first difficult query to jl777 (or FUD if you may) - How is it that what you are doing is not akin to a Ponzi? The way I see it, you have too many of the "this invests in another asset" kind of assets. You have sharkfund0 which invests in your own assets, now you have jl777hodl which again is made of assets you issue and now Supernet.
So basically you open an asset, then open another asset which invests in the last one and then another which invests in the last one + 1, thereby building a chain. This along with a rather longish development cycle - till Dec for coding if I am not wrong + 6 mths to settle - 10 mths -- a really life long time, yep, nothing can go wrong here. Given the normal BCT crowd who greedily latch onto IPOs without regard for due diligence, this is a perfect fodder.
I wish you luck and hope you raise 10k BTC. So that once this goes belly up, people on this forum had learned their lesson.
http://en.wikipedia.org/wiki/KeiretsuThe assets represent ownership. proxy assets like JLH are to perform a single-throw multiple pull function, eg. buy one asset get two dozen. It is a convenience thing and like a sector fund, so you dont have to research all the assets to know which to buy. It wont get the best ROI compared to a single asset, but it also wont get the worst. It will get the capitalization weighed average
I am estimating year end to be done with debugging of all except Privatebet. most of the coding for the rest is done. I can only point to MGW for a project I have completed in the crypto space.
Since you are comparing SuperNET to ponzi, it is clear you dont understand it is asset backed. So when you actually understand something about SuperNET, then I would be happy to answer any specific questions you have.
James
I see the IPO is running full steam ahead so first congratulations are in order.
Keiretsu? Wow! I really have to say you know your finance stuff (or researched well). Most of crypto people would have been tongue tied answering the question with sensible arguments.
That said, first lets look at Keiretsu -- By definition it says different companies but by its working it is also about different promoters too. Here you are investing in your own assets that too borrowed from people. So it really isn't Keiretsu. Now you might say otherwise but one of the founding principles of Keiretsu is to lower risk for the companies too. In all of these assets there is one single biggest risk and that is YOU!!
JLH might be a "balanced fund" but now out of 9 assets it holds 4 of them have association with you - MgwLTC, MgwBTCD, Coinomat and NSC. On looking at trades I find it recently even held Nxtprivacy which was traded or transferred making it 50% (5 out of 10) in your own assets being held by jl777 (until yesterday):
https://nxtblocks.info/#section/txid/13869109530637325948https://nxtblocks.info/#section/txid/18177681832696022121Now the recipient account NXT-EVK5-KLZV-NHSZ-H4Z7R was first created on 5th and it doesn't show any bid order placements -- to buy NXTprivacy on an open market, so you have to wonder how it now owns 2.5% of the asset without any trades. Was it via some kind of trade/agreement? I don't know but makes you wonder for sure. The account received transactions from two NXT accounts:
https://nxtblocks.info/#section/accountId/NXT-ALP6-JWLS-K25S-DYTMBhttps://nxtblocks.info/#section/accountId/NXT-R8SQ-TUEM-DTHQ-7ATA3both of which again hold your assets (percentage wise)
I have just scratched the surface of your holdings and their transfer patterns. I am sure if I dig enough a pattern will emerge. To me it looks like an inter transfer to build up volume and price. This is possible because.............all transactions on NXT using 1 NXT as a fee instead of a percentage share (this is the achille's heel of NXT itself) , not really a big one if you can forge/get those back in the market, isnt?
Is there something fishy about your offering? Yes. Am I 100% sure about whats going on? No, cause I am not a full time auditor
So everyone buying this ICO (and saying "we have read the thread and understood") just be careful. JL777 has been kind enough to ask only 1 BTC if you doubt him, I would wager 0.01 BTC. But as I said in my original post, if you are being greedy, you will deserve what is coming.