Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
jl777
on 03/02/2014, 13:09:02 UTC
Will there be one account for 3 guys or 3 guys with respectively 1/3 funds in their accounts?

If distribution (ratio) of the unclaimed funds has already been decided, then I think it's easier to let each handle one fund (Easier for accountability and record keeping).
If distribution of unclaimed funds has not been decided, and it's going to be another long debate over it, I suggest divide it equally and they will reallocate once the ration has been decided.
Marketing has been decided at 3 million
Tech/Infrastructure the remaining 6 million. Once we know the cost for the 1000TPS hubs, then we will know the right allocation between tech and infrastructure.

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year.  Otherwise I predict it will be all gone in a year.  There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.
Each committee will be able to decide all these issues. It is a constant battle between spending now to boost the value of NXT, which reduces what is needed in the future, versus saving it and counting on each NXT to get that much more.

One year is a long time in this industry, but if we can stretch these funds to two years and still maintain top dog status among second gen, then I say stretch. My concern is that we stay on top. That is the most important. If we have to use all the funds up but can stay on top all of 2014, then 2015 will be much easier.

If we stretch the funds to three years but end up losing top status, then we might have funds longer, but the outcome is worse.

The goal is to maintain our leadership position among second gen

James