Got a proposal for ya, FC.
How about u stop deleting critical, constructive and non-abusive posts from your self modded threads and I'll stop playing games with your links, if I have to quote them?
noted |
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Gentlemen, Many of the trolls here are deliberately changing the reservation link, this is not the link: https://bitcointalk.org/index.php?topic=137288I remind people on this board that deceptively changing the original link can be construed as fraudulent activity. Thank you. I ask you all to fix your links before it is captured for posterity. That would be one of the trolls, FC. Yes, it's me..... How is forwarding a click to the scam accusations board from within my own post fraudulent activity ? And, I have to point out, it has already been captured for posterity. Remember my post about backups from almost a page ago ? So you admit to deliberately altering the links so that they land in other pages? |
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One thing that still isn't totally clear is how you will deal with the code. Will this be an open source project?
We will let the people who purchased decide whether is should be open source or not. In fact, an option may be that we can put the source code in escrow. So if the people decide it should be open source, it will be? Yes. It is the purchasers decision. Nxt purchasers decided for closed source, despite the source being listed as open source. I think you ask too many questions for someone who hasn't made a reservation. How about this, I'll put you down for 10,000 NXT and you can ask questions later? |
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One thing that still isn't totally clear is how you will deal with the code. Will this be an open source project?
We will let the people who purchased decide whether is should be open source or not. In fact, an option may be that we can put the source code in escrow. |
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Gentlemen, Many of the trolls here are deliberately changing the reservation link, this is the link: https://bitcointalk.org/index.php?topic=429399I remind people on this board that deceptively changing the original link can be construed as fraudulent activity. Thank you. I ask you all to fix your links before it is captured for posterity. |
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We can open up this option to the investors when payment is tendered.
And two minutes later you actually call them investors. Which is it? Investors in the item they are purchasing. Not investors in the company. Let me try again. A company invests in advertising because they feel that it would improve their business. They are not investing in an advertising company who sells advertising to this company. |
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As I stated in the other thread: culture confusion.
Actually, you can have closed books in the US. In Europe that is actually quite a no-no.
You are within your rights.
I just wanted to clear up that you are actually going to take 1000000 Nxt, at current value around $ 72000 and not provide any feedback, except "take my word it will go to development" to your "customers".
Also, you are treating the cryptos as a commodity then, not as a currency.
At this time, there is plenty of motivation to deliver. Also, please don't confuse a reservation of an item with an actual payment. Yes, we are delivery software, therefore it is a commodity. In the U.S. crypto-currency or virtual currencies are not considered currencies. |
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In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins.
Well, you could always open up your NEX/NIX IPO to other currencies (such as BTC), and let people pay using that instead of NXT? If NXT holders really want to get rid of their coins, they can do so at bter, dgex, etc. These exchanges work for me (although I do understand that your NXT deposit might not have cleared yet, due to it being just 1 NXT). We can open up this option to the investors when payment is tendered. |
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If you plan to work this as a company, your investors have a legal right to seeing the accounts, especially if such amounts of money are involved.
I'm looking forward to your annual report to the State of Delaware and to the investors.
I think you confuse people buying a crypto currency that we create with investors of the company. People who buy the crypto currency are customers of the software we create. Let me give you analogy. If we sold mining equipment. A customer may consider the acquisition of said mining equipment as an investment, however the mining equipment manufacturer is just selling a product. The customer does not have any right to the books of the manufacturer. |
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Just to clear this up:
You are raising 1000000 Nxt, which is at this moment worth 90 BTC which is around $ 72500.95
Will you be giving reports what the money is spent on, like any company does?
Sorry. This is a private company. How it spends its earnings are private. That is just the way it is. To re-iterate, the money is spent for development costs of the coin. Furthermore, the 1,000,000 Nxt may not fetch 90 BTC. We are in fact taking considerable risk by tying the price to Nxt. In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins. |
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5000, OOO
1000, romawi
10000, garicup
10000, nomailing
20000, canth <--- exceeds limit
10000, chetalk
3000, kolbas
10000, teco051
10000, bitular
8000, indigon
4000, homerzhu
2000, nfigueir
5000, tobyliciously
10000, atomiclock
1000, hvezdasmrti
10000, smophf7
10000, ow48uh
10000, rioshock2
1000, fragout
10000, sottymax
4000, LeFiste
10000, soarlyzed
10000, snipedrunk
2000, Swisscoin
5000, dannac
10000, fibbonac1z
10000, vemdoctor9
5000, Siegtal81
5000 irrawaddybtc
10000 Franconomasky
2000 cntrlsquare
10000 Jaguar0625
5000 NapoBear
10000 tylenol3mit
6000 dlog
1000 toolatetoberich?
2465 eXme
10000 miramare
1000 langkeming
1000 steyast012
1100 alrose
7000 bitfromit
1000 icoinv
4000 lenco
1000 Msile
10000 ripplebtc
10000 cremstopper
10000 jajansen
2683 lonesoul
5000 zurra
5000 td services
10000 lda1000
7000 SyRenity
10000 wallacemckart
10000 Attack.of.the.Clones
3000 serogen
4000 atleticofa
7500 Kuttingco
10000 Kuttingcorners
10000 User705
1000 tk808
1000 virtualaddict
10000 Revelations86
2500 psybits
10000 aa417444103
1000 sydorFunk
2500 silanmil
9500 solracx
9500 Come-from-Beyond
10000 hunglejungle
5000 godt
10000 olano
1000 mingophoria
2000 yshuifejng
7500 mattmct
2000 Onkel S.
2000 Microove
1000 Maverick69
5000 kavin2468
10000 atriz
2000 tk808
10000 cc5alive
2500 Bourbon44
2500 extee
1000 rb2
2000 waytogo
507,500 total <-- 50% of Limit
Limit is 1,000,000 NXT
Limit 10,000 NXT per User
Amounts under 1000 NXT not listed here but will be included
Appears to be around 100,000 NXT commitments per day. This will likely close in 7 days. So don't forget to make your reservation.
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Just to make sure i understand you clearly, you will be copying the current nxt source code, making some industrial changes and then release the source code to the world. It will then be up to the nex community to adopt and cultivate it. Does that mean you wont provide any servers or support? What about industrial bug fixes, new versions? What will happen to all the investors funds if you just keep it all.
What will you do with the $100000 worth of nxt you will get? Should you spend some of that on making sure the nex network actually works?
Shouldn't you distribute the one million nxt to all the nex holders equally?
Is that too much to expect? Would it impact profits too much
Please do not mislead me
James
The coin will be created and sold to the community. All proceeds for the sale, just like the Nxt sale will go to the developer. So for BCNxt who created Nxt, he received 21 BTC. We hope to raise 1,000,000 NXT or equivalent to pay for development expenses. I hope the community will step up by running the necessary nodes to secure the network. We will provide instruction on how to to so. More details will follow when we have the coin ready for launch. Shares will be divided between Visacoin victims, NXT buyers and 'Interested' parties. All NXT buyers who reserved have the privilege to purchase the amount they reserved. 1 NXT would likely fetch around 500 of these coins. Yes, 500 coins, not 50 as previously allocated. So if 10,000 NXT was reserved, 5 million of these coins are expected. Let me know if that was clear. |
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A couple of questions, these might be silly, but I'll try anyway: Will the option to invest remain open until you have received 1M NXT or will the window close at some time whether or not the 1M NXT pledges have been received? Edit: I guess this was answered above.  If you do receive 1M NXT pledges, and not all who pledge actually invest, what will be done with the remaining NEX allocated for NXT users? Will there be an option to come in and buy up the remaining shares? Will the 10,000 NXT cap be lifted for those who would like to buy more? Edit: It seems like this option could remain open for quite some time if not everyone invests. How often will the pledge list be updated so that we know that our pledge has been recorded? Looking forward to trying this out. Cheers. Because we can do it very quickly, we will release an industrial version of Nxt. All the coins will be distributed to 3 main parties, Visacoin victims, NXT exchangers and free loaders. We are giving this to the community to eventually promote and maintain. In short, we will create the crypto currency, but it is up to the community to adopt it and cultivate it. |
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And what about my question? I don't understand what u will use in NEX - published source code or decompiled binaries.
Published MIT licensed code. Thank you! That's bad, coz it contains 3 injected flaws and the fatal one is not found yet. It will kill this coin within 24 hours. Does it mean that launch of NEX is postponed till April? No problem. Thank you for your contribution. Also, you are also welcome to contribute your talents with us. |
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And what about my question? I don't understand what u will use in NEX - published source code or decompiled binaries.
Published MIT licensed code. Thank you! |
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Open source software. Last I checked, it was under an MIT license.
That code contains 3 flaws. Did u find the last one which will kill the coin within 24 hours? Here is the license that is posted with the source: Copyright (c) 2013-2014 BCNext and the Nxt core developers. Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/ or sell
copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE. So, you're going to sell freely distributable software? Otherwise you void the permission. Uh.... I don't think you understand the MIT license. Read it again. |
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Open source software. Last I checked, it was under an MIT license.
That code contains 3 flaws. Did u find the last one which will kill the coin within 24 hours? Here is the license that is posted with the source: Copyright (c) 2013-2014 BCNext and the Nxt core developers. Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE. Does it let u to use decompiled recent version of NRS? You published MIT License. You claimed it was Open Source right. You posted to me the decompiled source and said it was the open source version. Folks... you gave it away, free and clear. Thank you very much! Please visit this thread for reference: https://bitcointalk.org/index.php?topic=422590.0 |
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The last time I checked, selling software was legal in the U.S.A.
Are you selling NeX? Is it "reimagined" for selling now?  BCNext sold Nxt for 21 BTC. Unless you want to rephrase that and say 'BCNext received 21 BTC in compensation' for creating Nxt. |
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Open source software. Last I checked, it was under an MIT license.
That code contains 3 flaws. Did u find the last one which will kill the coin within 24 hours? Here is the license that is posted with the source: Copyright (c) 2013-2014 BCNext and the Nxt core developers. Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/ or sell
copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE. |
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