Post
Topic
Board Securities
Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit
by
SebastianJu
on 08/05/2015, 10:56:14 UTC
Any updates? No activity for over 4 months. SebastianJu could you try to reach em and ask for an update?

Especially on the Cryptostocks situation. The shares should move to Polo / NXTAE or something equally "safe".

Im not so happy that he didnt get back to me lately. Last thing i was told was that he now works fulltime on cannabits core business. He liked the idea of going decentralized and more private than this forum and asked me for suggestions he can look into then.

I would like him staying in contact more but it seems he does not yet see the importance of that. Otherwise he would.  Roll Eyes

Is poloniex decentralised? I think he would prefer NXT otherwise. With NXT you mean the normal NXT-Exchange right?

I will try reaching him though.

Well at least there is some kind of communication. Please try everything to get hold of him and tell him it's kinda urgent to make the asset move.

Poloniex is centralized of course becuase its also an exchange. Pro side is that the assets are traded in BTC and it's kinda "stable and safe". And you could directly trade for altcoins too. Contra is that it's centralized and got some fees to it I guess. (don't know the exact numbers)

NXTAE of course is totally decentralized and pretty easy to use with the dividends plugin where you just enter the amount and it does everything on its own. Pro is it's probably the most safe and secure solution. Contra is it's traded in NXT but conversion of BTC<->NXT is pretty easy and with SuperNET client even included in the wallet.

NXT sounds fine then. I never used it yet personally and of course i dont have anything to explain to him about how he could set things up there.

Maybe he fears all the work he had to put into in order to understand the system and setting everything up. When i read you mentioning plugins then this might be a valid thing.

Do you know things there very well? If so, maybe it would speed up things if you could give something like a short tutorial or so. So that he can see its easily and fast done. No problems moving there or so.

He could proof that he is the real owner of cannabit by verifying an address bound to cannabit AND include something unique to the nxt asset in the message. Then no one can copy it and fake it easily.

So far i have the impression its time mostly that is a hindrance. So if you feel like it, maybe this could help.