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Which exchange is it? Name? No hype please.

Why would this be considered "hype"?  Please don't discourage people from making announcements related to Nxt, it's annoying.  Also, there is nothing wrong with people getting excited about various news in crypto and Nxt.  TXTCoinsNow no need to apologize.

Sorry guys but im just cranky over me 49 BTC via this platform

Things have good potential Looking forward in options

I am not going to give you any hype or hints but there something very pleasant I may stay here much longer

So sorry for the loss..

Thanks for your hard work.

Some questions were asked of us in a different thread and thought the answers would best fit in this thread:


1. "Where is Cointropolis incorporated and under what legal authority do they claim to have made the "agreement" with GoCoin"

Any service is able to accept NXT, it's completely open source and needs no permission from any entity. Ever since Miami, we worked to get them to accept them.  If you look back over the last few months, there were a number of swarms created, just like we've done with exchanges in the past.

So when you say agreement, it's nothing more than GoCoin committing to add NXT. Just like any exchange, any other service. If someone is able to bring on Coinbase, Bitpay etc.. all the better. It's just one more company willing to accept it.  All we've done is help promote it since it brings a fiat option for NXT, nothing more.


2. Blindly hyping a poorly defined and executed deal while failing to perform adequate due diligence is a surefire method to ending up with a divided community.

We were excited that after tons of swarms (check the history, we even had swarms on their FB from community members) they finally were willing to add it to their offering.  There is no deal, they decided to accept NXT. 


3. "GoCoin and Bitcoinshop appear to be bleeding VC cash at a rapid and unsustainable rate. What guarantee does the NXT community have that GoCoin doesn't go bankrupt taking millions of NXT with it?"

There are some exchanges that currently support NXT that I'm not particularly comfortable with myself. With that being said, nothing stops any community member from contacting a service and adding it.  Like anything else, it's up to the community to keep a watch on how NXT is being used and do what they can to warn others.

One of the biggest barriers to adoption is making it easy for merchants to accept NXT. I understand some believe businesses should just hold NXT directly, however, the reality is that doesn't pay the electric, the employee salaries or supplies.  As mentioned above, I would hope NXT would be on all payment processors.

4."What we are witnessing is a form of a "Network Fork" within the NXT community. NXT Marketing Committee declined to support the $30,000 for PayExpo, and then a group of private NXT donors and the NXT Community Fund paid for the PayExpo AGAINST Nxt community consensus."

This was a private venture with Salsa. He brought it into the community after meeting Lee and fund raising already began. If we look back through the history, we had no part whatsoever with that initial piece. Funding came in from some of the larger stake holders and Salsa asked if I would speak and network.

At the time I was extremely skeptical on the ROI, I didn't think NXT was ready.  Frankly, Lee came in like a tornado and wasn't quite sure what to make of it.  I believe we were right to be skeptical, but he delivered. The speech was standing room only, the interviews were back to back and the exhibitors were receptive to the message.


5.  "How do you plan to rectify the lack of communication between Cointropolis and NXT community? "

When it comes to setting up swarms, assisting others (like Amsterdam) on conferences and bringing new business in NXT, I seem to do pretty well.  When it comes to communication with the community, I just didn't live up to expectation.  NiftyNikel is far better at this piece and will be a better communicator moving forward.


6. "Under what business structure is Cointropolis operating? LLC? C Corporation? No corporate structure?"

We are currently a group that's looking to work in the crypto space. We are looking into an LLC, however, this is an important distinction. There are no legal agreements with ANY payment process, exchange etc.. we don't have any legal authority.  We're just trying our best to bring in as many services as possible into NXT. NXT being open source and not a company, nobody has any right to make a legal agreement for the whole. All CoinTropolis can promise a company is we'll do what we can to help get the word out. Businesses don't add NXT because they're bored.  That's all we want to do.

7. "That being said; the Cointropolis team appeared to do a good job representing NXT. Thank you for your hard work, every member of the team that attended."

We really appreciate that. A lot of great people helped.


8.  "When chanc3r has to publicly state that he is not seeking a portion of the "Donations for PayExpo"

This is a great question and one I'm glad that got brought up.

1. If the booth was co-branded with CoinTropolis, I can understand all the benefits of being there.

2. In the speech, I was not from CoinTropolis.  In the 400k interview, I was not from CoinTropolis.  Everything about that conference was about NXT.

3. Expenses were covered, fantastic.  However, the reality was we also had to take time off from our full time jobs to be there. Maybe in hindsight, we should have just charged for our time as part of the initial proposal. Our thought was simply do a great job, outline what you did and whoever wants to donate, will donate.  That's cheaper for everyone.

4. With the virtual token, any event we attend is tied to the asset. Going to the conference was part of the EventTropolis service.  For those that bought the asset, I would like to think they would like to see us ask for some type of donation so they can see the rewards from it.

If we do things for free, now we're upsetting those that want us to bring in money for the asset services. I felt like this was a good balance.

1. If we don't charge for the event, the community isn't forced to pay.

2. If we do a great job, some people will have no issue donating.

3. If we ask for donations, our asset holders will be able to share in that in rewards.

Let's say we raised 20,000k in donations, that would be earned money for the asset.


9. Developers notified

As soon as I posted the 'big announcement' thread, I PM'd wesley, Jean-luc etc.. and asked who else I should bring into the fold.  The bridge guys were also include in the announcement.

As soon as GoCoin's development team is ready for implementation, I will do a dual introduction.  When we were first trying to get Cryptsy to add us, after the miami meeting, I did a dual introduction with their key people and our different developers. If you need a date, I'd be happy to dig back through the emails.

Thank you for this extensive announcement. Please move and stay optopic guys.

On the Topic of Gocoin they was in IOM providing a presentation On how they work and related services for Gaming industry They seem to be very open about Gocoin on IOM

On the Topic of Gocoin they was in IOM providing a presentation On how they work and related services for Gaming industry They seem to be very open about Gocoin on IOM

TXT

Could you please put commas and dots in your sentences? I'm not native english speaker and it is very hard to get what you want to say. Thank you.

 

When should Nxt community expect a Status Report for NXT integration on GoCoin payment processing platform?

GoCoin tweeted 30 to 60 days

Thanks Eadeqa,

So, according to GoCoin June 16 tweet, NXT should be live on GoCoin between July 16, 2014 and August 16, 2014.

GoCoin requires $500 minimum daily transaction volume before depositing fiat to merchants bank account. One potential NXT client (a FFL firearm dealer) already opted to not use GoCoin over this minimum requirement. Only high sales volume businesses would potentially not be harmed by this minimum requirement. Do any other payment processors have a $500 daily minimum to pay to merchants account? Visa and MasterCard do not have minimum daily transaction requirements in order for merchants to receive deposits from sales.

What is the purposes of this $500 daily minimum?

Quote from: Eadeqa on June 25, 2014, 06:58:03 pm

Quote from: NxtMinnow on June 25, 2014, 06:56:45 pm

When should Nxt community expect a Status Report for NXT integration on GoCoin payment processing platform?

GoCoin tweeted 30 to 60 days

I set up a GoCoin merchant account. I have provided a BTC payout address and do not remember seeing a $500 daily minimum for withdrawl.

In the Terms of Use I did read this:

"You will not use the Payment Gateway to process payments for the sale of any goods or services that are illegal in any part of the world such as and including (i) narcotics, drugs or any controlled substances, (ii) fake products or any items that infringe or violate any intellectual property rights, (iii) ammunition, firearms, explosives or any other types of weapons, or (iv) child pornography, human trafficking or any other activities that in any way violate any human rights or morality;..."

So I'm not sure it the potential NXT client, the firearm dealer is stating the truth.

There is a split option for payment for fiat through a bank account which I did not set up. I will go further with this once NXT is functioning with GoCoin and let you know if I encounter an unusual barriers.

They did ask for my Drivers License and my Business Registration document. I was verified without any problems.

Now, I'm eagerly awaiting the option to accept NXT too!

In the Terms of Use I did read this:

"You will not use the Payment Gateway to process payments for the sale of any goods or services that are illegal in any part of the world such as and including (i) narcotics, drugs or any controlled substances, (ii) fake products or any items that infringe or violate any intellectual property rights, (iii) ammunition, firearms, explosives or any other types of weapons, or (iv) child pornography, human trafficking or any other activities that in any way violate any human rights or morality;..."

It's odd to say that they will not process payments for goods or services illegal in any part of the world. Some goods and services legal in the U.S. or Europe would be illegal in eastern asian countries, and vice versa. The way this is phrased, however, if a product or service is illegal in even one jurisdiction, they will not deal with the company selling it. This can't be what they mean, and it makes me wonder how carefully they have thought about their terms of service or business plan.

Also, how do they determine whose morality is violated? I suspect some Internet users have a rather wide-open moral landscape.

I don't take issue with their list of restricted items, and it looks like their morality is roughly in line with mine. But I have a very specific cultural and personal history that informs my morality, as does anyone. I just wonder how they decide which items go on the list. The relevant morality must be that of the owners of GoCoin, I guess.

Apologies in advance for hijacking this post and apologies as it is off topic also! But a friend of mine made me aware of the mention of CoinCorner on here, so I thought the least I could do was give you guys a response.

I'll keep this short and sweet, with more details to follow in due course.

Yes CoinCorner will be launching very soon, with fiat (GBP) to crypto and yes we are based on the Isle of Man.

The reason for such little information is because we want to announce the exchange when we are ready, there's nothing worse than lots of hype only to be let down.
I'll be sure to drop back in once we're ready to announce more!

And again apologies for hijacking the post!!