Quote from: TPTB_need_war on September 13, 2015, 02:53:45 AM

Quote from: Crestington on September 13, 2015, 02:30:19 AM

You said you are going to solve all the problems in Cryptocurrency, then suggested a million dollar IPO with little to no information as to how it would work, this is promotion.

You are too damn lazy to do your research properly and then you libel me as a result.

You've got all the facts wrong. First you have the chronology wrong. Back in July or August, we entertained some potential angel investors via our controlling group. I also made a series of posts over in the Economic Totalitarianism thread for those who were asking me to help fix problems in cryptoland, explaining about how we might go about distributing coins and raising money in the future at some unknown future launch date. This was all hypothetical discussion about what may or may not take place. It was to help those who might want to be angel investors make some decision about whether they wanted to be in contact with our controlling group. However, the controlling group did not raise any money from them. There was communication with about a dozen individuals in private and only communication.

There is one angel investor (apologies I misspoke earlier and said I have two, meaning there is another one ready to invest at any time) who funded my controlling group and the controlling group has provided me some operating funds, i.e. paid for my services on developing the coin and doing public communication. So far, I have written two earth shattering white papers, ported the I2P EdDSA code to Scala, ported my Javascript implementation of Blake2 to Scala. If I wasn't here answering you, I'd be coding right now.

After all that, I made a thread here in the Altcoin Discussion to get some feedback on the name and potentially solicit interest from other developers that might want to work on the project. That is not 'promotion' of a coin nor is about raising funds, because we don't need any funds. I have another angel investor willing to give the controlling group $25,000 any time I ask. There are a dozen other angel investors potentially interested in investing $3 - 5K each, although you assholes probably scared them away, but it doesn't matter because I have enough cash to pay my expenses until I finish the coin.

Quote from: Crestington on September 13, 2015, 02:30:19 AM

And how are you going to pay these developers to help you with the coding? Please stick to the questions I have asked a couple posts back and lets move away from arguing about legal definitions.

If you tell me what to do again, I am going to purposefully not do what you instructed. Stop talking down to me. I don't take commands from you.

Obviously we could pay developers from angel funds, future coins, or work for free in exchange for higher salary after launch. All of these possibilities have been discussed. For now I am the only developer, and I am taking the minimum financial assistance to pay my very low living expenses since I live in the Philippines. For example, my rent is only $350 per month. I also have some funds locked up at precious metal dealer for the past couple of years and still hoping he will give me my money. I think I may receive the last installment soon so then I am self-funded.

Quote from: Crestington on September 13, 2015, 02:30:19 AM

Quote from: smooth on September 13, 2015, 02:10:33 AM

Quote from: Crestington on September 13, 2015, 01:58:35 AM

1-b. Within the potential crownsourcing there is mention of wanting to use investors funds for a fecal transplant, this is securities fraud.

How is it fraud of any kind if the investors are told that's what their investment will (or may) be used for?

You are probably right about this but I still see it as a red flag as he suggested using investors funds for personal use rather than on the software itself. I think the best course of action is simply not to handle investors funds directly and avoid that situation altogether, then you never have to worry about cases of securities fraud or the trolling that can come as a result of investors not happy with the use of those funds.

I am not handling angel investor funds directly. The one angel investor coursed the funds through the controlling group and I was paid for services rendered.

I did do some consultation work (on anonymity designs) for one of the other developers in Cryptoland and received some income for that recently.

You should note that the controlling group has already paid 4 BTC to the author of Compact Confidential Transactions to hold an exclusive over all discussions we had in private. I fixed that design and also extended it to hide values, payer, and payee.

Believe it or not, I am going to shock you.

Do you have links to your whitepapers you published? I would be greatly interested to read them. Spoonfeed us, it's hard to keep up with everything in Cryptoland.

I really want you to shock everyone and create something truly amazing, believe it or not people are not out to get you nor are there to discredit your work. You must understand that people have a right to be skeptical and need to challenge everything in order to get a broader picture. If your angel investors or controlling group is scared off because of one thread asking questions then they should not be in Crypto in the first place.