Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
rickyjames
on 03/02/2014, 14:51:09 UTC

However, if James directs this, then I will disburse as authorized.  Like he has for this 75K NXT for crazy-expensive $75 CPM audio spots over in another thread: https://bitcointalk.org/index.php?topic=412243.new#new


Just for the record, your math is wrong, so anyone who agrees on this lie should make his own calculations first

It's a fact that James has authorized 75K NXT and I will be disbursing that later today as directed.

I understood that the audio spots were twice weekly for three months reaching an audience of 10,000 and were funded at a level of 275K NXT when NXT was priced at 0.07 USD each given the current Bitcoin price.  That's 275,000 * 0.07 = $19,250 for 13 weeks * twice weekly * 10,000 people = 260,000 impressions for a CPM of 19250/260 = $74.03.  I rounded to $75 for sake of an even number to use in discussion.

So...where is my math wrong?  And if I made a mistake based on a misunderstanding, please don't accuse me of lying.  I am acting in good faith here.

Salsacz, you do good creative work and I respect you.    Landomata is obviously a very talented individual and he has my respect as well.   I am not going to challenge the decisions the two of you on advertising again, and I suspect that will take some clenching of my teeth.  

But in my opinion, you would both best serve NXT by coming up with a consolidated advertising plan first, open to community comment before execution, that includes CPM as a key metric for consideration and then price that plan instead of just saying things like "I dream it up and somebody executes it" and "Let's pop the ad budget up by 50% with unclaimed NXT".

Good luck to you both.