Topic: Aegis DevCoin - page 2. (Read 3258 times)

Dude, you're killing me with your ignorance.  Any corporation, public or not can dilute itself by printing shares ad nauseum.  There is no limit, just the filing requirements which state you need transperancy.

Which brings me to another enormous cost to corporations (although I'm not certain this applies to Bahama) but hiring the necessary people and using up costly resources to observe and maintain ridiculous laws such as Sarbane Oxley, that cost alone is prohibitive to many small corporations when they try to determine if they're going public or not. 

It's been a few years but when I learned about this - the cost to a corporation was close to $1 million per year.  And it's not even very effective at keeping crooked corps honest - it's just another ridiculous regulation. 

And the SEC is a joke.  Besides that, they only have the power to monitor and audit public corps and devcoin would not be public, at least not at this point.

And please stop making such ridiculous statements - I'm certain about this as this type of information was required reading and case studies when I was in school.

Monkey-boy slash - sir troll-a-lot, said to open the corporation in Wyoming cause there you can print infinite shares.

This is what I mean, this guy is like a child, literally.  Any corporation, anywhere, can print infinite shares, it's part of the benefit of being incorporated.

Hahahahaaa.

Excellent point DeadSea33.  Excellent point.  Shalom, Brohim!

Unthinkingbit, it's going to be tougher than it used to be to set up a corporation in the Bahamas.  There's been a lot of cracking down by the Feds over the last few years and now there are no more secret accounts in Switzerland, they have upended all of that secrecy.  

That said, I'm sure there is now much more transparency and regulation for Bahama accounts.  I had an LLC in Delaware since that's the most favorable place to do an LLC, but that was a few years ago.  

LLC is the best way to go unless you want the option to sell stock later on as that's the main difference between a LLC and a corp, well, that and lower taxes for the corp.  An LLC has the same protective "corporate veil" as a corporation which is nearly impossible to be pierced so your personal assets will protected and separate from the Company's (LLC) assets. 

A Corporation will require much more tedious work like a board of directors and regular scheduled (quarterly) meeting where you have to record and maintain "minutes".  A real headache where an LLC is very simple and requires no board, no meetings and no minutes.

And as an LLC you can file an exception to be taxed at the lower rate of a corporation, so you get that benefit without the headaches.

To make the best decision and to make sure it's all legal you would most likely need a lawyer which specializes in this field - most likely a trust and estate or securities lawyer or an ex-corporate lawyer.  I'm sure they can do all the paperwork for you and determine if an LLC or a corp would be best based on what you're looking for and I doubt it would cost more than $2,000 to a max of $5,000.  

An LLC in Delaware only cost me about $300 plus the $100 yearly fee as you need the law firm to represent you in that state as a trustee.

Legal zoom is a great place to start for cheap legal forms and legal advice.

Good luck!

Ok, where are the mods.  This guy should be able to excersize his freedom of speech but he's blatantly calling devcoin and unthinkigbit "the mafia" which is completely groundless and ridiculous.  At least a couple of his posts need to be deleted.

And dude, you're welcome to post here but if you accuse someone of wrongdoing get proof and then I'll be all ears.  Be mature about it, you're acting like a child.

Aegis is a moderator account started by the original poster of this thread, acs26. I asked him to make it because I realized that no one person can moderate the thread round the clock. If you want to use the Aegis account, please message acs26.


I was frustrated with the trolling, and after realizing that a self moderated account would stop it, I just made the 'Devcoin Moderated' thread before thinking about it. After making the new thread I realized that we needed round the clock moderation to stop trolling completely.


The offshore corporation is unrelated to Aegis. I'm not sure what is involved in forming an offshore corporation, I assume it means lots of forms. If you're interested please message me, in a couple of days everyone who messaged me will participate if they wish.

I read on the bounties list on devtome that "Non Mining Businesses" can get a couple of shares for the round. Is this bounty still active? I have a vanity address business that accepts devcoin which can be found here: https://bitcointalk.org/index.php?topic=225680.0/

Oh please, you've said this a dozen times in under 24 hours.  Give it a rest you boyscout.

When I did my research on all the alt coins in order to pick the ones I wanted to buy (some 2 months ago) I read at least one third party article which stated:  DEVCOIN was once at $10.

Why don't you stop whining and google "devcoin $10" and I bet you'll find numerous articles making this claim.

Finshaggy is simply repeating what he heard or read.  Free speech, free country and at least he's done a lot of good for devcoin and devtome where the only thing I've seen from you is whining and complaining.

So here I am, backing Finshaggy's claim.  Call me a pumper, I read it doing research.  You wanna put a scammer tag on me too now?  

Grow up man, this is America!

Whoops,    , yes sorry, my math fail there. You are correct.

[response to hotcoldcoin's post above]

I'm not allowing anything. Merely offering a plausible explanation for the mistake.

Note, I haven't read Finshaggy's other posts on this.

There was ONE day, April 21st, according to the cryptochart for DVC at crytocharts.info, that the coin was worth about 9$, and may have, may have briefly touched 10$.  Still would make FinShaggy's statement a big hyperbole and misleading, but I don't think this one error negates all of Finshaggy's work for the devcoin community or  think that is a  mistake worthy of banishment, personally. Just something that ought be fixed.

As for the other topic of shares, I'm slightly bitter I missed the deadline at devtome. My contrib must have missed the script by just an hour or two  aw well, next round I suppose.

No it means we will post up the shares file to the websites the clients get them from, then over the next while the clients will each pick a random block number at which to download it, so that come the end of this round they will all have the list of shares ready for next round.

Then when the next round actually starts, which will be at the next block evenly divisible by 4000, they will pay out according to the first line of the file, the next block they will pay out according to the second line of the file and so on. If it is true that the file will have 1000 or more lines then the division into 4000 will be way more chunky than it was back when there were few lines. some lines will only get used three times, others for time, that is quite a significant difference. Back when there were less than a hundred lines the chunkiness would have been small, like maybe some lines only getting used 99 times others getting used 100 times. Maybe we should phase out fractional shares and use the ability to put five items per line to put five full shares per line or something. Or even look toward putting a hundred or more items per line.

Maybe even always have exactly 4000 lines, and fill them accordingly even if that means having some padding accounts or something.

-MarkM-

Sort of a long shot, but not entirely implausible that the writer meant / was thinking 10 cents perhaps?  The coin has been worth more than 10 cents often enough, but ya  never close to the $10 mark.  ... Though the way it was written, it does seem like $10 was intended.

Confirming that I got the test DVC as well, . So address is good!

Should we just remove that - or Fin can you tell us where you got the $10 from as that's news to me and sounds wrong and misleading?

My address checks out fine. I have two receiver addresses. 148T26TsNqCLzkxuYzMSMxYvwySTZA7Sd5 and 1CfWWyDNUeioJc7TBnqDBDyQKJUYwT7S2Z.

What you have on file is fine.

Aegis is the name of the moderator account. I'm not sure if it represents anything else as well.

I'd like to know what is involved with offshore corporations as well.

What is this Aegis that there is talking of people joining or having joined or whatever?

It is kind of out of the blue to me. Is it the name of the proposed offshore corporation or is it some forum somewhere where some stuff is published thus that has moderators? If so what does it have to do with devcoin?

What is involved in forming an offshore corporation?

-MarkM-

I'll go ahead and let this go. Your willingness to both listen and understand is a huge sign of character, and I admire it.

I understand where you're coming from, and in this case I can also understand your reasoning.

I also want to apologize for the somewhat accusational tone I had in the beginning!

ranlo, I am very impressed by the evenness of your response. I hold no grudge about questioning the integrity of my work. It's a good check.

Those three appendices at the end of my book *are* by others. I used them with the old-school idea that if an non-fiction book addresses an issue, it should make available some references which are nearly impossible for a broad readership to have access. At the time I wrote the book, those three pieces were nearly impossible to locate. I only found them because I had access to an extremely large research library during my first graduate program.

If any in this community feel that I should remove those appendices, I would happily do so, but I do feel that their removal would detract rather than enhance the content. I could even move them to their own collated sources if anyone wishes. If there is even one person who wants me to move it, I will do so.