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BUSINESS ADVISORY http://www.chips-corner.com/BUSINESS%20ADVISORY.pdf
JULY 4, 2014
ZCASH was "born" in
CHIPS were first used in
In 2006 the US SEC began an investigation that
led to a lawsuit in US FEDERAL COURT in Houston, Texas, that included in its ramifications an attempt to have
ZCASH and CHIPS declared to be securities.
That lawsuit provided a forum whereby ZCASH and
CHIPS were presented without dissent to have USD value of $2 USD per each ZCASH and CHIPS to be valued at $1 USD
Proof was provided through declaration of
associated funding as presented by the US SEC to the Court.
That lawsuit ended with a mutually accepted
consent decree so that no judgment regarding ZCASH and CHIPS being securities was rendered by the Federal Court
and, thus, no precedent was set by that litigation.
However, after the case was closed, in a ruling
associated with a tax audit, the IRS declared that income obtained through payment in USD bank deposit funds for
the transfer of CHIPS, in accordance with THE INTERNET CATALOGUE CLUB protocols, was to be declared as ordinary
income and not as capital gains.
Digital currency came under scrutiny again in US
FEDERAL COURT in Houston, Texas, in a government lawsuit related to BITCOIN.
That lawsuit resulted in the Court ruling that
BITCOIN is lawful USA currency.
That ruling did establish legal
In consonance with that legal precedent, this
week two States, California and Massachusetts, have
passed legislation making Digital Currencies
That new legislation opens doors wide for
business as initially conceived and embodied in the INTERNET CATALOGUE CLUB in 1996.
To more firmly comply with these new laws,
BITCOIN is now acceptable, as are other listed currencies, to acquire TICKETS through the INTERNET CATALOGUE
CLUB PRODUCTS section of THE TREASURE CHEST Portal of www.chips-corner.com; which TICKETS may be exchanged for
the same number of ZCASH, regardless of the currency used to acquire the TICKETS.
Thus, as of this publication, ZCASH has
re-emerged as the cornerstone of CLUB business; and, BITCOIN value has firmly been established as equivalent on
a unit basis to USD, EURO, and other listed currencies.
Through TICKETS, listed currencies may be
converted to ZCASH with the same unit exchange rate-making all exchangeable currencies have the same value;
CHIPS registered in effect double that value.
UAPN and IBOE may be exchanged for ZCASH,
tripling the value for the Acceptor/Beneficiary; CHIPS registered in effect provide a total of six times the
value. Subsequent use of ZCASH provides an additional equal value of CHIPS.
Thus, using ZCASH for clearing of UAPN/IBOE, the value of these DOCUMENTARY FUNDS can be
multiplied by a factor of nine. "Clearing" for ZCASH and CHIPS, with additional leveraged value has been
available as per ICC RULES found in the LIBRARY in www.incredible-concepts.comsince
"Clearing" for ZCASH and CHIPS through the
COMMERCIAL EXCHANGE KIOSK has also been available for many years.
"Clearing" as per ICC RULES remains unchanged.
However, as of this publication, "Clearing" through the COMMERCIAL EXCHANGE KIOSK has been
"Clearing" is a commercial process and arrangements have been made for the COMMERCIAL EXCHANGE
KIOSK to now use business executed through THE ENERGY STORE found in www.chips-corner.comas its commercial
"Clearing" as per ICC rules involves the
transformation of ZCASH and CHIPS into BRICKS, BLOCKS, and FAT CATS; with subsequent engaging in factoring of
"Clearing" through THE ENERGY STORE involves
promoting use of that facility by parties that include components of ENERGY SOLUTION in purchases or projects
they undertake. Thus, to take advantage of either "Clearing" method a Member must be proactive in promoting
In short, each Member is empowered to promote
business and have profits used to provide "Clearing" and without this active participation in business by a
Member there will be no "Clearing" for ZCASH or CHIPS to benefit that Member!
This is not a matter of policy; it is a
requirement of law.
Because of the leveraging of value provided
through ZCASH and CHIPS, a passive stance by a benefitting Member could cause "Clearing" to possibly be
considered as an action regulated by securities laws.
Thus, to underscore, all "Clearing" of ZCASH and
CHIPS to benefit a Member requires active promotion of commercial business by the benefitting
As an example of use of ZCASH and CHIPS to
increase value, taking advantage of the now explicit status of "legal tender" that California and Massachusetts
have provided to Digital Currency, as well as USA FEDERAL COURT proceedings and rulings, plus USA IRS ruling, at
the request of a Member or as may be instructed by its Board, INTERNATIONAL ENERGY CORPORATION could satisfy its
contracts to discount UAPN and IBOE by exchanging these for ZCASH and CHIPS.
To facilitate this, the COMMERCIAL EXCHANGE
KIOSK would accept ZCASH and CHIPS thus obtained and submitted by IEC the same as submittals from any
That would multiply by three the value that a
party contracting to have UAPN and IBOE discounted could receive.
A Member receiving ZCASH and CHIPS through this
process may legally use these to directly engage in business or may choose to exchange these for USD bank
deposits through ICC RULES or through the COMMERCIAL EXCHANGE KIOSK. To further enhance business use of ZCASH
and CHIPS for Members that already have ZCASH and/ or CHIPS or that may obtain these through discounting, until
further notice no new issues of ZCASH will be undertaken through INTERNET CATALOGUE CLUB PRODUCTS without prior
approval by CLUB ADMIN. Only requests through CENTERS will be considered. Thus, access by others to ZCASH and
CHIPS and the leveraging these can provide is mostly restricted to negotiations with Members that already have
The practical result of the measures discussed herein is that Members are expected to promote
clean energy in any of the forms suggested in ENERGY SOLUTION in www.chips-corner.comin order to receive full
benefits related to CLUB business.
As a footnote, the acceptance of BITCOIN as
currency by THE INTERNET CATALOGUE CLUB, with exchange of BITCOIN for ZCASH and CHIPS as per protocols, which
value thereof, and allows for “Clearing” through commercial processes as indicated herein can
protect BITCOIN users from doomsday scenarios recently discussed and published by a BITCOIN