Bitcoin Forum
August 15, 2022, 01:22:54 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Nxt :: Asset Exchange :: How to use the funds?  (Read 1922 times)
mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 05:32:35 PM
Last edit: February 11, 2014, 05:46:54 PM by mcjavar
 #1

Nxt :: Asset Exchange is currently getting tested on the TestNet.

I´ve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used legally.

As you may already know, the Nxt :: Asset Exchange can be used to fund your project, get additional funds for your company to expand, do great things, or whatever you need money for. Now the problem is, that it is not clearly regulated how these type of investments have to be handled in you bookkeeping.

The process is the following:

1, You create an asset using Nxt :: Asset Exchange (it will cost you 1000 Nxt)
2, The shares you´ve created can be bought by people you convince to invest in your idea/company. They might expect some weekly/monthly dividends for their investment.
3, You get Nxt for the shares you´ve sold
4, You can trade the Nxt to BTC and/or to USD/EUR
5, And now comes the hard part. How to use the money legally?

Does anyone already have some experience doing crowdfunding? How is it different to using Asset Exchange.
1660569774
Hero Member
*
Offline Offline

Posts: 1660569774

View Profile Personal Message (Offline)

Ignore
1660569774
Reply with quote  #2

1660569774
Report to moderator
1660569774
Hero Member
*
Offline Offline

Posts: 1660569774

View Profile Personal Message (Offline)

Ignore
1660569774
Reply with quote  #2

1660569774
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1660569774
Hero Member
*
Offline Offline

Posts: 1660569774

View Profile Personal Message (Offline)

Ignore
1660569774
Reply with quote  #2

1660569774
Report to moderator
1660569774
Hero Member
*
Offline Offline

Posts: 1660569774

View Profile Personal Message (Offline)

Ignore
1660569774
Reply with quote  #2

1660569774
Report to moderator
mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 05:33:29 PM
Last edit: February 11, 2014, 05:47:19 PM by mcjavar
 #2

If you are involved in testing the Asset Exchange, this is the right thread for you:

https://bitcointalk.org/index.php?topic=460343
mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 05:53:09 PM
 #3

Could buying gold or silver for BTC and then trade it for cash be a way to go the first step? What do you think?
msin
Legendary
*
Offline Offline

Activity: 1428
Merit: 1004


View Profile
February 11, 2014, 06:06:43 PM
 #4

Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. 

https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510

mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 06:21:33 PM
 #5

Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. 

https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510



That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money.
What would be step 2?
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 2142
Merit: 1009

Newbie


View Profile
February 11, 2014, 06:31:58 PM
 #6

I´ve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used legally.

Should be

"I´ve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used legally."

or

"I´ve created this thread to discuss how the Nxt :: Asset Exchane functionality could be used illegally."
msin
Legendary
*
Offline Offline

Activity: 1428
Merit: 1004


View Profile
February 11, 2014, 06:34:58 PM
 #7

Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. 

https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510



That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money.
What would be step 2?

It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country.  Unless we had a Nxt Belize bank where everyone could access their accounts.  Legality and Crypto exist on very blurred lines.
gobpaul
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250

Invest & Earn: https://cloudthink.io


View Profile
February 11, 2014, 06:36:40 PM
 #8

It will be revolutionary.

mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 06:45:25 PM
 #9

Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. 

https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510



That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money.
What would be step 2?

It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country.  Unless we had a Nxt Belize bank where everyone could access their accounts.  Legality and Crypto exist on very blurred lines.

I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this.
msin
Legendary
*
Offline Offline

Activity: 1428
Merit: 1004


View Profile
February 11, 2014, 06:50:14 PM
 #10

Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. 

https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510



That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money.
What would be step 2?

It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country.  Unless we had a Nxt Belize bank where everyone could access their accounts.  Legality and Crypto exist on very blurred lines.

I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this.


So am I, but if we had someone take care of it so that people could have individual accounts, access, even debit cards, that could be huge.  I'm sure we could offer a large bounty for the solution.  Would solve our Nxt/USD problem.
mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 07:01:32 PM
 #11

Anon136 is going to start a Nxt/Silver Gateway, I think that is the way to go, would also like to see gold. 

https://bitcointalk.org/index.php?topic=455861.msg5058510#msg5058510



That is the first step. As then we have the problem that we will sit on a bunch of "illegal" silver or gold. That is still not legal money.
What would be step 2?

It would be nearly impossible to make the exchange legal in every country but trading for silver/gold would be the best bet as they are a world commodity and easily convertible in each country.  Unless we had a Nxt Belize bank where everyone could access their accounts.  Legality and Crypto exist on very blurred lines.

I am thinking about exactly that. Opening an account in Belize, Panama or the Cayman Islands. But I am unexperienced with stuff like this.


So am I, but if we had someone take care of it so that people could have individual accounts, access, even debit cards, that could be huge.  I'm sure we could offer a large bounty for the solution.  Would solve our Nxt/USD problem.

I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we can´t get to the next level.
mcjavar
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
February 11, 2014, 10:36:12 PM
 #12

I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we can´t get to the next level.

http://www.sfm-offshore.com/belizeoffshorecompany.html
Thank you. I will get in touch with them (or a similar company)
msin
Legendary
*
Offline Offline

Activity: 1428
Merit: 1004


View Profile
February 11, 2014, 11:27:15 PM
 #13

I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we can´t get to the next level.

http://www.sfm-offshore.com/belizeoffshorecompany.html
Thank you. I will get in touch with them (or a similar company)

Let us know what you find out. 
brooklynbtc
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250

AKA jefdiesel


View Profile
February 12, 2014, 02:22:33 PM
 #14

I am afraid, that without a help of a skilled financial lawyer (knowing a lot about offshore stuff) we can´t get to the next level.
http://www.sfm-offshore.com/belizeoffshorecompany.html

Thank you. I will get in touch with them (or a similar company)

No problem!    Wink

Although there is a level of anonymity regardless of who the owner of the International Belize Company (IBC) is... I suggest you establish a Belize Trust first and then have the Trust be the owner of the IBC.  Discuss the differences with people offering said services and they will guide you through it; I am referring to the steps I had posted in another thread.  sfm-offshore might already be doing it this way... but I am not sure.  

i'm down with trips to Belize for "business" 

SN
S   U   P   E   R    N   E   T
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
Uniting cryptocurrencies, Rewarding talent, Sharing benefits..

Blockchain Technology.

theforummaster
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile WWW
January 28, 2020, 12:15:24 PM
 #15

just a quick fyi. That a Belize IBC will have no anonymity these days. Unfortunately, things have changed drastically in the offshore formation market. The OECD forced Belize to change its tax laws so now it's pretty much over. However, I would suggest a Panama IBC
https://www.offshore-protection.com/company-formations-registrations

Panama still has strong secrecy clauses and financial laws that protect people's information. There are a few other offshore jurisdictions that you can choose from here
https://www.offshore-protection.com/company-formations-registrations

Beware though of just going with any offshore jurisdiction these days, laws are changing fast!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!