[ANN] [OFFER] Nxt to NEX - Exchange one Nxt to 50 NEX coins - LIMITED!

[EvilDave]

Turns out that FC is even busier:

https://bitcointalk.org/index.php?topic=423538.0

Didn't even notice that he'd launched FrictionlessCoin the currency.

Shall we make a list: NEX, FLC, iXcoin, ZenithCoin...any more?

How does FC find the time for all that dev work?

Going to sell my iXcoin right now, btw.

Thank you for selling your iXcoin! Someone has to sacrifice himself to increase liquidity of iXcoin.

Well appears the NXT gang are trying to discredit the name with a fake posting.  

Reality is NXT is poorly designed and has a major flaw.  In time people will realize this.

Fake posting, FC, please explain?
Has some trollish swine set me up?
Is that not your name all over FrictionlessCoin, FrictionlessCoin?


Edit: Or are u referring to me not being really, really enthusiastic about iXcoin ?
Performance speaks for itself: its stable. Good thing for some people, I would have kept them if they weren't connected, however tenuously,  to FC Industries^tm

[DANIDIN]

Please reserve. 900 nxt for 45000 nex

[EvilDave]

A customer enters a pet shop.

Customer: 'Ello, I wish to register a complaint.

(The owner does not respond.)

C: 'Ello, Miss?

Owner: What do you mean "miss"?

C: I'm sorry, I have a cold. I wish to make a complaint!

O: We're closin' for lunch.

C: Never mind that, my lad. I wish to complain about this thread what I purchased not half an hour ago from this very boutique.

O: Oh yes, the, uh, the nex investment...What's,uh...What's wrong with it?

C: I'll tell you what's wrong with it, my lad. 'E's dead, that's what's wrong with it!

O: No, no, 'e's uh,...he's resting.

C: Look, matey, I know a dead thread when I see one, and I'm looking at one right now.

O: No no he's not dead, he's, he's restin'! Remarkable thread, the nex investment, idn'it, ay? Beautiful plumage!

C: The plumage don't enter into it. It's stone dead.

O: Nononono, no, no! 'E's resting!

C: All right then, if he's restin', I'll wake him up!

(shouting at the cage)

'Ello, Mister thread! I've got a lovely fresh posting for you if you show...(owner hits the cage)

O: There, he moved!

C: No, he didn't, that was you hitting the cage!

O: I never!!

C: Yes, you did!

O: I never, never did anything...

C: (yelling and hitting the cage repeatedly) 'ELLO POLLY!!!!!

Testing! Testing! Testing! Testing! This is your nine o'clock alarm call!

(Takes thread out of the cage and thumps its head on the counter. Throws it up in the air and watches it plummet to the floor.)

C: Now that's what I call a dead thread.

O: No, no.....No, 'e's stunned!

C: STUNNED?!?

O: Yeah! You stunned him, just as he was wakin' up! Nex investments stun easily, major.

C: Um...now look...now look, mate, I've definitely 'ad enough of this. That thread is definitely deceased, and when I purchased it not 'alf an hour ago, you assured me that its total lack of movement was due to it bein' tired and shagged out following a prolonged squawk.

O: Well, he's...he's, ah...probably pining for the fjords.

C: PININ' for the FJORDS?!?!?!? What kind of talk is that?, look, why did he fall flat on his back the moment I got 'im home?

O: The nex investment prefers kippin' on it's back! Remarkable thread, id'nit, squire? Lovely plumage!

C: Look, I took the liberty of examining that thread when I got it home, and I discovered the only reason that it had been sitting on its perch in the first place was that it had been NAILED there.

(pause)

O: Well, o'course it was nailed there! If I hadn't nailed that thread down, it would have nuzzled up to those bars, bent 'em apart with its beak, and VOOM! Feeweeweewee!

C: "VOOM"?!? Mate, this thread wouldn't "voom" if you put four million volts through it! 'E's bleedin' demised!

O: No no! 'E's pining!

C: 'E's not pinin'! 'E's passed on! This thread is no more! He has ceased to be! 'E's expired and gone to meet 'is maker!

'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies!
'Is metabolic processes are now 'istory! 'E's off the twig!
'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisibile!!

THIS IS AN EX-THREAD!!

[jl777]

Nxu
Fc seems to have morphed into rexthewounder

[ZeroBarrier]

A customer enters a pet shop.

*snip*

I'm laughing so hard right now; my guts hurt!

[FrictionlessCoin]

Please reserve. 900 nxt for 45000 nex

Please use link that is referenced in the first post.

[LiQio]

"In summary,  this looks like an excellent idea.   Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins.

This proof of burn functionality is superior to the 'forging' feature of Nxt.

The best way to think about this is to make the analogy between banks and enterprises.

Actually,  I should rename the LV1 and LV2 coin,    "NEX Invest Coin" and "NEX Enterprise Coin" .

With the NEX Invest Coin you get 5% interest. You never lose your principal.

With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain.

It is actually a quite excellent and simple system.

Here is a rephrase of the original description:

NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum.

NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum.

Note:  The only coin that is tradeable is NIC... so NIC is synonymous with NEX (the NEX currency symbol)"

This seems all honkey dorey until you actually sit down and do the math.

This may seem like a "worst case" scenario, but we can assume it will be the real world scenario as it is based on the entire premise of this coins foundational function and nets the most gains for any given participant (even though the long term results are disasterous). To consider any other scenario would be to assume that no one takes advantage of the Lvl 1/Lvl 2/burn/inflation/deflation system, which self nulifies any argument attempting to do so as it renders the purpose of the feature and their basis moot. You have to throw either the NEX system or game theory out the window. I think we know what the result of that ends up being.

We can assume that everyone will burn immediately, forgoeing the 1 NIC/week *ANPI (5%) for the 5 NIC/week *NICS inflation (25%) right away. I realise that everyone may not burn at the exact same time, but it is in their best interest to burn immediately so it's a practical and safe assumption. Provided that doesn't insta-kill NEX as the money supply would meaningfuly deflate to nothing on its release, (albeit temporarily, as it technically reinflates over time), we can proceed with the excersize normally.
(*See below for meaning of ANPI and NICS acronyms)


So let's have a closer look, shall we.


Our Baseline is 1 Billion NIC and 0 NEC. But remember that we burn immediately.

Well use an arbitrary 1 year period as our time scale in this excersize for the sake of simplicity and organization.


NEC Inflation
-------------
1000 NIC Burn = 1 NEC

Total NIC supply (TNICS) / 1000 = NEC Supply (NECS)

NECS + Previous years NECS = Total NECS (TNECS)



NIC Supply (NICS)
-----------------

1 NEC creates 5 NIC/week. So,

Total NEC Supply (TNECS) x 260 (5x52 weeks) = NIC Supply (NICS)




Annual NIC Passive Inflation (ANPI)
-----------------------------------

1000 NIC = +1 NIC/week

(NIC Supply (NICS) / 1000) x 52 (weeks) / 2 = Annual NIC Passive Inflation (ANPI)

NICS + ANPI = Total NIC Supply (TNICS)

*Why do I divide by 2 to get ANPI? After the first "mass burn", the NIC supply shrinks to zero and slowely inflates, all the while generating NPI units at the +1/1000 NIC a week. To simplify, we will divide this calculation by half and consider that the average increase. I consider this an effectively safe calculation assuming that burns happened at random as well. I think that's being fair and generous in the favour of NEX.



All numbers have been rounded to the nearest thousand(th) for the sake of simplicity.

TNECS (Mil)          NICS                           TNICS       
--------------------------------------------------------
Y0  -  Immediate burn of the NIC supply  = 0    <--- Only real deflation of the money supply (but we can see already this is just a trick up NEX sleeve)
Y1  -  1.0             260,000,000 + ANPI =    266,760,000
Y2  -  1.267          329,420,000 + ANPI =    337,985,000
Y3  -  1.605          417,300,000 + ANPI =    428,150,000
Y4  -  2.033          528,580,000 + ANPI =    542,323,000
Y5  -  2.575          669,500,000 + ANPI =    686,907,000
Y6  -  3.262          848,120,000 + ANPI =    870,171,000
Y7  -  4.132        1,074,320,000 + ANPI =  1,102,252,000
Y8  -  5.234        1,360,840,000 + ANPI =  1,396,222,000
Y9  -  6.630        1,723,800,000 + ANPI =  1,768,619,000
Y10 -  8.399       2,183,740,000 + ANPI =  2,240,517,000
Y11 - 10.644       2,767,440,000 + ANPI =  2,839,393,000
Y12 - 13.483       3,505,580,000 + ANPI =  3,596,725,000
 

After evey mass burn, the money supply (NIC) will effectively go to zero and slowly inflate to its maximum amount when the next burn will happen. The volatility caused by massive shrinking and expanding of the total money supply is insane for obvious reasons. Even if this does not happen in a nice clean manner as described, it's an uphill argument to say there wouldn't be massive fluctuations in the money supply. Note that the first burn is the ONLY year that causes an actual meaningful deflation (but we see it's an illusion if we look at the proper time scale). Looking 7 years into the future a problem peaks its head out. Look at year 8, 9, 10 and its obvious where this is going. We can easily conclude that it gets exponentially worse from there, going further into hyperinflation with disasterous results. This system is a combination of disasters that would make bitcoins volatility look like a blip on the chart. This is the zimbabwe dollar of crypto.

Here's another potentially fatal consideration. If burning NIC to NEC nets 25% per annum, why would anyone ever hold NIC?! It's easy to see that everyone would likely burn any NIC they ever get straight to NEC to put it to work generating more NIC. This nulifies the NIC supply (the actual money) and hyperinflates the NEC supply (the static, wallet digit. AKA, useless except to generate more NIC which will be burned to generate more NEC, ad infinitum). The only time anyone will hold NIC will be to sell it. NEX would self destruct from either the currency (NIC) supply being perpetually burned to non-existence and/or becoming a game of hot potatoe until the value drove itself into the ground.

I'm better with logic than mathematics so forgive any crudeness in the latters organization/presentation.

Feel free to crack my reasoning/math apart. Maybe I have made a simple mistake, but it seems pretty solid to me. Even without the math, the second argument is pretty fatal to the concept.

Conclusion? NEX is bullshit. The only "feature" separating it from Nxt is VERY fataly flawed. Is fictioncoin knowingly pushing broken garbage to take 1 mil Nxt out of the pocket of Nxt investors and put it in his? Maybe, maybe not. Can you trust the person's thinking that brought you a system this flawed? That's for you to decide. My personal opinion is NO. This whole "IPO" is pretty stinky, along with the other "projects" I've seen him involved in. I'd be cautious, skeptical and highly suspicious.

Thoroughly analyzed, thanks a lot buybitcoinscanada.
 

[EvilDave]

Nxu
Fc seems to have morphed into rexthewounder

What a completely stupid handle.....I much preferred Frictionless,

Sounded like some sort of lube, for those frictionless intimate moments with your loved one....

[frajervitalny]

Nxu
Fc seems to have morphed into rexthewounder

What a completely stupid handle.....I much preferred Frictionless,

Sounded like some sort of lube, for those frictionless intimate moments with your loved one....

LOL so hard

[grajson]

I want to invest 10000NXT - where shoul I send it?

[FrictionlessCoin]

I want to invest 10000NXT - where shoul I send it?

You need to reserve it here:  https://bitcointalk.org/index.php?topic=429399.40

[EvilDave]

NEX (Nexus is an EXchange)



NEX distribution to be fair to all will be merit based.

You automatically get a percentage of NEX if you show interest.

You get a percentage every time you contribute to NEX.

For the Nxt users who feel disenfranchised,  we will allocate 5% of NEX that they can purchase in exchange for NXT.  We will offer a steep discount of 1 NXT for 50 NEX.   5% of NEX is 50 million coins, this is a hard limit.  Nxt Coin holders are limited to 500,000 NEX per user.   The offer ends when NEX is distributed or the 5% is exhausted.   Nxt owners... this is your opportunity to become an early adopter.  

Please post here to signify your interest in performing the exchange.

We will not take any Nxt until the day when NEX will be distributed.

Please include the amount of Nxt you want to exchange.  We will only accept 1 million Nxt.   This is a hard limit.  

This offer is open now and will close when 1 million Nxt is reached.

We reserve the right to cancel any request.

PROPOSAL:

Implementation of the following PROOF OF BURN:  https://bitcointalk.org/index.php?topic=422309.0;topicseen  FOR NEX

Level 1 (LV1) coins are the name of the currency that will be distributed via the pre launch fundraiser. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional LV1 coin per week for every 1,000 LV1 coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 LV1 coins, you will receive roughly 50 LV1 coins, or 5% per annum. Doesn't seem like much? Keep reading.

Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?

This cycle is revolutionary in the sense that someone holding LV2 coins will generate coins at a fast rate and cause inflation, yet to get LV2 coins they would need to burn LV1 coins and that would cause deflation. In every case of inflation, there is a stronger deflation to counteract it. This may very well be the first currency, both fiat and crypto, that has a built in mechanism to eliminate inflation on a very large scale. The cherry on top is that this deflation is instant, whereas inflation is dragged out over a long period of time. Let me give you an example:

Assuming a constant demand, a typical Proof of Work or Proof of Stake coin will lose a vast amount of value as the supply of coins on the market increases. A Proof of Burn coin on it's own will forever be attached to a Proof of Work or Proof of Stake coin and by association will also lose value over time, again noting that this assumes a constant demand. Levelcoin on the other hand has evolved to use a combination of the best features of Proof of Stake and Proof of Burn. This has lead to a system that is highly resistant to inflation and may in fact have the opposite effect. Assuming a constant demand, the value of Levelcoin will likely increase as more and more people burn their LV1 coins, causing supply to dwindle.

Nothing like this has been tried before and should the system work as planned, any founder will see an enormous return on investment. There is very little incentive for users to "pump and dump" or to flip in and out. This coin caters more towards loyalists, and considering that there will not be botnets nor ASCI's to deal with, everyone will have an equal opportunity to take part. The system is built around simplicity. Have you noticed how all new self proclaimed "next generation" currencies are getting more and more complex, both in their algorithm and distribution methods? There is no need for that, and Levelcoin aims to prove that. Google had the right idea by creating a simple search engine, and look where that got them!

Those who have faith in the currency and are in it for the long haul will reap enormous benefits from burning their LV1 coins to obtain LV2 coins and then selling the LV1 coins obtained via interest on an exchange that will likely be proprietary. Or they could choose to burn those new coins and compound their interest while at the same time creating scarcity for LV1 coins. The choice is yours. There will always be demand due to the fact that LV2 coins can not be obtained in any way other than by the purchase and burning of LV1 coins.

In summary,  this looks like an excellent idea.   Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins.  

This proof of burn functionality is superior to the 'forging' feature of Nxt.

The best way to think about this is to make the analogy between banks and enterprises.

Actually,  I should rename the LV1 and LV2 coin,    "NEX Invest Coin" and "NEX Enterprise Coin" .

With the NEX Invest Coin you get 5% interest. You never lose your principal.

With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain.

It is actually a quite excellent and simple system.

Here is a rephrase of the original description:

NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum.

NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum.

Note:  The only coin that is tradeable is NIC... so NIC is synonymous with NEX (the NEX currency symbol)

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
 7500 Kuttingcorners
10000 User705
 1000 tk808
 1000 virtualaddict
10000 Revelations86
 2500 psybits
10000 aa417444103  

408,000 total <-- 40% 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.

475,000 NXT PLEDGED

see other thread for more reservations https://bitcointalk.org/index.php?topic=429399

dum de dum....

[EvilDave]

FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down!
(I'll refer to you collectively as "the FCs" for much of this post)

This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation, ie CodeAudit.com, and of it's president/CEO/owner/whatever Mr. Carlos Perez.

I don´t have a hell of a lot of time to deal with this, so I´m going to skip the usual sarcasm and comedy and simply deal with the legal facts as they apply to both CodeAudit.coms corporate activities and the activities of myself (and other) private individuals in connection with our criticisms of  CodeAudit.com.

For those of you who have no idea what is going on:
Read the following threads:

https://bitcointalk.org/index.php?topic=424724.0  (this one)

https://bitcointalk.org/index.php?topic=422052.0

https://bitcointalk.org/index.php?topic=429399.0

the tl:dr version is:
Myself and others criticise the FCs activities in connection with NXT and nex, the FCs suddenly claim to be a corporation in order to be able to file a suit of corporate defamation against us in order to make us shut the fuck up.

Heres the moment the FCs first publicly claimed to be a corporation:

507,000 NXT STOLEN

Quoted for fun.

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.

ROFLMAO.....that has got to be the sneakiest about-turn the FCs have ever tried to pull off.
I cant express how much LOL i'm doing right now.   

I've watched FrictionlessCoin and solracx have an honest to god conversation with each other on this forum, and now it turns out that Carlos The Human was actually talking to Carlos The Corporation.

Quoted to show FrictionlessCoin's insanity

Here are a couple of his threats of legal action:

There, fixed that for ya!

You might think your edit to be amusing.  However you are falsely accusing a company of a crime.   

Jack Needles, given that you are making a serious accusation could you please provide us with your identity?

We are a legitimate business and your persistent wrongful accusations may require us to file damages against you.

and:

507,000 NXT RESERVED STOLEN

see other thread for more reservations

There, fixed that for ya!

LOL'd lots.
Poor old FCs..........

EvilDave,  if you do not want to provide us with your identity,  then please do not post false accusations.

We are a legitimate business and your persistent wrongful accusations may require us to file damages against you.

After these threats of legal action, I decided to talk to some lawyers and do some research, which I think the FCs should have done first....

Point number one: legal action by the FCs against myself and others.

The FCs had a good point, unfair criticism of a corporation can lead to justifiable legal action.
But: the FCs did not declare themselves to be a corporate entity for quite some time, so any criticism of the FCs from before that moment is inadmissible for the FCs in any defamation case.
However, as a defendant and a private individual , I can bring all of this thread (and other relevant threads) into my defence and any further counter-suit that I feel like bringing against the FCs for malicious prosecution.

So the FCs havent got a snowballs chance in Hell of winning a defamation suit, given that the only evidence is this thread and others. He does have a real chance of losing a counter-suit for malicious prosecution, though.

My last 3 points on the FCs defamation suit:
Defamation of a corporation is a civil matter, and therefore non-extraditable, even between different US states. So, unless u are a critic of the FCs and live in Maryland or Delaware, u can simply cross those states off your list of places to visit and stick your fingers up at the FCS.

I live in the Netherlands, so I completely can't be extradited for civil charges.  <sticks finger up at FCS>
And who knew that the US of A was so keen on free speech for the individual ?
And all those rights as a private individual that simply don't apply to corporations.

For example: disclosure of corporate information vs private information.
If someone were to post the FCs private address details, that would be wrong, but as the FCs are now a corporation, all of the details of that corporation can be freely published, because they are a matter of public record.


But that doesnt really matter, because the FCs have created a much bigger problem for themselves:

Now we come to the fun bit, at least for me.
Not so funny for the FCs, I think, or their investors.
Corporations are governed by much stricter legal requirements than private individuals. As a private individual I can start up a crypto-currency and ask freely for investments. No problem at all.....if it goes to shit, there is very little investors can do about it.

If a corporation actively recruits investors, but does not disclose to these investors that they are investing in a corporate project, then the corporation and its officers can be prosecuted for obtaining funds under false pretences. This is actually a proper criminal offence and can get you something in the region of 5-15 years state prison time.

Just to throw some more on top, because the investors where recruited via the internet, the Federal authorities can treat it as a form of wire fraud, which gets u another 5-15 years in a real "fuck u in the ass" federal penitentiary.

In case no-one noticed, the FC's have never stated that nex was a corporate project until last Saturday......ooops!!
And do all of their previous projects now qualify as corporate projects.......?

All it will take is one person with an issue with the FCs to step up to the Federal authorities with a complaint against them and they are in deep shit.
All because they couldn't handle some criticism, and decided to pull a sneaky trick to shut some annoying people up.
Genius move , FCs, gotta admire your brilliance.
(as a note: I'm not gonna press charges against them, unless they get really stupid. Somebody else might, tho')

And here is a sneaky manouver from me:

INTERESTED.  I hereby pledge one NXT to be exchanged for 50 nex.
Hey, I am now a corporate investor in the nex project from Code Audit.com. Yay!

As an investor, I hereby request that CodeAudit.com posts:

Copies of its incorporation papers.
A comprehensive list of it's past, current and future activites.
A comprehensive list of it's officers, executives and employees.
And copies of its filed yearly tax returns, accounts and yearly reports for the last 5 years.

Within 72 hours would be nice, Google Doc links are acceptable.

So, FCs, the ball is in your court, have fun!


TL:DR version:
FCs have no chance in defamation case, open themselves up to Federal fraud charges.
EvilDave demands copies of every piece of paper CodeAudit.com has ever filed.
If the FCs have threatened you with legal action, don't worry unless u live in Maryland or Delaware.

[FrictionlessCoin]

FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down!
(I'll refer to you collectively as "the FCs" for much of this post)

This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation.

TL; DR;

So you are saying that you are in the Neatherlands and remain completely anonymous and therefore a claim cannot be made against you for financial damages?  

Now you are now moving in very dangerous territory here by hinting about accusing the corporation of wire fraud.   Do you want to go there?

Is that what you are saying?  If so,  I will turn on the ignore button again.

Thank you for your interest.

[notsoshifty]

Carlos, I just want to make sure I fully understand the relationship between your bitcointalk accounts before I decide whether or not to invest. That's why I asked these questions:

1. Is it always Carlos Perez writing the posts as FrictionlessCoin, or are there other people with access to that account?

2. In any of the threads that relate to NEX, NIX, NXT, NXT descendants, or NEX descendants, has Carlos Perez or FrictionlessCoin or Solracz ever posted under any other accounts?

3. Do you think you (or Carlos Perez or FrictionlessCoin or Solracz) have (intentionally or not) deceived anyone by posting under two separate accounts? (Especially when these two accounts occasionally reply to each other)

(Maybe some other people would also be interested in the answers? If so, please let us know!).

The second question in particular is going to be very easy for you to answer! You could, for instance, write back and say "I, Carlos Perez, have not posted using any accounts other than FrictionlessCoin and solracz on any of the threads that relate to NEX, NIX, NXT, NXT descendants, or NEX descendants". You can even copy paste what I wrote! (Just make sure it is clear that you mean that, not that you're just quoting me). That would clear things up 100%, amid all these accusations that you have created sock puppet accounts.

The reason I ask is that, before I invest in your IPO(s), I want to fully understand the facts. If one bitcointalk account writes a post on a thread to another bitcointalk account, it's generally assumed that the two accounts are not managed by the same person. For instance, on another thread I found an exchange between the two accounts FrictionlessCoin and solracz that looked to me a little odd. Someone reading this (and not knowing the two accounts are managed by the same person) might not realise exactly where the 250 NMC donation is coming from and going to:

I can donate 250 NMC to this.  Will send the coins when I do get home.   

Best of luck!

Thanks, will let you know of receipt.

Thanks in advance for your reply!

Carlos! You're back! Missed you.

Now you're back, and if you have a spare 2 minutes, could you please take a look at the questions above, and in particular answer this one:

2. In any of the threads that relate to NEX, NIX, NXT, NXT descendants, or NEX descendants, has Carlos Perez or FrictionlessCoin or Solracz ever posted under any other accounts?

I feel that a few days ago you were slightly evasive about the use of the two accounts, and I just wonder whether you are using any other accounts at all, so it would be really good for you to clear this up once and for all! A quick "no I haven't used any other accounts on these threads" or "yes I have also posted using the following accounts: ...." would be enough.

[EvilDave]

FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down!
(I'll refer to you collectively as "the FCs" for much of this post)

This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation.

TL; DR;

So you are saying that you are in the Neatherlands and remain completely anonymous and therefore a claim cannot be made against you for financial damages?  

Now you are now moving in very dangerous territory here by hinting about accusing the corporation of wire fraud.   Do you want to go there?

Is that what you are saying?  If so,  I will turn on the ignore button again.

Thank you for your interest.

FCs:

U need to actually read the entire thread posting. I've pointed out to you that your own behaviour has opened u up to serious charges, and I have also stated that I have no current intention to use this information against u.

U must have noticed by now that I took the precaution of quoting, in full, the front pages of all of your threads before I posted my legal rebuttal. So, if u, for example quickly edit the front pages to include a corporate disclaimer, the original front pages are preserved.
The time stamps will bear out that u edited these pages after my post.

We are dealing with very simple legal concepts here, so I suggest that u request some copies of these threads, with edit/change logs, from the admins of BTT and take them to a real lawyer.

[Dexter44]

Evildave,

It's so funny read your comments. Anyway, too much laugh can be damaging.
Even reading is important.

http://www.coe.int/t/dghl/standardsetting/pc-oc/Country_information1_en_files/NL%20Extradition.pdf

[EvilDave]

Evildave,

It's so funny read your comments. Anyway, too much laugh can be damaging.
Even reading is important.

http://www.coe.int/t/dghl/standardsetting/pc-oc/Country_information1_en_files/NL%20Extradition.pdf

Thanks, dexter, useful information.
Luckily for me, (and others) corporate defamation is a civil offence, so not actually extraditable.

[Flunder707]

Scam?

[FrictionlessCoin]

More details can be found on the website:

Website: http://www.nexcoin.net/