Selling software that enable a new currency is perfectly legal in the U.S.A.
Weren't u going to sell decompiled software?  Open source software. Last I checked, it was under an MIT license. |
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Yes. So crypto-currencies are a ponzi scheme? That is a surprise to me. I don't see the U.S. government declaring crypto-currencies a ponzi scheme. Wait, are you making an accusation here that CodeAudit corp (i.e. FrictionlessCoin) is running an illegal activity? Is that what you want to say? Let me know, because I may need your name and address. |
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Thanks!
As long as you follow all the corporate rules and dont manipulate people, i would be interested in investing. What sort of revenues does your company make?
I am still confused how you planned on making money from nex if you were giving everything away. It makes a lot more business sense now that you are simply exchanging nxt for nex nix, why bother with fairness when there is big profits to be made. It was amazing the way you manipulated people by saying it woild be totally fair at first and then had this evolve to s simple exchange. now you are laughing all the way to the bank!
When is your nasdaq ipo? Can i be an early investor?
James
The person who wrote Nxt (BCNext) earned 21 BTC for his efforts. The Nxt to NEX (or anything similar) is just a collective purchase of the currency. What you call manipulation is called 'marketing' in other circles. CodeAudit corp is currently private... but listing on CryptoStocks may be an option. Maybe you need to realize, this isn't a hobby anymore. Serious money is being made and maybe its about time you start your own corporation. |
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Please stop manipulating and misleading people. Rickyjames might take an interest in you.
James
manipulating and misleading... please provide evidence. A Nxt Clone is just software. The last time I checked, selling software was legal in the U.S.A. Running an exchange may require a money changer's license. Selling Bitcoin or crypto currencies is perfectly legal in the U.S.A. Selling hardware that mines crypto-currencies is perfectly legal in the U.S.A. Any device that creates crypto-currencies is perfectly legal in the U.S.A. Selling software that enable a new currency is perfectly legal in the U.S.A. So what exactly do you mean that fraud is being committed? |
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You're one to talk.
I am not on a smear campaign. I am simply asking for clarification on some very simple questions.
As others have pointed out, your behaviour(s) speak volumes.
Maybe we need to have your name and address also. Just in case. |
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Until this moment i had no idea i was talking to a real live corporation
I did not say you were committing fraud, in fact i was making sure you didnt commit fraud
I am one of the early nex supporters. Are you going to sue one of your initial supporters for trying to help?
When you said manipulating people was not a crime, i just got so concerned for you
That is exactly what all the guys who end up being convicted of fraud usually say
Carlos, i know you are not that kind of guy. You just are doing this for a piblic service. But what is the profit angle? Maybe codeaudit is a nonprofit company? Then all this makes sense
James
So it is clear, CodeAudit is a for-profit corporation incorporated in the state of Delaware. FrictionlessCoin will be the brand for products that will create all kinds of crypto-currency software for sale. One of these products may be a Nxt clone that we may offer for sale to the public. Carlos Perez is a shareholder in CodeAudit Corp. "FrictionlessCoin" in this forum relates to the actions of the corporation. "solracx" in this forum relates to the actions of the person. So it is even clearer to you, ZenithCoin is owned and by Carlos Perez. FrictionlessCoin created ZenithCoin. FrictionlessCoin also is the lead developer for iXcoin and makes its software contributions for free for iXcoin. FrictionlessCoin has other projects in the pipeline regarding crypto-currencies. In short, if FrictionlessCoin decides that selling a Nxt clone has financial potential, then it is clearly within the laws of the United States of America and the State of Delaware to provide such software. |
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Legally when they say a corporation is a separate person, it is with the assumption that you have all the paperwork in place. Corporate charter, board meetings, corporate resolutions, and whatever you do don't ever commingle any personal funds with corporate funds. That would almost certainly invalid the whole separate person status and make you fully liable personally for anything the corpotarion did.
So would not having a real corporation
So would not following all the rules of the state you are incoeporated in
That is why i asked about what state you were incorporated in
How large is the board of directors?
James
Corporate entity is incorporated in the State of Delaware under the name CodeAudit Corp. Accusing a company of fraud without having something to back it up can get you sued for defamation. So be very careful what you say. James, may I have your name and address, just in case. |
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It's incredible how much you can perceive from what's written. https://ghash.io/ghashio_press_release.pdfPage 2 •We will implement a feature, allowing CEX.IO users to mine bitcoins from other pools. So when they purchase GH/s they can put it towards any pool they choose. So, in order to expand their cloud mining without risking a 51% attack to bitcoin, they are gonna welcome under their wings other pools. Do you get what it means for iXcoin having a big boy like this on its side? Yup, we got the biggest of the boys on our side. Absolutely no way I would be selling at 11 cents. |
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So current plan is to give
450 million coins to Visacoin victims.
650 million for buy in of 1 million NXT (or equivalent) to pay for development.
zero allocation for dev.
what you get is a new version of NXT
(1) Bitcoin like addresses.
(2) Decimal places.
(3) Database backed.
Any other suggestions?
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How about FIX ? this coin is a NXt fix after all  FIX.... yes... isn't there a financial protocol called FIX? |
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Here is the current distribution plan.
420,000,000 will go to the VisaCoin folks.
The remainder 640,000,000 will go to those who reserve here.
The name for this coin will tentatively change to NIX.
I don't like NIX, sounds like " New iXcoin". Okay, VIX then. |
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Here is the current distribution plan.
420,000,000 will go to the VisaCoin folks.
The remainder 640,000,000 will go to those who reserve here.
The name for this coin will tentatively change to NIX.
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What was the original percent of coins that was promised to be allocated to investors?
Was it 420,000,000?
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I'm revising my original 500Nxt pledge to just 50Nxt =2500 Nex
reason is Nex is not gonna be a Nxt clone as you originally announced (and many pledged their nxt based on that asumption).
I appreciate that you are now trying to do something different/better as you say but it won't be easy and if you pull it off will take too much time.
also closing the original thread cos you couldn't moderate it made me more cautious
gl
Extee - you might want to change your mind again! NEX will be a Nxt clone with only one or two changes: No just straight clone.
Maybe just the address to the way bitcoin does it..... maybe just that.
Or if easy, replace also the persistence implementation.
Replace persistence after first release.
I will announce a new coin NIX... Just a few changes.... designed for quick release. So instead of the 5% distribution here, it will be 100%. This is a straight NXT clone. |
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No just straight clone.
Maybe just the address to the way bitcoin does it..... maybe just that.
Or if easy, replace also the persistence implementation.
Replace persistence after first release.
Does this mean you're going to make the code available again, the one on github that you took offline recently? I think you promised it 2-3 days ago: No, that is old cold. The clone will just be the refactored version, removing all legacy Nxt code from earlier blocks. So changes are very simple. (1) Change address mechanism (2) Change how money is handled (3) Change persistence (4) Remove all old Nxt block chain code That is all that is needed. If I really work on it, I should be ready by the weekend. I think I will rename this project NIX. Give it all to the community. You will need to register your own domains to promote it. I will just maintain the code. |
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Is this not a worth while goal?
It is. Any ETA on client soft? That actually is a very interesting question. There is one group that wants a clone of Nxt. Then there is another group that wants something better. We can do the clone of Nxt right now... it is just a configuration of the genesis block. But we can also do something better. Decisions, decisions, decisions!! Let's just clone Nxt. It's faster. Possibly. That wouldn't have the nice LV1/LV2 stuff though? No just straight clone. Maybe just the address to the way bitcoin does it..... maybe just that. Or if easy, replace also the persistence implementation.Replace persistence after first release. I just realized that 0.5.10 was release for Nxt and there is this note: Progress Report: The refactoring of 0.6.0 is going well. The Nxt project now consists of 86 java files instead of 1. I will proceed to work on persisting blocks and transactions in a database some time next week. I do not plan to release 0.6.0 until absolutely necessary, because it does not contain any new user visible features and at this point is likely less stable than the 0.5.x series. Urgent bugfixes and new API's, if needed, will still be added to 0.5.x. Any Nxt clone projects that have been eagerly awaiting the 0.6.x series, so that they can benefit from my refactoring work for free, will have to continue waiting, while we make progress. Should we wait for the refactoring to be done for the clone? We've already refactored the decompiled stuff ourselves. Would you like to trade refactorings then? |
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ok... it was explained... those were the 1 BTC payments. thank you for explanation. |
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This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of:
170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Ok... fair enough. The distribution is what it is. |
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although i believe in more fair and equal distribution, it is not specifically a Nxt issue but a wider problem .
and if you can make a coin which is more widely distributed from the start and technologically superior to what we have. go for that.
giving coins to miners , or botnets or sockpuppets is not necessarily more fair than giving them to investors.
so the distribution model requires very careful consideration.
Agree with you that it is a wider problem with crypto currencies. |
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I'd guess brute force attack.. sorry about that sucks.
Make a new account and I'll send you 3 NXT
BTW i think the nxt client recommends super long passwords.
That is very nice of you. Thanks but I am not here to ask for NXTs.  I am more concern of the security and the future of NXT. If stealing NXT is just the matter of guessing one's password, then its security is nothing compared to the good ol' Bitcoin. 10 characters is too short, you need to use at least 50 characters for NXT. use a random password generator to make it.
I don't think the average Joe would go through that kind of trouble to do that, it is a good thing to have a 50 char password but it is just not practical. I suppose more than 15 char is recommended. My thoughts on the security aspects. If the wallet provides you with the option of having a password, shouldn't it be the second line of defense instead of being the only one ? NXT requires a complete change in thinking. There is no wallet.dat to protect. The passphrase/password is the same as the privatekey in bitcoin type cryptos! Entering that passphrase in NXT wallet is like importing a privatekey into a bitcoin wallet. The more complicated your passphrase the more secure your NXT will be, and like privatekeys in bitcoin each passphrase equals one unique NXT address. More information on security for NXT can be found here http://wiki.nxtcrypto.org/wiki/Account_SecurityExactly. Been screaming about this. It is just insane. You can collect all the addresses by reading the chain, then you run a brute force to see if any matches the chain. It is crazy!! |
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