You don't really get what superNET is yet I don't think.

Altcoins exist independently of superNET. SuperNET is a technology that allows people to access many different features and technologies from one wallet.

Think of superNET like the Google of the cryptoworld. It's a company that attempts to organize and present information and options to people who use cryptocurrencies. It also makes money like Google does by monetizing that information. In the last year there have been lots of amazing technologies developed in the cryptoworld. The problem is all of these technologies are fragmented among different cryptos making it difficult for the average person to use them, or even know that they exist. Decentralised asset exchanges and strong anonymous transactions are two examples of things you will be able to access right away from the superNET GUI that will be integrated in every wallet in every cryptocurrency that is a part of the superNET.

Over time people will continue to invent and develop new technologies on new cryptocurrenies. If I want to use these new technologies do I have go to an exchange sell a bunch of the coins I'm currently using and enjoying? No, because I can just continue to use them through the superNET and still have access to every feature on the network. When new technologies come out it will clearly be beneficial for them to join superNET as this will allow people to use the technology through the superNET. To the user it will be a simple and easy to use GUI where you make transactions like you would otherwise, but James' has developed multiple technologies like Teleport/Telepods, MGW, InstantDEX ect. that do all the buying, selling, and trading behind the scenes. Using superNET will be easy for people. SuperNET will also make money from fees and people paying a premium to have their services listed on the superNET GUI(most likely, these things are still to be worked out, but think Google with context specific and beneficial listings).

What would you rather have, 10 wallets on your computer holding different amounts of different cryptos, or would you rather just have one wallet that has access to the superNET where you have all of the services available to you on demand through a unified interface?

James(jl777) is the core architect of superNET and has development support and assistance from crypto_zoidberg(Boolberry lead dev) and coinsolidation(Bitmark lead dev). As well as a team of 3 or 4 dedicated people working on the superNET GUI programming. And this will likely be expanded further as time goes on.

No, nothing specific has been set up in Bitmark for merge mining and I don't believe we will ever be an Aux-PoW mined(merge mined) currency like Doge is. But Bitmark should be able to take a similar role as Litecoin is doing with Doge, that is people mine BTM on the regular BTM network and also submit their blocks to Doge once our difficulty is at least as high as the difficulty on the Doge network.

People will merge mine coins like Dogecoin with Bitmark if they'd like to. With Bitmark having the actual PoW being done for it. I expect to see people mining BTM and DOGE together fairly soon.

I like the risk vs reward. Also I think it's important to have adequate financial incentives in any business or similar venture. And this covers that.

For anyone who hasn't seen this yet, this is pretty cool:

Some early prototype marking buttons.

http://bitmark.co/bitmark.co/logo#

a) FortuneJack Username: EsteNuno
b) Forum Username: Este Nuno
c) Current Post Count and Member level: 2027 Sr. Member

number 2

LOL, I totally read this at first as "I'm not a[single] stake holder, but 5[as in I created 4 other sockpuppets]".

I'm also interested in this, so I started a thread where we can go discuss it:

https://bitcointalk.org/index.php?topic=777758

Looking for any info related to this. Bitcointa.lk might also be another option.

To people wondering what superNET is I'll write a little description of how I expect it to be from the perspective of if I was actually using it. Hopefully jl777 or anyone else can correct any inaccuracies.

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I load up my BitcoinDark wallet as I would normally, I have 1000 BTCD waiting for me as I expected. There's an extra button or tab that says 'enter superNET' on it. I have a few things I want to do today that take advantage of the superNET so I click on it. A separate GUI launches. I see a few different options, but the first thing I want to do is send a secure anonymous payment using the current best available anonyimity system, which happens to be integrated in Boolberry(BBR). Since anonymity is very important for this specific payment I'm making, I use the superNET GUI to create a transaction that will take advantage of James' Teleport technology which will enable me to send BBR with my BTCD without leaving my wallet. So I want to send 100 BTCD worth of BBR to the address of my choice, and I do so by creating this transaction in the superNET GUI in a way similar to sending any other standard crypto transaction. The 100 BTCD is automatically converted to BBR at market rate minus a small fee, which I'm more than willing to pay in this case to guarantee my anonymity.

So after I've finished my important business of sending that anonymous transaction, I take a look at the superNET GUI to see what's on offer today. I have the ability to purchase NXT assets directly through my BTCD wallet with BTCD. I notice that today there are some featured assets being displayed on my GUI(that the asset issuers pay a fee to superNET for to have listed as 'featured'). One of the assets I can purchase is tokens that correspond to one oz of silver. I had been meaning to to pick up some silver anyway, since I noticed the price was particularly low recently, so this is very convenient for me. I look in to the asset to make sure that each token you purchase through this NXT asset can be redeemed for one oz of real silver, and indeed they can be. Perfect. So now I have the question of trust, what is the reputation of this person issuing the silver asset? Are they known to be trustworthy? Luckily for me superNET has integrated Bitmark's 'marking' reputation system that will help me gauge whether or not the person issuing the asset can be trusted. Turns out this person has a lot of marks, so I'm pretty confident that I'll be able to redeem my silver tokens for real silver through the asset issuer. So I go ahead and make a few clicks and decide to purchase 50 BTCD worth of silver tokens thanks to James' MGW technology as well as his InstantDEX technology. I finish the transaction and in a few seconds I'm the owner of 50 BTCD worth of silver tokens that were purchased off the NXT distributed asset exchange.

Now that I've done the business I've set out to do I take a look at the superNET GUI once again and I see a link for PrivateBet. Feeling a bit lucky and still having 850 BTCD sitting in my wallet, I decide to try my luck for a little while to entertain myself. I gamble anonymously for a while with my BTCD. People who invested gain from my negative expectation bets while I'm entertained for a while.

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Ok, so that was just a small example of how I see superNET working in the not too distant future. Each wallet of each currency that is part of the superNET will all be able to access and take advantage of all of these features from a single GUI that connects thousands of resources in to a single point of access(the superNET GUI).

This is why I think the superNET is an awesome idea and I think it has the potential to really bring a lot quality alternative currencies together in a way that benefits everyone. 

Technically, you may not 'trust' your bank, but as long as you let them handle at least small amounts of your money, even if just for the time it takes you to drive to an ATM and withdraw it, you're extending microtrust to them. Any service you purchase something from, or give them your credit card, you're extending microtrust to. You might only really 'trust' close friends and family members, but our societies commercial activity depends on microtrust already. Extending this to the crypto space will be a good thing, as in crypto the only person you really need to fully trust is yourself and the way you store your wallet. But sending a few dollars in crypto to a website so you can use their services can sense too. You only risk what you choose to transact.

Speaking of e-fiat, I noticed that Poloniex started trading in 'coinomat XUSD' which is interesting. Apparently you can redeem this XUSD to your visa or master card for real dollars. And I agree that all fiat will eventually only exist in electronic form. We're almost there already.

Well, to be fair such an exodus wouldn't exactly happen immediately. Many people would be in shock and take a while to decide to move on.

I've been thinking about marking a lot recently and I just want to braindump a couple of things here.

One thing that might be simple and useful for an adoption to have is to be able to open a 'vote box' where people vote by casting a a single mark(or more if it's multichoice or similar) in to a set of marks that is limited to one mark per one identity/account. Or in the case where one user can vote for multiple options the vote box would accept the correct amount of marks per user as specified by the creator of the poll. Also time settings could be used like vote with one mark per 24 hour period per user.

Another thing that I've mentioned before but is worth mentioning again is how important I think it will be for adoptions to have the ability to create 'coloured' marks. These would be anything from a single mark to a set of marks that are all tagged as having some unique property to them. They could represent anything that the issuer wanted to associate them with. One example that has come up before with marking is how you could identify a post as spam by risking a set amount of marks that you later receive back(with a possible bonus) if that post that you marked as spam is later determined by the moderator as an actual spam post. One issue came up is that if one were to receive a bonus amount of marks, say double the amount, for reporting spam, this feature could be abused by someone who submits spam on a separate account and collects free marks and games the system as a result. An alternative would be to award people who mark spam a special coloured mark instead, that signifies their contribution and also acts as a sort of record keeper. Say in this example you get a 'golden' mark for every successful reported spam post, the mark in itself will have a negligible value(could be a markbit in the future, or a full mark today) but it would represent an action done. Perhaps over time the administrator might review someone's work in marking spam posts, and if they feel it was a legitimate effort they could offer the user a reward of 10 marks per golden mark.

I think enabling the classification of marks this way expands on the 'gamefication' aspect of marking even more. Special coloured marks could be given to users for special events or to commemorate a certain event. This would be similar to the already popular concept of badges awarded by places like Steam. The difference here is the collection of these marks could be even more enticing as marks are actually a tangible digital good that can be traded and has value. If the first 100 people who purchase a popular game receive a special coloured mark commemorating that purchase and awarded by the game developer, you can safely assume that something like that would be cherished by some who value such things. And others who value them less will still enjoy the idea behind them since they now have the ability to trade things like these. This concept isn't new of course, people have been trading digital goods in games for almost twenty years now. But with marking we can add this layer on top of things that people generally don't consider games. And the fact that each mark is a tangible, cryptographically secure unit of value backed by a blockchain distributed among nodes all over the world gives these marks much more meaning then what a simple badge might represent.

This has nothing to do with the update Mark mentioned in the post above but here's a short article on Bitmark News:

http://bitmarknews.com/2014/09/09/quick-update-on-recent-events/

It's mutually beneficial to help support and promote a safe and secure environment for cryptocurrencies. If Bitmark can assist James and superNET in that way everyone wins.

Wow. That was pretty good.

People are really trying to take you down. No one has even come close. After reading this thread and watching the way you've handled this whole situation I can see why the NXT community is willing to trust you with millions of dollars.

I'm curious as to which large BTC holders are invested in to XMR other than the ones we know of from this thread?

Yes, the Satoshi coins are a big problem for Bitcoin's future. Having question marks surrounding such a large amount of the money supply effectively limits the growth potential with regard to serious investors like banks and governments. People like to ignore that for now, but eventually questions will be asked.

Bitcoin doesn't view itself in any sort of competition. The organizations and people that currently run Bitcoin collectively do not see Bitcoin as a business obviously, nor should they really. What effect that will have on Bitcoin in the long run remains to be seen. The market will decide all of that. But don't expect much innovation from Bitcoin. Bitcoin will probably just end up laying the groundwork for whatever currencies succeed in the long run. It will probably always hold some value unless there is some major technical issue or attacks.