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Title: Nxt :: Asset Exchange :: How to use the funds? Post by: mcjavar on February 11, 2014, 05:32:35 PM Nxt :: Asset Exchange is currently getting tested on the TestNet.
Iīve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used legally. As you may already know, the Nxt :: Asset Exchange can be used to fund your project, get additional funds for your company to expand, do great things, or whatever you need money for. Now the problem is, that it is not clearly regulated how these type of investments have to be handled in you bookkeeping. The process is the following: 1, You create an asset using Nxt :: Asset Exchange (it will cost you 1000 Nxt) 2, The shares youīve created can be bought by people you convince to invest in your idea/company. They might expect some weekly/monthly dividends for their investment. 3, You get Nxt for the shares youīve sold 4, You can trade the Nxt to BTC and/or to USD/EUR 5, And now comes the hard part. How to use the money legally? Does anyone already have some experience doing crowdfunding? How is it different to using Asset Exchange. Title: Re: Nxt :: Asset Exchange Post by: mcjavar on February 11, 2014, 05:33:29 PM If you are involved in testing the Asset Exchange, this is the right thread for you:
https://bitcointalk.org/index.php?topic=460343 Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: mcjavar on February 11, 2014, 05:53:09 PM Could buying gold or silver for BTC and then trade it for cash be a way to go the first step? What do you think?
Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: msin on February 11, 2014, 06:06:43 PM Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold.
https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510 Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: mcjavar on February 11, 2014, 06:21:33 PM Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510 That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: Come-from-Beyond on February 11, 2014, 06:31:58 PM Iīve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used legally. Should be "Iīve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used legally." or "Iīve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used illegally." Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: msin on February 11, 2014, 06:34:58 PM Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510 That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country. Unless we had a Nxt Belize bank where everyone could access their accounts. Legality and Crypto exist on very blurred lines. Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: gobpaul on February 11, 2014, 06:36:40 PM It will be revolutionary.
Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: mcjavar on February 11, 2014, 06:45:25 PM Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510 That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country. Unless we had a Nxt Belize bank where everyone could access their accounts. Legality and Crypto exist on very blurred lines. I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this. Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: msin on February 11, 2014, 06:50:14 PM Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510 That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country. Unless we had a Nxt Belize bank where everyone could access their accounts. Legality and Crypto exist on very blurred lines. I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this. So am I, but if we had someone take care of it so that people could have individual accounts, access, even debit cards, that could be huge. I'm sure we could offer a large bounty for the solution. Would solve our Nxt/USD problem. Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: mcjavar on February 11, 2014, 07:01:32 PM Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510 That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money. What would be step 2? It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country. Unless we had a Nxt Belize bank where everyone could access their accounts. Legality and Crypto exist on very blurred lines. I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this. So am I, but if we had someone take care of it so that people could have individual accounts, access, even debit cards, that could be huge. I'm sure we could offer a large bounty for the solution. Would solve our Nxt/USD problem. I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we canīt get to the next level. Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: mcjavar on February 11, 2014, 10:36:12 PM I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we canīt get to the next level. http://www.sfm-offshore.com/belizeoffshorecompany.html Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: msin on February 11, 2014, 11:27:15 PM I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we canīt get to the next level. http://www.sfm-offshore.com/belizeoffshorecompany.html Let us know what you find out. Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: brooklynbtc on February 12, 2014, 02:22:33 PM I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we canīt get to the next level. http://www.sfm-offshore.com/belizeoffshorecompany.htmlThank you. I will get in touch with them (or a similar company) No problem! ;) Although there is a level of anonymity regardless of who the owner of the International Belize Company (IBC) is... I suggest you establish a Belize Trust first and then have the Trust be the owner of the IBC. Discuss the differences with people offering said services and they will guide you through it; I am referring to the steps I had posted in another thread. sfm-offshore might already be doing it this way... but I am not sure. i'm down with trips to Belize for "business" Title: Re: Nxt :: Asset Exchange :: How to use the funds? Post by: theforummaster on January 28, 2020, 12:15:24 PM just a quick fyi. That a Belize IBC will have no anonymity these days. Unfortunately, things have changed drastically in the offshore formation market. The OECD forced Belize to change its tax laws so now it's pretty much over. However, I would suggest a Panama IBC
https://www.offshore-protection.com/company-formations-registrations Panama still has strong secrecy clauses and financial laws that protect people's information. There are a few other offshore jurisdictions that you can choose from here https://www.offshore-protection.com/company-formations-registrations Beware though of just going with any offshore jurisdiction these days, laws are changing fast! |