Seems you failed to read a few posts
Thanks for responding. Just to avoid any misperceptions, I did read those posts. They, and the “past performance” to which you refer informed my criticism. Your summary of Dogecoin's appeal highlights the amateur approach I was referencing. I don't intend to be offensive, merely precise. I use the term “amateur” as a precise description. An experienced professional would be able to bring to bear a rich set of modelling / analytic tools and a specialist domain terminology. I can assure you that when conducting a re-branding exercise for, e.g. an instantly-recognisable high street FMCG product, your typical int'l bluechip won't make a single move until they've first invested at least an upper-end six-figure sum in the market research / development iterative loop (qualitative and quantitative) and got back an extensive raft of results and trial serializations. I'm pointedly ignoring the proffered media-selected informal voxpops because I just can't bring myself to believe that anyone would be hard-pressed enough to cite them as actual insights, so they must be trolling. Cheers Graham I've always thought that any sufficiently funded team of professionals could blow Bitcoin out of the water in a short period of time. I'm surprised it hasn't happened yet to be honest. Probably still too niche. |
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Can anyone please explain how does this work? I read the 1st page but I am not still clear:
1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?
Thanks....
I'll attempt to answer this in the meantime, and if I'm incorrect on any point hopefully James or another person who is part of the project can correct me. 1. Some time in the next few days there will be an IPO selling shares on Poloniex. James had initially mentioned a 15% bonus for buying on the the first day with subsequent decreases in bonus percentage as time goes on. For example 2nd day might be 14% bonus and decreasing a further one person each day after. I don't think this is confirmed yet though. 2. James has stated that he intends for people to be able to buy shares in NXT, BTCD, and BTC. With purchases in NXT and BTCD receiving a 5% bonus in shares. 3. The point of the supernetwork is to incorporate the features from other coins in to the network and make them available for use via a GUI embedded in the wallets of coins that are part of the network. For example someone wishing to send a transaction that took advantage of BBR's ring signature anonymous technology from their BTCD wallet could do so via the superNET GUI on their BTCD wallet. In addition to coins sharing features I believe many of the services that James is currently developing will be offered for use via the same superNET GUI. The point of all this is to leverage the network effect for all coins involved. 4. Since BTCD is James' personal coin I'd imagine that all of the development of the superNET will be first implemented on BTCD as well as all features being rolled out first via the BTCD wallet. Since it's the first member of the superNET you might consider it the hub of the network. |
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I thought most people were aware of that, it was even admitted by the guy that entered into the competition that he took it from another campaign and made some changes, and the person who stated they designed it for XBTec originally. Using words like stolen is a bit over the top. Its a very generic looking style that existed long before XBTec or bitcointalk. Its popular because its looks good but no one can claim ownership of it. No one can claim ownership of it?? Then how can he claim a common design and get the 0.1 BTC top prize for doing almost nothing?? While there were others like me who designed their own code completely independent of others? That is not fair. Well, i recd a consolation prize of 0.03 BTC and i still consider my design better than this one All i am telling is i dont really think he deserved that 0.1 BTC Agreed. You should have won with an original design. Coin.princess wasn't aware that RocketSingh had stolen the design from the XBTec campaign until after she had awarded prizes. |
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Envious? I've been doing steady 40MH/s through the whole 235 Dif
Do you have a rough comparison of the amount of BTM you mined during the high diff and low diff period? |
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User: Este Nuno
Rank: sr member
Number of posts(this one included): 1970
1CJwwY3jphFBaHxnd43tGtnV4LhKdYmrWf
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I believe you have only chosen wisely if you are prepared to sell Monero at the right time and buy something better. Apparently which is what you did with Bitcoin, selling some to buy Monero. And remember I told you that Bitcoin price would not reach those wild projections you were making for 2014 and that the Bitcoin adoption curve is log-logistic not logistic.
Bitcoin is failing (to scale to ubiquity) because it is not decentralized. Heck languishing below 10 million users, it is not even Yahoo Geocities, much less friendster, myspace or Facebook.
I think this is pretty key. Being objective enough to recognize a likely successor and have sufficient lack of emotional attachment to switch horses before it's too late is a rare skill. People that don't get emotionally attached to their investments have a very big advantage. Cognitive dissonance kills portfolios. Not saying that this is relevant right now. But who knows what the landscape will look like a year from now. |
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I'd trust Poloniex over anyone else in this market definitely.
-American company
-Had a chance to pull a gox and did not
-Paid 90 BTC out of their own pocket to users
-Actively improves security
-Trusted by lots of established names with big money already
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So if someone buys BTCD they can also get the 5% discount for the IPO?
Since BTCD is the center of the superNET I assume anyone interested in the superNET will be big BTCD holders as well.
(and NXT as talked about eailer)
As people start to move their BTC over to Poloniex I'm guessing a lot of that 1000 BTC plus is going to be flowing in to BTCD and NXT. BTCD for people interested in anonymity and NXT for asset trading.
jl777, do you intend to fully support BTCD with the superNET? Will BTCD be the first wallet to have superNET integration?
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Who buys IPO's?
No IPO coin will be used as a currency anywhere
It's not an IPO coin(it's not even a coin). You're buying shares in a service I believe. From what I can tell reading the thread anyway. That's what I understood, some things look interesting.. It clearly says IPO on the title or i am reading a different thread... It's an IPO but it's not an IPO for a currency. Right now it's basically an IPO for a service that will connect BTCD and BBR. And possibly other coins in the future. There's no superNET coin. |
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BcX, it all comes down to how much every-day usage a coin gets by the people. What applications gets developed for them. To see daily use for any coin it needs to have a blockchain.info-style web wallet, that allows to spend coins safely online without trust. I am advocating this for XMR and the LTC communty.
I recommend everyone that ask me for help with setting up a Bitcoin wallet, to blockchain.info just because it requires zero trust and have the ability to be fool proof secure by 2FA usage. I don't know any better method for noobs that do not know how to store coins and keep computer out of virus. Sure, you can use exchanges like Coinbase but I wouldn't be so proud of myself if close people I helped would turn out to be goxxed later.
Personally, I find Electrum superior. Everyone can write down a twelve word sequence. Although, this also implies keeping your computer clean. I see your point about the 2FA. |
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SuperNET is pretty much designed to turn BBR in to an XMR killer. That's the intention anyway. Take advantage of the network effect and combine forces of Bitcoindark, BBR and any other coin they think has good features. I'm a bit skeptical(as usual  ) because I can't really see how this is supposed to work technically, but I'm certainly not dismissing the concept. And I'll be watching the developments as the idea is unique and interesting. I don't own any of the involved currencies(XMR, BBR, BTCD), so I have no skin in this game. But it will be very interesting to see what happens. Also, I'm curious about how the XMR camp is going to react to such an aggressive move against them. jl777 definitely makes crypto interesting!  |
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Who buys IPO's?
No IPO coin will be used as a currency anywhere
It's not an IPO coin(it's not even a coin). You're buying shares in a service I believe. From what I can tell reading the thread anyway. |
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So if I'm understanding his correctly, NXT will be an integral part in this whole operation, right?
If people get +5% for purchasing in NXT, why not just buy NXT with the BTC you were going to use anyway and get more? What's the downside?
Doesn't this mean everyone is going to be buying NXT and the price will go up? Not that it's necessarily a bad thing, but I'm just wondering how anything but that could happen.
I assume people planning on investing in this IPO are already converting their BTC to NXT since if they get in on day 1 it will be +5% NXT bonus and +15% early bonus for a total of 20%(!!!).
Am I missing something here?
I think this issue has been somewhat addressed: https://bitcointalk.org/index.php?topic=762346.msg8602931#msg8602931That sounds like he's unlikely to be selling the NXT which makes this probably one of the best times in recent history to buy NXT considering it's super cheap right now, no? Everyone is going to start buying NXT pretty soon. There's going to be more demand for NXT even after the IPO since people will want to trade it on the NXT asset exchange, right? |
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So if I'm understanding his correctly, NXT will be an integral part in this whole operation, right?
If people get +5% for purchasing in NXT, why not just buy NXT with the BTC you were going to use anyway and get more? What's the downside?
Doesn't this mean everyone is going to be buying NXT and the price will go up? Not that it's necessarily a bad thing, but I'm just wondering how anything but that could happen.
I assume people planning on investing in this IPO are already converting their BTC to NXT since if they get in on day 1 it will be +5% NXT bonus and +15% early bonus for a total of 20%(!!!).
Am I missing something here?
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question re: difficulty. the network hash rate has dropped considerably over the past five days and the difficulty hasn't followed it. been sitting at 235 for a while now; unless there are some 12hour miners that are keeping it high?
It changes every 720 blocks. So in 173 blocks the difficulty will adjust to around 60. |
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This is a really great coin with solid dev, but it has absolute no hype  Not much point in hype. Better to wait for it to evolve. Or better get get involved and help it evolve. Yourself or anyone you know who might be interested. Everyone can be useful at this point. Especially people with coding or design skill. Also long term miners willing to point their hardware at BTM is very much welcome. In a few months people will be gearing up their own businesses based around Bitmark and marking. But until then there's a lot of work needed to be done. |
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each block 17min/block?  slowly than bitcoin It will be around 2 minutes soon enough. The network needs some time to adjust. |
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just to be shure:
so I wait until 1st of september to join now?
You can join anytime, they pay you a prorated amount. how? (I see you broke out the good old FXO sig for free. ) it's a referal Ah, referral. I see that now. Good idea. They'll just give you BTC equal to whatever amount of days are left in the month as soon as you post here and start using the sig. I did it a while ago and got ~0.04. And I'll get the full 0.12 on Sept. 1st as well. It's only a day or two now so it will be a small payment. |
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Unless there is already an IRC chat that I don't know about, anyone interested in chatting should hang out at #ora on freenode. http://webchat.freenode.net/?channels=oraI like the philosophy behind Ora. And even though I'm not currently in it I like to follow it as I think there might be some mutually beneficial arrangements that can be made in the future between Ora and Bitmark. Totally different approaches, but similar values. So, not many people interested in IRC I take it? Out of ~900 you would think there might be at least a few!  |
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