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[ANN] NXTinspect - the first CryptoAudit service
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printshop

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #240 on: February 05, 2016, 04:32:44 pm »


What you need to worry about today is the fact that NXTinspect has horrible shareholder communication, and has essentially failed in it's mandate to protect the community from fraud. If you really care about this community, you are going to need to take a second look and determine what NXTinspect is really bringing to the table here.


Which NXTi assets have subsequently proved fraudulent?

I don't have a list. But I didn't say that NXTi assets have proven fraudulent. I said they have failed to protect the community from fraud, which is why NXTi (and KNS) were both established a couple of years ago. Yet still, today, if you look around on the asset exchange, essentially 95% of the issues you see are frauds.

KNS also failed to protect the community from fraud. But for a different reason. While we issued many alerts most of what we said was ignored by the community, attacked by people who should have known much better, or even censored by board admins trying to keep the peace. But just ask yourself where companies like DRONEMINE and ACH are today to get a picture of where we were coming from back then. It's a real shame that the community didn't support the only ratings agency which had the guts to call a pig a pig.

The time for a ratings body may come again and if it does I don't know if I will care enough to step forward again. NXT didn't turn out to be the next big thing and while I still love the ideas here I must admit that things aren't looking too well. The level of fraud and incompetence (one or both) extends all the way to the top in this community. It's a shame but it's hardly worth it.

Basically the only way to clean things up around here is to become a major player and force the change via economic means, or to have the board admin's support. Without occupying one of those positions the fraudsters will remain able to pull the strings around here.

Let me know if you think it's time for a change.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #241 on: February 05, 2016, 04:41:54 pm »


What you need to worry about today is the fact that NXTinspect has horrible shareholder communication, and has essentially failed in it's mandate to protect the community from fraud. If you really care about this community, you are going to need to take a second look and determine what NXTinspect is really bringing to the table here.


Which NXTi assets have subsequently proved fraudulent?

I don't have a list. But I didn't say that NXTi assets have proven fraudulent. I said they have failed to protect the community from fraud, which is why NXTi (and KNS) were both established a couple of years ago. Yet still, today, if you look around on the asset exchange, essentially 95% of the issues you see are frauds.

KNS also failed to protect the community from fraud. But for a different reason. While we issued many alerts most of what we said was ignored by the community, attacked by people who should have known much better, or even censored by board admins trying to keep the peace. But just ask yourself where companies like DRONEMINE and ACH are today to get a picture of where we were coming from back then. It's a real shame that the community didn't support the only ratings agency which had the guts to call a pig a pig.

The time for a ratings body may come again and if it does I don't know if I will care enough to step forward again. NXT didn't turn out to be the next big thing and while I still love the ideas here I must admit that things aren't looking too well. The level of fraud and incompetence (one or both) extends all the way to the top in this community. It's a shame but it's hardly worth it.

Basically the only way to clean things up around here is to become a major player and force the change via economic means, or to have the board admin's support. Without occupying one of those positions the fraudsters will remain able to pull the strings around here.

Let me know if you think it's time for a change.

NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #242 on: February 05, 2016, 05:23:45 pm »

NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.

It's very easy to take a look at a business and determine if it has any sort of future. VCs like myself do it all the time and we make money doing it. Why then can the average investor not? It's simple; investigating a business in this way is non-intuitive (not: non-trivial). Actually the investigation itself, bemusingly enough, often is trivial. This is why NXTi failed at protecting the community. They wanted to do things the hard way. They weren't interested in listening to people with experience.

To give a concrete example of just how non-intuitive this kind of work is, I will point out that no one has blamed (I didn't blame) NXTi for the fraud. I said that it did nothing to prevent it, which was the whole point of this exercise. Even things being plainly stated are often overlooked by the casual investor. Learning to recognize attempts to prevent this sort of misunderstanding from arising in prospective investors is the lion's share of what it takes to do this kind of work.

The goal of NXTinspect was to allow people to invest with a reasonable margin of safety. There were several long discussions a year and a half ago about it. But as these things go, the bus stops for a few minutes at the bus stop and if you do not board when it is there, then it is gone.
« Last Edit: February 05, 2016, 05:34:46 pm by printshop »
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Cassius

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #243 on: February 05, 2016, 07:38:08 pm »

NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.

It's very easy to take a look at a business and determine if it has any sort of future. VCs like myself do it all the time and we make money doing it. Why then can the average investor not? It's simple; investigating a business in this way is non-intuitive (not: non-trivial). Actually the investigation itself, bemusingly enough, often is trivial. This is why NXTi failed at protecting the community. They wanted to do things the hard way. They weren't interested in listening to people with experience.

To give a concrete example of just how non-intuitive this kind of work is, I will point out that no one has blamed (I didn't blame) NXTi for the fraud. I said that it did nothing to prevent it, which was the whole point of this exercise. Even things being plainly stated are often overlooked by the casual investor. Learning to recognize attempts to prevent this sort of misunderstanding from arising in prospective investors is the lion's share of what it takes to do this kind of work.

The goal of NXTinspect was to allow people to invest with a reasonable margin of safety. There were several long discussions a year and a half ago about it. But as these things go, the bus stops for a few minutes at the bus stop and if you do not board when it is there, then it is gone.

This is just a series of non sequiturs. It seems you are projecting something onto NXTi that they never promised, and then getting upset with them for not delivering it.
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printshop

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #244 on: February 06, 2016, 10:40:12 am »

NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.

It's very easy to take a look at a business and determine if it has any sort of future. VCs like myself do it all the time and we make money doing it. Why then can the average investor not? It's simple; investigating a business in this way is non-intuitive (not: non-trivial). Actually the investigation itself, bemusingly enough, often is trivial. This is why NXTi failed at protecting the community. They wanted to do things the hard way. They weren't interested in listening to people with experience.

To give a concrete example of just how non-intuitive this kind of work is, I will point out that no one has blamed (I didn't blame) NXTi for the fraud. I said that it did nothing to prevent it, which was the whole point of this exercise. Even things being plainly stated are often overlooked by the casual investor. Learning to recognize attempts to prevent this sort of misunderstanding from arising in prospective investors is the lion's share of what it takes to do this kind of work.

The goal of NXTinspect was to allow people to invest with a reasonable margin of safety. There were several long discussions a year and a half ago about it. But as these things go, the bus stops for a few minutes at the bus stop and if you do not board when it is there, then it is gone.

This is just a series of non sequiturs. It seems you are projecting something onto NXTi that they never promised, and then getting upset with them for not delivering it.

Not at all. History is written by the victors. The only important question here is if you care about NXT and the community. It's one thing to be here to make money. I get that. And no one said you had to lose money to support NXT. But if you're here in a greedy capacity you will not weather the storm.

If what I say sounds like non-sequiturs, then you don't know enough about what is going on behind the scenes to understand what I said. So go back to the original question. Do you care about NXT? Do you want it to succeed? Then there is a way forward, if you are able to follow it.

Cassius

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #245 on: February 06, 2016, 12:19:09 pm »

NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.

It's very easy to take a look at a business and determine if it has any sort of future. VCs like myself do it all the time and we make money doing it. Why then can the average investor not? It's simple; investigating a business in this way is non-intuitive (not: non-trivial). Actually the investigation itself, bemusingly enough, often is trivial. This is why NXTi failed at protecting the community. They wanted to do things the hard way. They weren't interested in listening to people with experience.

To give a concrete example of just how non-intuitive this kind of work is, I will point out that no one has blamed (I didn't blame) NXTi for the fraud. I said that it did nothing to prevent it, which was the whole point of this exercise. Even things being plainly stated are often overlooked by the casual investor. Learning to recognize attempts to prevent this sort of misunderstanding from arising in prospective investors is the lion's share of what it takes to do this kind of work.

The goal of NXTinspect was to allow people to invest with a reasonable margin of safety. There were several long discussions a year and a half ago about it. But as these things go, the bus stops for a few minutes at the bus stop and if you do not board when it is there, then it is gone.

This is just a series of non sequiturs. It seems you are projecting something onto NXTi that they never promised, and then getting upset with them for not delivering it.

Not at all. History is written by the victors. The only important question here is if you care about NXT and the community. It's one thing to be here to make money. I get that. And no one said you had to lose money to support NXT. But if you're here in a greedy capacity you will not weather the storm.

If what I say sounds like non-sequiturs, then you don't know enough about what is going on behind the scenes to understand what I said. So go back to the original question. Do you care about NXT? Do you want it to succeed? Then there is a way forward, if you are able to follow it.

Well, let's see.
I've been around in Nxt for almost 2 years, worked (paid and unpaid) on a huge range of explanatory and marketing materials with a large number of individuals and businesses, built up a reasonable stake in NXT myself, sat through a brutal bear market, helped launch a couple of successful revenue-generating assets, and written literally millions of words about crypto more generally in the course of my day-to-day work. And yourself?
Since you're clearly smarter than everyone else on the forum, you can figure out for yourself why I'm here. Perhaps while you're at it you could let the rest of us know the details of the great conspiracy that runs to the top of Nxt. And also where the top is. Ideally without the fortune-cookie crap.
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cryptoscout

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #246 on: February 06, 2016, 02:07:43 pm »

@Cassius  Never seen this side of you Before....


What conspiracy to tople NXT lol what is this??

for NXT to fall down it will be done from within not from the outside.


NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.

It's very easy to take a look at a business and determine if it has any sort of future. VCs like myself do it all the time and we make money doing it. Why then can the average investor not? It's simple; investigating a business in this way is non-intuitive (not: non-trivial). Actually the investigation itself, bemusingly enough, often is trivial. This is why NXTi failed at protecting the community. They wanted to do things the hard way. They weren't interested in listening to people with experience.

To give a concrete example of just how non-intuitive this kind of work is, I will point out that no one has blamed (I didn't blame) NXTi for the fraud. I said that it did nothing to prevent it, which was the whole point of this exercise. Even things being plainly stated are often overlooked by the casual investor. Learning to recognize attempts to prevent this sort of misunderstanding from arising in prospective investors is the lion's share of what it takes to do this kind of work.

The goal of NXTinspect was to allow people to invest with a reasonable margin of safety. There were several long discussions a year and a half ago about it. But as these things go, the bus stops for a few minutes at the bus stop and if you do not board when it is there, then it is gone.

This is just a series of non sequiturs. It seems you are projecting something onto NXTi that they never promised, and then getting upset with them for not delivering it.

Not at all. History is written by the victors. The only important question here is if you care about NXT and the community. It's one thing to be here to make money. I get that. And no one said you had to lose money to support NXT. But if you're here in a greedy capacity you will not weather the storm.

If what I say sounds like non-sequiturs, then you don't know enough about what is going on behind the scenes to understand what I said. So go back to the original question. Do you care about NXT? Do you want it to succeed? Then there is a way forward, if you are able to follow it.

Well, let's see.
I've been around in Nxt for almost 2 years, worked (paid and unpaid) on a huge range of explanatory and marketing materials with a large number of individuals and businesses, built up a reasonable stake in NXT myself, sat through a brutal bear market, helped launch a couple of successful revenue-generating assets, and written literally millions of words about crypto more generally in the course of my day-to-day work. And yourself?
Since you're clearly smarter than everyone else on the forum, you can figure out for yourself why I'm here. Perhaps while you're at it you could let the rest of us know the details of the great conspiracy that runs to the top of Nxt. And also where the top is. Ideally without the fortune-cookie crap.
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Cassius

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #247 on: February 06, 2016, 02:22:00 pm »

@Cassius  Never seen this side of you Before....


I have limited patience for narcissistic time-wasters who accuse all and sundry of incompetence and dishonesty based on faulty assumptions of what they are trying to achieve.

Quote
What conspiracy to tople NXT lol what is this??

for NXT to fall down it will be done from within not from the outside.

You're going to have to ask printshop. Apparently there has been fraud and incompetence in Nxt (no one's arguing about that) that go 'right to the top' (which doesn't make a lot of sense). Feel free to take it up with him.

NXTi doesn't work like that. It takes a lot of time and effort, and cooperation, to establish whether an asset issuer is legit. NXTi isn't going to try (inevitably unsuccessfully) to check every asset issuer personally. If an asset owner wants legitimacy from NXTi, they work with them and provide the material required to establish that. Blaming NXTi for the fraud that exists in the overall Nxt ecosystem (and phrases like 'to the top' don't make a lot of sense in a community like this; who is at the top?!) is a like blaming your personal doctor for not protecting the health of the overall country. Not possible, not their responsibility, not what they said they'd do.

It's very easy to take a look at a business and determine if it has any sort of future. VCs like myself do it all the time and we make money doing it. Why then can the average investor not? It's simple; investigating a business in this way is non-intuitive (not: non-trivial). Actually the investigation itself, bemusingly enough, often is trivial. This is why NXTi failed at protecting the community. They wanted to do things the hard way. They weren't interested in listening to people with experience.

To give a concrete example of just how non-intuitive this kind of work is, I will point out that no one has blamed (I didn't blame) NXTi for the fraud. I said that it did nothing to prevent it, which was the whole point of this exercise. Even things being plainly stated are often overlooked by the casual investor. Learning to recognize attempts to prevent this sort of misunderstanding from arising in prospective investors is the lion's share of what it takes to do this kind of work.

The goal of NXTinspect was to allow people to invest with a reasonable margin of safety. There were several long discussions a year and a half ago about it. But as these things go, the bus stops for a few minutes at the bus stop and if you do not board when it is there, then it is gone.

This is just a series of non sequiturs. It seems you are projecting something onto NXTi that they never promised, and then getting upset with them for not delivering it.

Not at all. History is written by the victors. The only important question here is if you care about NXT and the community. It's one thing to be here to make money. I get that. And no one said you had to lose money to support NXT. But if you're here in a greedy capacity you will not weather the storm.

If what I say sounds like non-sequiturs, then you don't know enough about what is going on behind the scenes to understand what I said. So go back to the original question. Do you care about NXT? Do you want it to succeed? Then there is a way forward, if you are able to follow it.

Well, let's see.
I've been around in Nxt for almost 2 years, worked (paid and unpaid) on a huge range of explanatory and marketing materials with a large number of individuals and businesses, built up a reasonable stake in NXT myself, sat through a brutal bear market, helped launch a couple of successful revenue-generating assets, and written literally millions of words about crypto more generally in the course of my day-to-day work. And yourself?
Since you're clearly smarter than everyone else on the forum, you can figure out for yourself why I'm here. Perhaps while you're at it you could let the rest of us know the details of the great conspiracy that runs to the top of Nxt. And also where the top is. Ideally without the fortune-cookie crap.
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printshop

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #248 on: February 07, 2016, 04:48:10 am »

You're going to have to ask printshop. Apparently there has been fraud and incompetence in Nxt (no one's arguing about that) that go 'right to the top' (which doesn't make a lot of sense). Feel free to take it up with him.

You're right no one is arguing that there is fraud and incompetence. I was there from day 1 on the NXTinspect/KNS threads too. So please don't get into "erroneous assumptions". I run a straight-up business and my performance (as well as NXTi's) speaks for itself.

I mean, we could always bring back NXTNEWS, but is it really worth it? What's the AE volume these days? $15k a month? Is that really worth anyone's time?

How would you like to see that go up an order of magnitude? If I bring back KNS/nxtnews or NXTi actually succeeds in it's original mandate, that will happen. Until then, the failure of the community's anti-fraud efforts was the de-facto death knell of the currency, and the community.

If you are going to respond please try to be constructive, because you are right so far this thread has been a waste of everyone's time.
« Last Edit: February 07, 2016, 04:59:44 am by printshop »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #249 on: February 07, 2016, 08:50:31 am »


If you are going to respond please try to be constructive, because you are right so far this thread has been a waste of everyone's time.

Nope, I'm out. Sorry, people - I should have read the rest of the thread first rather than taking printshop at face value. I just discovered a little later than most that it's not worth the trouble. When the most appropriate response is a facepalm meme you know it's time to call it a day.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #250 on: February 07, 2016, 10:35:03 pm »


If you are going to respond please try to be constructive, because you are right so far this thread has been a waste of everyone's time.

Nope, I'm out. Sorry, people - I should have read the rest of the thread first rather than taking printshop at face value. I just discovered a little later than most that it's not worth the trouble. When the most appropriate response is a facepalm meme you know it's time to call it a day.

This is what happens to people's integrity when they are led down the garden path of vaporware promises versus investing in the real deal. KNS pays out more in dividends than NXTi even makes and has appreciated +100%. It's been a year and a half now. We've long passed the point of paying out more than we have taken in. That gives me more credibility than you and whale put together. And no -- I am not talking about E9, your failed fund. I'm talking about in general.

I still think there's some good in you Cassius. Contact me privately if you want in on the real deal.

cryptoscout

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #251 on: February 08, 2016, 09:57:04 pm »



@Cassius you got those boots for the Wild wild Wwwest RRREEEEAAALLLLL DEAL


If you are going to respond please try to be constructive, because you are right so far this thread has been a waste of everyone's time.

Nope, I'm out. Sorry, people - I should have read the rest of the thread first rather than taking printshop at face value. I just discovered a little later than most that it's not worth the trouble. When the most appropriate response is a facepalm meme you know it's time to call it a day.

This is what happens to people's integrity when they are led down the garden path of vaporware promises versus investing in the real deal. KNS pays out more in dividends than NXTi even makes and has appreciated +100%. It's been a year and a half now. We've long passed the point of paying out more than we have taken in. That gives me more credibility than you and whale put together. And no -- I am not talking about E9, your failed fund. I'm talking about in general.

I still think there's some good in you Cassius. Contact me privately if you want in on the real deal.
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