Quote from: etoque on July 10, 2018, 03:13:19 PM

@dmwardjr Crypto is a commodity(get that in your head,crypto IS commodity),so Zen become a public company since its listed on public exchange under KYC regulation(know your customer),with his own internal economy,marketing,paid employed,building node as incentivizing to make people into mining and get zencash foundation money at the very end(8.5%). Like a company ! you'll have to answer and prove your act a day or another, all your spitting is pure bullshit right now Wink

By the way DGC is a public company crypto holder of zen Wink

You are a public company what ever you could self claim yourself(look another self claiming from a dev member,you have PhD in self claiming shit?) this or that, SEC put crypto into commodity.PERIOD..

Who gives a damn about ZEN being a commodity. Many of us here say it's a "currency." Many here believe it's both. What the hell does that have to do with the FACT that ZEN is a PRIVATE (not public) company who is subject to audit at any time from the I.R.S.

Yes, ZEN is making 8.5% return FOR THEIR PRODUCT.

I MAKE BETTER RETURNS FOR MY "PRODUCT." However, my PRODUCT is not sold as much or as often as ZEN's PRODUCT and therefore ZEN makes more money than I do.

The point is: I DO NOT HAVE TO TELL "THOSE WHO BUY" MY PRODUCT A DAMN THING ABOUT MY FINANCIAL PROFITS, LOSSES, EXPENSES, ETC... NOT A DAMN THING... PERIOD!!! NEITHER DOES ZEN HAVE TO TELL OTHERS "WHO BUY THEIR PRODUCT (ZEN)" A DAMN THING ABOUT THEIR "PRIVATE" BUSINESS DEALINGS IF THEY DON'T WANT TO. ALL THEY HAVE TO DO IS MAINTAIN A GOOD PRODUCT IN WHATEVER WAY "THEY" DEEM ACCEPTABLE TO KEEP "THEIR" PRODUCT VIABLE IN A COMPETITIVE MARKET. IT BEHOVES THEM TO INVEST THEIR TIME, ENERGY AND MONEY "WISELY" TO MAKE THEIR PRODUCT (ZEN) AS VIABLE AND COMPETITIVE AS POSSIBLE IN THE CRYPTO SPACE SO THOSE OF US WHO CHOOSE TO BELIEVE AND TRUST THEIR PRODUCT WILL "BUY" THEIR PRODUCT FOR IT'S SERVICES OR MERELY TO INVEST FOR FUTURE RETURNS ON THAT INVESTMENT. PERIOD...

I DON'T HAVE TO TELL ANYONE WHO BUYS MY PRODUCT ABOUT ANYONE OR ANY COMPANY I DO BUSINESS WITH TO IMPROVE MY PRODUCT. I DON'T HAVE TO GIVE DETAILS ABOUT OTHER BUSINESS DEALINGS WITH OTHER BUSINESSES TO IMPROVE MY PRODUCT. I CAN SAY WHAT AND WHY I'M HAVING ANOTHER BUSINESS DO SOMETHING TO IMPROVE MY PRODUCT IF I SO CHOOSE. ZEN, DID THIS FOR TRANSPARENCY BUT THEY WERE NOT "REQUIRED" TO DO SO. WHY? BECAUSE WE'RE BOTH "PRIVATE" COMPANIES. THE "ONLY" INSTITUTION MY COMPANY AND ZEN CORPORATION ANSWERS TO IN THAT REGARD IS THE INTERNAL REVENUE SERVICE. PERIOD!!!

ZEN, was transparent about hiring other businesses to assist in their product because the company(s) they hired to improve their product are VERY REPUTABLE COMPANY(s); which improves the ZEN brand in my opinion. It's like they hired a CONTRACTOR that's excellent at what they do in order to improve their product. In fact, one company they hired has a team devoted totally to projects for ZEN and no other company. Do they have to give details into how much they paid those companies to improve their product or how they are improving it? Hell no! It's totally up to ZEN to reveal what details they wish to reveal [If any] in regards to improving THEIR product. PERIOD!!!

How about opening your own damn business, hire an accountant and LEARN SOMETHING for once instead making a damn fool of yourself TRYING to convince others about something you know ABSOLUTELY NOTHING about.

If you have paid attention at all to interviews with representatives of ZEN on YouTube and Twitter, you would KNOW that ZEN is ran like a private company BECAUSE IT IS A PRIVATE COMPANY. They have expenses they pay and report to the IRS. They receive payroll as employees and pay payroll tax along with other taxes [such as Social Security] to federal and State institutions. The owners can also make DRAWS from the business account for themselves in order to pay less in taxes instead of receiving their full pay in the form of payroll; which would result in more taxes paid.

Bottom line: ZEN is a PRIVATE company and they don't have to tell us a damn thing if they don't want to. However, they tell us what is necessary in order to attract people and institutions to THEIR product, mission and objectives.

If YOU choose to remain biased and YOU choose to not be open-minded to gain an understanding into what ZEN is required to do, that's YOUR problem; NOT ZEN's. If you don't agree with them being a PRIVATE company and not revealing how they invest and/or spend their 8.5% dev fee in every possible detail [Including financials] in order to make an impact in the crypto space and the world, then find yourself another damn coin. It's that simple.