Thanks for the heads up. Could everyone please report the fake account so it gets shutdown. |
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I am one of the investors who didn't register on the ico website because I didn't invest with Bitcoin but I am going to swap my Btcd. Should I register too and create a Kmd address and seed? Or will there be different instructions for the swappers? Thanks
Just wait  |
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I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now. Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution. The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy. It's not perfect, but the best solution we came up with. One last query Why do you rate kmd in 0 $? I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0 Thanks You are misunderstanding something. We don't value KMD as $0. In the example used it seems https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg169856384000$ is 800% 100% is 500$ You are rating kmd 0 If you value KMD price ico. 100% subsidy is not 500 $ is 300$ more or less. As it says pondsea. Look at "The Guaranteed Subsidy" section in the same post. In the example 100% subsidy is equivalent to subtract 500 $ from the reserve by region. This will only happen if KMD is 0. Why? If there are only 8 Nodes with 100% in 1 region and KMD is at ICO price, only $ 2400 not 4000 will be paid. I'm wrong? The example is a example that was added before "The Guaranteed Subsidy" was added. At current prices the KMD would be worth roughly $190. So for 100% it would be $310 from the $4000. This means 12.9 Nodes could be paid 100% with $4000. Now if we have everyone at 88% we can paid the full 16 nodes the same. Looks like i was incorrect in my assumptions. The $4000 is including the KMD value. So it would be 8x $500 100% nodes or more with lesser %. |
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Did the snapshot happen yet or do I still have time to move all my funds to one address thanks
The snapshot date hasn't been announced yet. Being that I still have a handful of BTCD on exchanges, I'm doing my best to follow the snapshot announcement. Instead of just making a post with the snapshot date, I think updating both the BTCD ANN and the KMD ANN would be very helpful to the community. Or at least those of us still playing around on Polo and Bittrex  I'm sure you'll do that anyway, but figured I'd make the suggestion. Thank you for the suggestion. We will make it as visible as we can! |
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I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now. Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution. The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy. It's not perfect, but the best solution we came up with. One last query Why do you rate kmd in 0 $? I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0 Thanks You are misunderstanding something. We don't value KMD as $0. In the example used it seems https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg169856384000$ is 800% 100% is 500$ You are rating kmd 0 If you value KMD price ico. 100% subsidy is not 500 $ is 300$ more or less. As it says pondsea. Look at "The Guaranteed Subsidy" section in the same post. In the example 100% subsidy is equivalent to subtract 500 $ from the reserve by region. This will only happen if KMD is 0. Why? If there are only 8 Nodes with 100% in 1 region and KMD is at ICO price, only $ 2400 not 4000 will be paid. I'm wrong? The example is a example that was added before "The Guaranteed Subsidy" was added. At current prices the KMD would be worth roughly $190. So for 100% it would be $310 from the $4000. This means 12.9 Nodes could be paid 100% with $4000. Now if we have everyone at 88% we can paid the full 16 nodes the same. |
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I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now. Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution. The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy. It's not perfect, but the best solution we came up with. One last query Why do you rate kmd in 0 $? I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0 Thanks You are misunderstanding something. We don't value KMD as $0. In the example used it seems https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg169856384000$ is 800% 100% is 500$ You are rating kmd 0 If you value KMD price ico. 100% subsidy is not 500 $ is 300$ more or less. As it says pondsea. Look at "The Guaranteed Subsidy" section in the same post. |
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I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now. Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution. The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy. It's not perfect, but the best solution we came up with. One last query Why do you rate kmd in 0 $? I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0 Thanks You are misunderstanding something. We don't value KMD as $0. In USD it should be around 7.5 to 9.3 cents US per KMD based on the final rates published. The higher end if the BTC price is the main measure, the lower number if you factor in the actual value of BTCD. This of course is an intrinsic value based on investments, market will ultimstely determine the price, right? The figures that were worked out basically means that the KMD mined per node is about $190 at the current ICO price. So the $4000 is roughly 13 nodes at 100%. By lowering the %b we can get it to the magical 16  |
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It such a wasted opportunity that I have not participate in notary node election . What a great opportunity would it be. Is there another round of election after the first?
Yes but time period is not determined yet. |
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I agree that there is no way to do it any better than it was done for Zcash.
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Pegged to bitUSd, it should get higher tuneover, in theory. On a side note, playing aces in hope another decentralized garbage brings u more adoption than existing centralized exchangers is a zero sum game against bigger platforms like polo that have been around for years, and established influence on game participants accordingly. Another openledger clone? Gud lawk with that. On this scale, if a bag with libertarians bubbles and everyone goes nuts and translates all their property to openledge, it will crack apart like american democracy.
There is no true decentralized ledger right now. Openledger idea is nice but it has several issues. One is centralized and limited gateways for taking things out of open.btc or open.*, and there are tons of coins there without direct gateway or bridge to get it out. Problem with bitUSD is explained by waves faq: "The second difference is the feasibility of the “market peg” approach. This is of course open to discussion, but one may objectively evaluate the success of that approach by looking at the history of their most praised market pegged crypto-asset, namely, BitUSD. I doubt if any big corporation in the future will ever decide to rely on the idea “if everyone thinks something is worth 1 USD, then that thing is forced to be worth 1 USD.”" Not that waves is any better. It has to be direct blockchain to blockchain connections. Forget fiat, even crypto to crypto decentralized exchange isn't done yet. Bitsquare, for example, relies on every altcoin transaction being checked by users which takes up to 24 hours for me. That is not attractive for liquidity at all. If you can have polo without the uncertainty of which coins they will add, withdrawing more than 2k usd per day, worrying about keeping coins on an exchange and given an IOU like polo.BTC instead of your own wallets, it's easy to see a real working decentralized exchange taking off. Hell, I could provide liquidity for my favorite pairs myself. This will blow you away... Look up PAX from komodo. Decentralized pegging to 32 currencies based on ECB information and other data points. It will have atomic swaps as well and instantdex liquidity providers that will act as gateways to exchanges. |
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well, if you are interested, on their twitter, they did posted few news. one of them i found very interesting. https://www.cryptocompare.com/coins/guides/what-is-the-komodo-platform/so far, enough explain. they should get their homepage updated and get some kind dev progress. i tried compile their node from github, found some major issues. i'll try tmr with my office server. Im interested what issues? We have been running the code for nearly 2 months, it is pretty stable now. |
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when will there be a desktop wallet?
Focus is to get the network up and running. Once that is done desktop wallets will be the next step. |
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I have also invested some in komodo as i think komodo have some potential but when i came to know that we need to have own bitcoindark wallet installed in our machine to get KMD, i was surprised. Installed wallet on windows machine but still under 30% of sync in 12 hour. This is really pain in ass situation, can't we just hold those bitcoindark we will get in poloniex wallet? If i do so what i will loss.   If you invested in komodo via BTC you do not need a bitcoindark wallet. If you have BTCD, the komodo ICO website will have a way to deposit your BTCD for the snap shot. |
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I am downloading bitcoindark wallet and successfully sync upto 40% around and switched my laptop off. When i again tried to start my wallet i am gettting Error loading blkindex.dat Please anybody help me, i am trying to install it to get KMD tokens. NOTE: i am using windows QT wallet on windows 7. The ICO website will have a way to allow people to deposit BTCD for the sake of the snapshot. So if you cant get this to work there should be a alternative. |
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KMD will be a rare gem of investment. Lucky for those who got into it now. By the time the ZCASH pump starts early next year, KMD will be ready with all the bells and whistles. Guess what will investors buy 1 ZEC at 100 dollars or 1 KMD at 1 dollar?
Singing a new tune now eh  |
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THE ICO HAS ENDED
35% bonus: 500 BTC
30% bonus: 0 BTC
25% bonus: 980 BTC
20% bonus: 606.84 BTC
15% bonus: 286.70 BTC
10% bonus: 38.18 BTC
05% bonus: 21.34 BTC
00% bonus: 200.98 BTC
Total BTC raised: 2634.04 BTC
Total BTCD swap: 8392.727 BTC
Total Market Cap: 11,616 BTC = $8,600,000
--> KMD exchange rate = 0.000129 BTC/KMD = 7747.9 KMD/BTC
--> BTCD exchange rate = 0.006511 BTC/BTCD = 153.59 BTCD/BTC
Wow! Much thanks to the BTC investors for helping raise the btcd swap rate from .0052 to .0065!! That's a bump of approximately 20%  Also BTCD is still available for purchase at around 0.0042 at poloniex which means people can still get Komodo at almost more than 50% bonus even though the ICO is over now. The market values all BTCD in existence at $4,089,676 according to www.coinmarketcap.com. So the real Total Market Cap of Komodo based on the market is = 2634.04 BTC * (~$727) + $4.089M = $6.00M Now of course when it hits exchanges, the market will decide how much of a premium the team and idea are worth. Market value does not take into account the premium for BTCD holders. Actually it's the opposite. The declared market value by Komodo team erroneously takes into account the premium for BTC holders which it should not. You don't get to just decide to add a premium onto something and then that means the market cap is worth more now. That's not how it works. The market has already decided (through demand) that BTCD is worth $4.089M. Even more telling is that there is a clear 50% premium being offered on BTCD. If that was a real arbitrage then traders would come in and buy BTCD to that price level of 0.006 (which is not happening because the market values BTCD at $4.089M). To say the market cap is higher simply because you are offering more Komodo for BTCD is akin to being Donald Trump and declaring you are now worth more billions because of some arbitrary factor like how you feel that day. You are assuming the market understands that there is a fundamental shift in BTCD and the premium it now carries. If that were true people would have bough into BTCD instead of BTC at 0%. Lol. You literally have no idea what you are talking about. Why would someone invest at 0% when buying BTCD would be 50% if everyone had known about the difference in pricing? If you can explain why someone would do that even though they had this information then i will concede. Otherwise we can agree to disagree. |
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There are only ~104 BTC worth of BTCD available for sale up to 0.006 on Poloniex right now. Peanuts.
And that is fine, if someone comes in and buys 104 BTC worth of BTCD then yes, the market cap of Komodo will be worth more. But until that happens the true market cap is $6M. It was more of a reply to the perceived large discount that was mentioned earlier. What you're saying is clear! My bad. Can someone explain this to me who might know. When they say 500 BTC was raised at 35% bonus (assuming it's 1 investor for sake of this question) does that mean they will be getting allotted Komodo as if they contributed 675 BTC (500 * 1.35) or does that mean someone contributed 370.37 BTC and is getting 500 BTC worth after the 35% adjustment? I'm asking to try and better understand what we are likely to see when this coin hits exchanges. Im pretty sure it was 500 before bonuses but the team can confirm. The BTC raised was 2636 not including bonuses. |
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THE ICO HAS ENDED
35% bonus: 500 BTC
30% bonus: 0 BTC
25% bonus: 980 BTC
20% bonus: 606.84 BTC
15% bonus: 286.70 BTC
10% bonus: 38.18 BTC
05% bonus: 21.34 BTC
00% bonus: 200.98 BTC
Total BTC raised: 2634.04 BTC
Total BTCD swap: 8392.727 BTC
Total Market Cap: 11,616 BTC = $8,600,000
--> KMD exchange rate = 0.000129 BTC/KMD = 7747.9 KMD/BTC
--> BTCD exchange rate = 0.006511 BTC/BTCD = 153.59 BTCD/BTC
Wow! Much thanks to the BTC investors for helping raise the btcd swap rate from .0052 to .0065!! That's a bump of approximately 20% Also BTCD is still available for purchase at around 0.0042 at poloniex which means people can still get Komodo at almost more than 50% bonus even though the ICO is over now. The market values all BTCD in existence at $4,089,676 according to www.coinmarketcap.com. So the real Total Market Cap of Komodo based on the market is = 2634.04 BTC * (~$727) + $4.089M = $6.00M Now of course when it hits exchanges, the market will decide how much of a premium the team and idea are worth. Market value does not take into account the premium for BTCD holders. Actually it's the opposite. The declared market value by Komodo team erroneously takes into account the premium for BTC holders which it should not. You don't get to just decide to add a premium onto something and then that means the market cap is worth more now. That's not how it works. The market has already decided (through demand) that BTCD is worth $4.089M. Even more telling is that there is a clear 50% premium being offered on BTCD. If that was a real arbitrage then traders would come in and buy BTCD to that price level of 0.006 (which is not happening because the market values BTCD at $4.089M). To say the market cap is higher simply because you are offering more Komodo for BTCD is akin to being Donald Trump and declaring you are now worth more billions because of some arbitrary factor like how you feel that day. You are assuming the market understands that there is a fundamental shift in BTCD and the premium it now carries. If that were true people would have bough into BTCD instead of BTC at 0%. |
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THE ICO HAS ENDED
35% bonus: 500 BTC
30% bonus: 0 BTC
25% bonus: 980 BTC
20% bonus: 606.84 BTC
15% bonus: 286.70 BTC
10% bonus: 38.18 BTC
05% bonus: 21.34 BTC
00% bonus: 200.98 BTC
Total BTC raised: 2634.04 BTC
Total BTCD swap: 8392.727 BTC
Total Market Cap: 11,616 BTC = $8,600,000
--> KMD exchange rate = 0.000129 BTC/KMD = 7747.9 KMD/BTC
--> BTCD exchange rate = 0.006511 BTC/BTCD = 153.59 BTCD/BTC
Wow! Much thanks to the BTC investors for helping raise the btcd swap rate from .0052 to .0065!! That's a bump of approximately 20% Also BTCD is still available for purchase at around 0.0042 at poloniex which means people can still get Komodo at almost more than 50% bonus even though the ICO is over now. The market values all BTCD in existence at $4,089,676 according to www.coinmarketcap.com. So the real Total Market Cap of Komodo based on the market is = 2634.04 BTC * (~$727) + $4.089M = $6.00M Now of course when it hits exchanges, the market will decide how much of a premium the team and idea are worth. Market value does not take into account the premium for BTCD holders. |
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I have to say I'm quite disappointed with the team in using an inflated BTCD price. There is a higher risk to invest earlier for a higher bonus, but now people can invest with 50% bonus at the same risk level as those with a 0% bonus. Someone correct me if I'm wrong (I would love to be wrong).
The pricing for BTCD was given at the onset of the ICO, so it was known. The ratio of the funding that is coming from BTCD was not expected but that is not something the team can control. If the markets were logical, BTCD would be at 0.006 right now, but it isnt. There still must be a benefit to investing in BTC. Why did lots of people choose to invest with 0% bonus rather than with 50% bonus obtained from buying BTCD? If BTCD price was at 0.006 then investing in BTC would have obtained benefit right? No one can stop others from offering 50% discount. If they are still offering this when KMD comes out i will buy all of it myself. BTCD price wasn't at 0.006 BTC when the 0% investors decided to invest using BTC, so they knew they wouldn't have obtained a benefit. Forgive my confusion, but if you wanted the cheap rate, why don't you just buy it now? Sorry i edited my post. Basically investing via BTC may have been an easier option or they didnt really look/read into other options to invest. I am a bit tapped out, waiting to buy more BTC. |
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