more people.

Athough on the thunder clap you should really put something like to try out MS visit www.nxt.org. As is a bit confusing at the moments as all current links point to NRS which is going to be pretty hard for new users to understand.
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Re: Launching the Monetary System (1.4)
« Reply #112 on: January 05, 2015, 07:15:03 pm »

Might be worth setting up a new thread entitled 'Have Facebook/Twitter/Tumblr support the launch of MS' just so you can grab more people.

Athough on the thunder clap you should really put something like to try out MS visit www.nxt.org. As is a bit confusing at the moments as all current links point to NRS which is going to be pretty hard for new users to understand.

I'll add a link in the article.

prepare the servers :D

Yup. Last Thunderclap campaign took down QBTC's site…  :-[

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Re: Launching the Monetary System (1.4)
« Reply #115 on: January 05, 2015, 09:20:24 pm »

A while back windjc posted a question about the possible implications on NXT of MS. It didn't get many answers. Anyone else care to speculate? Game-changer or merely another addition to NXT's toolkit?
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Re: Launching the Monetary System (1.4)
« Reply #116 on: January 06, 2015, 08:55:48 am »


I kind of like tosch110 idea with the umbrella made also one.



Here is the 1920x1080 version...
http://peerexplorer.com/promotion/nxt_monetary_system_large.png

Nice!

Think this is the winner, good work crimi and Tosch.

Crimi is there anyway you could create a vertically cropped version without the clouds and moon etc, as currently works very well as a wallpaper but probably a bit busy for a smaller headline picture. Would you be able to move the Nxt chain logo onto the umbrella as think that is pretty key to the concept?

Oh and my ODC speaking here, could LTC be moved to the centre of its bubble?
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Re: Launching the Monetary System (1.4)
« Reply #117 on: January 06, 2015, 09:09:30 am »


I kind of like tosch110 idea with the umbrella made also one.



Here is the 1920x1080 version...
http://peerexplorer.com/promotion/nxt_monetary_system_large.png

Nice!

Think this is the winner, good work crimi and Tosch.

Crimi is there anyway you could create a vertically cropped version without the clouds and moon etc, as currently works very well as a wallpaper but probably a bit busy for a smaller headline picture. Would you be able to move the Nxt chain logo onto the umbrella as think that is pretty key to the concept?

Oh and my ODC speaking here, could LTC be moved to the centre of its bubble?

What have those currencies to do with the MS? Also it should be cryptocurrencies, not cryptocurrencys, right? :)
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Windjc

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Re: Launching the Monetary System (1.4)
« Reply #118 on: January 06, 2015, 09:16:03 am »

A while back windjc posted a question about the possible implications on NXT of MS. It didn't get many answers. Anyone else care to speculate? Game-changer or merely another addition to NXT's toolkit?

+1

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rudeboi

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Re: Launching the Monetary System (1.4)
« Reply #119 on: January 06, 2015, 09:30:02 am »


I kind of like tosch110 idea with the umbrella made also one.



Here is the 1920x1080 version...
http://peerexplorer.com/promotion/nxt_monetary_system_large.png

Nice!

Think this is the winner, good work crimi and Tosch.

Crimi is there anyway you could create a vertically cropped version without the clouds and moon etc, as currently works very well as a wallpaper but probably a bit busy for a smaller headline picture. Would you be able to move the Nxt chain logo onto the umbrella as think that is pretty key to the concept?

Oh and my ODC speaking here, could LTC be moved to the centre of its bubble?

What have those currencies to do with the MS? Also it should be cryptocurrencies, not cryptocurrencys, right? :)
They don't have anything to do with Ms, I suppose just example currencies. Do people think we shouldn't use real ones?

Yes didn't notice currencies was missing spelt.

Maybe just "Create your own cyptocurrency" instead.
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Re: Launching the Monetary System (1.4)
« Reply #120 on: January 06, 2015, 09:46:24 am »

Nice!

Think this is the winner, good work crimi and Tosch.

Crimi is there anyway you could create a vertically cropped version without the clouds and moon etc, as currently works very well as a wallpaper but probably a bit busy for a smaller headline picture. Would you be able to move the Nxt chain logo onto the umbrella as think that is pretty key to the concept?

Oh and my ODC speaking here, could LTC be moved to the centre of its bubble?

This is the thunderclap size. Send me a pm if something does not fit. ^^



Large version

http://peerexplorer.com/promotion/nxt_monetary_system_large2.png
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rudeboi

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Re: Launching the Monetary System (1.4)
« Reply #121 on: January 06, 2015, 09:51:27 am »

Nice!

Think this is the winner, good work crimi and Tosch.

Crimi is there anyway you could create a vertically cropped version without the clouds and moon etc, as currently works very well as a wallpaper but probably a bit busy for a smaller headline picture. Would you be able to move the Nxt chain logo onto the umbrella as think that is pretty key to the concept?

Oh and my ODC speaking here, could LTC be moved to the centre of its bubble?

This is the thunderclap size. Send me a pm if something does not fit. ^^



Large version

http://peerexplorer.com/promotion/nxt_monetary_system_large2.png
That looks brilliant, although sorry to say there is a typo in currencys. See a few posts up, spotted by Bezerk
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crimi

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Re: Launching the Monetary System (1.4)
« Reply #122 on: January 06, 2015, 09:56:32 am »

Changed it, i think "Create your own cryptocurrency" is more simple.
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Re: Launching the Monetary System (1.4)
« Reply #123 on: January 06, 2015, 09:58:44 am »

Nice!

Think this is the winner, good work crimi and Tosch.

Crimi is there anyway you could create a vertically cropped version without the clouds and moon etc, as currently works very well as a wallpaper but probably a bit busy for a smaller headline picture. Would you be able to move the Nxt chain logo onto the umbrella as think that is pretty key to the concept?

Oh and my ODC speaking here, could LTC be moved to the centre of its bubble?

This is the thunderclap size. Send me a pm if something does not fit. ^^



Large version

http://peerexplorer.com/promotion/nxt_monetary_system_large2.png
That looks brilliant, although sorry to say there is a typo in currencys. See a few posts up, spotted by Bezerk
Also could the vertical line be removed on the left of the text, or added to the right of the text?

Just so it is the same on both sides.
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salsacz

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Re: Launching the Monetary System (1.4)
« Reply #124 on: January 06, 2015, 10:03:10 am »

This is the thunderclap size. Send me a pm if something does not fit. ^^

http://peerexplorer.com/promotion/nxt_monetary_system_small2.png

pic updated :)
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crimi

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Re: Launching the Monetary System (1.4)
« Reply #125 on: January 06, 2015, 10:06:06 am »

Also could the vertical line be removed on the left of the text, or added to the right of the text?
Just so it is the same on both sides.

Removed it saved some kb storage  ;D

pic updated :)

salsacz has to update again ^^
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Re: Launching the Monetary System (1.4)
« Reply #126 on: January 06, 2015, 10:12:33 am »

well I dont have ODC
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rudeboi

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Re: Launching the Monetary System (1.4)
« Reply #127 on: January 06, 2015, 10:17:09 am »

Also could the vertical line be removed on the left of the text, or added to the right of the text?
Just so it is the same on both sides.

Removed it saved some kb storage  ;D

pic updated :)

salsacz has to update again ^^
Brilliant, looks very professional.



I'll update the OP, Bezerk can you use this one in the MS page.

It might also go out with the press release.
« Last Edit: January 06, 2015, 10:19:47 am by rudeboi »
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Re: Launching the Monetary System (1.4)
« Reply #128 on: January 06, 2015, 10:26:09 am »

sorry to say it, but i find this image to be confusing. none of those coins are part of the MS and its not likely they will hide under the nxt 'umbrella' anytime soon. in addition some of those coins features would be gone if they moved to the MS.
This image suggests that MS will serve as some kind of protection to coins/tokens that have their own blockchain.


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Re: Launching the Monetary System (1.4)
« Reply #129 on: January 06, 2015, 10:37:26 am »

sorry to say it, but i find this image to be confusing. none of those coins are part of the MS and its not likely they will hide under the nxt 'umbrella' anytime soon. in addition some of those coins features would be gone if they moved to the MS.
This image suggests that MS will serve as some kind of protection to coins/tokens that have their own blockchain.

Thats just currency codes? No one said they will move anywhere? But if you want to make a currency with the LTC letters thats possible with Nxt monetary system.
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Re: Launching the Monetary System (1.4)
« Reply #130 on: January 06, 2015, 10:38:12 am »

sorry to say it, but i find this image to be confusing. none of those coins are part of the MS and its not likely they will hide under the nxt 'umbrella' anytime soon. in addition some of those coins features would be gone if they moved to the MS.
This image suggests that MS will serve as some kind of protection to coins/tokens that have their own blockchain.


Suggestions for improvement?
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Cassius

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Re: Launching the Monetary System (1.4)
« Reply #131 on: January 06, 2015, 10:42:31 am »

sorry to say it, but i find this image to be confusing. none of those coins are part of the MS and its not likely they will hide under the nxt 'umbrella' anytime soon. in addition some of those coins features would be gone if they moved to the MS.
This image suggests that MS will serve as some kind of protection to coins/tokens that have their own blockchain.


Suggestions for improvement?

New codes and/or logos will fix that. If we can make the point that MS is suitable for many different applications, including corporate loyalty tokens, local currencies and more, that would be great. A nod towards existing crypto would help, perhaps (a cat face, modified crypto logos...). Maybe even country codes like GBP, USD.
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crimi

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Re: Launching the Monetary System (1.4)
« Reply #132 on: January 06, 2015, 10:45:10 am »



Spelled backwards easteregg?
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Re: Launching the Monetary System (1.4)
« Reply #133 on: January 06, 2015, 10:50:35 am »

sorry to say it, but i find this image to be confusing. none of those coins are part of the MS and its not likely they will hide under the nxt 'umbrella' anytime soon. in addition some of those coins features would be gone if they moved to the MS.
This image suggests that MS will serve as some kind of protection to coins/tokens that have their own blockchain.


Suggestions for improvement?

New codes and/or logos will fix that. If we can make the point that MS is suitable for many different applications, including corporate loyalty tokens, local currencies and more, that would be great. A nod towards existing crypto would help, perhaps (a cat face, modified crypto logos...). Maybe even country codes like GBP, USD.
Good idea. Probably 2 ways to go either with icons or text (like now)

Text could be:
USD
GBP
EUR
CATE (haha)
ORA
MIU

Unsure how we could show crowd funding or tokens in a few letters though.
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Re: Launching the Monetary System (1.4)
« Reply #134 on: January 06, 2015, 10:55:21 am »

At some point decentralised designing sucks, there will be always 30 % that is not happy. I think nem voted month on a logo and still there are a lot of people unhappy. Also there is still no official nxt slogan in what round are we now... Slogan voting 9 or 10? Nxt client design same story... Thats just how it is.
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Re: Launching the Monetary System (1.4)
« Reply #135 on: January 06, 2015, 11:00:27 am »

This umbrella logo is quite good..!  :)
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Re: Launching the Monetary System (1.4)
« Reply #136 on: January 06, 2015, 11:03:01 am »


Unsure how we could show crowd funding or tokens in a few letters though.

KCKST?
CRWDFND?
Steal/adapt a couple of well-known logos?
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Re: Launching the Monetary System (1.4)
« Reply #137 on: January 06, 2015, 11:07:09 am »


Unsure how we could show crowd funding or tokens in a few letters though.

KCKST?
CRWDFND?
Steal/adapt a couple of well-known logos?

CRED or CREDIT
TOKEN
FUND

Probably 5 letters would be the max, could also include some propoer ones that could actually be imported into MS LTC & DOGE for example.
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Re: Launching the Monetary System (1.4)
« Reply #138 on: January 06, 2015, 11:10:55 am »

Those are good.
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Re: Launching the Monetary System (1.4)
« Reply #139 on: January 06, 2015, 11:18:12 am »

Thats the final offer :D





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Re: Launching the Monetary System (1.4)
« Reply #140 on: January 06, 2015, 11:27:14 am »

At some point decentralised designing sucks, there will be always 30 % that is not happy. I think nem voted month on a logo and still there are a lot of people unhappy. Also there is still no official nxt slogan in what round are we now... Slogan voting 9 or 10? Nxt client design same story... Thats just how it is.

Definitely true!

For me we are a few days out for the launch of the MS, this design is great and no one has anything better = we are going to use it.

However I think the comments of using actual coins that can’t be converted to MS probably makes sense, I think let’s have some suggestion of up to 5 letter codes we can use. That way Crimi only need to make a quick change (should he want to).

We currently have 6 slots available: (my stab at the ones that should be included)
USD
EUR
CRED
FUND
LTC
COIN

2 Fiat currencies, 2 use examples, 1 current coin that ‘could’ be imported, COIN to signify a newly created one.

Can you think of a better 6?

P.S. Just saw your easter egg version, made me laugh.
« Last Edit: January 06, 2015, 11:32:27 am by rudeboi »
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Re: Launching the Monetary System (1.4)
« Reply #141 on: January 06, 2015, 11:27:58 am »

Must have posted at the same time as Crimi.  :D
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Re: Launching the Monetary System (1.4)
« Reply #142 on: January 06, 2015, 11:30:29 am »

We currently have 6 slots available: (my stab at the ones that should be included)
USD
EUR
CRED
FUND
LTC
COIN

2 Fiat currencies, 2 use examples, 1 current coin that ‘could’ be imported, COIN to signify a newly created one.

Can you think of a better 6?

Yeah if there is something that makes more sense in the next days i will update. ^^
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Re: Launching the Monetary System (1.4)
« Reply #143 on: January 06, 2015, 11:45:10 am »

technically the coins under the umbrella should be in the rain and maybe ora/MIC (NOXT? any others?) should be under the umbrella. since nobody knows what ora and mic are i'm not sure if the point of MS will be clear.

the umbrella concept is great. apologies for criticizing without bringing any ideas to the table.
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Re: Launching the Monetary System (1.4)
« Reply #144 on: January 06, 2015, 03:18:12 pm »

technically the coins under the umbrella should be in the rain and maybe ora/MIC (NOXT? any others?) should be under the umbrella. since nobody knows what ora and mic are i'm not sure if the point of MS will be clear.

the umbrella concept is great. apologies for criticizing without bringing any ideas to the table.
Constructive critism is always welcome.

Yeah I thought about including ORA, MIC etc but like you said no body knows what those are, are they might change their name when they egt released on MS.

So went for terms that I think are selling points: (changed slightly after seeing Crimi's latest)

USD
EUR
TOKEN
CROWD
FUND
COIN

Think CROWD and FUND should be next to each other.

Maybe someone can improve on these, but otherwise lets go with the above as we will probably be only splitting hairs.

Thanks again Crimi for the great image and the tweaks.
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Re: Launching the Monetary System (1.4)
« Reply #145 on: January 06, 2015, 04:10:52 pm »

Coins are good, image is good. Hey, PR is good too :)
All looking good. Great efforts, everyone!
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Re: Launching the Monetary System (1.4)
« Reply #146 on: January 06, 2015, 11:28:07 pm »

@crimi: Nice. Could you also post a large version of this one? Thx. :)


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Re: Launching the Monetary System (1.4)
« Reply #148 on: January 07, 2015, 08:08:24 am »

Thanks, crimi. And the rest of you. Excited.  :)

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Launching the Monetary System (1.4)
« Reply #149 on: January 07, 2015, 08:26:52 am »

The PR has been edited and returned:

NXT Monetary System Infrastructure Allows Creation of New Cryptocurrencies On NXT Blockchain
[Logo Here]

NXT’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies like Bitcoin on top of NXT – will go live on 10 January 2015.

The Monetary System (MS) allows users to launch new currencies like Bitcoin, securing them with the NXT blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the NXT platform, without the need for an external two-way peg.

Real-world application
The NXT Monetary System brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world applications as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new cryptocurrency. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customizable

The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but remarkably flexible.

The full list of parameters (with potential use cases) includes:

•   Exchangeable: Currencies can be exchanged all within the NXT platform or on traditional exchanges, each identified by unique name and ticker symbols (e.g. BTC, USD).
•   Controllable: Currencies may optionally only be traded with the issuing account (e.g. backed tokens such as gift vouchers).
•   Reserveable: Currency units are released and distributed if funding requirements are met within the given timescale, if not funds are automatically returned (e.g. crowdfunding).
•   Claimable: Reserveable units can later be exchanged at an agreed rate.
•   Mintable: Currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by NXT's proof-of-stake algorithm.
•   Shuffleable: Coins can be shuffled when this feature is implemented (anonymity).

Macro implications

The Monetary System improves the distribution of wealth across the NXT ecosystem, each currency unit possessing its own financial value.

MS also allows for the further decentralization of cyptocurrency and the wider economic landscape, achieved by:

•   Importing: First generation cryptocurrencies can transition into an MS currency, allowing them to take advantage of the many powerful features of the NXT platform and ecosystem – including the Asset Exchange, Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.
•   Exporting: In the future a whole economy based on a MS currency could be transferred out of the NXT system to another platform should the necessity arise.

For more information and to try NXT Monetary System for yourself please visit: www.NXT.org
**********
Formatting is better than shown above (I'm on mobile device at the mo)

Minor changes I've noticed:
-title changed
- bitcoin mentioned more
- NXT is all caps now, while technically incorrect I don't think it matters

Let me know as a community if we are happy with their changes, if we are I will give the green light to them later  today.
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Re: Launching the Monetary System (1.4)
« Reply #150 on: January 07, 2015, 08:30:20 am »

I will go with v4 of crimi's logo for the PR

Can someone provide me a screenshot of Nxt.org, needed for the PR. I can't do it on my mobile.
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Re: Launching the Monetary System (1.4)
« Reply #151 on: January 07, 2015, 09:16:48 am »

That PR text broadly looks ok to me. I would have liked something in the title about how fast it is to create a whole new currency, but this is good enough.
Side point: how valid is it to call them independent currencies? They rely on NXT's blockchain, but trade independently. Presumably they need NXT's wallet, though it might be possible to create a dedicated wallet for them?
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Re: Launching the Monetary System (1.4)
« Reply #152 on: January 07, 2015, 09:21:48 am »

I will go with v4 of crimi's logo for the PR

Can someone provide me a screenshot of Nxt.org, needed for the PR. I can't do it on my mobile.



Full size: http://i.imgur.com/lYBi4ar.png

I've uploaded the PR here: http://nxter.org/category/pr/ but won't share it on social media. Unless no prominent media takes it. :)

[edit]: I didn't go with the changes.

That PR text broadly looks ok to me. I would have liked something in the title about how fast it is to create a whole new currency, but this is good enough.
Side point: how valid is it to call them independent currencies? They rely on NXT's blockchain, but trade independently. Presumably they need NXT's wallet, though it might be possible to create a dedicated wallet for them?

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Re: Launching the Monetary System (1.4)
« Reply #153 on: January 07, 2015, 09:36:08 am »

Also, I think it's important to guide potential issuers to an MS enabled testnet to avoid that they spend 25K on panic registering some great MS coin in 2 minutes - but sets the wrong parameters (and blame "Nxt").

Will there be a testnet available on Nxt.org after block 330K?

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Re: Launching the Monetary System (1.4)
« Reply #154 on: January 07, 2015, 10:26:45 am »

Also, I think it's important to guide potential issuers to an MS enabled testnet to avoid that they spend 25K on panic registering some great MS coin in 2 minutes - but sets the wrong parameters (and blame "Nxt").

Will there be a testnet available on Nxt.org after block 330K?
Don't worry, there will be an online demo placed on nxt.org for the launch.  :)
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Re: Launching the Monetary System (1.4)
« Reply #155 on: January 07, 2015, 10:47:09 am »

Will there be a testnet available on Nxt.org after block 330K?
Don't worry, there will be an online demo placed on nxt.org for the launch.  :)

Life is good. :)

prepare the servers :D

Please share the link whenever there is one and I'll send some visitors.

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Re: Launching the Monetary System (1.4)
« Reply #156 on: January 07, 2015, 10:57:46 am »

Will there be a testnet available on Nxt.org after block 330K?
Don't worry, there will be an online demo placed on nxt.org for the launch.  :)

Life is good. :)

prepare the servers :D

Please share the link whenever there is one and I'll send some visitors.

I need some ideas for setting up some example MS currencies for the demo.

Visit the below link to help:
https://nxtforum.org/monetary-system/ms-coin-examples-please/
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Re: Launching the Monetary System (1.4)
« Reply #157 on: January 07, 2015, 11:31:13 am »

Jones shares his expectations



MS, VS, phasing… http://nxter.org/a-few-upcoming-nxt-features-explained/

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Re: Launching the Monetary System (1.4)
« Reply #158 on: January 07, 2015, 12:41:48 pm »

Thats the final offer :D







Why is the coverage area of the umbrella larger than it should be?
This looks stupid.
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Re: Launching the Monetary System (1.4)
« Reply #159 on: January 07, 2015, 01:28:27 pm »

Why is the coverage area of the umbrella larger than it should be?
This looks stupid.

An image doesn't need to reflect realism.
The image looks fine as how it is right now imo. Good work Crimi!

Positive criticism only please ... Thank you.
« Last Edit: January 07, 2015, 02:02:24 pm by Michiel »
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Re: Launching the Monetary System (1.4)
« Reply #160 on: January 07, 2015, 02:18:32 pm »


Thats the final offer :D







Why is the coverage area of the umbrella larger than it should be?
This looks stupid.

Stop nitpicking ;)

It's fine, rain doesn't necessarily fall downwards anyway, mainly because the gravitational force from the coins pushes the rain away.
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Re: Launching the Monetary System (1.4)
« Reply #161 on: January 07, 2015, 02:36:09 pm »

Why is the coverage area of the umbrella larger than it should be?
This looks stupid.

We should definitely write a whitepaper next time we start marketing about any aspect of it.  :D
Why is it raining anyway? Could be a umbrella for sun protection. Why is it blue? I dont know.
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Re: Launching the Monetary System (1.4)
« Reply #162 on: January 08, 2015, 07:25:25 am »

I agree. The graphic makes not sense. Its raining and Nxt is protecting coins that already exist. LOL. That makes no sense.
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Re: Launching the Monetary System (1.4)
« Reply #163 on: January 08, 2015, 07:42:14 am »

I agree. The graphic makes not sense. Its raining and Nxt is protecting coins that already exist. LOL. That makes no sense.

It would make sense for the currency transfer thing (to move existing currencies into Nxt blockchain), but for the launching of the MS I have to agree, plus rain is not a pleasant thing...

Just my NXT0.05
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Re: Launching the Monetary System (1.4)
« Reply #164 on: January 08, 2015, 07:49:08 am »

I agree. The graphic makes not sense. Its raining and Nxt is protecting coins that already exist. LOL. That makes no sense.

It would make sense for the currency transfer thing (to move existing currencies into Nxt blockchain), but for the launching of the MS I have to agree, plus rain is not a pleasant thing...

Just my NXT0.05

I like it.
Could always put a few out in the rain. GOX, LTC, XPY...
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Re: Launching the Monetary System (1.4)
« Reply #165 on: January 08, 2015, 08:10:15 am »


I agree. The graphic makes not sense. Its raining and Nxt is protecting coins that already exist. LOL. That makes no sense.

It would make sense for the currency transfer thing (to move existing currencies into Nxt blockchain), but for the launching of the MS I have to agree, plus rain is not a pleasant thing...

Just my NXT0.05

The version I went with doesn't include the real coin names, see OP.
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Re: Launching the Monetary System (1.4)
« Reply #166 on: January 09, 2015, 08:17:31 am »

https://www.thunderclap.it/projects/20959-create-your-own-cryptocurrency

Please support the campaign with some real Twitter and Facebook accounts, also ask your friends  8)
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Re: Launching the Monetary System (1.4)
« Reply #167 on: January 09, 2015, 08:56:24 am »

Press releases to be sent out today :)
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Re: Launching the Monetary System (1.4)
« Reply #168 on: January 09, 2015, 10:53:00 am »

Very nice!
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Re: Launching the Monetary System (1.4)
« Reply #169 on: January 09, 2015, 10:54:04 am »

:) Not many blocks to go now.
I wonder how many currencies will be launched in the first week?
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Re: Launching the Monetary System (1.4)
« Reply #170 on: January 09, 2015, 12:08:37 pm »

Many will be issued.

No serious Coin will be launched the first week.
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Re: Launching the Monetary System (1.4)
« Reply #171 on: January 09, 2015, 12:12:25 pm »

Many will be issued.

No serious Coin will be launched the first week.

Does that mean that MIC will launch this week?  ;)
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Re: Launching the Monetary System (1.4)
« Reply #172 on: January 09, 2015, 12:47:24 pm »

 :D
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Re: Launching the Monetary System (1.4)
« Reply #173 on: January 09, 2015, 01:14:42 pm »

I just installed the nxt 1.4.7. but I can't find the monetary system tab, what am I doing wrong?
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Re: Launching the Monetary System (1.4)
« Reply #174 on: January 09, 2015, 01:15:55 pm »

I just installed the nxt 1.4.7. but I can't find the monetary system tab, what am I doing wrong?

You have to wait this time until you see it: http://jnxt.org/countdown/?block=330000
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Re: Launching the Monetary System (1.4)
« Reply #175 on: January 09, 2015, 01:18:51 pm »

I just installed the nxt 1.4.7. but I can't find the monetary system tab, what am I doing wrong?

You have to wait this time until you see it: http://jnxt.org/countdown/?block=330000

Then by refreshing the client it will appear?
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Re: Launching the Monetary System (1.4)
« Reply #176 on: January 09, 2015, 01:25:24 pm »

It's automatic. No refresh needed.
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Re: Launching the Monetary System (1.4)
« Reply #177 on: January 09, 2015, 01:27:56 pm »

It's automatic. No refresh needed.

Thanks! :)
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Re: Launching the Monetary System (1.4)
« Reply #178 on: January 09, 2015, 02:13:41 pm »

It's really cool. New things appear by magic when you get to the release block.
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Re: Launching the Monetary System (1.4)
« Reply #179 on: January 09, 2015, 02:21:28 pm »

It's automatic. No refresh needed.

In fact, you'll need to restart your session in the browser since the code which enables the menu item is executed during initialization.
Once your session is restarted you'll see:
The monetary system menu, the asset divided payment link and a delete button on the aliases table.

There is no need to restart your node.
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Re: Launching the Monetary System (1.4)
« Reply #180 on: January 09, 2015, 02:23:29 pm »



 :) ;) :D ;D

Can we put BTC under it as well?
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Re: Launching the Monetary System (1.4)
« Reply #181 on: January 09, 2015, 03:27:28 pm »

Hm, my web hosting company tells me "let's wait and see" when I ask if the server can survive a Thunderclap campaign.  :-\ pffft

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Re: Launching the Monetary System (1.4)
« Reply #182 on: January 09, 2015, 03:37:30 pm »

Hm, my web hosting company tells me "let's wait and see" when I ask if the server can survive a Thunderclap campaign.  :-\ pffft

He can't see whether it's 20,000 or 1,000,000 people who will receive it.

That's like asking a car dealer whether the car can drive on a road without telling him what kind of road  ;D
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Re: Launching the Monetary System (1.4)
« Reply #183 on: January 09, 2015, 03:53:46 pm »

Hm, my web hosting company tells me "let's wait and see" when I ask if the server can survive a Thunderclap campaign.  :-\ pffft

He can't see whether it's 20,000 or 1,000,000 people who will receive it.

That's like asking a car dealer whether the car can drive on a road without telling him what kind of road  ;D

Yup, I know. He can only see 30K tweets in an instance this far, I just got a liiiiittle provoked because our conversation made it very clear that he really didn't care. Like "don't worry, if the server goes down, you won't be charged before next month".

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Re: Launching the Monetary System (1.4)
« Reply #184 on: January 09, 2015, 03:54:40 pm »

Hm, my web hosting company tells me "let's wait and see" when I ask if the server can survive a Thunderclap campaign.  :-\ pffft

He can't see whether it's 20,000 or 1,000,000 people who will receive it.

That's like asking a car dealer whether the car can drive on a road without telling him what kind of road  ;D

Yup, I know. He can only see 30K tweets in an instance this far, I just got a liiiiittle provoked because our conversation made it very clear that he really didn't care. Like "don't worry, if the server goes down, you won't be charged before next month".

I say we bring it down if he doesn't care! :)
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Re: Launching the Monetary System (1.4)
« Reply #185 on: January 09, 2015, 03:56:00 pm »

Always makes for a good web article :)
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Re: Launching the Monetary System (1.4)
« Reply #186 on: January 09, 2015, 03:56:40 pm »

Hm, my web hosting company tells me "let's wait and see" when I ask if the server can survive a Thunderclap campaign.  :-\ pffft

He can't see whether it's 20,000 or 1,000,000 people who will receive it.

That's like asking a car dealer whether the car can drive on a road without telling him what kind of road  ;D

Yup, I know. He can only see 30K tweets in an instance this far, I just got a liiiiittle provoked because our conversation made it very clear that he really didn't care. Like "don't worry, if the server goes down, you won't be charged before next month".

I say we bring it down if he doesn't care! :)

I want to speak to your boss NOW, kiddo! Don't you know this is NXT!  :D

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Re: Launching the Monetary System (1.4)
« Reply #187 on: January 09, 2015, 03:57:15 pm »

Always makes for a good web article :)
:)

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Re: Launching the Monetary System (1.4)
« Reply #188 on: January 09, 2015, 04:20:32 pm »

Kill it.
Unleash NXT!
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Re: Launching the Monetary System (1.4)
« Reply #189 on: January 09, 2015, 04:31:50 pm »

Kill it.
Unleash NXT!

"Release the NXTen!"  ;D
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Re: Launching the Monetary System (1.4)
« Reply #190 on: January 09, 2015, 07:48:08 pm »



 :) ;) :D ;D

Can we put BTC under it as well?

I wouldn't bet against... that all those currency codes will be registered by the end of the weekend, its time for plan b they said.  :D
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Re: Launching the Monetary System (1.4)
« Reply #191 on: January 09, 2015, 09:23:40 pm »

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Re: Launching the Monetary System (1.4)
« Reply #194 on: January 10, 2015, 10:04:19 am »

It's a good day for the launch of MS. Bitcoin and Litecoin are bleeding, traders are losing hope. Maybe Nxt can save them :)
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Re: Launching the Monetary System (1.4)
« Reply #195 on: January 10, 2015, 10:36:51 am »

For a long time to come, it won't be good for cryptos if BTC is bleeding.
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Re: Launching the Monetary System (1.4)
« Reply #196 on: January 10, 2015, 10:48:16 am »

For a long time to come, it won't be good for cryptos if BTC is bleeding.
Yes.

And for a long time to come, when governments begin to grasp what the cryptos will do to them.

And the banks.

And the credit cards companies.

and and and :) :) :)
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Re: Launching the Monetary System (1.4)
« Reply #197 on: January 10, 2015, 03:23:14 pm »

It was only on the first page a little. If somebody will create in BTC in ms what are possibilities with it?
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Re: Launching the Monetary System (1.4)
« Reply #198 on: January 10, 2015, 04:32:05 pm »

It was only on the first page a little. If somebody will create in BTC in ms what are possibilities with it?

it very much depends on the issuer and his efforts...

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Re: Launching the Monetary System (1.4)
« Reply #199 on: January 10, 2015, 06:45:36 pm »

Just under 2 hours remain until MS goes live!

Can't wait that long, try MS on the new online demo now :)

https://nxtforum.org/news-and-announcements/nxt-online-demo/msg148355/#new
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Re: Launching the Monetary System (1.4)
« Reply #200 on: January 10, 2015, 07:14:03 pm »

It was only on the first page a little. If somebody will create in BTC in ms what are possibilities with it?

it very much depends on the issuer and his efforts...

I read about new coin in MS but not about creating existing and working BTC based coin in Monetary System.

One cool thing for example?
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Launching the Monetary System (1.4)
« Reply #201 on: January 10, 2015, 11:00:06 pm »

Nxt demo now online:
www.nxt.org/demo
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Re: Launching the Monetary System (1.4)
« Reply #202 on: January 10, 2015, 11:35:46 pm »

Nxt demo now online:
www.nxt.org/demo

This is great :)

Thanks so much for setting this up.
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Re: Launching the Monetary System (1.4)
« Reply #203 on: January 11, 2015, 04:28:06 am »

Does a new coin issued via Monetary System take quite awhile to show up in the client? It took my 40 NXT without complaining when I clicked the submit button, albeit it's been several minutes and they're not showing up under "My Currencies". Just wondering how long it generally takes before they show up, since this is all new to me. Thanks!
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Re: Launching the Monetary System (1.4)
« Reply #204 on: January 11, 2015, 05:28:18 am »

I think it would work like the other transactions: When you send one, it goes to the network, and waits for a block to be forged. That takes two minutes on average, but might take more than an hour in very rare cases. Once that is done, there are no other delays.
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Re: Launching the Monetary System (1.4)
« Reply #205 on: January 11, 2015, 06:04:20 am »

Does a new coin issued via Monetary System take quite awhile to show up in the client? It took my 40 NXT without complaining when I clicked the submit button, albeit it's been several minutes and they're not showing up under "My Currencies". Just wondering how long it generally takes before they show up, since this is all new to me. Thanks!
View "all" and you should see the newly-created currency in the list.
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Re: Launching the Monetary System (1.4)
« Reply #206 on: January 11, 2015, 06:09:42 am »

That's what I did initially, which is what got me to thinking I've got a corrupt db (along with several other anomalies experienced). On ~block 95K, so I should know by tomorrow. Either way, the transaction should be in the blockchain, so I'm not too worried as of yet.
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Re: Launching the Monetary System (1.4)
« Reply #207 on: January 11, 2015, 07:41:45 pm »

It was indeed a corrupt db. Everything now works beautifully!
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Re: Launching the Monetary System (1.4)
« Reply #208 on: January 12, 2015, 01:20:31 pm »

If you want to help with NRS client translation for Monetary System:
https://nxtforum.org/nrs-client-development/nrs-client-translations-for-monetary-system/
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Re: Launching the Monetary System (1.4)
« Reply #209 on: January 14, 2015, 01:47:18 am »

You sent 28,000 NXT to bitcoinprbuzz. Do you see how many visitors came to Nxt.org because of that? I am curious why no nxter supported such expensive promo by tweeting about those PRs, etc, only robots of fake accs
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Re: Launching the Monetary System (1.4)
« Reply #210 on: January 14, 2015, 03:29:17 am »

You sent 28,000 NXT to bitcoinprbuzz. Do you see how many visitors came to Nxt.org because of that? I am curious why no nxter supported such expensive promo by tweeting about those PRs, etc, only robots of fake accs

Sorry to jump on this, but we could deliver approx 600 new users to a nxt service of choice with that kind of cash :/ .
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Re: Launching the Monetary System (1.4)
« Reply #211 on: January 14, 2015, 08:32:19 am »

You sent 28,000 NXT to bitcoinprbuzz. Do you see how many visitors came to Nxt.org because of that? I am curious why no nxter supported such expensive promo by tweeting about those PRs, etc, only robots of fake accs

Sorry to jump on this, but we could deliver approx 600 new users to a nxt service of choice with that kind of cash :/ .

This!
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Re: Launching the Monetary System (1.4)
« Reply #212 on: January 14, 2015, 08:49:36 am »


You sent 28,000 NXT to bitcoinprbuzz. Do you see how many visitors came to Nxt.org because of that? I am curious why no nxter supported such expensive promo by tweeting about those PRs, etc, only robots of fake accs

22500 NXT was sent to bitcoinprbuzz.
I'll give a summary of how the PR is going when I get a moment.

Hopefully Berzerk will be able to provide the Nxt.org visitor statistics post promotion. Would be very handy to know where the extra visitors are coming from, through google analytics or similar.
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Re: Launching the Monetary System (1.4)
« Reply #213 on: January 14, 2015, 11:07:57 am »

I'm also curious about the numbers :)

Mostly because I'm interested in how bitcoinprbuzz works these days.

I've looked into them months ago, but then they seemed a bit under par service-wise.

They are supposed to have become better, so I'm interested :)

Are there links to where the article(s) have appeared?
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ChuckOne

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Re: Launching the Monetary System (1.4)
« Reply #214 on: January 15, 2015, 06:23:11 pm »

You sent 28,000 NXT to bitcoinprbuzz. Do you see how many visitors came to Nxt.org because of that? I am curious why no nxter supported such expensive promo by tweeting about those PRs, etc, only robots of fake accs

Sorry to jump on this, but we could deliver approx 600 new users to a nxt service of choice with that kind of cash :/ .

+1440
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salsacz

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Re: Launching the Monetary System (1.4)
« Reply #215 on: January 15, 2015, 06:38:48 pm »

Anyway, we successfully survived our third Thunderclap campaign.

https://www.thunderclap.it/projects/20959-create-your-own-cryptocurrency?locale=en - the tweet was shared to 47,460 accounts, + they retweeted it etc. Maybe Apenzl will come with some numbers of site visitors.

We reached more people than with https://www.thunderclap.it/projects/11085-nxt-asset-exchange-starts-now?locale=en

The first thunderclap campaign was here: https://www.thunderclap.it/projects/10960-the-future-is-nxt?locale=en

But Thunderclap is easy, real media/press coverage with some impact is much harder and takes many hours. The offer of my services for TEXTS/MEDIA CAMPAIGNS is still valid: https://nxtforum.org/job-board/salsacz-services/msg67625/#msg67625
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rudeboi

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Re: Launching the Monetary System (1.4)
« Reply #216 on: January 15, 2015, 07:03:51 pm »


You sent 28,000 NXT to bitcoinprbuzz. Do you see how many visitors came to Nxt.org because of that? I am curious why no nxter supported such expensive promo by tweeting about those PRs, etc, only robots of fake accs

Sorry to jump on this, but we could deliver approx 600 new users to a nxt service of choice with that kind of cash :/ .

+1440

This topic was open weeks before the launch of MS with hardly anyone suggesting any promotion ideas, and not one person out of the whole community donating any NXT for promotion.

So we went along with one of the only suggestions to use a press release company, took a punt with bitcoinprbuzz, let's assess how they do and if we want to use their. service again.

Personally spending a measly c. $300 on sending out a press release is the least our community should do considering all the hard work the devs have put into creating the MS feature.

And I would also welcome freebieservers bringing 600 new visitors that sounds great. :)
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