Zenith Music Exchange

[CLains]

No need to be upset just yet. The most likely is that Eddie simply bought it from FrictionlessCoin, thinking Zenith was a cool name, and not thinking too seriously about the reputation of the coin or its owner. Now that he doesn't need the coin anymore, he still feels attached to it, and so puts it work for a new purpose, as distributor.

If that's the case, then the only remaining question for Eddie and Cob is to consider if the name Zenith, the website domain, the distribution of the coin, and the reputation of the coin, sums up to outweigh effort into an alternative name, website domain, distribution mechanism, and consequent reputation.

[muse-umum]

Eddie, say something about this, please.

[CalabiYau]

If every partner we bring here gets this kind of reception, how many fewer will we be able to sign?

y

I don't see any harsh comment, I only see the forum worrying and for good reason, I only see the forum trying to defend 3I interest and shareholder, this is very important. You guys are doing an amazing job and the community fully trust you no question. BUT when there are money involved the  scam artists are not far away. So sumantso and delulo are just raising a flag. You are human you could make mistakes and if we can help  prevent it in anyway will do it.
Nobody is saying that Eddie is Frictionlesscoin and probably he is not. First let make sure he really has that background experience that he's saying.

And there is absolutely no reason to be associated with Zenithcoin this has a very bad reputation. Better give him 50% and then he can do whatever he wants with his death zcoin. He can give the share to the Zenithcoin holders if he wants.
3I should do whatever it takes not to be even remotely associated with that coin  or scam artist like Frictionlesscoin. This is very serious please read Delulo post twice it covers all the dangers.

 

[ebit]

I have lots of PTS and AGS.
Thanks Eddie and cob.
I love you 

[cass]

I think "Zenith Music Exchange" != "Bitshares Music".

Therefore,you've all been  angry  for nothing . Bitshares Music do not give 50% to zeit,just Zenith Music Exchange do .

so Bitshares Music is an empty shell ? what  has 3i done for the  "Bitshares Music"?

3i deliver the technique behind the new DAC

[angrywinds]

I think "Zenith Music Exchange" != "Bitshares Music".

Therefore,you've all been  angry  for nothing . Bitshares Music do not give 50% to zeit,just Zenith Music Exchange do .

so Bitshares Music is an empty shell ? what  has 3i done for the  "Bitshares Music"?

[cass]

If every partner we bring here gets this kind of reception, how many fewer will we be able to sign?

y

I don't see any harsh comment, I only see the forum worrying and for good reason, I only see the forum trying to defend 3I interest and shareholder, this is very important. You guys are doing an amazing job and the community fully trust you no question. BUT when there are money involved the  scam artists are not far away. So sumantso and delulo are just raising a flag. You are human you could make mistakes and if we can help  prevent it in anyway will do it.
Nobody is saying that Eddie is Frictionlesscoin and probably he is not. First let make sure he really has that background experience that he's saying.

And there is absolutely no reason to be associated with Zenithcoin this has a very bad reputation. Better give him 50% and then he can do whatever he wants with his death zcoin. He can give the share to the Zenithcoin holders if he wants.
3I should do whatever it takes not to be even remotely associated with that coin  or scam artist like Frictionlesscoin. This is very serious please read Delulo post twice it covers all the dangers.

 

[Avant]

What delulo says is thoughtful. I don't know why III want to associate it with bad reputation coin. 50% of Bitshare Music can allocated to Eddys. Eddys use it do something else, I don't care. I really care III's reputation. As delulo says, can you give Eddys' resume or something else?

[angrywinds]

难以置信！！！music不是3i的dac吗？这个分配比例难道不是你们定的？你们居然做这样的决定，是想炒那个山寨币么，让支持者去买这个山寨币？无法理解这样做的目的是什么，如果3i自己想要，直接要走好了，如果是想推广，拿出一部分给比特币的持有者也是其他ptser,agser更愿意看到的结果。

[oco101]

If every partner we bring here gets this kind of reception, how many fewer will we be able to sign?

y

I don't see any harsh comment, I only see the forum worrying and for good reason, I only see the forum trying to defend 3I interest and shareholder, this is very important. You guys are doing an amazing job and the community fully trust you no question. BUT when there are money involved the  scam artists are not far away. So sumantso and delulo are just raising a flag. You are human you could make mistakes and if we can help  prevent it in anyway will do it.
Nobody is saying that Eddie is Frictionlesscoin and probably he is not. First let make sure he really has that background experience that he's saying.

And there is absolutely no reason to be associated with Zenithcoin this has a very bad reputation. Better give him 50% and then he can do whatever he wants with his death zcoin. He can give the share to the Zenithcoin holders if he wants.
3I should do whatever it takes not to be even remotely associated with that coin  or scam artist like Frictionlesscoin. This is very serious please read Delulo post twice it covers all the dangers.


 

[santaclause102]

Frictionlesscoin seems to have been at the New York conference: https://bitcointalk.org/index.php?topic=422052.msg6118285#msg6118285

[santaclause102]

Here is what I know about Frictionlesscoin.

First he spammed the "NXT source code flaw reports" thread https://bitcointalk.org/index.php?topic=397183.80  Over several pages he makes every third comment or so, trying to bring down NXT and probably the NXT price. No flaw has been found afaik. He was completely distructive and not interested in helping to find flaws!
See one of my posts here. https://bitcointalk.org/index.php?topic=397214.msg4384989#msg4384989

Here is one of his endeavours that followed:
[ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness! https://bitcointalk.org/index.php?topic=422052.0
A pointless NXT fork...

He also launched iXcoin in 2011 which went nowhere really.

So to me it looks like he is running around in the crypto space trying to make money in whatever way possible.

Leaving his intentions aside, people will lose trust in I3 when they see Zenithcoin and/or Frictionlesscoin cooperating with III. Everyone in the altcoin community knows Frictionlesscoin, especially those involved in 2.0 projects. III has so many great projects that would be hurt by this. The market peg in BTS X depends on a self reinforcing assumption among speculators. If I3's reputation is damaged there might be enough scepticism to call BTS X a scam as well (other than calling it an experiment).

Please don't make the mistake to arrogantly assume "we don't need the Bitcointalk community. They are all just dumb miners". Bitcointalk and Reddit shape the opinion of many (it is the community), also of those that report to coindesk and mainstream media. 

Also when BTS Music is the future why not get something like Sony Music or a record label two sizes smaller than Sony I googled Eddys Name and found nothing, not a website, nothing. 

When I invest a major indicator for success/failure are the people behind a project . You have to invest in intelligence and character/honesty.

I would also like to remind you that this is a dangerous cocktail in combination with old (pointless; doesn't matter though, a negative opinion is formed fast) scam accusations about Invictus https://bitcointalk.org/index.php?topic=279771.0;all plus aversions from the Ethereum community: Originated here: https://bitcointalk.org/index.php?topic=325425.msg4297669#msg4297669

I am bullish on III but all those social things can be a serious stumbling block for the whole project. I wrote about this with respect to professional business conduct here: https://bitsharestalk.org/index.php?topic=4059.msg50857#msg50857

If Invictus fails then not due to insufficient software engineering but because of no worty connections / questionable reputation.

I can not do more than to urge you to take this serious. The first DACs / 3rd Parties will be crucial and should be text book examples! This will shape the impression of I3 far more than if by accident someone fishy came on board in a few years...

Eddie IS this business.

People talk a lot. What evidence did he give you for that? Due diligence is your responsibility. Better be sceptic and ask a lot of dumb questions! Don't trust people if there is no reason to. For the most part there is great continuance in people's behaviour. Frictionlesscoin hasn't yet produced anything valueable to people but a lot of hot air. My experience tells me that people's future performance for the most part mirrors their past performance. Also with all his past endeavours he convinced people successfully... I AM JUST OBSERVING.   

And there is the incentive issue: 

And what does he bring to the table? In particular what securities? He could just sell 90% of his shares if the shoot up (not expected if people on BTT see Frictionslesscoin is behind it; he really has a horrible standing). If he is brought in to make the deals with musicians the right incentives would be to pay him per deal he makes. This way is a horribly flawed incentive structure!

DON GET ME WRONG: I AM JUST TRYING TO PREVENT SOME UNNECESSARY DAMAGE. And we are sitting in the same boot.

Edit: https://bitcointalk.org/index.php?topic=422309.msg4639088#msg4639088

[voldemort628]

guys guys,

lets all calm down and please refrain yourself from making any comments on the *issue* , just yet.

@Stan: please make a formal detailed announcement of Bitshares Music again in another thread,

so let's all wait for the full picture and complete set of information about this first.
jumping to conclusion too quickly is not a good thing

[Empirical1]

Eddie is not any coin.  He has been a member of the Academy of Music for over a decade.  He has access to all the big record labels.  He can put together deals that compete with iTunes.  He has and can sign artists.  It is he who will supply the stream of new talent for people to trade.

Eddie IS this business.

...and he gave us half.

That part sounds amazing! Looking forward to seeing more of the details and hearing his NYC presentation!

Hopefully he isn't associated with any of the other stuff/people.

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?

That DOES make a difference!

   I have to agree with Delulo though, history/provenance of the ship is pretty important. Also as this is one of the first DAC's, the history of the partner/coins incorporated could also have a big influence on the brand image or public perception of Bitshares as a whole.

The quality of provenance... can make a considerable difference to its selling price in the market; this is affected by the degree of certainty of the provenance, the status of past owners as collectors, and in many cases by the strength of evidence that an object has not been illegally excavated or exported...

http://en.wikipedia.org/wiki/Provenance

[sumantso]

Worry about your investment!

Exactly what I am doing. I invested because I was awestruck by the ideas, mainly Bitshares X. I wouldn't like all of them to suffer from bad reputation due to being associated with some dubious stuff.