Quote from: nutildah on August 06, 2014, 06:35:41 PM

Quote from: Nxtblg on August 06, 2014, 05:11:06 PM

All power to Nxt, of course, but a little beyond our present-day horizon is an upcoming major legal clash that will rock the Nxt world. Right now, they'e relying on the legal analog to "security by obscurity" for their own very-well-filled AE.

God bless 'em, and God help 'em: I will definitely and publicly be on their side once the clash comes to a head. Since NFD has its fully functioning Nxt-clone Asset Exchange in its own ecosystem, I have lot of good reason to be on their side if the regulators come a' "knockin'."

So you can take the above as a Distant Early Warning plus a pre-commitment to help out the Nxters in any way that I can once the clash starts.

Okay, I have to ask, are you talking about potential clashes with the SEC over the term "asset"?

I hate it when people say stuff with such certainty but then don't provide a pathway of rationale to how they got there. Unless you can prove you're BCNext there's no real reason to believe you.

And NFD will not surpass NXT. Its just a clone sold to people who think they are getting in on the next NXT.

And now I see that you're heavily behind NFD, which renders your entire opinion meaningless.

I knew it...I indirectly all-but pledge fealty to the Nxt Asset Exchange infrastructure, and someone come along and gives me the usual scolding.

Well, sir or madam, in this particular case your thin skin has gotten the better of you. Try:

1) Re-reading what I actually posted - all of it;
2) Taking a few deep breaths, counting to ten, and going for a walk around the block;
3) Reading the last paragraph of the post - namely, "So you can take the above as a Distant Early Warning plus a pre-commitment to help out the Nxters in any way that I can once the clash starts."

Quote from: The Parliament of Ontario, with the assent of the Lieutenant-Governor in right of Her Majesty Queen Elizabeth II

security includes,

(a) any document, instrument or writing commonly known as a security,

(b) any document constituting evidence of title to or interest in the capital, assets, property, profits, earnings or royalties of any person or company,

(c) any document constituting evidence of an interest in an association of legatees or heirs,

(d) any document constituting evidence of an option, subscription or other interest in or to a security,

(e) a bond, debenture, note or other evidence of indebtedness or a share, stock, unit, unit certificate, participation certificate, certificate of share or interest, preorganization certificate or subscription other than,

(i) a contract of insurance issued by an insurance company licensed under the Insurance Act, and

(ii) evidence of a deposit issued by a bank listed in Schedule I, II or III to the Bank Act (Canada), by a credit union or league to which the Credit Unions and Caisses Populaires Act, 1994 applies, by a loan corporation or trust corporation registered under the Loan and Trust Corporations Act or by an association to which the Cooperative Credit Associations Act (Canada) applies,

(f) any agreement under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets, except a contract issued by an insurance company licensed under the Insurance Act which provides for payment at maturity of an amount not less than three quarters of the premiums paid by the purchaser for a benefit payable at maturity,

(g) any agreement providing that money received will be repaid or treated as a subscription to shares, stock, units or interests at the option of the recipient or of any person or company,

(h) any certificate of share or interest in a trust, estate or association,

(i) any profit-sharing agreement or certificate,

(j) any certificate of interest in an oil, natural gas or mining lease, claim or royalty voting trust certificate,

(k) any oil or natural gas royalties or leases or fractional or other interest therein,

(l) any collateral trust certificate,

(m) any income or annuity contract not issued by an insurance company,

(n) any investment contract,

(o) any document constituting evidence of an interest in a scholarship or educational plan or trust, and

(p) any commodity futures contract or any commodity futures option that is not traded on a commodity futures exchange registered with or recognized by the Commission under the Commodity Futures Act or the form of which is not accepted by the Director under that Act,

whether any of the foregoing relate to an issuer or proposed issuer; (valeur mobilière)

http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_90s05_e.htm