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Stark Industries

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Short Insightful Missive
« on: September 29, 2014, 05:22:46 am »

let me re-introduce myself

i've been absent, but not absent from the going ons of the crypto sphere. I want to reintroduce myself and give clear understand as to my involvement eh. I am here temporarily as need be on behalf of an anonymous donor to see to the organization of the first lucrative decentralized autonomous organization: NxtPoker. My job is temporary as an executor to facilitate the organization of Nxtpoker board, workers, devs and to see that everyone involved in working together to improve experience of future users and protect interest of NxtPoker token holders, bringing value to the Nxt platform in the long term. I hope to be replaced by a more competent savvy business and technically oriented leader who can continue to work with ola, the devs, board and improve on the vision which ola has provided thus far. I initially halted my involvement pending clarification on how to proceed. Learning from hypothetical talks with counsels, I feel confident that I could carry out my intended purpose. Now on to business


My position

as my temp position with NxtPoker my duty will be to
Have ac├Ęss to one of the keys of the multi-signature accounts to pay:
   Devs
   Marketing fees and agency fees
   Board and token holder initiatives decided by token holders
Send token to rightful owners, escrows and admins to be distributed to rightful owners
Acting board member and executor, Temporary, to be replaced by a long term executor


P.s most of the problem-solution and market analysis were worked on by myself with a great deal of help from ola, who had been researching and developing for a couple of months now. Any additional insights are welcome



About Nxt


In my personal opinion, to say Nxt is extremely undervalued at the moment is an understatement. There are several reasons why. You could speculate that there are unseen forces systematically stealing critical moments by sabotaging key stages of Nxt development thereby stunting growth. But in more concrete reasons, the greater crypto community have been at bay in their involvement with Nxt due to the propagation of inconsequential reasons i.e POS / "FAIR" arguments. We all know that that nothing in crypto or money can be fair as expounded on by Bcnext. Rather a level playing field with equal opportunity for the diligent and also having a little risk propensity should suffice for economic opportunity and freedom. But instead what do we have?  A large portion of the crypto industry saturated with intertwined communities sharing the same news and consensus (fear ?) about Nxt. Few think Nxt will grow past its current achievement, more call it a scam, some choose to ignore this powerful tech. But there is a twist, All the unfavorable opinions of the current market participants, will matter less as the proposed nxt technology advancement come into fruition. Even though the crypto market is saturated with intertwined community consensus, Nxt will most definitely not be limited to this market. In fact the current crypto market serves as a sandbox for current Nxt technology advancements.

The next stage of growth will be in the millions of users exceeding the growth curve of bitcoin, once consumer facing business have been proven to be able to thrive using the Nxt blockchain features. Nxt will grow because it has created technology enabling virtual yet transparent businesses and applications to operate using its blockchain. See bitcoin was created, without an explicit support for an economy, instead efforts have to be made to get people to accept and use bitcoin. With nxt it is different, it was developed from the ground up with integral support for virtual business operations which provide solutions to the demands of consumers naturally. This strategy will ensure that the increase in volume, demand and price will force all onlookers to include Nxt as part of their solutions. Applications and businesses on the Nxt chain is what will bring users to the Nxt platform eventually. When you provide use cases as solutions to pain points for customers, acquiring and using Nxt is a secondary action of no consequence.( assuming the Nxt acquisition process is smoothed out of course). That is why Nxt will succeed, It might surpass bitcoin in 8 month, if projects like Nxtpoker, the Supernet, Freemarket, Nxtty, Nxt MMO and other consumer facing projects gain adoption. The most prominent of these of course NxtPoker facing 100 million plus market. These poker players care not about distribution, even better they are already used to the idea of digital currency from the use of play money and experiences with gaming platforms like Zynga. The best part? These customers do not need to be coerced, spammed or pushed to participate: NxtPoker is the kind of solution they had been waiting for. The allure for theses customers is the prize pool winnings, provably fair environment and bragging rights that can be accomplished through sheer skill. Goals which seem to become more unachievable in prior centrally controlled platforms. So in short, Hold on to ya hats Nxt will thrive and NxtPoker will play a major part in it.

-In my humble opinion of course



Thoughts on NxtPoker - The Opportunity


Online poker is a part of the online gaming industry which has grown at a steady rate over the years and is projected to grow to $41 billion in 2015. Of that substantial projected growth, the online poker industry will expand from its current total + $5billion per year industry and continue to grow daily. The biggest player in the sector: pokerstars which recently sold to Amaya gaming  for $4.9 billion controls more than 45% of the player market with revenues potentially over $2 billion per year in 2014. But there is a problem; poker players are forced to deal with adverse conditions possibly from the game hosts and other players who collude to defraud unsuspecting hopefuls. All this simply because no better alternatives exist. There is a need and the time is ripe for better alternative that could provide skilled and non-skilled players alike with a level playing field, provably so and also one that is highly addictive due to a unique user experience.


That "better alternative" mentioned above from what I have seen so far and if all the cards are played correctly, could be NxtPoker. With our unique value proposition, community backing, funding and organization we could set the stage to draw significant marketshare from all entrenched incumbents to become the new multibillion leader in the very competitive poker market. The greatest part of all this is that most online poker players are already used to the idea of virtual currencies or digital money i.e in the case of zynga or when using "play money". This could put NxtPoker and the Nxt platform in a new position, mainly because poker players really do not need to understand the importance or philosophy behind crypto currency. They also will not care about the alleged "distribution" or "nothing at stake" problem. The draw for them is that they can win money in a provably fair way, without any concerns of being swindled by unscrupulous colluding game hosts and or other entities. The potential is not just high quality or high demanding use, but disruptive industry game changer, Much like what Facebook did to the myspace era or what dropbox did to file storage in its peak era. Nxtpoker will create new value in the poker industry and probably establish a larger market than what previously was. Poker players want NxtPoker because it is the perfect product market fit that resonates with their issues and gripes with major poker sites at the moment. I will describe why Nxtpoker dominance is very possible in this very competitive market in the "competitive analysis"  section in the business plan part of this board.

Business Plan
Be sure to check out the busines plan for a  rough (to be refined by board)  step by step on how we will achieve these goals. A shorter infograhic redition will be provided shortly.

business plan :https://nxtforum.org/stark-industries-%28nxtdice%29/business-plan

a painting that goes with the words

« Last Edit: October 07, 2014, 08:02:36 pm by Stark Industries »
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Bitinvestor

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Re: Short Insightful Missive
« Reply #1 on: September 29, 2014, 11:48:58 am »

Well said. It may sound grandiose to some people but I agree with you that both NXT and NxtPoker have huge potential. Good luck.
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rdanneskjoldr

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Re: Short Insightful Missive
« Reply #2 on: September 29, 2014, 12:11:18 pm »


The draw for them is that they can win money in a provably fair way, without any concerns of being swindled by unscrupulous colluding game hosts and or other entities. The potential is not just high quality or high demanding use, but disruptive industry game changer

I cant wait to see the beta!!  ;D

You mention several times the concerns of players vs collusion. Do you really think that happens much on Pokerstars? In some games its unavoidable, but pokerstars is known for chasing these practices and you have to be really careful if you do it.

The main and only big problem i see in decentralized poker is, how can you avoid 2 or more players colluding on a 6max cash ring game??I think the only solution is to make "zoom" games the standard.
Can you explain how you will handle this or do we have to wait??


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jungian

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Re: Short Insightful Missive
« Reply #3 on: September 29, 2014, 12:21:43 pm »


The draw for them is that they can win money in a provably fair way, without any concerns of being swindled by unscrupulous colluding game hosts and or other entities. The potential is not just high quality or high demanding use, but disruptive industry game changer

I cant wait to see the beta!!  ;D

You mention several times the concerns of players vs collusion. Do you really think that happens much on Pokerstars? In some games its unavoidable, but pokerstars is known for chasing these practices and you have to be really careful if you do it.

The main and only big problem i see in decentralized poker is, how can you avoid 2 or more players colluding on a 6max cash ring game??I think the only solution is to make "zoom" games the standard.
Can you explain how you will handle this or do we have to wait??

The addition of antes makes it much harder to collude.
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rdanneskjoldr

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Re: Short Insightful Missive
« Reply #4 on: September 29, 2014, 12:31:41 pm »


The draw for them is that they can win money in a provably fair way, without any concerns of being swindled by unscrupulous colluding game hosts and or other entities. The potential is not just high quality or high demanding use, but disruptive industry game changer

I cant wait to see the beta!!  ;D

You mention several times the concerns of players vs collusion. Do you really think that happens much on Pokerstars? In some games its unavoidable, but pokerstars is known for chasing these practices and you have to be really careful if you do it.

The main and only big problem i see in decentralized poker is, how can you avoid 2 or more players colluding on a 6max cash ring game??I think the only solution is to make "zoom" games the standard.
Can you explain how you will handle this or do we have to wait??

The addition of antes makes it much harder to collude.

I dont see how that makes it less profitable for 2 or 3 players telling their cards in an omaha game. And pot limit isnt supposed to have antes.
It may be a bit less profitable in holdem, but you are still fucked if other players are colluding against you.
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Stark Industries

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Re: Short Insightful Missive
« Reply #5 on: September 29, 2014, 01:48:50 pm »

Well said. It may sound grandiose to some people but I agree with you that both NXT and NxtPoker have huge potential. Good luck.

Agreed, even Nxt was grandois in its early begingings recieving critism of some of its goals from the likes of vitalik and the emunie team. But grandiosity does not mean impossible or hard to achieve. In some cases its just means there is a vision and a plan to achieve the vision. In the case of Nxt it happened through incredibly talented and self sufficient developers with no need for funding. In the case of Nxtpoker we already have a talented visonary developer/business oriented guy...the rest of the chips fall with being able to get a proper org in place, secure funding more developers and other expenses and get large part of the comunity behind this...essentially replicating the Nxt model with a little modification

Check out the full business plan here : https://nxtforum.org/stark-industries-%28nxtdice%29/business-plan

there will be a tl;dr infographic version very soon

Also  I had some reservations about posting this topic wondering how some individuals might percieve but decided to post anyway. The innacurate perception from some individuals might be because of the lack of understanding of the vision which comes from insight into the kind of technology that would change the industry. what can you do? there will always be naysayers...
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Stark Industries

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Re: Short Insightful Missive
« Reply #6 on: September 29, 2014, 01:59:10 pm »


The draw for them is that they can win money in a provably fair way, without any concerns of being swindled by unscrupulous colluding game hosts and or other entities. The potential is not just high quality or high demanding use, but disruptive industry game changer

I cant wait to see the beta!!  ;D

You mention several times the concerns of players vs collusion. Do you really think that happens much on Pokerstars? In some games its unavoidable, but pokerstars is known for chasing these practices and you have to be really careful if you do it.

The main and only big problem i see in decentralized poker is, how can you avoid 2 or more players colluding on a 6max cash ring game??I think the only solution is to make "zoom" games the standard.
Can you explain how you will handle this or do we have to wait??

Collusion is a huge problem and it happens weather there is a dedicated team on a site to fight such behavior or not. Gamehost or their emplyees sometime cheat their players which is a form of collusion.


I have had a lot of discussion with ola about the technical solutions for these problems, he gave the green light. He is basically using a bunch of methods to improve anti collusion to at least 99% at when there are a large number of player present so basically:

-random assignment to tables in a group Id or stake category, you can see this from some of the screen shots::
-Nxt-token authenthication with an algorithm to make sure you rarely sit with the same people often (there are private tables for friends)
-fees to join tables, these fees dinish over time as your personal reputation improves
-AI bots that randomly mimic player moves, funded by the house...(of course each round and cards are transparent after every  play)
-still debating this: live video feed in place of your player icon..but some people do not have camera capabilities
-in an extreme edge case when there are very low number of players, games are restricted to heads up

« Last Edit: September 29, 2014, 02:06:23 pm by Stark Industries »
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rdanneskjoldr

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Re: Short Insightful Missive
« Reply #7 on: September 29, 2014, 02:37:25 pm »


-random assignment to tables in a group Id or stake category, you can see this from some of the screen shots::
-Nxt-token authenthication with an algorithm to make sure you rarely sit with the same people often (there are private tables for friends)
-fees to join tables, these fees dinish over time as your personal reputation improves
-AI bots that randomly mimic player moves, funded by the house...(of course each round and cards are transparent after every  play)
-still debating this: live video feed in place of your player icon..but some people do not have camera capabilities
-in an extreme edge case when there are very low number of players, games are restricted to heads up

I like a lot the first two ideas. Also the third,as i assume it will be very low.
The fourth, is it a green light for bots playing? Nothing wrong with it, i guess you have to live with it in decentralized poker, although it can turn dangerous. There are already too sophisticated bots, capabling of winning up to NL1000 in networks like iPoker.
I find live video feed weird. It can be an option for people who want to show and see their faces, but it is very uncomfortable if imposed.
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innovator256

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Re: Short Insightful Missive
« Reply #8 on: October 04, 2014, 08:59:00 pm »


-random assignment to tables in a group Id or stake category, you can see this from some of the screen shots::
-Nxt-token authenthication with an algorithm to make sure you rarely sit with the same people often (there are private tables for friends)
-fees to join tables, these fees dinish over time as your personal reputation improves
-AI bots that randomly mimic player moves, funded by the house...(of course each round and cards are transparent after every  play)
-still debating this: live video feed in place of your player icon..but some people do not have camera capabilities
-in an extreme edge case when there are very low number of players, games are restricted to heads up

I like a lot the first two ideas. Also the third,as i assume it will be very low.
The fourth, is it a green light for bots playing? Nothing wrong with it, i guess you have to live with it in decentralized poker, although it can turn dangerous. There are already too sophisticated bots, capabling of winning up to NL1000 in networks like iPoker.
I find live video feed weird. It can be an option for people who want to show and see their faces, but it is very uncomfortable if imposed.

for the bots, people could build bots to play most games however i don't see how they will manage to be profitable...long term player analysis and to capitalize on the information is impossible because the algorithm sitting players at random tables will make it impossible to do so....

and yeah options are a good thing, it will be very bad to impose anything especially when the goal is poker nirvana. the video thing is still a topic of internal discussion.... maybe its better to provide an option to a group of tables that explicitly require live feed, for players who don't mind, just like the private tables
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Sebastien256

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Re: Short Insightful Missive
« Reply #9 on: October 04, 2014, 09:14:33 pm »

Nice speech.
is there an asset for your business?
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mackowski

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Re: Short Insightful Missive
« Reply #10 on: October 05, 2014, 08:44:47 am »

I know a ton about SuperNET and Bitcoin/Cryptocurrencies. I also am well versed in poker (been studying to get good enough to quit my job) and am starting a poker nootropic business (also for quitting my job). If you think someone knowledgeable in both these spaces may be useful to you, feel free to let me know. I'll be refreshing this thread for a bit (I don't frequent the NXT forums)
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Stark Industries

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Re: Short Insightful Missive
« Reply #11 on: October 07, 2014, 06:38:53 pm »

I know a ton about SuperNET and Bitcoin/Cryptocurrencies. I also am well versed in poker (been studying to get good enough to quit my job) and am starting a poker nootropic business (also for quitting my job). If you think someone knowledgeable in both these spaces may be useful to you, feel free to let me know. I'll be refreshing this thread for a bit (I don't frequent the NXT forums)

Can you help with organizing?
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Stark Industries

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Re: Short Insightful Missive
« Reply #12 on: October 07, 2014, 08:03:51 pm »

A picture paints a thousand words...updated post above

« Last Edit: October 07, 2014, 08:06:26 pm by Stark Industries »
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rdanneskjoldr

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Re: Short Insightful Missive
« Reply #13 on: October 07, 2014, 10:54:08 pm »

Pics broken for me
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Stark Industries

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Re: Short Insightful Missive
« Reply #14 on: October 09, 2014, 03:54:20 am »

Pics broken for me

Well i tested this in sevral browsers, seems to show up fine, what browser are you using? anyone else cant see?
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rdanneskjoldr

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Re: Short Insightful Missive
« Reply #15 on: October 09, 2014, 11:01:22 am »

Pics broken for me

Well i tested this in sevral browsers, seems to show up fine, what browser are you using? anyone else cant see?

I see it correctly now :)
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BitcoinForumator

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Re: Short Insightful Missive
« Reply #16 on: October 09, 2014, 12:38:14 pm »

None of these fancy pictures and explanations justify the obscene valuation.

Which is also a subject you have avoided so far.
« Last Edit: October 09, 2014, 12:42:33 pm by BitcoinForumator »
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Sebastien256

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Re: Short Insightful Missive
« Reply #17 on: October 09, 2014, 01:00:44 pm »

None of these fancy pictures and explanations justify the obscene valuation.

Which is also a subject you have avoided so far.

I would agree that would be interesting to publish the detailed analysis concerning the valuation of Nxtpoker.
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rdanneskjoldr

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Re: Short Insightful Missive
« Reply #18 on: October 09, 2014, 08:15:58 pm »

None of these fancy pictures and explanations justify the obscene valuation.

Which is also a subject you have avoided so far.

I wouldnt worry too much about it. Showing the beta software is enough proof they try to be legit. If users after trying it think its too expensive, they just wont buy it. It would be obscene if they didnt show anything of what they sell.
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Sebastien256

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Re: Short Insightful Missive
« Reply #19 on: October 09, 2014, 08:28:02 pm »

None of these fancy pictures and explanations justify the obscene valuation.

Which is also a subject you have avoided so far.

I wouldnt worry too much about it. Showing the beta software is enough proof they try to be legit. If users after trying it think its too expensive, they just wont buy it. It would be obscene if they didnt show anything of what they sell.

I think the comment is not about legit or not. It is about what study ans analysis has been made to justify the amount raised. This question has been avoided so far and I understand bitcoinforumator about his interogation because I also have the same.
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