for the layman out there. What is so good about superNET??
Read Post #1741 and also #1742 in this thread. It explains the benefit of SuperNET. Don't speed read through it, or glance over it. The information is right in those two important posts. In short: Any SuperNET sponsored coin, can use any other coin's features. Devs are shared among all SuperNET coins as one big group. Holders of SuperNET coins can enjoy the fruits of all coindev labor across all coins. It's a sharing of technology. Thanks for this explanation. After I posted above, reaching out for help, I typed in SuperNet on YouTube and there was a fascinating interview (about an hour long) about how revolutionary SuperNet is/will be and which I HIGHLY recommend. It was with some guy who is not a techy who was explaining in laymans terms what it was and how it would revolutionise the Crypto world etc. I am very excited- one of the reasons I have joined this forum! I have a couple of questions I hope someone may be able to help with. Hopefully it will help others on their journey too. 1. I have read a lot of stuff about dividends, tokens and a fund. How would one partake in this part of the journey? How simple is it? Do you need to be able to code and stuff or is it a case of downloading a wallet etc.? 2. Is is better to download the SuperNet blockchain on their website, or invest in UNITY? (I am only on Cryptsy at the moment so this option may mean having to switch exchanges.) 3. Why wouldn't someone simply just invest in OPAL, NXT, UNITY and BTCD etc. to benefit from this dev boom? Or is it a case of you need to immerse yourself in the tech to truly be a part of this? Grateful for any help on this. Cheers! SuperNET/UNITY is not a coin, it has no blockchain. Just owning it is all you need to do in order to receive dividends. You can purchase directly with NXT on the NXT Asset Exchange or via BTC from bter. bter is also biggest NXT exchange so either to get NXT or UNITY (trading symbol for SuperNET) that is where to start. A lot of people get the NXT and or UNITY and withdraw to their NXT wallet. Once there, they can start using the decentralized asset exchange and never have to deal with centralized exchange issues. So, no need to be a coder, just need to be able to buy stuff on bter and withdraw into a NXT wallet (nxt.org to download it). NXT does have a blockchain. UNITY is the all inclusive asset that is diversified. So less risk, but it will gain as the average does. So, if you are able to pick the components withing SuperNET that will outperform the rest, then you can get a better return. Most people get a bit of this, a bit of that to tailor their portfolio to match how they feel things will turn out. Now SuperNET itself holds around 10% of the core coins, so with SuperNET you are indirectly purchasing OPAL, NXT, BTCD, etc. I know, its a bit confusing, but any global conglomerate is quite complicated internally. James Cool. Do I need to sell UNITY and buy other superNET assets (pangea, etc) with NXT in order to get a non-standard superNET porfolio? No need to sell the UNITY Since you are new to all this, just put some small amounts into different things. The SuperNET/UNITY is quite boring as far as crypto standards go. All during the bear market it was +/-15% or so, the downs will be less and the ups, well I think it will be more like a turtle, but you never know on the upside. OPAL can 10x again and while SuperNET can also, it would be much more difficult for a SuperNET 10x than an OPAL 10x. The other assets are all very very different, so each one needs to be understood and some are trading on multiple markets, there could be cross market arbitrage. It is really no simple answer James |
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for the layman out there. What is so good about superNET??
Read Post #1741 and also #1742 in this thread. It explains the benefit of SuperNET. Don't speed read through it, or glance over it. The information is right in those two important posts. In short: Any SuperNET sponsored coin, can use any other coin's features. Devs are shared among all SuperNET coins as one big group. Holders of SuperNET coins can enjoy the fruits of all coindev labor across all coins. It's a sharing of technology. Thanks for this explanation. After I posted above, reaching out for help, I typed in SuperNet on YouTube and there was a fascinating interview (about an hour long) about how revolutionary SuperNet is/will be and which I HIGHLY recommend. It was with some guy who is not a techy who was explaining in laymans terms what it was and how it would revolutionise the Crypto world etc. I am very excited- one of the reasons I have joined this forum! I have a couple of questions I hope someone may be able to help with. Hopefully it will help others on their journey too. 1. I have read a lot of stuff about dividends, tokens and a fund. How would one partake in this part of the journey? How simple is it? Do you need to be able to code and stuff or is it a case of downloading a wallet etc.? 2. Is is better to download the SuperNet blockchain on their website, or invest in UNITY? (I am only on Cryptsy at the moment so this option may mean having to switch exchanges.) 3. Why wouldn't someone simply just invest in OPAL, NXT, UNITY and BTCD etc. to benefit from this dev boom? Or is it a case of you need to immerse yourself in the tech to truly be a part of this? Grateful for any help on this. Cheers! SuperNET/UNITY is not a coin, it has no blockchain. Just owning it is all you need to do in order to receive dividends. You can purchase directly with NXT on the NXT Asset Exchange or via BTC from bter. bter is also biggest NXT exchange so either to get NXT or UNITY (trading symbol for SuperNET) that is where to start. A lot of people get the NXT and or UNITY and withdraw to their NXT wallet. Once there, they can start using the decentralized asset exchange and never have to deal with centralized exchange issues. So, no need to be a coder, just need to be able to buy stuff on bter and withdraw into a NXT wallet (nxt.org to download it). NXT does have a blockchain. UNITY is the all inclusive asset that is diversified. So less risk, but it will gain as the average does. So, if you are able to pick the components withing SuperNET that will outperform the rest, then you can get a better return. Most people get a bit of this, a bit of that to tailor their portfolio to match how they feel things will turn out. Now SuperNET itself holds around 10% of the core coins, so with SuperNET you are indirectly purchasing OPAL, NXT, BTCD, etc. I know, its a bit confusing, but any global conglomerate is quite complicated internally. James |
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Do I have to wait until someone is willing to sell for these exact terms or does this have some kind of pathfinding like Ripple ? Since I know that you were active in Ripple a while back I'm sure you know what I mean  I plan to support both methods,so you can specifically match a trade or have automatic conversions. Then there are the Tradebots, which will do anything they are told to using a Turing complete scripting language called "C" I found out most people arent comfortable typing in C code into JSON strings! so I will make some reference Tradebots for the standard things that people will want to do, like arbitrage, accumulate, divest over time, etc. Probably these will be linked to buttons in the GUI, but not sure of such details yet. That way you can trade a large order over time, without babysitting it, and minimize the effect on the markets you are trading. James P.S. Not everything will be all done at once as there are a lot of cases to handle, especially all the various methods of order clearing |
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Yes, it would always be great to have some nodes running to test network scalability and SuperNET stability. PM me with the details Perfect! Will PM you right away! =) - Jyri things are still experimental, so no guarantees about uptime and occasional resource hoggage |
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Hi everyone,
Some great news today! I finally managed to successfully compile SuperNET on Windows! This will have a VERY great and immediate effect on our community! Once jl777 and I knock out a few minor kinks in it, anyone running Linux or Windows will be able to become a SuperNET tester and begin using its awesome services!
With a nice GUI doing very well under development by longzai1988, hundreds of people in slack and more joining every day, and now this, we can rest assured that our community has some great days ahead!
Matthew
Wonderful news! Kudos for the excellent work! =) Would it help you and the project in any way to have some high availability Linux SuperNET nodes at your disposal? - Jyri -- Altcoin.Center yes! we are close to needing to test the next level up as far as number of nodes James |
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BTCDdev just make a Windows version of SuperNET
I know doesnt sound like much, but to those that know about Windows and how incompatible it is with everything, will appreciate it.
So, we have unix, MAC and now Windows builds, though of course the last still has to go through a round of debugging as it just got built!
I kept adding more and more libraries to SuperNET, it kept making a Windows build a moving target. mucho kudos to BTCDdev!!!
James
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Looks very promising indeed! =) -j. this has been there since summer, but now the rest of SuperNET is nearly ready, including GUI. but dont get too excited yet, a lot of things need to get debugged still I feel bad for the delays, but a 10x larger thing is being created, so hopefully everybody understands that it takes a bit longer. We are over 200 in SuperNET slack |
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I am so intrigued with the whole concept of SuperNET now!
I predict that long term the SuperNET coins will outperform the overall market due to the advantages gained from reduced supply, increased resources and active cross selling. Any coin that gets a new user, all coins benefit. Instead of competing cutthroat style, by cooperating, everyone wins. Well, except for clone coins with nothing to offer. I think that is why there was so much FUD against SuperNET as all these coins that we rejected (dozens!) got angry. But when I ask the simple question, "please name the most powerful feature your coin has that users will want to use"... usually no response. James |
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for the layman out there. What is so good about superNET??
Read Post #1741 and also #1742 in this thread. It explains the benefit of SuperNET. Don't speed read through it, or glance over it. The information is right in those two important posts. In short: Any SuperNET sponsored coin, can use any other coin's features. Devs are shared among all SuperNET coins as one big group. Holders of SuperNET coins can enjoy the fruits of all coindev labor across all coins. It's a sharing of technology. as i understand it, you could also receive dividends over traded opal on multigateway? Do you have to hold opal backed asset for this? or am i wrong in all  if so how would you get paid out? next year when there are meaningful revenues to share, the funds would be converted to OPAL and sent to its community fund. This would act financially similar to a multipool James |
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Is there anybody on the supernet dev team who could PLEASE help out by contacting Bter. The ico was held there so I'm guessing they have some sort of contact.
Thanks, JJ
I have PM pending I think holiday vacation |
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Also, to clarify SuperNET's position on OPAL holdings. We have around 10% and will be keeping it long term.
James
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P.S. It seems the OPAL price spike attracted the "Wally bot", my name for the bot that is intentionally pushing the price down. It is operating across all the major altcoins and is funded by thousands of BTC. Not sure how profitable it is, nor what its motives are (might not be profits), but the fact that Wally bot is running on OPAL means OPAL has arrived!
well i nipped the bugger at 2800 for 10k to reduce his pushing power lol it seemed to set him back a bit but he recovered within an hr. i think someone sold to him on the low. so he won.. that round *grumbles*  The bot seems to be human directed and changes its targets every once in a while after a period of pushing down, it flips and then banks some profits. I think once OPAL started trading on cryptsy, it created dual markets and that is how it funds its daily operations. eg. push down price on one exchange, arbitrage on the other. Then it picks the weaker orderbook to push, rinse, repeat. So, anytime any coin goes up a lot, it pushes down, then reverses and pushes up, etc. I have heard that some have figure out how to beat the bot and are making some steady gains taking advantage of its patterns. James |
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SkyNET has been approved for release It has sent me some instructions on what I need to do for it. I hope to finish these soon. In the meantime, can anybody get clarity on the Pangea dividend from bter? I think some customer support tickets need to be made James |
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Opal, SuperNET and You
Because I've gotten quite a few questions on the Opal side of the superNET, I'd like to explain it a bit better.
[..]
What this means for Opal:
- Increased funding, which means increased development and services (Opal PayPal gateway within a month)
- Decentalized Exchange (We're working with Vericoin on a new multi gateway cluster)
- Expanded dev team (we're already talking too VRC about some cool projects)
- We're working with one of the most recognized devs in the crypto scene (Jl777) on a decentralized Internet project.
- Teleport, a BitcoinDark privacy feature, which is the most secure anonymous system in the crypto environment will be integrated into Opal and Opal projects.
So an example might be: A Vericoin user wants to store some files on Opal Drive. He exchanges some of his Vericoin via the SuperNET gateway to buy some Opal Drive resources by obtaining some Opal for the purchase. This in turn creates demand for Opal, and Opal's Opal Drive feature is used. Conversely, an Opal user wants to use VeriSMS to send some coins via SMS to a cellphone. They exchange some value of Opal into Vericoin, and then use the VeriSMS feature to make that possible. This in turn creates demand for Vericoin and Vericoin's VeriSMS feature is used. Finally, the concept of SuperNET is that it ties all of these coins and features together in one unified space, so it does not matter which side of the coin market you buy into, you can always exchange your coin's value for features that exist in a partner coin. The only difference is, that certain coins, with better features might have higher or lower value, depending on what they bring to the SuperNET. The advantage from traditional trading, is you won't need multiple separate wallets for these transactions to occur. You won't need transfer money to centralized exchanges to in order to buy another coin while you're trying to use a feature. Instead, everything will happen from a SuperNET client. The benefits for engaging in SuperNET for these coins are: - devs share programming resources - it avoids duplication. Best implementation of a feature is adopted - devs share in SuperNET profits which encourages them to participate Is what I've said correct? yes further, by having a single aggregated platform, it dramatically lowers the cost of getting new users and ultimately this is what is needed for the big marketcaps. Another analogy is a shopping mall. Maybe someone doesnt even know about a specific store, but they know they can find whatever they want if they go to the shopping mall. So SuperNET will have this stream of "casual shoppers", who will gravitate to the best coins. In this way, SuperNET will magnify the best coins. The progress on the unified GUI is ongoing and our goal is to create a seamless user experience where all the complex things are happening under the hood. The coins with the most valuable features will get the most usage and hence the most users and the biggest share of the revenue split, not to mention the natural reaction of people who use a coin is to buy that coin. Also, the revenue share is something that goes to the coin's community to be used as the community sees best. Maybe it is to get more devs, maybe it is for marketing, maybe it is... How can SuperNET decide this? It is a decision for each coin community to make. Now dont get too excited, the timeframe for this is not measured in days, or even weeks, but more like months. Doing something nobody has ever done before takes a bit more time than cutting and pasting. James P.S. It seems the OPAL price spike attracted the "Wally bot", my name for the bot that is intentionally pushing the price down. It is operating across all the major altcoins and is funded by thousands of BTC. Not sure how profitable it is, nor what its motives are (might not be profits), but the fact that Wally bot is running on OPAL means OPAL has arrived! |
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Time for another OPAL article, thanks to that lovely roadmap Click here! You are really on the ball hehe, since OPAL im almost exclusively reading articles on cryptoarticles and coindesk now. And im with CECVW's comment, add OPAL to the diagram or give one of us the psd thomasveil ( https://nxtforum.org/index.php?action=profile;u=556) did the graphic, I will ask him to update, but if others asked too, it could spur him to faster action James |
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I cannot understand how does it work.
If I get a bunch of these shares (how to choose among the list?), will I get daily revenues?
What ROI should I expect?
Thank you
SuperNET/UNITY asset is the only one you need. You will automatically get dividends. Timing is not steady yet. ROI is not predictable yet Good news is that it is still trading pretty close to the NAV (marked to the market value of the BTC, NXT, etc. it holds) James |
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It appears investors are confused, probably why Opal dropped from >6k sats down to 3.7K now
The initial jump was due to the Opal Drive, and storj integration, which was easy enough to understand.
Then all of a sudden the SuperNET announcement came out, and people were buying without realizing what it is they were chasing.
Now that the excitement has calmed down, there are a lot of confused people (myself included). Doing preliminary research, it appears if you buy UNITY it's better than buying OPAL, is that true?
What are the benefits of buying opal today? Will it preserve it's value? Will we be able to exchange it for UNITY or NXT?
Is there going to be a increase of people wanting Opal in the future once this mgmBTC thing starts working for asset transfers?
It's so confusing, and to be honest, the graphic doesn't help much.
What we need is a few sample case scenarios.
Ie: If you own Opal today, here's something that could expect in the future. Your Opal could be a 15:1 ratio of Opal to UNITY, so buying UNITY now, doesn't make much sense, since Opal is POS and worth more.
That sort of thing. I don't know. Help?
UNITY is totally different than OPAL, it is not a coin it is an asset. Cant really compare them directly. It is a lot more diversified and so it will be more stable in price. OPAL is a lot more concentrated and also with its current mini-marketcap much easier for it to go up a lot more than SuperNET/UNITY. one analogy is that supernet to a coin is like the internet to a website. So how a website does versus how the network itself does are not the same at all. OPAL is plugging into SuperNET and its very active dev team will be one of the first coins to actualize the power of SuperNET. Think of SuperNET as the raw components and OPAL as the thing that puts it all together. I guess from a stock market view it would be like a mutual fund vs a specific company. SuperNET would reflect more how the overall industry is doing, while OPAL is specific to OPAL. James P.S. I am confused why you think OPAL is down, when it is 5x what it was a week ago. In most cases, this is quite a good gain. After spiking up due to supply/demand imbalance, it is natural for a consolidation. |
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