crypto777 asset is the asset that various crypto services will pay to, but it wont be till next year.

SuperNET asset is the best deal as it is selling for close to its NAV value, but has future tech revenue possibilities. SuperNET owns a big percentage of crypto777, among other assets

I cant think of any other asset that has that combination

It could be, maybe we need 5 regions? We can improve the course 4 regions, the important thing is to prevent any geographic location from getting too large a percentage, so actually the more regions the better to some degree

"top" would be based on the sum of stakes that voted for a candidate

I didnt have a chance to explain all the other iguana enabled features, but it is best I dont as if I do, then all the trolls will start screaming that I never get anything done. It seems they would be happier if I didnt work on more than one thing at a time and I should just wait while the testing, documentation, installers, etc are completed

Remember the bitcoin fees?
It is expected that komodo price will be below 1BTC for a while, so that means komodo txfee will cost a lot less than bitcoin.

Additionally, for bitcoin compatible coins, iguana is able to directly be a peer, which means instead of the third party coin (PoS, PoW, PoAnything) just as to add handling for a "notarized" network message and a small change to their consensus reorg loop. Adding support for a new network message is one of the easier mods to a bitcoin protocol coin as it usually doesnt interact with anything else and you just need to make it do what it is supposed to.

In this case:

if ( message is "notarized" )
   remember notarizedhash

Then in the consensus code where it pops off blocks, a check is added to prevent going past block that has a stored notarizedhash

The komodo notary nodes do all the rest, including monitoring the chain for new blocks, creating a komodo tx that is group signed and record it, monitoring BTC chain (it already is doing this) and detecting a notarizedhash and sending the "notarized" message

So the advantage is not only are bitcoin fees not needed, just komodo fees, the communication is flowing just one direction, from komodo to the third party coin. It wont need to know about any other blockchain. For those familiar with all the edge cases doing cross chain operations, this simplification is a very significant thing. In the event the komodo notary message doesnt arrive, the bitcoin protection is just delayed a bit. the dPoW protection is enhancing whatever existing consensus method is used. So it is either the same if for whatever reason the notarized message doesnt arrive, or it arrives an the "write protect" flag is set for the notarized block

Some reasonable komodo fee paid to the notary nodes will be all that it takes to provide continuous notary services and it also gets a full node for that coin into the ecosystem, which in turn will enable basilisk lite node services. but that is for a different day

There would only be a limited number of coins that could be actively supported like this and once we get the first one integrated, it will be possible to make it a streamlined process for the next one. iguana compatibility is a requirement though.

Thank you for useful questions!

Unfortunately, other than trading gains, which arent revenues, there hasnt been anything that generates positive cashflow. Now there is no way I can responsibly even think about dividending out the trading gains while we are below the original NAV. Things got pretty bad for a while, but I seem to have made up almost 2000 BTC worth this year. However past performance cannot be guaranteed to confirm and I did hit a good run of picks.

As komodo is the anchor piece that gets a stable set of notary nodes, they will not only perform notary duties, I will use them for other useful tasks in the ecosystem where a set of high availability services are needed. mostly just simple directory and "bulletin board" low bandwidth services, but still very useful for things like a list of all active coins in the networks, current active peers, DEX trading pairs, etc.

Getting the DEX fully stocked LP (liquidity provider) nodes is one of the charter's for komodo funds (after the blockchain critical things are paid for)

where it makes sense what would have been btcd fees will be komodo fees, as komodo is btcd 2.0. However, maybe there is a miscommunication, even before komodo if an iguana node is performing say LTC services for a basilisk, it would have charged LTC. Ah, ok I think I understand. For the multicurrency fees coming in to the revenue streams, they will be converted to the komodo and act like a pool that is converting the various mined currencies to the destination currency. But, the coin fees an iguana node would get from a basilisk node wont be autoconverted, that would be something that the one running the node would have to do

So grease is not the right analogy... I dont want there to be any needless barriers to adoption, so whenever possible it will be denominated in the most appropriate currency, whatever that is. The reinforcement effect will come from the required conversion into komodo

The bitcoin protocol is documented and not anything that can just be changed by one dev declaring it changed, like happened in NXT. The often contentious BTC world has the advantage that change is much slower.

Fee increases are factored in and why this ICO, but even at the lower end of funds raised, I can reduce the costs by increasing the delay. There is a parameter of "Delay Minutes", which determines how long after a new BTC block comes in that the notary transaction is submitted. The smaller this, is the more frequently we get notarized, which reduces the delay for BTC protection, but increases the cost.

So the fallback plan is to increase Delay Minutes to fit within the budgeted amount.

Now if some blackswan event makes bitcoin go insane and unusable, well, there is always other very strong chains, so I would find the most stable and secure one and use it for the notarization recording.

As far as zcash goes, it is a large open source project with a lot of very good devs. Having interacted with them during the alpha stage I dont see them making changes other than what is required for security reasons and if that is the case, komodo is well served to adopt it.

Another point to note is that iguana now works with over a dozen coins. natively, doing parallel sync with them. zcash is one of these and it is a key component for komodo, but iguana is still the platform. So the dPoW layer will be built on top of iguana API (custom extensions I will create) and the iguana will interface with the bitcoin and zcashd components.

I know from the outside it is really hard to discern these type of things, so I am glad you are asking such good questions
zcash already has a working product! Granted it is being security reviewed for flaws, but it is working. Of course for the GUI purists it is totally unfinished as it wont have a GUI for a while, but I speak of the zkp (zero knowledge proof) logic and having it mapped to the bitcoin transaction model. Quite an achievement already. Of course a delay is possible, but I dont expect there to be any prolonged delay.

Now I certainly hope zcash doesnt view komodo as a competitor. It is an open source project and we will be doing a GUI that I hope the zcash team can use. Also, ZEC is a mined coin, komodo is dPoW so I really dont see how there is much overlap between the two from a non-technical point. I estimate the market price for ZEC to be very high compared to komodo, so it will be similar to LTC's silver to BTC's gold situation. komodo price will be in sub-dollar range. ZEC price I have to imagine will be $10 to $100+, especially at first.

If komodo is a massive success that will give zcash a lot of exposure by necessity. I was also in discussions about donating the 5% staking by the zkp funds to the zcash devs, as I couldnt figure out a way how to get anymore than aggregate amounts in the zkp form, it is that strong a privacy. So if the zcash team would accept this, then we wouldnt just be a project that forked zcash, we would be contributing back GUI, publicity and also some komodo

komodo is actually my first coin ICO. can you remind me what other coin I even created, ICO or no ICO?

max amount is a max, what other recent ICO had max cap? usually what comes in is less than the maximum. That is because the maximum is the biggest it can be and anything else is less than the maximum.

you do realize NXT price pumped 4x due to the snapshots. While short term thinking BTCD peoples might applaud that, it only helps the existing whales to do that. Note that I am an existing BTCD whale and I chose not to do a preannounced long term pump snapshot

I guess since you think ring sigs with 3 to 10 signers, usually on the low end is better than zcash, well that is comparing a very small anon set with up to 2^28. Not sure what universe 3 to 10 is better than up to 2^28, i guess the one where size doesnt matter?

where is your proof that zcash is backed by the NSA? people can easily claim cryptonote is backed by the NSA, it did after all have a very strange appearance with a 2 year history when it was still a few months old. So you can go into the zcash forum and prove to them how they are NSA controlled and then plz post your findings here.

thanks

I guess you didnt actually look at docs.supernet.org

a large part of it is IDENTICAL to the bitcoin RPC. you know the main crypto that everybody uses. why dont you show that crazy graphic to the bitcoin devs about their RPC?

Also I heard that monero is finally having a GUI now. Does that mean all this time it wasnt real?

You do raise a good point that if zcash is delayed, komodo will necessarily be delayed, but from what I can tell they are making very good and steady progress. Oh, and they dont have a GUI either. does that mean zcash doesnt exist too?

You might have forgotten that the SuperNET funds were not spent, but rather are being invested to produce gains and operations funded from this. This necessarily slows things down a bit.

Also why do you say iguana is months away from showing anything working? Do you know something I dont?

A few corrections to your mostly incorrect assertion:

CryptoCard is completed, coinomat issued debit cards

Teleport - this is not any asset, how is it possible that an ICO was done for something without even an asset
Telepathy - this is not any asset, how is it possible that an ICO was done for something without even an asset
PAX - this is not any asset, how is it possible that an ICO was done for something without even an asset

Pangea
Neodice
Jay
SkyNET
above are all other dev's projects that SuperNET invested in and gave out dividends in. After it was given as a dividend it started trading in the open market. Please tell me where in this picture SuperNET or I am making an ICO to collect lots of money?

NXTprivacy was done as above, ie free dividend and after market trading by the people who received the assets.

which leaves InstantDEX, crypto777 and SuperNET
InstantDEX had private investors and then like the above assets was dividended out to SuperNET asset holders.

SuperNET, we know that its NAV is mostly preserved over the years as the technology has been developed: supernet.org/nav.php

So, it seems my crime is having given out many free asset dividends to people? Or is it that you just assume for each of the various technology components that I must have done some big scale ICO, collected the funds without doing anything?

please show the prior months price action that shows a somewhat regular up and down cycle.

yes komodo chain will start fresh, one advantage of the swap method chosen

There is some strange theory that without a GUI there is no value to a project.

I think this means that unix for the longest of times was totally worthless and there have been many coins that for a long time was command line only, you know, something called bitcoin.

docs.supernet.org is a list of iguana API

anybody can submit bugs and issues

we have people paid to test and find bugs and they are finding a few, which I fix as they are found.

Now I am a C dev that does low level core API and I have. Projects like MGW have been done and running for over a year, maybe its 2 years now. iguana is working well enough for fully functional GUI to be made and there are two different GUI in various stages of development, along with installers for unix, osx, win32, win64 and chrome app. SuperNET has created the SN lite GUI for NXT, but that seems to get no credit toward completion of projects.

I will be using iguana to implement the bitcoin interfacing required in komodo. komodo is a usecase of iguana tech. iguana is the platform level codebase and so now the time is come to build things on top of that platform. dPoW is a relatively small and well defined module to complete and I will add that into a zcash fork.

Before anybody puts in money, please make sure you are comfortable that I will achieve this. Either because you trust in my tech skills or you see it working on testnet.

Most of the shouting is from people who wanted a quick pump and are disappointed it isnt going to be quick. I have explained our rationale and wont get into it again. I have yet to hear a single proposal that would have solved all the constraints, the biggest being price pumping out of self-interest of BTCD holders. I had to make a judgement call on behalf of everyone and it is what it is.

The only credible criticism I have heard so far is the lack of project completion. There have been reasons given for the delays, but iguana is about as done as any large scale project can be done. So it is time to package it up into nice GUI with installers and that process has begun.

For people that want to evaluate at the command line level on your own you can via my github.com/jl777/SuperNET repo. You might get a head start on the others that wait. I am constantly updating the repo but I do try to stabilize it as quickly as possible. production versions are made from a snapshot during stable times and go through a test procedure.

By necessity I am not personally involved in this testing, as the coder cant be the production tester of his own work. At this point I am still working in the iguana codebase, but at the higher levels of abstraction and rarely making any changes to the lower level code.

I took a few days off to code up a steemit liquidity awards bot, which worked and earned ~$10K in rewards in the week that it ran before the awards were stopped. To my knowledge my bot was the first one other than the insider's bots that earned the liquidity reward multiple times. My experiences about this are well documented. What does it mean? It shows that in one week I created a real money handling bot that competed against all the existing bots and managed to win awards. Something that few if any other outsider's bots did.

Does that count as a finished release? I did it on personal time one weekend.

Anyway, the question you need to answer is if I can actually code or not. I have my opinion, others have their opinion. If you are not a coder, ask around to find out how much work it is to write an entire bitcoin protocol from network wire protocol, script processing, secp signatures to RPC layer, from scratch without using external libraries. And if 9 months is a horribly long time to achieve this.

no corporation
5% staking continues with komodo

testnet will be up during ICO, so you can wait to see it work before putting in any money.

the BTC is being raised to pay the bitcoin fees. If 500 BTC is raised that is enough to pay for many years of bitcoin fees, especially if the number of notary nodes is reduced.

In the unlikely event all the BTC is used up, then it obviously wont get the added security from bitcoin, but it will still keep going using its primary consensus algo that uses NXT style PoS

current max coins is 22 million, so it is about 9x increase
and the number of komodo will be a corresponding multiplier, like a stock split
in the even no ICO funds come in, BTCD holders will have the same percent of komodo as now.

please calm down

i arranged the fund raising, but coinomat did the card. they have a debit card, but it cant be a full anon card due to all the finreg changes globally
so it was complete with not the perfect result.

that is coinomat's card

I will try to avoid birds.

At least we all agree that BTCD investors are not getting a massive preference, but rather a sideways move. This was necessary to not make this a value transfer from ICO investors to BTCD holders. Had we done that, the dPoW would not have been able to raise the needed funds and that serves nobody's interests.

In exchange for a 10 week implicit peg the upside is from post-ICO where komodo will have a lot more resources and can credibly become a top coin. We have to be honest, without some external infusion, the old BTCD 1.0 would not had much of a chance to rise to the top in the current crowded space. And without the 10 week ceiling, this chance for a much bigger upside would not exist.

Unless any new point regarding the fairness issue to BTCD holders is raised, I will be silent on this issue from now as I have been asked and have answered multiple times. And remember I am suffering the same consequence so I eat my own cooking.

I claim that iguanacore is working and it will be released with GUI before ICO funding starts. If you dont believe that I can complete tech projects dont put any funds in until the iguana is released. Or wait until testnet is live. Or wait until mainnet is live and buy from exchanges. The decision is entirely yours.

For BTCD holders, if you wait 10 weeks or so, it will likely rise back to .0053 or higher due to the revshare asset snapshot. I hope you can look past the short term to the long term. I have always stated my goals are long term. But if you just want out, then I am sure there will be a nice exit point where you get to sell out and forget all this long term stuff.

This ICO has been setup to be as fair as possible to all parties and I have yet to hear any alternative that would have solved all factors.

thanks for your support!

dPoW is definitely a big leap forward and enables all non-btc chains to be considered for use in high value transactions. patient holders of BTCD will be very happy with the end result as it BTCD 2.0 (komodo) creates bitcoin security level transactions using zcash privacy. Ignoring any trading/marketcap issues, if you just think about the magnitude of this...

And of course all the iguana tech in progress will move right into komodo. I think it is fair to say no other coin will directly support so many total coins directly (13 at last count)

I saw grewalsatinder working on an iguana video to appease the chants of "iguana isnt finished", which if it was true makes the video hard to explain, especially since the source for both the iguanacore and the GUI are available. But please do not ask me when it is completed as I do not know.

Also, all the various translators who have PM'ed me, thank you for your interest but there is no point to ask me about anything other than deep core tech issues. I dont do the GUI or website or translations, all that is delegated out to others and I dont even know to who! This allows me to concentrate on tech (most days)

Thanks for your understanding