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We guarantee that one BTCD will be worth 0.00532 bitcoins in the ICO. Thus swapping BTCD to Komodo is the same as investing BTC in the ICO.
If you don't like to participate in the ICO, then you should not hold any BTCD either.
To all the people who will participate in the ICO, it doesn't matter if they invest with BTCD or BTC.
We recommend everyone to either sell their BTCD or invest them in the upcoming ICO. We cannot guarantee that BTCD will have any value after the Komodo ICO, as the last developer will be focusing on Komodo development and BTCD will thus have no developers left. However, after the ICO every BTCD holder has 1 year to do the swap to Komodo.
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BTCD Valuation for the swap
In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO and detailed information will be posted soon.
This is so wrong and missleading in all aspects. you will recieve 0.00532074 BTC worth of something that has unknown value. making whole conversion rate meaningless Thank you for your input! I included more information regarding the exchange rates. If you are not comfortable participating in Komodo ICO, there are numerous people who do want to participate in the ICO and thus are willing to buy more BTCD. This gives value to the BTCD. |
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So, what's the future of BTCD??
Because jl777 will be focusing on Komodo development, the BTCD will soon have no developers left. jl777 has repeatedly stated, that he has no binding obligation to continue to devote his time (for free) to BTCD development. So we could say BTCD becomes Komodo, but technically the BTCD chain will remain intact (as this is no fork). Thus everyone is encouraged to swap to Komodo. Komodo is the new BTCD! I hope this answers your question! |
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Start this new Komodo coin with snapshots just like NXT did. Everyone will be happy.
If we would have done that, then the BTCD price would have huge price volatility, and at the end of the snapshot the BTCD price would be close to zero. It would give nice profits to the day traders, but the casual BTCD holder would probably not be to happy. Instead - and considering that we are here for the long term - we want to have a stable price and give an equal change for all to participate in the ICO. At the same time we want to reward the old BTCD 1.0 holders, and that is done by 50 % bonus to the average price of Auguist, and the new revenue asset. Some BTCD holders have been very vocal about this, others understand the situation. We considered all the scenarios and we believe this one will give the best outcome for everyone, although there will always be some people who are unhappy.There is no reason to cancel or modify the ICO at this point. jl777 has been the lead developer for BTCD a long time, and there hasn't been any funding for it. jl777 did not abandon BTCD! Instead he came up with a solution that will make sure the BTCD's vision for financial privacy if fulfilled. If a developer joins a project in a midway, he is not bound to the investors in the same manner as if he would have raised a lot of money for the development. Even if that would be the case returns are never guaranteed. An investment in a startup is a high risk investment, and investing in cryptocurrency ICO's is little like investing in startups. For those that do not know, James is an exceptional developer, as he doesn't abandon projects simply because the money ran out or because someone would pay him better in another project. In fact, he has been coding two years for free. Clearly money is not what motivates him, but the end result he strives for. Without jl777 BTCD would probably have been forgotten a long time ago. However, now BTCD is transforming itself to Komodo: a cryptocurrency using all the latest technologies, and which will integrate to all the other projects James is developing. I hope we could soon stop talking about BTCD and start talking about Komodo.  |
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Hello, your ICO has been added on https://www.ico-list.com/ ! Our database is now listing over 40+ ICO & Crowdsales ! - User-friendly & clean interface
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Thanks for contacting me if some details are wrong. Thank you very much! Everything seems to be correct  |
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hmmmm...after read all I come across this!!! Seems dev not so trustworthy. betray previous investor with ever more project  jl777 joined BTCD development in the midway, and it has been a community driven project with no real funding. Now funding is required to fulfill the vision Komodo has. A few posts ago jl777 gave a very detailed explanation regarding the other projects he is involved with. Maybe you missed it! Here it is again: While I have done many projects, I think "dozens" is an exaggeration. Similarily your statement about no projects finished is a bit harsh. jl777hodl is a holding fund for various crypto projects. As such it has been finished for years. It was the first asset that started trading and made history, this was something like 2 years ago. I would consider this finished. MGW is multigateway.com and that also has been finished and in service for over a year. Since it is working and being used for over a year, I would consider that finished. NXTventure is another one that has been finished for over a year. It has paid out in dividends more than I think any other NXT asset by value of dividends at the time it was sent out. Again, the future of NXTventure is hampered by all the changes with NXT that is out of my control, however I would consider NXTventure was completed. SuperNET is a hybrid holding vehicle and technology incubator. At least that is one way to look at it. http://www.supernet.org/nav.php shows its current holdings and despite being hit by a 75% reduction in its NAV the first year (mostly due to NXT price decline and my not actively trading), the NAV has more than doubled to within striking distance of the original. This is achieved while paying for all the costs to run SuperNET out of the investment gains. Now what other project self-funds from investment gains that it makes? I have issued more than a dozen proxy assets, such as mgwBTC and superBTC. These asset's function is to represent 1:1 the BTC to allow using the NXT AE to trade them via blockchain. I did this 2 years ago and I am pretty sure it was the first tokenDEX that allowed trading of crypto against crypto. This is 2 years ago, when just now we finally see other solutions of this kind appearing. I would consider these assets completed. Iguana is a bitcoin daemon and wallet that can sync the entire BTC blockchain from scratch in 2 hours. It also can sync over a dozen other coins, all from a self-contained codebase that I wrote from scratch. Its codesize is about 3MB and it has been ported from unix to osx, win32, win64, android and chrome app. docs.supernet.org documents its API bindings and it is now in the final stages of debug and will be used as a component within komodo. I have seen some GUI that is looking pretty good and for basic wallet function and parallel sync it appears to be working, though I do the core level code and not the GUI so I cant speak for it in detail. Is iguana completed? Not quite, but it is very close and I suggest you take a look at it. The source code has been open and available during the development process at https://github.com/jl777/SuperNET and you can see that I have been quite busy over the years. docs.supernet.org documents the API crypto777: this is an ongoing technology revenue asset and as soon as project start generating revenues, it will too. It basically represents revenues from the technology that I do that doesnt already have an asset to encapsulate its revenues. In some sense it is done, just that the revenue streams are flowing yet. Maybe this is in an in-between state, but there was no ICO per se for this, so not sure if you have an issue with it. Now to the real unfinished projects list, however please note that there was NO ICO for these and it was funded by small number of private investors, so I dont think it is fair for you to criticize them as an incomplete ICO, as they were not even ICO: InstantDEX: easyDEX is in last stages of coding/debugging and is part of the overall solution of loosely coupled blockchains using atomic swaps. The full InstantDEX was mostly working last year(!) however due to disappearance of GUI dev combine with NXT increasing txfees dramatically while reducing the available space to store data, made an InstantDEX built on NXT uneconomic. Should InstantDEX have been finished by now? Yes. I made a mistake of building the InstantDEX on top of NXT, which is a platform that I had no voice in and when everything was changed and made it so a few of my projects became unviable, my protests were met with a "you should have known better". OK, so lesson learned and now I know better, I wrote iguana from scratch so its entirety I am in control. Never again will I be at the mercy of arbitrary changes that break backward compatibility and the fundamental economic model of a service I built on top of it. Pangea: this is a decentralized poker service that is in a holding pattern now due to the retooling required to switch from a NXT based service to iguana based. Tradebots/NXTcoinsco: part of this is in the process of being completed within the easyDEX framework, but again the shift from NXT based to iguana based was a delay factor. NXTprivacy: this is mostly a deprecated asset due to my shift from NXT to iguana, but I do have a plan to infuse some life to it after the dust settles from the other projects. In any case it never did any ICO and didnt even do much of secondary trading on NXT AE, so its priority has been low. Do you want me to list the projects that I didnt even raise funds from private investors and are just various technology projects that I have percolating? Not sure why you would have any complaints if I have a lot of projects in the research phase that I have not raised funds for. I proposed an Asset Passport system, which is a way to protect asset issuer and holders by allowing them to migrate from chain to chain. This was actually the genesis of dPoW which evolved from the need to secure weak PoS chains. I never raised any funds for this. I have proposed Teleport, Telepathy and PAX within the BTCD context, but I did not do any ICO to raise funds to develop this. Teleport at a high level is similar to zcash, in that there is a blackbox of bits representing the transaction, but the math behind the zero knowledge proofs is a step above anything else and I always want to use the best tech solution for my systems, even if it means replacing something I made. Telepathy is a network level privacy "mixer" and this will work on top of the komodo, of course it needs for komodo to be finalized and also its urgency is much less due to the strength of zcash tech. PAX has been coded to alpha level, but as an unfunded project has been back burnered and also waits for the full transition to iguana. Is it is disappointing that these things have not been completed yet? Sure, but I am just one guy coding away most days and many have advised me to get more help at the core level. The issue is I cant find any other C coders at my level who will work for anything less than a lot of money. I am also providing free consulting for many projects, they just have to ask and I try to help as I can, which is usually with some technical ideas. I am not the one actually doing these projects though, so I hope you do not hold me responsible for any delivery status of all the projects I have helped with my advice. I understand if you see all these projects and there isnt the level of success you want to see. After all if it was all finished and a big success I wouldnt have to be working these 14 hour days 28 days a month, continuously. However, the perception that I never finish everything is not correct. The perception that I do dozens of ICOs and just spend all the money and ask for more, is not correct. I have done exactly one ICO outside of the NXT assets, and that is SuperNET. Its charter for use of funds is primarily to make investments and I have been funding operations from the profits, while growing the NAV from a low of .002 to its current .006 level. If you can name any other ICO I conducted where funds were raised and I havent delivered anything, I am curious to know what it is. As you can see I am not limited in the number of ideas, nor do I feel their quality is low. What I need is more resources. I had hoped to get at least half a dozen volunteers to work on the core C projects, but alas, there were none. With komodo there is the possibility of creating not only the first dPoW implementation, but also to fund all of the pending projects that are in slow motion due to my only having 16 hours per day to work and I am slacking off this year by working only 14 hours per day. James I hope this clears everything for you! |
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The empty promise of a conversion from BTCD to KMD somewhere in the distant future does not actually give value to BTCD because anything can happen in 10 weeks.
Why is this an empty promise? People can and will swap! 'Distant Future' means the end of the ICO, when all the ICO investors get their KMD as well. The BTCD does have value, and everyone who don't like to participate in the KMD ICO can sell their BTCD to those who want do want. BTC might go to zero, zcash might not deliver, JL777 might vanish or die or whatever. An average BTCDholder right now has a lot of risk on their shoulders and while having all this risk, to make matters worse, they also will miss out on any new and potentially better investment opportunity.
Hold on! BTCD was developed by the same team as well, so those risks are are there even without KMD ICO. If BTC goes to zero we are all doomed anyway. BTC is the most secure and used coin out there, and it will most likely stay that way. Furthermore, jl777 has recognised the potential risk involved and thus he is also coming up with solutions. Do not sell you BTCD below the promised rate!!!
If you do, you would be handing free money to other people. If you want to exit, you can do it with the real rate, the price will recover as the BTCD holders also get an extra asset. Average price in Aug = 0.00354716 = 0.00532074 btc/btcd with 1.5x multiplier. Oct. 15 - 25% bonus = 0.00425 BTC/BTCD Oct. 16-22 - 20% bonus = 0.00443 BTC/BTCD Oct. 23-29 - 15% bonus = 0.00462 BTC/BTCD Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD Nov 6-12 - 5% bonus = 0.00506 BTC/BTCD Nov 13-20 - 0% bonus = 0.00532 BTC/BTCD |
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Hands up who thinks BTCD price is too big?  Probably Komodo and few his friends who wanted to buy cheaper? PS Believe it to be fair "swap" rate? Ask people, do not have to believe in sth that is easy to check
The whole BTCD community was expecting an announcement, which of course drove the price up.
The actual Komodo team was put in place in the last second, when the price was around where it currently is.
Some of the people are unhappy that the price of BTCD was so low, while some will - I'm sure - say that the price of BTCD is too big. We believe this to be fair swap rate, from the perspective of both parties.
Coming up with an ideal swap rate is really challenging. No matter what is decided someone would be unhappy. There was a lot of discussing regarding this as far as I know. |
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Some people see this necessary change too critical! Change or die, this is the way all crypto evolves. 3rd generation cryptos are coming, bringing nice features to us. And we are IN.
The big step forward was necessary anyway. Would a hardfork in our case have been better? No - rebranding and restart the chain was a good idea and also important to take the newest anonymity tech. Also highly underestimated is the value of a "managed coin"! Quality software development and application maintainance costs money, so what??
No complaints, BTCD-holders, you get your 50% add value! A bit patience and you can go without losses to any other coin or stay. To me, this is a fair way!
Well said sir! If we want to secure a good future for BTCD it must be using the best technology. Long term thinking and long term goals will require a lot of hard work at first, without the immediate reward, but at the end the reward is huge. There is a vision, and sometimes a better route will emerge to get to that vision, and in this case it such a route emerged and it required Komodo. |
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JL777HODL, BTCD, SUPERNET are all his projects to spend on big house, Lambo, diamonds. He lacks of money, now he will plan his ico again. Bagholders, 100% sure.  - The technologies jl777 is building are not totally independent of each other, they need each other, and as such they are all required. Huge progress is being made, but for the visualized results (GUI / videos) you will have to wait little more. - if jl777 has a Lambo it must be sitting in his garage with a thick dust on top of it, because he has been working around 16 hours a day for two years. If you don't believe me join our Slack and witness it yourself |
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Hey. Bounty for the translation topics to other languages?
A lot of people have asked about translation bounties. You all just have to wait patiently until we publish the information regarding them. |
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other proof of stake (PoS) cryptocurrencies [..] can secure their blockchain with Bitcoin’s mining power. The difference is that instead of dealing with Bitcoin directly – like Komodo does – they will instead send their information to the Komodo blockchain. Question: what advantages other PoS coins have to use Komodo as a service rather than making their own dPoS system? If it's more convenient to piggyback on Komodo then it becomes even more interesting but it's not clear why that would be the case Good question! It costs a lot to make the constant transactions to the bitcoin blockchain. It is a lot cheaper to do those transactions to the Komodo blockchain, as Komodo is a PoS coin with a lot lower tx fees. So it makes sense for all the other coins to use Komodo instead of directly using Bitcoin. As Komodo is the first one to implement this it will become the standard gateway for dPoW! Other coins will start using Komodo to secure their own blockchain, then it will create a lot of transactions fees for Komodo. Those transaction fees will be used to pay for the bitcoin transaction fees, and the system becomes self-sustaining. |
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Do not buy into this ICO! jl777 is an evil reptilian. It doesn't take a genius to see this, using names such as Iguana and now Komodo exposes their draconian agenda.
There are even more lizards! Be aware!  https://www.youtube.com/watch?v=h14wr4pXZFk |
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More information regarding all the bounties will be announced later.
We are still working on the details.
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Komodo continues the path BTCD was on: anonymity. The price of BTCD was determinated by the average price in August, so no info were spread. Otherwise the price could have been artificially rised to make them worth more.
 Not too bright, are you? Insider trading at its finest, folks The whole BTCD community was expecting an announcement, which of course drove the price up. The actual Komodo team was put in place in the last second, when the price was around where it currently is. Some of the people are unhappy that the price of BTCD was so low, while some will - I'm sure - say that the price of BTCD is too big. We believe this to be fair swap rate, from the perspective of both parties. |
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Nice idea, it comes at the right time! Believe me or not, I felt something was coming. Yes, these are the features we need and the rebranding is ok, IMO. So will the blockchain have a new start with Komodo? Slim chain? Tensely awaiting more good news. Glad to hear that! We have an article coming that explain little bit more about dPoW! We hope it makes the concept more clear. You don't have to wait long! Interesting insight!
I'm happy not only me understands the situation/logic/numbers.
BTW if this decision was done for good of BTCD holders, why it was not consulted with them?
I'm also hoping ICO will get as little as needed, and all other coins will go to BTCD. But this is somhow contradictionary to what was said about fixed price for KMD...
Indeed ICO investors should be confused seeing the jump and 5x gain lost in BTCD and see sth is not good here (assuming ICO will max 30k BTC)
Komodo continues the path BTCD was on: anonymity. The price of BTCD was determinated by the average price in August, so no info were spread. Otherwise the price could have been artificially rised to make them worth more. The new features of Komodo required capital. There is no way to have these features without having a new ICO. We had to think a way to make the new ICO fair to both new investors as well as the BTCD holders. Of course we cannot please everyone, but we hope that everyone will begin to see what we are trying to achieve. |
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CryptoCard
Teleport
Telepathy
InstantDEX
PAX
Pangea
NeoDice
Jay
Crypto777
Skynet
NXTPrivacy
SuperNET
All projects which jl777 has either developed or had a share in issuing the asset for, which have to date produced NOTHING of value. They raised thousands of btc 2 years ago, and now want more after releasing 0 working product? You can't just tell people to 'git clone and run' your project, you have to make it presentable and useable in some form. Nobody is gonna download and run 'iguana' unless you make a damn release. Isn't gonna happen.
Now they want another 30k btc? For what? Where are the exact funds accounting from supernet ico?
keep moving folks
James gave a perfect answer to this earlier. While I have done many projects, I think "dozens" is an exaggeration. Similarily your statement about no projects finished is a bit harsh. jl777hodl is a holding fund for various crypto projects. As such it has been finished for years. It was the first asset that started trading and made history, this was something like 2 years ago. I would consider this finished. MGW is multigateway.com and that also has been finished and in service for over a year. Since it is working and being used for over a year, I would consider that finished. NXTventure is another one that has been finished for over a year. It has paid out in dividends more than I think any other NXT asset by value of dividends at the time it was sent out. Again, the future of NXTventure is hampered by all the changes with NXT that is out of my control, however I would consider NXTventure was completed. SuperNET is a hybrid holding vehicle and technology incubator. At least that is one way to look at it. http://www.supernet.org/nav.php shows its current holdings and despite being hit by a 75% reduction in its NAV the first year (mostly due to NXT price decline and my not actively trading), the NAV has more than doubled to within striking distance of the original. This is achieved while paying for all the costs to run SuperNET out of the investment gains. Now what other project self-funds from investment gains that it makes? I have issued more than a dozen proxy assets, such as mgwBTC and superBTC. These asset's function is to represent 1:1 the BTC to allow using the NXT AE to trade them via blockchain. I did this 2 years ago and I am pretty sure it was the first tokenDEX that allowed trading of crypto against crypto. This is 2 years ago, when just now we finally see other solutions of this kind appearing. I would consider these assets completed. Iguana is a bitcoin daemon and wallet that can sync the entire BTC blockchain from scratch in 2 hours. It also can sync over a dozen other coins, all from a self-contained codebase that I wrote from scratch. Its codesize is about 3MB and it has been ported from unix to osx, win32, win64, android and chrome app. docs.supernet.org documents its API bindings and it is now in the final stages of debug and will be used as a component within komodo. I have seen some GUI that is looking pretty good and for basic wallet function and parallel sync it appears to be working, though I do the core level code and not the GUI so I cant speak for it in detail. Is iguana completed? Not quite, but it is very close and I suggest you take a look at it. The source code has been open and available during the development process at https://github.com/jl777/SuperNET and you can see that I have been quite busy over the years. docs.supernet.org documents the API crypto777: this is an ongoing technology revenue asset and as soon as project start generating revenues, it will too. It basically represents revenues from the technology that I do that doesnt already have an asset to encapsulate its revenues. In some sense it is done, just that the revenue streams are flowing yet. Maybe this is in an in-between state, but there was no ICO per se for this, so not sure if you have an issue with it. Now to the real unfinished projects list, however please note that there was NO ICO for these and it was funded by small number of private investors, so I dont think it is fair for you to criticize them as an incomplete ICO, as they were not even ICO: InstantDEX: easyDEX is in last stages of coding/debugging and is part of the overall solution of loosely coupled blockchains using atomic swaps. The full InstantDEX was mostly working last year(!) however due to disappearance of GUI dev combine with NXT increasing txfees dramatically while reducing the available space to store data, made an InstantDEX built on NXT uneconomic. Should InstantDEX have been finished by now? Yes. I made a mistake of building the InstantDEX on top of NXT, which is a platform that I had no voice in and when everything was changed and made it so a few of my projects became unviable, my protests were met with a "you should have known better". OK, so lesson learned and now I know better, I wrote iguana from scratch so its entirety I am in control. Never again will I be at the mercy of arbitrary changes that break backward compatibility and the fundamental economic model of a service I built on top of it. Pangea: this is a decentralized poker service that is in a holding pattern now due to the retooling required to switch from a NXT based service to iguana based. Tradebots/NXTcoinsco: part of this is in the process of being completed within the easyDEX framework, but again the shift from NXT based to iguana based was a delay factor. NXTprivacy: this is mostly a deprecated asset due to my shift from NXT to iguana, but I do have a plan to infuse some life to it after the dust settles from the other projects. In any case it never did any ICO and didnt even do much of secondary trading on NXT AE, so its priority has been low. Do you want me to list the projects that I didnt even raise funds from private investors and are just various technology projects that I have percolating? Not sure why you would have any complaints if I have a lot of projects in the research phase that I have not raised funds for. I proposed an Asset Passport system, which is a way to protect asset issuer and holders by allowing them to migrate from chain to chain. This was actually the genesis of dPoW which evolved from the need to secure weak PoS chains. I never raised any funds for this. I have proposed Teleport, Telepathy and PAX within the BTCD context, but I did not do any ICO to raise funds to develop this. Teleport at a high level is similar to zcash, in that there is a blackbox of bits representing the transaction, but the math behind the zero knowledge proofs is a step above anything else and I always want to use the best tech solution for my systems, even if it means replacing something I made. Telepathy is a network level privacy "mixer" and this will work on top of the komodo, of course it needs for komodo to be finalized and also its urgency is much less due to the strength of zcash tech. PAX has been coded to alpha level, but as an unfunded project has been back burnered and also waits for the full transition to iguana. Is it is disappointing that these things have not been completed yet? Sure, but I am just one guy coding away most days and many have advised me to get more help at the core level. The issue is I cant find any other C coders at my level who will work for anything less than a lot of money. I am also providing free consulting for many projects, they just have to ask and I try to help as I can, which is usually with some technical ideas. I am not the one actually doing these projects though, so I hope you do not hold me responsible for any delivery status of all the projects I have helped with my advice. I understand if you see all these projects and there isnt the level of success you want to see. After all if it was all finished and a big success I wouldnt have to be working these 14 hour days 28 days a month, continuously. However, the perception that I never finish everything is not correct. The perception that I do dozens of ICOs and just spend all the money and ask for more, is not correct. I have done exactly one ICO outside of the NXT assets, and that is SuperNET. Its charter for use of funds is primarily to make investments and I have been funding operations from the profits, while growing the NAV from a low of .002 to its current .006 level. If you can name any other ICO I conducted where funds were raised and I havent delivered anything, I am curious to know what it is. As you can see I am not limited in the number of ideas, nor do I feel their quality is low. What I need is more resources. I had hoped to get at least half a dozen volunteers to work on the core C projects, but alas, there were none. With komodo there is the possibility of creating not only the first dPoW implementation, but also to fund all of the pending projects that are in slow motion due to my only having 16 hours per day to work and I am slacking off this year by working only 14 hours per day. James |
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Nice project, I like it!
However, you'll compete with Z.CASH, what do you think about them?
jl777 has been very active on the Zcash slack during the alpha stages, and tried to help in all possible ways. The vision James has about making crypto go mainstream includes anonymity, so the overall project needs this kind of anonymous technology. Before BitcoinDark was going to fill this role with teleport and telepathy technology, but Zcash is superior to that technology, and we want to use the best technology. Thus Komodo. jl777 has great respect for the Zcash team and is impressed by their technology! I don't think they will be directly competing. All the cryptocurrencies are competing against fiat! It's like a new industry that is gaining attraction. Every project will help each other, and as a whole all projects will benefit. The thing is this also not build much trust... Year later you can do another "ico/cwap" as you need more money.... Is there any proof that after ICO price will go up? No. So BTCD holder may be screwed... Also think about those who bought and kept BTCD for 1-2 year when price was higher... Or maybe there is not any like that? Also I see market CAP is prices closed to WAVES. WAVES also collected big amounts, and after 3 months they reach the lowet price. No reason thinking BTCD holder will gain from that? Thay just "loose" the long waited 5x-6x gains. 50% bonus does not replace that. Yeah James I fully understand you. You're doing the correct thing. It's just that we all were waiting for 1000%-2000% profits with BTCD and iguana and now we'll have to go for a 100-200% profits, sharing with new investors who didn't even know you. Nevertheless, I insist, you're doing the best for the project, and that gives me even more confidence with you. I'll invest hard in your ICO, even if I have to go for a simple 100% profit. With Komodo we are thinking long term. Of course no one can guarantee a profit from any ICO. The vision of BTCD was never to make a quick buck with a bump, and neither it is for Komodo. In other words, we want to solve the major problems crypto has and help it go mainstream. Does it mean UNITY is now kind of abandoned - second grade project?
And you focus solely on ICO as you smell money?
Absolutely not! All the technology james is building will tie together, as some parts are required for the other parts to work. I'm so over ICO's .............If this is BTCD2 why not just hard fork to new code........or is this just about getting more BTC to add to the already collected BTC and add to the list of promised projects Jon - Swaping BTCD's to Komodo is a lot simpler than doing a hard fork. We also wanted to be able to create the new revenue asset for the BTCD holders. - Komodo needs funding to get the dPoW running, and eventually self-sustaining itself. I can assure you that James is working hard every day, and many of the projects get a lot closer to the finish line every day. Please join our slack to see what we are up to |
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Just one sincere thing James:
I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.
I'm not telling to value BTCD at X10, but the current valuation is too low.
Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...
but why would anyone invest in btc than? If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now. Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything... Don't know what to say man... broken plans...  That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that, ..... The vision Komodo has could not be achieved without new funding. There is no way to have dPoW without this Komodo ICO. Money is required to get this off the ground, i.e. pay bitcoin tx fees. I encourage you all to see the long term goal. There isn't going to be a big pumb and quick profit. James has always been developing the long term solutions for crypto, and dPoW is one of them. Soon other cryptocurrencies can use Komodo to secure their blockchain with bitcoin's hashrate. The new anonymity features are better than they were in BTCD. The BTCD just got a major upgrade, with the cost of having to rise more money. All long term BTCD investors got in with a great price. Best regards. |
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