Question:
Does it make sense to burn them all?
What if there is tech or marketing etc that needs to be bought.
The SuperNET slackers are already starting to help integrate VPN into SuperNET. Also there is 50M VPN that will be used for the things you are saying, this should be quite enough I encourage everybody that wants to help, or just see what is happening to join SuperNET slack. I send invites to anybody that asks, just send me your email so I can have a slack invite sent to you. http://104.236.15.119:8086/logs is a log of the public channels, though it turns out half the activity is via PM within slack James |
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Now its the perfect time to contact another exchange ...
My stomach is hurting me, VPN will be in BTER very soon Thanks for reminder! I send PM to bter also in discussions with poloniex James |
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I am very happy to be working with bitnet-vpncoin! By combining our forces together we are both much stronger. We are already working on non-Windows version for the GUI and there are over 2000 SuperNET investors who are always paying close attention. When people discover all the must have tech that already exists that is ideal for the Chinese market, this will get a lot of new people very interested in VPN. Once they are interested, then when they understand the roadmap, my guess is they will want to get a bit. The restructuring of the 600M to burn address is another thing that immediately more than doubles the value per VPN, but some of that was already priced in, so let us not get too excited. What I do is identify the coins with real devs and we work together for the long term. Maybe the price is going up, then down, then up, then sideways. Well it makes me dizzy! I just work hard everyday (literally) and do what I can to improve the tech. I am putting together a team within SuperNET slack to help integrate VPN into SuperNET and I invite everyone in this community to join us! There are over 250 people now and I believe it is one of the biggest, if not biggest realtime crypto communities. Just PM me an email I can send the slack invite to and after than one email you are plugged into all the exciting developments. You can see a log of the crazy things we are up to here: http://104.236.15.119:8086/logsSuperNET is not just me, there are literally over 250 that are part of the SuperNET slack. See you there! James so has the desicion been made on the 600 million I thought the voting was still open? when you say your going to burn them is that the same as freezing them? and why have they decided on burning rather than destroying? just wondered cheers I advised to send the coins to an unspendable address. This method requires no changes to the code, so no hard fork and they are quite unspendable. Some possible issues with blocktime changing due to so many coins to never stake again, but after a few tests that went as expected, the blocktimes are normal and the 600M coins are not staking, so after sending to the burn address, we achieve the goal and no need for any hardfork. The reason why it is unspendable is that it requires a pubkey of all 0, which I believe is an invalid key, so it means cant ever be spent. The voting for the 600M was quite clear, but it was also a condition for joining SuperNET, these extra coins serve no purpose and rather are detrimental to the coin. Now this is fixed. James |
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Guys, this coin's skyrocketing and currently it's at 118 sats... I know it does have the potential to make it upto 1000 sats per coin, and I'm thinking of getting on the train currently if I'm not late currently...
But first, I would like to ask you guys, whether I should invest or not currently as it's being pumped and dumped by somebody to create panic amongst everyone...
Is it one of my way or should I stay away?
you can verify the SuperNET holdings of VPN, long term HODL Now it has more than doubled, but with the reduction in supply a 2.5x increase is marketcap neutral, so the prices really cant be compared. You should compare the marketcap and the current CMC marketcap is actually inflated due to its counting the 600M So it will be a bit tricky to know what the right price is at this moment in time. However, if you are long term believer in VPN and/or SuperNET, then as long as you are not buying during a panic, over time the price will catch up. Keep in mind VPN has some very unique characteristics. It will be integrated into SuperNET as the doorway to China. James |
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can anyone help in telling how much coins are in circulation. i see max as 1 billion, and 600million in freeze. are these gonna be destroyed or held for later distribution
600 M to be burned, so max supply at 400M, not sure about the 0.1% per year staking. still that is so small amount Now this alone is meaning a 2.5x price change to just maintain the marketcap. Another 47M is in long term HODL for SuperNET, which means it is off the market Another 50M is there to promote and develop VPN and I already have many people in slack wanting to help integrate VPN into SuperNET. So these coins are not off the market, but they will be used to obtain value. Assuming that they can get equivalent value to their market price, it has no net effect. Assuming SuperNET uses it wisely, then this 50M value will be leveraged. So we are looking at an supply of ~300M, then another 60M is reserved for the long term node awards, which gets us closer to 250M coins in the market now. In other terms on a liquidity basis there is a 4x difference, but this is assuming the marketcap stays the same. Hard to predict the price and I am more to just keep improving the coin and let the price bounce around as it will invariably do James |
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I am very happy to be working with bitnet-vpncoin! By combining our forces together we are both much stronger. We are already working on non-Windows version for the GUI and there are over 2000 SuperNET investors who are always paying close attention. When people discover all the must have tech that already exists that is ideal for the Chinese market, this will get a lot of new people very interested in VPN. Once they are interested, then when they understand the roadmap, my guess is they will want to get a bit. The restructuring of the 600M to burn address is another thing that immediately more than doubles the value per VPN, but some of that was already priced in, so let us not get too excited. What I do is identify the coins with real devs and we work together for the long term. Maybe the price is going up, then down, then up, then sideways. Well it makes me dizzy! I just work hard everyday (literally) and do what I can to improve the tech. I am putting together a team within SuperNET slack to help integrate VPN into SuperNET and I invite everyone in this community to join us! There are over 250 people now and I believe it is one of the biggest, if not biggest realtime crypto communities. Just PM me an email I can send the slack invite to and after than one email you are plugged into all the exciting developments. You can see a log of the crazy things we are up to here: http://104.236.15.119:8086/logsSuperNET is not just me, there are literally over 250 that are part of the SuperNET slack. See you there! James |
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Thanks, and what is a "slack"? How do I gain access to it? PM me email address, then I can send you a slack invite just needs to be a temp email so you an get the magic URL |
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Hello,
I just wanted to know if a new BTCD wallet will be released in a near future ?
Thanks
https://i.imgur.com/xsyO4KQ.png https://i.imgur.com/0ESYZw4.png currently InstantDEX is being added, it will look like a normal exchange, but will be decentralized Telepathy GUI has also been mostly done Teleport GUI is partway done So, there are many different parts to it. Maybe we can release a wallet before all the features are completed. James Sorry James but I have just started interesting myself for all your great projects; so I am not yet fully informed. Nevertheless, does your answer mean that soon my BTCD will be staking in the NXT wallet or will BTCD always have it's own wallet. Thanks you  The BTCD wallet will remain for staking, but there will be a way to open the SuperNET GUI. It will be an option whether to even use the SuperNET. I expect with all the things people can try out that most will at least see what is possible |
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Hello,
I just wanted to know if a new BTCD wallet will be released in a near future ?
Thanks
https://i.imgur.com/xsyO4KQ.png https://i.imgur.com/0ESYZw4.png currently InstantDEX is being added, it will look like a normal exchange, but will be decentralized Telepathy GUI has also been mostly done Teleport GUI is partway done So, there are many different parts to it. Maybe we can release a wallet before all the features are completed. James |
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Nice updates from jl777 over in slack today. (PM him with an email if you want to join the discussion!) but within InstantDEX, the BTCD will be the default reference currency, due to several factors. Primarily due to the availability of sufficient inventory to provide liquid and low spread markets and its direct tie in to telepods, but also psychologically, I think having fewer zeroes in the price is good and it is much closer to the EUR than BTC, in fact I think it is very close to GBP. maybe that is biasing me more than it should
There you go! InstantDEX trading will use BitcoinDark as the standard trading pair! This represents the status BitcoinDark holds within this project. Matthew With a zillion possible trading pairs, it is not practical to maintain liquid low spread orderbooks for all possible pairs, however (similar to XRP), if you have a reference currency that has liquid low spread orderbooks for all things, then you in effect get liquid pretty low spread (2 tx) orderbooks for all possible pairs. So, instead of N*N orderbooks that need to be funded, just N I chose BTCD to be the reference currency, cuz, its BTCD! James so if supernet is a succes btcd must explode ( more 0.1 btc ? ) BTCD will definitely do better the better SuperNET does. The more people that use SuperNET, the more people will use BTCD and also there is the 5% revshare the BTCD stakers will get. My work with DB MGW basically gives me the list of staking addresses, so I can pretty easily calculate which accounts should get what percentage of the dividend. Now just need to generate dividends to distribute. I prefer not to make any specific price predictions, but it makes sense for BTCD price to track the price of SuperNET, not in lockstep as that is not how markets work, but rising in tandem James |
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plodding along...
added file transfer API, which probably doesnt sound like any big thing, but it is fully encrypted and while the initial version is to ip address, things are setup so it could be routed to DHT address, use onion layers or even telepathy.
I needed a way to reliably transmit the DB MGW's withdraw tx and it didnt fit in the UDP packet, so I had to make a layer that automatically breaks it up into pieces and retries until it gets acknowledged by the other side. Basically tcp like functionality on top of the UDP, though of course nothing as fancy
This was a way to get the final piece needed for the DB MGW and also solves the MMatrix comms issue and anything else in the future that needs files (or large buffers) transferred
James
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Nice updates from jl777 over in slack today. (PM him with an email if you want to join the discussion!) but within InstantDEX, the BTCD will be the default reference currency, due to several factors. Primarily due to the availability of sufficient inventory to provide liquid and low spread markets and its direct tie in to telepods, but also psychologically, I think having fewer zeroes in the price is good and it is much closer to the EUR than BTC, in fact I think it is very close to GBP. maybe that is biasing me more than it should
There you go! InstantDEX trading will use BitcoinDark as the standard trading pair! This represents the status BitcoinDark holds within this project. Matthew With a zillion possible trading pairs, it is not practical to maintain liquid low spread orderbooks for all possible pairs, however (similar to XRP), if you have a reference currency that has liquid low spread orderbooks for all things, then you in effect get liquid pretty low spread (2 tx) orderbooks for all possible pairs. So, instead of N*N orderbooks that need to be funded, just N I chose BTCD to be the reference currency, cuz, its BTCD! James |
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Why SuperNET is not listed @trex??
Good point. Who has a contact there? bittrex doesnt like crypto 2.0 thats why they dont list them They listed BLOCK... Like James said BLOCK is just a random PoS clone coin so there's no special tech involved at all. I guess they're planning on eventually swapping it out for tokens on the NHZ asset exchange I guess. And then they'll be in the same position as UNITY is. my understanding is that the current BLOCK is just temporary, similar to TOKEN for SuperNET. Not sure if NHZ asset exchange is up and running yet, if it is, they should be able to switch over, but I guess if none of the exchanges support NHZ assets, that would explain a delay. Since so few exchanges support NXT assets, I dont know of any that are trading NHZ assets... I guess it would be like XCP was before it got onto Polo, it just traded within the XCP exchange. James |
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It is proof positive about the sockpuppet army as several of them are posting here and clearly know of bitmarkets, but not a single post about it in the official thread.
Sad that this turned out to be what it is...
James
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I would also remind you that no decentralized market will be ever allow to operate by law enforcement as proven by 'Operation Onymous' last month (17 people arrested in several countries, millions seized). So the whole thing is just a trick to get investors' money without any real-life use, much like "anon" was a few months back and decentralized cloud storage seems to be now. None of that shit will ever have any real life use.
I do not support illegal activities and I think that the problem here was the illegal activities, not that it was a decentralized market. Law enforcement wouldnt particularly care if it is centralized, decentralized or distributed, if it is illegal they go after it. If it is not illegal, then why would they go after it. Privacy is something that the world needs. If you are content with the govt knowing everything you do, spend, etc. that is your choice. However there are some people that dont particularly want all their personal details available to any low level clerk (or whoever bribes them) and if the data is in a govt database it will be low level clerks that have access to it. Anyway, you are pro-govt rights, thats fine I have no problem with you having your own views on that, just let me have my own. Fair enough? James P.S. I suppose you feel that online poker is a horrible crime that SWAT teams should be sent to shutdown, since it is illegal in your USSA. Let us ignore the giant bribes that lasvegas peoples are paying the politicos to make online poker illegal, such things only happen in third world countries. Oh I "let" you have any personal views you want, what I don't "let" you is getting away with the INEVITABLE consequences of bot decentralized markets and storage since, inevitably, they will attract illegal activities and, therefore, law enforcement with disastrous effects for everyone involved, including those dealing in legal activities (loss of money and loss of stored property). I am well aware of the pitfalls of government and democracy itself, but history teaches us that even with those pitfalls it triumphs over anarchy -which is totally inviable- and dictatorship so as long as people support democracy in the US -which is where I live, but not "mine" in any way shape or form- and most of the rest of the world, the world is going to have to live according to laws and rules supported by evolving and alternate majorities. That is a FACT, especially in Law Enforcement, regardless if I like it or not. As you are fully aware of, regulation is coming imminently to crypto in both the US and Europe. Necessary and positive in the end so, yes I fully support it. And, as long as those are set by democratically elected governments, I support the enforcement of the laws against those who provide playing fields for the crooks and deranged of the world under the cover of "protecting privacy". Every individual I know of, except maybe Howard Hughes, through history, has been more than willing to give up any trace of privacy in exchange for fame and fortune, so, in the end, it is all fake and a monumental lie... But those are higher philosophical matters not necessarily appropriate for discussion here. What should be discussed, with facts at hands -as I have tried- are both the inevitability of illegal activities in any decentralized environment and the corresponding Law Enforcement action that will follow, since they will have dire effects in the quality of people's investments. What is your feeling about the Internet? It enables all sorts of crimes, shouldnt it be shutdown? What about the telephone? What about automobiles? What about restaurants? I think this tendency to criminalize anything that criminals use is quite a bit of overreaction. Why not just go after criminals? Presumably you believe in the right to free speech? Arguably most things on the internet is similar to free speech, but for criminal activity at some point it morphs into a physical thing. [some exceptions, but you understand what I say] So, why not criminalize the physical instantiation of the crime, not the technology that is shared by the criminals and the innocents. Anyway, I can see we are very far apart on this, so I will stop with this. No sense in taking this thread further offtopic. Back to my original posting here, it sounds like the bitmarkets is already live? So they are first to the market before the BAY using the same/similar tech. James Don't bother with barabbas, he's an angry ignorant shill of IconicExpert  Any coin out there which have more volume compared to his shitcoin (Bytecoin) is flamed by him, should be regularized to death, etc. He is a little version of Hitler. Some kind of natzi US version. I dont think that is fair to barabbas. Maybe he exaggerates at times, but since the official thread for Bay is pretty much a fanboyfest, I figured I would get some more objective answers here. Q1. Isnt bitmarket tech quite similar to BAY in the key aspects of using bitmessage and double deposit escrow Q2. If BAY has no exclusivity to the tech, even if bitmarket is already competing with similar tech, what is to prevent half a dozen more competitors? In fact, could people just use BlackHalo? This is my confusion over BAY. Granted the tech appears to be real, but the dev is distancing himself from it and since it has been available in other projects, it would seem that without 110% commitment from the dev, there isnt much chance of keeping up with bitmarket, nor from preventing blackhalo to also be competing maybe with the dev supporting that even more. So, the value for BAY would be all the non-tech things it has, but the 3000 BTC was raised for.... If not for the tech, what is the need for all the BTC? I guess we will see a massive global something something soon? Maybe this is a good time for some friendly wager between yourself and barabbas? You can even use a double deposit! who gets to be the lucky one to lockup twice the bet amount when you use it for wagers? James |
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I can't believe people are selling right now anyways lol... Don't these funds go into the SuperNET for liquidity to transact? It is part of the SuperNET to hold 10% of any coin that joins so there is even distribution if I understand correctly. It is possible some will be used to facilitate liquidity of InstantDEX, but the details depend on many things. maybe I will just buy 100 BTC more James |
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BitMarkets is basically a BitBay killer before BitBay was ever born, it has for all intents and purposes performed an abortion on BitBay.
Imagine you are a seller/buyer, would you rather use a marketplace with shady beginnings, have to buy a particular coin to use it and then not be able to freely exchange that money for FIAT because it got "pegged" (supply gets fixed so you can't freely sell the coins you should own). Or would you rather just use the bitcoins you already have and which can be freely traded as it is your right?
p.s. that bitmarkets wallet looks way sexier than the clunky BitBay one.
While I fully agree with everything you just posted here, still you are comparing a legitimate product with a scam, and that's somehow legitimizing it. There's no market, decentralized or otherwise, behind BAY. There will be "clunky software pretending to facilitate such just to allow the distribution of the last 33% of the BTER "sale", but nothing else. No merchants, no sellers of anything, no nothing. It is a SCAM, period. Wall to wall. Comparisons to legitimate projects are simple ludicrous. regardless of anything else, I would think that the official bitbay thread would be buzzing about bitmarket... my curiosity was about the tech being so similar and the possibility of the halo software to have been used for the bitmarket. strange that so close to each other, such combo is released. double deposit escrow is not your everyday sort of thing, especially combined with bitmessage. Didnt Bay get a non-compete agreement for its license? or can anybody just license it for 100 BTC? James |
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