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The Madonna Solution - A Proposal To Reinvent NXT In 2016 To Avoid Extinction  
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Author Topic: The Madonna Solution - A Proposal To Reinvent NXT In 2016 To Avoid Extinction  (Read 5442 times)

durerus

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I agree with this, but have no idea which they could be.
Seems like a discussion worth having...

Yeah. Let's discuss socialistic distribution models forever or at least until Casper comes and ETH copies JL's scalability solution. And especially: Let's prevent a pump of NXT price by all means to not hurt the feelings of toxic asset issuers who don't care about the future of Nxt. And let's screw early adopters by a new ICO.

Irony off.

People will forge when it is profitable or when they love Nxt again. It will be profitable and loved when we have more users and the price of NXT or fNXT rises. We will have more users with 2.0. We will have higher price by aggressively marketing 2.0 and having a 1:1 distribution according to JL's original plan. Let's pump the shit out of this! Why the hell not?

Enough discussions with asset issuers and people who don't hold enough NXT to even try to understand what the 2.0 proposal means. I want a vote about JL's 2.0 proposal with 1 NXT = 1 vote. Yes or now?
« Last Edit: March 28, 2016, 04:10:55 pm by durerus »
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NXT ENTERPRISE

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This is another awesome post

Some great PR points and ideas are coming out now.

Time to turn the trend by an action plan and spread efforts to push these ideas.

For me, 5 and 6 are central. Without them clear: you have no story to tell. BCnext had one, improve bitcoin. Now that it is done, we are lost.

So here is my perception of this.

As an e-Business inventor who tries to exploit the new territories that crypto-currencies have opened and who tries to do it in an "ethical way" (I only define ethic as a way I feel proud of..), for me, NXT is the crypto network to choose because :

I need a database of reference with the crypto p2p network characteristics (resilient, immuable, ID of data writer, data ownership and value exchange mechanisms). Then, these datas can be read, manipulated and even marketed by others! which is a strong disruptive marketing point that I'm thrilled about. I'm not thinking about building website anymore but protocols : "how to use the underlying crypto network to propose this or this solution to the outside world problem". Off course, I'll have to build website, but just for convenience and to capture some marketed value. But not for my creation to exist. The creation will exist as a form of text that describe how to use the crypto network (a protocol).

A network pegged to Bitcoin could probably offer the same level of features and security, but POW is such a disturbing concept due to the waste of energy. So I have to concede some initial "security" to look outside Bitcoin to find an evolution of Pow. I first found Gridcoin, who succeed to use POW to devote computer power for research topics. But Nxt was the first to offer a more complete solution... but still a partial solution... It has always been researching and improving, with always all required emphasis on security coming from experienced volunteers. But until scalability was solved, it was only a partial solution to me. Since there is now a plan that seems to correctly address the scalability issue, NXT now offers me, for the first time (again..) the serious vision that a global crytpo network is a real possibility.

Competitors coins are younger, they are interesting to look at, but there are also full of uncertainties. On the web, everyone tells you: its easy : click here and its done you have what you've ever dreamed of.. After 14 years of professional clicking, I can say that this is NEVER true. I've lost so much time because of these folks. Now I save my time and money and go to the more experienced ones who make the hard job of not making easy promises.

NXT seems a good choice to me because : no POW (ethic) , color coins (broaden possibilities), API focused (100 times more important than a client to me), no Turing complete smart contract (this scares me that transactions does not goes trough and everything will break), inputs from a lot of talentuous anonymous people.. (anomity is important here).

What I feel is missing now, is the factorisation of the features into more general functions. All these features are hard to remember, MS and AE are almost the same but not really. When you look in the DB you realize there should be only one model with two different set of parameters.. and not two different entities with similar way of using them and understanding them. I thinks this is true on many topics. That's because Nxt as evolved from a challenge to exist, to a serie of demonstrations for color coins implementations... and that's where it is now. A showcase of some implementations on a solid crypto basement.

Make it a really multiface tool made for developers to play with. Let them take care of the non tech users, with unlimited use case targets. In fact, it may well be the first crypto cloud, the first true data cloud.

Which brings me the a new name idea : XCloud (for me that what it is and it even has a very usefull built-in currency feature  :P).

PS: Tai zen, I like what your do, but if by the end of 2016 you do what you say you would : NXT-SL44-R65Z-HMNZ-7WVJM  I'll take care of them.  ;D
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sadface

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that reutilization of 'okay' had me thinking of southpark :)
https://www.youtube.com/watch?v=KqOsrniBooQ

other than that video was well done ofc (not here to discuss content).
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lurker10

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I agree with this, but have no idea which they could be.
Seems like a discussion worth having...

Yeah. Let's discuss socialistic distribution models forever or at least until Casper comes and ETH copies JL's scalability solution. And especially: Let's prevent a pump of NXT price by all means to not hurt the feelings of toxic asset issuers who don't care about the future of Nxt. And let's screw early adopters by a new ICO.

Irony off.

People will forge when it is profitable or when they love Nxt again. It will be profitable and loved when we have more users and the price of NXT or fNXT rises. We will have more users with 2.0. We will have higher price by aggressively marketing 2.0 and having a 1:1 distribution according to JL's original plan. Let's pump the shit out of this! Why the hell not?

Enough discussions with asset issuers and people who don't hold enough NXT to even try to understand what the 2.0 proposal means. I want a vote about JL's 2.0 proposal with 1 NXT = 1 vote. Yes or now?

+1440

There'll never be an agreement who to expropriate from for an IPO. The idea of IPO is flawed. Let's go with the 1:1 fNXT distribution and be done with it. This community can't decide anything, too much discussion by the same people, the rest just don't care. Jean Luc's original plan for the win.
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Sebastien256

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I agree with this, but have no idea which they could be.
Seems like a discussion worth having...

Yeah. Let's discuss socialistic distribution models forever or at least until Casper comes and ETH copies JL's scalability solution. And especially: Let's prevent a pump of NXT price by all means to not hurt the feelings of toxic asset issuers who don't care about the future of Nxt. And let's screw early adopters by a new ICO.

Irony off.

People will forge when it is profitable or when they love Nxt again. It will be profitable and loved when we have more users and the price of NXT or fNXT rises. We will have more users with 2.0. We will have higher price by aggressively marketing 2.0 and having a 1:1 distribution according to JL's original plan. Let's pump the shit out of this! Why the hell not?

Enough discussions with asset issuers and people who don't hold enough NXT to even try to understand what the 2.0 proposal means. I want a vote about JL's 2.0 proposal with 1 NXT = 1 vote. Yes or now?

+1440

There'll never be an agreement who to expropriate from for an IPO. The idea of IPO is flawed. Let's go with the 1:1 fNXT distribution and be done with it. This community can't decide anything, too much discussion by the same people, the rest just don't care. Jean Luc's original plan for the win.

I also agree a vote would be good. At least the vote could be a yes or no on JL proposal. If a yes is the result, we could vote later on how and when to do the 1:1 distribution. If the results is negative we could then vote between two proposal at a time on furture poll and always kept the more popular proposition in a next poll. This mean on the second poll (if need) JL proposal would still be a choice. At the very least thing would advance. After a few poll, a clear preference will show up. I suggest NXT foundation to organize the polls.
« Last Edit: March 28, 2016, 05:32:20 pm by Sebastien256 »
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CryptKeeper

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Hi Tai Zen and welcome back!  :-* :D 

I've thought we've lost you, glad that we didn't. Thanks for contributing to the Nxt 2.0 discussion!
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Tai Zen

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Fellow Nxters,

1.  Many of you guys myself and my buddy Leon Fu as early investors of NXT.  In addition to Marc De Mesel, we have made the most NXT videos online to help promote NXT since it first came out.  We even went to the 1st Texas Bitcoin Conference to spread the word about NXT.  In addition, myself and Damelon and others in the NXT community to help organize and start the NXT Foundation so we can help promote NXT.  Due to my father in law's open heart surgery which consumed all my time and resources, I had to resign from the NXT Foundation.  However, I still followed NXT behind the scenes.

2.  I have not made any videos about NXT during it's decline in the crypto community because I had no solution to fix the decline in NXT.  However, the recent successes of Ethereum, Auger, Lisk, etc. and talk of NXT 2.0 has prompted Leon Fu and I (with input from our friend James D'Angelo from the World Bitcoin Network) to come up with these 10 Keys To Success in reinventing NXT. 

3.  We are calling this proposal "The Madonna Solution" because we believe that NXT needs to reinvent itself in order to avoid extinction.  Here is our proposal:

https://www.youtube.com/watch?v=CGRUERF2FHk

Let me know your thoughts guys...

Enjoy
Tai Zen

Great video, and good suggestions too!

I disagree we need a new ICO though, I think we just need to push the idea that every NXT bought now entitles the buyer to fNXT after 2.0 launch. We could even do the same as what LISK did and create a NXT 2.0 branded 'IPO' page that uses shapeshift as the backend so people can buy fNXT with any crypto they like. We could even add a small fee that went into a dev fund.

Obviously people more familiar with crypto would realise they could just buy NXT at a regular exchange, but there's nothing stopping us creating the IPO 'vibe' like LISK did with such success. Obviously the price for a NXT 2.0 IPO isn't fixed, but with the right marketing it would be easy to push the idea that NXT is going to rise in price as fNXT and 2.0 plans become more widely known, so there's an early bird discount of sorts.

As for marketing, I think there are only two really interesting people to come out of the crypto scene so far, Satoshi and BCNext. There's lots of other cool people for sure, but nobody can compete with the mystique and understated charisma of what they did, and how they did it, and given that Satoshi has a million bitcoins (supposedly) and BCNext walked away with nothing, BCNext is a far more intriguing figure in many ways.

NXT has always lacked a front man like Andresen, or Andreas Antonopolous, or Vitalek Buterin, but a new marketing effort could still use BCNext as a front man of sorts to grab some attention. Obviously he can't appear at conferences, but others could talk about him and what his values were, and what his actions meant for decentralisation and open source development.

Most people know very little about Che Guevara but his image still became a cultural icon and a powerful symbol about 'values', and after he was dead. The 'anonymous' face mask is the same.



When I think of BCNext I imagine an idealistic eccentric genius, but also a realist "A world with the money can not be perfect". By giving away his NXT creation without making any money himself he did something really quite amazing, and unique compared to every other alt coin. The NXT IPO was a Black Swan event, and despite the envy problem from other crypto early adopters, it's a great story, and end users of crypto products and services wont care. Do regular people not use a product or service because of concern over the wealth of founders and early investors? History of Google, Facebook, Apple, Microsoft, Air BnB etc suggests NO!

I also love that BCNet purposely set out to raise 21 bitoins exactly in the IPO as a homage to Satoshi and the 21M bitcoins, that's a nice touch, and shows his respect to Satoshi.

BCNext is a great marketing asset, and we need to start using him asap.

BCNext was about the "WHY" of crypto currency (make the world a bit better), not just the 'What' and 'How'. Someone posted this video in the iOTA thread and it made me think about how much activity in the cryptospere appears to be about money, and technical achievements, and 'ego', and fame even, but BCNext seems to have had absolutely no interest in any of those things, and that's really interesting, and inspiring, and I think we should honor that, (and cynically use it to pump fNXT to da moon lol). Seriously, BCNext is marketing gold, and we don't need to pay him haha

https://www.youtube.com/watch?v=sioZd3AxmnE

I agree that Satoshi is a genius. As for BCNext, he is nobody and outside NXT no body cares or even knows who he is.

He will never go down in the history of crypto as anybody.  I even forgot who he was until recently when I had to review my notes to make this video.

Millions of dollars went into marketing bitcoin and ethereum to make it the #1 & #2 crypto on the market today.  The idea that NXT can reach that type of exposure for free without marketing and development funding is just wishful thinking.

Tai Zen
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Tai Zen

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woooow it is long time my friend!!   8)

welcome back, i hope your father will are good!!  :-\

Big love my friend!!  :-* :-* :-*

Thanks bro.
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Tai Zen

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Here is my summary of the video, for those of us who prefer text. Feel free to produce a better, more detailed one. I am not Tai Zen. I hope I've not misrepresented him, and I'll edit this if he thinks I have.

Preamble:
Tai Zen's credentials and history
History of NXT issuance. Mistakes made include apparent pre-mine, curtailing of ICO, and small distribution.

The points:
  • 3 month ICO so everyone has time to get involved.
  • Avoid centralisation by distributing to 1000+ people.
  • Publish PoS algorithm in an annotated and understandable way, to address security concerns.
  • Announce in Bitcoin conferences (see Ethereum).
  • Identify clear use case and customer.
  • Two crucial marketing questions:
       What customer pain does Nxt solve?
       What solution is the customer searching for?
  • Bonuses to incentivise ICO investment.
  • Get Microsoft on board.
  • Set aside funding for development and marketing.
  • New name, that answers the questions in 6.
Concluding words:
If Madonna can reinvent herself, so can Nxt. This needs to happen before the end of 2016.

Thanks for the summary bro!
Tai Zen
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Tosch110

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Tai Zen, welcome back! Looking forward to this discussion! Glad to see you thinking about the problems and proposing a solution.

I do not agree with all of the points you made but there are some essential things on your list. Good work!

JohnHolmes

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Fellow Nxters,

1.  Many of you guys myself and my buddy Leon Fu as early investors of NXT.  In addition to Marc De Mesel, we have made the most NXT videos online to help promote NXT since it first came out.  We even went to the 1st Texas Bitcoin Conference to spread the word about NXT.  In addition, myself and Damelon and others in the NXT community to help organize and start the NXT Foundation so we can help promote NXT.  Due to my father in law's open heart surgery which consumed all my time and resources, I had to resign from the NXT Foundation.  However, I still followed NXT behind the scenes.

2.  I have not made any videos about NXT during it's decline in the crypto community because I had no solution to fix the decline in NXT.  However, the recent successes of Ethereum, Auger, Lisk, etc. and talk of NXT 2.0 has prompted Leon Fu and I (with input from our friend James D'Angelo from the World Bitcoin Network) to come up with these 10 Keys To Success in reinventing NXT. 

3.  We are calling this proposal "The Madonna Solution" because we believe that NXT needs to reinvent itself in order to avoid extinction.  Here is our proposal:

https://www.youtube.com/watch?v=CGRUERF2FHk

Let me know your thoughts guys...

Enjoy
Tai Zen

Great video, and good suggestions too!

I disagree we need a new ICO though, I think we just need to push the idea that every NXT bought now entitles the buyer to fNXT after 2.0 launch. We could even do the same as what LISK did and create a NXT 2.0 branded 'IPO' page that uses shapeshift as the backend so people can buy fNXT with any crypto they like. We could even add a small fee that went into a dev fund.

Obviously people more familiar with crypto would realise they could just buy NXT at a regular exchange, but there's nothing stopping us creating the IPO 'vibe' like LISK did with such success. Obviously the price for a NXT 2.0 IPO isn't fixed, but with the right marketing it would be easy to push the idea that NXT is going to rise in price as fNXT and 2.0 plans become more widely known, so there's an early bird discount of sorts.

As for marketing, I think there are only two really interesting people to come out of the crypto scene so far, Satoshi and BCNext. There's lots of other cool people for sure, but nobody can compete with the mystique and understated charisma of what they did, and how they did it, and given that Satoshi has a million bitcoins (supposedly) and BCNext walked away with nothing, BCNext is a far more intriguing figure in many ways.

NXT has always lacked a front man like Andresen, or Andreas Antonopolous, or Vitalek Buterin, but a new marketing effort could still use BCNext as a front man of sorts to grab some attention. Obviously he can't appear at conferences, but others could talk about him and what his values were, and what his actions meant for decentralisation and open source development.

Most people know very little about Che Guevara but his image still became a cultural icon and a powerful symbol about 'values', and after he was dead. The 'anonymous' face mask is the same.



When I think of BCNext I imagine an idealistic eccentric genius, but also a realist "A world with the money can not be perfect". By giving away his NXT creation without making any money himself he did something really quite amazing, and unique compared to every other alt coin. The NXT IPO was a Black Swan event, and despite the envy problem from other crypto early adopters, it's a great story, and end users of crypto products and services wont care. Do regular people not use a product or service because of concern over the wealth of founders and early investors? History of Google, Facebook, Apple, Microsoft, Air BnB etc suggests NO!

I also love that BCNet purposely set out to raise 21 bitoins exactly in the IPO as a homage to Satoshi and the 21M bitcoins, that's a nice touch, and shows his respect to Satoshi.

BCNext is a great marketing asset, and we need to start using him asap.

BCNext was about the "WHY" of crypto currency (make the world a bit better), not just the 'What' and 'How'. Someone posted this video in the iOTA thread and it made me think about how much activity in the cryptospere appears to be about money, and technical achievements, and 'ego', and fame even, but BCNext seems to have had absolutely no interest in any of those things, and that's really interesting, and inspiring, and I think we should honor that, (and cynically use it to pump fNXT to da moon lol). Seriously, BCNext is marketing gold, and we don't need to pay him haha

https://www.youtube.com/watch?v=sioZd3AxmnE

I agree that Satoshi is a genius. As for BCNext, he is nobody and outside NXT no body cares or even knows who he is.

He will never go down in the history of crypto as anybody.  I even forgot who he was until recently when I had to review my notes to make this video.

Millions of dollars went into marketing bitcoin and ethereum to make it the #1 & #2 crypto on the market today.  The idea that NXT can reach that type of exposure for free without marketing and development funding is just wishful thinking.

Tai Zen

I think you're probably right Tai, but that makes me a little sad that what BCNext created, and how he gave it away means very little. IMO we only have the internet and the WWW because the people who invented the tech (tcp/ip, http) were community minded in how they distributed their inventions. The services on top like Google, YouTube and Facebook can make money because the tech underneath them was free and open to develop.

You're right though, we live in a world where marketing moves mountains. We all know Apple exploits cheap labor in the third world, and Steve Jobs in person was probably a pretty awful guy to work for (and even be related to), yet the world reacted to his death like Princess Diana 2.0 ... that was weird!. I guess the reason is they had great user friendly products, and Apple marketing was simple and brilliant most of the time, and that's what NXT needs now. I think the killer product we have is the asset exchange, and later the child chains from 2.0.

I also think changing the name would be a mistake. I always say 'en x tee', so if we need a new name for legal reasons, why not 'ENXTEE', or 'enXtee'? Just don't say 'next' anymore, say the three letters. I agree Madonna is a good example of someone successfully re-inventing themselves, but she didn't change her name, or disown her past, she evolved. When Prince changed his name to that symbol thingy he lost something, that's why afaik he's back to 'Prince' again.
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farl4bit

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Good to hear from you TaiZen, you have great video's with a clear plan. I like that! I don't have time to respond in details now. Hope to see you around more.  :)
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