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What do you define as a large network? And what would efficient mean for a network that size?
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P.S. also today I got caught up in the whole BCX XMR thing which was quite distracting as I was in the loop of all the PMs
What happened with Monero? It just tanked. Edit: found it. https://bitcointalk.org/index.php?topic=789978.0BBR affected too? |
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Long Live Noashh!  |
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ok thanks allot. i want in but just waiting on something.. timing has to be right..  I think the price remains static at 0.0115 BTC now. You know something I don't about the relative future price of NXT or BTCD? |
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when is this ico gonna end ? was it supposed to be 2 weeks eh?
so right now theres 4k BTC collected?
~CfA~
Should be Monday how do you know it should be monday? ICO lasts a minimum of 2 weeks, plus 2 days after the first day sales are < 3% of the total. A lot of TOKEN were sold in the first day, so no day for a week or more has seen 3%. So unless there is a bump today, it will end in 2 days. |
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I'm curious about the timescales for the different income streams coming online - and guess others will be too.
As I understand it, SuperTraders will start trading almost immediately; any profits generated will be compounded into the trading fund, so will increase book value but not dividends.
Several other revenue-generating services (e.g. SuperNET card, CoinEvolve services etc) will become active sooner rather than later, many by the end of the year. I think an end-of-year dividend was mentioned.
Others (including full coin feature sharing?) in 2015.
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Windows installer would be very helpful.
Interesting that BTCD has kept its value surprisingly well, given BTC's crash. Low volume, too. I guess BTCD people are natural born hodlers.
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does somebody know whats going on with jl777hodl went up like 30% since I last checked.
New assets get thrown into it periodically. Realisation that its market cap should therefore have risen typically lags a little. It's just people catching up. Keep an eye on it and you can pick it up cheaply sometimes. |
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Right. I think $1m / year is pretty reasonable, if those assumptions are correct. Maybe not by the end of this year, but not too long after. $1m / month in a year or two is reasonable as well. This being crypto, 'reasonable' means that multiplying or dividing your market cap by 10 in a year is a normal sign of success or failure, respectively |
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It is still pretty fucked that they do NOT have enough coins... maybe they should have been accumulating so they could fill all new orders.. dumb asses.
No, not really. That's not their business model. |
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Amazing, sounds really great! The only thing I don't understand is why you have chosen bter instead of poloniex to conduct the IPO. Using bter would increase multigateway volume and avoid a too big total volume; this way shares wouldn't be that diluted and small fishes wouldn't be eliminated.
Poloniex backed out. It doesn't work like that. The assets are backed by the crypto invested, rather than being diluted. It just means you own a smaller slice of a larger pie - and a larger pie has bigger purchasing power and network effect. |
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Chartbuddy just became self-aware.
Bullish? Or is this going to end like T2: Judgement Day?
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james, do you think supernet be able to distribute a million dollars a month in dividends?
at some point in the future, ofcourse
Why shouldn't it be able to? There is no technical difference in distributing $1000 oder $1000000 or BTC50 or NXT3000000...!? I mean if supernet can reach that amount of dividends Assuming my reasoning is correct (which you never should), I'd say $1m is no big deal: Let's say for a moment that SuperNET is a strong, stable real-world company that pays a totally respectable dividend of 5%. Say also that its market cap is book value, and book value is $2m, because BTC has taken quite a beating recently, if you'd noticed... That gives total dividends of $40k. But, of course, SuperNET's market cap ought to be way over book value. Consensus is that #10 on CMC is not unreasonable by the end of the year, as James' bonus is tied to this. Right now that's around $8m, so let's say x4, gives dividends of $160k. Real-world companies might work on a profit margin of 15%, whereas SuperNET plans to operate on 90%, so x6 = $1m, give or take. There are factors which could impact that estimate a lot, but both ways - BTC could crash further and stay down, but equally some revenue streams could perform strongly or SuperNET could have a market cap of $30m in 15 months (#5 CMC which James' other bonus is tied to). This is why I plan to reinvest dividends, certainly to begin with. EDIT: just realised you said 'a month'! That changes things a little, obviously - though not that much if your timescale expands by a year or so. |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen... yes, I feel sorry for selling at $6xx  , I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma- trollsbulls that hang around here. [/sarcasm]Where are JJG and Trolfi? I haven't dropped by here for a while, and it seems so much more peaceful without them. I almost feel like staying. |
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How's it looking for the end of the ico, are we getting anywhere near the 3% cut-off or whatever percentage it is that triggers the stop ...?
Not certain, but there was so much activity in the first day (hour) that it seems likely that Monday will be the end of the ICO. |
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if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen... |
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When unlocking, uncheck the 'for staking' box.
wow thanks, was still doing it old style from the console How do you do that? Is there a list of commands somewhere? (Only been around here a couple of months, so I don't know Old School BTCD!) Goto Menu > Help > Debug window. Select console tab and type "help" without the qoutes. It will display all the available command. Cool, thanks! |
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Vortex includes the sense of both rings and mixing/obliterating.
However, I'm really coming around to Rune, which I think might just edge it.
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When unlocking, uncheck the 'for staking' box.
wow thanks, was still doing it old style from the console How do you do that? Is there a list of commands somewhere? (Only been around here a couple of months, so I don't know Old School BTCD!) |
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by the Supertrader payroll, I assume you meant bankroll. I want the supertraders to compound the 10% until it is becoming giant multiples of starting book value! So, if they are making the big gains, let them keep compounding it. It would be cool if the NAV growth will rival the operating company valuations
James
Yes, I meant bankroll. There must come a point at which a vast bankroll starts causing problems moving markets and it's no longer possible to use all of it to trade. I've no idea where that point is or if it's ever likely to be reached, but thousands of BTC (millions of USD) is a lot when there's only $2m daily volume for BTC. Fair enough to the time limits on bonuses. I don't think it's going to be an issue in either case anyway, especially for the first one. If we are starting to become too big of a player in the tiny crypto markets, there is always http://en.wikipedia.org/wiki/Foreign_exchange_marketWith high accuracy SVM predictors and experienced and proven traders, we will be able to be successful in trading markets beyond crypto, though our edge will not be as big. Too much success is one of those "good problems" to have! As crypto grows to include more and more of the "real world", the distinction will blur. SuperNET will thus be competing with some real world fiat based companies in the future years. 1% of GDP in the crypto economy by decades end does not seem to be so far fetched now. James P.S. I spent 6 years prior to crypto on a realtime SVM based forex trading system and this will be ported into SuperNET framework next year. That would be encouraging. Anything to help the flow of wealth from fiat to crypto. |
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