Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.
When are we getting the dividends that are owed for the past 3 months, according to the above? When Sasha has time to do it. I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first. Any news? I sent a message to Azeh about it. I will reach out to him again. |
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Which price will be used for the BTCD swap after the ICO? The price of the market on exchanges or the average price of the ICO(collected BTC/total KMD quantity)?
Currently it is the average price of btcd during Aug + 50% premium (0.005325 off the top of my head) and that will put into the ico. Then it will be split based on amount raised. |
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iCEBREAKER,
Pangea is on the back burner until iguana is done.
BBR - This shows how ignorant you are. James is not even the dev of that coin.
SuperNet is being actively worked on.
Just as a house needs solid foundations, so does a solid crypto tech. This takes time and dedication.
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As an investor I dont like the way u guys handled this, no notice of these plans whatsoever untill too late is how i feel! If I would have known this before I bought btcd, I would have found another project. 10 weeks of waiting for gains from 400k buyin and get 532074? to me this is shitting on especially investors who have been loyal to btcd for years. As soon as i can see abit of profit, im done supporting this coin, but good luck on the project, so I guess I have abit more for Zcash then  So you bought at 400k, nearly 30% instant profit for 10 weeks is too long to wait? Iguana has been in dev for 2 years.... |
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[...] James has no obligations to you nor BTCD holders in general, and is free to leave at any time like any other open source project. What people need to remember is James did not start this coin but has helped it become relevant.
If he wants to just make Komodo without a BTCD swap he is free to. How would that work out for you holdings?
Thats right, but he pushed BTCD with his statements, that the coin will be a core part of supernet. Thats the reason why the people bought it. Thats the basement of the price. Nobody would believe him anything in the future if he would say now: "Sry guys i will use another coin for supernet" The swap is absolutely necessary. Dont sell it as his good will. And now the stakes of these buyers get diluted without any discussions or warnings. I have only a few BTCD which i have bought over a year ago because of james's announcements. Now i feel a little bit.. pranked. Sure but does James get out of this? His hard work done for free so the btcd holders can profit from? Why does everyone seem so entitled when most couldnt even bother testing the tech over the last 2 years? If more people were less concerned about a pump and more of getting it to market, we wouldnt be having this discussion as the tech would be finished by now. |
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You do realize that a lot of the real opposition is actually from BTCD supporters right? This ICO actually affects us the most, not other coins/projects.
I didn't see mention that iguana will be released before end of ICO anywhere, so I must have missed it or it was buried somewhere in here or in slack. If this could be made more prominent then it would change some things. Preferably, iguana should be released even before the ICO starts.
Of course, there is this whole other issue of the ICO controlling BTCD market prices for the next months to come and ultimately diluting current BTCD holdings. But I won't go into that right now.
BTCD holders have a vested interest in this true, but i dont think the real opposition is from BTCD supporters thought. If it was then logic will dictate their responses (like yours) and not fudding like the rest of them. If you have any questions or concerns feel free to shoot me a DM on slack or PM me here. Actually, current BTCD holders have the most motive to oppose this ICO. It is the holders that are directly affected by the price control and eventual dilution of their holdings. Not Zcash, Monero, or any other coins/projects out there. Having said that, I wouldn't mind a 1:1 swap, but of course this doesn't bring the team enough guaranteed money. In regards to the actual Komodo tech, it's hard not to be skeptical given what has happened so far. It sounds like cool tech, but then it's just another thing that will require extensive testing, a gui, etc and possible delays/drawbacks before it'll be usable by the public. Who knows how long that will take. I will wait for Iguana release first, then maybe that will gain back some of the trust. Yep best to wait to see what iguana can do before deciding. |
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James listened to my concerns and raised points to counteract those concerns and took on the feedback. This is what made me join the team, not to get some incentive to do so.
Now if you want to know if im biased, well i am since im on the team. This does not remove the fact that i am a big BTCD holder and have had the best interest of BTCD holders at heart when speaking to James about this.
In any case you are free to swap or not swap. If you dont swap you will still have the BTCD you have now.
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BitcoinOnFire why dont you man up and show up with your main account and not this puppet account?
20 months between posting and we are the target of your FUD is too obvious.
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@Pondsea - Since the Komodo team members are likely to benefit more than BTCD investors (payments from invested BTC), your opinions mean little.. Komodo team members opinions are NOT neutral and it is NOT genuine or authentic to pretend like it is..
The most neutral opinion is one of a current (as of last day of August) BTCD investor who is not part of Komodo team and NOT likely to be paid from the ~30,000 BTC collected..
We all know that Iguana/SuperNET/Bitcoindark 'had' a huge potential for a sharp rise in value on the freemarket the moment the very cool wallet application was truly ready for mainstream.. Monero and Steem had 50X rise on arguably less tech.. One komodo team member told be that 'whales' had already picked Bitcoindark for a minimum 7X gain... Not a 25%, but a 700% gain (minimum).. This makes sense now why you guys chose 30000 BTC for the ICO, as that's about what whales were valuing Bitcoindark at.. Except, now it won't be BitCoinDark investors who receive the gain, it will be whomever Komodo team chooses to benefit..
Iguana/SuperNET/Bitcoindark has Telepathy, Ram Chains, Pangea, InstantDEX, EasyDEX, multi-wallet, 100X faster sync, 50% compression, etc. etc. etc. Komodo only adds a couple new features and therefore Bitcoindark/SuperNET/Iguana should be more like 80% or 90% of ICO, not 20%.
AND.... That is the opinion of a non komodo team member, who is managing the investment of BTCD for others. I effectively have the obligation to reach out to Komodo team and ask them rethink this..
Komodo team - please.... really think this thru carefully.. What you have done is NOT ok.. It's basic common sense.. In the statutory world, people likely go to jail for less.. 7X Market gain on 4Mil is 24 Mil profit.. This is NOT a lemonade stand. You have to act with the utmost care for your investors. Those who are signatures on the Komodo Multi-Sig BTC wallet, please be very careful and thoughtful about what you are doing, I have the deepest respect for you all and would hate to see you get into any trouble..
Promises were made and those promises need to be fulfilled with crisp, easy to delineate, lines.. Please do not co-mingle Komodo ICO with current obligations until after those promotions have been fulfilled and the freemarket has had a chance to adjust.. I have been a long time advocate of Supernet/Bitcoindark - I've been your biggest fan.. You need to fix this..
Komodo team: You guys are welcome to reach out to me on supernet slack, I'll be happy to explain to you in more detail, the various reasons I believe you need to seriously rethink this.
You can lead a horse to water, but you can make it drink.
Good points! I think those BTCD investors who will be paid 'advisors' from the 10% KMD premine need to declare this openly now to help further discussion. CryptoSporidium i dont think I have seen you in the BTCD thread. I have been active in the BTCD community for over 2 years and have the biggest? holdings outside of Supernet related funds. So i believe my opinions concerning BTCD matter. Can you please let me know which Komodo team member said we were guaranteed a 7x gain? The majority of the current investors in BTCD are in it for the tech and vision and not to get out during a short term pump. James has no obligations to you nor BTCD holders in general, and is free to leave at any time like any other open source project. What people need to remember is James did not start this coin but has helped it become relevant. If he wants to just make Komodo without a BTCD swap he is free to. How would that work out for you holdings? |
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It seems many have failed to grasp the idea of dpow. From my reading skills, which many of you have none, dpow idea requires monies to be paid to keep it secure. ie: pay for the bitcoin transactions.
This ico makes for some interesting gambling. Jl777 said iguana will be released b4 the end of the ico, as well as the testnet for komodo. That is the bet. There is more risk at the beginning then the end. Remember several ico's, eth, wave, etc had zero tech before the Ico. Jl777 is promising tech before the end of ico. Infact you can play with iguana now. Maybe there isn't a gui but then didnt monero have zero gui forever.
Speaking of monero and it's pump. I think it's highly likely the fud is coming from their camp as they feel threatened about the upcoming release of zcash and zcash tech and have resorted to pump and fud as the strategy for their project.
What is crazy to me is everyone on this board should be on the same team. Our ecosphere needs things like what jl777 is creating. The fudders bitch and moan like jl777 ran over their mothers. Jeesh get a life.
You do realize that a lot of the real opposition is actually from BTCD supporters right? This ICO actually affects us the most, not other coins/projects. I didn't see mention that iguana will be released before end of ICO anywhere, so I must have missed it or it was buried somewhere in here or in slack. If this could be made more prominent then it would change some things. Preferably, iguana should be released even before the ICO starts. Of course, there is this whole other issue of the ICO controlling BTCD market prices for the next months to come and ultimately diluting current BTCD holdings. But I won't go into that right now. BTCD holders have a vested interest in this true, but i dont think the real opposition is from BTCD supporters thought. If it was then logic will dictate their responses (like yours) and not fudding like the rest of them. If you have any questions or concerns feel free to shoot me a DM on slack or PM me here. |
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Reserved. I bought BTCD 10 days ago, am I eligible to already swap, have I missed a swap opportunity or what?
swap starts right after ICO closes and is available for a year. Just make sure to have the BTCD local so you get credit in the revshare asset snapshot I cannot find a btcd local client, can you please provide me a link? Thank you. Here you go. |
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Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.
When are we getting the dividends that are owed for the past 3 months, according to the above? When Sasha has time to do it. I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first. Thanks. by the way, will this be the last time for dividents or we will continue receiving in the future? I would have to ask Azeh, but i think it should come till we switch over, then the asset chains will take over divs. In terms of the stakers div, that i dont know. |
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Commodos says to this ICO   I would like to write a short update about supernet ICO and some events in the past. As i know all BTC from Supernet are still on a safe multisig wallet, could you post that link please James?, THX! and let me say good job so far, even if some projects lost some focus. I dont know about the BTC from the Supernet ICO but check out http://www.supernet.org/nav.phpSome of it has been invested this year to provide a healthier NAV. Whilst other coins are backed by promises, Supernet is back by assets. |
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Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.
When are we getting the dividends that are owed for the past 3 months, according to the above? When Sasha has time to do it. I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first. |
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Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD
When we take into account the bonuses during ICO, we get:
Oct. 15 - 25% bonus = 0.00425 BTC/BTCD
Oct. 16-22 - 20% bonus = 0.00443 BTC/BTCD
Oct. 23-29 - 15% bonus = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 - 5% bonus = 0.00506 BTC/BTCD
Nov 13-20 - 0% bonus = 0.00532 BTC/BTCD
To explain this chart a little. The BTC price here refers to the "max" price you paid for a BTCD coin to get the "max" bonus in relation to BTC investors (25 first day bonus).
You would have to buy under these prices to make sure you are better off swapping than investing with BTC.
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For all the fudders, the ICO is on the 15th of Oct. Save your energy till and start fudding around that date.  |
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There are two options - either the project is being abandoned right now, or it was already abandoned long time ago? So you say BTCD was abandoned long ago, and it was only illusion that it exist and will be sth in the future? Maybe I'm wrong but I think many people feel the project is being abandoned now with poor exchange rate to switch to a new project. I cannot prove anything - all discussion were on slack which deletes history. But all discussions and development were promising BTCD will be sth in the future and there was no discussion about new ICO and anything suggesting BTCD is abandoned project... At least not last 10 months that I'm watching it. PS Invested in BTCD 10 months ago, so what you mean about expecting short term pump? The one that can happen in 1-2 years since buy in? What Im complaining about is only that you assume/expect 5x funds dilution + risk regular ICO dump within 1 month, which leads basically to investment loss, as ICO will eat BTCD gain, which was very likely within next 3-6 months, and only can promise sth in much longer term. So again longer term... PS2 I see not many BTCD holders complaining, but judging by some questions, most people do not understand simple math and believes they are swaping 1:1. So I do not care much about those "convinced" that all is good. I'd like to hope all will be good like you say, but still I think how it is solved and communicated is wrong approach, and do not promise well.
James did not hold a ICO for btcd so who are actually investors?
He is a person that has no obligations to BTCD. He is free like anyone to walk away at any time and not offer this swap.
So before anyone thinks about dilution or the lack of a short term pump, think about a devless coin that has the same tech as any other alt coin.
How do you know you will get 5x dilution? Who is most people that believe they are swapping 1:1? |
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No - first you need to understand people, more precisely investors. Same guys as you need them more in ICO. I can agree more money is needed, but show me the costs planned and justification. Professional business approach. Also I repeat: What you win by discussion and going for compromise is: - respect - less complaining - trust, as you prove you treat investors seriouslyWhat invetors need:
- not freezing the price for 10 weeks so low
- not diluting funds so much
- trust/discussion
People need to understand that this ICO could be a flop in terms of BTC raised, why is everyone seeing the MAX BTC allowed as what the outcome would be? dPoW from my understanding could cost up to about 500 BTC a year, will you be funding that?
James did not hold a ICO for btcd so who are actually investors? He is a person that has no obligations to BTCD. He is free like anyone to walk away at any time and not offer this swap. So before anyone thinks about dilution or the lack of a short term pump, think about a devless coin that has the same tech as any other alt coin. |
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James is not part of Waves, that belongs to Sasha and Co. He did invest Supernet funds into Waves.
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It is a whole new approach for PoW . Hmm interesting concept the BTCD is building . Going to watch over this.
Thanks! I am glad somebody noticed dPoW is a brand new consensus mechanism that provides bitcoin security to all other dPoW chains. When is the white paper scheduled to be released? ICO announcement is essentially presentation of concept to potential investors to raise funds Announcing ICO without proper white paper is like showing up to venture capitalist and saying I have an idea, I can't really explain it, but trust me it's gonna be HUUUGE ICO starts on the 15th of OCT. It will be released before then. |
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