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Author Topic: NXTautoDAC - all of bluemeanie's automated profit making blockchain companies  (Read 59775 times)

jl777

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I am an irate investor of jl777hodl asset which now sees shares diluted by this 'giveaway'.
how does my personal jl777hodl asset distribution dilute yours?
I am using my personal holdings
plus jl777hodl is a "proxy" asset, its value is its contents, and wont change based on its distribution

please explain why you feel dilution?

Many will sell and price will go down.  Therefore dilution.

I own 49,000 jl77hodl assets, which were bought at 1.339, 1.34, and 1.37.  My sell order at will probably never get filled.

NXT-KHKB-6RCZ-FAWP-7E7H2

Perhaps I was mistaken in the management of this proxy fund.  Without dividends, I was under the impression that the asset issuer would maintain a price level that is reflective of the holdings value.  Your simply stating it has value because of what it holds is nonsense.  Can you answer in clearer terms why jl77hodl has value?  I feel like I'm left holding the bag on this one, and out a bunch of NXT.
There was a discussion of this elsewhere and if you really want to convert jl777hodl to what it contains, that can be accomodated. I am in the process of getting more liquidity and clearly recent events have not be kind to the prices, yesterday the jl777hodl value was 1.1

The largest one impacted by all this is madcow and I have sent him makegood even though he didnt request it after many of my requests.

I am sorry that you feel that my compulsion to compensate people will hurt your investment. I dont have the NXT to use and jl777hodl is the asset that will be impacted least by "dilution" because it is not being diluted. Granted short term if the people who get the makegood sell, it will depress the price, but that does not impact the value.

James

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VanBreuk

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no, poor performance would be delivering shitty/buggy code.  he delivered nothing.  this is THE definition (not mine) of a scam.

What is your definition?  Have you never received the email from the Nigerian prince's uncle who asks for payment to deliver gold to you?  If you were to pay him he would not deliver shitty/tainted gold, he would deliver no gold.  this is a classic scam.

I cannot understand how you do not see the 1:1 analogy here.

If anyone here doesn't want to see the obvious sense forkedchain is making, is simply because they don't want to see it.
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Johnson

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forkedchain,

I don't think it is ok. I agree with you that it is honorable to pay back part of the amount if you don't deliver. I would do so!

What I protest however is that you say he is a scammer, if he decides not to pay it back partly. It is not a scam. It is just poor performance. And I would not do business again with such person. And indeed I don't care if he spend it already. But I would not call him a scammer!

What is your definition of a scam?

Hey johnson, why not hold a karma vote?
people who agree with you can give you karma and people that agree with forkedchain a smite?
Up for that?


On the karma you clearly win.

But so did Bernie Madoff. It does not prove much.


I have seen projects in Bitcoin fail before due to poor management.

Typically only a few will speak up while most ignore or mock them, blinded by the $$$ they believe they will make. Been there myself.

I can only point out the red flags and hope people take them into account.


The fact that you bring up such questionable proposal of a karma vote is another red flag for you.
« Last Edit: June 18, 2014, 08:34:31 pm by Johnson »
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jl777

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 ???

Do you think I have low morals?

Why?

because you think its ok to keep money for completing a job even if you dont complete the job.  I will give that its possible that some could be kept, depending on the level of work done.  in this case that level is zero and you want to give bm1 a pass because he cashed it out.

in my book, people who behave like this are trash.  hope this answers your question

forkedchain,

I don't think it is ok. I agree with you that it is honorable to pay back part of the amount if you don't deliver. I would do so!

What I protest however is that you say he is a scammer, if he decides not to pay it back partly. It is not a scam. It is just poor performance. And I would not do business again with such person. And indeed I don't care if he spend it already. But I would not call him a scammer!

What is your definition of a scam?
Hey johnson, why not hold a karma vote?
people who agree with you can give you karma and people that agree with forkedchain a smite?
Up for that?

On the karma you clearly win.

But so did Bernie Madoff before it all collapsed.

I have seen many projects in Bitcoin fail.

Typically only a few will speak up while most ignore or mock them, blinded by the $$$ they believe they will make.

The fact that you bring up such useless proposal of a karma vote is another red flag for you.
I am not talking about comparing our karmas, just about using the karma system as a voting mechanism
its free, its fast and limit one per 24 hrs

my suggesting this karma vote is a red flag? you must see red flags everywhere you go
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Jack Needles

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I am an irate investor of jl777hodl asset which now sees shares diluted by this 'giveaway'.
how does my personal jl777hodl asset distribution dilute yours?
I am using my personal holdings
plus jl777hodl is a "proxy" asset, its value is its contents, and wont change based on its distribution

please explain why you feel dilution?

Many will sell and price will go down.  Therefore dilution.

I own 49,000 jl77hodl assets, which were bought at 1.339, 1.34, and 1.37.  My sell order at will probably never get filled.

NXT-KHKB-6RCZ-FAWP-7E7H2

Perhaps I was mistaken in the management of this proxy fund.  Without dividends, I was under the impression that the asset issuer would maintain a price level that is reflective of the holdings value.  Your simply stating it has value because of what it holds is nonsense.  Can you answer in clearer terms why jl77hodl has value?  I feel like I'm left holding the bag on this one, and out a bunch of NXT.
There was a discussion of this elsewhere and if you really want to convert jl777hodl to what it contains, that can be accomodated. I am in the process of getting more liquidity and clearly recent events have not be kind to the prices, yesterday the jl777hodl value was 1.1

The largest one impacted by all this is madcow and I have sent him makegood even though he didnt request it after many of my requests.

I am sorry that you feel that my compulsion to compensate people will hurt your investment. I dont have the NXT to use and jl777hodl is the asset that will be impacted least by "dilution" because it is not being diluted. Granted short term if the people who get the makegood sell, it will depress the price, but that does not impact the value.

James

Maybe I react too quickly -- too many interconnected assets that confuse.  Glad that you want to makegood.

With regards to jl777hodl:
* What is the process for reedeming jl777hodl for its constituent assets?
* Can this process be used for arbitrage when prices don't match value?
* What role do you play in this arbitrage?

thanks.
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Johnson

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no, poor performance would be delivering shitty/buggy code.  he delivered nothing.  this is THE definition (not mine) of a scam.

What is your definition?  Have you never received the email from the Nigerian prince's uncle who asks for payment to deliver gold to you?  If you were to pay him he would not deliver shitty/tainted gold, he would deliver no gold.  this is a classic scam.

I cannot understand how you do not see the 1:1 analogy here.

From the dictionary:
scam: a dishonest way to make money by deceiving people


Not delivering is not a scam. Not delivering may be due to many causes, incompetence, or bad management for example.

All depends on whether there was dishonesty or deception on the part of BM, not on whether he delivered or not.


So, no, it is not as clear cut as you present it.

What defines a scam is whether the person was dishonest or deceiving.

I don't have an opinion whether this was the case with BM, but I do suspect this with James.

But it's just an opinion, I am not running around here saying 'James is a scammer because he did not deliver and does not pay back!', which is my impression of you here.
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forkedchain

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...Not delivering is not a scam....

nobody said that. now, not delivering and also keeping the funds is though.
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jl777

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I am an irate investor of jl777hodl asset which now sees shares diluted by this 'giveaway'.
how does my personal jl777hodl asset distribution dilute yours?
I am using my personal holdings
plus jl777hodl is a "proxy" asset, its value is its contents, and wont change based on its distribution

please explain why you feel dilution?

Many will sell and price will go down.  Therefore dilution.

I own 49,000 jl77hodl assets, which were bought at 1.339, 1.34, and 1.37.  My sell order at will probably never get filled.

NXT-KHKB-6RCZ-FAWP-7E7H2

Perhaps I was mistaken in the management of this proxy fund.  Without dividends, I was under the impression that the asset issuer would maintain a price level that is reflective of the holdings value.  Your simply stating it has value because of what it holds is nonsense.  Can you answer in clearer terms why jl77hodl has value?  I feel like I'm left holding the bag on this one, and out a bunch of NXT.
There was a discussion of this elsewhere and if you really want to convert jl777hodl to what it contains, that can be accomodated. I am in the process of getting more liquidity and clearly recent events have not be kind to the prices, yesterday the jl777hodl value was 1.1

The largest one impacted by all this is madcow and I have sent him makegood even though he didnt request it after many of my requests.

I am sorry that you feel that my compulsion to compensate people will hurt your investment. I dont have the NXT to use and jl777hodl is the asset that will be impacted least by "dilution" because it is not being diluted. Granted short term if the people who get the makegood sell, it will depress the price, but that does not impact the value.

James

Maybe I react too quickly -- too many interconnected assets that confuse.  Glad that you want to makegood.

With regards to jl777hodl:
* What is the process for reedeming jl777hodl for its constituent assets?
* Can this process be used for arbitrage when prices don't match value?
* What role do you play in this arbitrage?

thanks.
I dont want this to be used for arbitraging as this process only works if the jl777hodl that is redeemed is sent to genesis acct.

The process is to contact me and work out the details,eg. timing, specific methods, etc.

my role in this is to verify that you did xfer to genesis and to MANUALLY send you the corresponding holdings.
Now some assets dont have decimals so fractions are a problem. I think to discourage usage of this method, I will just round down. So I think due to all the tx's needed and the fractional losses, arbitrage wont be so practical
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Johnson

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...Not delivering is not a scam....

nobody said that. now, not delivering and also keeping the funds is though.

Yes, you did:

no, poor performance would be delivering shitty/buggy code.  he delivered nothing.  this is THE definition (not mine) of a scam.


Same for not delivering and not returning the money. It is not a scam perse. It depends again on whether there was dishonesty or deception.

Sorry we can't find common ground.
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farl4bit

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BM just asked me on Skype my real name, otherwise he doesn't want to talk. I gave my real name, but he didn't.. He's talking about the Nxt community being anonymous sockpuppets, but he doesn't dare to talk to me.





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valarmg

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Same for not delivering and not returning the money. It is not a scam perse. It depends again on whether there was dishonesty or deception.

Sorry we can't find common ground.

So what would you call it if you gave a builder a few hundred grand to build your house. A little while later the builder decides he doesn't want to build the house anymore and instead flies to the bahamas with your money?
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forkedchain

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...Not delivering is not a scam....

nobody said that. now, not delivering and also keeping the funds is though.

Yes, you did:

no, poor performance would be delivering shitty/buggy code.  he delivered nothing.  this is THE definition (not mine) of a scam.


Same for not delivering and not returning the money. It is not a scam perse. It depends again on whether there was dishonesty or deception.

Sorry we can't find common ground.

uh, ok, and bm1 keeping the money after not delivering makes it a scam.  however, im not sorry for not finding common ground with you; I dont associate with people who think this is acceptable
« Last Edit: June 18, 2014, 09:29:52 pm by forkedchain »
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instacash

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BM just asked me on Skype my real name, otherwise he doesn't want to talk. I gave my real name, but he didn't.. He's talking about the Nxt community being anonymous sockpuppets, but he doesn't dare to talk to me.

http://i59.tinypic.com/2prikc9.jpg
http://i58.tinypic.com/f0t0fd.jpg
http://i62.tinypic.com/213qft2.jpg

What a guy.

Last time I checked not only his name but pretty much all his private details were available on Bitcointalk.
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Cassius

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BM just asked me on Skype my real name, otherwise he doesn't want to talk. I gave my real name, but he didn't.. He's talking about the Nxt community being anonymous sockpuppets, but he doesn't dare to talk to me.

http://i59.tinypic.com/2prikc9.jpg
http://i58.tinypic.com/f0t0fd.jpg
http://i62.tinypic.com/213qft2.jpg

What a guy.

Last time I checked not only his name but pretty much all his private details were available on Bitcointalk.

Whatever (wafer thin, barely visible side on) room there was for doubt, this pretty much kills it. Not cool.
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Johnson

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...Not delivering is not a scam....

nobody said that. now, not delivering and also keeping the funds is though.

Yes, you did:

no, poor performance would be delivering shitty/buggy code.  he delivered nothing.  this is THE definition (not mine) of a scam.


Same for not delivering and not returning the money. It is not a scam perse. It depends again on whether there was dishonesty or deception.

Sorry we can't find common ground.

uh, ok, and bm1 keeping the money after not delivering makes it a scam.  however, im not sorry for not finding common ground with you; I dont associate with people who think this is acceptable

You are putting words in my mouth, I do not find BM his position acceptable, I would ask for part of my money back too, I do however question you calling him a scammer, and how you do not make James equally responsible.

Feeling sad our connection broke :(
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forkedchain

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You are putting words in my mouth, I do not find BM his position acceptable, I would ask for part of my money back too, I do however question you calling him a scammer, and how you do not make James equally responsible.

Feeling sad our connection broke :(

sure you would ask for your money back, then what if he refuses?  is everything all hunkey dorey???

in the case of the 1M NXT, to whom is james responsible?  only to james.  so that is between james and james.
in the case of the 1M NXT, to whom is bm1 responsible?

Or are you really saying this is all james' fault for giving the 1M NXT in the first place, before payment is sent? ? ? ?

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FearTheReaper

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...Not delivering is not a scam....

nobody said that. now, not delivering and also keeping the funds is though.

Yes, you did:

no, poor performance would be delivering shitty/buggy code.  he delivered nothing.  this is THE definition (not mine) of a scam.


Same for not delivering and not returning the money. It is not a scam perse. It depends again on whether there was dishonesty or deception.

Sorry we can't find common ground.

uh, ok, and bm1 keeping the money after not delivering makes it a scam.  however, im not sorry for not finding common ground with you; I dont associate with people who think this is acceptable

You are putting words in my mouth, I do not find BM his position acceptable, I would ask for part of my money back too, I do however question you calling him a scammer, and how you do not make James equally responsible.

Feeling sad our connection broke :(
why are you two arguing semantics,

James didn't do his due diligence and BM took money intended to develop DACs. Both have blame, but differing levels of it.
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VanBreuk

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Both have blame, but differing levels of it.

Yeah, as similar as the guy who falls for a well staged scam IPO and the IPO scammer.
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