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Messages - PhoneOperator

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1
Nxt General Discussion / Re: NXT2PAY Products and Services
« on: November 29, 2014, 08:06:28 pm »
what is the pricing model of jumio?

2
Nxt Community News and Announcements / Re: HAPPY BIRTHDAY NXT
« on: November 24, 2014, 10:48:12 am »
Happy Birthday! Many good news to come.

3
Assets Board / Re: [ANN] VIRTUAL MOBILE OPERATOR FIAT EARNINGS TOKEN
« on: November 23, 2014, 06:36:00 pm »
But this one was paid?

Transaction: 4295072683389026591

hello

i sent you


Transaction 16110352411871929897 Info
Type:   Asset Transfer
Asset Name:   VoipInvest
Quantity:   975
Sender:   You
Recipient:   NXT-U4YC-UJKW-YH9J-4GKWK
time 11/12/2014 21:26:09

regards

4
Assets Board / Re: [ANN] VIRTUAL MOBILE OPERATOR FIAT EARNINGS TOKEN
« on: November 23, 2014, 09:53:33 am »
Transaction                     Asset            Date                 Quantity   Recipient                         Sender
8613099895916932151   VoipInvest   12/11/2014 16:04:42   1'667   NXT-CVKE-BY87-NHCY-GCAWK   You

Thanks about doing this guys - I am still not sure why my client is missing transactions...please note the requests that were not handled today(I handled few) will be handled by the end of next week - so this one stays for next week.

Also, please monitor this thread - there will be some really exciting news in the business space for NXT and huge benefit for investors but everything will be handled 100% legally, with support of lawyers,consultants and relevant regulators! - this mean better protection for you, the investor.

regards.

Will it be possible to speed it up a little? Assets transferred 2 days ago, by the end of the next week it will be almost 2 weeks to process... Thanks

One week passed, still have nothing in my account.

handled with discount - sorry for the delay.

5
Monetary System / Re: Testing MS on testnet
« on: November 21, 2014, 05:14:42 pm »
No, MS is not on testnet. Only when 1.4.0e is released, it will be put on testnet and MS will be available there.

Where can i download 1.4.0e and participate in the testing?
I have a project that depends heavily on MS crowdfunding use case, so why shall I not help you with testing it?

regards.

any rough/dirty ETA ?  :)
It's not yet available. You will find it in the NRS Releases forum once its ready.

6
Testnet / Re: If you want some testNXT - ask here
« on: November 21, 2014, 05:13:18 pm »
NXT-8TNC-N5QQ-S36Y-C3JBH
6f28503b3c9a4f831182b64593bfd25e04e2cba2801b60d38e47149692660962
- sent.

thanks!
any idea idea if i can download a release for testing Monetary system? I heard that i can do that with 1.4.0e that is already released?

7
Monetary System / Re: Testing MS on testnet
« on: November 21, 2014, 05:11:10 pm »
No, MS is not on testnet. Only when 1.4.0e is released, it will be put on testnet and MS will be available there.

Where can i download 1.4.0e and participate in the testing?
I have a project that depends heavily on MS crowdfunding use case, so why shall I not help you with testing it?

regards.

8
Testnet / Re: If you want some testNXT - ask here
« on: November 21, 2014, 12:45:56 pm »
Can I get around 1000 please?

NXT-8TNC-N5QQ-S36Y-C3JBH
6f28503b3c9a4f831182b64593bfd25e04e2cba2801b60d38e47149692660962

9
Monetary System / Re: Testing MS on testnet
« on: November 21, 2014, 12:40:17 pm »
Can I get some directions on how to test MS on testnet  - I installed NRS 1.3.4 on test mode.
Is that release ok to test MS? Can I get some test coins please?

NXT-8TNC-N5QQ-S36Y-C3JBH

MS is only available in NRS 1.4.0
Ask for test NXT here: https://nxtforum.org/testnet/some-testnxt-to-test-asset-exchange/msg132449/#msg132449

Where do I get 1.4.0. - the last one is 1.3.4 :
https://bitbucket.org/JeanLucPicard/nxt/downloads

10
Monetary System / Testing MS on testnet
« on: November 21, 2014, 11:59:26 am »
Can I get some directions on how to test MS on testnet  - I installed NRS 1.3.4 on test mode.
Is that release ok to test MS? Can I get some test coins please?

NXT-8TNC-N5QQ-S36Y-C3JBH

11
Nxt General Discussion / Re: Preferred Crowdfunding Model based on NXT !!!
« on: November 20, 2014, 12:23:16 am »
I just posted the graphic/web design draft for your review(please, check the first post in this thread) - let me know what you guys think?

12
Nxt General Discussion / Re: Preferred Crowdfunding Model based on NXT !!!
« on: November 18, 2014, 09:43:43 pm »
1)The loans will be given/paid back in NXT but tied to USD ... shall we leave the option for the business/borrower to receive loans in NXT only, without being tied to USD?(just as an option, the borrower and the investor shall be aware of the high risk here) I am aware that there are/will be businesses operating with NXt only but there is still a risk to spend the NXT  at low price and then one have to get it back at a higher price...in my opinion, the loan shall be strictly bounded to USD?
2) The borrower shall start giving the money back at some time interval, I propose to set that to 30 days and then maybe have other options later.
How about some time boundaries for the whole period of the loan? What shall be the maximum period - 1,2,3 years?

1) Having NXT/NXT only as an option is a good ideal. I bet in the future this option will be more popular.
2) Can the time be an option too? How about a revolving loan like a credit card? As long as the borrows pay the minimum they are good.

1) this one is quite dangerous if the price of nxt goes up...maybe we all shall get a feeling of the platform before we decide this...it is easier to implement though :)
2) my understanding is that the monetary system does not work like this - the funds will be either collected by given date or the money will be returned to investors

What is interesting  - if the issuer of the MS coin can specify another address to receive the money - this will easy the business coming from the outside world - I will be able to configure the MS coin automatically(via API?!) can we push for that to be implemented?

regards.

13
Nxt General Discussion / Re: Preferred Crowdfunding Model based on NXT !!!
« on: November 18, 2014, 09:16:32 pm »
Ok, it is clear now that the first crowdfunding model will be lending followed by loyalty tokens(similar to rewards)....

There are 2 things that I would like to discuss with you:

1)The loans will be given/paid back in NXT but tied to USD ... shall we leave the option for the business/borrower to receive loans in NXT only, without being tied to USD?(just as an option, the borrower and the investor shall be aware of the high risk here) I am aware that there are/will be businesses operating with NXt only but there is still a risk to spend the NXT  at low price and then one have to get it back at a higher price...in my opinion, the loan shall be strictly bounded to USD?

2) The borrower shall start giving the money back at some time interval, I propose to set that to 30 days and then maybe have other options later.
How about some time boundaries for the whole period of the loan? What shall be the maximum period - 1,2,3 years?

regards. 

14
Nxt General Discussion / Re: [CORE] UI of Monetary System
« on: November 17, 2014, 10:27:35 pm »
I think that anyone shall make even small donation(does not matter how much, just show some respect guys).

Question for MS: is it possible for the issuer to specify another NXT account to receive the NXT funds in the case of reservable currencies(crowdfunding case) - If I develop a platform for crowdfunding , I would like to be able to setup the currency , but the business raising funds to receive them - this will ease the process cause my platform will do everything(setting up the currency properly) and I still will be 100% legal (without the need of regulation cause i do not hold the money, i just configure the coin)...is it possible to include  that feature?

regards.

15
Nxt General Discussion / Re: Preferred Crowdfunding Model based on NXT !!!
« on: November 17, 2014, 09:29:57 am »
I've made a detailed post about assurance contracts. https://nxtforum.org/general/assurance-contracts/

Nxt allows not only for something like Kickstarter, but much more detailed contracts. The challenge is to create an efficient platform. Not everything can and should be piled into the Nxt client.

Thanks! This one is supposed to be part of Monetary Service and I intend to use it. I also agree that the main tasks of the platform is to find good projects.

16
Nxt General Discussion / Re: Preferred Crowdfunding Model based on NXT !!!
« on: November 15, 2014, 11:36:42 pm »
I've read somewhere that "Rewards" seems to be the crowdfunding model that works best.  So though I support equity, I'd choose Rewards to help kick things off faster with more short-term success.

Actually, the lending can be naturally upgraded with loyalty tokens....let's say that the business wants $10K, using monetary system you lend $1000 and you receive some coins, then when the business is ready ti pay off, you either "burn"  those coins for NXt or use them as a loyalty token - receive services and goods on discounts...let me know if I am thinking in the right direction?

17
Assets Board / Re: CROWDFUNDING MODELS on NXT - take the poll
« on: November 15, 2014, 02:31:20 pm »
:

Funds will be all in NXT , but have a price tag with USD - so you are a business and you need $10 000 - the amount is announce both in NXT and USD , when the amount in USD is collected, the money goes to the business and the business is obligated to pay the money back ( $10 000 in NXT ), the system is beneficial for the price of NXT because it will circulate and grow in value.

I am also researching legal bindings to obligate the business to return the money, will keep you posted on this...

I agree there is a general benefit to NXT.
I also appreciate you are putting a lot of effort into getting the legal side right, which, hopefully, future US companies using NXT can benefit from. You should raise some NXT from the community to pay for it :)

I'm just concerned about the loan model you seem to prefer.

So I borrow $10k which equals, say, 100k NXT (I wish:) )
I immediately buy 50k NXT and use the rest.
As payments are required I pay out of my 50k NXT.
Lets assume the exchange rate is favorable to NXT and I can pay off the whole $10k  loan with the 50k NXT. This is what we are hoping for from the 'beneficial effect' mentioned above.
Of course it could go the other way in which case I have to pay off the loan in dollars delivering, for example, 150k NXT by the end.

My point is the NXT returned could be 50k or 150k or anywhere in between. As a result:
1) Investors thinking in NXT terms are either unhappy because they got half their NXT back or happy because they got 50% more NXT back.
2) Investors thinking in dollar terms are either happy because the 50k NXT is worth more than $10k plus interest or unhappy because the 150k NXT is worth less than $10k.

Assuming I have not missed something then someone is always going to be upset in this model (except if the exchange rate is stable).

How long are the loans for?

Thanks for raising this - I think the community shall take part in this discussion!
Price change is really important when it comes to crypto crowdfunding.

To answer your question - The business owner defines the terms - what is the time period after which he has to return the money back - e.g. I need $10K, I will get back those in 3 months with interest rate of 7%.

Okay, so you will have many business owners to choose from - some of them will return the money in 10 days and some of them within 2 years....the investors will decide which business owner suit their needs, thus the best one will get funded - it's all up to the market and of course there will be some guys who are upset and some that are happy - that's life and thats high risk investments....

TO ALL: please, elaborate on this - let's make this model as better as wel can cause ones it goes live we will find it hard and expensive to modify.

18
Assets Board / Re: CROWDFUNDING MODELS on NXT - take the poll
« on: November 15, 2014, 10:53:54 am »
Given the potential for volatility in the nxt exchange rate, borrowing nxt does not seem to be a wise choice for your user base. It would only work if the activity you are lending to produces nxt from the next community. If not the repayments could double in value and sink your borrower before you can make a profit in nxt.

Personally I would not borrow nxt for more than a week at a time and even then I would avoid it if I could.

borrowings will be tied to USD.
As long as they are paying back in USD then the borrower will be happy. Anyone investing NXT into the platform may get disappointed at somepoint by the lack of return though. I am of course assuming the funds being lent come from the nxt community?

Funds will be all in NXT , but have a price tag with USD - so you are a business and you need $10 000 - the amount is announce both in NXT and USD , when the amount in USD is collected, the money goes to the business and the business is obligated to pay the money back ( $10 000 in NXT ), the system is beneficial for the price of NXT because it will circulate and grow in value.

I am also researching legal bindings to obligate the business to return the money, will keep you posted on this...

19
Assets Board / Re: CROWDFUNDING MODELS on NXT - take the poll
« on: November 15, 2014, 08:48:25 am »
Given the potential for volatility in the nxt exchange rate, borrowing nxt does not seem to be a wise choice for your user base. It would only work if the activity you are lending to produces nxt from the next community. If not the repayments could double in value and sink your borrower before you can make a profit in nxt.

Personally I would not borrow nxt for more than a week at a time and even then I would avoid it if I could.

borrowings will be tied to USD.

20
Nxt General Discussion / Re: Preferred Crowdfunding Model based on NXT !!!
« on: November 14, 2014, 11:33:32 pm »
Hi all,
Maybe you don't know that but www.nxt-starter.com is already live on the kickstarter- rewards bases, also involved in the superNET network.

We are also interested by the lending model, and monetary system will be implemented as soon as possible.
The Equity model: (the current model on NXT AE, but as a legal platform - business verification , plus investors ownership guarantee.)  appearing very cool but this is almost impossible to give investors real guarantee as any crowdfunding website like kickstarter or the NXT AE can't provide any guarantee too.


I think the more important thing is about to trust projects issuers before validating their project. To achieve that, we can work with NXTinspect.


I dont think it's necessary to lauch 3 platforms of crowdfunding for NXT :D as "yin" on this forum is also building one linked with the AE (almost finished i guess)
I think its better to work together if it's possible.
We can also list what type of website is missing on the NXT community.


Can you give me a good use case scenario for rewards? I was thinking about hardware gadget - a business is developing super cool gadget, money are collected, gadget is produced and shipped to investors with discount and on time....BUT - who will do that on NXT if they have kickstarter?! Is there anyone from this community who would like to use this model - real life project already on your mind?

My wished use case :  I want to create network of ecological farms doing transactions in a MScoin : I need your help : You will receive some MScoin in dividend.



So : by crowdfunding, we need to lauch inter-connected real network using NXT, a little bit like James have done since the begining.

Let's collaborate - how exactly do you see the cooperation?
Why do you want the ecological farms - why not let all the businesses do that and what kind of help do you need?
Do you have a roadmap in your project?

I am personally concentrated on the lending model, I am trying to get a release by the end of the year.

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