Perhaps I am wrong, but I was under the impression that parts of the funds raised will be used to purchase amounts of BTCD, BBR, NXT and so on. This is besides the assets owned by SuperNET that comprise the basic functionality (Instadex, privatebet, etc). Is that not true?
What proportion of BTCD are you planning on keeping from that raised? i.e. are you going to sell any for BTC so that there's less exposure to it?
Cheers
I think James has already bought 10% BTCD and BBR, or owns them via assets, hence it's safe to announce these. SuperTraders = highly successful traders. |
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Is it possible to extract your private key from the wallet.dat file, and if so how?
I'm using the Windows client.
open bitcoindark, go to debug console, and type dumpprivkey <yourAddress> Perfect, thank you. I just trust private keys more than wallet files... Also, is there a reason my coins occasionally stake small amounts to addresses that aren't mine? I have only one address; sometimes I guess stuff like (RAUDTE3vYAiHhDXSghfpcvCmrgc5q98r2H), 0.06529909. Tx id is dbe2a9cd29b980592bb8023fc3e8036c03e6ca624e7049b69870894b32dae39e-000 |
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Is it possible to extract your private key from the wallet.dat file, and if so how?
I'm using the Windows client.
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As a coder, he is decent.
You've got to be kidding about this part. Just decent? He's a coding prodigy. I have no clue how he manages to write as much code as he does, a 20 person software company of normal coders would be struggling to keep up with his output. And his software does stuff that most people would consider impossible if they didn't see it in action. So, the post was just my appraisal. I am by no means an expert when it comes to coding. In fact, I don't know anything, so I'll admit that anything I wrote on the topic or am about to write might be off base. I have heard enough times and have seen from his posts that the amount of code he writes is prolific. I have heard time and time again that nobody can code as much as he can and I generally believe it. My appraisal as decent (this isn't bad btw) comes from his own words of constant referring to himself as "Just a C programmer". If he said he had mastered the top 5 languages, I would be more impressed and move him more into the "prodigy" zone. He also regularly leaves posts about how he coded something, got it to work but it turned out to be sloppy, so he did it all over again from scratch to make it clean. That kind of determination and perseverance is the key to success. Most every time I would prefer to support a decent highly motivated and relentless coder over a really good but lazy and uninterested dev. Disclosure: I bought 1/2 bitcoin of Token. The irony, I think, is to be found in your sig. I am not sure what the irony is. I sometimes get lost on meanings in the internet. I am indeed looking for the next thing. That is totally congruent with my nature and that is why I am here discussing what very well might be the next big thing. BTW, I first bought one of Jame's offerings months ago and now have 4 different ones. When I talk about him, I am genuinely trying to give an honest feel for the guy, both the good and the bad. Lots of people on here are pumping him to be out of this world, and trolls are screaming scam. I was trying to give a voice of reason from somebody who has followed him and actually sent messages back and forth with him (under a different name) going back months, long before any of this was ever even thought of. BTW, he was very good at answering my questions very clearly. His normal writing often goes over my head, but when I asked clearly for what I was trying to understand, he wrote back very well. All duly noted. The paradigm shift here isn't the standard of coding or the work ethic, though of course these both help immensely. What is qualitatively different (for crypto) is the emphasis on collaboration instead of zero-sum competition. That's the real game changer. The tech is cool, but that's not what's really exciting. So to me the 'next big thing' is something more fundamental. Basically it's about how we relate to each other, what that enables and the role that money plays in cementing those ends rather than pulling people in opposite directions. |
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As a coder, he is decent.
You've got to be kidding about this part. Just decent? He's a coding prodigy. I have no clue how he manages to write as much code as he does, a 20 person software company of normal coders would be struggling to keep up with his output. And his software does stuff that most people would consider impossible if they didn't see it in action. So, the post was just my appraisal. I am by no means an expert when it comes to coding. In fact, I don't know anything, so I'll admit that anything I wrote on the topic or am about to write might be off base. I have heard enough times and have seen from his posts that the amount of code he writes is prolific. I have heard time and time again that nobody can code as much as he can and I generally believe it. My appraisal as decent (this isn't bad btw) comes from his own words of constant referring to himself as "Just a C programmer". If he said he had mastered the top 5 languages, I would be more impressed and move him more into the "prodigy" zone. He also regularly leaves posts about how he coded something, got it to work but it turned out to be sloppy, so he did it all over again from scratch to make it clean. That kind of determination and perseverance is the key to success. Most every time I would prefer to support a decent highly motivated and relentless coder over a really good but lazy and uninterested dev. Disclosure: I bought 1/2 bitcoin of Token. The irony, I think, is to be found in your sig. |
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People have already 'bet' ~4500 BTC on it.
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It would be respectful to remove the posts giving/quoting the nationality of the man who strongly prefers to stay anonymous, assuming they are even accurate.
James is not from the referenced country. At the same time, I quite agree, it is poor judgement and disrespectful. One would hope you would not like to be doxxed in a similar fashion. One would hope you would immediately adjust the post. I know. He lives on a plane, constantly circling the earth due west. In this way he avoids hostile jurisdictions by remaining in international airspace. It also explains how he seems to have 28 hours a day. |
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It would be respectful to remove the posts giving/quoting the nationality of the man who strongly prefers to stay anonymous, assuming they are even accurate.
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I'd echo the comments on bbr. SuperNET hasn't even launched yet!
Just the developments of the last few days reassure me that SuperNET will be a real powerhouse of linked coins and services that will benefit all involved.
Is there somewhere we can suggest features for the SuperWallet? There are a couple of minor ones I'd like to see.
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This is getting more exciting every day  2 questions: Will you be able to Teleport (some?) assets? Do you have an under-a-bus plan for the large NXT account, even if it's getting your wife to send the private key to a trusted party? (Ideally, you should aim not to fall under a bus, but these things don't always go to plan). |
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the ico will still be open till tomorrow right? think il buy a healthy amount of TOKEN.  For another 10 day's or so I guess. If you remember the PMs we exchanged a while back - this very neatly solves that problem. |
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This is a major change to the conditions. I don't know that I would invest if they were such originally.
The change in terms appear (to me) to be heavily to the advantage of SuperNET and its token holders. Payouts would only occur to jl777 if the asset price performed strongly, rewarding all. What are your objections? |
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Did anybody calculate the total amount of BTC raised so far?
Back of envelope stuff: 881 BTC 2500 BTC in NXT 237 BTC in BTCD 206 BTC in CNY Total ~3,824 BTC NXT's rising price is helping the already disproportionate sum coming from NXT. James: you said you would be open to investment via other cryptos under the right terms. Have there been any offers (particularly from BBR)? |
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If anybody has any other ideas for voting, just post. The specifics will all depend on how much is raised, so I cannot know the exact things to propose, but the questions of the amount of core assets and whether to have some extra assets that can be used to raise working capital are ones that I feel are important to address before trading begins.
Suggestions for voting. Assuming c. 5,000 BTC collected and a goal of 10,000 total: Temporary upweighting of SuperTraders' fund to 20%. Fund would keep some % of profits and return some to core reserves, especially BTC. Upweight core asset fund to 15-20%, again temporarily. When 10,000 target was reached these could be reduced accordingly. I would be prepared to forgo dividends for a while to ensure the strength of the project. Could additional shares be created at launch, which could only be bought using reinvested dividends? The preferential price paid for these would reflect early participation and deferred gains. My guess is that some HODLers would go for this. Others who want instant returns would not. Hence it probably needs to be optional. Thus the early period would be riskier to some extent, in various ways, but would place SuperNET on a stronger long-term footing. |
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Amazing post Este Nuno, you leave my face like  I hope you are right and SuperNet will work in this awesome way! BTW, you (we) should spread your post in other altcoin threads to show how awesome SuperNet could be! I think a wallet is in the works. If we could get screenshots of the GUI, or a mock-up, that would be quite a powerful marketing tool combined with a case study like Este Nuno's example. Whale was working on it, but I don't know whether he's GUI. Anyone know? |
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So, I thought the price of entry was supposed to go up each day, but it's only if the asset sells out at the price set? Shouldn't the asset be pulled and set higher than 129 now? Nobody is going to buy the remaining shares at 129 at this pace, there are just too many.
James put a large buy wall up on the AE so that it wouldn't sell out and people could start selling their assets for far more. At the moment, 129 is possibly slightly high (not 100% sure though), as the NXT price is at a 1-month high and the price is valued in BTC. Edit: I take it back! BTER price of 0.01044510 BTC / 0.000079 BTC/NXT = 132.2 NXT. So get them while they're cheap. Maybe I'm missing something but I don't see any "large buy wall" on the AE. Just a buy wall for 1443 shares (which is not much really considering how much has been invested) just over 127. Where is this buy wall you are talking about? Yes, he mis-spoke. The Asset Issuer account (jame's or perhaps an account he created for this) has a large Sell wall of just less than 1million tokens at 129 NXT. This is to prevent noob investors from paying too much if he 1000 unit sells sell out quickly. The current 1000 unit sell is at 128.44 NXT. --- After the IPO is done, James said he will put a large buy at NAV. I assume this means Net Asset Value which means to me the liquidation value of all the underlying assets help divided by the number of superNET shares. (He can correct me if I mis-spoke here.) Sorry. Sell wall, of course. |
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Someone does need to write a document explaining more precisely what this is about. I am a seasoned BTC, NXT and asset exchange user, but it took me nearly five hours last night to begin to understand what this is about - and I'm still unclear on A LOT. I imagine most potential investors are staggered at the amount you are aiming to raise and the moment it becomes clear to them that this is not a normal coin investment, they fuck off - they can't be bothered to wade through all this meandering thread trying to get a grip on it when they can put their money in another, more familiar investment. I for one am standing back from this one until things become more clear, it's just too vague at the moment. For those wanting to find out more, I found this to be the most useful document to launch my research from: http://209.126.70.170/SuperNET.pdfDid you read www.nxter.org/supernet-ico-has-started/ ?? If so, I'd like to know what concerns it leaves for you (inasmuch as a short doc can satisfy your curiosity, of course) as it may be that you're right and other potential investors want more too. |
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So, I thought the price of entry was supposed to go up each day, but it's only if the asset sells out at the price set? Shouldn't the asset be pulled and set higher than 129 now? Nobody is going to buy the remaining shares at 129 at this pace, there are just too many.
James put a large buy wall up on the AE so that it wouldn't sell out and people could start selling their assets for far more. At the moment, 129 is possibly slightly high (not 100% sure though), as the NXT price is at a 1-month high and the price is valued in BTC. Edit: I take it back! BTER price of 0.01044510 BTC / 0.000079 BTC/NXT = 132.2 NXT. So get them while they're cheap. Maybe I'm missing something but I don't see any "large buy wall" on the AE. Just a buy wall for 1443 shares (which is not much really considering how much has been invested) just over 127. Where is this buy wall you are talking about? NXT Asset exchange: 991,327 for sale at 129. There are a few for sale below that - some folks arbing or selling for a slight loss. On BTER, the amount will change as it's regularly updated. |
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So, I thought the price of entry was supposed to go up each day, but it's only if the asset sells out at the price set? Shouldn't the asset be pulled and set higher than 129 now? Nobody is going to buy the remaining shares at 129 at this pace, there are just too many.
James put a large buy wall up on the AE so that it wouldn't sell out and people could start selling their assets for far more. At the moment, 129 is possibly slightly high (not 100% sure though), as the NXT price is at a 1-month high and the price is valued in BTC. Edit: I take it back! BTER price of 0.01044510 BTC / 0.000079 BTC/NXT = 132.2 NXT. So get them while they're cheap. |
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About SuperNEThttp://209.126.70.170/SuperNET.pdf summarises SuperNET Prospective participants are encouraged to read this brief document in full! Any unanswered questions are likely to be addressed there. SuperNET is a new initiative designed to: Unite disparate cryptocurrencies by fostering collaboration Reward innovation, talent and active coin communities Share resulting benefits with CORE members and extend advantages to all cryptocurrencies Bring value to long-term SuperNET participants SuperNET will bring together a number of promising cryptocurrencies with strong tech. These CORE currencies will be able to share each others’ features through a combined wallet (based on the NXT wallet). Several additional revenue-generating services will be included in SuperNET, from targeted advertising and transaction fees from anonymity protocols to betting revenues and trading gains. Any revenues raised will be used to reward SuperNET holders, strengthen CORE coin communities by investing in development, and make improvements to other key areas of the cryptocurrency ecosystem. The price of SuperNET will be backed by its underlying cryptocurrencies. It will aim to acquire 10 percent of those coins it includes in the CORE (currently BTCD and BBR, as well as in investment in NXT-related assets). This means the price is protected from falls as holders are unlikely to sell it for less than the value of these underlying currencies. SuperNET is not a coin and this is unlike any other coin launch held to date. Additional funds will not dilute SuperNET but give it more influence and purchasing power. The majority of funds provided by participants will be held long-term until they are needed. Additional revenue-generating services are included for free and are not included in the book price – despite offering immediate additional value. SuperNET is not a cryptocurrency and does not intend to replace any cryptocurrency, including Bitcoin. As the name UNITY suggests, the philosophy of SuperNET is that cryptocurrency will be stronger if we pool resources and share strong tech, instead of assuming the same zero-sum mentality carried over from parts of the fiat economy. Clones and coins that do not offer unique features will not be included in SuperNET. Thanks Cassius. So as a potential investor in SuperNet, I can expect to make dividends/profit based on secondary services offered through SuperNet, such as MGW, privacy transaction fees, betting revenues, etc.. And my SuperNet share will be in the form of a Nxt Asset that I will hold and that I can trade at any time? As a participant, yes - you'll receive a share of any revenues earned from a network of interconnected services. (NB I'm not sure whether MGW is one of them, as James gave away most of those assets.) Yes, SuperNET (symbol UNITY) takes the form of a NXT asset that you can trade on exchanges - initially BTER and the NXT AE, though I'm sure there will be more. You will also get any capital gains from the coin portfolio increasing in value. (Of course, that could go the other way.) However, you should be protected from any major downside because UNITY is backed by the crypto held. As promising coins with strong tech are added, there should be a strong upside. Look at Boolberry, for example: if SuperNET is a success, I can't see its market cap staying at $700,000 for long. One of the things I like about this is that I don't have to worry about finding the 'next big thing' and investing while its market cap is still 6 figures - SuperNET does that for you to the tune of 10%. Somewhere around there are some reasonable worst-case risk calculations, which I think are estimated at 20% - and that's if various unlikely scenarios occur. To lose everything, Bitcoin and all crypto would have to go to zero. As a potential investor you can expect to get nothing. |
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