is it decentralized ripple, eg with out the dodge unl server list requirement.
Some parts of it are similar to ripple, but it's meant to be much more than that. It's supposed to be the only thing that a person will use when dealing with crypto. Connect currencies, fiat gateways, regular exchanges, asset exchanges, decentralised gambling and more. That's the plan anyway. With ripple I could send you crypto, but you still have to cash it out at a gateway and then use it yourself, with this the intention is just to be able to use it all from one GUI. |
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Thank you sir, this is a relief to here, as a developer you can often feel like a robot. We look forward to speaking with you more in the future, and hope you will become an avid marker.
coinsolidation balance coinsolidation define marking |
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Great thread, I thought this sounded fishy from the start but now it all makes sense.
Will the average user profit from Supernet? Possibly.
Will JL777? Most certainly.
He only really profits if the share holders profit though. His bonus structure is based on him multiplying the price by either 3x or 10x. Otherwise this is actually a massive net loss for him. So I think you got that wrong. |
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Yeah i understand that its a share but for example if theres a 100 dollar earning then theres a 50 token then they will divide it to 50 but because theres no limit of the token then the 50 can become 10k or more so the dividens will become much lower. Please help me to understand. thank you
The amount of TOKEN was only unlimited during the ICO. Now that the ICO is over the amount of TOKEN(which will be converted to UNITY 1:1) is limited. |
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I thought the time to get in is already over?  You'll be able to buy it on the open market soon enough. |
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So if its not limited then the price wont go high and if its all about having some percent from the earning of supernet then the dividends will also too small because of the unlimited buyer of the token? I'm sorry if i didnt understand clearly the supernet.
Supernet is not just a coin. It is a kind of close end investment fund. if the initial investment amount is high, the earning might also be high. SuperNET isn't a coin at all in fact. There is no superNET cryptocurrency, only the asset which holders can trade and receive dividends from. |
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So if its not limited then the price wont go high and if its all about having some percent from the earning of supernet then the dividends will also too small because of the unlimited buyer of the token? I'm sorry if i didnt understand clearly the supernet.
The sales are over so it's now limited. How ever many were bought is the amount of shares that there will be. |
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Investors should be quite pleased that James decided to 'rush' this IPO. Everyone is effectively getting a much bigger share than they would have if he had put time and money in to building it up and marketing it through all the major media channels.
As time goes on and development moves forward more people should learn about superNET. Should be interesting to watch how this all develops.
One thing I found quite interesting is that the 2000 BTC of James' assets had already become 3000 BTC by the time he transferred them to superNET. It would seem that anyone who bought TOKEN is already well in the profit zone based on book value alone, no?
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I think the poll is unnecessarily polarizing. It doesn't have to be a strong yes or no.
Personally, I do not invest unless I understand. Frankly I do not understand Supernet, therefore I will sit it out.
everything that we invest should be learned deeply. no invest till we understand it cause no reason to take risk. There's no rush, it's a big project! It's a free market and I'm sure someone will always be selling some UNITY out there.  |
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It terms of what if will offer over what NXT currently offers:
At the very least it will enable anonymous transfers via the combination of James' teleport technology and BBR's ring signatures. You should be able to send intercoin transactions, i.e. 100 BTCD comes out on the other side as the corresponding amount in BBR.
Also, there will be the addition of Bitmark's marking reputation+trust layer which should improve usage of the very user unfriendly and scammy NXT AE.
The overarching goal is to unite the crypto user base and have everyone using the superNET GUI as a portal. Instead of everyone competing against each other, developers can work together to provide a large user base the best services they can. It's an ambitious goal, but something that could potentially change the way people use crypto.
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IPO/ICO is closed!
What is next? I am excited (since I invested a bit).
Open market trading and patiently waiting while James and others spend their days developing and testing I think. |
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Risto could buy all XMR in existence with his stash of BTC, you dont know what you are talking about and should ask for return of money for your 101 psychology course. You failed.
Where is his stash? Where is proofy? He is a poor man stuck in a rich mans lifestyle, before he emulated it:  Obviously not his car. Then he sold some BTC to buy a castle to refurbish it and stock the wine and cigar cellar and actually live like he is rich. Monero core team are invited to stay so they all lick ass. The rest of the poorfags are in awe at this guy who can afford to live in a castle out of buttcoins they see rich and follow blindly so they can be led down the path to fortune too. I don't know what you want. want me to give awards to a guy who brought in at $10 and sold at $700? It's a good trade, who can deny? But All that time he was predicting a million dollars PER bitcoin by the end of last year. He got is so wrong it's too big to ignore. he was detained in mental clinic afterwards. you could accumulate thousands upon thousands of BTC easily not so long ago. The only hard part was holding on to them. There are plenty like him without so much ego. Plenty who are around long before. Those that remember BTC well before dollar parity are not so quick to follow the advice of self-proclaimed BTC oligarchs flaunting their wealth because it was so easy to obtain. And his predictions catastrophically overreaching- Those who do not know history's mistakes are doomed to repeat them It's not fair for you to post that picture and claim that he was trying to pass off that car as his own. The context was he was running a summit that people had paid BTC to attend and that was the hotel's car that would be picking people up. He was posting that as evidence that everything was running as planned, not trying to make false claims. |
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Is free market moderated in anyway? or is it going to be an anything goes situation. In that case would't that make the SuperNET / UNITY holders profiteers of potencially illicit trades?
What type of illicit trades are you referring to here? Like NXT assets that relate to illegal things? |
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Market manipulation and stock fraud are also crimes.
I hope we can create an anonymous world where they are not provable crimes. Humans are always competing in any way they can. This is nature. Nature is not a crime. It just is. I am suffering from some stupid decisions in life that put me in situations of higher risk and thus now am blind in one eye, have an (supposedly incurable) infection which usually results in head and throat cancer and automunity. I have symptoms that is underway. So nature has been tough of me, but I accept nature. I prefer my freedom (to destroy myself), than a guarantee hell of collective insurance. Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. Benjamin Franklin, Historical Review of Pennsylvania, 1759 US author, diplomat, inventor, physicist, politician, & printer (1706 - 1790) I'm sorry but I listened to him and invested into Bitcoins and lost large sums of money. (It was my own choice to invest, acknowledged) I now have followed his second pump, I entered at the wrong time . He announced it was going up and I'm at a big loss again. Again it was my own choice, I am responsible but beware listening to his insane price predictions because it's evidenced he will pull the tablecloth from underneath you. Yes, many people on this forum seem to have blindly followed the rhetoric from aminorex and rpietila over the last few months. I hope no one has really invested more than they can lose, but the passion that's being displayed by many Monero supporters makes me wonder to be honest. I do remember rpietila specifically recommending some fairly conservative ratios with regard to speculations in XMR vs holdings in BTC. So many of these people who have seemingly gone 'all in' have done so against the advice of people they're supposed to be following. I expect that things will calm down with regard to Monero rhetoric after all that has happened in the last month. The amount of drama has been unparalleled and spawned zealotry on both sides. People should always remember that many of the people they follow are already wealthy individuals who can afford to lose. Just because they speculate on something doesn't mean that you should too. Everyone needs to be in control of their own personal financial situation and take some responsibility. please scare me more, I still cant bother to sell even 1 Monero  I find it odd that you would read that post as an attempt to scare. Especially as my prediction is that things will calm down in the near future and go back to normal. |
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I think it is a punishable crime to attach a website or a service?
Market manipulation and stock fraud are also crimes. WTF?! Predictions, even wild and stupid ones are not market manipulation or fraud. (Also coins are not stocks, a relatively minor, but not entirely insignificant point.) Also, even if you weren't completely clueless on the above points, how would this relate at all to a DDoS on a business? See Maybe there is a third person involved, trying to profit and buy cheap.
This aspect should not be forgotten. Basically, the price of 1 XMR was 361-366 before the attack. Before the debacle, it actually was around 400. Using these as a baseline, just evaluate what is the % risk that Monero suffers from the attack, and how much, or is there even the chance to emerge out stronger. DDOS supposeduly impacted the price of XMR. Well guess what, It works both ways. He has made announcements on trollbox the price will spike shortly due to a 4 minute phone call he is having, added large buy walls only to pull them away and lie about the future prices based on nothing but fantasy on occasions- he claimed 1 Monero will be few thousand dollars, Just like he claimed BTC will be worth 1 million dollars. Both are lies only told to bring suckers in. He cash out long before. One is driving the price up, the other driving the price down, both are criminal Many people do these type of things for a living. Everyone should take any information from any source with a grain of salt and consider the motivations behind each actor. I'm not saying rpietila specifically has done anything wrong and I'm definitely not making any specific accusations here at all. I have no idea, but it shouldn't matter who it is. It could be anyone, and I'm speaking in a general sense here. Also, for what it's worth I'm pretty sure that rpietila's intentions are generally good. It's not illegal and it's not necessarily immoral. It really depends on the context. This whole crypto universe is similar to a game. There are winners and losers. The best thing we can do as a community is try to educate people and help newer people take a more skeptical conservative approach to speculating in cryptocurrencies. edit: I should add this before anyone misinterprets what I'm saying: I'm close to positive that rpietila had nothing to do with the attack on Polo and I would bet money that he was not involved. The post is just meant to be about the 'big names' in crypto in general, and how many people are able to make money using their influence. |
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Market manipulation and stock fraud are also crimes.
I hope we can create an anonymous world where they are not provable crimes. Humans are always competing in any way they can. This is nature. Nature is not a crime. It just is. I am suffering from some stupid decisions in life that put me in situations of higher risk and thus now am blind in one eye, have an (supposedly incurable) infection which usually results in head and throat cancer and automunity. I have symptoms that is underway. So nature has been tough of me, but I accept nature. I prefer my freedom (to destroy myself), than a guarantee hell of collective insurance. Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. Benjamin Franklin, Historical Review of Pennsylvania, 1759 US author, diplomat, inventor, physicist, politician, & printer (1706 - 1790) I'm sorry but I listened to him and invested into Bitcoins and lost large sums of money. (It was my own choice to invest, acknowledged) I now have followed his second pump, I entered at the wrong time . He announced it was going up and I'm at a big loss again. Again it was my own choice, I am responsible but beware listening to his insane price predictions because it's evidenced he will pull the tablecloth from underneath you. Yes, many people on this forum seem to have blindly followed the rhetoric from aminorex and rpietila over the last few months. I hope no one has really invested more than they can lose, but the passion that's being displayed by many Monero supporters makes me wonder to be honest. I do remember rpietila specifically recommending some fairly conservative ratios with regard to speculations in XMR vs holdings in BTC. So many of these people who have seemingly gone 'all in' have done so against the advice of people they're supposed to be following. I expect that things will calm down with regard to Monero rhetoric after all that has happened in the last month. The amount of drama has been unparalleled and spawned zealotry on both sides. People should always remember that many of the people they follow are already wealthy individuals who can afford to lose. Just because they speculate on something doesn't mean that you should too. Everyone needs to be in control of their own personal financial situation and take some responsibility. |
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well if I was Poloniex and I was really attacked I would go after whoever tried to take me down.
I think it is a punishable crime to attach a website or a service? Definitely is. Kids have gotten knocks on their doors from law enforcement for using the LOIC when they thought what they were doing was just 'for the lulz'. |
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It's also possible that Poloniex is run by people who would be politically opposed to involving the state in what they might see as their personal affairs too. I have no idea if that's the case and have no personal information either way related to Poloniex and their political views. It's just that it wouldn't be unheard of for someone in this community to be morally opposed to state involvement.
edit:
And then there is the other scenario that they might feel a minor (D?)DoS attack simply might not be worth pursuing or involving the state. Where as they would otherwise if it was a more serious attack, or theft.
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I don't see any reason why BCX should attack Poloniex. The Poloniex attack might have been a smart move by the Monero team. In this way, they can scare BCX, any law intervention would put BCX on the suspect list. He may cool down a little and give MEW more time to figure something out.
I personally conclude MEW have found a hole in their system, and are trying to buy time to implement a fix, or the worst is the hole is not fixable, and they are trying to build evidence in case of the attack and reduce BCX's incentive to launch the attack.
this is ridiculous now the Monero team is behind the attack on Polo? Hi BCX socket-puppet acc. it was the same nick as before, it was him, and he knew it was trouble doing that, thats why he denied here. I think he's just saying it could have been a smart chess move by someone with an interest in Monero to draw heat on BCX. No one is going to be making any real accusations here of course. If for example, this gets the FBI involved and they start to take a look at the situation, there's no doubt that we would likely see a chilling effect here on the drama. |
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So, anything to look forward to that might boost the price?
People using marks?  We are using now mark pabloangello 10 klaranet (bot): 10₥ has been awarded to pabloangello |
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