where did you get my picture?

10% of profits are for "overhead" I feel that running something at 90% profitability is quite acceptable from investors point of view. Real world companies are struggle to make 15% profit margins, at least when I was up to date on that sort of thing, it was. Maybe some companies are making 25% profits (I am talking net of all expenses not just gross profits), so if you feel that SuperNET should operate at a higher profit level than 90%, then please dont invest. Let me buy a Starbucks latter everyday for all key contributors if I want to.

Thank you for a thoughtful question!

SuperNET is half similar to closed end fund, yes it is. Purchasers of the closed end fund are the ones that will benefit from the advantaged investments in the altcoins. So, if we can average 2x as we convert the BTC, then this is making a doubling of NAV. I certainly am not expecting 8x like BBR for all of the funds raised! The key to this value is the fact that it has no overhead that is draining it drop by drop. It is the BTC in escrowed cold storage, or the altcoins purchased at the pre-SuperNET price.

The other benefit is to support the UNITE cause. Even if you think the ROI is not so good as compared to possible 60x for some altcoins, maybe you feel crypto is better as united instead of divided. Then I ask for donation of 1 BTC, or whatever you feel is good for donation to this cause. Then if there is some positive ROI, it is the nice pillow chocolate to know you helped the cause and make some profits at the same time. The more is raised with SuperNET, the bigger message it sends about the will of crypto to UNITE. Then this makes easier to make bigger SuperNET, which gives BTC more power and then the giant sucking of fiat into crypto is unleashed so we can go to Taco Bell (or KFC) and not feel ashamed that BTC market cap is smaller than Yum Brands

The other half of SuperNET is the operating half. This operating half is composed of all the best crypto tech integrated into a single crossmarketed system where the monetization of each coin is displayed in a nice list to select from. Like the google adwords, the highest bids are going to the top, so the auction process discovers the price for the value of the crossmarketing to 100,000+ SuperNET users. Additionally, the services that I am creating, Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebet, these will have some small fees that are lower than the centralized vendors and so it is benefit to users to use them to save money on fees and get decentralized peer to peer functionings. These revenues are flowed through the corresponding assets and these assets will be in the very center of the SuperNET core and their dividends will flow out to all the SuperNET owners.

Combining the click auctioning revenues and the dividends from the core assets is just the yummy gravy to the SuperNET. Of course it will take some time before these revenues are making big impact. I dont even know how to estimate the average fees per SuperNET users, nor the eventual number of SuperNET users. So with R * N with both R (ave revenues) and N being unknown, let us set the value of this at a small number for now. In any case, the SuperNET founders will be paying a zero premium for whatever this R * N * T is. T is the lifetime future values, of course to be proper we need to discount the integral: (Sum over Time(R * N)) / D
What sort of D discount is to be used? Not sure. So I structure it as costing 0. I figure it will be hard for this to be an overestimate and when it comes to peoples money I want to make sure for positive result.

I hope this is the acceptable pricing?

James

P.S. I am making nice stash of yummy chocolates for those who are taking the time to think about what SuperNET is. Let us not make it so easy for those too lazy to read and think. We try to keep this a test for finding the thoughtful ones. Dont want any trampolines.

um..
100 hours per week = ~14hrs per day, not 100 per day
The trick is to change the type of work to let the tired parts of the brain recharge

The monero camp (not its devs) mistreated me. At least I felt very insulted, especially when my thoughtful post on the XMR observer thread was totally ignored, until one person made a positive comment. Then I am accused of using a sockpuppet! Of all things to attack my integrity. Then my writing is ridiculed. I am incompetent to write a whitepaper, I know this. I only wrote the draft text and hired a professional writer for making it better. I liked the pirates to make it easy to understand for normal peoples. It was supposed to be split into two documents, one just with pirates and one without. I just dont have time for "GUI" things and I rely on others to just do what is needed. I also dont have time to micromanage or pester people. So a lot of things, they are unfinished. I am not a cryptographer, this also is used to dismiss my Teleport. So, making disparaging comments about my integrity, my intelligence, my tech, my coin.

Even I have my limits.

So, I revisit my BBR friends and realize to my horror that it had been beaten down out of top 100! To 1/40th of XMR price. Now nobody really knows who is doing this, but when a coin that has arguably better tech (let us not argue if it is actually better, BBR dev has made changes to the blockformat itself, clearly he is not a mechanic fiddling with settings, he is full blown engine designer!) and making new releases, including user friendly GUI, I wont list all the tech changes, please dont start a debate on which tech is better. Just try them both yourself and you decide which is better. Fair enough. Dont take my word, use your own judgement.

Anyway, the BBR price it turns around, but now there is all sorts of chatter to try to hurt it, but with knowledge the BBR is rising back to a more reasonable 1/5 value. If BBR tech is really as good or microscopically better than any other cryptonote, then what is the right price ratio? What is the right marketcap ratio? I let the market decide. So, now there is these large buying of XMR and some flashing of 1000 BTC buy orders. Clearly big whales are backing XMR and their advocates keep namecalling against BBR. So I feel big sympathy for poor little BBR. I am no big whale, I have not much BTC at all. Then I realize maybe I am able to raise some BTC with SuperNET. And actually this is likely some part of the reason I have started SuperNET. The other is I am still waiting for a release from other dev so I can debug Teleport. The other is a kind PM from noashh that reminded me I was getting a bit stressed and should take some time off. So, I took the weekend off and made this SuperNET. It is really just something that has to be done to counteract the fiat forces and I think the universe has conspired to make all these things happen. So I am lightning rod with all this but that is all, I just happened to be "lucky" enough to be hit by this lightening. Now I have to work so much before I can return to my preferred zen mode...

Anyway, as far as XMR goes. I like the BBR tech better than XMR and I certainly dont like the constant negativity from the XMR camp. Maybe there is nothing the XMR devs can do, but if this is indeed some coordinated smear campaign controlled by some XMR devotees, then they can stop the hostilities and make cooperation. I am not sure if they are able to do this and until they do, I wont have to think about whether XMR can be integrated into SuperNET core. I am a simple C programmer, but when I am personally attacked and get ridiculed when I am asking for the help, I do have a bit of a temper and the universe seems to help me out to defuse this anger in me. Sometimes in very unexpected ways.

So, conditions for XMR are to immediately stop any and all bashing of other cryptos. Talk about how good your XMR is, of course. Tech analysis of benefits, of course. Spreading rumors about personal things, not. FUD of course not.

UNITE of all crypto, this is the goal. Be part of this and of course there is a possibility of joining. But how can a culture based on zerosum hostility and "there can only be one" highlander beheadings, fit into spirit of cooperation?

If this toxic culture is indeed changed, then with the touted awesomeness of the XMR dev team I am sure there will be some tech that will be unique and valuable. I might require some significant investment in SuperNET as sort of a pennance, but I am practical guy and if XMR team will be benefit, then how can I refuse?

James

please refrain from misleading posts. Remember my warning about trying to pump your coin's price
My thread is a no FUD zone and also a no Pump zone.
Stick to facts.  I believe you feel Reddcoin should be added to SuperNET core.
I can confirm you sent me a PM and that the process of due diligence has been started. I cannot predict the outcome

James

P.S. If a coin starts pumping their price based on rumors of SuperNET core acceptance, then that alone could disqualify it. No Pumping. That is no good. It is like monkey on trampoline. Please calm

I am only asking for direct access to 1% of the funds. 99% will be in escrow(s)

I dont want the money, I just want to make sure the SuperNET funds are used wisely. If anybody else wants to be the decision maker, just prove to me you will do better and I will gladly step aside. As long as you do well, I wont see any need to step back in.

I really just want to start my day with a nice Starbucks latte and code for 12 hours and do some debugging. This is my zen mode. However, cryptoland is in trouble. The govts have successfully tarnished BTC, added immense volatility to its price and made it a fringe thing.

Now who here doesnt think that crypto in general will be much bigger in the future than it is today?
Is the impact of crypto going to be larger than Yum Brands? (#500 on Fortune 500 list, 5x BTC marketcap)
Love that Taco Bell

So if you believe crypto will be worth the same as TacoBell/KFC, then BTC $2500 is a price parity
Maybe crypto is worth more than a fast food chain conglomerate? No offense to Yum Brands!, but we are talking about the next form of money. In my book, quite significant.

What happened? My theory is some active attempts to increase the volatility, or at least encouragement for market participants to do so. Burn enough with massive volatility and the masses will avoid it. Coordinated arrests, hearings, bad news to change the markets mood. Basically the same thing was done to BTC as what happened to BBR. For no apparent reason the price just kept going down and it starts to death spiral, when the volumes (interest) goes away the end is near. But wait! There is nothing wrong with it, in fact it is quite good. So it is really just a form of propaganda enforced by financial losses.

How was it done. The Trampoline Maneuver. This is where you push the price in the opposite direction that you want it to go. I have described this on the BTCD thread as we had a trampoline jumping monkey for a while. The rise to $1200 for BTC was really quite rapid and too fast. It was no sustainable. So now at $500 we are looking at a lot of people hodling with a loss or have already bailed out and still under 50% from ATH.

What if there was no monkey on the trampoline to push the price up?
What if instead there was normal steady price growth with much less volatility to get to $500?

I think with everybody in profits, steady gains combining to giant ROI, the mood in crypto would be that of many happy. Instead things have become some sort of vicious angry envy filled zerosum dog eat dog not happy place.

We can all change this, and while it took the anti-crypto forces quite a while to coordinate this monkey on a trampoline thing against BTC, the crypto world can be much quicker to heal the damage. Just look at BBR.

James

P.S. If anybody wants to be the centralized single point of failure decision maker on allocation of SuperNET funds, just post here and if the community wants you more than me, I am glad to step aside.

P.P.S. I think it would make sense to setup up some sort of trusted escrow for each 1000 BTC raised. I am not so familiar with proper BTC escrow places, so maybe someone from the community can head up the selection of the escrow places. Like posted before the SuperNET funds are for long term HODL and so cold storage is what is needed most of the time. When there is a new coin added, then a swap for the new coin. Some details needed as most BTC escrow places probably cant handle some new altcoin. Hopefully these are details that the escrow team can solve

P.P.S. This whole identity thing... If you are not comfortable with my abilities, integrity and past performance it is quite simple: dont invest I am pretty sure SuperNET will get more than enough BTC for the construction of the giant fiat sucking machine as it is. Also, what if I am an AI? I think a lot of humans would be uncomfortable with that. Regardless of what my identity is, there will be many that will use it against me. What if I am Jewish? What if I am black? What if I am handicapped in a wheelchair and have to use a voice synthesizer? What if I am ugly? What if I am pretty? What if I am a girl? What if I am young? What if I am old? What if I am ...  You see, any actual identity and some faction will dislike or downright hate it. Best for no identity, in any case, soon it wont matter. Once crypto is united and all the required functions are staffed by competent peoples, I can go back to my zen routine. That is my goal, to become obsolete as soon as possible. Please help!

Now that I swamped my inbox, I think the proper procedure for coin application is for a representative from the coin to post in this thread.

noashh will do a pre-screening, eg. clones need not apply, there is at least one unique feature, etc.

Then it goes to a deeper tech analysis by chanc3r (nxt nick) and mobius/whale for biz stuff

Then it comes to me. I hope everyone can understand I dont have the time for looking at all applications until there is a very good chance for inclusion in the SuperNET core

James

I didnt realize the effect of PoW on block loading time. So not only is the blockchain smaller, it syncs faster. Thats faster faster!
Installs faster, runs faster, user friendly GUI and some internal improvements hard to explain to users but just having all the user visible improvements and knowing there are many more internal ones, this is very good

We can compare other cryptonotes as using a steam engine and BBR using internal combustion engine with advanced electronic injection system. Nothing wrong with a steam engine if you are using it for a locomotive.

I see the market is properly revaluing BBR to its rightful place at the top of the cryptonotes. Keep spreading the word about how good the BBR tech is and when anybody compares the two, BBR price parity goes in our rear view mirror. Next stop, marketcap parity.

Instead of "choo, choo" its "zoom zoom!"

James

I have found a slightly higher effective rate of staking by splitting, so not sure why you want to consolidate.
After you get a block, then it takes a while for it to get back to full strength, so you do get a big chunk when it does, but it is not full power for some time (not sure how long)

With 10 different addresses, only 10% gets weakened at a time.

I havent analyzed this deeply, just fiddling with my own wallet, what matters is the daily average perc, at least for me

Anon card is connecting to the real world, remember summer vacations, weekends and this is with bank so working 10am to 3pm. We need patience, but I am told everything is on track just slow going

James

if I were deciding on website, it would just be text, so maybe better for Azeh to deal with website stuff
unless you like text sites too?

I couldnt find BBR on coinmarketcap. I then realized I should be scrolling up and it was there at #52
Does anybody know what the peak CMC ranking was?

cryptonote is definitely hot now and BBR is the hottest one.
price parity could happen much faster than expected, basically the moment everybody realizes that BBR is actively improving the tech, that instead of a discount it should be at a premium

If you look at the long term chart, it is clear we still have a long hill to climb, but it is just a matter of getting the message out that BBR has the only cryptonote dev that changed the block format. This is no tweaking of a constant change, but the actual blocks! For those not so technical, this is like replacing the engine while making it more fuel efficient and get more power. In other words not something for a garage mechanic, but rather for an engine designer.

So next time someone is making disparaging comments on BBR, just ask if their coin devs were able to change (dont even need to require improving), just change the block format. That should make 90% of them say something silly and go away.

James

In NXT it takes a few minutes to create a new asset. You put in a description and some few details about how many assets, pay the 1000 NXT and the next block you have it in your account. Assets are what a lot of times are called colored coins.

Each asset gets a unique number (turns out its the txid of the asset issuing tx) and the issuing account.
There was much debate over whether to allow unique names or not and it really is an issue with both methods, but at least with the way things work, there is no asset name squatting. Anybody can issue an asset called SuperNET, but unless it is done by me, then of course it is just a fake

Once you have an asset, you can sell it or transfer it. The destination account cannot block it, we call this asset spam. Like email spam, what to do? There is one special account called the genesis acct, it is where all the original NXT came from and like in double entry accounting there is a matched negative amount. So when the 1 billion NXT got created it came from the special genesis account and that's why it has some giant negative balance. The genesis acct cant ever do any tx since it has a negative balance, so once you send something there, it gets stuck

Hope that explains it clearly enough. It is very important to verify the issuer acct. With the envisioned IPO process though, it would just appear in the trading acct and when you withdraw it will of course be the right one.

James

You do understand that some random scammer did all this asset issuing, sending trading by himself?
I cannot stop him from doing it. Or anybody else.

How does this reflect on me at all?

James

he sent it to GLEFU acct too?
some sort of scammer humor

I see some orders, so he issued the asset, sent a bunch to me, some to GLEFU and bought some for himself at the price of 0.777

It does not seem designed to be scamming money. I wonder what the point is? That I am GLEFU the overlord himself?

James

What is your point?

we have a clever scammer!
he issued the asset with acct 10927261654582275930 using text I wrote
then he sent most of them to me and even sold some.
anybody can send anybody any asset

I sent them all to the genesis account (that is the way to burn things in NXT) txid 17154472915257492323

James

Remember I outlined the procedure for the asset issuing and certainly no plans to issue one now. How would I know the price, the number of assets?

It is very sad that there are people that even attempt this. Make sure nobody pays for that asset and at least the scammer will lose 1000 NXT

James

Of course not!
Anybody can issue an asset called SuperNET, just costs 1000 NXT
So you really need to make sure it is from the right issuer

it didnt take long for the scammers to try something

The SuperNET asset will only be issued after all the fundraising is done. And I will certainly announce the issuing account and asset id.

Anything else is a scam.

James