I told him and i told others, if i am the one accused it is not right for me to do the audit myself, which is why i handed in the documents to them, so they could assess the situation. He says the officers tried, i feel this statement i misleading. We supposedly had a CDO, if we have a CDO, what part of NRS development did he try? If we have a CMO, have we seen any marketing done in the last three months? Frankly, I am the one who should be dissapointed because i spent a lot of time working to put this together. What funds ? Since you can't be bothered to really post things then i will
Yes you are right, I believe that the CDO (current dev of SSD) could have done MUCH more. As well as any officer still around.
The total is 32.9655 BTC [/b][/size][/center]
I think you put too many transactions up. In the six that you linked there is much more than 33 BTC. If you bought your own miner please separate it from that group.
Lets look at the Policy that i instituted for NRS in the beginning, 10000 NRS ==1Share==1 BTC
This however changed when the prices started dropping so i began to use market exchange rates since it was my OWN BTC i was risking by allowing people to buy in with NRS and NRB
You'll see that NRS investments were adjusted based on price and everyone agreed with their investment share.
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We now have NRS at an average price of 0.00004 which in BTC is 6.68 BTC meaning I have to account for 4.4958 BTC
This is way off. First of all that document is out of date. Use Logans. Logan had a page that tracked the price of NRS for each purchase on poloniex. Do the math, the average price at the time was more around .00008 BTC. The NRS was worth 11.9205333703 BTC, there is no getting around that. Check poloniex guys. Barwizi just guessed at .00004 NRS.
On receipt of these miner i had to pay import duty and other taxes totaling +7 BTC (these payments were now straight FIAT out of my pocket)
Which again means i am owed a shortfall of 2.5342 BTC
You estimate that duty and taxes were 6.5 BTC in your own accounting. You repaid yourself several times. Get the receipts.
Initially, the miners were setup in my home, so that is i was incurring costs of 5kwh*24 per day in electricity costs
at a cost of 0.15 per KWH it amounts to $18.00 for electricity DAILY
The miners were in my home for 2 months so that is 18*60 == $1080 in FIAT costs to me which at the time is 2 BTC owed to me
I recall you bragging about free electricity. Once again, get receipts.
Shows what we mined initially, of which we can remove the 4.5342 BTC owed me that means i need to account for 4.33043
The miners were moved to a hosting facility after it became clear that to maximize their capacity and to free me from watching them they had to go.
The initial cost of hosting was a bit higher because we had to pay extra for thing s like "fire suppresion" , the host facility was not originally intended for hosting. The cost in BTC was 2.2
Cost of hosting 5 x 1 TH
June 2.2 BTC
July 1.4
August 1.5
You repaid yourself from the miners according to your own document. The cost of hosting was paid by two of the miners, not paid out of your pocket.
We had a multipool idea brought up by Koontas which cost us 3.5 BTC
It cost 3.0 BTC.
I have been corrected by Frigga77 , i forgot the PTS and miscalculated the BTC by 0.2.
The PTS were worth 4.7749 BTC. Guys he is just guessing at the value of the coins. Check the charts and Logans document.
At the end of the day, even if we use barwizi's inflated figures he ended up with way too much of our BTC. We aren't even at the premine/missing mining op BTC yet.