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Fatih87SK

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Promotion of AE
« on: April 08, 2014, 09:26:41 am »

Quote
Every new release to the mainnet will be very important from now on.

I vote for calling a clear release date/deadline so we can use; nxtcountdown.com

We can invite/inspire more new users with this method. But also educate them with a little text/video or redirect them to other NXT websites to keep nxtcountdown.com clean.

15 May for Asset Exchange for example.

I would like that, too.

Yeah! That's Basic marketing! We need this!

All we need is to agree on a release date. How can we manage this? With our new forum?

Releasing Asset Exchange is getting closer every day so we are losing valuable time to create a great launch.

We could not only promote the AE, but also the client of Wesleyh which is becoming the standard soon.

A lot of new users will be interested.

So. How can we manage this?
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Fatih87SK

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Re: Promotion of AE
« Reply #1 on: April 09, 2014, 09:48:55 am »

No interest?

Alright. Fine. Let's NOT promote it. Let's just wait and see what happens like always.
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wesley

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Re: Promotion of AE
« Reply #2 on: April 09, 2014, 09:51:46 am »

We will have to wait at least until block 150,000 which is when fractional numbers are allowed (NQT). So you can count how long it still is towards AE. Not sure if AE will be released at that time though!
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Damelon

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Re: Promotion of AE
« Reply #3 on: April 09, 2014, 10:27:08 am »

No interest?

Alright. Fine. Let's NOT promote it. Let's just wait and see what happens like always.

My position on this has always been: "If you give us the info, we will promote it."

Seeing this info is not forthcoming and no one either knows or cares to volunteer the info, we cannot effectively market it.

So be it. It is extremely frustrating, I know. But the bottom line is that the info is now not available, so we cannot do it.

The only thing we can do is be prepared for the day it goes live and jump on it then.

We have called out numerous times for roadmaps, information, whatever, but either it's just not possible, or the development team doesn't take the marketing part seriously enough to honor our requests.

I am going on record here that any comment about "the marketing team should get it's act together" will be met with a referral to this post.
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bitcoinpaul

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Re: Promotion of AE
« Reply #4 on: April 09, 2014, 10:30:35 am »

The only thing we can do is be prepared for the day it goes live and jump on it then.


At least you are prepared for it?
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Damelon

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Re: Promotion of AE
« Reply #5 on: April 09, 2014, 10:34:54 am »

The only thing we can do is be prepared for the day it goes live and jump on it then.


At least you are prepared for it?

True. It's the nature of how these kinds of projects evolve that it's not always possible to even give this info, so we should just be prepared to go when needed.

However, on the other hand, info is sometimes available on not given. That is both irritating and frustrating, as afterwards wé tend to get the blame. If that is the case, I refuse to take the blame for it anymore. Hence my last sentence in the message above.

"Prepared" does not mean "we have a site and info package" ready, by the way, as this info also is not clear. In response to people asking us to market the AE to companies, I have already said that at the current level of vagueness I myself am not willing to go to any real company to market it, as that will be bad for Nxt and for my own reputation. Once it is there and it's clear what the use cases are, we can go out and get real companies involved. Not sooner.
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Tosch110

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Re: Promotion of AE
« Reply #6 on: April 09, 2014, 10:39:20 am »

We will have to wait at least until block 150,000 which is when fractional numbers are allowed (NQT).

What does that mean? Is it part of Nxt that it allows NQT from block 150k on or is it a deadline set by the programmers?

1 Block every minute? ~40k Blocks remaining = ~27 days until NQT starts?
Do i interpret this right?

Jean-Luc

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Re: Promotion of AE
« Reply #7 on: April 09, 2014, 11:04:26 am »

This is an arbitrary number and is subject to change in a later release. The smooth transition to NQT (without a blockchain reset) still needs to be tested on test net first.
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Damelon

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Re: Promotion of AE
« Reply #8 on: April 09, 2014, 11:07:43 am »

This is an arbitrary number and is subject to change in a later release. The smooth transition to NQT (without a blockchain reset) still needs to be tested on test net first.

Jean Luc, is there a way for us to make it more easy to communicate about the various features and what their status is?
I could do this by proxy (l8orre for instance) but it would be enormously helpful if we even can get a "dunno, but in x weeks we will know".

Now the only thing we can say is "no idea really" or go hunt all over the forums for info which is inefficient to say the least :)

Could you give some idea on what might be workeable?
I'd prefer a direct line to you (as you probably have the most overview).
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Fatih87SK

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Re: Promotion of AE
« Reply #9 on: April 09, 2014, 11:56:08 am »

This is an arbitrary number and is subject to change in a later release. The smooth transition to NQT (without a blockchain reset) still needs to be tested on test net first.

Jean Luc, is there a way for us to make it more easy to communicate about the various features and what their status is?
I could do this by proxy (l8orre for instance) but it would be enormously helpful if we even can get a "dunno, but in x weeks we will know".

Now the only thing we can say is "no idea really" or go hunt all over the forums for info which is inefficient to say the least :)

Could you give some idea on what might be workeable?
I'd prefer a direct line to you (as you probably have the most overview).

Damelon,

We don't need much. Just a link what AE is. (Salsacz posted a link yesterday which describes well what it is).

A video what NXT is (we've already got that too)

A website where you can download the client of Wesleyh. Got that too.

The only thing we need is clearity. And a direct contact with JL may help.

We already got a website; nxtcountdown.com

This is done so we can do simple promotion at Twitter and Facebook. We cannot aim at big companies right now. That's too early.

BUT... We have to start somewhere.
« Last Edit: April 09, 2014, 12:00:40 pm by Fatih87SK »
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Fatih87SK

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Re: Promotion of AE
« Reply #10 on: April 09, 2014, 11:59:24 am »

And we can do the same with every new release (Transparen Forging, Multigateway, Secret Project etc.). So that everyone get's exited each time.

Like people are standing in the line at the Apple store.

The news can spread like snowballeffect and we will get many new users.
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antanst

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Re: Promotion of AE
« Reply #11 on: April 09, 2014, 12:09:13 pm »

And we can do the same with every new release (Transparen Forging, Multigateway, Secret Project etc.). So that everyone get's exited each time.

Like people are standing in the line at the Apple store.

The news can spread like snowballeffect and we will get many new users.

Sorry, that's just wishful thinking.

Advocating about features that are not yet released, and even don't have a release date set yet, will hurt the credibility of the project.
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Tosch110

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Re: Promotion of AE
« Reply #12 on: April 09, 2014, 12:12:19 pm »

It is not bad in an early stage when people learn to "discover" the advanced features of such a project.

As it comes more handy, more people will use and advertise it

Fatih87SK

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Re: Promotion of AE
« Reply #13 on: April 09, 2014, 12:44:47 pm »

And we can do the same with every new release (Transparen Forging, Multigateway, Secret Project etc.). So that everyone get's exited each time.

Like people are standing in the line at the Apple store.

The news can spread like snowballeffect and we will get many new users.

Sorry, that's just wishful thinking.

Advocating about features that are not yet released, and even don't have a release date set yet, will hurt the credibility of the project.

You completely missed the point.

I am saying we should do this WHEN we have a releaseDATE. Otherwise I agree with you.
« Last Edit: April 09, 2014, 12:48:55 pm by Fatih87SK »
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antanst

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Re: Promotion of AE
« Reply #15 on: April 09, 2014, 01:02:00 pm »

You completely missed the point.

I am saying we should do this WHEN we have a releaseDATE. Otherwise I agree with you.

Yes, I misunderstood the "every new release" you said to mean every new release of NRS, not a release of a feature.
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Damelon

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Re: Promotion of AE
« Reply #16 on: April 09, 2014, 01:28:56 pm »

This is an arbitrary number and is subject to change in a later release. The smooth transition to NQT (without a blockchain reset) still needs to be tested on test net first.

Jean Luc, is there a way for us to make it more easy to communicate about the various features and what their status is?
I could do this by proxy (l8orre for instance) but it would be enormously helpful if we even can get a "dunno, but in x weeks we will know".

Now the only thing we can say is "no idea really" or go hunt all over the forums for info which is inefficient to say the least :)

Could you give some idea on what might be workeable?
I'd prefer a direct line to you (as you probably have the most overview).

Damelon,

We don't need much. Just a link what AE is. (Salsacz posted a link yesterday which describes well what it is).

A video what NXT is (we've already got that too)

A website where you can download the client of Wesleyh. Got that too.

The only thing we need is clearity. And a direct contact with JL may help.

We already got a website; nxtcountdown.com

This is done so we can do simple promotion at Twitter and Facebook. We cannot aim at big companies right now. That's too early.

BUT... We have to start somewhere.

Sorry, but I've been trying to do this for a while now, and for every story "AE will do this" there is another story "AE will not do this, but thát"

The bottom line is: we dón't know what Nxt is. We dón't know what the AE will or will not be. And we dón't have clarity.

I give you the challenge: Explain to me, from a business or consumer perspective, what Nxt ís. And not just in general terms, but what it ís.
Also explain to me what the AE can do. Will there be shares? How is this legal? Can I issue shares? At what price? Who garantuees me that the issuing price will stay the same? Who decides this? The community? Who ís this community? By vote you say? How does this work?

Etc. etc. etc.

Also: wesley's client is nót finished. And it cannot be because he cannot finish it with this information.

You want something that a) is not possible at this time and b) will just create expectations of marketing that marketing people cannot meet.

Sorry to be harsh in this, but we do not have information that will be useful to the general public. All we have now is things in development with no set specifications.
We are getting there, but things are still so fluid that aiming to release specs will only create frustration and hurt.

We are far too obsessed with being "first to market" when it's obvious that at this point we would be "first to market" with a half finished product.
I'd rather be third to market with something solid.
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Fatih87SK

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Re: Promotion of AE
« Reply #17 on: April 09, 2014, 01:46:09 pm »

I'm not obsessed to be first actually.

My wish was to reach more people by this method so they can learn about NXT as a whole.

Because when people see "Asset Exchange is coming now" there will be two kinds of reaction IMHO.

1. From the people who are well known in the crypto world. They will ask critical questions. But when they ask questions WE can think about what we just created.

2. New people. They will look into what NXT is all about. They will be excited about NXT and many will join the community.

If I look back of how I entered the community. I looked very hard on Google and other websites to find something new and innovative projects.

So I was actually aiming for people at category 2 to make the community stronger.

And another aspect why I wanted to let this happen is;

Quote
You have to put yourself in their shoes to understand. My guess is that as the price goes up, the distribution will happen. However with flat prices, there wont be much distribution.

James

When we promote it. There will be more price spikes and the stakeholders can sell their stake more often.
« Last Edit: April 09, 2014, 01:56:28 pm by Fatih87SK »
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Damelon

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Re: Promotion of AE
« Reply #18 on: April 09, 2014, 01:57:59 pm »

I'm not obsessed to be first actually.

My wish was to reach more people by this method so they can learn about NXT as a whole.

Because when people see "Asset Exchange is coming now" there will be two kinds of reaction IMHO.

1. From the people who are well known in the crypto world. They will ask critical questions. But when they ask questions WE can think about what we just created.

2. New people. They will look into what NXT is all about. They will be excited about NXT and many will join the community.

If I look back of how I entered the community. I looked very hard on Google and other websites to find something new and innovative projects.

So I was actually aiming for people at category 2 to make the community stronger.

I am in no way bashing your good intentions.
However, I would ask you to try and answer question 2 yourself *in a way you know that is completely factual, with no reference to features that may or may not be implemented*.

The best way to market Nxt to new people looking to make a contribution in my view is to show it as an open system that is still in a stage of development where loads of things are not set in stone and possible. That is actually the complete opposite as advertising it with features that are specced ;)
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Tosch110

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Re: Promotion of AE
« Reply #19 on: April 12, 2014, 06:35:40 pm »

Once the AE is launched, will there be some tutorials/description of how you can use it, what it can do etc?

I would like to present these features on my Homepage as examples of "What can i do with nxt?"

Is that already in preparation or should i get more informed myself to be able to write such a guide myself quick?

Fatih87SK

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Re: Promotion of AE
« Reply #20 on: April 12, 2014, 06:48:35 pm »

If I'm not wrong there is no preperation.

We are waiting for a miracle =)
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Damelon

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Re: Promotion of AE
« Reply #21 on: April 12, 2014, 07:05:01 pm »

Once the AE is launched, will there be some tutorials/description of how you can use it, what it can do etc?

I would like to present these features on my Homepage as examples of "What can i do with nxt?"

Is that already in preparation or should i get more informed myself to be able to write such a guide myself quick?

There is nothing like a tutorial prepared AFAIK.
If you'd like to help out with that, you would be very welcome.
We need more people to work on those kinds of things. :)
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Tosch110

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Re: Promotion of AE
« Reply #22 on: April 12, 2014, 07:12:50 pm »

Only possibility to get any insights to AE is to use wesleyh's client and access the testnet, right?

Would it work the same on every client afterwards? Has everybody to use wesleyh's client to access the AE and the NQT and everything else?
I do not think that i am capable of writing a tutorial i have too much questions my own atm of what is coming

Damelon

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Re: Promotion of AE
« Reply #23 on: April 12, 2014, 07:32:37 pm »

Only possibility to get any insights to AE is to use wesleyh's client and access the testnet, right?

Would it work the same on every client afterwards? Has everybody to use wesleyh's client to access the AE and the NQT and everything else?
I do not think that i am capable of writing a tutorial i have too much questions my own atm of what is coming

Well, this is exactly the reason why there isn't any tutorial: we don't know!

This is precisely why I haven't invested too much energy in it yet. Things are still fluid enough to render any tutorial that is written now obsolete by the time it is needed.

I prefer to know this and spend a few sleepless nights getting this done when it is needed instead of worrying about it now :)
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Re: Promotion of AE
« Reply #24 on: April 16, 2014, 03:18:29 pm »

as I asked month ago here:
https://bitcointalk.org/index.php?topic=460343.msg5761226#msg5761226

if you have any  ideas about using AE, really in real life - just simple ideas, please post them here

thanks
« Last Edit: April 16, 2014, 03:20:20 pm by salsacz »
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landomata

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Re: Promotion of AE
« Reply #25 on: April 16, 2014, 03:29:19 pm »

Guys I think we should try a different approach from the other failed dEX launches.

& we should incorporate Multigateway functions.....targeted at crypto-traders etc.....maybe buy an ad on bitcoin talk even better COINDESK.

I think Marketing guys should coordinate with James....on an organized marketing push to the CRYPTO INVESTOR/TRADER.

An ad at the top of COINMARKETCAP.COM ...you get the picture.....we need to be where the TRADERS go....and our ad must communicate exactly what we will offer.

A simple LANDING PAGE....with the COUNTDOWN....with information & a window to gather e-mails.

« Last Edit: April 16, 2014, 03:33:59 pm by landomata »
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Re: Promotion of AE
« Reply #26 on: April 16, 2014, 04:18:46 pm »

true. Who would like to create those banners? https://nxtforum.org/nxt-promotion/infographics/msg5940/#msg5940
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VanBreuk

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Re: Promotion of AE
« Reply #27 on: April 16, 2014, 05:11:25 pm »

I'm preparing a banner submission for the AE promotion fyc, will upload this evening.
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Re: Promotion of AE
« Reply #28 on: April 20, 2014, 03:20:07 pm »

We will have to wait at least until block 150,000 which is when fractional numbers are allowed (NQT). So you can count how long it still is towards AE. Not sure if AE will be released at that time though!
150,000 block,I have to wait for a long time
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Re: Promotion of AE
« Reply #29 on: April 20, 2014, 03:25:52 pm »

That figure of 150,000 is not official. It appeared in a software change log from a previous client update, but since then Jean-Luc -NRS developer- has made clear that the NQT_BLOCK has yet to be defined and might be quite sooner than 150,000.

[/offtopic].
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landomata

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Re: Promotion of AE
« Reply #30 on: April 22, 2014, 10:09:32 am »

Guys AE IS LIVE IN ~ 2 weeks.....BLOCK 135,000....lets get moving.


Can someone find out how much for a banner on Coinmarketcap & Coindesk?
« Last Edit: April 22, 2014, 11:43:36 am by landomata »
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bitcoinpaul

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Re: Promotion of AE
« Reply #31 on: April 22, 2014, 10:11:32 am »

Without multisig gateway? Meh...
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landomata

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Re: Promotion of AE
« Reply #32 on: April 22, 2014, 10:19:25 am »

Without multisig gateway? Meh...

@ James...can we have something basic by then?

AE goes live in 19-20 days.

« Last Edit: April 22, 2014, 10:23:45 am by landomata »
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mikesbmw

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Re: Promotion of AE
« Reply #33 on: April 22, 2014, 10:39:32 am »

Without multisig gateway? Meh...

@ James...can we have something basic by then?

AE goes live in 19-20 days.

We are currently at block 119,000 (according to Nxt Block Explorer) so that would make it close to 11 days (1440 blocks per day).
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landomata

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Re: Promotion of AE
« Reply #34 on: April 22, 2014, 10:50:03 am »

Without multisig gateway? Meh...

@ James...can we have something basic by then?

AE goes live in 19-20 days.

We are currently at block 119,000 (according to Nxt Block Explorer) so that would make it close to 11 days (1440 blocks per day).

Block times are not exactly 1 minute at the moment....not till TF is implemented 100%....now its like 809 blocks per day.

https://nxtforum.org/general-discussion/asset-exchange-block-135-000/msg10980/#msg10980

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Re: Promotion of AE
« Reply #35 on: April 22, 2014, 10:57:56 am »

The average time between block is being stable around 110 seconds from here :

http://charts.nxtcrypto.org/cAvgBlockConfirmTime.aspx
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mikesbmw

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Re: Promotion of AE
« Reply #36 on: April 22, 2014, 02:03:07 pm »

Ah, of course. I hardly ever see just 1 minute between blocks.

You are right than!  ;D
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jl777

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Re: Promotion of AE
« Reply #37 on: April 22, 2014, 11:18:48 pm »

Without multisig gateway? Meh...

@ James...can we have something basic by then?

AE goes live in 19-20 days.
Assuming testnet doesnt get reset again, I have in my roadmap for this week, a test release of multigateway. Then we REALLY need a lot of people testing it. Last time I made a release almost nobody tested. With a hard deadline, I hope that we can find tester peoples

The code is 90% done, source review 50% done. I think we should go to mainnet with some low risk coins first, like DOGE. then assuming no major issues, we can add LTC, BTC, then dozens more.

It would really help if we got a multigateway assistant programmer. I have written it so that adding a new coin is not much work at all, but it does take a lot of time. Mostly installing and testing the coin daemon, downloading blockchains, etc. I think my time is better spent creating cutting edge stuff like NXTsubatomic, NXTatomic, NXTorrent, etc.

I am pretty good at cranking out code quickly, but when it comes to the process of finding and fixing every little bug, I am no faster than normal. So, the overall output would be much more if I could concentrate on the first 90% of the projects and then hand it off to someone else for the last 10%.

Also, my "contract" is over May 12th, so after that I will prioritize my time solely based on monetization as I do have RL bills. I will of course,continue to support all the projects that I have worked on.

James
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EvilDave

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Re: Promotion of AE
« Reply #38 on: April 22, 2014, 11:26:11 pm »

I would really like to be able to demo the AE at the A'dam conference, from 15-17 May
If we can impress the Bitcoin crowd there with funky NXT features, the possibilties are endless.

In other words: help James, please. Give him money, help with testing.
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Fatih87SK

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Re: Promotion of AE
« Reply #39 on: April 23, 2014, 06:14:15 am »

I think we should open a new topic about Multigateway to test it.

We can discuss and show results there. This is BIG!
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nexern

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Re: Promotion of AE
« Reply #40 on: April 23, 2014, 09:52:52 pm »

for the asset exchange i miss the big picture here. some month ago e.g. ltc-global was closed and dozen of companies
(already listed and also prepared do be listed) where wiped out. this gap is not satisfied filled by litecoininvest
and the unfinished ciphertrade yet. compared to these both, AE is much better suited to raise funds for many
activities related to cryptocurrencies. there are companies waiting for a clean and functional fundraising tool.
marketing should identify and contact all these companies (mining contracts/bonds/options/loans etc.)
and at least inform them about AE. this is also valid for BTC related corps. even if these companies doesn't switch
the current securities over to AE they will at least consider to use nxt AE for new planned capital raisings, simple
because AE can deliver liquidity. nxt shouldn't mainly look into the inner projects but quickly outreach the complete
crypto finance market.

as landomata already said, no time to wait that some users or issuer discover AE, nxt need an active contact approach
and concept todo so. also no need in more banners, videos, infographics, colorfull urban ipad wearing citizen nonsense
and stuff like this. nobody cares about this, just look around. while others making their points by creating facts, nxt
is busy to copy apple like (btw, also outdated) images, this doesn't work anymore. marketing should change to a more
aggressive and comparable path. 

if nxt want additional assets i would give this proactive approach a try:

1. locate all existing platforms offering similar function like AE (e.g start with those mentioned above)
2. identify all companies using them now, including all companies interrupted doing an IPO
3. contact all those comnpanies with an introduction and functionality/comparison of AE and offer them assistance.
4. explore also traditional webbased crowd/fundraising platforms and repeat step 2 + 3
5. create a press release for every new asset added to AE and try to feed the media with an asset description.
6. add this press release and perhaps further services to the assistance mentioned by 3.

marketing should hire and pay someone doing this research and collect this data. i am confident this is much more
effective than any additional blink-blink stuff.

moreover, as mentioned above i really missing the big picture and some visions with AE and nxt.
goal should be to create a full functional gateway to the global stockmarket in Q3/Q4 this year.
this should be the direction for AE.
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Re: Promotion of AE
« Reply #41 on: April 23, 2014, 10:31:01 pm »

This all is very simple, but we can do it only with AE whitepaper - https://github.com/PhantomPhreak/Counterparty, followed by the "introduction and functionality/comparison of AE"
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Re: Promotion of AE
« Reply #42 on: April 23, 2014, 10:46:47 pm »

This all is very simple, but we can do it only with AE whitepaper - https://github.com/PhantomPhreak/Counterparty, followed by the "introduction and functionality/comparison of AE"

only is a wrong word here. an issuer doesn't care about whitepapers. all he need is a functional AE with liquidity and a tool to pay his dividends if possible.
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Re: Promotion of AE
« Reply #43 on: April 24, 2014, 06:02:27 am »

This all is very simple, but we can do it only with AE whitepaper - https://github.com/PhantomPhreak/Counterparty, followed by the "introduction and functionality/comparison of AE"

only is a wrong word here. an issuer doesn't care about whitepapers. all he need is a functional AE with liquidity and a tool to pay his dividends if possible.

Coindesk is a powerful marketing channel because many of these people read Coindesk....so marketing guys pls find out how we can get some add space on Coindesk....also we need a BIG COINDESK report on this maybe a multiple article piece spread out over the next two weeks till Launch.


There is a reason i'm mentioning Coindesk so much.



« Last Edit: April 24, 2014, 06:04:11 am by landomata »
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salsacz

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Re: Promotion of AE
« Reply #44 on: April 24, 2014, 07:22:50 am »

This all is very simple, but we can do it only with AE whitepaper - https://github.com/PhantomPhreak/Counterparty, followed by the "introduction and functionality/comparison of AE"

only is a wrong word here. an issuer doesn't care about whitepapers. all he need is a functional AE with liquidity and a tool to pay his dividends if possible.

Coindesk is a powerful marketing channel because many of these people read Coindesk....so marketing guys pls find out how we can get some add space on Coindesk....also we need a BIG COINDESK report on this maybe a multiple article piece spread out over the next two weeks till Launch.


There is a reason i'm mentioning Coindesk so much.

There is nothing new in your words - we do this for many months.

We know about ads in all crypto magazines:
https://bitcointalk.org/index.php?topic=412243.msg5506257#msg5506257

What we don't know, is which words should be used for our banners.
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landomata

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Re: Promotion of AE
« Reply #45 on: April 24, 2014, 07:24:43 am »


What we don't know, is which words should be used for our banners.

Banner shouldn't be difficult to pinpoint.....this is what will explain to the general public...a multiple article piece spread out over the next two weeks till Launch.  ...highlighting different aspects of the AE and how this concept is better than Kickstarter, etc.

« Last Edit: April 24, 2014, 07:26:24 am by landomata »
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salsacz

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Re: Promotion of AE
« Reply #46 on: April 24, 2014, 07:54:24 am »

articles..

We've got these:
http://www.nxtcoinmagazine.com/try-the-silky-smooth-nxt-asset-exchange-today/
http://justpaste.it/Nxt-Warning-Central-Exchanges
http://justpaste.it/Stake-in-Nxt-Cryptocurrency
http://nxter.org/nxt-solutions-financial-decentralization-financial-freedom/
http://cryptosource.org/open-source-cryptocurrency-nxt-is-now-finishing-testing-asset-exchange-and-was-added-on-cryptsy/

And I am asking for those:
Looking for:[/b][/color]
   - A letter for Businessmen - why should they use or invest in Nxt. How they can use asset exchange
   - Using Nxt in a real life - possibilities (NXT, Asset exchange, ecosystem, apps)
   - Interviews:
         ○ L8orrie about asset exchange
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salsacz

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Re: Promotion of AE
« Reply #48 on: April 24, 2014, 07:33:41 pm »

stealing some joefox's words to have them in this nice warm place

Quote
The Nxt Asset Exchange allows users to "issue" assets on a decentralized exchange built into the Nxt core.  It's simple, so it has problems:  you don't know that the "asset" is real, and so you have to trust the issuer.  A few folks are already building on top of that idea.  For example, there is a beta of a system of multi-signature gateways that can verify other crypto assets exist (DOGE, BTC, PPC) before allowing trades to proceed on the blockchain.  The SAME issue would exist with fiat -- the AE can work but someone has to trust the issuer of the fiat.
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Daedelus

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Re: Promotion of AE
« Reply #49 on: April 24, 2014, 08:15:00 pm »

stealing some joefox's words to have them in this nice warm place

Quote
The Nxt Asset Exchange allows users to "issue" assets on a decentralized exchange built into the Nxt core.  It's simple, so it has problems:  you don't know that the "asset" is real, and so you have to trust the issuer.  A few folks are already building on top of that idea.  For example, there is a beta of a system of multi-signature gateways that can verify other crypto assets exist (DOGE, BTC, PPC) before allowing trades to proceed on the blockchain.  The SAME issue would exist with fiat -- the AE can work but someone has to trust the issuer of the fiat.

I think Jl777's work has moved on from this. I was under the impression that he will be able to get fiat into Nxt (via AE but not explicitly) using ripple as a fiat bridge. This will be *almost* trustless. I think you have to rely on his 100 centralised servers but cheating will be limited eventually as I think multisig can be scaled up so they check and confirm with each other.

*Don't quote me*   ;D I have been off a little recently on some of the harder concepts, get jl777 to confirm  ;)
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jl777

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Re: Promotion of AE
« Reply #50 on: April 24, 2014, 08:47:07 pm »

stealing some joefox's words to have them in this nice warm place

Quote
The Nxt Asset Exchange allows users to "issue" assets on a decentralized exchange built into the Nxt core.  It's simple, so it has problems:  you don't know that the "asset" is real, and so you have to trust the issuer.  A few folks are already building on top of that idea.  For example, there is a beta of a system of multi-signature gateways that can verify other crypto assets exist (DOGE, BTC, PPC) before allowing trades to proceed on the blockchain.  The SAME issue would exist with fiat -- the AE can work but someone has to trust the issuer of the fiat.

I think Jl777's work has moved on from this. I was under the impression that he will be able to get fiat into Nxt (via AE but not explicitly) using ripple as a fiat bridge. This will be *almost* trustless. I think you have to rely on his 100 centralised servers but cheating will be limited eventually as I think multisig can be scaled up so they check and confirm with each other.

*Don't quote me*   ;D I have been off a little recently on some of the harder concepts, get jl777 to confirm  ;)
I lost most of my servers due to lack of funding from BTC price crash. Down to the last 10 and not sure how many I will be able to maintain. In any case the production multigateway servers will not be managed by me, I am developing the code, and will continue to improve it, but I cant be bogged down by server maintenance issues.  I am not a server guy.

Ripple will also eventually have multisig, so the same protection would be available for the ripple assets. Until then,the  fiat tokens will require trusting the issuer and the ripple gateway. Not great,but at least it is a solution for fiat that otherwise would have no options at all.

It is handy to be able to convert crypto directly into your bank account and then get access to cash via ATM

That is what will be possible. My intention at first is to just operate a manual gateway as I am not sure how popular this will be. No sense in spending a lot of effort coding it if it is easier just to deal with the occasional deposit/withdraw. Its just a matter of doing two transfers each time, so as long as the volumes arent so big, it can easily be done manually.

Maybe somebody would like to help with the fiat "gateway"? They could aggregate the smaller transfers and then I would just have to do a daily manual sweep. Realistically, automating ripple <-> NXT AE is pretty low on my priority list right now.

James
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Daedelus

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Re: Promotion of AE
« Reply #51 on: April 24, 2014, 10:01:01 pm »

Thanks. I am going to have to do more revision, it is hard keeping up with ur projecrs. Just understanding what they will do is taxing enough :D
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Re: Promotion of AE
« Reply #52 on: April 25, 2014, 08:18:49 am »

Some encouragement to guys promoting AE. Look here's how someone plans to use our AE

Quote
Here's a small example just using NXT from my own industry (software development). I am an independent software developer and I plan to use the NXT asset exchange (currently in development) to issue software licenses as follows:
 
 [1] - a licensing component in the software makes a call to the NXT network and creates an account (instantaneous)
 
 [2] - it writes the private key to disk and informs the user of the account number
 
 [3] - the user purchases one license unit from the NXT asset exchange
 
 [4] - on a subsequent launch (or periodically) the software detects the presence of the appropriate asset in the account it created for itself and considers the installation licensed
 
 So NXT doesn't have to become the new bitcoin to become hugely valuable. It just has to capture a tiny part of some relatively tiny world markets for all sorts of applications to be massively in demand.
 
 NXT will be needed to:
 
 A. Issue the assets (Currently costs 1000 NXT per asset, but I don't know if there's a limit on the quantity you can issue)
 B. Pay for the assets
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Fatih87SK

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Re: Promotion of AE
« Reply #53 on: April 25, 2014, 10:11:16 am »

Nice one Pouncer!

@Damelon

When will the new BTT thread about NXT opened?
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Re: Promotion of AE
« Reply #54 on: April 27, 2014, 06:48:29 pm »

@ Marketing....anything happening on Coindesk/coinmarketcap.com front?

Daedelus

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Re: Promotion of AE
« Reply #55 on: April 27, 2014, 08:24:09 pm »

@ Marketing....anything happening on Coindesk/coinmarketcap.com front?

Are you asking has anyone submitted a plan to the marketing fund committee for approval?  ;D

I have copied Pouncer's example above to the btt asset exchange thread found here: https://bitcointalk.org/index.php?topic=460343.msg6427777#msg6427777

If anyone fancies spamming it, that would be super   :D
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Re: Promotion of AE
« Reply #56 on: April 27, 2014, 08:31:59 pm »

@ Marketing....anything happening on Coindesk/coinmarketcap.com front?
You can be the Nxt marketing yourself. I think you confusing the Nxt Marketing Committee with active marketing plans. They only devide the NXT coins to projects and concepts, they don't take action themselves.
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Re: Promotion of AE
« Reply #57 on: April 27, 2014, 08:46:32 pm »

we need to solve, what slogans would be on banners, first.

RIght now, we have:



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Re: Promotion of AE
« Reply #58 on: April 27, 2014, 08:57:48 pm »

How about using different slogans for different target groups?

On every page about cryptocoins something like "trade every coin directly with nxt - no fees"
On exchange blogs/pages: "fast.secure.decentralized trading"
Or on other trading sites: "nxt asset exchange. no middlesman"
...

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Re: Promotion of AE
« Reply #59 on: April 27, 2014, 09:27:12 pm »

salsacz - it would look better if everyone would stick to "decentralized" instead of decentralised. It's more synchronous.
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Re: Promotion of AE
« Reply #60 on: May 01, 2014, 09:03:59 am »

I have a plan to promote NXT at Twitter.

I need the help of @NxtCommunity. And of the community itself for their opinions.

https://nxtforum.org/marketing-applications/(mc)-nxt-giveaway/msg14475/#msg14475
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