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Messages - Tai Zen

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1
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

2
woooow it is long time my friend!!   8)

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

Big love my friend!!  :-* :-* :-*

Thanks bro.

3
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

4
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

2016-03-28 UPDATE:
A few people, asked for the text version.  I do not type fast, that is why I always prefer to do videos, but here are the bullet points of what I discussed in the video:

How To Reinvent NXT In 10 Steps:

1. 3 month legit ICO
2. eliminate centralization
3. notate & publish their POS alogrithm
4. Announce NXT 2.0 relaunch at all major bitcoin conferences
5. Identify a clear use & ideal customer for NXT (Here are some examples):
   a. ETH = Smart Contracts, DAO, Turing Complete Scripting
   b. DOGE = A joke & tipping coin
   c. Monero, DASH = Anonymity & Privacy
   d. MAID, Storj, SIA - Distributed cloud service
   e. Slock = hardware/software locks
   f. Lisk = Decentralized Apps

Ask yourself these simple marketing questions:
   a.  What is the potential customer or user's irrational pain?
   b.  Is the potential customer or user actively searching for a solution?

7. Include bonuses & incentives during the NXT ICO
8. Get microsoft onboard
9. Set aside funding for development, sales & marketing
10.  Come up with a new name for NXT

I call it the "Madonna Solution" because Madonna has reinvented herself over the years to stay current.  If Madonna can reinvent herself, so can NXT.


Let me know your thoughts guys...

Enjoy
Tai Zen

5
Nxt General Discussion / Re: Price speculation
« on: March 17, 2015, 10:54:53 pm »
Congratulations for making this finally a reality guys!

Wish I was there to sign with you guys on this momentous occasion.

Tai Zen



I am véry happy we finally got this sorted. It's been a long way :)

As Dave stated: it's all about being a point of contact and being a point of reference where needed, as well as being able to sign off on things where that's impossible to do as an individual.

We do nót represent the community. We can't.

We dó want to facilitate in any way possible education and implementation of Nxt. :)

When we are in a position to do so, we can refer potential partners and/or customers to our businesses. We can provide a point of contact for people who want information.
It's mainly what we have been doing the last months anyway, just with an added piece of paper and all that goes with it.

I couldn't resist explaining to the notary, when he asked what Nxt does, that we are going to make people like him obsolete. ;)

Anyway, we took some nice pics of our bespectacled faces to prove we put pen to paper:



6
Hello everyone,

Bas and I just completed an update to announce some changes that we are taking to the NXT Community & Development Updates:

http://nxtfoundation.org/nxt-community-development-update-19-11-01-2014-the-nxt-evolution/

As the NXT platform evolves, we feel that the way we create content to educate the public also needs to evolve to ensure the longevity of the NXT technology.

Enjoy!
Tai Zen

7
Conferences / Re: Conferences - central topic
« on: September 25, 2014, 03:42:40 pm »
Does anyone know of any major conferences coming up in 2014 besides the las vegas conference?

I am not able to attend the Las Vegas conference in Oct due to work conflicts.

Tai Zen

8
I personally believe this is going to severely hinder NXT adoption by the general public:

"The recipient account is an unknown account, meaning it has never had an incoming or outgoing transaction. To submit this request you must supply the recipient public key also."

There has to be a better way for a new user to acquire and send coins...  This security process creates too much "friction" and "confusion" for a new user.

We have a lot of smart folks in the NXT community... somebody please come up with a better solution.  I understand there are security concerns but there has to be a better compromise...

Enjoy!
Tai Zen

9
Nxt Community News and Announcements / Re: Community Funds bounty to Damelon
« on: September 14, 2014, 03:23:26 am »
Thanks for your efforts and contributions to the NXT platform and community bro.

Tai

10
Official Nxt Releases / Re: NRS v1.2.7
« on: September 02, 2014, 06:49:52 pm »
Thanks...

I will digest the portion about the pgp and see if I can make it much simpler for the non techie.

A new user will not likely go through all that.

Enjoy!
Tai Zen

11
Official Nxt Releases / Re: NRS v1.2.7
« on: September 02, 2014, 04:38:41 pm »
@bitcoinpaul - lol

I am pleasantly surprised at the number of people who still visit my nxt faucet from my talk at the texas bitcoin conference in march.  Even more surprising is the wide diversity of people who are interested in nxt based on their titles on their fb profiles.

Enjoy!
Tai Zen

12
Official Nxt Releases / Re: NRS v1.2.7
« on: September 02, 2014, 04:25:21 pm »
Hey guys,

I set up a nxt faucet on my site when I spoke at the Texas Bitcoin Conference in march 2014:

http://prisonorfreedom.com/2014-texas-bitcoin-conference/

People are still going there to get started on nxt.

1.  Why am i getting this message when i try to send nxt to accounts, NXT-DTXT-HG5S-JWVB-23HZ9 and NXT-CFEK-JV62-79D4-65LMJ:

"The recipient account does not have a public key, meaning it has never had an outgoing transaction. The account has a balance of 3 NXT. To submit this request you must supply the recipient public key also."

2. Why won't the client accept the older format addresses without the NXT prefix?  Is that a setting in the client?

3.  @wesleyh - is there a feature in the client so i can insert multiple nxt addresses at once, enter a specific quantity to be sent to all addresses and send all the necessary nxt at once without having to manually send 4 nxt to each person like i'm doing right now.  it's taking up too much time for me to send nxt to every new user to activate their accounts.

4.  I like to make a new "how to" video to verify, download, n install nxt client.  How does a new user verify jean-luc' pgp signature? to make sure the new updates are not coming from a hacker?

thanks guys.
enjoy
tai zen

13
Hey guys,

1.  The NXT updates will be cancelled today.

2.  Due to our work schedules, Damelon and I are rescheduling the update date and times.  Orginally, we thought doing it during the weekend would be more ideal and get more people involved.  The metrics indicates it did not make a significant difference whether we do the updates on a weekday or a weekend.  The attendance rate is fairly the same.  The number of video views are also the same. We still get 200-300 views per video update:

https://www.youtube.com/channel/UCZUljIZUHCzZpyd1ziwlmaA/videos

3.  Instead of doing the updates 4 times/month we are moving to a new schedule where we do the updates twice a month.  So we will do the updates every other week now.  We are doing this for several reasons:

-- Our work schedules do not allow us to do the updates 4 times a month, we've tried to make it happen and it is putting too much stress on each of us where it becomes more of a burden then something we both enjoy doing.  Doing the updates every other week will allow us to enjoy promoting the nxt platform because it will not interfere with our personal and professional lives.

-- Initially, there were new nxt developments coming out each week so it made sense to update the community each week.  Nowadays, the developments take more time so we do not want to do an update full of "filler" content.  Doing it every other week will allow us to have more "quality" updates.  We prefer to have less updates but each of them are high quality.  We want outsiders and new investors to nxt to see us as a high quality content community.

-- We want more regularity and consistency in the updates.  It is unprofessional to keep rescheduling updates all the time.  The nxt community knows our commitment to promoting nxt so reschedules can be tolerated but new nxt adopters, investors, and businesses may misinterpret our inconsistent updates as being unprofessional.

-- We want to focus our updates more on the progress of the nxt community and it's platform development.  Recently, our updates have been about the contropolis hack or the bter theft or the graviton hack and we have decided that we want to focus more on the positive aspects of the nxt platform and it's community.  We want future updates to announce new developments in the nxt platform or the growth of the community.  In other words we want to spend more time on the positive aspects of the nxt platform and it's community.

4.  Therefore, our next community update will now be on the first an third sunday of each month.  This is not set in stone.  nxt is constantly evolving and we will try this new schedule to keep the community updated and continue to promote the nxt platform.

5.  The next updates will be on september 6th and 20th.

Enjoy!
Tai Zen

14
If you are a current user, investor, trader, or new to the NXT platform and it's community, here is an opportunity to join us today LIVE on Youtube Livestream starting at 11am New York time to get the latest updates and progress about the NXT platform straight from the folks working on it:

http://www.youtube.com/watch?v=eJGR2Uiq9fw

We will discuss:

Topics that will be discussed in the next community update will include:

1.  Advantaes/disadvantages of hard fork.
2.  Importance of fungibility of nxt.
3.  Hack of 50 million NXT from the BTER.com exchange.
4.  Reasons for constant attacks on NXT.
5.  Etc.

Don't miss this LIVE update and get left behind!

If you are currently helping to develop or promote the NXT platform, you can join the Google Hangout and update the NXT community with your current projects here:

https://plus.google.com/hangouts/_/ytl/vjVQa1PpcFOKLkyTZU_5K5jJEu7y1kI1wsiuXcnGRXQ=?authuser=0&eid=100018920737973592268&hl=en_US

If you do not have anything to share with the NXT community on the Google Hangout, please be courteous and use the Youtube Livestream link since there is only room for 10 participants on Google Hangouts.

Let's have some fun and talk to you soon!
Tai Zen

15
A hard fork can only hurt NXT for several reasons:

1.  The public needs to know that their NXT are fungible.

2.  If we hard fork now, what about the people who got hacked for much less NXT?  The public needs to know that their 1 NXT has the same "value" as another person that has 50 million of them.  If not this will defeat the purpose of having a crypto currency.

3.  Worst of all, major supporters/promoters/evangelists etc of NXT will abandon ship because NXT will no longer have credibility because at any time, one individual or party can come in and force the community to fork.

It's tragic that bter lost 50 million nxt in the short term... to ensure the long term survival of NXT, we can not afford to hard fork.

For these reasons and many others I DO NOT support a hard fork of the NXT blockchain.

Enjoy.
Tai Zen

16
Hi there,

I just found out about this and am currently catching up with all the missed episodes from weeks ago :) Do you have anything planned in order to include community Q&A sessions anytime soon or is this channel reserved for only official updates?

Also, do you think you can implement an RSS on your blog on the Foundation website? That would make it much easier to stay up to date about all the happenings without the need to come back here everyday :)

Thanks so much and keep up the great work!

1.  You are always welcome to ask questions during the youtube livestream broadcast or leave your questions during the update announcements and we will answer them as best we can.

2.  I will figure out the rss or set up a newsletter subscription box somehow.  Give me some time, I've been extremely busy with work.

Enjoy!
Tai

18
If you are a current user, investor, trader, or new to the NXT platform and it's community, here is an opportunity to join us today LIVE on Youtube Livestream starting at 11am New York time to get the latest updates and progress about the NXT platform straight from the folks working on it:

https://www.youtube.com/watch?v=7vvRHWTuzrM

We will discuss:

Topics that will be discussed in the next community update will include:

1.  New management of NXT.org by QBTC.
2.  Recent crash of NXT due to theft of NXT.
3.  DGEX hack
4.  Potential "High Profile" hack targets in nxt community & security measures.
5.  Secure Asset Exchange
6.  Coinomat
7.  Money Payment.com
8.  TXTcoinsNow/NXT/Maxcoin
9.  Etc.

Don't miss this LIVE update and get left behind!

If you are currently helping to develop or promote the NXT platform, you can join the Google Hangout and update the NXT community with your current projects here:

https://plus.google.com/hangouts/_/ytl/vjVQa1PpcFO6aFYOXkVZy9F25yo5R0ktSsrqFI-j1UE=?authuser=0&eid=100018920737973592268&hl=en_US

If you do not have anything to share with the NXT community on the Google Hangout, please be courteous and use the Youtube Livestream link since there is only room for 10 participants on Google Hangouts.

Let's have some fun and talk to you soon!
Tai Zen

19
NXT Community & Development Update Will Be Cancelled Today and moved to a weekend time slot on Sunday.

We've missed last week's update due to my work schedule conflicts and Damelon was not able to serve as backup due to his work conflicts as well.

Many of you have pm me to do it on the weekend so more people can participate so I'm gonna try the sunday time slot at 5pm EST (new york time) on July 20th and see how that works out.

If sunday doesn't work for any reason we will figure out a different time slot.

If you have topics you want me to cover during the update please leave it in the comments.

Topics that will be discussed in the next community update will include:

1.  New management of NXT.org by QBTC.
2.  Recent crash of NXT due to theft of NXT.
3.  DGEX hack
4.  Potential "High Profile" hack targets in nxt community & security measures.
5.  Etc

Thanks for your cooperation and efforts to promote the NXT platform.

Enjoy
Tai Zen

20
Official Nxt Releases / Re: NRS v1.1.6
« on: July 12, 2014, 04:53:31 am »
No I don't have any open orders.

@Pilot - I have no idea about the forked chain you are talking about.

Tai Zen

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