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Just look at the nxu announcement thread
Fc is gone, long live rexthewounder
I might be wrong, what do you think
James
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Will there be an exchange for nem?
We could just use ripple to trade nem, even now!
I could help setup a trading market and distribute NEM IOU within ripple. These could be traded now and as long as they are redeemable into actual nem after genesis, then it means we can launch nem much sooner
As soon as there is an nem/xrp orderbook, it automatically gets us fiat gateway to usd, cny, eur, etc
We could even convert to btc, ltc, nmc, ppc, doge
Let me know if this is of interest and if it qualifies for fiat gateway
James
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I'm bored, where's the FCs at?
Nxu Rexthewounder is his new handle |
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Nxu
Fc seems to have morphed into rexthewounder
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Give Mark a token Nxt account of 500 Nxt so that at least he can start forging and not have to buy from an Exchange....his time is limited..the guy is a billionaire and could cover Nxt whole marketcap if he wanted to.
so give him token wallet with 500 Nxt so that he can at least START FORGING.
Or send him preconfigured solar powered cubie I think he likes gizmos He is pretty smart technically, as long as he is told we are in beta he will not expect everything to be perfect He understands tech development My guess is he thinks mining is a big waste of resources Send cool solar powered nxt computer. That will have a lot more impacf than nxt acct, of course send him small amount so he doesnt have to buy it on xchg. But he needs to make acct first James |
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I have 4 NXT. I have no clue what the point of this currency is.
That was an insightful and important comment.  Well here is maybe something better, with POS there is no way I can generate. Therefore I would have to buy more NXT which is actually more difficult right now than it seems. Sure, the exchanges like BTER exist to do that. However, at the same time, the amount needed to forge more coins is extremely high and an amount that I don't have to spend. Therefore, this coin is basically useless to someone like me, and is mostly for those that had giveaway coin, or have money to throw at it. For those that have lots of it, it's nice to have a coin become worth a lot of money, but for those that don't, what's the point of even trying to be part of the community. That is such a contradictory comment, that's the whole point of POS, if you own Nxt you can forge more Nxt. The amount of Nxt needed to forge is 1. If you own BTC, it just sits there, you don't earn any more, you have to invest in expensive mining equipment. So with Nxt, instead of buying depreciating mining equipment, you buy appreciating Nxt, to forge. Why is that so hard to understand. You're correct, I forgot to use a qualifier. I cannot generate anything in a meaningful way. I have read statements such as this, "It's simple. You need to buy a few more millions of NXTs, and then you will have a realistic chance for getting some significant reward." which speak to my plight. This currency seems to be a "rich get richer" or "pay to play" mentality. While it is fine if you have the stake to play, for those wanting to join that do not, have no chance at all. I just don't think this currency is designed for the majority. I still need to read the above link that was posted, however. statistically all accounts get the same return from forging. Of course this is little comfort when the average time to forge is over one year. In an upcoming version that will have Account Controls, one of the features is pooled forging. Not sure of all the details, but my guess is that all accounts that are pooling would get a prorata share based on their stake. I imagine we will have to wait until fractional NXT are supported. James |
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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. 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 distibute 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 |
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I can understand the importance of a better distribution of Nxt and it is difficult for the large stakeholders (whoever own 5M+ Nxt IMHO) to quickly distribute their NXT because they could hope to sell them at a better price in the future. But the dilemma is that if those large stakeholders do not distribute their NXT now a healthy NXT network may not be created and there maybe no a better price in the future.
It makes sense that the large stakeholders would only distribute their NXT if the distribution will make the price of NXT higher in the future. I have couples of suggestion here:
1) setting up a target for healthy max holding. I see that some stakeholders are still holding 5% of total NXT. Is it a healthy max holding? I do't know. For me it seems 1% is more healthy target based on the opinions I read online.
2) setting a max forging power at current stage. I see the large accounts have been gobbling the transaction fees because their balance are high. To build up a wider and stabler network, we need to encourage people to build more nodes and reward those node guys at this early stage of NXT. We can set up the max forging power as 500k or 1M, which means that all accounts with more than 500k or more than 1M NXT will be treated as 500k or 1M. Therefore the small accounts will have more forging power and receive more NXT as fees. This can be ended at a time when we have better network and distribution.
3) setting up a fund for the future development of NXT. Large stakeholders can chip in certain percentage of their NXT to this fund to facilitate the future development of NXT.
First off, the big NXT stakeholders are intelligent. They all know they need to reduce their holdings and most have already sold half or more. Some have pledged to reduce their holdings to the magic 1% level and then donate 100% of all future forging revenues to a community fund. If you had a rapidly appreciating asset, but didn't know how high it will go, will you: a) sell everything all at once now and put a big dent in the market price b) gradually sell NXT at predetermined higher and higher prices to minimize effect on price It seems you are advocating the self-destructive course of a) If I had 25 millon NXT, I would sell of increments at higher and higher prices. this gives inventory to the market as it rises and doesn't kill the price. Some of the early adopters are doing the buy low, sell high game, which is what creates all the volatility. If we want more NXT to be distributed, we just need to keep doubling its price by making it that much better and marketing it properly. I assure you that as the price keeps going up, the large stakeholders will continue to sell. Without this inventory appearing out of nowhere, the NXT price would be even more volatile than it is. As it is, each big surge in price is satisfied and the price drops as the buy demand is filled. price consolidates and makes another run up, etc. Each price wave up, distributes millions of NXT. I figure another three more doublings and there will be very few founders with much more than 10 million NXT James |
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Nifty and I have been rescheduled, delayed and smacked around by AA all morning. Hoping to now get there before 8pm... pre launch party sounds good. They just forced us off the plane ... another awesome delay. Nxt needs to go to 20 so we can take private planes in the future.  Plz stay sober for the weekend James P.S. Oh, you meant american airlines |
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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. How much money have you made with nex? Can i invest in your wonderful company? James |
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...I believe the organizers should be kind enough to mention that the Nxt community received a late invite for this particular event and we should leave it at that...
We did send two guys to represent us though we could do better and plan better. It was not a very late invitation. Adam said he invited us three days ago. Three days is not enough time to for an event this big. I bet others got a lot more notice |
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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? Well, if you say one thing (fair distribution, feature set, etc) and get money based on what you said, then you change everything and dont deliver what you promised, then that would be misleading, especially if that was your original plan I am not saying you did this with evil intent, i am just saying that other people might. I am hoping that you will return all the money you have received and wont just publish nxt code and take off with the money. You hinted that you will let the community deal with nix, that seems like such a big change from where this all started You just need to be careful, not from me, i am harmless guy, but there are so many people out there. I want you not to get introuble. I want to get lots of free nex and nix for all my helpful advice James |
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P.S. Nex is now nix and the majority of nix will come from donated nxt, so that is why i was so concerned for carlos. If he does take money from people and just publishes a copy of nxt and does nothing else as his most recent plan, all the people that actually send in nxt will get nothing. This has escalated from joke status
FC knows that he can't use Nxt code without removing the traps. I quoted his post that proves this somewhere... Carlos posts a bunch of info about his company and says he is the ixcoin developer among other things and the whole nex thing was a for profit manipulation. I am shocked. I think i deserve a small bounty for getting FC/carlos to open up :.) James |
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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. 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 |
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Codeaudit a delaware corp
This is carlos's.company and FC is carlos but typing as representative of codeaudit, not as carlos personally
He is of the position that manipulating peope is not a crime
I warned him about how to make sure he isnt convicted of fraud and avoid class action lawsuit
He hinted that he will sue me personally for defamation
Whatever you do, dont defame his codeaudit company.
We know his name, we know his company. If he crosses the line from clown to fraudster i warned him rickyjames will be activated. Hope thats ok, ricky
James
P.S. Nex is now nix and the majority of nix will come from donated nxt, so that is why i was so concerned for carlos. If he does take money from people and just publishes a copy of nxt and does nothing else as his most recent plan, all the people that actually send in nxt will get nothing. This has escalated from joke status
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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. 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 |
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WTF... FC made 2 threads !? lol
Hardest working scammer, liar, hypocrite, manipulator and thief on this forum. I'm kinda curious to find out how many other scams he's run... Like you have proof of your accusations? scammer - where is your proof? liar - where is your proof? hypocrite - subject to opinion. manipulator - where's the crime in this? thief - where is your proof? All you are doing is running a smear campaign just because someone else is mounting competition against your investments. Carlos, Manipulation carried to an extreme reulting in the transfer of value from others to yourself could be construed as fraud. Fraud is a crime Be careful and make sure you are following all the corporate rules like enron did. Well you need to do better if you dont want to get stuck with personal liability. If you own anything of value like a house, car, they can all be taken away. Even your paycheck can be garnished. Please stop manipulating and misleading people. Rickyjames might take an interest in you. James |
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Carlos
Why did you go silent on your main thread?
I was waiting for an answer about where you are incorporated. I could advise you on best type of corporate structure to minimize the chance of anybody peircing the corporate veil. That is a term you might not be aware of, but considering that you admit that you see nothing wrong with misleading people, it is super important your misleading doesnt rise to the level of fraud. Fraud is a crime and last i checked actively misleading people could in some cases be elevated to fraud
Wouldnt want you to go to jail we would all be so sad
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?
Be careful carlos, just return any money anybody has actually sent you and then i think you can avoid all fraud convictions. However if you take even a dollar, that woulld give cause of action. If there are more than 25 people that you take money from, it could even turn into a class action suit. Really a nasty business
I think you need to amend you corporate behavior and stop misleading people. It can be a crime
James
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For anybody expecting social security (usa), i have some bad news
It turns out that frictionlesscoin might actually have worked for them. He admits he is carlos in the other thread, carlos has resume including work for social security
James
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Furthermore, FrictionlessCoin is the voice of the corporate entity which is not necessarily the voice of solracx.
Could you clarify this? It sounds like you are saying that frictionlesscoin is actually not a real person, but a voice of a corporation that is owned or controlled by carlos Yes, from the legal perspective, two different legal entities. So if Carlos is writing for FrictionlessCoin, then it is from the perspective of FrictionlessCoin. I understand! You have made a corporation to insulate yourself from liabilities created by whatever frictionlesscoin does. Is it an official corporation, registered in delaware or your home state? James |
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