Why haitch verified Kids for issuing assets? or its any misunderstanding going on!!

  • @Lexicon you are the second or third post on this thread.. before you there is nothing that says "go away" am i wrong? was it deleted? that is why i think we are reading two different things.. also you know this person isnt an admin or has any controlling permissions so yes i will stick to my word that it sounds condescending or that you have a bone to pick...
    you are smart enough to know that this person isnt to be generalized as " HERE" which you offered as a response earlier.

    I took offense to that and i am only a member as well.

    also.. thank you for the definition of condescending but that is not what i needed explained.

    If you are referring to me roasting you repeatedly or pulling your statements apart.. that is not my intention. i have stated how important i think you are and how much i respect you. I own your assets and I was extremely interested as to why you said that..

    if you cannot handle this i will refrain from asking you questions again but i do beg you to have thicker skin in the future.

    please do not hate me for questioning your words you can question mine all you want, in fact i welcome it.

  • This post is deleted!

  • @darindarin

    i wasn't generalizing any person by saying the word "here" i was saying that this forum is usually open for discussing any topic without censorship which someone else mentioned a few days back on this forum in regards to burst-nation heavily censoring its content. and i believe this forums should stay uncensored. the sentence is being looked into to deeply when it shouldn't

    with how many times ive said this and the amount of times ive had to make a post saying it was taken the wrong way. it feels like im being trolled so you could understand why im being defensive. generally my skin is quite thick. but when it comes to having to explain every word in a post ive put several times. it becomes hard to ignore that

  • @Lexicon after re-reading several times i found your reference post.. i apologize i didnt mean to give you a hard time.

    i have had simple posts deleted on BN to the point where i do not enjoy even reading.. oh well.

    hope your night gets better

  • I'm in no way belittling anyone but,

    alt text

    It may not have been a good idea but I think that is as far as it goes. I think @haitch should make it a requirement and be done with it. Also, don't be a lemming with your investments. Research and research some more. If you made a risky move, take it as a learning opportunity and move on. If you are uncomfortable with investing into shares/assets/tokens/pixels, then you shouldn't be buying them. I've lost a bit of coin in the past and you don't see me complaining about it. ;)

    I also don't think we want big government to come in and start regulating if we officially label these as investment shares. Which may happen soon as the US IRS is seriously looking at crypto. Which is scary because if they do, they most likely will not just look at the current year for info. They'll look back into previous years as far as they want. And if the US moves on it, I'm confident other countries will too. Gotta get that money!

    Also, the US sees minors in a different way. They can be tried as an adult. Especially, if it can be proven they committed a crime with intent to harm.

    Anyways, that's my opinion.

  • i think @haitch as the forum owner should varify people to allow them to advertise hear and if a minor wants to then they should have a parent or guardian concent with varified info as well to ensure they are fully aware of what the minor is involved with, as long as that is done i dont even see a reason why @haitch should have to label them as a minor in his process. shure it's tec more risky to invest in a company opperated by a child. but in the end everything is a risk. i personaly have lost 5x more $$ playing at burst casino that all of the scams i got taken by combined as far as the minors i have Made $$ investing with the two assets i hold by them. what it boils down to in the long is a legal issue and @haitch needs to insure that he protects himself and this forum from legal blowback, by covering the parent/legal guardian concent correctly and informing them of what the minor is asking permission for. as for the community sure it may be nice to know who is or is not a minor but as long as they covered any legal issues with @haitch i dont see why it should be manditory to label them as such. and leave it as volintary info

  • admin

    Luke and cjellis are New Zealand citizens, and as such can setup businesses as individuals known as sole traders at any age.

    "How does being a sole trader work?

    A sole trader usually has no formal or legal processes to set up the business. The owner/manager is personally entitled to all profits, but is also personally liable for all business taxes and debts."

    This statement is from the New Zealand Tax Department. NZ IRD Dept

    Although having 16 year olds running an asset is questionable, it's perfectly legal under NZ law.

  • Sir 90% of countries have a legal age that vary from 18 to 25 if someone see no objection in minor running assets they can invest their,crypto is a global network so we should go with majority hopefully like we believe you take best decision in favour of community!! voting is going on and we can see majority of voting else depend on your decision...

  • @dvndr007 Seriously, he just said its completely legal. Personally im all for it and just picked up a bunch of cheap energizer assets. These kids deserve a chance to set up their future as much as anyone else.

  • admin

    @Roses Well age is a factor ... but i know some 30+ who still behave like kids ... so i guess there are also professional 16 year olds :-)

    If asset investors are skeptic, they should just ask the issuer ... every asset can turn out as scam, only protection is the reputation of a user. Verification is no guarantee, just a additional trust factor.

  • My opinion is this, can/should we stop kids from creating assets? No. But I do believe that to be Verified you must be at least 18 years of age. This still allows "kids" to take part in Burst and do their own projects while protecting investors by not allowing the "big money assets" to be run by children.

    And by "Big Money Asset" I mean any Verified Asset because let's face it most of the Verified Assets get large investments

  • In fact IF we place an age limit on Verification I'd be tempted to create a "Junior Incubator Asset" that would invest in minor run assets and act as a kind of Index for philanthropists/VCs that want to support young asset owners without the hassle of weeding out which assets are run by who.

    Just brainstorming here, that could be a totally horrible idea lol

  • @socal It should be simpler than that .. I don't care who issues the asset as much as I care how my money will come back ..
    So just get verified to show trust and pay the Escrow to guarantee payback and provide information on how you will generate money .. Might tell everyone whom you are and how old is not related but might be vital as well .. at the end of day its investor's decision to take the risk.

  • @socal That's actually a really good idea either way, it would give the community a way to support the younger members, while still knowing what theyre getting into.

  • I wouldn't point the finger at Haitch either, crypto is supposed to be the wild west where everything goes..BUT because the kids are say under 17 or 18, maybe in future we should just now that asset is provided by a minor, not yet of legal age and let the investor do his/her due diligence. I have seen many budding entrepreneurs starting very young BUT handing over money to a younger person MIGHT seem a tad bit more risky, but on the other hand I got ripped off by OLDER DEVS lol hard and fast so even age I think doesn't come into it as much as human decency and integrity..I know kids who are 16 and 17 and have a better brain hinged on them than 50 year olds.. Just yeah maybe if they arr minors in age, we should just know about it in advance..that's my 2 bursts on that..

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