You will not get better analysis about investing in KMD ICO than this guy (who was initially supposed to work with James on this ICO) Read his honest opinion on james capability, 30,000 BTC cap and potential reward for investors. I am not entirely closing the door on working with James on his project, but to be frank my passion is on my project to foster an entire crypto ecostem, not just anonymity.
Note I suspect James will probably end up talking about more than just anonymity for Komodo. I think (based on knowing him through many discussions) he will probably tie in what he was attempting to do with SuperNet at some point in the near future. And I know he was enamored with Steemit, so you can probably expect him to throw his hat in that arena as well. Nevertheless, I am nearly certain he can't compete with me on making a better Steemit. Who knows maybe we end up making two projects work together, but that is usually technically difficult (we've discussed such in the past).
I don't think James is a scammer in the sense that I don't think he thinks he is. I think he thinks he is very sincere about accumulating capital to do important work in crypto. He comes from finance apparently and thus apparently believes in raising a lot of funds. I think he shocked everyone when he raised 1500 BTC for the SuperNet back when BTC was closer to $1000 before ETH did their $18 million raise.
Yet I must agree that the anonymous developer aspect, the lack of a visual team doing promotional videos and a conferences (a la Ethereum) to nourish fanboys, doesn't seem congruent with raising $20 million and driving a $billion market cap.
If I ended up working with James on this project, it would mean putting my public reputation on the line and not even being a major party to the BTC raised. I think that would be unfair to myself, but then again money talks in some respect, so it is possible I could be lured with sufficient compensation.
But honestly, I rather go complete my project. And I can say I would not attempt to raise $20 million and I will be a public speaker on my project. And I do believe my project which will attempt to do what Steem attempted but do it correctly. @smooth and I both seem to think a social network market cap wouldn't necessarily be limited to $10 billion or even $100 billion. Even a $trillion is plausible. But getting there is about ecosystem network effects and Metcalf's Law. Review my latest comments in the "Steem is a pyramid scheme" thread. Nobody can say for sure what the outcome will be. I will just say if I get healthy enough, I am going to try to be the first to create a very serious altcoin ecosystem.
So I know which one I will be investing in. But if Komodo would commit to capping the raise at 5,000 or 10,000 BTC and does something about the anonymity of the developers and entire company, then I'd probably suggest buying some morsels of it. At 30,000 BTC, sorry no! I think someone should feedback to them.
It is about time james acknowledge that he wont be able to take advantage of this ZCASH hype and raise 30,000 BTC + 5000 BTC (from BTCD swaps). He will raise more BTC if he limits this ICO to 10K BTC + BTCD swaps now than waiting and hoping that noobs will part with their BTC with this ZCASH hype. Anonymint is a very smart guy, that's why he's positioning himself as a jl777 advisor for posterity. He knows KMD has good prospects, and he's obviously checked and knows the ico is well under 3k btc. Attaching himself to jl777 is TRUMP like brilliance |
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great article! will the new claiming be possible using a lite wallet? Lite wallet claiming would make things a lot smoother for many |
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Wow, that's a fat announcement |
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If you owned a bag of STRATIS, and raised 900 btc in an ICO, would you bother replying to bagholders of your previous project?
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...Speechless, withdraw nxt asset is such a pain.....  Why you choose this hard handle platform? You should use xcp or eth as draco token. Sigh... Wallet downloading now, 129Mb, wtf... Use the supernet lite wallet to access your nxt account in 30 secs, no need to download the whole blockchain |
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Komodo is Zcash with delayed PoW on btc, so ico funds used for btc tx fees. Not free, but certainly best Zcash clone so far
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I have not denied that I raised funds from NXT assets, however other than SuperNET they were not done as an ICO and the scale is orders of magnitude smaller.
If you raise funds from private investors, that is funds but it is not an ICO.
Maybe that is your confusion? You seem to be considering any funds raised via any means as an ICO. So if I get a bounty for doing some work, is that an ICO? If I get paid for doing coding, is that an ICO? If I invest in an ICO and make money did I do an ICO?
Okay, maybe I made a mistake by equate ICO with raising funds. But isnt that the association most people here have which invest? I think so. So yes, you did 2 ICO's. But you raised money several times in the past. Using that logic, everybody that has a job is raising money every month. I put the NXT assets (other than SuperNET) in the category similar to working at a job. The amount of money raised was comparable to working at a job, so it should be compared to having a job instead of an ICO. So yes, I have worked in crypto for a while and was paid for it. I have never denied this. But if you want to count my raising thousands of dollars in the same category as multi-million dollar ICO, I guess you can do that if you just ignore the 100x difference and count pennies as dollars. Lets talk about this ico only. You implied that 10k BTC is more than sufficient for komodo then why not lower the cap to 10k BTC? Investors are not going to get much returns is the ico is over Bloated. 10k from here (under 2k so far) seems likely anyway |
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A bit too far above my skill level, can't work out what to put in the web.xml to have the correct url for the script ... any tips?
Just drop the files into WEB-INF/classes folder without any changes in web.xml. Thanks CfB, got it working now! My balance is correct too, shows my total IOTA for all addresses attached to my seed. Thanks  |
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No. Yes. Yes, if you run Jetty and JRE locally then I can send you that script that checks balances. The service doesn't store the seed.Thanks for that answer CfB!! PM sent Well I've spent a couple of days trying to get the seed checking script to work on my local pc, just can't get it to work, but I have learnt a bit about webapps. A bit too far above my skill level, can't work out what to put in the web.xml to have the correct url for the script ... any tips? |
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It may seem a little speculation, but I think some time we're going to have a pump on the value of the currency. Good tech, good name for anon coin ... agreed, fantom is a good candidate for a pump |
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The only thing i am unsure of on this coin/platform..
Does it summarize into a super anonymity (Zcash) super secure (dPOW BTC) - BTCD.20 coin...
Or is it a platform?
Or is Supernet the platform and now Komodo the coin?
I sort of understand the many many under the hood diverse tech and is this the merging of them?
SO is Komodo a coin? Like BTC or a platform like Nxt?
If it is a coin then is its purpose the above summary or is there more to it?
If it is a platform what is its functions?
Is it taking on the Supernet functions and Supernet then is just an investment vehicle?
Would love to see a new info graphic for this!
Also is the a method to hold BTCD for up to a year inside the Nxt asset exchange?
I would like to place buy orders on the underside to get any drops but keep away from central exchanges..
It is a platform with a native coin. People will be able to spawn up a new chain/coin with a curl call. It will have privacy tech based on zcash, iguana and dPoW. I would suggest you not hold the BTCD in the NXT AE as there will be a snapshot about 2 weeks after ICO to give out revenue share assets. If you have it on there, it will be really hard to sort out. Keep it in a BTCD wallet so you can stake too. If btcd snapshot for rev asset happens 2 weeks after ico, is there any value holding btcd after then? I read people will continue staking for a year, why? |
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ok. may I ask when your manual claim was completed? I did also a manual claim, but didn't receive anything yet. Check your manual claim addresses in the proposed snapshot. https://github.com/domschiener/snapshot/blob/master/snapshot.csvThe network is paused at the moment, so manual claims are not completed as such, but you can check your addresses in the snapshot. |
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No. Yes. Yes, if you run Jetty and JRE locally then I can send you that script that checks balances. The service doesn't store the seed.Thanks for that answer CfB!! PM sent |
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Usually, in other slacks and forums, people complains that devs are absent....
fact is, people complain a lot, for the most stupid reasons, like spoiled babies. it's a complaint overdose on the crypto community. for that reason, any complaint (even the relevant ones) will become "one more complaint from the spoiled brats", justifying the "lack of patience" and apparent lack of "communications class in university": that's because the developers have got important tasks to accomplish, and "filtering" the few relevant complaints from all those complaints from the spoiled childs is not the most important of the tasks. (not only here in iota) easy to understand that... instead of complaining, do something or go away. Good point. Good analogy is a busy restaurant, imagine if the chef or manager had to communicate with the patrons over every detail of their food etc , it would be a disaster, that's why it's best to shield busy people doing important tasks from day-to-day concerns. BUT, if a guy in a restaurant gets a well done steak and he ordered medium, or the food takes hours to arrive they're entitled to complain, but to a waiter, not the chef. Iota needs a dedicated community manager, so David and Dominik can concentrate on other stuff. A dedicated community manager is paid to answer the same question 100 times politely, and keep information flowing smoothly between dev team and community. Honestly, the core team should eventually not follow forums, except for entertainment if they genuinely enjoy trolling. I think for long term benefit of iota, we need paid community concierge and matre d |
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Just think along these lines: zcash has great tech, but people are generally not happy about the overly generous deal for the founders. Now, this is very similar to bytecoin, the original cryptonote coin, and look what happened there. The average crypto guy wont touch bytecoin, but look at monero now, and it started out as a 'fairly launched' clone. So the question then becomes what was the key ingredient that made monero take off back in may 2014? It wasn't new devs adding new features, they're still working on those to this day. The key ingredient with monero was the community of people who worked together to launch a clone of bytecoin, and kept it going, the
New devs appeared later. So ... what do the opair ico guys have? Nothing, except an established connection, and a desire to have some stake in a viable coin. That doesn't sound like much, but it's actually more than monero had in the first few weeks of its existence as they had no connection at the start
Zcash is great tech, but its distribution stinks. Opair distribution was instigated for a scam, but as long as wasserman's accounts are blocked, the distro itself was 'fair', and it's far better than the current zcash premine and mining tax. With zOpair we just replace the zcash premine amount with the opair ico distribution, then use wasserman's 9% to pay a dev to clone zcash and manage a zOpair mining pool for 6 months. Hey presto, an established community of 100 or so founders of a fairly launched zcash clone. Zcash is very vulnerable to a fairly launched clone, but whoever launches a zcash clone first wont have any community at the start, and will obviously be suspected of running a dodgy pump & dump. Well, opair victims are already 'bonded' together, and obviously not part of an elaborate zcash long con.
Plus, what a way to give two fingers to wasserman!
I agree this opinion - 100% ... More than 100 people, working wallet and nodes ... Yobit - exchange alreade is .... Need idea ... Thanks for the support! Really, it can't hurt to workshop this idea for a few days. There are other possible coins to make a straight vanilla clone from (iota, byteball, monero, dash, nxt), but zcash does have vulnerabilities over its distribution. The zcash founder mining tax doesn't pass the sniff test, so combined with the best in class anon tech it seems the obvious candidate. What else is left guys ... I got more hope in zOpair than frank ever delivering anything. If he just posted 5-6 times the ico would have made x3 more, so I conclude wasserman realised as a non english speaking native that he couldn't write like another person, so he decided to limit his scam takings, but not risk the whole thing falling over before he got something. I think - we need wait to end October ... If beta wallet OCALM OPAIR no , then we will go our way ... Wasserman say - second half October - need wait ... I might be wrong, so by all means lets wait and see if the ocaml wallet is released, but having a plan B worked out makes sense too. Odds are wasserman is just trying to get one pump out of opair before he disappears, so the timeline of end of october fits in nicely with zcash launch anyway. Either way the first zcash clone might be the one that survives, zcash original looks very vulnerable Edit: for those interested, this is the zcash funding model https://z.cash/blog/funding.html zOpair could do exactly the same with the 4 year 20% mine tax, or just have a 10% premine. Zopair *might* be the best option to recover something .... wasserman looks long gone to me, no real work being done here that anyone can verify Bump |
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Where is the dev? Nothing info anymore cmon, seriously? Devs post is right above yours. Right about what? Devs never reply my message since her/his post in my thread The original dev left a long time ago, MikeMike is part of a new team who are attempting to keep Vior going, they're not getting paid either, just volunteers, so I suggest everyone pitch in to help anyway they can. There's no captain as such |
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Just think along these lines: zcash has great tech, but people are generally not happy about the overly generous deal for the founders. Now, this is very similar to bytecoin, the original cryptonote coin, and look what happened there. The average crypto guy wont touch bytecoin, but look at monero now, and it started out as a 'fairly launched' clone. So the question then becomes what was the key ingredient that made monero take off back in may 2014? It wasn't new devs adding new features, they're still working on those to this day. The key ingredient with monero was the community of people who worked together to launch a clone of bytecoin, and kept it going, the
New devs appeared later. So ... what do the opair ico guys have? Nothing, except an established connection, and a desire to have some stake in a viable coin. That doesn't sound like much, but it's actually more than monero had in the first few weeks of its existence as they had no connection at the start
Zcash is great tech, but its distribution stinks. Opair distribution was instigated for a scam, but as long as wasserman's accounts are blocked, the distro itself was 'fair', and it's far better than the current zcash premine and mining tax. With zOpair we just replace the zcash premine amount with the opair ico distribution, then use wasserman's 9% to pay a dev to clone zcash and manage a zOpair mining pool for 6 months. Hey presto, an established community of 100 or so founders of a fairly launched zcash clone. Zcash is very vulnerable to a fairly launched clone, but whoever launches a zcash clone first wont have any community at the start, and will obviously be suspected of running a dodgy pump & dump. Well, opair victims are already 'bonded' together, and obviously not part of an elaborate zcash long con.
Plus, what a way to give two fingers to wasserman!
I agree this opinion - 100% ... More than 100 people, working wallet and nodes ... Yobit - exchange alreade is .... Need idea ... Thanks for the support! Really, it can't hurt to workshop this idea for a few days. There are other possible coins to make a straight vanilla clone from (iota, byteball, monero, dash, nxt), but zcash does have vulnerabilities over its distribution. The zcash founder mining tax doesn't pass the sniff test, so combined with the best in class anon tech it seems the obvious candidate. What else is left guys ... I got more hope in zOpair than frank ever delivering anything. If he just posted 5-6 times the ico would have made x3 more, so I conclude wasserman realised as a non english speaking native that he couldn't write like another person, so he decided to limit his scam takings, but not risk the whole thing falling over before he got something. I think - we need wait to end October ... If beta wallet OCALM OPAIR no , then we will go our way ... Wasserman say - second half October - need wait ... I might be wrong, so by all means lets wait and see if the ocaml wallet is released, but having a plan B worked out makes sense too. Odds are wasserman is just trying to get one pump out of opair before he disappears, so the timeline of end of october fits in nicely with zcash launch anyway. Either way the first zcash clone might be the one that survives, zcash original looks very vulnerable Edit: for those interested, this is the zcash funding model https://z.cash/blog/funding.html zOpair could do exactly the same with the 4 year 20% mine tax, or just have a 10% premine. Zopair *might* be the best option to recover something .... wasserman looks long gone to me, no real work being done here that anyone can verify |
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Did the dev team ever consider using Zcoin over Zcash?
you must be kidding. why would we choose an obsolete 3 year old libzerocoin implementation that has significant bloat issues? it would be like choosing an Intel 8080 CPU over Xeon so no, never considered zcoin I was thinking more of how parameter generation happens in both, I just read this comparison, http://blog.zcoin.tech/zcoin-and-zcash/You mean "Zcoin uses parameters generated 25 years ago from the RSA Factoring Challenge." those "secure" parameters?? If you would rather trust parameters generated by a single entity that has been caught putting backdoors into encryption, then that is your choice. Keep in mind that if anybody in the 25 years has gotten a hold of the RSA factoring parameters, it is compromised. What assurance is there that it hasnt been compromised? As opposed to zcash which will use a carefully thought out parallel oblivious transfer method with a peer reviewed research paper where all participants need to be compromised. We might as well compare zcash to ring signatures. There is a lot of FUD against zcash parameters, but nobody has described to me how all the zcash parameter creation participants will be fooled into running the mystery laptop gift that just arrived in the mail. Or that they can all be bought. Or all their systems can be compromised. It is not that any one of them can be compromised to compromise the parameters. ALL participants need to be compromised. Good points, I'm still trying to get my mind around things. Which organisation created the Zcoin parameters 25 years ago? That is the key 'trust' point in Zcoin RSA you are putting your trust in RSA the same one as in this article: http://arstechnica.com/security/2013/12/report-nsa-paid-rsa-to-make-flawed-crypto-algorithm-the-default/A smoking gun ... ok, Zcoin isn't water tight, which makes it easier to pick which implementation is better, thanks james |
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