Nxt Forum

Nxt Discussion => Nxt Asset Exchange => Topic started by: satoshi on December 07, 2014, 05:38:33 am

Title: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on December 07, 2014, 05:38:33 am
After week one, 50,000 ltc2nXt3 total assets in criculation, 1st dividend of 2.82 NXT per ltc2nXt3 asset paid on December 15th.
After week two, 50,000 ltc2nXt3 total assets in criculation, 2nd dividend of 2.00 NXT per ltc2nXt3 asset paid on December 29th.

===================OP===================
ltc2nXt3 :: Your NXT is protected

Asset ID: 7658325674657936242 (https://trade.secureae.com/#7658325674657936242)

Website: http://ltc2nxt3.ihash.biz

Description:
After the successful launch of ltc2nXt and ltc2nXt2. I am pleased to announce ltc2nXt3 with special focus on fast 100% ROI and guaranteed protection of your initial NXT investment into ltc2nXt3 assets purchased from the issuer account.

I believe in ltcgear operations are legit and I am 99.9999% sure they will keep on paying nice dividends during 2015.

But in .00001% scenario where ltcgear disappears and stop paying its dividends, I will payback the ltc2nXt3 investors from my own pocket to protect their initial investment.

For example in 4 weeks time, lets say ltc2nXt3 investors have received dividends of about 10 NXT and ltcgear disappears then ltc2nXt3 asset holders will be entitled to 15 NXT payment , as per my guarantee.

With this offering I will be putting my personal NXT as collateral NXT-5FJE-ZUVA-4YQM-B538L (http://www.nxtreporting.com/?a=NXT-5FJE-ZUVA-4YQM-B538L&c=USD)

The current value of this account is around 250,000 NXT. I will be building up this account with at least 50% non mining related assets. My short term goal is to acquire 1000 SUPERNET assets and 1000 NXTVENTURE assets.

ltc2nXt3 is focused on small investors or people who are unfamiliar with ltcgear.com. If you are a large investor already familiar with ltcgear, I encourage you to buy directly from the source.

100% ROI FOCUS

ltc2nXt3 is designed with 100% ROI as the number 1 priority. With current payouts around 10%, I am expecting to achieve this in 10 weeks but even if LTC network difficulty increases like crazy, I feel pretty confident that 100% ROI will be achieved in 16 weeks max (I am not counting the expected three time shares multiplication from ltcgear which will increase per asset hashing power to around 200KHS)

After 100% ROI is achieved, my guarantee for your initial investment protection will cease to exist. Future profits and future trading risks will exist like any other traded asset on NXT AE.

FEES

During the 100% ROI time, asset issuer will receive 0% fees and all of shares gained from multiplications of ltcgear.com will be distributed to ltc2nXt3 shareholders.

After 100% ROI is achieved, each week 10% ltcgear dividends will be retained by the asset issuer as management fees, remaining 90% will be distributed among the ltc2nXt3 asset holders.

After 100% ROI is achieved, for each multiplication of ltcgear shares 20% will be retained by asset issuer, remaining 80% will be distributed among the ltc2nxt3 asset holders.

At the time of launch each ltc2nXt3 will initially represent 1 qasic on ltcgear.

For details please check the http://ltc2nxt3.ihash.biz website

Dividends will be delivered 24 hours after we receive the payouts from ltcgear.com

You must accumulate more than 25 NXT weekly dividend to avoid NXT distribution fees.

These are not interchangeable with ltcgear qasics, ltc2nXt3 will solely exist on NXT AE, if you would like to cash out, you would need to sell it on NXT AE. There will never be reinvestment of weekly profits.

How many shares to be sold?
50000 assets released in tranches of 5000

What price will they be sold at?
25 NXT all ltc2nXt3 assets will be sold at 25 NXT each from the asset issuer account.
5000 ltc2nXt3 tokens will be added each saturday. If the current batch is sold out, just place a bid order at 25NXT

Dividend cut-off time
There is no dividend cut-off time, only the asset holders at the time of distribution are eligible for ltc2nXt dividends.

NXT account used to issue assets
NXT-GN9F-SCC4-YBVE-693XN

Asset ID
7658325674657936242 (https://trade.secureae.com/#7658325674657936242)

Ticker symbol
ltc2nXt3
Title: Re: ltc2nXt3 RISES
Post by: printshop on December 07, 2014, 07:42:43 am
With this offering I will be putting my personal NXT as collateral NXT-5FJE-ZUVA-4YQM-B538L (http://www.nxtreporting.com/?a=NXT-5FJE-ZUVA-4YQM-B538L&c=USD)
After 100% ROI is achieved, my guarantee for your initial investment protection will cease to exist. Future profits and future trading risks will exist like any other traded asset on NXT AE.
During the 100% ROI time, asset issuer will receive 0% fees and all of shares gained from multiplications of ltcgear.com will be distributed to ltc2nXt3 shareholders.
After 100% ROI is achieved, each week 10% ltcgear dividends will be retained by the asset issuer as management fees, remaining 90% will be distributed among the ltc2nXt3 asset holders.
After 100% ROI is achieved, for each multiplication of ltcgear shares 20% will be retained by asset issuer, remaining 80% will be distributed among the ltc2nxt3 asset holders.
At the time of launch each ltc2nXt3 will initially represent 1 qasic on ltcgear.

I'm happy to see some positive changes in the communuity. What Satoshi has done here -- guaranteeing investor's money -- is a brave and noble thing to do. I applaud these efforts!
Title: Re: ltc2nXt3 RISES
Post by: cexylikepie on December 07, 2014, 07:45:46 am
Holy hell 50,000 is a lot of assets...
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 07, 2014, 08:02:32 am
Just what I have done since early July when I stumbled upon NXT.

Proceed slowly and steadily one week at a time. Achieve your goals.

Rinse and repeat.

ltc2nXt3 will keep me busy during the holiday season.  ;D
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 07, 2014, 08:26:46 am
This will be my first mining asset.

So I'm going to invest.
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 07, 2014, 10:45:23 am
second tranche of 5000 ltc2nXt3 now listed on NXT AE.


Thanks all and happy holidays
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 07, 2014, 10:58:45 am
10000 qasics on ltcgear account.
(http://i.imgur.com/dHhKt08.png)
Title: Re: ltc2nXt3 RISES
Post by: cr7yp on December 07, 2014, 07:33:18 pm
Just set a buy order  :)
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 07, 2014, 08:29:23 pm
I didn't receive any dividends/pay outs today.


This was a joke :p On a serious note. This is my first ltc2nxt asset. So when do you send the pay outs usually?
Title: Re: ltc2nXt3 RISES
Post by: RAlex on December 08, 2014, 01:38:00 am
.
.
.
.
.
At the time of launch each ltc2nXt3 will initially represent 1 qasic on ltcgear.
.
.
.
.

What price will they be sold at?
25 NXT all ltc2nXt3 assets will be sold at 25 NXT each from the asset issuer account.
.
.
.
.



From LTCgear site: 3K pack = $899.

3000qASICs=$899(/$368)=2.443BTC(/0.0000515)=47437NXT        =>      47437/3000=15.8 NXT/qASIC

?

Thanks
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 01:41:34 am
Saturday 08:00 UTC/GMT is a good benchmark.

Once the payout numbers are announced on ltcgear website, I will make a post about our weekly earnings and once the BTC is received it will be converted into NXT and distributed to ltc2nXt3 asset holders.

I didn't receive any dividends/pay outs today.


This was a joke :p On a serious note. This is my first ltc2nxt asset. So when do you send the pay outs usually?
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 01:55:30 am
from OP
ltc2nXt3 is focused on small investors or people who are unfamiliar with ltcgear.com. If you are a large investor already familiar with ltcgear, I encourage you to buy directly from the source.

With ltc2nXt3 I am offering insurance for protection of your initial NXT investment. Even ltcgear is not offering that. :)


From LTCgear site: 3K pack = $899.

3000qASICs=$899(/$368)=2.443BTC(/0.0000515)=47437NXT        =>      47437/3000=15.8 NXT/qASIC

?

Thanks
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 01:57:17 am
20000 qasics on ltc2nXt3 account on ltcgear
(http://i.imgur.com/DVcl6J6.png)
Title: Re: ltc2nXt3 RISES
Post by: peterpanda on December 08, 2014, 10:43:29 am
i like the "insurance" idea. i will buy some
Title: Re: ltc2nXt3 RISES
Post by: th4o on December 08, 2014, 10:52:08 am
Are you going to add more shares this week? They´re sold out again :o
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 11:58:52 am
Thank you all for great love  ;D

I have added another 5000 ltc2nXt3 which brings us to half way mark.

When I listed ltc2nXt3 I had slow and steady approach in mind. But with the overwhelming response and folks in great festive shopping mode, I am going to go with full press mode. I will have announcement about a surprise bonus in a short while.
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 08, 2014, 12:10:41 pm
(http://www.quickmeme.com/img/cc/ccf493ed82dfc4bddaec562d97d9fccf146090a42b90a3d36fb900d5820c0e1b.jpg)
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 01:07:37 pm
HAPPY HOLIDAYS EVERYONE
(http://i.imgur.com/JgBePua.jpg)

When ltc2nXt3 was started I had an idea about selling these tokens solwly and steadily over the next ten weeks.

But this was a looooooong 36 hours ago. You guys have shaken me up, it is like I drank 6 red bulls.   

Already 40% of these tokens have been sold out.

I had accumulated about 30K of the qasics from ltcgear over the last couple of months. I am accumulating on my way of 50k. All of a sudden the big packages from ltcgear are not available for sale, I believe this is one of the reasons for fast sales on NXT AE.

As the issuer of ltc2nXt3 it is in my interest to reach the 100% ROI asap to fulfil my insurance obligation.

Remembering that next ltcgear multiplication is happening around December 24th.

As the litecoin difficulty hasn't started to raise exponentially and imminent share multiplication I believe we can achieve 100% ROI faster than 10 weeks.

I have decided to grab this opportunity and accept the challenge. My goal is to complete the sales of ltc2nXt3 tokens before ltcgear multiplication.

I will be buying aggressively personally and for my funds. But I want everyone to join me in this happy journey.

Instead of working on a weekly approach, I will be releasing the new ltc2nXt3 batches whenever they are sold out, even on Friday. If they are any unsold ltc2nXt3 in the issuer account, the whole qasics weekly dividend will be divided among ltc2nXt3 asset holders.

With the current difficulty level 5000 qasics yield .65BTC every week.

I will make sure that for the dividends on December 13 and December 21 include at least 0.65 BTC extra (bonus for early investors, faster 100%ROI for moi). ;D

Special note to my beloved asset holders: The main reason you are buying this asset is that with the insurance factor, you are buying a high yield (kindda risky for some investors) backend asset qasics. After 100% ROI, lets say NXT goes to 10,000 satoshis and your weekly earnings go down, your overall NXT investment value goes up. if NXT stays same you will enjoy very nice weekly dividends. Before 100% ROI you are expected to get at least two ltcgear multiplications, the KHS value will go up and you will be tempted to trade but please do not rely on generating profits with trading ltc2nXt3.

GoNXT
Title: Re: ltc2nXt3 RISES
Post by: Mises_77 on December 08, 2014, 02:02:17 pm

Best Wishes to everyone and much success! Invested.

Mises
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 02:43:06 pm
And down the stretch they come.
Final 18000 ltc2nXt3 in existance  ;D
(http://i.imgur.com/qGtI8NO.png)
Title: Re: ltc2nXt3 RISES
Post by: Djinou94 on December 08, 2014, 03:39:34 pm
is it launch? i can't see asset at 25nxt available
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 08, 2014, 03:41:30 pm
is it launch? i can't see asset at 25nxt available
You can always set up a buy order at 25.

It has launched. He is releasing the assets in portions. So don't be late and set your buy order.
Title: Re: ltc2nXt3 RISES
Post by: Djinou94 on December 08, 2014, 04:01:04 pm
is it launch? i can't see asset at 25nxt available
You can always set up a buy order at 25.

It has launched. He is releasing the assets in portions. So don't be late and set your buy order.

Thank you sir
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 08, 2014, 04:58:02 pm
Thank you, Mucho Gracias, Danke, Arigato

This is my fifth asset listed on NXT AE. My first to break the one million NXT mark and that too in just 48 hours. That is an amazing feeling.

The stars just lined up for me for this one.

Looks like it is going to sell out in first week.

All investors will achieve 100% ROI date, every single investor will get the two early bird bonuses. I just couldn't have hope for any better outcome.

Only 10,000 ltc2nXt3 left in the issuer account.
Title: Re: ltc2nXt3 RISES
Post by: Cryptographer on December 08, 2014, 08:04:08 pm
Another one? This is just getting stupid. You people realize that at current qASIC prices satoshi is making well over 50% profit selling this asset right? He also bought about 20% of his own shares to sell back to you at higher prices...
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 09, 2014, 02:49:24 am
cryptographer, please do not post in any of my threads.
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 09, 2014, 02:57:12 am
last 5000 ltc2nXt3 assets released
I purchased 10% of ltc2nXt3 for my personal account because I know the issuer and I want to make money from ltc2nXt3, I will not sell a single share before 100%ROI.
Investors will own 90% of ltc2nXt3, if price increases I want my investors to make money by trading if they choose to do so.
(http://i.imgur.com/J0EGfz9.png)
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 09, 2014, 11:15:18 am
Thank you all for making ltc2nXt3 an astounding success.
(http://i.imgur.com/jmxxRuO.png)

There are no more ltc2nXt3 left in issuer account.
Reminder, my money back insurance applies for investors purchasing from issuer account at 25NXT. There is possibility of price increase as only the market discovery process will set the market price for ltc2nXt3 assets moving forward.

To backup my insurance guarantee, I am pledging my personal NXT account NXT-5FJE-ZUVA-4YQM-B538L
(http://i.imgur.com/k8KWNjW.png)
 It is already worth 600,000 NXT. I own another 500 SUPERNET assets which I am using as a collateral for BTC loan which should be paid back in 4 weeks.

If everything goes according to plan, ltcgear.com keeps paying super dividends, my investors will be able to get 100% ROI in 8 to 10 weeks, and my personal account will be over 1 million NXT.

After every ltc2nXt3 investor makes 100% ROI, my insurance will cease to exist.

WIN-WIN-WIN

GoNXT
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 09, 2014, 11:28:22 am
Is it also a win situation for NXT itself?

Will you create an upwards buy pressure with the earnings?
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 09, 2014, 11:43:54 am
yes definitely, it will be a weekly boost factor for NXT itself.
Currently projected earnings for 50000 qasics is about 6.67 BTC + (.65 BTC extra bonus for next two weeks.)
So I am obligated to buy about 7BTC worth of NXT this week for ltc2nXt3 alone.

As the mega packs from ltcgear seems to have disappeared. There will be less NXT involved in purchasing ltcgear but every week ltcgear payments will be converted to NXT to create more buying pressure.

According to my rough estimates at least 1 million NXT is being distributed by ltcgear relates assets every week.

ltcgear and NXT AE are a match made in heaven.

As far as buying pressure goes, I prefer the free market model, let market discovery create true market value for each asset. There are many examples of artificial buying pressure fizzling out after a few weeks leaving a bad taste in the mouth of investors.






Is it also a win situation for NXT itself?

Will you create an upwards buy pressure with the earnings?
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 09, 2014, 11:46:47 am
yes definitely, it will be a weekly boost factor for NXT itself.
Currently projected earnings for 50000 qasics is about 6.67 BTC + (.65 BTC extra bonus for next two weeks.)
So I am obligated to buy about 7BTC worth of NXT this week for ltc2nXt3 alone.

As the mega packs from ltcgear seems to have disappeared. There will be less NXT involved in purchasing ltcgear but every week ltcgear payments will be converted to NXT to create more buying pressure.

According to my rough estimates at least 1 million NXT is being distributed by ltcgear relates assets every week.

ltcgear and NXT AE are a match made in heaven.

As far as buying pressure goes, I prefer the free market model, let market discovery create true market value for each asset. There are many examples of artificial buying pressure fizzling out after a few weeks leaving a bad taste in the mouth of investors.






Is it also a win situation for NXT itself?

Will you create an upwards buy pressure with the earnings?

(http://t.qkme.me/3ovk38.jpg)
Title: Re: ltc2nXt3 RISES
Post by: pf on December 09, 2014, 03:35:38 pm
According to my rough estimates at least 1 million NXT is being distributed by ltcgear relates assets every week.
My assets alone distribute nearly 750,000 NXT each week, I would hope we exceed 1 million by far.
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 09, 2014, 04:27:30 pm
You are right sir.

I was using a conservative number. I think the actual number should be more than 2 Million NXT relating to ltcgear related assets.

ltcgear and NXT AE a match made in heaven.

GoNXT

According to my rough estimates at least 1 million NXT is being distributed by ltcgear relates assets every week.
My assets alone distribute nearly 750,000 NXT each week, I would hope we exceed 1 million by far.
Title: Re: ltc2nXt3 RISES
Post by: printshop on December 09, 2014, 04:33:20 pm
I was planning on using ltc2nxt3 as backing for SafeHash but I missed the boat, it sold out before I put 2 and 2 together and realized it would have made the perfect backing for SafeHash.

Right now I am preparing to invest into ltc2nxt3 and hopefully a new product you release in the future. But it looks like I missed the boat on this one.
Title: Re: ltc2nXt3 RISES
Post by: Cryptographer on December 09, 2014, 11:27:02 pm
cryptographer, please do not post in any of my threads.

Oh, sorry! Guess no one else noticed the huge scam. How much did you make off of this one, 40 BTC? Not bad profit for buying some LTCgear shares and making a NXT asset, what was it, about 30 minutes of work? Good job sir! I'll have to start making LTC2G2 LTC2G3 LTC2G4...  Lol.
Title: Re: ltc2nXt3 RISES
Post by: Cryptographer on December 09, 2014, 11:33:43 pm
Why do you people keep throwing money at this guy? Do you even bother crunching the numbers before mindlessly buying? There are identical assets which make a very slim margin of profit from share sales (HRLTCgear, Bearmining, etc) and yet you are giving Satoshi 40% profit on each share you buy. Then as soon as they all sell out, he creates another one without even letting the current asset increase in price, so you are left with declining value shares. Why do you keep buying them? It makes no sense.

FYI - LTCgear qASIC shares = 17 NXT each. Selling at 25 NXT per share is actually 47% profit... OUCH! You all just got screwed.
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 10, 2014, 01:27:47 am
I have reported Cryptographer to the moderators.
cryptographer, please do not post in any of my threads.
Title: Re: ltc2nXt3 RISES
Post by: Cryptographer on December 10, 2014, 02:02:29 am
I have reported Cryptographer to the moderators.
cryptographer, please do not post in any of my threads.

For what, pointing out how much profit you are making on this? I think that's allowed.
Title: Re: ltc2nXt3 RISES
Post by: printshop on December 10, 2014, 05:25:45 am
I have reported Cryptographer to the moderators.
cryptographer, please do not post in any of my threads.

For what, pointing out how much profit you are making on this? I think that's allowed.

It is true that he is taking 56% of purchase price for himself.

But he is also guaranteeing the fund at IPO price (25 NXT), which means that this instantly becomes a good deal if you can buy in at less than IPO minus returns to date.

In that, there is a usefulness here. There is also a small chance that the fund will be worth something once it ROIs, which makes it a good investment to use as backing in place of NXT if you have need of that sort of thing.

But no, this isn't something I would use if I wanted to go for pure income, I think that much is obvious. Satoshi has been open and honest about his fees, so I think anyone who makes a mistake and invests in this thinking it is intended to compete with your issue deserves to lose money.

Past a certain point there's nothing you can do. If you make the choice to short frozen concentrated orange juice during an extended winter which will obviously produce a lower than expected crop of oranges, then you deserve to lose all your money. It's not a scam, you just gambled by investing in something you didn't understand and ended up losing money. No one to blame but yourself in that case. I don't really think this is a scam, since Satoshi hasn't lied to anyone and it isn't a ponzi or anything.

Edit: As an example of why this fund can be helpful and useful, SafeHash would invest in it to get backing with a decent interest rate.
Title: Re: ltc2nXt3 RISES
Post by: Fatih87SK on December 10, 2014, 05:49:40 am
Cryptographer.

I don't know why you post here.  I know there are assets with a better ROI. But I chose satoshi.

Because I trust him and there is a guarantee to get back my NXT. And these two advantages comes with a price which I'm happy to pay for.

This is my choice.

It's very weird of you to come by here and say how stupid the investors of ltc2nxt are. You are making fun of yourself. Before you embarass yourself any longer I advice you to stop with these accusations.
Title: Re: ltc2nXt3 RISES
Post by: peterpanda on December 13, 2014, 05:14:05 am
any update?
Title: Re: ltc2nXt3 RISES
Post by: satoshi on December 13, 2014, 05:35:57 am
Just waiting for actual payment from ltcgear. Numbers are looking good. With rough estimates ltc2nXt3 is going to payout more than 10% in first week.

Last week it took ltcgear almost 24 hours to process all payments. I will update status in 5 more hours.


Latest weekly earnings numbers were just released on ltcgear website
http://ltcgear.com/ltc-payments/

This week's magic number
Total: 0.01327943  LTC / 7 days / 1 ASIC Share (1 ltc2nXt asset)

I will update this post as soon as I receive the actual payments in my wallet.

ltc2nXt will pay first than ltc2nXt2 and then ltc2nXt3

Payments expected in 4 to 5 hours.
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 15, 2014, 09:39:42 am


Just getting a little bored/anxious waiting for ltcgear payments. More and more reports of payments received are coming through so I know ours is gonna come through, its just a matter of time.

Over the last 10 weeks I have witnessed exponential growth of ltcgear, we are witnessing these delays because of this fast paced growth. I believe this is going to be the norm over the next few weeks, specially because next share multiplication is coming around December 24th.

Except for this delay of payment for some users, overall fundamentals at ltcgear remain strong. IMHO, phasing out affiliate program is the step in right direction, it will free up some resources for Chris also.

Normally Monday is the affiliate payment day, the way things are dragging it might not happen till wednesday. And on Friday we go through the payment cycle again and before you know it, it is share multiplication time on next Wednesday.

With this waiting time, I did some basic calculations and for ltc2nXt3 asset holders I can guarantee a minimum dividend of 2.82 NXT per ltc2nXT3 asset. It might go slightly up based on the actual payment we receive but it won't be any lower, this also includes the 0.65 BTC special happy holidays bonus.

Patience is not simply the ability to wait - it's how we behave while we're waiting.


 
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 15, 2014, 02:57:04 pm
although I haven't received the payout yet, I am working on converting the required BTC to NXT, payout should come out in 1 hour.
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 15, 2014, 03:25:22 pm
We are ready for ltc2nxt3 first dividends.
Just for the record, I haven't received the payment yet, but you guys are covered with my special insurance anyways.  ;D
++++++++++++++++

Latest weekly earnings numbers were just released on ltcgear website
http://ltcgear.com/ltc-payments/

This week's magic number
Total: 0.013279433 LTC / 7 days / 1 ASIC Share (1 ltc2nXt3 asset)

Total of 50,000 ltc2nXt3 assets in circulation,
our total earnings are going to be around 141,000 NXT (7.05 BTC=6.4+.65(bonus)) (NXT/BTC=.000049 cryptsy+bter avg)
Management fee this week 0%, total of 0 NXT as management fees.
NXT to be distributed 141000/50000=2.82 NXT per ltc2nxt3 asset.

Our total dividends after 1 weeks are going to be 141,000 NXT
Total Capital Raised with sales of 50000 ltc2nXt3 assets=1,250,000 NXT
NET Investment return for total capital raised= 11.28%

Week 1 dividend comes out to be 11.28%.   8)

Total Dividend paid so far: 2.82 NXT

All ltc2nXt3 investors have already received dividends back of 2.82/25=11.28%
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 15, 2014, 03:39:45 pm
Amount paid, Account, TX
15163,       NXT-AAR6-7JRL-P9AR-ED4QD. 6535509311771992379
14568.12, NXT-53EB-6WSS-BAGG-39UXP, 16669586690396484565
14100, NXT-5FJE-ZUVA-4YQM-B538L, 1297194962797742622
13818, NXT-FTKU-UTAZ-23RL-HCYXM, 8211627510214658626
12608.22, NXT-DH4T-9PH3-5V8S-HQJC5, 17089207919337176481
6680.58, NXT-KUQ3-SYHL-E4BE-B2BL5, 7532042011709705718
5640, NXT-RNKQ-TTGX-V6DP-H55PS, 10037315002769030467
5640, NXT-SU7K-QRWR-KF84-32ELE, 3456496467314476163
5087.28, NXT-8FEZ-DTFV-MQYS-7UKXW, 12033053925648315345
4272.3, NXT-P44H-3ZA6-TQBD-FESF3, 12830278913211035585
3948, NXT-FAHJ-MNJE-5BHY-24PP4, 9996708708495093300
3666, NXT-FLFU-9XTU-YHD5-7WR86, 1268425233508824589
2952.54, NXT-JM8P-54BR-ULY4-7VAZ6, 14582377942921027932
2820, NXT-YX4X-QNQU-WKZC-AXNE5, 4340165596104454439
2820, NXT-MYYS-XXLZ-6VJJ-2LUSZ, 7641871750597817792
2256, NXT-PJ4S-P5MU-LFBV-6ARBY, 4917437996843890317
1579.2, NXT-TNEN-GQAE-TP67-8HQ8L, 4681889502339604080
1410, NXT-LQU5-UREL-D5BG-D8HQ2, 17068331015091698736
1269, NXT-RDWY-9XJS-7V8J-35SXJ, 10389531681889175705
1128, NXT-MAEF-Y5ND-K63M-4ZPCG, 11498077076638963868
987, NXT-6BFR-KUGE-RW7F-BF7RS, 7231271256424852405
987, NXT-D9D3-9Q2F-QBYM-4C6TQ, 6506869182252191038
944.7, NXT-V29U-VXZJ-H8UJ-835MA, 16607382746369113707
564, NXT-EAPU-76MK-2FF6-FKDFY, 5380567600566807217
564, NXT-7PJE-3NSH-C7W5-GU4FT, 16931575579906230546
459.66, NXT-A4TD-NWV9-UGPV-FH8XV, 9749561951344310304
423, NXT-26MN-75KR-8H26-A9HK6, 1485097013369432498
423, NXT-EFR9-BPVT-FGAN-CUUGD, 16292903075468226878
423, NXT-7G7H-BE28-B967-FTBWW, 67892638136204902
423, NXT-LU2L-BW3T-V8DE-3HGCK, 936774554240710189
324.3, NXT-RKKC-PVAX-QSDG-852WS, 3785475154849097558
225.6, NXT-XF4Y-36ZE-2UXX-3JFER, 11894507584587576821
101.52, NXT-XLR8-66PW-253Z-3T5M8, 5872998647890188734
84.6, NXT-EUH2-Y9LT-J54V-EPB56, 9968543022015257378
81.78, NXT-QSA3-EV58-PGLR-8MX22, 1389636570873801682
56.4, NXT-G7J2-E8CU-TAT4-6D2N4, 18130059712773066732
50.76, NXT-A3CC-YG8Z-HNFP-23QMS, 18114578830016743228
45.12, NXT-2FX9-DTXD-V9B4-DFTJQ, 6765596095455745384
28.2, NXT-NH53-QEG6-NG4U-6D9DZ, 15652435776480524626
22.56, NXT-F87Z-VNC2-A28A-2ZHYW, 3043587725199368032
14.1, NXT-LWCZ-QQF6-UJBR-BUAG8, 11366381622423274746
14.1, NXT-RNCR-YXDZ-V866-BS5RX, 17359377385669309581
2.82, NXT-4KHW-HPP2-H2N6-CZSBE, 48969378893583832
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: youyou on December 15, 2014, 04:22:04 pm
received, thx
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: dsalinas79 on December 16, 2014, 10:33:40 am
Hi Satoshi,

Are u going to put some more shares to sell?

Thanks
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 16, 2014, 11:25:57 am
All ltc2nXt3 assets were sold out in first week, so the only way to buy them know is from the original investors.

ltc2nXt4 will be launched early 2015.

Happy Holidays

Hi Satoshi,

Are u going to put some more shares to sell?

Thanks
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 17, 2014, 05:46:29 am
Finally order coming back to ltcgear universe. All of my accounts are showing the following message from ltcgear.

I still haven't received the payment for ltc2nXt3 payment but I am super confident it is going to happen in next 23 hours.

I am glad that I was able to pay ltc2nXt3 asset holders early this was an unplanned benefit of insurance behind ltc2nXt3 asset.

(http://i.imgur.com/kHRPkJB.png)
Title: Payback Guarantee Details
Post by: satoshi on December 22, 2014, 02:45:21 am
Greetings All,

As it is the 2nd week with more than 48 hours delay from ltcgear, I wanted to update all ltc2nXt3 investors about my initial 100% ROI insurance.

First of all, I want to clarify that I still have 100% confidence  that ltcgear is no scam, even this week more than 1000 BTC worth of payments have been sent out.

But the payments are delayed again this week, some people haven't received the payments from last week also.

I have voluntarily designed the insurance program and I plan to stand by it.

http://www.nxtreporting.com/?a=NXT-5FJE-ZUVA-4YQM-B538L&c=USD

My account is worth more than 600,000 NXT overall, but just want to emphasise on non mining assets

SUPERNET 700   (with another 500 in escrow to be released in two weeks (Jan, 3, 2015) not included in above account)
NxtVenture 700
jlhodl         6000

These add up to more than 400,000 NXT at ask price.

As of today, only one payout of 2.82 NXT has been sent.

25-2.82=22.18 NXT

asset holders can expect to received 22.18 NXT per ltc2nXt3 asset if no more payouts are received.

For the insurance to kick in, first we will have to make sure that ltcgear is insolvent or not going to pay anymore, which would take at least 2 weeks from the date of last time ltcgear payouts are sent.

Another couple of weeks will be required to formalise the announcement, start the asset swap program. Subtracting the assets held by my personal account, I think my liquidity is around 60%. I will pay the smaller investors back first. For larger investors I will setup a weekly payment plan(details to be anounnced when we reach that bridge).

So 4 weeks is the minimum time required to start receiving the insurance paybacks.

I am still confident about ltcgear.com, but you buy insurance for the unexpected. In the case of unexpected, there is a backup plan but it just going to take some time.

I am the one with most loss for ltc2nXt3 in case of problems with ltcgear, but thats the risk I signed up for. I just ask ltc2nXt3 investors to be smart and help me facilitate this procedure in worst case scenario.

GoNXT



 

Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: Mises_77 on December 22, 2014, 05:28:48 am

Thank you for the updates Satoshi

Mises
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: Djinou94 on December 26, 2014, 02:01:35 am
Received thx!
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: peterpanda on December 26, 2014, 02:06:58 am
Received thx!
received last weeks dividend? or this weeks dividend?
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: peggy2jj on December 26, 2014, 02:42:56 am
Received thx!
Not me ???
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 26, 2014, 05:27:18 am
must be last week,
no ltc2nxt related dividends were sent this week.
Due to holiday season, understandably people being with their families, no activity on ltcgear after initial site migration.
By Monday December 29th we should get a clearer picture.
Received thx!
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: Djinou94 on December 26, 2014, 04:32:26 pm
Received thx!
received last weeks dividend? or this weeks dividend?

Last week

Question if i buy more asset this week end i will be pay for this week or for the next week?
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 27, 2014, 02:05:36 am
Dividends from December 21st, still due. Waiting for one more payment from ltcger

For this week's payment waiting for update from ltcgear, as it is closed for holidays.


Received thx!
received last weeks dividend? or this weeks dividend?

Last week

Question if i buy more asset this week end i will be pay for this week or for the next week?
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 29, 2014, 04:25:26 am
The week of December 19's magic number
Total: 0.01246745 LTC / 7 days / 1 ASIC Share (1 ltc2nXt3 asset)

Total of 50,000 ltc2nXt3 assets in circulation,
our total earnings are going to be around 100,000 NXT (5.3 BTC) (NXT/BTC=.000053 cryptsy+bter avg)
(second 0.65 BTC Bonus not included) Bonus will be delivered when actual ltcgear payment is received.
Management fee this week 0%, total of 0 NXT as management fees.
NXT to be distributed 100000/50000=2 NXT per ltc2nxt3 asset.

Our total dividends after 2 weeks are going to be 241,000 NXT
Total Capital Raised with sales of 50000 ltc2nXt3 assets=1,250,000 NXT
NET Investment return for total capital raised= 19.28%

Week 2 dividend comes out to be 8%.   8)

Total Dividend paid so far: 4.82 NXT

All ltc2nXt3 investors have already received dividends back of 4.82/25=19.28%
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 29, 2014, 04:34:53 am

Yes but I am obliged to pay the dividends for the specific account. It is not like I am receiving payments in ltc2nXt3 account only and paying others, I just received 25% of the total payment expected. I could have easily not shared that info or chosen to wait to receive the full payment before making any announcement.

In the same post I mentioned that first we have to verify that ltcgear is a scam before we can talk about insurance factor kicking in and that the whole process is going to take 3 to 4 weeks.

I still strongly believe that ltcgear will come through. I just filled out the support form on ltcgear site to report all my missing payments.

Hope 2015 brings health, happiness and prosperity to all noters.



Hi Seb, I still believe that ltcgear is going to come through. I did receive about 25% payment for the week of Dec 19. ltc2nXt3 is backed by my personal insurance anyways. So there is method to my madness, my payments are uptodate. Hopefully after new years ltcgear will start making regular payments.



hi satoshi, thank you for the dividends, but why are you giving away free nxt of yours?




Code: [Select]
Hi Satoshi. But you said you have about 60% of the funds needed to repay ltc2nxt3 holders.
In case LTCGear is ponzi, you are paying for the assets not insurred by you. I see no reason in your actions. Shouldn't you be preparing for ltc2nxt3 asset liquidation first?

Thanks.
Subtracting the assets held by my personal account, I think my liquidity is around 60%. I will pay the smaller investors back first. For larger investors I will setup a weekly payment plan(details to be anounnced when we reach that bridge).
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 29, 2014, 04:37:16 am
100,000 NXT distributed to ltc2nXt3 asset holders

Amount paid, Account, TX
11732, NXT-53EB-6WSS-BAGG-39UXP, 14778698057709016054
11000, NXT-FTKU-UTAZ-23RL-HCYXM, 11942658596097391257
10000, NXT-5FJE-ZUVA-4YQM-B538L, 7923591626164168632
9810, NXT-AAR6-7JRL-P9AR-ED4QD, 17901215517150741811
4738, NXT-KUQ3-SYHL-E4BE-B2BL5, 10458401117417254276
4532, NXT-8FEZ-DTFV-MQYS-7UKXW, 14991758174823268322
4000, NXT-RNKQ-TTGX-V6DP-H55PS, 1522419811346441729
4000, NXT-SU7K-QRWR-KF84-32ELE, 5484517772337020940
2800, NXT-FAHJ-MNJE-5BHY-24PP4, 6878598173755566109
2394, NXT-FLFU-9XTU-YHD5-7WR86, 5911374130803384377
2166, NXT-WMJR-C8ET-7Z36-FVDQW, 5692117870425293361
2032, NXT-P44H-3ZA6-TQBD-FESF3, 16545635048866487034
2000, NXT-YX4X-QNQU-WKZC-AXNE5, 11828652097738103560
2000, NXT-9SYB-C2GF-JA2X-2R4S3, 2795229786781751195
2000, NXT-MYYS-XXLZ-6VJJ-2LUSZ, 11578892073838303007
2000, NXT-T9BX-5G25-VTNC-8LZ9S, 15942786800649960166
1600, NXT-PJ4S-P5MU-LFBV-6ARBY, 4104679193174061273
1456, NXT-7R8S-X9GD-W3M9-DWCX2, 2653594567593229724
1120, NXT-TNEN-GQAE-TP67-8HQ8L, 15155546744619337896
1000, NXT-LQU5-UREL-D5BG-D8HQ2, 13392892897359011346
900, NXT-RDWY-9XJS-7V8J-35SXJ, 2875036611004375339
800, NXT-D9D3-9Q2F-QBYM-4C6TQ, 16368827900744868226
700, NXT-6BFR-KUGE-RW7F-BF7RS, 11975845413760394665
670, NXT-V29U-VXZJ-H8UJ-835MA, 4176581544348462720
458, NXT-DHFS-JPHW-EZDZ-8K9DH, 10278961395561172812
420, NXT-LU2L-BW3T-V8DE-3HGCK, 17846915521853017247
400, NXT-EAPU-76MK-2FF6-FKDFY, 10227412097137562657
400, NXT-7PJE-3NSH-C7W5-GU4FT, 1181452562650456822
400, NXT-CSMZ-VJV5-YVVP-5FZQU, 11857806930184450170
328, NXT-WTS8-HP56-9HRA-H6HVD, 358514191211107173
326, NXT-A4TD-NWV9-UGPV-FH8XV, 2997081451839799501
300, NXT-EFR9-BPVT-FGAN-CUUGD, 5727148223574150429
300, NXT-7G7H-BE28-B967-FTBWW, 17848106901110379711
280, NXT-DWDC-SBCQ-QL83-HWBL2, 13706914275656074717
270, NXT-M3YC-DENH-URN9-EZMP3, 9428487415192945956
230, NXT-RKKC-PVAX-QSDG-852WS, 13904240466756992683
200, NXT-W6G8-F4ES-MSTS-5269V, 5533314486719934628
200, NXT-4AHG-6FUU-QQ62-78XVT, 11309013796623803765
196, NXT-4KHW-HPP2-H2N6-CZSBE, 11453485158626731079
160, NXT-XF4Y-36ZE-2UXX-3JFER, 16458640322489774060
140, NXT-RNCR-YXDZ-V866-BS5RX, 5016625254075527913
100, NXT-NH53-QEG6-NG4U-6D9DZ, 12614596534025399692
78, NXT-JM8P-54BR-ULY4-7VAZ6, 5594480383807392137
70, NXT-LJDM-AHWF-Q59M-FZTBK, 7198853341761014647
60, NXT-EUH2-Y9LT-J54V-EPB56, 1683286345119104144
52, NXT-QSA3-EV58-PGLR-8MX22, 15783976523534230308
50, NXT-RHNG-8DNX-4F76-D6XKV, 19357099104998615
40, NXT-EMW3-JMR6-SQC3-EPJJG, 16331945533742134262
32, NXT-2FX9-DTXD-V9B4-DFTJQ, 16512331365333797653
20, NXT-FAHS-ZBC3-EAQY-GTA5M, 14701776833421470245
12, NXT-4FQV-BLRP-GCUF-FB2MQ, 16226812459914652804
10, NXT-LWCZ-QQF6-UJBR-BUAG8, 6179354839877209890
4, NXT-DYWY-UXG8-JJZJ-9VGTN, 8199323765533761965
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: Juniour on December 29, 2014, 10:22:23 am

Yes but I am obliged to pay the dividends for the specific account. It is not like I am receiving payments in ltc2nXt3 account only and paying others, I just received 25% of the total payment expected. I could have easily not shared that info or chosen to wait to receive the full payment before making any announcement.

In the same post I mentioned that first we have to verify that ltcgear is a scam before we can talk about insurance factor kicking in and that the whole process is going to take 3 to 4 weeks.

I still strongly believe that ltcgear will come through. I just filled out the support form on ltcgear site to report all my missing payments.

Hope 2015 brings health, happiness and prosperity to all noters.


OK. Thanks.
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: printshop on December 29, 2014, 10:37:28 am
has anyone been paid for the 26th? I'm guessing we shouldn't report that payment.
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: lmmjvsd on December 29, 2014, 10:46:38 am
thanks  :)
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: Djinou94 on December 29, 2014, 02:28:00 pm
Wow Satoshi is the only one who paid  :o
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: Fatih87SK on December 29, 2014, 02:29:49 pm
Satoshi,

Are you bringing the cashback guarantee of ltc2nxt3 holders in danger with this action?
Title: Re: ltc2nXt3 :: 1st Dividend 141000 :: 2.82 NXT :: 11.28% in 1st week.
Post by: satoshi on December 29, 2014, 02:50:04 pm
The guarantee won't affect this. I actually got paid for ltc2nxt account, I could have just kept silent and kept the money, but I made an immediate announcement.

When ltcgear announced no payments for week of December 26, I had the choice for no payment and increasing the agony of asset holders, or paying all three assets. The actual risk I took was paying the ltc2nXt3 asset holders (5.3 BTC)

I am currently uptodate with ltcgear payments so I feel quite good about it. The insurance plan is something I setup voluntarily and I intend to honour it.

I had made a detailed announcement before that if it came down to ltcgear being in default it will take 3 to 4 weeks for the insurance plan to kick in. I will get into more detail about the insurance payment plan when we confirm the default of ltcgear. Right now, ltcgear is just late with there payments.

Currently with the support procedures started for reclaiming the old payments, I feel much more confident about ltcgear.





Satoshi,

Are you bringing the cashback guarantee of ltc2nxt3 holders in danger with this action?

Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: nacer on December 30, 2014, 09:21:32 am
Satoshi,


I'm lost, can you date your payement report ?

So you just paid for the 19 december week and we are still waiting for the 26 december payment right ?
 
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on December 30, 2014, 09:41:28 am
updated the post, this is indeed December 19 payment.

No payments have been issued by ltcgear for December 26
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: cr7yp on January 01, 2015, 09:40:52 pm
Any news regarding the outstanding payment from ltcgear?

updated the post, this is indeed December 19 payment.

No payments have been issued by ltcgear for December 26
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 01, 2015, 10:54:09 pm
Jan, 2nd 2015 will be waiting for the big update from ltcgear.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 06, 2015, 10:43:04 pm
Jan, 2nd 2015 will be waiting for the big update from ltcgear.
Satoshi.

I think it is ready to look at the guarantee model you offered.

Or are you still waiting?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 07, 2015, 12:54:06 am
I have been updating the main ltc2nxt thread for sake of simplicity.

ltcgear is still alive, this is the last update from ltcgear.

Since January 5, updates have come on 24 hour basis from ltcgear

UPDATE: moving to user balances and withdraw on demand will become live Jan 7 due to technical reasons.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Djinou94 on January 07, 2015, 02:19:53 pm
Hi Satoshi
No payment this week?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 07, 2015, 03:26:44 pm
waiting for ltcgear
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: cr7yp on January 09, 2015, 12:35:25 pm
Satoshi, any news? It seems to me that LTCGear will not show up again.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 09, 2015, 01:32:05 pm
There are regular daily updates on ltcgear website basically extending the deadline by 24 hours.

Today being the weekly payout update I am expecting some solid info, so waiting for some more solid info.

People are still buying qasic accounts on other forums for about 25 cents on the dollar. I am still hopeful so I am not ready to sell the account yet, but if in next couple of weeks situation doesn't improve, I will ask for ltc2nxt3 shareholder vote if we want to liquidate the account.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 09, 2015, 01:50:54 pm
A year ago I said to friends "Hey invest in NXT". They are all in loss.

A month ago I said. You are already in loss. Do something with your NXT instead of let is sleep there in your account. Buy ltc2nxt.
Now they lost the little NXT they had.

I'm so bad at giving advices, it's almost funny.  ;D
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: cr7yp on January 09, 2015, 03:04:58 pm
A year ago I said to friends "Hey invest in NXT". They are all in loss.

A month ago I said. You are already in loss. Do something with your NXT instead of let is sleep there in your account. Buy ltc2nxt.
Now they lost the little NXT they had.

As my former professor of economics would to say: "There is no loss as long as you do not sell your shares." :)
So hold and believe and perhaps, the investment will be good deal.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 11, 2015, 12:23:44 pm
Just wanted to update this thread also with my opinions about ltcgear.

For ltc2nxt3 insurance plan, if there is no solid update from ltcgear till 1st of February I will move to liquidate my ltc2nxt3 ltcgear account and formulate plan to payback ltc2nxt3 token holders.

For last few days, Chris has just been extending his 24 hour deadlines.

I am still about 65% optimistic about ltcgear. Knolwedgeable people are paying about 20 cents on the dollar for the 3K0 asics (last batch bought by majority of ltcgear customers).

Plus 2nd gen chips have still to kick in around mid jan and then ramping production in March 2015.

And on top of that, there is no other litecoin asic miner with consistent results, so my personal approach for now is wait and hold.

Moving forward, I will be updating on weekly basis or if there is some meaty update/payments.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: weekendwarrior on January 11, 2015, 12:30:32 pm
ltcgear ain't coming back.

not this week. not next.

not in february.

not the month after.

its over. start making your preparations for the funeral
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 11, 2015, 12:35:48 pm
Just wanted to update this thread also with my opinions about ltcgear.

For ltc2nxt3 insurance plan, if there is no solid update from ltcgear till 1st of February I will move to liquidate my ltc2nxt3 ltcgear account and formulate plan to payback ltc2nxt3 token holders.

For last few days, Chris has just been extending his 24 hour deadlines.

I am still about 65% optimistic about ltcgear. Knolwedgeable people are paying about 20 cents on the dollar for the 3K0 asics (last batch bought by majority of ltcgear customers).

Plus 2nd gen chips have still to kick in around mid jan and then ramping production in March 2015.

And on top of that, there is no other litecoin asic miner with consistent results, so my personal approach for now is wait and hold.

Moving forward, I will be updating on weekly basis or if there is some meaty update/payments.
You are the best.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 14, 2015, 04:47:44 pm
New website?

https://www.cryptovenue.com/ltcgpayouts/ (https://www.cryptovenue.com/ltcgpayouts/)
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: peggy2jj on January 14, 2015, 05:06:34 pm
New website?

https://www.cryptovenue.com/ltcgpayouts/ (https://www.cryptovenue.com/ltcgpayouts/)
It looks we have hope again :) always think positive
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 20, 2015, 01:07:25 pm
http://ltcgeartimer.com/ (http://ltcgeartimer.com/)
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Djinou94 on January 21, 2015, 12:30:46 am
lol...  :'(
Title: After a long time, some good news from ltcgear
Post by: satoshi on January 23, 2015, 03:08:29 am
After a long time, some good news from ltcgear

here is a sneak peak at the background work being done by Chris@ltcgear

http://107.155.108.112

The most interesting part is coin balances section on right hand side.

Title: Re: After a long time, some good news from ltcgear
Post by: printshop on January 23, 2015, 02:16:33 pm
After a long time, some good news from ltcgear

here is a sneak peak at the background work being done by Chris@ltcgear

http://107.155.108.112

The most interesting part is coin balances section on right hand side.

Would you mind providing a source for this? I'm concerned it might be a rogue site.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 23, 2015, 03:44:07 pm
I don't have any official source.

But I am pretty confident, it is the real deal. I can login with my credentials, see the actual number of qasics I own.

Also it shows me the support ticket for the missing BTC from December.

The exciting part is the option to withdraw and balances in BTC, LTC and DRK on the right hand side.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 23, 2015, 04:20:03 pm
I don't have any official source.

But I am pretty confident, it is the real deal. I can login with my credentials, see the actual number of qasics I own.

Also it shows me the support ticket for the missing BTC from December.

The exciting part is the option to withdraw and balances in BTC, LTC and DRK on the right hand side.
Do you think it's a good idea to log in to a website without an announcement?

Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Sebastien256 on January 23, 2015, 05:47:37 pm
I don't have any official source.

But I am pretty confident, it is the real deal. I can login with my credentials, see the actual number of qasics I own.

Also it shows me the support ticket for the missing BTC from December.

The exciting part is the option to withdraw and balances in BTC, LTC and DRK on the right hand side.
Do you think it's a good idea to log in to a website without an announcement?



I will try after dinner with one of my dummy ltcgear account. Will keep youinform.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Sebastien256 on January 23, 2015, 05:59:06 pm
I don't have any official source.

But I am pretty confident, it is the real deal. I can login with my credentials, see the actual number of qasics I own.

Also it shows me the support ticket for the missing BTC from December.

The exciting part is the option to withdraw and balances in BTC, LTC and DRK on the right hand side.
Do you think it's a good idea to log in to a website without an announcement?



I will try after dinner with one of my dummy ltcgear account. Will keep youinform.

Well the site know my real password, I do not use this password else where and when I try to log in with a false pass, it do not work. It look that this is Chris web site. However I do not like the way they manage this crisis, if we call it this way... waiting on payment, that only will tell us something. One thing I would like to see from ltcgear are signing mine block, which they do not do, as far as I know. Let hope ltcgear will not deceive us...
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 24, 2015, 11:15:44 am
ltcgear.com is live again

things are looking much brighter.

Update coming over the weekend.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: rubenbc on January 24, 2015, 02:19:01 pm
I'm so excited
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 25, 2015, 07:32:06 am
In another positive development,

litecoin is up 57% to $2.2 with a volume of about 10 million USD.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 26, 2015, 08:08:38 am
ltcgear.com is live again

things are looking much brighter.

Update coming over the weekend.

I think this is the update;

http://ltcgear.com/farm-payments/the-news/
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 26, 2015, 01:26:09 pm
wow

Detailed eloquent post from Chris, that a rarity   :D

In my book, the probability of payout from ltcgear is increasing every day. :)
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Fatih87SK on January 26, 2015, 01:34:25 pm
wow

Detailed eloquent post from Chris, that a rarity   :D

In my book, the probability of payout from ltcgear is increasing every day. :)

Quote
At this moment the payments are functional for a percent of users and will become functional gradually for entire database of legit users.

Did you check if you could withdraw anything?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 27, 2015, 02:47:58 am
The withdrawal announcement is just the beginning , i think it is going to take a few days

I check once a day on all my accounts, no coins available for withdrawal.

I am also checking on other sources like litecointalk and nobody is reporting any withdrawals yet. Whenever I find a verified withdrawal I will update this thread.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: cr7yp on January 31, 2015, 11:29:37 am
One more day to wait. Any news from letcgear, Satoshi?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: printshop on January 31, 2015, 12:16:09 pm
Hi! I'm seeing 19.28% returned, then a payment of 100k (8%) for a total of 6.82 returned to investors. Am I under the correct impression then that the remaining guarantee is 18.18 per share? Thx
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: georgelincoln on January 31, 2015, 12:19:20 pm
ltcgear ain't coming back.

not this week. not next.

not in february.

not the month after.

its over. start making your preparations for the funeral

Dude, how did you get 49 'minus signs' for 43 posts? You must be doing something right  ;D
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: martismartis on January 31, 2015, 04:23:40 pm
Hi! I'm seeing 19.28% returned, then a payment of 100k (8%) for a total of 6.82 returned to investors. Am I under the correct impression then that the remaining guarantee is 18.18 per share? Thx

What do you mean about bolded part? Did I miss something? Can confirm, that 19,28% received by dividends.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Avrora on January 31, 2015, 04:43:14 pm
That's 4.82NXT or 19.28%,    not 6.82.

Remaining guarantee is 20.18 per share.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on January 31, 2015, 05:07:10 pm
The news from ltcgear has been positive over the last few days. Although people are buying complete accounts on litecointalk, I am not selling my any of my ltcgear accounts.

For folks who would like to cash out I will be making an announcement regarding structured settlement in 24 hours.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Sebastien256 on February 01, 2015, 10:53:10 am
For folks who would like to cash out I will be making an announcement regarding structured settlement in 24 hours.

Im sorry that ltcgear has turn bad. Satoshi, you will certainly gain respect from the community for honoring the large engagement you took toward customer of ltc2nxt3. l hope your next venture will turn out to be better. Do you plan other venture in the near future or will you mainly concentrate on STSH now? Keep the good work!
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Avrora on February 01, 2015, 12:20:02 pm
For folks who would like to cash out I will be making an announcement regarding structured settlement in 24 hours.

Im sorry that ltcgear has turn bad. Satoshi, you will certainly gain respect from the community for honoring the large engagement you took toward customer of ltc2nxt3. l hope your next venture will turn out to be better. Do you plan other venture in the near future or will you mainly concentrate on STSH now? Keep the good work!

I second that. Making your shareholders happy in this crisis will boost community's confidence in you tremendously. Those things cannot be bought and have to be earned. Good luck.
Title: options for ltc2nxt3 asset holders
Post by: satoshi on February 01, 2015, 03:13:56 pm
"Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on”.


ltc2nxt3 was launched on Sunday December 7, 2014, my plan was to sell 10,000 ltc2nxt3 assets each week over the next 5 weeks. But beyond my wildest dreams all 50,000 assets were sold out in 48 hours. Those were amazing times and seems so far away now.
1 BTC was trading around 400 USD and 1 LTC was trading around 4 USD.

Meanwhile at ltcgear.com for the next payout on December 12, 2014 there were some payouts problems reported some people missed partial payouts some missed all payments, Same thing happened for December 19 payout by ltcgear.com. Although I was missing some partial payments, I did manage to payout all ltc2nxt family asset holders till December 19 payouts.
ltcgear.com stopped making payments since 26 December 2014. And after some extensive delays and site migrations finally we saw a detailed announcement from them.

http://ltcgear.com/farm-payments/the-news/
 


Fast forward to Feburary 1, 2015 and things have changed drastically in the crypto world. Most large cloud mining have either vanished or turned off their mining operations. BTC is fighting a valiant fight to stay above 200 USD and LTC around 1.5 USD
This would have been a perfect excuse for ltcgear.com to claim losses and pack up there shop but Chris is keeping the hope alive. Plus his Gen 2 asics are promised to be released in February 2015. and he plans to deliver them.

Personally I am not giving up on ltcgear yet. People were buying until recently 50,000 qasics accounts around 10 BTC but I am not selling.

With my insurance idea I had in mind the idea of backing up mining related assets with non mining assets like SUPERNET and NXTVENTURE. But due to overall slump/bear market in crypto world, these backup assets are loosing value also.

So instead of letting these non-mining assets sitting in my account, Here is an option, for ltc2nxt3 asset holders if they choose to exercise.

Currently, I am holding

700 SUPERNET (my average purchase price 227 NXT each)  recent highs at 315 NXT on Dec 23, 2014
600 NXTVENTURE (my average purchase price 93 NXT each)  recent highs at 105 NXT on Dec 6, 2014

700*310= 217000 NXT
600*100=  60000 NXT
    Total= 277000 NXT  approximately 280,000 NXT can buyback 14,000 ltc2nxt3 for 20 NXT each

There will be three redemption periods

Feb 8
Feb 18
Feb 28


You can send between 100 to 1000 ltc2nxt3 assets to my account  NXT-5FJE-ZUVA-4YQM-B538L

min. number of ltc2nxt3 assets is 100     You will receive 5 SUPERNET assets and 4.3 NXTVENTURE
.
.
.
max number of ltc2nxt3 assets is 1000    You will receive 50 SUPERNET assets and 43 NXTVENTURE




Further announcement will be made in March 2015 if no payments are received from ltcgear over the next 4 weeks.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Sebastien256 on February 01, 2015, 03:20:04 pm
What about people with less than 100 ltc2nxt3? Is there a settlement for them?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 01, 2015, 03:26:16 pm
What about people with less than 100 ltc2nxt3? Is there a settlement for them?
Maybe with next announcement in March. most probably it will be cash settlement for less than 100 assets.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 01, 2015, 03:28:51 pm
I am not launching any new assets soon.

I believe the crypto world in general is going through a huge transformation currently, so I will wait a little bit for things to settle down before making any new assets.

For folks who would like to cash out I will be making an announcement regarding structured settlement in 24 hours.

Im sorry that ltcgear has turn bad. Satoshi, you will certainly gain respect from the community for honoring the large engagement you took toward customer of ltc2nxt3. l hope your next venture will turn out to be better. Do you plan other venture in the near future or will you mainly concentrate on STSH now? Keep the good work!
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Rotor on February 01, 2015, 04:45:17 pm
But in .00001% scenario where ltcgear disappears and stop paying its dividends, I will payback the ltc2nXt3 investors from my own pocket to protect their initial investment.

For example in 4 weeks time, lets say ltc2nXt3 investors have received dividends of about 10 NXT and ltcgear disappears then ltc2nXt3 asset holders will be entitled to 15 NXT payment , as per my guarantee.

While I am tremendously grateful Satoshi is here and trying to repay his asset holders, my math must be very wrong.
I bought into this asset thinking 4.82NXT out of 25NXT initial investment was returned, effectively giving guarantees of 20.18NXT per asset.

Although it is understandable asset prices, BTC, LTC, NXT go up and down, description of the asset says you "guarantee" 25NXT insurance.
Right now, if I want to sell what you are giving to us:      5 SuperNet * 204NXT   +   4.3 NXTVENTURE * 40NXT = 1192NXT per 100ltc2nxt3

You guaranteed us coverage for 20.18NXT and giving us back 11.92NXT

I was hoping Asset Exchange is a bright star in crypto, especially when respected members guarantee funds. And what do I see? Not good.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: cr7yp on February 01, 2015, 06:17:21 pm
I sold some of my ltc2nXt3 shares some weeks ago. I still own 20 shares. 20 x 20 = 400 NXT. So, why don't you transfer them into 10 NxtVenture shares (currently at a asking price of around 40 NXT)?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 02, 2015, 01:44:33 am
We have to keep the long term perspective. Just around Jan 28, SUPERNET was trading around 245NXT
Right now it just bounced up to 220 NXT also.

In my worst case scenario, ltcgear was supposed to pay for at least 5 weeks and non mining related assets should have sustained there value.technically ltcgear has not disappeared either.

Even after going through this exercise there would be 25,000 ltc2nxt3 assets owned by asset holders and if I have to pay out of my pocket it will take 5 to 6 months to buyback assets worth 500,000 NXT.

its all about decisions, decisions, decisions...


But in .00001% scenario where ltcgear disappears and stop paying its dividends, I will payback the ltc2nXt3 investors from my own pocket to protect their initial investment.

For example in 4 weeks time, lets say ltc2nXt3 investors have received dividends of about 10 NXT and ltcgear disappears then ltc2nXt3 asset holders will be entitled to 15 NXT payment , as per my guarantee.

While I am tremendously grateful Satoshi is here and trying to repay his asset holders, my math must be very wrong.
I bought into this asset thinking 4.82NXT out of 25NXT initial investment was returned, effectively giving guarantees of 20.18NXT per asset.

Although it is understandable asset prices, BTC, LTC, NXT go up and down, description of the asset says you "guarantee" 25NXT insurance.
Right now, if I want to sell what you are giving to us:      5 SuperNet * 204NXT   +   4.3 NXTVENTURE * 40NXT = 1192NXT per 100ltc2nxt3

You guaranteed us coverage for 20.18NXT and giving us back 11.92NXT

I was hoping Asset Exchange is a bright star in crypto, especially when respected members guarantee funds. And what do I see? Not good.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 02, 2015, 01:47:03 am
please wait till next announcement in March.
Most likely it will be cash settlement.

I purchased NXTVENTURE for 90 NXT each.
I sold some of my ltc2nXt3 shares some weeks ago. I still own 20 shares. 20 x 20 = 400 NXT. So, why don't you transfer them into 10 NxtVenture shares (currently at a asking price of around 40 NXT)?
Title: Re: options for ltc2nxt3 asset holders
Post by: peterpanda on February 07, 2015, 08:29:20 am
"Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on”.


ltc2nxt3 was launched on Sunday December 7, 2014, my plan was to sell 10,000 ltc2nxt3 assets each week over the next 5 weeks. But beyond my wildest dreams all 50,000 assets were sold out in 48 hours. Those were amazing times and seems so far away now.
1 BTC was trading around 400 USD and 1 LTC was trading around 4 USD.

Meanwhile at ltcgear.com for the next payout on December 12, 2014 there were some payouts problems reported some people missed partial payouts some missed all payments, Same thing happened for December 19 payout by ltcgear.com. Although I was missing some partial payments, I did manage to payout all ltc2nxt family asset holders till December 19 payouts.
ltcgear.com stopped making payments since 26 December 2014. And after some extensive delays and site migrations finally we saw a detailed announcement from them.

http://ltcgear.com/farm-payments/the-news/
 


Fast forward to Feburary 1, 2015 and things have changed drastically in the crypto world. Most large cloud mining have either vanished or turned off their mining operations. BTC is fighting a valiant fight to stay above 200 USD and LTC around 1.5 USD
This would have been a perfect excuse for ltcgear.com to claim losses and pack up there shop but Chris is keeping the hope alive. Plus his Gen 2 asics are promised to be released in February 2015. and he plans to deliver them.

Personally I am not giving up on ltcgear yet. People were buying until recently 50,000 qasics accounts around 10 BTC but I am not selling.

With my insurance idea I had in mind the idea of backing up mining related assets with non mining assets like SUPERNET and NXTVENTURE. But due to overall slump/bear market in crypto world, these backup assets are loosing value also.

So instead of letting these non-mining assets sitting in my account, Here is an option, for ltc2nxt3 asset holders if they choose to exercise.

Currently, I am holding

700 SUPERNET (my average purchase price 227 NXT each)  recent highs at 315 NXT on Dec 23, 2014
600 NXTVENTURE (my average purchase price 93 NXT each)  recent highs at 105 NXT on Dec 6, 2014

700*310= 217000 NXT
600*100=  60000 NXT
    Total= 277000 NXT  approximately 280,000 NXT can buyback 14,000 ltc2nxt3 for 20 NXT each

There will be three redemption periods

Feb 8
Feb 18
Feb 28


You can send between 100 to 1000 ltc2nxt3 assets to my account  NXT-5FJE-ZUVA-4YQM-B538L

min. number of ltc2nxt3 assets is 100     You will receive 5 SUPERNET assets and 4.3 NXTVENTURE
.
.
.
max number of ltc2nxt3 assets is 1000    You will receive 50 SUPERNET assets and 43 NXTVENTURE




  • If you own more than 1000 ltc2nxt3 assets you will need to break them down in 1000 lots and wait for the next redemption period.
  • You can not subdivide your assets into smaller account. The cutoff for this redemption period is Jan 15, 2015.
  • This process is irreversible, if you send your assets for redemption and ltcgear.com starts payment you can not claim your ltc2nxt3 assets back.
  • The redemption shares will be sent within 48 hours of the above dates.
Further announcement will be made in March 2015 if no payments are received from ltcgear over the next 4 weeks.

so when should i make asset transaction to your account?
and should i attach a message or something?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 07, 2015, 02:52:55 pm
yes please.

first pm me here and after agreement on the number of shares to be redeemed, we will exchange assets.
Title: Re: options for ltc2nxt3 asset holders
Post by: hurrikaani on February 07, 2015, 05:59:02 pm
"Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on”.


I'm not an asset owner, but is that quote from the movie "Blow"?
Title: Re: options for ltc2nxt3 asset holders
Post by: cr7yp on February 07, 2015, 08:33:17 pm
Google says Yes!  ;D
http://www.imdb.com/title/tt0221027/quotes
"Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on”.


I'm not an asset owner, but is that quote from the movie "Blow"?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 09, 2015, 03:39:31 am
yes, it is a movie line, describes the emotions of investing quite accurately.
Title: Re: [LTCGear] Q&A Questions
Post by: satoshi on February 13, 2015, 01:18:45 pm
Lo and behold, we have some great more details from Mr. Chris himself.

Live Q&A - 2/13/15 - https://litecointalk.org/index.php?topic=24666.0

TLDR - When will we get balances/paid? All balances will probably get cleaned in next days (around a week frame) - along with moving to yearly maintenance as described in opening post.

DOes anyone actually have a balance?  when can they be expected?

Everyone has a balance. Non-pending balances are balances cleared. Pending balances are balances not yet fully cleared. Once balance is cleaned, maintenance few and other relevant information are displayed.
All balances will probably get cleaned in next days (around a week frame) - along with moving to yearly maintenance as described in opening post.
What would be left will have to be individually cleared by exchanging information with balance owner.

How many account balances have been cleared and paid?

I actually do not have a statistic, and again, paid is wrong term, payment is sent to user balance, and anyway, I hope you do not mind, but internal info won't be made public.

What is the status of the database?
Have you finished cleaning the false information? If not, what percent have you finished so far?
Quote
No, not yet.

Will "fake" shares be deleted/removed? If so, when?
Quote
Last wave of cleaning balances.

Is there a target date for Gen 2 deployment yet?
Quote
Yes, its on track but I will detail in another announcement.

When will Dual MODs be re-added to accounts?
Quote
At this point the interface is minimal to avoid any possible attempt for a new successful attack. Anyway, the attacks did not happen via custom code.

Will multiplication occur again? If so, when?
Quote
Yes, that's one of the utilization of maintenance fee.

Will pictures or videos of the farm OR Gen2 be provided at any point?
Quote
Yes, they should have come after planned maintenance around end of year / new year.

Communication has been extremely lacking the past months, would you be willing to pick a community member such as TheMage to aggregate questions so we can keep communication open into the future? Or at least until the current payment/balance issues are fully resolved?
Quote
That probably would work.

Are cleared balances going to be a rolling process or are you going to clear every balance and then update balances for everyone at once?
Quote
Cleared in waves.

Once all the dust has settled will gen 2 or asics be for sale again? or will this just be an auction feature?
Quote
No plan for sales at this point.

When do you think the yearly maintenance will start and approximately how long will it take to finish.
Quote
This should have been added to OP post, from last year maintenance it is about a week.

Will qASIC shares be upgraded to gen2 as part of the maintenance process ?
Quote
Some, yes.

When people have balances that are *not* pending, and they submit a withdrawal for their non pending balance, how long until funds are released to the users wallet?
Quote
One day at max, but general hours.

Update regarding "current" pending status.
Quote
Pending means that remote database declined information on that balance. After last wave of cleaning, all balances should be visible but maybe locked for individual processing. Persisting 'pending' message after that point will probably mean an error occurred.
[/quote]
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: nacer on February 19, 2015, 09:34:06 am
Hi there,

Any news ?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Mem-ber on February 19, 2015, 09:42:20 am
Hi there,

Any news ?
Your question! At the moment, the asset market isn't very funny...
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on February 19, 2015, 04:12:04 pm
After the Q&A session on litecointalk.org, today ltcgear.com was updated with following:
+++++++++++++++++
Hi,

A short server maintenance is scheduled for Feb 19. Server will placed in maintenance mode for several hours.

Kind Regards,
Chris

++++++++++++++++

Personally, I am still hopeful, and I am waiting to see some payouts from Chris, aside form that several nxtforum members have taken advantage of redemption offer for ltc2nxt3.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: cr7yp on March 03, 2015, 08:22:57 pm
it is March now. Can you give information how you want to take back the remaining shares?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on March 04, 2015, 02:52:22 am
Please refer to this post for redemption procedure, 1000 ltc2nxt3 assets at a time (10 day period)

https://nxtforum.org/asset-exchange-general/ltc2nxt3-rises/msg158045/#msg158045
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: martismartis on March 04, 2015, 06:22:59 am
Please refer to this post for redemption procedure, 1000 ltc2nxt3 assets at a time (10 day period)

https://nxtforum.org/asset-exchange-general/ltc2nxt3-rises/msg158045/#msg158045

Isn't it too late? Your post also says "Further announcement will be made in March 2015 if no payments are received from ltcgear over the next 4 weeks."
Title: Re: options for ltc2nxt3 asset holders
Post by: valarmg on March 04, 2015, 11:26:52 am
Please refer to this post for redemption procedure, 1000 ltc2nxt3 assets at a time (10 day period)

https://nxtforum.org/asset-exchange-general/ltc2nxt3-rises/msg158045/#msg158045

The cutoff for this redemption period is Jan 15, 2015.

Further announcement will be made in March 2015 if no payments are received from ltcgear over the next 4 weeks.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: martismartis on March 04, 2015, 11:39:42 am
ltc2nXt3 :: Your NXT is protected

Asset ID: 7658325674657936242 (https://trade.secureae.com/#7658325674657936242)

Website: http://ltc2nxt3.ihash.biz

Description:
....................

For example in 4 weeks time, lets say ltc2nXt3 investors have received dividends of about 10 NXT and ltcgear disappears then ltc2nXt3 asset holders will be entitled to 15 NXT payment , as per my guarantee.
....................
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on March 04, 2015, 04:42:30 pm
Asset holders are sending there assets for redemption and receiving SUPERNET and NXTVENTURE.

I will continue to redeem max 1000 ltc2nxt3 for assets holders every 10 days as long as I have corresponding Supernet and Nxtventure in my account.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: martismartis on March 04, 2015, 04:54:02 pm
Asset holders are sending there assets for redemption and receiving SUPERNET and NXTVENTURE.

I will continue to redeem max 1000 ltc2nxt3 for assets holders every 10 days as long as I have corresponding Supernet and Nxtventure in my account.

So we can state, that there is no promised 100% guarantee?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: georgelincoln on March 04, 2015, 04:58:37 pm
Asset holders are sending there assets for redemption and receiving SUPERNET and NXTVENTURE.

I will continue to redeem max 1000 ltc2nxt3 for assets holders every 10 days as long as I have corresponding Supernet and Nxtventure in my account.

So we can state, that there is no promised 100% guarantee?

Looks like it. There are no 'Suprises on the upside!!!' either apparently.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Djinou94 on March 11, 2015, 03:32:13 am
Asset holders are sending there assets for redemption and receiving SUPERNET and NXTVENTURE.

I will continue to redeem max 1000 ltc2nxt3 for assets holders every 10 days as long as I have corresponding Supernet and Nxtventure in my account.

I have 350 ltc2nxt3
If i undestand i need to send them to this address right? NXT-5FJE-ZUVA-4YQM-B538L
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on March 11, 2015, 03:32:31 pm
yes, please send them to NXT-5FJE-ZUVA-4YQM-B538L and drop me a pm.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: whatnxt on March 14, 2015, 07:51:51 am
Thanks for the exchange Satoshi.
Worked like a charm:)

Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Djinou94 on March 15, 2015, 03:48:48 am
I have been refund by Satoshi
I do not regret having invested to this asset
Title: there is still HOPE
Post by: satoshi on March 15, 2015, 03:32:52 pm

Thank you everyone for your kind words and support.  I have used up almost all of SuperNet and NxtVenture assets for redemption purposes.

Believe it or not, I am still a believer.

I think chances of a ltcgear payment is more than 50%

If there is a payment from ltcgear, dividends will be distributed soon, if no payment is received, I will provide exit strategy for remaining ltc2nxt3 assets by Mid April.

(http://i.imgur.com/Vyb4rZt.png)
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: kyma on March 18, 2015, 02:53:18 am
thanks for everything... now that ltcgear is looking (almost) back to normal I don't have any ltc2nXt3 left  X-)
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: peterpanda on March 18, 2015, 12:45:15 pm
thanks for everything... now that ltcgear is looking (almost) back to normal I don't have any ltc2nXt3 left  X-)
it is "under upgrade" again
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: FRogers on March 24, 2015, 05:24:45 pm
Not serious.

ltc2nXt3   31/12/2014 02:14:54   65   15.99   1'039.35

Yesterday, I have sell them

ltc2nXt3   23/03/2015 19:23:30   65   7.1   461.5

I have lost 577,85 NXT.

I can wait one month, 2 month but after 3 months nothing new. Sorry !
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on March 25, 2015, 03:48:59 am
Asset redemption phase is complete, currently there are no more assets to redeem.

Hopefully ltcgear payments will come soon, in case of no payments, for remaining asset holders exit strategy will be announced on April 15th.

Thanks
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: neca on March 26, 2015, 10:45:15 am
Hello
 How redemption my 10 LTCshare2g it was buy 1000NXT   no  was dividents
                             10 LTC2nxt2  it was buy 250 NXT.     no was dividents too.
Please sent me answer.

Thank you

bye
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: 8 on March 26, 2015, 11:28:31 am
Hello
 How redemption my 10 LTCshare2g it was buy 1000NXT   no  was dividents
                             10 LTC2nxt2  it was buy 250 NXT.     no was dividents too.
Please sent me answer.

Thank you

bye
dont you know ltcgear.com stop paying mining reward? How can you expect the assets issuers pay dividend to you? It is not the question of how much you paid for it!
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: neca on March 26, 2015, 03:18:50 pm
I dont undertand you.
satoshi send that LTcgear redemption.
And I say how redemptin me LTCgear.
Me englich is little mayby sory.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: valarmg on March 26, 2015, 03:23:03 pm
I dont undertand you.
satoshi send that LTcgear redemption.
And I say how redemptin me LTCgear.
Me englich is little mayby sory.

Nothing from LTCgear. They aren't paying.

The redemption mentioned was a buyback of ltc2nxt3 by satoshi. This is over. (Nothing to do with LTCgear paying)

Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: neca on March 26, 2015, 04:57:25 pm
Ok
I transalte it thank you . This is the other instrument. Ok
Bye
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: xivba on April 17, 2015, 04:45:35 pm
A small update from a guy Reini who allegedly visited Chris in Romania.
I do not want to create any hope, so take it as you wish.
https://forum.gethashing.com/t/not-paying-ltcgear-discussions/2031/828
https://litecointalk.org/index.php?topic=25260.msg263755#msg263755
Title: situation with ltcgear.com
Post by: satoshi on April 26, 2015, 05:25:20 am
The fact of the matter is that the situation is looking grim.

Although the website is being updated with a weekly expected payout (which translates to obligation from the owner of ltcgear.com) also there are several people at litecointalk.org who are holding on to a glimmer of hope.....

I have successfully redeemed close to 22,000 ltc2nxt3 shares to asset holds (44% of all ltc2nxt3 in existence).
For remaining ltc2nxt3 assets redemption, I would need to buyback from my own pocket which will be a much longer process.

As a first step, I would like to offer redemption for small asset holders, if you own less than 100 ltc2nxt3, purchased directly from asset issuer. Please pm me by May 31st, you will receive your payout @ 15 NXT per ltc2nxt3 by June 15.

Towards the end of May, I will make next announcement for next phase of ltc2nxt3 redemption.

Thanks

 
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: 8 on April 27, 2015, 09:18:24 am
The fact of the matter is that the situation is looking grim.

Although the website is being updated with a weekly expected payout (which translates to obligation from the owner of ltcgear.com) also there are several people at litecointalk.org who are holding on to a glimmer of hope.....

I have successfully redeemed close to 22,000 ltc2nxt3 shares to asset holds (44% of all ltc2nxt3 in existence).
For remaining ltc2nxt3 assets redemption, I would need to buyback from my own pocket which will be a much longer process.

As a first step, I would like to offer redemption for small asset holders, if you own less than 100 ltc2nxt3, purchased directly from asset issuer. Please pm me by May 31st, you will receive your payout @ 15 NXT per ltc2nxt3 by June 15.

Towards the end of May, I will make next announcement for next phase of ltc2nxt3 redemption.

Thanks

 
I bought some shares under 100 ltc2nxt3 from others! Can I redeem it?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: Terminator on April 27, 2015, 10:34:18 am
The fact of the matter is that the situation is looking grim.

Although the website is being updated with a weekly expected payout (which translates to obligation from the owner of ltcgear.com) also there are several people at litecointalk.org who are holding on to a glimmer of hope.....

I have successfully redeemed close to 22,000 ltc2nxt3 shares to asset holds (44% of all ltc2nxt3 in existence).
For remaining ltc2nxt3 assets redemption, I would need to buyback from my own pocket which will be a much longer process.

As a first step, I would like to offer redemption for small asset holders, if you own less than 100 ltc2nxt3, purchased directly from asset issuer. Please pm me by May 31st, you will receive your payout @ 15 NXT per ltc2nxt3 by June 15.

Towards the end of May, I will make next announcement for next phase of ltc2nxt3 redemption.

Thanks

 
I bought some shares under 100 ltc2nxt3 from others! Can I redeem it?

I guess it should be no problem, right? On the other hand why isn't Satoshi buying his own asset for 11 now? To pay 15 in a month?
I am sorry to say that, but I have little trust left for Satoshi. He sold this asset in a day or two. People trusted him, and this is how he insured it: he pays 15 out of 20 and to small investors only. The rest can go someplaceelse.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on April 29, 2015, 02:30:10 pm
In the next phase most likely the next redemption period in June.

First all small investors will be taken care of and then I will proceed to medium and bigger investor.

I am sorry things fell apart at ltcgear so fast (after ltc2nxt3 launch), but life goes on, we need to find a way forward.



I bought some shares under 100 ltc2nxt3 from others! Can I redeem it?
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: kimmel on April 29, 2015, 05:23:15 pm
hi there,

I have around 210 ltc2nxt3; will you put up a buywall or...?

thanks!
Title: Re: ltc2nXt3 ::account cleared
Post by: satoshi on June 11, 2015, 06:16:40 am
There is a still sliver of hope
finally ltc2nxt3 account has cleared.
(http://i.imgur.com/CrzC2r4.png)

 still waiting for detailed update from ltcgear.com, currently the account owes 85 BTC, hopefully we can receive our payments after deduction instead of upfront payment.
I will update once again when there is a detailed update from ltcgear

same applies for ltc2nxt and ltc2nxt2. I will start updating each thread separately when I start receiving payments from ltcgear and I restart distributing regular NXT dividends.
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: duluth on September 11, 2015, 06:48:57 am
Bump!
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: futurist on September 11, 2015, 06:56:38 am
Dump!
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: duluth on September 11, 2015, 08:42:22 am
 ;D
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: 8 on September 11, 2015, 01:10:37 pm
What is point of bumping here? Are you still hoping? I have lost patience!
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: duluth on September 11, 2015, 01:44:03 pm

But in .00001% scenario where ltcgear disappears and stop paying its dividends, I will payback the ltc2nXt3 investors from my own pocket to protect their initial investment.


^
Well, this...
Title: Re: ltc2nXt3 ::241000 NXT :: 4.82 NXT :: 19.28% returned in 2 weeks
Post by: satoshi on September 13, 2015, 03:37:08 am
its sad but true. ltcgear proved to be bigger scam than anyone anticipated. We didn't even get paid for one full week after ltc2nxt3

.00001 % has become the reality. I still managed to redeem more than 60% of this asset using my personal resources. My personal finances are currently depleted. I still plan to redeem the remaining assets but I need some more time. Consider me on a leave of absence for next few months.

I 'll be back....

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