For now, Yani and i are in controle of the website and the platform. I asked lauda to be patient as i have the access (i could share it with him/her), while Ton provides an explanation. |
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I answered to the thread, if you proof that he is really a scamer, he won't stay more then 24 hours as a CEO, i guarantee it. |
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The coin dumping was exactly what I was afraid of, thank you for the clarification. Really apreciate the patience you bring toward us!  You are welcome, it is in the interest of everyone (NVO and participants), it is better to exchange for example dash for btc when he is on the high. |
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I have a few questions:
1. Will there be iOS and Android apps? I don't see that on the Roadmap.
Regarding fund release:
2. 30% release at the end of the crowdsale - How will token distribution calculated if you can only sell 30% of the altcoins?
3. 30% at the delivery of the beta wallet and first API Cluster - When will official wallet be released?
1- Yes it is planned, they will be delivered at the same time, it is normal to deliver the wallet with all the possible version. 2- The exchange process will be handled by the escrows. 3- The wallets will be functionnal, the official release includes the dex, this is why we said Beta.
I registered NVO account and submited my bitcoin address,also get many altcoins private keys, but i have no idea for the next, does anybody can help me！ by the way to tell me the altcoins private keys for what？
Yes, it was a small issue with the API, feel free to join us on slack if you have other issues.
is there some way to see how much we've contributed before the crowdsale goes final?
Is there someway to see that my contribution went through officially? If you sent Bitcoin, you can check the TX in a block explorer, if it is confirmed, then it went through.
I am shortly before investing, but I have one (hopefully) last question. At the end of the ICO the altcoins will be "exchanged" for bitcoins for the calculation of the amount of NVOT each investor gets (as I read in other posts). Will this exchange-factor be determined by real exchange rates (the NVO team exchanges the altcoins for btc in an exchange for real) or will it just be calculated with a factor say from coinmarketcap.com (1 ETH = 0,145 BTC) for example? Thanks for your help It will use factors from coinmarketcap, in order to keep the higher value during the exchange. As they will be exchanged on different exchanges in order not to dump the coins.
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Cool at least we're not grudging, you're welcome, let me explain how its going to work. The situation you describe is true in the case where the validator is a single entity hosted on SafeNet, even if in order to get the private keys, one must basically break safenet. The difference now (and this is a disclosed information) will be run simultaneously from different wallets, each wallet will have its own validator Instance, its job is to verify the orders and the transaction informations. During a trade, if someone manages to get access to its private key, he will be the unique victime of his cheating attempt, as the other instances won't accept his order. It doesn't means that NVO will allow 0 confirmation bitcoin transactions, at this stage it would be hypotethical, a minimum of 1 block confirmation is required, however, LN integration is a must, as it solves a lot of issues experienced by the DEXs, Segwit will be helpfull too. Regarding the possibility to send a transaction with low fees, the different validators will check this information too as the minimum will be determined by the validator depending on the network state. I know about Bitbay and BitHalo, and i understand that you defend your ideas about atomic trading  and i appreciate the exchange of idea. Right, well I'm glad you re-read my response I wasn't attacking you. The problem is, it is not decentralized exchange. Linking 2 of 2 multisig is almost the same as 2 of 3 but slightly more secure. The validator can SPOOF the buyer or seller and default on their obligation after getting a valid signature. So the example: Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC. This is a pretty serious attack and thus this cannot possibly be decentralized exchange. Only a lightning network and AT are decentralized exchange (and potentially microtrading in a 2 of 2 double deposit escrow). Again, I'm not trying to rattle your cage or "insult you". I definitely want more people doing projects that are more secure than modern exchanges. But what you propose in safe network is a series of green addresses 2 of 2 accounts. It doesn't eliminate the risk of theft at all. Thats because the validator could collude with buyer or seller. Whomever runs those servers has a lot of power to spoof deals. The validator works as instances, is any instance is broken, the user won'tbe able to realise operations on the exchange. Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS NOT ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC.The role of the validators is to check for the validity of informations, the instances won't trust each other and will cancel any order at the first sign of manipulation untill both parties release the funds. Again there is no way to prove the validator is not colluding on a deal. Validators can spoof buyers or sellers. You can't cancel a signed transaction on any cryptographic network once an input is signed thats it. This is not trustless, it is a multisignature exchange. It must first understand that the validator, is a sort of trinity, later the code will be open source time to get on the market, if the Christian religion has worked until now, it is thanks to its forks. I said it's like a blockchain, without being one of them because the blockchains offer too much information, this blockchain will have to record the encrypted data, synchronizing the wallets, and placing the orders. Now, the second part. It is like a small smart contract, which will send the privkey to safenet, and store the decryption key into the blockchain, let's say that it is a smart contract that does a 2-of-2 multisig. Like christians and the holy spirit, you feel it is present, there is a connection between you two, but you can not touch it because it is god-controlled, here it is the blockchain. Now there is the safenet where we will store the information of jesu, the private keys, like the book of jesu, its change all the time, to add more love, to change parabola ... Whenever there is a trade, the wallet will use a part of the safebrowser to create the private keys and send them to the safenet, retrieve the decription key and save it in the blockchain. So, now the gas can be barred, and whatever someone wants to trade with it, whether it is or not, the blockchain knows which key it is, it will all sympathy create a small smart contract that will go Recover the key and exchange. As a result, safenet will operate as a stokage website. I have 4 months to find a name, at the moment it's "chrispilism", I know it's rotten, I'll find something else. It remains only the 0 conf to elaborate, and I am in the process of reflecting, I would give the raiponse soon. I forgot a small detail, at the end of each trade, another mimi smart contract will delete the private key and decryption key, that's where I explore the conf. |
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Cool at least we're not grudging, you're welcome, let me explain how its going to work. The situation you describe is true in the case where the validator is a single entity hosted on SafeNet, even if in order to get the private keys, one must basically break safenet. The difference now (and this is a disclosed information) will be run simultaneously from different wallets, each wallet will have its own validator Instance, its job is to verify the orders and the transaction informations. During a trade, if someone manages to get access to its private key, he will be the unique victime of his cheating attempt, as the other instances won't accept his order. It doesn't means that NVO will allow 0 confirmation bitcoin transactions, at this stage it would be hypotethical, a minimum of 1 block confirmation is required, however, LN integration is a must, as it solves a lot of issues experienced by the DEXs, Segwit will be helpfull too. Regarding the possibility to send a transaction with low fees, the different validators will check this information too as the minimum will be determined by the validator depending on the network state. I know about Bitbay and BitHalo, and i understand that you defend your ideas about atomic trading and i appreciate the exchange of idea. Right, well I'm glad you re-read my response I wasn't attacking you. The problem is, it is not decentralized exchange. Linking 2 of 2 multisig is almost the same as 2 of 3 but slightly more secure. The validator can SPOOF the buyer or seller and default on their obligation after getting a valid signature. So the example: Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC. This is a pretty serious attack and thus this cannot possibly be decentralized exchange. Only a lightning network and AT are decentralized exchange (and potentially microtrading in a 2 of 2 double deposit escrow). Again, I'm not trying to rattle your cage or "insult you". I definitely want more people doing projects that are more secure than modern exchanges. But what you propose in safe network is a series of green addresses 2 of 2 accounts. It doesn't eliminate the risk of theft at all. Thats because the validator could collude with buyer or seller. Whomever runs those servers has a lot of power to spoof deals. The validator works as instances, is any instance is broken, the user won'tbe able to realise operations on the exchange. Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS NOT ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC.The role of the validators is to check for the validity of informations, the instances won't trust each other and will cancel any order at the first sign of manipulation untill both parties release the funds. |
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Wow. With all the questions being asked about private keys, I have a feeling a lot of NVOT will be stuck at inaccessible addresses forever. Might want to make sure people actually have a counterparty wallet set up to claim and receive their NVOT before they are sent. I had not used counter party before this crowdfunding, but it makes sense now that I have looked into it.
The answer is three posts above yours : https://bitcointalk.org/index.php?topic=1917456.msg19560898#msg19560898As i said, it is related to counterwallet only, not counterparty which means that NVOT won't be stuck.
If I invest with BTC from my Waveswallet, will I be able to get the NVOs ?
It is stated clear enough in the announcement post that it is preferred (a must) to use a wallet that you own its private keys (I am aware that Waveswallet has a wallet Seed acting like private keys which backs it up, but they are not the same). But you still can get NVOT when they release the NVO wallet. I'm sorry I'm still new in crypto, I see it every day. So which Wallet would you recommand me ? You think NVO wallet will be ready before end of CrowdSale ? Use any wallet who provides you private keys of the addresses you use. That's what the team tries to achieve. Don't worry for the questions, if you feel lost about the wallet to use, you can join the slack channel where you will get more help. https://nvoinvite.herokuapp.com/
ok - so i can just leave my nvot in the counterwallet until nvo platform is ready - that works since im not a trader - to much of a newb for that - i just buy and hold - plus i think i read one can be paid dividends on the nvot. Also, is their a slack channel i can sign up for? thanks
Feel free to join the slack channel : https://nvoinvite.herokuapp.com/ |
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I like the concept and will be following/participating. Don't we still have about 10+ days to join ICO?
Welcome, yes the countdown is on the website, feel free to ask if you have any question.
What would you recommend? I have been wanting to invest in this but not feeling sure about the process. I have invested in 2 ico's recently even though i am fairly new to the crypto world. I understand what is being said to do to invest - just not confident in my abilities since i am a newb - its a little more complex than the other two ico's i invested in. I would wait for a response from someone from the team. It looks like a good CrowdSale otherwise. i confirm this, i think the only way will be the nvo wallet when ready (if counterwallet won't be fixed by the time is out) the simplest solution is create a counterwallet new btc address---) send btc there ---) use the address to send btc to NVO crowdsale i hope the devs have an alternative i confirm this, i think the only way will be the nvo wallet when ready (if counterwallet won't be fixed by the time is out) the simplest solution is create a counterwallet new btc address---) send btc there ---) use the address to send btc to NVO crowdsale i hope the devs have an alternative Right .. I did this .. I hope everything goes well The issue pointed is about counterwallet, apparently they have some issues with the platform. It doesn't affect the crowdsale as it is specific to counterwallet, you can do the same process manually (as described in the long 10 steps guide) or wait for the version of NVO and import/sweep your tokens there. The most important is to backup your private keys. |
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Is there any information about how many investors joined the crowdsale and bought tokens so far?
I can`t seem to find such information.
How can such information be verified?
I`m sorry if my questions sound stupid,i`m not very familiar with crowdsales.
You can only check the BTC address they give you after linking your BTC address. There you see at least how many BTC are received and in how many transfers. Right now its around 0.3BTC on average. Something more. How does the NOVS system work? 1) All fees are collected in one "address" or "pot" and once a week the NVOS will be send to the NVOT owner right? 2) How is that calculated? Do you take the dollar value (of fees) of each transaction at given time or do you collect all fees and take the dollar value at the time of the distribution? 3) Also you wrote all NVOS will be worth 0.99cents. How is that possible? All fees are probably based the currencies they originate from. BTC -> LTC the fee will be either BTC or LTC (maybe both). Lets assume you receive 300$ worth of fees in BTC,LTC,ETH and you create 300 NOVS. They are distributed to all holders (lets say 300 owner). Every owner gets 1 NVOS, goes to the market, exchanges the NVOS (who buys the NVOS) 3.1: Can we decide what currencies we like for the NVOS? 3.2: What happens to the different currencies and fees? Are they exchanged to BTC for payouts right away or left as is? 3.3: How can we trust that we will receive the fees when you claim NVOS is 0.99cents (fixed price) but the exchange rate from the fees has dropped 50% in the week between trade and payout? 3.4: Who is holding the fees for us in the time between trade and payout? 3.5: How can we trust you site if the fees are not instantly send to investors? I can't see a difference between NVO and BTC-E other that I store my funds on my own wallet instead of theirs... Thanks for asking. 1- They will be processed (sent) once a week. 2-3 The value of the NVOS is fixed, 0.99$ in Bitcoin, which means that the supply will be adapted accordingly. 3.1 No, only Bitcoin. 3.2 The fees will be exchanged on a milestone system, they have to accumulate enough in order not to be wasted in mining fees. 3.3 refer to 3.2, that's why it is Bitcoin (3.1), and if the value of Bitcoin drops, NVO will loose too. 3.4 NVO will hold the fees, untill we can automate the process. 3.5 We can't fake the volumes and can't controle the wallets, you will also be able to check on each trading where the fees are going and follow the addresses. |
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Uhm. Refer to my nickname:
I sent some money to my new counterwallet.io adress. There, i generated a new address, just to be on the save side. I took this address and posted it on nvo.io, like its meant to be. Then i took the BTC address from nvo.io and sent my funds there.
Now i got all the other altcoin addresses with 0 amount but also no amount displayed at the BTC address.
Did i fuck up?
Thanks!
Can you please join slack ? Yani will help you there. |
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I haven't seen anything in the Whitepaper about "Reputation" or "Trust" of users, but I think they would be required. This may require some form of registration process. Here are a couple of possibilities.
Regarding a peer-to-peer transaction, how do you ensure that both peers add the appropriate transaction fee to ensure it is confirmed by the network allowing both parties to receive their trade?
Example: User A exchanges Bitcoin for Dash with User B. Neither user sets a fee. User A receives Dash right away, User B sees the Bitcoin transaction broadcasts to the network but it never gets confirmed.
Could it be possible for a user to outperform the validator's verification and transaction broadcast process causing a double-spend transaction and resulting in one user ending up with nothing?
Would a "Report User" feature be required if someone gets screwed out of their transaction?
Thanks for the feed back, regarding the verifications, they will be done by the validator, if there is any issue regarding the transactions it would be a fail due to NVO, there will be several verifications done by both sides prior to allow a transaction broadcast, if the user doesn't defines a transaction fee, it will be defined by the wallet when the order is sent. in order to cheat on the validator, one would have to get access to the validator which is secured by safeNet's encryption and protocole. My second question may not have been clear enough. Since users control their private key, it is possible for them to have a non-NVO wallet that also broadcasts transactions for the same address. If I understand it correctly, there would be a small window of opportunity (fractions of a second) between when the validator verifies funds on the network and when it broadcasts a transaction. A user could broadcast a transaction with their non-NVO wallet after the validator has verified funds but before it broadcasts a transaction. The network will accept the first transaction from the non-NVO wallet broadcast and reject the validators broadcasted transaction as a double-spend. An attacker could quite easily take advantage of this critical loop-hole, hence the need for some measure of "Trust" between users on the exchange when conducting a transaction. If exchange volumes increased to a high level, would it be possible for a trusted user to launch a continuous massive double-spend attack across the market resulting in huge losses to users? DEXs are still a new concept and I don't know if this is a vulnerability or if it has been addressed or exploited yet. Sorry, maybe I haven't been clear enough, creating a multisig address with the validator means that you will use one of your addresses, and create a multisig address using one of the validator's addresses, the result will be a shared address, which means that even if a user have the private key of the parent address (the one used to create the multisig address) and tries to broadcast a transaction, the validator will refuse to sign it as any transaction would require both signatures. I am not too familiar with multisig addresses, but I will do some research. I appreciate your persistence in this project and answering my questions. The ICO market seems way overhyped right now with people throwing money at projects they don't understand and have no idea can deliver. I don't think there is too much more for me to ask. I will send funding shortly. I wish the development team the best! Thank you for your support, if you find anymore questions during your researches, feel free to ask them.
Developers who are interested in getting hired for this project who are also investors. Would the positions be advertised here or elsewhere?
If you are a developer and want to help or work with NVO, feel free to join slack, we can talk about it.
IS NVO target for long term project?
Why nvo.io website is register only for short period only?
Registry Expiry Date: 2017-10-20
Yes, NVO is a long term project, the registration can be prolongated. Thanks for pointing.
I need a couple of more answers.
I read a lot about it and I am a little out of date with my "skills" lol
1) I linked a ledger BTC address to the NVO. Does that address work? Its my personal address no exchange wallet tho basically it should work, but its a 24 word seed not 12....
Also i have multiple currencies on my ledger. Do I risk them if i open a counter wallet with my seed (in case thats possible because its 24 not 12 words)
2) There will be 15 million coins divided by all investors. Do the devs receive further coins, or do they simply cut out 50% of the fees for themselves?
3) From the timespan, how long does it take to have the product ready and launched? There are so many details with weeks of development that i lost count.
Hope anyone can enlighten me lol
1- I advise you to either create a paper wallet and use it, or use counterwallet directly. 2- No, the 15M tokens will be distributed, NVO won't hold any token. 3- 6-8 months depending on SafeNet's status.
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You are saying I'm not a dev? Are you insane? I developed single handedly the world's first smart contracting platform BitHalo which was also the world's first multisig client and first dual coin software and also dev Bitbay. Never have I hired out a coder and write the 50,000 line software alone.
Now first of all, I'm not insulting you. ALL I care about is security its what I do for a living. I'm happy to see you guys are doing dev work but there is a problem with your branding. And please cool it with your assumptions I'm not calling names. Your response was amusing and shows you don't really read properly (I never once insulted you, your paper doesn't adequately explain the protocol)
What you just described 2 of 2 linked to 2 of 2 is NOT SAFE.
Basically the validator holding keys in each account can pretend to be the buyer or seller and double spend their payment. Basically what you are describing is multisignature exchange not decentralized exchange. It has some very serious security holes.
Validator can pretend to be buyer or seller, default on outgoing payments and cash in on live trades. Validators sign key can also be hacked and then double spent.
The only way to do decentralized trustless exchange is atomic trading (and maybe lightning network).
What you propose is more secure than let's say Poloniex but it is absolutely not decentralized. Now you can get angry, call this fud whatever. There is nothing in this for me except to point out the flaw of collusion in this design. Fix it or not is your call but investors be aware this is a multisig exchange, not a Dex.
On that note good luck.
Cool at least we're not grudging, you're welcome, let me explain how its going to work. The situation you describe is true in the case where the validator is a single entity hosted on SafeNet, even if in order to get the private keys, one must basically break safenet. The difference now (and this is a disclosed information) will be run simultaneously from different wallets, each wallet will have its own validator Instance, its job is to verify the orders and the transaction informations. During a trade, if someone manages to get access to its private key, he will be the unique victime of his cheating attempt, as the other instances won't accept his order. It doesn't means that NVO will allow 0 confirmation bitcoin transactions, at this stage it would be hypotethical, a minimum of 1 block confirmation is required, however, LN integration is a must, as it solves a lot of issues experienced by the DEXs, Segwit will be helpfull too. Regarding the possibility to send a transaction with low fees, the different validators will check this information too as the minimum will be determined by the validator depending on the network state. I know about Bitbay and BitHalo, and i understand that you defend your ideas about atomic trading and i appreciate the exchange of idea. |
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I haven't seen anything in the Whitepaper about "Reputation" or "Trust" of users, but I think they would be required. This may require some form of registration process. Here are a couple of possibilities.
Regarding a peer-to-peer transaction, how do you ensure that both peers add the appropriate transaction fee to ensure it is confirmed by the network allowing both parties to receive their trade?
Example: User A exchanges Bitcoin for Dash with User B. Neither user sets a fee. User A receives Dash right away, User B sees the Bitcoin transaction broadcasts to the network but it never gets confirmed.
Could it be possible for a user to outperform the validator's verification and transaction broadcast process causing a double-spend transaction and resulting in one user ending up with nothing?
Would a "Report User" feature be required if someone gets screwed out of their transaction?
Thanks for the feed back, regarding the verifications, they will be done by the validator, if there is any issue regarding the transactions it would be a fail due to NVO, there will be several verifications done by both sides prior to allow a transaction broadcast, if the user doesn't defines a transaction fee, it will be defined by the wallet when the order is sent. in order to cheat on the validator, one would have to get access to the validator which is secured by safeNet's encryption and protocole. My second question may not have been clear enough. Since users control their private key, it is possible for them to have a non-NVO wallet that also broadcasts transactions for the same address. If I understand it correctly, there would be a small window of opportunity (fractions of a second) between when the validator verifies funds on the network and when it broadcasts a transaction. A user could broadcast a transaction with their non-NVO wallet after the validator has verified funds but before it broadcasts a transaction. The network will accept the first transaction from the non-NVO wallet broadcast and reject the validators broadcasted transaction as a double-spend. An attacker could quite easily take advantage of this critical loop-hole, hence the need for some measure of "Trust" between users on the exchange when conducting a transaction. If exchange volumes increased to a high level, would it be possible for a trusted user to launch a continuous massive double-spend attack across the market resulting in huge losses to users? DEXs are still a new concept and I don't know if this is a vulnerability or if it has been addressed or exploited yet. Sorry, maybe I haven't been clear enough, creating a multisig address with the validator means that you will use one of your addresses, and create a multisig address using one of the validator's addresses, the result will be a shared address, which means that even if a user have the private key of the parent address (the one used to create the multisig address) and tries to broadcast a transaction, the validator will refuse to sign it as any transaction would require both signatures. |
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I haven't seen anything in the Whitepaper about "Reputation" or "Trust" of users, but I think they would be required. This may require some form of registration process. Here are a couple of possibilities.
Regarding a peer-to-peer transaction, how do you ensure that both peers add the appropriate transaction fee to ensure it is confirmed by the network allowing both parties to receive their trade?
Example: User A exchanges Bitcoin for Dash with User B. Neither user sets a fee. User A receives Dash right away, User B sees the Bitcoin transaction broadcasts to the network but it never gets confirmed.
Could it be possible for a user to outperform the validator's verification and transaction broadcast process causing a double-spend transaction and resulting in one user ending up with nothing?
Would a "Report User" feature be required if someone gets screwed out of their transaction?
Thanks for the feed back, regarding the verifications, they will be done by the validator, if there is any issue regarding the transactions it would be a fail due to NVO, there will be several verifications done by both sides prior to allow a transaction broadcast, if the user doesn't defines a transaction fee, it will be defined by the wallet when the order is sent. in order to cheat on the validator, one would have to get access to the validator which is secured by safeNet's encryption and protocole.
Sorry if I missed this but I have 2 questions:
I saw in your presentation that the wallet has seed so if I have say 5 alt coins in there and computer dies when I restore the new app with the seed all my alts will come back?
second question is how many Altcoins can I trade?
Thanks and good luck with ICO.
Yes, the wallet will have to be exportable and backup possibilities have to be provided as users will have the ability to export their wallet to mobile versions. |
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15m NVOT / total funds collected = price per NVOT
I think you mean: Total funds collected / 15m NVOT = price per NVOT Ex. Raise $10million / 15million tokens = $0.6̅ each Raise $30million / 15million tokens = $2.00 each Yes,i think that i screwd it because of the repetition, but yes, you are right. Thanks for correcting.
I would like to share with you the answers to some interesting questions : 1) Why do you think LocalBitcoins is way more successful than the existing DEX projects out there?
2) What would make Poloniex and Localbitcoins users switch over NVO.
3) What are the real reasons users choose the exchanges they choose?
4) And why the hell people are using awful and inconvenient sites such as LocalBitcoins and BTC-e? What is their added value that makes them so popular ?1- Because localbitcoins offers the possiblity to exchange FIATs to Bitcoin directly, and one of the most popular demands regarding this kind of exchange is Paypal. 2- Regarding Poloniex, it is mostly an issue regarding the platform's bots, because sometimes during bitcoin's high/low phases, the bots linked to Poloniex slows down the platform. Bittrex for example is newer compared to Poloniex, but they earned reputation because they sorted the coins, there are no forks or shitcoins there, and it was one of the first exchanges to add coins like Waves and the reçently strong coins. One of the poloniex's strengh was the support of XMR and ETH. Now, could you please check the XRP wallets ? How many users would like to use NVO for Ripple ? How many developers would like to use NVO for their projects ? About ripple, the 24H volume of Ripple is around $136M, if we can get about 40% of the volume, how many users will be interested to use our DEX ? ie: if we have 40% of the XRP volume in the NVO DEX, it will bring around $80 USD Weekly, in means that the holders will get $1.120.000USD. The crowdsale is around $2M, after two weeks all the holders get their funds back. Needless to say what will happen if they keep on holding them. Most of the wallets are non official, you can check them, some of them are good, but NVO can do better. Regarding localbitcoins, they don't have a wallet, how about implementing them on NVO using the plugin system ? Both projects would benefit from it. 3- Reputation, innovation, the ability to add new pairs quickly. Because it is not easy to add a new coins and maintain them, there are always wallets on maintenance. 4- BTC-E is a fake volume, their code system is used as a support way by third parties platforms. Localbitcoins is popular because you can use a lot of different payment methods who are not supported by exchanges. The wallets are customisable, anyone can either create a plugin, or a "mod" for the wallet, like a trading "mod". We will work on the plugins to provide as much "mods" as possible for the different users, everyone will have the basic wallet, and then they could choose a special modes and switche between them. The most important is the validator, as it will meet the ideas of everybody. What is the actual, tangible invention or innovation that NVO brings?The main innovation brough by NVO is its mixity, NVO won't be a DEX only, but a complement to the blockchain projects. Not a way to get money out of fees, but a way to join projects together. NVO isn't a blockchain to be compared with other blockchains as it is not required, except to get more funds, regarding development, it is not mandatory to use a blockchain for a DEX. I would like to also ask if your team is aware that the "Launcher" will soon be deprecated for a new paradigm that is called the "Authenticator".It doesn't change anything, what ever happens the most important is to get access to the network in a way or another, from there, you can work your own solution or adapt the existing one. I'm a linguist. I understand language barrier. Please, seriously consider hiring somebody with impeccable English and communication skills who is not just excited about the project, but who has perfect understanding of the technology and at the same time the ability to communicate this understanding. Correct spelling is very important in order to make a serious impression, including on forums like this. I'm not talking about a marketing monkey, but a serious public relations person.Effectively, we will try to recruit people with a minimum of development knowledge, and the required communication skills, not only for english, because NVO have to be international as it is decentralized. |
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I deposited some ripple to the NVO demo wallet now every time I open NVO the app freezes.
We said it is a demo only, don't worry, it will be solved at the next update, if you really want to recover them, we can try to guide you on slack, but you will need technical knowledge, at least the basic.
I’m new to all this crowdsale thing but I have a question, in the withe paper is specified 15 million NVOT will exist with a price decided by the market, does this mean that supposing the project gets 1.5 million the price is going to be 0.1 dollar for every NVOT? And if an investor decides to put 3 thousand dollars does this means he is going to receive 30,000 NVOT?
Keep it simple, the value of NVOT will be defined by the total amount of funds collected. 15m NVOT / total funds collected = price per NVOT
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A few concerns I have regarding the development team. I am trying to get more background on Yanni, but his LinkedIn profile is unavailable. There is little information to go off. The NVO website does mention he was Head of Development for Veserus crypto exchange. Currently www.veserus.com is a dead link. The thread for Veserus mentioned that the exchange was 90% complete in January, what happened to the exchange? https://bitcointalk.org/index.php?topic=1693034Regarding Ton, I reached out to a former co-worker of his and he gave positive remarks and mentioned possibly using their exchange for his business in the future. I would prefer his LinkedIn profile be more populated with experience and background. I will probably take a chance and help fund this startup, but I would feel better if more technical background was available. Yes currenctly veserus is down because i am still implementing features, working on video/voice chat, and it is better because people would have tried to connect to it while it is still in development. I have to add more features to compete with the other exchanges. Some users registered and i tried to deposit to trade, so i had to refund and downed the website. For background questions, i already replied here : https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/359Feel free to ask more questions.
There is volatility to consider, when accepting different currencies for escrow during a crowdsale from time of deposit to time of delivery of the converted asset (tokens). The issue is averted when accepting only one currency for escrow from all investors. However, for convenience, ideally, various currencies are accepted during a crowdsale event.
The NVO crowdslae, as an example, is accepting over 5 different currencies for investment.
If a bitcoin donated now is worth 10 eth and tomorrow it is worth 5 eth, the investment ratios between two parties, party one investing 10 eth and party two investing 1 btc, become skewed. The conversion at time of distribution is equitably based on some neutral fixed asset measured at time of conversion.
Therefore, the amount of tokens for any given donation cannot be immediately known when accepting various currencies for donation/investment as opposed to just one currency. It is the most obvious reason preventing the pre-sale conversion amount.
This is obvious to some, but worth mentioning to others in case anyone might be wondering why no token to currency value is stated before investment.
Volatitily is the subject of patent pending(s) I have as applied to decentralization architectures.
So a couple of segregated witnesses came to my door the other day "Gods love is unlimited, but our patience is tempting".
Anyone interested in this elaboration, (or the joke ha!) meager donations accepted here: 19baMnvNEo3aQwPo7kdmRNAAkr17bLGk3P
Thanks for the info. |
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I would like to share a post i made on the safeforum, they asked me if we are going to help MaidSafe in the development, i decided to answer about how the development will be, after all i am a member of BTCT community, and i must keep my community informed : I know that MaidSafe is working since three years, but NVO won't need 3 years to deliver, and have to be ready in 6 months, after the crowdsale we will finish the full specifications of the NVO DEX, and will do all the remeaning research in the same time, which will require 15-20 days, untill there, everyone would have received their tokens, and the team owuld get the first milestone. 50% will go to Ton, and 50% will go to Yani. Ton will amortise a portion of the marketing, and will setup the administration side, marketing, design, support. Yani and I will recruit some developers and assign them the different tasks as we would have done the working dashboard, with the research results as a developer have to do a minimum of research before working on a project to get damiliar with the tools he will use, that will save time for the development, for sure we will listen to the developers regarding the possible improvement ideas and issues. An API documentation needs 1 to 2 months to be redacted, the team will have to follow the timeframe of the documentations, Yani will work on the wallet with the designers and implement the features on the go, he will have to communicate with the API developer(s), I will work on the validator, and another dev who will implement the different coins with their assets. Meanwhile, Ton will be in charge of the support and will take care of the communication, he will also work with the designers to get a fluid and clear design. Alex will take care of the NVO promotion as we are at 99% sure that he will be the marketing manager and will work with Ton. After the 1-2 months of intencive work, i will spend 1 week watching drangon ball, marvels, drinking beer and sleeping, as i will need to recover (i am sorry for this off week but need to have some rest) After that, we will proceed to the tests and fine tuning during 21 days, the operation's duration will be about 4 months. From there i think that our team will be heated enough to support MaidSafe and help them. The development fees will be taken care of by NVO, not MaidSafe as all the projects supported by NVO. As we don't know about the financial situation of the different teams. It is in the interest of NVO to help all the communities as this is what will bring the volume in the future, and MaidSafe could see and evaluate our skills after these 4 months. |
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If I invest say, Bitcoin vs ETH is my investment based in USD at the time I sent it, is it based in USD at the time that this ICO is over or is it just based on bitcoins at the end/when the TX is from and you happen to accept other currencies that will be taken into account as a portion of a bitcoin at the end of the ICO (ex. I give 1 ETH and it tanks to 0.06BTC.
I speculate that the USD total will be used at some fixed time after the crowdsale has finished. This seems like the only sensible option that protects the team and does not require storing a lot of metadata. Building up on Chris's comment and Lauda's speculation. Please clarify the following: Assuming all altcoin contributions will be converted to BTC in order to process the NVOT distribution and given the volatility of crypto markets in general, please clarify at what particular time (ie. 2017-JUL-01 00:00 UTC) will the contributions be converted to BTC? This is especially important for altcoins contributors. Is it possible to get a consensus among the devs on the matter as it was not included in the whitepaper? As soon as the crowdsale is closed, we will process the deposits and then convert the coins, except for the low volume coins as they could be dumped, these will be exchanged gradually.
These questions may have been answered before, but I believe these answers should be public knowledge.
How does this platform differ from WAVES and BTS? What advantages/disadvantages does it offer over the aforementioned platforms?
After the Crowdsale and development is done for the coin, how will this platform gain traction (volume) against a large volume exchange like Poloniex?
Thank you for your time.
NVO isn't a blockchain project, NVO wants to use the blockchains and be complementary to them, it aims at supporting the different cryptocurrencies and crypto projects. NVO will offer a plugin system in order to give the possibility to the different service providers and crypto devs to bridge their projects to NVO and provide support for their project to the NVO users. The first plugin will be for coinpayments who wants to bridge a payment processor plugin into NVO. It will be one of the volume sources for NVO. It is also possible that Alex the CEO of coinpayments becomes the Marketing manager of NVO as he managed to get 200k users for coinpayments.
These questions may have been answered before, but I believe these answers should be public knowledge.
How does this platform differ from WAVES and BTS? What advantages/disadvantages does it offer over the aforementioned platforms?
After the Crowdsale and development is done for the coin, how will this platform gain traction (volume) against a large volume exchange like Poloniex?
Thank you for your time.
Also can this launch BEFORE maidsafe goes live? I hear maid has had a lot of issues. its making me consider holding off. If the validator is ready, and SafeNet isn't ready, we will first help them with the development, but if it is still impossible we have though about alternatives like, Radix or a even our own P2P network with our own blockchain using some cryptocurrencies features, it would take about 4 additional months to deliver in this case.
I have checked this project out for days now and i like the idea, however there are some points i need to be clarified.
By owning NVOT I am basically shareholder from an asset exchange. For my investment in the business I receive NOVS as dividends. So far so good.
The problem i see is the legality, by being part time owner or shareholder of an exchange for digital assets which are regulated in almost all countries.
By offering the key function, your site works as an intermediary system, enabling the exchange of multiple coins. In most countries you would therefore operate an unlicensed business and all income/ dividends from said business would be unlawful and punishable by court.
How do you operate the site, where are servers, what security do you plan to not run into problems with FinCEN or other official authorities?
Especially in this case it is even more difficult since it is decentralized. We will receive a fixed payout of 50% of the fees. Therefore it is not even like a dividend in classical meaning....
I hope you can explain how you wanna tackle the legal aspects of operating and investing in your project.
Thanks for the feedback, as i see in your post there is a mix of concepts, let me clarify. There are no servers, except the API clusters and they are used to provide informations to the wallet users and as a basic support for the plugins who may require it. The NVOS have been added to the project in order to keep the project legal as its value will be fixed at 0.99$, as any amount sent below 1 usd is considered as a donation or a gift, it won't be NVOT or Bitcoins, it will be a convertible token which will work as a faucet for the owners of NVOT, it will also give more flexibility to the NVOT owners as they will be able to either store the NVOS and exchange them later, or exchange them directly for Bitcoins. It is like asking wether a faucet is legal or not. I hope that the answer helps you to clarify the different concepts, do not hesitate to ask for more informations.
What would be the first coins included beyond the demo release? Will Monero be included in that first batch of listed coins or will it be integrated later?
I ask because XMR seems to be the coin that is hard to integrate maybe because of its RingCT feature? I know Jaxx had a hard time integrating it, and dropped it from their road map.
The first coins to be implemented will be the NVOT and the coins supported by the crowdsale, then will come the others. We are aware of the difficulties regarding XMR, the plugin system will be handy to include them into the wallet as we will be able to create a customized environment to handle XMR which will ease its integration.
If I invest in ICO when I get NVO coin and when can I be able to sell on exchange?Please reply I do not know much
Once after the crowdsale can expect the coin getting listed to some of the exchange platforms. Mainly this gets started with NVO.IO Exchange. So there won't be any complications In the buying and selling of the NVO coin. the team will examinate all the possible sollutions regarding exchange listing and will inform all the participants of news regarding this point.
Sorry if this is not useful information, but since I am a newbie, and this will be my first ICO (also my first signature campaign!) I would like to announce that I will participate with 0.01 BTC by end of this week. Yes, it's not much but it is actually my first significant amount earned over many weeks/months.
It's also very new to me to register for a counterparty wallet. I don't know any friends who have done it so it will be a good learning step for me. I'll update in a few days how it goes.
Thanks, welcome and good luck, feel free to share your experience and troubles.
Backing up this crowdsale too. Would love to have a decentralized exchange too. Hope there's a decentralized trollbox too!!!    Would be a challenge, risks of centralization, but will definitly think about it !
Backing up this crowdsale too. Would love to have a decentralized exchange too. Hope there's a decentralized trollbox too!!! Oh god please, if there is a chat box, it should be very, very separate from the main page haha! I love chatting with others too but not if all I see is spam and the chat moves too quickly to read. AND it shouldn't make my main page laggy! even if implemented, you won't lag, it won't be centralized.
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I have just spent close to 6 hours reading the white paper and the entire 35 page thread as due diligence in order to decide whether or not to invest in this project. Frankly I was astonished as to how many people don't even read a shred of the thread as the same questions kept coming up over and over again. This thread could have easily been 5 pages of solid information had everyone read previous posts before asking questions already answered.
Anyway, I am especially impressed with Nemgun, Lauda, and TonBi for jumping in and addressing every single inquiry and concern. I am moving forward with my investments in this much needed Dex and can only hope that the crowdsale is so successful that they are able to hire more talented devs and deliver ahead of schedule.
Congratulations Team NVO!
Thank you so much for your great feedback, i am so pleased that you took the time to read the whitepaper and the older threads. If you need anything or have any question, feel free to ask us.
Hello everyone, I would like to tell you about a problem that the team has been facing for around 3 days now. A certain person suddenly appeared, named Roboteddy and posted a thread on Reddit with false information and speculation at a time at which none of the developers were available. The CEO of the project had deleted that thread as he wanted to redirect it to Slack, so that Yani or I could answer him. In hindsight, we realized that deleting it, even temporarily, was a mistake. Therefore, we have apologized for this deletion. The user has then threatened to defame us via social media, even though we reauthorized him to post the thread. I have wasted 48 hours responding to misconceptions from a madman who tried to talk like a developer using erroneous information just in order to give bad feedback to the team. Today, he has allowed himself to defame the project on another subreddit. I think that many developers from various projects have had enough of certain trolls that were just trying to bother and destroy their projects. This kind of troll manifestation that attempts to mislead newcomers in the Bitcoin and altcoin communities are well known. Despite of everything, we are supposed to welcome them properly by explaining things as they really are. Therefore, I am calling out any developers, users of both altcoins and Bitcoin to come and evaluate me on the project’s thread in order to correct the image of said project. I wish the community would be welcomed in the face of such problems. NVO is a project that is on the same spectrum as the policy of Bitcoin, namely decentralized. It is not a blockchain that competes with other blockchains; NVO is trying to bring a plus to all of the blockchains. Please take this post and this request into consideration. Thank you all. https://www.reddit.com/r/NVO/comments/6g2wwr/originally_deleted_by_mod_reposting_fundamentally/https://www.reddit.com/r/ethtrader/comments/6fghd6/thoughts_on_nvo_decentralized_exchange/dipmoyl/?context=3I read through troll comments and he makes convincing argument to noobs which can be destructive however the burden of proof lies with his argument and he still has not proved his point successfully with facts.It has however made me hold back before buying any NVO tokens when they are released on exchange eventually until the whole project is seasoned. the original post referred to the description in their whitepaper, which didn't involve multisig. Since then, they've described a different approach that uses multisig transactions. That approach centralizes the exchange, and does indeed make it so someone who compromises the validator can pull funds out It is unfortunate that trolls can simply create these issues without proving the argument they are making.It is like here that is full of trolls doing these things for whatever reason sometimes to ensure they get in at small marketcap for lion share of equity etc but many slimey snakes in the world as a whole. Personally, i don't like reddit, with all due respect it sounds like reddick in my head, It sound also like redtit  Thanks a lot for confirming what i said, the problem is that he haven't formulated a real question about coumputation, it was like a an absolute fact, a lot of people think that safenet is just a decentralized storage while the safeLauncher itself is a logical calculator. Here are the full answers to that question : https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/412https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/416
Sorry if this has been explained before, I'm new to ICOs and am interested in NVO, my question is; how many tokens do you get per 1 ETH contributed during the ICO period?
I understand the whole process that the tokens will be in the counterwallet after you import your private key and price will be determined after ICO is completed, but how do we know how many tokens we will get? Cheers.
It is simple, all the currencies iwll be converted to bitcoin, and we will divide the total amount of bitcoins by the total supply of the token (15M) and then we will send to each participant and amount of tokens proportional to its participation.
The team started working :  |
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Hello everyone, I would like to tell you about a problem that the team has been facing for around 3 days now. A certain person suddenly appeared, named Roboteddy and posted a thread on Reddit with false information and speculation at a time at which none of the developers were available. The CEO of the project had deleted that thread as he wanted to redirect it to Slack, so that Yani or I could answer him. In hindsight, we realized that deleting it, even temporarily, was a mistake. Therefore, we have apologized for this deletion. The user has then threatened to defame us via social media, even though we reauthorized him to post the thread. I have wasted 48 hours responding to misconceptions from a madman who tried to talk like a developer using erroneous information just in order to give bad feedback to the team. Today, he has allowed himself to defame the project on another subreddit. I think that many developers from various projects have had enough of certain trolls that were just trying to bother and destroy their projects. This kind of troll manifestation that attempts to mislead newcomers in the Bitcoin and altcoin communities are well known. Despite of everything, we are supposed to welcome them properly by explaining things as they really are. Therefore, I am calling out any developers, users of both altcoins and Bitcoin to come and evaluate me on the project’s thread in order to correct the image of said project. I wish the community would be welcomed in the face of such problems. NVO is a project that is on the same spectrum as the policy of Bitcoin, namely decentralized. It is not a blockchain that competes with other blockchains; NVO is trying to bring a plus to all of the blockchains. Please take this post and this request into consideration. Thank you all. https://www.reddit.com/r/NVO/comments/6g2wwr/originally_deleted_by_mod_reposting_fundamentally/https://www.reddit.com/r/ethtrader/comments/6fghd6/thoughts_on_nvo_decentralized_exchange/dipmoyl/?context=3ignore this troll, this project will be amazing and has extreme potential, some hardcore badass crypto guys spoke highly of this project so im sure it will be great Thanks a lot for your feedback, but i can't ignore all the trolls, especially when they spread fake informations, they can misslead newcomers to the crypto world. Personally when i develop a project i try to develop the community around it. It is always better to develope a project with the community as you can give them real informations, and as a member of the BTCT community I want to preserve the future members of the community Altcoin and bitcoin, it is true that we are judged by our rank in BTCT, but we must not forget that rank also means the experience to share. thanks again for your support.
I'm now wandering how can you cope with race conditions and double spend attempts in cross chain trades.
Suppose I sell my asset X through NVO, buyer sends me asset Y and in the meantime I transfer my asset X somewhere else through a native wallet.
There's a chance I get asset Y for free.
Thanks for your support, this have been addressed, and here is the content : The answer to 0-conf attack vector is in the reddit thread. Effectively when you validate a transaction without confirmations (0-conf), there is a risk for Double spending, or replace by fee, speed attack ... but this can only happen in the case of a normal address, in the reddit thread he didn't considered the specifications of a 2-OF-2. In the case of the validator, the trades will be handled using multisig 2-OF-2, which means that when you will trade using the validator, you will have a shared 2-OF-2 address with the validator, this will prevent this type of attacks as the validator's won't allow such transactions or manipulations. Once the Validator allows a transaction and process it, you won't be able to issue an attack as you will need the agreement of the Validator. Unless you corrupt the validator, which means breaking SafeNetwork, regroupoing the framents and then decrypting them, all of this, just to get at the validator and try to corrupt a single address. These steps are actually not feasable, maybe in 10 or 20 years using quantum computers or using a lazer computer with graphen components. Even if you do it, you won't be able to corrupt more then a single address, the one you will share with the validator because the addresses will change randomly. Really intresting. Does this system need multisig support in all the coins? may be I'm wrong but I think Waves doesn't have multisig yet. Another question: ever tought adding NEM to the supported coins? NEM has multisig support, has assets, but no asset exchange yet. Thanks for your feedback, i really appreciate it. Comme par hazard, le responsable marketing de NEM nous a fais le plaisir de nous contacter aujourd'hui, j'espere pouvoir m'entretenir avec eux dans pas longtemps, c'est déja un excellent pas en avant car NVO veut travailler avec touts les projets Altcoin. On utilise counterparty, on stock sur maidsafe, on veut utiliser toutes les blockchains. Regarding your question, here is one of the advantages of using SafeNet, we can create tailor made sollutions depending on each cryptocurrency, as some have solved the 0-conf problem, tx maleability or other flaws. Which means, no, it is nor mandatory but it will depend on how the crypto handles such problems. Yes Waves doesn't support multisig. I am the developer in charge of the validator, i decided not to create a blockchain as the Validator isn't meant to be competing against other blockchains, instead, he will complete them and use them and proof that they can be securely used safely. It wasn't really possible to explain these points into the whitepaper because it is a very wide subject as it will need a lot of time for each crypto. |
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