Well. When you read Shakespeare, it's usually about halfway into the third act that one feels the storm clouds gathering. The sensation that something is wrong with how the protagonist is approaching events begins to send the faintest of feelings up your spine. And it's about that time that some mysterious figure appears, cloaked to conceal his identity, and tries to put words on what is wrong.
That messenger is usually cloaked because he is very close to the protagonist in some way. And he sees an impending problem. But to speak openly would also be a problem.
what do you suggest? I cannot both be responsive to investor requests/demands and also be coding 18 hrs per day. If I dont do the latter, it will not be easy to keep the schedule. If I do not do the former, well, people get very nervous when their money is involved and I dont want people feeling this funny Shakespeare feelings James |
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Humans have choice. This exercise of free will determines ones' reality. Dev can choose whether or not he spends the day checking this forum, or doing the coding required to pull off what he has promised.
The notion that we must rush about filtering everything that might reach the dev's delicate ears is - again - adding to the atmosphere of cult and leader here.
Dev is obviously a smart guy. Needs to up his game on what he chooses to focus on. Just like any leader in any large endeavor.
Why not post with your normal account? Why hide behind a new account? Interesting question. If I was fudding the answer would be obvious. But I am not. So what does that tell you about the atmosphere here? I am surely not doing it because i enjoy the 6 minute delay. If the dev wants others to help out, there are a lot of smart committed guys here who can do the job. He needs to reach out and explicitly empower said people. And he needs to stop taking bait & girding for battle at every perceived slight. So I am supposed to just code but if I ignore something so important as the missing buywall on a weekend, it is not acceptable either. which is it? Am I supposed to be worried about investor questions or to just ignore it and code? If I just didnt check this thread, I would be able to code, but then what happens on a weekend when a buywall emergency happens? You are saying I need to do two mutually exclusive things. For someone that is smart, you know this is not possible. When there are 4 pages of posts on something, I should just ignore it? James P.S. Did you not see that I was asking for help, that I empowered UNO? It seems you are not giving me any credit for dealing with the situation |
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This is a draft
###
Affiliate Coin Programme
SuperNET would like to announce a program for 'SuperNET Affiliate Coins'
Affiliate's are coins are considered to be valuable/promising platforms which are working to develop services for the SuperNET and at some point would benefit from their full integration into the SuperNET CORE.
In practice for Affiliate Coins this means they will get;
Their own sub-board in SuperNET forum.
Support integrating SuperNET services into their coin platforms.
Early access to new test versions of SuperNET
Advice on how to develop their coin platform to achieve CORE status
Visibility on SuperNET websites advertising the platforms SuperNET supports.
In return Affiliate Coin platforms will;
provide visibility of their development roadmaps to SuperNET
ensure they plan to upgrade their platform to remain compatible with new SuperNET releases
include the SuperNET Affiliation (plus SuperNET logo) on their main coin website homage.
###
Hey James! I think there's something to be said for only affiliating with legit coins. Real Devs… with real plans and real innovation. It seems like the AltCoin market is saturated with day traders - which is fine - but since VeriCoin REALLY IS a long term coin… I'd like to know with what group of coins we'll be lumped in with. I'm not going to call out or name any Scam Coins… but let's not kid ourselves… they exist. With regards to this… which coins… aside from VeriCoin... are currently being considered for the Affiliate Program? Any info would be appreciated! Thx! Jay Jay @VeryVeriViral Plz dont worry, the coins "are coins are considered to be valuable/promising platforms" so they would need to have an actual dev team, no garbage coins would qualify for affiliate status. Of course, any coin can use SuperNET API, but that is as a user of the services of the core and affiliate coins. James P.S. Now if a top 10 coin wants to be an affiliate, then I would have to strongly consider them as the large user base is a nice feature for creating larger userbase, so for practical reasons I think the top 10 coins are getting automatic invite. |
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No need to pay me. I'll do it for free.
Correct me where I'm wrong and back me up where I'm right and I'll monitor the thread as frequently as I can.
Thanks!!!! James |
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James maybe it is time to close this thread and get out of Marketplace.
Create a new moderated thread in the announcement section.
the BTT mods moved the ANN to marketplace, without any explanation I doubt they will let any SuperNET thread live in the ANN so if we move it will be to superNET forum James |
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Do all you investors realize that I have some intense coding to do and I am not having any help in this area? That all investor questions I will be answering if they are not addressed, so we can do this investor relations and not code.
James
It's not our fault that you don't have someone for public relations in your team. People always have lots of questions, mostly stupid ones. Everyone who starts a new venture should be ready for this. And so I will continue to answer these questions and until there is somebody else doing it, the coding is slowed down so please dont complain that the software is delayed if I am spending all these hours doing support. If people expect me to do everything, then I can, but that will slow things down. James I can assist. I have the time, intelligence, and I think the expertise to answer most of these questions. Unlike the obvious vast majority here who throw money at things they don't get, I've read every page of this thread multiple times and sit in the ##supernet IRC room watching you guys develop. I don't pretend to understand everything (especially about the NXT AE) but I volunteer to step up and help. James, I know its your vision and its a solid one, but you need to focus on the code and let others do the handholding. For your own sanity as much as for all our investments. But I still think this thread should be locked and the ANN updated with a link to the new forums. BCT is a fucking joke. Thanks! It might be a joke, but there are a lot of people here, so if you can actively answer stuff that would be great. Of course just put the obvious trolls on ignore, but the most effective trolls have some small truths that they leverage into big lies, so I want to make sure the FUD is clearly identified as soon as it is posted. The whole buywall is such a silly thing to harp on, but it got delayed and created an opening for the trolling James P.S. If you can really save my time, I really appreciate that and I do have some extra SuperNET assets I can use for a bounty. |
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Well, today is totally lost. Between dealing with investor support issues I have to spend hours fiddling with MGW server.
I have way too much coding to do to be stuck doing MGW server maintenance!
So far the issues have not been related to MGW itself, server out of RAM, new versions, shellshock, test versions crashing and messing up the cache, etc.
As of next weekend, I will formally stop running MGW servers. Until the production servers are running, there wont be any MGW servers.
I suggest to withdraw all the MGW assets ASAP. if they get stuck after I shutdown the MGW on my dev servers, it could take a while for me to figure out how to properly to manual withdraws. I need to code for 14 to 20 hours at a stretch and I cannot be monitoring people's deposit/withdraws that are not appearing after 17 blocks. So if you do not withdraw before the weekend, the funds will be safe but inaccessible for some weeks.
James
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I bet with the new wave of SuperNET popularity there will be much more people with the exact same questions you answered today and you'd need to find a way to deal with it.
Well, nobody is volunteering to do this or even to work for pay, and since it has to be done, I guess I am stuck doing it. It is like running the MGW servers. I end up being stuck doing these things and this slows down my coding, but how else to deal with it? James |
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Do all you investors realize that I have some intense coding to do and I am not having any help in this area? That all investor questions I will be answering if they are not addressed, so we can do this investor relations and not code.
James
It's not our fault that you don't have someone for public relations in your team. People always have lots of questions, mostly stupid ones. Everyone who starts a new venture should be ready for this. And so I will continue to answer these questions and until there is somebody else doing it, the coding is slowed down so please dont complain that the software is delayed if I am spending all these hours doing support. If people expect me to do everything, then I can, but that will slow things down. James |
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I put an additional set of buywalls at 160 NXT which is 20% above the ICO price.
James
I don't think it's right. Buy walls don't serve to give investors profit, but to make sure the price won't go lower then min ICO price. Let us spend more hours discussing this. The 160 NXT buywall is not using SuperNET funds. That would be wrong as that was not part of the approved SuperNET funds usage. So I spent hours to get the funds in place to put up buywalls using non-SuperNET funds. James |
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James, Not much that I can say but, being monitor the thread and join the ICO of SuperNET, I would like to say thank you very much for all your and team's effort on SuperNET. You guys made thing happens. You should take a day off man. There is a road ahead  Cheers, Thanks. Well I took a day off today due to the buywall emergency caused by a stuck deposit pending at bter. I spent hours to liquidate some positions at a loss to get the 27 BTC for half the buy wall and freeing up more NXT to put up buy walls at 160 NXT. I spent hours answering the unending questions as to why I am not changing the NAV calculations So, this is my day off from coding. just when I was getting back into the coding mode. Sometimes it takes a few days to get back into it. If the investors want me coding, they need to take care of answering the critical questions like below market buywalls as I cannot concentrate if there are investors being worried about the financial stuff. Let us delay all schedules by double. So instead of taking a month, it will take 2 months, Instead of 6 months it will take a year. If you havent noticed, my time is not fungible and there are only so many hours in a day. that is what days like today will cause. Please fix this or you can expect the software to be delayed. If nobody else will be doing investor support actively, all schedules will be delayed as I will end up doing it. If this is not solved, I will lock this thread and just move the the SuperNET forum. James |
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how many asset issuers put up buy walls?
27 BTC at 0.0088 on Bter and (I guess) 733520.25 Nxt at 113.25 on Nxt AE. there is also about 800,000 NXT of buywalls for TOKEN and SuperNET at 160 NXT That is 1.3 million NXT in buywalls, over half at a 20% premium over ICO price. Now all this nonsense cost us an entire day of coding. So if you are all so concerned about the buywall then I can keep discussing this and we can keep delaying the software. We lost a day of coding over this nonsense. So, maybe the trolls are happy as that was their goal. But now non-trolls are raising issues about the buywall. I will address each and every such issue and delay coding for as long as it takes. What is a day of coding when there are such important things as the exact price of the buywall. After all a buywall that nobody is selling to is much more important than routing table propagation. Who cares about routing tables when we can bitch about buywalls. It is too late in the day now for me to start coding anything difficult and since most of what I am coding is difficult, that means no coding today. Do all you investors realize that I have some intense coding to do and I am not having any help in this area? That all investor questions I will be answering if they are not addressed, so we can do this investor relations and not code. James |
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I am following what I said I would do. There are no surprises at the formulas. If NXT price goes up, the NAV will go up. If I tried to price fix things at any specific price like 0.01, this would endanger SuperNET and that is something I will not do. Do you want me to do fractional reserve price peg that endangers the solvency of SuperNET so that the buywall is fixed at 0.01? What about when the NAV is at 0.015? You will probably not like it if the buywall was pegged at 0.01!
The NAV is the NAV is the NAV. It is based on market price fluctuations and anybody that tries to impose an artificial price peg will end up bankrupt. This has been proven over and over. My job is to ensure SuperNET is protected and grows. This means NAV is NAV and not some price peg that is not 100% backed. i do not believe in fractional reserve. or leveraged crypto.
If my doing what I said I would do is feeding trolls, then there will be a lot of troll feeding as I always do what I say I will. I said there will be a NAV based buywall according to the formulas described. I never promised an asset NAV buywall. I never promised any put option at ICO price.
Any such things would be materially different than existing spending authority and would need to be put up for a SuperNET vote. I will actively campaign against such onerous financial obligations. Do you want to put it up for a vote?
James
Maybe you're right and it's too complicated for me to understand, but I don't get why the price in BTC depends on the price in Nxt. I don't know what the TOKEN price was on Nxt AE, only on Bter. Let's say min IPO price on Nxt AE was 130 Nxt. Then set a buy wall at 130 Nxt. And it was 0.01 Btc on Bter, so set it on 0.01. But again, maybe I'm wrong, so I'm not arguing about it, just shared my thoughts. The reason is about 60% of the ICO came in the form of NXT, so if NXT goes up 20%, then SuperNET NAV will go up 12% and get us to 0.01. So just make NXT price go up if you want to manage the NAV price at 0.01 The formula put the buy wall at 114 NXT, which is where 700000+ NXT is sitting in a buy wall I put an additional set of buywalls at 160 NXT which is 20% above the ICO price. James |
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There are 98'894 unredeemed TOKEN NXT AE assets so that is 6000+ NeoDICE assets that will be donated to valarmg as the dividend account will receive the NeoDICE dividend
I am sure valarmg wont mind if you delay your redemption of TOKEN <-> SuperNET
If you have TOKEN on NXT AE, send it to: NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
The dividend can happen at any time, no complaints if you miss your dividend due to delay converting TOKEN
James
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[Dividend Announcement]
50000 NeoDICE assets (id 18184274154437352348) will be dividended out to SuperNET asset holders at the rate of 0.06126992957634 NeoDICE per SuperNET asset.
that is 50000/816061
another way to look at this is that for every 16.32 SuperNET assets you have, you will get 1 NeoDICE asset. This is similar to how the NXTventure works, NXTventure will be doing 0.05 NeoDICE per NXTventure, or 1 NeoDICE asset for every 20 NXTventure
I know I said dividends probably not before end of year, but I want to test out the dividend process, especially via bter.
If you have TOKEN on NXT AE, you wont get any dividend at all so I suggest you redeem it ASAP by sending it to:
NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
There was an issue with the previous dividend being done several hours after a strictly interpreted announced time, so I will not announce any time or block for the dividend. If you have not gotten it yet, then it hasnt happened yet. Please do not ask when the dividend will be sent out. It will happen when it happens, I hope it can be done this month, but no guarantees
James
P.S. Please do not expect regular SuperNET dividends like this. This is a special case with not guarantee of anymore like this in the future
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There are 98'894 unredeemed TOKEN NXT AE assets so that is 6000+ NeoDICE assets that will be donated to valarmg as the dividend account will receive the NeoDICE dividend
I am sure valarmg wont mind if you delay your redemption of TOKEN <-> SuperNET
If you have TOKEN on NXT AE, send it to: NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
The dividend can happen at any time, no complaints if you miss your dividend due to delay converting TOKEN
James
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[Dividend Announcement]
50000 NeoDICE assets (id 18184274154437352348) will be dividended out to SuperNET asset holders at the rate of 0.06126992957634 NeoDICE per SuperNET asset.
that is 50000/816061
another way to look at this is that for every 16.32 SuperNET assets you have, you will get 1 NeoDICE asset. This is similar to how the NXTventure works, NXTventure will be doing 0.05 NeoDICE per NXTventure, or 1 NeoDICE asset for every 20 NXTventure
I know I said dividends probably not before end of year, but I want to test out the dividend process, especially via bter.
If you have TOKEN on NXT AE, you wont get any dividend at all so I suggest you redeem it ASAP by sending it to:
NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
There was an issue with the previous dividend being done several hours after a strictly interpreted announced time, so I will not announce any time or block for the dividend. If you have not gotten it yet, then it hasnt happened yet. Please do not ask when the dividend will be sent out. It will happen when it happens, I hope it can be done this month, but no guarantees
James
P.S. Please do not expect regular SuperNET dividends like this. This is a special case with not guarantee of anymore like this in the future
I want to clarify that if you have UNITY at BTER, you dont have to do anything, you will automatically get NeoDICE |
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Wow! Thanks for the unexpected neodice asset bonus!
You are an awesome dev james
I do like to underpromise and overdeliver, but I cant promise that |
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Says a lot about how you feel of UNITY that you'll only support the asset with a meager buywall at 3/4 the ICO price.
Again, you're a fucking asshole James.
160 NXT is significantly above the highest official price during the entire ICO process. It was as low as 120 NXT and around 130 NXT for a lot of the time. Since 160 is bigger than 120, 130 and even 140, I assume this means you did not do very well in math class at school I feel sorry for you James P.S. Also the BTC buywall is probably 85% to 87% of the average price paid during the ICO. Temporarily below 90% due to drop in NXT price. please tell me any other crypto IPO that has a buywall at all. The guy is a total douchebag and troll, no doubts on that, but I also think that buywalls should be set at least at the min IPO price, which is 0.01 BTC, as far as I know. So, you're basically feeding trolls and fudsters with your actions. Buywall at higher price is wrong, because it would be the easiest money for investors. Buy at 0.01 and sell at 0.0115 back to devs. But buywall at 0.01 is just fair and logic. I am following what I said I would do. There are no surprises at the formulas. If NXT price goes up, the NAV will go up. If I tried to price fix things at any specific price like 0.01, this would endanger SuperNET and that is something I will not do. Do you want me to do fractional reserve price peg that endangers the solvency of SuperNET so that the buywall is fixed at 0.01? What about when the NAV is at 0.015? You will probably not like it if the buywall was pegged at 0.01! The NAV is the NAV is the NAV. It is based on market price fluctuations and anybody that tries to impose an artificial price peg will end up bankrupt. This has been proven over and over. My job is to ensure SuperNET is protected and grows. This means NAV is NAV and not some price peg that is not 100% backed. i do not believe in fractional reserve. or leveraged crypto. If my doing what I said I would do is feeding trolls, then there will be a lot of troll feeding as I always do what I say I will. I said there will be a NAV based buywall according to the formulas described. I never promised an asset NAV buywall. I never promised any put option at ICO price. Any such things would be materially different than existing spending authority and would need to be put up for a SuperNET vote. I will actively campaign against such onerous financial obligations. Do you want to put it up for a vote? James |
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If you have TOKEN on NXT AE, you wont get any dividend at all so I suggest you redeem it ASAP by sending it to:
NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
It's better to put this on first page for SuperNeter to catch up. it's been on OP for a while |
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