As promised, i delivered. That sadistic fuck is not going to destroy my life : i'll do it myself!
Best posts made by nameless
-
My life up in flamesposted in General Discussion
-
RE: Double standard much......posted in General Discussion
I think my beer and hooker forum will be the one to prevail in this race. All those who wish to join me on the perverted side of burst, please upvote this post !
This whole crap got us all like a child being forced to chose who he wants to live with after mommy and daddy divorced... so... come join the creepy uncle instead :)
-
BURSTFOLIOposted in Burst Software
Tatada...fucking magic!
Tis the day to announce one of the sexiest tools the BURSTS has ever seen!
We'll call it : BURSTFOLIO
So what this nifty little tool does is it pulls all the data from your account and tells you the current value of your bursts,shares,and overall portfolio in BTC and USD !!!
Check that shizzle every few days and see your portfolio value grow!
Dear people, when you want to buy dildos, you can't do it with BURST. You can however with BTC and USD, hence why this tool is much needed. When you retire, you retire FROM BURST, not in BURST. That cabbage plantation you always wanted for when you're old and saggy, you will buy with the most relevant coin at the time and not with burst.
Special thanks to IceBurst for building this tool for us and draining me of a ton of money while doing so!
-
You mother f***kers ( and my past 5 days)posted in General Discussion
Dear people of the bursts,
Sincere apologies for my long leave of absence (5 days lol) and complete lack of communication. There were reasons for that.
Apparently my local financial branches have received several anonymous tips denouncing me as being a ''leader of a group that deals in money laundry and tax evasion'' . So...guess who got audited for the past 5 days? It was fun...
Long story short, they went through my everything and for now have locked down my forex/stock accounts and one of my poloniex accounts until their investigation is over. Luckily I have a surprisingly good lawyer who already saved the rest of my accounts and will get this investigation of theirs rolling very fast :)
So, except for the minor discomfort of having 70% of my liquid assets temporarily locked up, no harm was done except for the 5 days of my life wasted and the meeting with you all I missed because of that.
Complete communication shutdown for the period was advised by my lawyer, hence why I couldn't even come in to say hello.
That being said, you now all know what my dealings were for the past few days.
Now, before anyone panics, we're fine on cash :) . remember, only part of my holdings were/are frozen. I still sit on top of a hefty pile of crypto that cannot be touched by any authority ( thank you openledger) . .
402 dividend will continue as before, the move is still happening. Except for a minor financial discomfort for me personally because in order for 402 to get its profits,i have to renounce my own for the time being, we're all fine and dandy.
The reason for the title is those several tips. Apparently some of them came from Canada and USA. To those who did this, i have but one thing to say : choke on my balls you fucking maggots! All you've done is cause discomfort. There's no damage.
-
Goliaths colideposted in General Discussion
Well, here's the story :
For a few months now @adsactly and I have been spinning in circles and trying to refine the variant of the ADSactly trading section. This needed to be done in the most perfect way we could have possibly conceived it.
Now, ADSactly is already a 260.000 dollar monster, with its own ecosystem of people from different fields and specialties, and growing at an exponential rate.
Given 402's new direction, it is already a whale and also growing very fast.
People know that the two sides have supported each other for a long time now, but this time we overstepped a boundary that was long due.
Starting from RIGHT NOW , 402 is the official trader of ADSactly. The collaboration had been officiated by making ADSactly a majority holder in 402 , now owning a total of 5% of the entire fund. In exchange, 402 got a significant capital boost.
Given this exchange, both parties have massive gains instantly in the following form :
- ADSactly (the venture, not the person) will be growing with close to 100k BURST per day
- 402 has bigger trading capital and can further diversify its trading methods, including allocating funds to a stock options trader we've been keeping on hold/ in reserve
- Because of the large daily capital influx coming into ADSactly from now on, we will have a ton more liquidity to invest into other assets, help and hire developers and overall accelerate the growth of all ADSactly projects
- It's a very important first step towards the ADSactly reserve project (more details to follow soon)
*It brings the partnership and trust to a whole new level and opens up the gateway to further collaborations like this with other assets and ventures as well - Perfectly shows the cooperative spirit of ADSactly in the sense that it's a mutually managed fund. We have delegated people to most of the sections and as ADSactly grows, even more partners will be added.
- It strengthens security and liquidity of both assets and asures a constant increase of share price for both ventures
*Opens up the possibility of common holdings and investments in projects to come, as well as stimulus programs for other assets
*the list goes on...
By having our two little goliaths join hands, we just officiated a formal bridge between our ventures and investors. From now on, we are going to be working closer together than before and helping each other accelerate our projects.
So you see, when i mentioned before that 402 is just a tiny monster in the making ... i wasn't joking. This is but the beginning. And as far as the ADSactly monster goes...need i say more?
-
RE: 402posted in Asset Exchange
I'm sort of back...
Here's the update:
I was gone for the past week on vacation ( it's been booked since february so might as well) . But while there, i made it useful and met up with a bunch of people.
Thank you @Lexicon for taking care of my divvy and making sure the ponzi goes on!
Now...
I got back from vacation 2 days ago. The last 2 days were fun.... apparently my local tax authority wants to put capital gains tax on my forex/market funds ( 216k dollars) . Not a problem.... BUT.. they have a hold of one of my polo accounts and they want to tax that because it shows USD ammount despite the fact that all that is BTC and other coins... (fuck you polo i guess) ....
I've spent the last 2 days with my lawyer/tax guy on the case and we're going to make a court plea to let me access my polo, sell my coins, cash my BTC for FIAT and pay tax on that crap as well so i can get my god damned funds back already! ( fuck you fluffy and your minions for doing this)
So , the 402 situation right now : we still have plenty of money left (audited on request) , and WORST CASE SCENARIO , the dividend will get a minor drop until i get all my funds back, although i doubt we'll get to that.
So, to conclude... i've been busy :)
-
7 daysposted in Announcements
A major announcement is to be made in 7 days. From me as well as others. Stay tuned?
-
The cookie projectposted in Burst Projects & Crowdfundings
I know, i know, it sounds ridiculous...but hear me out for a sec
I'm starting a new experimental form of crypto trading. I don't usually trade crypto , but i got bored a few weeks ago and i started fiddling with the mechanics of some of my trading strategies and tried to apply and adapt them to crypto.
It actually works! But only for small volumes because the strategy i managed to adapt is get-in-get-out fast, which means that i can only do it on certain coins with high-ish volume and in trades of 0.05 BTC or less. But anyway, that can bring in about 1% per day, which is impressive as fuck given that i spend literally 5 minutes per day looking for the trades.
But that's not the point of the cookie project.
What this thing is all about is that i set aside 0.10 BTC and put it into an older polo account of mine and will start trading starting from right now. The profits i get will be put into an account i will announce in a sec. (haven't made it...to lazy)
So, your creepy uncle nameless will create an asset called COOKIE. This asset is not for sale, but can be earned. And i need YOUR help to make this a reality. Here's how:
When you see someone making a great post on the forum, and you feel like that person deserves more than an upvote, you can give the man a cookie. All you have to say is : @nameless , give this man a cookie!
I will then contact the person and ask for their BURST address and they will receive a COOKIE asset.
So what are cookie assets good for?
- People get to pride that they gather tons of cookies because the community voted for them to have it - the more cookies you gather, the more respect you have :P
- I will set a buy wall with the earnings from my crypto experimental account thingy, and people can redeem their cookies for burst if they want. They just have to sell their assets back to me :)
- I will have a cookie monster monthly award, where the top cookie holder will get a prize consisting of a pack of random shares in chosen assets by me (roughly 50k burst value)
this is my free fun twist of an asset and fun for the community. So remember kids : when you see a good post or a really funny one, just shout out and i will give the man/woman a cookie :)
PS: it would help a lot if all you kids would post your burst address in your signatures...
-
RE: A New Massive BURST Mining Operation To Hit the community Soon!posted in Asset Exchange
A few words if i may.... a theory :
This point in the life of BURST was unavoidable. This is a good sign actually if you stop and think about it and if you bare with me for a sec, i will explain why and how everyone benefits from it.
Bitcoin's rise in power was only when it started being mass-adopted, when goliath size mining farms started to pop up, when new mining tech dedicated to it was born (ASIC) . When all this happened, BTC became the king of crypto, the backbone of all exchanges and a few coins as well (about 350 coins) . Why am i listing facts we all know? Because there is a similar pattern forming with BURST.
Small individual mining was only going to work out for so long, because even if we didn't have these massive farms coming soon, the ever-expanding comunity would have led to the same result. If 1000 people mine with at least 100 GB of their HDD space, you already have yourself 100 TB of power. Now what if 5000 people mine? 500 TB right?
... ok and now picture this : 5000 people mining with anything between 100 GB and 10 TB . That's a lot of mining power huh? And guess what? In this case as well, the small miners will get next to nothing. It can't be avoided.BUT we have something that BTC doesn't : ASSETS ! Why is this good for us?
Let's take Adam's farm for example. What he is building now and the way it will be distributed to all is the equivalent of BTC cloud mining, is it not? What sets this apart from BTC cloud is that our mining assets have a cool twist to it : money from payouts is held back so that the mining venture can expand constantly, which means that unlike BTC clouds, your investment never diminishes in value or returns.
How many of us have tried BTC cloud mining? I think all... how many of us ROI'd and even made a profit? Too few. How many have been able to sell off their mining shares at any time without being locked in for 1-5 years , and even after that period we couldn't sell because the ''contracts'' expired?
With BURST mining ventures, you don't have ''contracts'' that expire. Your investment never diminishes in value, and odds are that it will do nothing but increase. And the fun part is that i can prove it ! Who here has been with @crowetic and his asset BSILVER since the beginning, or not even, who had shares in his asset for the past 4-5 months? Yeah, did you notice what happened there? Not only everyone got nice returns, but the shares value increased a ton, the venture is bigger than ever and ever growing, and you have high liquidity in the market if you want to back out at any point.
Now, given what i just exemplified about BSILVER, i need you to picture scenario no 2 : you bought a 4 TB disk and plotted, started mining but you want to keep up with the ever-increasing difficulty of mining and not have your returns diminished. How do you solve that? Do you take a part of your profits like the big mines do and reinvest into buying more gear? That would be the logical solution. But, with just 4TB mining, if you chip off a bit at the end of the month to increase your mining power, all you will afford to buy is a USB stick... and not a big one.
And there's more. What if you run into a bit of financial trouble and need a bit of money? Do you go and sell off your HDD after just a few months of usage at a 50% loss?A mining farm solves all those problems i just pointed out. You don't need to buy that USB stick at the end of the month, because the asset issuer will do it for you. You don't need to spend time plotting and setting everything up. And best of all, if/when you need to get out quick due to whatever reason, you simply get to sell your shares on the market and have it instantly!!!
So yeah, as much fun as it sounds to buy your own HDD and set it up, it's unpractical on a small scale at this point. That money you would spend on that HDD you could simply take and buy shares in the mining farms we have now and ones that will be built. It's easy, it's fast, it's convenient, it's so fucking simple. And not only that, but you know what? You're actually helping BURST by doing this. How?
When you want to buy shares, you need BURST. You buy your coins off the market. You provide liquidity and price stability. When the mining asset manager needs to pay out, they as well need BURST, and again they provide liquidity and value .
IF we all just mine for ourselves and then dump the BURST we mined on the market, we do nothing but drive the price down. Mining farms are a way to avoid this. You want more mining power for yourself and want to buy it with the BURST you made last month from mining? No problem! You don't have to sell that BURST for BTC, convert that BTC into USD , buy the equipment, wait for it to be shipped, wait to have it plotted, start mining and always keep watching to make sure all is working properly. Buy buying shares into the farms, you've just shortened this process from days/weeks all the way down to INSTANT. The moment you bought a share, that moment your money starts making more money and you don't have to do shit about it! Just sit back and watch the dividends come.
Now for another perspective: why are these farms so beneficial for us except for ease of use?
Well, one could argue because they are fucking massive and ever-growing, but also the fact that each one of these ventures brings something extra to the table. There are no 2 assets alike. I'll give you 3 examples of the top of my head. Look at them for a sec : BSILVER, IBmining, BURSTOCEAN . All 3 are mining assets, yet they are all special and different in their own way.
And let me point out one major financial reason to why these things are a blessing to us: BIG money is starting to be made in BURST. More and more each day. Big money brings investors, brings businesses to us. It brings opportunity, new ways of earning, new projects, new talent, new value. Just look at the explosion of BURST in the past 6 months. How much cool shit went down, and how much more is to come. We have REAL LIFE BUSINESSES waiting to join this community (stay tuned for more details) . The BURST AE alone has the potential to be the crypto New York Stock Exchange. Shall i point out the crowdfunding and other cool stuff this platform offers?
So to sum it up, these things are nothing but a blessing to us all. You just need to look at these things from a different perspective. And i understand that many have bought their own HDDs and mine with them and feel threatened . Shit, i have as well, but i realized i can't avoid it and that it's for the better. People who bought a ton of GPU and block eruptors in BTC got screwed a bit as well... so i say embrace the change, and support it. Change is scary, but good and necessary.
DISCLAIMER : what i just said here is my point of view. You can agree or not :)
PS: don't worry, projects are coming that will make use of even 1 GB of your free HDD space, just give them a bit of time to be completed.
-
Time for our team to be rewardedposted in Burst Projects & Crowdfundings
For those who missed it, we had a debate about how to donate to the talented and helpful team behind this awesome platform and ecosystem of ours. It seems that the wallet has a feature that all of us missed and that thanks to @daWallet will now be used on a massive scale i hope.
It's called the SUBSCRIPTION system. If you want to help out the team, just subscribe to their account numbers, chose what sum you want to pay them and at what frequency.
Go to your Burst Wallet -> Transactions -> Subscriptions -> Create Subscription (or just watch the vdeo i made)
Dear subscribers, don't be cheap please. The more funded our guys are, the more motivated they are and the less they have to do on the side to earn a penny. If they have funding, they will keep creating even better things for us. So far it's been for free and out of passion. How about we keep the passion, but pay for it?
Our active development team and their wallets:
@luxe : BURST-SDAC-FFUD-SMCB-D3Q74 - GPU assisted jminer, Observer and Faucet Software
@crowetic : BURST-KKZA-XK7H-8YZ5-BKR87 - Business Development and Management
@haitch : BURST-ACGB-YGHQ-G9ZL-5XD7U - Infrastucuture manager - for the pools and all thing *burst-team.us related
@IceBurst : BURST-WGF2-7BDU-XSCG-998Y4 - Developer of the Android App
@daWallet : BURST-YZJ6-LYBY-WAC6-BQYGC - Developer of AIO Client for Windows
@Blago : BURST-B2LU-SGCZ-NYVS-HZEPK - Developer of Blago's miner, plotchecker
@CallMeJack : BURST-TKA3-TARL-3JBK-CCP93 - Develops a brand new Burst Pool from scratch -
THE ANN - 402 and Iposted in Asset Exchange
Dear people of the BURST,
As promised, 7 days later I have a major announcement to make.
For over a week now, I’ve been thinking on how to phrase this ANN, but even now when I stand here and try to put my words on paper I find it difficult. It’s a complicated one, but please keep on reading and try and keep an open mind.
Over the past few months I’ve started noticing a very dangerous trend in BURST : the price was rising too fast (eventually to spike) , uneducated investors and unrealistic expectations. You might have noticed that about a month ago I made a video explaining to people that they should always think of their assets and returns not in BURST, but rather BTC or fiat. Hell, I even had a website made to help out (burstfolio.com).
As the price of the coin was crawling to the low 200’s , I started noticing hesitation on the AE, and people starting to dump their shares and cash out for the quick profit. If price was to rise at the speed it has been in the past months, it was obvious that panic and greed would kick in and the AE and all assets will pay that price. Hence the whole try and stop it move we made at 310. It started a series of events that got out of hand way too fast.
We’re now left with a damaged coin, community, and a variety of more or less legal things that will haunt this coin forever. But all this will be gone and forgotten and the coin and community will move on, and it’s very likely BURST will reach the levels of greatness and adoption that we all hope for.Unfortunately I won’t be around for that…
I was faced with a difficult decision, and I took it. I need to take care of myself and especially my asset.
All recent events have led to personal damage for me but most of all 402. I have a financial responsibility for over 200 investors that have entrusted me with their savings. Continuing to stay in BURST will lead to the destruction of my asset, angry investors and losses I will never be able to make up for.
When I migrated to BURST, I did it for the technology, the people, the stability. None of those factors have been valid for quite some time now, but given the past few weeks, the outlook is more than grim.
On June 20’th I will start the migration of my asset to BITSHARES (BTS) .
The bitshares platform offers a much larger variety of backbone currencies, allows my asset to be traded for BTC, BTS, DASH, ETH, etc. Not only that, but in BTS we can finally stabilize the price of the asset, and people can always rely on the dividend that I have been delivering for so many months now. All 402 investors will receive dividends in BTC. From that point on, they’re free to do with those dividends whatever their heart desires.
402 is expanding at a rate faster than I would have anticipated 8 months ago. We now have 4 traders, and 2-3 more waiting to join the team very soon. We have a mining segment getting built up, a holdings fund, arbitrage bots, and a few more projects coming within the next few months. But in order for this expansion to keep on happening, my asset needs stability, it needs liquidity, but most of all it needs trading volume. None of these I can achieve in BURST.
Apart from all I’ve said, I have 4 personal reasons as well for leaving.
- 12 people … 12 people that I’ve helped over the course of the past 2 years. 12 people that now have mining farms, are able to trade, and have impressive portfolios because of the fact that I’ve dedicated countless hours and financial support to have them started up. All 12 have shown me their true colors in the past 3 weeks. That hurt more than you could imagine
- I am a gipsy Ponzi scammer . After those accusations arose, I invited everyone willing to have a look into 402’s accounts. Some came and had the full tour via live screen share, and some were fine with watching just the video I posted walking through the accounts. What made my brain explode was that even after some have witnessed for themselves that I indeed hold all the funds and everything I do is legitimate, still refused to believe and started bashing me. Some even made phone calls to my old workplace, and some went as far as hunt me down on social media and threaten me, but especially my girlfriend.
- My girlfriend. As I stated above, threats were made. Well, there came a point where I turned around and glanced into the woman’s eyes. The look of raw terror on her face left me with nightmares. For the past 2 weeks since, the most I could sleep was 10 minutes at the time because I have a recurring nightmare about that look she gave me that day. She had nothing to do with this, she never deserved to be dragged into this. A community of people that can stoop to such low levels is a community I no longer want to be part of.
- My friends. @crowetic, @iceburst, @lexicon, @dagentlemang, @estietrixie, @jenna, and a lot more that were either directly attacked or were collateral in the whole mess. And for what? For the exaggerations of a fluffy lunatic and a ton of people that can’t use their brains even if their life depended on it. I’ve talked to all of them , we’ve been there for each other and despite me moving my asset to BTS, we will keep working together and now we’re closer than ever. I’m sorry for everyone that was dragged into this. Seeing your faces in those times…it took an emotional toll that will be hard to recover from.
Everything I’ve written here is final. There is no changing my mind, there won’t be any ‘’talking of reason’’ into me. I’ve dedicated more than I should have to BURST, but I’m done. It’s time to take care of my family which I’ve neglected long enough, and it’s time to take care of my crypto family – the 402 family.
I will make another post a few days before June 20’th, with instructions for redemption of the BURST assets for BTS ones. Please people, use your brains, don’t start panic selling and think for a second : the only thing that will change is the platform. Same asset, same dividend, same team managing it.
As for burstforum, I have nothing but gratitude for everything that has been done for me here. All you guys have been wonderful, and despite me moving 402, it doesn’t mean I’m completely gone. I still have the tokens project and TAC. Those are BURST projects, and they will stay where they belong.
Before i conclude, a few FAQs already answered:
Why BTS?
*BTS is a coin/platform with a 2 second block time, that from day one has been better than most of the coins on the market. BTC strives to get segwit...well, BTS already has it, and a better version. The BTS blockchain can handle 100s of thousands of transactions per second*Why BTC dividends?
I am offering dividends in the most circulated coin on the planet and the coin with the largest store of value possible*Nameless, you said that 402 investors have a choice
And they always did. This time it’s different. Not everyone will see eye-to-eye with me on the matter, but this is a move i can’t afford to debate. If people don’t like it and want out, i’ll try and buy out as many as i can*Why don’t you just let lex do development work and drag him in as a 402 trader?
Lex already trades for himself on a daily basis. What i did was give him more capital. So if you think about it for a second, lex is trading for 402 without using up one single extra second of his life dedicated to 402*I don’t have time and i don’t want to learn about BTS
Think of BTS as a wallet. You don’t want to learn about BTS? No problem. Just move your 402 to this new wallet and get BTC dividends*How does the move guarantee longevity?
We’re moving to a more stable platform and coin. BTS, especially through openledger is slowly becoming one of the largest exchanges on the planet. With a flat trading fee of 0.07 BTS regardless of trade size , no exchange can beat that. And with all the projects getting built on top of BTS, i can honestly say that it has a guaranteed bright future.
Aside from that, there are tons of potential investors and liquidity providers that have been courting 402 for over 6 months, but they wanted nothing to do with burst. They’re all waiting for us over in BTS.*So if you’re so fond of BTS, why have you come to burst in the first place?
Because BURST was still an emerging coin back then with tons of potential. I wanted to be a part of that. I loved the coin, the concept, the people.*Why are you so convinced that BTS is the better option for 402?
We’re entering a market with a 171 milion dollar cap, a coin/platform run by professionals who bring their businesses to the blockchain. We’re also dealing with what can soon be the largest and most liquid exchange on the planet (yeah, it can be bigger that polo,finex,trex and all combined) . Reasons are plenty. All i can give are pros… haven’t managed to find a con just yetIn conclusion, i must reiterate : 402 is designed to be long term. The long term feasibility of my asset can only be achieved on BTS
-
RE: 402posted in Asset Exchange
One more major announcement made with the typical style of the nameless one:
@Lexicon is joining 402 as a trader !!!
I've been following his trading activity for quite a few months and the man is more than capable to handle our money as well. In the near future he will do arbitrage for us as well, which is a much needed feature in our trading portfolio.
Despite all the scandals and his asset getting fucked left and right, i have nothing but confidence in this man and i'll bet my left nut that he will do a great job for 402.
This move will take absolutely no focus away from his asset, as he trades every day anyway, and the only thing that changes on his side is that now he has more funds :DSo everyone, please give a warm welcome to our second trader!
-
I almost went full retardposted in General Discussion
two things i wrote to @Focus today
The story : the majority of the current core devs no longer want to have anything to do with adam or focus, but want to continue working on the core under crow. So i had the brilliant idea to hold 3 btc of FLEX funds hostage for 15 mins to try and convince Focus to release their counter-value from the dev wallet he controls over to crow so that he can pay the development as hefty as possible to get that damn thing done already
Hatts off to Focus for pointing out i was making a wrong move in a logical way (unlike his fluffy friend)
So, i realized my mistake, i released the funds and apologized to the man as you'll see in the pics.
I also apologize to all FLEX shareholders. You don't have anything to do with anything that is happening here. It was wrong of me to even consider doing what i did in those 15 minsThat being said, i have to apologize to 402 holders as well. This entire mess has taken a toll on my asset and i just realized i'm late on the dividend. I'll take care of that right away. It also took away focus from the asset development and future plans. I can no longer let this shit take a toll on my asset.
I'm done fighting this ''war'' . Nobody will ''win'' this and it will go on forever, only to hurt the coin and community.
See you all in the 402 thread and discord!*EDIT - apparently BN is under attack and i am to blame for it. I have nothing to do with that shit. The fluffy one made enough enemies these past weeks...just sayin'
-
RE: Crazy Goat Lady is hereposted in Introduce Yourself
This woman is one of the sweetest, most gentle creatures i know. She has nothing but the purest intentions and is eager to learn and build a community. The fat man crushed that dream of hers in a matter of seconds.
Worry not child, we got your back and you know it.
You're a brilliant noob in my team and you have a bright future ahead of you.
I wanna be a part of that future.
You've already made daddy proud. Keep at it! -
RE: Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!posted in General Discussion
Ok, so to hopefully sum this up and perhaps close this thread we all agree that :
- From now on, we NEED to be informed if an issuer is under 21/18 (that age thinf i'm not sure how to solve)
- Once the community is informed, they are to be allowed to launch assets because indeed it can happen that they might actually come up with gold
- EVERY INVESTOR IS RESPONSIBLE FOR THEIR ACTION ONCE INFORMED FULLY !!!!
i hope we all agree on these points and move on. the past 4 hours of this debate have led to the same 3 points i made anyway.
-
Letter to 402 and the communityposted in General Discussion
I've never written a letter before, so bare with me.
So... as perhaps all of you know by now, my 402 is slowly gobbling up all my other assets and becoming a hybrid monster. That gives us a ton of flexibility that can be used for coming up with fun stuff.
Right now, 402 pays out roughly 110k BURST each day. Once it has fully eaten up ALL my other babies, it should pay about 170k BURST per day or more. That's not a bad number huh?
Anyway, given these facts and the ever-growing number of shady and scammy assets, i have something to ask of my investors, as well as the people caught up in these scams.
WHAT IF I were to ''skim off'' about 1% of our profit and use it to help out people that were fucked by other asset issuers? Here's how i'm imagining this concept:
I make a sister asset, called 911 for the sake of the argument. For every 10 BURST people got scammed out of, they would get a share of 911 (only certain scams would qualify). Now 911 would be funded by that 1% i skim off the top of 402's earnings.
This means that my investors would earn just a itsy bitsy tiny bit less, but they would contribute to the scam asset rescue fund thingy i just proposed.
The 911 asset would pay out weekly or something, and the amount will vary according to 402 gains. This way, people who got burned can still rely on a little bit of income despite their massive loss. I know some have lost a lot, but something is better than nothing...
So long story short...this is the idea. I would like this debated please.
And investors of 402, please don't be idiots and insta-dump or whatever. This is open for debate. Speak out if you're not fine with it! But also consider that the ''loss'' you take is very much minimal and will help out the ones in need.
That's all folks!
Love,
Your creepy uncle and village idiot
-
The massive proposalposted in Asset Exchange
After all this will be debated, i will kindly ask the admins to delete/lock this thread.
So, as i said in some threads, i had a little time to think, and i believe it's time for me to present my idea of the MONSTER i want to bring to life through my assets.
As many of you know, my pride and joy is NEWSILVER, but the real monster is meant to be 402 . The innitial concept of it received much love and we raised a ton of money for it and it's doing great. But then again...so are my other assets :)
That being said, i think it's time to initiate my master plan if people will be on board with it.
''402'' was designed to be the safest and long term asset i have ever conceived, but it was also designed to be massive, perhaps more massive than any other BURST asset out there. So starting from that idea, here is my proposal :
402 is to eat up all my other assets - NEWSILVER, 500K, FAD , and here's why :
I already proved that each asset in itself works like a charm, and each individual concept is golden. If 402 was to gobble up all the rest, we could end up with the most diversified asset out there as far as trading goes. We will have safe, medium and high risk trading, a combination of all, as well as a means for the developers to earn.
The way this merger would work would be through a redemption of shares through the following model:
- one NEWSILVER share = five 402 shares
- one FAD share = six 402 shares
- one 500k share = two 402 shares
If this is done, 402 becomes a frequent dividend paying asset (every day or once every few days) , with A MINIMUM GUARANTEED PAYOUT of 0.015 BURST per share each day, but if trading goes well, it can be way above that. Aside from that, 402 will offer a monthly guaranteed 400k BURST per month to the developers fund.
Also, if this merger is done, it allows me to make even further expansions like hiring an altcoin trader, invest in mining and other forms of income. The reborn 402 asset will also have the largest backing ever with 2 mil ADSactly shares, 5000 BSILVER shares and more. The escrow fund from 500k would be moved over to 402 and would be steadily grown and further be kept in escrow.
Also, i made a promise not to sell any more shares till 2018. That promise is to be kept ! There will be a limited supply of already owned shares in circulation, which allows for price increases and lots of trading. The asset should pick up a lot in volume if this is done and buying and selling shares should be very easy and loss free for people, since i predict a very nice price stability.
If we do this, it will be a bit of a pain in the ass till redemption is done, but after that it's pure smooth sailing. We will have a monster on our hands worth well over 50k USD with massive backing, guaranteed minimum payouts (but with possibility of bonus) , and a hybrid combination of trading styles an more.
Further more, my girlfriend will be joining me in my efforts and keep on trading like she does with 500k, but with a bit of a larger capital perhaps.
Aside from that, i still have a few conversations left to make with a few asset issuers, because i would like the new 402 asset to also have a stymulus program - giving interest free loans to certain asset issuers for faster expansion of their ventures.
So as you can see, i really am ready to bring this monster to life, provided that people are on board with the idea. Please give some feedback, please exchange opinions, and let's see if we'll make this happen or not.



