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.
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Topic: Discussion On NXT Deal With GoCoin / Bitcoin Shop / Coin Corner (Read 27941 times)