they didn't black back mike caldwell. they decided what he was doing was illegal so they send him a cease and desist notice, with which he complied, and that was the end of it. this is the wild west, no one knows yet what is legal and what isn't. you get 1 free pass as long as the precedent has not yet been set.

*edit* atleast that's the hope /gulp. now accepting godfather applications.

If all goes well than they will be a very high quality product. perhaps they may not be accepted as coming from a legit dealer immediately but hopefully it wont take too long before my brand builds up reputation.

really though if you want to turn them into cash than the best way would be to send them to me in exchange for claim checks, sell the claim checks on the asset exchange and then cash the nxt out at a USD gateway.

another valid example. its the same thing basically. i dont know if this is enough of a legal shield to keep me in business, but IF they decide that what im doing is illegal, its probably enough of a shield to grant me a cease and desist warning rather than a black bag in the middle of the night.

you need an emergency injection of andreas antonopoulos. it may not be bitcoin specifically where all of the big money will be made but you have absolutely not missed the crypto (in general) rocketship. this thing is just getting started. wait until other forms of finance besides only money move onto the block chain. wait until finaincal securities move onto the block chain. wait until people blockchain crowed funding over takes kickstarter. wait until people start bootstrapping corporations. wait until we have self executing 0 counter-party risk derivatives contracts on the blockchain. jesus wait until distributed autonomous corporations.

you havn't seen anything yet.

yea i dont think you understand how meteors work. no offense i mean everyone cant know about everything there are a lot of things i dont know much about so please dont take it personally. only very very large meteors actually survive the atmosphere long enough to actually impact the ground. also we obviously arnt talking about sticking the worlds largest nuke at the center of the asteroid and blasting it into a thousand random uncontrolled pieces. we are talking about fracturing it at key points with controlled explosions and then guiding these pieces to the intended destination with means other than explosions.

please dont tell me that something is totally imposable simply for your own lack of imagination. it may be imposable, im not going to argue that it isnt. but please dont pretend that you know that this is the case. neither of us knows for sure one way or the other.

so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.

so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.

the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.

one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.

tell me what you guys think.

so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.

so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.

the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.

one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.

tell me what you guys think. ill post this in my silver bullion thread also so if you are seeing this message any later than say a half hour after it was posted than it will probably be better to reply to it there.

what you need to do is attach thrusters to the asteroid on one of its closer passes by earth, then while it is making its journey around the solar system and back again you use the thrusters to gently "nudge" it in such a manner that on its next close pass by you can lasso it in earths gravity. then you fracture it into bits with explosives or something and rain those bits down over your giant desert property to be collected by a sand sifting harvester. would this be prohibitively expensive? maybe but also maybe not, all of the gold on planet earth is pretty damn valuable.

first you find a novel way to crack it up into bits and then you drop the shards into the atmosphere above your giant desert property. maybe no such novel way of doing this exists, but also perhaps it does.

if anarchy for some reason couldn't work than a reasonable contingency plan could be panarchy. Basically the radical decentralization of sovereignty if not down to the individual level. the planet could be checkered with tens of thousands of states that would be territorial monopolies over the land they owned but each owned bits of land here and there scattered across the globe, sort of like how governments own embassies and that land is technically considered the sovereign territory of the government they represent and not the country they are located in. this would increase competition between governments which would force them to act much more like free market companies attempting to offer value to their customers.

Any considerable risk of the asset getting wiped at some point in the future? can people trade them with each other?

yes that sounds right to me. i doubt we will run into many situations where we have multiple legit assets with the same name. that would probably be a better solution than the ability to store notes for assets locally.

I mean there wouldn't be anything wrong with having the name editable and that change would be stored on the blockchain. but it would be nice to have a general "notes" field that was stored locally. that would make it a lot more difficult for scammers to trick people with almost no cost.

important point to specify is that that field be stored locally not on the blockchain.

*edit* just to head of that argument before it even begins

is counterparty ready for the issuance of basic assets? something simple like claim checks?

good point! a novel solution that idk how i overlooked.

why more than the id? id is not the same thing as name.

its a good solution imo just remember to check the id before you click purchase.

it could still collide if someone else registered Anon136.silver10z

for producers maybe. not consumers.