One can view BTCD and XRP as "liquidity" currencies... though BTCD also holds all the anon tech.
If BTCD "holds all the anon tech" what is the point of including Boolberry? to anonymize the entry/exit into the Teleport system the MGW will be creating telepods for users, so all telepods would just link back to the MGW acct. However, there is still a vulnerability in getting the funds to the MGW. The sending out of the telepods is protected, but if the attacker can see that you paid X amount to MGW, well this is probably not good. By using cryptonote to fund the MGW to send the telepods, I think this is a stronger anon setup. James |
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Ummm that's pretty damn exciting if I understood it correctly. actually you probably only are understanding the tip of the iceberg, if you know what I mean  Is there a way to get a summary of what all of that means? transformation not mgwBTCD?  I am working on release now, of the first part of the transformation. it is not what anybody expects. MGW is part of the puzzle, so is InstantDEX, Teleport, Telepathy and more. James |
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Ummm that's pretty damn exciting if I understood it correctly. actually you probably only are understanding the tip of the iceberg, if you know what I mean Is there a way to get a summary of what all of that means? transformation |
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Ummm that's pretty damn exciting if I understood it correctly. actually you probably only are understanding the tip of the iceberg, if you know what I mean |
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I'm using the MacClient of BTCD. Where can I find the bitcoindark.conf file in order to add the nodes? Hello everyone! I took a nice vacation and am back now well rested. As far as the Windows build is going, you may remember that I was able to compile SuperNET.exe. It was having problems though. I have been able to build it where it runs fairly stable, just still having some bugs to work out before it is ready for open testing. Also, I ran the current BitcoinDark on a new computer, and it had trouble syncing. I know that many of you have also experienced difficulties. I added the following to BitcoinDark.conf and it started syncing very quickly. addnode=107.170.59.196
addnode=146.185.188.6
addnode=74.91.20.250:39997
addnode=54.85.50.15:50288
addnode=107.170.148.50:14631
addnode=65.129.66.246:57762
addnode=31.220.4.41
addnode=107.170.44.31
addnode=101.103.54.206:51222
addnode=120.148.149.13:54338
addnode=184.100.114.11:63310
Happy New Year! Matthew Is there any difference between adding additional nodes and not adding them when it comes to staking? Thanks No, adding them just made my client sync quickly. If you aren't having trouble syncing, don't worry about it. "/Users/username/Library/Application Support/BitcoinDark/BitcoinDark.conf" |
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If you do work for supernet, can you apply for some funding or is it pre-determined who get's paid?
There will be a weekly budget of x2 allocated to slackers that are getting the most tips inside the slack. Maybe this will spur someone to get some sort of tipping mechanism implemented. additionally, there will be a centralized place to get decisions made about things like servers, etc. No fair to get paid twice for the same thing, but if new services are being provided, then it can be budgeted for. The one downside of a decentralized organization is that sometimes necessary things dont get done, so this initiative is meant to provide a way to make sure the must-haves are achieved. It will also become a way for more traditional organizations to get in contact with SuperNET James |
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But should we invest in supernet or supernetx2 now
How much are double dividends worth to you? There will be very limited availability of x2 The only way it will enter the secondary market via NXT AE is if the people who earn it, sell it. with a total of ~40,000 this is a collectors item. It will take at least a year or longer for the 40,000 to be earned. Now financially it has a hard floor of 1x due to its redeemability and a ceiling of 2x as it gets double the revshare. However, it will not receive double the asset dividends. only the same amount of asset dividends as it is holding 1x SuperNET, so it only gets 1x the divdends. 2x would only be when the revenues from SuperNET are 90%+ of the valuation of SuperNET, eg it is trading at more than 10x book value I do not expect this to be a very actively traded asset, and please never pay more than 2x for it as it can never be worth more than 2x. This is an advanced asset, so please just stick to the normal SuperNET, unless you are able to properly estimate the relative contribution of the various valuation factors as it acts against the lack of liquidity and high cost basis of all the x2 assets earned. To properly arbitrage this against the normal SuperNET asset would require quite a sophisticated dynamic modeling of many factors. James |
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I submitted a funding request for SuperNETx2, which will be backed 1:1 with the 5% bonus that was not achieved and further receive 5% revshare from previously unallocated SuperNET revenues. It will be redeemable for normal SuperNET at anytime, so it is worth between 1x and 2x SuperNET depending on market sentiment as to the proportion of dividend based valuations. https://nxtforum.org/index.php?topic=5407.msg144936#msg144936This asset will only be able to be earned for doing production work. James |
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thanks for your support. been working more like 18 hrs/day 28 days a month, but I have been doing this for 7 yrs now, the prior 6 was pre-crypto but I seem to have gained some skills from all that coding. I will probably become one of the few coders who writes over a million lines of code.
I decided to put a cool new module into BTCD, it will then become a valuable service provider for the rest of the SuperNET. This is a brand new tech that I have been working on the last two days and it enables the proper solving of many currently unsolved problems and could allow for a much wider appeal.
So, if you have faith in me HODL. If not, please sell.
James
Alright, I'll take the bait. What is this cool new tech of which you speak? I posted in slack the details |
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Could anyone explain why bitcoindark exist ? There is already boolberry in the supernet. Cryptonote is the best technology right now. What is bitcoindark ? A coin ? A protocol ? I dont understand why people hold some when there are cleary better options WITHIN supernet
You don't know? Tech not your thing? Of course not, your job is to spread boilerplate Monero FUD last 9 months... zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Market Caps TodayBTCD.... $1,450,000 (price up from summer levels) BBR......... $125,000 (price down > 90% from summer levels) I'm really tired of people complaining about BTCD price... It's held up amazingly well... waiting for the SuperNET roll out. Speaking as a Pro Trader with CS degree... James is by far the best combined tech genius + finance genius 'round here. By far. It may be a little bubbly, but the man has created $8+ million in asset value... This is not luck... it's experienced, professional planning and execution. So give The Man 2015 to play it all out... There are all kinds of fascinating wildcards with Pangea and the VPNCoin. Agree 100%, James is the only true crypto renaissance man - tech, finance, communication, motivation, education - and he must be working 16-18 hour days 6-7 days per week for a solid year now. I seriously have about as much hetro man love for jl777 as I'm capable of giving to an unknown dude on the internet, and I'm grateful to have a nice wad of BTCD. Ups and downs in price now wont mean a thing to the end result, unless you're a day trader, which I'm not. Thank you James thanks for your support. been working more like 18 hrs/day 28 days a month, but I have been doing this for 7 yrs now, the prior 6 was pre-crypto but I seem to have gained some skills from all that coding. I will probably become one of the few coders who writes over a million lines of code. I decided to put a cool new module into BTCD, it will then become a valuable service provider for the rest of the SuperNET. This is a brand new tech that I have been working on the last two days and it enables the proper solving of many currently unsolved problems and could allow for a much wider appeal. So, if you have faith in me HODL. If not, please sell. James |
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Well yes, my words was maybe little too caricatured. My point of view for this matter is before the Supernet era, so to say.
Back then bitcoindark was the coin that would have all the nice features itself: jl777, a new anon tech and exclusive anon mastercard (the list was long and good). It had tremendous unique value at some point and I had no doubt of breaking the records. But after harnessing its power for the supernet its uniqueness was lost and making many the features as part of the supernet (like supernet anon card etc.) Usable with every other currency. That's why I said "Nothing left for this coin.." which was too narrow-minded indeed.
In my mind the reason for downfall of the price is the said loss of uniqueness. Of course btcd still has it's important purpose in the big picture and I'm not trying to deny that. I'm just comparing the situation back then and now. Future might be bright and like I said, I'm still in this because I trust James's promises.
All this is pure speculation and should taken as such. I've high respect for the developers and the community behind btcd and supernet.
It was my assessment that having all the great features on a remote island would not do much good. These features need to be adopted and used and that requires getting people to use it regularly. Otherwise, it is just hype. What good are features without users? That is why I had to solve the small userbase issue. So, on paper it sounds great that only BTCD has all the cool tech, but in that scenario there wouldnt be a SuperNET as what other coins would want to be part of it if only BTCD is benefiting? Now, we are creating a thriving new community and everyone is actually helping each other. At this stage of crypto this is necessary and much more productive than the constant fightings you are seeing elsewhere. The ATH was when there was a financial incentive for BTCD during the SuperNET ICO. So there are more ways than just tech to create value for a crypto. Better to be a medium size fish in the big ocean than a big fish in a small pond. 2015 will see deployment after deployment of the new tech and some that should drive more adoption and usage. The price in a bear market with crazy bots is on the pessimistic side, with so few coins any small change on the demand side will be a constant support, so as SuperNET revenues grow to something meaningful and it has to be used to buy BTCD to payout the dividend... James |
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I sold my position to move on to other ventures. It sounded like teleport was a week away back in September and I said to my self I'll wait till the end of the year and the price has done nothing but drop, and my wallet doesn't work so I was keeping my coins on an exchange, not good. I bought in at .0006 and sold at .0045 so I still made a nice little profit although not as much as I could have made had I sold at the top. I may be kicking myself if it goes up, but I figure there is always another good investment around the corner. If it drops lower I will buy back a few, if not, no worries.
I hear you, I have been keeping my coins so far only because of the endless promises. Since the beginning of the BTCD, most of the planned features has been transferred to the Supernet. For me (and probably some others) there just simply isn't anything left in this coin, than those promises James made back many moths ago. Maybe the dividents will change the course, but we'll see.. I'll still sit on my coins that I bought at 25-50k, but I can't blame for other to abandon the ship. [SuperNET [BTCD]] My attempt at graphics. To say the planned features are transferred to SuperNET, is not quite right. BTCD is inside the SuperNET, think of it as the engine that most people wont see as they are seeing the entire thing. Now if SuperNET was a car with a BTCD engine inside, how well will the engines sell if the car is selling a lot? With 1 BTCD engine in each SuperNET, what is good for SuperNET is good for BTCD. Now "there just simply isn't anything left in this coin, than those promises James made back many moths ago" is the key statement. If you dont trust me to deliver on my promises for BTCD, then yes, you should sell. If all BTCD has is the promises I have made, the question is how much is my word worth? The iceberg analogy is pretty good too. The scope has increased and this has caused delays, but we are down to debugging the system. https://github.com/jl777/btcd/tree/master/libjl777 has over 40,000 lines of code I personally wrote this year. I have made almost 3,000 commits to the repos and you can see my progress in realtime. I do apologize for not having the time to be cheerleader in this thread, but I am pretty active in slack. So do not think that SuperNET takes anything away from BTCD, it makes it 10x bigger market and without real world usage what value is all this tech? I did say it will take more time and if you are wanting to make some fast money, there are many places that promise magical gains immediately. I cannot promise that, but I do promise I will deliver the tech that I promised for BTCD. In fact, its role is even bigger with the latest plans. It will be the reference currency for InstantDEX and this will necessarily mean a lot more liquidity as all the transactions would go through BTCD. There will also need to be some minimum amount of BTCD people need to properly operate the Teleport and other features. The realtime BTCD MGW is in beta test and I am currently working on debugging InstantDEX connection with MGW, along with the Teleport engine. Now the value for a crypto is usually purely speculative value. With BTCD it also gets a dividend stream and SuperNET revshare and is reference currency for InstantDEX and gets Teleport fees. I wish I could go faster, but this is quite difficult code and that is why the line count is so low. ~150 lines per day of code is slow by my standards, but soon I will be done with the difficult coding and be able to get back to the normal production levels of ~300 lines per day. Industry standards for production code is ~10 lines per day, you can verify this if you dont believe me. Anyway for people sitting on losses, all this is just talk, talk, talk. So I will get back to coding. James |
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Hello James,
one Question: what is exactly planned with all Corecoins of SuperNet like Boolberry?, Why does Supernet need so much Corecoins? I am just a little bit confused and try to understand it better.
And what will happen if one of this coins value goes to zero? can this happen? if its not useable it will happen or not? or is suPernet backing them?
So what is your plan with all these coins?
Thank you for answer, appreciate it.
Regards
less than 1% of coins are in SuperNET. This does not seem to be exactly a large percentage. Different coins bring different things, the most important are the dev teams, who are all working together now. you should see the activity in slack, it is hard to explain James P.S. if the price goes really low, I will just buy them all |
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We are testing IRC chat <-> slack http://irc.lc/freenode/supernet/that links bi-directionally to the public channel in the SuperNET slack from there /join #channelname will get you into a channel where the slack -> IRC is automatically echoed. still cant post back yet, but that is coming So no need for any email invite. totally open just via normal IRC James Dear James, How will you stop trolls or people creating multiple accounts , names, etc to create trouble ''So no need for any email invite. totally open just via normal IRC'' ? there will be admins in IRC channel, but so far everybody is well behaved |
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We are testing IRC chat <-> slack http://irc.lc/freenode/supernet/that links bi-directionally to the public channel in the SuperNET slack from there /join #channelname will get you into a channel where the slack -> IRC is automatically echoed. still cant post back yet, but that is coming So no need for any email invite. totally open just via normal IRC James |
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