Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?
You're going good, keep going  So point is, potential crazy feedback loop spikes BTCD and NXT (BTCD particularly, with its far smaller market cap), meaning that any advantage of buying early at 15% discount is insignificant compared to the appreciation of BTCD against BTC in that time. So how do you choose when to buy? Get in early with one tranche, then save some for later when BTCD might have shot through its ATH? I dont think this should happen at all. do the math as soon as the price of BTCD goes up more than 5%, then you are getting more TOKEN with BTC Ah yes, I suppose it would keep getting dragged back to the 24-hour average rather than the spot price. Some gentle effect, perhaps, but nothing problematic. |
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Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?
You're going good, keep going So point is, potential crazy feedback loop spikes BTCD and NXT (BTCD particularly, with its far smaller market cap), meaning that any advantage of buying early at 15% discount is insignificant compared to the appreciation of BTCD against BTC in that time. So how do you choose when to buy? Get in early with one tranche, then save some for later when BTCD might have shot through its ATH? |
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Ok, trying to focus here. Pics not helping.
Asset is denominated in BTC but there is a 5% bonus for buying in NXT or BTCD.
Since tokens purchased will be converted from NXT/BTCD to BTC at the time of purchase (by moving average rate), it makes sense to buy NXT/BTCD just before the time of purchase with BTC to gain the 5% bonus.
AFAIK, NXT and BTCD is not being converted into BTC. No, not after tokens are bought. SuperNET will hold them as-is. But it makes sense for buyers to convert immediately before purchase to gain the 5% discount. Raising NXT/BTCD prices. Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going? |
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Ok, trying to focus here. Pics not helping.
Asset is denominated in BTC but there is a 5% bonus for buying in NXT or BTCD.
Since tokens purchased will be converted from NXT/BTCD to BTC at the time of purchase (by moving average rate), it makes sense to buy NXT/BTCD just before the time of purchase with BTC to gain the 5% bonus.
So why would anyone pay with BTC? Why would they not move the BTC to the exchange then buy NXT/BTCD immediately before buying the UNITY token with it?
As a result, does this mean we are likely to see a slow and steady appreciation of NXT/BTCD against BTC over the course of the donation process - which might well offset the effect of the incrementally decreasing discount, especially if there was a feedback loop as NXT/BTCD continued to appreciate?
Is buying in tranches over the course of several days a wise response to this possibility?
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Questions, when all the shares are sold, how can they be worth more? I mean, how is that calculated? The more coins join in the more dividend? Can someone shed some light over this?
The asset is backed by the underlying value of the coins, so it shouldn't fall (you'd be selling coins at below-market rate effectively). That's what constitutes the purchase price ALONE. The additional revenue-generating services are thrown in for free. Add any appreciation of coins that comes with being added to SuperNET (see Boolberry) and the bonus of having the purchasing power to buy at below-market rates, and there's an immediate bump. |
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Everybody is hodling for what lies ahead.  But not buying? If only to take advantage of the 5% discount? Curious. The Supernet shares are not available yet, expect an increase in BTCD demand the minute it goed live on Poloniex. So why not buy at current prices and frontrun the demand? |
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Everybody is hodling for what lies ahead. But not buying? If only to take advantage of the 5% discount? Curious. |
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I have an economical question here about the investment - purely from a greed standpoint  We can all agree that Ethereum is going to be a huge dump, EVEN if its the best coin ever, the price of Ether is going to drop like a stone because there is so much of it and so many people had a chance to buy. So Ether will be cheaper (probably much so) within the first 6 months (probably much less) than it was in the IPO.What is to stop the same thing from happening to SecureNet? Yes, the CORE coins could grow in value before release, increasing the value of the SuperNet asset. But if this is really the 2nd largest IPO in history, how the heck will the asset price stay afloat the first few months or days? And what if for some reason the Core coins decrease in value (post IPO dump?) after the launch of SecureNet? I'm just playing devils advocate here. Please feel free to delete this post. Disagree, you will never get your hands on Ether for IPO prices. Ethereum raised $15 million (31k+ BTC). That's a lot to live up to. Not impossible, but it had better be good. And a nice target for SuperNET. Edit: UNITY should not crash below buy-in price as it's backed by the currencies it holds, which will be long-term HODL. People would effectively be selling for below-market rates. (Presumably there won't be a redemption mechanism to convert a UNITY share back into its component cryptos and additional assets, but I don't know how this would affect the price.) |
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wow!!!i just can't believe that BTCD is smoothe on the 100Ksat Good job! Yes, very curious about recent stability. Perhaps SuperNET has calmed hostile whale games for a while? |
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Just a stupid question How do I set a password to lock the windows wallet? Settings / Encrypt wallet or File / Sign message ? Settings / Encrypt wallet thanks!!! Something I've been meaning to ask: it has been said that this password should be 'strong' (as, of course, should all passwords, as you already know). Does that mean 'strong' as in typical password strong, 8 random alphanumeric characters, or 'Strong' as in NXT passphrase 35 random characters? |
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I like Poloniex for this.
Two questions (I don't think these have been answered already):
1) What if everyone invests on day 1 and gets a 15% discount? Who pays for it? (Unlikely but it's reasonable that a large proportion of money will come in on day 1 and less and less after that).
2) Will a proportion of revenue be retained by SuperNET to fund future coin purchases?
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how do you guys buy btc with fiat?
any fast international website which is good and trusted?
I want some ASAP to exchange with btcd
I know localbitcoins but nobody sells here with meeting
Depends where you are. In the UK we have a couple of sites like Bittylicious and BitBargain that (for 5-10% premium on Stamp) will send you coins in return for direct bank transfer or mobile phone payment. |
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Apologies if this has been discussed already. I've been out of circulation for a fortnight with almost no web access.
I'm curious about the economic effect of the ipo.
Ethereum has been blamed for sucking btc out of the system and causing a brutal bear market in the alts. Would this be the reverse of that? Btc used to buy selected anon-alts, significantly boosting their prices. Plus the supply/demand effect of tying up thousands of btc-worth of coins in cold storage. Alts like Litecoin get hit both ways - sold as a vehicle to buy SuperNET shares and then excluded from joining the network.
Thoughts?
i think coins lacking innovation will suffer, which is good in my opinion. like you said, coins that aren't part of SN might be sold by people looking for funds to invest with. some people will reject this, ie hodlers of forks. they will write off SN as some giant "ponzi scheme" or whatever terminology. which is also good; the crypto world doesn't need people who are afraid of change. we're seeing technological innovation in this specific sector happening extremely fast (EXTREMELY!!). i think we'll see a fair amount of people and coins get flushed out with the advent of SN adapt or perish... The market should start doing the following: 1. evaluate the coins they own to see if it has any unique features and if not, then I apologize to them for what is about to happen. If they are reading this, then hopefully they can get better price. 2. they can then look for coins with good unique features and a good community to target the coins most likely to become part of SuperNET CORE. it is risky as all the coins look like they will be saying they will get into the CORE, but the people that can properly evaluate the odds, could make some good money 3. they can just buy at IPO and wait for only the actual deals, which SuperNET benefits from and also collect the future dividends. 4. Some NXT assets will also become part of the CORE, and could well start trading on some exchanges The expected size of offering and thus the userbase of SuperNET is getting pretty large. With the expected value of the future dividends being proportional to the number of users, the larger the IPO, the more the expected value and the higher the expected book value multiple upon trading (up to some saturation limit if it really goes crazy high, but this is not so likely as there is no fancy marketing stuff, just my ramblings) James P.S. for those who are worried that SuperNET will somehow compete with BTCD, I hope you are understanding properly now. People should know , SuperNET does not compete with BTCD. BTCD is heart of SuperNET. is there a competition between the body and heart? Never always a healthy heart keeps body in the best condition.  Sorry - there's been a misunderstanding about my post (not surprising, I was exhausted after travelling all day when I wrote it on my phone - never the best time or way to make a point clear). The idea was that the SuperNET IPO would actually benefit various coins, in exactly the reverse way that Ethereum had damaged them - over and above any intentional effect it had on a coin's value. By pulling money into bitcoin via Coinomat, purchasing key alts and restricting their supply by hodling, it aims to do almost the exact reverse of what Ethereum did in its IPO. |
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Does anyone know how much Ethereum's IPO has raised? I think it's over 30k BTC now but am not sure.
Would be nice to have a benchmark...
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I will be going offline for a while
need to beef up security
What do you mean? Related note: BTER got hacked for 50m NXT a while back. Last I heard they paid 300 btc to get it back. If the SuperNET IPO goes well then Poloniex will be a massive target since there will potentially be million of USD worth of crypto sitting there. Can we confirm their security is rock solid, and then some? |
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i'm quoting this so I can laugh my ass off in a couple months i've laughs my ass off with darkcoin, cloakcoin and viacoin but Bitcoindark is the worst scam of all... teleporte, superwarp, supernet, umbrella net.... LOL the best sci-fi ever You forgot the pirates. Never forget the pirates. It upsets them. |
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Apologies if this has been discussed already. I've been out of circulation for a fortnight with almost no web access.
I'm curious about the economic effect of the ipo.
Ethereum has been blamed for sucking btc out of the system and causing a brutal bear market in the alts. Would this be the reverse of that? Btc used to buy selected anon-alts, significantly boosting their prices. Plus the supply/demand effect of tying up thousands of btc-worth of coins in cold storage. Alts like Litecoin get hit both ways - sold as a vehicle to buy SuperNET shares and then excluded from joining the network.
Thoughts?
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Donated 25. Worth twice as much as when I left 2 weeks ago (Shame NXT and BTC are taking a kicking...) Just catching up on developments. Fantastic stuff and looking forward to learning more. |
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Yes, totally - but what would require a new backup? New address added? Anything else?
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I just download the wallet i can make a backup ( this will be a .dat file ) but where can i import this file iff i need to ?
if you are on a windows 7 computer this is the path C:\Users\youruserername\AppData\Roaming\BitcoinDark replace yourusername with your computer user name and the file is wallet.dat Thanks, been trying to figure this out! I just found the one -qt file. NB AppData is hidden. Open Explorer and type %AppData% to find it. A lot happier knowing I can recover my wallet if I need to now. Out of interest, what's contained in the wallet.dat file, and how often should I backup? I am not sure if I am correct but backing up your wallet is not necessary if you don't create new receiving address and receiving coins with that new address. So, I think backup is only necessary if you receive coins in a new address. I highly recommend using a strong password to lock your wallet too. Sure, but what happens if the computer you're running the client on gets stolen or damaged? How do you restore your wallet? |
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