My biggest priority is to protect the millions of dollars invested into my assets. Since the NXT is apparently unconcerned about what the effects of totally changing the financial scope of the reference currency would do to everybody who built on top of it, I will have to take proactive steps to do so.
I knew the BC2 incident was going to hurt NXT and I tried to stop it and warn people, but that got turned around into somehow it being my fault that promises made after BC1 were broken and that I didnt compromise. Then a big FUD storm against me and SuperNET pushed the price of it below the value of just the core coins it held, wiping out all the gains. So I was reluctant to say anything due to the "shoot the messenger" thing that happened last time.
I have been silent, but when this farce of community "feedback" is making it clear that it has already been decided by fiat that NXT will be massively devalued permanently, I decided to make an appearance directly. So please if you want to just make me upset, attack me for what the NXT is forcing down our throats without regard to the millions of dollars at stake.
At this point I am reacting to protect investors in my assets. If you are such a person, do not worry. If indeed this fNXT plan moves forward without any protections to asset holders, there will be a way to transition off of the NXT blockchain to where it can be priced and traded against BTC and other currencies.
Anyway, I dont want to get into any extended back and forth. I just wanted to state my position that I will protect investors in my assets and unless there is a believable plan that protects asset holders interests against the issues I raise in this post and any other that might arise, then my hand will be forced. Do not bother trying to convince me to compromise as I do not have the power to just let half the investors value get "temporarily" pushed down by 50% without any clear path to recoup it. If you want to prevent this migration, you need to prevent fNXT and I have ZERO influence over that. I couldnt even get small API change reversed.
I will converse as long as things stay civil, but really I do not have the tolerance to being called names and being insulted.
For all your NXTers without any assets and just love this fNXT plan, just imagine if instead of a 1:1 distribution, all the fNXT would go to only people who have the camelmilk asset. From the asset holders point of view it is a similar type of wealth transfer, even if the ones who are benefiting might not benefit at all, it is clear that fNXT has very little chance of helping assets and a very significant chance to hurt them.
James
P.S. I will not be making technical advices as it is clear that I dont get any respect in that area from the NXT devs, so it is no point to deal with this technically as I clearly dont have the capacity to understand java and it could very well be technical limitations caused by java. I speak about the financial aspects. I will probably lose another million dollars of net worth due to this post, but I am trying to save NXT.
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