Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!
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@nameless nah its more like 99 little bugs in the code fix one up and up in smoke goes your pc :D
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@LithStud , one more meme and i'm out... it has to be done
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@LithStud nahh, no shitstorm. just something that has been brewing for a while!
I'm all for anonym, open and no enforced restrictions!
But I very much like the Idea of a second person, in this case haitch, knowing about the real identity of Asset Issuers! And if we do that as an optional step to build trust, we might as well add a simple age verification!
Only question is how exactly?!Research and asking questions is still up to the buyer!
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Hey, I can create polls in here! https://forums.burst-team.us/topic/4442/poll-age-verification-for-asset-issuers
I've started a new thread with an poll. I need your Input! All of you!-)
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@Lexicon @dvndr007 I see you two guys have Genius minds .... Can you guys tell me how does it become illegal for a person below 18 to start an Asset ?
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Can an Asset be considered shares of a business? My opinion is yes.
http://www.sharesexplained.com/how-old-to-buy-shares
Question is, how do we enforce this? A skype convo so they can show how old they are??? idk
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@socalguy said in Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!:
Can an Asset be considered shares of a business? My opinion is yes.
http://www.sharesexplained.com/how-old-to-buy-shares
Question is, how do we enforce this? A skype convo so they can show how old they are??? idk
I think below is the reply for your question
@gpedro said in Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!:
@nixxda just googled about it too... This is what google says:
"What is the minimum age to start a business?
There is no minimum age for starting a business. However, you need to be at least 18 years old to sign contracts or legal documents. If you are under 18 and starting a business, you may need someone who is over 18 to sign legal documents on your behalf."
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@Castiel The thing is that we are making history since this kind of problem has no precedents, so we need to figure out what is that we going to decide as the communitty we are... @nixxda and @iKnow0 created two different posts to collect opinions from the communitty in order for us to reach a conclusion of:
- What is the maximum age we are considering as a minor will be, here in the forum ->https://forums.burst-team.us/topic/4442/poll-age-verification-for-asset-issuers ;
- New guidelines for Asset promoting around here -> https://forums.burst-team.us/topic/4434/draft-code-of-practice-for-issuing-assets .
So please all consider those 2 posts, in order to contribute to the decisions that have to be made facing this problems...
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@Castiel its big explanation actully you can check it on google is better why its illegal, in general simple words- Kids all mistakes are forgiven because they are kids they are at learning stage they do mistakes and learn they have no experience , its matter of many people hard earned real money its a big responsibility to carry not a thing kids play with so maturity required!!
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@Castiel nothing is illegal in crypto!-) If a kid wants to grow his "selling Lemonade on the street Businesses" into a multi k venture he can do that!
But I think that Investors need to have a possibility to know that he or she is a minor! Those kids could possibly generate a lot of dividends and Investors will trow tons of money their way and therefor put more responsibility in their hands that they can handle!
So for me "knowing" would be a bit of protection both ways. Maybe even a reason to invest some in the first place!And getting verified is a good step to get out of total anonymity and build some trust. Also having some guidelines for Asset Issuers is a good way to crosscheck for both parties!
I'd really like the thought of not enforcing but strongly encouraging people to some Rules or guidelines!-)
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@Lexicon said in Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!:
i reckon the question is completely valid. i thought we didn't do censorship here.
can you clearify this statement .. you are the second post and it only confuses me as to why it was said. I respect you and your opinion. I also think you are very important to the community. Just looking for clarification. also might be why i saw someone said you were blaming H for something.. unfortunate we have this type of dynamic going on but i think it is very common with any crypto community over time. definitely not a great idea to lead off with that type of comment. unless trying to ruffle feathers.
@everyoneelse ... it is your job to invest responsibly not @haitch of either forum. When you invest in a Stock or Mutual fund do you not do your research? There is no way to stop someone opening an asset underage. There just isn't anyway. The badge is just the first line of defense and anyone can pretend to be their parents. I deal with it all the time on a retail level.
If you dont invest responsibly it is just a bad gamble..
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@nixxda nothing illegal yet. its not governed by a central authority however. if said authority's learn of a great many children accessing this kind of resource. there's more of a chance its going to have age specific safeguards.
im pretty sure when alcohol was first invented there were no "laws" then either but did that make it right? probably not.
chances are if a body does see this situation or a court for that matter they will treat the situation as owning normal shares. where by you cant if your underage.
now we need to ask ourselves do we stand the moral high-ground and implement a process to protect minors and asset issuers from a potential big mistake. id say i would rather do this.
ive noticed on nixxda's thread that a few of the people voting for the no limit are minors (rapidfire being one even though his dad told him he cant continue he still thinks there should be no age limit or parents consent) will the results be vetted for this sort of activity. cause with the burst coin being advertised to the gaming community there are a "lot" of kids coming into burst. and they could out number the adults here as its in there best interest to vote against it.
@darindarin by censorship i meant its a topic that needs to be discussed because theres loads of investors that would of wanted to know this information. most of which did their dilligence but becasue finding someones personal info out on the blockchain is pretty much impossible. theres no way they could of known
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@Lexicon did anyone say it shouldnt be discussed? before you posted that? sorry not sure it answered my question. are we reading two different forum posts?
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@Lexicon also blaming the entire forum for one persons opinion might be considered niave to some.
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@darindarin yes basically this comment here "@dvndr007 I beg you, take your question somewhere else! We are sick of this cheap plays."
im saying the question needed asking to prompt the community to look at this issue. and rather than telling people to go away we should imbrace the question and get down to the detail and sort the misunderstanding out
i didnt see anyone blaming an entire forum when the process didnt even exist.
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@Lexicon i cannot find that at all..maybe that is why i am confused to why a very intelligent important member would sound so condescending..
i also do not think this person is a admin or has any control to group him into that statement.. just an observation not trying to argue with you.
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@Lexicon said in Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!:
i didnt see anyone blaming an entire forum when the process didnt even exist.
Sorry i am confused. You sound upset.. if you like we can go to private messages.. ?
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@Lexicon all i mean is that by you saying .. " i thought we dont do censorship here" in regards to a non admin concerned post seems like you have a bone to pick with someone.. i was surprised you said that and the only reason for me asking you to explain is because i look up to you.
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Lol.. how my sentence was diverted into different subject very far away from its meaning :D
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@darindarin i dont have time to explain snippets of a conversation, but in essence people shouldn't be told to "go away" for posting there opinion. its as simple as that. people are perhaps taking it a way that wasn't intended. and whats frustrating is i barely have time to work on my own projects however here i put one sentence and it gets pulled a apart and repeatedly roasted for it.
i wouldn't say i was showing an attitude of patronizing superiority (the definition for condescending). more of the fact im showing that i support freedom of expression.






