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Offline Stan

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Zenith Music Exchange
« on: April 09, 2014, 08:45:39 PM »

Eddie and cob announced their groundbreaking entry into the Bitshares Music family in New York today

We will have video of their presentation for you in a day or three.

He split his shares with Bitshares  50/50 which gets you

25% PTS
25% AGS

The other half honors the coin he had planned to use before meeting us in Texas - Zenithcoin
« Last Edit: April 09, 2014, 08:48:30 PM by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

sumantso

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Re: Zenith Music Exchange
« Reply #1 on: April 09, 2014, 09:48:16 PM »
Nice one.

Will they be getting similar funding from the other coin?

sumantso

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Re: Zenith Music Exchange
« Reply #2 on: April 09, 2014, 10:19:32 PM »
I take it back. I remembered Zenithcoin was extremely hated and by and large had a bad rep, so much so that nobody was even interested in the giveaways. The coin dev, Solarcx, was getting 50% of the mined ZTC which was a major sticking point (not to mention his extremely arrogant attitude). He had in the middle also tried using the coins as tokens for some BTC mining which didn't work out. https://bitcointalk.org/index.php?topic=219644.0

So I looked up in BTCtalk again and it seems that the coin was recently sold to 'FrictionlessCoin' which is probably Ed (or Ed hired FrictionlessCoin), who has a very bad standing in the community, and personally to me seemed like someone who has been trying to scam (he has been quite busy, including some fork of NXT and has raised quite a lot of money).

Since I don't have much idea about the business, and how hard it is to try to get somebody like Ed, I would strongly urge others to look into it. But I should add that if I was not invested in I3 earlier, I would have certainly steered cleared of I3 if I heard it was allying with ZTC/FC. Granted, the loss of my puny investments wouldn't have registered; but I am willing to bet lots of others would have the same feeling.

Offline cass

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Re: Zenith Music Exchange
« Reply #3 on: April 09, 2014, 10:33:48 PM »
Newsletter March 14

Quote
Eddie Corral joins the partnership with 25 plus years in the music
business from recording to music publishing, concert promotions and
radio broadcast experience – Eddie has worked for the major label system
and has signed five acts to major label deals. Eddie is a current fifteen
year voting member of the recording academy NARAS – his experience
will help shape the future of how BitShares Music will engage the fan
directly with a recording artist of his/her choice. Eddie will be in charge
of securing contracts with artist and record labels to secure a smooth
transition into this new and exciting platform.

i'm a litte bit confused! Is this same Eddie form Zenithcoin etc.?
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline EntSki

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Re: Zenith Music Exchange
« Reply #4 on: April 09, 2014, 10:37:00 PM »
We can't really fund them fully then, Stan.  50 % of what they need is all we can give them for this to be equitable.  We'll need to see the numbers.

Offline cass

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Re: Zenith Music Exchange
« Reply #5 on: April 09, 2014, 10:39:37 PM »
We can't really fund them fully then, Stan.  50 % of what they need is all we can give them for this to be equitable.  We'll need to see the numbers.

?
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline EntSki

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Re: Zenith Music Exchange
« Reply #6 on: April 09, 2014, 10:40:33 PM »
We should really reach out to Sean Parker on this one.

sumantso

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Re: Zenith Music Exchange
« Reply #7 on: April 09, 2014, 10:44:13 PM »
i'm a litte bit confused! Is this same Eddie form Zenithcoin etc.?

Sounds like it. https://bitcointalk.org/index.php?topic=219644.msg5551451#msg5551451

Solarcx's trust rating https://bitcointalk.org/index.php?action=trust;u=87434

Failed to deliver on the promises made with regards to the 1000 ghash promotion.

https://bitcointalk.org/index.php?topic=295724.0

https://bitcointalk.org/index.php?topic=401132.msg4357501#msg4357501

His offer to compensate me for my time and hashpower was downright insulting.

https://bitcointalk.org/index.php?topic=401132.msg4372634#msg4372634

solracx = Carlos Perez, aka FrictionlessCoin

https://bitcointalk.org/index.php?topic=424724.msg4680994#msg4680994


FrictionlessCoin's trust rating https://bitcointalk.org/index.php?action=trust;u=127521

Some gems from there
I highly suspect he is a sockpuppet IPO scam artist. Claims his real name is Carlos Perez.
Both FC and solracx refuse to answer why solracx is apparently usuing his email.

NEX main thread --> https://bitcointalk.org/index.php?topic=422052.0
NEX - NXT IPO thread #2 --> https://bitcointalk.org/index.php?topic=424724.0
NEX - NXT IPO (moderated) thread #3 --> https://bitcointalk.org/index.php?topic=429399

Level Coin IPO --> https://bitcointalk.org/index.php?topic=422309.0


IPO SCAMMER. Cloned NextCoin 1:1, then asks for BTC/NXT to sell this coin in order to obtain NXT. Creates hundreds of accounts to push his thread for fake interest. WARNING!


Offline EntSki

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Re: Zenith Music Exchange
« Reply #8 on: April 09, 2014, 10:49:11 PM »
All this said,  the video and demo thats on BitShares FB makes this look very[/i promising.

sumantso

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Re: Zenith Music Exchange
« Reply #9 on: April 09, 2014, 10:50:05 PM »
Also, I would like to add that I was there when the initial ZTC was launched (you may even find my posts in the old thread). Since it was by and large shunned by the community (Magnet and co actually ran with the original chain so that 2 ZTCs were existing at some point), only Solarcx kept mining for months. That and add to that anybody mining was giving back half to the dev meant that Solarcx had almost the entire coin supply. I wouldn't be surprised if more than 90% is in Solarcx's hand (or the new owner if that is indeed true). Giving 50% to such a distribution would be very dangerous, not to mention a PR disaster (see NXT and its distro, where 73 people participated in the IPO).

I can see why ZTC would be tempting for somebody to release something like this as you have almost the coin supply in your hands.

Offline EntSki

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Re: Zenith Music Exchange
« Reply #10 on: April 09, 2014, 10:51:19 PM »
Yeah, we'll have to fork this immediately and start over.

Offline Stan

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Re: Zenith Music Exchange
« Reply #11 on: April 09, 2014, 10:55:04 PM »
I take it back. I remembered Zenithcoin was extremely hated and by and large had a bad rep, so much so that nobody was even interested in the giveaways. The coin dev, Solarcx, was getting 50% of the mined ZTC which was a major sticking point (not to mention his extremely arrogant attitude). He had in the middle also tried using the coins as tokens for some BTC mining which didn't work out. https://bitcointalk.org/index.php?topic=219644.0

So I looked up in BTCtalk again and it seems that the coin was recently sold to 'FrictionlessCoin' which is probably Ed (or Ed hired FrictionlessCoin), who has a very bad standing in the community, and personally to me seemed like someone who has been trying to scam (he has been quite busy, including some fork of NXT and has raised quite a lot of money).

Since I don't have much idea about the business, and how hard it is to try to get somebody like Ed, I would strongly urge others to look into it. But I should add that if I was not invested in I3 earlier, I would have certainly steered cleared of I3 if I heard it was allying with ZTC/FC. Granted, the loss of my puny investments wouldn't have registered; but I am willing to bet lots of others would have the same feeling.

That coin is now under new management.  Not being a coin developer, Eddie's original strategy was to buy an abandoned worthless coin and rejuvenate it by backing it with the value of his ideas.  Then he met us.

Now we are using the power of the snapshot to move all of his capital into a better platform - bitshares!

We expect to rescue the holders of many other unprofitable platforms, maybe even Bitcoin, as more and more folks abandon mined coins for a profitable platform.

After the merging snapshot, all music will trade in bitshares, so what difference will the history of the ship that delivered the wealth to our ecosystem make?

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

sumantso

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Re: Zenith Music Exchange
« Reply #12 on: April 09, 2014, 10:59:56 PM »
Now we are using the power of the snapshot to move all of his capital into a better platform - bitshares!

See my last post. Its quite possible he owns almost ALL the coins. In effect you are awarding him almost 50% of the DAC.

Of course he picked up ZTC, since he gets a coin in which almost the entire supply is concentrated.

Offline donkeypong

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Re: Zenith Music Exchange
« Reply #13 on: April 09, 2014, 11:01:19 PM »
Sounds great. What do you mean by "merging snapshot"?

sumantso

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Re: Zenith Music Exchange
« Reply #14 on: April 09, 2014, 11:02:35 PM »
If you really want to give him 50%, why not just award him 50% of BTS Music? That will avoid the PR disaster.

ZTC is not just some abandoned coin. It is something which is almost wholly owned by a single individual (and has links with some dubious users from BTCtalk).

 

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