Do not accuse anyone for no reason - when they have done you no harm. Do not envy the violent or choose any of their ways.

there is also InstantDEX which you can actually invest in on the exchange.  Shares are trading at ~34NXT per share.
-bm

there is also InstantDEX which you can actually invest in on the exchange.  Shares are trading at ~34NXT per share.
-bm

here is a picture Apr 9, 2013 4-25-19 PM.jpg

this would be.. drum roll please...   r3wt

http://i58.tinypic.com/rvy15t.jpg

It's on now guys.. It's The CRYPTO-FAPPENING leaks 2014 !!!

who's next ?

here I'll explain how to get into the fiat exchange business in your town using the AE.  I had made some comments about the Bitcoin ATM and how they are not as useful once you have a decentralized exchange and one commenter wasn't completely clear on why this is, so I'll explain here.

NOTE: there are serious legal considerations with providing these sorts of services.  In many nations, such as the United States of America(also known as The Land of the Free) and most parts of Europe this sort of activity is either partially or strictly illegal.  Make sure you understand the legal consequences of starting your own local fiat exchange.

http://www.beeslife.com/currency/bb/5.jpg

step 1:  Create A Reserve

First step is taking a bit a cash and making a reserve.  Your eventual users will need to trust that you have this money in the bank because they will be honoring your Cryptonotes for real money.  If the trust(or perception of) breaks down with the public ie. they don't believe that you can honor all outstanding notes, you will have a collapse in market price.  So depending on how you do your banking, it's best to have some sort of service that can provide a document(like a bank statement) that can prove you have the money in the bank to correspond with your cryptonotes.

step 2:  Create Some Marketing Material

Easiest way to do this is make a website that explains why your notes are credible, where/when they can be exchanged, where the money is stored, historical information(how long has the service been running), how many happy customers you have, etc.  Also starting a forum or blog so your customers can communicate with you in a publicly auditable way can really help to instill confidence with your users.

step 3:  Issue The Asset

Next you must Issue the asset.  The Asset Quantity should correspond to how much money is in your reserve(from step 1).

http://i.imgur.com/ZaPYIQy.png

step 4:  Market the Asset

Now you must offer the notes for sale.  They must sell ABOVE the redemption value(in real terms) in order for your business to make sense.  Thus it is your responsibility to make sure the assets are trading at a favorable rate.  They may drop below profitable levels at first, but as you gain reputation they will float above the redemption value.  The difference is called Seigniorage.  If they drop too low, you may have to buy them back.  You must, in all cases redeem them for their pre-defined cash out value or lose your credibility.

step 5:  Offer Redemption Services

http://3q6cxy17ced7214bqz1j6fq32m8.wpengine.netdna-cdn.com/wp-content/uploads/2014/01/Bank-Teller1-198x198.jpg
"Hello, Welcome to Meaniebank(tm).  How can we help you today?"

You must maintain a way for your customers to redeem the notes for real money.  Depending on the needs of your market, you may offer this service at some place in your town, perhaps at a Bitcoin Meetup, or a NXT Meetup.  As your bank becomes well known, the notes may be accepted in other geographical areas.  You can even work out deals with friends in other town to offer redemption services in other areas(make sure you cut them into the profits ).  You should do this in a safe place where robberies and such are unlikely.  Also dressing properly will help you instill confidence with your customers.

step 6:  Enjoy Your Success

You're a banker now like J.P. Morgan.  Doesn't that feel great?

-bm

there's a lot of FUD out there because rival projects who have VC backing see NXT as a huge threat.

NXT is an open source project and even though we have great minds evangelizing for NXT, they don't really get paid- they seem to do it out of some sort of religious conviction.

-bm

most of the cryptocoins are pump and dump schemes.  The market cap is measured by some weak function of sales, but the owners could be holding onto 95%+ of the coin.

NXT is not in the above category.

-bm

I'm a cryptocurrency expert.  I got involved with NXT fairly recently.  The NXT model is far more lucrative than Bitcoin.  I've also been involved with the PPC community and I've worked on other algorithms in the past.

-bm

I realize I've mentioned NXT many times lately, but IMHO the good people are over at the NXT project.

-bm

here I'll explain how to get into the fiat exchange business in your town using the AE.  I had made some comments about the Bitcoin ATM and how they are not as useful once you have a decentralized exchange and one commenter wasn't completely clear on why this is, so I'll explain here.

NOTE: there are serious legal considerations with providing these sorts of services.  In many nations, such as the United States of America(also known as The Land of the Free) and most parts of Europe this sort of activity is either partially or strictly illegal.  Make sure you understand the legal consequences of starting your own local fiat exchange.

http://www.beeslife.com/currency/bb/5.jpg

step 1:  Create A Reserve

First step is taking a bit a cash and making a reserve.  Your eventual users will need to trust that you have this money in the bank because they will be honoring your Cryptonotes for real money.  If the trust(or perception of) breaks down with the public ie. they don't believe that you can honor all outstanding notes, you will have a collapse in market price.  So depending on how you do your banking, it's best to have some sort of service that can provide a document(like a bank statement) that can prove you have the money in the bank to correspond with your cryptonotes.

step 2:  Create Some Marketing Material

Easiest way to do this is make a website that explains why your notes are credible, where/when they can be exchanged, where the money is stored, historical information(how long has the service been running), how many happy customers you have, etc.  Also starting a forum or blog so your customers can communicate with you in a publicly auditable way can really help to instill confidence with your users.

step 3:  Issue The Asset

Next you must Issue the asset.  The Asset Quantity should correspond to how much money is in your reserve(from step 1).

http://i.imgur.com/ZaPYIQy.png

step 4:  Market the Asset

Now you must offer the notes for sale.  They must sell ABOVE the redemption value(in real terms) in order for your business to make sense.  Thus it is your responsibility to make sure the assets are trading at a favorable rate.  They may drop below profitable levels at first, but as you gain reputation they will float above the redemption value.  The difference is called Seigniorage.  If they drop too low, you may have to buy them back.  You must, in all cases redeem them for their pre-defined cash out value or lose your credibility.

step 5:  Offer Redemption Services

http://3q6cxy17ced7214bqz1j6fq32m8.wpengine.netdna-cdn.com/wp-content/uploads/2014/01/Bank-Teller1-198x198.jpg
"Hello, Welcome to Meaniebank(tm).  How can we help you today?"

You must maintain a way for your customers to redeem the notes for real money.  Depending on the needs of your market, you may offer this service at some place in your town, perhaps at a Bitcoin Meetup, or a NXT Meetup.  As your bank becomes well known, the notes may be accepted in other geographical areas.  You can even work out deals with friends in other town to offer redemption services in other areas(make sure you cut them into the profits ).  You should do this in a safe place where robberies and such are unlikely.  Also dressing properly will help you instill confidence with your customers.

step 6:  Enjoy Your Success

You're a banker now like J.P. Morgan.  Doesn't that feel great?

-bm

there's a lot of FUD out there because rival projects who have VC backing see NXT as a huge threat.

NXT is an open source project and even though we have great minds evangelizing for NXT, they don't really get paid- they seem to do it out of some sort of religious conviction.

-bm

most of the cryptocoins are pump and dump schemes.  The market cap is measured by some weak function of sales, but the owners could be holding onto 95%+ of the coin.

NXT is not in the above category.

-bm

I'm a cryptocurrency expert.  I got involved with NXT fairly recently.  The NXT model is far more lucrative than Bitcoin.  I've also been involved with the PPC community and I've worked on other algorithms in the past.

-bm

I realize I've mentioned NXT many times lately, but IMHO the good people are over at the NXT project.

-bm

Im controversial not because I did something wrong, but because I'm extremely good at what I do- cryptocurrency engineering.

-bm

here I'll explain how to get into the fiat exchange business in your town using the AE.  I had made some comments about the Bitcoin ATM and how they are not as useful once you have a decentralized exchange and one commenter wasn't completely clear on why this is, so I'll explain here.

NOTE: there are serious legal considerations with providing these sorts of services.  In many nations, such as the United States of America(also known as The Land of the Free) and most parts of Europe this sort of activity is either partially or strictly illegal.  Make sure you understand the legal consequences of starting your own local fiat exchange.

http://www.beeslife.com/currency/bb/5.jpg

step 1:  Create A Reserve

First step is taking a bit a cash and making a reserve.  Your eventual users will need to trust that you have this money in the bank because they will be honoring your Cryptonotes for real money.  If the trust(or perception of) breaks down with the public ie. they don't believe that you can honor all outstanding notes, you will have a collapse in market price.  So depending on how you do your banking, it's best to have some sort of service that can provide a document(like a bank statement) that can prove you have the money in the bank to correspond with your cryptonotes.

step 2:  Create Some Marketing Material

Easiest way to do this is make a website that explains why your notes are credible, where/when they can be exchanged, where the money is stored, historical information(how long has the service been running), how many happy customers you have, etc.  Also starting a forum or blog so your customers can communicate with you in a publicly auditable way can really help to instill confidence with your users.

step 3:  Issue The Asset

Next you must Issue the asset.  The Asset Quantity should correspond to how much money is in your reserve(from step 1).

http://i.imgur.com/ZaPYIQy.png

step 4:  Market the Asset

Now you must offer the notes for sale.  They must sell ABOVE the redemption value(in real terms) in order for your business to make sense.  Thus it is your responsibility to make sure the assets are trading at a favorable rate.  They may drop below profitable levels at first, but as you gain reputation they will float above the redemption value.  The difference is called Seigniorage.  If they drop too low, you may have to buy them back.  You must, in all cases redeem them for their pre-defined cash out value or lose your credibility.

step 5:  Offer Redemption Services

http://3q6cxy17ced7214bqz1j6fq32m8.wpengine.netdna-cdn.com/wp-content/uploads/2014/01/Bank-Teller1-198x198.jpg
"Hello, Welcome to Meaniebank(tm).  How can we help you today?"

You must maintain a way for your customers to redeem the notes for real money.  Depending on the needs of your market, you may offer this service at some place in your town, perhaps at a Bitcoin Meetup, or a NXT Meetup.  As your bank becomes well known, the notes may be accepted in other geographical areas.  You can even work out deals with friends in other town to offer redemption services in other areas(make sure you cut them into the profits ).  You should do this in a safe place where robberies and such are unlikely.  Also dressing properly will help you instill confidence with your customers.

step 6:  Enjoy Your Success

You're a banker now like J.P. Morgan.  Doesn't that feel great?

-bm

there's a lot of FUD out there because rival projects who have VC backing see NXT as a huge threat.

NXT is an open source project and even though we have great minds evangelizing for NXT, they don't really get paid- they seem to do it out of some sort of religious conviction.

-bm

most of the cryptocoins are pump and dump schemes.  The market cap is measured by some weak function of sales, but the owners could be holding onto 95%+ of the coin.

NXT is not in the above category.

-bm

I'm a cryptocurrency expert.  I got involved with NXT fairly recently.  The NXT model is far more lucrative than Bitcoin.  I've also been involved with the PPC community and I've worked on other algorithms in the past.

-bm

I realize I've mentioned NXT many times lately, but IMHO the good people are over at the NXT project.

-bm

Im controversial not because I did something wrong, but because I'm extremely good at what I do- cryptocurrency engineering.

-bm

Complete bullshit, jl777 has now collected over 27000000 NXT (that's 2100 BTC or over 1 MILLION US DOLLARS) from selling the shady TOKEN assets in his NXT account to that only he, I repeat, ONLY HE HIMSELF has access.

http://www.nxtreporting.com/?ac=NXT-MRBN-8DFH-PFMK-A4DBM

He has this amount and can run away at any given time, unexpectedly and suddenly. Don't dare to state fairytales. He said his aim is 10000 BTC so don't expect him to run away before that date (I don't). *Mark my words*, once 10k BTC is full jl777 is going to be *vanished*. You SuperNET cult members will all cry like little babies then mourning for your losses that will never come back because the smart one took it. Do people ever learn? Do they ever learn? It's horrendous...

They do trust jl777 and Nxt because that's what Nxt is all about - *draining money of poor investors for their own financial benefit*. That's the very core essence of the SuperNET and jl777 admitted this several times on his own. It is very shady for sure and the scale of this hoax is remarkable. jL777 undoubtedly is a very smart fellow, my respect for the intellectual part of it. But morally totally and entirely unacceptable by any possible measure.

Complete bullshit, the scammer jl777 has over 27000000 NXT (that's 2100 BTC or 1 MILLION US DOLLARS) from selling those TOKEN assets in his NXT account to that only he, I repeat, ONLY HE HIMSELF has access.

http://www.nxtreporting.com/?ac=NXT-MRBN-8DFH-PFMK-A4DBM

He has this amount and can run away at anytime. He said his aim is 10000 BTC so don't expect him to run away before that date. Mark my words, once 10k BTC is full jl777 is going to be vanished. You guys will all cry like little babies then mourning for your losses that will never come back because the smart one took it. People never learn. If you don't believe then you'll have to feel, it was your brainless decision after all.

You're just a NXT-shill, I don't even take you serious. All you really are is a piece of shit supporting the NXT AE scams pull-off promoted by jl777.

good summary:

Now with so many people believing in this crazy baseless hype - don't lose sight of the real crypto future: Monero

Don't lose your hard earned money with this JLH crap guys. Monero doesn't need this jl777 asset scamming scheme. Monero already is by far the number one, technology-wise, community-wise, best coin hands down number one above all / except the price that's gonna follow gradually. If you want a lot of money (you probably do) and become a millionaire along the line (you probably want that) buy Monero while it is cheap as fuck. It's hands down the best possible coin, even Bitcoin is nothing against Monero. We have real privacy and real developers, world adoption imminent. All other altcoins are scams at their best and just outright ridiculously crappy. Needless to say if you invest in other coins you will lose your invested money whereas you will be rich buying Monero. This is the very law of success.

Everyone can become multimillionaire with Monero, I'd argue 1-2 BTC investment is enough to become millionaire through XMR. And the best about it is that you won't have to convert to FIAT because it will be accepted all over the world within 5 years. Yes you read that right, even your mother will use it. No matter where, Monero will be all around the world payable via NFC.

Don't put your faith in JL777's asset scamming through NXT, buy in a real coin a real community the real future instead and be on the safe side.

holy smack I LUV Bryce Weiner, he's a fucking fat moron but he sure as fuck puts the right badass message across. SuperNET is a scam by known scammer jl777... who fucking cares about if explanation is right or not. scam is scam I don't care how Bryce Weiner argues as long as the result is the right one:  jl777 is a scammer and superNET is a NXT insider scam profiting on you guys endless greed. Bryce Weiner thanks again for your fucking efforts you filthy son of a bitch

Again, and again, gals you got scammed hard and harder by JL, my condolences. Here's the cold truth and reality about JL777: https://bitcointalk.org/index.php?topic=781323.msg8807178#msg8807178