[ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness!

[Damelon]

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.

Good luck!

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[FrictionlessCoin]

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.   

[Come-from-Beyond]

And what about my question?

I don't understand what u will use in NEX - published source code or decompiled binaries.

[Damelon]

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.   

Oh, you can sell it. That's allowed.
That's not my point.
It will only be interesting to sell it, if you make YOUR part proprietary.

[FrictionlessCoin]

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!

[Come-from-Beyond]

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?

Edit: U can read more about the flaws here - https://bitcointalk.org/index.php?topic=397183.0

[FrictionlessCoin]

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.

[starik69]

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.

Are you selling NeX? Is it "reimagined" for selling now?

[Come-from-Beyond]

No problem.  Thank you for your contribution.

Also,  you are also welcome to contribute your talents with us.

I'm not sure this situation can be described as "No problem". R u going to launch the coin using flawed code?

[Damelon]

No problem.  Thank you for your contribution.

Also,  you are also welcome to contribute your talents with us.

I'm not sure this situation can be described as "No problem". R u going to launch the coin using flawed code?

Wait what?

Is he back to using the Nxt code?

Wasn't he going to build it from scratch?

[Come-from-Beyond]

No problem.  Thank you for your contribution.

Also,  you are also welcome to contribute your talents with us.

I'm not sure this situation can be described as "No problem". R u going to launch the coin using flawed code?

Wait what?

Is he back to using the Nxt code?

Wasn't he going to build it from scratch?

I'm confused, that's why I'm asking.

[BitcoinForumator]

Hearing FC speak I can't help but think of this:

[Damelon]

Reposting this in the non-self-moderated thread:

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?

I remind you:

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.

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.

[FrictionlessCoin]

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.

[Damelon]

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.

[Damelon]

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.

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?

[FrictionlessCoin]

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.  

[FrictionlessCoin]

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.

[Damelon]

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.

I'm just trying to get as complete a picture as I can.

So: you are, at this moment, asking for reservations on a commodity that hasn't been developed yet, will take the money on delivery and will be working with closed books.

One thing that still isn't totally clear is how you will deal with the code. Will this be an open source project?

[FrictionlessCoin]

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.