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[ANN] NXTinspect - the first CryptoAudit service singapore
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chanc3r

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[ANN] NXTinspect - the first CryptoAudit service
« on: September 29, 2014, 10:02:30 pm »

NXTInspect

Asset ID: 14273984620270850703

Account Number: NXT-QUUE-9M9E-TRC5-24Q2M

Most Recent Updates are here

This asset is represents the right to bonuses paid due to the activities of NXTinspect, this Asset provides a level of due diligence on offerings on the NXT AE and (in future) other decentralised exchanges in order to enable investors to make safer and wiser decisions on where to invest their NXT.

The NXTinspect Team (currently) consists of the following established NXT Forum Members;

whale
jefdisel
chanc3r

The services which will be offered and monetised by the Team are;

Due Diligence on Assets Issuers
Individual Consultations/Research Work
Escrow Services

We intend this to be a very low overhead activity and establish a service that NXTers can rely on, therefore we are issuing 1,000,000 assets @1NXT of which 40% have been allocated to the development / analysis team, 30% are being sold in an initial fund raiser with 30% in reserve to be sold to enable further scale and growth.

Any revenue from the above activities will be distributed according to the assets in circulation ie not owned by the issuing account, the revenue is paid on a bearer basis and will be distributed to NXT accounts in proportion to their holding at the block time set for the dividend payment.

Update 27/10/2014:

IPO Funds:

300k sold @ 1 NXT - of that 210k NXT distributed.

Whale 200,000 assets + 70k NXT
Chanc3r 100,000 assets + 70k NXT
jeffdiesel 100,000 assets + 70k NXT

Post IPO funds:

Further 50k sold @ 5NXT to ensure price stabilisation during NXTventure distribution - funds raised remain in issuing account.
A few shares were distributed so update '0' NXTventure dividends to '1' share so the balance of 249,943 reflects this.
« Last Edit: November 18, 2015, 12:57:27 pm by chanc3r »
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cobaltskky

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #1 on: September 30, 2014, 01:07:22 am »

Congrats!  Looks like two speculative investors gobbled up 30% of your organization. lol
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #2 on: September 30, 2014, 02:00:19 am »

I didn't even have time to blink! We're going to start creating value for NXTinspect and then do a second offering down the track. First round of reviews are underway.

If you own a NXT Asset, please contact us.
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hisun

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #3 on: September 30, 2014, 02:53:45 am »

I'm late?
This is a conspiracy.
An account to buy 250,000,
other people can not buy.
What significance release on AE?
Let us take over the high price?
« Last Edit: September 30, 2014, 03:10:21 am by hisun »
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RAlex

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #4 on: September 30, 2014, 03:15:51 am »

Congrats!  Looks like two speculative investors gobbled up 30% of your organization. lol

James took the first bunch, I was lucky enough to get the second one. I will remove 50 sell order when I get back from work. Not selling after that. Highly doubt James will sell any at all.
I think you will all agree, IPO should have being 10 or 20 times higher with people behind this project.

RAlex
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hisun

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #5 on: September 30, 2014, 03:25:35 am »

Dreaming.
NXTinspect no value,
 nor any substantive work,
 all foam.
Sleight of hand tricks.
CoinEvolve is the best example.
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #6 on: September 30, 2014, 03:36:18 am »

I'm late?
This is a conspiracy.
An account to buy 250,000,
other people can not buy.
What significance release on AE?
Let us take over the high price?

I understand that this can be frustrating. We didn't want to start with a high marketcap as we want to prove ourselves first and the best way to do this is through actions. Unfortunately, this allowed two individuals to take the entire lot. I'm hoping that we can bring just as much value to those who invest in the second offering.

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RAlex

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #7 on: September 30, 2014, 03:38:26 am »

The team still has 300k reserved for sale, so my guess is everyone else has the chance to buy some in the future, as to no value, only time will tell. As of now, the value is 1NXT.
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colin012

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #8 on: September 30, 2014, 04:05:12 am »

Well, I just signed up to have my assets audited. ALL OF THEM!
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dmzj4812

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #9 on: September 30, 2014, 05:05:35 am »

It's a pity that we lost the chance to buy! Although I very want to buy, but now looks like this has become the other people's money machine, because we have to buy less than 1 NXT shares, the shares were NXTventure and NXT - G6PX - FNQ6-9 j3r - 96 j4c carve up! I think this is really not conducive to the development of the assets, everyone else is doing the two flange, they can easily profit! It's not fair!
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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #10 on: September 30, 2014, 05:56:21 am »

How will revenue be gained?
« Last Edit: September 30, 2014, 08:10:33 am by Abraxas 147 »
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Breasal

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #11 on: September 30, 2014, 08:24:37 am »

Wok up this morning...lightyears behind a chance to support this offering. Put in a buy order at 1 NXT, when do you plan to offer the next 300K?
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Zahlen

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #12 on: September 30, 2014, 08:39:06 am »

Another IPO I missed :( Thanks for starting this service, I'm spending wayyyy too much time lately reading up on things being offered.

Very interested in your second offering.

(Now I'm tempted to buy into some of James' assets. If you can't beat em...)
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salsacz

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #13 on: September 30, 2014, 08:53:55 am »

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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #14 on: September 30, 2014, 09:04:25 am »

will jefdiesel say anything about this project and why it's not released? https://nxtforum.org/completed-applications/(mc)-creating-promo-of-ae-via-promo-of-wesleys-client-270/msg109632/#msg109632

He can say that in the other thread by all means - this thread is about NXTinspect.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #15 on: September 30, 2014, 09:07:24 am »


I understand that this can be frustrating. We didn't want to start with a high marketcap as we want to prove ourselves first and the best way to do this is through actions. Unfortunately, this allowed two individuals to take the entire lot. I'm hoping that we can bring just as much value to those who invest in the second offering.

I agree with Whale and I'm sorry I posted the sell order in one chunk and we just didn't think that there would be that much interest, clearly there was... We won't put the second offering out yet and when we do will try to figure out a way of ensuring more people can get an opportunity to purchase the assets.
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RAlex

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #16 on: September 30, 2014, 10:41:47 am »

It's a pity that we lost the chance to buy! Although I very want to buy, but now looks like this has become the other people's money machine, because we have to buy less than 1 NXT shares, the shares were NXTventure and NXT - G6PX - FNQ6-9 j3r - 96 j4c carve up! I think this is really not conducive to the development of the assets, everyone else is doing the two flange, they can easily profit! It's not fair!

I don't think it is very constructive to blame others for missed opportunity. I was expecting ForgeCoin with some funds, but this looked like much better choice at the time. Should I be blamed for grabbing luck by its arss? In that case a lot of people here should be blamed too. Maybe you think I should have bought just enough and let others buy, not communist, sorry. Asset was for sale on AE for 1.12 hours when I found ann post, a lot of people could fave bought it by that time. It's crypto, nice opportunities here everyday (hour) just be ready to jump in any second.

As to the value of the shares, I will not sell them until last share is sold by the issuer and market establishes it's price. There will be no speculations, no PDs and the rest of the things we all used to. Let's just all be hoping this goes as planned, because no matter who earns what we all desperately need service like this.
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cobaltskky

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #17 on: September 30, 2014, 11:04:43 am »

Well, I just signed up to have my assets audited. ALL OF THEM!

ALL THE ASSETS
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rlh

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #18 on: September 30, 2014, 11:34:55 am »


I understand that this can be frustrating. We didn't want to start with a high marketcap as we want to prove ourselves first and the best way to do this is through actions. Unfortunately, this allowed two individuals to take the entire lot. I'm hoping that we can bring just as much value to those who invest in the second offering.

I agree with Whale and I'm sorry I posted the sell order in one chunk and we just didn't think that there would be that much interest, clearly there was... We won't put the second offering out yet and when we do will try to figure out a way of ensuring more people can get an opportunity to purchase the assets.

This is why the Jinn Labs IPO is a dutch auction.  You could even do this didferent than them and let the market set the value.
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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #19 on: September 30, 2014, 11:48:56 am »

Quote
Revenue from the above activities will be distributed according to the shares in circulation ie not owned by the issuing account.

Sorry for asking again but I think this is an important point for (future) investors: How will you gain revenues? You didn't mention this in your ANN.

BTW: Who will review NXTInspect  ;)
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Tosch110

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #20 on: September 30, 2014, 01:18:11 pm »

Quote
Revenue from the above activities will be distributed according to the shares in circulation ie not owned by the issuing account.
[...]

BTW: Who will review NXTInspect  ;)

I think this must be the user trusting the current reputation of the member. Also, nobody can prevent that a project fails, mismanagement can happen to even the best. A review by any (good if its a subjective trusted) party is if you read it wisely better than no review at all.

rlh

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #21 on: September 30, 2014, 01:28:42 pm »

Quote
Revenue from the above activities will be distributed according to the shares in circulation ie not owned by the issuing account.
BTW: Who will review NXTInspect  ;)

Quasi-related:

http://xkcd.com/250/
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hisun

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #22 on: September 30, 2014, 02:40:59 pm »


Quote
Sorry for asking again but I think this is an important point for (future) investors: How will you gain revenues? You didn't mention this in your ANN.

BTW: Who will review NXTInspect  ;)
This is a good question, how to ensure that your authority and fairness? How your income and dividends are taken into account?
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swartzfeger

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #23 on: October 01, 2014, 04:19:04 am »


Quote
Sorry for asking again but I think this is an important point for (future) investors: How will you gain revenues? You didn't mention this in your ANN.

BTW: Who will review NXTInspect  ;)
This is a good question, how to ensure that your authority and fairness? How your income and dividends are taken into account?

NXTinspect will thrive -- or die -- based on their performance and word of mouth. Trust and reputation are paramount. If there's even a hint of payola or favoritism it would be a disaster.

I'm confident these guys are bullish and long on Nxt and wouldn't jeopardize their reputations for a short-term, short-lived gain.

Regardless, 'fairness' is a fair question to pose. Scrutiny is good (and necessary)!
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #24 on: October 01, 2014, 05:54:43 am »

First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations. 

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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #25 on: October 01, 2014, 07:24:13 am »

Quote
First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations. 

Hi whale, I greatly appreciate your initiative to step in in this kind of business because I think it is really important work for the future of the NXT eco system. And I have no doubt in the reputation and trustworthiness of the team. But in order to do my own judgement on how much I will rely on the results of your reviews  I would like to hear a little more about your business case. Please take it as a constructive critique - but your annotation is very vague in this regard :-).

From the perspective of an user:

- what are the criteria you will check when reviewing a business?
- how will you do due diligence?
- will the companies pay for being reviewed?
- what are your skills/competencies to do this kind of work?

From the perspective of an potential investor:

- how will you earn money (except through the funding of the asset issuance)? - you are planning to pay dividends so there must be some kind of incomming money :-)
- will you pay yourself a kind of wage based on the time you invest in your work?
- what does partnership mean (see above)?

I know that you are doing the very first steps into this exceiting venture and probably not all of this questions can be answered yet. But any piece of (more) information would be appraised :-).

Thanks!



 


 

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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #26 on: October 01, 2014, 07:42:09 am »

First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations.

+1 My involvement in NXT has never been for a quick buck, I want to see NXT successful and fed up with all the scams, as to revenues for this, if the information has value then the revenue streams are there to be had.

This is new and testing the market in terms of services people will pay for which is why a modest asset issue and low start costs while we get those revenues flowing. We will grow the service, revenue and hopefully the team over time, but don't want this to be a boom and bust activity with people feeling they made bad investments etc.

EDIT: Abraxas - we have discussed these items, answers in due cours, as a low cost start up we don't have a marketing department :P
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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #27 on: October 01, 2014, 07:48:25 am »

Thanks, will be patient :-)
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #28 on: October 01, 2014, 11:35:36 am »

Quote
First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations. 

Hi whale, I greatly appreciate your initiative to step in in this kind of business because I think it is really important work for the future of the NXT eco system. And I have no doubt in the reputation and trustworthiness of the team. But in order to do my own judgement on how much I will rely on the results of your reviews  I would like to hear a little more about your business case. Please take it as a constructive critique - but your annotation is very vague in this regard :-).

From the perspective of an user:

- what are the criteria you will check when reviewing a business?
We basically give you all of the information required to make a purchasing decision. You will see the layout on nxtreporting but we're making it easier for investors by giving them an overview of the asset and then we break-down their offering from an investors perspective (ROI etc).

- how will you do due diligence?
We have a professional company handling this for us.

- will the companies pay for being reviewed?
Reviews will be free as they provide content and information.

- what are your skills/competencies to do this kind of work?
Collectively we have years of experience in the cryptocurrency industry. I personally invest in startups which naturally require this kind of work before any deal is finalized. We have all experienced a lot of success running and/ or investing in Nxt assets. Together with our personal experience, we also work with other professionals to ensure quality.

From the perspective of an potential investor:

- how will you earn money (except through the funding of the asset issuance)? - you are planning to pay dividends so there must be some kind of incomming money :-)
Services and subscriptions.

- will you pay yourself a kind of wage based on the time you invest in your work?
We haven't finalized a % but it won't be much.

- what does partnership mean (see above)?
SuperNET = Accounting/ Auditing
NXTreporting = Will implement our reviews and ratings on assets
BOOST = Exclusively use our services before funding startups

This is only the beginning, we are actively talking to businesses. The more individuals, partners and subscriptions we have, the more the asset holders will benefit.

I know that you are doing the very first steps into this exceiting venture and probably not all of this questions can be answered yet. But any piece of (more) information would be appraised :-).

Thanks!

I'm really busy right now but I hope I could answer some of your questions.
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altcoinherald

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #29 on: October 01, 2014, 12:54:13 pm »

Interested in finding out more..

whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #30 on: October 01, 2014, 01:05:10 pm »

Edit
« Last Edit: October 01, 2014, 02:07:46 pm by whale »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #31 on: October 01, 2014, 01:21:17 pm »

I'm late?
This is a conspiracy.
An account to buy 250,000,
other people can not buy.
What significance release on AE?
Let us take over the high price?

I understand that this can be frustrating. We didn't want to start with a high marketcap as we want to prove ourselves first and the best way to do this is through actions. Unfortunately, this allowed two individuals to take the entire lot. I'm hoping that we can bring just as much value to those who invest in the second offering.

What he says is true from a couple of angles. Honestly speaking, you have been asking a lot of questions over on the other thread, which seems to indicate you are unsure of how to execute on a lot of what you have set out to do. Yet you have sold 300,000 NXT worth of shares in the blink of an eye, so the market seems to believe in you. Well, let's see how you do.

I can't help feeling disappointed that you didn't contact me and take up my offer to help. I have considerable experience in this field, I've been informally valuing companies for my own investment needs for more than 20 years. Then again I have my hands full with KPS so who knows what I really could have done anyways. Good luck and I look forward to seeing the report on KPS :>

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #32 on: October 01, 2014, 02:06:51 pm »

Thanks KPS. I wasn't aware that you contacted us but we're a very capable team. Unfortunately we aren't hiring at this time. I think this service was desperately needed in the community, therefore people have shown their support.
« Last Edit: October 01, 2014, 02:10:47 pm by whale »
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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #33 on: October 01, 2014, 02:23:29 pm »

Quote
I'm really busy right now but I hope I could answer some of your questions.

Thanks very much! Your answers help me to get a much better picture of this venture. Would appreciate to have some shares  ;). A surprise dividend via NXTventure and/or SuperNET would be very nice  8)...
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cryptoscout

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #34 on: October 01, 2014, 09:08:51 pm »

Would you be interested in using.? https://s.complyadvantage.com/
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rudeboi

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #35 on: October 01, 2014, 09:57:34 pm »

Very interested, if you are ever interested in recruiting a fully qualified chartered accountant for analysis let me know as I do this for a living,  I was thinking of setting up a similar AE IPO audit business, but don't see any point in competing.
« Last Edit: October 01, 2014, 10:00:47 pm by rudeboi »
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #36 on: October 01, 2014, 10:19:45 pm »

We do have ideas on how to implement but there is no harm in finding out what others think..

We are just busy doing the work with little time to explain, with each explanation driving more questions..

This may sound unfair but I am being honest - we have to prioritise and right now its on 'output'

I recognise people feel left out but I hope if/when this takes off we will be looking for likeminded talent to join and some will be willing to do so.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #37 on: October 02, 2014, 06:42:55 am »

I can see there is a market developing for NXTinspect...

We don't really want a bubble and people unhappy so we have put up a 50k sell wall at 5NXT from the reserve.

We hope to give a good return on this, I clearly can't rate our own shares but right now I would be careful paying more than this if I were investing in such a young start up.
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mikesbmw

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #38 on: October 02, 2014, 09:22:57 am »

Weird, the other topic seems too be removed.

I will ask my questions here:

- You are going too audit all the assets, but don't you think there is a conflict of interest when one of your partners is being audited?
- Who are "whale" and "chanc3r"?

Something you mentioned in the other thread:

- how are you going too give the people with a subscription a 24 hour heads-up in buying new assets?
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cobaltskky

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #39 on: October 02, 2014, 10:58:55 am »

I can see there is a market developing for NXTinspect...

We don't really want a bubble and people unhappy so we have put up a 50k sell wall at 5NXT from the reserve.

We hope to give a good return on this, I clearly can't rate our own shares but right now I would be careful paying more than this if I were investing in such a young start up.

I think the announcement that SuperNET will be offering NXTInspect as dividends has helped. ;)  I'm glad I grabbed 1K at 2.5 when James was selling!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #40 on: October 02, 2014, 11:20:11 am »

I don't think its a good idea for those who issue Assets to own any part of NXTinspect.


Thats just my personal opinion.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #41 on: October 02, 2014, 12:05:26 pm »

I don't think its a good idea for those who issue Assets to own any part of NXTinspect.


Thats just my personal opinion.

I see your point, but I don't quite agree.  Assets can own this asset, however, if someone requests a report of their portfolio, and it's holdings, any asset that holds NXTinspect should have a specially deaignsted line item stating their ownership, and the size of their stake.

In other words, let the asset managers be free to invest in what they see as profitable, but most certainly let the investors know about their involvment so that they can make educated choices.

IMHO, if NXTinspect doesn't do this, it could tarnish the public perspective of the company.  It's not a requirement but it would be VERY good form.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #42 on: October 02, 2014, 12:09:09 pm »

Just require every asset to put in a public disclaimer stating their relationship with the 3guys.

Like this:

The CEO of the asset owns 10% of NXTinspect and is best buddies with Chanc3r and whale.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #43 on: October 02, 2014, 12:12:04 pm »

I don't think its a good idea for those who issue Assets to own any part of NXTinspect.


Thats just my personal opinion.

I see your point, but I don't quite agree.  Assets can own this asset, however, if someone requests a report of their portfolio, and it's holdings, any asset that holds NXTinspect should have a specially deaignsted line item stating their ownership, and the size of their stake.

In other words, let the asset managers be free to invest in what they see as profitable, but most certainly let the investors know about their involvment so that they can make educated choices.

IMHO, if NXTinspect doesn't do this, it could tarnish the public perspective of the company.  It's not a requirement but it would be VERY good form.

Agreed. Basically you're looking for a disclaimer from the author on their personal involvement with the asset?

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hisun

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #44 on: October 02, 2014, 01:46:05 pm »

I am organizing a coalition opposed to 777, 777 issued so many assets, but did not come out any outcome, each asset has no substantial progress, there is no complete progress reports. The existence of 777 large asset bubbles, without any support industrial entities, nor any product delivery.
Should at least give investors a promise, when to complete the product.
Month issued a five assets, what time you can complete these projects do? Have you considered it?

Took the investors' money, buy all nxtinspect, to finally harm the interests of investors. We could 1nxt buy nxtinspect, now 5nxt. 777 took the majority of investors' money, in the end harm the interests of investors. We have to stand up firmly opposed.

Here, I begged a rational view of the majority of investors assets. Why require such a high valuation.

Should we set up a committee of investors, for investors to speak?

Otherwise, the market will not be sustainable.

Please seriously consider, NXT future.
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trollstocker

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #45 on: October 02, 2014, 02:03:48 pm »

Please tell me you're joking!?
Welcome to the decentralized market trading an asset is worth what people are willing to pay for it..and SuperNet is still in Diapers only weeks old..I am very excited as to what is going on here..If you chose not to keep up with all the goings on here,don't complain because you missed the boat on nxtinspect...by the way people are chewing up the 5 wall as we speak
..IMO it is still cheap all you have to do is sit back and think for a minute where it could be in a year from now!
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #46 on: October 02, 2014, 06:29:08 pm »

Been offline all day and just seen you lot ate the 50k buy wall @5 NXT ....
Humbled by the faith some of you have in us but please don't pay silly prices for this it won't make us work harder to make more money to justify the price you paid.
We haven't made any money yet!

re: some of the posts;

On the subject of 'who am i' - I've been around NXT since last December - published my BIO before - look it up.
If you don't trust us, don't invest and don't use the 'paid for' version of the service when we launch.

BTW I don't have any friends when it comes to business so 'best mates' does not apply.

Oh and we don't have ANY partners - thought I would correct that impression!

24h early access to new asset listings was a confused post as stated previously - please wait for the correct information to be published.

Some early clarification points - if a report is paid for by the asset issuer then this will be stated.
if an analyst has a conflict of interest - we will pick another analyst or declare it
if a report is paid for by the asset issuer or another sponsor this will be clear at publication that this is sponsored and how.
if an asset issuer has bought some NXTinspect assets - i don't care it does not buy any special treatment regarding the content of any reports produced.

For example I hold 2.3k super net bought with my own NXT, would I review SuperNET and criticise it if necessary - yes I would - the conflict is if I sell 2.3k assets before I  publish the report.. (and charge a fee for the report)
I could use my skills to decide it was time to get out and not write anything...

I am a founder of DORCSGAMES and in this case I could not be objective in a review, neither could Jeff but I believe whale would not pull any punches...

hopefully this provides some answers.
« Last Edit: October 02, 2014, 06:35:57 pm by chanc3r »
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printshop

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #47 on: October 02, 2014, 06:38:23 pm »

Oh and we don't have ANY partners - thought I would correct that impression!

Thanks for the clarifications, but this one is confusing. Aren't you partering with SuperNET, NXTreporting, and BOOST? Did you exit the partnerships?
« Last Edit: October 02, 2014, 06:40:57 pm by printshop »
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #48 on: October 02, 2014, 07:44:14 pm »

Oh and we don't have ANY partners - thought I would correct that impression!

Thanks for the clarifications, but this one is confusing. Aren't you partering with SuperNET, NXTreporting, and BOOST? Did you exit the partnerships?

Ah I see what you mean now I thought you means partners 'IN" NXTinspect as in 'with influence' - we don't have any of these is what I mean.

These are all 'partners' in the context that they will utilise NXTinspect services and full details of how and what will be disclosed.
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #49 on: October 02, 2014, 07:59:17 pm »

Oh and we don't have ANY partners - thought I would correct that impression!

Thanks for the clarifications, but this one is confusing. Aren't you partering with SuperNET, NXTreporting, and BOOST? Did you exit the partnerships?

We have 'signed' strategic partnerships to provide reports for the above listed.
We expect to issue weekly reports on SuperNet holdings, and are working with NXTreporting to include our information on the asset listing pages on their site.

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cc001

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #50 on: October 02, 2014, 09:37:05 pm »

and are working with NXTreporting to include our information on the asset listing pages on their site.

it will be very cool! ;)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #51 on: October 03, 2014, 12:20:11 am »

Oh and we don't have ANY partners - thought I would correct that impression!

Thanks for the clarifications, but this one is confusing. Aren't you partering with SuperNET, NXTreporting, and BOOST? Did you exit the partnerships?

Ah I see what you mean now I thought you means partners 'IN" NXTinspect as in 'with influence' - we don't have any of these is what I mean.

These are all 'partners' in the context that they will utilise NXTinspect services and full details of how and what will be disclosed.

Partners as in business relationships, not investors. I think you need to clarify this in your post.
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CRServers

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #52 on: October 03, 2014, 01:04:58 am »

I don't think its a good idea for those who issue Assets to own any part of NXTinspect.
Thats just my personal opinion.
This makes sense to me too.
If the purpose of NXTinspect is to provide an unbiased evaluation on assets to the potential investors.
"Credibility" has to be the biggest asset of NXTinspect
IMHO


« Last Edit: October 03, 2014, 01:08:37 am by CRServers »
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nxtfan

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #53 on: October 03, 2014, 03:21:53 am »

Could you please also issue VPNInspect service&asset ?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #54 on: October 03, 2014, 05:53:53 am »


look at this pic,about 90% is Community' asset or james' asset, but community is too small for the world.
The outside world is very exciting, there are too many good projects need financing,those who have a good product but lack of funds,Crowdfunding is a good application in cryptocurrency.
so nxt AE has great potential and NXTinspect will play an important role in the process.
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skywave

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #55 on: October 03, 2014, 07:00:06 am »

can you only buy NXTinspect from the NXT AE - are they also on an external exchange? (when they will become available that is ;) )
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #56 on: October 03, 2014, 07:56:43 am »

can you only buy NXTinspect from the NXT AE - are they also on an external exchange? (when they will become available that is ;) )

because we are on NXT AE then I would hope we will be listed on SecureAE at some point where you can buy with BTC, I will discuss with the guys whether we can get on poloniex or BTER...

tbh i hadn't thought the market cap of NXTinspect would be big enough to warrant this and it may not be.. but SecureAE should definitely be possible.
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spring

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #57 on: October 03, 2014, 08:03:44 am »

I get 3 NXTinspect while my account have 48 superNet, does that mean the proportion is 1:16?
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valarmg

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #58 on: October 03, 2014, 08:21:00 am »

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LibertyNow

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #59 on: October 03, 2014, 01:25:32 pm »

So what's the timeframe on when the first report will be out?
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m30188

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #60 on: October 03, 2014, 09:57:31 pm »

So what's the timeframe on when the first report will be out?
Bump.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #61 on: October 03, 2014, 10:36:02 pm »

So what's the timeframe on when the first report will be out?
Bump.
soon we have some done, just sorting out the publishing mechanism
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #62 on: October 04, 2014, 04:41:07 am »

can you only buy NXTinspect from the NXT AE - are they also on an external exchange? (when they will become available that is ;) )

because we are on NXT AE then I would hope we will be listed on SecureAE at some point where you can buy with BTC, I will discuss with the guys whether we can get on poloniex or BTER...

tbh i hadn't thought the market cap of NXTinspect would be big enough to warrant this and it may not be.. but SecureAE should definitely be possible.


secureae
https://trade.secureae.com/#14273984620270850703
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #63 on: October 04, 2014, 04:58:34 am »

So what's the timeframe on when the first report will be out?
Bump.

Hey m30188,

 We've got quite a few reviews written and have been fine tuning our template and methodology.
We have worked out our blockchain publishing. We're going to use encrypted AM messages to send to our subscribers, and 24 hours later, to NXTreporting for public publishing.
 We were hobbled for a minute by the 1000hex char limit to AMs, but Chanc3r has tightened the JSON down to the bone, so expect concise information, and multiple messages for complicated reports.
 I'm working with cc001 on the GUI too. The new NXTreporting looks so good, we really want to add to the experience.
 We have also started our hunt for interns to help with the data gathering.
 
 Once we get all these connections set up and working, we will list our subscription packages and start rolling out our analysis.

Thanks!
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yin

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #64 on: October 04, 2014, 06:33:40 am »

Kudos guys, this is a welcome development.

I have a query regarding revealing and broadcasting of asset issuers personal identities which it seems NXTinspect will be collecting.
Reasons for not wanting personal identities revealed go way beyond intention to commit fraud.

How is this information going to be protected and what is the opportunity for collateral damage in the event of such leakage, since those
whose personal identity will be collected by NXTinspect will not have knowledge of NXTinspect personas' personal identities, unless it will be provided as well?

Collateral damage seems important for establishing a web of trust and avoid such abuses as seen on Bitcoin Talk Bluemeanie fiasco.

NXTgrid is also going to be rating assets - not for commercial purposes as NXTInspect but solely for quality control on our platform to
provide comfort to people on the open web whom NXTgrid will attract to join the NXT community. We are going for Kickstarter, Indiegogo, RocketHub, Experiment...customers and instead of company equity, we are focused on IP royalty-share - we are figuring our how to use NXT platform ID exclusively
without email, names...where and when we can avoid it. Still figuring out how.

Of course we anticipate that NXTforum.org already collects personal information, where it can, but that's where is must stop...unless volunteered.

Regards.
 
« Last Edit: October 04, 2014, 06:49:51 am by yin »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #65 on: October 04, 2014, 06:35:27 am »

 :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #66 on: October 04, 2014, 06:36:29 am »

deleted...apologies for the multiple posts.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #67 on: October 04, 2014, 06:56:55 am »

Kudos guys, this is a welcome development.

I have a query regarding revealing and broadcasting of asset issuers personal identities which it seems NXTinspect will be collecting.
Reasons for not wanting personal identities revealed go way beyond intention to commit fraud.

How is this information going to be protected and what is the opportunity for collateral damage in the event of such leakage, since those
whose personal identity will be collected by NXTinspect will not have knowledge of NXTinspect personas' personal identities, unless it will be provided as well?

Collateral damage seems important for establishing a web of trust and avoid such abuses as seen on Bitcoin Talk Bluemeanie fiasco.

NXTgrid is also going to be rating assets - not for commercial purposes as NXTInspect but solely for quality control on our platform to
provide comfort to people on the open web whom NXTgrid will attract to join the NXT community. We are going for Kickstarter, Indiegogo, RocketHub, Experiment...customers and instead of company equity, we are focused on IP royalty-share - we are figuring our how to use NXT platform ID exclusively
without email, names...where and when we can avoid it. Still figuring out how.

Of course we anticipate that NXTforum.org already collects personal information, where it can, but that's where is must stop...unless volunteered.

Regards.

We're not asking for personal info. Were asking for tokens at a 3rdparty confirmation site. Ardeva.com is free and seems useful.

We will include an Asset Issuers ardeva score if applicable.  We still won't know their name and ID, but Ardeva claims they will provide this info in the case
Quote
What if the user is a scammer and I need the data for legal purposes?
If you need access to a user's data, you may request it from our Investigation Team. We will review your request, do our own investigation to see if the user has really scammed you or other people, and then disclose the required informations so you can pursue legal actions against him
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yin

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #68 on: October 04, 2014, 07:12:12 am »

Kudos guys, this is a welcome development.

I have a query regarding revealing and broadcasting of asset issuers personal identities which it seems NXTinspect will be collecting.
Reasons for not wanting personal identities revealed go way beyond intention to commit fraud.

How is this information going to be protected and what is the opportunity for collateral damage in the event of such leakage, since those
whose personal identity will be collected by NXTinspect will not have knowledge of NXTinspect personas' personal identities, unless it will be provided as well?

Collateral damage seems important for establishing a web of trust and avoid such abuses as seen on Bitcoin Talk Bluemeanie fiasco.

NXTgrid is also going to be rating assets - not for commercial purposes as NXTInspect but solely for quality control on our platform to
provide comfort to people on the open web whom NXTgrid will attract to join the NXT community. We are going for Kickstarter, Indiegogo, RocketHub, Experiment...customers and instead of company equity, we are focused on IP royalty-share - we are figuring our how to use NXT platform ID exclusively
without email, names...where and when we can avoid it. Still figuring out how.

Of course we anticipate that NXTforum.org already collects personal information, where it can, but that's where is must stop...unless volunteered.

Regards.

We're not asking for personal info. Were asking for tokens at a 3rdparty confirmation site. Ardeva.com is free and seems useful.

We will include an Asset Issuers ardeva score if applicable.  We still won't know their name and ID, but Ardeva claims they will provide this info in the case
Quote
What if the user is a scammer and I need the data for legal purposes?
If you need access to a user's data, you may request it from our Investigation Team. We will review your request, do our own investigation to see if the user has really scammed you or other people, and then disclose the required informations so you can pursue legal actions against him

Thanks @jefdiesel. Sounds fair enough.

Ardeva site experience, language, fonts, feel, widgets, interactions ... and year of creation points to an ownership relationship with NXT core/whales.

Please note, I'm trying to be controversial or poop this party as I believe in it...the whole premise of this platform is economic opportunity
through decentralized anonymity and some trust is lost if key parties now have identity advantage over others...but I guess it's Ok so long as this is never misused.
« Last Edit: October 04, 2014, 08:19:20 am by yin »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #69 on: October 04, 2014, 03:49:42 pm »

Thanks @jefdiesel. Sounds fair enough.

Ardeva site experience, language, fonts, feel, widgets, interactions ... and year of creation points to an ownership relationship with NXT core/whales.

Please note, I'm trying to be controversial or poop this party as I believe in it...the whole premise of this platform is economic opportunity
through decentralized anonymity and some trust is lost if key parties now have identity advantage over others...but I guess it's Ok so long as this is never misused.

To be totally honest, and not sure if you should trust anyone who says that.., But I found ardeva on a tip from Heather at AltCoinHerald. I know that some other sites use it, and I have ZERO reason to believe it is related to NXT devs or Whales.
If anyone knows more, I'd appreciate hearing about it.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #70 on: October 04, 2014, 05:25:17 pm »

http://cryptoasian.com/
This service was brought up in another thread and maybe it could be of use as an alternative/complement.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #71 on: October 04, 2014, 09:49:12 pm »

look at this pic,about 90% is Community' asset or james' asset, but community is too small for the world.
The outside world is very exciting, there are too many good projects need financing,those who have a good product but lack of funds,Crowdfunding is a good application in cryptocurrency.
so nxt AE has great potential and NXTinspect will play an important role in the process.

Yeah, this really stuck out for me too when I was reading up on all the assets. And there's way too many that are about moving $ around. I'd like to see more Jinns, KPSes and Freebieservers.

I guess it's understandable at this early stage, since it's mainly the crypto$ guys who are aware of Nxt and the potential of the AE right now.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #72 on: October 04, 2014, 11:55:49 pm »

HA you like that guess what 1 of the devs for most them coins I know Personally

http://cryptoasian.com/mzc-mazacoin/  the original developer name is TOM based in Utah same guy that did Scotcoin

So there system is bullcrap

I can pick that apart but I wont do it publicly.

please do not pay any attention to this.

http://cryptoasian.com/
This service was brought up in another thread and maybe it could be of use as an alternative/complement.
« Last Edit: October 05, 2014, 12:06:07 am by cryptoscout »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #73 on: October 05, 2014, 02:51:24 am »

Pleased to report that I am working with whale to have HRNXTPOOL be one of the first assets reviewed by NXTInspect! (hopefully one of the first, at least!)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #74 on: October 05, 2014, 02:52:16 am »

Pleased to report that I am working with whale to have HRNXTPOOL be one of the first assets reviewed by NXTInspect! (hopefully one of the first, at least!)

So great to hear it!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #75 on: October 05, 2014, 12:58:39 pm »

IPO issue price is too high, resulting in total loss of investment 5nxt buying.
nxtinspect issuer again proving that asset bubbles and very serious.
nxtinspect issuer is not even a clear idea, do not know how to operate it an asset,
developers are striving to become the second "CoinEvolve.com"
Let us wait and see.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #76 on: October 05, 2014, 02:06:36 pm »

IPO issue price is too high, resulting in total loss of investment 5nxt buying.
nxtinspect issuer again proving that asset bubbles and very serious.
nxtinspect issuer is not even a clear idea, do not know how to operate it an asset,
developers are striving to become the second "CoinEvolve.com"
Let us wait and see.


Hey, didn't you call for the anti-jl777 coalition?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #77 on: October 05, 2014, 06:24:43 pm »

Hey, didn't you call for the anti-jl777 coalition?
Yes, he just tried this time in green. So he can cover the daltonic investors, apparently.  ::)

Back to the topic ( And again, re-hello all, im slowly reconnecting with the incredible amount of new information that has been created here in just 2 months)

I think NXTinspect is a great asset, but most important, a great initiative.

I will leave profitability out of this post, thats more a "market issue". The owners will try to be profitable, of course, and the market will set its own "perceived value" on the AE. Thats how is supposed to be.

People involved in this asset are well know members of the ecosystem, and if James is also around, for me is all what i need to know.

"integrity, honour and wisdom" is mentioned on the "founding" TEAM post. With the cross relations some of us make here and the months passed, we can develop a trust net in order to do business and exchange information, but we need to remember we are creating a complete infrastructure for the masses.

When a new investor/consumer/user/entrepreneur joins NXT ecosystem, NXTinspect will help him to assess the details on any given AE asset. Of course he need to trust his own judgement, reasons to invest, overall market conditions et al. But a "rating agency" is definitely needed.

I propose you all a nice exercise. We are trying to balance what will the dangers of possible "conflict of interests" on several already issued assets with owners of NXTinspect, or its prime investors.
But what if we think on new assets IPOs?
What if i issue an asset per se, versus issuing an initial IPO who is funded partially by James AND with a rating of (making this completely up here) A+ from NXTinspect? I firmly believe the advantages are obvious.

In some old post from me i also toyed with the possibility of adding "trust seals" to assets, using a multi-data system like the BTCJam one.
And addressing the "loss of privacy" that someone asks, well, there is no way that someone can trust you if you don't trust in him... Maybe if it is a DAC, only... ;-)

 
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #78 on: October 05, 2014, 06:59:05 pm »



We're not asking for personal info. Were asking for tokens at a 3rdparty confirmation site. Ardeva.com is free and seems useful.

We will include an Asset Issuers ardeva score if applicable.  We still won't know their name and ID, but Ardeva claims they will provide this info in the case

I've setup an account at Ardeva, and supplied them with my personal info.  So far, no identity theft has occurred. ;)  Still waiting for the postcard to confirm my address, and to verify the charge on my CC before I hit a perfect score. :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #79 on: October 05, 2014, 07:11:42 pm »



We're not asking for personal info. Were asking for tokens at a 3rdparty confirmation site. Ardeva.com is free and seems useful.

We will include an Asset Issuers ardeva score if applicable.  We still won't know their name and ID, but Ardeva claims they will provide this info in the case

I've setup an account at Ardeva, and supplied them with my personal info.  So far, no identity theft has occurred. ;)  Still waiting for the postcard to confirm my address, and to verify the charge on my CC before I hit a perfect score. :)

I would expect nothing less  ;D
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #80 on: October 05, 2014, 07:32:37 pm »

I propose you all a nice exercise. We are trying to balance what will the dangers of possible "conflict of interests" on several already issued assets with owners of NXTinspect, or its prime investors.
But what if we think on new assets IPOs?
What if i issue an asset per se, versus issuing an initial IPO who is funded partially by James AND with a rating of (making this completely up here) A+ from NXTinspect? I firmly believe the advantages are obvious.

In some old post from me i also toyed with the possibility of adding "trust seals" to assets, using a multi-data system like the BTCJam one.
And addressing the "loss of privacy" that someone asks, well, there is no way that someone can trust you if you don't trust in him... Maybe if it is a DAC, only... ;-)


hey Top8
 welcome back, and thanks for your input.
 I'm a bit confused on the wording of your exercise. Proof there is no conflict. I'd like to hear more.

We have also added discussed stars or approval tokens, but these could be gamed. You could play a long ponzi game, build trust and then exploit your rating.
As news happens, updates will occur. Recent info is best.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #81 on: October 06, 2014, 11:29:10 am »

Hi Guys

Im new to this forum but can see myself investing heavily in the nxt side in the comming future.
I got some NXTinspect as dividends from my SuperNET assests. Cant wait to buy more in the future :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #82 on: October 06, 2014, 01:02:00 pm »

A question which I have been considering for some time esp. in light of my own asset,

Are you prepared to become liable (by choice, or as a result of legal action) should you write a negative report that contains untrue statements?

I'm sure over the course of the next year you will write both positive and negative reports. But if it can be demonstrated that a negative report from you causes financial damage to a company in terms of lost investment (and this will become obvious over time) and you accidentally say something you shouldn't, you are likely to be sued. What contingency plans do you have in place to prevent that or in case that were to occur?

I'm worried about the same thing, personally, but I am asking this question as a private investor.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #83 on: October 06, 2014, 03:43:45 pm »

hey Top8 welcome back, and thanks for your input.
 I'm a bit confused on the wording of your exercise. Proof there is no conflict. I'd like to hear more.

Hey there. What im trying to show to the general audience is that when NXTi makes some assessment of any already listed company, any given outcome can't be as weighted as for a new company. An already listed AE project has had its own "market control". Investors, speculators and adopters have made their own due diligence, and pushed to a price that summarizes the company perceived value, P/E ratio, competition, and exogenous factors like market conditions and BTC/NXT price in fiat. I still remember when NXT went from 6K to 11K almost overnight and Jl77hodl shares went from 2 to 1.  ;D NXTi will simply re-assure some customers about their thoughts on the company. Its an added feature, so to speak.

But the true test is made on the new projects. There is no way NXTi can remove completely any concern about mixed interests. Is like trying to find if Moody's analysts don't have a stepfather who is investing in the stock exchange. But this wall of worry can only be confronted with the test of time. the job of NXTi is to perform due diligence, present sounding financial data, personal data if needed, business plan and certifying the best way possible that the plans of the issuer are valid and trustable.

What average people needs to understand is that NXTi is not a safe net. If NXTi issues 5 new portfolios with a 4 star rating, 4 star, 4 star, 3 star and 5 star, and after one year the companies have gone Bust, -50% market cap, Bust, Ponzi/Steal/Drama and -50% market cap ,and the casual investor yells "Hey NXTi guys told us those were SAFE values! SCAM!", then clearly he hasnt understood the value that NXTi proposes.

I think NXTi is aimed to the medium-large investor, NXT new adopter, and semi professional trader. It will provide an extra layer of trust, but in some reviewable form so we avoid the dreaded centralization. More of this in the next paragraph.

We have also added discussed stars or approval tokens, but these could be gamed. You could play a long ponzi game, build trust and then exploit your rating.
As news happens, updates will occur. Recent info is best.

The using of some AAA system, Star tokens, Super Mario Mushrooms or Little gold coins à là BitcoinTalk  :D is not an obstacle to keep a solid reputation system.

Every time a rated entity needs to perform a new AE offering, stock operation like split or expansion, make a significant purchase/acquisition/sale/liquidation or any other news occur that can substantially alter its business outcomes or financial results, he must provide a "relevant information" comunication to NXTi. Of course, that exchange, as well as the outgoing revision of the rating, is protected with a NDA until the public news by the issuer.

One of the great things of our ecosystem is that we can fight the dreaded "centralization monster": Either the relevant info and the outgoing rating update can be tracked and secured in the blockchain, so any NXT user with some nice "hound" skills can check if , for example, the relevant info was submitted on October 15th, the new rating confirmation was on October 18th, the public announcement was on 20th October, but during 19th October there was a x6 volume trading of the underlying asset in the AE. That will smell funny and could lead to a potential downgrade from NXTi if it were probed some internal trading... (examples, examples) possibilities are infinite.

At the end, is just a matter of corporate governance and rating agency ethos :-)

Sorry for the brick, haha :)

Paul


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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #84 on: October 06, 2014, 04:04:31 pm »



I am looking forward for both nXti (what a nice gift by top8) and KNS reports.

There gonna be scams, ponzi and people who use the system deliberately, you guys should do your best to come up with objective analysis. As your services grow you will find new ways to make your services better and even nXt blockchain is going to have tools to assist you.

GoNXT
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #85 on: October 06, 2014, 04:18:37 pm »

hey Top8 welcome back, and thanks for your input.
 I'm a bit confused on the wording of your exercise. Proof there is no conflict. I'd like to hear more.

Hey there. What im trying to show to the general audience is that when NXTi makes some assessment of any already listed company, any given outcome can't be as weighted as for a new company. An already listed AE project has had its own "market control". Investors, speculators and adopters have made their own due diligence, and pushed to a price that summarizes the company perceived value, P/E ratio, competition, and exogenous factors like market conditions and BTC/NXT price in fiat. I still remember when NXT went from 6K to 11K almost overnight and Jl77hodl shares went from 2 to 1.  ;D NXTi will simply re-assure some customers about their thoughts on the company. Its an added feature, so to speak.

But the true test is made on the new projects. There is no way NXTi can remove completely any concern about mixed interests. Is like trying to find if Moody's analysts don't have a stepfather who is investing in the stock exchange. But this wall of worry can only be confronted with the test of time. the job of NXTi is to perform due diligence, present sounding financial data, personal data if needed, business plan and certifying the best way possible that the plans of the issuer are valid and trustable.

What average people needs to understand is that NXTi is not a safe net. If NXTi issues 5 new portfolios with a 4 star rating, 4 star, 4 star, 3 star and 5 star, and after one year the companies have gone Bust, -50% market cap, Bust, Ponzi/Steal/Drama and -50% market cap ,and the casual investor yells "Hey NXTi guys told us those were SAFE values! SCAM!", then clearly he hasnt understood the value that NXTi proposes.

I think NXTi is aimed to the medium-large investor, NXT new adopter, and semi professional trader. It will provide an extra layer of trust, but in some reviewable form so we avoid the dreaded centralization. More of this in the next paragraph.

We have also added discussed stars or approval tokens, but these could be gamed. You could play a long ponzi game, build trust and then exploit your rating.
As news happens, updates will occur. Recent info is best.

The using of some AAA system, Star tokens, Super Mario Mushrooms or Little gold coins à là BitcoinTalk  :D is not an obstacle to keep a solid reputation system.

Every time a rated entity needs to perform a new AE offering, stock operation like split or expansion, make a significant purchase/acquisition/sale/liquidation or any other news occur that can substantially alter its business outcomes or financial results, he must provide a "relevant information" comunication to NXTi. Of course, that exchange, as well as the outgoing revision of the rating, is protected with a NDA until the public news by the issuer.

One of the great things of our ecosystem is that we can fight the dreaded "centralization monster": Either the relevant info and the outgoing rating update can be tracked and secured in the blockchain, so any NXT user with some nice "hound" skills can check if , for example, the relevant info was submitted on October 15th, the new rating confirmation was on October 18th, the public announcement was on 20th October, but during 19th October there was a x6 volume trading of the underlying asset in the AE. That will smell funny and could lead to a potential downgrade from NXTi if it were probed some internal trading... (examples, examples) possibilities are infinite.

At the end, is just a matter of corporate governance and rating agency ethos :-)

Sorry for the brick, haha :)

Paul
Hey got it.
I think the NXT community is small enough to separate insiders and outsiders.
Insiders will all have a history and influence.
Outsiders will need to build trust.

Existing assets need an impartial review just the same,  if not more. Plenty of assets exist in their own bubble, without apple to apple comparison.

The mining assets are a great example of noise killing the signal.
We're putting together a head to head mining hash report if anyone wants to see all these numbers in one place. Price per share,  hash per 1nxt, reinvestment rate,  and current weekly ROI.
We feel anyone looking to invest in mining funds will benefit greatly from this weekly updated subscription.
We also think it will help clear up the FUD and trolling in the mining forums.
I would suggest mining asset issuers subscribe, and quick.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #86 on: October 06, 2014, 04:22:20 pm »

Hmm wrote more but it got lost? Maybe in the quote? Tapatalk..
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #87 on: October 06, 2014, 04:30:46 pm »

I think the NXT community is small enough to separate insiders and outsiders.

Thats gonna change fast :-) 2015 is going to be madness, when newcomers see what is NXT in comparison to Bitcoin: A complete ecosystem, stable, community driven and with several layers of decentralization and self-empowering trust connections. This is the new deal. Satoshi was the Vision. But this is the "NXT" step :-)

We're putting together a head to head mining hash report if anyone wants to see all these numbers in one place. Price per share,  hash per 1nxt, reinvestment rate,  and current weekly ROI. We feel anyone looking to invest in mining funds will benefit greatly from this weekly updated subscription.
We also think it will help clear up the FUD and trolling in the mining forums.
I would suggest mining asset issuers subscribe, and quick.

Fantastic! Mining is a very attractive field, and unfortunately the newcomers land in there seeking for a steady dividend flow, but often are blinded by the large quantity of factors that can alter the ROI. Besides, is a very ponzi friendly industry.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #88 on: October 06, 2014, 04:37:22 pm »

Agreed on the future growth. I think my point is there is a lot of assets that need to reviewing, no matter who owns.
There may Indeed be some price corrections but the Dr. who lances the boil can't be blamed for its growth.

If the AE is to succeed it needs transparency and a level playing field.
I'm fine with assets having a greater value than ROI. Look at the p/e for Amazon,  twitter,  Facebook. Etc.

But this is for exceptional cases. The new asset hype bump isn't feasible forever unless we get a lot more fiat flowing in.
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #89 on: October 06, 2014, 04:40:04 pm »

Mining review should be out within 24 hours.
We're discussing 1000nxt for 4 weekly reports emailed.
This report will not be posted publicly.
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Kitchentable

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #90 on: October 06, 2014, 05:55:29 pm »

Are you selling that mining report only to the mining asset issuer? If not and anyone is able to purchase then expect it to be for sell on the digital goods store at half price within an hour. Sure you can delete the sell post, but if only one person purchased then that is still a loss except for the two that just received the report at half price.

Also with this setup you are pretty much limiting mining assets from posting about being the best asset to invest in without completely making your report price worthless. I will not blame them in the least in wanting to brag about their asset ROI to investors. Selling only to the mining asset issuer will alleviate the problem of the bragging but then you just increased the FUD that will be spreading in the mining threads. Since all anyone can do is take the word of the owner because there is no way to prove them wrong.

Best bet. Just make the information open on a website and gain ad revenue. Later when everyone lives by that report charge new mining assets a small fee to also be valuated.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #91 on: October 06, 2014, 06:04:35 pm »

Are you selling that mining report only to the mining asset issuer? If not and anyone is able to purchase then expect it to be for sell on the digital goods store at half price within an hour. Sure you can delete the sell post, but if only one person purchased then that is still a loss except for the two that just received the report at half price.

Also with this setup you are pretty much limiting mining assets from posting about being the best asset to invest in without completely making your report price worthless. I will not blame them in the least in wanting to brag about their asset ROI to investors. Selling only to the mining asset issuer will alleviate the problem of the bragging but then you just increased the FUD that will be spreading in the mining threads. Since all anyone can do is take the word of the owner because there is no way to prove them wrong.

Best bet. Just make the information open on a website and gain ad revenue. Later when everyone lives by that report charge new mining assets a small fee to also be valuated.

How often new mining assets come out? Maybe you think ad revenue is huge? So you propose them to work for free for months? I don't think that's possible.
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Sebastien256

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #92 on: October 06, 2014, 06:07:11 pm »

I would have thougt that first report would be completely free of charge and public. Why not the case?

EDIT: This would publicly shows how you do your homework.
« Last Edit: October 06, 2014, 06:19:29 pm by Sebastien256 »
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #93 on: October 06, 2014, 06:16:05 pm »

Are you selling that mining report only to the mining asset issuer? If not and anyone is able to purchase then expect it to be for sell on the digital goods store at half price within an hour. Sure you can delete the sell post, but if only one person purchased then that is still a loss except for the two that just received the report at half price.

Firstly, how do you know its the correct report, someone could alter the report to create the impression a particular asset should be bought, especially as they will need to do this anonymously

Secondly if the information is purchased once and freely distributed then the distribution of that product will cease...
We might still generate it and use it for ourselves...
In order to ensure a return for shareholders we might only distribute to a closed group of trusted subscribers...
In the end if the revenue is not there this venture will fail, we don't expect this to make us rich but are not a charity.

I would rather not end up in this space which is why I am open about it.

The acts of people towards NXTinspect, particularly piracy, will cause us to adapt the service to protect it.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #94 on: October 06, 2014, 06:17:32 pm »

I would have thougt that first report would be completely free of charge and public. Why not the case?

Some of the initial reports 4 or 5 are pretty much ready and will be made available free, we just need to finish integration with the distribution channel.

Some information will always be free after time with early access a premium (paid for) service, some information will be subscription only.

Jef is talking about additional specific product/service ideas.
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printshop

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #95 on: October 06, 2014, 06:26:17 pm »

Mining review should be out within 24 hours.
We're discussing 1000nxt for 4 weekly reports emailed.
This report will not be posted publicly.

Quite a few days ago you said that the KPS report was ready and would be posted later that day. Then yesterday pf posted that HRNXTPOOL would be (one of) the first assets reviewed. Can you confirm which reviews will be published first?

Second, are you able to tell us when will you publish your first public review? Some investors may be waiting to buy in because they were unable to get in during the IPO. Your shares are about 4 NXT right now, so we will need ~300% ROI before investors see a profit. To help investors value your company, will you be publishing any kind of regular financial reports with stuff like subscriber counts? Thanks.

Edit: I see chan3r's answer above partially answered my questions here, thanks.
« Last Edit: October 06, 2014, 06:33:36 pm by printshop »
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Kitchentable

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #96 on: October 06, 2014, 06:41:21 pm »

I don't expect anyone to work for free or the report that is for sell to be accurate. I'm just bring up thoughts I had on the matter. Either way that information will get out and it will be free. No need to jump on my ass because I found something that I figured might be a problem. Next time I'll just stay quiet and watch from the sideline.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #97 on: October 06, 2014, 06:42:33 pm »

Mining review should be out within 24 hours.
We're discussing 1000nxt for 4 weekly reports emailed.
This report will not be posted publicly.

Quite a few days ago you said that thee KPS report was ready and would be posted later that day. Then yesterday pf posted that HRNXTPOOL would be (one of) the first assets reviewed. Can you tell us which reviews will be published first?

Second, are you able to tell us when will you publish your first public review? I know that I as well as a lot of other investors are waiting before we buy more shares because we were unable to get in during the IPO. Your shares are about 4 NXT right now, which means that after expenses you will have to make more than 300% ROI before investors are see a profit. To help investors value your company, will you be publishing any kind of regular financial reports with stuff like subscriber counts? Thanks.

Edit: I see chan3r's answer above partially answered my questions here, thanks.

Basically work has been done on the  integration of our reports with existing sources of information and storing this securely on the NXT block chain so those channels can pick it up, (hint) this why NXTreporting is a partner.

So I know channels can access our information if they can access the block chain. So other than our time and maybe the need for a developer from time to time, i.e. I need ZERO servers, our costs are the time of our analysts so we can keep prices low and value high.

Other distributors are in the pipeline and this might lead us to review assets on block chains other than NXT if these distributors ask us to.

We provide the information to these distributors for free and to access forever so they can provide the report history as far back as they wish as long as they store it.

Accounting and reporting is needed and this will be done in due course frequency of this will depend on activity but I would expect this to be at least quarterly. The account that holds the assets stores a message when NXT is sent from the account accounting for the transfer.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #98 on: October 06, 2014, 06:43:44 pm »

I don't expect anyone to work for free or the report that is for sell to be accurate. I'm just bring up thoughts I had on the matter. Either way that information will get out and it will be free. No need to jump on my ass because I found something that I figured might be a problem. Next time I'll just stay quiet and watch from the sideline.

Dude - don't take it personal, it was not aimed at you, you asked a valid question I simply pointed out the consequences, feel free to throw the challenges, my responses might be robust but they are not meant to be personal - sorry if you took it that way.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #99 on: October 06, 2014, 06:49:50 pm »

A question which I have been considering for some time esp. in light of my own asset,

Are you prepared to become liable (by choice, or as a result of legal action) should you write a negative report that contains untrue statements?

I'm sure over the course of the next year you will write both positive and negative reports. But if it can be demonstrated that a negative report from you causes financial damage to a company in terms of lost investment (and this will become obvious over time) and you accidentally say something you shouldn't, you are likely to be sued. What contingency plans do you have in place to prevent that or in case that were to occur?

I'm worried about the same thing, personally, but I am asking this question as a private investor.

Hmm good question...
So the veracity / basis in fact of what we report has to be clear.
So 'scam' is a pejorative term which we will not use.
An analysis drawing a conclusion that something is worth 1 NXT when it is being sold at 10NXT is different and we will not tell you what to do - if you still want to buy at 10NXT because you disbelieve us that is up to you.

EDIT: Of course people can request a 'private' report which we can be more open in as this is private and specifically commissioned.
« Last Edit: October 06, 2014, 07:00:20 pm by chanc3r »
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whatnxt

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #100 on: October 06, 2014, 07:17:43 pm »

A question which I have been considering for some time esp. in light of my own asset,

Are you prepared to become liable (by choice, or as a result of legal action) should you write a negative report that contains untrue statements?

I'm sure over the course of the next year you will write both positive and negative reports. But if it can be demonstrated that a negative report from you causes financial damage to a company in terms of lost investment (and this will become obvious over time) and you accidentally say something you shouldn't, you are likely to be sued. What contingency plans do you have in place to prevent that or in case that were to occur?

I'm worried about the same thing, personally, but I am asking this question as a private investor.

Hmm good question...
So the veracity / basis in fact of what we report has to be clear.
So 'scam' is a pejorative term which we will not use.
An analysis drawing a conclusion that something is worth 1 NXT when it is being sold at 10NXT is different and we will not tell you what to do - if you still want to buy at 10NXT because you disbelieve us that is up to you.

EDIT: Of course people can request a 'private' report which we can be more open in as this is private and specifically commissioned.
More to the point, are you prepared for the investor backlash when your rating makes 90% of their NXT disappear. There seems to be a lot of investors heavily invested in a few assets (just my impression but you only need one). To someone who looses their shirt, it does not matter how valid the rating is, .
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #101 on: October 06, 2014, 08:17:18 pm »


Quote
Hmm good question...
So the veracity / basis in fact of what we report has to be clear.
So 'scam' is a pejorative term which we will not use.
An analysis drawing a conclusion that something is worth 1 NXT when it is being sold at 10NXT is different and we will not tell you what to do - if you still want to buy at 10NXT because you disbelieve us that is up to you.

EDIT: Of course people can request a 'private' report which we can be more open in as this is private and specifically commissioned.
More to the point, are you prepared for the investor backlash when your rating makes 90% of their NXT disappear. There seems to be a lot of investors heavily invested in a few assets (just my impression but you only need one). To someone who looses their shirt, it does not matter how valid the rating is, .

Yep... facts are facts, a bad asset will smell at some point, better get them cleaned out while the asset issuers are around to answer for themselves...

this risk is one reason why three long standing members of the community have taken this on.

looking at the positive  side it also means that assets will get reports on their fundamentals and people will invest on the basis of fact not personality....

seen the reports on Sia tonight - I hold 20 (doesn't sound much but they are several thousand NXT each), know how to evaluate - looks like a sell - currently the only buy is at 800 - what to do?

there are lots of cases in this volatile market some objective analysis is needed, not just the extreme cases and if we can keep up maybe the extreme cases can be avoided...
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #102 on: October 06, 2014, 08:29:36 pm »

Are you selling that mining report only to the mining asset issuer? If not and anyone is able to purchase then expect it to be for sell on the digital goods store at half price within an hour. Sure you can delete the sell post, but if only one person purchased then that is still a loss except for the two that just received the report at half price.

Also with this setup you are pretty much limiting mining assets from posting about being the best asset to invest in without completely making your report price worthless. I will not blame them in the least in wanting to brag about their asset ROI to investors. Selling only to the mining asset issuer will alleviate the problem of the bragging but then you just increased the FUD that will be spreading in the mining threads. Since all anyone can do is take the word of the owner because there is no way to prove them wrong.

Best bet. Just make the information open on a website and gain ad revenue. Later when everyone lives by that report charge new mining assets a small fee to also be valuated.

hey Kitchentable, sorry if my reply was confusing. We are aiming to have paying subscribers for our general asset reports. The subscribers will get advance notice of our general asset reports. These general reports will then be posted publicly soon after. This will enable the professionals to benefit from our information, but make it pointless for others to leak or resell, since we will give it away free.

In our IPO we mentioned "Individual Consultations/Research Work" This mining report is along that line. And it will not be ONLY for the Asset issuers, but rather anyone with an interest in Mining Assets.  We will do our best to break it down in a side by side manner.
The info is public. Look in the forums, and on the block chain, but there is a lot of noise. We're doing our best to compare apples to apples.
Asset Issuers may want to pay attention and correct the price differences between assets, and investors may wish to keep abreast of which is the best ROI, or best long term. There is no BEST, only best choice for each persons need.

This sort of report may not have a long life, so I imagine 4 weeks to start. By then the market could have found equilibrium and we'll go back to worrying about the Assets themselves. Or maybe not. Let's find out.
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #103 on: October 06, 2014, 08:36:44 pm »

A question which I have been considering for some time esp. in light of my own asset,

Are you prepared to become liable (by choice, or as a result of legal action) should you write a negative report that contains untrue statements?

I'm sure over the course of the next year you will write both positive and negative reports. But if it can be demonstrated that a negative report from you causes financial damage to a company in terms of lost investment (and this will become obvious over time) and you accidentally say something you shouldn't, you are likely to be sued. What contingency plans do you have in place to prevent that or in case that were to occur?

I'm worried about the same thing, personally, but I am asking this question as a private investor.

Hmm good question...
So the veracity / basis in fact of what we report has to be clear.
So 'scam' is a pejorative term which we will not use.
An analysis drawing a conclusion that something is worth 1 NXT when it is being sold at 10NXT is different and we will not tell you what to do - if you still want to buy at 10NXT because you disbelieve us that is up to you.

EDIT: Of course people can request a 'private' report which we can be more open in as this is private and specifically commissioned.
More to the point, are you prepared for the investor backlash when your rating makes 90% of their NXT disappear. There seems to be a lot of investors heavily invested in a few assets (just my impression but you only need one). To someone who looses their shirt, it does not matter how valid the rating is, .

I wrote to this point earlier, but lost it on my phone..

We don't blame the Doctor who lances the boil for it's growth in the first place.
If we see a stink, should we say "oh but a lot of people invested in that.." or should we say "the ROI is 60 weeks" "the share price is 5x comparable Assets", "The Issuer is inconsistent and changes terms too often"

Popped bubbles bring level ground and will get us ever closer to legitimacy.
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whatnxt

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #104 on: October 06, 2014, 08:43:24 pm »

A question which I have been considering for some time esp. in light of my own asset,

Are you prepared to become liable (by choice, or as a result of legal action) should you write a negative report that contains untrue statements?

I'm sure over the course of the next year you will write both positive and negative reports. But if it can be demonstrated that a negative report from you causes financial damage to a company in terms of lost investment (and this will become obvious over time) and you accidentally say something you shouldn't, you are likely to be sued. What contingency plans do you have in place to prevent that or in case that were to occur?

I'm worried about the same thing, personally, but I am asking this question as a private investor.

Hmm good question...
So the veracity / basis in fact of what we report has to be clear.
So 'scam' is a pejorative term which we will not use.
An analysis drawing a conclusion that something is worth 1 NXT when it is being sold at 10NXT is different and we will not tell you what to do - if you still want to buy at 10NXT because you disbelieve us that is up to you.

EDIT: Of course people can request a 'private' report which we can be more open in as this is private and specifically commissioned.
More to the point, are you prepared for the investor backlash when your rating makes 90% of their NXT disappear. There seems to be a lot of investors heavily invested in a few assets (just my impression but you only need one). To someone who looses their shirt, it does not matter how valid the rating is, .

I wrote to this point earlier, but lost it on my phone..

We don't blame the Doctor who lances the boil for it's growth in the first place.
If we see a stink, should we say "oh but a lot of people invested in that.." or should we say "the ROI is 60 weeks" "the share price is 5x comparable Assets", "The Issuer is inconsistent and changes terms too often"

Popped bubbles bring level ground and will get us ever closer to legitimacy.
I take it then, that you are prepared.
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #105 on: October 06, 2014, 08:57:15 pm »


I take it then, that you are prepared.

i don't want to piss off investors, but if the assets are bubbled its not our doing.
as well, whats better, pissing off 10-20 investors in a wild west with no oversight, or waiting until there are 100-200-1000 investors that all post NXT IS A SCAM and never come back..

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.
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jefdiesel

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #106 on: October 06, 2014, 08:58:07 pm »

Imagine if someone had done for this for TXTCOINSNOW

How much trouble could have been saved?
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Sebastien256

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #107 on: October 06, 2014, 09:07:02 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #108 on: October 06, 2014, 09:10:23 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.

you mean ROI in the case of dividend assets?
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Sebastien256

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #109 on: October 06, 2014, 09:11:42 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.

you mean ROI in the case of dividend assets?

Well, (total Nxt dividend paid)/(total Nxt raised) in case of dividend assets.
« Last Edit: October 06, 2014, 09:14:43 pm by Sebastien256 »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #110 on: October 06, 2014, 09:13:04 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.
you mean ROI in the case of dividend assets?

Well, (total Nxt dividend paid)/(total Nxt raised) in case of dividend assets, yes.

Yeah i guess as an investor when you have been paid out more than you invested, you are usually in the clear ;)
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Sebastien256

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #111 on: October 06, 2014, 09:15:16 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.
you mean ROI in the case of dividend assets?

Well, (total Nxt dividend paid)/(total Nxt raised) in case of dividend assets, yes.

Yeah i guess as an investor when you have been paid out more than you invested, you are usually in the clear ;)

Yes, but the ratio tell a bit more than that:
This is a metric for trust.
In the limit of 0 for too long time, the didivend asset is a scam. As it get near 1, you can have more confidence toward the assset. When it worth more than 1, then the asset is very thrustable. If it is largely over 1, then that is very very secure asset.

EDIT: and it is not a metric for the individual investor money invested, but of the overall asset issuer trust.
« Last Edit: October 06, 2014, 09:21:39 pm by Sebastien256 »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #112 on: October 06, 2014, 10:51:39 pm »

A question which I have been considering for some time esp. in light of my own asset,
Are you prepared to become liable (by choice, or as a result of legal action) should you write a negative report that contains untrue statements?
I'm sure over the course of the next year you will write both positive and negative reports. But if it can be demonstrated that a negative report from you causes financial damage to a company in terms of lost investment (and this will become obvious over time) and you accidentally say something you shouldn't, you are likely to be sued. What contingency plans do you have in place to prevent that or in case that were to occur?
I'm worried about the same thing, personally, but I am asking this question as a private investor.

Hmm good question...
So the veracity / basis in fact of what we report has to be clear.
So 'scam' is a pejorative term which we will not use.
An analysis drawing a conclusion that something is worth 1 NXT when it is being sold at 10NXT is different and we will not tell you what to do - if you still want to buy at 10NXT because you disbelieve us that is up to you.

EDIT: Of course people can request a 'private' report which we can be more open in as this is private and specifically commissioned.

Jumping at the ship here, i think that it will be difficult to find any "lie" on NXTi reports. What people should expect is a no frills, facts only analysis. When possible scenarios are discussed, it will be conveniently signaled.
Is in NXTinspect interest to be cristal clear about the facts provided. If at some point some data has not been verified, it will include source or reason for the lack of verification.

NXTi is expected to never take sides, so, as a NBA referee, will take some flak from dissenters, but ultimately people will understand that is not a good business for NXTi to present opinions instead facts.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #113 on: October 06, 2014, 11:03:30 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.
you mean ROI in the case of dividend assets?

Well, (total Nxt dividend paid)/(total Nxt raised) in case of dividend assets, yes.

Yeah i guess as an investor when you have been paid out more than you invested, you are usually in the clear ;)

Yes, but the ratio tell a bit more than that:
This is a metric for trust.
In the limit of 0 for too long time, the didivend asset is a scam. As it get near 1, you can have more confidence toward the assset. When it worth more than 1, then the asset is very thrustable. If it is largely over 1, then that is very very secure asset.

EDIT: and it is not a metric for the individual investor money invested, but of the overall asset issuer trust.

I strongly disagree here. Remember the old adage: "Past performances don't guarantee future results".
Of course a good past behaviour is valued, but specifically that kind of trait will be looked by any Ponzi wanabee.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #114 on: October 06, 2014, 11:10:48 pm »

Anyone who thinks all their AE purchases are rock solid needs to be more diligent.

Or course, none of my AE purchases are rock solid. I always have doubt until more is paided that raised. I can't really trust 100% someone without this. So the ratio (total paid)/(total raised) is very important in my opinion.
you mean ROI in the case of dividend assets?

Well, (total Nxt dividend paid)/(total Nxt raised) in case of dividend assets, yes.

Yeah i guess as an investor when you have been paid out more than you invested, you are usually in the clear ;)

Yes, but the ratio tell a bit more than that:
This is a metric for trust.
In the limit of 0 for too long time, the didivend asset is a scam. As it get near 1, you can have more confidence toward the assset. When it worth more than 1, then the asset is very thrustable. If it is largely over 1, then that is very very secure asset.

EDIT: and it is not a metric for the individual investor money invested, but of the overall asset issuer trust.

I strongly disagree here. Remember the old adage: "Past performances don't guarantee future results".
Of course a good past behaviour is valued, but specifically that kind of trait will be looked by any Ponzi wanabee.

A ponze scheme cannot have a metric above 1 as it work only with influx of money, no outflux. A ponzi scheme would lead toward a metric of 0 for every aditional layer of people in the pyramid.

EDIT: And again, I would say that it is a measure of trust, not of "future results".
EDIT2: In fact, the more I think of it, it could be a nice metric to measure and try to identify ponzi scheme.
EDIT3: I think that without knowing it, a scammer of a dividend asset try to "minimize the previous metric" at the same time as "maximize the total Nxt raised" in order to get as much as money before he run away.
« Last Edit: October 06, 2014, 11:29:26 pm by Sebastien256 »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #115 on: October 06, 2014, 11:45:17 pm »

But what if the scammer runs a successful operation in a scale of 100,000 NXT, then "expands" on a spin off for a second location of his super successful chocolate banana stand, raises 1 Million NXT, pays off successfully interests and dividends, and then makes a expansion to Europe, opening 12 venues, only this time is fake, raises a 50 million NXT and flees away to Maracaibo?

Your metric is valid (and very smart) for one single operation. What i meant is that the fact of someone paying on time is not a guarantee for future results. Eventually the power of true identity and physical centers will show off. I know people loves anonymity, but at the end of the day everyone wants to know the neighbor.  ;)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #116 on: October 07, 2014, 12:03:43 am »

But what if the scammer runs a successful operation in a scale of 100,000 NXT, then "expands" on a spin off for a second location of his super successful chocolate banana stand, raises 1 Million NXT, pays off successfully interests and dividends, and then makes a expansion to Europe, opening 12 venues, only this time is fake, raises a 50 million NXT and flees away to Maracaibo?

Your metric is valid (and very smart) for one single operation. What i meant is that the fact of someone paying on time is not a guarantee for future results. Eventually the power of true identity and physical centers will show off. I know people loves anonymity, but at the end of the day everyone wants to know the neighbor.  ;)

Well, in the case you describe, if we could measure the metric for the whole operation, is would be lower than 1, and if we take only the last operation, the metric would be very low as it would be the case of the lower end of the pyramid.

However, you are right that from an external reviewer, we can only apply the metric on each operations separely. We have no way of knowing all operations that a scammer would run.

EDIT: I guess I don't have the skill for doing a ponzi, but I would not say the same from you :P, that is a very nice scammer tactic that you showed us here  :D.
« Last Edit: October 07, 2014, 07:26:27 am by Sebastien256 »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #117 on: October 07, 2014, 12:24:51 am »

How can we subscribe? Thanks
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #118 on: October 07, 2014, 01:55:14 am »

How can we subscribe? Thanks

hey Ralex,, We're still working on the tech. It will be on the DGS as soon as we have it up.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #119 on: October 07, 2014, 03:47:29 am »

ANNOUNCEMENT: We're now on poloniex!

https://www.poloniex.com/exchange/btc_nxti
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #120 on: October 07, 2014, 04:09:27 am »

ANNOUNCEMENT: We're now on poloniex!

https://www.poloniex.com/exchange/btc_nxti

Does this represent a secondary offering of NXTinspect shares?

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #121 on: October 07, 2014, 04:33:58 am »

ANNOUNCEMENT: We're now on poloniex!

https://www.poloniex.com/exchange/btc_nxti

Does this represent a secondary offering of NXTinspect shares?

No of course not, polo is simply trading the asset.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #122 on: October 07, 2014, 09:35:49 pm »

Newbie askin here. If a second batch of an asset is issued, at which price does this normally happen? The current trade price or more like the IPO price?
Or more specificly: any guess a possible NXTinspect 2nd batch would sell at? :)

Thank you.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #123 on: October 08, 2014, 01:24:36 am »

Will this thread be where new reviews are announced, or will they be posted in the respective asset threads?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #124 on: October 08, 2014, 10:24:51 am »

Newbie askin here. If a second batch of an asset is issued, at which price does this normally happen? The current trade price or more like the IPO price?
Or more specificly: any guess a possible NXTinspect 2nd batch would sell at? :)

Thank you.

Sorry, we haven't even considered a second offering just yet (including a price). We don't need the finance and we want to create some value for current asset holders. Once we are closer, we'll let you know.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #125 on: October 08, 2014, 10:25:36 am »

Will this thread be where new reviews are announced, or will they be posted in the respective asset threads?

I'll likely make a sticky in our sub-thread.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #126 on: October 08, 2014, 07:38:13 pm »

Will this thread be where new reviews are announced, or will they be posted in the respective asset threads?

twitter @NXTInspect
partner websites...

a Nxtty channel once it is live
Subscribers will be able to choose a channel -
channels to be supported I will confirm later but I hope at least, NXT AM, Nxtty private message, email
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #127 on: October 09, 2014, 11:33:49 am »

NXTInspect

Asset ID: 14273984620270850703

Account Number: NXT-QUUE-9M9E-TRC5-24Q2M

This asset is represents the right to a share in the profits from the activities of NXTinspect, this Asset provides a level of due diligence on offerings on the NXT AE and (in future) other decentralised exchanges in order to enable investors to make safer and wiser decisions on where to invest their NXT.

The NXTinspect Team (currently) consists of the following established NXT Forum Members;

whale
jefdisel
chanc3r

The services which will be offered and monetised by the Team are;

Reviews of Assets Pre/Post Launch
Due Diligence on Assets Issuers
Individual Consultations/Research Work
Escrow Services

We intend this to be a very low overhead activity and establish a service that NXTers can rely on, therefore we are issuing 1,000,000 assets @1NXT of which 40% have been allocated to the development / analysis team, 30% are being sold in an initial fund raiser with 30% in reserve to be sold to enable further scale and growth.

Revenue from the above activities will be distributed according to the shares in circulation ie not owned by the issuing account.

To prove this is me validate this token issued by my main account using website text NXTinspect
dp92epv10f7ucn76r5t3526877n5ho6pqt0oskqo1kvcv7i6ivmu0pv10c0no901i47odd5e4c1vqp3bdh5mokpkn6d4894l3hk3msksl4q0p49blm2i5nb2dlk6hivtvj9lps21ebu35d91k8gf5efqp9boujb9

Hi chanc3r. I went through this thread and the one on your sub-forum and I had a few questions which don't seem answered there.

First, you said that 40% of the company would be distributed to team members. I see that Whale currently holds 150,000 NXTinspect, you currently hold 100,242, and that jeff holds 100,164. It looks as if the change shares came from your individual holdings of nxtventure. Notwithstanding the missing 50,000 shares, it looks like this is accounted for. The other part of the IPO was you mentioned a sale of 300,000 and then performed a sale of 50,000 from the for further expansion shares. This also seems like it has been completed, because there remain approx. 250,000 shares in the company. Can you just quickly conform this and that the remaining shares are for "future expansion", and that you will not sell them without a prior announcement? Thanks.

Second question. It appears that you sold 300,000 NXT worth of shares and then 250,000 NXT worth of shares for a total of about 550,000 NXT. There is just over 380,000 NXT in the account, however, for some reason I see three transfers of 70,000 each made to you, whale, and jef. As you have already received your shares I am mystified why you have transferred company money to your personal accounts. Am I missing something here? Can you please explain those transfers?

Three. Please confirm the book value of your company is only 0.73 NXT/share based on a share sale of 300,000 shares at 1 NXT and 50,000 shares at 5 NXT, over a float of 750,000 shares, and please confirm that you have released all relevant material information regarding the status of your company (i.e. that you are not aware of any material reason why your shares are trading at 5x book value, that your company has no other assets or liabilities affecting book value other than share sales).

I know you haven't said what price you will release the remaining shares but if you could quickly comment on price target for your book value that would be great.

Thanks and good luck~
« Last Edit: October 09, 2014, 12:40:02 pm by printshop »
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #128 on: October 09, 2014, 03:49:54 pm »

Sure...

1. We issued an initial IPO at 1 NXT - because this was a highly speculative venture and our concept is to provide information in a way which means we don't need loads of hardware and such.
2. The way these shares  were bought up was not how we wanted and caused further problems.
3. When the holder of these shares  put them on the market we deliberately set a sell wall to stop the price over heating, these funds are still held in the issuing account as we did not expect to raise them.
4. I will not maintain this type of wall because I don't believe the asset issuer should exploit the trading spread in the market, let the market value us based on what we say and do.
5. So the remainder will not be sold without explaining how and when this will be done in advance.
6. There is 'no company' we are a group of individuals offering a service for which we are taking payment and working to provide a return we have never said anything different.
7. Those transfers pay for our time in setting up NXTinspect and the time and personal expenses we have spent developing the service and will continue to do so over the coming months, and am I going to spell out what those are - 'No'
8. I have my 100k shares but they are not income they are simply shares I will keep them until whenever I have no plans or need to sell.

Valuing a service company is hard, you have to take into account things like intellectual property, partnerships etc. I would use P/E ratings which are often in the range 20-25 which typically gives a 4-5% return, so on a total investment of 550k nxt we should provide a return of over 27,500 in total dividends in the next 12 months, I would hope to do much better than this but until we do some of our first products and see take up I won't know.

If we take the 750k shares @5NXT = 3.75M at 5% return we would need to generate dividends of 187k over the first year, can we do this I don't know yet...

We have taken on two new team members, they will need an income so I guess thats a liability but personally I would view the knowledge and experience that they bring will generate income and thus I consider them assets.

On the final quesition - i know how and when we decide to release the remaining shares I don't know what price to release it at.
« Last Edit: October 09, 2014, 05:19:58 pm by chanc3r »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #129 on: October 09, 2014, 05:11:26 pm »

I love your idea and have invested. As an investor, I hope that you plan to expand beyond the NXT AE and issue reports on the assets/dacs of other crypto 2.0 platforms. If nxtinspect could become one of the big rating/reporting services in the larger crypto space, it could obviously increase its profitability. Is this in your plans? Thanks!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #130 on: October 09, 2014, 05:18:57 pm »

Thanks for the support, I hope we do too.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #131 on: October 09, 2014, 06:55:12 pm »

Sure...

1. We issued an initial IPO at 1 NXT - because this was a highly speculative venture and our concept is to provide information in a way which means we don't need loads of hardware and such.
2. The way these shares  were bought up was not how we wanted and caused further problems.
3. When the holder of these shares  put them on the market we deliberately set a sell wall to stop the price over heating, these funds are still held in the issuing account as we did not expect to raise them.
4. I will not maintain this type of wall because I don't believe the asset issuer should exploit the trading spread in the market, let the market value us based on what we say and do.
5. So the remainder will not be sold without explaining how and when this will be done in advance.
6. There is 'no company' we are a group of individuals offering a service for which we are taking payment and working to provide a return we have never said anything different.
7. Those transfers pay for our time in setting up NXTinspect and the time and personal expenses we have spent developing the service and will continue to do so over the coming months, and am I going to spell out what those are - 'No'
8. I have my 100k shares but they are not income they are simply shares I will keep them until whenever I have no plans or need to sell.

Ahh I see. I was under the impression you were a company, meaning, that the sum you raised when selling shares would form a kind of book value for your company. This is my experience as an investor speaking.

Valuing a service company is hard, you have to take into account things like intellectual property, partnerships etc. I would use P/E ratings which are often in the range 20-25 which typically gives a 4-5% return, so on a total investment of 550k nxt we should provide a return of over 27,500 in total dividends in the next 12 months, I would hope to do much better than this but until we do some of our first products and see take up I won't know.

A PE of 20+ is way out of line for companies in crypto-space. Even most successful companies do not trade at 1 or 2 P/E/. I'd be interested to see what long term factors affect the P/E of NXTinspect and if you're able to maintain that valuation.

Based on your subscription model I think you will get more than 27k nxt in your first year tho, that should be the easy part.

If we take the 750k shares @5NXT = 3.75M at 5% return we would need to generate dividends of 187k over the first year, can we do this I don't know yet...

We have taken on two new team members, they will need an income so I guess thats a liability but personally I would view the knowledge and experience that they bring will generate income and thus I consider them assets.

As an investor I am worried that your P/E is too high. But as dangerous as I might personally feel that is, the issue over salary is a major red flag. It looks like you are "double dipping", and refusing to explain what the money will be used for is probably not acceptable. For example:

A; company director forms a company and announces he will take 40% of the shares as compensation. He does. Red flags = 0.
B; company director forms a company and announces he will take 30% of the profits as salary. He does. Red flags = 0.
C; company director forms a company and announces he will take 40% of the shares and 30% of the profits as compensation. He does. Red flags = maybe one, investors get next to nothing.
D; company director forms a company and announces he will take 40% of the shares as compensation. He then takes an additional 30% of the profits. Red flags = embezzlement.

See what you did? You have created a loophole where "This asset is represents the right to a share in the profits from the activities of NXTinspect," becomes meaningless. You had a profit making activity -- the sale of shares -- and you decided to take a cut before you paid this money out to shareholders. You are like the director in situation D; you said you are going to take 40% of the shares and then pay profits into shares. But now you are also taking money in the company account for yourselves.

I'm sorry if you think I am coming down on you guys but this situation doesn't feel right to me. It's probably because I can't wrap my head around the "team" i.e. loose collection of bloggers idea. I'm more used to valuing actual companies with assets.
« Last Edit: October 09, 2014, 07:14:34 pm by printshop »
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #132 on: October 09, 2014, 07:28:24 pm »

Everyone is entitled to their opinion, I disagree with your interpretation which I am also entitled to do.
Everyone is entitled to trust us to make them some money or not, they may agree with you they may not.
I don't mind you asking questions because we can't inspect ourselves and nothing is hidden as you found out.
If people don't like my direct answers then they don't have to invest.
If people don't like our reports we won't be around long anyway.
if fact some people won't like our reports because it will cost them... others will benefit.

If people don't like or trust our approach they don't need to invest.

Sorry for the shortness but I am very busy right now.
« Last Edit: October 09, 2014, 07:42:21 pm by chanc3r »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #133 on: October 09, 2014, 07:38:35 pm »

Sure...

1. We issued an initial IPO at 1 NXT - because this was a highly speculative venture and our concept is to provide information in a way which means we don't need loads of hardware and such.
2. The way these shares  were bought up was not how we wanted and caused further problems.
3. When the holder of these shares  put them on the market we deliberately set a sell wall to stop the price over heating, these funds are still held in the issuing account as we did not expect to raise them.
4. I will not maintain this type of wall because I don't believe the asset issuer should exploit the trading spread in the market, let the market value us based on what we say and do.
5. So the remainder will not be sold without explaining how and when this will be done in advance.
6. There is 'no company' we are a group of individuals offering a service for which we are taking payment and working to provide a return we have never said anything different.
7. Those transfers pay for our time in setting up NXTinspect and the time and personal expenses we have spent developing the service and will continue to do so over the coming months, and am I going to spell out what those are - 'No'
8. I have my 100k shares but they are not income they are simply shares I will keep them until whenever I have no plans or need to sell.

Ahh I see. I was under the impression you were a company, meaning, that the sum you raised when selling shares would form a kind of book value for your company. This is my experience as an investor speaking.

Valuing a service company is hard, you have to take into account things like intellectual property, partnerships etc. I would use P/E ratings which are often in the range 20-25 which typically gives a 4-5% return, so on a total investment of 550k nxt we should provide a return of over 27,500 in total dividends in the next 12 months, I would hope to do much better than this but until we do some of our first products and see take up I won't know.

A PE of 20+ is way out of line for companies in crypto-space. Even most successful companies do not trade at 1 or 2 P/E/. I'd be interested to see what long term factors affect the P/E of NXTinspect and if you're able to maintain that valuation.

Based on your subscription model I think you will get more than 27k nxt in your first year tho, that should be the easy part.

If we take the 750k shares @5NXT = 3.75M at 5% return we would need to generate dividends of 187k over the first year, can we do this I don't know yet...

We have taken on two new team members, they will need an income so I guess thats a liability but personally I would view the knowledge and experience that they bring will generate income and thus I consider them assets.

As an investor I am worried that your P/E is too high. But as dangerous as I might personally feel that is, the issue over salary is a major red flag. It looks like you are "double dipping", and refusing to explain what the money will be used for is probably not acceptable. For example:

A; company director forms a company and announces he will take 40% of the shares as compensation. He does. Red flags = 0.
B; company director forms a company and announces he will take 30% of the profits as salary. He does. Red flags = 0.
C; company director forms a company and announces he will take 40% of the shares and 30% of the profits as compensation. He does. Red flags = maybe one, investors get next to nothing.
D; company director forms a company and announces he will take 40% of the shares as compensation. He then takes an additional 30% of the profits. Red flags = embezzlement.

See what you did? You have created a loophole where "This asset is represents the right to a share in the profits from the activities of NXTinspect," becomes meaningless. You had a profit making activity -- the sale of shares -- and you decided to take a cut before you paid this money out to shareholders. You are like the director in situation D; you said you are going to take 40% of the shares and then pay profits into shares. But now you are also taking money in the company account for yourselves.

I'm sorry if you think I am coming down on you guys but this situation doesn't feel right to me. It's probably because I can't wrap my head around the "team" i.e. loose collection of bloggers idea. I'm more used to valuing actual companies with assets.
this is starting to look like trolling to me

why not stay in your own thread, or do you want your competitors to buy a few of your assets and make similar concerned troll type of posts?

let us be above this behavior and just each do what we can to build the best services possible

the fact that you are selling shares in a competitive enterprise should make you pause before making such posts as this.  your posts dont feel right to me.

James
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #134 on: October 09, 2014, 08:30:34 pm »

this is starting to look like trolling to me

why not stay in your own thread, or do you want your competitors to buy a few of your assets and make similar concerned troll type of posts?

let us be above this behavior and just each do what we can to build the best services possible

the fact that you are selling shares in a competitive enterprise should make you pause before making such posts as this.  your posts dont feel right to me.

James

No, it is now officially my job to ask these sorts of questions, and report on the answers I have been given.

I'm not interested in repeating myself nor trolling, so now that I have asked my questions and gotten a response, you will see that I either move on to other questions or I talk about something else entirely.

Right now, NXTinspect seems to have about 383,000 NXT in it, and 750,000 outstanding shares, giving it a current book value of 0.51 NXT -- not 5, not 3, 0.51. I'd rather put that out there in the thread before I issue an official report, if I have it wrong, please correct me. It's basically just a question.

p.s. as chanc3r suggested, the fact that this was all done in public suggests that they were not trying to hide anything. But I still get to ask the question.
« Last Edit: October 09, 2014, 08:32:37 pm by printshop »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #135 on: October 09, 2014, 08:35:48 pm »

Everyone is entitled to their opinion, I disagree with your interpretation which I am also entitled to do.
Everyone is entitled to trust us to make them some money or not, they may agree with you they may not.
I don't mind you asking questions because we can't inspect ourselves and nothing is hidden as you found out.
If people don't like my direct answers then they don't have to invest.
If people don't like our reports we won't be around long anyway.
if fact some people won't like our reports because it will cost them... others will benefit.

If people don't like or trust our approach they don't need to invest.

Sorry for the shortness but I am very busy right now.

Thanks. FWIW there is no rush to answer, if you need to take a couple of days because you're deep in the code I know the feeling. I just stayed up all night to work on redirect rules for all the sites we're running and set up dokuwiki and mediawiki.

http://www.investopedia.com/terms/b/burnrate.asp

What is your burn rate? You mentioned that you won't be around for long if people don't like your reports. This leads me to two questions; One, how long can you stay in business unprofitably, and two, if you decide to close up shop what happens to the 550,000 NXT you raised -- what percentage, if any, will be returned to investors?

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #136 on: October 09, 2014, 08:40:21 pm »

this is starting to look like trolling to me

why not stay in your own thread, or do you want your competitors to buy a few of your assets and make similar concerned troll type of posts?

let us be above this behavior and just each do what we can to build the best services possible

the fact that you are selling shares in a competitive enterprise should make you pause before making such posts as this.  your posts dont feel right to me.

James

No, it is now officially my job to ask these sorts of questions, and report on the answers I have been given.

I'm not interested in repeating myself nor trolling, so now that I have asked my questions and gotten a response, you will see that I either move on to other questions or I talk about something else entirely.

Right now, NXTinspect seems to have about 383,000 NXT in it, and 750,000 outstanding shares, giving it a current book value of 0.51 NXT -- not 5, not 3, 0.51. I'd rather put that out there in the thread before I issue an official report, if I have it wrong, please correct me. It's basically just a question.

p.s. as chanc3r suggested, the fact that this was all done in public suggests that they were not trying to hide anything. But I still get to ask the question.
ok, just seems strange to be even caring about the book value of a service company

the value of a service business is the people behind the service, not the book value.

so go ahead and put in your report this book value for the service business, I am sure it will be great comfort to your customers that you are inspecting the NXTinspect book value in great detail

James
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #137 on: October 09, 2014, 08:48:38 pm »

Are you guys prepared to be personally attacked every time an asset gets a less-than-favorable rating? Looks like it's something you're going to have to deal with.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #138 on: October 09, 2014, 08:55:11 pm »

Personally, these are three core "nxt original posters", at least in my opinion.

In all of my contact with whale I've been telling him to just be honest in their assessment of my asset(s). If they want to give it a bad rating based on their opinion, then that's up to them. These forums have seen more than enough flame wars recently.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #139 on: October 09, 2014, 09:11:40 pm »

ok, just seems strange to be even caring about the book value of a service company

the value of a service business is the people behind the service, not the book value.

so go ahead and put in your report this book value for the service business, I am sure it will be great comfort to your customers that you are inspecting the NXTinspect book value in great detail

James

Why would I do that? As I said I am not interested in repeating questions. We have since moved on to burn rate, which is a more interesting metric for a service company.

You are just going to have to get used to people asking basic financial questions. I'm sure NXTinspect will end up doing this too, right? When they try to value a company?

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #140 on: October 09, 2014, 09:15:18 pm »

Are you guys prepared to be personally attacked every time an asset gets a less-than-favorable rating? Looks like it's something you're going to have to deal with.

Short answer is 'Yes' - think I said this earlier and we haven't gone public yet and I expect some of our first reports will be a little rough around the edges.

We will calmly and honestly respond to any polite reasonable questioning as we are attempting to do.

I don't think there is value in trying to harm anyones business, used properly I would hope our reports will help the market value an asset better and help the asset issuer identify how they can improve value for shareholders... It will take time to get our work to this level but I think we can get there based on the background of some of the team.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #141 on: October 09, 2014, 09:18:56 pm »

Thanks for the "bitcoinpaul" printshop. You are a joke.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #142 on: October 09, 2014, 09:23:20 pm »

ok, just seems strange to be even caring about the book value of a service company

the value of a service business is the people behind the service, not the book value.

so go ahead and put in your report this book value for the service business, I am sure it will be great comfort to your customers that you are inspecting the NXTinspect book value in great detail

James

Why would I do that? As I said I am not interested in repeating questions. We have since moved on to burn rate, which is a more interesting metric for a service company.

You are just going to have to get used to people asking basic financial questions. I'm sure NXTinspect will end up doing this too, right? When they try to value a company?
I am sure your keen interest in trying to make NXTinspect look like it is "double dipping" and has low book value has nothing to do with the fact that you are running a competitive business.

you are using fiat world zero sum attack tactics where there is no need for this. the fact that burn rate is actually a valid question for service companies is now diminished as everyone reading this thread knows you are just a competitor trying to make NXTinspect look bad. They have not implied any wrong doing by you and your IPO or the lack of crypto experience as a possible handicap to rating cryptos.

so before this gets ugly, I suggest you stay in your thread. let people decide who they want to trust with their investments and analysis of assets. I for one trust chanc3r, whale and jefdiesel. You are a newcomer and maybe in time you will gain people's trust, but doing this is a sure way to get people like me to never want to do business with you.

James

P.S. I would be very interested in how you would rate the largest IPO in NXT history. no, not SuperNET, NXTpoker! it seems they want to raise almost 10 times what SuperNET did all the while saying it is not overpriced. Wouldnt analyzing something 100x bigger than NXTinspect do a lot more for the community than this petty stuff you are doing?


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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #143 on: October 09, 2014, 09:25:13 pm »


See what you did? You have created a loophole where "This asset is represents the right to a share in the profits from the activities of NXTinspect," becomes meaningless. You had a profit making activity -- the sale of shares -- and you decided to take a cut before you paid this money out to shareholders. You are like the director in situation D; you said you are going to take 40% of the shares and then pay profits into shares. But now you are also taking money in the company account for yourselves.

These funds and shares were moved in the IPO phase and were agreed transfers as part of the startup.
From the following sale of 50k shares there have been no transfers to the 3 of us.
We will issue accounts, in due course, although like I say we will document all transfers from the issuing account anyway

I would rather pay profits from real income than pay earlier shareholders from the sale of shares to later shareholders - I don't want to be accused of running a ponzi scheme, this is often not the intent but its very easy in this anonymous world for people to accuse.

Regarding burn rate - the background burn rate will be as close to zero as I can get it by reusing the NXT infrastructure, partners who benefit from having the information and established free-to-customer channels.. our costs will be activity based for peoples time and those costs will be contingent in those activities bringing in revenue.

EDIT: I will have some minimal NXT transaction costs so the sooner those fees are lowered the better :)

if the venture  folds then any residual value in the accounts will be transferred to assets holders but failure is not our intention.
« Last Edit: October 09, 2014, 09:28:53 pm by chanc3r »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #144 on: October 09, 2014, 09:45:34 pm »

Thanks for the "bitcoinpaul" printshop. You are a joke.

I've been spammed with 22 bitcoinpauls over the last few days. It's kind of obvious who is doing it too. Do you have anything to say about that?

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #145 on: October 09, 2014, 09:47:55 pm »

Thanks for the "bitcoinpaul" printshop. You are a joke.

I've been spammed with 22 bitcoinpauls over the last few days. It's kind of obvious who is doing it too. Do you have anything to say about that?

Oh no you don't - take those questions into PMs - you are not spamming this thread with this argument developing.

EDIT: and as bitcoinpaul will tell you - no one give a f*ck about bitcoinpaul :D (see what i did there!)
« Last Edit: October 09, 2014, 09:57:53 pm by chanc3r »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #146 on: October 09, 2014, 09:59:23 pm »



P.S. I would be very interested in how you would rate the largest IPO in NXT history. no, not SuperNET, NXTpoker! it seems they want to raise almost 10 times what SuperNET did all the while saying it is not overpriced. Wouldnt analyzing something 100x bigger than NXTinspect do a lot more for the community than this petty stuff you are doing?
[/quote

it seems they want to raise almost 10 times what SuperNET did all the while saying it is not overpriced.

Did I miss out on something huge James?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #147 on: October 09, 2014, 09:59:37 pm »

These funds and shares were moved in the IPO phase and were agreed transfers as part of the startup.
From the following sale of 50k shares there have been no transfers to the 3 of us.
We will issue accounts, in due course, although like I say we will document all transfers from the issuing account anyway

That's great, when will we be able to expect a financial report? I'm talking loosely, like, is this something coming in 2 weeks or in 3 months.

You seem to understand why I am asking these questions. I expect you to ask these questions for everyone you review, as well.

EDIT: I will have some minimal NXT transaction costs so the sooner those fees are lowered the better :)

if the venture  folds then any residual value in the accounts will be transferred to assets holders but failure is not our intention.

Yes I was thinking about that, if it ends up costing you 10 NXT to send out a report, that could add up but I guess it won't really be that much. Kind of an interesting way of doing things.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #148 on: October 09, 2014, 11:03:36 pm »



P.S. I would be very interested in how you would rate the largest IPO in NXT history. no, not SuperNET, NXTpoker! it seems they want to raise almost 10 times what SuperNET did all the while saying it is not overpriced. Wouldnt analyzing something 100x bigger than NXTinspect do a lot more for the community than this petty stuff you are doing?
[/quote

it seems they want to raise almost 10 times what SuperNET did all the while saying it is not overpriced.

Did I miss out on something huge James?
well they have all these fancy pretty charts so it must be a fantastic thing :)

I am not in the business of providing investment analysis. I do however put my analysis into action via my investing (or not investing), so there are many that are following what I am doing (or not doing)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #149 on: October 10, 2014, 12:51:20 am »

I've been spammed with 22 bitcoinpauls over the last few days.

Me too, but I haven't figured out by who.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #150 on: October 10, 2014, 04:19:29 pm »

What's going on with the NXTinspect board? I can't seem to go there anymore, is it locked?

Oh I see, changed the url from nxtracker to nxtinspect. Cool beans :)

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #151 on: October 10, 2014, 05:44:24 pm »

What's going on with the NXTinspect board? I can't seem to go there anymore, is it locked?

Oh I see, changed the url from nxtracker to nxtinspect. Cool beans :)

Yes https://nxtforum.org/nxtinspect/ is the proper ULR. We had the mods set up the subforum early on, and then we realized someone else was using NXTtracker for an unrelated project, so to avoid confusion we switched.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #152 on: October 10, 2014, 06:58:34 pm »

I've been spammed with 22 bitcoinpauls over the last few days.

Me too, but I haven't figured out by who.
Same here.  There might be a Paulbot on the loose! Lol
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #153 on: October 20, 2014, 07:57:52 pm »

Did I miss an announcement? NXTinspect hasn't posted anything in 4 days, and their reviews haven't been updated at all since they were posted a week ago.

I thought there were five guys working on this? I'm hoping that KNS can share some kind of service agreement with NXTinspect but my request to work on a trust metrics system hasn't been answered in more than 7 days now.

Can anyone from NXTinspect comment on this? I guess I was expecting more information flow out of NXTinspect, it feels like suddenly you guys stopped posting anything. I see jef has been making a post every now and then, we should at least communicate over which companies we are reviewing so we can cover more ground collectively.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #154 on: October 20, 2014, 08:10:38 pm »

Did I miss an announcement? NXTinspect hasn't posted anything in 4 days, and their reviews haven't been updated at all since they were posted a week ago.

I thought there were five guys working on this? I'm hoping that KNS can share some kind of service agreement with NXTinspect but my request to work on a trust metrics system hasn't been answered in more than 7 days now.

Can anyone from NXTinspect comment on this? I guess I was expecting more information flow out of NXTinspect, it feels like suddenly you guys stopped posting anything. I see jef has been making a post every now and then, we should at least communicate over which companies we are reviewing so we can cover more ground collectively.

I doubt you miss anything we do or don't do ;)

1. That was an initial set of reports to get some feedback, and we got plenty.
2. We are taking that on board and making our methods more transparent.

If you notice we have not posted much generally in the forum on anything because we have been busy.
We have not gone away and we have not stopped working on this.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #155 on: October 20, 2014, 09:35:34 pm »

Did I miss an announcement? NXTinspect hasn't posted anything in 4 days, and their reviews haven't been updated at all since they were posted a week ago.

I thought there were five guys working on this? I'm hoping that KNS can share some kind of service agreement with NXTinspect but my request to work on a trust metrics system hasn't been answered in more than 7 days now.

Can anyone from NXTinspect comment on this? I guess I was expecting more information flow out of NXTinspect, it feels like suddenly you guys stopped posting anything. I see jef has been making a post every now and then, we should at least communicate over which companies we are reviewing so we can cover more ground collectively.

I doubt you miss anything we do or don't do ;)

1. That was an initial set of reports to get some feedback, and we got plenty.
2. We are taking that on board and making our methods more transparent.

If you notice we have not posted much generally in the forum on anything because we have been busy.
We have not gone away and we have not stopped working on this.

Great, that's the answer I was hoping for. I've bought shares, personally, BTW. ;-) (and thanks for the compliment too!)

The factors I would really like to see as an investor are a prospectus or business plan, and I'd like to see shares represent ownership and control of the company. The profit shares idea is like non-controlling shares, and these are only barely legal even in the real world. Will there ever be a release of controlling shares or a move towards a standard "shares" model?
« Last Edit: October 20, 2014, 09:44:26 pm by printshop »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #156 on: October 21, 2014, 12:52:01 am »

I'm wondering if you guys want to set up some sort of verification protocol for anonymous asset issuers. There will always be those who wish to preserve total anonymity. But I can imagine an asset owner who would be willing to provide proof of his qualifications, credentials, business record, etc. to nxtinspect on the condition that nxtinspect preserve his anonymity. Something like "Nxtinspect has seen sufficient demonstrations of the asset issuer's qualifications and past performance to give management a high rating" or whatever.

Do you see what I'm driving at?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #157 on: October 21, 2014, 01:06:42 am »

I'm wondering if you guys want to set up some sort of verification protocol for anonymous asset issuers. There will always be those who wish to preserve total anonymity. But I can imagine an asset owner who would be willing to provide proof of his qualifications, credentials, business record, etc. to nxtinspect on the condition that nxtinspect preserve his anonymity. Something like "Nxtinspect has seen sufficient demonstrations of the asset issuer's qualifications and past performance to give management a high rating" or whatever.

Do you see what I'm driving at?

We are definitely working on that. While we would prefer to use a publicly verified, yet still private service like Ardeva,  our updated criteria puts personally providing us with ID and proof of residence above 100% online identity. We then extend that further after having direct video chats with the confirmed user.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #158 on: October 21, 2014, 02:34:21 am »

I'm very happy to read that, Jefdisel.

While I have your attention, I want to ask a stupid question: I think I recall nxtinspect saying at some point that it would be possible to buy four in-depth reports for 1000 NXT. Is that deal available yet? Is it still in the works?

Thanks, and keep up the good work!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #159 on: October 21, 2014, 03:17:25 am »

I'm very happy to read that, Jefdisel.

While I have your attention, I want to ask a stupid question: I think I recall nxtinspect saying at some point that it would be possible to buy four in-depth reports for 1000 NXT. Is that deal available yet? Is it still in the works?

Thanks, and keep up the good work!

Hey crumb, we started putting our reviews together and we realized that people wanted greater distinction and deeper review criteria, so we rebuilt our review process. ten important criteria, weighted and factored to work across the broad variety of assets, circumstances, and users.
We are building some really deep analyst tools, and with the help of 1.3.1 will be able to crunch numbers a lot more effectively.
So before we offer the data we have, we are running it back again in the new tools and getting it even better.

Once we are done this, later this week, we will be ready to release our subscription model as well
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #160 on: October 21, 2014, 03:20:25 am »

Personally I think the asset owners should be paying for the review, NXT users should not be having to pay to see the contents of the reports whatosever
Just my opinion of course
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #161 on: October 21, 2014, 03:37:18 am »

Personally I think the asset owners should be paying for the review, NXT users should not be having to pay to see the contents of the reports whatosever
Just my opinion of course

Not a problem to register new account, or new NXT address. No way to prove who's having assets who's not...
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #162 on: October 21, 2014, 03:44:31 am »

I'm very happy to read that, Jefdisel.

While I have your attention, I want to ask a stupid question: I think I recall nxtinspect saying at some point that it would be possible to buy four in-depth reports for 1000 NXT. Is that deal available yet? Is it still in the works?

Thanks, and keep up the good work!

Hey crumb, we started putting our reviews together and we realized that people wanted greater distinction and deeper review criteria, so we rebuilt our review process. ten important criteria, weighted and factored to work across the broad variety of assets, circumstances, and users.
We are building some really deep analyst tools, and with the help of 1.3.1 will be able to crunch numbers a lot more effectively.
So before we offer the data we have, we are running it back again in the new tools and getting it even better.

Once we are done this, later this week, we will be ready to release our subscription model as well

Jefdiesel, thanks for replying and giving details. It's great that your team has been so responsive to suggestions from your asset holders. I, too, am all for depth and detail and look forward to reading your reports.

By the way, no offense, pf, but I like the idea of subscriptions and will be happy to pay for good reports on assets of interest to me.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #163 on: October 21, 2014, 03:47:29 am »

Personally I think the asset owners should be paying for the review, NXT users should not be having to pay to see the contents of the reports whatosever
Just my opinion of course

Not a problem to register new account, or new NXT address. No way to prove who's having assets who's not...

pf.. reviews will be done free, and listed free. No one has to pay. We plan on monetizing by selling ADVANCE subscriptions, probably 24 hours, so professionals can choose to subscribe and get the news first.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #164 on: October 21, 2014, 08:54:20 am »

Great team!  :D
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #165 on: October 21, 2014, 06:31:49 pm »

Personally I think the asset owners should be paying for the review, NXT users should not be having to pay to see the contents of the reports whatosever
Just my opinion of course

Not a problem to register new account, or new NXT address. No way to prove who's having assets who's not...

pf.. reviews will be done free, and listed free. No one has to pay. We plan on monetizing by selling ADVANCE subscriptions, probably 24 hours, so professionals can choose to subscribe and get the news first.
I think asset owners should be able to pay something to be able to eliminate an advance report.  I mean the fairest thing to do would be to level the playing field for everyone, so that nobody gets the report ahead of anyone else (and thus swings the market in a certain direction).  Same reason insider trading is regulated in the real world.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #166 on: October 21, 2014, 06:40:26 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #167 on: October 21, 2014, 08:51:36 pm »

Personally I think the asset owners should be paying for the review, NXT users should not be having to pay to see the contents of the reports whatosever
Just my opinion of course

Not a problem to register new account, or new NXT address. No way to prove who's having assets who's not...

pf.. reviews will be done free, and listed free. No one has to pay. We plan on monetizing by selling ADVANCE subscriptions, probably 24 hours, so professionals can choose to subscribe and get the news first.
I think asset owners should be able to pay something to be able to eliminate an advance report.  I mean the fairest thing to do would be to level the playing field for everyone, so that nobody gets the report ahead of anyone else (and thus swings the market in a certain direction).  Same reason insider trading is regulated in the real world.

Reviews can be pusblished as they like.

But if there is "breaking news" or "Ad-Hoc news", then it would be ridiculous to postpone the publishing to the broad mass.

PS: I consider a IPO offer such a Ad-hoc news. Offering private investors the chance to invest early is basically insider trading.

jm2c

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #168 on: October 21, 2014, 09:21:24 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
Even if the review is bad, at least it's a sign of good faith on behalf of the asset issuer.  Perhaps have NXTInspect offer to re-review any poor rated asset for free after a given period of time (say 1 or 2 weeks) for any assets that pay to get reviewed and then get a poor rating?

This would make this service a lot closer to what the real world considers an audit.  Having investors paying to be able to see reports earlier than everyone else seems way too much like a private investment club instead of a review/audit service.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #169 on: October 21, 2014, 09:31:09 pm »

Personally I think the asset owners should be paying for the review, NXT users should not be having to pay to see the contents of the reports whatosever
Just my opinion of course

Not a problem to register new account, or new NXT address. No way to prove who's having assets who's not...

pf.. reviews will be done free, and listed free. No one has to pay. We plan on monetizing by selling ADVANCE subscriptions, probably 24 hours, so professionals can choose to subscribe and get the news first.
I think asset owners should be able to pay something to be able to eliminate an advance report.  I mean the fairest thing to do would be to level the playing field for everyone, so that nobody gets the report ahead of anyone else (and thus swings the market in a certain direction).  Same reason insider trading is regulated in the real world.

Reviews can be pusblished as they like.

But if there is "breaking news" or "Ad-Hoc news", then it would be ridiculous to postpone the publishing to the broad mass.

PS: I consider a IPO offer such a Ad-hoc news. Offering private investors the chance to invest early is basically insider trading.

jm2c
Agreed on the IPO.

We may in the future consult with issuers pre IPO , but we will let them issue their own ANN and then we may issue a report soon after.
This gives anyone following the ANN threads time to invest,  but it also gives subscribers the premium knowledge that comes with our service.
I would assume this is fair,  but we will always listen to the community.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #170 on: October 21, 2014, 09:35:11 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
Even if the review is bad, at least it's a sign of good faith on behalf of the asset issuer.  Perhaps have NXTInspect offer to re-review any poor rated asset for free after a given period of time (say 1 or 2 weeks) for any assets that pay to get reviewed and then get a poor rating?

This would make this service a lot closer to what the real world considers an audit.  Having investors paying to be able to see reports earlier than everyone else seems way too much like a private investment club instead of a review/audit service.
Its not investors who get the information first. and it's not all new assets. Analysis will be updated as often as required or information is available.
We are not giving advance peeks to new assets, we are selling our own due diligence.
 our primary goal is transparency. We want issuers to be open to the whole community,  with reports,  accounting,  and operating procedures.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #171 on: October 21, 2014, 09:41:39 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
Even if the review is bad, at least it's a sign of good faith on behalf of the asset issuer.  Perhaps have NXTInspect offer to re-review any poor rated asset for free after a given period of time (say 1 or 2 weeks) for any assets that pay to get reviewed and then get a poor rating?

This would make this service a lot closer to what the real world considers an audit.  Having investors paying to be able to see reports earlier than everyone else seems way too much like a private investment club instead of a review/audit service.
Its not investors who get the information first. and it's not all new assets. Analysis will be updated as often as required or information is available.
We are not giving advance peeks to new assets, we are selling our own due diligence.
 our primary goal is transparency. We want issuers to be open to the whole community,  with reports,  accounting,  and operating procedures.
Sorry, I meant having subscribers get the information first seems to me an awful lot like a private investment club, not an open and objective asset inspection/review company.
Revenues for a completely transparent asset inspection/review company should be being budgeted for by the asset issuers and provided by them, not by the people who are buying and selling the assets.  (Again, just my $0.02)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #172 on: October 21, 2014, 09:47:12 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
Even if the review is bad, at least it's a sign of good faith on behalf of the asset issuer.  Perhaps have NXTInspect offer to re-review any poor rated asset for free after a given period of time (say 1 or 2 weeks) for any assets that pay to get reviewed and then get a poor rating?

This would make this service a lot closer to what the real world considers an audit.  Having investors paying to be able to see reports earlier than everyone else seems way too much like a private investment club instead of a review/audit service.
Its not investors who get the information first. and it's not all new assets. Analysis will be updated as often as required or information is available.
We are not giving advance peeks to new assets, we are selling our own due diligence.
 our primary goal is transparency. We want issuers to be open to the whole community,  with reports,  accounting,  and operating procedures.

Sorry, I'm not native English, I'll try to explain, that I had in mind:

Before asset is issued, issuer pays fee for NXTInspect for auditing, consulting his planned asset (business plan, some personal information, revenues, etc.). NXTInspect, after audit and consulting, gives some rate for asset. If it is shit asses, then it is shit, if it is good assets, then it is good. Then asset issuer issues asset or not, it is his decision, but some kind of rating is already done. I thing rated asset by independent "auditor" could attract more investors, than unrated.

Are we talking about the same things? :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #173 on: October 21, 2014, 09:48:22 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
Even if the review is bad, at least it's a sign of good faith on behalf of the asset issuer.  Perhaps have NXTInspect offer to re-review any poor rated asset for free after a given period of time (say 1 or 2 weeks) for any assets that pay to get reviewed and then get a poor rating?

This would make this service a lot closer to what the real world considers an audit.  Having investors paying to be able to see reports earlier than everyone else seems way too much like a private investment club instead of a review/audit service.
Its not investors who get the information first. and it's not all new assets. Analysis will be updated as often as required or information is available.
We are not giving advance peeks to new assets, we are selling our own due diligence.
 our primary goal is transparency. We want issuers to be open to the whole community,  with reports,  accounting,  and operating procedures.
Sorry, I meant having subscribers get the information first seems to me an awful lot like a private investment club, not an open and objective asset inspection/review company.
Revenues for a completely transparent asset inspection/review company should be being budgeted for by the asset issuers and provided by them, not by the people who are buying and selling the assets.  (Again, just my $0.02)

This.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #174 on: October 21, 2014, 10:06:22 pm »

I think it would be good, that asset issuers pay for NXTInspect review and users get reports free of charge. It could be not so big fee for issuers to review their assets. If review is good, asset issuer is also winning, because his asset will have some trust and more buyers.
Even if the review is bad, at least it's a sign of good faith on behalf of the asset issuer.  Perhaps have NXTInspect offer to re-review any poor rated asset for free after a given period of time (say 1 or 2 weeks) for any assets that pay to get reviewed and then get a poor rating?

This would make this service a lot closer to what the real world considers an audit.  Having investors paying to be able to see reports earlier than everyone else seems way too much like a private investment club instead of a review/audit service.
Its not investors who get the information first. and it's not all new assets. Analysis will be updated as often as required or information is available.
We are not giving advance peeks to new assets, we are selling our own due diligence.
 our primary goal is transparency. We want issuers to be open to the whole community,  with reports,  accounting,  and operating procedures.
Sorry, I meant having subscribers get the information first seems to me an awful lot like a private investment club, not an open and objective asset inspection/review company.
Revenues for a completely transparent asset inspection/review company should be being budgeted for by the asset issuers and provided by them, not by the people who are buying and selling the assets.  (Again, just my $0.02)

This.

Yes, and any time a company pays for a review, there will be a conflict of interest. This is what happened with moody's and S&P. They were paid by the industry to do reviews, and they had a strong financial incentive to give good reviews, or the banks/etc. would go elsewhere. If NXTinspect's model is to charge companies for reviews, that is going to become a problem.

Otherwise, it looks like their only way to make money will be as a "private investment club". Not that there's anything wrong with that. You can make a lot of money doing that. It's a good business.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #175 on: October 21, 2014, 10:12:23 pm »

Hi printshop,

I think we're still early enough in this game that there has to be some kind of incentive for the asset inspectors/review company to actually review assets.
Personally, I don't think that having to pay for a review of my asset would make there be a bias towards getting a 'better' review - that's more of an issue with corruption I think.  But obviously someone has to pay for reviews, and I think the onus for shouldering that expense should fall on the asset issuer moreso.
By the way, I really like what you're doing with presenting your reviews in a wiki format - hopefully NXTInspect eventually moves forward with doing something similar.  Granted over time keeping everything current becomes more and more of a burden.

Although hopefully people will start to open their eyes to the fact that we have to stop investing in assets issued by new accounts.  Has there been a single asset released by a net new account recently that did not turn out to be a scam within the first 60 days?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #176 on: October 21, 2014, 10:23:10 pm »

Hi printshop,

I think we're still early enough in this game that there has to be some kind of incentive for the asset inspectors/review company to actually review assets.
Personally, I don't think that having to pay for a review of my asset would make there be a bias towards getting a 'better' review - that's more of an issue with corruption I think.  But obviously someone has to pay for reviews, and I think the onus for shouldering that expense should fall on the asset issuer moreso.
By the way, I really like what you're doing with presenting your reviews in a wiki format - hopefully NXTInspect eventually moves forward with doing something similar.  Granted over time keeping everything current becomes more and more of a burden.

Although hopefully people will start to open their eyes to the fact that we have to stop investing in assets issued by new accounts.  Has there been a single asset released by a net new account recently that did not turn out to be a scam within the first 60 days?

How about LTCShare2g?
I don't much like this statement, 'old boy'  ;D. What happened to innocent until proven guilty?

See you point that it is more likely that a scammer will use a newbie account, but how long does a person with a great idea (and these go stale really fast in crypto) need to hang around to get any sort of credibility?

Besides, how would you know that I am not a scammer that is just biding his time... I may come out with an fake asset in a month or 2... well, OK, it would be pretty stupid of me to be a scammer and still put my real name as the account handle... It is a matter of principle for me though  8).
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #177 on: October 21, 2014, 10:27:38 pm »

NXTinspect will never take any fees for performing reviews.

We will make suggestions and comments free of charge so as to best help Asset Issuers and Managers organize their information. If they appreciate our initial information, and wish deeper consulting, we will work with them to best move with their asset.
This may involve organizing their accounting practices, or work on investor relations.
As these, among other criteria are important to investors, and by extension important to our review process, our rating of these assets may increase with proper procedures.

That is not to say because someone pays us to help with their accounting, their score will go up X points, but IF someone goes from a zero with no accounting to turning over all their books to us, for a verifiable, spreadsheet entered weekly and posted in the forums, we would feel the accounting score should go up.

This applies to all criteria. We will however be sure to note publicly in the review any areas that NXTinspect consultation advice has contributed to the score increase. As well, if these areas of improvement start to lapse and deteriorate, we will not hesitate to decrease scores accordingly.

We have developed a new clear cut criteria sheet that we will be publishing publicly, so everyone will be able to see all scores and according requirements.

We feel that these asset improvements will be benefits to the whole nxt community.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #178 on: October 21, 2014, 10:34:36 pm »

Haha damn, you guys will make and post a spreadsheet for me every week for free? :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #179 on: October 21, 2014, 10:48:04 pm »

Haha damn, you guys will make and post a spreadsheet for me every week for free? :)

Ideally we will get you to where post a spreadsheet yourself.
We may indeed track dividends and ROI across a sector.  If we see great movement in mining for example, we will compare some reports, and crunch some numbers, and let our subscribers know where the value lays and what's not doing as well.

The reports themselves won't scream buy or sell. BUT the information will be gleamed by our super computer in a hollowed out volcano (google), when it runs 8 weeks sector wide and sees some trends.. This is what the subscribers really are paying for.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #180 on: October 22, 2014, 05:50:27 am »

There's a guy on the last episode of LTB speaking about asset verification via ssl certificate to be sure that, if someone issues the Starbucks asset, they are really the owners of Starbucks. I was thinking, can we verify the asset owners websites with a DNS entry? That could be an additional verification done by NXTInspect 
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #181 on: October 22, 2014, 02:14:46 pm »

There's a guy on the last episode of LTB speaking about asset verification via ssl certificate to be sure that, if someone issues the Starbucks asset, they are really the owners of Starbucks. I was thinking, can we verify the asset owners websites with a DNS entry? That could be an additional verification done by NXTInspect

Well whats to stop someone from hacking a website, making a local clone (ie starbucks.tv), and what about crypto businesses, who knows for sure if its supenet.org or supernet.net?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #182 on: October 22, 2014, 02:40:09 pm »


There's a guy on the last episode of LTB speaking about asset verification via ssl certificate to be sure that, if someone issues the Starbucks asset, they are really the owners of Starbucks. I was thinking, can we verify the asset owners websites with a DNS entry? That could be an additional verification done by NXTInspect

Well whats to stop someone from hacking a website, making a local clone (ie starbucks.tv), and what about crypto businesses, who knows for sure if its supenet.org or supernet.net?

If you have an asset and you have the official website to be Starbucks.tv, you can verify your asset with the DNS entry, but when you guys rate it you will rate is shit. Of course I hope someone visits Starbucks.tv before buying that asset.
For sure a name in the Whois database is a better reference than a anonymous one.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #183 on: October 22, 2014, 02:45:35 pm »


There's a guy on the last episode of LTB speaking about asset verification via ssl certificate to be sure that, if someone issues the Starbucks asset, they are really the owners of Starbucks. I was thinking, can we verify the asset owners websites with a DNS entry? That could be an additional verification done by NXTInspect

Well whats to stop someone from hacking a website, making a local clone (ie starbucks.tv), and what about crypto businesses, who knows for sure if its supenet.org or supernet.net?

If you have an asset and you have the official website to be Starbucks.tv, you can verify your asset with the DNS entry, but when you guys rate it you will rate is shit. Of course I hope someone visits Starbucks.tv before buying that asset.
For sure a name in the Whois database is a better reference than a anonymous one.

youre right on the WHOIS. Smart idea. The corporate model will throw too much red tape in between. I'm sure starbucks.com is not listed on the WHOIS as owned by Howard Schultz.
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crumb-bum

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #184 on: October 22, 2014, 10:10:46 pm »

Hi team inspect--

I posted this on another thread, but you're more likely to see it here.

What if nxtinspect sent interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure? You could send them as PM on this forum or better yet arbitrary messages on the client. I'd pay for that service if the price were cheap enough, say 5-10 NXT. Imagine 1000 people subscribe to that service at 5 NXT/day--you'd be bringing in 5,000 NXT/day for doing nothing (I'm assuming a bot could perform this function). Based on 1M shares total, that alone would represent 1.8 NXT annual earnings for nxtinspect, justifying today's asset price of 3.4.




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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #185 on: October 23, 2014, 03:12:47 am »

Hi team inspect--

I posted this on another thread, but you're more likely to see it here.

What if nxtinspect sent interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure? You could send them as PM on this forum or better yet arbitrary messages on the client. I'd pay for that service if the price were cheap enough, say 5-10 NXT. Imagine 1000 people subscribe to that service at 5 NXT/day--you'd be bringing in 5,000 NXT/day for doing nothing (I'm assuming a bot could perform this function). Based on 1M shares total, that alone would represent 1.8 NXT annual earnings for nxtinspect, justifying today's asset price of 3.4.

Want a job? We're looking for someone to send interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure.

We pay 1NXT per user per day with a 5nxt per user sign up bonus ;)
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crumb-bum

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #186 on: October 23, 2014, 10:26:43 am »

I guess you're pretty busy  :-X

I'm a little busy myself these days...

I'll ask a friend if he's interested.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #187 on: October 23, 2014, 02:32:48 pm »

Hi team inspect--

I posted this on another thread, but you're more likely to see it here.

What if nxtinspect sent interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure? You could send them as PM on this forum or better yet arbitrary messages on the client. I'd pay for that service if the price were cheap enough, say 5-10 NXT. Imagine 1000 people subscribe to that service at 5 NXT/day--you'd be bringing in 5,000 NXT/day for doing nothing (I'm assuming a bot could perform this function). Based on 1M shares total, that alone would represent 1.8 NXT annual earnings for nxtinspect, justifying today's asset price of 3.4.

Want a job? We're looking for someone to send interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure.

We pay 1NXT per user per day with a 5nxt per user sign up bonus ;)

If sending one message costs 1 NXT, and you are sending one a day and getting paid one a day, how does one make money on this?

BTW, I am interested, quite like spreadsheets and number crunching...
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #188 on: October 23, 2014, 03:07:05 pm »

Hi team inspect--

I posted this on another thread, but you're more likely to see it here.

What if nxtinspect sent interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure? You could send them as PM on this forum or better yet arbitrary messages on the client. I'd pay for that service if the price were cheap enough, say 5-10 NXT. Imagine 1000 people subscribe to that service at 5 NXT/day--you'd be bringing in 5,000 NXT/day for doing nothing (I'm assuming a bot could perform this function). Based on 1M shares total, that alone would represent 1.8 NXT annual earnings for nxtinspect, justifying today's asset price of 3.4.

Want a job? We're looking for someone to send interested parties automated daily updates of the NAV for JLH, nxtventure, supernet, sharks, and any other assets with a mutual-fund or holding-company structure.

We pay 1NXT per user per day with a 5nxt per user sign up bonus ;)

If sending one message costs 1 NXT, and you are sending one a day and getting paid one a day, how does one make money on this?

BTW, I am interested, quite like spreadsheets and number crunching...
Ha you're right jansako.  That was the first test of your accounting skills.
We're working on a subscription model and we're looking to hire interns who are interested and capable with data research.
Ideally they would have a fund or two they keep track of regularly.
We will have to build the subscriber list, and exact model but I see there being a really good way to build some reoccurring revenue.

PM if you want to talk more.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #189 on: November 07, 2014, 09:33:35 pm »

Any developments?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #190 on: November 08, 2014, 01:36:13 am »

Any developments?

We have consults and accounting ongoing. We're waiting for the second version of reports to be made live on nxtreporting. We're also aiming to do our first dividend on 12/1.

In our next team meeting, I'll be bringing up communication so our investors are more consistently informed.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #191 on: November 08, 2014, 02:51:05 am »

Thanks, whale, glad to hear it. Dividend will be good. Keeping investors informed ditto. I have high hopes for nxtinspect.
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tank

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #192 on: November 11, 2014, 02:31:29 pm »

I'm curious...dividend for what ???
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #193 on: November 11, 2014, 03:16:24 pm »

Hey Tank

 Dividend from earnings. We've been focusing on the consulting aspect, been paid for one job, three or four more in pre-consult phase right now.

 
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #194 on: November 12, 2014, 01:32:36 pm »

Im glad to hear that :D
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #195 on: November 27, 2014, 02:46:01 pm »

Hey Tank

 Dividend from earnings. We've been focusing on the consulting aspect, been paid for one job, three or four more in pre-consult phase right now.

I'm sorry if this has already been said somewhere else, but when do you expect dividends to be paid?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #196 on: November 27, 2014, 04:36:16 pm »

We have consults and accounting ongoing. We're waiting for the second version of reports to be made live on nxtreporting. We're also aiming to do our first dividend on 12/1.

In our next team meeting, I'll be bringing up communication so our investors are more consistently informed.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #197 on: November 28, 2014, 12:04:25 pm »

Hey Tank

 Dividend from earnings. We've been focusing on the consulting aspect, been paid for one job, three or four more in pre-consult phase right now.

I'm sorry if this has already been said somewhere else, but when do you expect dividends to be paid?

http://mynxt.info/blockexplorer/details.php?action=ac&ac=685323659737000780

We have received 37086 NXT so far and we are waiting for one more payment. If it doesn't make it into the Dec dividend, it will be included into the January dividend. We're also working on two large projects which should be included in the January or February dividend.

Finally, we intend to add some Christmas cheer into the December dividend as a thank you :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #198 on: November 28, 2014, 03:52:32 pm »

Hey Tank

 Dividend from earnings. We've been focusing on the consulting aspect, been paid for one job, three or four more in pre-consult phase right now.

I'm sorry if this has already been said somewhere else, but when do you expect dividends to be paid?
Good news!  Thanks for the update

http://mynxt.info/blockexplorer/details.php?action=ac&ac=685323659737000780

We have received 37086 NXT so far and we are waiting for one more payment. If it doesn't make it into the Dec dividend, it will be included into the January dividend. We're also working on two large projects which should be included in the January or February dividend.

Finally, we intend to add some Christmas cheer into the December dividend as a thank you :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #199 on: December 01, 2014, 05:19:19 am »

watching :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #200 on: December 01, 2014, 09:13:25 pm »

Apologies - I have to re-download the blockchain and its taking a while, I hope to have it downloaded tomorrow (2/12) and will process the dividend then.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #201 on: December 02, 2014, 05:20:50 am »

NXT Inspect Dividend Paid based on timestamp Dec 2nd 0:00 GMT

Income 37086 NXT
Deductions were 0 NXT
Xmas Bonus Dividend adds 1:1 37086 NXT
Total = 74712
Assets in circulation = 750,057
Raw Dividend = 0.09888 NXT
Final Dividend = 0.1 NXT (75005.7) NXT paid out to 558 asset holders.

There were 21 timeout errors using the dividend distribution tool - I will manually review and correct these during the course of the day - no need to PM if your account is on this list and you did not get a dividend unless this is still the case tomorrow

*EDIT: I can't post the dividend list here its too long  :-\ I will post a google doc link in a bit.

Dividend List
https://docs.google.com/spreadsheets/d/12C5oYUu3hNJcbLcNmClHUO4m8fettAExbKC1FFm7lWs/edit?usp=sharing

*EDIT2: All transactions checked as completed.
« Last Edit: December 02, 2014, 06:55:31 am by chanc3r »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #202 on: December 02, 2014, 05:26:34 am »

Thanks, nxtinspect! Dividend received and very much appreciated.

Love to hear about your latest plans and doings…

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #203 on: December 02, 2014, 06:56:18 am »

Thanks, nxtinspect! Dividend received and very much appreciated.

Love to hear about your latest plans and doings…

We will be posting an update soon, didn't want to delay the dividend while we get this ready.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #204 on: December 02, 2014, 07:38:31 am »

Awesome! thankyou for the dividend payout, 0.1 Nxt per Nxtinspect share. I was not expecting any returns on this investment for some time I will likely reinvest these funds back into this promising venture. Good day all!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #205 on: December 02, 2014, 07:53:41 am »

Thanks, nxtinspect! Dividend received and very much appreciated.

Love to hear about your latest plans and doings…

Awesome! thankyou for the dividend payout, 0.1 Nxt per Nxtinspect share. I was not expecting any returns on this investment for some time I will likely reinvest these funds back into this promising venture. Good day all!

You're welcome.

We're also updating the ANN to better streamline our services by providing a clear overview to forum users/ potential clients. We're also looking into a monthly shareholder report which will provide greater information on the projects that we are currently working on so NXTI holders will know what assets are upcoming without the worry of whether it is a scam or not.



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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #206 on: December 03, 2014, 03:26:13 am »

Awesome! thankyou for the dividend payout, 0.1 Nxt per Nxtinspect share. I was not expecting any returns on this investment for some time I will likely reinvest these funds back into this promising venture. Good day all!
+1
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #207 on: January 02, 2015, 11:12:01 am »

Unfortunately we will not be issuing a December dividend. Specifically, this was due to current projects discontinuing (legal reasons) and lack of new projects over the December period. However, we are on track to releasing a January dividend (which will include the NXT we received in December).

We have issued a buy wall at 2.5 for those who are disappointed by this news.

All the best for 2015!
« Last Edit: January 04, 2015, 12:45:02 pm by whale »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #208 on: January 03, 2015, 02:17:51 am »

Everything is hard in the beginning, so I never see the short-term interests, I believe nxtinspect will have good development ;)
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #209 on: January 07, 2015, 11:45:32 am »

Everything is hard in the beginning, so I never see the short-term interests, I believe nxtinspect will have good development ;)

Thanks tank. Keep a lookout for this months dividend!
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #210 on: January 21, 2015, 02:45:39 am »

Just giving everyone a quick update that this month will likely be our largest payout yet!

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #211 on: February 01, 2015, 05:31:22 pm »

February 1 NXTinspect Dividend information can be found here

https://nxtforum.org/index.php?topic=8027.msg158086#msg158086
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #212 on: March 14, 2015, 01:25:22 pm »

February 1 NXTinspect Dividend information can be found here

https://nxtforum.org/index.php?topic=8027.msg158086#msg158086
Have you already done an auditing of Nxtmemo?
In one hand you distribute NXTmemo as dividend and on the other hand the biggest asset holder of NXTinspect is dumping his shares of NXTmemo at 0.3.
Not good for the trust  >:(

Edit:
Don't take this post too seriously as you have already answered in another forum. Good luck with your asset. I'll keep investing in NXTInspect and "Hodling" long term.
« Last Edit: March 14, 2015, 10:14:26 pm by Amalgamus »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #213 on: April 06, 2015, 11:08:46 am »

Chanc3r will have an update for everyone soon. The account's value is now around 900,000 NXT.
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #214 on: April 25, 2015, 10:10:19 am »

For those of you who missed the April update, I have pasted it below. We will be announcing a new service in the coming weeks. Stay tuned!

Dear NXTi Assetholders,

This is the April update to let you know where we are with NXTi, sorry its delayed I was unexpectedly offline the whole of last week.

We continue to offer advisory and escrow services to a number of assets which currently includes:

CVF
FreebieServers
Liquid
Phoenix
SuperNET

As a result NXTi has received a number of assets in payment, excluding the NXTi assets held, the liquidation value of NXTi is ~800k if we could sell all these assets at current prices.
We do not dividend or liquidate assets / payments received where engagements have not been completed or we believe there is value in holding onto these assets longer.
On this basis NXTi is not distributing a dividend once again this month but will retain the assets and continue to build the business and value for its assetholders.
As with other months where there is no dividend we are establishing a buywall for 5% of the asset in circulation at 2.5 NXT which we think at the moment is a sustainable buy back price.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #215 on: May 01, 2015, 11:05:39 am »

Cool, looking forward to hearing more.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #216 on: May 01, 2015, 12:48:19 pm »

Your asset is going through the roof :) Anything that you guys know?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #217 on: May 01, 2015, 12:53:08 pm »

Your asset is going through the roof :) Anything that you guys know?

Inaccurate dividend rumour. For a while it seemed like a 50% dividend might be on the cards. A whale went in big up to 11.
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Amalgamus

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #218 on: May 01, 2015, 01:00:42 pm »

Your asset is going through the roof :) Anything that you guys know?

Inaccurate dividend rumour. For a while it seemed like a 50% dividend might be on the cards. A whale went in big up to 11.
Thanks Cassius.
It's often rewarding when you can accumulate before the news on an asset with potential, rather than running after the price afterwards.
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #219 on: May 04, 2015, 03:32:41 am »

The May update has been posted. This includes details about the dividend https://nxtforum.org/nxtinspect/(ann)-may-update/
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Amalgamus

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #220 on: May 08, 2015, 12:50:57 am »

Thanks so much guys for the nice dividends. Didn't expect such a good return. ;D
I'll be holding long term and get more of your shares when I see an opportunity to do so.
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #221 on: May 08, 2015, 09:32:29 am »

Thanks so much guys for the nice dividends. Didn't expect such a good return. ;D
I'll be holding long term and get more of your shares when I see an opportunity to do so.

You're welcome! Thank you for investing  :)
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #222 on: November 01, 2015, 02:36:50 pm »

Hi, nxtinspect! Do you have any updates for your investors? It's been a while, unless I'm missing something. Thanks!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #223 on: November 07, 2015, 09:23:31 am »

Hi, nxtinspect! Do you have any updates for your investors? It's been a while, unless I'm missing something. Thanks!

Apologies for the delay. There will be a dividend on the 1st of December!  :)

A more in-depth announcement will be made shortly.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #224 on: December 02, 2015, 10:28:33 pm »

Thanks for the Dividend! Could we get a brief operations update?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #225 on: December 02, 2015, 11:02:17 pm »

UPDATE

We just paid a 0.2 NXT dividend per asset.

Last minute we decided to not pay out the assets that we have accumulated for services due to the excessive fees involved. Therefore, over the next month or two, we will be selling the following assets for another January or February dividend.

The assets include EIX, TVE, FARL, SUPERNET and LQD (subject to crowdsale completion). 


We currently receive a number of monthly payments for escrow and our consulting business is doing well. Recently we assisted Farla Webmedia in executing their business plan for a highly successful crowdsale. We have also had to decline a number of applications as they did not meet our expectations; succinctly we either didn't feel that they were far enough in development or did not offer enough value to investors. 


We hope enthusiasm to crowd fund on the NXT AE continues to grow in 2016 and we look forward to working with more exciting projects!
« Last Edit: December 02, 2015, 11:04:58 pm by 80114 »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #226 on: January 06, 2016, 09:13:53 pm »

Is selling assets to fund dividends a sustainable business strategy?

Anwyays, I'm thinking of buying you guys out. You could still manage the company if you wanted but you would be working for me. What's your book value? Thanks.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #227 on: January 29, 2016, 11:11:13 am »

Hey Guys,

can anybody tell me how I send NXTInspect from my wallet (nxtclient 1.7.4) to another exchange?

The Form "Send Currency" doesnt accept "NXTI" or "NXTInspect" as code ... what's the right "Currency Code"? .. or is it not possible to send NXTInspect?

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #228 on: January 29, 2016, 11:29:28 am »

Hey Guys,

can anybody tell me how I send NXTInspect from my wallet (nxtclient 1.7.4) to another exchange?

The Form "Send Currency" doesnt accept "NXTI" or "NXTInspect" as code ... what's the right "Currency Code"? .. or is it not possible to send NXTInspect?

NXTInspect is an asset. Go to Asset exchange->My assets and you'll see "transfer" button in the right side near your assets.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #229 on: January 29, 2016, 11:31:59 am »

Oh, no... shame on me because of this stupid question  :D

thx a lot!
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #230 on: January 31, 2016, 09:02:00 am »

Any updates on this asset?
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #231 on: January 31, 2016, 11:16:10 am »

Any updates on this asset?

In the absence of a reply
They are still active and seem to be making NXT but their Asset Holder care stinks. I hope they are giving better advice to their customers or we are all in trouble.
Does anyone have any idea about their track record. I know CasinoTool died after they got involved (as far as I can tell). I am not clear on the long term successes at all.

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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #232 on: January 31, 2016, 12:07:33 pm »

Any updates on this asset?

In the absence of a reply
They are still active and seem to be making NXT but their Asset Holder care stinks. I hope they are giving better advice to their customers or we are all in trouble.
Does anyone have any idea about their track record. I know CasinoTool died after they got involved (as far as I can tell). I am not clear on the long term successes at all.

I don't know who you are or where you got your information from.
I also don't know what CasinoTool is, never heard of it and never involved in it.

Projects that NXTi has been involved in are numerous including,

SuperNET
Liquid
FarlaWeb
TVE

To name a few.

We pay dividends based on our work which is client based and often confidential at the time it is taking place.
We made it clear from the beginning that this asset would not pay dividends every month but would provide returns based on completion of projects with clients.
Some don't complete and on some of those we do not make a return.
We then announce the results of the work with those clients such as Liquid, TVE, Farla
We don't post every week to drive speculation or support those who would like to quick-trade to take advantage of others who are less well informed.
I don't spend all my time of this forum these days, I am generally here once or twice a week and I always respond to direct messages from known investors.

Our only income from the work is the dividend which we share with asset holders.
We have never sold assets to fund dividends (printshop its nice to know you have not lost your unreasonable dislike of us)

There will be a dividend on 1st Feb as previously announced, as this includes some completed project work and other assets I wanted to be sure those asset owners were comfortable with the enhanced distribution. Details will be posted on 1st Feb as I posted a while ago.
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #233 on: January 31, 2016, 12:10:46 pm »

Great thanks for the answers. I just wanted to be sure this asset is still alive. Had some bad experiences lately...

Verstuurd vanaf mijn SM-N910F met Tapatalk

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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #234 on: January 31, 2016, 12:12:33 pm »

Great thanks for the answers. I just wanted to be sure this asset is still alive. Had some bad experiences lately...

Verstuurd vanaf mijn SM-N910F met Tapatalk

You are welcome - this asset has no overheads or liabilities, so if we ever wind it up then we will distribute the contents of the ISSUER account to all asset holders proportionally so if you want to look at current value - just look at that account.
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whatnxt

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #235 on: January 31, 2016, 03:50:18 pm »

Who am I? Just someone who owns a few NXTInspect Assets.

It would be nice to know how successful or otherwise you guys have been. Except for the arguments with printshop, The source of which NXTinspect never explained properly. It is hard to tell if you have been successful or not.
 
As for the dividend payments; the need for irregular payments was obvious at the start. You cannot pay what you do not have. However, as I understand it, you run a subscription model for escrow and so should be generating a regular income by now. That is assuming you have been successful, if not then I guess we are still in the start up phase...


Any updates on this asset?

In the absence of a reply
They are still active and seem to be making NXT but their Asset Holder care stinks. I hope they are giving better advice to their customers or we are all in trouble.
Does anyone have any idea about their track record. I know CasinoTool died after they got involved (as far as I can tell). I am not clear on the long term successes at all.

I don't know who you are or where you got your information from.
I also don't know what CasinoTool is, never heard of it and never involved in it.

Projects that NXTi has been involved in are numerous including,

SuperNET
Liquid
FarlaWeb
TVE

To name a few.

We pay dividends based on our work which is client based and often confidential at the time it is taking place.
We made it clear from the beginning that this asset would not pay dividends every month but would provide returns based on completion of projects with clients.
Some don't complete and on some of those we do not make a return.
We then announce the results of the work with those clients such as Liquid, TVE, Farla
We don't post every week to drive speculation or support those who would like to quick-trade to take advantage of others who are less well informed.
I don't spend all my time of this forum these days, I am generally here once or twice a week and I always respond to direct messages from known investors.

Our only income from the work is the dividend which we share with asset holders.
We have never sold assets to fund dividends (printshop its nice to know you have not lost your unreasonable dislike of us)

There will be a dividend on 1st Feb as previously announced, as this includes some completed project work and other assets I wanted to be sure those asset owners were comfortable with the enhanced distribution. Details will be posted on 1st Feb as I posted a while ago.
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alter^investments

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #236 on: January 31, 2016, 04:31:18 pm »

I can not understand the essence of this asset. Now on the Internet you can buy copies of any documents. Look how many different networks HYIP and  Ponzi . Almost all of them are certified and verified accounts in payment systems . It does not prevent them cheat people .
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #237 on: February 02, 2016, 06:49:07 am »

What is your announcement and dividend? It is Feb 2rd now!

Edit:Sorry! Just got it: https://nxtforum.org/nxtinspect/(div)-feb-1st/?topicseen
« Last Edit: February 02, 2016, 06:55:55 am by 8 »
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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #238 on: February 05, 2016, 03:22:52 pm »

We have never sold assets to fund dividends (printshop its nice to know you have not lost your unreasonable dislike of us)

Chanc3r, it is the victors who write history. Whale was a real jerk to me, and said some very nasty things about me and my business. Those things he said caused nearly irreparable damage to NXT itself, and this community. But that is ancient history. There's really no point in dragging up a laundry list of failures on either side. I mean, unless you really want to. But I don't see a point.

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.

I'd be more than happy to discuss the problems holding your business back privately, but I want honesty from you chanc3r. I only fear it is too late for the community and for NXT as a whole. It should be obvious to you the revolution is not coming any time soon. It might if you work together to bring it about. But "like this", no. Think about this please.

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #239 on: February 05, 2016, 03:36:07 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?
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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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printshop

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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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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.

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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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printshop

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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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