[ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer

[BadAss.Sx]

https://nxtforum.org/scam-alert!/supernet-asset/

[provenceday]

https://nxtforum.org/scam-alert!/supernet-asset/

Thanks for let us know this.

[jl777]

https://nxtforum.org/scam-alert!/supernet-asset/

it didnt take long for the scammers to try something

The SuperNET asset will only be issued after all the fundraising is done. And I will certainly announce the issuing account and asset id.

Anything else is a scam.

James

[BadAss.Sx]

So it is not you?

[jl777]

So it is not you?

Of course not!
Anybody can issue an asset called SuperNET, just costs 1000 NXT
So you really need to make sure it is from the right issuer

[jl777]

So it is not you?

Remember I outlined the procedure for the asset issuing and certainly no plans to issue one now. How would I know the price, the number of assets?

It is very sad that there are people that even attempt this. Make sure nobody pays for that asset and at least the scammer will lose 1000 NXT

James

[instacalm]

So it is not you?

Remember I outlined the procedure for the asset issuing and certainly no plans to issue one now. How would I know the price, the number of assets?

It is very sad that there are people that even attempt this. Make sure nobody pays for that asset and at least the scammer will lose 1000 NXT

James

but James, your account holds 99.9% of that asset or am I mistaken?

http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=18146608053740744717&switch=200

[BadAss.Sx]

So it is not you?

Remember I outlined the procedure for the asset issuing and certainly no plans to issue one now. How would I know the price, the number of assets?

It is very sad that there are people that even attempt this. Make sure nobody pays for that asset and at least the scammer will lose 1000 NXT

James

but James, your account holds 99.9% of that asset or am I mistaken?

http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=18146608053740744717&switch=200

Yup

[jl777]

So it is not you?

Remember I outlined the procedure for the asset issuing and certainly no plans to issue one now. How would I know the price, the number of assets?

It is very sad that there are people that even attempt this. Make sure nobody pays for that asset and at least the scammer will lose 1000 NXT

James

but James, your account holds 99.9% of that asset or am I mistaken?

http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=18146608053740744717&switch=200

we have a clever scammer!
he issued the asset with acct 10927261654582275930 using text I wrote
then he sent most of them to me and even sold some.
anybody can send anybody any asset

I sent them all to the genesis account (that is the way to burn things in NXT) txid 17154472915257492323

James

[jl777]

So it is not you?

Remember I outlined the procedure for the asset issuing and certainly no plans to issue one now. How would I know the price, the number of assets?

It is very sad that there are people that even attempt this. Make sure nobody pays for that asset and at least the scammer will lose 1000 NXT

James

but James, your account holds 99.9% of that asset or am I mistaken?

http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=18146608053740744717&switch=200

Yup

What is your point?

[instacalm]

@jl777 other than your account which was sent 99.9%, only 137 "supernet" (the remaining) are held by GLEFU which were apparently sent to it as well => no supernet were sold at all other than to one other account of the issuer him/herself(?) yet eventually all of the assets except GLEFU's 137 were sent to you

I don't quite get why but it seems someone issued the asset "for you" and then sent you all of its balance

[BadAss.Sx]

What is your point?

My point is rather simple don't you think? We are talking here about massive btc donations, so a little precaution wouldn't be that bad. I'm in for the supernet idea, but that also means i investigate to check where and to who i'm gonna send my hard earned money. Is that a point or a good way to start when someone try to invest?

[jl777]

@jl777 other than your account which had 99.9%, only 137 "supernet" (the remaining) are held by GLEFU which were apparently sent to it as well => no supernet were sold at all other than to accounts of the issuer him/herself yet eventually all of these were sent to you

he sent it to GLEFU acct too?
some sort of scammer humor

I see some orders, so he issued the asset, sent a bunch to me, some to GLEFU and bought some for himself at the price of 0.777

It does not seem designed to be scamming money. I wonder what the point is? That I am GLEFU the overlord himself?

James

[jl777]

What is your point?

My point is rather simple don't you think? We are talking here about massive btc donations, so a little precaution wouldn't be that bad. I'm in for the supernet idea, but that also means i investigate to check where and to who i'm gonna send my hard earned money. Is that a point or a good way to start when someone try to invest?

You do understand that some random scammer did all this asset issuing, sending trading by himself?
I cannot stop him from doing it. Or anybody else.

How does this reflect on me at all?

James

[BadAss.Sx]

What is your point?

My point is rather simple don't you think? We are talking here about massive btc donations, so a little precaution wouldn't be that bad. I'm in for the supernet idea, but that also means i investigate to check where and to who i'm gonna send my hard earned money. Is that a point or a good way to start when someone try to invest?

You do understand that some random scammer did all this asset issuing, sending trading by himself?
I cannot stop him from doing it. Or anybody else.

How does this reflect on me at all?

James

Just throwing a ball to play with man...don't shoot the messenger, i mean ballboy.

I don't know shit about NXT and how it works...so i could easily believe you if you give me more details about that asset thingy. But you sound irritated right now and according to investigation methods it could be a possible lead to something. So if it wasn't you....relax, calm down and give us a good story about that whole asset thing.

[jl777]

What is your point?

My point is rather simple don't you think? We are talking here about massive btc donations, so a little precaution wouldn't be that bad. I'm in for the supernet idea, but that also means i investigate to check where and to who i'm gonna send my hard earned money. Is that a point or a good way to start when someone try to invest?

You do understand that some random scammer did all this asset issuing, sending trading by himself?
I cannot stop him from doing it. Or anybody else.

How does this reflect on me at all?

James

Just throwing a ball to play with man...don't shoot the messenger, i mean ballboy.

I don't know shit about NXT and how it works...so i could easily believe you if you give me more details about that asset thingy. But you sound irritated right now and according to investigation methods it could be a possible lead to something. So if it wasn't you....relax, calm down and give us a good story about that whole asset thing.

In NXT it takes a few minutes to create a new asset. You put in a description and some few details about how many assets, pay the 1000 NXT and the next block you have it in your account. Assets are what a lot of times are called colored coins.

Each asset gets a unique number (turns out its the txid of the asset issuing tx) and the issuing account.
There was much debate over whether to allow unique names or not and it really is an issue with both methods, but at least with the way things work, there is no asset name squatting. Anybody can issue an asset called SuperNET, but unless it is done by me, then of course it is just a fake

Once you have an asset, you can sell it or transfer it. The destination account cannot block it, we call this asset spam. Like email spam, what to do? There is one special account called the genesis acct, it is where all the original NXT came from and like in double entry accounting there is a matched negative amount. So when the 1 billion NXT got created it came from the special genesis account and that's why it has some giant negative balance. The genesis acct cant ever do any tx since it has a negative balance, so once you send something there, it gets stuck

Hope that explains it clearly enough. It is very important to verify the issuer acct. With the envisioned IPO process though, it would just appear in the trading acct and when you withdraw it will of course be the right one.

James

[hongzi008]

It's too long to read but im interested 

[sparta_cuss]

It's too long to read but im interested 

The cryptocurrency communities LOVE investors like you!!! 
Stick around. I want to introduce you to some people.

[devphp]

The first, is always the winner. That's a basic principle.

lol.

Damn, my younger brother will be sad when I tell him!

lol if you mean what I think you mean

[EtherCoin]

Hi James,

First of all, let me tell you that your concepts are really good, and that I do not doubt of your capabilities as a coder and dev. You've earned respect in the community and your word carries weight, God knows that is important nowadays specially looking at how things run in crypto.

Nonetheless, I would like you to consider the following factors.

1. Having developed and improved other coins before and as I mentioned above you have a good reputation in crypto, but anyway your identity is still anonymous. Your plan is big and could certainly create a revolution in the digital currencies growing scene, perhaps thousands of BTC are needed to kickstart this project as you well stated before.

How do you feel about the fact of such an amount of BTCs going to be controlled by an anonymous dev?

I do understand and respect that for safety reasons you choose not to reveal your identity (and I love the AI bit), but have you thought about doing a Proof of Developer? (If you haven't done it yet) I know that Poloniex ICO requires some kind of ID check, but not sure how strict the internal procedure/validation can be, anyone can photoshop a passport easily which, if not checked, will do the trick.

Take as example a similar (in scope and expectations) project such as Ethereum, most if not all of the people involved are publicly known, in my opinion that fact gives a wide advantage margin to the success rate of the ICO stage.

As a potential investor, I would like to know your thoughts about this matter.


2. Also would like to point the fact of you being the epicenter of the decisions and control of the funds of this project, specially reading your posts and noticing the techno-anarchist character you display, now please do not misunderstand, is a feeling I also share, but with all that emphasis in decentralizing everything, why concentrating all the power of decision in yourself?

It is not just about what would happen if you take the wrong decision or not, but also might, God forbid, be the case of you physically not being able to do so, for whatever random reason.

Have you thought about this? I am sure you have, if so, do you mind to share your opinion?


3. I do observe that, for the kind of project that you are attempting with superNET, there is certain lack of structured planning in terms of: "oh yeah I just think I will need 1% for expenses" kind of comments. Please remember the size of this project and the amount of funds needed, for most serious investors, a clear planning and clear, transparent, scheduled procedure must be shown.

Looking at what you say your curriculum is, I wouldn't be surprised that you're familiar with SOPs, business plans, development planning, and most important, strategic management.

It would certainly be easier for people to invest in this project if clear information is released in an schematic form, instead of releasing bit by bit in scattered posts.


Despite the initial look of a critical post, I do hope that you can see the real meaning of someone that is truly interested in putting a nice amount of BTCs in your project, and sees some flaws (or let's say, open-to-improvement factors) that could be eliminated, perfecting the idea with the proper execution.

Again, let me emphasize that the meaning of this post is trying to improve the execution of this project by pointing at certain, in my opinion, weak points, and far from just cheap talking I would happily contribute solving some of these as far as it is in the range of my capabilities, by PM or publicly, starting IMO with this constructive critic.

Thanks for reading, I look forward to hear about your opinion.

Eth.