suchmoon (OP)
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https://bpip.org
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May 16, 2015, 04:55:04 AM |
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Completely agree. If the funds are handled inappropriately or not above board it would be unacceptable and fraudulent. They incorporated this through Hong Kong so i don't believe its subject to US security laws.
 https://xpy.io/terms.pdf6.8 Governing Law. This Agreement shall be governed by the laws of the
State of Texas, without regard to its conflicts of law principles. Nowhere on the site or in the T&Cs can I find anything about HK. |
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Matlock
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May 16, 2015, 04:56:39 AM |
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Yeah the purpose of this is for people to be able to invest in XPY while completely sharing in the upside verses limiting the downside to a maximum of 10 percent loss. In this account you would need XPY to gain 5 percent to makeup the paid fee. a good explanation for some people can be found here. http://www.investopedia.com/terms/h/hedge.aspThese are really limited due to the fact its basically shorting XPY for the purpose of us trying to create a protection of sorts for new or current investors. It was started as a pilot to see if this would be something someone is interested in. So far most people are just confused. So maybe the financial move is probably a little to confusing. Ultimately the Goal of this program is to try to create hopefully winning situations for investors into crypto... or at minimum create limited downside propositions. Ok, I think I get the idea but if I wanted to gamble on XPY value I would likely do better just by buying it on Cryptsy or 'trex. Or perhaps it's just worded backwards. There should be a way to phrase it to make sense because now it sounds like a horrible deal either way. If you buy them off cryptsy.. and the price tanks... then you loose far more then 10 percent. Thats the point of the hedge. But i agree that im sure we could word it better. Are you aware that this would technically class a security by holding other peoples Coins? Funds held within the system would need to also be backed and can be liable for their loss, any misappropriation of funds held within xpy.io could be subject to securities fraud. Completely agree. If the funds are handled inappropriately or not above board it would be unacceptable and fraudulent. They incorporated this through Hong Kong so i don't believe its subject to US security laws. Wouldn't it just be easier not to hold customer funds? So that's a good question... what do you think if we made the same offer.. except you where able to take the XPY bought... and over the same amout of time at the end of it, the purchaser could bring the same amount of bought coin back and exchange it back for the principle of btc? This is another model we are considering. Perhaps still the same issue tho. |
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mgibson38
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Activity: 99
Merit: 10
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May 16, 2015, 04:56:57 AM |
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Yeah the purpose of this is for people to be able to invest in XPY while completely sharing in the upside verses limiting the downside to a maximum of 10 percent loss. In this account you would need XPY to gain 5 percent to makeup the paid fee. a good explanation for some people can be found here. http://www.investopedia.com/terms/h/hedge.aspThese are really limited due to the fact its basically shorting XPY for the purpose of us trying to create a protection of sorts for new or current investors. It was started as a pilot to see if this would be something someone is interested in. So far most people are just confused. So maybe the financial move is probably a little to confusing. Ultimately the Goal of this program is to try to create hopefully winning situations for investors into crypto... or at minimum create limited downside propositions. Ok, I think I get the idea but if I wanted to gamble on XPY value I would likely do better just by buying it on Cryptsy or 'trex. Or perhaps it's just worded backwards. There should be a way to phrase it to make sense because now it sounds like a horrible deal either way. If you buy them off cryptsy.. and the price tanks... then you loose far more then 10 percent. Thats the point of the hedge. But i agree that im sure we could word it better. Are you aware that this would technically class a security by holding other peoples Coins? Funds held within the system would need to also be backed and can be liable for their loss, any misappropriation of funds held within xpy.io could be subject to securities fraud. Completely agree. If the funds are handled inappropriately or not above board it would be unacceptable and fraudulent. They incorporated this through Hong Kong so i don't believe its subject to US security laws. of course they routed it through Hong Kong.. Why wouldnt team xpy (or whoever the fuck) comply with said regulations if they are all about "transparency" and want to earn back trust? "Wording" it better isn't all you need to do. |
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Matlock
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May 16, 2015, 04:58:49 AM |
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Completely agree. If the funds are handled inappropriately or not above board it would be unacceptable and fraudulent. They incorporated this through Hong Kong so i don't believe its subject to US security laws.
https://xpy.io/terms.pdf6.8 Governing Law. This Agreement shall be governed by the laws of the
State of Texas, without regard to its conflicts of law principles. Nowhere on the site or in the T&Cs can I find anything about HK. Well once again BCTalk proving helpful! who would have thought Suchmoon helping XPY? ill point this out to them asap. |
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suchmoon (OP)
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Activity: 3654
Merit: 8914
https://bpip.org
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May 16, 2015, 05:07:02 AM |
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Completely agree. If the funds are handled inappropriately or not above board it would be unacceptable and fraudulent. They incorporated this through Hong Kong so i don't believe its subject to US security laws.
https://xpy.io/terms.pdf6.8 Governing Law. This Agreement shall be governed by the laws of the
State of Texas, without regard to its conflicts of law principles. Nowhere on the site or in the T&Cs can I find anything about HK. Well once again BCTalk proving helpful! who would have thought Suchmoon helping XPY? ill point this out to them asap. I'm offended now. When have I not been helpful? Seriously though, you better tell them not only to fudge the T&Cs but also have an HK business registration number ready first thing tomorrow when the rest of the thread wakes up. Ask Phil how his "HK based" Mineral was picked apart here a few weeks ago. |
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Matlock
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May 16, 2015, 05:10:45 AM |
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Completely agree. If the funds are handled inappropriately or not above board it would be unacceptable and fraudulent. They incorporated this through Hong Kong so i don't believe its subject to US security laws.
https://xpy.io/terms.pdf6.8 Governing Law. This Agreement shall be governed by the laws of the
State of Texas, without regard to its conflicts of law principles. Nowhere on the site or in the T&Cs can I find anything about HK. Well once again BCTalk proving helpful! who would have thought Suchmoon helping XPY? ill point this out to them asap. I'm offended now. When have I not been helpful? Seriously though, you better tell them not only to fudge the T&Cs but also have an HK business registration number ready first thing tomorrow when the rest of the thread wakes up. Ask Phil how his "HK based" Mineral was picked apart here a few weeks ago. Its BCTalk... everything gets picked apart. And if its related to XPY it is practically in a no win situation. More over i don't see any Incorporation number right now being supplied in any form. So why is it not being picked apart right now? |
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suchmoon (OP)
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Activity: 3654
Merit: 8914
https://bpip.org
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May 16, 2015, 05:22:54 AM |
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Its BCTalk... everything gets picked apart. And if its related to XPY it is practically in a no win situation. More over i don't see any Incorporation number right now being supplied in any form. So why is it not being picked apart right now?
It's the first time I'm hearing about HK and I don't think anybody here has been aware of that particular red flag yet. I've been mostly interested in the financial side of it so I blame everyone else for not digging up the corporate entity information (or lack thereof). |
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Matlock
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May 16, 2015, 05:26:21 AM |
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Its BCTalk... everything gets picked apart. And if its related to XPY it is practically in a no win situation. More over i don't see any Incorporation number right now being supplied in any form. So why is it not being picked apart right now?
It's the first time I'm hearing about HK and I don't think anybody here has been aware of that particular red flag yet. I've been mostly interested in the financial side of it so I blame everyone else for not digging up the corporate entity information (or lack thereof). Placing blame on others... weak sauce..  anyhow... im off guys! enjoy the weekend bctalk. |
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Matlock
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May 16, 2015, 05:30:35 AM |
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nemesio
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May 16, 2015, 05:31:50 AM |
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OH and while im at it... I am an American Citizen.
Jonah is conniving with Josh  |
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miaviator
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Activity: 686
Merit: 519
It's for the children!
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May 16, 2015, 05:33:22 AM |
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OH and while im at it... I am an American Citizen.
Jonah is conniving with Josh "I am still an american citizen" |
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mgibson38
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Activity: 99
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May 16, 2015, 05:35:44 AM |
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OH and while im at it... I am an American Citizen.
Jonah is conniving with Josh they look like Siamese twins beating each other off, haha |
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Unacceptable
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Activity: 2212
Merit: 1001
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May 16, 2015, 05:37:53 AM |
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You would have to watch the video from last night. The two of you were brought up a few times, and the teams went on a rant against the two of you.
Now I'm pissed off...I didn't make "the list"  Rock on Paul & Bitpop Your names will live in infamy  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan |
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Matlock
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May 16, 2015, 05:41:05 AM |
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This is just wrong.. Things cannot be unseen |
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miaviator
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Merit: 519
It's for the children!
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May 16, 2015, 05:42:12 AM |
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You would have to watch the video from last night. The two of you were brought up a few times, and the teams went on a rant against the two of you.
Now I'm pissed off...I didn't make "the list" Rock on Paul & Bitpop Your names will live in infamy You should get noticed more? No one knows who you are?  |
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Unacceptable
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Merit: 1001
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May 16, 2015, 05:51:07 AM |
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You would have to watch the video from last night. The two of you were brought up a few times, and the teams went on a rant against the two of you.
Now I'm pissed off...I didn't make "the list" Rock on Paul & Bitpop Your names will live in infamy You should get noticed more? No one knows who you are? See !!!!! They know OF me...but don't FEAR me!!!!! I AM UNACCEPTABLE!!!!!!!!!!!!!  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan |
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bitpop
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Merit: 1060
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May 16, 2015, 06:04:48 AM |
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I am an American citizen
Bit Pop
2757 Roosevelt Road
Moundridge, KS 67107
620-345-0753
Libra
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nemesio
Member
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Activity: 253
Merit: 10
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May 16, 2015, 06:07:13 AM |
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I am an American citizen
Bit Pop
2757 Roosevelt Road
Moundridge, KS 67107
620-345-0753
Libra
Leave it to BitCoinTalk to be Anonymous. atleast Jonah posts REAL shit. |
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miaviator
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Activity: 686
Merit: 519
It's for the children!
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May 16, 2015, 06:08:34 AM |
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I am an American citizen
Bit Pop
2757 Roosevelt Road
Moundridge, KS 67107
620-345-0753
Libra
Leave it to BitCoinTalk to be Anonymous. atleast Jonah posts REAL shit. No one knows that guys skype, email, gtalk or phone number........... |
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nemesio
Member
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Activity: 253
Merit: 10
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May 16, 2015, 06:10:50 AM |
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I am an American citizen
Bit Pop
2757 Roosevelt Road
Moundridge, KS 67107
620-345-0753
Libra
Leave it to BitCoinTalk to be Anonymous. atleast Jonah posts REAL shit. No one knows that guys skype, email, gtalk or phone number........... You can also find the guy at https://plus.google.com/hangouts/_/xpydev.org/xpyBut you don't get imaginary BitcoinTalk 'cool kid' rep for it. |
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