Quote from: ThomasVeil on May 27, 2017, 11:10:28 AM

Quote from: barabbas on May 24, 2017, 09:01:28 AM

I also believe I have supported, with my investment, the team whose mission it is -I was led to believe- to work for ME, FOR US, in NXT or whatever else they decide to call future evolution of the project. That was the AGREEMENT. It definitely was not that I would subsidize or otherwise support their private endeavors. You get me?

Well, I don't get you. Do you actually think you bought the NXT dev team when you bought the tokens?
To a certain extent, yes.
.
You can go and fund their team, and then maybe you can have influence on what they do. Notice that nobody forces you to buy their ICO - and nobody forces you to care about IGNIS. Or better, go program stuff yourself - I'm sure contributors are needed.

It's generally tough to organize in crypto - there is no simple solution how things should work. Because decentralization is tough. But devs need money to survive if they are supposed to put time and effort into the project... same for the marketing team. All of which is necessary. The NXT team did a fantastic job with the very limited resources they had so far - keeping going through the lowest low. So I have good hopes that they'll do well with proper funding.

We differ. Greatly. Hence the root of the problem and the impossibility of an agreement on the subject. In my view, the devs make a big investment, personal and financial, in the project that they choose. And the rewards are pretty much standard: They have a great stake in the coin so they work ceaselessly (I'm thinking Buterin here, sorry) and smartly in making their project the biggest it can be. For all investors and supporters but also, and perhaps mainly, for themselves. Now if Vitalik and company start a private business on the side but using the miners supporting the Ethereum Network to make it work, that wouldn't be very ethical now, would it? When you commit to being the dev/s of a project (like NEXT -by any other names- you do DO exactly that AND ONLY that. You are already in a quite questionable position being that you have permanent access to inside information and can -and do- profit handsomely from that privilege, with no accountability at all, as opposed to what would be in the private world. A bit clearer now? It is called, in the real world, that is, "conflict of interest". And people would be forced to resign and could even go to prison for it.

I also believe the NXT team has done a very, extremely poor job of promoting this project when it was ages ahead of others -way before superior projects now available-, especially in offering too convoluted information and unnecessary complicated solutions (mostly the client) while not advancing the uses in the real world at all. And not precisely for lack of funds. But that's just me and, like in the former points, we are going to have to agree to disagree, won't we?

The weirdest part is how you repeat "ONE BILLION COINS". The number doesn't matter - they could have just moved the decimal three steps - would you then say "ah, it's fine, only one million coins"? It's the exact same thing. It's the valuation that matters.

This leaves me perplexed. Of course the number doesn't matter at all. Either way, regardless of the number of decimals, the NXT Team gets to keep HALF of it on top of whatever are their more than considerable
personal stakes (in the hundreds of millions). I pointed it out to let people know that, regardless what they are told, they are going to get just pennies in IGNIS, that's all. Pennies for a desperately needed support for the network. Another great scheme. Chapeau again.

And at the most you can complain that you get all these coins for free, although you don't have use for it. But else... all these plans have been in the open since the Ardor idea started.

Yes they have. What doesn't make any of them any less questionable. And perhaps the reason behind the fact that the NXT/ARDR combo has been and remains, by leaps and bounds, the project that has less benefited from the rain of money into alts during the last couple of months.Being relatively transparent about an ethically dubious scheme may not pay in the end. It shouldn't and my personal take is that it won't.