With Cryptsy the secret to a successful BTCD withdrawal is to withdraw small amounts at a time.  Up to 75 BTCD I have had no problem.  300 BTCD = problem.  They probably are staking and are reluctant to let those funds go so they blame it on software malfunction or whatever.   It's kind of a big joke.

I wouldn't use cryptsy. Lots of issues with them.

Is there a potential teleport/supernetwork coin list around? Might be good to make a thread where we can post possible coins to add?
Was thinking paypro might be a good fit. https://bitcointalk.org/index.php?topic=643028.0

I think that he will receive BTC, BTCD and NXT and he will change them against the coins which take part in supernet.
So after investing. 10% X;  5% Y; 7% Z; etc. etc.

I hope he will choose the coins wisely, at the moment every coin wants in, even the dying ones like Doge, etc.

not before lunch and also not before launch
only after some time and important improvements to the hard coded structure of SuperNET are detected

you can send it to someone
you can sell it to someone
it will be on exchanges

so it will have the attributes of a coin, but it is technically an asset, which allows for issuing dividends automatically

You said no elections ?

As far as i know it isn't a coin at all, but correct me if i'm wrong

yes, this makes much sense to me. Without the three letters it changes the risk profile from fiat attack. any other things can help with this? It seems the "security" was depending on the expectation of future rewards without any additional work required.

So, everyone if you are getting some SuperNET, I am officially formally requiring you to do work on behalf of SuperNET. There is no free ride on top of my back. I am working for free, so you must all work for free. This is no security, there could be zero future dividends and if you are not all working very hard, maybe this is the outcome. So, you have to do a bunch of work and there is no expectation of future revenues. Maybe it is a donation and anything you get back is a counter-donation?

Your first task is to ask not what SuperNET can do for you, but what you can do for SuperNET
When you are having this answer, then you must work night and day like I do.

I hope this is acceptable

James

Maybe just promote the coins early adopters, like us, think are the best and the most promising atm.
This way they will get good attention leaving the silly shitters with low volume and low marketcap.

My main coin now is Karmacoin, why?
It has a very active dev, the team behind him does good work. They hire and pay people to sort out legal stuff or for instance the change to x11 which was as smooth as a baby face. They actively develop very interesting projects, like lill.com which is ansearch engined focused on paying the income it generates by ads from websites to the people who visit the website. Or the karmashares llc, which pays its proffits to the people who own karmashares ( lill.com is a project of karmashares which received a 2+ million dollar offer but it was eventually not signed by the dev because one the contract said he would also have to work a half year for the company which would leave him no time developing karma further.
So they got all of this going

What is your coin?
Promote it!

You should have done that by the time you saw withdrawals are fast.
gladly I tried to get 1btcd out of craptsy and then I withdrew all of them

I took a few seconds 

The market should start doing the following:
1. evaluate the coins they own to see if it has any unique features and if not, then I apologize to them for what is about to happen. If they are reading this, then hopefully they can get better price.
2. they can then look for coins with good unique features and a good community to target the coins most likely to become part of SuperNET CORE. it is risky as all the coins look like they will be saying they will get into the CORE, but the people that can properly evaluate the odds, could make some good money
3. they can just buy at IPO and wait for only the actual deals, which SuperNET benefits from and also collect the future dividends.
4. Some NXT assets will also become part of the CORE, and could well start trading on some exchanges

The expected size of offering and thus the userbase of SuperNET is getting pretty large. With the expected value of the future dividends being proportional to the number of users, the larger the IPO, the more the expected value and the higher the expected book value multiple upon trading (up to some saturation limit if it really goes crazy high, but this is not so likely as there is no fancy marketing stuff, just my ramblings)

James

P.S. for those who are worried that SuperNET will somehow compete with BTCD, I hope you are understanding properly now.

all the details havent been worked out yet, but generally speaking I will have the authority to decide on how the funds are spent. Should just be rubber stamping the negotiated deals, but ultimately it is my decision for the funds.

I think for the BTCD and NXT that is raised (should be <10% of total), people wont mind if I safekeep it, but for the coin purchases and the giant amount of BTC we will need escrows. Maybe Poloniex can do this, maybe we need to split up the amounts. All depends on how much comes in so I cant say what makes sense now.

If only 21 BTC comes in them it shouldnt be an issue at all.

There is no daily management needed. Maybe you are misunderstanding the purpose of the fundraising?
Other than the 1% which I would probably just have for convenience to pay bills, the 99% will just sit in cold storage.
When a new coin is being added to the SuperNET core, then the BTC (or BTCD or NXT) is swapped for the coin and since these coins are for HODL, they can go to cold storage. Maybe for coins that are able to stake, we would be doing that.
The important thing to know is that I am not doing this to raise money to spend. There will be no big salaries, no office space, no fancy furniture of the office space we dont have, only some incidental costs like websites, graphics (if we cant get a volunteer to make a good one). So the 1% is really all I envision needing. The rest is just waiting for the swaps with the new coins being added to the CORE.

Now the operating side will have dividends coming in from the assets it holds and these are active monies that need to flow through to the owners of SuperNET and the various other parties that are getting the revenue share, eg. coin communities, all people running nodes, BTCD stakers, etc.

I do reserve the right to use my common sense to adjust and adapt to circumstances. In all the scenarios I would have the authority to decide how the money is spent. This is like it was done the the small NXTcommunityfund. It had ~3 million NXT and I decided how it was spent, but I had no access to it. I would authorize a payment and then it got sent. So, of course if I go crazy or get taken over by aliens, then the treasurer would probably have the sense to no send the payment. But for things that are business as usual, then the treasurer is obligated to make the payment.

Any changes to what is "business as usual" will be posted here and the latest post will supercede any prior post in case they are mutually exclusive.

I know in the future many things will change, I adapt to things and I believe I have demonstrated some level of basic competence in my decision making abilities. I do have a problem of being too trusting of others though. That is a known weakness of mine. However I work hard to make sure to minimize my mistakes and I am quite open and will ask for community feedback on issues that are not so clear. So, no formal procedures or anything like that, but I will do my best to take into account the communities input, but ultimately I am the one that must decide.

James

5% is not something that makes it worth to arbitrage. The spread in the market will go to almost this if not more if there is artificial demand, so this should only just be a benefit for NXT and BTCD communities to avoid having to sell their precious and to get some nice little bonus. It is like the nice chocolate sometimes you get on your pillow at hotels. It is such a small thing, but somehow there is good feeling from this small bonus

JLH has many assets that will be key parts of SuperNET, but the only thing available now that has a similar revenue mix would be BTCD, as it will be getting revenue share from SuperNET, along with revenue share from InstantDEX, Teleport, Tradebots, Privatebet

The problem is there is not enough BTCD to handle the demand for SuperNET, so not sure how long it will stay affordable

James

***Call to the BTCD Community***  I wanted to ask everyone to begin making your way over to Reddit, as there is much need for some action and attention over there.  

If some of us could just start commenting on and/or posting threads, it would make a big difference as far as visibility for BTCD.  I'm new to Reddit myself (been a longtime lurker), but I think this is a great place to spread some of the love we have generated here.  I think a good deal of Redditors never read the btctalk forum thread, although this is just an assumption.  

I also see Reddit as an avenue to share some of the outstanding posts from James, which I've already started doing.  If we want to grow the community we must establish a strong presence on Reddit.  Please make an effort, if you have some spare time, it will benefit us all  


 http://www.reddit.com/r/bitcoindark/

You really think btcd will rise?
Have you check the sell order on bittrex?
You need 95 btc investment to rise till 0.01255000.
It's hard...very hard.
I think early buyer of btcd are the winner.
Who enter now just will take small profit.
Maybe i'm wrong......

For those that are still thinking if Supernetwork helps other coins, it must hurt BTCD. Let me explain the math.

100,000+ nodes will do quite a lot of InstantDEX, Teleport, Privatebet, Tradebots, etc. Plus add in dozens of additional services from other coins. In the center of all this is BTCD. We are the center of the spiral. Let other coins make their money, everybody needs money. I think that is why it is called money.

BTCD is what allows all this to happen and even if just a small percentage of the overall commerce spills into BTCD revenue share it will be a giant boost to the value of BTCD. I have not worked out all the numbers, but with all this revenues being generated, we can definitely make it a cash positive decision for the other coins, while sharing in the business each coin adds.

Think of it like a company that used to be not so big. They allowed others to make money and they charged some fee for this. Maybe you heard of this company called google? When they select a website to join their AdWords, the website is now making new money from new traffic that otherwise goes elsewhere. A market based auction process allows the website to determine how much to spend for the click. I dont think there is a need to setup fee auctions, but maybe at some point it does. So, the website can choose to tap into traffic that otherwise it cant.

Not exactly the same business model, but I hope you understand the similarities. Basically each coin that joins Supernetwork adds its nodes and that allows all the other nodes to benefit from it, and with cross marketing of the top performing services, yes I think I will do a google Adwords style bidding!, the most popular services are shown first and the user is more likely to select this service. I am glad to write this post, I hadnt solved the way to prorate the Supernetwork fees, but google already solved this!

I see a page that is shown that lists the most popular services and the ones that are paying the most to be shown. At first maybe not paid ads, but then even a low bid gets top placement, so some bidding happens and the market can decide how much it is worth to be the top features Supernetwork service. Now these "clicks" will actually not be just clicks but directly invoking the service, so it is what is called a "conversion", the ultimate goal of direct response advertising. The conversion.

Now if anybody had any doubts as to the value of Supernetwork on BTCD, I hope you are able to estimate the market discovered prices to be the top listing. I will need to share the revenues from this with the node that generated the click, so this is like a rebate for the user, since they are paying for the click, but they also get some percentage. Then there is a general revenue share that each coin gets. I think it is good to track thing per coin, this way for the people that just cant help themselves from competing with other coins, the competition can be which coin is making the most revenues.

Some some small amount for BTCD as the enabler multiplied by all the users of the Supernetwork using all the services that are available.

I am not able to make an estimate for the possible revenues at this point

James

P.S. Of course as the 2.0 crypto platform, NXT is a big beneficiary from this too. I design things so that everyone wins