well bitcoin is decentralized and has clear rules about which transactions are valid and these rules are being abused. you can call it Delayed Proof-of-Work or Stress test or Political crap about block size or even it is the protocol and I like sending those transactions and in all cases the transactions are clogging the network causing a huge memory pool which the current block size without activation of any of the proposals can not handle.
and then it causes the fee war and users having to wait hours for their transactions to be confirmed.
you can right now make a small program and make 100,000 requests per second to bitcointalk.org and you aren't doing anything wrong TCP protocol allows you to make these requests but you are just DDoS attacking bitcointalk.org and making it inaccessible to other users.
By what definition are we abusing the protocol? We have been doing this since Oct. I dont hear anyone complaining about it when there was no issues with the blocks being full? That analogy does not fit either as you dont pay a fee to make a request do you? |
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someone please tell me what it is? I found these very small transactions here, what is it? why is there such transactions? and why do you call it spam? this means that the transaction is not due to you, silly. I think that is the cost for any transaction of you. I've never used blockchain, so I do not understand much about it Those are the addresses being used to hide a spam attack on the Blockchain. These guys know that we are operating on a network, where most blocks are about 80% full, so they just spam the network with useless transactions to fill up these blocks to cause backlogs and severe congestion. The motives is unclear, but people seem to think that it has something to do with SegWit or BU where a "fake" congestion is being forced onto people to get them to make a decision and to break the gridlock. Others seem to think, miners are behind this. They create a backlog and then people will pay higher miners fees to get their transactions confirmed. This leads to more profits for them. What a sad situation for everyone else to see this technology being manipulated by greed. wow very interesting and didnt realise this is going on..unbelievable I would at least people look through this thread to see these miners fees being paid by Komodo notary nodes to recycle the hash rate of the bitcoin network to protect the Komodo chain. Www.komodoplatform.com and checkout the white paper. We have been doing this since Oct last year consistently. We use the Bitcoin network like any other user. The short sighted view that we are spamming the bitcoin network is crazy, we are paying fees for txs. If it can't handle the amount of txs it is a problem for the network, not of its users. |
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Could we have a indication of when forging will be back?
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Correct. We are accounting for about 0.2% of the tx's maybe so not really a huge deal. |
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When a company's website has lots of traffic, you don't tell the user's to stop using it, you upgrade the server right? This is the major difference between centralized and decentralized technologies. Your advice is for centralized buiseness. There is no difference. In a centralized environment you increase the resources, in this case BTC increases the block size. Everything is a choice. |
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Komodo is using the bitcoin blockchain to notarize KMD transactions (dPoW)
not spamming to try to chrash the BTC price or promote segwit or who knows what. The email spamers are using Internet infrastructure for advertizing buisnesses. Nobody says that they want to break Internet down  and force users to use another ways to communicate. But email letters are spam for receptients. And komodo transactions are spam from bitcoin user point of view. Ok I got your point To explain it, i saw a mention of this thread initially on https://bitcointalk.org/index.php?topic=1776143 so my intervention was mostly to tell people that are searching for spam attacks to ignore the addresses mentioned above. By attacks i mean actions to affect BTC network on purpose. Now, even if i like your analogy, considering that komodo transactions are spamming the BTC blockchain is indeed a question of point of view... Hopefully there won't be other coins that decide to do things like this in the future; blocks are already full enough as it is and we don't need more txs on the chain. Komodo had a great initiative but it's just bogging down the bitcoin blockchain with its method of tx verification. When a company's website has lots of traffic, you don't tell the user's to stop using it, you upgrade the server right? Utility gives value, otherwise bitcoin would be at 0 still. |
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I'm having issues with the iguana desktop app for komodo. I'm getting iguana not able to connect on 127.0.0.1:7778. system loop back works fine. I have coins trapped there until this is fixed.  Same here. You can use Basilisk mode, or you can use DLL Fix (run as administrator) and Full mode should work Basilisk mode loads fine but has not data to display. What's the DLL Fix? Just running it as administrator? That didnt work either. Cannot move funds in Easy Dex wallet either in Basilisk or Full mode. Balance does not appear in basilisk mode. In full mode, everything syncs to 100% and then does not complete and am unable to move funds. Any advice from anyone here? There is a windows QT wallet GUI that could be used but there is a bug that is getting fixed. The Easydex gui has a planned released that should fix the majority of the bugs is delayed due to 1 of the fixes, so will need to wait for a little while longer. |
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Oh, I know about those. They are all 4+ months old. I was talking about something more recent. I am sure the marketing people have plans. We don't need to be paying google ads / promoted news articles as they do very little. The best way to get KMD out there is if everyone lets everyone they know about it. Send some coins to some people and get them to test it out. Best thing the dev team can do is make it more stable/better UX experience for its users. I see also a alpha/beta windows build. Once that is stable we would have all 3 OS native builds and can do Z sends/receives on all operating systems. Just remember this is 2+ years in the making. Some more time is needed to perfect the product, then promotion can be done. |
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Where can i get some of them drugs you are smoking? |
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I think we are going to be stuck in holding patten for a while. There are some large holders of this coin. Is there a way to look at the rich list?
That's the thing, most of the KMDs are in the wallet earning interest. There is maybe about 1% of KMD out there being traded in exchanges. We have to think of a better way to gain wider acceptance and popularity , maybe get Andreas Antonopoulos to write a book about KMD. OR if anybody can write a book about KMD (mastering KMD) and publish it on Amazon . So far there are books about bitcoin , and ethereum. Just an Idea. What would publishing a book on KMD achieve? |
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Great news David and team!
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What is total supply of kmd
and available supply?
Currently about 100.5M, total after about 14 years 200M. |
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Zcoin is a 3 year old obsoleted tech that was deemed not good enough and abandoned.....is anyone surprised at bugs being found and exploited? |
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I think the main problem for the price is the BTCD swapping, The structure of the ICO is unfair to ICO investors and the 1BTCD=50BTC is a free money for those people holding BTCD. This is a coin the price was no where this time last year until the price was pumped up prior to the KMD ICO just to increase it value, this is thesame tactics used by Synereo team,pumped the price to above 40ksat and sell the tokens to ICO investors at 33ksat. Now the current price is 4500sat
Please refrain from using terms like "unfair". I was a an ICO investor and I knew how it would go as many of us did. I would not characterize it as "unfair". Those who already had BTCD were presented with an incentive to trade them up and new people were given the chance to buy in at a somewhat higher price. That's life. Nothing unfair about it... In the long run, all will profit. The price was taken from 1 month of trading to get the average price for that month. This information was not revealed until the month had passed as to not allow people to manipulate the price. |
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REV
I was hoping bittrex would add REV along with KMD. If you want get REV listed on bittrex asap then retweet this and comment to let bittrex know about REV being sent with KMD. It's possible they could also list REV and fund peoples accounts with it soon if there is enough attention on this issue. https://twitter.com/jessecouch/status/831254990958112768 To what end would they list it.......I have Rev shares but there has been no dividends in over 2 years....so 5% of nothing isn't worth much Cheers Jon  All the btc notaries are paying minus fees are adding up. Currently at 4btc that should be some dust to send out when James has time  . But in saying that everything is coming together so when dex does its thing, pot for divs should grow. |
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Thanks! One more question. I am little overcautious on withdrawal requests at all.
Will the payout be sent to the address indicated in the ICO page in section with subtitle "Your KMD Address", won't it? So I need to save the seed on the expaned space when clicking "Reset Seed", right? Or is it even possible to provide an address I generated with my Iguana wallet to request payout?
I do not know what happens when I click the payout button because I want to prevent that payout happens before I cleared everything up.
Yes, payout will happen to the address at "Your KMD Address", no matter if you use the current one (you need the seed to access it), generate a new one with "Reset Seed" (in case you lost the seed for your current address) or enter an existing address (you again need the seed for the existing address to access it) with "Use existing KMD address". Ok now payout has been sent to this address... how to access the coins to transfer to exchange? Now you can download the Iguana Desktop App and login with your seed. There are links to detailed instructions on the webpage. https://supernet.org/en/products/iguanaguys what is the meaning of the term "notarization" in blockchain technology?
ty
Notarization, like recording Notary Nodes notarize (record) komodo hashes into bitcoin blockchain via group signed bitcoin transactions. Why is notarize komodo hashes into bitcoin blockchain, not the vice versa? I remember in the first and foremost OP said that komodo is utilizing bitcoin's hash power. So shouldn't be bitcoin hashes notarized into komodo blockchain? I am confused. Bitcoin has the greater hashing power so KMD hash back to BTC so it cant be altered. |
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Hi, I have some ICO KOMODO'S, Can I just send them from ICO site to bittrex?
Answer was given, but remember: If you have REVS in your account too (from BTCD swap), they'll most likely be lost forever. What do you do with the REVS then? just hold them and collect the dividends. when are dividends paid? REVS can be moved/traded as your like in hopefully the next GUI release. Otherwise hold them and you will get some payments in the future, when there is funds being generated by Supernet tech. |
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When we can expect PAX? Also, I'd like to know can it be used as payment gateway for billing in fiat currencies? Would there be some kind of API for managing such transactions directly from centralized website? It would be awesome to have woocommerce plugin for such functionalities... I'm really excited about this... thanks
Pax is actually working. We have 32 fiat chains that are pegged to their respective fiat counterparts. You would need to use komodod for now to access this functionality though. In regards to API, im sure there would be but one of the devs may want to talk about that. |
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Generally when you have issues you ask for help. There are many people that have withdrawn KMD from the ICO site and many have the wallet working with windows. So which is it?
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