Stop trolling. Its just as safe with me as it is with you, as we are both unknown, unverified people on the internet. I know its all good to say your a millionaire and just gave away millions blah blah, but I can also speak those words. Im just saying the community would feel safter if you identified yourself or had some sort of proof of identity.
Even if you disregard the supernet for 2 seconds, you all still have 100s of btc worth of bitcoindark in premine at this stage. We would all feel a little safer if you had verification. If the community is reading this, dont be a pansy, and if you agree with me, voice it, +1 me. Just to show james its not just me that would like POD.
-suchnekky
1) Risky... 2) But it's not true in your case, and everyone knows it. jl777 is well-known in the NXT and BTCD communities. Regardless of identity (which counts for little either way, if you've ever heard of bluemeanie, Karpeles, some guy called Satoshi Nakamoto, etc, etc), there is an alignment of interests here. Running away with his stake - even if that were possible - would render it worthless. For those unaware of James' reputation, this is a powerful argument. |
|
|
|
1. The price on Nxt Ae and on Bter is exactly the same?
2. Where you can see which coins participate on SuperNET?
1. no 2. signup to thesupernet.org newsletter You are crazy  The people should invest in the supernet, but do not even know which participate coins? What if I invest now and to the conclusion comes out that only 1-2 coins Participate? each investor must trust only you? Good grief man could you at least do some minimal reading on it? Face. Palm. |
|
|
|
Brief overview of SuperNET sale process. Hopefully this will answer at least some common questions. SuperNET fundraising processSuperNET will be available on BTER and the NXT Asset Exchange (available within the client downloadable from www.NXT.org, or see www.secureae.com for browser version). BTER will sell a SuperNET token (symbol: TOKEN) which will be exchanged for the UNITY asset at the end of the process. (TOKEN may not be withdrawn until it has been converted to UNITY. They may be traded if desired.) A similar token will be available on the Asset Exchange, which will also be exchanged for UNITY at the end: Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM Official SuperNET TOKEN asset: 15641806960898178066 Beware of any SuperNET related asset issued by any other accountTOKEN can be purchased in BTC, NXT and BTCD. There will be a 5% discount on the BTC price for purchases with NXT and BTCD. The discount will be calculated from a 24-hour moving average. This does not take into account any fluctuations in the price of NXT or BTCD over the course of the process.In addition, there will be an 'early bird' discount of 15% for the first investors. This amount will slowly decrease to zero over the next two weeks. Pricing will be adjusted automatically on BTER but manually on the NXT Asset Exchange, hence may not be as smooth. There is no limit on the amount of TOKEN available overall, though there may be short-term restrictions on TOKEN available at a given price if volumes are very high. If a large number are sold, this does not dilute other buyers' holdings, since SuperNET is backed by the cryptocurrency paid: SuperNET is not a cryptocurrency and this is not like a typical coin offering. (SuperNET is a basket of cryptocurrencies and revenue-generating assets than can be considered more like a closed-ended mutual fund.) The fundraiser will start at 14:00 GMT Saturday 6 September. It will continue for 2-4 weeks in total, for as long as there is sufficient interest. At the end, all TOKEN will be converted to UNITY, which can be withdrawn to a NXT wallet or traded on the AE, BTER and other supporting exchanges. For further information about SuperNET, please see http://thesupernet.org/superNET.pdf |
|
|
|
I am just doing the best I can considering the circumstances and I appreciate your understanding. I do apologize for the inconvenience and will do my best to make sure you will be happy for supporting the SuperNET UNITY cause
If you have any questions at all, please ask. I am in no condition to do any coding for some reason, so I am just doing support posts.
James
Too much coding and lattes. Take some time off and do something relaxing like creating a vast network of hi-tech coins and integrated revenue-generating services in less than a fortnight. Because many people are asking questions that have been asked (and answered) before, here's a short digest of some of the key points. You and others may want to add or edit it but it may be useful to wheel out now and again over the course of the next few hours and weeks... 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 available from BTER and NXT Asset Exchange as a token (name: TOKEN) that will be exchanged for the asset UNITY at the end of the fundraising process. UNITY is a NXT asset that will trade freely on the AE and exchanges after the fundraiser. Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM Official SuperNET TOKEN asset: 15641806960898178066 Beware of any SuperNET related asset issued by any other accountSuperNET 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. For a short summary of the SuperNET philosophy, see https://www.youtube.com/watch?v=gpevZ0-wUYQ&list=RDgpevZ0-wUYQ#t=0 |
|
|
|
So, if I invest in SuperNET in NXTAE, will that make me an investor, or shall I have to invest in ICO conducted by the BTER, to qualify myself as an investor..
BTW thanks James, bcoz of u, my 1st mining experience was awesome. (Mined for BTCD from the beginning)
Buy from BTER as the rates will be better. Marginally. NXT AE is more secure. Pros and cons. I'll be buying with btc on BTER, nxt on AE. |
|
|
|
BTER acted very well in the last two hacks.
Are you saying exclusive rights to them (see PM about CCEDK)?
Bter is most gracious and embracing of UNITY They are open to and inviting of all other exchanges that are operating free of "protection for its citizens" regimes All they have to do is have a decision maker for the exchange to PM me James Excellent, I have asked Ronny to PM you. He seemed interested.  |
|
|
|
|
BTER acted very well in the last two hacks.
Are you saying exclusive rights to them (see PM about CCEDK)?
|
|
|
|
What's the status of the BTCD website, by the way? I think BTCD is going to be getting a lot of notice in the coming days and weeks.
Gitbknowsall and fig roll are working on the site. I'm sure one of them can give an answer. Shout if you need some content. I think I owe btcd a few pages for free |
|
|
|
|
What's the status of the BTCD website, by the way? I think BTCD is going to be getting a lot of notice in the coming days and weeks.
|
|
|
|
Nice view of Monero in the rearview mirror. Wonder if it will stay that way  |
|
|
|
1. I can transfer this token from NXT AE to BTER and back?
The actual asset itself, UNITY, yes. There is an intermediate asset TOKEN that will be issued until the end of the process. And this token can be tradet then at every exchange which accept this TOKEN? 2. At launch there would be a wallet which includes every coin inserted in the SuperNET?
As I understand it, yes. It will be based on the NXT wallet, with shared functionality of all the coins' features. But others will be able to say more about this. Are you sure? A NXT based wallet which i can deposit/withdraw every coin in the included in the supernet? Then would be superfluous the NXT multigateway!? MGW will deal with many more coins that the wallet. Litecoin, for example, and Dogecoin, are unlikely to make it into SuperNET... |
|
|
|
1. I can transfer this token from NXT AE to BTER and back?
The actual asset itself, UNITY, yes. There is an intermediate asset TOKEN that will be issued until the end of the process. 2. At launch there would be a wallet which includes every coin inserted in the SuperNET?
As I understand it, yes. It will be based on the NXT wallet, with shared functionality of all the coins' features. But others will be able to say more about this. |
|
|
|
It's all happening!!! NXT is on the rise across all exchanges.... peeps trying to save their 5%. Glad i purchased NXT early So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period. This is going to be interesting, no doubt why the end? isn't there a daily bonus, decreasing each day... or is that no longer? Yes there is, but if NXT continues to become more valuable, you may be able to purchase more tokens towards the end of the IPO. I haven't done any math, was just thinking this may be the case ahh right, the price of the token continues to rise as well to the end of the ICO as well right? Yes, assuming you're buying tokens with NXT, as long as the ROI of NXT during the IPO is greater than the ROI of the tokens, it would be a better deal to purchase at the end of the IPO  EDIT: Obviously, the same would be true for purchasing with btcd. I can't let go of my precious btcd though  Cross-posting from NXTforum as I'd like some thoughts on this:
This seems to be the consensus.
But what about the people who buy NXT but don't care about SuperNET? Just regular traders - many of whom jump on a bandwagon, wait for one wiggly line on a chart to cross another, or let a bot do it for them? 14 days of consistent rises are surely going to attract their attention.
I can't work out whether they will spike NXT price, or whether the SuperNET purchases will drag them back down to the moving average. If the former, it would make sense for some whales to put up large walls on the exchanges. That will create some stability, let them cash out at a good price and improve the distribution problem we keep hearing so much about.
|
|
|
|
I do not understand how the SuperNet will work exactly! Can someone explain to me?
Read the SuperNET doc at thesupernet.org |
|
|
|
I have a few questions about shortBTCD
OK, I understand that if BTCD goes down by 10%, shortBTCD goes up by 10%
If lets say I have 10BTCD what is the equivalent of this in shortBTCD in order to receive for example the -10% loss of BTCD ?
Is shortBTCD in an exchange? Where do I sell/buy/trade it?
To buy it for the first time, do I have to send NXT ?
ShortBTCD is traded on the NXT asset exchange. Its current target price is just over 80 Nxt (based on BTCD/BTC at an average price of 0.01086 as I type). With Nxt at 0.000635 BTC, each ShortBTCD would therefore be worth about 0.005 BTC at the moment. If you wanted to hedge 10 BTCD (~0.1 BTC), then, you'd need about 20 ShortBTCD. Of course these calculations change as BTCD/BTC and NXT/BTC fluctuate (which they're both doing at the moment). Edit: Also, please make sure you understand the calculation methodology for the intraday and daily price changes before buying. The asset tracks the inverse daily percentage gain, which mathematically can diverge from the aggregate inverse percentage gain over time. Details at the discussion thread.OK, things are more clear now. Where is the NXT asset exchange? thanks Within the downloadable client (NXT.org) or head to secureae.com for the browser version. |
|
|
|
Not an IPO. Voluntary participants donating funds in return for a requirement on them to work hard for no guaranteed rewards.
Presumably it will be possible to buy tokens on BTER, and withdraw the tokens to NXT wallet to be converted to UNITY there, rather than waiting until the end of the month for BTER to autoconvert to UNITY and withdrawing that? (Because of the problems with leaving large amounts of money on centralised exchanges, and all...)
the TOKEN in bter is there only to be exchanged with the SuperNET, so if you are worried about leaving the funds there just buy on the last day. Thanks for clarification. BTER TOKEN is only to be exchanged by BTER, hence cannot be withdrawn. |
|
|
|
|
Not an IPO. Voluntary participants donating funds in return for a requirement on them to work hard for no guaranteed rewards.
Presumably it will be possible to buy tokens on BTER, and withdraw the tokens to NXT wallet to be converted to UNITY there, rather than waiting until the end of the month for BTER to autoconvert to UNITY and withdrawing that? (Because of the problems with leaving large amounts of money on centralised exchanges, and all...)
|
|
|
|
There is some demand for hearing the hottest news about various things, like what coin will get added next
so from now on I will say just sign up for the newsletter at thesupernet.org
such informations will be sent out via this newsletter
James
So we have white papers, dark papers and now....... super papers??? Nice paper for prospective volunteers James, it's very well written! thanks, but it is cassius who has the skills Nicely done cassius Thank you!
Was this paper posted yesterday, I see the date is 9/3......completely missed it
James may have used his time machine to ask an earlier version of himself to debug Teleport while he went for a latte. Also there were a couple of iterations with minor refinements, plus some antisocial hours worked and different timezones, so the date I put on it may not match when it was posted in your timezone. |
|
|
|
|
UK-based elliptic.co provide insured storage, though it costs a little. Not sure how much as they've changed their terms but I think it used to be 2% per year. They look very professional.
|
|
|
|
James, looking forward to your response on this:
Considering you already run quite a lot of assets on NXT exchange, how will you ensure segregation of funds/coins?
Separate accts to hold all the SuperNET coins/assets publicly viewable of course Ok cause when I read the pdf you posted in OP, it says BBR - 10% marketcap requires 80BTC has already been acquired. And then further down it seems it was done via sharfund0 and not with supernet money (I know the IPO is yet to start). So while there isn't any issue with cross marketing/additional revenue generating services, it is misleading to say 10% of BBR is already acquired (by Supernet). I see the confusion. you can blame cassius for this we will update it to clarify that sharkfund0 has acquired the 10% of BBR and that it is expected that the majority of sharkfund0 will go into the SuperNET core Oops, sorry about that. My bad.  James - email sent with updated version. |
|
|
|
|
Show Posts
