What about KMD? I can not see it anywhere on the exchange? How can I buy it? Is this coin used for POS or POW? I'm waiting for this answer. Thank you so much.
KMD has not been distributed yet, so it is not on exchange. Currently final tests are being done on the ICO site for the BTCD swap. Komodo is a proof-of-work coin using Equihash algorithm. However built into Komodo is a 5% APR mechanism based on unspent tx outputs. What this means is that from the time the coins enter your wallet they will be accruing interest up to 5% a year. To claim this interest payment, you have to send a transaction out. This transaction can be to YOUR OWN ADDRESS. You can claim this interest multiple times throughout the year and obtain a compounding effect. To get into KMD now since the ICO is over you can buy BTCD to swap for KMD at a rate of approximately 1BTCD ~ 50.44 KMD. This is an amazing bargain considering the price of BTCD, however order books are thin, so large purchases of BTCD may drive the price up significantly. BTCD swap is estimated to happen in a week or so
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can some1 help me to sync my BTCD wallet?
here is a list of recent peers addnode=100.13.54.119 addnode=101.166.241.31 addnode=103.255.7.59 addnode=104.204.109.11 addnode=108.247.198.39 addnode=108.61.166.209 addnode=110.174.129.213 addnode=113.87.28.142 addnode=115.28.42.60 addnode=122.166.169.11 addnode=124.191.14.253 addnode=14.203.46.202 addnode=156.57.132.119 addnode=158.69.27.82 addnode=162.13.4.69 addnode=162.210.92.46 addnode=162.255.117.105 addnode=167.114.249.196 addnode=173.24.82.253 addnode=173.76.182.122 addnode=176.9.13.13 addnode=178.143.154.142 addnode=178.62.185.131 addnode=192.99.233.217 addnode=2.26.181.208 addnode=211.58.177.43 addnode=217.8.62.188 addnode=24.101.114.249 addnode=24.168.17.50 addnode=24.45.172.109 addnode=37.157.215.75 addnode=46.223.149.120 addnode=46.231.137.186 addnode=5.189.144.97 addnode=51.255.38.28 addnode=59.147.42.146 addnode=60.225.171.82 addnode=62.75.145.171 addnode=63.247.147.166 addnode=68.157.88.187 addnode=68.190.213.46 addnode=68.43.220.127 addnode=68.45.147.145 addnode=68.59.64.126 addnode=71.1.8.48 addnode=71.53.152.87 addnode=72.133.226.130 addnode=73.211.90.130 addnode=73.229.133.160 addnode=75.130.163.51 addnode=77.22.227.8 addnode=81.0.91.211 addnode=81.205.30.207 addnode=82.176.15.155 addnode=82.229.201.131 addnode=82.241.71.230 addnode=85.25.217.233 addnode=87.149.45.42 addnode=88.110.117.18 addnode=88.198.15.19 addnode=88.198.53.194 addnode=88.206.186.58 addnode=89.114.38.65 addnode=89.212.19.49 addnode=92.24.168.248 addnode=93.158.216.201 addnode=94.242.213.3 addnode=95.232.175.161 addnode=98.118.105.12 addnode=98.202.147.55 addnode=98.207.117.83 addnode=98.208.113.72 addnode=99.44.222.86
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When will it be possible to deposit some btcd on komodo ico website ?!
When everything is ready we will make an announcement here as well as on various other channels like Twitter and FB as well as in our newsletter.
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I do not understand why u go through all the hustle of reviving an old broken coin as BTCD to implement into your ICO page i know u wanna get the funds but still isnt that asking for a ton of trouble (dealing with some other coin and blockchain - keeping that alive) specially as u said 1 year open for exchange to KMD
honestly this totally sucks for ICO investors , as i invested in KMD and NOT in BTCD
and then with that BTCD deal - ICO BTC investors are getting screwed as the BTCD exchange rate is better by now than the initial KMD ico with BTC
can i please get some clarifications tx
BTCD was originally to be the backbone coin of the SuperNET ecosystem, however it was decided to create a new coin by forking Zcash thereby creating Komodo. In fairness to the BTCD investors who were backing the project for years a swap rate based on an average monthly high was devised and BTCD was pegged to that, Revshare promised to BTCD holders would passthrough to Komodo and an additional bonus based on BTC raised was to be added to final swap price. Who this system favored more was based on the amount raised in the ICO. If the amount of BTC raised during the ICO was greater than BTCD's market cap, then BTC would have been the better way to invest. Since the amount raised though was substantially less than BTCD's market cap , BTCD is the better option to invest. KEEP IN MIND: There is approximately 1% of the BTCD supply available for sale under the Komodo swap rate with a value of approximately 60BTC. Even if someone bought all that was available on the market they still would have less than 1% of the KMD coin supply. The available BTCD on exchanges is great for smaller investors and also allows people who missed the ICO to participate. In no way though can the available BTCD on market provide someone who did not already invest during/pre-ICO a substantial amount of coins. It will also be interesting to see how much that is listed for sale now gets pulled when the BTCD swap is ready. Most of the BTCD we expect to be swapped shortly after the BTCD swap is live, there will be no problem in keeping the blockchain up and running as no new development will be done on it. basically as long as people are running the qt it will be live.
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Is there a specific eta for when Komodo will be released I seen maybe 3 weeks just seeing is there a specific date announced?
2 weeks after the end of ICO Cheers Jon Edit: please note timeline may alter after we collect BTCYou are more than welcome to help test. We have been posting the github for it all throughout the ICO. But if you need a granny-version then you are going to have to wait a bit more.
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I was reading this page: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.phpAnd one of the drawback of Zcash was described as: "Zcash requires a Trusted Setup. This means that you have to trust that the Zcash system was set up without any backdoors, potential for eavsdropping or monitoring of your transactions, or any other nefarious purposes. As we've seen with virtually all large software companies, such as Microsoft, Apple, and even governments, they can't be trusted. Trusting people you don't know in those positions makes no sense. Trusting in only math is better. A Trusted Setup system also means that the Zcash developers could produce more Zcash at any time without anyone knowing, thus inflating the Zcash economy while making themselves rich. If a hacker gained access to the system, he could do the same thing...and nobody would necessarily know." Will Komodo have these same flaws??? Here is a piece I wrote earlier on the subject: Komodo uses the same zkSNARK parameters as Zcash. We have not generated them, we are using what the Zcash team has created. Genesis Block creation is different than zkSNARK creation.
As of this time we have no reason to doubt that the Zcash team performed its parameter generation without collusion towards the end of "creating money out of thin air". What people seem to forget is that the Zcash team is a legitimate company and many who are on their team are well-respected professionals. If collusion did happen between the participants of the parameter generating ceremony, the company would be in a hell of a lot of legal trouble not to mention many of the individuals careers would be over. The consequences of being caught combined with the limited amounts of gains from collusion ( only profitable if amount of transparent coins is under the amount of coin supply ) makes the likelihood of the toxic waste having been reassembled very minuscule.
In addition the extensive "ceremony" used in parameter generation makes it very unlikely that an outside party would have compromised them.
As to why we do not generate our own parameters and have our own ceremony
1) We could not accomplish the same degree of security and procedure that the Zcash team had for the ceremony. 2) Having our own ceremony would do nothing to alleviate the constant FUD surrounding the infintismal likelihood of the "toxic waste" being reassembled, and would in fact just bring in more illegitimate criticisms because we would not have done an extensive ceremony as Zcash did or rumors that the Komodo team was somehow colluding.
By using their parameters we rid ourselves of that headache.
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When is all these testnet wallet going to be available for use, I don't see any real progress on the development level when it comes to Komodo, all I read here is the story of swap tokens. I just hope we real investors will be protected
Its been available to use for months. How do you think people have been running a testnet ? https://github.com/SuperNETorg/komodo/wiki/Setup-Komodo-Notary-Node
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so when is the wallet release date
Technically Iguana GUI is out already in semi-closed beta fashion still a lot of things to be done, just recently a possible security flaw similar to that was found in another html wallet that potentially could have effected us the same way ( XSS vulnerability) was discovered and patched by our head of security, ca333 and our iguana gui dev, boogieman. You can build and compile it but it is not production ready. Iguana and Komodo cli for Linux have been operational for quite sometime, several months for komodo-cli and even longer for Iguana. Here is the github if you are interested in using Iguana https://github.com/jl777/SuperNET When the electron html wallet is ready and "granny-proof". Trust me, you'll hear about it https://komodoplatform.com/last-few-weeks-of-development-until-launch/
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About when do you think we will start to see KMD being traded on major exchanges like Poloniex? I missed the presale, but interested in buying some soon after it hits the market.
And what is the deal with the conversion to BTCD to KMD? I wonder if I should buy some BTCD, although looks like price has been dropping hard lately.
Exchange listings are up to the exchange, however I can say it will be after wallet release and KMD distribution. If you would like to get in KMD, BTCD is the way to go as of this time, anything under .00651 is a bargain.
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Will we be able to trade our KMD bought on ICO on january? Delay on development may harm price when KMD get indexed in exchange platform. I am eagerly waiting to trade my KMD.
My opinion on this is , as long as it does not hit on exchanges , the price of KMD remains @ 0.00012909 btc. Considering the rising value of bitcoin, we should be glad 😁 Why not 0.00012908? Is it too low for u to not lose ur temper? Would u go all in on an ultimate short if it crosses 0.00012907? This is what startles me the most. There are about 30 people working very close to KMD now including PondSea, mr_e, ludom, James, twin and a rest of not so poor gang coming from NXT. Why is BTCD price is sooo low now? Are you guys dumping them on us to have them back in 2-3 weeks? Or maybe you're out of BTC as the rest of fully loaded us? Or you guys have no trust in your own coin? 200 BTC is not a lot? Well, buy them up. I am not trying to fud here, but it just does not click. I keep buying as much BTCD as I can and the price only goes lower every day. How is that even possible without huge daily dumps? And who in their right mind would dump when switch is so close? I am probably too paranoid, or too frustrated with what is happening on the pre-KMD market. What do you guys think? EDIT: BTW, BTCD price is nearing pre-KMD announcement ... BTCD for whatever reason has always been tied more with fiat than bitcoin. In terms of fiat gains, BTCD has over tripled in less than a year even BTC gains even at this low level are at least 33%. Currently there is 63 BTC under ICO value on poloniex and 1.82 BTC worth on bittrex the two biggest exchanges for BTCD trade. This is down from 150 BTC just a couple weeks ago. At this time as you are probably aware bitcoin is doing quite a nice rise. It is not unreasonable to think that some traders will choose to take profits, especially before the end of this tax season. I'm hodling, and buying like you are, and I suspect there are many who are. Some developers have been hired. Fadeddreamz and Kolo . But the majority of the ICO funds raised are for long term group signed message transactions and tx fees. BTC tx fees which are minimal now may not be so in the future. If you look at it in fiat terms the cost of tx fees has gone up 1000+% just due to the nature of Bitcoin's value raising. If bitcoin continues its trajectory, the next 10 years then it could be a dollar or more per tx fee. BTC stored now eliminates having to get it later on which could be a big drain on the system. I understand your paranoia and distrust, but please join our Slack channel and you can see for yourself the progress that is being made. The goal is to release a "granny-proof" product. Meaning that not only is the UX flawless but intuitive. One of the major obstacles to get new users into the crypto space is the technical savvy you need to even do basic functions. Most of this has been circumvented by users who are interested to use third-parties. The recent string of hacks/thefts shows the danger of users taking this approach. Iguana and EasyDEX aim at being a solution to this problem by being an easy way people can hold and trade their coins without a third party all with a simple double click install across all OS's. This is an ambitious endeavor but the hard part is done. Usable products are not far off, the culmination of over 2 years of daily coding that lays the foundation for entrepreneurs, developers and users to have easy access to blockchain technology.
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Supernets time is over. It has been running too long and failed to get fit. SuperNET has only begun. The next couple months will blow your mind.
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Yes, at the current time BTCD is a better swap, however this will not always be case.
2 reasons
1) The amount of BTCD available for sale will eventually reach parity with swap price. People who are wanting to get more Komodo will buy BTCD and swap this will drive the price up to what people are willing to swap it for. There is only 100 BTC or so available on polo under swap price which isn't much.
2) End of 2017 you won't be able to swap BTCD anymore. Due to this, the holders of BTCD on exchanges will want to exchange their coin at some point during the year, consequently supply dwindles and price reaches parity.
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I hope 1 week of swap will be either before holidays or in the new year. Some people might miss it while enjoying with their families.
BTCD swap to Komodo will continue throughout 2017. The snapshot will be approximately one week after ico site acceptance. This is for REVS asset, an additional asset to compensate for the revshare that was promised to BTCD holders. This is SEPARATE from swapping BTCD to Komodo.
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so no darcrus, if 1000 btc isn't reached? what will happen to sigwonet and sigfarm then?
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So... I am holding BTCD in my Poloniex account, forgot to transfer to a local wallet. Has the snapshot already happened? Will I be able to exchange my BTCD for Komodo? Thanks
We are currently working on a way to accept BTCD on the ICO site, the snapshot will be soon after that. You didn't miss it.
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Just to be sure, the pass phrase is the 12 random words that was given when i first signed-up to the ico website, correct?
you are correct.
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Throwing my hat into the ring for the upcoming Komodo Notary Node Election.
About Me:
Hello, I’m polycryptoblog, Administrative Assistant at Komodo and long-time SuperNET supporter.
I believe that I would make a good notary node due to my dedication to the project for several years as well as running a notary node on the testnet for the past month. In addition, I am working with my service provider to maintain a secure and stable server to add structure to the Komodo network. You should vote for me in this election due to my position on how notary mining rewards should be spent. 100% of Komodo generated in excess of server maintenance costs will be reinvested into developing initiatives to further aid the growth and expansion of our young network.
Region: North America Subsidy Requested: 50% Testnet KMD mined: 5377
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ATTENTION POTENTIAL KOMODO NOTARY NODE CANDIDATES! [/b] Today is the last day to create a profile on komodoelection.com Profiles created after today will not be approved until after the first election has concluded If you are considering becoming a notary node create your profile ASAP!
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This is an pretty impressive ammount you have there Allow me the question, how will you ensure you can definitely get one node actively running? I understand there are 16 spots in each region. Everybody has one vote for each of the 4 regions. So for one region there could be the scenario, that you will be outvoted, especially with combined voting power of others. This assumtion is also valid for the other regions. Just curious how you can ensure this offer with 100% confidence... Cheers! Yes, I was not aware of this aspect of the election process (each KMD votes in each region). I had anticipated a node quota being 1/64 of 100M KMD, with this scheme a node quota will be 1/16 of KMD, which is 6.25% of the vote. Even with ~2.7% of the vote I am clearly well under half a quota now. I am considering whether to run now at all as I don't believe I would get elected now. My 'plan B' option of hiring a node operator myself to run a 'guaranteed' node looks to be dead in the water. Maybe 2-3 other individuals could combine votes with me into 6.25% of the total vote and then we run 4 guaranteed nodes, but that is more difficult. As I said above, I prefer a set-and-forget arrangement that gives me a nice income stream. Less is more for me if the arrangement is simple and easy to manage! Others have mentioned the likelihood of 'voting pools' starting eventually, similar to mining pools in PoW coins, and forging pools in NXT. I will wait and see what happens there. I am not too keen on the idea of just selling my vote to the highest bidder, but 2.69% of the vote does have some value. I do want to see viable and stable node operators emerge, but where there are elections and money involved, there will always be coalitions, horse-trading, & deals made to get people elected. I will wait and see what happens. I will say I have no complaint on the election scheme. I was not aware of this detail, but it makes sense why it was chosen. I don't think selling votes makes much sense until KMD price is A LOT higher, most nodes will make a small loss or small profit for a couple of years, even with the subsidy, so node runners wont have cash to buy votes. When KMD price is high it'll be a different story ... that's when things might get Funky with vote trading. How many KMD can a node mine in a month anyway? Approximately 2700 a month if there are 48 notary nodes, that number doesn't factor in non-notarynode miners, so it will probably be lower than that.
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Komodo uses the same zkSNARK parameters as Zcash. We have not generated them, we are using what the Zcash team has created. Genesis Block creation is different than zkSNARK creation. As of this time we have no reason to doubt that the Zcash team performed its parameter generation without collusion towards the end of "creating money out of thin air". What people seem to forget is that the Zcash team is a legitimate company and many who are on their team are well-respected professionals. If collusion did happen between the participants of the parameter generating ceremony, the company would be in a hell of a lot of legal trouble not to mention many of the individuals careers would be over. The consequences of being caught combined with the limited amounts of gains from collusion ( only profitable if amount of transparent coins is under the amount of coin supply ) makes the likelihood of the toxic waste having been reassembled very minuscule. In addition the extensive "ceremony" used in parameter generation makes it very unlikely that an outside party would have compromised them. As to why we do not generate our own parameters and have our own ceremony 1) We could not accomplish the same degree of security and procedure that the Zcash team had for the ceremony. 2) Having our own ceremony would do nothing to alleviate the constant FUD surrounding the infintismal likelihood of the "toxic waste" being reassembled, and would in fact just bring in more illegitimate criticisms because we would not have done an extensive ceremony as Zcash did or rumors that the Komodo team was somehow colluding. By using their parameters we rid ourselves of that headache. As it stands right now, Komodo will do its best to launch in 2 weeks and all appears to be on track for that, if some issue arises that we have to delay we will however we will not delay for no reason.
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