I would just like to repost a quote from the main thread before business news comes out. My stance will not align with the latest in thing.
- Selling, marketing, 'acting as' or representing these tokens/coins as equity to non-sophisticated investors/while unregistered or redeemable for equity is illegal - I am not immune because 'cryptocurrency' is not regulated. Shares/equity/marketing and sales of anything as equity is regulated.
- That does not mean that in the future crypto and equity has the potential to become linked, but that is theoretical and not the case at the moment.
- Nobility will not involve charging money for access to 'insider information', nor do I actively trade NOXT, fake vol. or otherwise period.
- When I start buying the buys and addresses will be public.
I have always worked slowly and carefully because of my position, business and open identity. All of which have been public for
16 months now. PoD and crypto-businesses are not revolutionary.
I am concerned with what I have to 'compete with' as always, but I will not tread dangerously to try and keep up with the same people/exchanges/'teams' that have sold you 50 different scam coins in the space of my NOBL>burn>NOXT (these 2 being my only two I will still be around for many years). Just because the price/vol. is low and/or I am not pumping NOXT on Twitter with the rest does not make this project a scam. Fortunately this year I don't have miners or ideals getting in the way of pure business/work. How you decide to positively promote the services or NOXT on the other hand is entirely up to you.
My eyes are on a future cleaner space where I don't have to compete with these types in this environment any longer. I will not sacrifice that vision of the
future to try and compete
now. That is why brand, reputation (despite the mud it's been dragged through this year), experience and information services are paramount to me.
All it's going to take is one crackdown or law and you will see everyone scurry off or rebrand themselves. Unfortunately we all have a digital history in crypto. Some might consider themselves lucky they didn't get slapped down and/or thrown in jail, although some might (or might not). Linking real IDs to Twitter and projects during an extremely key year or two of transitioning is quite risky depending on what is being done/said. I am not taking that risk no matter how small the $$ involved. Only a few will remain in their current state when the big boys step in.
For those who think I'm anti-anonymity or pro-government or anti-cryptocurrency of course I am not. I make the distinction with what NOXT is and what it represents. I completely understand, respect and believe that coins like XMR, SDC, and DRK are not only important but an absolute necessary (personal opinions aside). I just don't have the character/history/skills/desire to follow that path rather than corporate/integrated public use of the technology.
Every time I get passionate over NOBL/NOXT I feel like this guy:
https://www.youtube.com/watch?v=1KvZI8BsSxw. Maybe I am a little angry and mad at this scene and how things have turned out. Doesn't mean we're anywhere near the end.
I am in the process still of writing updates, checking the Gift spam/logs and hearing back from some people. I just needed to get that off my chest tonight.
During the time spent researching and preparing these proposals to move forward into 2015, as well as through a surprisingly extensive professional network outside of bitcointalk I very quickly came to know of the impending SEC crackdown on downright fraudulent misrepresentations regarding securities, equity, dividends and investment. My Twitter began warning about the growing problem before news started surfacing but unfortunately I am considered quite the 'negative Nancy' until things came to a head. I am approaching this project very slowly to make sure members understand what it represents and what it does not. I am also being careful to make sure that nothing I am presenting still 'quacks like a duck (security)' even though it isn't called a 'duck' (security). There are grey areas still for me and some risks which while I am uneasy about seem acceptable, however I will be very proactive here as the scene matures rather than hide in loopholes. In short, I am crowd funding the idea and rewarding supporters with 'tokens' (colored coins) that give them exclusive access to the infrastructure & services and many perks/rewards for helping me realise this. These are not securities, do not currently represent a stake in a company, nor do they guarantee profit-sharing or a return. I want to provide legal value to the coins, I want to build the systems around them and promote the technology, and I want to license and regulate myself to grow this project to full potential for everyone involved for many years - I do not want to end up in trouble with the law. So there are things I can and am happy to promise, and there are things I will not guarantee. The legalities section of the whitepaper heavily expands on this paragraph with a lot of referenced material, but please ask away.
