Quote from: jl777 on January 28, 2014, 12:42:28 AM

Quote from: buybitcoinscanada on January 28, 2014, 12:31:32 AM

Quote from: msin on January 28, 2014, 12:24:18 AM

Quote from: jl777 on January 28, 2014, 12:13:06 AM

To the whales out there, I have a question.
If the community voted to spend 10 million NXT in community fund on marketing, how would that affect you:

A) Positively, would buy more
B) Neutrally, no change
C) Negatively, would sell part of all of NXT

Any other comments from the "whale" perspective about NXT marketing spending would be appreciated. If you are thinking this way, then odds are that other potential whales are thinking the same way too.

James

I would be absolutely appalled if we spend 10Mil Nxt on marketing, that is utterly ridiculous.

We have a lot to talk about and present to the world right now as MUCH work has been done and there hasn't been a major advertising effort yet. Okay, so doing some big things now is good. Show all the hard work that's been done. But then, just have enough to keep the stream of information flowing so people who want it can follow on developments. (Joesfox's planned Nxt podcast for example) When another or several major milestones are reached, we can have another big marketing effort. The point now is really to build community, meaning dev's and others who can actually help continue to build the foundation and the structure upon it. People with skills and ideas. Price rise is going to be an effect of the advertising, but with out the community building its just a temporary and superficial effect. Blasting away a bunch of money to get all up in peoples face just isn't the right way to do it.

TLDR: advertising has it's place, but most of those funds should be used for bounties to actually build Nxt. Real growth comes from having a good (or in Nxt case, revolutionary) product.

Edit: More specifically, any marketing efforts really should be geared to pique interest and attract some talent.

Is there a list of all the things that are needed to "actually build NXT"? Maybe I am totally offbase, but it seems that within a couple of months we get the killer TF functionality, plus all the other nice functionality. Clients much sooner, etc.

Whenever I lobby for spending on marketing, people refuse and say we need so much more tech. OK, please tell me what tech we need? Let's make a list of all the tech we need, come up with reasonable bounties that assures they get done, use the rest for marketing budget for the year.

We then propose the COMBINED tech/marketing list for a vote. We can do both, tech and marketing. Let's just not wait until April comes and CfB sends the 10 million to genesis, because he will if community has no consensus!

James

I'm in the trenches with different communities (JustaBitofTime). If you followed the Miami Conference feed, you'll see how much we actually got done by focusing on marketing. If you haven't read the updates yet, I strongly recommend it. A laundry list of features was certainly not the questions that the payment processors and other related businesses were asking me.

While I'm primarily a network engineer, I've spent quite a bit of time working with marketing departments in CIO type positions. With that being said, James is right on the mark with this post. Itemize, Monetize, Market...

Just my 00000010 cents.