Stop trolling ...

"dPoW is a hybrid version of proof of stake where KMD investors get to decide who runs NN"

Why do you want to confuse people? I know what dPoW is, and how PoS works, don't be so literal, otherwise you are just trolling

NN selection is STAKE BASED

edit: if I said dPoW is a version of PoS you would be correct, but I didn't say that. You are trolling to suggest otherwise

Ok, give a definition of dPoW without mentioning how the notaries are selected then, is that how you propose to rid people of confusion?

You must be a troll, anyone doing DD who doesn't appreciate 64 NN are elected based on 1KMD = 1 VOTE would call komodo a scam shitcoin,

"proof of jl777's buddies in discord"

KMD investors decide who runs 64 notaries, so saying dPoW is a HYBRID VERSION of PoS is valid IMO

1 VOTE = 1 KMD

+1

dPoW is a hybrid version of proof of stake where KMD investors get to decide who runs NN

will be awesome when someone sets up a community node, my prediction is when kmd hits next ATH NN profits will be high enough to pay operator a good salary with plenty left over for small hodlers to share some of the spoils, but with bear market prices the main priority is 64 reliable notaries running 24/7

What's going on with the Coinomat swap?

comon @sasha, details asap, it's 'next week' now

I'm going to give my VOTE to PIRATE and kmdlabs

I never got a reply from sasha but good to hear that you did with some details of when the swap will happen - Soon!!

I'm not saying running a NN is easy, but ~1500 KMD easy mining returns per month is a great income for a sys admin even at the bottom of a bear market, but what about during the next bull run when KMD reaches the next ATH?

Do the math, NN income could be +15K USD a month in a couple of years (it's almost a certainty with all the recent progress), and as long as the operator stays in the top 50% they never have to face another election, and they get to keep those profits even if they contribute nothing back to the community. They could go fully dark, do nothing extra for the community, and dump their KMD profits for Doge every month and nobody could stop them.

There's a price point for KMD above which NN profits become ridiculous for the work involved, that's why community pools are the way to go, KMD holders get the profits and have the incentive to invest back into the community.

Just hope it's not too late this year, otherwise 2020!

P-trump is just pointing out the obvious, what sys admin wouldn't like living off easy mining NN returns for a few years without having to put up any collateral like with a DASH masternode or NEM supernode?

The problem of NN concentration and centralization where early adopters lock up multiple NN's in multiple regions is real, and the solution is community nodes, trump even tried last election to set one up.

all trump is doing is pointing out to KMD investors that they shouldn't be handing out FREE notaries to teams who aren't contributing to komodo, and there's money on the table from NN easy mining for any community pool that can collect about 1M votes

It's not rocket science, NN profits should go to community members who contribute, or KMD holders, not sys admins who might not even own any komodo and do nothing other than run a bog standard NN, and do nothing else for the community

Many ask this same question for 2.5 years now, why does Sasha ignore Coinomat investors ... only he knows the answer!

Best way to get some PIRATE is join a pool and rent some miners from nicehash, no need to wait for an exchange, and discord OTC sellers are driving the price a bit too fast, you can be setup with a pool and nicehash in about 15 mins

https://pirate.black

Yeah, any news .... I WANT MY MONEY BACK!!!!

Is there any criminal prosecution of Coinomat scammers yet?

Exactly, being able to offer small entities anonymous trading platform with bitcoin level security is a killer feature, last year my partner inherited 0.5% of a third generation family business worth over 20 M USD but can't access any of the funds as selling even a fraction is extremely difficult, and with under 150 shareholders the current system they use is a spreadsheets on an old Windows XP box managed by an elderly relative in a retirement home, seriously, they don't trust accountants.

Thanks! I just want to see komodo platform adoption grow, and these super private AC tokens have many legal applications especially if dPoW could give them bitcoin level security,  so I hope dukeleto is successful.

One application that I thought of is for shareholder registries for private companies that need to be fully anon for obvious reasons, but also need the highest grade security in crypto which is dPoW. In this scenario the private company would need a fixed token amount set at launch, and if they could pay for dPoW fees with kmd, then they could convert their share registry over to an AC that allowed shareholders complete privacy, but max security. If this was possible this tech could spread rapidly.    

https://www.fool.com/knowledge-center/how-to-sell-privately-held-stocks.aspx

Ok, I saw discussion in discord that sounded like notarization of these private z only assetchains was possible with some modifications, if that isn't correct then any airdrop would have to be less than full coin supply, leaving room for miners. Can't see a problem with kmd holders signing their private AC address to claim an airdrop though, but maybe I'm missing something. The other obvious alternative is allocate a proportion to Supernet from the start, a standard premine, could be 25%, then mine the rest.

If there is a way to distribute one of these z private AC tokens widely to current supporters of the komodo platform it would solve one of the problems all crypto have, adoption, so I think it's  a worthwhile goal.

Airdrop would need to be claimed, recipients sign their zk snark only AC address with their kmd private key to indicate what their KMD balance is on the snapshot date. Bitcore BTX used this method for their bitcoin airdrop, so it requires user action to claim, not automatic like btc:bch

That would work, right? Is the problem you see from notarising?

Good point, afaik the tech for z-only assetchain is basically complete so an airdrop would create a mature coin with nothing to do other than spread adoption asap



I can't think of any reason this tech needs mining for distribution, security comes from dPoW

Z-only komodo asset chains could easily become the next big thing in crypto,

- the anon tech is best available
- dPoW gives bitcoin level security
- asset chains are easily scaled and independent

So all the big issues are solved, the Komodo ecosystem is growing stronger every day so we can be confident that asset chains launched on kmd platform can last for many decades. There will probably be many tokens launched similar to PIRATE with slight tweaks to things like coin emission and marketing, so PIRATE could stay the way it is, and let the market and community decide what happens with adoption of each z-only token that gets launched. Innovation is well served by creative imitation!

I know you worked hard on komodo for many years, you have a reputation as a hard working contributor who has done a lot to make komodo successful. Getting negative feedback can hurt, but it's honestly given, everyone here dreams of stacking a bag of a future top coin @ fractions of a penny, and then cashing in 50% and making 250k USD, there's nothing wrong with that BUT, in this case with pirate you should not have been telling others not to buy while you were obviously buying big yourself. You probably didn't want to be held responsible in case pirate failed, but in crypto where there are so many scammers everywhere it was a bad look, and can easily be misinterpreted forever, like Dash launch.